Mock Test -1

Bank of India
Credit Officer
Bank of India Credit Officer Mock Test - 1

Professional Knowledge

Question No. 1

In break even analysis chart, Y-axis represents:

Options :

1. Volume of sales in unit

2. Value of sales in rupees

3. Cost and sales in rupees

4. Volume of production in units

5. Value of production in rupees

Answer : Cost and sales in rupees

Question No. 2

A company sells 2 products – A and B. Product A sales were Rs.2 lac and it had a contribution

margin of 20% whileProduct B sales were Rs.1 lac with contribution margin of 40%. If the sales of

Product A and Product B were reversed to 1 lac and 2 lac respectively how would the total

contribution to the company change?

Options :

1. Increase by Rs.10,000

2. Decrease by Rs.10,000

3. Increase by Rs.20,000

4. Decrease by Rs.20,000

5. No change

Answer : Increase by Rs.20,000

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Question No. 3

If the RoI of a firm is 12% and the interest on borrowings paid by the firm is 10%, the financial

leverage of the firm will be:

Options :

1. Unfavorable for the firm

2. Favorable for the firm

3. Indifferent for the firm

4. Cannot be determined

5. Depends on fixed costs of the firm

Answer : Favorable for the firm

Question No. 4

Match the following:

(A) Dividend 1) Portion of current assets

(B) Inventory 2) portion of net-worth

(C) Reserve 3) Portion of profit

(D) Depreciation 4) charge against profit

Options :

1. a)

2. b)

3. c)

4. d)

5. e)

Answer : b)

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Question No. 5

Match the following Ratios

A) Overall profitability ratio 1) Gearing Ratio

B) Efficiency ratio 2) return on capital employed

C) Capital structure ratio 3) Acid test ratio

D) Liquidity Ratio 4) working capital turnover

Options :

1. a)

2. b)

3. c)

4. d)

5. e)

Answer : c)

Question No. 6

If an individual is unable to pay back the overdraft taken by him it is known as

Options :

1. Market Risk

2. Credit Risk

3. Interest Rate Risk

4. Operational Risk

5. Liquidity Risk

Answer : Credit Risk

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Question No. 7
A break-even point is one where:
Options :
1. There is no loss and no profit to the firm
2. Total revenue = total cost
3. Contribution = fixed cost
4. A and B
5. A, B and C
Answer : A, B and C

Question No. 8
The P/V ratio can be calculated using various formulae; which of the following is not one of them:
Options :
1. Change in profit/change in sales
2. 1 – fixed cost/sales
3. Change in contribution/change in sales
4. (Fixed cost + profit)/sales
5. 1 – variable cost/sales
Answer : 1 – fixed cost/sales

Question No. 9
Match the following Ratios
A. Du-pont analysis 1) profit distribution decision
B. Break-even analysis 2) P/V ratio analysis
C. Beta analysis 3) Profitability analysis
D. Bonus share 4) risk analysis
Options :
1. a.
2. b.
3. c.
4. d.
5. e.
Answer : d.

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Question No. 10

For calculating cost of perpetual debt capital the following formula is used

k d = I/B 0

In this formula, what does B0 denote?

Options :

1. Current Market price of Bond

2. Face value of bond at time of issue

3. Current Book value of bond

4. Net proceeds of bond at time of issue

5. Redemption value of bond at maturity

Answer : Net proceeds of bond at time of issue

Question No. 11

A bond that pays compounded interest but the actual cash payment of the bond is deferred till

maturity is known as:

Options :

1. Zero Coupon bond

2. Accrual bond

3. Step-up bond

4. Floating rate bond

5. Debenture

Answer : Accrual bond

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Question No. 12

The subprime lending meltdown in 2008 made the banks and regulators realize the importance of

liquidity risk management in banks. Which of the following institution provides a framework to deal

with this risk?

Options :

1. International Monetary Fund

2. Bank for International Settlements

3. International Development Association

4. World Bank

5. Asian Development Bank

Answer : Bank for International Settlements

Question No. 13

A 16% bond with a face value of Rs. 250 is available for Rs. 200 in the market. The current yield on

the bond is

Options :

1. 16%

2. 20%

3. 80%

4. 32%

5. 36%

Answer : 20%

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Question No. 14

In Capital Asset pricing model, beta measures the

Options :

1. systematic risk

2. unsystematic risk

3. total risk

4. business risk

5. financial risk

Answer : systematic risk

Question No. 15

Match the following

Ratio Formula

A. Dividend Payout 1) Total dividend/net income

B. Debt Ratio 2) cash & equivalents/current liabilities

C. Cash Ratio 3) retained earnings/net income

D. Retention Rate 4) total liabilities/total assets

E. Return on assets 5) net income/average total assets

Options :

1. a)

2. b)

3. c)

4. d)

5. e)

Answer : b)

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Question No. 16

The Asset Liability Management (ALM) Statement is to be prepared by every bank and is a

regulatory requirement. It shows the maturity time-wise break-up of the assets and liabilities of a

bank. Like the assets and liabilities are categorized into 1-14 days time bucket, 15-30 days time

bucket and so on. It helps in analyzing the liquidity position of the bank. The bank can use this

statement for which of the following purposes:

Options :

1. Efficient allocation of capital

2. Suitable pricing for the bank‟s assets and liabilities

3. Strategic management of interest rate risk

4. A and B

5. All of the above

Answer : All of the above

Question No. 17

DuPont Analysis deals with:

Options :

1. Analysis of Current Assets

2. Analysis of Profit

3. Capital Budgeting

4. Analysis of Fixed Assets

5. Analysis of Leverage

Answer : Analysis of Profit

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Question No. 18

Capital budgeting deals with deciding long term investments by a company. Capital Budgeting does

not take into account:

Options :

1. Tax-Effect
2. Time Value of Money
3. Required Rate of Return
4. Rate of Cash Discount
5. None of the above
Answer : Rate of Cash Discount

Question No. 19

The combined leverage of a firm comprises of:

Options :

1. Operating leverage + financial leverage

2. Gross leverage + financial leverage
3. Operating leverage × financial leverage
4. Gross leverage × operating leverage
5. Gross leverage × financial leverage
Answer : Operating leverage × financial leverage

Question No. 20
Capital Structure of a company consists of:
Options :
1. Equity and preference share capital
2. Equity capital, long term debt and short term debt
3. Equity capital and debt capital
4. Equity capital, preference share capital and debt capital
5. Preference share capital and debt capital
Answer : Equity capital, preference share capital and debt capital

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Question No. 21

Byron Ltd reported 32000 in earnings during the current financial year. The total shares outstanding

are 40000 at a market price of 18 per share. What is Byron Ltd‟s P/E Ratio?

Options :

1. 22.5

2. 0.8

3. 25

4. 0.10

5. None of the above

Answer : 22.5

Question No. 22

Which of the following are limitations of ratio analysis?

A. Ratio analysis may result in false results if variations in price levels are not considered.

B. Ratio analysis ignores qualitative factors

C. Ratio Analysis ignores quantitative factors

D. Ratio Analysis is historical analysis.

Options :

1. A, B, D

2. A, C, D

3. A, B, C

4. B, C, D

5. A, B , C, D

Answer : A, B, D

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Question No. 23

Which of the following is/arenot profitability ratio?

Options :
1. Return on assets
2. Assets turnover
3. Gross margin
4. A and B
5. All are profitability ratios
Answer : Assets turnover

Question No. 24

While calculating Gross Profit ratio,

Options :
1. Closing stock is deducted from cost of goods sold
2. Closing stock is added to cost of goods sold
3. Closing stock is ignored
4. Closing stock can be added or subtracted depending on the firm
5. None of the above
Answer : Closing stock is deducted from cost of goods sold

Question No. 25

A company converts its debt into equity capital. This is which type of cash flow:

Options :

1. Cash flow from operations

2. Cash flow from investing

3. Cash flow from financing

4. Non-cash transaction

5. None of the above

Answer : Non-cash transaction

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Question No. 26

Depreciation is added back to net profit while calculating cash from operations because:

Options :

1. It is a fictitious asset

2. It is non-cash

3. It is non-operating in nature

4. It is intangible asset

5. All of the above

Answer : It is non-cash

Question No. 27

Calculate the working capital from the following information:

Inventory Rs.20000

Cash Balance Rs.5000

Receivables Rs.10000

Payables Rs.8000

Current liabilities Rs.15000

Options :

1. Rs.20000

2. Rs.12000

3. Rs.28000

4. Rs.15000

5. Rs.2000

Answer : Rs.20000

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Question No. 28

Shareholder equity is treated as a liability of the firm. This is based on which of the following

concept?

Options :
1. Accrual concept
2. Going concern concept
3. Prudence concept
4. Consistency concept
5. Business Entity concept
Answer : Business Entity concept

Question No. 29

Fixed assets are reported at which of the following value in a Balance Sheet:

Options :
1. Book Value
2. Market Value
3. Book value less depreciation
4. Market value less depreciation
5. Any of the above depending on the choice of the company
Answer : Book value less depreciation

Question No. 30

Calculate the shareholder equity from the following information:

Plant & Machinery Rs.20000

Payables Rs.5000

Receivables Rs.5000

Investments Rs.3000

Borrowings Rs.15000

Cash Balance Rs.2000

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Bank of India Credit Officer Mock Test - 1

Options :

1. Rs.20000

2. Rs.10000

3. Rs.8000

4. Rs.7000

5. Rs.5000

Answer : Rs.10000

Question No. 31

In ECB, C stands for:

Options :
1. Convertible
2. Currency
3. Commercial
4. Cumulative
5. Credit
Answer : Commercial

Question No. 32

For a bank, Loans and advances given to a project company is a:

Options :

1. Long term asset

2. Current asset
3. Long term liability
4. Current liability
5. Provision
Answer : Long term asset

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Question No. 33

Issue of share capital is which form of cash flow?

Options :
1. Cash flow from operations
2. Cash flow from investment
3. Cash flow from financing
4. Non cash flow item
5. Only balance sheet item
Answer : Cash flow from financing

Question No. 34

Accounting policies once adopted must not be frequently changed as per which concept?

Options :
1. Business Entity
2. Going Concern
3. Consistency
4. Accrual
5. Revenue Recognition
Answer : Consistency

Question No. 35

In case of conventional cash flows, the Internal rate of return is ……….. than the required rate of

return if NPV>0

Options :
1. Greater
2. Less
3. Equal
4. None of the above
5. Can be any of the above
Answer : Greater

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Bank of India Credit Officer Mock Test - 1

Question No. 36

Which of the following Liabilities are not shown in the Balance Sheet?

Options :
1. Loans taken from the bank
2. Capital introduced by the owner
3. Goods bought on credit from suppliers
4. Bank guarantee issued by a bank
5. Bank Overdraft
Answer : Bank guarantee issued by a bank

Question No. 37

Credit Balance of the Bank in the company‟s Cash Book is:

Options :
1. Asset
2. Liability
3. Capital
4. Revenue
5. Expense
Answer : Liability

Question No. 38

Interest on Capital provided by a firm is a/an ……………… for the firm.

Options :
1. Asset
2. Liability
3. Capital
4. Revenue
5. Expense
Answer : Expense

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Question No. 39

Budget is prepared from the scratch every period as per:

Options :
1. Activity Based Budgeting
2. Zero Based Budgeting
3. Incremental Budgeting
4. Functional Budgeting
5. Other than the options mentioned above
Answer : Zero Based Budgeting

Question No. 40

What will be the impact on Return on Equity if cash is paid to the creditors?

Options :
1. Return on Equity will be decreased
2. Return on Equity will be increased
3. Return on Equity will be unaffected
4. All of the above
5. None of the above
Answer : Return on Equity will be unaffected

Question No. 41

NPV assumes reinvestment of the cash flows at:

Options :
1. Required Rate of Return
2. Internal Rate of Return
3. Market Interest Rate
4. Repo Rate
5. Bank Rate
Answer : Required Rate of Return

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Question No. 42

In case of redemption of debentures, Debt/equity ratio will:

Options :
1. Increase
2. Decrease
3. Remains the same
4. It depends on the amount of debt
5. Any of the above
Answer : Decrease

Question No. 43

Tax is payable in advance during any financial year as per which section of the Income Tax Act?

Options :
1. Section 208
2. Section 302
3. Section 307
4. Section 202
5. Section 205
Answer : Section 208

Question No. 44

If cash investment in a project is Rs. 10,000 and the Cash flow generated by the project is Rs.

3,000 annually, then Payback period is:

Options :
1. In the range of 0 to 1 years
2. In the range of 1 to 2 years
3. In the range of 2 to 3 years
4. More than 3 years
5. None of the above
Answer : More than 3 years

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Question No. 45
……….. is the Ratio which analyses the potential of an organization to serve its interest obligations
of an organization
Options :
1. Activity Ratios
2. Gearing Ratio
3. Debt Service Coverage Ratio
4. Interest Coverage Ratio
5. Working Capital Ratio
Answer : Interest Coverage Ratio

Question No. 46
A __________ is generally considered debt that is scheduled to be repaid between 1 to 10 years
under a formal loan agreement and is usually amortized (principal and interest are paid) in equal
periodic installments.
Options :
1. term loan
2. revolving credit agreement
3. medium-term note
4. commitment fee
5. leveraged fee
Answer : term loan

Question No. 47

__________ is needed for developing a product in the initial stages.

Options :
1. Seed capital
2. Startup capital
3. Second round financing
4. Business board members
5. None of these.
Answer : Seed capital

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Question No. 48

Factoring is method of raising _________finance through account receivable credit offered by

commercial banks and factors.

Options :
1. Long term
2. Medium term
3. short term
4. All of these.
5. Initial seed fund
Answer : short term

Question No. 49

Which of the following would not be counted as part of incremental cash flow?

Options :
1. Opportunity cost
2. Sunk cost
3. External cost such as brand cannibalism
4. External benefit such as acquisition of new technology which can be applied to other projects
5. Both A and B
Answer : Sunk cost

Question No. 50

Which of the following is a Development Bank in India?

Options :
1. RBI
2. HDFC
3. EXIM
4. SBI
5. SEBI
Answer : EXIM

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Bank of India Credit Officer Mock Test - 1

English Language

Directions: In each of the questions given below, four words are given in bold. These four
words may or may not be in their correct position. The sentence is then followed by options
with the correct combination of words that should replace each other in order to make the
sentence grammatically and contextually correct. Find the correct combination of words that
replace each other. If the sentence is correct as it is, select „E‟ as your option.

Question No. 51

For paddy cultivators whose farming lives alien (A) in the 1960s, aimed (B) with the Green

Revolution that coinciding (C) to increase productivity, organic agriculture is began (D).

Options :
1. Only A-B
2. A-B and C-D
3. A-D and B-C
4. A-C and B-D
5. No exchange required
Answer : A-D and B-C

Question No. 52

For paddy cultivators whose farming lives alien (A) in the 1960s, aimed (B) with the Green

Revolution that coinciding (C) to increase productivity, organic agriculture is began (D).

Options :

1. Only A-B
2. A-B and C-D
3. A-D and B-C
4. A-C and B-D
5. No exchange required
Answer : A-D and B-C

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Question No. 53

Nations across Europe are moving to calls (A) tougher measures to stem (B) a new wave of

COVID-19 infections spurred (C) by a highly transmissible variant, triggering reimpose (D) for

protests from Paris to Barcelona.

Options :

1. A-D

2. A-C and B-D

3. C-D

4. A-D and B-C

5. No exchange required

Answer : A-D

Question No. 54

The Mayor deployed (A) a state of emergency in Kentucky and said rescue (B) of search and

scores (C) officials had been declared (D) along with the national guard.

Options :

1. A-B

2. A-C and B-D

3. A-D and B-C

4. A-B and C-D

5. No exchange required

Answer : A-D and B-C

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Question No. 55

Even as they kept up with the British (1), the basic structure of the car, (A)/took to modifying (B)/

Indian rajas and members of the princely families (C)/to suit their personal tastes (D).

Options :

1. DBCA

2. ADCB

3. CBAD

4. BCAD

5. No arrangement required

Answer : CBAD

Direction:- In each question, three meanings numbered I, II and III are given for the Idiom /
Phrase underlined in the sentence. Out of the given three meanings, only one or two or all
the three may be correct. Choose the alternative which best expresses the meaning of the
Idiom / Phrase and mark it in the Answer Sheet.

Question No. 56

He spoke ad-libs but his presentation was the best out of the lot.

I. Freely

II. Without stopping

III. Without any preparation

Options :
1. Only III
2. Both I and II
3. Both II and III
4. Only II
5. None of these
Answer : Only III

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Question No. 57

Narendra Modi is sprucing up for the interview with BBC on the Article 370 next week.

I. To make oneself smart

II. To prepare oneself

III. To gear up

Options :

1. Only I

2. Both I and II

3. Both II and III

4. Only III

5. None of these

Answer : Both I and II

Question No. 58

The Indian IT industry has come of age and is now counted among mature markets in the world.

I. reach adult status

II. become fully established and accepted.

III. Reach the ebbing status

Options :

1. Only I

2. Both I and II

3. Both II and III

4. Only II

5. None of these

Answer : None of these

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Question No. 59

The enthusiasm of the wrestling team petered out due to lack of encouragement from the

Federation.

I. To pan out

II. to die

III. dwindle away

Options :
1. Only I
2. Both I and II
3. Both II and III
4. Only II
5. None of these
Answer : Both II and III

Question No. 60

My guide was very patient with me and walked me through all the steps until we were able to

complete the science project.

I. Explain in hurry

II. Explain carefully

III. Explain rigorously

Options :
1. Only I
2. Both I and II
3. Both II and III
4. Only II
5. None of these
Answer : Only II

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Bank of India Credit Officer Mock Test - 1

Direction:- The Centre has moved ____(61)_____ to notify the presidential order setting up the

Fifteenth Finance Commission, within five days of the Cabinet‟s approval. The constitutional body

is tasked with recommending a fiscal road map and a sharing of resources _____(62)____ the

Centre and the States. Last week, the newly appointed chairman of the Commission,

_____(63)______ preliminary discussions on its “wide-ranging” terms of reference and decided to

hold expeditious consultations with stakeholders at all administrative levels as well as with political

parties. Think tanks and academics _____(64)____ be consulted. The Commission has less

______(65)______ two years to complete its deliberations and submit its report by October 2019,

giving the government a little over a quarter to consider and implement its recommendations for the

period from April 2020 to March 2025. Accepting the 14th Finance Commission‟s recommendation

to raise the States‟ share in the divisible pool of taxes to 42% from the ______(66)_____ 32% level,

the Prime Minister had told Chief Ministers that although this meant less money at the Centre‟s

disposal, his government had ______(67)______ to strengthen the States‟ capacity to move away

from a „one-size-fits-all‟ approach.

Question No. 61

Find out the appropriate words.

Options :

1. Swiftly

2. Fastly

3. Slow

4. Good

5. None of these

Answer : Swiftly

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Question No. 62

Find out the appropriate words.

Options :

1. via
2. between
3. through
4. as
5. None of these
Answer : between

Question No. 63

Find out the appropriate words.

Options :

1. holding
2. has
3. hold
4. held
5. None of these
Answer : held

Question No. 64

Find out the appropriate words.

Options :

1. to
2. will
3. build
4. from
5. None of these
Answer : will

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Question No. 65

Find out the appropriate words.

Options :

1. more
2. than
3. forward
4. then
5. None of these
Answer : than

Question No. 66

Find out the appropriate words.

Options :

1. version
2. last
3. older
4. previous
5. None of these
Answer : previous

Question No. 67

Find out the appropriate words.

Options :

1. done
2. make
3. decided
4. made
5. None of these
Answer : decided

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Direction:- Read each sentence to find out whether there is any grammatical error in it. The

error, if any, will be in one part of the sentence. Mark the part with the error as your answer.

If there is no error, mark „No error‟ as your answer (Ignore the errors of punctuation, if any).

Question No. 68

Reacting for RBI‟s call for paring (1)/small savings rates, the official stressed that (2)/interest rate

discussions often (3)/ get too focussed on borrowers‟ needs (4).

Options :

1. 1

2. 2

3. 3

4. 4

5. No error

Answer : 1

Question No. 69

Higher attrition have been leading to (1)/better increments as (2)/the job market is currently

witnessing (3)/a huge churn, according to Naukri (4).

Options :

1. 1

2. 2

3. 3

4. 4

5. No error

Answer : 1

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Question No. 70

As vessel loading is (1)/not possible in Ukraine, (2)/buyers are trying to secure (3)/supplies at

Russia (4).

Options :
1. 1
2. 2
3. 3
4. 4
5. No error
Answer : 4

Question No. 71

The museum tells the story (1)/in India after Independence (2)/through the lives and contributions

(3)/of its prime ministers (4).

Options :
1. 1
2. 2
3. 3
4. 4
5. No error
Answer : 2

Question No. 72
Only a few dozen sequences (1)/of these variants (2)/has been reported (3)/from a handful of
countries (4).
Options :
1. 1
2. 2
3. 3
4. 4
5. No error
Answer : 3

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Question No. 73

Nursing attendants care for (1)/people whom are bed-ridden and (2)/those who have age-related

problems,(3)/especially with mobility (4).

Options :

1. 1

2. 2

3. 3

4. 4

5. No error

Answer : 2

Direction:- Five statements are given below, which are jumbled in any random order. These
statements will form a coherent and meaningful paragraph, when arranged in the correct
sequence. Arrange the sentences in the right order and answer the questions that follow.
(a) The porcupines, realizing the situation, decided to group together to keep each other warm.
(b) But the quills of each one wounded their closest companions.
(c) It was one of the coldest winters.
(d) This was a great way to protect themselves from the cold.
(e) Many animals were dying because of the cold.

Question No. 74

Which of the following is the fifth (last) sentence of the passage?

Options :
1. c
2. e
3. d
4. b
5. a
Answer : b

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Question No. 75

Which of the following is the third sentence of the passage?

Options :
1. e
2. d
3. a
4. b
5. c
Answer : a

Question No. 76

Which of the following is the first sentence of the passage?

Options :
1. a
2. e
3. b
4. d
5. c
Answer : c

Question No. 77

Which of the following is the second sentence of the passage?

Options :
1. c
2. e
3. d
4. b
5. a
Answer : e

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Question No. 78

Which of the following is the fourth sentence of the passage?

Options :

1. d

2. b

3. a

4. c

5. e

Answer : d

Direction:- In each question below, a sentence is given with a part of it printed in bold type.

That part contains an idiom that may be correct or erroneous. Each sentence is followed by

phrases A), B), C) and D). Find out which is the correct idiom that should replace the error in

bold, if there is any, and which makes the sentence grammatically meaningful and correct. If

the sentence is correct as it is and „No improvement required‟, mark E) as the answer.

Question No. 79

The first horse often goes here for leather, hits a few fences but gets away with it.

Options :

1. here for feather

2. here for leisure

3. hell for leather

4. house for leather

5. No improvement required

Answer : hell for leather

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Question No. 80

We were on close nine when our team won the championship.

Options :

1. on cloud nine

2. on clean nine

3. on loud nine

4. on lying nine

5. No improvement required

Answer : on cloud nine

Question No. 81

I know she's coming the raw pawn with me because her fingerprints were found at the scene of

the crime.

Options :

1. coming the raw sword

2. coming the raw paste

3. coming the raw pan

4. coming the raw prawn

5. No improvement required

Answer : coming the raw prawn

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Direction:- Read the passage and answer the questions that follow.

Double debit is a common problem in payments. It is used to describe a scenario where due to

network unreliability the customer gets debited for a purchase while the merchant does not get

credit. The merchant does not hand over the goods, asking the customer to pay again, leading to a

double debit for the customer. The customer chases their bank to reverse the first transaction,

leading to inconvenience. This problem is one of the biggest contributors to customer grievance

with digital payments. The scenario also leads to erosion of merchant‟s confidence with digital

payments. Innoviti‟s patent provides a technology solution to this.

The patent aims to address the unreliability of mobile networks. Virtually 100% of mobile and web

consumer applications send data over TCP/IP networks. TCP/IP, the most common network

protocol was designed in the 1970s by Vint Cerf and Bob Kahn, often called as the fathers of

internet. The protocol was primarily designed for wired networks prevalent at that time. Most

modern applications however work on wireless networks, which behave somewhat differently.

Innoviti‟s patent aims to address these situations through a novel application layer technology that

rides on the same network layer.

Innoviti has developed a collaborative commerce platform that enables businesses to partner on

payment transactions and turn them into powerful purchase tools that help consumers buy better

products and more products. Merchants, banks, and brands come together on Innoviti‟s platform to

create such purchase tools. Innoviti desires to become the purchase partner to every Indian by

helping them make better purchase decisions. Through these patents, in their own small way, they

hope to contribute to the “Make in India, For the World” mission.

Innoviti had raised a Series D round of Rs 80 crore in December 2020, towards fuelling the

expansion of its mid-market product GENIE. Within the past few months GENIE has rapidly grown

to driving Rs 1,000 crore of annualized GTV that is targeted to grow to Rs 7000 crore over next

twelve months. The company‟s enterprise business has been EBITDA positive since October 2020.

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Question No. 82

Why does double debit mostly happen?

Options :

1. because of lack of fund in the customer‟s account.

2. because of poor network connection

3. because of untimely authentication from merchant‟s side because of human error.

4. because of the use of unauthorised POS machines.

5. because of errors from the bank‟s side.

Answer : because of poor network connection

Question No. 83

Which of the following are the ill-effects of double debit, according to the passage?

(i) increasing cases of network unreliability.

(ii) increase in customer grievances with digital payments.

(iii) merchantrsquo;s lose of faith in digital payments.

(iv) increase in cases of fraud

Options :

1. Only i

2. i and iii

3. i, iii and iv

4. ii and iii

5. All of these

Answer : ii and iii

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Question No. 84

Why do most modern applications fail to work 100% when data is sent over TCP/IP?

Options :

1. The protocol is outdated and no longer in use.

2. The protocol cannot be used for modern applications because of the policy agreement.

3. The protocol was developed in the 1970s and modern applications work with another protocol.

4. The protocol was designed for wired networks and modern applications work more or less on

wireless networks.

5. None of these

Answer : The protocol was designed for wired networks and modern applications work more

or less on wireless networks.

Question No. 85

Which of the following is correct, according to the passage?

Options :

1. Innoviti solved the problem of double debit by developing a collaborative platform which helps

businesses to partner on payment transactions.

2. To create a powerful tool to avoid double debit, merchants, banks and banks have been working

independently.

3. The aim of Innoviti is to decide the purchasing power of every citizen.

4. A mid-market product of Innoviti is EBITDA.

5. All are correct.

Answer : Innoviti solved the problem of double debit by developing a collaborative platform

which helps businesses to partner on payment transactions.

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Question No. 86
Which of the following is a near antonym of the word „erosion‟?
Options :
1. assertion
2. excursion
3. excruciation
4. assistance
5. accretion
Answer : accretion

Direction:- In the following questions, two columns are given, Column 1 and Column 2. Each
column contains 3 phrases. Match the phrases in Column 1 with the phrases in Column 2,
so that they form grammatically and contextually correct sentences. If no such statements
can be formed, choose option 5, “None of these” as your answer.

Question No. 87

Column (1) Column (2)

(A) Few of us, especially in these modern (D) seems to know ourselves.
times
(B) Ahimsa is not an outward directed (E) but a realisation and compassion that
action arises from knowledge.
(C) Hence each one of us (F) has to walk on our own paths.

Options :
1. Only A-F
2. A-D and B-F
3. Only C-E
4. B-E and C-F
5. None of these
Answer : B-E and C-F

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Question No. 88
Column (1) Column (2)
(A) Environmentalists in Tiruchi had an (D) at the canal from a deeper level.
opportunity
(B) The team used a submersible pump to (E) to explore the potential of a truck fitted
draw water with mechanical unit to filter waste water.
(C) The water, while clear to look at, is not (F) but can be used for other purposes.
potable

Options :
1. A-E and C-F
2. Only B-D
3. A-D and B-F
4. B-E and C-D
5. None of these
Answer : A-E and C-F

Question No. 89
Column (1) Column (2)
(A) The design and skills used in building (D) so that they were reunited.
homes
(B) Most used the compensation to rebuild (E) the collective cultural expression of a
livelihoods community‟s values.
(C) We helped the community procure land (F) and get some land but could not build
together homes.

Options :
1. Only A-E
2. B-F and C-D
3. A-F and B-D
4. Only C-F
5. None of these
Answer : B-F and C-D

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Question No. 90
Column (1) Column (2)
(A) Eight social media activists have been (D) for allegedly running a vilification
arrested campaign against the Pakistan Army Chief
General.
(B) Hundreds and thousands of tweets (E) the state institutions to guard it without
any compromise.
(C) Pakistan Army has always stood by (F) the SC chief justice and the Army chief
responsible for the ouster of Mr. Khan

Options :
1. Only A-E
2. A-D and C-E
3. B-F and C-D
4. Only B-D
5. none of these
Answer : A-D and C-E

Direction:- In each of the following questions, a word has been used in sentences in THREE

different ways. Choose the option corresponding to the sentences in which the usage of the

word is CORRECT or APPROPRIATE.

Question No. 91

CLEAVE

I) Though Angiosperms become dominant in all known plant-bearing Upper Cretaceous deposits,

their cleave even earlier.

II) He saw Jilian's blow cleave the Traveler apart the moment he materialized down the hall.

III) They also cleave more interested in the food they eat.

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Bank of India Credit Officer Mock Test - 1

Options :

1. Only I

2. Only II

3. Only III

4. Both II & III

5. None of these

Answer : Only II

Question No. 92

IMPEACH

I) The government is very impeach and promoting entrepreneurship, but the culture of institutions

and scientists to be entrepreneurial will take time.

II) He took an active part in the attempt to impeach President Johnson.

III) The councillors, who are nominated and dismissed by the high commissioner, are responsible

to the chamber, which may impeach them before a special tribunal for any illegal act or neglect of

duty.

Options :

1. Only II

2. Both II & III

3. Both I & III

4. Both I & II

5. None of these

Answer : Both II & III

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Bank of India Credit Officer Mock Test - 1

Direction:- Read the passage and answer the questions that follow.

Even as artificial intelligence (AI) is being used across sectors and disciplines, it is banking that has
adopted it faster than most other sectors. Today, many banks use advanced AI chatbots to solve
customer queries and provide better services. Some use robotics software in their business
processes across various functions, thereby processing a significant percentage of transactions
with higher accuracy. In the area of early fraud detection, AI is also extremely useful. Visual
identification and verification is another important area where banks are benefiting through AI,
especially when it comes to insurance claims. Geotagging can help more banks target its
customers at a granular level with a high success rate. Indian banks are taking more operational
decisions nowadays through machine learning. AI implementation will result in lower cost of
acquisition, lower probability of default, stronger customer activation, higher deepening of products,
lower churn rate and better compliance. All these will help banks engage with its customers from
acquisition to retention and, thus, create value for the organisation.
Even though banking is ahead of other industries in analytics maturity, there is still enough room for
more innovation. Early adopters of AI stand to gain a significant advantage and experience.
Despite billions of dollars spent towards technology upgradation each year across the world, few
banks have successfully been able to scale AI technology across the organisation. The main
limiting factors are lack of a clear AI strategy and its required infrastructure. For this purpose, an AI-
first approach is needed. This will make for an „intelligent bank‟, where most business decisions will
be taken through mix and match of human and artificial intelligence. As a first step towards an
intelligent bank based on core competency, size, business complexity, risk appetite and degree of
aspiration, banks first need to devise their own strategy, the areas in which AI should be and
should not be adopted.
As many banks in India have limited IT infrastructure and specialised skill sets for advanced
analytics, banks could tie up with fintech companies, where banks will provide its domain expertise
along with its wide database, while fintech will provide its latest technology. However, banks need
to come up to speed, agility and flexibility with fintech. They need to invest adequately for
strengthening their core technology to support various analytical tools. Data purity is another
important area. The proper skill sets for converting raw data to meaningful output is a priority
requirement.

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Question No. 93

Why do banks fail to scale AI technology across the organisation?

Options :

1. Lack of technology experts.

2. Lack of knowledge about the roles that AI could play in the banking sector.

3. Lack of funds.

4. Lack of a clear AI strategy and infrastructure.

5. All of these

Answer : Lack of a clear AI strategy and infrastructure.

Question No. 94

What does the author suggest that Indian banks should do to overcome their issue of limited IT

infrastructure and specialised skill sets for advanced analytics?

Options :

1. Indian banks should import technology from other countries and should work on improving

themselves with those technologies.

2. Indian banks should ask the government for more funds to help them develop advanced

analytics.

3. Indian banks should collaborate with fintech companies, which will provide latest technology.

4. Indian banks should follow the traditional method to provide customer satisfaction and should not

depend on IT or other technologies.

5. None of these

Answer : Indian banks should collaborate with fintech companies, which will provide latest

technology.

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Question No. 95
Which of the following is true, according to the passage?
Options :
1. Geotagging help banks target customers at a granular level, but its success rate is average.
2. AI implementation in Indian banks will result in lower customer activation.
3. While using AI- first approach, an „intelligent bank‟ is made, where, decisions are taken through
mix and match of human and AI.
4. While collaborating with fintech companies, banks need not to come up to speed, agility and
flexibility with them.
5. All are correct
Answer : While using AI- first approach, an ‘intelligent bank’ is made, where, decisions are
taken through mix and match of human and AI.

Question No. 96
Which of the following is a near synonym of the word „compliance‟?
Options :
1. agreement
2. pressuring
3. disposition
4. anger
5. hostility
Answer : agreement

Question No. 97
Which of the following can be a suitable title for the passage?
Options :
1. How AI has secured a global ranking for Indian banks?
2. The role of AI in reviving the banking sector.
3. Indian banks need to get way smarter.
4. Increasing customer confidence with the help of cutting-edge technologies.
5. Banking and its dependency on IT.
Answer : Indian banks need to get way smarter.

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Question No. 98
According to the author, which sector has taken up AI faster?
Options :
1. Education
2. Skill development
3. Entertainment
4. Banking
5. Small scale industries
Answer : Banking

Question No. 99
How is AI helping the banks?
(i) solving customer queries using chatbots.
(ii) processing transactions with high accuracy using robotics software.
(iii) fraud detection
(iv) Visual identification and verification
Options :
1. i, ii and iii
2. iii, iv and v
3. ii, iii, iv and v
4. i, iii and v
5. All of these
Answer : All of these

Question No. 100

Banks across the world spend billions of dollars towards technology upgradation each year, and
they have successfully scaled AI technology across the organisation. According to the passage,
this statement is –
Options :
1. Definitely true
2. Definitely false
3. Probably true
4. Probably false
5. Cannot be determined
Answer : Definitely false

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Bank of India Credit Officer Mock Test - 1

General Awareness

Question No. 101

Recently which of the following telecommunication company of in India has completed a successful

trial of the country‟s first 5G private network at Bosch Automotive Electronics‟ facility at Bengaluru?

Options :

1. Reliance Jio

2. Bharti Airtel

3. VodafoneIdea

4. BSNL

5. None of the above

Answer : Bharti Airtel

Question No. 102

Which of the following bank has bagged the best performing bank award in Tamil Nadu for the FY

2021-22 under SHG Bank Linkage Programme category from NABARD?

Options :

1. Indian Bank

2. Union Bank

3. Canara Bank

4. Axis Bank

5. None of the above

Answer : Indian Bank

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Question No. 103

Recently which country‟s central bank has signed a MoU with RBI to expand cooperation in anti-

money laundering and combating the financing of terrorism (AML-CFT)?

Options :

1. Thailand

2. Pakistan

3. Qatar

4. Indonesia

5. None of the above

Answer : Indonesia

Question No. 104

Recently which electric vehicle firm announce to invest $500 million for setting up its battery

innovation centre (BIC) in Bengaluru?

Options :

1. Ampere Electric

2. MG Motors

3. Ola Electirc

4. Suzuki Motors

5. None of the above

Answer : Ola Electirc

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Question No. 105

Sini Shetty has won the title of Femina Miss India 2022. She belongs to which state?

Options :

1. Andhra Pradesh

2. Karnataka

3. Maharashtra

4. Kerala

5. Telangana

Answer : Karnataka

Question No. 106

Consider the following statements with reference to the Open Network for Digital

Commerce:

I. It is a freely accessible government-backed platform that aims to democratise e-commerce.

II. Providers and consumers would be able to use any compatible application of their choice for

exchange of information and carrying out transactions over ONDC.

III. It is an initiative of the Ministry of Consumer Affairs.

Which of the statements is/are correct?

Options :

1. I only

2. II only

3. III only

4. I and II only

5. II and III only

Answer : I and II only

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Question No. 107

According to the FICCI's Economic Outlook Survey (July 2022) India's economy is estimated to

grow how much percentage in the current fiscal year?

Options :
1. 6%
2. 7%
3. 8%
4. 9%
5. None of the above
Answer : 7%

Question No. 108

When is National Income Tax day observed?

Options :

1. 24 July
2. 26 July
3. 25 July
4. 22 July
5. None of the above
Answer : 25 July

Question No. 109

SBI lists $300 million via _______based Formosa Bonds on India INX?

Options :
1. Hong Kong
2. South Korea
3. Taiwan
4. United States
5. Germany
Answer : Taiwan

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Question No. 110

CAATSA is associated with which Country?

Options :
1. India
2. USA
3. China
4. Japan
5. Russia
Answer : USA

Question No. 111

Recently The Government of India has launched a “ RAMP ” Scheme with an outlay of______?

Options :
1. ₹8000 crore
2. ₹6,062.45 crore
3. ₹5,082.452 crore
4. ₹2048.8 crore
5. ₹3550 crore
Answer : ₹6,062.45 crore

Question No. 112

What is the rank of India on the annual World Competitiveness Index for the year 2022?

Options :
1. 37TH
2. 31ST
3. 43RD
4. 50TH
5. 25TH
Answer : 37TH

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Question No. 113

PM Modi launched India's first International Bullion Exchange (IIBX) in _____________.

Options :
1. Maharashtra
2. Gujarat
3. Karnataka
4. Odisha
5. Telangana
Answer : Gujarat

Question No. 114

Recently the Government has formulated a NAMASTE scheme for cleaning of sewer and septic

tanks. What does M stand for?

Options :
1. Men
2. Machinary
3. Mechanized
4. Mechanical
5. None of the above
Answer : Mechanized

Question No. 115

STREET Project is launched by ________________.

Options :
1. Himachal Pradesh
2. Uttarakhand
3. Odisha
4. Kerala
5. None of the above
Answer : Kerala

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Question No. 116

Who is the author of the book “ Our India : Reflections on a Nation Betwixt and Between ” ?

Options :

1. Abraham E. Muthunayagam

2. Shashi Tharoor

3. Amitabh Kant

4. Capt. G R Gopinath

5. None of the above

Answer : Capt. G R Gopinath

Question No. 117

Consider the following about „Udyami Bharat‟ programme.

I. It aims to ramp up the MSME sector.

II. It was launched by Minister of Commerce and Trade Shri Piyush Goyal.

III. Rishabh Gupta was awarded with National MSME Awards, 2022.

Which of the above statement is/are not correct?

Options :

1. I only

2. II only

3. III only

4. I and II Both

5. II and III Both

Answer : II only

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Question No. 118

Recently P. Gopinathan Nair passed away. He was a____?

Options :
1. Philanthropist
2. Musician
3. Writer
4. Freedom Fighter
5. Dancer
Answer : Freedom Fighter

Question No. 119

Airports Authority of India (AAI) signed an Operation & Management agreement for

operationalization of five airports owned by the Government of _____ for a period of 30 years?

Options :
1. Gujarat
2. Haryana
3. Telangana
4. Maharashtra
5. Uttar Pradesh
Answer : Uttar Pradesh

Question No. 120

Recently which of the following railway station in India has become the first railway station to be
equipped with augmented reality screens?
Options :
1. VT Station
2. Bandra Railway Station
3. Chhatrapati Shivaji Maharaj Terminus
4. Kurla Railway Station
5. None of the above
Answer : Chhatrapati Shivaji Maharaj Terminus

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Question No. 121

Which country has topped the annual World Competitive Index 2022?

Options :
1. Norway
2. Sweden
3. Finland
4. Denmark
5. None of the above
Answer : Denmark

Question No. 122

Who among the following has/have been appointed as non official directors on the central board of

the reserve bank of India?

Options :
1. Anand Mahindra
2. Pankaj R Patel
3. Venu Srinivasan
4. Ravindra H Dholakia
5. All of the above
Answer : All of the above

Question No. 123

Which of the following global restaurant chain company had announced the launch of its first all-
women drive-thru restaurant in Gujarat?
Options :
1. McDonalds
2. Burger King
3. KFC
4. Dominos
5. None of the above
Answer : McDonalds

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Question No. 124

“It‟s Fun Banking” is the tagline of which of the following small finance banks?

Options :

1. Janalakshmi Small Finance Bank

2. Ujjivan Small Finance Bank

3. Equitas Small Finance Bank

4. Capital Small Finance Bank

5. None of the above

Answer : Equitas Small Finance Bank

Question No. 125

Ombudsman act was enacted in the year ______

Options :

1. 1991

2. 1992

3. 1995

4. 2006

5. 2008

Answer : 1995

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