Question
In the question below, few statements are given
depicting an issue or a problem. You have to assume everything in the statements to be true even if they are at variance from commonly known facts, and on the basis of the information given in the statements, decide which of the suggested courses of action logically follow(s) for pursuing. XYZ Bank has observed that the number of new savings accounts opened in the last quarter has dropped by nearly 40%. An internal report shows that many potential customers find the bank’s account opening process lengthy and cumbersome. It also reveals that competing banks are offering fully digital account opening through mobile apps, while XYZ Bank still requires physical document submission and in-person verification. I. XYZ Bank should introduce a digital account opening facility to simplify the process for customers. II. XYZ Bank should increase the interest rate on savings accounts to attract more customers.Solution
The main problem identified is that XYZ Bank’s account opening process is lengthy and inconvenient, especially compared to competitors offering digital options. Course of action I directly addresses this issue by suggesting a digital facility to simplify the process — this is logical and follows. Course of action II does not address the root cause (the cumbersome process); increasing the interest rate may attract some customers but will not solve the procedural problem.
In a school, 60% of the students are boys, while the remaining 40% are girls. If 70% of the boys and 80% of the girls pass an exam, what percentage of t...
Income of A is twice the income of B. B and A spend 20% and 30% respectively of their incomes. Find the savings of A, if B saves Rs. 18550 in a month.
The only expenses of Arun are on grocery, rent and fun expenses. Arun spent Rs. 5,250 on fun, amount spent by him on rent is Rs. 9,000 more than that on...
The total strength of school A is 20% more than that of school B. In school A and B, out of total number of students, 30% and 40% respectively are girls...
40% of a neighborhood likes gardening and 60% likes DIY projects. If 25% enjoy both and the other 20 neighbors like neither, find the total number of ne...
The population of town at present is 5000. If males are increased by 6% and females are increased by 14%. Then population will become 5540 after I year....
In 2018, the income-to-expenditure ratio of Vishal was 5:3. The following year, his income increased by 10% while his expenditure rose by 15%. Determine...
A invested a certain amount in Debt and Equity mutual funds in the ratio of 3: 7 respectively. At the end of one year, he earned a total dividend of 30%...
In a village election between two candidates, the winner secured 70% of the total votes cast and won by a majority of 13000 votes. How many votes did th...
Two numbers are less than a third number by 25% and 34% respectively. Find the percent by which the second number is less than the first.
