Test of the Day

Q1. What is the full form of ‘FSDC’ which is used in financial sectors? 

 Financial Security and Development Council

 Financial Stability and Development Council

 Fiscal Security and Development Council

 Fiscal Stability and Development Council

 None of the given options is true

Solution:

Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. Chairperson: The Union Finance Minister of India.

Q2. An account for which a bank acts as an uninterested third party is termed as?

 Savings Account

 Current Account

 Reserve Account

 Escrow Account

 Fixed Account

Solution:

An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties. Definition: An escrow account is a temporary pass through account held by a third party during the process of a transaction between two parties.

Q3. A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________

 Power of Attorney

 Promissory Note

 Purchasing Power Parity

 Plastic Notes

 None of the given options is true

Solution:

A promissory note is a legal instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee).

Q4. Which of the following is defined as the difference between current assets and current liabilities?

 Venture Capital

 Working Capital

 Equitable Mortgage

 Loss Assets

 Profit and Loss Account

Solution:

The capital of a business (working capital) which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities.

Q5. A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________

 external debt

 good debt

 bad debt

 internal debt

 None of the given options is true

Solution:

The term bad debts usually refers to accounts receivable (or trade accounts receivable) that will not be collected.

Directions (6-10): Study the information and answer the following questions: 
In a certain code language 
"despite the sentiment with" is coded as “ 2*F 7%L 1%R 5%F” 
"electronic media and others" is coded as “4*H 1%L 3%Q 8*Q” 
"should taken next level" is coded as “3%U 2*B 3%U 4*N” 

Q6. What is the code for ‘engagement'?

 18*L

 8%L

 8*X

 8*L

 None of these.

Solution:

These are the latest pattern of coding-decoding questions. In these questions we are applying following concept:-

Q7. What is the code for ‘intention'?

 7*K

 7%J

 8%K

 7%K

 None of these.

Solution:

These are the latest pattern of coding-decoding questions. In these questions we are applying following concept:-

Q8. What is the code for ‘science'?

 5*W

 5%X

 5%W

 15%W

 None of these.

Solution:

These are the latest pattern of coding-decoding questions. In these questions we are applying following concept:-

Q9. What is the code for ‘militant'?

 16*L

 6%L

 6*L

 6*M

 None of these.

Solution:

These are the latest pattern of coding-decoding questions. In these questions we are applying following concept:-

Q10. What is the code for ‘divide'?

 14*C

 4*B

 4*C

 4%C

 None of these

Solution:

These are the latest pattern of coding-decoding questions. In these questions we are applying following concept:-

Q11. The simple interest accrued on a sum of certain principal in 8 years at the rate of 13% per year is Rs. 6500. What would be the compound interest accrued on that principal at the rate of 8% per year in 2 years? 

 Rs. 1040

 Rs. 1020

 Rs. 1060

 Rs. 1200

 None of these

Solution:

Q12. A bag contains 3 red balls and 8 blacks ball and another bag contains 5 red balls and 7 blacks balls, one ball is drawn at random from either of the bag, find the probability that the ball is red.

 93/264

 95/264

 91/264

 97/264

 None of these

Solution:

Q13. How many litres of water flows out of a pipe of cross-section 5 cm^2 in 1 minute.If the speed of water in the pipe is 20 cm/s?

 2 litres

 5 litres

 6 litres

 9 litres

 None of these

Solution:

Q14. A boat travels upstream from B to A and downstream from A to B in 3 h. If the speed of the boat in still water is 9 Km/h and the speed of the current is 3 Km/h, what is the distance between A and B? 

 6 Km

 4 Km

 8 Km

 12 Km

 None of these

Solution:

Q15. A solution of sugar syrup has 15% sugar. Another solution has 5% sugar. How many litres of the second solution must be added to 20 litres of the first solution to make a solution of 10% sugar? 

 10

 5

 15

 20

 None of these

Solution:

Directions (16-20): Which of the phrases (a), (b), (c) and (d) given below should replace the phrase given in bold in the following sentences to make the sentence grammatically meaningful and correct. If the sentence is correct as it is and there is no correction required mark (e) as the answer. 

Q16. The supermarkets are falling at themselves to attract customers to their shops.

 falling around

 falling about

 falling on

 falling over

 No improvement

Solution:

If you fall over yourself (or fall all over yourself) to do something, you are very keen to do it.

Q17.Your grandmother is coming to visit today, so don't forget to hang around your clothes when you tidy your room.

 hang on

 hang out

 hung up

 hang up

 No improvement

Solution:

To hang up something (or hang something up) means to hang something, especially clothes, on a hanger or hook.

Q18. My friends were on holiday in my city, so they looked me on and we all went to a restaurant for a meal.

 looked me around

 looked me up

 looked me at

 looked on me

 No improvement

Solution:

To look somebody up (or look up somebody) is to locate and visit someone you have not seen for a long time.

Q19. Don't buy anything from that company: the lady from their customer service department hung out on me last week.

 hung up

 hang up

 hang at

 hang

 No improvement

Solution:

To hang up means to end a telephone conversation, especially suddenly or unexpectedly.

Q20. My parents were coming to visit this week, but we had to put them away because our heating is broken.

 in

 on

 off

 out

 No improvement

Solution:

To put off someone (or put someone off) is to delay seeing them or doing something for them.

Test of the Day

Q1. BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised. BCSBI stands for-?

 Branch Codes and Standards Board of India

 Banking Codes and Stability Board of India

 Banking Codes and Standards Bank of Industry

 Banking Codes and Society Board of Investment

 Banking Codes and Standards Board of India

Solution:

In November 2003, Reserve Bank of India (RBI) constituted the Committee on Procedures and Performance Audit of Public Services under the Chairmanship of Shri S.S.Tarapore (former Deputy Governor) to address the issues relating to availability of adequate banking services to the common person. Therefore, the Committee recommended setting up of the Banking Codes and Standards Board of India (BCSBI). BCSBI was set up to ensure that the common person as a consumer of financial services from the banking Industry is in no way at a disadvantageous position and really gets what he/she has been promised.

Q2. When was the currency system in India converted into decimal system?

 April 01st 1959

 April 01st 1957

 April 01st 1955

 April 01st 1953

 April 01st 1951

Solution:

The Indian currency system was converted into decimal system by Indian Coinage (Amendment) Act 1955 which brought into force from April 01st 1957.

Q3. Which of the following field Dalal Street in Mumbai is famous?

 NABARD

 Stock Exchange

 RBI

 SEBI

 Commerce and industry ministry

Solution:

The Bombay Stock Exchange (BSE) is located at Dalal Street.

Q4. Deposits which can be withdrawn by a customer without notice is called? 

 Time Deposits

 Demand Deposits

 Variable Deposits

 Low cost Deposits

 None of the given options is true

Solution:

A deposit of money that can be withdrawn without prior notice is known as Demand Deposits, Ex:- in a current account.

Q5. Which of the following is not e-banking software?

 ECS

 RTGS

 PIPS

 NEFT

 M-Banking

Solution:

ECS – Electronic Clearing Service.
RTGS – Real Time Gross Settlement.
NEFT- National Electronics Funds Transfer System.
 Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile.
PIPS is not an e-banking software.

Directions (6-10): Study the following information carefully and answer the question given below- 
A, B, C, D, E, F, G and H are eight friends sitting around a circular table. Four of them are facing away from the center and four of them are facing towards the centre. Each of them have a different car- Ford, Toyota, Audi, Nissan, Fiat, Datsun, Ferrari and Bentley but not necessarily in the same order. All the given car is of different colour viz. White, Blue, Orange, Pink, Green, Purple, Yellow and Red but not necessarily in the same order.
E faces towards the centre and have a White colour car. Both the immediate neighbors of E face away from the center and have either Orange or Pink colour car. D faces away from the center and he has a Ford car. Both the immediate neighbours of D do not face away from the centre. E sits third to the right of F, who has a green colour car and faces away from the centre. C sits third to the left of F. The one who has an Orange colour car sits opposite to F. The one who has Blue colour car is not the immediate neighbour of F and faces away from the centre. A sits second to the left of C and he have neither Yellow nor Red colour car. The one who has a Yellow colour car sits between H and F. B faces away from the centre, and have Toyota car which is not of Blue colour. E has Ferrari car. The person who has Nissan car sits opposite to D. Audi car is of purple colour. The person who has Bentley car is not near to G or E. C faces the person who has Datsun car.

 Q6. Who among following has Purple colour car?

 E

 F

 B

 D

 A

Solution:
(6-10)

Q7. Who among following has Orange colour car?

 B

 H

 F

 D

 None of these

Q8. F has which of the following car?

 Fiat

 Ferrari

 Dastun

 Nissan

 Toyota

Q9. Who among following have pink colour car?

 B

 H

 F

 D

 None of these

Q10. Which of the following is D’s position with respect to E?

 Fourth to the left

 Third to the right

 Second to the left

 Second to the right

 None of these

Q11. Shamita took a loan at simple interest rate of 6 pcpa in the first year and it increased by 1.5 pcpa every year. If she pays Rs. 8,190 as interest at the end of 3 years, what was her loan amount? 

 Rs. 36000

 Rs. 36400

 Rs. 36800

 Cannot be determined

 None of these

Solution:

Q12. Twelve percent of Kaushal’s monthly salary is equal to sixteen percent of Nandini’s monthly salary. Suresh’s monthly salary is half that of Nandini’s monthly salary. If Suresh’s annual salary is Rs 1.08 lacs, what is Kaushal’s monthly salary?

 Rs 20,000

 Rs 18,000

 Rs 26,000

 Rs 24, 000

 None of these

Solution:

Q13. A gave 40% of his monthly salary to B. B spent 20% of this amount on taxi fare. He spent the remaining amount in the respective ratio of 3 : 5 on tuition fees and library membership. If he spent Rs 1720 for membership, what is A’s monthly salary?

 Rs 8500

 Rs 8600

 Rs 7600

 Rs 7500

 None of these

Solution:

Q14. A, B and C started a business by investing Rs 20,000, Rs 28,000 and Rs 36,000 respectively. After 6 months, A and B withdrew an amount of Rs 8,000 each and C invested an additional amount of Rs 8,000. All of them invested for equal period of time. If at the end of the year, C got Rs 12,550 as his share of profit, what was the total profit earned?

 Rs 25,100

 Rs 26,600

 Rs 24,300

 Rs 22,960

 Rs 21,440

Solution:

Q15. Ravi borrowed some money at the rate of 4 p.c.p.a for the first three years, at the rate of 8 p.c.p.a for the next two years and at the rate of 9 p.c.p.a for the period beyond 5 years. If he pays a total simple interest of Rs 19550 at the end of 7 years, how much money did he borrow?

 Rs 39500

 Rs 42500

 Rs 41900

 Rs 43000

 None of these

Solution:

Directions (16-20): In each question, the word at the top is used in five different ways, numbered to (a) to (e), Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE. 

 Q16. Fall

 The sound of the parade fell away in the distance.

 When her health insurance was canceled she had nothing to fall over.

 The tree fell over during the storm.

 The pie was falling apart as I tried to serve it

 He told her to stop falling about and make her mind up

Solution:

fall back on (something) also fall back upon (something) : to use (something) for help or protection when you are in a bad situation.
fall apart-to break into parts in usually a sudden and unexpected way
fall away [phrasal verb]- to become gradually less : to disappear gradually

Q17. Do

 They did pretty well me when I retired.

 I could do with a little less criticism right now, if you don't mind!

 She did up her dress.

 I've been done out of what was rightfully mine!

 We're planning to do over the kitchen next year.

Solution:

do by (someone)-to deal with or treat (someone) well or badly-"They did pretty well by me when I retired" means they treated me pretty well when I retired
do with (something)-to be helped by having (something)
do up or do (something) up or do up (something) of clothing : to be fastened or to fasten (something) with buttons, a zipper, etc.
do (someone) out of (something)-to unfairly prevent (someone) from getting or having (something)
do (something) over or do over (something) : to decorate or change a room, house, etc., so that it looks very different

Q18. ACT

 The book gives advice to parents whose children act up.

 What can parents do when their kids start acting out?

 She acted if nothing had happened.

 Now that he's rich he certainly acts the part

 We were too late to act upon his suggestion.

Solution:

She acted as if nothing had happened-to pretend that something is true — usually used in the phrases act as if, act as though, and act like
Now that he's rich he certainly acts the part. [=behaves like a rich person]-To act the part is to behave the way that people in a particular role usually behave.
 act out-to behave badly especially because you are feeling painful emotions (such as fear or anger)
 act up-to behave badly : to act in a way that is not polite or acceptable
We were too late to act upon his suggestion.-to use (something, such as a feeling or suggestion) as a reason or basis for doing something

Q19. Back

 I'll back you up if I think you're right.

 Remember to back up your work before you log off.

 The deal fell through when investors backed out.

 She was getting irritated, so I backed into.

 The strike is expected to continue because neither side is willing to back down.

Solution:

She was getting irritated, so I backed off.-to stop bothering someone
I'll back you up if I think you're right means to give help or support to
 back out -to decide not to do something that you had agreed to do
back down-to stop arguing or fighting for something

Q20. Ask

 He greeted us warmly and asked after our families

 We usually ask around before trying a new restaurant.

 If you invest your money without doing careful research, you're just asking for trouble.

 Ask yourself what you would do in that situation.

 Unhappy with the service, he asked to the store manager.

Solution:

ask for (someone)-to request to see or talk to (someone)
ask after (someone or something)-to ask about (someone or something)
ask around-to ask many people to tell you information about someone or something
To ask yourself something is to think about the true answer to a question.

Test of the Day

Q1. India’s first and longest ropeway to connect Mumbai with the famous Island in the Arabian Sea is planned to be constructed by the Mumbai Port Trust. What is name of that Island? 

 Majuli Island

 Havelock Island

 Barren Island

 Elephanta Island

 Diu Island

Solution:

India’s first and longest ropeway to connect Mumbai with the famous Elephanta Island in the Arabian Sea is planned to be constructed by the Mumbai Port Trust, according to the official report.

Q2. The Indian Navy has begun a joint maritime exercise with the French Navy at the Mediterranean Sea to further deepen combat coordination between the two navies. The Joint exercise is named as ____________.

 PARAKRAM

 VARUNA

 KAUSHAL

 GRAMANA

 SHAKTI

Solution:

The Indian Navy has begun a joint maritime exercise with the French Navy at the Mediterranean Sea to further deepen combat coordination between the two navies. Guided missile destroyer INS Mumbai, stealth frigate INS Trishul and fleet tanker INS Aditya are taking part in the 'Varuna' exercise.

Q3. The White House has recently named a retired Marine major general ______________ as the new Director of the Secret Service.

 Sandish Machol

 Sebastian Andrew

 Randolph Ailes

 Johnnefer Sout

 Harrynara Dahol

Solution:

The White House has named a retired Marine major general Randolph Ailes as the new Director of the Secret Service. Ailes was in the Marine Corps for 35 years.

Q4. The World Intellectual Property Day is celebrated globally on __________.

 March 28

 March 21

 April 19

 April 28

 April 26

Solution:

Every April 26, World Intellectual Property Day is celebrated to learn about the role that intellectual property rights (patents, trademarks, industrial designs, copyright) play in encouraging innovation and creativity.

Q5. An Asset Reconstruction Company (ARC) in India is associated with-

 UCPDC

 DICGC

 NPA

 Home Loan

 None of the given options is true

Solution:

Asset Reconstruction Company (ARC) also known as Securitization company in India helps to unlock the value of non-performing assets (NPA) in banks through Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002.ARC is regulated by RBI as a Non Banking Financial Company (NBFC).

Directions (6-10): Study the following information carefully and answer the question given below- 
A, B, C, D, E, F, G and H are eight friends sitting around a circular table. Four of them are facing away from the centre and four of them are facing towards the center. Each of them reads different magazine -Frontline, Outlook, Famina, Filmfare, Digit, Tinkle, Autocar and Yojna. All of them are wearing different colour shirts viz. White, Blue, Orange, Pink, Green, Purple, Yellow and Red but not necessarily in the same order. E faces towards the centre and wear White shirt. Both the immediate neighbors of E face away from the centre and are wearing either Orange or Pink colour shirt. D faces away from the center and he reads Frontline magazine. Both the immediate neighbours of D do not face away from the centre. E sits third to the right of F, who wears Green shirt and faces away from the centre. C sits third to the left of F. The one who wears Orange shirt sits opposite to F. The one who wears Blue shirt is not the immediate neighbour of F and faces away from the centre. A sits second to the left of C and he wears neither Yellow nor Red shirt. The one who wears Yellow shirt sits between H and F. B faces away from the centre, and reads Outlook magazine and does not have a Blue shirt. E reads Autocar magazine. The person who reads Filmfare magazine sits opposite to D. The one who wears Purple shirt read Famina magazine. The person who reads Yojna magazine is not near to G or E. C faces the person who reads Tinkle magazine.

 Q6. Which one of the following related to Purple?

 E

 F

 B

 D

 A

Solution:
(6-10)

Q7. Which one of the following related to Orange?

 B

 H

 F

 D

 None of these

Q8. How many persons are there between the one who related to Pink and the one who related to Orange when counted in anticlockwise direction from the person who related to Pink?

 Four

 Two

 Three

 CND

 None of these

Q9. Which one of the following related to Pink?

 B

 H

 F

 D

 None of these

Q10. Which of the following is B’s position with respect to F?

 Fourth to the left

 Third to the right

 Second to the left

 Second to the right

 None of these

Directions (11-15): Study the following Bar-graph and answer the question carefully. 
Percentage of people in a city (Total number of People = 40250)  

Q11. What is the respective ratio of the men to the women working in night shifts from the call center and Chemistry Industries respectively?

 22 : 3

 21 : 4

 23 : 5

 7 : 1

 None of these

Solution:

Q12. What is the approximate average number of females working in night shifts from all the industries together?

 2200

 2100

 2150

 2227

 None of these

Solution:

Q13. Total number of men is approximately what percent of total number of women working in night shifts from all industries together?

 200%

 250%

 20%

 100%

 None of the above

Solution:

Q14. The number of women working in night shifts from the gaming industry is approximately what percent of the total number of women working in the night shifts from all the industries together?

 11%

 13%

 15%

 17%

 None of these

Solution:

Q15. What is the difference between the total number of men and the total number of women working in night shifts from all the industries together?

 13500

 12542

 13524

 14000

 13000

Solution:

Directions (16-20): Rearrange the following six sentence (A), (B), (C), (D), (E) and (F) in the proper sequence to form a meaningful paragraph; then answer the questions given below them.  
(A) The application of economic, environmental and consumer pressures have been on an increase in recent years.
(B) As a result, our agro-food production and technology are amongst the most advanced in the world.
(C) They are thus able to provide expertise and technology to satisfy the needs of agro-food production.
(D) In turn, the support industries have developed to an equally advanced state.
(E) They have also equipped themselves with the necessary expertise to satisfy the most exacting requirements of the overseas markets.
(F) These have greatly influenced the development of the agriculture and food industries in our country.

 Q16. Which of the following should be the SECOND sentence after rearrangement?

 F

 E

 D

 C

 B

Solution:

Option A is the starting statement. Second, sentence is statement F.

Q17. Which of the following should be the THIRD sentence after rearrangement?

 F

 E

 D

 C

 B

Solution:

D is the third option.

Q18. Which of the following should be the FOURTH sentence after rearrangement?

 F

 E

 D

 C

 B

Solution:

They have also equipped themselves with the necessary expertise to satisfy the most exacting requirements of the overseas markets.

Q19. Which of the following should be the FIFTH sentence after rearrangement?

 F

 E

 D

 C

 B

Solution:

They are thus able to provide expertise and technology to satisfy the needs of agro-food production.

Q20. Which of the following should be the SIXTH (LAST) sentence after rearrangement?

 F

 E

 D

 C

 B

Solution:

It is the conclusive statement As a result, our agro-food production and technology are amongst the most advanced in the world.