ABM Full length test - 1 - Motivational Banker

1. What does statistics primarily deal with?

Qualitative data

Historical data

Quantitative or numerical data

Descriptive data

Question 1 of 96

2. How is the Direct Interview Method defined?

Collecting data from official government records

Asking respondents through questionnaires

Making face-to-face contact with informants

Collecting data from online sources

Question 2 of 96

3. What characterizes secondary data?

First-hand information

Information collected for the first time

Information collected from WHO, UNESCO, LIC, etc

Information collected by the investigator

Question 3 of 96

4. How does the text predict the work concept may change due to effective IT use?

Increase in traditional office spaces

Emphasis on teamwork over individualism

Redefining workspaces and reducing reliance on traditional offices

Decrease in knowledge workers

Question 4 of 96

5. How do organizations consider attitudes when it comes to selection and assignment of employees to jobs?

They disregard attitudes as irrelevant for job assignments.

They use attitudes solely for ego-defensive functions.

They adapt job roles to accommodate employees' personal values.

They consider attitudes to ensure a good fit for the job and work environment.

Question 5 of 96

6. Which institution is credited with making Personnel Management a profession in India, according to the National Commission on Labor?

National Institute of Labor Management (NILM)

Tata Iron and Steel Company (TISCO)

Indian Institute of Personnel Management (IIPM)

Indian Institute of Technology (IIT)

Question 6 of 96

7. What does annihilation risk in banking entail?

The possibility of financial collapse

The likelihood of severe reputational damage

Regulatory action leading to the closure of business

Non-compliance with strategic decisions

Question 7 of 96

8. 8 What should a clear policy for internal audit define to promote effectiveness?

Employee performance metrics

Marketing strategies

Purpose, authority, and standing

Budget allocation for other departments

Question 8 of 96

9. What is the suggested reporting line according to RBI guidelines?

Managing/Executive Director to Board of Directors

Chief Compliance Officer (CCO) to Audit Committee

Regional/Zonal Compliance Officers to Functional Departments

Board of Directors, Audit Committee, MD & CEO, Regional/Zonal Compliance Officers

Question 9 of 96

10. As per RBI guidelines, the projected turnover method of assessment should be applied for working capital limits of up to Rs........in case of MSEs.

One crore

Two crores

Five crores

Ten crores

Question 10 of 96

11. Which agency should private sector/foreign banks inform in addition to the state police and SFIO if fraud involves an amount of Rs. 10 million and above, and staff involvement is prima facie evident?

Central Bureau of Investigation (CBI)

Anti-Corruption Branch of CBI

National Investigation Agency (NIA)

Serious Fraud Investigation Office (SFIO)

Question 11 of 96

12. What is the trend shift observed in Performance Appraisal compared to the Confidential Report approach?

Moving towards more secretive evaluations

Less emphasis on employee involvement

Shifting towards open, collaborative, and transparent systems

Increased focus on the superior's evaluation

Question 12 of 96

13. What is a compound event?

An event with a complex outcome

An event with multiple outcomes

An event with average results

An event with only one outcome

Question 13 of 96

14. What is the function that needs to be maximized or minimized in Linear Programming called?

Constraints

Decision variables

Objective function

Financial factors

Question 14 of 96

15. What is Time Series in statistics?

A technique for measuring spatial data

A statistical method for analyzing cross-sectional data

A statistical technique applied to measure time-based data over a time period

A method for calculating mean and median

Question 15 of 96

16. What is the primary goal of the first step in the Systematic Approach to Training (SAT)?

Preparing a detailed training plan

Identifying areas where training is required

Evaluating the effectiveness of training programs

Selecting and developing trainers

Question 16 of 96

17. What do financial statements provide an overview of?

Borrower's integrity

Short-term goals

Financial condition of a business/entity/person

Profit margins

Question 17 of 96

18. The stage in Erik Erikson's theory that deals with developing a sense of identity is:

Trust vs. Mistrust

Initiative vs. Guilt

Identity vs. Role Confusion

Intimacy vs. Isolation

Question 18 of 96

19. If the sample mean is used to estimate the population mean, what is the specific numerical value called?

Population parameter

Estimation interval

Point estimate

Standard deviation

Question 19 of 96

20. How does performance management relate to job analysis in HR functions?

It measures performance against job activities

It identifies training needs.

It focuses on compensating based on contribution.

It assesses skills and competencies.

Question 20 of 96

21. Which of the following is a liquidity ratio?

Quick ratio

TOL/TNW

DSCR

DER

Question 21 of 96

22. Which of the following is not correct regarding financing of infrastructure project by the banks?

Banks are allowed to funds promoters' equity in certain circumstances

Exposure norms are relaxed by RBI

Asset liability mismatch has been permitted by RBI

IDFC provides liquidity support to banks

Question 22 of 96

23. What does the term "population" refer to in statistics?

A subset of a larger group

All items being studied

The mean, median, and mode of a sample

The characteristics of a sample

Question 23 of 96

24. In a Linear Correlation, how is the relationship between variables when the curve moves from left to right in an upward direction?

Positive

Negative

No correlation

Zero variance

Question 24 of 96

25. What is the primary objective of minimum wages according to the committee on fair wages?

Satisfying social needs

Sustaining the worker

Balancing organizational capacity

Fulfilling human needs

Question 25 of 96

26. In case of companies, what should be done within 30 days from the date of execution of the documents?

The documents should be sent to the Reserve Bank of India

The documents should be registered with the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI)

The charge should be registered with the Registrar of Companies (ROC)

The charge should be registered with the Sub-registrar

Question 26 of 96

27. Which of the following is not a method of detecting wrong mention of receivables in statement submitted by the borrower?

Analysis of financial statements

Cross check from the balance sheet figure

Receivables audit

Inspection of books of account

Question 27 of 96

28. Internal rating means:

Rating the project

Rating the promoters

Rating the risk for internal use

Rating borrower and facility

Question 28 of 96

29. Which layer of NBFC classification includes non-deposit taking NBFCs with assets below Rs.1000 crore?

Middle Layer (NBFC-ML)

Upper Layer (NBFC-UL)

Base Layer (NBFC-BL)

Top Layer (NBFC-TL)

Question 29 of 96

30. What is recommended concerning Compliance Management's relationship with the bank?

Outsourcing core compliance activities

Avoiding periodic and independent reviews

Independence from internal audit

Being a core risk management activity within the bank

Question 30 of 96

31. What is the primary role of a Designated Compliance Officer within a Functional Department?

Overseeing the department's operations

Identifying compliance functions/issues and reporting to senior management

Reporting only to the Compliance Department

Ensuring compliance without reporting to anyone

Question 31 of 96

32. What does Compliance risk include as per the BCBS definition?

Risk of technological advancements

Risk of operational inefficiency

Risk of material financial loss

Risk of ignoring market trends

Question 32 of 96

33. What defines a wilful defaulter according to RBI guidelines?

Defaulting in payment without the capacity to honor obligations

Defaulting in payment and diverting funds for unauthorized purposes

Defaulting in payment due to reasons beyond the borrower's control

Defaulting in payment and using funds for the intended purpose

Question 33 of 96

34. An application for bankruptcy can be withdrawn with the voting percentage of the .....

75 % of Committee of Creditors.

66 % of Committee of Creditors.

90 % of Committee of Creditors

51 % of Committee of Creditors.

Question 34 of 96

35. Who is the Chief of Internal Vigilance in a private sector/foreign bank?

External consultant

Senior management executive

Law enforcement officer

Junior staff member

Question 35 of 96

36. How should officers of both wings (CIV and police/SFIO) stay apprised of the latest developments?

Through public forums

Through press releases

Through periodic meetings

Through social media updates

Question 36 of 96

37. Who heads the Compliance Department within an NBFC?

Chief Risk Officer (CRO)

Chief Financial Officer (CFO)

Chief Compliance Officer (CCO)

Chief Executive Officer (CEO)

Question 37 of 96

38. How can organizations utilize misconduct cases in the context of compliance improvement?

Use them to punish without educational purposes

Ignore their impact on compliance awareness

Use them as educational tools

Avoid acknowledging misconduct cases

Question 38 of 96

39. Which module oversees governance and audits within the GRC application?

MIS Reports

Issues and Action Plan

Governance/Audit Management

Regulatory Reports

Question 39 of 96

40. How are compliance operations expected to adapt to current challenges?

By resisting technological advancements

By ignoring consumer preferences

By staying rigid in approach

By adapting to technological advancements and shifting consumer preferences

Question 40 of 96

41. Which principle defines an essential aspect of a well-managed compliance function?

Regular outsourcing of compliance activities

Limited access to internal audit

An independent and well-resourced compliance function

Irregular reviews by internal audit

Question 41 of 96

42. What does RBI emphasize concerning digital banking expansion and compliance?

Ignoring risks associated with digital banking

Stronger regulatory focus on early risk identification and mitigation

Compliance function should overlook digital banking risks

Reducing compliance standards for digital banking

Question 42 of 96

43. What is the policy's stance on outsourcing the Compliance function?

Encouraging outsourcing of Compliance functions

Compliance function is a core internal activity and must not be outsourced

Outsourcing all internal activities

No specific stance mentioned

Question 43 of 96

44. What is the aim of assessing vulnerability to fraud at branches?

Issuing penalties

Identifying potential fraudsters

Suggesting preventive measures

Terminating employees

Question 44 of 96

45. What should be disclosed concerning unhedged foreign currency exposure as per the disclosure norms?

Only risk management policies

Only incremental provisioning

Risk management policies, provisions, and explanation of incremental provisioning and capital held

Only capital held

Question 45 of 96

46. In a bag total 4 balls are kept containing 1 red, 1 green,1 black and 1 white. If we draw 3 balls than what is probability that no ball is red

1/2

1/3

1/4

1/5

Question 46 of 96

47. Who holds the responsibility for overseeing the compliance function in cross-border issues?

Chief Financial Officer

Head of Marketing

Head of Compliance

Chief Technology Officer

Question 47 of 96

48. What is the primary disadvantage of the Straight Ranking Method?

Difficulty in comparing employees with varying behavior traits

Subjective nature of ratings

Inability to assess top management

Complexity in grading employees

Question 48 of 96

49. Who is involved in the 720-Degree Appraisal Method besides upper-level managers?

Exclusively subordinates

Customers and investors

Solely the reporting authority

Focus on private sector employees

Question 49 of 96

50. How do HRMS and HRIS differ in their scope?

HRMS focuses on numerical data, while HRIS encompasses IT and HR management tech.

HRMS focuses on employee information, while HRIS deals with analytics and profitability tracking.

HRMS is a subset of HRIS, handling quantitative HR aspects only.

HRIS focuses on employee satisfaction, while HRMS deals with workforce challenges.

Question 50 of 96

51. How does HRIS benefit organizations regarding data management?

It complicates data submission to government agencies

It limits decision-making in HR areas

It converts data into valuable information and knowledge

None of the above

Question 51 of 96

52. What is emphasized by identifying BATNA (Best Alternative to a Negotiated Agreement)?

Ignoring alternative solutions

Understanding opposing negotiator's options for compromise

Avoiding compromise altogether

Disregarding negotiators' needs and common ground

Question 52 of 96

53. What defense mechanisms might frustrated individuals use to cope with their conflicts?

Compromise, withdrawal, and fixation

Aggression, withdrawal, and fixation

Aggression, compromise, and withdrawal

Fixation, compromise, and approach

Question 53 of 96

54. What assumption is criticized in the Scientific Management or Rational Economic View?

Overestimating the impact of monetary rewards

Ignoring cultural differences

Assuming workers are primarily motivated by economic considerations

Neglecting non-monetary factors in motivation

Question 54 of 96

55. Which of the following is NOT considered a recognized form of diversity in the workplace?

Race

Gender

Education level

Ethnicity

Question 55 of 96

56. Human behavior is influenced by:

Biological factors

Psychological factors

Social factors

All of the above

Question 56 of 96

57. What is the primary purpose of talent management in organizations?

To focus on employee demographics

To address succession planning challenges

To navigate the challenges of acquiring, developing, and retaining skilled employees

To reduce competition in the job market

Question 57 of 96

58. If Arithmetic Mean and Standard Deviation for a date are 50 and 6 respectively, find the Coefficient of Variation.

11%

12%

13%

14%

Question 58 of 96

59. How is the mean value denoted in the Normal Distribution?

Sigma

Tau

Theta

Question 59 of 96

60. What event is mentioned as an example where permutations and combinations are used?

Rolling a die

Flipping a coin

Dealing cards in poker

Solving equations

Question 60 of 96

61. What does PMF stand for in probability?

Probability Mass Factor

Probability Mass Function

Probability Maximum Function

Probability Measurement Factor

Question 61 of 96

62. What does frequency signify in a frequency distribution?

The number of values occurring only once

The number of occurrences of a specific value in a series of observations

The total number of observations in a dataset

The range of values within a class interval

Question 62 of 96

63. What is the percentage frequency of the class interval 20-30 if the class frequency is 12 out of a total frequency of 32?

12.5%

25%

37.5%

50%

Question 63 of 96

64. What is the condition for positive (right) skewness in a data distribution?

Mean > Median > Mode

Mode > Median > Mean

Median > Mode > Mean

Mean = Mode = Median

Question 64 of 96

65. What characterizes a sample in statistical research?

It includes the entire population

It represents a part of the population

It excludes important observations

It comprises unrelated units

Question 65 of 96

66. According to RBI directives, what elements were mandated to be included in the Compliance Policy for banks?

Profit maximization strategies

Compliance Objective, Scope, Office/Branch roles, and Chief Compliance Officer responsibilities

Marketing strategies

Technological advancements

Question 66 of 96

67. In the Simplex Method, how is the variable to replace determined?

By dividing the identified row by the pivot entry

By updating remaining row values

By choosing the variable with the smallest ratio of solution column to its comparable value in the optimum column

By determining the optimum solution

Question 67 of 96

68. What is a simple event?

An event that can only happen in one way

An event with complex outcomes

An event that involves multiple steps

An event with uncertain outcomes

Question 68 of 96

69. What level of seniority is preferable for the appointment of the Chief Compliance Officer (CCO) in the corporate office?

Entry-level executive

Managerial level

Senior executive, preferably General Manager or equivalent

Director level

Question 69 of 96

70. What is a crucial requirement for the effectiveness of the internal audit function according to the principles?

Financial acumen

Independence and authority

Technological expertise

Customer satisfaction

Question 70 of 96

71. How can the secular trend behave in terms of the general tendency of the time series data?

It always increases

It always decreases

It can increase, decrease, or remain constant

It is constant throughout

Question 71 of 96

72. If the values of 'a' and 'b' are known in a regression equation, what can be defined completely?

The mean of X and Y

The intercept and the change in Y

The regression lines

The median of X and Y

Question 72 of 96

73. When is stratified sampling considered appropriate?

When the population is randomly distributed

When the population is divided into groups of varying sizes

When the population is small and homogenous

When the population lacks any clear divisions

Question 73 of 96

74. The central limit theorem

Requires some knowledge of the frequency distribution

Permits us to use sample statistics to make inferences about population parameters

Relates the shape of a sampling distribution of the mean to the mean of the sample

Requires a sample to contain fewer than 30 observations

Question 74 of 96

75. What type of systems do simulation models excel in handling compared to other models?

Static systems

Predictable systems

Dynamic systems

Fixed systems

Question 75 of 96

76. Comparing the confidence intervals at 96% and 92% levels, how does changing the confidence level affect the interval width?

The interval becomes wider.

The interval becomes narrower.

The interval remains the same.

The interval becomes negative.

Question 76 of 96

77. When is the deadline for shifting the NPA (Non-Performing Asset) classification to accounts overdue for more than 90 days for all NBFCs?

By March 31, 2024

By March 31, 2025

By March 31, 2026

By March 31, 2027

Question 77 of 96

78. How are Credit Risks quantified in banking?

By ignoring deteriorating customer financial conditions

Through daily reporting to the Board

Using credit analysis systems for risk quantification

By restricting lending policies

Question 78 of 96

79. Which type of borrowers are governed by the Indian Trusts Act 1882?

Real Estate Investment Trusts

Trusts

Hindu Undivided Families

Co-operative Societies

Question 79 of 96

80. What is the maximum limit for bank credit to NBFCs (including HFCs) for on-lending as a percentage of the individual bank's total priority sector lending?

10%

Question 80 of 96

81. Which companies are required to adopt Ind AS, according to the guidelines?

Only listed companies

Only unlisted companies with a net worth of Rs. 250 crores or more

All listed companies and unlisted companies with a net worth of Rs. 250 crores or more

Only insurance companies, banking companies, and NBCs

Question 81 of 96

82. Under Turnover method of assessment, as per RBI instructions, the limit is sanctioned at per cent of the projected turnover.

Question 82 of 96

83. What is the minimum tangible net worth required for a company to be eligible to issue Commercial Paper (CP) in India?

Rs. 2 crores

Rs. 4 crores

Rs. 6 crores

Rs. 8 crores

Question 83 of 96

84. How does project appraisal differ from term-loan appraisal?

Project appraisal does not consider managerial aspects

Project appraisal focuses solely on financial ratios

Project appraisal involves examination of techno-economic feasibility and managerial aspects

Project appraisal is only concerned with short-term financing

Question 84 of 96

85. The central limit theorem assures us that the sampling distribution of the mean

Is always normal

Is always normal for large sample sizes

Approaches normality as sample size increases

Appears normal only when N is greater than 1,000

Question 85 of 96

86. What is the threshold for subjecting title deeds and other documents to periodic legal audit and re-verification?

Rs. 1 crore

Rs. 5 crores

Rs. 10 crores

Rs. 50 lakhs

Question 86 of 96

87. What is one of the primary objectives of assigning credit ratings to loan proposals?

Identifying potential defaulters

Assessing the credibility of borrowers

Determining the pricing of loans

Monitoring market trends

Question 87 of 96

88. What is the maximum one-time membership fee that CICs can charge Credit Institutions (CIs)?

Rs. 5,000 each

Rs. 10,000 each

Rs. 15,000 each

Rs. 20,000 each

Question 88 of 96

89. According to the RBI guidelines, under what circumstances can a lending institution consider publishing the photographs of defaulting borrowers?

Only if they have defaulted on education loans

Only if they have been declared as wilful defaulters

Only if they are non-whole time directors

Only if they are guarantors of borrower firms/companies

Question 89 of 96

90. Which Accounting Standard requires disclosure of postponed revenue recognition due to uncertainties?

AS 15

AS 9

AS 21

AS 17

Question 90 of 96

91. What's the strategic focus of Risk Management in GRC?

Limited to certain industries

Solely focused on regulatory risks

Identification and management of risks across organizations

Reactive response to risks without evaluation

Question 91 of 96

92. When is simulation advantageous over a mathematical model that is not robust enough to provide information on all factors of interest?

When mathematical models are always robust

When robustness is not a factor in decision-making

When a mathematical model is not robust enough to cover all factors of interest

When factors of interest are not important in decision-making

Question 92 of 96

93. According to the Payment Fraud Reporting Guidelines, what is the maximum period within which entities must report fraud to RBI?

30 calendar days

14 calendar days

7 calendar days

60 calendar days

Question 93 of 96

94. What entities can report instances of breaches/non-compliances?

Only branches

Compliance department officials

Branches, RO/ZO officials, audit reports, or specific compliance surveys

Only Central office functional departments

Question 94 of 96

95. Which definition of competency highlights its relationship with "clusters of life outcomes"?

Spencer and Spencer (1993)

Lucia and Lepsinger (1999)

Gomes (2007)

McClelland (1973)

Question 95 of 96

96. What HRD system focuses on evaluating and providing feedback to employees regarding their performance?

Potential Appraisal and Career Planning

Organizational Development

Performance Appraisal, Feedback, and Counseling

Talent Management and Succession Planning

Question 96 of 96

ABM Full length test – 1

Login with your site account

Register a new account