Exams


Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

If life existed on Mars, it is most likely to be in (1)/ the form of bacteria buried deep in (2)/ the planet’s permafrost or lichens. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Filed Under: English
Exam Prep: Bank Exams

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: Superstitions exist throughout the world despite scientific advances.
Q: One cannot heed anybody’s sneezes if one has to be punctual on duty or ‘cannot miss a flight.
R: But the spread of science and education among the masses has certainly given rise to a significant number of persons who do not believe in these superstitions.
S: The compulsions of modern life have also caused some of the superstitions to fade out.

 

A) RPSQ B) SQRP
C) SRQP D) PRSQ
 
Answer & Explanation Answer: D) PRSQ

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Which of the following statement is true?

A) Global warming and climate change are two different issues B) Global warming will reduce the annual build-up of glacier ice
C) Global warming may cause sea levels to go down D) Global warming may cause contraction of deserts
 
Answer & Explanation Answer: B) Global warming will reduce the annual build-up of glacier ice

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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Choose the pair which is related in the same way as the words in the first pair from the given choices.

 

PIGEON : PEACE :: WHITEFLAG : ____

 

A) FRIENDSHIP B) VICTORY
C) SURRENDER D) WAR
 
Answer & Explanation Answer: C) SURRENDER

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Filed Under: Analogy
Exam Prep: Bank Exams

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Q:

Which Indian-American is the chairman of the prestigious Federal Communications Commission (FCC) of the United States as of March 2018?

A) Neomi Rao B) Seema Verma
C) Ajit Pai D) Neil Chatterjee
 
Answer & Explanation Answer: C) Ajit Pai

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Filed Under: Famous Personalities
Exam Prep: Bank Exams

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Q:

Retinol is mainly related to ___.

A) Vitamin A B) Vitamin B
C) Vitamin D D) Vitamin E
 
Answer & Explanation Answer: A) Vitamin A

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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