Test of the Day

Q1. Person named in the instrument to whom or to whose order the money is to be paid is known as-?

 Drawer

 Drawee

 Payer

 Payee

 Receivable

Solution:

A person to whom money is paid or is to be paid is called payee, especially the person to whom a cheque is made payable.

Q2. National Housing Bank (NHB), a wholly owned subsidiary of the central bank (RBI) was established in 1988 under the-

 National Housing Bank Act, 1987

 National Housing Bank Act, 1988

 National Housing Bank Act, 1986

 National Housing Bank Act, 1985

 None of the given options is true

Solution:

The Hon’ble Prime Minister of India, while presenting the Union Budget for 1987-88 on February 28, 1987 announced the decision to establish the National Housing Bank (NHB) as an apex level institution for housing finance. Following that, the National Housing Bank Bill (91 of 1987) providing the legislative framework for the establishment of NHB was passed by Parliament in the winter session of 1987 and with the assent of the Hon’ble President of India on December 23, 1987, became an Act of Parliament. The National Housing Policy, 1988 envisaged the setting up of NHB as the Apex level institution for housing. In pursuance of the above, NHB was set up on July 9, 1988 under the National Housing Bank Act, 1987. NHB is wholly owned by Reserve Bank of India, which contributed the entire paid-up capital.

Q3. Name the person who recently took charge as Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi.

 Geetha Johri

 Bimla Kumari

 Mukulita Vijayawargiya

 Sangeetha Kriplani

 Leela Bansal

Solution:

Dr. (Ms.) Mukulita Vijayawargiya took charge as Whole Time Member of the Insolvency and Bankruptcy Board of India (IBBI) in New Delhi.

Q4. The World Bank has approved a loan of ___________ to India’s first inland water transport fairway National Waterway 1 (NW1) project on a 1,360 km-stretch of the Ganga river.

 $750 Million

 $650 Million

 $500 Million

 $375 Million

 $400 Million

Solution:

The World Bank has approved a $375 million loan to India’s first inland water transport fairway National Waterway 1 (NW1) project on a 1,360 km-stretch of the Ganga river between Varanasi and the seaport of Haldia for bringing thousands of jobs in cargo logistics and transportation.

Q5. The Bank Boards Bureau (BBB) has recently evolved a GRAF for public sector banks to ensure that they have the ability to compete successfully with private sector banks, small finance and payments banks. What does 'F' stands for in GRAF?

 Finances

 Fiscal

 Fund

 Foreign

 Framework

Solution:

The Bank Boards Bureau (BBB) has evolved a Governance, Reward and Accountability Framework (GRAF) for public sector banks to ensure that they have the ability to compete successfully with private sector banks, small finance and payments banks, foreign banks and non-banking finance companies.

Directions (6-7): Read the following information carefully and answer the questions given below. 
In a study of the five brands of mobile C, P, A, G and B the brands were tested and ranked against expensiveness. The following results were obtained. 
(i) P and G were equally expensive. 
(ii) B was the least expensive brand among them. 
(iii) C was less expensive than P. 
(iv) G was less expensive than A. 
(v) The expensiveness of A was more than that of P. 

Q6. If the above statements are true, which of the following must also be true?

 A was the most expensive among them

 C was more expensive than A

 G was somewhere in the middle when they were set in descending order in terms of expensiveness.

 C was the most expensive among them

 None of the above

Solution:

A > P = G > C >B

Q7. If a sixth brand F is tested and found to be more expensive that A, then which of the following must be true if the findings of the study are correct?

 At most three of the six brands are less expensive than F

 F is the most expensive

 P is more expensive than F

 F is less expensive than C

 None of the above

Solution:

A > P = G > C >B
F > A > P = G > C >B

Q8. A + B means A is son of B; A – B means A is wife of B; A × B means A is brother of B; A ÷ B means A is mother of B and A = B means A is the sister of B then what does P + R – Q means?

 Q is the brother of P

 Q is the son of P

 Q is the uncle of P

 Q is the father of P

 None of these

Solution:

Q9. Surubhi walks 20 km north. Then she turns right and walks 30 km. Then she turns right again and walks 35km. Then she turns left and walks 15 km. Then she again turns left and walks 15 km. In which direction and how many km away is she from his original position?

 15 km, West

 30 km, East

 30 km, West

 55 km, East

 45 km, East

Solution:

Q10. Romil starts walking towards East. After walking 35 m, he turns to his right and walks another 40 m. He then turns right again and walks another 35 m. Finally, he turns right and walks 20 m. In which direction and how far is he from the starting point?

 20 m, North

 35 m, South

 35 m, North

 20 m, South

 None of these

Solution:

Q11. An article is sold at a loss of 10%. Had it been sold for 9 more, there would have been a gain of 12.5% on it, then what is the cost price of the article?

 Rs. 40

 Rs. 45

 Rs. 50

 Rs. 60

 None of these

Solution:

Q12. A certain distance is covered by a vehicle at a certain speed. If half of this distance is covered by another vehicle in double the time, the ratio of speeds of the two vehicle is ?

 2 : 1

 3 : 2

 4 : 1

 3 : 1

 None of these

Solution:

Q13. What Sum of money will amount to Rs. 520 in 5 years and Rs. 568 in 7 years at simple interest?

 Rs 300

 Rs 350

 Rs 400

 Rs 450

 None of these

Solution:

5 yrs → 520
 7 year → 568
 ∴ In two years, Interest = 48
 ∴ I = 48/2 = Rs. 24 in one year
 ∴ P = 520 – 24 × 5 = Rs. 400

Q14. Four Milkmen rented a pasture. A grazed 18 cows for 4 months; B grazed 25 cows for 2 months, C grazed 28 cows for 5 months and D grazed 21 cows for 3 months. If A’s share of rent is Rs. 360, then what is the total rent of the field ?

 Rs. 1600

 Rs. 1625

 Rs. 1525

 Rs. 1800

 None of these

Solution:

A : B : C : D = 18×4 : 25×2 : 28×5 : 21×3
= 72 : 50 : 140 : 63
 Acc. To question
72 → 360
 ∴ 1 → 5
Hence, Total rent (72 + 50 + 140 + 63) = 5 × 325 = Rs. 1625

Q15. Lucknow bound Shatabdi Express has a capacity of 500 seats of which 10% are in the Executive class and the rest chair cars. During one journey, the train was booked to 85% of its capacity. IF executive class was booked to 96% of its capacity, then how many chair car seats were empty during that journey?

 70

 71

 72

 73

 74

Solution:

Directions (16-20): Each question below has two blanks. There are five pairs of words below the sentence. Each pair is numbered. Choose the pair of words which can be filled up in the blanks in the sentence in the same order so as to complete the sentence meaningfully. 

 Q16. Vision is usually __________ most effectively when many different __________ are used.

 developed …… manifestations

 adapted …… organization

 communicated …… forms

 exhibited …… forms

 described …… thought

Solution:

Option A is the correct choice.

Q17. People who have been through difficult, painful and not very __________ change efforts often end up __________ both pessimistic and angry conclusions.

 successful …… drawing

 meaningful …… projecting

 reliable …… evolving

 strong …… following

 challenging …… lamenting

Solution:

the second word of option A gives the hint. Draw means to come to or arrive at a point in time or in a process or to cause to happen/ attract. Hence Option A is the correct answer.

Q18. The human mind is never __________ it advances or it __________.

 absolute …… diminishes

 dynamic …… stops

 perfect …… disintegrates

 stationary …… retrogrades

 happy …… decomposes

Solution:

The statement means human mind never stops thinking, It either advances or retrograde. it is either Stationary means static, not moving or not intended to be moved. Retrograde-backward Hence Option D forms the correct sentence.

Q19. If misery is the effect of virtue, it ought to be reverenced ;if of ill fortune it ought to be pitied; and if of__________ to be __________.

 virtue …… criticized

 calamity …… reverenced

 virtue …… protected

 vice …… reverenced

 virtue …… reverenced

Solution:

Option D is the correct choice. It says If misery is because of virtue it must not be insulted. If because of ill fortune, ought to be pitied.

Q20. It would be impossible for us to continue living in this world if each of us __________ exactly, what fate had in __________ for him.

 follow …… plan

 appreciate …… strategy

 design …… anticipation

 visualize …… hidden

 knew …… store

Solution:

Option A is the correct choice. The second blank has the hint. "Fate had in 'store' for us".