Directions (1-5): In the following number series, a wrong number is given. Find out that wrong number.
Showing posts with label STUDY NOTES. Show all posts
Showing posts with label STUDY NOTES. Show all posts
Tuesday 28 March 2017
Reasoning Practice Test For SBI PO and Clerk
Directions (Q. No. 1-5) : In each question below are given two statements followed by two conclusions numbered I and II. You have to take the given statements to be true even if they seem to be at variance with commonly known facts and then decide which of the given conclusions logically follows from the given statements, disregarding commonly known facts.
Give answer:
1) If only conclusion I follows
2) If only conclusion II follows
3) If either conclusion I or II follows
4) If neither conclusion I nor II follows
5) If both conclusions I and II follow
1.
Statements :
All doctors are graduates.
All professors are graduates.
All engineers are graduates.
Conclusions :
I) Some professors can be doctors.
II) Some engineers may be doctors.
2. Statements :
Some cats are pens.
Some pens are big.
Some big are costly.
Conclusions :
I) No cat is costly.
II) Some big are definitely not cats.
3. Statements :
Some Benches are magazines.
All magazines are novels.
Some novels are papers.
Conclusions :
I) All benches being magazines is a possibility.
II) All papers being novels is a possibility.
4.Statements :
All cats are fans.
All fans are guns.
Some guns are hats.
Conclusions :
I) No fan is hat.
II) Some fans are hats.
5.Statements :
All tables are rats.
Some rats are chairs.
Some chairs are desks.
Conclusions :
I) Some desks are not tables.
II) All desks are tables.
Directions (Q. No. 6 - 10) : Each of the questions below consists of a question and two statements marked I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and Give answer :
1) If 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.
2) If the data in statements I alone are not sufficient to answer the question, while the data in statement II alone are sufficient to answer the question.
3) If the data either in statement I or in statement II alone are sufficient to answer the question.
4) If the data even in both the statements I and II together are not sufficient to answer the question.
5) If the data in both statements I and II together are needed to answer the question.
6. Towards which direction is A from R ?
I) A is exactly to the south east of M.
II) R is exactly to the south of M.
7. How many daughters does A have ?
I) P and Q are the only daughters of B.
II) D is brother of P and son of A.
8. Among P, Q, R, S and T sitting in a straight line facing north, who sits exactly in the middle of the line?
I) P sits third to the left of S. T is second to the left of R and an immediate neighbour of S.
II) P is second to the left of T who is second to the left of R.
9. Who amongst P, Q, R, S, T and U is the tallest?
I) P is taller that S and T but shorter than R. Q is taller than R.
II) T is taller than S. P is not the tallest.
10. Is C the grandmother of M ?
I) C is the mother of D. D is the brother of M's father.
II) M is son of N, who is daughter of C.
Directions (Q. No. 11-15) : Read each statement carefully and answer the following questions:
11. Which of the following expressions will be true if the expression D >= E > f, R >=B>T = D is definitely true ?
1. R>=D
2. B>=D
3. F>R
4. T>F
5. R>=E
12 . Which of the symbols should be placed in the blank space from left to right respectively to complete the expression in such a manner that T > B, C > T and D > F are definitely true ?
D <=T_X, D_B, C=X, F_B
1. <, >, <
2. >, >, <
3. =, <, >
4. =, <. <
5. >, =, <
13. Which of the following symbols should replace the question mark (?) in the given expression to make the expression A > N and K>=N definitely true ?
A ? K >= L ? M ? N < O
1. <, >, =
2. >, >=, =
3. >, <=, >=
4. >, =, <=
5. None of these
14. Which of the following symbols should be placed in the blank spaces respectively from left to right to complete the given expression in such a manner that the expression B > W is definitely false and the expressions Z >=B and Y>=V are definitely true ?
Z_Y_X>=W=V_B
1. >=, >=, >=
2. <=,<=, >=
3. >,>=, >
4. >=, =.<
5. None of these
15 . In which of the following expressions is 'P > Q' not definitely true ?
1. Q > C <= R < P
2. Q <= R < S <= P
3. P > S = T >= Q
4. P > S = T >=Q
5. None of these
Directions (Q. No. 16-20) : Study the following information carefully and answer the given questions.
A word and number arrangement machine when given an input line of words and numbers rearranges them following a particular rule in each step. The following is an illustration of input and rearrangement :
Input : desk caring 32 18 today for 58 78
Step I : 18 desk caring 32 today for 58 78
Step II : 18 today desk caring 32 for 58 78
Step III : 18 today 32 desk caring for 58 78
Step IV : 18 today 32 for desk caring 58 78
Step V : 18 today 32 for 58 desk caring 78
Step VI : 18 today 32 for 58 desk 78 caring
And Step VI is the last step.
As per the rules followed in the above steps, find out in each of the following questions the appropriate Step for the given input.
16. Input : year 24 far 32 17 12 widevgoal
Which of the following will be Step V of the above input?
1. 12 year 17 wide 24 goal 32 far
2. 12 year 24 wide fax 32 17 goal
3. 12 year 24 far 32 17 wide goal
4. There will be no such step
5. None of these
17. Step IV of an input : 13 honk 29 father 83 76 door eye. Which of the following will be Step VI?
1. 13 honk 29 father 76 door 83 age
2. 13 honk 29 father 76 age 83 door
3. 13 honk 29 father 76 83 door age
4. 13 honk 29 father 76 eye 83 door
5. None of these
18. Step III of an input : 17 water 32 85 73 tax break home. How many more steps will be required to complete the rearrangement ?
1. Five
2. Four
3. Six
4. Two
5. Three
19. Step III of an input : 37 xmas 42 61 53 violet green red. How many more steps will be required to complete the rearrangement ?
1. 3
2. 4
3. 5
4. 6
5. None of these
20. Step II of an input : 28 sure 72 63 height over 42 lamp. Which of the following is definitely the input?
1. height 28 sure 72 63 over 42 lamp
2. 72 63 28 sure height over 42 lamp
3. 63 28 sure 72 height over 42 lamp
4. Cannot be determined
5. None of these
Solutions :
1.As the given statements are affirmative both the positive possibilities follow. Ans : 5
2.As the given statements are affirmative both the negative definite conclusions don't follow. Ans : 4
3.As the given statements are affirmative both the positive possibilities follow. Ans : 5
4. Both the conclusions form a complementary pair. So, either I or II follows. Ans : 3
5. Both the conclusions form a complementary pair. So, either I or II follows. Ans : 3
6. The distance between A and M as well as between R and M is not given. Hence, we cannot find our direction. Ans : 4
7. By combining both the statements, it can be concluded that A and B are married couple, and P and Q are the only daughters of A and B. Ans : 5
8. Either statement I or statement II is sufficient to answer the question. Ans : 3
P Q T S R
9. Only statement I is sufficient.
Q > R > P > S & T Ans : 1
10. Only statement I is sufficient. C's gender is not known in the second statement. Ans : 1
(11-15) Answers :
11) 4
12) 1
13) 2
14) 1
15) 1
(16-20) : The illustration clearly shows that numbers and words are arranged alternatively in such a way that numbers in ascending order and words in revers order.
16.
Input : year 24 far 32 17 12 wide goal
Step I : 12 year 24 far 32 17 wide goal
Step II : 12 year 17 24 far 32 wide goal
Step III : 12 year 17 wide 24 far 32 goal
Step IV : 12 year 17 wide 24 goal far 32
Step V : 12 year 17 wide 24 goal 32 far
Ans : 1
17.
Step IV : 13 honk 29 father 83 76 door eye
Step V : 13 honk 29 father 76 83 door eye
Step VI : 13 honk 29 father 76 eye 83 door
Ans : 4
18.
Step III : 17 water 32 85 73 tax break home
Step IV : 17 water 32 tax 85 73 break home
Step V : 17 water 32 tax 73 85 break home
Step VI : 17 water 32 tax 73 home 85 break
To complete the rearrangement there will be 3 more steps.
Ans : 5
19.
Step III : 37 xmas 42 61 53 violet green red
Step IV : 37 xmas 42 violet 61 53 green red
Step V: 37 xmas 42 violet 53 61 green red
Step VI : 37 xmas 42 violet 53 red 61 green
Hence to complete the rearrangement 3 more steps will be required.
Ans : 1
20. Previous steps cannot be determined.
Ans : 4
Saturday 4 March 2017
Microsoft Excel: Short Notes For Banking Exams
MS EXCEL
● Microsoft Excel is a spreadsheet application developed by Microsoft for Microsoft Windows and Mac OS.
●It features calculation, graphing tools, pivot tables, and a macro programming language called Visual Basic for Applications.
● The intersection of a row and column is called a Cell.
● The cell in which we are currently working is known as Active Cell.
● Microsoft Excel's native file formats are denoted either by a .xls or .xlsx file extension.
● A Worksheet is made of columns and rows, wherein columns run Vertically and rows run Horizontally.
● Up to Excel 2003, the standard amount of columns has been 256 and 65,536 rows.
● Excel 2007 onwards, the maximum number of rows per worksheet increased to 1,048,576 and the number of columns increased to 16,384.
● Microsoft Excel has the basic features of all spreadsheets, using a grid of cells arranged in numbered rows and letter-named columns to organize data manipulations like arithmetic operations
● The letter and number of the intersecting column and row is the Cell Address.
● Short cut key to insert a new worksheet in MS-Excel is ALT + Shift + F1 + or F11.
● Sheet tab is the tab at the bottom of the worksheet window that displays the name of the worksheet.
● A Microsoft office document that contains one or more worksheets is known as a Workbook.
Shortcut Keys of MS-Excel
Key. Description
F2. Edit the selected cell
F5. Go to a specific cell
F7. Spell check selected text and/or document
F11. Create chart
Ctrl + Shift + ; Enter the current time
Ctrl + ; Enter the current date
Shift + F3 Open the Excel insert. function window
Shift + F5. Bring up Find and Replace. box.
Ctrl + A. Select all contents of the worksheet
Ctrl + B. Bold highlighted selection
Ctrl + I. Italic highlighted selection
Ctrl + U. Underline highlighted selection
Ctrl + P. Bring up the print dialog box to begin printing
Ctrl + Z. Undo last action
Ctrl + F9. Minimise current workbook
Ctrl + F10. Maximise current workbook
Ctrl + F6. Switch between open workbooks/window
Ctrl + page up. Move between Excel worksheet in the same Excel document.
Ctrl + Page Down
Move between Excel worksheets in the same Excel document
Ctrl + Tab
Move between two or more open Excel files
Alt + =. Create a formula to sum all. of the above cells
Ctrl + ’. Insert the value of the above cell into cell currently selected.
Ctrl + Arrow key. Move to next section to text
Ctrl + Space. Select entire column
Shift + Space. Select entire row
Friday 3 March 2017
CURRENCY TERMS WITH EXPLANATION FOR SBI PO
List of Currency Terms With Explanation
Money as a means of payment consists of coins, paper money and withdrawable bank deposits.
Legal tender:
As per provisions of coinage Act 1996, bank notes, currency notes and coins (Re. 1 and above) are legal tender for unlimited amount. The subsidiary coins (below Re. 1) are legal tenders for sum not exceeding Re 1. Issue of 1, 2 and 3 paisa coins discontinued wef Sep 16, 1981.
Currency chest:
Currency chests are operated by the Reserve Bank of India (RBI) so that they can provide good quality currency notes to the public. However, RBI has appointed commercial banks to open and monitor currency chests on behalf of RBI. The money kept in currency chests in the commercial banks is considered to be kept in RBI.
Small coin depot:
The bank branches are also authorized to establish Small Coin Depots to stock small coins. The Small Coin Depots also distribute small coins to other bank branches in their area of operation.
Soiled note:
"Soiled note" means a note which, has become dirty due to usage and also includes a two piece note pasted together wherein both the pieces presented belong to the same note and form the entire note.
Mutilated Note:
Mutilated banknote is a banknote, of which a portion is missing or which is composed of more than two pieces.
Imperfect Note:
Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.
Soiled and Mutilated banknotes can be exchanged for value. All banks are authorized to accept soiled banknotes for full value. They are expected to extend the facility of exchange of soiled notes even to non-customers. All currency chest branches of commercial banks are authorized to adjudicate mutilated banknotes and pay value for these, in terms of the Reserve Bank of India (Note Refund) Rules, 2009
A mutilated banknote can be exchanged for full value if:
1. For denominations of Re. 1, Rs. 2, Rs. 5, Rs. 10 and Rs. 20, the area of the single largest undivided piece of the note presented is more than 50 percent of the area of respective denomination, rounded off to the next complete square centimeter.
2. For denominations of Rs. 50, Rs.100, Rs. 500 and Rs. 1000, the area of the single largest undivided piece of the note presented is more than 65 percent of the area of respective denomination, rounded off to the next complete square centimeter.
Saturday 18 February 2017
IMPORTANT BUDGET TERMINOLOGIES FOR SBI PO
Dear Aspirants,
As you know that in general awareness section more then 30% questions comes from Banking and finance and the Remaining 70% comes from static gk and current affairs. So here I'm providing you some Terminologies Related to Budget, banking and finance that will be beneficial in SBI PO and other upcoming banking exams.
Revenue Budget: It consists of the revenue receipts of the government (which is tax revenues plus other revenues) and the expenditure met from these revenues. It has two components: Revenue Receipt and Revenue Expenditure.
Capital Budget: It consists of capital receipts and payments. It also incorporates transactions in the Public Account. It has two components: Capital Receipt and Capital Expenditure.
Capital Expenditure: It consists of payments for acquisition of assets like land, buildings, machinery, equipment, as also investments in shares etc, and Loans and advances granted by the Central government to state and union territory governments, government companies, corporations and other parties.
Capital Receipt: The main items of capital receipts are loans raised by the government from public which are called market loans, borrowings by the government from the Reserve Bank of India and other parties through sale of Treasury Bills, loans received from foreign governments and bodies and recoveries of loans granted by the Central government to state and union territory governments and other parties. It also includes proceeds from disinvestment of government equity in public enterprises.
Expenditure Budget: It contains expenditure estimates made for a scheme or programme under both revenue and capital heads. These estimates are brought together and shown on a net basis at one place by major heads.
Finance Bill: This contains the government’s proposals for levy of new taxes, modification of the existing tax structure or continuance of the existing tax structure beyond the period approved by Parliament. It is submitted to Parliament along with the Budget for its approval.
Fiscal Deficit: It is the difference between the revenue receipts plus certain non-debt capital receipts and the total expenditure including loans (net of repayments). This indicates the total borrowing requirements of the government from all sources.
Monetised Deficit: It indicates the level of support extended by the Reserve Bank of India to the government’s borrowing programme.
Non-Plan Expenditure: It includes both revenue and capital expenditure on interest payments, the entire defence expenditure (both revenue and capital expenditure), subsidies, postal deficit, police, pensions, economic services, loans to public enterprises and loans as well as grants to state governments, union territory governments and foreign governments.
Plan Expenditure: It includes both revenue and capital expenditure of the government on the Central Plan, Central assistance to state and union territory plans. It forms a sizeable proportion of the total expenditure of the Central government.
Primary Deficit: It is the difference between fiscal deficit and interest payments.
Public Account: It is an account in which money received through transactions not relating to the Consolidated Fund is kept. Besides the normal receipts and expenditure of the government relating to the Consolidated Fund, certain other transactions enter government accounts in respect of which the government acts more as a banker, for example, transactions relating to provident funds, small savings collections, other deposits etc. Such money is kept in the Public Account and the connected disbursements are also made from it. Public Account funds do not belong to the government and have to be paid back some time or the other to the persons and authorities who deposited them. Parliamentary authorisation for payments from the Public Account is not required.
Revenue Deficit: It refers to the excess of revenue expenditure over revenue receipts. Revenue Expenditure: It is meant for the normal running of government departments and various services, interest charges on debt incurred by the government and subsidies. Broadly speaking, expenditure which does not result in creation of assets is treated as revenue expenditure. All grants given to state governments and other parties are also treated as revenue expenditure even though some of the grants may be for creation of assets.
Revenue Receipt: It includes proceeds of taxes and other duties levied by the Centre, interest and dividend on investments made by the government, fees and other receipts for services rendered by the government.
Appropriation Bill: It is presented to Parliament for its approval, so that the government can withdraw from the Consolidated Fund the amounts required for meeting the expenditure charged on the Consolidated Fund. No amount can be withdrawn from the Consolidated Fund till the Appropriation Bill is voted is enacted.
Balance of Payment: The statement that shows the transaction of the country’s trade and finance in terms of net outstanding receivable or payable from any other country with a certain period of time.
Bill: A legislative proposal draft is discussed and passed by both the houses of Parliament and then has to get an approval from the President and then finally it is a declared Act.
Contingency Fund: If and when in emergencies the Government at such times helps with funds which is not authorized by the Parliament because of urgent needs that may arise.
Consumer price index: It is a price index that features the rates of consumer goods.
Capital budget: When a list of capital expenditure is planned and prepared annually it is termed Capital budget.
Custom Duty: It is the tax that is put on imports and tariffs.
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Tuesday 14 February 2017
ALL ABOUT REPO RATE, REVERSE REPO RATE, CRR, SLR, MSF and Bank RATES
Dear Aspirants,
If you are preparing for Banking exams, you must know about terms repo rate, reverse repo rate, crr rate, slr rate, bank rate and MSF rate. Many questions asked in previous exams from these terms. In this article we’ll take a closer look at these terms and will learn how RBI uses these rates to control the inflation.
(As per RBI’s Sixth bi-monthly Monetary Policy Statement for 2016-17 announced on 8th February 2017)
Repo Rate
Repo rate or repurchase rate is the rate at which banks borrow money from the central bank (RBI for India) for a short period by selling their securities (financial assets) to the central bank with an agreement to repurchase it at a future date at predetermined price . It is similar to borrowing money from a money-lender by selling him something, and later buying it back at a pre-fixed price.
Bank Rate
People often get confused between Bank Rate and Repo Rate. Though they appear similar there is a fundamental difference between them.
Unlike Repo Rate, there is no sale of security in Bank Rate. Bank rate is the rate at which banks borrow money from the central bank without any sale of securities . It is generally for a longer period of time. This is similar to borrowing money from someone and paying interest on that amount.
Both these rates are determined by the central bank of the country based on the demand and supply of money in the economy.
Reverse Repo Rate
Reverse Repo rate is the rate of interest at which the central bank (RBI) borrows funds from other banks for a short duration. The banks deposit their short term excess funds with the central bank and earn interest on it.
Reverse Repo Rate is used by the central bank to absorb liquidity from the economy. When it feels that there is too much money floating in the market, it increases the reverse repo rate, which means that banks earn higher rate of interest when they deposit money with the central bank.
CRR (Cash Reserve Ratio)
Have you ever wondered what happens to the amount that you deposit in bank? It is used by banks to earn money by investing or lending it to others (house loans, personal loans etc.). But as per the regulations, banks cannot use the entire amount deposited with them for this purpose. They are required to maintain a percentage of their deposits as cash. So, if you deposit Rs. 100/- in your bank, then bank can’t use the entire Rs. 100/- for lending or investment purpose. They have to maintain a portion of the deposit as cash and can use only the remaining amount for lending/investment. This minimum percentage, which is determined by the central bank, is known as Cash Reserve Ratio.
So if CRR is 6% then it means for every Rs. 100/- deposited in the bank, it has to maintain a minimum of Rs. 6/- as cash. However, banks do not keep this cash with them, but are required to deposit it with the central bank, so that it can help them with cash at the time of need.
SLR (Statutory Liquidity Ratio)
Apart from keeping a portion of deposits with the RBI as cash, banks are also required to maintain a minimum percentage of deposits with them at the end of every business day, in the form of gold, cash, government bonds or other approved securities. This minimum percentage is called Statutory Liquidity Ratio.
Example
If you deposit Rs. 100/- in a bank, and assuming CRR to be 5% and SLR to be 10%, the bank can use 100-5-10= Rs. 85/- for giving loan or for investment purpose.
Marginal Standing Facility (MSF)
Marginal standing facility is a window for banks to borrow from the Reserve Bank of India in an emergency situation when inter-bank liquidity dries up completely. Banks borrow from the central bank by pledging government securities at a rate higher than the repo rate under liquidity adjustment facility or LAF in short.
See, How RBI uses these rates to control the inflation...
Repo Rate & Bank Rate
Banks earn profit by borrowing at a lower rate of interest from the central bank, and lending the same amount at a higher rate to the customers. If the repo rate or the bank rate is increased, bank has to pay more interest to the central bank. So in order to make a profit, banks in turn increase the interest rate at which they lend money to the customer. This dissuades the customers in taking credit from banks, leading to a shortage of money in the economy and less liquidity, thereby controlling inflation.Reverse Repo Rate
An increase in Reverse repo rate means that the central bank now pays more interest to the banks for depositing their money with it. This results in banks transferring more funds to the central bank to earn attractive interest. As a consequence, money is drawn out of the banking system, , leading to a shortage of money in the economy and less liquidity, thereby controlling inflation.
CRR & SLR
Increase in SLR and CRR rate means that banks will have less power to give loans, which again controls amount of money floating in the market; thereby controlling inflation. It also makes banks safer to keep money because banks will have a higher liquidity to meet the demand of customers. As we learnt from the recession, giving loans expose banks to great risks. So if banks have lesser funds to give as loan, they become relatively safer.For More Updates and Articles
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ENGLISH: WORD POWER MADE EASY BY NORMAN LEWIS(EPUB)
Dear Aspirants,
A good English vocabulary can help you solve a large part of the English section of any competition exam paper. Without good vocabulary you cannot score well, even many Aspirants couldn't clear the cutoff just because their less vocabulary knowledge. Here I'm providing you a book which can simplify your efforts of ensuring a good vocabulary .
WORD POWER MADE EASY BY NORMAN LEWIS the most prefered book for vocabulary building. Read this book daily and work with it, I'm sure it will help you alot.
To Download This Book
Note: This is not in PDF format. This is EPUB file that is specially used for books and novels.
To OPEN this file you need to install any EPUB Reader on your Android and Windows.
I will suggest you UB READER for Android you will feel like you are reading a real book & ADOBE DEGITAL EDITIONS for Windows.
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Friday 10 February 2017
DATA INTERPRETATION FOR SBI PO PRE
Dear Aspirants,
As you all know DI is the most important part of banking exams, specially for SBI. If you are good in basics of maths than you can score more in this section.
So, I'm providing you DI PDFs for SBI PO PRE and for upcoming exams .
The folder contains:
Tabular DI
Line Graph DI
Pie Chart DI
Multiple Diagram DI
Missing DI will be provided soon.
