Official Paper

LIC AAO Mains Memory Based Paper (Held On: 18 March 2023) (Previous Year Paper)

120 questions · 120 minutes · with answers · free

Reasoning Ability (30 questions)

Directions: Study the following information carefully to answer the given questions:

Eight friends – Anchal, Ankit, Chetan, Preetam, Shabarish, Sagar, Subham and Sweta - are sitting around a circular table, but not necessarily in the same order, all are facing inside. All eight friends like different fruits – Orange, Strawberry, Cherry, Mango, Banana, Apple, Kiwi and Grapes but not necessarily in the same order.

2 people sit between Chetan and Ankit. Shabarish is sitting to third left of person who likes Mango. Sweta likes Kiwi. The person who likes mango sits third to left of Chetan who likes Banana. Anchal is sitting immediate left of Subham who likes Grapes. The person who likes Banana is sitting to second right of the person who likes Strawberry. Anchal don’t like Orange. Sagar who likes Strawberry faces the person who likes Orange. Preetam who likes Cherry is sitting to the second right of Sweta. Ankit likes Mango.

1

Who likes mango?

  1. ((a))

    Chetan

  2. ((b))

    Sagar

  3. ((c))

    Anchal

  4. ((d))

    Shabarish

  5. ((e))

    Ankit

Show Answer
Answer: ((e))

Ankit

  1. Shabarish is sitting to third left of person who likes Mango.
  2. The person who likes mango sits third to left of the Chetan who likes Banana.

  1. Two people sit between Chetan and Ankit who likes Mango.

4. Sagar who likes Strawberry faces the person who likes Orange so shabarish will like Orange. 5. The person who likes Banana is sitting to second right of the person who likes Strawberry so we can say that Sagar likes strawberry and Chetan likes Banana.

  1. Preetam who likes Cherry is sitting to the second right of Sweta.
  2. Sweta likes Kiwi.

Here two possiblility will be generated so we will take 2 cases here.

Case 1. In first case Sweta will sit immediate left of chetan so Preetam will be sitting immediate right of Chetan.

Case 2. In this case Sweta will sit immediate right of Chetan so according to that Preetam will be immediate right of Shabarish.

8. Anchal is sitting immediate left of Subham who likes Grapes.

According to this statement Case 2 will get eliminated because we can't place Anchal is immediate left of Subham so our answer will be come from case 1 only.

  1. It is given that Subham likes Grapes so remaining fruit will like Anchal which is Apple.

So this is our final diagram.

Clearly, Ankit likes Mango.

2

Who is facing Anchal.

  1. ((a))

    Sweta

  2. ((b))

    Sagar

  3. ((c))

    Preetam

  4. ((d))

    Chetan

  5. ((e))

    None of these

Show Answer
Answer: ((a))

Sweta

  1. Shabarish is sitting to third left of person who likes Mango.
  2. The person who likes mango sits third to left of the Chetan who likes Banana.

  1. Two people sit between Chetan and Ankit who likes Mango.

4. Sagar who likes Strawberry faces the person who likes Orange so shabarish will like Orange. 5. The person who likes Banana is sitting to second right of the person who likes Strawberry so we can say that Sagar likes strawberry and Chetan likes Banana.

  1. Preetam who likes Cherry is sitting to the second right of Sweta.
  2. Sweta likes Kiwi.

Here two possiblility will be generated so we will take 2 cases here.

Case 1. In first case Sweta will sit immediate left of chetan so Preetam will be sitting immediate right of Chetan.

Case 2. In this case Sweta will sit immediate right of Chetan so according to that Preetam will be immediate right of Shabarish.

8. Anchal is immediate left of Subham who likes Grapes.

According to this statement Case 2 will get eliminated because we can't place Anchal is immediate left of Subham so our answer will be come from case 1 only.

  1. It is given that Subham likes Grapes so remaining fruit will like Anchal which is Apple.

So this is our final diagram.

Clearly, Sweta is facing Anchal.

3

Which person is sitting immediate left of Chetan?

  1. ((a))

    Sagar

  2. ((b))

    Preetam

  3. ((c))

    Sweta

  4. ((d))

    Anchal

  5. ((e))

    Ankit

Show Answer
Answer: ((c))

Sweta

  1. Shabarish is sitting to third left of person who likes Mango.
  2. The person who likes mango sits third to left of the Chetan who likes Banana.

  1. Two people sit between Chetan and Ankit who likes Mango.

4. Sagar who likes Strawberry faces the person who likes Orange so shabarish will like Orange. 5. The person who likes Banana is sitting to second right of the person who likes Strawberry so we can say that Sagar likes strawberry and Chetan likes Banana.

  1. Preetam who likes Cherry is sitting to the second right of Sweta.
  2. Sweta likes Kiwi.

Here two possiblility will be generated so we will take 2 cases here.

Case 1. In first case Sweta will sit immediate left of chetan so Preetam will be sitting immediate right of Chetan.

Case 2. In this case Sweta will sit immediate right of Chetan so according to that Preetam will be immediate right of Shabarish.

8. Anchal is immediate left of Subham who likes Grapes.

According to this statement Case 2 will get eliminated because we can't place Anchal is immediate left of Subham so our answer will be come from case 1 only.

  1. It is given that Subham likes Grapes so remaining fruit will like Anchal which is Apple.

So this is our final diagram.

Clearly, Sweta is sitting immediate left of Chetan.

4

Which of the following statements is true as per the given arrangement?

  1. ((a))

    Subham is facing Preetam

  2. ((b))

    Sager sits immediate left of Anchal

  3. ((c))

    Only one person sits between Shabarish and Ankit

  4. ((d))

    Only three people sit between Ankit and Preetam.

  5. ((e))

    None of these

Show Answer
Answer: ((d))

Only three people sit between Ankit and Preetam.

  1. Shabarish is sitting to third left of person who likes Mango.
  2. The person who likes mango sits third to left of the Chetan who likes Banana.

  1. Two people sit between Chetan and Ankit who likes Mango.

4. Sagar who likes Strawberry faces the person who likes Orange so shabarish will like Orange. 5. The person who likes Banana is sitting to second right of the person who likes Strawberry so we can say that Sagar likes strawberry and Chetan likes Banana.

  1. Preetam who likes Cherry is sitting to the second right of Sweta.
  2. Sweta likes Kiwi.

Here two possiblility will be generated so we will take 2 cases here.

Case 1. In first case Sweta will sit immediate left of chetan so Preetam will be sitting immediate right of Chetan.

Case 2. In this case Sweta will sit immediate right of Chetan so according to that Preetam will be immediate right of Shabarish.

8. Anchal is immediate left of Subham who likes Grapes.

According to this statement Case 2 will get eliminated because we can't place Anchal is immediate left of Subham so our answer will be come from case 1 only.

  1. It is given that Subham likes Grapes so remaining fruit will like Anchal which is Apple.

So this is our final diagram.

Clearly, Only three people sit between Ankit and Preetam.

5

Which of the following pair represents of the immediate neighbours of Subham?

  1. ((a))

    Anchal and Sagar

  2. ((b))

    Ankit and Shabarish

  3. ((c))

    Anchal and Ankit

  4. ((d))

    Chetan and Preetam

  5. ((e))

    Sagar and Shabarish

Show Answer
Answer: ((c))

Anchal and Ankit

  1. Shabarish is sitting to third left of person who likes Mango.
  2. The person who likes mango sits third to left of the Chetan who likes Banana.

  1. Two people sit between Chetan and Ankit who likes Mango.

4. Sagar who likes Strawberry faces the person who likes Orange so shabarish will like Orange. 5. The person who likes Banana is sitting to second right of the person who likes Strawberry so we can say that Sagar likes strawberry and Chetan likes Banana.

  1. Preetam who likes Cherry is sitting to the second right of Sweta.
  2. Sweta likes Kiwi.

Here two possiblility will be generated so we will take 2 cases here.

Case 1. In first case Sweta will sit immediate left of chetan so Preetam will be sitting immediate right of Chetan.

Case 2. In this case Sweta will sit immediate right of Chetan so according to that Preetam will be immediate right of Shabarish.

8. Anchal is immediate left of Subham who likes Grapes.

According to this statement Case 2 will get eliminated because we can't place Anchal is immediate left of Subham so our answer will be come from case 1 only.

  1. It is given that Subham likes Grapes so remaining fruit will like Anchal which is Apple.

So this is our final diagram.

Hence, Anchal and Ankit is immediate neighbours of Subham.

Direction: Study the following information carefully and answer the following questions.

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other but not necessarily in the same order. Each of the boxes is colored with different colors blue, purple, green, white, pink, yellow, black and red but not necessarily in the same order.

 Two boxes are placed between box H and the pink box, which is not placed at the bottom. The black box is placed immediately below box H. Not more than two boxes are placed below the black box. Only three boxes are placed between box F and box J. yellow box is placed above pink box. One box is placed between box F and the yellow box. Box J is not the bottommost box. The number of boxes between box J and box H is same as between blue box and pink box. Two boxes are placed between blue box and purple box. Box D is placed immediately above box E. Box E is neither purple colored nor yellow colored box. K is the green colored box and is placed below box H, which is not white colored box. Box G is placed above box I but is not white colored box.

6

How many boxes are placed below the box H?

  1. ((a))

    4

  2. ((b))

    5

  3. ((c))

    2

  4. ((d))

    3

  5. ((e))

    1

Show Answer
Answer: ((d))

3

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other.

Each of the boxes are colored with different colors among blue, purple, green, white, pink, yellow, black and red.

1) Two boxes are placed between box H and pink box, which is not placed at the bottom.

2) The black box is placed immediately below box H.

3) Not more than two boxes are placed below black box.

From above it is clear that there will be three cases,

NumberCase 1Case 2Case 3
1
2(Pink)
3(Pink)
4(Pink)
5H
6(Black)H
7(Black)H
8(Black)×Pink

 

4) yellow box is placed above pink box.

5) One box is placed between box F and yellow box.

6) Only three boxes are placed between box F and box J and Box J is not the bottommost box.

In case 2, If we put yellow colored box on 2nd position then F will be at the 4th position and from point 6 J will be at the bottommost box which is not possible so we will put Yellow colored box at the topmost position.

In case 3, just like case 2 yellow colored box cannot be put at the 2nd position and if we put it on 1st position then F will be at the 3rd position and according to to point 6 J will be at the 7th position which is not possible so we simply put it at 3rd position and again there will be two possibilities of F.

NumberCase 1Case 2Case 3
1(Yellow)(Yellow)FJ
2(Pink)
3FF (Pink)(Yellow)(Yellow)
4(Pink)(Pink)
5HJF
6(Black)H
7JJ (Black)HH
8(Black)(Black)×Pink, ×J

 

7) The number of boxes between box J and box H is the same as between blue box and pink box.

8) Two boxes are placed between blue box and purple box.

9) K is green color box and is placed below box H, which is not white colored box. If H is not white then there is only one place left for White colored box and one color left for H.

From  point 9 case3 will be eliminated because there is no place for K and in case 2 if we put Blue colored box at 4th position then there will be no place for Purple colored box so we simply put it at 2nd position,

NumberCase 1Case 2×Case 3
1(Yellow)(Yellow)FJ
2(Pink)(Blue)
3F(White)F (Pink)(Yellow)(Yellow)
4(Blue)(White)(Pink)(Pink)
5H(Red)(Purple)JF
6(Black)H(Red)
7J(Purple)J (Black)HH
8K(Green)K(Green)(Black)(Black)×Pink, ×J

 

10) Box D is placed immediately above box E.

11) Box E is neither purple colored nor yellow colored box.

12) Box G is placed above box I but is not white colored box.

In case 1 D and E will be placed at 1st position and 2nd position respectively and in case 2 E is neither purple colored nor yellow colored so E will be placed and position. But from point 12 it is not possible for G to placed above I G is not white colored box so case 2 will be eliminated.

NumberCase 1×Case 2
1D(Yellow)D(Yellow)
2E(Pink)E(Blue)
3F(White)F (Pink)
4G(Blue)G(White)
5H(Red)I(Purple)
6I(Black)H(Red)
7J(Purple)J (Black)
8K(Green)K(Green)×Pink, ×J

 

So, the final arrangement will be,

NumberBox
1D(Yellow)
2E(Pink)
3F(White)
4G(Blue)
5H(Red)
6I(Black)
7J(Purple)
8K(Green)

 

Hence 3 boxes are placed below the box H.

7

Box G is placed two boxes above which box?

  1. ((a))

    The Black colored box

  2. ((b))

    The Pink colored box

  3. ((c))

    The Green colored box

  4. ((d))

    J

  5. ((e))

    H

Show Answer
Answer: ((a))

The Black colored box

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other.

Each of the boxes are colored with different colors among blue, purple, green, white, pink, yellow, black and red.

1) Two boxes are placed between box H and pink box, which is not placed at the bottom.

2) The black box is placed immediately below box H.

3) Not more than two boxes are placed below black box.

From above it is clear that there will be three cases,

NumberCase 1Case 2Case 3
1
2(Pink)
3(Pink)
4(Pink)
5H
6(Black)H
7(Black)H
8(Black)×Pink

 

4) yellow box is placed above pink box.

5) One box is placed between box F and yellow box.

6) Only three boxes are placed between box F and box J and Box J is not the bottommost box.

In case 2, If we put yellow colored box on 2nd position then F will be at the 4th position and from point 6 J will be at the bottommost box which is not possible so we will put Yellow colored box at the topmost position.

In case 3, just like case 2 yellow colored box cannot be put at the 2nd position and if we put it on 1st position then F will be at the 3rd position and according to to point 6 J will be at the 7th position which is not possible so we simply put it at 3rd position and again there will be two possibilities of F.

NumberCase 1Case 2Case 3
1(Yellow)(Yellow)FJ
2(Pink)
3FF (Pink)(Yellow)(Yellow)
4(Pink)(Pink)
5HJF
6(Black)H
7JJ (Black)HH
8(Black)(Black)×Pink, ×J

 

7) The number of boxes between box J and box H is the same as between blue box and pink box.

8) Two boxes are placed between blue box and purple box.

9) K is green color box and is placed below box H, which is not white colored box. If H is not white then there is only one place left for White colored box and one color left for H.

From  point 9 case3 will be eliminated because there is no place for K and in case 2 if we put Blue colored box at 4th position then there will be no place for Purple colored box so we simply put it at 2nd position,

NumberCase 1Case 2×Case 3
1(Yellow)(Yellow)FJ
2(Pink)(Blue)
3F(White)F (Pink)(Yellow)(Yellow)
4(Blue)(White)(Pink)(Pink)
5H(Red)(Purple)JF
6(Black)H(Red)
7J(Purple)J (Black)HH
8K(Green)K(Green)(Black)(Black)×Pink, ×J

 

10) Box D is placed immediately above box E.

11) Box E is neither purple colored nor yellow colored box.

12) Box G is placed above box I but is not white colored box.

In case 1 D and E will be placed at 1st position and 2nd position respectively and in case 2 E is neither purple colored nor yellow colored so E will be placed and position. But from point 12 it is not possible for G to placed above I G is not white colored box so case 2 will be eliminated.

NumberCase 1×Case 2
1D(Yellow)D(Yellow)
2E(Pink)E(Blue)
3F(White)F (Pink)
4G(Blue)G(White)
5H(Red)I(Purple)
6I(Black)H(Red)
7J(Purple)J (Black)
8K(Green)K(Green)×Pink, ×J

 

So, the final arrangement will be,

NumberBox
1D(Yellow)
2E(Pink)
3F(White)
4G(Blue)
5H(Red)
6I(Black)
7J(Purple)
8K(Green)

 

Hence box G is placed two boxes above the Black colored box.

8

Box D and box F are adjacent to which box? 

  1. ((a))

    The Green colored box

  2. ((b))

    G

  3. ((c))

    The Pink colored box

  4. ((d))

    J

  5. ((e))

    The Black colored box

Show Answer
Answer: ((c))

The Pink colored box

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other.

Each of the boxes are colored with different colors among blue, purple, green, white, pink, yellow, black and red.

1) Two boxes are placed between box H and pink box, which is not placed at the bottom.

2) The black box is placed immediately below box H.

3) Not more than two boxes are placed below black box.

From above it is clear that there will be three cases,

NumberCase 1Case 2Case 3
1
2(Pink)
3(Pink)
4(Pink)
5H
6(Black)H
7(Black)H
8(Black)×Pink

 

4) yellow box is placed above pink box.

5) One box is placed between box F and yellow box.

6) Only three boxes are placed between box F and box J and Box J is not the bottommost box.

In case 2, If we put yellow colored box on 2nd position then F will be at the 4th position and from point 6 J will be at the bottommost box which is not possible so we will put Yellow colored box at the topmost position.

In case 3, just like case 2 yellow colored box cannot be put at the 2nd position and if we put it on 1st position then F will be at the 3rd position and according to to point 6 J will be at the 7th position which is not possible so we simply put it at 3rd position and again there will be two possibilities of F.

NumberCase 1Case 2Case 3
1(Yellow)(Yellow)FJ
2(Pink)
3FF (Pink)(Yellow)(Yellow)
4(Pink)(Pink)
5HJF
6(Black)H
7JJ (Black)HH
8(Black)(Black)×Pink, ×J

 

7) The number of boxes between box J and box H is the same as between blue box and pink box.

8) Two boxes are placed between blue box and purple box.

9) K is green color box and is placed below box H, which is not white colored box. If H is not white then there is only one place left for White colored box and one color left for H.

From  point 9 case3 will be eliminated because there is no place for K and in case 2 if we put Blue colored box at 4th position then there will be no place for Purple colored box so we simply put it at 2nd position,

NumberCase 1Case 2×Case 3
1(Yellow)(Yellow)FJ
2(Pink)(Blue)
3F(White)F (Pink)(Yellow)(Yellow)
4(Blue)(White)(Pink)(Pink)
5H(Red)(Purple)JF
6(Black)H(Red)
7J(Purple)J (Black)HH
8K(Green)K(Green)(Black)(Black)×Pink, ×J

 

10) Box D is placed immediately above box E.

11) Box E is neither purple colored nor yellow colored box.

12) Box G is placed above box I but is not white colored box.

In case 1 D and E will be placed at 1st position and 2nd position respectively and in case 2 E is neither purple colored nor yellow colored so E will be placed and position. But from point 12 it is not possible for G to placed above I G is not white colored box so case 2 will be eliminated.

NumberCase 1×Case 2
1D(Yellow)D(Yellow)
2E(Pink)E(Blue)
3F(White)F (Pink)
4G(Blue)G(White)
5H(Red)I(Purple)
6I(Black)H(Red)
7J(Purple)J (Black)
8K(Green)K(Green)×Pink, ×J

 

So, the final arrangement will be,

NumberBox
1D(Yellow)
2E(Pink)
3F(White)
4G(Blue)
5H(Red)
6I(Black)
7J(Purple)
8K(Green)

 

Hence box D and box F are adjacent to the Pink colored box.

9

How many boxes are there between box E and box J?

  1. ((a))

    5

  2. ((b))

    3

  3. ((c))

    4

  4. ((d))

    6

  5. ((e))

    1

Show Answer
Answer: ((c))

4

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other.

Each of the boxes are colored with different colors among blue, purple, green, white, pink, yellow, black and red.

1) Two boxes are placed between box H and pink box, which is not placed at the bottom.

2) The black box is placed immediately below box H.

3) Not more than two boxes are placed below black box.

From above it is clear that there will be three cases,

NumberCase 1Case 2Case 3
1
2(Pink)
3(Pink)
4(Pink)
5H
6(Black)H
7(Black)H
8(Black)×Pink

 

4) yellow box is placed above pink box.

5) One box is placed between box F and yellow box.

6) Only three boxes are placed between box F and box J and Box J is not the bottommost box.

In case 2, If we put yellow colored box on 2nd position then F will be at the 4th position and from point 6 J will be at the bottommost box which is not possible so we will put Yellow colored box at the topmost position.

In case 3, just like case 2 yellow colored box cannot be put at the 2nd position and if we put it on 1st position then F will be at the 3rd position and according to to point 6 J will be at the 7th position which is not possible so we simply put it at 3rd position and again there will be two possibilities of F.

NumberCase 1Case 2Case 3
1(Yellow)(Yellow)FJ
2(Pink)
3FF (Pink)(Yellow)(Yellow)
4(Pink)(Pink)
5HJF
6(Black)H
7JJ (Black)HH
8(Black)(Black)×Pink, ×J

 

7) The number of boxes between box J and box H is the same as between blue box and pink box.

8) Two boxes are placed between blue box and purple box.

9) K is green color box and is placed below box H, which is not white colored box. If H is not white then there is only one place left for White colored box and one color left for H.

From  point 9 case3 will be eliminated because there is no place for K and in case 2 if we put Blue colored box at 4th position then there will be no place for Purple colored box so we simply put it at 2nd position,

NumberCase 1Case 2×Case 3
1(Yellow)(Yellow)FJ
2(Pink)(Blue)
3F(White)F (Pink)(Yellow)(Yellow)
4(Blue)(White)(Pink)(Pink)
5H(Red)(Purple)JF
6(Black)H(Red)
7J(Purple)J (Black)HH
8K(Green)K(Green)(Black)(Black)×Pink, ×J

 

10) Box D is placed immediately above box E.

11) Box E is neither purple colored nor yellow colored box.

12) Box G is placed above box I but is not white colored box.

In case 1 D and E will be placed at 1st position and 2nd position respectively and in case 2 E is neither purple colored nor yellow colored so E will be placed and position. But from point 12 it is not possible for G to placed above I G is not white colored box so case 2 will be eliminated.

NumberCase 1×Case 2
1D(Yellow)D(Yellow)
2E(Pink)E(Blue)
3F(White)F (Pink)
4G(Blue)G(White)
5H(Red)I(Purple)
6I(Black)H(Red)
7J(Purple)J (Black)
8K(Green)K(Green)×Pink, ×J

 

So, the final arrangement will be,

NumberBox
1D(Yellow)
2E(Pink)
3F(White)
4G(Blue)
5H(Red)
6I(Black)
7J(Purple)
8K(Green)

 

Hence 4 boxes are there between box E and box J.

10

Which box is Black in color?

  1. ((a))

    D

  2. ((b))

    F

  3. ((c))

    G

  4. ((d))

    J

  5. ((e))

    I

Show Answer
Answer: ((e))

I

Eight boxes – D, E, F, G, H, I, J and K – are placed one above the other.

Each of the boxes are colored with different colors among blue, purple, green, white, pink, yellow, black and red.

1) Two boxes are placed between box H and pink box, which is not placed at the bottom.

2) The black box is placed immediately below box H.

3) Not more than two boxes are placed below black box.

From above it is clear that there will be three cases,

NumberCase 1Case 2Case 3
1
2(Pink)
3(Pink)
4(Pink)
5H
6(Black)H
7(Black)H
8(Black)×Pink

 

4) yellow box is placed above pink box.

5) One box is placed between box F and yellow box.

6) Only three boxes are placed between box F and box J and Box J is not the bottommost box.

In case 2, If we put yellow colored box on 2nd position then F will be at the 4th position and from point 6 J will be at the bottommost box which is not possible so we will put Yellow colored box at the topmost position.

In case 3, just like case 2 yellow colored box cannot be put at the 2nd position and if we put it on 1st position then F will be at the 3rd position and according to to point 6 J will be at the 7th position which is not possible so we simply put it at 3rd position and again there will be two possibilities of F.

NumberCase 1Case 2Case 3
1(Yellow)(Yellow)FJ
2(Pink)
3FF (Pink)(Yellow)(Yellow)
4(Pink)(Pink)
5HJF
6(Black)H
7JJ (Black)HH
8(Black)(Black)×Pink, ×J

 

7) The number of boxes between box J and box H is the same as between blue box and pink box.

8) Two boxes are placed between blue box and purple box.

9) K is green color box and is placed below box H, which is not white colored box. If H is not white then there is only one place left for White colored box and one color left for H.

From  point 9 case3 will be eliminated because there is no place for K and in case 2 if we put Blue colored box at 4th position then there will be no place for Purple colored box so we simply put it at 2nd position,

NumberCase 1Case 2×Case 3
1(Yellow)(Yellow)FJ
2(Pink)(Blue)
3F(White)F (Pink)(Yellow)(Yellow)
4(Blue)(White)(Pink)(Pink)
5H(Red)(Purple)JF
6(Black)H(Red)
7J(Purple)J (Black)HH
8K(Green)K(Green)(Black)(Black)×Pink, ×J

 

10) Box D is placed immediately above box E.

11) Box E is neither purple colored nor yellow colored box.

12) Box G is placed above box I but is not white colored box.

In case 1 D and E will be placed at 1st position and 2nd position respectively and in case 2 E is neither purple colored nor yellow colored so E will be placed and position. But from point 12 it is not possible for G to placed above I G is not white colored box so case 2 will be eliminated.

NumberCase 1×Case 2
1D(Yellow)D(Yellow)
2E(Pink)E(Blue)
3F(White)F (Pink)
4G(Blue)G(White)
5H(Red)I(Purple)
6I(Black)H(Red)
7J(Purple)J (Black)
8K(Green)K(Green)×Pink, ×J

 

So, the final arrangement will be,

NumberBox
1D(Yellow)
2E(Pink)
3F(White)
4G(Blue)
5H(Red)
6I(Black)
7J(Purple)
8K(Green)

 

Hence box I is Black in color.

11

Direction: In the following question, four statements are given and there are five conclusions given in the options. Find the incorrect conclusion among the five options. 

Statements:

I) Some book is pen.

II) No pen is pencil.

III) some pencil is clip.

IV) Some Paper is both book and pen.

  1. ((a))

    Some paper is not pencil

  2. ((b))

    Some pen is book but not paper

  3. ((c))

    Some pencil can be book

  4. ((d))

    Some clip is not pen

  5. ((e))

    All pen can be clip

Show Answer
Answer: ((b))

Some pen is book but not paper

The least possible Venn diagram for the given statements is as follows:

Conclusions:

I) Some paper is not pencil → True (as we know that no pen is pencil so, the part of paper which is pen is not pencil. So, the case is true)

II) Some pen is book but not paper → False (as we know the common part of pen and book is paper.It is possible but not definite. So, the case is false)

III) Some pencil can be book → True (as there is no direct relation is given between pencil and book so we can say that here is a possibility that some pencil can be book. Thus, this case is true)

IV) Some clip is not pen → True (as the part of clip which is pencil is not pen. So this case is true)

V) All pen can be clip → True (as there is no direct relation is given between pen and clip so we can say that here is a possibility that all pen can be clip. Thus, this case is true)

Hence, "Some pen is book but not paper" is false.

12

Direction: In the following question, three statements are given and there are four conclusions given in the options. Find the correct conclusion among the five options. 

Statements:

I) Some good is bad.

II) No bad is happy.

III) Some happy is sad.

  1. ((a))

    No good is sad

  2. ((b))

    Some good is happy

  3. ((c))

    Some good is not happy

  4. ((d))

    All sad is happy

  5. ((e))

    Either 2 or 3

Show Answer
Answer: ((c))

Some good is not happy

The least possible Venn diagram for the given statements is as follows:

Conclusions:

I) No good is sad → False (as there is no direct relation is given between good and sad so we cannot determine the answer. Thus, this case is considered as false)

II) Some good is happy → False (as it is possible but not definite. Thus, this case is false)

III) Some good is not happy → True (as we can see that some good which is bad is not happy. So, the case is definitely true)

IV) All sad is happy → False (as we know that some sad is happy but all sad is happy is possible but not definite Hence, this case is false)

Hence, "Some good is not happy" is the correct statement.

13

Direction: In the following question, three statements are given and there are fiour conclusions given in the options. Find the correct conclusion among the five options. 

Statements:

I) Only a few A are B.

II) Only B is C.

III) Some B are D.

  1. ((a))

    Some D is C

  2. ((b))

    Some D is A

  3. ((c))

    All B can be A

  4. ((d))

    All B can never be A is a possibility

  5. ((e))

    None of these

Show Answer
Answer: ((e))

None of these

The least possible Venn diagram for the given statements is as follows:

Conclusions:

I) Some D is C → False (as we know that only B is C that means all C is B and C does not intersect with anyone. Thus, the statement is false)

II) Some D is A → False (as there is no direct relation is given between A and D. It is possible but not definite. So we cannot determine the answer. Thus, this case is considered as false)

III) All B can be A → False (as we know that only B is C that means no C is A. So, the part of B which is C cannot be  A. Therefore, all B cannot be A)

IV) All B can never be A is a possibility → False (as we know that only B is C that means no C is A. So, the part of B which is C is not A. Therefore, all B cannot be A is a definite case not possibility) 

Hence, none of the conclusions follow.

Direction: Study the following information carefully and answer the given questions.

Eight person A, B, C, D, E, F, H, and I live in a four-story building. Each floor has two flats X and Y. Flat X is in the west of flat Y. Each of them lives in different flats. The topmost floor is number 4 and the bottommost floor is number 1. No two persons name starting with consecutive alphabet lives neither in a consecutive floor nor in same floor. If in the question it is mentioned that one person lives between A and B it means they live in same type of flat. If it is mentioned that one floor is between A and B it means they might live in same type of flat or in different types of flats. They ordered different food items – pizza, burger, sandwich, pastry, cutlet, roll, noodles, salad not necessarily in the same order.

Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles. The one ordered pizza lives in flat X. I neither ordered sandwich nor ordered noodles. C does not ordered cutlet. The one ordered noodles lives on the 3rd floor. Sandwich is ordered by the one who lives in the south of the one who ordered roll. D neither ordered cutlet nor ordered burger. The one ordered cutlet does not live below A. The one order roll lives in the west of D who lives on even number floor. A lives in the same type of flat with F. C does not order pastry.

14

Who lives two floor above the one who ordered salad?

  1. ((a))

    A

  2. ((b))

    I

  3. ((c))

    E

  4. ((d))

    F

  5. ((e))

    Either A or I

Show Answer
Answer: ((c))

E

  1. The one ordered noodles lives on the 3rd floor.

  2. Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles.

Which means if the one who ordered noodles lives in flat X then B would live at flat Y and also below the floor of that person.

Case ICase II
FloorXYXY
4(Pastry)(Pastry)
3(Noodles)(Noodles)
2
1BB

 

  1. The one order roll lives in the west of D who lives on even number floor.

  2. Sandwich is ordered by the one who lives in the south of the one who ordered roll.

Case I (a) will be cancelled as C cannot be either at 2nd or at 3rd floor because of given condition.

Case I (a)Case IICase I (b)
FloorXYXYXY
4(Roll)D (Pastry)(Pastry)(Pastry)
3(Noodles)(Noodles)(Noodles)
2(Roll)D(Roll)D
1BB (Sandwich)(Sandwich)B

 

  1. C does not order pastry. C lives at 4th floor as D lives in 2nd floor so C can’t be at floor 3.

We can say that E lives at 4th floor as D lives at 2nd floor.

  1. The one ordered pizza lives in flat X.

  2. D neither ordered cutlet nor ordered burger. So, D ordered salad.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3(Pizza)(Noodles)(Noodles)
2(Roll)D (Salad)(Roll)D (Salad)
1B (Sandwich)(Sandwich)B

 

  1. A lives in the same type of flat with F.

If in case II A lives in flat Y then certainly F will live in flat Y. Which means I and H live consecutive floors of flat X, which is a contradiction.

  1. I neither ordered sandwich nor ordered noodles.
Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B

 

  1. The one ordered cutlet does not live below A.

  2. C does not ordered cutlet. So, case II will be cancelled.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I (Cutlet)
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B (Burger)

 

The final solution is,

Case I (b)
FloorXY
4C (Pizza)E (Pastry)
3A (Noodles)I (Cutlet)
2F (Roll)D (Salad)
1H (Sandwich)B (Burger)

 

 

               

 

 

 

 

 

 

 

                                      

Hence, E lives two floor above the one who ordered salad.

15

How many persons live between A and F? 

  1. ((a))

    1

  2. ((b))

    2

  3. ((c))

    They live on the same floor

  4. ((d))

    They live on consecutive floor

  5. ((e))

    None of these

Show Answer
Answer: ((d))

They live on consecutive floor

  1. The one ordered noodles lives on the 3rd floor.

  2. Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles.

Which means if the one who ordered noodles lives in flat X then B would live at flat Y and also below the floor of that person.

Case ICase II
FloorXYXY
4(Pastry)(Pastry)
3(Noodles)(Noodles)
2
1BB

 

  1. The one order roll lives in the west of D who lives on even number floor.

  2. Sandwich is ordered by the one who lives in the south of the one who ordered roll.

Case I (a) will be cancelled as C cannot be either at 2nd or at 3rd floor because of given condition.

Case I (a)Case IICase I (b)
FloorXYXYXY
4(Roll)D (Pastry)(Pastry)(Pastry)
3(Noodles)(Noodles)(Noodles)
2(Roll)D(Roll)D
1BB (Sandwich)(Sandwich)B

 

  1. C does not order pastry. C lives at 4th floor as D lives in 2nd floor so C can’t be at floor 3.

We can say that E lives at 4th floor as D lives at 2nd floor.

  1. The one ordered pizza lives in flat X.

  2. D neither ordered cutlet nor ordered burger. So, D ordered salad.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3(Pizza)(Noodles)(Noodles)
2(Roll)D (Salad)(Roll)D (Salad)
1B (Sandwich)(Sandwich)B

 

  1. A lives in the same type of flat with F.

If in case II A lives in flat Y then certainly F will live in flat Y. Which means I and H live consecutive floors of flat X, which is a contradiction.

  1. I neither ordered sandwich nor ordered noodles.
Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B

 

  1. The one ordered cutlet does not live below A.

  2. C does not ordered cutlet. So, case II will be cancelled.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I (Cutlet)
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B (Burger)

 

The final solution is,

Case I (b)
FloorXY
4C (Pizza)E (Pastry)
3A (Noodles)I (Cutlet)
2F (Roll)D (Salad)
1H (Sandwich)B (Burger)

 

 

               

 

 

 

 

 

 

 

                                      

Hence, A and F live on consecutive floor.

16

Find the correct statement.

I) A ordered noodles.

II) E lives immediately above D.

III) H lives on 1st floor.

  1. ((a))

    Only I

  2. ((b))

    Only II

  3. ((c))

    Only III

  4. ((d))

    Only I and III

  5. ((e))

    Only I and II

Show Answer
Answer: ((d))

Only I and III

  1. The one ordered noodles lives on the 3rd floor.

  2. Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles.

Which means if the one who ordered noodles lives in flat X then B would live at flat Y and also below the floor of that person.

Case ICase II
FloorXYXY
4(Pastry)(Pastry)
3(Noodles)(Noodles)
2
1BB

 

  1. The one order roll lives in the west of D who lives on even number floor.

  2. Sandwich is ordered by the one who lives in the south of the one who ordered roll.

Case I (a) will be cancelled as C cannot be either at 2nd or at 3rd floor because of given condition.

Case I (a)Case IICase I (b)
FloorXYXYXY
4(Roll)D (Pastry)(Pastry)(Pastry)
3(Noodles)(Noodles)(Noodles)
2(Roll)D(Roll)D
1BB (Sandwich)(Sandwich)B

 

  1. C does not order pastry. C lives at 4th floor as D lives in 2nd floor so C can’t be at floor 3.

We can say that E lives at 4th floor as D lives at 2nd floor.

  1. The one ordered pizza lives in flat X.

  2. D neither ordered cutlet nor ordered burger. So, D ordered salad.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3(Pizza)(Noodles)(Noodles)
2(Roll)D (Salad)(Roll)D (Salad)
1B (Sandwich)(Sandwich)B

 

  1. A lives in the same type of flat with F.

If in case II A lives in flat Y then certainly F will live in flat Y. Which means I and H live consecutive floors of flat X, which is a contradiction.

  1. I neither ordered sandwich nor ordered noodles.
Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B

 

  1. The one ordered cutlet does not live below A.

  2. C does not ordered cutlet. So, case II will be cancelled.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I (Cutlet)
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B (Burger)

 

The final solution is,

Case I (b)
FloorXY
4C (Pizza)E (Pastry)
3A (Noodles)I (Cutlet)
2F (Roll)D (Salad)
1H (Sandwich)B (Burger)

 

 

               

 

 

 

 

 

 

 

                                      

Hence, both I and III are true.

17

Find the correct combination.

  1. ((a))

    I - 3rd floor - flat X

  2. ((b))

    B - 1st floor - flat X

  3. ((c))

    C - 4th floor - flat Y

  4. ((d))

    D - 2nd floor - flat Y

  5. ((e))

    None of these

Show Answer
Answer: ((d))

D - 2nd floor - flat Y

  1. The one ordered noodles lives on the 3rd floor.

  2. Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles.

Which means if the one who ordered noodles lives in flat X then B would live at flat Y and also below the floor of that person.

Case ICase II
FloorXYXY
4(Pastry)(Pastry)
3(Noodles)(Noodles)
2
1BB

 

  1. The one order roll lives in the west of D who lives on even number floor.

  2. Sandwich is ordered by the one who lives in the south of the one who ordered roll.

Case I (a) will be cancelled as C cannot be either at 2nd or at 3rd floor because of given condition.

Case I (a)Case IICase I (b)
FloorXYXYXY
4(Roll)D (Pastry)(Pastry)(Pastry)
3(Noodles)(Noodles)(Noodles)
2(Roll)D(Roll)D
1BB (Sandwich)(Sandwich)B

 

  1. C does not order pastry. C lives at 4th floor as D lives in 2nd floor so C can’t be at floor 3.

We can say that E lives at 4th floor as D lives at 2nd floor.

  1. The one ordered pizza lives in flat X.

  2. D neither ordered cutlet nor ordered burger. So, D ordered salad.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3(Pizza)(Noodles)(Noodles)
2(Roll)D (Salad)(Roll)D (Salad)
1B (Sandwich)(Sandwich)B

 

  1. A lives in the same type of flat with F.

If in case II A lives in flat Y then certainly F will live in flat Y. Which means I and H live consecutive floors of flat X, which is a contradiction.

  1. I neither ordered sandwich nor ordered noodles.
Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B

 

  1. The one ordered cutlet does not live below A.

  2. C does not ordered cutlet. So, case II will be cancelled.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I (Cutlet)
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B (Burger)

 

The final solution is,

Case I (b)
FloorXY
4C (Pizza)E (Pastry)
3A (Noodles)I (Cutlet)
2F (Roll)D (Salad)
1H (Sandwich)B (Burger)

 

 

               

 

 

 

 

 

 

 

                                      

Hence, D - 2nd floor - flat Y is the correct combination.

18

Who has ordered Burger?

  1. ((a))

    A

  2. ((b))

    B

  3. ((c))

    C

  4. ((d))

    D

  5. ((e))

    E

Show Answer
Answer: ((b))

B

  1. The one ordered noodles lives on the 3rd floor.

  2. Two persons live between the one who ordered pastry and B who does not live either above the floor or in the same type of flat with the one who ordered noodles.

Which means if the one who ordered noodles lives in flat X then B would live at flat Y and also below the floor of that person.

Case ICase II
FloorXYXY
4(Pastry)(Pastry)
3(Noodles)(Noodles)
2
1BB

 

  1. The one order roll lives in the west of D who lives on even number floor.

  2. Sandwich is ordered by the one who lives in the south of the one who ordered roll.

Case I (a) will be cancelled as C cannot be either at 2nd or at 3rd floor because of given condition.

Case I (a)Case IICase I (b)
FloorXYXYXY
4(Roll)D (Pastry)(Pastry)(Pastry)
3(Noodles)(Noodles)(Noodles)
2(Roll)D(Roll)D
1BB (Sandwich)(Sandwich)B

 

  1. C does not order pastry. C lives at 4th floor as D lives in 2nd floor so C can’t be at floor 3.

We can say that E lives at 4th floor as D lives at 2nd floor.

  1. The one ordered pizza lives in flat X.

  2. D neither ordered cutlet nor ordered burger. So, D ordered salad.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3(Pizza)(Noodles)(Noodles)
2(Roll)D (Salad)(Roll)D (Salad)
1B (Sandwich)(Sandwich)B

 

  1. A lives in the same type of flat with F.

If in case II A lives in flat Y then certainly F will live in flat Y. Which means I and H live consecutive floors of flat X, which is a contradiction.

  1. I neither ordered sandwich nor ordered noodles.
Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B

 

  1. The one ordered cutlet does not live below A.

  2. C does not ordered cutlet. So, case II will be cancelled.

Case IICase I (b)
FloorXYXY
4E (Pastry)CC (Pizza)E (Pastry)
3A (Pizza)H (Noodles)A (Noodles)I (Cutlet)
2F (Roll)D (Salad)F (Roll)D (Salad)
1B (Sandwich)IH (Sandwich)B (Burger)

 

The final solution is,

Case I (b)
FloorXY
4C (Pizza)E (Pastry)
3A (Noodles)I (Cutlet)
2F (Roll)D (Salad)
1H (Sandwich)B (Burger)

 

 

               

 

 

 

 

 

 

 

                                      

Hence, B ordered burger.

19

Each vowel in the word "REMARKABLE" is replaced by the next letter and each consonant are changed to their previous letter as per the English alphabet series. Which of the following letter will be second to the left of A after rearrangement?

  1. ((a))

    J

  2. ((b))

    B

  3. ((c))

    Q

  4. ((d))

    L

  5. ((e))

    F

Show Answer
Answer: ((a))

J

Given word: REMARKABLE

Vowels in the word: E A A E

After replacing the vowel with the next letter: F B B F

Consonant in the word: R M R K B L

After replacing consonants their previous letter: Q L Q J A K

After replacing all the letters according to the condition we get: Q F L B Q J B A K F

Hence, J is second to the left of A.

20

Direction: Study the following information carefully and answer the question given below:

Five persons A, G, K, L and S purchase some items one after other. Two persons bought between A and the one who bought Chair. S does not buy wallet. G purchase immediately before K but none of them bought Chair. Three persons bought between the one who purchase chair and the one who purchase table. Only two persons bought between the one who purchase wallet and the one who purchase table. Bag is purchased immediately before perfume. Only two persons bought between L and the one who purchase perfume.

Who among the following purchase Perfume?

  1. ((a))

    G

  2. ((b))

    A

  3. ((c))

    S

  4. ((d))

    L

  5. ((e))

    K

Show Answer
Answer: ((b))

A

  1. Bag is purchased immediately before perfume.

  2. Only two persons bought between L and the one who purchase perfume.

DAYCase 1Case 2Case 3
PersonItemPersonItemPersonItem
Day 1BagL
Day 2PerfumeL
Day 3Bag
Day 4BagPerfume
Day 5LPerfume

 

  1. Three persons bought between the one who purchase chair and the one who purchase table. (thus, case 1 and case 2 considered as false)
DAYCase 3
PersonItem
Day 1L
Day 2
Day 3Bag
Day 4Perfume
Day 5

 

  1. Only two persons bought between the one who purchase wallet and the one who purchase table.

  2. Two persons bought between A and the one who bought Chair.

  3. G purchase immediately before K but none of them bought Chair.

  4. S does not buy wallet.

DAYCase 3
PersonItem
Day 1LChair
Day 2Gwallet
Day 3KBag
Day 4APerfume
Day 5STable

 

Hence, A perfume is the correct answer.

21

DIRECTIONS: The given question is followed by two statements. You have to find out which statement(s) is/are sufficient to answer the following question, Read the information carefully and answer accordingly

Seven people live in a building, where bottommost floor is numbered as one and the top floor is numbered as seven. How many people live between Kavya and Poonam.

I Kavya lives above Nishtha. Two people live above Nishtha. Four people live between Pooja and Poonam. Two people live between Nishtha and Poonam.

II. One person lives below Aditi. Five people live between Poonam and Sucheta. Three people live between Aditi and Kavya.

  1. ((a))

    Only statement I is sufficient

  2. ((b))

    Only statement II is sufficient

  3. ((c))

    Both statement I and II together are sufficient

  4. ((d))

    Both statement I and II together are not sufficient

  5. ((e))

    Both statement I and II alone are not sufficient

Show Answer
Answer: ((a))

Only statement I is sufficient

Seven floors are there in a building,

Statement I : Kavya lives above Nishtha. Two people live above Nishtha. Four people live between Pooja and Poonam. Two people live between Nishtha and Poonam.

7Pooja
6Kavya
5Nishtha
4
3
2Poonam
1

Three people live between Poonam and Kavya, Hence statement I alone is sufficient to answer the question.

Statement II: One person lives below Aditi. Five people live between Poonam and Sucheta. Three people live between Aditi and Kavya.

Case ICase II
7PoonamSucheta
6KavyaKavya
5
4
3
2AditiAditi
1SuchetaPoonam

 

There might be None or Four people sitting Poonam and Kavya. Nothing sure can be concluded about it, Hence statement II alone is not sufficient to answer.

Hence, Only statement I alone is sufficient.

22

DIRECTIONS: The given question is followed by two statements. You have to find out which statement(s) is/are sufficient to answer the following question, Read the information carefully and answer accordingly.

Geeta is in which direction of Deepa?

I. Arti is south of Pushpa who is west to Deepa who is to the south of Geeta who is south- east of Chia.

II. Bali is to the North of Arti and Deepa is to west of Bali. Esha is to the south of Deepa. Bali is to the south of Geeta.

  1. ((a))

    Only statement I alone is sufficient to answer 

  2. ((b))

    Only statement II alone is sufficient to answer

  3. ((c))

    Both the statements I and II alone are sufficient to answer

  4. ((d))

    Both the statements I and II together are sufficient to answer

  5. ((e))

    Both statements I and II together are not sufficient to answer

Show Answer
Answer: ((c))

Both the statements I and II alone are sufficient to answer

Statement I : Arti is south of Pushpa who is west to Deepa who is to the south of Geeta who is south- east of Chia.

Geeta is to the north of Deepa, Hence statement I is sufficient to answer the question.

Statement II : Bali is to the North of Arti and Deepa is to west of Bali. Esha is to the south of Deepa. Bali is to the south of Geeta.

Geeta is to the north east of Deepa, Hence statement II is sufficient to answer the question.

Hence, Statement I and II alone are sufficient to answer.

Direction: Study the following information carefully and answer the given questions.

When a number and word arrangement machine is given an input of line number and word, it arranges them by following a certain rule and certain conditions. Following is an illustration of input and rearrangement.

Read the following information and answer the questions that follow.

INPUT: Another 110 68 help 93 can 105 should 37 Lion

Step 1: Should Another 111 69 help 92 can 104 36 Lion

Step 2: Should 37 Another 110 68 help 93 can 105 Lion

Step 3: Should 36 Lion Another 111 69 help 92 can 104

Step 4: Should 37 Lion 68 Another 110 help 93 can 105

Step 5: Should 36 Lion 69 help Another 111 92 can 104

Step 6: Should 37 Lion 68 help 93 Another 110 can 105

Step 7: Should 36 Lion 69 help 92 can Another 111 104

Step 8: Should 37 Lion 68 help 93 can 105 Another 110

Step 9:   19   36   12   69   08   92   03   104   01   111

Step 9 is the last step.

Find the output for the following input:

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

23

How many steps is required to complete the given input?

  1. ((a))

    09

  2. ((b))

    06

  3. ((c))

    08

  4. ((d))

    10

  5. ((e))

    07

Show Answer
Answer: ((d))

10

Conditions are as follows,

(I) Alphabet and numbers are arranged alternatively. Arrange the alphabet in reverse order (Z – A) and the number is arranging in ascending order. 

(II) If the number is the even then add one if the number is the odd then subtract one in every step in all the numbers.

(III) In the last step we put the values of the first letter of the word according to the previous word in the previous step.

Apply the same rule on the given input we get,

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

Step 1: orange 98 monkey 39 60 apple 18 58 banana elephant

Step 2: orange 19 99 monkey 38 61 apple 59 banana elephant

Step 3: orange 18 monkey 98 39 60 apple 58 banana elephant

Step 4: orange 19 monkey 38 99 61 apple 59 banana elephant

Step 5: orange 18 monkey 39 elephant 98 60 apple 58 banana

Step 6: orange 19 monkey 38 elephant 59 99 61 apple banana

Step 7: orange 18 monkey 39 elephant 58 banana 98 60 apple

Step 8: orange 19 monkey 38 elephant 59 banana 61 99 apple

Step 9: orange 18 monkey 39 elephant 58 banana 60 apple 98

Step 10:   15   19   13   38   05   59   02   61   01   99

Step 10 is the last step of the given input.

Hence, there are ten steps to complete the given input.

24

What is the position of the element ‘banana’ in the step 7?

  1. ((a))

    Sixth from the left

  2. ((b))

    Eight form the right

  3. ((c))

    fourth from the right

  4. ((d))

    second from the right

  5. ((e))

    sixth from right

Show Answer
Answer: ((c))

fourth from the right

Conditions are as follows,

(I) Alphabet and numbers are arranged alternatively. Arrange the alphabet in reverse order (Z – A) and the number is arranging in ascending order. 

(II) If the number is the even then add one if the number is the odd then subtract one in every step in all the numbers.

(III) In the last step we put the values of the first letter of the word according to the previous word in the previous step.

Apply the same rule on the given input we get,

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

Step 1: orange 98 monkey 39 60 apple 18 58 banana elephant

Step 2: orange 19 99 monkey 38 61 apple 59 banana elephant

Step 3: orange 18 monkey 98 39 60 apple 58 banana elephant

Step 4: orange 19 monkey 38 99 61 apple 59 banana elephant

Step 5: orange 18 monkey 39 elephant 98 60 apple 58 banana

Step 6: orange 19 monkey 38 elephant 59 99 61 apple banana

Step 7: orange 18 monkey 39 elephant 58 banana 98 60 apple

Step 8: orange 19 monkey 38 elephant 59 banana 61 99 apple

Step 9: orange 18 monkey 39 elephant 58 banana 60 apple 98

Step 10:   15   19   13   38   05   59   02   61    01   99

Step 10 is the last step of the given input.

Clearly, ‘banana’ is the fourth from the right in step 7.

25

Which step number would be the following input?

orange 18 monkey 98 39 60 apple 58 banana elephant

  1. ((a))

    Step 6

  2. ((b))

    Step 8

  3. ((c))

    Step 9

  4. ((d))

    Step 4

  5. ((e))

    Step 3

Show Answer
Answer: ((e))

Step 3

Conditions are as follows,

(I) Alphabet and numbers are arranged alternatively. Arrange the alphabet in reverse order (Z – A) and the number is arranging in ascending order. 

(II) If the number is the even then add one if the number is the odd then subtract one in every step in all the numbers.

(III) In the last step we put the values of the first letter of the word according to the previous word in the previous step.

Apply the same rule on the given input we get,

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

Step 1: orange 98 monkey 39 60 apple 18 58 banana elephant

Step 2: orange 19 99 monkey 38 61 apple 59 banana elephant

Step 3: orange 18 monkey 98 39 60 apple 58 banana elephant

Step 4: orange 19 monkey 38 99 61 apple 59 banana elephant

Step 5: orange 18 monkey 39 elephant 98 60 apple 58 banana

Step 6: orange 19 monkey 38 elephant 59 99 61 apple banana

Step 7: orange 18 monkey 39 elephant 58 banana 98 60 apple

Step 8: orange 19 monkey 38 elephant 59 banana 61 99 apple

Step 9: orange 18 monkey 39 elephant 58 banana 60 apple 98

Step 10:   15   19   13   38   05   59   02   61   01   99

Step 10 is the last step of the given input.

Hence, the step 3 of the given input is Orange 18 monkey 99 38 61 apple 59 banana elephant.

26

What is the difference between the second element from the right and the second element from the left in Step 5?

  1. ((a))

    36

  2. ((b))

    40

  3. ((c))

    56

  4. ((d))

    80

  5. ((e))

    39

Show Answer
Answer: ((b))

40

Conditions are as follows,

(I) Alphabet and numbers are arranged alternatively. Arrange the alphabet in reverse order (Z – A) and the number is arranging in ascending order. 

(II) If the number is the even then add one if the number is the odd then subtract one in every step in all the numbers.

(III) In the last step we put the values of the first letter of the word according to the previous word in the previous step.

Apply the same rule on the given input we get,

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

Step 1: orange 98 monkey 39 60 apple 18 58 banana elephant

Step 2: orange 19 99 monkey 38 61 apple 59 banana elephant

Step 3: orange 18 monkey 98 39 60 apple 58 banana elephant

Step 4: orange 19 monkey 38 99 61 apple 59 banana elephant

Step 5: orange 18 monkey 39 elephant 98 60 apple 58 banana

Step 6: orange 19 monkey 38 elephant 59 99 61 apple banana

Step 7: orange 18 monkey 39 elephant 58 banana 98 60 apple

Step 8: orange 19 monkey 38 elephant 59 banana 61 99 apple

Step 9: orange 18 monkey 39 elephant 58 banana 60 apple 98

Step 10:   15   19   13   38   05   59   02   61   01   99

Step 10 is the last step of the given input.

In step 5,

Second from left: 58

Second from right: 18

Difference between them: 58 – 18 = 40.

27

which of the following steps will be the last of the give input?

  1. ((a))

    15   19   13   38   05   59   02   61   01   99

  2. ((b))

    14   18   12   39   05   59   02   60   01   99

  3. ((c))

    15   20   13   38   06   59   03   61   02   98

  4. ((d))

    14   19   18   19   13   38   05   59   60   98

  5. ((e))

    15   19   14   38   05   59   02   61   01   99

Show Answer
Answer: ((a))

15   19   13   38   05   59   02   61   01   99

Conditions are as follows,

(I) Alphabet and numbers are arranged alternatively. Arrange the alphabet in reverse order (Z – A) and the number is arranging in ascending order. 

(II) If the number is the even then add one if the number is the odd then subtract one in every step in all the numbers.

(III) In the last step we put the values of the first letter of the word according to the previous word in the previous step.

Apply the same rule on the given input we get,

INPUT: 99 monkey 38 61 apple 19 orange 59 banana elephant

Step 1: orange 98 monkey 39 60 apple 18 58 banana elephant

Step 2: orange 19 99 monkey 38 61 apple 59 banana elephant

Step 3: orange 18 monkey 98 39 60 apple 58 banana elephant

Step 4: orange 19 monkey 38 99 61 apple 59 banana elephant

Step 5: orange 18 monkey 39 elephant 98 60 apple 58 banana

Step 6: orange 19 monkey 38 elephant 59 99 61 apple banana

Step 7: orange 18 monkey 39 elephant 58 banana 98 60 apple

Step 8: orange 19 monkey 38 elephant 59 banana 61 99 apple

Step 9: orange 18 monkey 39 elephant 58 banana 60 apple 98

Step 10:   15   19   13   38   05   59   02   61   01   99

Step 10 is the last step of the given input.

Hence, the last step of the given input is 15   19   13   38   05       59   02   61   01   99.

28

Directions: In the question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.

Statement:

The popularity of social media has been spreading all over the world. Social media sites like Facebook, Snapchat, Instagram, and WhatsApp have impacted the lives of people, especially of teenagers. But they are using social media so much that it is becoming an addiction which is changing their behavior and ruining their daily routine. Also, the excessive use of social media is causing Anxiety, Depression and other mental health issues. Because of all these, nowadays, the cons of social media are more highlighted than the pros.

Assumptions:

I. Banning social media platforms is the only solution to help the young generation get back to their routine life.

II. Social media platforms can be used by people of any age.

  1. ((a))

    Only assumption I follows but assumption II does not follow

  2. ((b))

    Only assumption II follows but assumption I does not follow

  3. ((c))

    Both assumption I and II follow

  4. ((d))

    Neither assumption I nor II follows

  5. ((e))

    Either assumption I or II follows

Show Answer
Answer: ((b))

Only assumption II follows but assumption I does not follow

Only assumption II follows but assumption I does not follow.

From the given passage we can state that social media sites have both pros and cons. The problem is excessive usage. So, for that reason banning is probably not the solution. So, assumption I is invalid. But from the passage, we can also get to know that social media sites are being used by people from all over the world. Teenagers also use it. Hence, assumption II is implicit.

29

Directions: In the question below is given a statement followed by two assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.

Statement:

  1. Unemployment is one of the biggest problems in India. Our Govt. should take major steps to generate employment.

  2. Unemployment gives rise to poverty problem in our country. It also affects our economic growth.

Assumption:

I. Unemployment is the only problem which needs the attention of our Govt.

II. Generating employment can boost India’s economy.

  1. ((a))

    Only assumption I follows but assumption II does not follow

  2. ((b))

    Only assumption II follows but assumption I does not follow

  3. ((c))

    Both assumption I and assumption II follow

  4. ((d))

    Neither assumption I nor assumption II follows

  5. ((e))

    Either assumption I or assumption II follows

Show Answer
Answer: ((b))

Only assumption II follows but assumption I does not follow

only assumption II follows but assumption I does not follow.

In the given statements, from statement 1 it is clear that unemployment is one of the biggest problems in India which needs the attention of the Govt. But we can't say it is the only problem which needs to be solved by our Govt. So, assumption I does not follow.

From both of the statements it is clear that unemployment gives rise to poverty in India. So, we can say that to boost India's economy we should generate employment. So, assumption II follows.

30

Direction: In the question below, a few statements are given depicting an issue or a problem. You have to assume everything in the statements to be true even if they are at variance from commonly known facts, and on the basis of the information given in the statements, decide which of the suggested courses of action logically follows for pursuing.

Statement: The number of deaths in road accidents in Bihar increased by 6.33% last year compared to 2018, according to the latest data from the state transport department. The cases of road accidents have also increased by 7.07% in the state last year. As per the department's figures, a total of 7,155 persons died in 9,979 road accidents in 2019 against 6,729 deaths in 9,600 road accidents in 2018.

Which of the following will not be a valid course of action to be taken by the state government to decrease road accidents in the state?

  1. ((a))

    The government must display more safety norms on the highways in the state.

  2. ((b))

    The government must appeal to people not to drive at a high speed.

  3. ((c))

    The government should impose hefty fines on people violating traffic rules in the state.

  4. ((d))

    The government should construct bumpers on the roads to decrease the speed of vehicles.

  5. ((e))

    The government should allow only two-and four wheelers to drive at a high speed.

Show Answer
Answer: ((e))

The government should allow only two-and four wheelers to drive at a high speed.

Displaying more safety norms on the highways, appealing to people not to drive at high speeds, imposing hefty fines on people violating traffic rules, and constructing bumpers on the roads to decrease the speed of vehicles by the state government, all these actions will result in a decrease in road accidents in the state.

Allowing only two-and four wheelers to drive at a high speed will result in an increase in road accidents instead of decreasing. 

Thus apart from 5), all will be valid courses of action to be taken by the state government to decrease road accidents.

Hence, the correct answer is The government should allow only two-and four wheelers to drive at a high speed.

General Knowledge, Current Affairs (30 questions)

31

Rajiv Gandhi Stadium of which city will be upgraded as Khelo India State Centre of Excellence under the Khelo India Scheme?

  1. ((a))

    Imphal

  2. ((b))

    Aizawl

  3. ((c))

    Agartala

  4. ((d))

    Gangtok

  5. ((e))

    Kolkata

Show Answer
Answer: ((b))

Aizawl

  • Aizawl’s Rajiv Gandhi Stadium will be upgraded as Khelo India State Centre of Excellence under the Khelo India Scheme.
  • The Sports Ministry plans to establish one KISCE in each state and UT, with an effort to create a robust sporting ecosystem in the entire country.
  • This will be a platform for multiplying existing talents in the region towards India’s dream of excellence in the Olympics.
  • Mizoram:
  • State Animal - Sumatran serow.
  • State Bird - Mrs Hume's pheasant.
  • National Parks - Murlen National Park, Blue Mountain National Park.
32

Which of the following showcased a tableau for the first time in Republic Day Parade 2023?

  1. ((a))

    Central Bureau of Investigation

  2. ((b))

    Research and Analysis Wing

  3. ((c))

    Intelligence Bureau

  4. ((d))

    Narcotics Control Bureau

  5. ((e))

    None of these

Show Answer
Answer: ((d))

Narcotics Control Bureau

The correct answer is Narcotics Control Bureau.

In News

  • First-time events in Republic Day Parade 2023.

Key Points

  • For the first time, 12 women riders were part of the Camel Contingent of the Border Security Force.
  • The "Daredevils" Motor Cycle Riders from the Corps of Signals were co-led by a woman officer.
  • Agniveers were also a part of the parade for the first time.
  • Narcotics Control Bureau showcased a tableau for the first time.
  • Navy's IL-38 was showcased for the first and last time.
  • A thrilling flypast by fighter jets including Rafale and Su-30s, trick motorcycle riding led by a woman, and marching contingents enthralled the spectators during the Republic Day parade here at the Kartavya Path.
  • President Droupadi Murmu took the salute at the 74th Republic Day while Egypt President Abdel Fattah El-Sisi was the chief guest for this year’s parade.
  • A contingent of the Egyptian army also formed part of the parade.
  • In all, there were 16 marching contingents from the Armed Forces, Central Para Military Forces, Delhi Police, National Cadet Corps, National Social Service(NSS) along with 19 military, Pipes and Drums Bands.
  • Also, 27 tableaux of various States, Departments and Armed Forces participated.
  • The Indian Army was represented by Mounted Columns of 61 Cavalry, nine mechanized columns, six marching contingents and a fly past by helicopters of Army Aviation.
  • Three Param Vir Chakra and three Ashok Chakra awardees participated in this year's Parade.
  • The mounted columns of 61 Cavalry consist of 51 Horses while the Arjun tanks, Nag Missile System, two BMP vehicles, three Quick Reaction Fighting Vehicles (QRFV), Two K-9 Vajra Self Propelled Howitzer Guns, one Brahmos missile, two 10m Short Span Bridges, a Mobile Microwave Node and Mobile Network Centre each and Two Akash missile system showcased India’s military prowess.

Additional Information

  • Narcotics Control Bureau:
  • It is an Indian central law enforcement and intelligence agency.
  • It comes under the Ministry of Home Affairs, Government of India.
  • The agency is tasked with combating drug trafficking and the use of illegal substances under the provisions of the Narcotic Drugs and Psychotropic Substances Act.
  • Headquarters: New Delhi
  • Founded: 17 March 1986
33

The Beating Retreat ceremony, held at Vijay Chowk in New Delhi on 29 January 2023, witnessed the country’s biggest Drone Show comprising ________ indigenous drones.

  1. ((a))

    2500

  2. ((b))

    3000

  3. ((c))

    3500

  4. ((d))

    4000

  5. ((e))

    4500

Show Answer
Answer: ((c))

3500

​The correct answer is 3500.

In News

  • To mark the formal end of this Republic Day 2023 celebrations, the Beating Retreat ceremony was held at Vijay Chowk in New Delhi on 29 January 2023.

Key Points

  • President Droupadi Murmu, the Supreme Commander of the Armed Forces joined the ‘Beating the Retreat’ ceremony.
  • The event witnessed the country’s biggest Drone Show comprising 3,500 indigenous drones.
  • According to the Ministry of Defence**, 29 captivating and foot-tapping Indian tunes** were played by the music bands of the Army, the Navy, the Air Force, the State Police, and the Central Armed Police Force (CAPF).
  • On the facade of the North and South Block, for the first time, a 3D anamorphic projection was organised during Beating Retreat ceremony.
  • The ceremony started in the early 1950s.
  • Major Roberts of the Indian Army indigenously developed the unique ceremony of display by the massed bands.
34

Who is the author of the book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor?”

  1. ((a))

    Meghnad Desai

  2. ((b))

    Dr Ashwin Fernandes

  3. ((c))

    Vikram Sampath

  4. ((d))

    Tamal Bandyopadhyay

  5. ((e))

    None of these

Show Answer
Answer: ((a))

Meghnad Desai

​The correct answer is Meghnad Desai.

In News

  • India-born British economist Meghnad Desai has authored a new book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor.”

Key Points

  • It highlights how the discipline of economics, since the time it evolved from the late 18th century, systematically kept the interests of the poor at the periphery.
  • The book is published by HarperCollins Publishers India.

Additional Information

BooksAuthors
India’s Knowledge Supremacy: The New DawnDr Ashwin Fernandes
COACHING BEYOND: My Days with the Indian Cricket TeamR. Kaushik & R. Sridhar
JadunamaArvind Mandloi
Human AnatomyDr Ashvini Kumar Dwivedi
Roller Coaster: An Affair with BankingTamal Bandyopadhyay
Revolutionaries: The Other Story of How India Won Its FreedomSanjeev Sanyal
Ambedkar: A LifeShashi Tharoor
Bravehearts of Bharat: Vignettes from Indian HistoryVikram Sampath
Forging Mettle: Nrupender Rao and the Pennar StoryPavan C. Lall
Beyond The Misty Veil, Temple Tales of UttarakhandAradhana Johri
The McMahon line: A century of discordJJ Singh
Crunch Time: Narendra Modi’s National Security CrisesDr Sreeram Chaulia
35

Which country will chair the next BRICS summit 2023?

  1. ((a))

    Russia

  2. ((b))

    India 

  3. ((c))

    South Africa

  4. ((d))

    Brazil

  5. ((e))

    China

Show Answer
Answer: ((c))

South Africa

The correct answer is South Africa.

Key Points

  • The full form of  BRICS is Brazil, Russia, India, China, and South Africa.
  • Initially, in 2009 there were only four countries. (BRIC)
  • South Africa joined in 2010.
  • It is associated with five emerging economies of the world that have a significant influence on regional affairs.
  • It was formed in 2009 and since then the governments of these 5 countries met annually at formal summits.
  • So, From 2010 Countries involved chairs the BRICS summits according to sequence of B-R-I-C-S.
  • As, in 2021 India chaired the 13th BRICS Summit, next initial is C So, this year, in 2022 China Chaired the Summit. Next year South Africa will host this Summit.
36

______ defeated England of the following nations in the finals of ICC U-19 Women’s T20 World Cup?

  1. ((a))

    Australia

  2. ((b))

    New Zealand

  3. ((c))

    India

  4. ((d))

    Bangladesh

  5. ((e))

    Sri Lanka

Show Answer
Answer: ((c))

India

The correct answer is India.

Key Points

  • India defeated England in the ICC U-19 Women’s T20 World Cup.
  • India became the first-ever ICC Under-19 Women’s T20 World Cup winners on 29 January 2023.
  • India had won the toss and elected to bowl first.
  • The team was captained by Shafali Verma.
  • Indian player Shweta Sehrawat scored the most runs in the Under-19 Women's T20 World Cup 2023.
  • She scored 292 runs in 6 matches.
  • Player of the match was given to Titas Sadhu.
  • India defeated England by seven wickets to win the tournament.

Additional Information

  • The 2023 ICC Under-19 Women's T20 World Cup was the first edition of the ICC Women's Under-19 Cricket World Cup.
  • It was hosted by South Africa.
37

What is the length of the SSLV launched by ISRO to place an Earth Observation Satellite (EOS-02) in August 2022?

  1. ((a))

    34 m

  2. ((b))

    57m

  3. ((c))

    42m

  4. ((d))

    75m

  5. ((e))

    25m

Show Answer
Answer: ((a))

34 m

The correct answer is 34m.

Key Points

  • Indian Space Research Organisation (ISRO) launched its first 34m tall Small Satellite Launch Vehicle (SSLV) to place an Earth Observation Satellite (EOS-02) in August 2022.
  • ISRO also launched the student satellite AzaadiSAT.
  • Both were launched from Satish Dhawan Space Centre (SDSC), Sriharikota, Andhra Pradesh.

Important Points

  • ISRO is headquartered in Bengaluru, Karnataka.
  • Sreedhara Panicker Somanath is the Chairman of the ISRO.
  • ISRO has the world's largest constellation of remote-sensing satellites.
38

___________ is a certification mark issued by the Bureau of Indian Standards (BIS) for products which are ecologically safe and adheres to the standards prescribed by the BIS.

  1. ((a))

    AGMARK

  2. ((b))

    ECO MARK

  3. ((c))

    MPEDA

  4. ((d))

    None of these

  5. ((e))

    Both 1) and 3)

Show Answer
Answer: ((b))

ECO MARK

ECO MARK is a certification mark issued by the Bureau of Indian Standards (BIS) for products that are ecologically safe and adhere to the standards prescribed by the BIS.

Important Points

ECO Mark Scheme

  • It was instituted by the Government of India for labeling environment-friendly products.
  • The Scheme is being administered by the Bureau of Indian Standards.
  • The Scheme covers various product categories like Soaps and Detergents, Paints, Food Items, Lubricating Oils, Packing/Packaging Materials, Architectural Paints and Powder Coatings, Batteries, Electrical and Electronic Goods, Food Additives, Wood Substitutes, Cosmetics, Aerosols and Propellants, Plastic Products, Textiles, Fire-extinguisher, Leather and Coir & Coir Products.
  • The presence of ECO Logo along with ISI Mark on a product indicates that the product meets certain Environmental criteria along with the Quality requirements as specified in the relevant Indian Standard.

Additional Information AGMARK

  • AGMARK, or Agriculture Mark, is the certification mark to assure the quality of agricultural products in India.
  • AGMARK acts as a third-party guarantee for the agricultural products that are produced and consumed in India.
  • The main objective is to provide consumers with quality, unadulterated products.
  • The grading can be used for both domestic and export purposes.

MPEDA

  • MPEDA regulates exports and market promotion of marine products outside India.
  • It is mandated to take all measures required for ensuring sustained, quality seafood exports from the country including carrying out the inspection of marine products, implementation of financial assistance schemes for infrastructure development for better preservation & modernized processing, fixing standards, specifications, and imparting training to fishermen, fish processing workers, aquaculture farmers, and other stakeholders in the fields related to fisheries.
39

The 49th GST Council made recommendations relating to GST compensation. In this context, Government of India has decided to clear the entire pending balance GST compensation of Rs.____________ for June’2022.

  1. ((a))

    15,670 crore

  2. ((b))

    12,447 crore

  3. ((c))

    10,500 crore

  4. ((d))

    13,726 crore

  5. ((e))

    16,982 crore

Show Answer
Answer: ((e))

16,982 crore

The correct answer is 16,982 crore.

In News

  • The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi on February 18.

Key Points

  • The meeting was also attended by Union Minister of State for Finance Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislature) and senior officers of the Ministry of Finance & States/ UTs.
  • The GST Council has, inter-alia, made recommendations relating to GST compensation, GST Appellate Tribunal, approval of the Report of Group of Ministers (GoM) on Capacity Based Taxation and Special Composition Scheme in certain Sectors on GST, recommendations relating to GST rates on Goods and Services and other measures for facilitation of trade.
  • In the context of GST compensation, Government of India has decided to clear the entire pending balance GST compensation of Rs. 16,982 crore for June’2022.
  • Since, there is no amount in the GST compensation Fund, Centre decided to release this amount from its own resources and the same will be recouped from the future compensation cess collection.
  • With this release, Centre would clear the entire provisionally admissible compensation due for five years as envisaged in the GST (Compensation to States) Act’2017.
  • In addition, Centre would also clear the admissible final GST compensation to those States who has provided the revenue figures as certified by the Accountant General of the States amounting to Rs. 16,524 crore.

Additional Information

  • The Goods and Services Tax (GST) came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government.
  • The GST replaced existing multiple taxes levied by the central and state governments.
  • The tax rates, rules and regulations are governed by the GST Council which consists of the finance ministers of the central government and all the states.
40

The Vallarpadam Terminal, which is a container trans-shipment facility, was launched in February 2011. It is a part of which among the following ports? 

  1. ((a))

    Cochin Port

  2. ((b))

    Visakhapatnam Port

  3. ((c))

    None of above

  4. ((d))

    Chennai Port

  5. ((e))

    JNPT

Show Answer
Answer: ((a))

Cochin Port

The Correct Answer is Cochin Port.

Key Points

  • India’s maritime sector is of significant size with 13 major ports (12 Government-owned and one private) and 205 non-major ports present along the coastline spanning 7516.6 km.
  • Vallarpadam Terminal:
  • It is a part of the Cochin Port in Kochi, Kerala. It is located on Vallarpadam Island.
  • It was built with an investment of about Rs. 3,200 crores, shared by the government and the Dubai-government-owned entity (Dubai Ports World).
  • It was opened in February 2011 and can handle cargo up to one million TEUs (Twenty-foot equivalent units) per annum.

Additional Information

  • Trans-shipment Hub:
  • It is a terminal at a port that handles containers, stores them temporarily, and transfers them to other ships for their onward destination.
  • It basically acts as a switching point for cargo carried by deep-sea vessels operating on trans-continental trade routes.
41

Union Home Minister Amit Shah recently visited the Indian National Army (INA) headquarters at ____________ in Manipur's Bishnupur district and hoisted the national flag.

  1. ((a))

    Tamenglong

  2. ((b))

    Ukhrul

  3. ((c))

    Lamlai

  4. ((d))

    Moirang

  5. ((e))

    Heirok

Show Answer
Answer: ((d))

Moirang

The correct answer is 'Moirang'.

Key Points

  • Union Home Minister Amit Shah on January 06 visited the Indian National Army (INA) headquarters at Moirang in Manipur's Bishnupur district and hoisted the national flag.
  • Mr.Shah also paid floral tributes to a photograph of Netaji Subhas Chandra Bose at the memorial. He was accompanied by Chief Minister N Biren Singh.
  • He is scheduled to address the public, and inaugurate and lay the foundation stone for projects worth Rs 1,300 crore.
  • Earlier in the day, he inaugurated a medical college in Churachandpur, the first in the hill district, and unveiled a 120-foot-tall statue of a polo player riding a pony at Marjing Polo Complex in Manipur's Imphal East district.
  • Manipur is considered the birthplace of the Polo game.

Additional Information

  • The Indian National Army (INA) was a collaborationist armed unit of Indian collaborators that fought under the command of the Japanese Empire.
  • It was founded on 1 September 1942 in Southeast Asia during World War II.
  • It fought under the command of the Japanese military in the British campaign in the Southeast Asian theatre of WWII, with it's aim was to secure Indian independence from British rule.
42

The Headquarters of the UNESCO is at _________

  1. ((a))

    New York

  2. ((b))

    Geneva

  3. ((c))

    Paris

  4. ((d))

    Rome

  5. ((e))

    Dhaka

Show Answer
Answer: ((c))

Paris

The correct answer is Paris.

Key Points

  • The United Nations Educational, Scientific and Cultural Organization (UNESCO) is a specialized agency of the United Nations (UN).
  • It aims to promote world peace and security through international cooperation in education, science and culture.
  • It has 193 member states and 11 associate members, as well as partners in the non-governmental, intergovernmental and private sectors.
  • Headquartered at the World Heritage Center in Paris, France.
  • UNESCO was established in 1945 as the successor to the International Committee of the League of Nations on Intellectual Cooperation.

Additional Information

OrganizationHeadquartersEstablished
United Nations Development Programme (UNDP)New York City, USA1965
United Nations Environment Programme (UNEP)Nairobi, Kenya1972
United Nations Population Fund (UNPF)New York City, USA1969
United Nations Human Settlement Programme (UN-Habitat)Nairobi, Kenya1978
United Nations Children's Fund (UNICEF)New York City, USA1946
World Food Programme (WFP)Rome, Italy1961
Food and Agriculture Organization (FAO)Rome, Italy1945
43

Which of the following countries has been ranked first in the rating of passports 'Passport Index 2022' published recently by Arton Capital?

  1. ((a))

    Sweden

  2. ((b))

    Japan

  3. ((c))

    Germany

  4. ((d))

    UAE

  5. ((e))

    France

Show Answer
Answer: ((d))

UAE

The correct answer 'UAE'.

Key Points

  • Passport Index 2022 published by published by Arton Capital is the ranking of the world's strongest and weakest passports. The passport rankings tell you the number of countries you can enter without acquiring a visa.
  • India has ranked 87 in the list, while UAE ranked first.
  • With a UAE passport travelers can enter to 180 countries hassle-free, seven more than European countries such as Germany and Sweden, and nine more than Japan.
  • The Passport Index methodology is based on the 139 members of the United nations and six territories were considered for the list.
  • The data is based on on official information provided by governments, updated in real-time with intelligence obtained through crowdsourcing and enhanced with proprietary research from highly credible sources.
  • UAE is followed by Germany, Sweden, Finland, Luxembourg, Spain, France. While Afghanistan stood last, Pakistan stood at 94.

Additional Information

  • Arton Capital is a global citizenship financial advisory services firm based in Montreal, Canada.
  • Founded in 2006 by Armand Arton, the firm has a number of services dedicated to “Global Citizenship”, with a particular focus on investor programs.
  • The firm facilitates residence and citizenship programs.
  • It brokers investment agreements, and runs several assessment tools, including the Passport Index, a real-time ranking of the world’s passports.
44

A green comet, termed C/2022 E3 (ZTF), is estimated to come closest to Earth after how many years?

  1. ((a))

    30,000

  2. ((b))

    40,000

  3. ((c))

    50,000

  4. ((d))

    60,000

  5. ((e))

    None of the above

Show Answer
Answer: ((c))

50,000

The correct answer is 50,000.

In News

  • A green comet, termed C/2022 E3 (ZTF), is estimated to come closest to Earth after 50,000 years.

Key Points

  • The comet is estimated to come closest to Earth around February 2.
  • Termed the C/2022 E3 (ZTF), the comet was named to refer to those who first spotted it – astronomers using the wide-field survey camera at the Zwicky Transient Facility (ZTF) in the US, in March 2022.
  • The comet could be visible with telescopes and binoculars, and might even be visible to the naked eye under a clear night sky.

Additional Information

  • Comets:
  • They are frozen rocky or gas-filled objects that are remnants of the formation of the solar system.
  • Due to their composition, characteristics and the path they move in, they tend to leave a light “behind them”.
  • Just like other bodies in space, comets also have orbits.
  • They are sometimes pulled in close to the sun because of the sun’s gravity acting on them
  • As they orbit near the Sun, they heat up and spew gases and dust into a glowing head that can be larger than a planet.
  • The remains of dust following this burning up, from a distance, look like a trail of light to humans on Earth.
  • Comets, therefore, have often been seen giving out blue or whiteish light, or even green.
  • About Green Comet:
  • Orbits sun in 50,000 years.
  • It comes from the Oort cloud.
  • It gets its beautiful green glow from diatomic carbon that is present in the comet’s head.
  • When the ultraviolet rays of solar radiation fall on the comet, these molecules emit green light.
45

Union Minister for Civil Aviation Jyotiraditya Scindia recently launched Digi Yatra from the Indira Gandhi International Airport, New Delhi for three airports in the country, namely New Delhi, _______________ and Bengaluru.

  1. ((a))

    Hyderabad

  2. ((b))

    Bhopal

  3. ((c))

    Chennai

  4. ((d))

    Varanasi

  5. ((e))

    Mumbai

Show Answer
Answer: ((d))

Varanasi

The correct answer is 'Varanasi'.

Key Points

  • Union Minister for Civil Aviation Jyotiraditya Scindia, on December 1, launched Digi Yatra from the Indira Gandhi International Airport, New Delhi for three airports in the country, namely New Delhi, Varanasi and Bengaluru.
  • Digi Yatra is conceived to achieve contactless, seamless processing of passengers at airports based on Facial Recognition Technology (FRT).
  • With Digi Yatra, India will now stand in the ranks of world class airports like Heathrow in London and Atlanta in United States of America.
  • Digi Yatra in the first phase, will be launched at 7 airports. However, it has been initially launched at 3 airports i.e., Delhi, Bengaluru and Varanasi today, to be followed by 4 airports namely Hyderabad, Kolkata, Pune, and Vijayawada by March 2023.
  • Later it would be implemented across various airports in the country.
  • The service is presently being launched for domestic flights passengers only.

Additional Information

  • The Digi Yatra project conceived by Digi Yatra Foundation under the Ministry of Civil Aviation, envisages a traveller today pass through various check points at the airports through a paperless and contactless processing using facial features to establish her identity which could be linked to the boarding pass.
  • To use this facility, one-time registration on Digi Yatra app is required using Aadhar based validation and a self-image capture.
  • There is no central storage of Personally Identifiable Information (PII). Passenger’s ID and travel credentials are stored in a secure wallet in the passenger’s smartphone itself.
  • The uploaded data will utilise blockchain technology and all the data will be purged from the servers within 24 hours of use.
46

In which city, the 17th Pravasi Bhartiya Divas will be held in January 2023?

  1. ((a))

    Bhopal

  2. ((b))

    Lucknow

  3. ((c))

    Nagpur

  4. ((d))

    Indore

  5. ((e))

    Mumbai

Show Answer
Answer: ((d))

Indore

The correct answer is Indore.

Key Points

  • The 17th Pravasi Bhartiya Divas (PBD) will be held in Indore in January 2023.
  • It is celebrated every year on 9th January to mark the contribution of the overseas Indian community in the development of India.
  • It also commemorates the return of Mahatma Gandhi from South Africa to India on 9 January 1915.
  • 16th PBD (2021) Chief Guest: Chandrikapersad Santokhi, President of Suriname.

Additional Information

  • The 'Pravasi Bharatiya Divas' was organised for the first time in 2003.
  • ​In 2006, the concept of Overseas Citizen of India (OCI) was launched during the Pravasi Bharatiya Divas convention at Hyderabad on 9 January.
  • In 2015, it was decided to celebrate 'Pravasi Bharatiya Divas' every two years.
  • On this day, the Government also confers Pravasi Bharatiya Samman Award.
  • 'Pravasi Bharatiya Divas' is sponsored by the Ministry of Overseas Indian Affairs and the CII (Confederation of Indian Industry).
47

The Union Cabinet has approved the extension of the term of ________ Law Commission of India up to 31st August 2024.

  1. ((a))

    20th

  2. ((b))

    21st

  3. ((c))

    22nd

  4. ((d))

    23rd

  5. ((e))

    24th

Show Answer
Answer: ((c))

22nd

​​The correct answer is 22nd.

In News

  • The Union Cabinet has approved the extension of the term of the Twenty-second Law Commission of India up to 31st August 2024.

Key Points

  • The Law Commission of India is a non-statutory body constituted by the Government from time to time.
  • The tenure of the present Twenty-second Law Commission of India ended on 20 February 2023

Additional Information

  • Law Commission of India:
  • The Law Commission of India is an executive body established by an order of the Government of India.
  • The commission's function is to research and advise the government on legal reform, and is composed of legal experts, and headed by a retired judge.
  • It is established for a fixed tenure.
  • It was formed for the first time in 1834.
  • Justice Ritu Raj Awasthi is the Chairman of 22nd Law Commission.
  • The Chairperson and Members of the Twenty-second Law Commission have joined office recently and have taken up several pending projects for examination.
  • It will consist of the same composition, which is as under:
  • a full-time Chairperson;
  • four full-time Members (including Member-Secretary)
  • Secretary, Department of Legal Affairs as ex-officio Member
  • Secretary, Legislative Department as ex officio Member
  • Not more than five part-time Members
48

Padma Awards 2021: Which of the following combinations of a number of awards is correct?

I. Padmavibhushan - 8

II. Padma Shri - 100

  1. ((a))

    Only I

  2. ((b))

    Only II

  3. ((c))

    Both I and II

  4. ((d))

    Neither I nor II

  5. ((e))

    Either I or II

Show Answer
Answer: ((d))

Neither I nor II

The correct answer is Neither I nor II.

Key Points

List of Padma Awardees 2021:

  • Padma Vibhushan- 7
  • Padma Bhushan -10
  • Padma Shri Awardees -102
  • Of these, 29 of the awardees are women, 16 Posthumous awardees and 1 transgender awardee

Additional Information

​Padma Awards

  • The Padma Awards are one of the highest civilian honors of India announced annually on the eve of Republic Day.
  • The Awards are given in three categories:
  • Padma Vibhushan (for exceptional and distinguished service)
  • Padma Bhushan (distinguished service of higher order) and
  • Padma Shri (distinguished service)
  • The award seeks to recognize achievements in all fields of activities or disciplines where an element of public service is involved.
49

Which district has become the first district in India to 100% link the Aadhaar number with a Voter ID card?

  1. ((a))

    Pipariya

  2. ((b))

    Burhanpur

  3. ((c))

    Bhopal

  4. ((d))

    Chhindwara

  5. ((e))

    None of the above

Show Answer
Answer: ((b))

Burhanpur

The correct answer is Burhanpur.

Key Points:

  • Burhanpur became 1st district in the state to link the Aadhar numbers with 100% voter ID cards.
  • Apart from Burhanpur, the Pipariya assembly constituency has also completed the linking work 100%.
  • The campaign to link Aadhar numbers with voter ID cards is running since 1st August.
  • No. of voters in the assembly constituencies of Burhanpur is 555715.
  • No. of voters in the Pipariya assembly constituency is 212073.
  • Chief Electoral Officer of Madhya Pradesh: Anupam Ranjan.
50

Who has been nominated by U.S. President Joe Biden to become president of the World Bank?

  1. ((a))

    Ajay Banga 

  2. ((b))

    Shantanu Narayan 

  3. ((c))

    Leena Nair 

  4. ((d))

    Parag Agrawal 

  5. ((e))

    None of these

Show Answer
Answer: ((a))

Ajay Banga 

The correct answer is Ajay Banga.

In News

  • US nominates former Mastercard CEO Ajay Banga for World Bank president.

Key Points

  • U.S. President Joe Biden on 24 February 2023, nominated business executive Ajay Banga to become president of the World Bank.
  • Ajay Banga is currently appointed as the vice chairman at private equity firm General Atlantic.
  • He has more than 30 years of business experience in handling different roles at Mastercard and the boards of the American Red Cross, Kraft Foods and Dow Inc.

Additional Information

  • World Bank:
  • Headquarters: Washington, D.C., United States
  • Founded: July 1944, Bretton Woods, New Hampshire, United States
  • Parent organization: World Bank Group
  • Founders: John Maynard Keynes, Harry Dexter White
  • President: David Malpass
51

As per the Kantar Brands Most Valuable Global Brands report 2022, which Indian company/organization is not in the list of top 100?

  1. ((a))

    Tata Consultancy Services

  2. ((b))

    HDFC Bank

  3. ((c))

    Life Insurance Corporation

  4. ((d))

    Infosys

  5. ((e))

    Reliance Industries Limited

Show Answer
Answer: ((e))

Reliance Industries Limited

The correct answer is ‘Reliance Industries Limited (RIL)’

Key Points

  • IT services and banking companies have retained top positions in the Kantar Brands, 2022 Most Valuable Global Brands report.
  • This year the number of Indian brands in the Global Top 100 rose to four: Tata Consultancy Services (TCS), HDFC Bank, Infosys, and Life Insurance Corporation (LIC).
  • That’s more than the amount that Japan, Italy, or the UK placed – combined, said the report.
  • TCS jumped 12 positions to 46th position from 58th in 2021 and its brand value was up 61 percent.
  • TCS is now valued at $199 billion, almost equal to its peer Accenture.
  • HDFC Bank’s rank was up five positions and its brand value increased 35 percent.
  • However, life insurance player LIC saw its rank slip from 19 positions to 92, and its brand value was down by 4 percent compared to 2021.
  • Infosys made its debut on the list at 64th position with a brand value of $33,551 billion, up 33 percent.
52

Who has been elected as the president of Auto industry body 'Society of Indian Automobile Manufacturers' (SIAM) for 2022-23?

  1. ((a))

    Kenichi Ayukawa

  2. ((b))

    Vinod Aggarwal

  3. ((c))

    Zaheer Poonawala

  4. ((d))

    Sathish Reddy

  5. ((e))

    None of the above

Show Answer
Answer: ((b))

Vinod Aggarwal

The correct answer is Vinod Aggarwal.

Key Points

  • Auto industry body Society of Indian Automobile Manufacturers (SIAM) on 15 Sept 2022 elected Vinod Aggarwal as its new president for 2022-23.
  • Aggarwal, the MD and CEO of Volvo Eicher Commercial Vehicles, succeeds Maruti Suzuki India Executive Vice Chairman Kenichi Ayukawa.
  • SIAM is the apex national body representing all major vehicle manufacturers in India.

Additional Information​ 

  • Important Appointments:
  • American Express Corp on 12 September 2022 appointed Sanjay Khanna as the chief executive officer & country manager for India.
  • Nagesh Singh, an Indian Foreign Service officer of the 1995 batch, has been appointed as India’s next ambassador to Thailand.
  • In August 2022, Vikram K. Doraiswami was also appointed as India’s new High Commissioner to the United Kingdom.
  • Sanjay Arora, director general of the ITBP and a 1988-batch IPS officer, has been appointed as the new Delhi Police Commissioner.
  • IFS officer of the 1994 batch Pranay Kumar Verma has been appointed as India’s next High Commissioner to Bangladesh.
  • Govt of Bangladesh has appointed Mustafizur Rahman as the next High Commissioner of Bangladesh to India.
  • The Public Enterprises Selection Board (PESB) panel has appointed Brajesh Kumar Upadhyay as Chairman & Managing Director (CMD) of Goa Shipyard Limited (GSL).
  • Retired IAS officer and former Drinking Water and Sanitation Secretary Parameswaran Iyer has been appointed as the new Chief Executive Officer of NITI Aayog.
53

India's first intranasal Covid vaccine by_________ received DCGI approval on Tuesday for primary immunization against the infection for people above the age of 18.

  1. ((a))

    Serum Institute of India

  2. ((b))

    Biocon

  3. ((c))

    Bharat Biotech

  4. ((d))

    Pfizer

  5. ((e))

    Moderna

Show Answer
Answer: ((c))

Bharat Biotech

The correct answer is 'Bharat Biotech.'

Key Points

  • Bharat Biotech's intranasal COVID-19 vaccine candidate, BBV-154, has been approved by the Drugs Controller General of India (DCGI)
  • The DCGI had earlier given its nod to conduct clinical trials for BBIL's (Bharat Biotech International Limited) intranasal vaccine as a booster dose.
  • The drug regulator had also permitted the firm to conduct a phase-3 clinical trial to compare the immunogenicity and safety of BBV-154 (intranasal) with Covaxin.
  • Last week, the Subject Expert Committee (SEC) recommended Emergency Use Authorization (EUA) for Bharat Biotech's intranasal COVID-19 vaccine.
  • Krishna Ella, Chairman and Managing Director of the company, had said earlier that there was no single instance of side effect or adverse reaction reported so far.
  • Benefits of COVID-19 nasal vaccine:
  • Speaking about the benefit of nasal injection, Ella was earlier quoted by news agency PTI as saying that any injectable vaccine only protects the lower level (of the body). That's why people vaccinated with injectable vaccines may still get RT-PCR positive, whereas the nasal jab protects the whole body. Bharat Biotech also claimed that the "intranasal vaccine stimulates a broad immune response."
54

With reference to the Loss and Damage (L&D) fund, consider the following statements:

  1. It will compensate the most vulnerable countries for climate-linked disasters.
  2. The fund would only draw on contributions from private and public sources such as international financial institutions.
  3. The Warsaw International Mechanism (WIM) was the first formal acknowledgement of the need to compensate developing countries struck by climate disasters.

Which of the statements given above is/are correct?

  1. ((a))

    1 and 2 only

  2. ((b))

    2 and 3 only

  3. ((c))

    1 and 3 only

  4. ((d))

    1, 2 and 3

  5. ((e))

    None of the above

Show Answer
Answer: ((c))

1 and 3 only

The correct answer is 1 and 3 only

In News

  • Delegates at the UN’s climate conference COP27 in Sharm el-Sheikh, Egypt thrashed out an agreement to establish a loss and damage (L&D) fund to compensate the most vulnerable countries from climate-linked disasters.

Key Points‘Loss and Damages’ Fund

  • **COP27 established a ‘**Loss and Damages’ fund (L&D) for climate reparations.
  • It will compensate the most vulnerable countries for climate-linked disasters. Hence, statement 1 is correct.
  • It refers to the costs the rich and developed countries, which are majorly responsible for industrial emissions that pollute the environment, should pay to poorer nations that have made a negligible contribution to pollution but are more vulnerable to extreme climate events.
  • The expected monetary compensation from the L&D fund is estimated to be nearly $500 billion and rising by $200 billion annually.
  • Crucial questions such as who will manage this fund, whether contributions are expected from large developing countries and what the fair share of contributors will be — have been left to a “transitional committee”.
  • This committee will make recommendations for the adoption of the fund at the next Conference of the Parties (COP) of the UN’s Framework Convention for Climate Change COP 28, to be held in the UAE in 2023.
  • According to the agreement, the fund would initially draw on contributions from developed countries and other private and public sources such as international financial institutions. Hence, statement 2 is incorrect.
  • Warsaw International Mechanism (WIM):
  • The Warsaw International Mechanism (WIM) for Loss and Damages, set up in 2013, was the first formal acknowledgement of the need to compensate developing countries struck by climate disasters. ***Hence, statement 3 is correct.*
55

El-Nino develops in which of these oceans?

  1. ((a))

    Arctic Ocean

  2. ((b))

    Indian Ocean

  3. ((c))

    Atlantic Ocean

  4. ((d))

    Pacific Ocean

  5. ((e))

    Southern Ocean

Show Answer
Answer: ((d))

Pacific Ocean

The correct answer is Pacific Ocean.

Key Points:

EL- NINO:

  • El Nino (Spanish for Christ Child) is the occasional development of warm ocean surface waters along the coast of Ecuador and Peru in South America.
  • Even though El Nino occurs in the Pacific Ocean, it often reduces the number of hurricanes that form in the Atlantic Ocean. Conversely, La Niña events tend to be related to an increase in the number of Atlantic hurricanes.
  • Recently this development has been used for forecasting climatic conditions in different parts of the world.
  • The El Nino normally occurs around Christmas, roughly every 2 to 7 years, and lasts usually for a few weeks to a few months.
  • El Nino event is related to two important atmospheric circulation systems:  
  • Hadley Circulation: It features air rising near the Equator, flowing poleward at a height of 10 to 15 kilometers above the earth’s surface, descending in the subtropics, and then returning equatorward near the surface.
  • Walker Circulation: There is a stable low-pressure system above the western Pacific near South East Asia and a high-pressure system in the central Pacific.
  • This results in a constant westward flow of air masses from the area of high pressure to the area of low pressure. At higher altitudes, this air then flows directly eastward, oblique to the Hadley Circulation.
  • Due to the combined components of Walker Circulation and Hadley Circulation, there is a strong prevailing wind toward the west in the lower layers of the atmosphere, which maintains the stable coastal upwelling system off the coast in western South America.
  • El Nino and the Indian Monsoon rains are inversely related.
  • Development of a Weak El Nino | Current Affairs
56

The Union Government recently formed an apex panel of top officials to oversee the implementation of the 'Mission Karmayogi' programme in all ministries and departments. The apex panel will be chaired by ____________>

  1. ((a))

    Samant Goel

  2. ((b))

    Rajiv Gauba

  3. ((c))

    Sanjay Agrawal

  4. ((d))

    Rajesh Verma

  5. ((e))

    K Sanjay Murthy

Show Answer
Answer: ((b))

Rajiv Gauba

The correct answer is Rajiv Gauba.

In News

  • An apex panel comprising seven secretaries has been recently constituted by the union govt to monitor 'Mission Karmayogi' in February 2023.

Key Points

  • The apex panel is chaired by Cabinet Secretary Rajiv Gauba.
  • It will review the progress of the program and guide the government to train and upgrade the competencies of all civil servants to match the role.
  • A Cabinet Secretariat Coordination Unit (CSCU) was recently set up under the National Programme for Civil Services Capacity Building (NPCSCB) or Mission Karmayogi.
  • The CSCU will have as members a nominee of the Prime Minister’s Office (PMO), Secretary (coordination), Cabinet Secretariat, DoPT Secretary, Home Secretary, Expenditure Secretary, Environment, Forest and Climate Change Secretary, Higher Education Secretary and Revenue Secretary.

Additional Information

  • Mission Karmayogi was launched on 2nd September 2020 with the objective of enhancing governance through Civil Service Capacity Building.
  • Under the programme, officers are evaluated on the basis of the courses they take throughout their career to enhance their skill.
  • Public training institutions and universities have been enabled to be a part of this capacity-building measure.
57

With the implementation of the 'National Green Hydrogen Mission,' India’s Green Hydrogen production capacity is likely to reach at least ________ per annum

  1. ((a))

    5 MMT

  2. ((b))

    6 MMT

  3. ((c))

    7 MMT

  4. ((d))

    8 MMT

  5. ((e))

    None of the above

Show Answer
Answer: ((a))

5 MMT

The correct answer is 5 MMT.

Key Points

  • The implementation of the 'National Green Hydrogen Mission' is expected to get the following outcomes by 2030:
  • Development of green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country.​
  • The targets by 2030 are likely to bring in over Rs. 8 lakh crore investments and create over 6 lakh jobs.
  • Nearly 50 MMT per annum of CO2 emissions are expected to be averted by 2030.
  • As per the experts, 'fuel of the future - Green Hydrogen' could supply up to 25% of the world's energy needs by 2050 and become a 10 trillion-dollar addressable market by 2050.
  • The Prime minister has also set a 2047 deadline for becoming self-reliant in energy.
  • The government expects wide-ranging benefits, including the creation of export opportunities for Green Hydrogen and its derivatives.
  • Decarbonization of industrial, mobility, and energy sectors.
  • Reduction in dependence on imported fossil fuels and feedstock.
  • Development of indigenous manufacturing capabilities.
58

Recently in June 2022, INS Talwar was deployed for which operation during the 3rd continuous year in the Gulf for protection of India’s Maritime Interests?

  1. ((a))

    Op YUDHA

  2. ((b))

    Op SANKALP

  3. ((c))

    Op PRAHAR

  4. ((d))

    Op RAKSHA

  5. ((e))

    Op SEVA

Show Answer
Answer: ((b))

Op SANKALP

The correct answer is ‘Op SANKALP’

Key Points

  • INS Talwar is presently deployed for ‘Op SANKALP’ commemorating the 3rd continuous year of the Indian Navy’s presence in the Gulf for the protection of India’s Maritime Interests.
  • Indian Navy had commenced Maritime Security Operations, code named ‘Op SANKALP’, in the Gulf Region on 19 June 2019 to ensure safe passage of Indian Flag Vessels transiting through the Strait of Hormuz.
  • This operation is being conducted in the milieu of the deteriorating security situation in the Gulf region, post attacks on merchant ships in the Gulf of Oman in June 2019.
  • This operation is being progressed in close coordination with all stakeholders including the Ministry of Defence, the Ministry of External Affairs, the Ministry of Shipping, the Ministry of Petroleum and Natural Gas and the DG, Shipping.
  • Indian Navy continues to monitor the situation in the Gulf region and is maintaining a presence in the region to ensure the security of our sea-borne trade and the safety of Indian Flag Merchant Vessels transiting through the region.
  • The Indian Navy stands committed to the protection of the nation's Maritime Interests.
59

Which bank was recently authorized by RBI to undertake the government business on behalf of RBI?

  1. ((a))

    Tamilnad Mercantile Bank

  2. ((b))

    SBI

  3. ((c))

    Prathama Grameen Bank

  4. ((d))

    Punjab National Bank

  5. ((e))

    Bank of Baroda

Show Answer
Answer: ((a))

Tamilnad Mercantile Bank

The correct answer is Tamilnad Mercantile Bank.

Key Points

  • An agreement appointing TMBL as an agency bank of RBI to undertake government agency business was signed by RBI in Mumbai, Maharashtra.

Additional Information

  • ​MD and CEO: Thiru S. Krishnan
  • Headquarters: Thoothukudi, Tamil Nadu
60

A wide range of ICT services including Nationwide Communication Network for decentralised planning, improvement in Government services and wider transparency of national and local Governments is offered by:

  1. ((a))

    Project e-Governance Mission Team

  2. ((b))

    Ministry of Electronics and Information Technology

  3. ((c))

    National Knowledge Network

  4. ((d))

    National Informatics Centre

  5. ((e))

    None of the above

Show Answer
Answer: ((d))

National Informatics Centre

The correct answer is National Informatics Centre.

Key Points

  • A wide range of ICT services including Nationwide Communication Network for decentralised planning, improvement in Government services and wider transparency of national and local Governments is offered by National Informatics Centre.
  • National Informatics Centre (NIC) under the Ministry of Electronics and Information Technology (MeitY) is the technology partner of the Government of India.
  • NIC was established in the year 1976 by Narasimaiah Seshagiri under the Electonics Commission of India.
  • It is established with the objective to provide technology-driven solutions to Central and State Governments.
  • NIC is closely associated with the government in different aspects of governance by establishing a nationwide state-of-the-art ICT infrastructure and services for Central Government, State Governments, UT Administrations, Districts and other Government bodies.
  • It also manages the National Knowledge Network.
  • Shri Rajesh Gera is the Director General of National Informatics Centre, Ministry of Electronics & Information Technology.

Data Analysis & Interpretation (30 questions)

Directions: Read the following information carefully and answer the questions based on it.

The given line graph shows the number of students in six different states.

The given table shows the ratio of the number of students from two different schools (A and B) in these six states.

StatesThe ratio of students in schools A and B
P11: 5
Q2: 3
R2: 3
S1: 1
T3 : 7
U5:  11
61

Find the ratio of total number of students in School A and School B in all six states together.

  1. ((a))

    259: 330

  2. ((b))

    269: 331

  3. ((c))

    259: 301

  4. ((d))

    259: 331

  5. ((e))

    None of these

Show Answer
Answer: ((d))

259: 331

From the graph and table, we get:

StatesTotal StudentsSchool ASchool B
P16011050
Q1204872
R24096144
S320160160
T18054126
U16050110

Total students in School A = (110 + 48 + 96 + 160 + 54 + 50) = 518

Total students in School B = (50 + 72 + 144 + 160 + 126 + 110) = 662

Required ratio= 518 : 662 i.e., 259: 331

Hence, the correct answer is option 4.

62

Number of students in School A from State S is what percent of number of students from School B in State P and Q together?

  1. ((a))

    151.14%

  2. ((b))

    139.14%

  3. ((c))

    131.14%

  4. ((d))

    121.14%

  5. ((e))

    129.14%

Show Answer
Answer: ((c))

131.14%

From the graph and table, we get:

StatesTotal StudentsSchool ASchool B
P16011050
Q1204872
R24096144
S320160160
T18054126
U16050110

Number of students in School A in State S = 160

Number of students in School B in States P and Q together = (50 + 72) = 122

Required percentage = 160/122 x 100 = 131.14%

Hence, the correct answer is option 3.

63

If the ratio of male and female students in School B from State R is 7: 5 respectively, then the female students in School B from State R is what percent of total students from State R?

  1. ((a))

    31%

  2. ((b))

    37.5%

  3. ((c))

    33.5%

  4. ((d))

    25%

  5. ((e))

    None of these

Show Answer
Answer: ((d))

25%

From the graph and table, we get:

StatesTotal StudentsSchool ASchool B
P16011050
Q1204872
R24096144
S320160160
T18054126
U16050110

If the ratio of male and female students in School B from State R is 7: 5 respectively,

So number of females students = 5/12 x 144 = 60

Required percentage = 60/240 x 100 = 25%

Hence, the correct answer is option 4.

64

Find the difference between the total number of students in School A from States P, Q, and R together and the total number of students in School B from States S, T, and U together.

  1. ((a))

    142

  2. ((b))

    140

  3. ((c))

    139

  4. ((d))

    150

  5. ((e))

    None of these

Show Answer
Answer: ((a))

142

From the graph and table, we get:

StatesTotal StudentsSchool ASchool B
P16011050
Q1204872
R24096144
S320160160
T18054126
U16050110

Total number of students in School A from States P, Q, and R together = (110 + 48 + 96) = 254

Total number of students in School B from States S, T, and U together = (160 + 126 + 110) = 396

Required difference = (396 - 254) = 142

Hence, the correct answer is option 1.

65

Total number of students in School A from all six schools together is what percent of total number of students from all six states together?

  1. ((a))

    40%

  2. ((b))

    32%

  3. ((c))

    49%

  4. ((d))

    50%

  5. ((e))

    None of these

Show Answer
Answer: ((e))

None of these

From the graph and table, we get:

StatesTotal StudentsSchool ASchool B
P16011050
Q1204872
R24096144
S320160160
T18054126
U16050110

 Total number of students in School A from all six schools together = (110 + 48 + 96 + 160 + 54 + 50) = 518

Total number of students in all six schools together = (160 + 120 + 240 + 320 + 180 + 160) = 1180

Required percentage = 518/1180 x 100 = 43.89%

Hence, the correct answer is option 5.

66

The volume of a cube and a cuboid is 4 : 5 respectively. The ratio of the length of the cuboid to each edge of the cube is 2 : 1, and the ratio of the breadth of the cuboid to each edge of the cube is 1 : 2. If the height of the cuboid is 10 cm then find the difference between the total surface areas of the two figures?

  1. ((a))

    128 cm2

  2. ((b))

    136 cm2

  3. ((c))

    144 cm2

  4. ((d))

    154 cm2

  5. ((e))

    172 cm2

Show Answer
Answer: ((c))

144 cm2

Given 

<br>

Ratio of the volume of the cube to cuboid = 4 : 5 

<br>

The ratio of the length of the cuboid to each edge of the cube = 2 : 1 

<br>

The ratio of the breadth of the cuboid to each edge of the cube is 1 : 2  

<br>

The height of the cuboid = 10 cm  

<br>

Formulation   

<br>

Volume of cube = (Length of the edge)3   

<br>

Volume of cuboid = Length × Breadth × Height 

<br>

Total surface area of cube = 6 × (Length of the edge)2 

<br>

Total surface area of cuboid = 2 × (Length × Breadth + Breadth × Height + Length × Height)

<br>

Calculation  

<br>

Let the length of the cuboid and the length of the edge of the cube be 2x cm and x cm respectively. 

<br>

Therefore, the breadth of the cuboid = x/2 cm 

<br>

Volume of cube = x

<br>

Volume of cuboid = (2x) × (x/2) × 10 = 10x2 

<br>

So, x3/10x= 4/5 

<br>

⇒ x/10 = 4/5  

<br>

⇒ x = 8  

<br>

The total surface area of cube = 6 × (8) = 384 cm2  

<br>

The total surface area of cuboid = 2 × (16 × 4 + 4 × 10 + 10 × 16) = 528 cm2  

<br>

The difference between the total surface areas of the two figures = 528 - 384 = 144 cm2  

<br>

Hence, the correct answer is 144 cm2.

67

A boat started from a point A, and the speed of boat is 50 km/hour in still water and speed of the stream is 10 km/hour. After reaching to point B boat stopped for 30 minutes and after that come back to point A. The time taken by the boat in this journey is 15 hours and 30 minutes. What was the distance travel by the boat in one side?

  1. ((a))

    400 km

  2. ((b))

    260 km 

  3. ((c))

    300 km 

  4. ((d))

    360 km 

  5. ((e))

    None of these

Show Answer
Answer: ((d))

360 km 

Given

Speed of boat in still water = 50 km/hour

Speed of stream = 10 km/hour

Time taken by boat in total journey= 15 hours 30 minutes

Time of stoppage = 30 Minutes

Formula used

Time taken in travelling = Total time of journey – Stoppage time

Calculation

Time taken in travelling = 15 hours 30 minutes - 30 Minutes = 15 hours

Let the one side distance = x km

According to question

⇒ x/(50 + 10) + x/(50 – 10) = 15

⇒ x/60 + x/40 = 15

⇒ 2x + 3x = 15 × 120

⇒ x = 360 km

∴ Distance travelled by the boat in its one side journey is 360 km.

68

Sachin invested in scheme P at y% per annum at SI for 4 years and Scheme Q at 12% per annum at CI for 2 years. If the amount invested in both schemes are in the ratio of 3 : 5 respectively and the total interest received from both the schemes is 27.9% of the total amount invested together in both the schemes. Find the value of y.

  1. ((a))

     10%

  2. ((b))

     8%

  3. ((c))

     9%

  4. ((d))

     15%

  5. ((e))

     12%

Show Answer
Answer: ((b))

 8%

In scheme P at SI for 4 years at y % per annum 

 Then interest is 4y%

 In Scheme Q at CI for 2 years at 12% per annum

 CI is successive interest = 12% + 12% + 12×12%/ 100

  ⇒ 12% + 12 % + 1.44% = 25.44% 

 Amount invested in both schemes are in the ratio 3 : 5

 Then total investment is 5 unit + 3 unit = 8 unit 

 We get overall interest from both the schemes is 27.9 %

 Then 27.9% of 8 = (4y% of 3+ 25.44% of 5 )

   ⇒ 223.2 % = 12y % + 127.2 %

   ⇒ 223.2% - 127.2 % = 12y % 

   ⇒ 96% = 12y %

   ⇒ y = 8% 

 Hence, 8% is the correct answer.

69

The income of A and B is in the ratio 7 ∶ 8 and that of B and C is 4 ∶ 3. The ratio of savings of A and C is 4 ∶ 3 and the difference between the savings of B and C together to the savings A is Rs. 32,000. Find the salary of B if it is given their expenditure is equal.

  1. ((a))

    56,000

  2. ((b))

    58,000

  3. ((c))

    49,000

  4. ((d))

    64,000

  5. ((e))

    None of these

Show Answer
Answer: ((d))

64,000

GIVEN :

The income of A and B is in the ratio 7 ∶ 8

The income of B and C is 4 ∶ 3.

The ratio of savings of A and C is 4 ∶ 3

The difference between the savings of B and C together to the savings A is Rs. 32,000.

 

CONCEPT :

Income = Expenditure + Saving

 

ASSUMPTION :

Income of A, B and C is 7x, 8x, 6x

Let their expenditure be y

Income = Expenditure + Saving

Savings of A = 7x – y

Savings of C = 6x – y

 

CALCULATION :

Ratio of A ∶ B = 7 ∶ 8

Ratio of B ∶ C = 4 ∶ 3

Now equating ratios of B we get

 (B ∶ C)x2 = 8 ∶ 6

 A ∶ B ∶ C = 7 ∶ 8 ∶ 6

⇒ Ratio of saving A and C = (7x – y)/(6x – y) = 4/3

⇒ 21x – 3y = 24x – 4y

⇒ y = 3x

⇒ Saving of A = 7x – 3x = 4x

⇒ Saving of B = 8x – 3x = 5x

⇒ Saving of C = 6x – 3x = 3x

Difference between the savings of B and C together to the savings A is 32,000

⇒ (5x + 3x) – (4x) = 32,000

⇒ 4x = 32,000

⇒ x = 8000

∴ Income of B = 8x = 8 × 8000 = Rs. 64,000

70

The ratio of the average of two series of five numbers each is 28:44. All five terms of the former series are consecutive multiples of 7, while all five terms of the latter series are consecutive multiples of 11. If the sum of their first term is 36, then what is the difference between the greatest term of the series divisible by 11 and the second greatest term of the series divisible by 7?

  1. ((a))

    29

  2. ((b))

    30

  3. ((c))

    31

  4. ((d))

    32

  5. ((e))

    33

Show Answer
Answer: ((c))

31

Let, the first series be x, (x + 7), (x + 14), (x+21) and (x+28)

Also second series be y, (y + 11), (y + 22), (y + 33) and (y+44)

Average of series divisible by 7

 x + (x + 7) + (x + 14) + (x+21) + (x+28)

= (5x+70)/5 = x+14

Average of series divisible by 11

 y+(y+11) + (y+22) + (y+33) + (y+44)

= (5y+110) /5 = y + 22

Also, given,

 (x+14) / (y+22) = 28 / 44

44x + 616 = 28y + 616

11 x = 7 y --- (1)

The sum of their first term is 36

 x + y = 36 --- (2)

From equation 1 and 2

y = 22   and x = 14

Series divisible by 7 is 14, 21, 28, 35, 42

Series divisible by 11 is 22, 33, 44, 55, 66

Difference between the greatest term of the series divisible by 11 and the second greatest term of the series divisible by 7

Required difference = 66 - 35 = 31

71

In the following question, two statements are numbered as A and B. On solving these statements, we get quantities A and B respectively. Solve both quantities and choose the correct option.

Quantity A: X and Y started a partnership business by investing in the ratio 5 ∶ 6. Z joined them after 4 months with an amount equal to 2/3rd of that of Y. What was their total profit at the end of the year, if Z got Rs. 28000 as his share?

Quantity B: Two friends P and Q started a business investing amount in the ratio of 5 : 6. R joined them after 6 months investing an amount equal to that of Q’s amount. At the end of year 20% profit was earned which was equal to Rs. 98,000. What was the amount invested by R?

  1. ((a))

    Quantity A ≥ Quantity B

  2. ((b))

    Quantity A ≤ Quantity B

  3. ((c))

    Quantity A < Quantity B

  4. ((d))

    Quantity A > Quantity B

  5. ((e))

    Quantity A = Quantity B or No relation

Show Answer
Answer: ((d))

Quantity A > Quantity B

Quantity A: 

Let the investment by X = 5x and Investment by Y = 6x

∴ Investment by Z = 6x × 2/3 = 4x

The ratio in which the profit would be shared = (5x × 12) ∶ (6x × 12) ∶ (4x × 8) = 15 ∶ 18 ∶ 8

Since the share of Z = Rs. 28000

∴ 8/41 × (Total profit) = 28000

⇒ Total profit = Rs. 143500

Quantity B:

20% of Profit = 98000

Total profit = 98000 × 100/20 = 490000

Let the amount invested by R be Rs.R.

Given,

P : Q = 5 : 6

Investment of P = 5A

Investment of Q = 6A

An annual investment of P and Q = 60A and 72A

Investment of R = 6A × 6 = 36A

Then, Ratio of profits of P, Q, and R is

60A : 72A : 36A = 5 : 6 : 3

⇒ 14 units = 490000 

⇒ 1 unit = 490000/14

⇒ 3 units = 35000 × 3 = 105000, which is R's profit.

⇒ R's investment = profit/time

⇒ 105000/6 = 17500 

Hence, the amount invested by R is Rs. 17500.

∴ Quantity A > Quantity B

72

Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose among the possible answers.

Quantity 1: A took a loan from B at the rate of 12 % p.a. on simple interest. After three years he had to pay Rs. 5100 for this period. The principal amount borrowed by him was:

<br>

Quantity 2: If for a certain sum the compound interest for 2 years at the rate of 12% per annum is 508.8 then find the principal.

  1. ((a))

    Quantity 1 > Quantity 2

  2. ((b))

    Quantity 1 < Quantity 2

  3. ((c))

    Quantity 1 ≤ Quantity 2

  4. ((d))

    Quantity 1 ≥ Quantity 2

  5. ((e))

    Either Quantity 1 = Quantity 2 or no relation can be established

Show Answer
Answer: ((a))

Quantity 1 > Quantity 2

Quantity 1:

Let P be the principal borrowed by A.

Simplest interest = Amount - P = (P × R × T)/100

⇒ (5100 - P) = P × 12 × 3/100

⇒ 34P/25 = 5100

⇒ P = Rs. 3750

Quantity 2:

Let P be the principal.

A = P(1 + R/100)2

(P + 508.8) = P(1 + 12/100)2

P + 508.8 = P × (28/25)2

P = Rs. 2000.

Quantity 1 > Quantity 2.

Directions: Answer the questions based on the information given below.

The pie chart given below shows the distribution of the number of 'JBL' headphones sold in a shop in 5 consecutive months of 2022.

Note : Total number of 'JBL' headphones sold by the shop in 'September' month is 7000.

73

What is the average number of 'JBL' headphones sold by the shop in all five months together?

  1. ((a))

    2500

  2. ((b))

    3000

  3. ((c))

    3500

  4. ((d))

    4000

  5. ((e))

    4500

Show Answer
Answer: ((d))

4000

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

 

The average number of 'JBL' headphones sold by the shop in all five months together = 20000/5 = 4000

Hence, the correct answer is 4000.

74

If each 'JBL' headphone sold by the shop in August month costs Rs. 250 to customers, then find the total revenue generated by the shop in August by selling all the headphones.

  1. ((a))

    Rs. 1000000

  2. ((b))

    Rs. 1250000

  3. ((c))

    Rs. 1500000

  4. ((d))

    Rs. 1750000

  5. ((e))

    Rs. 2000000

Show Answer
Answer: ((a))

Rs. 1000000

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

 

Total revenue generated by the shop in August by selling all the headphones = 250 × 4000 = 1000000 Rs.

Hence, the correct answer is 1000000 Rs.

75

If the number of 'BOAT' headphones sold by the same shop in 'August' is 20% more than the number of 'JBL' headphones sold by the same shop in the same month, then find the number of 'BOAT' headphones sold by the shop in 'August'?

  1. ((a))

    3000

  2. ((b))

    3600

  3. ((c))

    4000

  4. ((d))

    4200

  5. ((e))

    4800

Show Answer
Answer: ((e))

4800

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

 

The number of 'BOAT' headphones sold by the shop in 'August' = 4000 × 1.20 = 4800

Hence, the correct answer is 4800.

76

What is the ratio between the total number of 'JBL' headphones sold in 'September' and 'October' together to that in 'July' and 'November' together?

  1. ((a))

    4 : 3

  2. ((b))

    5 : 3

  3. ((c))

    6 : 5

  4. ((d))

    9 : 5

  5. ((e))

    11 : 3

Show Answer
Answer: ((b))

5 : 3

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

 

Required ratio = (7000 + 3000) : (5000 + 1000) = 5 : 3

Hence, the correct answer is 5 : 3.

77

If 60% of the total 'JBL' headphones sold by the shop in 'November' and 'October' was of 'Wireless' type then find the total number of 'Wireless' type of 'JBL' headphones sold by the shop in the given months together?

  1. ((a))

    2400

  2. ((b))

    3000

  3. ((c))

    3600

  4. ((d))

    4200

  5. ((e))

    4800

Show Answer
Answer: ((a))

2400

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

 

Total number of 'Wireless' type of 'JBL' headphones sold by the shop in 'November' and 'October' together = 60% × (3000 + 1000) = 2400

Hence, the correct answer is 2400.

78

Find the total number of 'JBL' headphones sold in October.

  1. ((a))

    1500

  2. ((b))

    3500

  3. ((c))

    3000

  4. ((d))

    2000

  5. ((e))

    1200

Show Answer
Answer: ((c))

3000

Let the total number of 'JBL' headphones sold by the shop in all five months together = 100%

Number of 'JBL' headphones sold by the shop in 'July' month = (90/360) × 100% = 25%

ATQ, (25% + 4x% + 7x% + 15% + 5%) = 100%

⇒ 11x = 55

⇒ x = 5

Number of 'JBL' headphones sold by the shop in 'September' month = 7x% = 35%

Number of 'JBL' headphones sold by the shop in 'September' month = 7000 (Given)

Therefore, 35% = 7000

⇒ 100% = 20000

Total number of 'JBL' headphones sold by the shop in all five months together = 20000

Putting all the values in a table we get

MonthNumber of 'JBL' headphones sold
July25% × 20000 = 5000
August20% × 20000 = 4000
September35% × 20000 = 7000
October15% × 20000 = 3000
November5% × 20000 = 1000

Total number of  'JBL' headphones sold in October = 3000

Hence, the correct answer is 3000.

79

P can complete a work in 30 days when working alone. P works for 6 days and then leaves. The remaining work is completed by Q and R in 12 days. If R alone can finish half of the work in 8 days, then find the number of days that Q will take to finish the whole work, working alone.

  1. ((a))

    80 days

  2. ((b))

    150 days

  3. ((c))

    240 days

  4. ((d))

    210 days

  5. ((e))

    75 days

Show Answer
Answer: ((c))

240 days

Given:

P can complete the work in 30 days.

R can finish half the work in 8 days.

P works for 6 days and then Q and R finish the work in 12 days

Calculation:

P's 1 day work = 1/30

⇒ 6 day work of P = 1/30 × 6

⇒1/5

∴ Remaining work = 1 - 1/5

⇒ 4/5

This 4/5 work is completed by Q and R in 12 days.

∴ Time taken by Q and R together to finish the whole work = 12 × 5/4

⇒ 15 days

Now, R finishes 1/2 work in 8 days

∴ R will finish the whole work alone in 8 × 2 days

⇒ 16 days.

∴ 1 day work of Q = 1/15 - 1/16

⇒ 1/240 units

∴ Time taken by Q to finish the whole work, working alone is 240 days.

80

Radhika has some money and she invested the money in two schemes A and B in ratio 2 : 5 for 2 years, scheme A offers 40% pa compound interest and scheme B offers 20% pa simple interest. Difference between the interest earned from both the schemes is Rs. 940. how much was invested in scheme B?

  1. ((a))

    Rs. 56480

  2. ((b))

    Rs. 45870

  3. ((c))

    Rs. 58750

  4. ((d))

    Rs. 58580

  5. ((e))

    Rs.  60580

Show Answer
Answer: ((c))

Rs. 58750

Given:

Money in two schemes A and B in ratio = 2 : 5

A offers = 40% pa CI

B offers = 20% pa simple interest

Difference between the interest earned from both the schemes = Rs. 940

Calculation:

Let the amount invested in Scheme A be 2 × 50 = 100

⇒ Let the amount invested in Scheme B be 5 × 50 = 250

⇒ Interest from scheme A = 100 × (1 + 40/100)2 = 196

⇒ 196 – 100 = 96

⇒ Interest from scheme B = 250 × 20% × 2 =100

⇒ Difference between interest = 100 – 96 = Rs. 4

⇒ Given difference is 940.

⇒ investment in scheme B = 250/4 × 940 = Rs. 58750

Investment in scheme B is Rs. 58750.

81

Manohar purchases two different pairs of bangles. The marked price on both bangles is the same and he sells the first pair at a 20% discount and another at a 18% discount. He earned a profit of 12% and 23% on both the set of bangles respectively. If the difference between the cost price of bangles is Rs 60 then find the average cost price of bangles.

  1. ((a))

    Rs 840

  2. ((b))

    Rs 920

  3. ((c))

    Rs 640

  4. ((d))

    Rs 780

  5. ((e))

    Rs 870

Show Answer
Answer: ((e))

Rs 870

Given:

Discounts = 20%, 18%

Profit = 12% and 23%

Formula used:

Marked price – (discount × marked price/ 100) = Selling price

S.P. = C.P. × (1 + (Profit%/ 100))

Calculation:

Let marked price of bangles be ‘X’

⇒ Discounted price of first set of bangles = 80X/ 100

⇒ Discounted price of second set of bangles = 82X/ 100

⇒ C.P. of first set of bangle = 80X/ 100 × (100/ (100 + 12)

⇒ 5X/ 7

⇒ C.P. of second set of bangle = 82X/ 100 × (100/ 100 + 23)

⇒ 2X/ 3

⇒ (5X/ 7) – (2X/ 3) = 60

⇒ 15X - 14X/ 21 = 60

⇒ X = 1260

⇒ C.P. of first bangles = Rs 900

⇒ C.P. of Second bangles = Rs 840

⇒ Avg c.p. = (900 + 840)/ 2

∴ avg c.p. = Rs 870

82

What approximate value should come in place of the question mark (?) in the following question?

2998.88 ÷ 101.02 – 4.999 × 2.8998 + 6.978 = ?

  1. ((a))

    32

  2. ((b))

    26

  3. ((c))

    28

  4. ((d))

    42

  5. ((e))

    22

Show Answer
Answer: ((e))

22

Follow BODMAS rule to solve this question, as per the order is given below:

Step-1: Parts of an equation enclosed in 'Brackets' must be solved first and in the bracket,

Step-2: Any mathematical 'Of' or 'Exponent' must be solved next,

Step-3: Next, the parts of the equation that contain 'Division' and 'Multiplication' are calculated,

Step-4: Last but not least, the parts of the equation that contain 'Addition' and 'Subtraction' should be calculated.

2998.88 ÷ 101.02 – 4.999 × 2.8998 + 6.978 = ?

Taking approximate values,

⇒ 3000 ÷ 100 – 5 × 3 + 7 = ?

⇒ 30 – 15 + 7 = ?

⇒ 37 – 15 = ?

∴ ? = 22

83

What approximate value should come in the place of the question mark (?) in the following question?

√675.99 × √575.96 – ? × 18.03 = 299.89

  1. ((a))

    12

  2. ((b))

    18

  3. ((c))

    28

  4. ((d))

    32

  5. ((e))

    24

Show Answer
Answer: ((b))

18

Follow BODMAS rule to solve this question, as per the order given below-

Step - 1: Parts of an equation enclosed in 'Brackets' must be solved first and following BODMAS rule in the bracket-

Step - 2: Any mathematical 'Of' or 'Exponent' must be solved next.

Step - 3: Next, the parts of the equation that contain 'Division' and 'Multiplication' are calculated.

Step - 4: Last but not least, the parts of the equation that contain 'Addition' and 'Subtraction' should be calculated.

Since we need to find out the approximate value,

we can write these values to their nearest integers.

Given expression is

√675.99 × √575.96 – ? × 18.03 = 299.89

√676 × √576 – ? × 18 = 300

⇒ 26 × 24 - ? × 18 = 300

⇒ 624 - ? × 18 = 300

⇒ ? × 18 = 324

∴  ? = 18

84

What approximate value should come in the place of question mark (?) in the following question?

59.96% of 3049.95 + 79.98% of 6049.95 = ?

  1. ((a))

    6430

  2. ((b))

    6520

  3. ((c))

    6930

  4. ((d))

    6670

  5. ((e))

    6180

Show Answer
Answer: ((d))

6670

Follow BODMAS rule to solve this question, as per the order given below, 

Step - 1: Parts of an equation enclosed in 'Brackets' must be solved first, and follow BODMAS rule in the bracket,

Step - 2: Any mathematical 'Of' or 'Exponent' must be solved next,

Step - 3: Next, the parts of the equation that contain 'Division' and 'Multiplication' are calculated,

Step - 4: Last but not least, the parts of the equation that contain 'Addition' and 'Subtraction' should be calculated.

Since, we need to find out the approximate value,

So, we can write these values to their nearest integers.

Given expression is

59.96% of 3049.95 + 79.98% of 6049.95 = ?

⇒ 60% of 3050 + 80% of 6050 = ?

⇒ 60/100 × 3050 + 80/100 × 6050 = ?

⇒ 1830 + 4840 = ?

⇒ 6670 = ?

85

What approximate value should come in place of the question mark (?) in the following question?

96.98 + 709.99 – 142.93 = 3.98 × ?

  1. ((a))

    154

  2. ((b))

    150

  3. ((c))

    166

  4. ((d))

    160

  5. ((e))

    172

Show Answer
Answer: ((c))

166

Concept Used:

Follow the BODMAS rule to solve this question, as per the order given below, 

Calculation:

96.98 + 709.99 – 142.93 = 3.98 × ?

⇒ (97 +7 10) – 143 = (4 × ?)

⇒ 807 – 143 = (4 × ?)

⇒ 664 = 4 × ?

⇒ 166 = ?

∴ The value of (?) is 166

Direction: Read the following passage and answer the questions

In a hospital, there are 1500 doctors. The hospital has total seven departments  namely –Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology and Anesthesia. Number of females in departments  of Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics are 5%, 5%, 10%, 15%, 10%, of total number of doctors in hospital respectively. 25 females works in department of Opthalmology and in department of Anesthesia has no females. Number of males in department of Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics and Opthalmology are 5%, 15%, 5%, 10%, 10%, 5% of total number of doctors in hospital respectively and remaining number of males in department Anesthesia.

86

If equal number of males and females joined in department of Gynaecology and the ratio of the number of males working in department Gynaecology to the number of females working in that department increased to 5 : 6. What is the total number of doctors who joined in Gynaecology?

  1. ((a))

    150

  2. ((b))

    250

  3. ((c))

    350

  4. ((d))

    450

  5. ((e))

    None of these

Show Answer
Answer: ((d))

450

DepartmentsNumber of femalesNumber of males
Orthopedics5% of 1500 = 755% of 1500 = 75
Neurology5% of 1500 = 7515% of 1500 = 225
Cardiology10% of 1500 = 1505% of 1500 = 75
Gynaecology15% of 1500 = 22510% of 1500 = 150
Pediatrics10% of 1500 = 15010% of 1500 = 150
Opthalmology255% of 1500 = 75
Anesthesia-?
Total males in departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750 Total girls = 700
<br>

Let the number of females and males who newly joined in Gynaecology be x each.

Initial number of males in Gynaecology = 150

New number of males in Gynaecology = 150 + x

Initial number of females in Gynaecology = 225

New number of females in Gynaecology = 225 + x

According to question, 56;=150;+;x225;+;x\frac{5}{6}; = \frac{{150; + ;x}}{{225; + ;x}}

⇒ 5 (225 + x) = 6 (150 + x)

⇒ 1125 + 5x  =  900 + 6x

⇒ x = 225

Total number of doctors who joined Gynaecology = 225 + 225 = 450

87

If 20% of females who were working in Cardiology left the hospital then, what is the new strength of doctors in the hospital?

  1. ((a))

    1326

  2. ((b))

    1470

  3. ((c))

    1879

  4. ((d))

    1223

  5. ((e))

    None of these

Show Answer
Answer: ((b))

1470

DepartmentsNumber of femalesNumber of males
Orthopedics5% of 1500 = 755% of 1500 = 75
Neurology5% of 1500 = 7515% of 1500 = 225
Cardiology10% of 1500 = 1505% of 1500 = 75
Gynaecology15% of 1500 = 22510% of 1500 = 150
Pediatrics10% of 1500 = 15010% of 1500 = 150
Opthalmology255% of 1500 = 75
Anesthesia-?
Total males in departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750 Total girls = 700
<br>

Number of females in department of Cardiology = 150

Number of females who left the hospital = 20% of 150 = 30

New strength of doctors in the hospital = 1500 – 30 = 1470

88

If 25 females from Gynaecology are shifted to department of Pediatrics and 20 males from Pediatrics are transferred to department of Gynaecology then, What  is the ratio of the number of males doctor to the number of females doctor in department Pediatrics after the transfer of doctors?

  1. ((a))

    7 : 9

  2. ((b))

    47 : 39

  3. ((c))

    26 : 35

  4. ((d))

    12 : 19

  5. ((e))

    None of these

Show Answer
Answer: ((c))

26 : 35

DepartmentsNumber of femalesNumber of males
Orthopedics5% of 1500 = 755% of 1500 = 75
Neurology5% of 1500 = 7515% of 1500 = 225
Cardiology10% of 1500 = 1505% of 1500 = 75
Gynaecology15% of 1500 = 22510% of 1500 = 150
Pediatrics10% of 1500 = 15010% of 1500 = 150
Opthalmology255% of 1500 = 75
Anesthesia-?
Total males in departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750 Total girls = 700
<br>

Number of females in department of Pediatrics after transfer of doctors = 150 + 25 = 175

Number of males in Pediatrics after transfer of doctors = 150 – 20 = 130

Required ratio = 130 : 175 = 26 : 35

89

What is the number of males working in Anesthesia?

  1. ((a))

    29

  2. ((b))

    50

  3. ((c))

    48

  4. ((d))

    40

  5. ((e))

    54

Show Answer
Answer: ((b))

50

DepartmentsNumber of femalesNumber of males
Orthopedics5% of 1500 = 755% of 1500 = 75
Neurology5% of 1500 = 7515% of 1500 = 225
Cardiology10% of 1500 = 1505% of 1500 = 75
Gynaecology15% of 1500 = 22510% of 1500 = 150
Pediatrics10% of 1500 = 15010% of 1500 = 150
Opthalmology255% of 1500 = 75
Anesthesia-?
Total males in departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750 Total girls = 700
<br>

Total number of females in the hospital = 700

Total number of  males Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750

Number of boys working in Anesthesia = Total strength of the hospital – (Total number of females in the hospital + Total males in the hospital from departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology )

= 1500 – (700 + 750)

= 1500 – 1450

= 50

90

What is the average number of males doctors working in department of Neurology, Cardiology, Gynaecology and Pediatrics?

  1. ((a))

    100

  2. ((b))

    120

  3. ((c))

    150

  4. ((d))

    200

  5. ((e))

    None of these

Show Answer
Answer: ((c))

150

DepartmentsNumber of femalesNumber of males
Orthopedics5% of 1500 = 755% of 1500 = 75
Neurology5% of 1500 = 7515% of 1500 = 225
Cardiology10% of 1500 = 1505% of 1500 = 75
Gynaecology15% of 1500 = 22510% of 1500 = 150
Pediatrics10% of 1500 = 15010% of 1500 = 150
Opthalmology255% of 1500 = 75
Anesthesia-?
Total males in departments Orthopedics, Neurology, Cardiology, Gynaecology, Pediatrics, Opthalmology is = 750 Total girls = 700
<br>

Required average = Males in department Neurology, Cardiology, Gynaecology, Pediatrics/ number of departments

∴ Required average = (225 + 75 + 150 + 150)/4 = 600/4 = 150

Insurance and Financial Market Awareness (30 questions)

91

Which of the following is the first life insurance company in India?

  1. ((a))

    Life Insurance Corporation

  2. ((b))

    New India Assurance

  3. ((c))

    United India Insurance

  4. ((d))

    Oriental Insurance

  5. ((e))

    National Insurance

Show Answer
Answer: ((d))

Oriental Insurance

  • Oriental Insurance is the first life insurance company in India.
  • It was established in the year 1818 by Europeans in Calcutta.
  • Bombay Mutual Life Assurance Society was the first Indian life insurance company started in the year 1870.
  • Life Insurance Corporation was established in the year 1956.
  • In the year 1972 India government started the General Insurance Corporation of India (GIC).
  • GIC started its operation on 1st January 1973 with four holding companies.
  • National Insurance Company Ltd.
  • United India Insurance Company Ltd.
  • New India Assurance Company Ltd.
  • Oriental Fire and Insurance Company Ltd
92

When a company distributes a portion of its profits to shareholders who meet certain criteria, it's known as:

  1. ((a))

    Dividend

  2. ((b))

    Claim

  3. ((c))

    Prospectus

  4. ((d))

    Rebate

  5. ((e))

    Brokerage

Show Answer
Answer: ((a))

Dividend

The correct answer is Dividend.

Key Points

  • When a company distributes a portion of its profits to shareholders who meet certain criteria, it's known as a dividend.
  • The board of directors is responsible for deciding the payment and amount of dividends.
  • The dividend yield, which is calculated by dividing the dividend per share by the share price and multiplying by 100, indicates the percentage return on investment.
  • Rather than paying dividends, some companies choose to reinvest their earnings into the business.
93

What is the full form of SWIFT Code?

  1. ((a))

    Society for Worldwide Interbank Financial Telecommunication Code

  2. ((b))

    Society for Worldwide International Financial Telecommunication code

  3. ((c))

    Statistics for Worldwide Interbank Financial Telecommunication code

  4. ((d))

    Standard for Worldwide Interbank Financial Telecommunication code

  5. ((e))

    None of the above

Show Answer
Answer: ((a))

Society for Worldwide Interbank Financial Telecommunication Code

The correct answer is Society for Worldwide Interbank Financial Telecommunication Code.

  • SWIFT Code - Society for Worldwide Interbank Financial Telecommunication Code,
  • SWIFT codes are a combination of various kinds of letters and are used to identify the branch codes of the banks. These codes are used as Bank Identifier Codes (BIC).
  • It is used to identify a particular branch of a bank. These codes play an important role in various bank transactions, especially when it comes to international transactions.
  • SWIFT codes can be from 8 to 11 characters in length. It's structured as follows:
  • The first four characters identify the particular institution or bank to which the transfer will be made.
  • The next two characters specify the country.
  • The following two identify the location - usually the city.
  • The final three characters are usually numerical and indicate a particular branch or office. When the final three characters are not included, the transfer goes to the head office or branch.
94

Which of the following is not a Money Market Instrument?

  1. ((a))

    Certificate of Deposit

  2. ((b))

    T-Bills

  3. ((c))

    Call Money

  4. ((d))

    Commercial Paper

  5. ((e))

    Non of above

Show Answer
Answer: ((e))

Non of above

  • The money market is the arena in which financial institutions make available to a broad range of borrowers and investors the opportunity to buy and sell various forms of short-term securities.
  • There is no physical "money market." Instead, it is an informal network of banks and traders linked by telephones, fax machines, and computers.
  • Money markets exist both in the United States and abroad.
  • The short-term debts and securities sold on the money markets—which are known as money market instruments—have maturities ranging from one day to one year and are extremely liquid.
  • Treasury bills, federal agency notes, certificates of deposit (CDs), eurodollar deposits, commercial paper, bankers' acceptances, and repurchase agreements are examples of instruments.
  • The suppliers of funds for money market instruments are institutions and individuals with a preference for the highest liquidity and the lowest risk.
95

The Free-Look Period of a policy lasts for _____ days.

  1. ((a))

    15

  2. ((b))

    30

  3. ((c))

    45

  4. ((d))

    60

  5. ((e))

    100

Show Answer
Answer: ((b))

30

The correct answer is 30.

Key Points

  • The Free-Look Period of a policy lasts for 30 days
  • Free-Look Period i​s the required time period in which a new life insurance policy owner can terminate the policy without any penalties.
  • During the free look period, the policyholder can decide whether or not to keep the insurance policy.
  • If the insured has not made any claim during the free look period, the insured shall be entitled to-
  • A refund of the premium paid less any expenses incurred by the insurer on medical examination of the insured persons and the stamp duty charges or
  • where the risk has already commenced and the option of return of the policy is exercised by the policyholder, a deduction towards the proportionate risk premium for the period on the cover or
  • Where only a part of the insurance coverage has commenced, such proportionate premium commensurate with the insurance coverage during such period
  • In respect of the unit-linked policy, in addition to the above deductions, the insurer shall also be entitled to repurchase the unit at the price of the units as of the date of the return of the policy.

Additional Information

  • As per the IRDAI
  • Free Look Period is available for all Life Insurance policies.
  • The insured will be allowed a period of at least 15 days (30 days in case of electronic policies and policies sourced through distance mode) from the date of receipt of the policy to review the terms and conditions of the policy and to return the same if not acceptable.
  • In case you opt-out, the premium paid will be refunded after deductions for expenses like those for a medical examination, cost of proportionate risk cover, stamp duty, etc.
  • If it is a unit-linked insurance policy (ULIP), in addition, the insurer can repurchase the units at the price on the cancellation date.
96

Which of the following is not a credit rating agency?

  1. ((a))

    WADA

  2. ((b))

    Fitch

  3. ((c))

    CRISIL

  4. ((d))

    Moody

  5. ((e))

    S & P

Show Answer
Answer: ((a))

WADA

The World Anti-Doping Agency is a foundation initiated by the International Olympic Committee based in Canada to promote, coordinate and monitor the fight against drugs in sports.

97

The party who sends the goods for sale on fixed commission basis is __________.

  1. ((a))

    Consignee

  2. ((b))

    Consignor

  3. ((c))

    Drawer

  4. ((d))

    Drawee

  5. ((e))

    None of the above

Show Answer
Answer: ((b))

Consignor

The correct answer is Consignor.

  • The party who sends the goods for sale on a fixed commission basis is Consignor.
  • Consignment occurs when goods are sent by their owner (the consignor) to an agent (the consignee), who undertakes to sell the goods. The consignor continues to own the goods until they are sold, so the goods appear as inventory in the accounting records of the consignor, not the consignee.

Key Points

  • Consignor: It is the person that sends goods.
  • Consignee: The person who receives the goods is called the consignee.
  • Drawer: A person who makes or writes the bill of exchange.
  • Drawee: A person on whom the bill of exchange is drawn for his acceptance.
  • The commission is the remuneration paid by the consignor to the consignee for the services rendered to the former for selling the consigned goods.
98

Which of the following brings out the quarterly, "All-India house price index (HPI)", which aims to track housing price indicators across Indian cities?

  1. ((a))

    National Housing Bank (NHB)

  2. ((b))

    Reserve Bank of India (RBI)

  3. ((c))

    Ministry of Housing and Urban Affairs (MoHUA)

  4. ((d))

    The Housing and Urban Development Corporation Limited (HUDCO)

  5. ((e))

    Securities and Exchange Board of India (SEBI)

Show Answer
Answer: ((b))

Reserve Bank of India (RBI)

The correct answer is Reserve Bank of India (RBI).

In News

  • The RBI’s All India Home Price Index (HPI) recorded a 2.79 per cent growth (year-on-year) to 302 in the third quarter (ended December) of 2022-23 as compared with 293.8 when it showed a  3.1 per cent growth a year ago despite the rise in interest rates.

Key PointsAll-India House Price Index (HPI):

  • The all-India house price index (HPI) is a quarterly release done by the Reserve Bank of India Base Year- 2010-11.
  • It is based on transaction-level data obtained from the housing registration authorities in 10 major cities in the country.
  • The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.
  • A house is more than just an asset; it is also a long-term consumption good for households, providing shelter and other services.
  • Households' perceived lifetime wealth is affected by changes in house prices, which influences their spending and borrowing decisions.
  • In addition to individual city HPIs, an average HPI representing all-India house price movement is compiled.
  • The HPI presented here is based on registration price information.
  • It is commonly assumed that registered house prices are generally understated due to a variety of factors such as high registration fees and stamp duty, property tax obligations, and so on.
  • The differences in the time gaps between actual transactions and registrations do not always follow a consistent pattern across states.
99

The term “Uberrimae fidei” or "uberrima fides" means __________.

  1. ((a))

    To Find Out

  2. ((b))

    Supreme Importance

  3. ((c))

    Utmost Good Faith

  4. ((d))

    Upper Limit

  5. ((e))

    Good Chance

Show Answer
Answer: ((c))

Utmost Good Faith

The correct answer is Utmost Good Faith.

Key Points

  • The term “Uberrimae fidei” or "uberrima fides" means Utmost Good Faith.
  • Principle of Uberrima Fides
  • It is also known as utmost good faith.
  • It is a legal agreement, common to the insurance industry, requiring the highest standard of good faith during the disclosure of all material facts that could influence the decision of the other party.
  • A failure to adhere to uberrimae fidei is grounds for voiding the agreement.​

Important Points

  • There are seven basic principles that should be upheld in Insurance-
  • Principle of Utmost Good Faith
  • It is legally obliging all parties to act honestly and not mislead or withhold critical information from one another.
  • It states that the insurer and insured both must be transparent and disclose all the essential information required before signing up for an insurance policy.
  • Principle of Insurable Interest
  • It means that the subject matter of the contract must provide some financial gain by existing for the insured (or policyholder) and would lead to a financial loss if damaged, destroyed, stolen, or lost.
  • Principle of Proximate Cause
  • Proximate cause is the real cause or the legal cause that can be considered the primary cause for any loss that occurs for the insured.
  • The insurer will entertain the claim only if the significant cause is close enough to the loss.
  • Principle of Subrogation
  • It refers to the practice of substitution of a person or group by another in cases of debt claims in insurance.
  • Principle of Indemnity
  • It states that the insured shall be compensated appropriately for the losses caused to the goods by the insurer, only to the extent that the insurer does not make a profit out of the loss that occurred.
  • Principle of Contribution
  • It states that if the loss arises and you have taken more than one insurance policy, then the loss will be covered by the policies based on the proportion of the coverage the insurance policy provides.
  • Principle of Loss Minimisation
  • The insured must always try their level best to minimize the loss of his insured property, in case of sudden events like fire, etc.
  • The insured must take all necessary steps to control and reduce the losses and to save what is left.
100

Describe the purpose of Assignment.

  1. ((a))

    To Transfer the Rights of the Policy.

  2. ((b))

    To Appoint a Person, to Receive the Policy Monies, in the Event of the Life-Assured's Death.

  3. ((c))

    To Surrender the Policy.

  4. ((d))

    To Create an Estate

  5. ((e))

    To Decline the Policy

Show Answer
Answer: ((a))

To Transfer the Rights of the Policy.

The correct answer is To Transfer the Rights of the Policy.

Key Points

  • Assignment is defined as the "Transfer of interest from one to another".
  • It also includes transferring rights and obligation under the contract from one person to another.
  • ​Assignment of the policy refers to the transfer of rights, title, and policy ownership from the policyholder to another person or entity.
  • The person involved in assigning/transferring the policy is called assignor, and the person/institution to which it is assigned is called the assignee.

Additional Information

  • The assignment is categorized under two different types-
  • Absolute Assignment
  • Under the absolute assignment, all rights, title and interest are transferred by the assignor to an assignee without reversion to the assignor (in case of any event).
  • It shifts the ownership of the insurance policy to other parties without any terms and conditions.
  • This assignment is usually done for money consideration such as raising a loan, out of love or affection towards family members.
  • Conditional Assignment
  • It means that the transfer of rights will happen from the Assignor to the Assignee subject to certain terms and conditions.
  • If the conditions are fulfilled, only then the policy will be transferred.
101

The premiums collected are held in trust by the insurance company and the amount so collected is called a _________.

  1. ((a))

    Superannuation Fund

  2. ((b))

    Reserve

  3. ((c))

    Trust Fund

  4. ((d))

    Back Up

  5. ((e))

    Policy Jacket

Show Answer
Answer: ((b))

Reserve

The correct answer is Reserve.

Key Points

  • The premiums collected are held in trust by the insurance company and the amount so collected is called a Reserve.
  • It is an amount of money earmarked for a specific purpose. Insurers establish unearned premium reserves and loss reserves indicated on their balance sheets.
  • ​Money for the claims reserve is taken from a portion of the premium payments made by policyholders over the course of their insurance contracts.
  • ​Insurers use the premiums paid to them by their customers and policyholders to cover liabilities associated with the policies they underwrite. They may also invest in the premium to generate higher returns.

Additional Information

  • Superannuation refers to the regular stream of income – popularly known as Pension – paid to an employee after his/her retirement from service till his/her death.
  • It is a pension program declared by an employer or organisation for the benefit of its employees.
  • Trust Fund
  • It is an estate planning tool that allows a person to put aside money and/or other assets that will later be distributed to the beneficiaries named on the trust.
  • These are are legal arrangements that allow individuals to place assets in a special account to benefit another person or entity.
  • Water backup insurance provides coverage for damage to your property caused by a clogged sewer line, failed sump pump and backed up drains.
  • Policy Jacket
  • It contains the definitions, terms, limits, exclusions, and conditions for each type of coverage shown on the policy Declarations Page.
102

Which is the term is used when an already listed company in the share market makes a fresh issue of shares for the public?

  1. ((a))

    Right issue

  2. ((b))

    IPO

  3. ((c))

    FPO

  4. ((d))

    Debentures

  5. ((e))

    None of the above

Show Answer
Answer: ((c))

FPO

The correct answer is option (3) i.e. FPO

  • FPO stands for Follow-on Public Offering.
  • We use term FPO when an already listed company issue shares after the IPO.
  • There are two types of FPO one is Diluting and the other one is Non-diluting.
  • Diluting - It means new shares are added for sale.
  • Non-diluting - It means Private shares are being sold publicly.
IPOIPO is Initial Public Offering means when an unlisted company sell its share for the first time.
Right issueWhen the company wish to sale its share to its shareholders.
DebenturesA long term security bond with a fixed rate of interest.
103

Which type of bond pays no interest?

  1. ((a))

    Interest-free bond

  2. ((b))

    Useless price bond

  3. ((c))

    Priceless bond

  4. ((d))

    Zero coupon bond

  5. ((e))

    Dollar bonds

Show Answer
Answer: ((d))

Zero coupon bond

The correct answer is Zero Coupon Bond.

  • It is a kind of debt market instrument.
  • In the debt market, debt is called bonds.
  • This kind of bond does not pay interest at periodic intervals before maturity.
  • Instead, Zero-Coupon Bonds are issued at a discount and redeemed at par.
  • There are 2 types of zero-coupon bonds:
  • Government zero-coupon bonds.
  • Corporate zero-coupon bonds.
  • Advantage: It is a safe investment option with fixed returns with a longer time horizon.
  • Disadvantage: No interest payments until the maturity period.
104

To what percent did the government raise FDI in insurance under the automatic route? 

  1. ((a))

    74%

  2. ((b))

    17%

  3. ((c))

    47%

  4. ((d))

    30%

  5. ((e))

    None of the above

Show Answer
Answer: ((a))

74%

The correct answer is 74%.

Key Points

  • The government raised FDI in insurance under the automatic route to 74% from 49% in 2021.
  • Ownership and control had to remain with Indian residents as per the 2015 Insurance Act amendment. Several overseas investors increased their stakes in Indian insurance joint ventures after the limit was raised in 2015.
  • Higher FDI enabled companies to go in for initial public offerings.

Additional Information

  • Insurance, an integral part of the financial sector, plays a significant role in India’s economy.
  • The insurance sector in India is a colossal one and is growing at a speedy rate of 15-20%.
  • Together with banking services, insurance services add about 7% to the country’s GDP.
105

Section 2(1) of Sale of Goods Act defines ‘buyer’ as:

  1. ((a))

    Person who buys goods and services

  2. ((b))

    Person who only agrees to buy goods

  3. ((c))

    Person who buys or agrees to buy goods

  4. ((d))

    Person who buys or agrees to buy goods and services

  5. ((e))

    None of the above

Show Answer
Answer: ((c))

Person who buys or agrees to buy goods

Sale of Goods Act, 1930 is an act where contracts related to 'sale of goods' or 'agreement to sell' are governed and it came into effect from 1st of July 1930. 

Section 2(1) of Sale of Goods Act, 1930 defines ‘buyer’ as:

  • A buyer is a person who buys or who agrees to buy the goods.
  • A buyer is one of the two parties of the contract.

Therefore, Section 2(1) of the Sale of Goods Act defines a ‘buyer’ as a person who buys or agrees to buy the goods.  

Section 2(13) of Sale of Goods Act, 1930 defines ‘seller’ as:

  • A seller is someone who sells or who agrees to sell the goods.
  • For a sale contract to come into existence both buyer and seller are defined by the act.

Section 4 of Sale of Goods Act,1930 defines 'Sale' and 'agreement to sell' as:

  • A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price. There may be a contract of sale between one part-owner and another.

Goods are defined as per Section 2(7) of the Act as:

  • "Every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale."
106

Identify the option that can be termed as Policy Withdrawal.

  1. ((a))

    Surrender of the Policy, in Return for Acquired Surrender-Value.

  2. ((b))

    Discontinuation of Premium-Payment by the Policy-Holder.

  3. ((c))

    Policy Up-Grade.

  4. ((d))

    Policy Down-Grade.

  5. ((e))

    None of the Above.

Show Answer
Answer: ((a))

Surrender of the Policy, in Return for Acquired Surrender-Value.

The correct answer is Surrender of the Policy, in Return for Acquired Surrender-Value.

Key Points

  • Surrender of the Policy, in Return for Acquired Surrender-Value, can be termed as Policy Withdrawal.
  • Policy Withdrawal, as the name suggests, is taking the policy back. It is surrendering the policy in return for the acquired surrender value.
  • ​Surrender-Value is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity, i.e. voluntarily termination.
  • If the policyholder does a mid-term surrender, he would get a sum of what has been allocated towards savings and earnings on them.
  • A surrender charge would be deducted from this amount and this varies from policy to policy.
  • A Policy can be surrendered, only if, it has acquired the PaidUp Value.
  • The Paid-up value indicates that the policy has received enough premium input to cover till the policy tenure runs out.

Additional Information 

  • Guaranteed Surrender-Value (G.S.V.)
  • ​It is the guaranteed amount that the policyholder will receive on voluntary termination of the policy.
  • It is mentioned in the brochure and is payable after the completion of 3 years.
  • It is 30% (at least) of the premiums paid, excluding premiums for the first year.
  • It also excludes any additional premium paid for riders and any bonus that you may have received from the insurer.
107

Under GST, IGST is levied when

  1. ((a))

    Goods and services are supplied within the State

  2. ((b))

    Goods and services are supplied between States

  3. ((c))

    Goods and services are supplied between Union Territories

  4. ((d))

    Goods and services are supplied within Union Territory

  5. ((e))

    None of the Above

Show Answer
Answer: ((b))

Goods and services are supplied between States

The correct answer is Goods and services are supplied between states.

Key Points

Goods and Service Tax:

  • An indirect tax on the provision of goods and services is known as the GST, or Goods and Services Tax.
  • Every value addition is subject to this multi-stage, destination-oriented tax, which replaces a number of indirect taxes like VAT, excise duty, service taxes, etc.
  • For the entirety of India, a single domestic indirect taxation law applies to both goods and services.
  • This tax is levied under this system at every point of sale.

Important Points Types of GST:

  • The State Goods and Services Tax (SGST) is a tax levied by the state government on all intrastate sales of goods and services. The state where the transactions in question were completed then collects the revenue.
  • The Central Goods and Services Tax (CGST) is levied by the central government on all intrastate sales of goods and services. The concerned organisation is also in charge of collecting the money brought in by this tax.
  • The Integrated Goods and Services Tax (IGST) is subjected to the interstate sales of goods and services, which is also levied on imports and exports. It should be noted that the GST bill stipulates that the Centre and States split the IGST income. The state goods and services tax portion of this tax is collected by the state where the goods and services in question were consumed.
  • Union Territory Goods and Services Tax (UGST) is levied by the Union Territories (UT) and is applied to all transactions made inside any UT in India. Regarding distribution and the GST platform's payment rules, they are comparable.
108

Which description is appropriate among the following for ‘E-Governance’?

  1. ((a))

    To engage, enable and empower the citizens

  2. ((b))

    To provide fair and unbiased to the citizens

  3. ((c))

    To provide technology-driven governance

  4. ((d))

    To ensure people’s faith in E-Commerce applications

  5. ((e))

    None of the Above

Show Answer
Answer: ((c))

To provide technology-driven governance

The correct answer is To provide technology-driven governance.

Key Pointse- Governance:

  • E-Governance refers  to the use of information and communication technologies (ICT) to enhance the accessibility and efficiency of public services.
  • To provide technology-driven governance.
  • It promotes transparency by making information easily available online, reducing the chance of corruption and fostering trust.
  • E-Governance provides citizens with a more convenient method to access public services, making them available 24/7.
  • It also allows for better communication channels between government and citizens, fostering a sense of involvement and community.
  • E-Governance reduces operational costs by digitizing various services, making the public sector more efficient.
  • Through it, governments can analyze large volumes of data to make better decisions and policies.
  • E-Governance also promotes inclusion, as services can be made accessible to remote areas, marginalized groups, and the physically challenged.
  • However, challenges like digital illiteracy, infrastructure issues, and cybersecurity threats need to be addressed to fully leverage e-Governance.
  • Overall, e-Governance is a key pillar for building smart, citizen-centric governments in the digital era.
109

What is the full form of FIRC?

  1. ((a))

    Foreign Inward Register Certificate

  2. ((b))

    Foreign Insurance Remittance Certificate

  3. ((c))

    Foreign Inward Remittance Certificate

  4. ((d))

    Foreign Inward Remittance Claim

  5. ((e))

    Frequent Inward Remittance Certificate

Show Answer
Answer: ((c))

Foreign Inward Remittance Certificate

The correct answer is Foreign Inward Remittance Certificate.

Key Points

  • The full form of FIRC is Foreign Inward Remittance Certificate
  • The FIRC (Foreign Inward Remittance Certificate) is a paper that is printed on specialized security stationery, and its issuance depends on the intention of the remittance as requested by the recipient.
  • In situations where beneficiaries of Inward Remittances receive their funds through an AD (Authorized Dealer) Bank, the bank may need to provide certificates to support the beneficiary's claim for various benefits or entitlements under Government Rules.
  • It's essential to issue the FIRC on security paper in accordance with Form BCI, which should have a unique serial number to ensure its authenticity.
110

If the insurance policy is taken from more than one underwriter where the period of insurance, the subject matter of insurance, and the sum insured are the same, then this is called _____________.

  1. ((a))

    Blanket Insurance

  2. ((b))

    Co-Insurance

  3. ((c))

    Double Insurance

  4. ((d))

    Group Insurance

  5. ((e))

    Under Insurance

Show Answer
Answer: ((c))

Double Insurance

The correct answer is Double Insurance.

Key Points

  • If the insurance policy is taken from more than one underwriter where the period of insurance, the subject matter of insurance, and the sum insured are the same, then this is called Double Insurance.
  • ​It refers to insurance where the same subject matter is insured twice or more than that. In such scenarios, the same subject is insured but with different insurance companies.
  • In the event of double insurance, if a loss is caused by the risk insured against, subject to the terms of each insurance policy, the insured may recover the full amount of his loss from whichever insurer or insurers he chooses.
  • Upon such indemnity being paid from one insurer to the insured, that insurer becomes entitled to claim contributions from the co-insurer.

Additional Information

  • Blanket Insurance
  • ​It is a single property insurance policy that covers more than one type of property at the same location, the same kind of property at multiple locations, or multiple kinds of property at two or more locations.
  • Homeowners insurance is a type of blanket insurance, as it covers both the structure and the contents of your house against loss.
  • Businesses may purchase blanket insurance to cover multiple residential, rental, or commercial properties.
  • Co-Insurance
  • ​It is the amount, generally expressed as a fixed percentage, an insured must pay toward a covered claim after the deductible is satisfied.
  • It is common in health insurance and some property insurance policies.
  • In health insurance, coinsurance is the percentage under an insurance plan that the insured person pays toward a covered expense or service after the policy deductible is satisfied.
  • One of the most common coinsurance breakdowns is the 80/20 split: The insurer pays 80%, the insured 20%.​
  • Group Insurance
  • ​It is a type of insurance plan that covers a number of people in the same contract.
  • Group Insurance covers a defined group of people, for example, members of a professional association, a society, or employees of an organization.
  • Group Insurance may offer life cover, health cover, and/or other types of personal insurance.
  • Under Insurance
  • It refers to an insufficient insurance policy.​
  • It is insufficient insurance coverage that leaves the policyholder responsible for a large percentage of a total loss or expense and may lead to financial hardship.
  • It also refers to the situation when your assets are insured for a lower value than their current price. Underinsurance is a common issue for property insurance in India.
111

In which country is the NASDAQ Stock Market headquartered?

  1. ((a))

    USA

  2. ((b))

    South Africa

  3. ((c))

    Australia

  4. ((d))

    New Zealand

  5. ((e))

    India

Show Answer
Answer: ((a))

USA

NASDAQ is an American stock exchange headquartered in New York, USA. It was founded on February 4, 1971. It is the second-largest exchange in the world by market capitalization, behind only the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic (formerly known as OMX) and Nasdaq Baltic stock market network and several other US stock and options exchanges.

112

Which of the following banks has offered $68 million in funding to IIFL Home Finance for expanding its footprint in the affordable and green housing segment in February 2022?

  1. ((a))

    Asian Development Bank

  2. ((b))

    World Bank

  3. ((c))

    Asian Infrastructure Investment Bank

  4. ((d))

    International Monetary Fund

  5. ((e))

    None of the above/More than one of the above

Show Answer
Answer: ((a))

Asian Development Bank

The correct answer is Asian Development Bank.

Key Points

  • The Asian Development Bank has offered $68 million in funding to IIFL Home Finance for expanding its footprint in the affordable and green housing segment.
  • The funding comprises a direct ADB loan of 58millionandanother58 million and another 10 million concessional loan from the Canadian Climate Fund.
  • This is IIFL Home Finance’s first loan from ADB or any other development finance institution.

Additional Information

  • The Asian Development Bank (ADB) provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response.
  • USD 1.5 billion was towards vaccine procurement and USD 300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.
  • The agency extended a USD 2.2-billion support for 12 state projects.
  • The Asian Development Bank is a regional development bank established on 19 December 1966.
  • The Asian Development Bank:
  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa (As of Feb 2022)
  • Membership: 68 countries
  • Founded: 19 December 1966
113

Sensex is stock market index of how many companies which are listed on BSE?

  1. ((a))

    13

  2. ((b))

    20

  3. ((c))

    25

  4. ((d))

    30

  5. ((e))

    35

Show Answer
Answer: ((d))

30

The correct answer is option 4, i.e. 30.

  • The SENSEX is the benchmark index of the Bombay Stock Exchange (BSE).
  • Since the BSE has been the leading exchange of the Indian secondary market, the SENSEX has been an important indicator of the Indian stock market.
  • It is the most frequently used indicator while reporting on the state of the market.
  • An index has just one job to capture the price movement.
  • So a stock index will reflect the price movements of shares while a bond index captures the manner in which bond prices go up or down.
  • If the SENSEX rises, it indicates the market is doing well.
  • Since stocks are supposed to reflect what companies expect to earn in the future, a rising index indicates that investors expect better earnings from companies.
  • It is also a measure of the state of the Indian economy.
  • If Indian companies are expected to do well, obviously the economy should do well too.
  • The SENSEX, launched in 1986 is made up of 30 of the most actively traded stocks in the market.
  • In fact, they account for half the BSE’s market capitalization.
  • They represent 13 sectors of the economy and are leaders in their respective industries.
114

Which of the following is not correct about ‘Hypothecation’?

  1. ((a))

    Without giving up ownership rights, asset is pledged as collateral to secure a loan by a debtor

  2. ((b))

    It includes movable assets

  3. ((c))

    Gold/Jewellery loans is a type of hypothecation

  4. ((d))

    It is defined under SARFAESI Act, 2002

  5. ((e))

    All of the above

Show Answer
Answer: ((c))

Gold/Jewellery loans is a type of hypothecation

The correct answer is option 3 i.e Gold/Jewellery loans is a type of hypothecation

ParameterPledgeHypothecationMortgage
DefinitionIt means when the borrower takes the loan he/she must have provided something to the lender that is worth the same amount as the money he/she is taking from the lenderIt means the borrower has done some financial arrangement where the borrower borrows money by against the security of goodsIt is a legal agreement by which a bank, lends money at interest in exchange for taking the title of the debtor's property
CollateralSomething has to put as collateral securitySomething has to put as collateral securityCollateral security is there
OwnershipOwnership of the collateral is with the lenderOwnership is with the borrowerOwnership is with the borrower
TypesGold loans (Moveable property)Car loans (Moveable property)Real Estate Mortgage loans (Immovable Property)
115

Which of the following is correct regarding Opportunity Cost? 

  1. ((a))

    To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others.

  2. ((b))

    Opportunity cost analysis does not play a crucial role in determining a business’s capital structure. 

  3. ((c))

    Considering the value of opportunity costs can not guide individuals and organizations to more profitable decision making.

  4. ((d))

    It is the benefit that is derived from an option that is chosen.

  5. ((e))

    None of the Above

Show Answer
Answer: ((a))

To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others.

The correct answer is Option 1.

Key Points

  • Opportunity Cost
  • Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.
  • Because opportunity costs are unseen by definition, they can be easily overlooked.
  • Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision-making.
  • Opportunity cost is the forgone benefit that would have been derived from an option not chosen. Hence, Statement 4 is not correct.
  • To properly evaluate opportunity costs, the costs and benefits of every option available must be considered and weighed against the others. Hence, Statement 1 is correct.
  • Considering the value of opportunity costs can guide individuals and organizations to more profitable decision-making. Hence, Statement 3 is not correct.
  • The formula for calculating an opportunity cost is simply the difference between the expected returns of each option.
  • Opportunity cost analysis plays a crucial role in determining a business’s capital structure. Hence, Statement 2 is not correct.
  • A firm incurs an expense in issuing both debt and equity capital to compensate lenders and shareholders for the risk of investment, yet each also carries an opportunity cost.
116

Identify the risk management technique employed by an individual when they purchase the insurance.

  1. ((a))

    Risk-Avoidance

  2. ((b))

    Risk-Retention

  3. ((c))

    Risk-Transfer

  4. ((d))

    Risk-Mitigation

  5. ((e))

    Risk-Acceptance

Show Answer
Answer: ((c))

Risk-Transfer

The correct answer is Risk-Transfer.

Key Points

  • Risk-Transfer is the risk management technique employed by an individual when they purchase insurance.
  • Risk-Transfer
  • It is a risk management and control strategy that involves the contractual shifting of a pure risk from one party to another.
  • It is an agreement in which one party pays another to take responsibility for mitigating specific losses that may or may not occur.
  • Risks may be transferred between individuals, from individuals to insurance companies, or from insurers to reinsurers.
  • When purchasing insurance, the insurer agrees to indemnify, or compensate, the policyholder up to a certain amount for a specified loss or losses in exchange for payment.

Additional Information

  • Risk-Avoidance
  • ​It is an approach that eliminates any exposure to risk that poses a potential loss.
  • It aims to eliminate the source of the risk altogether rather than mitigating existing risk.
  • In other words, it is a risk management tactic whereby the risk of loss is prevented in its entirety by not engaging in activities that present the risk.
  • Risk-Retention
  • It is the method secured for all other types of risks, that is, unforeseen or foreseen but not significant.
  • ​It is the planned acceptance of losses by deductibles, deliberate noninsurance, and loss-sensitive plans where some, but not all, the risk is consciously retained rather than transferred.
  • Generally, it is the practice of setting up a self-insurance reserve fund to pay for losses as they occur, rather than shifting the risk to an insurer or using hedging instruments
  • Risk-Mitigation
  • Mitigation means reducing the risk of loss from the occurrence of any undesirable event.​
  • This is an important element for any insurance business so as to avoid unnecessary losses.
  • In insurance contracts, various clauses and conditions are specified so as to ensure minimum losses to the insurer.
  • Risk-Acceptance
  • ​It means that a business or an individual won't take an action against the risk and is ready to accept it.
  • It is simply accepting the recognized risk without taking any measures to avoid the loss or the probability of the risk happening.
117

Which of the following is a credit rating agency?

  1. ((a))

    SEBI

  2. ((b))

    IBRD

  3. ((c))

    ICRA

  4. ((d))

    IRDA

  5. ((e))

    IFCRA

Show Answer
Answer: ((c))

ICRA

  • ICRA, the second largest credit rating agency in India after CRISIL, is an Indian independent and professional investment information and credit rating agency in India.
  • It was established in the year 1991.
  • It was initially named Investment Information and Credit Rating Agency of India Limited (IICRA India), now it has been named ICRA Limited.
118

What is the customer’s future value of known as?

  1. ((a))

    Share of customers

  2. ((b))

    Share equity

  3. ((c))

    Customer equity

  4. ((d))

    Customer lifetime value

  5. ((e))

    All the above

Show Answer
Answer: ((d))

Customer lifetime value

Customer lifetime value is the customer’s future value.

119

Which among the following correctly explains dematerialization of shares?

  1. ((a))

    It refers to conversion of electronic shres into the physical shares. 

  2. ((b))

    It refers to conversion of the electronic form of shares into securities that can be traded in the international market. 

  3. ((c))

    It refers to the conversion of an organization from being a de-listed entity to a listed entity. 

  4. ((d))

    It refers to the process of demutualization of shares of a listed company and then corporatization of the same. 

  5. ((e))

    Dematerialization refers to the process of conversion of the physical share certificates into the electronic form.

Show Answer
Answer: ((e))

Dematerialization refers to the process of conversion of the physical share certificates into the electronic form.

  • Dematerialization refers to the process of conversion of the physical share certificates into the electronic form.
  • For dematerializtion, an investors needs to have a demat account with a depository participant.
  • The physical share certificates will be surrendered by the investor and the electronic shares get credited in the demat account of the investor.
120

Which basic principle of insurance defines that the insurance company is liable to compensate the insured up to the actual loss amount suffered?

  1. ((a))

    Principle of Indemnity

  2. ((b))

    Principle of Contribution

  3. ((c))

    Principle of Subrogation

  4. ((d))

    Principle of Utmost Good Faith

  5. ((e))

    Principle of Proximate Cause

Show Answer
Answer: ((a))

Principle of Indemnity

  • The Principle of Indemnity defines that the insurance contract will put the insured in the same position as before the loss. This is applicable to all general insurance contracts but in the case of life insurance, it is not applicable. This simply defines that the insured is entitled to get compensation up to the actual amount of loss suffered by the insured.
  • The Principle of Contribution is implemented when multiple insurance policies are covering the same property or loss, and the total payment for actual loss is proportionally divided among all insurance companies.
  • In simple words, the Principle of Subrogation means that when the insurer (insurance company) pays full compensation for any insured loss (of insured property), the insurer (insurance company) holds the legal right (claim) of the insured property.
  • The Principle of Utmost Good Faith, uberrimae fidei, states that the insurer and the insured must disclose all material facts before the policy inception.
  • The Principle of Proximate Cause deals with the immediate cause of the loss in an insurance claim.

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