Top 1000+ Verbal Reasoning Online Test - 1

The clocks ticking for the elders as the rules for senior citizens scheme have been changed. The rules for this scheme were changed only a few days ago. Those who are above 55 years of age, but less than 60 years, and have retired on superannuation and otherwise will be eligible. The key condition is that the scheme is not restricted to a voluntary retirement scheme, but all kinds of retirees are eligible for it. A larger number of people, hence, are set to benefit from this scheme provided certain conditions are fulfilled, i.e., the account has to be opened within one month of the receipt of retirement benefits and a certificate from the employer has to be submitted with the application form. For those who have crossed 60 years, the scheme provides a good avenue for investment as it has an interest rate of 9 percent which is marginally higher than the effective rate on the post office monthly saving scheme and other small savings instruments.

Question: 1

Only marginal number of people are going to benefit from this scheme.

(A) if you think the inference is 'definitely true'.

(B) if you think the inference is 'probably true' though not definitely true in the light of the facts given.

(C) if the data given is inadequate i.e., from the fact given you cannot say whether the inference is likely to be true or false.

(D) if the inference is 'definitely false' i.e., it contradicts the given facts.

Ans: D

It is clearly mentioned in the passage that 'a large number of people are set to benefit from this scheme'. This refutes the given fact.

Question: 2

Before the senior citizen scheme was changed, there were hardly any savings schemes which benefited the retirees.

(A) if the inference is 'definitely false' i.e., it contradicts the given facts.

(B) if you think the inference is 'definitely true'.

(C) if you think the inference is 'probably true' though not definitely true in the light of the facts given.

(D) if the data given is inadequate i.e., from the fact given you cannot say whether the inference is likely to be true or false.

Ans: A

The mention of 'post office monthly saving scheme' in the last sentence of the passage indicates that some savings schemes existed before also.

Question: 3

The scheme for senior citizens is for a limited period only.

(A) if you think the inference is 'definitely true'.

(B) if you think the inference is 'probably true' though not definitely true in the light of the facts given.

(C) if the data given is inadequate i.e., from the fact given you cannot say whether the inference is likely to be true or false.

(D) if you think the inference is 'probably false' though not definitely false in the light of the facts given.

Ans: C

Nothing about the duration of the scheme is mentioned in the given passage.

Question: 4

No other scheme gives as much interest as the Senior Citizens Scheme.

(A) if you think the inference is 'definitely true'.

(B) if you think the inference is 'probably true' though not definitely true in the light of the facts given.

(C) if the data given is inadequate i.e., from the fact given you cannot say whether the inference is likely to be true or false.

(D) if you think the inference is 'probably false' though not definitely false in the light of the facts given.

Ans: B

It is mentioned in the passage that the scheme provides 'a good avenue for investment' for retirees as it offers an interest rate which is higher than that on previously existing schemes. This makes the given fact seem quite probable.

Question: 5

All those above 55 years of age are eligible for this scheme.

(A) if you think the inference is 'definitely true'.

(B) if the inference is 'definitely false' i.e., it contradicts the given facts.

(C) if you think the inference is 'probably true' though not definitely true in the light of the facts given.

(D) if the data given is inadequate i.e., from the fact given you cannot say whether the inference is likely to be true or false.

Ans: B

The statement 'Those who are above eligible in the passage specifies certain conditions, which make a person eligible' to avail of the scheme. So, all those above 55 years of age are not eligible for the scheme.

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