Schemes and Benefits Eligibility Test


Decision Making - Concepts
Class - SBI Clerical Prelims Subjects
 
 
Concept Explanation
 

Schemes and Benefits Eligibility Test

Decision Making is the process in which an outcome is derived by evaluating and analyzing the given information. The objective of Decision making is to reach a specific conclusion from the given data or a given set of conditions

Introduction : In this type of questions, you are given the necessary qualifications required to be fulfilled by a candidate for a certain vacancy in job/promotion/facility, along with the bio-data of certain candidates who have applied for the same. You are then required to assess the candidate's eligibility or potential and thereby decide upon the course of action to be taken from among the given alternatives.

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

Following are the conditions for granting advance of Rs. 10 lakhs to the farmers for purchasing tractor, by a Gramin Bank. The farmer must -

  • (i) have at least five acres of cultivable land.
  • (ii) be able to produce collateral of at least Rs. 8 lakhs.
  • (iii)  not be more than 50 years old as on 1.12.2005.
  • (iv) not have any outstanding unpaid loan from the bank.
  • (v) be able to produce a recommendation letter from the Panchayat Pradhan.
  • In the case of a farmer who satisfies all other criteria except

  • (A) at (i) ab0ove, but is able to cultivate more than one crop in each piece of land, the case 15 to be referred to Chairman of the bank;
  • (B) at (iv) above, but has Fixed Deposits of at least Rs. 4 lakhs with the bank, the case is to be referred to the General Manager of the bank.
  • In each question below, detailed information of one farmer is given. You have to carefully study the information provided in each case and take one of the following courses of actions based on the information and conditions given above. You are not to assume anything other than the information provided in each question. All these cases are given to you as on 1.12.2005. You have to indicate your decision by marking answers to each question as follows ;
  • Mark answer

  • (a) if the advance is not to be granted;
  • (b) if the case is to be referred to the General Manager of the bank;
  • (c) if the data provided is not adequate to take a decision;
  • (d) if the advance is to be granted;
  • (e) if the case is to be referred to the Chairman of the bank.
  • Question : Pawan Mohanty has obtained a recommendation letter from the Panchayat Pradhan. He has seven acres of cultivable land and can produce collateral of Rs. 8 lakhs. He was born on 4th July, 1955. He doesn't have any outstanding loan from the bank.

    We shall mark the conditions fulfilled by "Right" those not fulfilled by "Wrong" and those about which information is not available by '?'.

    Solution :  (a)

     

    Sample Questions
    (More Questions for each concept available in Login)
    Question : 1

    Read the following information carefully and answer the question given below it:

    A company has following Gratuity (G) and provident Fund (PF) rules :

    (1) An employee must have completed one year's service to be eligible for either G or PF.

    (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF.

    (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF.

    (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF.

    However,

    (5) in case an employee dies after 2 years' service, his family gets both G and PF.

    (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied.

    (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration.

    Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF.

    Mrs. Sharma served the company for four years and resigned.

    Right Option : C
    View Explanation
    Explanation
    Question : 2

    Read the following information carefully and answer the question given below it:

    A company has following Gratuity (G) and provident Fund (PF) rules :

    (1) An employee must have completed one year's service to be eligible for either G or PF.

    (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF.

    (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF.

    (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF.

    However,

    (5) in case an employee dies after 2 years' service, his family gets both G and PF.

    (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied.

    (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration.

    Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF.

    Mr. Gaur served in the company for five years and resigned from the company.

    Right Option : C
    View Explanation
    Explanation
    Question : 3

    Read the following information carefully and answer the question given below it:

    A company has following Gratuity (G) and provident Fund (PF) rules :

    (1) An employee must have completed one year's service to be eligible for either G or PF.

    (2) An employee resigning or retiring or retrenched after ten years' service gets both G and PF.

    (3) An employee retrenched or retiring after 5 years but before 10 years' service gets both G and PF, but that resigning during this period gets either G or PF.

    (4) An employee retrenched or retiring before 5 years' service gets PF but not G; but that resigning during this period gets neither G nor PF.

    However,

    (5) in case an employee dies after 2 years' service, his family gets both G and PF.

    (6) in case an employee was on leave without pay, such period is deducted from his total years of service and then the above rules are applied.

    (7) in the case of a lady employee, if she has completed 2 years' service, two years are added to her actual service before applying the above rules, as a special consideration.

    Apply the above rules to the cases described in each of the following questions and decide weather the employee is eligible for G and /or PF.

    Mr. Basu served in the company for seven years and resigned after a prolonged illness of 3 years for which he was on leave without pay.

    Right Option : D
    View Explanation
    Explanation
     
     
     


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