Practice Question and Answer

Q:

Directions: Read the passage given below and answer the questions that follow by choosing the correct/most appropriate options.

AU Small Finance Bank Limited is an Indian Small Finance Bank, based in Jaipur, India. It was founded as vehicle finance company AU Financiers (India) Ltd. in 1996 and converted to a small finance bank on April 19, 2017.

AU Small Finance Bank serves low and middle-income individuals and micro and small businesses that have limited or no access to formal banking and finance channels. The Bank offers loans, deposits, and payment products and services. AU Small Finance Bank ranked 355 in the list of Fortune India 500 (2019) companies, with annual revenue of 3410.87 crore (US$427 million) and Total B/S Assets of 31198.68 crore (US$ 3.9 billion).

AU Bank enjoys a long-term credit rating of "AA-/Stable" from CRISIL Ratings, ICRA Ratings, India Ratings and CARE Ratings.

The company was founded by Sanjay Agarwal (Managing Director and CEO of AU Small Finance Bank) as a private limited company, and publicly listed in an IPO on June 29, 2017. A merit holder Chartered Accountant and a first-generation entrepreneur, he holds ~ 28.5% stake in the bank. He is supported by a team of 23486 employees.

AU Small Finance Bank is listed on NSE and BSE with a market capitalisation of ~ 37942 crore. On its first day of trading, the stock rose 51% to be the most expensive bank in India based on price-to-book. In November 2017, the Reserve Bank of India added the bank to its schedule of commercial banks, further improving the bank's growth prospects by reducing the cost of short-term funds and improving the bank's ability to provide services.

Over the years, the Bank has attracted marquee investors like IFC, Warburg Pincus, Temasek Holdings, Nomura, Kotak Mahindra MF, etc. Private equity companies that provided venture capital, including Warburg Pincus and International Finance Corporation, made partial exits for as much as nine times their original investment.

Due to its history as a vehicle finance company, as of March 2018 almost all the loans made by AU Small Finance Bank were secured, unlike most small finance banks that have unsecured loans due to their background in microfinance. This provides lower yields (lower interest rates) than unsecured loans, so the bank has been particularly active in growing its deposits, as bank deposits have a lower cost than other sources of funds. It has also sought to diversify into savings products like deposits, payment/transaction banking, distribution of third-party products, and additional loan products thereby positioning itself as a holistic financial products and services provider.

As on June 30, 2021, AU Small Finance Bank's distribution network............... 758 Banking Touchpoints and 23486 employees spread contiguously across 15 states and two Union Territories with over 2 million customers.

The bank has operations in 15 States and two Union Territories, with Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh being key states. It is one of the largest banks by a number of locations in its home state of Rajasthan.

Choose the antonym of the word 'Expensive'.

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    Economical
    Correct
    Wrong
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    Extortionate
    Correct
    Wrong
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    Extravagant
    Correct
    Wrong
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    Valuable
    Correct
    Wrong
  • 5
    Valuable
    Correct
    Wrong
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Answer : 1. "Economical"

Q:

The Income of Indians working abroad is-

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    Domestic Income of India
    Correct
    Wrong
  • 2
    Income earned from abroad
    Correct
    Wrong
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    Net domestic product of India
    Correct
    Wrong
  • 4
    Grave domestic product of India.
    Correct
    Wrong
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Answer : 2. "Income earned from abroad"
Explanation :

Expl:- NDPmp + NFIA = NNPmp

GDPmp + NFIA + GNPmp

Q:

Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.

If you’re concerned that automation and artificial intelligence are going to disrupt the economy over the next decade, join the club. But while policymakers and academics agree there’ll be significant disruption, they differ about its impact.

On one hand, techno-pessimists argue that new forms of automation will displace most jobs without creating new ones. In other words, most of us will lose our jobs. On the flip side of the debate, techno-optimists contend that continued investments in education and research and development will offset the job losses and generate many new human tasks that complement AI.

Researchers have been studying jobs that involve digital skills for years to try to understand their merit. But what does it really mean for a job or skill to be “digital”?

In earlier research, all it meant was that a worker used a computer. Since nearly all workers use a PC today, we need a more refined definition of digital skills that takes into account how much a job depends on doing things like programming, crunching data in Excel spreadsheets and even using a smartphone.

In a particular research, a new way was created to measure digital or information technology skills in the labour market based on how frequently they’re used in an occupation. For example, how much time does a financial adviser spend analyzing data or an event planner use a computer?

It was found that workers in occupations that rank higher in IT industry earn more than demographically similar peers in other occupations – and that this earnings gap has been growing. Not only that, but it was also found something interesting on the impact of a college degree on the lifetime earnings of a person in IT industry. Historically, workers with a college degree have earned a lot more than peers without one. Even the level of the college makes a difference. Recent research has shown that this so-called college premium has been flattening. The main cause, according to the analysis, is that the college premium for occupations requiring fewer digital skills has been declining, while it has been rising for those we identified as digital jobs such as software developers, programmers and aerospace engineering. At least some of the flattening in the college premium is due to the increasing number of bachelor’s degrees that convey few skills that are valued in the marketplace.

Another research compares the measures of job quality – such as a sense of purpose, enjoyability and career advancement – with income, occupations and a range of demographic characteristics. It found that jobs that require greater interaction with technology tended to score higher in quality, particularly in terms of measures like career advancement.

The fact that these jobs not only pay more but also provide greater levels of employee satisfaction and engagement paints a more optimistic picture about the future of work. And that gives hope, particularly since the digital economy is growing at a pace nearly four times faster than the broader economy.

The key is making tomorrow’s jobs “robot-proof” by designing them in a way that takes advantage of the digital skills described above. And universities must play a big role in this by identifying what a good job looks like and ensuring future generations learn the necessary skills.

 Which of the following is the MOST SIMILAR in meaning to the given word as used in the passage?
 Pace

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    stride
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    speedy
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    rate
    Correct
    Wrong
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    crawl
    Correct
    Wrong
  • 5
    inhibit
    Correct
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Answer : 3. "rate"

Q:

Which of the following states has launched the scheme named 'Kalaignar Magalir 'Urimai Thittam'?

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    Goa
    Correct
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    Tamil Nadu
    Correct
    Wrong
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    West Bengal
    Correct
    Wrong
  • 4
    Odisha
    Correct
    Wrong
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Answer : 2. "Tamil Nadu"
Explanation :

1. Tamil Nadu Kalaignar Magalir Urimai Thittam Scheme is the flagship socio-economic welfare scheme of the Government of Tamil Nadu.

2. It will launch on 15 September 2023.

3. The main objective behind starting this scheme is to empower women economically so that their livelihood and standard of living improves.

Q:

Who has been honoured with France's “Chevalier de l'Ordre des Arts et des Lettres” award?

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    Ratan Tata
    Correct
    Wrong
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    Rahul Mishra
    Correct
    Wrong
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    Narendra Modi
    Correct
    Wrong
  • 4
    Purnima Devi
    Correct
    Wrong
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Answer : 2. "Rahul Mishra"
Explanation :

Recently, Rahul Mishra was honoured with France's “Chevalier de l'Ordre des Arts et des Lettres” award.

Q:

When was “PM Vishwakarma Yojana” launched recently by Prime Minister Narendra Modi?

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    14 September 2023
    Correct
    Wrong
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    16 September 2023
    Correct
    Wrong
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    17 September 2023
    Correct
    Wrong
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    18 September 2023
    Correct
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Answer : 3. "17 September 2023"
Explanation :

1. Prime Minister Narendra Modi has launched the PM Vishwakarma Yojana on the occasion of Vishwakarma Jayanti on 17 September.

2. Prime Minister Narendra Modi has launched this scheme with his vision to provide support and skills to the people engaged in traditional crafts.

 3. The Central Government will spend Rs 13,000 crore on this scheme.

Q:

The number of coins of radius 0.75 cm and thickness 0.2cm required to be melted to make a right circular cylinder of height 8 cm and base radius 3 cm is:

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    500
    Correct
    Wrong
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    600
    Correct
    Wrong
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    460
    Correct
    Wrong
  • 4
    640
    Correct
    Wrong
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Answer : 4. "640"

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