IBPS Clerk Prelims 2026 Mock Test (New Pattern) 05

1. Read the following passage carefully and answer the questions given after it. For many small shopkeepers, the biggest problem is not finding customers but waiting for their money. A trader who supplies goods to a large company may have to wait sixty or ninety days before the bill is paid. During this time he still has to pay his workers, his rent and his own suppliers. Invoice discounting platforms try to solve this problem. The trader uploads an approved bill, and banks or other financiers bid to pay most of the amount at once. When the large company finally pays, the financier receives the full sum. The trader gives up a small part of the bill but gets cash when he needs it most. These platforms are useful only when the large buyer confirms the bill quickly. Officials say that buyers who delay approval defeat the whole purpose, and they want stricter rules to make big companies respond on time.

   Q1.According to the passage, what is the biggest problem for many small shopkeepers?

   • A.Learning new skills
   • B.Hiring workers
   • C.Finding customers
   • D.Getting a shop
   • E.Waiting for their money

2. Q2.How long may a trader supplying a large company have to wait for payment?

   • A.Sixty or ninety days
   • B.Two years
   • C.One week
   • D.Six hours
   • E.One or two days

3. Q3.What does the trader upload on an invoice discounting platform?

   • A.His shop licence
   • B.An approved bill
   • C.A tax refund
   • D.A loan application
   • E.His bank passbook

Start the test to answer these. Correct answers and explanations are shown after you submit.