Monday, 16 November 2015

IBPS Exam RBI Grade 'B' Reasoning Quiz - 44

Directions (1-5): Below is given a passage followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.

Efficiency of capital has long been area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1 % of GDP from 29.1 % in 2004 – 2005. The irony lies in the fact that the planning commission has consistently relied on the incremental Capital output Ratio (ICOR) as tool of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3:7, ie the capital needed for an output of 1 is 3.7 times. if the effective ratio is brought down during 2007 – 2012, then it would be possible to achieve a GDP growth value of 8.9 % over the period with a lesser level of investment than 35.1 %. Nobody doubts that capital formation is critical formation is critical to a higher rate of growth in GDP, but efficiency lies not so much on the capital stock as its utilization.

(a) If the inference is definitely true, i.e. It properly follows from the statements of facts givens
(b) If the inferences is probably true through not definitely true in the light of the facts given.
(c) If the data are inadequate, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(d) If the inference is properly false through not definitely false in the light of the facts given.
(e) If the inference is definitely false, i.e. it cannot possible be drawn from the facts given or it contradicts the given facts.

1. The present rate of investment is around 30% of GDP.
2. Higher the capital output ratio, higher is the growth of GDP.
3. When the rate of investment increase the capital output ratio also increase.
4. Efficiency of capital largely depends upon capital stock.
5. The issue of efficiently of capital is now assuming adequate importance from the Government of India.

Directions (6-10): A private firm has laid down following criteria for selection of Executive Officers (finance). The candidate mus

(i) Be a graduate in any discipline in first class with minimum 60% marks.
(ii) Have obtained postgraduate management degree/ diploma with specialization in Finance with minimum 55 % marks.
(iii) be willing to work anywhere in India.
(iv) be not less than 22 years and not more than 28 years of age as on 1.10.2006.
(v) have cleared the selection test with minimum 50 % marks.
However , if a candidate satisfied all the above mentioned criteria except
(A) at (ii) above , but has done post graduation in Economics with minimum 60% marks or has passed CA/ ICWA exam, the case may be referred to the CEO of the firm.
(B) at (i) above, but has a post- qualification experience of at least 2 years in finance department, the case may be referred to the board of directors .

In each question below information about one candidate is given. You have to study the information about one candidate is given. You have to study the information provided with reference to the criteria and conditions given above and take one of the following courses of action. You are not to assume anything other than the information provided in each question. All these cases are given to you as on 1. 10. 2006.

(a) If the case is to be referred to the CEO .
(b) if the case is to be referred to the board of directors.
(c) if the date provided is inadequate to take a decision.
(d) If the candidate is to be selected
(e) If the candidate is not to be selected

6. Harish Bellary is a 24- Years – old Science graduate with 67% marks and first class. He has passed MBA in finance with 60% marks. He has obtained 58% marks in the selection test.

7. Akhilesh kapoor is a Commerce graduate with 66 % marks and first class. He cleared ICWA exam in November 2004. His date of birth is 17. 9.1984. He is willing to work anywhere in the country. He has secured 63% marks in selection test.

8. Sangeeta Sharma is BSc (Agri) with 72 % marks and second class. She has passed postgraduate management diploma in Finance with 65% marks and thereafter she has been working in finance departments of a co-operative bank for three years. Her date of birth is 21.12.1979. she has no problems in working anywhere in India. She has cleared the selection test with 58% marks.

9. Nikita Sahoo is an MBA with specialization in finance. She passed in June 2004 at the age of 24 years with 57 % marks. She had passed BA in first class with 64% marks. She has cleared the selection test with 60% marks. She is willing to work anywhere in the country.

10. Rajani Sinha is a first- class engineering graduate and passed with 69 % marks. She has done MBA with specialization in Marketing and passed with 60 % marks. Her date of birth is 26.05.1981. she has cleared the selection test with 62 % marks.


Answer

1 (b)   2 (e)    3 (c)     4 (e)    5 (e)
6 (c)    7 (a)    8 (b)    9 (d)   10 (e)


Explanation

1. According to the passage the rate of investment during 2004 -05 was 29.1 % of GDP. And the target has been set at 35.1 % by 2011 -12. Hence around 30 % seems safe enough.
2. From the passage it is obvious that lower the capital output ratio higher is the growth of GDP.
3. No such correlation can be established.
4. From the last of the passage it is obvious that efficiency of the capital largely depends upon the utilization of the capital.
5. Look at the first sentence of the passage Efficiency of capital has long been an area of neglect and remains so.
(6 – 10):


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