Quant Quiz For IBPS Clerk IV

Directions (Qs. 1-5) study the following table  and  answer  the  questions  given below it.

1. In which month the unit B has a contribution of approximately 15% in the total sugar production ?

a) August  b)  June 

c) July  d)  April 

2. Which of the following units shows continuous increase in production  of sugar  over months?

a)A b)  B

c)C d)  D

3. In the case of Unit E, in which of the following pairs of months the production of sugar was equal?

a)April & June         b) June & July 

c)July & August d)  April & May

4.In  the month  of June,  how many units  have a share of more than 25%  of the total production of sugar?

a)one b)Three 

c)Two d)Four

5. What was approximate percentage  decrease in sugar production of unit B in June as compared to April?

a)8 % b)10 %

c)15 % d)18 %

II. Directions (Qs. 6-10): Study the following graph carefully and answer the questions given below it:

6. What was the price difference between commodity A and B in the month of April?

a)250 b)150 

c)100 d)90

7. What was the difference in average price between  commodity A an d B fr om April  to August?

a)86         b)75 

c)95        d)85

8. In which of the following pairs of months was the price of commodity A same?

a)January - March    b)  May- June

c)April- August d)  July-August

9. What was the approximate percentage decrease in  the price of commodity A fr om March to April?

a)1         b) 9

c)14         d)12

10. What  was  the  percentage  increase  i n price of commodity B from January to April?

a)15         b)  20

c)17         d) 10

Answer:

1.     (c) Total production in July

=             32 6 + 1 6 7 + 1 8 7+ 1 4 6 + 1 3 0 = 1 1 3 6

15% of 1136 =(15/100)x 1 136 =1 70.4

2 .      a) Unit A sh ows con tin uous in crease in production of sugar over months.

3 .      d)  I n  Un i t  E,  th e p ai r  of mon th s  th at shows equal sugar production is April and May.

4 .      a )     T ot a l     P r od uct i on     i n      J u n e     =

3 2 0 + 1 6 0 + 1 8 8 + 1 7 3+ 1 3 5 + 1 3 0      =        1 1 0 6

25% of 1106=(25/100)x 1 106 = 276.5 units

ie, Unit A shows more than 25% of the total production of sugar in the month June.

5 .      b) In  unit B, th e pr oduction  in  June =

        160 the production in April = 180 units

Decr ease in  percen tage

= (180-160/180) x 100

=11.11% = 10%

6 (b).The price of commodity A in April

=   1 0 0 0

The price of commodity B in April

=   1 1 5 0

D iffer en ce =  11 50  -  10 00  =  15 0

7) (b). Average price of commodity A from

April to August

= (1000 + 1050 + 975 + 900 + 100 0)/5

= 492 5/5

= 985

Average price of commodity B from 

April to August

(1 1 5 0 +1 1 0 0 + 1 1 0 0 +1 0 0 0 + 9 5 0)/5

=5300 / 5 =1060

Di fference =  1 06 0  -  98 5  =  75

8)(c) Price of commodity A in April = 1000

Price of commodity A in August = 1000

Therefore, in April - August the price of commodity A was same.

9)(d) Price of commodity A in March = 1125

Price of commodity A in April = 1000

Decrease = ((1125-1000)/1125) x 100 =11.11 %

10)(a) Price of commodity B in January = 1000

Price of commodity B in April = 1150

150 x 100/1000 = 15 %

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Bank Rate/Repo Rate/ Bank Rate Vs Repo Rate / Reverse Repo Rate / Cash Reserve Requirement

Bank Rate:

Bank rate is the rate at which the central bank provides money to the other financial institutions or banks. Bank rate enables the financial institutions (or banks) to borrow money from the central bank to fund any money need. Increase in bank rate leads to higher prime lending rate, the rate at which financial institutions lends money to other entities. So by increasing bank rate, the central bank can increase the interest rate in the market and reduce the demand. At the same time, as the lending becomes dearer, it reduces the lending by the financial institutions. Because of these two reasons bank rate hike is used to tame inflation.

Repo Rate:

Repo rate (also known as Repurchase Rate) is the rate at which the Central Bank lends money to the banks on short term basis. Increase in Repo rate leads to higher short term borrowing rate for the banks which again leads to higher prime lending rate, the rate at which banks lends money to other customers or corporates. Increase in Repo rate mainly leads to higher interest rate on home loan, car loans, and corporate borrowings.

The main effect is reduced demand of home, cars by the normal citizen and corporate loans by the Companies used for business expansion. It impacts the revenue and profit margin of the auto sector and housing sector companies aversely and makes the business and industrial expansion more expensive, thus reduce the industrial activity. That’s why increase in repo rate is very effective to control inflation. But at the same time, it hurts the economic and industrial growth severely. Central Bank’s job is to maintain the repo rate properly so that it won’t affect the economic growth activity.

Bank Rate Vs Repo Rate:

The Repo rate and Bank rate are almost similar except the difference that Repo rate is applicable to short-term lending specially for overnight lending to banks by the central bank and governed by the short term interest rate and inflation target but Bank rate is applicable to long term lending by the central bank and governed by the long term interest rate and inflation target.

Both are used in the same manner to control the liquidity in the market and control inflation. But Bank rate mainly aims for long term effect and Repo rate mainly aims for short term effect.

Like China’s Central Bank uses its one year deposit and lending rate to control liquidity and inflation. This is same as Bank rate. While India uses the overnight lending and deposit rate to control liquidity and inflation. This is same as repo rate (for lending) and reverse repo rate (for deposit).

Reverse Repo Rate:

Reverse Repo rate is the rate at which banks deposit their excess money with the central bank for short term only. Central bank uses this tool to reduce liquidity in the market when there is high liquidity in the banking system. If the reverse repo rate is high then the banks will prefer to deposit the excess money with the central bank, thus reduce the liquidity in the system.

The money deposited with the central bank is risk free, that’s why for high reverse repo rate banks always prefer to deposit the excess money with the central bank rather than lending it to the customers which involves significant risks. High reverse repo rate helps to reduce the lending by the banks and reduces the loan supply in the market. Lower loan supply decreases the lending for auto, home etc. which helps to tame inflation.

Cash Reserve Requirement (CRR):

Cash Reserve Requirement or Cash Reserve Ration (CRR) mandates the banks to hold a certain percentage of the deposit in the form of cash or cash equivalents. Banks can lend the rest of the money to the lenders after maintaining the reserve ratio or requirement. Banks do not normally keep the reserved cash with them; instead they deposit it with the RBI or invest in Government bonds or treasury bills which are considered to be cash equivalents. Cash Reserve Requirement is a very strong monetary tool with some important benefits. They are:

• It helps to reduce the liquidity in the financial system. It is a very strong monetary policy tool to check the liquidity in the financial system.
• It encourages the banks to invest in the government bonds and treasury bills, which the government sells to borrow money from the market.
• It also reduces the risk of banking operation by restricting the lending percentage. Reserved money also helps the banks to cater any sudden liquidity crisis.

Statutory Liquidity Ratio (SLR):

Statutory Liquidity Ratio indicates the minimum percentage of total demand and liabilities the banks has to maintain as liquid assets at the close of every business day to support any sudden increase in withdrawal and cash demand. The liquid assets can be in the form of cash, gold and government approved securities. It is an efficient monetary policy tool and the benefits it provides are

• It helps to reduce the liquidity in the financial system by restricting banks to hold some liquidity with them.
• It encourages the banks to invest in the government bonds and treasury bills, which the government sells to borrow money from the market.
• It also reduces the risk of bank being default on sudden increase in demand and liabilities.
• CRR uses total deposit as the reference while SLR uses the total demand or liabilities as the reference while calculating the money to be held. This is the main difference between SLR and CRR.

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Daily GK Update : 11 July 2014

Delhi has become the world’s second most populous city in 2014, as per the World Urbanisation Prospects report published by the UN yesterday. Population in Delhi jumped more than 100% since 1990 to nearly 25 million now. As per the report, India is projected to add the highest number of people to its urban population by 2050, ahead of China.

Tokyo leads the list of most populous cities in the world in 2014 with 38 million population. Its population is expected to decrease and touch 37 million in 2030 when Delhi is expected to overtake Tokyo as the most populous city in the world. Tokyo and New Delhi were followed by Shanghai with 23 million and Mexico City, Mumbai and Sao Paulo, each with around 21 million inhabitants in 2014.

Nagaland Governor Vakkom B Purushothaman resigned from the post after he was given a transfer order to move to Mizoram as Governor. In his resignation letter, he told that Governors had been treated in a manner which was “not fair” after the NDA Government assumed power.

India’s largest food products marketing organization, Amul, has announced its sponsorship of the Indian contingents to the Glasgow 2014 Commonwealth Games and Asian Games, Incheon, South Korea today by signing a MoU with the Indian Olympic Association (IOA).

The brand had earlier sponsored the Netherlands cricket team in the ICC Cricket World Cup in 2011, the Switzerland-headquartered Sauber F1 team at the inaugural Indian Grand Prix as well as the Indian contingent at the London 2012 Olympic Games.

World Population Day is observed today (11th July) across the world to raise awareness of global population issues. The theme for 2014 is “Investing in Young People.” 

The event was established by the Governing Council of the United Nations Development Programme (UNDP) in 1989. It was inspired by the public interest in Five Billion Day on July 11, 1987 approximately the date on which the world’s population reached five billion people.

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Previous questions of Bank PO on English

Directions: In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case.

Technology 1 lives. But 2 if people want it to. This qualification is important, and 3 to understanding progress. Akio Morita, the founder of Sony, used to make inventions not by writing code but by making minute, detailed studies of 4 people lived their lives. It is observable that when he relinquished direct involment in product development at the company in the 1980’s, Sony seemed to lose its 5 of developing a truly radical invention like the walkman that the world takes to enmasse.

However much it seems that machines are in 6 they are not. Yet the belief that technology alone holds the key to 7 the way people work buy, and do business is strong. The rise of dotcoms in the late 1990’s was 8 by a belief that technology was changing the rules of marketing and employee relationships. This is not to say there have been no changes in new economy; but that they 9 to appear where technology makes it 10 for people to communicate with each other, or have been unrelated to the technology. The dynamic is still a human one.

1.(a) ruins                                  (b) changes

   (c) makes                                (d) explains

   (e) shakes

2.(a) not                                     (b) occasionally

   (c) seldom                               (d) only

   (e) never

3.(a) key                                     (b) primarily

   (c) encouraging                       (d) supported

   (e) disastrous

4.(a) why                                     (b) where

   (c) when                                   (d) whether

   (e) how

5.(a) share                                   (b) profit

   (c) knack                                   (d) business

   (e) plant

6.(a) progress                                (b) control

   (c) action                                     (d) operation

   (e) transition

7.(a) encroaching                           (b) accomplishing

   (c) determining                            (d) highlighting

   (e) informing

8.(a) govern                                    (b) successful

   (c) underlying                              (d) disputed

   (e) accompanied

9.(a) tend                                          (b) cease

   (c) fail                                            (d) refuse

   (e) avoid

10.(a) essential                                 (b) laborious

   (c) tough                                        (d) easier

   (e) awkward

ANSWERS:

1.(b)       2.(d)       3.(a)        4.(e)       5.(c)         6.(b)          7.(c)          8.(e)       9.(a)       10.(d)

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Computer Knowledge Quiz for Bank PO

Dear Aspirants,

Computer Knowledge / Awareness questions for Bank PO Exams: Previous year’s questions from Bank PO and clerk exams are very important as they frequently appear in bank exams papers. Attempt previous year’s questions given here.

1. The purpose of the primary key in a database is to

(a) unlock the database

(b) provide  a map of the data

(c) uniquely identify  a record

(d) establish constraints on database operations

(e) None of the above

2.It contains specific rules and words  that express the logical steps of an alogrithm

(a) programming language

(b) syntax

(c) programming structure

(d) logic chart

(e) None of these

3.The design of the network is called the network

(a) Architecture

(b) server

(c) transmission

(d) type

(e) None of these

4.The most frequently used instructions of  a computer program are likely to be fetched  from

(a) the hard disk

(b) cache memory

(c) RAM

(d) registers

(e) None of these

5.It contains data descriptions and defines the name,data type, and length of each field field in the database

(a) data dictionary

(b) data table

(c) data record

(d) data field

(e) None of these

6.Personal logs or journal entries posted on the Web are known as

(a) listserves

(b) Webcasts

(c) blogs

(d) subject directories

(e) None of these

7.It uses pictures(called icons) and menus displayed on the screen to send commands to the computer system

(a) command-based user interface

(b) GUI

(c) system utility

(d) API

(e) None of the above

8.This manual tells you how to use a software program

(a) documentation

(b) programming

(c) technical

(d) user

(e) None of these

9.Which of the following is NOT  a type of broadband Internet connection?

(a) cable

(b) DSL

(c) Dial-up

(d) Satellite

(e) None of these

10.Software,such as viruses,worms and Trojan horses,that has a malicious intent,is known as

(a) spyware

(b) adware

(c) spam

(d) malware

(e) None of these

Answers:

1. b

2. c

3. a

4. b

5. a

6. c

7. b

8. a

9. c

10. d

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