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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which office of the Bank is known as the SWEAT shop? a) Front Office b) Middle Office c) Back Office d) Central office |
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Answer» Correct option: c) Back Office |
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| 2. |
CRISIL is a? |
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Answer» CRISIL is a Credit rating agency. |
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| 3. |
The Branch Manager of bank is responsible to perform functions except a) Conduct periodical meetings of all staff members b) To ensure that the ambience in the branch premises is very pleasant c) Loan proposals beyond his sanctioning powers d) He may arrange for ‘mass contact’ programs |
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Answer» Correct option: c) Loan proposals beyond his sanctioning powers |
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| 4. |
State the purpose of Fiscal Policy. |
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Answer» Fiscal policy is related to direct taxes and government spending. When direct taxes increased and government spending increased than the disposable Income of the people reduces and hence the demand reduces. |
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| 5. |
WPI stands for:a) Wholesale Price in India b) Wholesale Price Institution c) Wholesale Price Index d) None of these |
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Answer» WPI stands for Wholesale Price Index. |
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| 6. |
When your officer plans an official tour, what points will you keep in mind to make his/her tour successful? |
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Answer» The success of our executives tour depends upon how well we plan the tour: a) When the executive gives you the full particulars of her/his tour, we should prepare an itinerary keeping in mind the date/time/place of departure/arrival of the executive, the mode of travel preferred, sequence of visits, hotel accommodation, appointments and engagements, etc. b) Do special preparations required in case of overseas tour. c) Before departure on tour, we should hand over all the related papers and other things. They may include transportation tickets and reservation slips, hotel reservation confirmation, Laptop, a copy of itinerary, financial resources viz. Cash, credit cards, traveller's cheques etc., all letters, memoranda, reports and programmes required during the tour, etc. |
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| 7. |
The job of a travel agent is ________. |
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Answer» The job of a travel agent is To help travellers by sorting through vast amount of information to help their clients make the best possible travel arrangements, |
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| 8. |
The Branch Manager (BM) is not directly involved in matters of the front office customer service As he is not interested in this concern a) Unless there is some issue which is beyond the level of the front line staff. b) As he is not concerned in this matter c) Unless he is directed by higher authorities |
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Answer» Correct option: b) Unless there is some issue which is beyond the level of the front line staff. |
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| 9. |
PLR stands for:a) Poverty Line Remark b) Price Lending Rate c) Prime Lending Rate d) None of these |
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Answer» PLR stands for Prime Lending Rate. |
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| 10. |
What is Tourism Product and classify the briefly? |
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Answer» Tourism products are essential pull factors for the tourist destination. The diversity in tourism products attract large number of tourists to the destination. The compilation of tourism products inventory is fundamental step in promoting them to the right tourist. Classification of tourism products Natural Tourism Products are associated with natural environment .these includes natural resources such as area’s climate ,its setting ,landscape and natural environment .The natural resources are frequently the most important elements in a destination’s attraction. Major natural resources are : a. Countryside b. Climate c. Natural beauty, landforms ,hills, rocks ,gorges, terrain d. Water beaches ,lakes, ponds ,rivers, waterfalls, springs e. Flora and fauna f. Wildlife g. Island h. Scenic attraction Man-made tourism products are created by man for pleasure, leisure or business. It can be culture, traditions, entertainment also. It can be categorised as: a. Monuments b. Museums c. Fairs and Festivals d. Music e. Dance f. Handicrafts Symbiotic tourism products are an excellent blend of natural and manmade resources. Nature has provided the natural resource and man has converted them into a tourism product by managing them. National Parks, Wildlife Sanctuaries, Marine Parks are good examples of Symbiotic Tourism Products. Event based Tourism Product is an attraction, Event is a thing that happens or takes place, especially one of importance. It is a planned public or social occasion. Events attracts tourists as spectators or as participants in the events, sometimes it can be both. Sporting events like Olympics, Football World Cup, Formula One Race; cultural events like Carnival in Rio de Janeiro, Mardi Gras in New Orleans are event based tourism products. Kite flying in Ahmadabad attracts tourists both as participants and spectators. Site based Tourism Products When an attraction is place or site then it is a site based tourism product. Examples of site based tourism products Taj Mahal, Sunset at Kanyakumari, Sunrise in Himalayas, snow capped peaks etc. |
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| 11. |
Write the full form of: (a) RTGS (b) NEFT |
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Answer» (a) Real Time Gross Settlement (b) National Electronic Funds Transfer |
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| 12. |
Excess of Supply over Demand denotes:a) Buyers Market b) Sellers Market c) Both of Above d) None of these |
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Answer» Excess of Supply over Demand denotes Buyers Market. |
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| 13. |
Bank Operations is segregated into ___ areas. a) Two b) Three c) Four d) Five |
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Answer» Bank Operations is segregated into Three areas. |
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| 14. |
RTGS as well as NEFT usesa) UTR Number b) MICR c) IFSC d) DNS |
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Answer» Correct option: (c) IFSC |
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| 15. |
In case a transaction fails at an ATM and the account is also debited, the customer should lodge a complaint with the card issuing bank at the earliest. As per the RBI instructions banks have been mandated to resolve customer complaints by re-crediting the customer’s account within ______from the date of complaint.a) 7 working days b) 15 working days c) 21 working days d) 1 Month |
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Answer» Correct option: (a) 7 working days |
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| 16. |
What is internet banking? |
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Answer» Internet Banking allows you to conduct bank transactions online. |
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| 17. |
A tariff is: a) A bill b) Outline of room status c) Breakdown of sales figures d) A list of charges of the hotel |
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Answer» d) A list of charges of the hotel A tariff is A list of charges of the hotel. |
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| 18. |
What is meant by green skill jobs? |
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Answer» Decent jobs that contribute to preserve or restore the environment. |
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| 19. |
......... office faces the client. |
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Answer» Front office faces the client. |
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| 20. |
Which is the fastest mode of payment? a) Credit card b) RTGS c) NEFT d) Cheque |
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Answer» b) RTGS RTGS is the fastest mode of payment. |
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| 21. |
Letter of Credit (LC) is irrevocable ________ provided by the Bank, it safe guards the interest of both importer and exporter during international trade. |
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Answer» Commitment Letter of Credit (LC) is irrevocable Commitment provided by the Bank, it safe guards the interest of both importer and exporter during international trade. |
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| 22. |
Define entrepreneurship. |
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Answer» A purposeful activity to initiate, maintain and organize/aggrandise profitoriented business. |
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| 23. |
What is the full form of CORE. |
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Answer» Centralised On-line Real Time Environment. |
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| 24. |
What do you understand by the term attitude? |
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Answer» Way of thinking or feeling about something. |
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| 25. |
The excess of total expenditures over total receipts is known as:a) Fiscal Deficit b) Revenue Deficit c) Budget Deficit d) None of These |
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Answer» The excess of total expenditures over total receipts is known as Budget Deficit. |
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| 26. |
Upward movement in prices per annum, this terms is known as ............. |
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Answer» Upward movement in prices per annum, this terms is known as Inflation front. |
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| 27. |
D is an MBA student specializing in Banking and Finance and has no prior working experience in any field. Her project is about NPAs in banks. Guide her properly by explaining the concept of NPA. |
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Answer» The banks have to classify their advances into four broad groups : (i) standard assets, (ii) sub-standard assets, (iii) doubtful assets and (iv) loss assets.
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| 28. |
Using properties of determinants, prove the following:`|[1,x,x^2],[x^2, 1,x],[x,x^2,1]|=(1-x^3)^2` |
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Answer» `L.H.S. = |[1,x,x^2],[x^2,1,x],[x,x^2,1]|` Applying `C_1->C_1-xC_3` `= |[1-x^3,x,x^2],[0,1,x],[0,x^2,1]|` Expanding by columns, `=(1-x^3)(1-x^3) -0+0` `=(1-x^3)^2 = R.H.S.` |
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| 29. |
What is the impact of increase / decrease SLR rate by RBI? |
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Answer» Higher liquidity ratio forces commercial banks to maintain a larger proportion of their resources in liquid asset and thus reduces their capacity to grant loans and advances, thus it is an anti-inflationary impact. A higher liquidity ratio diverts the bank funds from loans and advances to investment in government and other approved securities. |
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| 30. |
Provisions are made for NPA accounts as per instructions from a) BIS b) RBI c) Govt. of India d) Board of the Bank |
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Answer» Correct option: b) RBI |
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| 31. |
Write a letter to the PRO, ‘Apple Computer’s requesting to facilitate a talk on the ‘Importance of Computers and the Advancement in Computer Technology: in your college during the Science |
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Answer» Festival. We are sure that you can give to youngsters all that they need to know about computers. Hence, we request you to take a session on the topic ‘Importance of Computers and the Advancement in Computer Technology.’ If you can take up a session, please let us know whether you prefer the morning slot or the noon slot. We thank you in anticipation of your favourable reply. Yours faithfully Vishwanath |
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| 32. |
What is the need for segregation of the different areas of the Bank? |
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Answer» the reason for segregating the functions into different office is to have segregation of roles and responsibilities to avoid frauds and ensure accountability and have a better focus on each area. Employees require different skills for carrying out various operations. |
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| 33. |
If a matrix has 5elements, write all possible orders it can have. |
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Answer» A matrix of `mxxn` order has `m*n` elements. Here, we are given elements in the matrix is `5`. `:. m*n = 5` Factors of `5` are `5` and `1`. So, possible values of `m` and `n` are `5` and `1` or `1` and `5` respectively. So, possible orders are `(5,1)` and `(1,5)`. |
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| 34. |
State whether the following are true or false in the case of a formal letter 1. An apostrophe is not used after ‘Your’ in ‘Yours 2. The formal letter is written in formal language. 3. One con enquire about good health.4. ‘Thanking you’ is wrong. The correct phrase is ‘Thank you 5. ‘Dearest’ con be used in the salutation.6. The tone of the letter is polite and impersonal.7. While putting signature below the subscription, using Mr., Ms., Mrs., is necessary. |
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Answer» 1. True 2. True 3. False 4. True 5. False 6. True 7. False |
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| 35. |
Write letter to the District Forest Officer, enquiring about the availability of different types of saplings to be planted on the occasion of ‘Vano Mahotsavo’ in your college. Your letter should include enquiries about:Types of plants.Mode of transportation.Cost |
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Answer» Student Coordinator Yours faithfully |
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| 36. |
Let `A = {1, 2, 3}`, `B = {4, 5, 6, 7}`and let `f = {(1, 4), (2, 5), (3, 6)}`be a function from A to B. Show that f is one-one. |
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Answer» It is given that `A = {1, 2, 3}, B = {4, 5, 6, 7}`. `f: A -> B` is defined as `f = {(1, 4), (2, 5), (3, 6)}`. `:. f (1) = 4, f (2) = 5, f (3) = 6` We can see that the images of distinct elements of `A` under `f` are distinct. Hence, function `f` is one-one. |
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| 37. |
What are the goals of monetary policy? |
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Answer» Goals of monetary policy: • Price Stability • High Employment • Economic Growth • Financial markets Stability • Interest rate stability • Stability in foreign exchange market |
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| 38. |
What is the principalvalue of `cos^(-1)cos((2pi)/3)+sin^(-1)sin((2pi)/3)?` |
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Answer» `cos^-1cos((2pi)/3)+sin^-1sin((2pi)/3)` We know, principal value of `cos^-1` is between `0` to `2pi` and for `sin^-1` is `-pi/2` to `pi/2`. `:.` Principal value of `cos^-1cos((2pi)/3) = (2pi)/3` `sin^-1sin((2pi)/3) = sin^-1sin(pi-(2pi)/3) = sin^-1sin((pi)/3) = pi/3` `:.` Principal value of `sin^-1sin((2pi)/3) = pi/3` `:.` Principal value of given expression ` = (2pi)/3+pi/3 = pi` |
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| 39. |
State the difference between Bank Guarantee and letter of credit. |
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Answer» Letters of credit ensure that a transaction proceeds as planned, while bank guarantees reduce the loss if the transaction doesn't go as planned. A letter of credit is an obligation taken on by a bank to make a payment once certain criteria are met.. A bank guarantee, like a line of credit, guarantees a sum of money to a beneficiary. |
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| 40. |
Explain any three factors which determine the interest rate? |
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Answer» 1. Inflation 2. Opportunity cost . 3. Default Panel interest |
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| 41. |
List out the ways in which quarries may be created in MS-access. |
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Answer» 1. Wizard method 2. Design method 3. SQL view method |
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| 42. |
Prove that : `tan^(-1)(1/2)+tan^(-1)(1/5)+tan^(-1)(1/8)=pi/4dot` |
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Answer» Here, we will use, `tan^-1x+tan^-1y = tan^-1((x+y)/(1-xy))` `L.H.S. = tan^-1(1/2)+tan^-1(1/5)+tan^-1(1/8)` `=tan^-1((1/2+2/5)/(1-1/2(2/5)))+tan^-1(1/8)` `=tan^-1(7/9)+tan^-1(1/8)` `=tan^-1((7/9+1/8)/(1-7/9(1/8)))` `=tan^-1((65/72)/(65/72))` `=tan^-1(1)` `=tan^-1(tanpi/4)` `=pi/4 = R.H.S.` |
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| 43. |
To create a link you surround the text or image with a (n) tag |
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Answer» Answer: Anchor |
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| 44. |
What will be displayed, if the following formula is entered in cell A1 in a spreadsheet application = 62 + 15/3 x 2 – 7 a. 39 b. 15 c. -14 d. -38 |
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Answer» Correct option: a. 39 |
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| 45. |
List the structure of a good report created in Access. |
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Answer» A good report created in Access may be designed using seven sections which taken together constitutes the structure of report design. The structure of a good report should have the following sections in it. 1. Report Header 2. Page Header 3. Group Header 4. Details 5. Group Footer 6. Page Footer 7. Report Footer |
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| 46. |
The purpose of ........... is to organise the information of report into categories whereas ............. arranges information into numerical or alphabetical order. |
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Answer» The purpose of Sorting is to organise the information of report into categories whereas Sorting order arranges information into numerical or alphabetical order. |
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| 47. |
A company purchases a machine on credit basis with terms of payment being 6 equal instalments. This is an example of which type of guarantee a) Bid bond guarantee b) Payment Guarantee c) Deferred Payment Guarantee d) Advance payment Guarantee |
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Answer» Correct option: (c) Deferred Payment Guarantee |
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| 48. |
When saved as ............ the contents of reports can not be modified by the user. |
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Answer» When saved as Snap shot,the contents of reports can not be modified by the user. |
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| 49. |
Prove, using properties of determinants:`|[y+k, y, y],[ y, y+k, y],[ y, y, y+k]|=k^2(3y+k)` |
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Answer» `L.H.S. = |[y+k,y,y],[y,y+k,y],[y,y,y+k]|` Applying `R_1->R_1+R_2+R_3` `=|[3y+k,3y+k,3y+k],[y,y+k,y],[y,y,y+k]|` Applying `C_2->C_2-C_1 and C_3->C_3-C_1` `=|[3y+k,0,0],[y,k,0],[y,0,k]|` `=(3y+k)(k^2-0)-0+0 ` `=k^2(3y+k) = R.H.S.` |
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| 50. |
A binaryoperation * on the set {0,1,2,3,4,5} is defined as:`a*b={a+b a+b-6" if "a+b |
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Answer» Let `X = {0, 1, 2, 3, 4, 5}.` The given operation `**` on `X` is defined as: `a**b={a+b if a+b<6` `a+b-6 if a+b≥6}` An element `einX` is the identity element for the operation `**`, if`a**e=a=e**a` for `a in X`. For `a in X`, `a**0=a+0=a` `0**a=0+a=a ` `:. a**0=a=0**a` for `a in X`. Thus, `0` is the identity element for the given operation `**`. An element `a in X` is invertible if there exists `b in X` such that `a**b=e=b**a`. `=>a**b ={(a+b=0=b+a,if a+b<6` `a+b−6=0=b+a−6if a+b≥6)}` `=>a=−b or b=6−a` But, `X = {0, 1, 2, 3, 4, 5}` and `a,b in X`.Then, `a!=−b`. Therefore, `b=6−a` is the inverse of `a`. Hence, the inverse of an element `a in X,a != 0` is `6−a `. |
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