IBPS Clerk Prelims Full Mock Test 07

1. Read the following passage carefully and answer the questions given after it. When Meena opened her small tailoring shop in a market in Nagpur, she kept all her accounts in a notebook. Customers paid in cash, suppliers were paid in cash, and at the end of each month she counted what was left in a tin box. The system worked until the day she wanted a loan to buy two new sewing machines. The bank asked for records of her sales, and her notebook, full of crossed-out figures, was not enough. A friend suggested that she start accepting payments through a QR code. At first Meena was reluctant. She worried that the money would not reach her account, and she disliked the idea of strangers knowing her earnings. But as more customers asked to pay by phone, she gave in. Within a year, almost two-thirds of her sales were digital. The change brought a benefit she had not expected. Her bank statement now showed a steady record of daily sales, and when she applied for a loan again, the branch manager approved it within a week. The digital trail had done what her notebook could not: it proved that her business was real and growing. Meena still keeps some cash for small purchases, and she checks every payment message carefully because she has heard of fraudsters who send fake payment screenshots. Yet she now advises other shopkeepers in the market to go digital, not because it is fashionable, but because it makes them visible to banks.

   Q1.Why was Meena's first loan application unsuccessful?

   • A.She had too many loans already
   • B.The bank did not lend to tailors
   • C.Her shop was too far from the bank
   • D.She could not show proper records of her sales
   • E.She asked for too large an amount

2. Q2.What did Meena want to buy with the loan?

   • A.A bigger shop
   • B.A tin box for cash
   • C.Two new sewing machines
   • D.A mobile phone
   • E.Cloth for the festival season

3. Q3.Why was Meena reluctant to accept QR code payments at first?

   • A.Her customers had no phones
   • B.The market did not allow it
   • C.She feared the money might not reach her and disliked others knowing her earnings
   • D.She did not know how to read
   • E.The bank charged a high fee

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