Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. MICR code is used for- 

(a) Electronic Clearance of Cheques

(b) Electronic Funds Transfer 

(c) Code Banking Solution 

(d) Cheque Truncation Services 

(e) None of the above 

Q2. Islamic Development Bank (IDB) in May 2016 announced to open its first branch in India at- 

(a) Ahmedabad, Gujarat

(b) Lucknow, Uttar Pradesh 

(c) Ajmer, Rajasthan 

(d) Chennai, Tamil Nadu 

(e) Kolkata, West Bengal 

Q3. With reference to the insurance and banking sector, which of the following is the most appropriate explanation of "PIN"? 

(a) Postal Index Number 

(b) Personal Index Number 

(c) Personal Identification Number

(d) Personal Information Number 

(e) Permanent Identification Number

Q4. The rate at which the central bank of a country lends money to commercial banks in the event of any shortfall of funds is called-

(a) Call Rate 

(b) CRR 

(c) Bank Rate 

(d) Repo Rate

(e) SLR

Q5. In a bid to curtail domestic black money flow, the finance ministry has announced that it will be mandatory to furnish permanent account number (PAN) for all transactions above Rs.________ through all payment modes with effect from January 1, 2016. 

(a) Rs. 1 lakh 

(b) Rs. 2 lakh

(c) Rs. 3 lakh 

(d) Rs. 4 lakh 

(e) Rs. 5 lakh 

Q6. Many a time we read in the newspapers that RBI has changed or revised a particular ratio/rate by a few basis points. What is basis point? 

(a) Ten percent of one-hundredth point 

(b) One hundredth of 1%

(c) One hundredth of 10% 

(d) Ten per cent of 1000

(e) None of the above

Q7. Which of the following is NOT a type of cheque issued by an individual? 

(a) Bearer cheque 

(b) Order cheque 

(c) Crossed cheque 

(d) Savings cheque

(e) None of the above

Q8. What is Financial Inclusion? 

(a) To provide a permanent employment to the unemployment 

(b) To provide a 100 days job to all those who are in need of a job 

(c) Delivery of financial services at affordable costs to vast sections of disadvantaged and low-income groups

(d) To ensure that all financial transaction amounting Rs. 5,000/- and above are done through banks. 

(e) None of the above

Q9. Which of the following places in India does not have a stock Exchange? 

(a) Kolkata 

(b) Ahmedabad 

(c) Mumbai 

(d) Udaipur

(e) None of the above

Q10. Which of the following is the name of private sector Bank in India? 

(a) IDBI Bank 

(b) Axis Bank

(c) Corporation Bank 

(d) UCO Bank

(e) Dena Bank

Q11. Which of the following types of companies/organisation issue "ULIP"?

(a) Insurance Companies 

(b) Banks 

(c) NABARD 

(d) RBI

(e) None of the above

Q12. In order to avoid crowding of customers wanting to withdraw cash in the branches, banks have provided many delivery channels. Which of the following is one of the most popular Channels of getting instant hard cash? 

(a) Core Banking Solution 

(b) Pay orders 

(c) Demand Drafts 

(d) Automated Teller Machines

(e) None of the above

Q13. Who amongst the following has suggested to the banks in India to give details of fund transfer to customers via SMS/ E-mails? 

(a) Reserve Bank of India (RBI)

(b) India Bank's Association 

(c) Indian Institute of Banking & Finance 

(d) Securities & Exchange Board of India

(e) None of the above

Q14. Which of the following products launched by most of the banks help farmers in getting instant credit for various agricultural purpose? 

(a) Kisan Credit Card

(b) Personal Loan 

(c) Business Loan 

(d) All of the above 

(e) None of the above

Q15. Which of the following policies of the financial sectors is basically designed to transfer local financial assets into foreign financial asset freely at market determined exchange rates? 

(a) Capital Accounts Convertibility

(b) Financial Deficit Management 

(c) Minimum Support Price 

(d) Special Drawing Rights 

(e) None of the above

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Para Jumbles Quiz for IBPS PO / SBI PO 2017

Directions (1-5): Rearrange the following sentences in a proper sequence to form a meaningful paragraph, and then answer the given questions. 

(A) At the same time, allowing restaurant drivers to take leftovers home in a ‘doggy bag’ is a common phenomenon in the US, but the practice is frowned upon in some EU countries. 

(B) An approach to train waste-minimising habits is through cooking classes, for example, the local authority of Brussels trained 1900 people in 2009 on how to minimise waste. 

(C) Caterers can minimise waste by anticipating demand, informed by reservations and customer feedback surveys.

(D) There are similar education opportunities in the hospitality industry as well.

(E) Societal efforts are needed to banish this embarrassment.

(F) The European Parliament has recommended that this practical training be incorporated in school curricula. 

Q1. Which of the following should be the THIRD sentence after the rearrangement? 

(a) A

(b) B

(c) F

(d) D

(E) E 

Q2. Which of the following should be the FOURTH sentence after the rearrangement? 

(a) A

(b) B

(c) C

(d) E

(e) D

Q3. Which of the following should be the LAST (SIXTH) sentence after the rearrangement? 

(a) A

(b) E

(c) D

(d) C

(e) B

Q4. Which of the following should be the FIRST sentence after the rearrangement? 

(a) A

(b) B

(c) C

(d) D

(e) E

Q5. Which of the following should be the FIFTH sentence after the rearrangement?   

(a) A

(b) B

(c) C

(d) D

(e) F 

Directions (6-10): Rearrange the following sentences in a proper sequence to form a meaningful paragraph, and then answer the given questions.  

(A) “Anything that you touch will turn into gold” - The king was delighted with his good future.

(B) Even though he was very rich he always craved for more and more.

(C) Everything he touched turned into gold. He turned trees, grass, tables, chairs, flowers, and vases into gold. 

(D) One day, he called his court magician and commanded, “Find me a spell that can get me more treasures than I already have”. 

(E) King Midas was a very greedy king.

(F) The magician said. “Your majesty, I can give you a power that no one else in this world has”. 

Q6. Which of the following should the FIRST sentence after rearrangement? 

(a) F

(b) A

(c) E

(d) B 

(e) C 

Q7. Which of the following should the SECOND sentence after rearrangement?   

(a) A

(b) B

(c) C

(d) E

(e) D 

Q8. Which of the following should the THIRD sentence after rearrangement?  

(a) E

(b) F

(c) D

(d) C

(e) B 

Q9. Which of the following should the FOURTH sentence after rearrangement?   

(a) B

(b) G

(c) F

(d) E

(e) C 

Q10. Which of the following should the LAST (SIXTH) sentence after rearrangement? 

(a) C

(b) A

(c) B

(d) D

(e) F 

Directions (11-15): Rearrange the following sentences in a proper sequence to form a meaningful paragraph; then answer the questions given below them.

A. He did whatever work was assigned to him and soon the lion became so fond of him that he promised to give him a cart full of almonds as pension when he (the squirrel) retired.

B. Once a squirrel joined the service of the king of the forest, the lion.

C. The squirrel had waited so long for this day but when he saw the almonds, he was seized with sadness as he realised that they were of no use to him now when he had lost all his teeth.

D. However, he envied other squirrels in the forest because of their carefree life which he could not enjoy as he had to be by the king’s side all the time.

E. He consoled himself with the thought that at the end of this career, he would receive a cart full of almonds, a food that only a few squirrels got to taste in their lifetime.

F. Finally, the day came when it was time for him to retire and so promised the king gave a grand banquet in his honour and presented him with a cart full of almonds.   

Q11. Which of the following should be SECOND sentence after the rearrangement? 

(a) A

(b) B

(c) F

(d) D

(e) E

 

Q12. Which of the following should be FIRST sentence after the rearrangement? 

(a) A

(b) C

(c) B

(d) D

(e) E

Q13. Which of the following should be FIFTH sentence after the rearrangement? 

(a) E

(b) D

(c) B

(d) F

(e) A 

Q14. Which of the following should be FOURTH sentence after the rearrangement?   

(a) A

(b) B

(c) C

(d) F

(e) E

Q15. Which of the following should the THIRD sentence after rearrangement?  

(a) E

(b) F

(c) D

(d) C

(e) B 

Solutions

Sol(1-5): The correct order of re-arrangement of sentences is: BFDCAE

S1. Ans.(d)

S2. Ans.(c)

S3. Ans.(b)

S4. Ans.(b)

S5. Ans.(a)

Sol(6-10): The correct order of re-arrangement of sentences is: EBDFAC

S6. Ans.(c)

S7. Ans.(b)

S8. Ans.(c)

S9. Ans.(c)

S10. Ans.(a)

Sol(11-15): The correct order of re-arrangement of sentences is: BADEFC

S11. Ans.(a)

S12. Ans.(c)

S13. Ans.(d)

S14. Ans.(e)

S15. Ans.(c)

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Sentence Completion For IBPS PO / SBI PO 2017

Directions (1-5): In each of the following sentences there are two blank spaces. Below each sentence there are five pairs of words denoted by numbers (a), (b), (c), (d) and (e). Find out which pair of words can be filled up in the blanks in the sentence in the same sequence to make the sentence grammatically correct and meaningfully complete.

Q1. There is no __________ the fact that a man of knowledge _________ great power.

(a) justifying, acknowledges

(b) clarifying, exhibits

(c) advocating, projects

(d) denying, wields

(e) proclaiming, develops

Q2. The _________ of opinion which emerged at a recently concluded seminar was that the problem of dowry cannot be ___________ unless the law against it is made more stringent.

(a) divergence, managed

(b) sympathy, projected

(c) consensus, tackled

(d) similarity, curbed

(e) convergence, appreciated

Q3. Leisure must be spent carefully and __________ only, otherwise the devil will take the ________ of you.

(a) positively, care

(b) constructively, better

(c) pro-actively, though

(d) objectively, energy

(e) purposefully, measure

Q4. Nothing is impossible in the world of politics. States which were _________ foes and had their deadly missiles pointed at each other find themselves ________ in military alliances.

(a) implacable, partners

(b) intense, joining

(c) deadly, approaching

(d) known, soliciting

(e) enviable, grouping

Q5. ________ of whether leaders are born or made, it is _________ clear that leaders are not like other people.

(a) Pursuant, manifestly

(b) Sequel, amply

(c) Regardless, unequivocally

(d) Instead, purely

(e) In spite, normally

Directions (6-15): In the following passage, there are blanks each of which has been numbered and after each blank a word is given. For each numbered blank four other words have been suggested, one of which fits the blank appropriately. Find out the appropriate word in each case and if the already given word is correct, choose option ‘(e) The given word is appropriate’.

Our company has set up a foundation which is …(6)…(involved) to spreading literacy. To …(7)…(contribute) to this cause the foundation has a project called ‘A Library for Every School’ through …(8)…(these) the foundation donates books mainly to government school libraries so that children have easy …(9)…(access) to books on a variety of subjects. In my …(10)…(knowledge) as a Chairperson of the Foundation I travel …(11)…(extensively) in rural areas. All this travelling has …(12)…(made) me to understand what children want to read in different parts of the country. …(13)…(Besides) my travels I frequently stay in the houses of people I meet as …(14)…(often) there are no hotels in small towns and villages that I visit. In India a guest is always treated well; an old Sanskrit saying is Atithi Devo Bhava …(15)…(fearing) that God comes in the form of a guest.

Q6.

(a) dedicated

(b) responsible

(c) trying

(d) catered

(e) The given word is appropriate

Q7.

(a) awaken

(b) further

(c) aim

(d) perform

(e) The given word is appropriate

Q8. 

(a) those

(b) which

(c) whom 

(d) where

(e) The given word is appropriate

Q9. 

(a) opportunity

(b) admission

(c) purchase

(d) contact

(e) The given word is appropriate

Q10.

(a) feeling

(b) decision

(c) role

(d) order

(e) The given word is appropriate

Q11.

(a) sometime

(b) somehow

(c) extremely

(d) hastily

(e) The given word is appropriate

Q12.

(a) ensured

(b) provided

(c) enabled

(d) deprived

(e) The given word is appropriate

Q13.

(a) During

(b) Since

(c) From

(d) Through

(e) The given word is appropriate

Q14.

(a) while

(b) usual

(c) neither

(d) either

(e) The given word is appropriate

Q15.

(a) threatens

(b) meaning

(c) naturally

(d) imply

(e) The given word is appropriate

Solutions

S1. Ans.(d)

Sol. Denying means to refuse and wields means to have and be able to use.

S2. Ans.(c)

Sol. Consensus means a general agreement and tackled means to make determined efforts to deal with (a problem or difficult task).

S3. Ans.(b)

Sol. Constructively refers to having or intended to have a useful or beneficial purpose.

‘Get the better of’ refers to gain an advantage over, or defeat.

S4. Ans.(a)

Sol. Implacable means unable to be appeased or placated. Partner refers co-worker, associate.

S5. Ans.(c)

Sol. Regardless refers to without consideration for. Unequivocally means very strong and clear; not showing or allowing any doubt.

S6. Ans.(a)

Sol. dedicated is the correct answer here.

S7. Ans.(e)

Sol. here contribute means help to cause or bring about.

S8. Ans.(b)

Sol. which is appropriate answer for this blank.

S9. Ans.(e)

Sol. access means the means or opportunity to approach, obtain or retrieve

S10. Ans.(c)

Sol. role is the correct answer.

S11. Ans.(e)

Sol. extensively means having wide or considerable extent.

S12. Ans.(c)

Sol. enabled refers to the authority or means to do something; make it possible for.

S13. Ans.(a)

Sol. during is the appropriate answer it means throughout the course or duration of (a period of time).

S14. Ans.(e)

Sol. often means frequently; many times.

S15. Ans.(b)

Sol. meaning is the right answer.

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Para Jumbles Quiz for IBPS PO / SBI PO 2017

Directions(1-5): Rearrange the following sentences in a proper sequence to form a meaningful paragraph, then answer the given questions. 

(A) Then, fulfill that dream, with the help we offer.
(B) Are you willing to set goals that will move you towards making that dream a reality?
(C) But, for those who are willing to dream big.
(D) This book seeks to challenge people who are willing to dream.
(E) I want to ask you two questions.
(F) I offer this, not for those who have already achieved or those who think of themselves as hopeless.
(G) Are you willing to dream of doing great things?

Q1. Which of the following will be the LAST sentence? 
(a) D
(b) C
(c) B
(d) A
(e) G

Q2. Which of the following will be the FOURTH sentence? 
(a) D
(b) A
(c) C
(d) G
(e) B

Q3. Which of the following will be the SIXTH sentence? 
(a) C
(b) D
(c) E
(d) F
(e) G

Q4. Which of the following will be the FIRST sentence?
(a) B
(b) G
(c) E
(d) D
(e) C

Q5. Which of the following will be the THIRD sentence?
(a) C
(b) E
(c) G
(d) D
(e) B


Directions(6-10): Rearrange the following sentences in a proper sequence to form a meaningful paragraph, then answer the given questions. 

(A) They collected plants, counted birds and photographed the terrain and the fauna and made their recommendations.
(B) In spring of 1963, an alarmed King Hussain invited a group of British scholars, scientists and naturalists.
(C) He also wanted them to cover the deserts to the east of the mountains.
(D) He wanted them to conduct an extensive survey of the mountains on the eastern side of the Dead Sea.
(E) The problem of conservation of forests, and forest birds and nature, in general, was thus set rolling.
(F) Accordingly, an expedition of internationally, renowned experts in conservation, botany, ornithology etc. went to Jordan.

Q6. Which of the following should be the FIFTH in the paragraph?
(a) A
(b) B
(c) C
(d) D
(e) E

Q7. Which of the following should be the FIRST in the paragraph?
(a) A
(b) B
(c) C
(d) D
(e) E

Q8. Which of the following should be the LAST in the paragraph? 
(a) A
(b) B
(c) C
(d) D
(e) E

Q9. Which of the following should be the SECOND in the paragraph? 
(a) F
(b) E
(c) D
(d) C
(e) B

Q10. Which of the following should be the FOURTH in the paragraph? 
(a) F
(b) E
(c) D
(d) C
(e) B


Directions(11-15): Rearrange the following sentences in a proper sequence to form a meaningful paragraph, then answer the given questions. 

(A) People thoroughly dedicated to social service but not fulfilling eligibility requirements would not be able to contest elections.
(B) Those who fulfil the stipulated criteria of age and formal education may not necessarily be devoted to social service.
(C) This system has both advantages and disadvantages.
(D) Therefore, imposing such eligibility requirements is likely to be counterproductive.
(E) In certain democratic countries, elections cannot be contested by anybody.
(F) People would be deprived of the probable benefit accrued from the services of such people.
(G) There are eligibility requirements of formal education and upper age limit stipulated in their Constitution.

Q11. Which sentence should be the FOURTH in the paragraph?  
(a) A
(b) B
(c) C
(d) D
(e) E

Q12. Which sentence should be the LAST in the paragraph? 
(a) A
(b) B
(c) C
(d) D
(e) E

Q13. Which sentence should be the FIRST in the paragraph? 
(a) G
(b) F
(c) E
(d) D
(e) C

Q14. Which sentence should be the SECOND in the paragraph?   
(a) G
(b) F
(c) E
(d) D
(e) C

Q15. Which sentence should be the THIRD in the paragraph?  
(a) A
(b) B
(c) C
(d) D
(e) E

Solutions

Sol.1-5: The correct order of rearrangement of sentences is: EGBAFCD

S1. Ans.(a)

S2. Ans.(b)

S3. Ans.(a)

S4. Ans.(c)

S5. Ans.(e)

Sol.6-10: The correct order of rearrangement of sentences is: BDCFAE

S6. Ans.(a)

S7. Ans.(b)

S8. Ans.(e)

S9. Ans.(c)

S10. Ans.(a)

Sol. 11-15: The correct order of rearrangement of sentences is: EGCAFBD

S11. Ans.(a)

S12. Ans.(d)

S13. Ans.(c)

S14. Ans.(a)

S15. Ans.(c)

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Data Interpretation Quiz for IBPS PO / SBI PO 2017

Directions (Q.1-5): The following pie chart represents a total expenditure of Rs. 420000 on different items in constructing a flat in a town. Study the pie chart and answer the questions.

1.The expenditure (in Rs.) on bricks is

(1) 75000

(2) 67500

(3) 150000

(4) 70000
(5) None of these

2.The expenditure on bricks is less than the expenditure on timber (in Rs.) by

(1) 10000

(2) 12500

(3) 35000

(4) 65000
(5) None of these

3.The percentage of the total expenditure spent on steel and cement is

(1) 33.23%

(2) 25%

(3) 33 1/3%

(4) 30%
(5) None of these

4.Which is the item of maximum expenditure?

(1) Cement

(2) Steel

(3) Timber

(4) Labour and Timber both
(5) None of these

5.The expenditure (in Rs.) on cement is

(1) 75000

(2) 90000

(3) 135000

(4) 87500
(5) None of these

Directions for 6 to 10: The  percentage of revenue that come from the four different product segments for a diversified manufacturing company are shown in the following pie-chart Figures pertaining to the year 2008 and 2010 are given on the right hand side. The total sales in the year 2008 were Rs. 120 crores. It was Rs. 195 crores in 2010.

6. Which product segment has registered the maximum percentage growth in revenue during the two year period?

(1) Textile

(2) Cement

(3) Soda

(4) Others
(5) Cannot be determined

7. Which of the following statements is correct about the company?

(1) The company is putting less focus on the ‘other’ segment.

(2) Cement segment has registered more percentage growth than the textile segment.

(3) The soda segment has registered a 7% growth per annum during the above two year period.

(4) Both (2) and (3)
(5) None of these

8. What is the annualized percentage growth in revenue for the ‘Others’ segment?

(1) –9.86%

(2) –9.37%

(3) 12.34%

(4) –18.75%
(5) None of these

9. If the textile segment continues the current trend in growth rate, then how much sales will  company generate from textile segment in the year 2012? Choose the answer that is closest to the correct answer.

(1) Rs. 139 Crores

(2) Rs. 126 Crores

(3) Rs. 146 Crores

(4) Rs. 109 Crores
(5) None of these

10. What is the annualized percentage growth of revenue that the cement segment has registered for the company?

(1) 134%

(2) 34%

(3) 52.9%

(4) 67%
(5) None of these

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Banking Awareness Quiz for IBPS PO / SBI PO 2017

Q1. In order to attract more foreign exchange the Govt of India decided to allow foreign investment in LLP firms. What is full form of “LLP” as used in this reference?

(a) Local Labour Promotion

(b) Low Labour Projects

(c) Limited Loan Partnership

(d) Longer Liability Partnership

(e) Limited Liability Partnership

Q2. The process by which a life insurance policyholder can transfer all rights, title and interest- under a policy contract to a third person is known as?

(a) Assignment of the policy

(b) Hypothecation of the policy

(c) Reinvestment of the policy

(d) Negotiation of the policy

(e) Nomination of the policy

Q3. Which of the following is the popular name of the norms by which a bank satisfies itself about the customer’s identity and activities?

(a) Basel norms

(b) KYC norms

(c) Service norms

(d) Lending norms

(e) None of the above

Q4. Today, Banks in addition to normal banking services, offer which of the following services? 

(a) Internet Banking

(b) Depository Services

(c) Financial Counseling Services

(d) Only (a) and (b) above

(e) All of the above 

Q5. KYC guidelines followed by the banks have been framed on the recommendations of the?

(a) Ministry of Home Affairs

(b) Ministry of Rural Development

(c) Indian Banks Association

(d) Financial Intelligence Unit

(e) Reserve Bank of India

Q6. As per RBI guidelines, when a counterfeit note is detected at the branch, it should be:

(a) Branded with a stamp “COUNTERFEIT BANKNOTE”

(b) Recorded in a separate register under authentication

(c) Acknowledged in the prescribed format of RBI and issued to the tendered

(d) All of the above

(e) None of the above

Q7. Asset Reconstruction Company is associated with..........?

(a) DICGC

(b) ECGC

(c) NPA

(d) SEBI

(e) None of the above

Q8. Association of National Exchange Members of India (ANMI) is a body consisting of?

(a) Bankers and SEBI

(b) SEBI and IBA

(c) Brokers Operating in the National Exchange

(d) Bankers, SEBI, IBA and RBI

(e) None of the above

Q9. At what stage of opening of bank account is the checking of Politically Exposed Persons (PEP) carried out:

(a) at the first point of customer interaction

(b) at the Account Services Level

(c) at the Central Account Services Level

(d) one month after the account is opened

(e) None of the above

Q10. Authorized Dealers for foreign exchange transactions are appointed by:

(a) Reserve Bank of India

(b) Government of India

(c) Individual Banks

(d) FEDAI

(e) None of the above

Q11. As per the reports, the collection of direct taxes has gone up by about 19% in last few months. Which of the following agencies releases the figures about tax collection?

(a) Central Statistical organisation

(b) Reserve Bank of India 

(c) Department of Income Tax 

(d) Central Board of Direct Taxes

(e) None of the above

Q12. MUDRA Bank will regulate and refinance all Micro-Finance Institutions (MFIs) in India.  What is the full form of 'MUDRA'? 

(a) Micro and Universal Development Refinance Agency 

(b) Micro Units Development and Refinance Agency

(c) Micro-finance Units Development and Regulation Agency 

(d) Micro Units Development and Regulation Agency

(e) None of the above

Q13. What amount of corpus is allocated to set up MUDRA Bank? 

(a) Rs. 20,000 crore

(b) Rs. 25,000 crore

(c) Rs. 3,000 crore

(d) Rs. 3,500 crore

(e) None of the above

Q14. What percentage of Priority Sector Lending (PSL) is being created for Micro Enterprises by March 2017? 

(a) 10 % 

(b) 7.5 %

(c) 8.5 % 

(d) 9.5 % 

(e) None of the above

Q15. MUDRA Bank as a wholly owned subsidiary of which institutions? 

(a) Non-Banking Financial Companies (NBFCs) 

(b) Commercial Banks 

(c) Micro Finance Institutions (MFIs) 

(d) Small Industries Development Bank of India (SIDBI)

(e) None of the above

Solutions

S1. Ans.(e)

S2. Ans.(a)

S3. Ans.(b)

S4. Ans.(e)

S5. Ans.(e)

S6. Ans.(d)

S7. Ans.(c)

S8. Ans.(c)

S9. Ans.(a)

S10. Ans.(a)

S11. Ans.(d)

S12. Ans.(b)

S13. Ans.(a)

S14. Ans.(b)

S15. Ans.(d)

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