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SBI PO Main: Mini Practice Set – 2(July 12, 2018)

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Dear Aspirants,

We have already launched an exclusive series of Posts under the head, “Mini Practice Set: SBI PO Main”. This section will definitely aid your preparation for the upcoming SBI PO Main Exam. So, utilize it at the most. All the Best!

Here, the second Mini Practice Set for SBI PO Main.

Directions (Q. 1-5): Study the table below and answer the following questions.
There are five sellers Sourav, Sachin, Viru, Ruchi and Richa. They are selling four different items.
The discount (as percentage) is given on the marked price of these four items by different sellers.

(Note: 1. Some values are missing. You have to calculate these values as per data given in the questions. 2. Marked price of a particular item is same for all of the sellers.)

1. If the profit percentage of Sourav after selling item B is m% and that of Viru for the same item is (2m – 5)% and the ratio of the cost price of item B of seller Sourav to that of Viru is 14 : 17, then find the value of m.

1) 2

2) 3

3) 7

4) 5

5) 6

2. For seller Ruchi, the difference between the selling price of item B and that of item C is ₹ 465. If the sum of the marked price of item B and item C of the same seller is ₹ 430300, then the marked price (in ₹) of item B is what per cent more/less than that of item C of the same seller? (selling price of item B is greater than that of item C.)

1) 24.36%

2) 19.16%

3) 28.16%

4) 20%

5) 25.40%

3. The average selling price of item B of sellers, Sourav and Sachin is ₹ 3225, and that of sellers Sachin and Viru is ₹ 3870. Find the selling price (in ₹ ) of item B by Viru.

1) 6900

2) 8100

3) 7300

4) 7310

5) None of these

4. The selling price of item A and item C of seller Richa are in the ratio of 2 : 3. If the seller earns a profit of 25%, which is ₹ 280, on Item A and 20% on Item C then find the total profit (in ₹ ) by selling item A and item C together by the same seller.

1) 630

2) 620

3) 925

4) 765

5) None of these

5. The cost price of item C is ₹ 50 for all of the sellers and all of them mark the same item at 64% higher than the cost price, then to get a total profit of `70 by all of the five sellers after selling item C, what is the minimum discount that should be allowed by seller Richa on item C?

1) 5.75%

2) 4.50%

3) 7%

4) 10.5%

5) 4.75%

Directions (Q. 6-10): Study the following information carefully and answer the questions given below:

P, Q, R, S, T, U, V and W are eight members of a family. There are three generations in the family and there are three married couples. Each of the family members likes a different sport, viz Hockey, Football, Cricket, Kabaddi, Tennis, Badminton, Volleyball and Rugby but not necessarily in the same order. Each of them works in a different organisation, viz BEL, NTPC, GAIL, BHEL, ONGC, NIC, IOCL and BPCL but not necessarily in the same order. Every night for dinner, seven persons sit around a circular table and one person sits on another single table. All members sitting around the circular table face the centre.

V sits second to the right of the one who works in BPCL. S is the father of W’s father. W’s father does not work in BEL. U’s grandson works in IOCL. Either W or S likes Football. Either V or U likes Badminton. Q has only one child. The one who works in BEL and the one who works in NIC are not immediate neighbours. Either R or P’s father-in-law likes Hockey. Neither V nor T’s son likes Kabaddi. T is sister-in-law of Q. The one who works in BHEL sits on the immediate right of the one who works in NIC. U’s daughter-in-law likes Rugby. Either Q or T likes Cricket. The number of persons between P and W’s father counted in anticlockwise direction from P is equal to the number of persons between P and the one who works in ONGC counted in clockwise direction from P. P is the son-in-law of S. The one who works in GAIL sits second to the left of the one who works in NIC. W is U’s grandson. Either P or U likes Tennis. Neither W’s uncle nor S likes Kabaddi. The one who works in NTPC sits on the immediate left of Q’s father, who is not P. P is an immediate neighbour of S and U. R likes neither Kabaddi nor Volleyball. P and Q are a married couple. Q is a female. S’s son sits on the immediate left of T, who works in ONGC. R is granddaughter of U. The one who works in NTPC and the one who works in BHEL are not immediate neighbours. W does not like Volleyball. R is not an immediate neighbour of the one who likes Kabaddi.

6. Who likes Volleyball?

1) The husband of Q

2) The father of Q

3) The daughter of P

4) Can’t be determined

5) None of these

7. Which of the following statements is true ?

1) P’s daughter sits on the immediate right of P.

2) Q’s husband sits third to the right of S.

3) U sits second to the right of her husband.

4) W and Q are immediate neighbours.

5) None of these

8. Which of the following combinations is/are not true?

1) W – IOCL – Male – Football

2) S – BEL – Male – Tennis

3) Q – NIC – Female – Cricket

4) R – ONGC – Female – Hockey

5) Both 2) and 4)

9. How many persons sit between T’s mother-in-law and Q’s brother if counted in anticlockwise direction from T’s mother-in-law?

1) One

2) None

3) Two

4) Three

5) None of these

10. What is the position of P with respect to his wife?

1) Second to the right

2) Second to the left

3) Third to the left

4) Third to the right

5) None of these

Directions (Q. 11-15): Read the following passage divided into five paragraphs carefully and answer the questions that follow.

Paragraph 1: All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind. Those famous words were not, of course, intended as a description of the impact of the Goods and Services Tax (GST) on India’s unorganised sector. But they would do just as well. GST will put paid to India’s informal sector, drawing most of it into the formal universe and killing off much of what is left behind. This change will erode the flexibility the economy derives from informality and has serious implications for India’s political economy.

Paragraph 2: Not paying taxes is the holy creed of the unorganised sector, although paying off the rare taxman or the more frequent inspector of labour/factories is accepted as part of the real conditions of life. The small producer supplies parts to other small producers, finished goods for export and to distributors for sale to consumers and parts and services to large firms. The small producer provides big credit to large producers, by way of accepting delayed payment for his supplies.

Paragraph 3: He pays minimal wages to employees, makes prompt payment to his own suppliers, pays protection money to the local neta-babu-police nexus and exorbitant rate of interest to those who lend him his working capital in a hardscrabble world where banks and their loans linked to the policy rate set by the Reserve Bank of India are the stuff of dreams and fairy tales. Fierce competition with others of his ilk does not leave him the luxury of paying taxes or honestly for the power he consumes.

Paragraph 4: More than 90 per cent of India’s workers find employment in the unorganised sector. The Central Statistics Office defines the organised sector in manufacturing as enterprises that employ 10 or more workers, if the enterprise uses power, or 20 or more workers, without use of electricity. The rest are unorganised, naturally.

Paragraph 5: The National Commission for Enterprises in the Unorganised Sector defined the unorganised sector as the totality of all unincorporated suppliers of goods or services with less than 10 total workers. These definitions matter less than the sector’s role in cushioning the impact of regulation on the economy. Large companies can sidestep laws on minimum wage and working conditions by outsourcing much of the work to small informal firms beyond the scrutiny of the state.

11. What is the opposite of the phrase ‘all that is holy is profaned’, as used in paragraph 1?
(I) Nothing in this world is permanent.
(II) Change is the rule of nature.
(III) All that is sacred remains so.

1) Only (I)

2) Only (II)

3) Only (III)

4) Both (I) and (II)

5) Both (II) and (III)

12. How does the small producer provide big credit to large producers?
(I) By suppling finished goods to other small producers
(II) By accepting prompt payment for his supplies
(III) By providing quick services to large firms

1) Only (I)

2) Only (II)

3) Both (I) and (II)

4) All (I), (II) and (III)

5) None of (I), (II) and (III)

13. What is the meaning of the phrase ‘the stuff of dreams and fairy tales’ as used in paragraph 3?
(I) The small producer is still far removed from the smooth world of banking.
(II) The wages paid to employees are so low that these cannot be found in any part of the world except India.
(III) The world of small producers is not inferior to a fairy land.

1) Only (I)

2) Only (II)

3) Only (III)

4) Both (I) and (II)

5) Both (II) and (III)

14. Find the incorrect statement on the basis of paragraph 4.
(I) Less than 10 per cent of India’s workers find employment in the organised sector.
(II) As per the definition of Central Statistics Office, the organised sector in manufacturing sector consists of enterprises that employ 20 or more workers without use of electricity.
(III) An enterprise that employs 10 or more workers but does not use electricity comes under the definition of unorganised sector.

1) Only (I)

2) Only (II)

3) Only (I) and (II)

4) All (I), (II) and (III)

5) None of (I), (II) and (III)

15. What is the meaning of the phrase “cushioning the impact” as used in the last paragraph?
(I) Mitigating the adverse effect of regulation
(II) Softening the effect or regulation
(III) Worsening the impact of regulation

1) Only (I)

2) Both (I) and (II)

3) Both (II) and (III)

4) Only (III)

5) None of (I), (II) and (III)

16. Global Gender Gap Report is released by which of the following organisations?

1) ILO

2) UNDP

3) WEF

4) UNCTAD

5) UNICEF

17. The 58th National Interstate Senior Athletics meet was held recently in

1) Jaipur

2) Bhopal

3) Dehradun

4) Shimla

5) Guwahati

18. Section 9 of the Banking Regulation Act prohibits the banking companies from holding any immovable property except for its own use for a period exceeding 7 years from acquistion of property. The RBI may further extend this period by 

1) 10 years

2) 8 years

3) 6 years

4) 5 years

5) 2 years

19. ICAAP is a process which Provides details of how the bank assesses its individual capital needs and manages its capital position and explains the bank’s management and control processes. In ‘ICAAP’ the second ‘A’ stands for –

1) Adequacy

2) Assets

3) Account

4) Assessment

5) Acquisition

20. India recently announced a $100-mn credit to which country for augmenting its defence capabilities?

1) Maldives

2) Myanmar

3) Djibouti

4) Yemen

5) Seychelles

Answers:
  1. 4
  2. 5
  3. 4
  4. 1
  5. 5
  6. 2
  7. 3
  8. 5
  9. 1
  10. 2
  11. 3
  12. 5
  13. 1
  14. 5
  15. 2
  16. 3
  17. 5
  18. 4
  19. 4
  20. 5
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