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Mahendras has started special quizzes for IBPS & SBI Exam so that you can practice more and more to crack the examination. This IBPS & SBI Exam special quiz series will mold your preparations in the right direction and the regular practice of these quizzes will be really very helpful in scoring good marks in the Examination. Here we are providing you the important question of reasoning ability for the IBPS & SBI Exam.
In the following passage there are blanks each of which has been numbered. These numbers are given below the passage and against each five words have been suggested, one of which fits the blanks appropriately. Find out the appropriate word in each case
If you’ve watched the famous Hollywood flick ‘Robocop’, which features a superhuman law enforcer, then robo-advisors may (A) up images of robots handing out financial advice in synthesised voices. As (B) as it sounds, that’s not the case.
A robo-advisor is essentially an online financial advisory firm that uses automation and algorithms to offer investment advice. It not only helps you choose the right investment but also provides the platform to complete the transaction and monitor the portfolio on an (C) basis. Through the use of online tools these new breed of advisors also promise to lower costs.
Robo-advisory firms in India vary in the way they offer services, but (D) offer a basket of mutual funds you can invest in. Some operate on an advisory model and charge an advisory fee. You can then invest in mutual funds through the platform for which these platforms also charge convenience fees for (E) the transaction. The mutual fund investments are in direct plans where the returns are typically higher by up to 1 per cent, somewhat offsetting the additional fees you pay for advisory services. Direct plans save on the commission payable to the distributor.
The second category of firms operates on a distribution model, similar to traditional advisors. They advise on funds and assets to invest in and the transaction is completed through the platform, all for free. The platforms, in turn, earn a commission from the mutual fund house. You can use the platform for free, but only to invest in regular plans. If you want to invest in direct plans, you will have to do it (F).
Finally, there are also platforms that have a mixed model. They charge you for the advice in case you opt to transact on your own. Take the case of a similar example. It charges an annual fee of ?1,000 approx. for financial advice. And you are free to buy the units directly from the fund house. But if you choose to make the (G) through its platform, they will waive the service fee and offer you free advice. This is because they facilitate investment in regular option and thereby earn a commission from the fund house.
Another One, on the other hand, (not a robo-advisory in the true sense) only provides guidance through calculators on how much (H) you must build to meet various goals. To invest, it directs you to sites such as FundsIndia.com.
Robo-advisors mostly offer a portfolio made up of debt and equity mutual funds. Within this, some firms only offer a limited set of funds that are pre-selected by their algorithm and in-house experts.
Others may provide a (I) selection of funds and some also include a wider asset base that includes gold ETFs, bonds and tax-saving investments.
Some advisors may also provide you advice on keeping your funds in cash based on market condition and a choice of liquid funds. The aim of these platforms, in the near future, is to be a one-stop shop for all financial advice, offering insurance, loan and property, and (J) such as tax filing.
1 Choose the correct option for (A)
01. exorcise
02. conjure
03. disgust
04. repel
05. loathing
2 Choose the correct option for (B)
01. anarchic
02. stylish
03. hypnogogic
04. old fashioned
05. futuristic
3 Choose the correct option for (C)
01. progressing
02. bygone
03. intermittent
04. ongoing
05. perpetual
4 Choose the correct option for (D)
01. predominantly
02. fundamentally
03. secondarily
04. supremely
05. habitually
5 Choose the correct option for (E)
01. enduring
02. hindering
03. facilitating
04. expedite
05. retard
6 Choose the correct option for (F)
01. violation
02. independently
03. exclusive
04. partially
05. constantly
7 Choose the correct option for (G)
01. asset
02. divestment
03. endowment
04. investment
05. bounty
8 Choose the correct option for (H)
01. corpus
02. oeuvre
03. pith
04. tenor
05. tendency
9 Choose the correct option for (I)
01. roomy
02. skimpier
03. ample
04. wider
05. needy
10 Choose the correct option for (J)
01. maintenance
02. disfavour
03. esteem
04. endorsement
05. services
Answers :-
Q.1 (2)
Q.2 (5)
Q.3 (4)
Q.4 (1)
Q.5 (3)
Q.6 (2)
Q.7 (4)
Q.8 (1)
Q.9 (4)
Q.10 (5)
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