SBI-PO 2018
Day-6 (30 Din -Prelims In )
Hi guys,
Don't panic if you haven't clear any topic in Quant. and Reasoning. Its time to sharpen up your strengths and channelize all your energy in time management and smart work strategies.
Remember time is the key factor in Prelims exam. So go for it, its your time.
Puzzle::
Eight people – A, B, C, D, E, F, G and H are sitting around a circular
table facing the centre, but not necessarily in the same order. All of them are
at equidistant. Each one of them teaches different subjects viz., English,
Hindi, Mathematics, Biology, Psychology, Physics, Chemistry and Accounts, but
not necessarily in the same order.
The person who teaches Accounts, sits third to the right of G. C is an
immediate neighbour of G. The person who teaches Mathematics sits second to the
left of C. B sits third to the right of H. H teaches neither Accounts nor
Mathematics. Only two persons sit between C and the person who teaches Physics.
A and F are immediate neighbours of each other. Neither A nor F teaches
Accounts. The person who teaches English sits second to the right of A. Two
persons sit between D and the person who teaches Hindi. D does not teach
Accounts. The person who teaches Psychology is an immediate neighbour of the
person who teaches Accounts. The person who teaches Physics sits second to the
left of A. One of the immediate neighbours of G teaches Chemistry.
1. Who among the
following teaches Chemistry?
(1) A
(2) H
(3) D
(4) G
(5) None of these
2. What is the
position of B with respect to the person who teaches Psychology?
(1) Second to the
left
(2) Third to the
right
(3) Third to the left
(4) Second to the
right
(5) None of these
3. Who among the
following sits exactly between the person who teaches Biology and the person
who teaches Physics?
(1) The person who
teaches Mathematics
(2) E
(3) The person who
teaches Accounts
(4) Cannot be
determined
(5) There is no such
person
4. Which of the
following subjects does E teach?
(1) Chemistry
(2) Hindi
(3) Accounts
(4) English
(5) None of these
5. Which of the
following statements is true with regard to the given sitting arrangement?
(1) The person who
teaches Hindi is an immediate neighbour of both H and D.
(2) One of the
immediate neighbours of F teaches Biology
(3) E is sitting
exactly between B and the person who teaches Mathematics
(4) The person who
teaches Chemistry is second to the right of E
(5) All are true
6. Four of the
following five are alike in a certain way based on the given sitting
arrangement and hence form a group. Which is the one that does not belong to
the group?
(1) CF
(2) GA
(3) BD
(4) EH
(5) BA
1.
(2)
2.
(4)
3.
(1)
4.
(3)
5.
(2)
6.
(5)
use your failure
READING COMPREHENSION
Financial Inclusion (FI) is an emerging priority for banks that have
nowhere else to go to achieve business growth. The viability of FI business is under question, because while banks and
their delivery partners continue to make investments, they haven't seen commensurate returns.
In markets like India, most programmes are
focused on customer on-boarding, an expensive process which people often find
difficult to afford, involving issuance of smart cards to the customers.
However, large-scale customer acquisition
hasn't translated into large-scale business, with many accounts lying dormant
and therefore yielding no return on the bank's investment. For the same reason,
Business Correspondent Agents, who constitute the primary channel for financial
inclusion, are unable to pursue their activity as a full-time job. One major
reason for this state of events is that the customer on-boarding process is
often delayed after the submission of documents (required to validate the
details of the concerned applicant) by the applicant and might take as long as
two weeks. By this time the initial enthusiasm of applicants fades away.
Moreover, the delivery partners don't have the
knowledge and skill to propose anything other than the most basic financial
products to the customer and hence do not serve their banks"' goal of
expanding the offering in unbanked markets.
Contrary to popular perception, the inclusion segment is not a singular impoverished, undifferentiated mass and it is important to navigate its diversity to identify the right target customers for various programmes.
Contrary to popular perception, the inclusion segment is not a singular impoverished, undifferentiated mass and it is important to navigate its diversity to identify the right target customers for various programmes.
Rural
markets do have their share of rich people who do not use banking services
simply because they are inconvenient to access or have low perceived value. At
the same time, urban markets, despite a high branch density, have multitude of
low wage earners outside the financial net.
Moreover,
the branch timings of banks rarely coincide with the off-work hours of the
labour class.
Creating affordability is crucial in tapping the unbanked market. No doubt pricing is a tool, but banks also need to be innovative in right-sizing their proposition to convince customers that they can derive big value even from small amounts. One way of doing this is to show the target audience that a bank account is actually a lifestyle enabler, a convenient and safe means to send money to family or make a variety of purchases.
Creating affordability is crucial in tapping the unbanked market. No doubt pricing is a tool, but banks also need to be innovative in right-sizing their proposition to convince customers that they can derive big value even from small amounts. One way of doing this is to show the target audience that a bank account is actually a lifestyle enabler, a convenient and safe means to send money to family or make a variety of purchases.
Once
banks succeed in hooking customers with this value proposition they must
sustain their interest by introducing a simple and intuitive user application,
ubiquitous access over mobile and other touch points, and adopting a banking
mechanism which is not only secure but also reassuring to the customer. Technology
is the most important element of financial inclusion strategy and an enabler of
all others.
The
choice of technology is therefore a crucial decision, which could make or mar the agenda. Of the various
section criteria, cost is perhaps the most important. This certainly does not
mean buying the cheapest package, but rather choosing that solution which by
scaling transactions to huge volumes reduces per unit operating cost. An
optimal mix of these strategies would no doubt offer an innovative means of
expansion in the unbanked market.
1. Which of the following facts is true as per the passage?
(1) People from rural areas have high perceived value of banking services.
(2) Cost is not a valid criterion for technological pack selection for financial-inclusion initiatives.
(3) The inclusion segment is a singular impoverished undifferentiated mass.
(4) The branch timings of banks generally do not coincide with the off-work hours of the labour class in urban markets.
(5) All the given statements are true
2. According to the
passage, for which of the following reasons do the delivery partners fail to
serve their bank-‘s goal to expand in the unbanked markets?
(A) They do not have adequate
client base to sell they financial products.
(B) They do not have adequate knowledge and skills to explain anything beyond basic financial products to the customers.
(C) They do not have the skills to operate advanced technological aids that are a prerequisite to tap the unbanked-market.
1) Only (B)
2) Only (C)
3) All (A), (B) & (C)
4) Only (A)
5) Both (B) and (C)
3. According to the passage, for which of the following reasons is the viability of financial inclusion under question?
(1) Banks always prefer the cheapest package (to cut cost) while making a choice of technology to be used.
(2) The Business Correspondent Agents are highly demotivated to pursue their activity as a full-time job.
(3) The investments made by banks and their delivery partners are not yielding equal amounts of returns.
(4) Banks do not have adequate number of delivery partners required to tap the unbanked market.
(5) Banks do not have adequate manpower to explore the diversity of the unbanked market and thereby identify the right target customers for various programs.
4. In the passage, the author has specified which of the following characteristics of the customer on-boarding process?
(1) It involves collection of documents from the applicants in order to validate their details.
(2) It involves issuance of smart cards to the customers.
(3) It suffers from latency as it takes a long time after submission of documents by the customer.
(4) It is an expensive process which people find difficult to afford.
(5) All of the given characteristics have been specified
5. What did the author try to highlight in the passage?
(A) The ailing condition of financial inclusion business at present
(B) Strategies that may help banks expand in the unbanked market
(C) Role of government in modifying the existing financial-inclusion policies
(1) Both A & B
2) All A, B, & C
(3) only C
(4)Only A
(5) Only B
6. According to the passage, which of the following ways may help banks sustain the interest of their customers after hooking them?
(A) Adoption of a banking mechanism which is not only secure but reassuring to the customers
(B) Increasing the number of delivery partners in rural market
(C) Introduction of a simple and intuitive user application
(1) Only (A)
(2) Only (C)
(3) Only (B)
(4) All (A), (B) and (C)
5) Both (A) and (C)
For Qs(7-8): Choose the word which is MOST SIMILAR in meaning to the word printed in bold as used in the passage.
7. Multitude
1) Impoverished
2) Handful
3) Acknowledged
4) Plenty
5) Solitude
8. Ubiquitous
(1) Quintessential
(2) Popular
(3) Omnipresent
(4) Simplified
(5) Abnormal
For Qs (9-10): Choose the word which is MOST OPPOSITE in meaning to the word printed in bold as used in the passage.
9. Dormant
1) Emaciated
2) Pertinent
3) Cornered
4) Rejected
5) Active
10. Delayed
1) Perturbed
2) Popularised
3) Expedited
4) Stabilised
5) Represse
ANSWERS
1. 4
2. 1
3. 3
4. 5
5. 1
6. 5
7. 4
8. 3
9. 5
10. 3
(B) They do not have adequate knowledge and skills to explain anything beyond basic financial products to the customers.
(C) They do not have the skills to operate advanced technological aids that are a prerequisite to tap the unbanked-market.
1) Only (B)
2) Only (C)
3) All (A), (B) & (C)
4) Only (A)
5) Both (B) and (C)
3. According to the passage, for which of the following reasons is the viability of financial inclusion under question?
(1) Banks always prefer the cheapest package (to cut cost) while making a choice of technology to be used.
(2) The Business Correspondent Agents are highly demotivated to pursue their activity as a full-time job.
(3) The investments made by banks and their delivery partners are not yielding equal amounts of returns.
(4) Banks do not have adequate number of delivery partners required to tap the unbanked market.
(5) Banks do not have adequate manpower to explore the diversity of the unbanked market and thereby identify the right target customers for various programs.
4. In the passage, the author has specified which of the following characteristics of the customer on-boarding process?
(1) It involves collection of documents from the applicants in order to validate their details.
(2) It involves issuance of smart cards to the customers.
(3) It suffers from latency as it takes a long time after submission of documents by the customer.
(4) It is an expensive process which people find difficult to afford.
(5) All of the given characteristics have been specified
5. What did the author try to highlight in the passage?
(A) The ailing condition of financial inclusion business at present
(B) Strategies that may help banks expand in the unbanked market
(C) Role of government in modifying the existing financial-inclusion policies
(1) Both A & B
2) All A, B, & C
(3) only C
(4)Only A
(5) Only B
6. According to the passage, which of the following ways may help banks sustain the interest of their customers after hooking them?
(A) Adoption of a banking mechanism which is not only secure but reassuring to the customers
(B) Increasing the number of delivery partners in rural market
(C) Introduction of a simple and intuitive user application
(1) Only (A)
(2) Only (C)
(3) Only (B)
(4) All (A), (B) and (C)
5) Both (A) and (C)
For Qs(7-8): Choose the word which is MOST SIMILAR in meaning to the word printed in bold as used in the passage.
7. Multitude
1) Impoverished
2) Handful
3) Acknowledged
4) Plenty
5) Solitude
8. Ubiquitous
(1) Quintessential
(2) Popular
(3) Omnipresent
(4) Simplified
(5) Abnormal
For Qs (9-10): Choose the word which is MOST OPPOSITE in meaning to the word printed in bold as used in the passage.
9. Dormant
1) Emaciated
2) Pertinent
3) Cornered
4) Rejected
5) Active
10. Delayed
1) Perturbed
2) Popularised
3) Expedited
4) Stabilised
5) Represse
ANSWERS
1. 4
2. 1
3. 3
4. 5
5. 1
6. 5
7. 4
8. 3
9. 5
10. 3
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ALL THE BEST !!!
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| use your failure |
