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Bank PO Prelims Special Mini Mock-11 July 2020

Attempt now to get your rank among 3459 students!

Question 1

Direction: Read the given passage carefully and answer the questions that follow.

Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.

New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to adapt their traditional services by incorporating more robotics in banking that will attract more tech-savvy customers.

Chatbots in banking are a digital solution that is relatively inexpensive to develop and maintain. For starters, chatbots require less coding than standalone banking apps. And the current growth in popularity of messaging platforms saves banks the cost of developing their own channels, as well as saving on data storage thanks to chatbots' cloud-based systems.

Companies such as Cleo, Stripe, and Wealth front are giving traditional banks a run for their money. However, for these players it is more difficult to meet the demand of key bank products (such as loans) due to less restricted regulations that force their customers to spend heavily on compliance and maintain large capital cushions.

DBS uses Kasisto’s Kai, the underlying technology of MyKai, to allow customers to conduct transactions such as transfers and bill paying. Furthermore, they can ask about their personal finances using messaging applications such as Facebook Messenger and eventually WhatsApp and WeChat, all of which are the top messaging applications used across the world.

In 2016, Swedbank launched on its website and mobile application Nuance’s NINA, who helps answer customer inquiries more quickly by sourcing information relevant to their query using intuitive analysis.

Source: https://www.businessinsider.com/chatbots-banking-ai-robots-finance-2017-10?IR=T
Why are chatbots preferred over standalone banking apps?
I. The banks have more control over chatbots than the standalone banking app
II. Chatbots are relatively inexpensive
III. Chatbots are not controlled by the government

Question 2

Direction: Read the given passage carefully and answer the questions that follow.

Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.

New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to adapt their traditional services by incorporating more robotics in banking that will attract more tech-savvy customers.

Chatbots in banking are a digital solution that is relatively inexpensive to develop and maintain. For starters, chatbots require less coding than standalone banking apps. And the current growth in popularity of messaging platforms saves banks the cost of developing their own channels, as well as saving on data storage thanks to chatbots' cloud-based systems.

Companies such as Cleo, Stripe, and Wealth front are giving traditional banks a run for their money. However, for these players it is more difficult to meet the demand of key bank products (such as loans) due to less restricted regulations that force their customers to spend heavily on compliance and maintain large capital cushions.

DBS uses Kasisto’s Kai, the underlying technology of MyKai, to allow customers to conduct transactions such as transfers and bill paying. Furthermore, they can ask about their personal finances using messaging applications such as Facebook Messenger and eventually WhatsApp and WeChat, all of which are the top messaging applications used across the world.

In 2016, Swedbank launched on its website and mobile application Nuance’s NINA, who helps answer customer inquiries more quickly by sourcing information relevant to their query using intuitive analysis.

Source: https://www.businessinsider.com/chatbots-banking-ai-robots-finance-2017-10?IR=T
Which of these banks use Kasisto’s Kai?

Question 3

Direction: Read the given passage carefully and answer the questions that follow.
Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.
New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to adapt their traditional services by incorporating more robotics in banking that will attract more tech-savvy customers.
Chatbots in banking are a digital solution that is relatively inexpensive to develop and maintain. For starters, chatbots require less coding than standalone banking apps. And the current growth in popularity of messaging platforms saves banks the cost of developing their own channels, as well as saving on data storage thanks to chatbots' cloud-based systems.
Companies such as Cleo, Stripe, and Wealth front are giving traditional banks a run for their money. However, for these players it is more difficult to meet the demand of key bank products (such as loans) due to less restricted regulations that force their customers to spend heavily on compliance and maintain large capital cushions.
DBS uses Kasisto’s Kai, the underlying technology of MyKai, to allow customers to conduct transactions such as transfers and bill paying. Furthermore, they can ask about their personal finances using messaging applications such as Facebook Messenger and eventually WhatsApp and WeChat, all of which are the top messaging applications used across the world.
In 2016, Swedbank launched on its website and mobile application Nuance’s NINA, who helps answer customer inquiries more quickly by sourcing information relevant to their query using intuitive analysis.
Source: https://www.businessinsider.com/chatbots-banking-ai-robots-finance-2017-10?IR=T
Why do the legacy banks have difficulty in adopting innovative products?
I. Because they work in traditional ways, without high use of the internet and it would take time to switch over
II. Because it’s easier to maintain the data on paper than online
III. Because traditional banks are against the internet

Question 4

Direction: Read the given passage carefully and answer the questions that follow.
Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.
New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to adapt their traditional services by incorporating more robotics in banking that will attract more tech-savvy customers.
Chatbots in banking are a digital solution that is relatively inexpensive to develop and maintain. For starters, chatbots require less coding than standalone banking apps. And the current growth in popularity of messaging platforms saves banks the cost of developing their own channels, as well as saving on data storage thanks to chatbots' cloud-based systems.
Companies such as Cleo, Stripe, and Wealth front are giving traditional banks a run for their money. However, for these players it is more difficult to meet the demand of key bank products (such as loans) due to less restricted regulations that force their customers to spend heavily on compliance and maintain large capital cushions.
DBS uses Kasisto’s Kai, the underlying technology of MyKai, to allow customers to conduct transactions such as transfers and bill paying. Furthermore, they can ask about their personal finances using messaging applications such as Facebook Messenger and eventually WhatsApp and WeChat, all of which are the top messaging applications used across the world.
In 2016, Swedbank launched on its website and mobile application Nuance’s NINA, who helps answer customer inquiries more quickly by sourcing information relevant to their query using intuitive analysis.
Source: https://www.businessinsider.com/chatbots-banking-ai-robots-finance-2017-10?IR=T
Why do tech-savvy users get attracted to newer banks?
I. Because newer banks have incorporated chatbots which are easier and faster to operate than to actually visiting a bank
II. Because old banks don’t like tech-savvy users
III. Because the government has put a hold on new users getting an account in a traditional bank
IV. Because old banks do not have a good reputation

Question 5

Direction: Read the given passage carefully and answer the questions that follow.
Chatbots, computer programs that typically use text-based live chat as an interface to carry out tasks for customers on behalf of the business, are emerging as an inexpensive way to introduce artificial intelligence (AI) in banking.
New digitally savvy companies have found success attracting consumers with user-friendly offerings, while legacy banks are finding it difficult to invest in and adopt innovative products. To remain competitive, these large banks will have to adapt their traditional services by incorporating more robotics in banking that will attract more tech-savvy customers.
Chatbots in banking are a digital solution that is relatively inexpensive to develop and maintain. For starters, chatbots require less coding than standalone banking apps. And the current growth in popularity of messaging platforms saves banks the cost of developing their own channels, as well as saving on data storage thanks to chatbots' cloud-based systems.
Companies such as Cleo, Stripe, and Wealth front are giving traditional banks a run for their money. However, for these players it is more difficult to meet the demand of key bank products (such as loans) due to less restricted regulations that force their customers to spend heavily on compliance and maintain large capital cushions.
DBS uses Kasisto’s Kai, the underlying technology of MyKai, to allow customers to conduct transactions such as transfers and bill paying. Furthermore, they can ask about their personal finances using messaging applications such as Facebook Messenger and eventually WhatsApp and WeChat, all of which are the top messaging applications used across the world.
In 2016, Swedbank launched on its website and mobile application Nuance’s NINA, who helps answer customer inquiries more quickly by sourcing information relevant to their query using intuitive analysis.
Source: https://www.businessinsider.com/chatbots-banking-ai-robots-finance-2017-10?IR=T
What is the synonym for the word 'compliance' as mentioned in the passage?

Question 6

Directions: Answer the questions based on the information given below:
The following line graph shows revenue and expenditure of a company A for 5 year (in Lakhs):
What is the average revenue of the company over the years?

Question 7

Directions: Answer the questions based on the information given below:
The following line graph shows revenue and expenditure of a company A for 5 year (in Lakhs):
What is the difference between revenue and expenditure of company A over the year?

Question 8

Directions: Answer the questions based on the information given below:
The following line graph shows revenue and expenditure of a company A for 5 year (in Lakhs):
What is the average expenditure of the company A over the years?

Question 9

Directions: Answer the questions based on the information given below:
The following line graph shows revenue and expenditure of a company A for 5 year (in Lakhs):
What is the ratio of sum of expenditure in the year 2012 and 2013 to that of revenue in year 2014?

Question 10

Directions: Answer the questions based on the information given below:
The following line graph shows revenue and expenditure of a company A for 5 year (in Lakhs):
In which year was the profit percentage highest?
Given that: Profit =

Question 11

Direction: Study the following information carefully and answer the questions given below:

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 rearrangements.

Input: time 26 trend 92 apple 79 college 18 van 46
Step 1: van time 26 trend 92 apple college 18 46 79
Step 2: van apple time 26 trend college 18 46 92 79
Step 3: van apple trend time college 26 18 46 92 79
Step 4: van apple trend college time 26 18 46 92 79
Step 4 is the last step.

As per the rules followed in the above steps, find out in each of the following questions the appropriate step of the given input.

Input: band 96 cat 89 rabbit 72 tape 64 doll 16

Which among the following is penultimate step?

Question 12

Direction: Study the following information carefully and answer the questions given below:

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 rearrangements.

Input: time 26 trend 92 apple 79 college 18 van 46
Step 1: van time 26 trend 92 apple college 18 46 79
Step 2: van apple time 26 trend college 18 46 92 79
Step 3: van apple trend time college 26 18 46 92 79
Step 4: van apple trend college time 26 18 46 92 79
Step 4 is the last step.

As per the rules followed in the above steps, find out in each of the following questions the appropriate step of the given input.

Input: band 96 cat 89 rabbit 72 tape 64 doll 16

How many elements are there between ‘doll’ and ‘rabbit’ in last but one step?

Question 13

Direction: Study the following information carefully and answer the questions given below:

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 rearrangements.

Input: time 26 trend 92 apple 79 college 18 van 46
Step 1: van time 26 trend 92 apple college 18 46 79
Step 2: van apple time 26 trend college 18 46 92 79
Step 3: van apple trend time college 26 18 46 92 79
Step 4: van apple trend college time 26 18 46 92 79
Step 4 is the last step.

As per the rules followed in the above steps, find out in each of the following questions the appropriate step of the given input.

Input: band 96 cat 89 rabbit 72 tape 64 doll 16

In step 3, If ‘16’ is related to ‘doll’ and ‘72’ is related to ‘cat’. In the same way, ‘64’ is related to?

Question 14

Direction: Study the following information carefully and answer the questions given below:

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 rearrangements.

Input: time 26 trend 92 apple 79 college 18 van 46
Step 1: van time 26 trend 92 apple college 18 46 79
Step 2: van apple time 26 trend college 18 46 92 79
Step 3: van apple trend time college 26 18 46 92 79
Step 4: van apple trend college time 26 18 46 92 79
Step 4 is the last step.

As per the rules followed in the above steps, find out in each of the following questions the appropriate step of the given input.

Input: band 96 cat 89 rabbit 72 tape 64 doll 16

What is the position of ‘cat’ with respect to ‘16’ in step 2?

Question 15

Direction: Study the following information carefully and answer the questions given below:

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 rearrangements.

Input: time 26 trend 92 apple 79 college 18 van 46
Step 1: van time 26 trend 92 apple college 18 46 79
Step 2: van apple time 26 trend college 18 46 92 79
Step 3: van apple trend time college 26 18 46 92 79
Step 4: van apple trend college time 26 18 46 92 79
Step 4 is the last step.

As per the rules followed in the above steps, find out in each of the following questions the appropriate step of the given input.

Input: band 96 cat 89 rabbit 72 tape 64 doll 16

Which element is placed second to the right of ‘rabbit’ in step 2?
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Jun 7PO, Clerk, SO, Insurance