State Bank of India (SBI) is going to conduct examination for its recruitment for the post of Probationary Officers (SBI PO 2018) for a total of 2000 vacancies.
The examination will be held in three phases i.e. Preliminary Examination, Main Examination and Group Exercise & Interview. The Preliminary Exam is scheduled on 1st, 7th & 8th of July 2018. Details of the exam are as under:
Practice the questions so as to familiarize yourself with the pattern of questions to be asked in the exam.
Directions (1-5): One of the following part contain error. Mark the option as your answer which contains error.
- (A) The government has not received bids so /(B) far for its stake in state-run carrier Air India, the civil aviation secretary /(C) R N Choubey told TV channels, a day /(D) before the formal bidding process closes.
ABCDNo ErrorOption A
has not received ANY bids
- (A) Public issues usher in more transparency and retail /(B) investors get to diversify into higher-yielding /(C) debt at a time when bank deposit rates are /(D) lagging market interest rates.
ABCDNo ErrorOption E
- (A) Even as banks taste their first success under the Bankruptcy Code /(B) through the resolution of Bhushan Steel there is gaping hole /(C) showing up in the Code /(D) in the matter of resolving cross-border insolvency cases.
ABCDNo ErrorOption B
there is A/THE gaping hole.
- (A) In a less notice move, the US earlier this month submitted a petition to the WTO, /(B) once again arguing that India’s agriculture subsidies exceeded WTO-specified limits. /(C) The move smacks of bad faith and flawed reasoning. In November 2014, the Modi government got the WTO /(D) General Council to agree that public stock-holding for food security would not be challenged until a ‘permanent solution’ was arrived at.
ABCDNo ErrorOption A
less notice = less noticed
- (A) US President Donald Trump is taking the world to brink with his abrasive, /(B) all-or-nothing style of diplomacy. It’s obvious now that /(C) no effort had been made to lay the ground for a smooth summit with /(D) Kim Jong Un. That became clear when the North Koreans did not turn up for a preliminary round of talks in Singapore.
ABCDNo ErrorOption A
to the brink (the brink is a phrase, one of a kind.)
conservingfritteringstintingminglingAll are CorrectOption B
investigatedcalculatedauditedvoicedAll are CorrectOption C
evadescrutinisecheckadhereAll are CorrectOption B
bracedsedatedattachedflexedAll are CorrectOption A
pregnantchargedcaughtcuffedAll are CorrectOption B
Directions (6-10): In the passage given below there are 10 blanks. Every blank has four alternative words given in options (A),(B),(C), and (D). You have to tell which word is APPROPRIATE according to the context. If all are appropriate then mark your answer as “E”.
Developments in auditing have always been driven by corporate scandals. Until the mid-19th century investors used to look over the books themselves, checking that directors were not ____1____ away their capital. After a spate of accounting fraud during Britain’s railway mania, investors turned to professional accountants to do the job. The stockmarket crash in 1929 led to laws requiring listed firms in America to be ____2____. Scandals in the 2000s took down Enron, WorldCom and their auditor, Arthur Andersen. That led to more regulation intended to protect auditors’ objectivity, which comes under pressure because of limited competition and because they are paid by the firms they ____3____, rather than the investors they serve. The tighter rules have had some success: measures of audit quality are improving.
But as Carillion shows, things can still go badly wrong. Incensed British MPs have called for a competition review to consider whether the Big Four in Britain should be broken up. The firms are ____4____ for trouble. But they also argue that they cannot always get things right. People think of auditors as ____5____ with seeking out fraud and failure, says Andrew Gambier from the Association of Chartered Certified Accountants, a trade body. But today’s professional standards set out a more limited role. Auditors give an opinion on whether the accounts are a “true and fair” representation of reality; they consider the risk of fraud, but do not hunt it down.