Which of the following correctly describes, what the Bancassurance is<br>1. It is an arrangement where by the branches of a bank sell/distribute insurance products of an insurance company.<br>2. It is a new product developed/launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.<br>3. It is a new product launched by the banks by which they are providing insurance cover to exporters/importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.<br>Select the correct answer

Punit, Qumar, Rohit, Sheetal, Tabir, and Umesh live in a multi-storeyed building. Qumar lives immediately below the floor where Umesh lives. Sheetal lives immediately below the floor where Qumar lives. Tabir lives on one of the floors below the floors where Qumar and Sheetal live but he lives on one of the floor above the floor where Punit lives. Tabir lives immediately below the floor where Rohit lives. Rohit lives immediately below the floor where Sheetal lives. Who lives on the top floor?

A

Punit

B

Qumar

C

Umesh

D

Sheetal

The question given below consists of a statement, followed by three arguments numbered I, II and III. You have to decide which of the arguments is/are ‘strong’ arguments and which is/are ‘weak’ arguments and accordingly choose your answer from the alternatives given below each question. Statement: A shortage of bank branches and ATMs across India’s hinterland is holding back Prime Minister Narendra Modi’s financial inclusion efforts and risks angering rural voters ahead of elections next year. After taking office in 2014, Modi set an ambitious target to open a bank account for every household to ensure welfare funds flow directly to India’s poor, while improving access to credit and insurance programs. He pushed policies that helped bring 310 million people into the formal banking system in just four years, according to the World Bank. Based on the arguments stated below and he information stated above, which of the following arguments state the reason for the problem, ‘But many of India’s villages still lack bank branches or ATMs to help service new customers, while the pace of building new financial infrastructure has actually slowed’. Arguments: I. Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down. II. With an election due next year, the mismatch between the government’s policies and the rural banking system is generating frustration among a key slice of India’s electorate. III. The banking system struggled to keep up, while some gains proved temporary. Nearly half of Indian bank accounts were inactive in 2017, meaning they weren’t used at all in the previous 12 months

A

None is strong.

B

All except III and II are strong.

C

All except II and I are strong.

D

Only II is strong.

E

All are strong.

Which of the following statements are true in context of scheduled banks?
1. All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are Scheduled Banks.
2. These banks comprise Scheduled Commercial Banks and Scheduled Co-operative Banks.
3. Scheduled Commercial Banks in India are categorized into five different groups - SBI, Nationalised Banks, Regional Rural Banks, Foreign Banks and Other Indian Scheduled Commercial Banks in the private sector.
4. Scheduled Co-operative Banks consist of Scheduled State Co-operative Banks and Scheduled Urban Co-operative Banks.

A

1, 2 and 3

B

2, 3 and 4

C

1, 2 and 4

D

1, 2, 3 and 4

There are eight floors in a building. 1 is the lowermost floor, then 2 is just above 1, then 3 is just above 2, and so on till 8. Eight boys B1, B2, B3, B4, B5, B6, B7, and B8 live on these eight floors. None of them lives on the same floor. B2 lives on an even-numbered floor. Only B4 lives between B1 and B5. B8 lives on the lowermost floor. B1 lives above B5. B4 lives on an odd-numbered floor. B2, B3, and B6 don’t live below B7. B2 lives just above B6. If B3 lives on the fifth floor and three of the four given option follows the same logic, then which of the following option doesn’t follow that logic?

A

B5, B6

B

B1, B3

C

B3, B7

D

B8, B4

Five persons S, T, W, N and C live on five floor building. Each person lives on each floor. The lowest floor is numbered as floor 1, its above floor is numbered as floor 2 and so on and the top most floor is numbered as floor 5. T lives in the middle of the floor. W lives below T. W is not lives on the lowest floor. One person lives between T and S. S lives above T. Two persons lives between N and C. Who lives on the lowest floor?

A

N

B

C

Both N and C.

D

Either N or C.

The term 'Core Banking Solution' is sometimes seen in the news. Which of the following statements best describes/describe this term? 1. It is a networking of a bank's branches which enables customers to operate their accounts from any branch of the bank on its network regardless of where they open their accounts. 2. It is an effort to increase RBI's control over commercial banks through computerization. 3. It is a detailed procedure by which a bank with huge non-performing assets is taken over by another bank. Select the correct answer using the code given below:

A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

Read the following information carefully and answer the questions that follow: Seven persons Tina, Vini, Yasir, Rishi, Sanya, Pankaj and Urmila live on the separate floors of a 7- floor building. Ground floor is number one; second floor is number two and so on. Each of them goes to a city viz. Paris, Istanbul, Shanghai, Durban, London, Madrid and Dubai but not necessarily in the same order. Only three people live above the floor on which Sanya lives. Only one person lives between Sanya and the one who goes to Paris. Vini lives just below the person who goes to Madrid. Only three people live between the one who goes to Paris and London. The person who goes to Madrid lives on an even numbered floor. Urmila lives just above Rishi. Urmila does not go to London. Only two persons live between Pankaj and the one who goes to Durban. Pankaj lives above the person who goes to Durban. Yasir does not go to Istanbul. Tina does not live just above or just below Sanya. The one who goes to Shanghai does not live just above or just below Pankaj. Who among the following lives on floornumber 7?

A

Tina\

B

Yasir

C

Pankaj

D

Urmila

A question and two statements numbered I and II are given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. A six storey building consisting of an unoccupied ground floor and above ground floor is floor no. 1, so on and topmost floor is no. 5. Different people lives in building viz. I, J, K, l and M. Who lives on the third floor? I. K lives on an even numbered floor. I lives immediately above L. J lives immediately above I. M does not live on the topmost floor. II. L lives on an odd numbered floor. I and J are immediate neighbours of each other. Similarly, K and M are immediate neighbours of each other. K does not live on an odd numbered floor.

A

The data in Statement I alone are sufficient to answer the question, while the data in Statement II alone are not sufficient to answer the question.

B

The data in Statement II alone are sufficient to answer the question, while the data in Statement I alone are not sufficient to answer the question.

C

The data either in Statement I alone or in Statement II alone are sufficient to answer the question.

D

The data in both the Statements I and II are not sufficient to answer the question.

Seven people A, B, C, D, E, F and G live on separate floors of a 7-floor building. Ground floor is numbered 1, first floor is numbered. 2 and so on until the topmost floor is numbered 7. Each one of these having a different cars-Cadillac, Ambassador, Fiat, Maruti, Mercedes, Bedford and Fargo but not necessarily in the same order. Only three people live above the floor on which A lives. Only one person lives between A and the one having a car Cadillac. F lives immediately below the one having a car Bedford. The one having a car Bedford lives on an even-numbered floor. Only three people live between the ones having a car Cadillac and Maruti. E lives immediately above C. E is not having a car Maruti. Only two people live between B and the one having a car Fargo. The one having a car Fargo lives below the floor on which B lives. The one having a car Fiat does not live immediately above D or immediately below B. D does not live immediately above or immediately below A. G does not have a car Ambassador. Question : How many people live between the floors on which D and the one having a car Bedford ?

A

One

B

Two

C

Three

D

Four

Six persons A, B, C, D, E, and F stand in a queue from top to bottom and live in different cities. Topmost position is number 1 and bottom most is number 6. D lives in Delhi and stands immediately below the person who lives in Haryana. C lives in Kolkata and at the 4th place. E stands two places after C. Person who lives in Chennai stands between the persons who live in Kolkata and Delhi. B lives in Goa and stands three places after D. Person who lives in Mumbai stands three places after A. What is the position of the person who lives in Chennai from the top?

A

Fifth

B

Sixth

C

Fourth

D

Third

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