Bank Exams Questions

Q:

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

A) Nil Accounting Variation B) New Asset Venture
C) Net Accounting Venture D) Net Asset Value
 
Answer & Explanation Answer: D) Net Asset Value

Explanation:

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

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Filed Under: Accounts Receivable
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

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Q:

Which Article deals Protection against Arrest and detention?

A) Art-24B B) Art-23
C) Art-22 D) Art-21A
 
Answer & Explanation Answer: C) Art-22

Explanation:

Article-22 :: Protection against arrest and detention.

No person who is arrested shall be detained in custody without being informed of the grounds for such arrest nor shall he be denied the right to consult and to be defended by a legal Practioner of his choice.

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Filed Under: Indian Politics
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank PO

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Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1

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

Explanation:

i=j/m

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Filed Under: Compound Interest
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Q:

What measures Air pressure?

A) Barkometer B) Bolometer
C) Spectrometer D) Barometer
 
Answer & Explanation Answer: D) Barometer

Explanation:

Air Pressure can be defined as the pressure of air in the earth's atmosphere. It reaches a maximum of about 100,000 Pa near sea level and decreases as altitude increases.

The barometer is an instrument which is used for measuring Air pressure.

 

Physics instruments and their uses:

 

Barkometer  - - - Tanning liquors used in tanning leather

Bolometer  - - - Electromagnetic radiation

Spectrometer - - -  Properties of light.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

How many times can you subtract 5 from 25?

Answer

Technically or logically it is possible only once. As if you subtract 5 from 25 at first te result will be 20. Now, you can't subtract 5 from 25 since the left number is 20.


 


But if you go mathematically, it can be done infinite times and only 5 times without going into the negatives.

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Q:

What is the common name of CaOCl2?

A) Baking Powder B) Baking Soda
C) Bleaching Powder D) Washing Soda
 
Answer & Explanation Answer: C) Bleaching Powder

Explanation:
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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A) 11572.71 B) 11876
C) 189756 D) 11576
 
Answer & Explanation Answer: A) 11572.71

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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Filed Under: Compound Interest
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Q:

In a certain code language, "KINGFISHER" is written as "+$@*!$><^?". How is "NEIGH" written in that code language?

A) ^@$*< B) @^$<*
C) @$^*< D) @^$*<
 
Answer & Explanation Answer: B) @^$<*

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

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