SEBI Grade A (General Stream) Mock Test - 2 - Bank Exams MCQ

• The Indian Air Force conducted a test of BHISHM portable cubes in Agra for airdrops from aircraft.

• BHISHM portable cubes are part of "Project BHISHM" - Bharat Health Initiative for Sahyog, Hita, and Maitri.
• Designed to treat up to 200 casualties, these cubes emphasize rapid response and comprehensive care during emergencies.
• Equipped with innovative tools and integrating Artificial Intelligence (AI) and data analytics, the Aid Cube enables effective coordination and real-time monitoring of medical services.
• Comprising 72 easily transportable components, the cubes can be carried by hand, cycle, or drone, providing unmatched flexibility.
• With the ability to deploy within 12 minutes and being robust, waterproof, and light, the BHISHM portable cubes are suitable for diverse emergency scenarios.

The correct answer is 3.

In News

• The Enforcement Directorate (ED) plans to name the Aam Aadmi Party (AAP) as an accused in the money laundering investigation related to the Delhi excise policy scam.

Key Points

• PMLA aims to prevent and control money laundering.
• Section 3 of the PMLA defines the offence of money laundering.
• The Act allows for the confiscation and seizure of property obtained from laundered money.
• The Act was amended through various Finance Acts in 2015, 2018, and 2019 to strengthen the law against money laundering.

Additional Information

• Prevention of Money Laundering (Amendment) Act, 2009
  • Amended the original PMLA Act of 2002.
  • Added new provisions to strengthen the law against money laundering.
• Prevention of Money Laundering (Amendment) Act, 2012
  • Further amended the PMLA Act of 2002.
  • Introduced stricter penalties and enforcement mechanisms.

The correct answer is option 1.

Key Points

• NAMASTE is National Action for Mechanized Sanitation Ecosystem.
• It was jointly launched by Ministry of Housing and Urban Affairs and Ministry of Social Justice and Empowerment in 2022.
• It aims to eradicate unsafe sewer and septic tank cleaning practices.
• Union budget 2023-24 has allocated Rs 100 crore for NAMASTE scheme.

Additional Information

• Objectives of Namaste scheme:
  • All sanitation works performed by skilled workers.
  • Zero deaths in sanitation work.
  • No sanitation worker come in contact with human faecal matters.
  • Strengthening Urban local bodies in protecting the santitation workers.
  • Increase awareness in sanitation workers to seek services from skilled and registered sanitation workers.

• Sandeep Jain, has been unanimously elected as the President of FISME for the term 2024-25.

Key Points

• Jain's election was approved during the meeting of the Central Executive Committee (CEC) of FISME held in New Delhi.
• He is an alumnus of IIT-Kanpur and an auto-component manufacturer.
• Prior to assuming the role of President, Jain served as the Vice President of FISME, showcasing his dedication and involvement in the organization's activities.
• He took over the position from Prashant Patel, a manufacturer of dyes and chemicals with plants in Ahmedabad and Surat.
• Jain's background in mechanical engineering, along with his extensive experience in the industry, positions him well to address both legacy challenges and emerging trends in the MSME ecosystem, including advancements in technology and climate solutions.
• Furthermore, Jain's involvement in the Indo-German Manager Training program and his role as the Northern Region head for IGBDA highlight his commitment to professional development and networking within the industry.

• 6 traditional products and crafts of Assam, including Bihu Dhol, Jaapi and Sarthebari bell metal craft, have been accorded GI tags.

• Bihu Dhol, Jaapi, Assam Asharikandi Terracotta Craft, Assam Pani Mateka Craft, Sarthebari Metal Craft, and Assam Missing Handloom Products are the products that received the GI tags.
• These crafts are deeply rooted in Assam's heritage and culture.
• The GI tags were granted with support from organizations like NABARD and RO Guwahati.
• Padma Shri Dr. Rajani Kant, a GI Expert, facilitated the process.
• These crafts directly support nearly one lakh people in Assam.
• The certifications for the GI tags were confirmed in 2024, affirming the state's rich cultural legacy.

The correct answer is No rearrangement required.

Key Points

• Authorities: officials or the people in charge
• Ensuring: make sure

Important Points

We may consider A, B, and C to be three blanks. A is the first blank, B is the second, and C is the third.

• The subject is acted upon by the verb. Hence, the past participle form of the verb('verb³') should be chosen for the first blank. Thus, the correct choice is 'known'.
• The word 'authorities' is appropriate for the second blank because the civic officials of the country had to deal with a difficult situation.
• The word 'ensuring' is appropriate for the third blank because it is the duty of the civic officials to observe and make sure that social distancing was properly maintained.

The correct answer is CAB.

Key Points

• Determined: discovered or found out
• Probably: almost certainly
• Investigations: systematic examination

Important Points

We may consider A, B, and C to be three blanks. A is the first blank, B is the second, and C is the third.

• A noun is required for the first blank because the word 'Archaeological' is an adjective. The word 'investigations' is a noun and it is appropriate for the first blank.
• A verb is needed for the second blank because we should mention what was found out by the investigations. Hence, the correct choice is 'determined'.
• The word 'probably' is suitable for the third blank because an approximate timescale is given. Therefore, 'probably' is the correct choice.

The correct sentence will be: Archaeological investigations carried out in 2005-06 determined that the hard-surfaced track is medieval in date and was probably laid during the early to the mid-14th century.

The correct answer is "from 14th September 2022 to 30th September."

Key Points

• Let us understand the use of the following:
  • "With" is used to talk about something in the company or the presence of somebody/something.
    • Example: I live with my parents.
  • "To" is used to talk about something in the direction of something; towards something.
    • Example: The shop was on the way to the station.
  • "In" is used to talk about something at a point within an area or a space.
    • Example: The kids were playing in the street.
  • "From" is used to show what the origin of somebody/something is or used to show when something starts.
    • Example: I am from Delhi.
• In the given sentence, the time frame of the campaign has been discussed.
• Thus, it can be concluded from the above explanation that the correct preposition to use will be "from."
• The correct sentence: The Campaign began with the preparatory phase from 14th September 2022 to 30th September 2022 during which the Department identified the pending references in respect of 11 parameters as identified by DAR&PG and their speedy redressal.
• Hence, the correct answer is option 4.

The correct answer is B.

Key Points

• The first sentence is E as it is introducing the topic by mentioning about a meeting.
• The second sentence is D as it mentions that the deputy government also attended the meeting.
• The third sentence is B as it mentions what was said at the meeting.
• The fourth sentence is C. It informs that some other issues were also discussed at the meeting.
• The last sentence is A as it is concluding the passage by mentioning the purpose behind the discussion of these issues.
• Thus the correct sequence is EDBCA.
• The third sentence is B.

Additional Information

Concern: to relate to or to worry

Regulator: a person or body that supervises a certain industry

Assessment: evaluation or judgement

The correct answer is C-F.

Key Points

• Part C states 'The tablets brought temporary' and part F states 'respite from the excruciating pain'.
• In part F, the word respite means an interval of rest or relief​ and excruciating means causing great pain or anguish.
• Here, it's said that the tablets gave them temporary relief from the intense pain.
• There is only one correct combination in the given options i.e. C-F is the correct combination.

The correct sentence is, C-F: The tablets brought temporary respite from the excruciating pain.

Additional Information

Let us see the meaning of the words:

Given that:

Fail percentage of school P is 60%. Then, pass percentage of school P is 40%.

Formula Used:

Percentage = (Actual/Total) × 100

Calculation:

From the given graph,

Students who passed in school P = 80

⇒ 40% = 80

⇒ 1% = 2

⇒ 60% = 60 × 2 = 120 {Failed students of school P)

Now, the number of students passed from school T = 90

Then, the required percentage = (120/90) × 100 = (4/3) × 100

⇒ 133.33%

∴ The required percentage is 133.33%

Given:

Ratio between passed and failed students from all schools = 7 : 3

Calculation:

Total number of passed students = 80 + 90 + 70 + 50 + 90 + 110 = 490

⇒ 7 units = 490

⇒ 1 unit = 70

Failed students = 3 units = 70 × 3 = 210

∴ The total number of failed student from all schools is 210

Posts: Analyst, Architect, CEO, Executive, Manager, Medical Officer, Team Leader and Scientist

Eight cities: Bangalore, Bikaner, Delhi, Hyderabad, Jodhpur, Kochi, Lucknow and Meerut

i) Yi is posted in Bangalore.

ii) Team Leader is posted in Delhi.

iii) Be is a CEO.

iv) Analyst is either posted in Hyderabad or Lucknow.

v) Ps is either Manager or Executive.

vi) The person posted in Lucknow is either Analyst or Scientist.

vii) Executive is posted either in Bikaner or Kochi.

viii) Medical Officer is posted in Jodhpur.

ix) Either Be or Ap is posted in Jodhpur.

x) CEO is posted either in Lucknow or Kochi.

This implies that CEO is posted in Kochi and Executive is posted in Bikaner.

xi) Ps is posted in either Meerut or Hyderabad.

This implies that Ps is a Manager.

xii) Cz is posted either in Delhi or Kochi.

xiii) Manager is posted either in Meerut or Bangalore.

This implies that Manager is from Meerut.

xiv) Architect is not posted in Hyderabad.

Since, Architect does belong to Hyderabad or Lucknow (from vi), Architect is posted in Bangalore.

xv) Xi is either an Architect or an Executive.

xvi) Qr is not an Analyst.

xvii) Zu is not posted in Lucknow.

Hence, ‘Zu – Analyst – Hyderabad’ is the correct combination.

Posts: Analyst, Architect, CEO, Executive, Manager, Medical Officer, Team Leader and Scientist

Eight cities: Bangalore, Bikaner, Delhi, Hyderabad, Jodhpur, Kochi, Lucknow and Meerut

i) Yi is posted in Bangalore.

ii) Team Leader is posted in Delhi.

iii) Be is a CEO.

iv) Analyst is either posted in Hyderabad or Lucknow.

v) Ps is either Manager or Executive.

vi) The person posted in Lucknow is either Analyst or Scientist.

vii) Executive is posted either in Bikaner or Kochi.

viii) Medical Officer is posted in Jodhpur.

ix) Either Be or Ap is posted in Jodhpur.

x) CEO is posted either in Lucknow or Kochi.

This implies that CEO is posted in Kochi and Executive is posted in Bikaner.

xi) Ps is posted in either Meerut or Hyderabad.

This implies that Ps is a Manager.

xii) Cz is posted either in Delhi or Kochi.

xiii) Manager is posted either in Meerut or Bangalore.

This implies that Manager is from Meerut.

xiv) Architect is not posted in Hyderabad.

Since, Architect does belong to Hyderabad or Lucknow (from vi), Architect is posted in Bangalore.

xv) Xi is either an Architect or an Executive.

xvi) Qr is not an Analyst.

xvii) Zu is not posted in Lucknow.

Hence, CEO is posted in Kochi.

Given:
People sitting in a row facing North.
1. Only 2 people sit to the left of U, who sits 10 places away from M.
2. 3 people sit between M and N, who sits 3rd to the left of T.
3. N sits 5th from the right end.
4. T does not sit beside M.

4. P, who sits to the immediate right of U, has 4 people sitting between him and L.
5. U sits 7th to the left of G, who sits 3rd to the right of A.
6. O sits to the right of T.

7. D sits to the immediate right of I, who sits 3rd to the left of O.
8. J sits at an end of the row beside E, who sits 10th to the left of R.
9. B, who sits beside R, has 2 people between him and Q who sits to the left of B.
10. M does not sit beside Q.

M sits 9th from the right end of the row.

Hence, 4 people sit between Q and M

Hence, forgivingness is the correct answer.

Given Details

Twelve friends—Jishnu, Jay, Hari, Balu, Abhi, Keshav, Ambani, Sanju, Daya, Sreerag, Rohan, and Raghu.
Four different villas; Villa A, Villa B, Villa C, Villa D
Each villa has at least two people and at most four people staying.
Villa C has the least number of people staying in it.
Villa B and Villa D have three people staying in each villa.
Here we get Villa C has two people Staying (Two is the least) and Villa B and Villa D have three people staying in each Villa. So the remaining four people will stay in Villa A.

Keshav and Ambani stay together.
Keshav stays in the villa with the least number of people.
Here we get Keshav and Ambani staying together in Villa C

Balu is staying in Villa A. Sanju stays with three other people. Jay stays in a Villa having even number of people. Here Sanju stays with three other people so he stays in Villa A and Jay stays in Villa A, which has an even number of people staying in it.

Sreerag and Abhi stay in the same Villa but not in Villa D. Jishnu stays with 2 other people. Here we get Sreerag and Abhi staying in Villa B. For Jishnu there are 2 cases

Case 1: Jishnu stays in Villa B.

Case 2: Jishnu stays in Villa D.

Rohan and Raghu stay together but not in the Villa B.
Neither Daya nor Hari does not stays in Villa B.
Daya stays with 2 other people only.
Here we get the final case as Hari stays in Villa A and Daya in Villa D

Hence if we interchange Balu and Daya then Daya stays with Sanju.

Given Details

Twelve friends—Jishnu, Jay, Hari, Balu, Abhi, Keshav, Ambani, Sanju, Daya, Sreerag, Rohan, and Raghu.
Four different villas; Villa A, Villa B, Villa C, Villa D
Each villa has at least two people and at most four people staying.
Villa C has the least number of people staying in it.
Villa B and Villa D have three people staying in each villa.
Here we get Villa C has two people Staying (Two is the least) and Villa B and Villa D have three people staying in each Villa. So the remaining four people will stay in Villa A.

Keshav and Ambani stay together.
Keshav stays in the villa with the least number of people.
Here we get Keshav and Ambani staying together in Villa C

Balu is staying in Villa A. Sanju stays with three other people. Jay stays in a Villa having even number of people. Here Sanju stays with three other people so he stays in Villa A and Jay stays in Villa A, which has an even number of people staying in it.

Sreerag and Abhi stay in the same Villa but not in Villa D. Jishnu stays with 2 other people. Here we get Sreerag and Abhi staying in Villa B. For Jishnu there are 2 cases

Case 1: Jishnu stays in Villa B.

Case 2: Jishnu stays in Villa D.

Rohan and Raghu stay together but not in the Villa B.
Neither Daya nor Hari does not stays in Villa B.
Daya stays with 2 other people only.
Here we get the final case as Hari stays in Villa A and Daya in Villa D

Hence, Rohan stays in Villa D.

1) Village B is 10 km East of Village A.

2) Village F is 30 km South of village E. Village I is 20 km West of Village D.

3) Village I is 20 km north of Village J. Village D is 15 km North of Village A.

4) Village B is 15 km South of Village C. Village C is 20 km West of Village E.

5) Village H is 40 km East of Village K. Village G is 20 km East of Village J and 10 km North of Village H.

6) Village L is situated between H and K as L is in the south of J.

Drawn the figure according to the information given in the question:

Hence, village I is west of village E.

The correct answer is In primary markets, securities are issued for the first time to raise capital, while in secondary markets, existing securities are traded among investors.

Key Points

• The primary market is where new securities are issued and sold for the first time. Companies and governments use primary markets to raise capital by issuing stocks, bonds, and other securities.
• In the secondary market, existing securities are bought and sold among investors. The secondary market provides liquidity and the opportunity to buy and sell securities without involving the issuing entity.
• Examples of primary market activities include initial public offerings (IPOs) and bond issuances.
• Secondary markets include stock exchanges such as the New York Stock Exchange (NYSE) and the National Stock Exchange of India (NSE), where investors trade stocks, bonds, and other securities.

Additional Information

• Primary Market
  • Involves the issuance of new securities to raise capital.
  • Includes activities such as initial public offerings (IPOs) and bond issuances.
• Secondary Market
  • Involves the trading of existing securities among investors.
  • Provides liquidity and the opportunity for investors to buy and sell securities without involving the issuing entity.

The correct answer is A customized contract between two parties to buy or sell an asset at a specified future date at a price agreed upon today

Key Points

• Forward contracts are not standardized and are traded over-the-counter (OTC), meaning they are not traded on exchanges.
• These contracts are tailored to the specific needs of the parties involved, including the terms and conditions of the contract.
• Forward contracts are used for hedging purposes to lock in prices for future transactions and can also be used for speculative purposes.
• Unlike futures contracts, forward contracts are subject to counterparty risk because they are not settled through a clearinghouse.

Additional Information

• Forward Contracts
  • Customized agreements between two parties to buy or sell an asset at a future date for a price agreed upon today.
  • Traded over-the-counter (OTC) and not on exchanges.
• Other Derivatives
  • Futures Contracts: Standardized contracts traded on exchanges to buy or sell an asset at a future date at a price agreed upon today.
  • Swaps: Agreements between two parties to exchange a series of cash flows in the future based on a notional principal amount.
  • Options: Financial instruments that give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified period.

The correct answer is The person must be a resident of India.

Key Points

• To be appointed as a director, a person must be at least 21 years old.
• A Director Identification Number (DIN) is mandatory for a person to be appointed as a director.
• The person must not have been convicted of any offence involving moral turpitude.
• The person must not be an undischarged insolvent.
• There is no requirement for the person to be a resident of India to qualify as a director.

The correct answer is Reducing waste by producing only what is needed, when it is needed, and in the amount needed.

Key Points

• JIT is a production strategy aimed at reducing inventory levels and waste by producing goods in direct response to customer demand.
• This approach minimizes the costs associated with holding inventory, such as storage and obsolescence, and improves cash flow.
• Key principles of JIT include continuous improvement, waste reduction, and a focus on quality and efficiency in the production process.
• JIT requires a highly responsive and flexible supply chain, as well as close coordination with suppliers and customers to ensure timely delivery of materials and products.

Additional Information

• Just-in-Time (JIT)
  • Aims to reduce waste by producing only what is needed, when it is needed, and in the amount needed.
  • Minimizes inventory levels and associated costs.
• Key Principles
  • Continuous improvement, waste reduction, focus on quality and efficiency.
  • Highly responsive and flexible supply chain coordination.

The correct answer is Electricity generation.

Key Points

• Single output or unit costing is used in industries where production is uniform, and the output can be easily quantified, such as electricity generation.
• This method involves calculating the total cost of production and dividing it by the number of units produced to determine the cost per unit.
• It is suitable for industries producing homogenous products on a continuous basis.
• Other examples include cement manufacturing, mining, and water supply.

Additional Information

• Single Output/ Unit Costing
  • Used in industries with uniform production where output can be easily quantified.
  • Total cost of production is divided by the number of units produced to determine the cost per unit.
• Other Industries
  • Construction industry: Uses contract costing.
  • Custom furniture manufacturing: Uses job costing.
  • Automobile production: Uses process costing.
  • Textile manufacturing: Uses batch costing.

The correct answer is 2

Key Points

• The quorum for a Board meeting ensures that a sufficient number of directors are present to make valid decisions on behalf of the company.
• For the Board of Directors, the quorum is one-third of its total strength or 2 directors, whichever is higher.
• This requirement ensures that decisions are made with adequate representation and are not unduly influenced by a small number of directors.
• The total strength of the Board is the number of directors as fixed by the Articles of Association of the company.

Additional Information

• Quorum for Board Meetings
  • One-third of the total strength of the Board or 2 directors, whichever is higher.
  • Ensures adequate representation for decision-making.
• Total Strength
  • The number of directors as fixed by the Articles of Association.

The correct answer is To ensure that actual performance aligns with budgeted targets through continuous monitoring and corrective actions.

Key Points

• Budgetary control involves the continuous comparison of actual performance with budgeted targets to identify variances and implement corrective actions.
• This process helps management ensure that the organization's resources are used efficiently and effectively to achieve strategic objectives.
• Budgetary control provides a framework for financial discipline, accountability, and performance evaluation by setting financial targets and monitoring progress.
• It aids in decision-making by providing insights into areas where performance deviates from expectations, enabling timely adjustments to plans and strategies.

Additional Information

• Budgetary Control
  • Involves continuous comparison of actual performance with budgeted targets.
  • Helps in identifying variances and implementing corrective actions.
• Applications
  • Ensures efficient and effective use of resources to achieve strategic objectives.
  • Provides a framework for financial discipline, accountability, and performance evaluation.
  • Aids in decision-making by highlighting areas of performance deviation and enabling timely adjustments.

The correct answer is To set benchmarks for performance evaluation and cost control.

Key Points

• Standard costing involves establishing predetermined costs for products or services, which serve as benchmarks against which actual performance is measured.
• It helps in identifying variances between actual costs and standard costs, allowing management to take corrective actions for cost control and performance improvement.
• Standard costing is widely used in manufacturing industries to enhance efficiency and productivity by setting cost targets and monitoring deviations.
• This method provides a basis for budgeting, cost control, and decision-making processes within an organization.

Additional Information

• Standard Costing
  • Involves setting predetermined costs as benchmarks for performance evaluation.
  • Helps in identifying variances and taking corrective actions for cost control.
• Applications
  • Widely used in manufacturing industries for efficiency and productivity improvement.
  • Provides a basis for budgeting, cost control, and decision-making.

The correct answer is Exchange rate.

Key Points

• The demand for money in an economy is influenced by factors such as interest rates, the inflation rate, the level of real income, and expected future income.
• Interest rates affect the opportunity cost of holding money; higher rates incentivize saving rather than holding money.
• The inflation rate influences the purchasing power of money; higher inflation reduces the real value of money holdings.
• The level of real income affects the transactions demand for money; higher income leads to higher demand for money for transaction purposes.
• Expected future income impacts the precautionary demand for money; higher expected income can reduce the need to hold money for precautionary reasons.
• Exchange Rate Does not directly influence the demand for money within an economy.

The correct answer is A marketing manager and a sales manager discussing a coordinated strategy for a product launch.

Key Points

• Lateral communication occurs between employees or departments at the same hierarchical level within an organization.
• It facilitates coordination, collaboration, and the sharing of information across different functions or departments.
• Examples include discussions, meetings, and information sharing between colleagues or managers of different departments.
• This type of communication helps in ensuring that all parts of the organization are aligned and working towards common goals.

Additional Information

• Lateral Communication
  • Involves the flow of information between individuals or departments at the same level within an organization.
• Other Types of Communication
  • Upward Communication: Information flow from lower levels to higher levels in the organizational hierarchy.
  • Downward Communication: Information flow from higher levels to lower levels in the organizational hierarchy.

The correct answer is McClelland's Theory of Needs.

Key Points

• McClelland's Theory of Needs identifies three primary motivators: the need for achievement, the need for power, and the need for affiliation.
• Individuals with a high need for achievement are driven by a desire to excel and achieve goals.
• Those with a high need for power seek to influence and control others.
• Individuals with a high need for affiliation prioritize social relationships and seek approval and recognition from others.
• This theory emphasizes that different individuals are motivated by different needs, and understanding these needs can help managers effectively motivate their employees.

Additional Information

• McClelland's Theory of Needs
  • Identifies three primary motivators: achievement, power, and affiliation.
• Other Motivation Theories
  • Maslow's Hierarchy of Needs: Categorizes human needs into five levels, from physiological needs to self-actualization.
  • Herzberg's Two-Factor Theory: Distinguishes between hygiene factors and motivators that lead to job satisfaction.
  • Expectancy Theory: Suggests that individuals are motivated by the expected outcomes of their actions.
  • Equity Theory: Proposes that individuals are motivated by fairness and compare their inputs and outcomes with others.