SBI PO Mains English Sectional Mock Test 04

1. Read the following passage carefully and answer the questions given after it. Money that once took days to travel between accounts now moves in seconds, at any hour of the day or night. For a vegetable seller, this means the day's takings reach her account before she packs up her stall. For a son working far from home, it means help can reach his parents the same evening. Instant payments have removed the waiting that used to sit between earning and spending. The same speed has opened a new door for fraud. A caller may pose as bank staff and warn of a blocked account, then send a link that asks for a one-time password. A message may promise a refund and lead to a page that copies card details. In many cases the stolen money is siphoned through mule accounts, which are accounts opened or lent by people who allow their accounts to be used to receive and forward money that does not belong to them. Within minutes the amount is split and moved on, so that tracing it becomes a race against the clock. Recovery depends above all on how quickly the loss is reported. A customer who contacts the bank at once gives it a chance to freeze the receiving account before the money moves again. The customer should also report the fraud on the national cybercrime reporting portal and keep a record of every message and call. Two habits offer the strongest protection: never share a one-time password or card PIN with anyone, and remember that a genuine bank never asks for them. Speed is not the enemy here. The task is to keep the convenience of instant payment while making the path of stolen money shorter, slower and easier to stop.

   Q1.According to the passage, what is the main advantage of instant payments for a vegetable seller?

   • A.She pays no charges on any payment
   • B.Her takings reach her account before she packs up her stall
   • C.She can borrow money without interest
   • D.She no longer needs a bank account
   • E.She can sell vegetables at higher prices

2. Q2.How do fraudsters described in the passage try to obtain a one-time password?

   • A.By visiting the customer's home with a bank letter
   • B.By asking the customer to visit the branch with proof of identity
   • C.By offering a higher rate of interest on deposits
   • D.By posing as bank staff and sending a link after warning of a blocked account
   • E.By sending a new debit card by post

3. Q3.According to the passage, what is a mule account?

   • A.An account opened by a bank for its own use
   • B.An account that earns a higher rate of interest
   • C.An account that can be used only in rural areas
   • D.An account opened or lent by a person so that stolen money can be received and forwarded through it
   • E.An account used only for receiving a salary

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