IIFCL Assistant Manager | Phase I: Online Examination (Test I, general aptitude)

IIFCL Assistant Manager: 23-question practice mock

A compact, single-clock IIFCL Assistant Manager practice mock: 23 original questions across Reasoning Ability, Quantitative Aptitude, English Language and General Awareness & Current Affairs, each with a worked solution. One fourth of a mark is deducted for a wrong answer.

Before you start

23 questions in 23 minutes on a single clock — a short drill, not a full-length paper.
Each question carries one mark; one fourth of a mark is deducted for a wrong answer, and unanswered questions carry no penalty.
Every question is original, written to the IIFCL Assistant Manager pattern, with a worked solution shown after you submit.

Sections in this test

Section	Questions
Reasoning AbilityReasoning Ability	7
Quantitative AptitudeQuantitative Aptitude	7
English LanguageEnglish Language	7
General Awareness & Current AffairsCurrent Affairs	2

Sample questions with worked solutions

A few questions from this test, with the answer key and the method behind it. The full set of 23 runs under a timer, and every solution is on the analysis screen once you submit.

Reasoning Ability · solved example

Statements: F > B ≤ D < A Conclusions: I. D < A II. A ≥ D Which conclusion(s) definitely follow?

Only I follows
Only II follows
Both I and II followCorrect
Neither I nor II follows
Either I or II follows

Solution

Reading the chain, conclusion I is true and conclusion II is true. Hence: both i and ii follow.

Quantitative Aptitude · solved example

The table shows the number of home loans (in hundreds) disbursed by five branches of a bank in two years. Branch : 2024 : 2025 P : 24 : 30 Q : 18 : 27 R : 36 : 45 S : 20 : 25 T : 32 : 28

What is the ratio of the loans disbursed by branch P in 2025 to those by branch S in 2025?

5 : 4
6 : 5Correct
4 : 3
3 : 2
7 : 5

Solution

P disbursed 30 and S disbursed 25 in 2025. The ratio is 30 : 25, and dividing both by their common factor 5 gives 6 : 5. Always reduce a ratio by the highest common factor to match the answer options.

English Language · solved example

Central banks around the world increasingly rely on a framework known as inflation targeting. Under it, the bank publicly commits to keeping inflation near a stated number and adjusts interest rates to steer prices towards that goal. Supporters argue that a clear target anchors the expectations of businesses and households, so that a temporary shock does not spiral into a lasting rise in prices. Critics counter that a rigid focus on inflation can lead a bank to ignore unemployment and financial stability. In practice, most central banks treat the target as a guide rather than a strict rule, allowing themselves room to respond to a crisis.

Which of the following best expresses the central idea of the passage?

Inflation targeting has completely failed as a policy framework.
Inflation targeting is a widely used framework with clear merits and real criticisms, applied flexibly in practice.Correct
Central banks should abandon interest rates as a policy tool.
Unemployment is the only concern of modern central banks.
Inflation can never be controlled by any central bank.

Solution

The passage explains what inflation targeting is, gives the supporters' case and the critics' case, and notes that banks apply it as a flexible guide. Option B captures all three strands. The other options each overstate one part or contradict the passage.

Current Affairs · solved example

The river known as the 'Sorrow of Bihar' is:

KosiCorrect
Son
Gandak
Ganga

Solution

The Kosi river is called the Sorrow of Bihar because of its frequent, destructive floods.

Reasoning Ability · solved example

7 people — P, Q, R, S, T, U, V — sit in a row facing north. 3 people sit between T and R. Q sits 6th from the right end. P sits 4th from the left end. R sits 5th from the left end. 4 people sit between T and S. P sits immediately to the right of U.

How many people sit between R and V?

9
8
1Correct
6
4

Solution

The order is T, Q, U, P, R, S, V from the left; between R and V there are 1 people.

How this test is marked

Correct answer

Wrong answer

-0.25

Unanswered

Because a blank carries no penalty, guessing only pays when you can eliminate at least two options. The analysis screen after the test shows you exactly where guessing cost you marks.