Decision making and courses of action
A situation with a rule set (e.g. eligibility conditions) or courses of action; decide which applies.
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Take a full mock →Q1 · Decision making and courses of action · EASY
A bank has the following rules for issuing a credit card to an individual applicant: 1. The applicant must be between 23 and 60 years of age (inclusive). 2. The applicant must have a monthly net income of at least Rs 25,000. 3. The applicant must have a valid PAN card. 4. If the applicant is a student, they must be in the final year of a bachelor's degree program. Consider the following details of a candidate: Age 22, Monthly Net Income Rs 30,000, Valid PAN Card, Final Year Bachelor Student. Which of the following is the correct course of action?
Q2 · Decision making and courses of action · MEDIUM
A company's policy for hiring a Project Manager states: 1. Candidate must have a minimum of 5 years of experience in the relevant field. 2. Candidate must have a postgraduate degree. 3. If the candidate does not have a postgraduate degree, they must have a minimum of 8 years of experience. 4. The candidate must pass the internal assessment with a score of at least 70%. A candidate has 6 years of experience, a bachelor's degree, and scored 75% in the assessment. What is the correct course of action?
Q3 · Decision making and courses of action · EASY
An insurance company requires the following for a health insurance policy: 1. Age between 18 and 65 years. 2. No pre-existing medical conditions in the last 5 years. 3. Annual income proof of at least Rs 200,000. 4. If the applicant is a non-smoker, the premium is reduced by 10%. An applicant is 45 years old, has no pre-existing conditions, has an annual income of Rs 180,000, and is a non-smoker. Which course of action is appropriate?
Q4 · Decision making and courses of action · MEDIUM
A university's rules for its master's programme: 1. A bachelor's degree with at least 60% marks. 2. The entrance exam taken this year. 3. A candidate who graduated more than 2 years ago must show at least 1 year of work experience. A candidate graduated five years ago with 65%, took the entrance exam this year and has 1.5 years of work experience. What is the correct decision?
Q5 · Decision making and courses of action · HARD
A loan officer must approve a personal loan based on these rules: 1. Applicant's credit score must be 750 or above. 2. Applicant's monthly EMI must not exceed 40% of their monthly net income. 3. If the applicant is self-employed, they must provide tax returns for the last 3 years. 4. If the credit score is between 700 and 749, a co-applicant with a credit score of 750 or above is required. An applicant has a credit score of 720, monthly net income of Rs 50,000, and requests a loan with an EMI of Rs 20,000. The applicant is self-employed and has provided tax returns for the last 2 years. What is the correct course of action?