UIIC Assistant key terms

A reasoning topic where two or more statements are taken as true and you must decide which of the given conclusions follow logically from them, without adding any outside knowledge or assumptions.

Puzzles that describe how people are connected through family ties, often in coded or roundabout sentences, and ask you to work out the exact relationship between two named persons.

A puzzle where people are placed in rows, around a circle or in a straight line using clues about who sits next to, opposite or at which end, and questions ask for final positions.

Questions where words or numbers are written in a made-up code following a fixed rule; you identify the rule from worked examples and then apply it to a new word or number.

Statements that compare variables using symbols such as >, <, ≥, ≤ and =, followed by conclusions; you decide which conclusions are definitely true if every statement is true.

A set of steps that rearranges numbers or words according to a fixed rule demonstrated in one worked example; questions ask for the output at a particular step number.

Questions that give a problem plus two statements; you judge whether statement I alone, statement II alone, both together, or neither is enough to answer it, without actually solving the problem.

A way of expressing a number as a part of one hundred. To convert a fraction to a percent, multiply by 100; percentages underpin profit, interest, discount and data interpretation questions.

Interest calculated only on the original principal for the whole period, using SI = P × R × T / 100, where R is the yearly rate and T the time in years.

Interest charged on both the principal and the interest already earned, so the amount grows each period; found as P(1 + R/100)^T minus the principal.

A ratio compares two quantities of the same kind by division; a proportion states that two ratios are equal, which lets you find an unknown term by cross-multiplying.

Problems where a job is completed by one or more people or machines at stated rates; the usual method converts each rate into work done per day and adds the rates together.

Cost price is what a trader pays and selling price is what a buyer pays; profit or loss is the difference between them, and the percentage is calculated on cost price unless stated otherwise.

A group of questions based on a table, bar chart, pie chart or line graph; you read values from the given data and then apply percentage, ratio or average calculations.

The sum of a set of values divided by how many values there are; useful for finding a missing number or a new average when one item is added or removed.

A word that carries the same or a very similar meaning as another word, such as begin and start; the question asks you to pick the closest match from the given options.

A word with the opposite meaning to another word, such as ancient and modern; questions ask you to choose the option that reverses the meaning of the given word.

A fixed phrase whose meaning cannot be worked out from its individual words, for example to let the cat out of the bag, which means to reveal a secret.

A short passage with some words removed and blanks left in their place; you choose the option that fits each blank so the sentence reads correctly and the passage keeps its meaning.

A paragraph split into numbered sentences presented in random order; you must rearrange them into one coherent paragraph that flows logically from the opening sentence to the close.

A sentence divided into parts, one of which contains a grammar or usage mistake; you identify the faulty part or state that the sentence contains no error at all.

A passage followed by questions on its main idea, specific details, tone or implied meaning; every answer must be supported by the passage rather than by personal opinion.

The Insurance Regulatory and Development Authority of India, the statutory body that licenses insurers and intermediaries, sets solvency and conduct rules, and protects policyholders. Its headquarters is in Hyderabad.

The amount a policyholder pays, either as a single sum or in instalments, to keep an insurance policy in force; it is priced from the risk covered, expenses and expected claims.

The amount an insurer promises to pay when the insured event occurs, such as death or maturity of the policy; it is the base figure on which many premiums are calculated.

When an insurer transfers part of the risk it has already accepted to another insurer, called a reinsurer, so that a very large claim does not damage its own finances.

Selling insurance policies through bank branches, with the bank acting as a corporate agent for one or more insurers. It is one of the main distribution channels in India.

The rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities; it is the main signal of the country's monetary policy stance.

The share of a bank's net demand and time liabilities that must be held as cash with the Reserve Bank of India, earning no interest, and is used to manage liquidity in the system.

Pradhan Mantri Jeevan Jyoti Bima Yojana, a government-backed life insurance scheme giving a fixed life cover to bank account holders aged 18 to 50 at a low annual premium.

The percentage of claims an insurer paid out of the claims it received during a period; a widely quoted but incomplete indicator of how reliably an insurer honours claims.

The process by which an insurer evaluates the risk in a proposal, decides whether to accept it, and fixes the premium along with any conditions, loadings or exclusions that will apply.

Cover that pays for injury, death or property damage caused to other people by the insured vehicle. It is compulsory for every vehicle used on public roads in India.

Uniform Resource Locator, the full address typed into a browser to reach a page, such as https://example.com/page; it names the protocol, the server and the path to the resource.

Hardware or software that checks incoming and outgoing network traffic against a set of rules and blocks anything not permitted, helping protect a computer or network from unauthorised access.

Any software written to harm or exploit a system, including viruses, worms, trojans, spyware and ransomware; it usually arrives through downloads, email attachments or infected websites.

A unique number assigned to each device on a network so data reaches the right place; IPv4 addresses look like 192.168.1.10, while IPv6 addresses are much longer.

The main software that starts a computer, manages memory, files and devices, and allows application programs to run; examples are Windows, Linux, macOS and Android.

Keeping files on remote servers run by a provider, such as Google Drive or OneDrive, and reaching them over the internet instead of storing them only on a local hard disk.

A copy of data kept separately from the original so that files can be restored after accidental deletion, hardware failure, theft or a ransomware attack.