Banking Sample Paper SBI PO (Main) Sample Test Paper-1

Direction: Study the following information carefully and answer the question given below:

Statement: The country's largest lender State Bank of India has cut its home loan rate to 9.4% with effect from April 1 from 9.5%.

Which of the following can be inferred from the given information? (An inference is something that is not directly stated but can be inferred-from the given information.)

A) Home loans will become cheaper.

B) Interest rate on other savings products will come down.

C) More people in the country will have their own homes.

D) Economic growth in the country will increase.

E) None of these

Correct Answer: A

Solution :

If the interest rate on home loan goes down, lesser EMI will have to be paid. Thus home loans will become cheaper.