SBI CBO Mock Test - 3 - Bank Exams MCQ

Fill someone in (on someone or something).
To tell someone the details about someone or something.
Example: 
(i) Please fill me in on what happened last night.
(ii) Please fill in the committee on the details.

To determine the correct answer, let's analyze the sentence:
"After Sheetu ...... the magazines and novels, she decided to go out and meet some friends."
The sentence indicates that Sheetu completed the action of reading magazines and novels before deciding to go out and meet her friends. Therefore, we need to use the past perfect tense to indicate the completion of the action before another past action.
Let's evaluate each option:
A: "read" - This is the simple past tense, indicating a past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
B: "had been reading" - This is the past perfect continuous tense, indicating an ongoing action that started before another past action. However, it does not convey that the action was completed before the decision to go out and meet friends. Incorrect.
C: "had read" - This is the correct answer. The past perfect tense "had read" indicates that the action of reading magazines and novels was completed before the decision to go out and meet friends. Correct.
D: "will have read" - This is the future perfect tense, indicating an action that will be completed before a future time. It does not fit the context of the sentence. Incorrect.
E: "reading" - This is the present participle form, indicating an ongoing action in the present. It does not fit the context of the sentence. Incorrect.
Therefore, the correct answer is C: "had read."

One word substitution is Stickler.

Disciplinarian: A person who believes in or practises firm discipline.

Stickler: A person who insists on a certain quality or type of behaviour.

Instantaneous: Occurring or done instantly.

Boaster: A very boastful and talkative person.

“Tea is grown in Darjeeling” is the passive voice for the sentence “Darjeeling grows tea”.  

In the active voice the subject will be in the beginning of the sentence and the object will be in the end. The verb will change accordingly. In the ‘passive voice’ the object will be in the beginning and the subject will be at the end. The verb will change accordingly. 

The correct order will be:
A French woman → who had come to calcutta (R)→ committted suicide (P)→ by jumping from the first floor balcony of the hotel (S)→ where she had put up. (Q)

One word substitution is Oligarchy.

Monarchy: A form of government with a monarch at the head.

Oligarchy: A small group of people having control of a country or organization.

Plutocracy: A state or society governed by the wealthy.

Autocracy: A system of government by one person with absolute power.

A strong spirit always motivates others, thus the second blank must have words like motivate, inspire, etc.

This makes option C the correct choice.

Hence option C is correct.

Payment and Settlement Systems constitute a major aspect of a country’s financial and economic structure. A payment system is a system that enables payment between two entities i.e. a payer and payee and constitutes clearing, settlement, or payment service.

There are five development finance institutions regulated by the Reserve Bank of India.

• The Indian Life Assurance Companies Act, 1912 was the first statutory measure to regulate life business.
• In 1928, the Indian Insurance Companies Act was enacted to enable the Government to collect statistical information about both life and non-life business transacted in India by Indian and foreign insurers including provident insurance societies.
• In 1938, with a view to protecting the interest of the Insurance public, the earlier legislation was consolidated and amended by the Insurance Act, 1938 with comprehensive provisions for effective control over the activities of insurers.
• The Insurance Amendment Act of 1950 abolished Principal Agencies. However, there were a large number of insurance companies and the level of competition was high. So the government of India decided to nationalize the life insurance business in India.

World Bank has headquarters in Washington, D.C., United States

Features of ATM:

1. Transfer of Funds
2. Balance Enquiry
3. Easy Cash Withdrawal
4. Unlock or Change Pin
5. Cash Deposit

• The Insurance Regulatory and Development Authority of India (IRDAI) is a regulatory body under the jurisdiction of the Ministry of Finance, Government of India.
• It is tasked with regulating and licensing the insurance and re-insurance industries in India.
• It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.

MMID is used as an identifier of mobile money.

EARLY INSURERS

• In 1972 with the passing of the General Insurance Business (Nationalisation) Act, general insurance business was nationalized with effect from 1st January 1973. 107 insurers were amalgamated and grouped into four companies, namely National Insurance Company Ltd., the New India Assurance Company Ltd., the Oriental Insurance Company Ltd, and the United India Insurance Company Ltd. The General Insurance Corporation of India was incorporated as a company in 1971 and it commenced business on January 1sst 1973. This millennium has seen insurance come a full circle in a journey extending to nearly 200 years.
• The process of re-opening of the sector had begun in the early 1990s and the last decade and more has seen it been opened up substantially. 

MALHOTRA COMMITTEE

• In 1993, the Government set up a committee under the chairmanship of RN Malhotra, former Governor of RBI, to propose recommendations for reforms in the insurance sector. The objective was to complement the reforms initiated in the financial sector. 
• The committee submitted its report in 1994 wherein, among other things, it recommended that the private sector be permitted to enter the insurance industry. They stated that foreign companies be allowed to enter by floating Indian companies, preferably a joint venture with Indian partners.

On June 6, 2012, Union Bank of India, one of India's biggest public sector banks, launched India's first Truly Accessible and Talking ATM in Vastrapur, Ahmedabad, Gujarat, for the visually and physically impaired.

Any fund established or incorporated in India that is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian or foreign, for investing by a defined investment policy for the benefit of its investors is referred to as an Alternative Investment Fund or AIF.

A Non-Banking Financial Company (NBFC) is a company registered under Companies Act, 1956.

• The life insurance business commenced in India with the establishment of Oriental Life Insurance Company in Calcutta in 1818.
• The general insurance business came to India in the year 1850 in Calcutta as the Triton Insurance Company Limited.

The International Monetary Fund is an international organization headquartered in Washington, D.C., of "189 countries working to foster global monetary cooperation, secure financial stability.

As per the RBI instructions in case of a failed ATM transaction, the card-issuing bank has been mandated to resolve the customer complaint

Anyonya Co-operative Bank Limited (ACBL) located in the city of Vadodara (formerly Baroda) in Gujarat, is the first co-operative bank in India. The Reserve Bank of India ordered the bank to stop most of its operations under Section 35 of the Banking Regulation Act, on 14 September 2007, and ACBL closed in March 2008. ACBL was established in 1889 under the name Anyonya Sahayakari Mandali Co-operative Bank Limited, with a primary objective of providing an alternative to exploitation by moneylenders for Baroda's residents

The types of NBFC’s classified by the reserve bank of India are:
(i) Asset Finance Company (AFC)
(ii) Investment Company (IC)
(iii) Loan Company (LC)
(iv) Infrastructure Finance Company (IFC)
(V) Systemically Important Core Investment Company (CIC-ND-SI)
(vi) Infrastructure Debt Fund: Non- Banking Financial Company (IDF-NBFC)
(vii) Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)
(viii) Non-Banking Financial Company – Factors (NBFC-Factors)
(ix) Mortgage Guarantee Companies (MGC)
(x) NBFC- Non-Operative Financial Holding Company (NOFHC)

• The headquarters of the Asian Development Bank is located in Manila, Philippines.
• ADB was established in 1966. The bank started its functioning on 1st January 1967.
• Japan and USA is its major donor. Japan-15.67%, USA-15.567%, China-6.4%, India-5.8%.
• ADB now has 68 members, of which 49 are from Asia and the Pacific and 19 outside.
• The main aim of ADB is social development by reducing poverty in Asia Pacific with inclusive growth and regional integration.
• India started availing ADB’s assistance in 1986. Six sector in India where ADB’s presence- Transport, Energy, Finance and public sector, Water & Transport services, Agriculture & Human Development Index.

Union Minister Rajeev Chandrashekhar has inaugurated the MedTech Centre of Entrepreneurship established at Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGI) in Lucknow. The center will boost cross-disciplinary application development like medical plus technology in the state. Dr Saurabh Srivastava, former chairman of NASSCOM, the chief mentor of MedTech CoE. MedTech is a Centre of Entrepreneurship (CoE) in Medial Electronics and Health Informatics is an initiative of the Software Technology Parks of India (STPI), an autonomous society under the Ministry of Electronics & Information Technology (MeitY). This CoE at Lucknow is being set up by STPI & MeitY in collaboration with Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGI), Lucknow, Department of IT & Electronics (Govt. of UP), Association of Medical Device Industry (AiMED) and Andhra Pradesh MedTech Zone (AMTZ). The Medi electronics sector is currently estimated to be at $10 billion and is expected to grow to $50 billion by 2025.

The scrambling of code is known as encryption.

WiFi (Wireless Fidelity) is a mechanism that allows users to exchange data wirelessly over a computer network. It is an underlying technology of wireless local area network (WLAN).

Memory is internal storage media of computer that has several names such as majorly categorized into two types, 1. Primary Memory2.Secondary Memory.