OICL Specialist Officer Finance Exam 2015 Question Paper

Download PDF
For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 1

Dr. Nasim Zaidi has recently assumed the office of______.

OICL Specialist Officer Finance Exam 2015 - Question 4

According to a recent report from the World Bank, the world’s largest urban area in both size and population is____.

OICL Specialist Officer Finance Exam 2015 - Question 5

Traditionally the President of the World Bank Group has always been nominated by_____.

OICL Specialist Officer Finance Exam 2015 - Question 8

The recently launched β€˜MUORA Bank’ will provide loans to small entrepreneurs including shopkeepers and beauty parlour owners of up to the maximum amount of ____.

OICL Specialist Officer Finance Exam 2015 - Question 10

The M S Sahoo committee, was set up to review_____.

OICL Specialist Officer Finance Exam 2015 - Question 12

The group of three Himalayan Mountain peaks of western Kumaun which forms the southwest corner of the ring of peaks enclosing the Nanda Devi Sanctuary, is known ____.

OICL Specialist Officer Finance Exam 2015 - Question 13

As per the recent amendments to the Insurance Act, a policy of life Insurance cannot he wiled in question on any ground whatsoever after the expiry of_______ from the date of issuance of the policy.

OICL Specialist Officer Finance Exam 2015 - Question 23

The β€˜SB I Life Insurance Company Limited’ is a joint venture life insurance company between State Bank of India and ____.

OICL Specialist Officer Finance Exam 2015 - Question 25

The β€˜World Quality Day’ is observed every year on the_____.

OICL Specialist Officer Finance Exam 2015 - Question 27

The abbreviation β€˜AQI’ stands for a number used by government agencies to communicate to the public how polluted the air currently is, in the abbreviation alphabet β€˜I’ Stands for _____.

OICL Specialist Officer Finance Exam 2015 - Question 31

Every public company having paidup
share capital of more than____ shall appoint
an internal auditor as per the provisions of The Company’s Act, 2013.

OICL Specialist Officer Finance Exam 2015 - Question 33

M/s Computer india has currently 10,00,000 shares outstanding with market price of
Rs. 20/each.
The company proposes to issue 2,00,000 additional shares at an issue
price of Rs. 25/each.
What is the theoretical price of the diluted price of the share after
the issue?

OICL Specialist Officer Finance Exam 2015 - Question 38

The tax rate applicable for a film is 33%. If its operating expense decreases by INR 10
million, net profit (PAT) will

OICL Specialist Officer Finance Exam 2015 - Question 39

In case of an index fund scheme of exchange traded fund, the total expenses of the
scheme including the investment and advisory fees shall not exceed of the weekly
average net assets.

OICL Specialist Officer Finance Exam 2015 - Question 40

Capital at the beginning of the year was Rs. 10 lakhs and drawings were Rs. 1 lakhs
during the year. The prolit in the year was Rs. 4 lakhs and capital introduced was
Rs.2lakhs. Capital at the end is

OICL Specialist Officer Finance Exam 2015 - Question 43

Mutual Funds shall ensure that the price of the unit is not higher than____ of the net
asset value, except the close ended schemes launched prior to commencement of SEBI
(Mutual fun d: Regulations 2009

OICL Specialist Officer Finance Exam 2015 - Question 44

Total sale of company is Rs. 500,000, If Its amounts receivables turnover is 5 during the
year, the average collection period based on a 185 day welfare receivable are about

OICL Specialist Officer Finance Exam 2015 - Question 48

In the event of failure to refund the amount within specified period, the Asset
Management Co. shall be liable to pay interest to the applicant at the rate of_____ from
the expiry of permissible period after the date of closure of the subscription list.

OICL Specialist Officer Finance Exam 2015 - Question 49

The Net Asset Value of the Mutual Fund Scheme (except in close ended scheme, other
than that of ELSS) shall be calculated and published at least in two daily newspapers at
intervals of not exceeding

OICL Specialist Officer Finance Exam 2015 - Question 53

Which of the following persons are not eligible for Employee Stock Option Scheme
(ESOS)?

OICL Specialist Officer Finance Exam 2015 - Question 54

When a company conceals important financial information, it violates theβ€”

OICL Specialist Officer Finance Exam 2015 - Question 58

The Net Asset value of the close ended Mutual Fund Scheme other than that of ELSS
shall be calculated in ______ basis and published in atleast two daily newspapers.

OICL Specialist Officer Finance Exam 2015 - Question 62

ICRA was formerly -

OICL Specialist Officer Finance Exam 2015 - Question 65

Mutual Fund shall ensure that repurchase price of the units is not lower than _____of
the Net Asset Value,
except the close ended schemes launched prior to commencement of SEBI Mutual Fund
Regulations 2009.

OICL Specialist Officer Finance Exam 2015 - Question 71

Samartha is five times as old as his daughter Trisha and Samartha’s wife Phalguni’s age is 26 years more than that of Trisha. The difference between thrice the age of Samarth ten years ago and twice the age of Phalguni ten years ago was 42 years. What will be the respective ratio of Phalguni’s age 12 years hence and Samartha’s age 12 years hence?

Refer to the following piechart and the table and answer the given questions.

Distribution of total number of commuters (males and females) who travel on 6 different routes of Metro :Total number of commuters = 4000



OICL Specialist Officer Finance Exam 2015 - Question 72

20% male commuters who travel on routes A and F together are less than 25 years of age and 20% female commuters who travel on the same routes together are less than 25 years of age. What is the respective ratio between the two?

OICL Specialist Officer Finance Exam 2015 - Question 73

What is the difference between the total number of male commuters who travel on routes C and E together and the total number of female commuters who travel on the same routes together ?

OICL Specialist Officer Finance Exam 2015 - Question 75

The number of commuters (both male and female) who travel on routes on D and E together is what percent more than the the number of commuters (Both male and female) who travel on route B ?

For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 77

A shopkeeper marked the price of an article 12.5% more than its cost price. Mr. Sharma purchased the same article at a discount of 20% on the marked price of the article but also paid VAT of 12% on the discounted price. Mr. Sharma then gave the article to his cousin for Rs. 5200 and thereby earned a profit of 30% on the original cost price of the product. At what price did Mr. Sharma purchase the article from the shopkeeper ?

OICL Specialist Officer Finance Exam 2015 - Question 78

In an election only two candidates contested. 30% of the registered votes did not cast their votes and 180 votes were declared invalid. The winner got 684 votes more than his opponent. The number of valid votes received by the winner is 42% of the number of registered voters. How many registered voters cast their votes?

OICL Specialist Officer Finance Exam 2015 - Question 79

A starts a small business by investing a certain sum of money. B joins A after three months from the start of the business by investing 1.5 time A’s investment. Three months after B joined the business, C joins A and B by investing half of A’s investment. It was agreed that the working partner would receive 10% of the profit and the share according to the investment proportion from the rest of the profit. If total profit at the end of the year was Rs. 23750, how much will A, being the only working partner receive?

What approximate value will come in place of the question mark (?) in the following questions.? (You are not required to calculate the exact value).

What will come in place of the question mark (?) in the following number series?

For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 90

Train A travelling at 126 km/ hour speed, completely crosses Train B in 9 seconds. Train B is half the length of Train A and is travelling at a speed of 90 km/ hour in the opposite direction (towards Train A). How much will Train A take to cross a platform of length 690 metres ?

Study the following information carefully to answer the questions.

There are 5 colleges in university `XYZ’ namely A, B, C, D and E. The number of students in college A is 25% of the total number of students in University β€˜XYZ’. The number of students in college C is 60% of the number of students in college A. The number of students in college D is three fourth of the number of students in college C. The number of students in college E is 1/2 the number of students in college C. The number of students in college E is 450.

OICL Specialist Officer Finance Exam 2015 - Question 92

In college D, the respective ratio between the total number of male students and the total number of female students is 13 : 12. If the total number of female students in college E is three fourth of the total number of female students in college D. What is the respective ratio between total number of male students and total number of female students in college E?

OICL Specialist Officer Finance Exam 2015 - Question 93

In University `PQR, the total number of students is 28% of the total number of students in University `XYZ. If in University β€˜PQR’ 60% of the total students study either in science stream or in commerce stream and the respective ratio between the number of students studying in science stream and the number of students studying in commerce stream is 7 : 5, what is the number of students studying in science stream?

OICL Specialist Officer Finance Exam 2015 - Question 95

In college A, the total number of teachers is 1/20 th of the total number of students. If the total number of teachers in college C is 15 less than the total number of teachers in college A, what is the total number of teachers in college C ?

Study the following table to answer the given questions.

OICL Specialist Officer Finance Exam 2015 - Question 96

In January 2013, out of the total number of visitors in the age group less than or equal to 20 years. who visited the park. 60% of the visitors were females. What is the difference between the number of female visitors in the age group above 20 years and the number of male visitors in the age group above 20 years?

OICL Specialist Officer Finance Exam 2015 - Question 99

What is the difference between the total number of the male visitors in September 2012 and October 2012 together and the total number of male visitors in November 2012 and December 2012 together?

Read the following passage carefully and answer the given questions. Certain words are given in bold to help you locate them while answering some of the
questions.

With India expected to turn the corner on the back of structural reforms. Its economy is projected to clock 7 per cent growth in 2015, even as China would see as economic slowdown, says a study.

Presenting predictions by its economists for the New Year, global consultancy PWC said India is expected to resume growing at more than 6 percent after seeing expansion below this level since 2012.

We think 2012 could be the year that India turns the corner, posting growth of around 7 percent. In the short term, low oil prices are likely to increase GDP growth, ease the pressures of India’s high current account deficit and help bring down inflation. Regarding the country’s mediumterm economic prospects, PWC said, `With the February 2015 budget India could take a step towards implementing new structural reforms which will boost the economy.”

India’s economic growth was below 5 percent in the last two financial years. The Reserve Bank of India (RBI) forecast the economy to grow at 5.5 percent in 201415 (ending this March) and at 6.3 percent in next financial year 201516. PWC said that even though China is expected to make the biggest contribution to global growth this year, its projected growth rate of 7.2 percent β€œwould be its lowest since 1990 and its high debt levels pose some downside risks to that main scenario.” While the US is expected to see the fastest growth in a decade, euro zone is anticipated to see quantitative easing programme involving the purchase of government bonds. As per the report businesses. should look out three factors yearoil prices, hard lending in China and escalation of geopohucal risks. Our predictions and projections assume that oil prices will average between $6070 over the course of 2015 and finish this year at around USD 80. However, due to the highly unpredictable nature of oil prices, businesses should plan for different scenarios, the PWC report said.

Besides an escalation of the geopolitical tensions in Russia and Ukraine as well as in the Middle. East could have negative influence on Indian business confidence, with consequent implications for global growth.

OICL Specialist Officer Finance Exam 2015 - Question 101

Which of the following best expresses the phase β€˜on the back of , as used in the passage ?

OICL Specialist Officer Finance Exam 2015 - Question 104

According to the passage, which of the following is not true ?

OICL Specialist Officer Finance Exam 2015 - Question 105

Which of the following is true according to the passage ?
(A) The US will show the highest economic growth this year.
(B) From 2012 till date, India’s economy has not seen economic grow the above 6 percent
(C) There is no scope of improvement in the economic growth of the Euro zone this year.

OICL Specialist Officer Finance Exam 2015 - Question 107

Which of the following can be the most suitable title for the passage ?

OICL Specialist Officer Finance Exam 2015 - Question 109

According to the passage, which of the following can be said about China this year ?
(A) Its contribution to economic growth this year will not be impressive globally.
(B) Its economic growth rate this year will be its lowest over the past twenty five years.
(C) Its debt level will affect its economic growth rate adversely.

OICL Specialist Officer Finance Exam 2015 - Question 110

According to the passage, which of the following will possibly work in India’s favour this year ?
(A) Oil prices.
(B) India’s budget announced in February 2015.
(C) Reduction in inflation.

Read each sentence to find out whether there is any grammatical error or idiomatic error in it. The error, if any, will be in one part of the sentence. The number of that part is the answer. If there is no error, the answer is e:. (Ignore errors of punctuation, if any)

OICL Specialist Officer Finance Exam 2015 - Question 111

Technology is changing (a)/ every facets of work (b)/ including how companies (c)/ select their employees. (d)/ No error (e)

OICL Specialist Officer Finance Exam 2015 - Question 112

Over a period of time we learn (a)/ to identify whether (b)/ our colleagues are truly interesting in a project (c)/ or are just giving it up service. (d)/ No error (e)

OICL Specialist Officer Finance Exam 2015 - Question 113

Public Internet access usually (a)/ comes at a steep price as (b)/ a person may have to (c)/ use a week’s salary to spend just an hour emailing his family overseas. (d)/ No error(e)

OICL Specialist Officer Finance Exam 2015 - Question 114

Most leaders now (a)/ recognize that the best (b)/ teams leveraging diversity (c)/ to achieve long term success. (d)/ No error (e)

OICL Specialist Officer Finance Exam 2015 - Question 115

It is no secret that (a)/ family businesses can (b)/ struggle with governance, (c)/ leader ship transitions and even survival. (d)/ No error (e)

Which of the phrases a:, b:, c: and d: given below each sentence should replace the word/phrase printed in bold in the sentence to make it grammatically correct? If the sentence is correct as it is given and no correction is required, select e: as the answer.

OICL Specialist Officer Finance Exam 2015 - Question 116

Named after his father he was the company’s most forcefully leaders and steered it through the Depression and oversaw its initial public offering in 1944.

OICL Specialist Officer Finance Exam 2015 - Question 117

The photographs that he took of the war giving human faces with conflicts and made people aware of the facts of conflicts.

OICL Specialist Officer Finance Exam 2015 - Question 118

Science says there is virtue in working standing up and today the trendiest offices all have treadmill desks which encourage people to walk while work.

OICL Specialist Officer Finance Exam 2015 - Question 120

Relaxing regulations will allow investors to diverse asset and invest their money wherever they see fit,

In the following passage there are blanks, each of which has been numbered. These numbers are printed below the passage and against each, five words are suggested, one of which fits the blank appropriately. Find out the appropriate word in each case,

All industrial nations one day hit an environmental turning point, an event that dramatises to the population the ecological consequences of growth. In America that event occurred in 1969, when the Cuyahoga river in Ohio (1) with pollutants and bereft of fish caught fire. America’s Environmental Protection Agency (EPA) was (2) the same year. Strict environmental laws passed by Japan in the 1970s followed the (3) that poisonous mercury spilled from a plastic factory was claiming thousands of lives (4) the bay of Minamata. The fetid smog that settled on Beijing in January 2013(5) join the ranks of these game changing environmental disruptions. Public concern (6). The β€˜airpocalypse’ injected a new urgency into local debate about the environment and (7) a green policy frenzy a few months later. The government unveiled a (8) of reforms to restrict air pollution. It started the country’s first carbon market, made (9) environmental crimes easier and made local officials more accountable for air quality in (10) areas. It is therefore said that China will do for zero carbon energy what it has already done for consumer electronics put it within the reach of everyone

For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 131

Study the following information carefully to answer the given question.
Even though Country X has developed a new vaccine called Stagerne for the treatment of an earlier ncurable disease, the Health Ministry of Country X has recently ordered to discontinue its usage until further refinements. Which of the following strengthens the order given by the Health Ministry of Country X?

In each of the following questions, three statements followed by two Conclusions numbered I and II are given. You have to take the given statements to be true even if they seem to be at variance from the commonly known facts and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.
a: if both the Conclusions and conclusion II follow
b: if either Conclusion I or Conclusion II follows
c: if only Conclusion I follows
d: if only Conclusion II follows
e: if neither Conclusion I nor Conclusion II follows

OICL Specialist Officer Finance Exam 2015 - Question 133

Statements
Some villages are cities.
All cities are oceans.
No ocean is a town.
Conclusions :
I. All cities being villages is a possibility.
II. No town is a village.

OICL Specialist Officer Finance Exam 2015 - Question 134

Statements
Some villages are cities.
All cities are oceans.
No ocean is a town.
Conclusions :
I. Atleast some oceans are villages.
II. No city is a town.

OICL Specialist Officer Finance Exam 2015 - Question 135

Statements
Some stones are rocks.
No rock is a hill.
All hills are mountains.
Conclusions :
I. Some stones are mountains.
II. All mountains are rocks.

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

Eight persons β€” A, B, C, D, P, Q, R and S β€” are sitting around a circular table with equal distances between each other (but not necessarily in the same order). Some of them face outside and some others face the centre.
NOTE : Facing the same direction means if one faces the centre then the other also faces the centre and viceversa. Facing the opposite directions means if one faces the centre then the other faces outside and viceversa. Immediate neighbours face the same direction means if one neighbour faces the centre then the other neighbour also faces the centre and viceversa. Immediate neighbours face the opposite directions means if one neighbour faces the centre then the other neighbour faces outside and viceversa. P sits to the immediate right of C. Only three persons sit between P and A. R sits third to the left of A. Neither A nor C is an immediate neighbour of B. D sits to the immediate left of B. Q sits second to the left of D. The immediate neighbours of A face the same direction. The immediate neighbours of B face opposite directions. S sits second to the right of P. The immediate neighbours of C face the same direction. S faces outside

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

Seven persons, namely A, B, C, D, E, F and G will be participating in seven different activities for annual college festival namely, Baking, Dancing, Singing, Painting, Acting, Running and Miming (not necessarily in the same order), from Monday to Sunday of the same week). F will participate on Wednesday. Only one person will participate between F and the one who will participate in Acting. The one participating in painting will
participate immediately before the one participating in Acting. C will participate immediately before E. Neither C nor E will participate in Acting. Only two persons will participate between C and the one who will participate in Miming. The one who will participate in Baking will participate after C (May or may not be immediately after). B will participate immediately after the one who will participate in Running. Only two persons will participate between G and A. G will participate before A. B will not participate in Singing.

OICL Specialist Officer Finance Exam 2015 - Question 141

Four of the following five are alike in a certain way as per the given arrangement and hence form a group. Which of the following does not belong to that group?

OICL Specialist Officer Finance Exam 2015 - Question 143

As per the given arrangement, B is related to painting and D is related to Baking in a
certain way. To which of the following is A related in the same way?

For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 146

If all the vowels in the word β€˜GUIDANCE’ are rearranged in the alphabetical order from left to right, followed by the consonants in the alphabetical order from left to right, the position of which of the following five alphabet given below will remain unchanged?

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

In a certain code language,
`shared his valuable experiences’ is written as β€˜sa ro li me’
β€˜valuable contribution of teacher’ is written β€˜dy sa ha kt’

β€˜experiences are his teacher’ is written ps me dy’
`shared contribution of success is written β€˜ha ro kt en’
. (All the codes are two letter codes only)

In each of the following questions. relationship between difference elements is shown in the question The statements are followed by Conclusions. Study the Conclusions based on the given statements and select the appropriate answer.
a: if both the Conclusions I and II are true
b: if either Conclusion I or Conclusion II is true
c: if only Conclusion I is true
d: if only Conclusion II is true
e: if neither Conclusion I nor Conclusion 11 is true

OICL Specialist Officer Finance Exam 2015 - Question 151

Statements :
P ≀ U = R β‰₯ TΝΎ R < AΝΎ P β‰₯M
Conclusions :
I. M ≀ T
II. T < A

OICL Specialist Officer Finance Exam 2015 - Question 152

Statements :
P ≀ U = R β‰₯ TΝΎ R < AΝΎ P β‰₯M
Conclusions :
I. A > P
II. P ≀ T

OICL Specialist Officer Finance Exam 2015 - Question 153

Statements :
A β‰₯ B=C ≀ SΝΎ Q β‰₯ C > R
Conclusions :
I. Q β‰₯ B
II. S > R

OICL Specialist Officer Finance Exam 2015 - Question 154

Statements :
A β‰₯ B=C ≀ SΝΎ Q β‰₯ C > R
Conclusions :
I. R < A
II. Q β‰₯ S

OICL Specialist Officer Finance Exam 2015 - Question 155

Statements :
K < I ≀ H > D β‰₯ R : Z ≀ H
Conclusions :
I. Z ≀ K
II. Z > R

For the following questions answer them individually
OICL Specialist Officer Finance Exam 2015 - Question 156

Starting from point P, Kishore walks 10 metres towards South. He takes a left turn and walks for 30 metres. He then takes a right turn and walks for 20 metres. Again turning to his right, he walks for 30 metres and reaches a point Q. How far and in which direction is this point Q from point P ?

OICL Specialist Officer Finance Exam 2015 - Question 157

In this question is a statement followed by two courses of action numbered I and II. A course of action is a step or administrative decision to be taken for improvement, follow up or further action in regard to the problem, policy etc. On the basis of information given in the statement, you have to assume everything in the statement to be true and then decide which of the suggested course of action logically follows for pursuing.
Statement : Railways of country Buroon is facing losses due to reduction in fare by various airlines in the country.
Course of actions : Railways of country Buroon should improve the quality of rail journey with respect to facilities. Number of schemes offering concessional fares should be restricted for airlines of country Buroon.

OICL Specialist Officer Finance Exam 2015 - Question 158

This question consists of a statement and two inferences numbered I and II given below it. An inference is something which is not directly stated but can be inferred from the given facts. You have to decide which of the given inferences logically follows from the given statement and select the appropriate answer.
Statement : It has been observed in schools that many students engage in bullying those who are either younger to them or vulnerable despite being punished repeatedly. However, research suggests that, bullying behaviour reduces in students who are sent for counselling as compared to those who are only punished for the same.
I. No student who is sent for counselling engages in bullying behaviour.
II. Counselling is more effective in modifying behaviour of students as compared to punishment.

OICL Specialist Officer Finance Exam 2015 - Question 159

It is possible to make only one meaningful word with the sixth, eighth, ninth and tenth letters of the word β€˜DOCUMENTARY’, which would be the third letter of that word from left end? If more than one such words can be formed, give β€˜X’ as the answer. If no such words can be formed, give Z as your answer.

OICL Specialist Officer Finance Exam 2015 - Question 160

How many such pairs of letters are there in the word β€˜PLATFORMS’ each of which as many letters between them in the word (in both forward and backward directions), as they have between them in the English alphabetical series?

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now