4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

A bank offers 10% compound interest per half year. A customer deposits Rs. 2000 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A) Rs 1240	B) Rs 310
C) Rs 155	D) Rs 620

Answer & Explanation Answer: D) Rs 620

Explanation:

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Filed Under: Compound Interest
Exam Prep: Bank Exams

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which one of the following statements in respect of the States of India is not correct?

A) States in India cannot have their own Constitutions.	B) The State of Jammu and Kashmir has its own Constitution.
C) States in India do not have the right to secede from the Union of India.	D) The maximum number of members in the Council of Ministers of Delhi can be 15 percent of the total number of members in the Legislative Assembly.

Answer & Explanation Answer: B) The State of Jammu and Kashmir has its own Constitution.

Explanation:

There shall be a Council of Ministers consisting of not more than ten per cent (a special provision for Delhi as against the 15 percent clause under 91st Amendment Act)of the total number of members in the Legislative Assembly, with the Chief Minister at the head to aid and advise the Lieutenant Governor in the exercise of his functions in relation to matters with respect to which the Legislative Assembly has power to make laws.

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985	B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995	D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971

Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

English may be a foreign

A-countries, but not for

B-those from India

C-language for students from other

A) BCA	B) CAB
C) BAC	D) ACB

Answer & Explanation Answer: B) CAB

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Saathi deposited Rs. 825 in a bank that promised 8% simple interest per annum. If Saathi kept the money with the bank for 5 years, she will earn an interest of

A) Rs. 480	B) Rs. 280
C) Rs. 330	D) Rs. 290

Answer & Explanation Answer: C) Rs. 330

Explanation:

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

Calculate the ratio of the area of two similar triangles if the sides of the triangles are in the ratio of 9:4.

A) 9:4	B) 3:2
C) 81:16	D) 27:8

Answer & Explanation Answer: C) 81:16

Explanation:

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Filed Under: Ratios and Proportions
Exam Prep: Bank Exams

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Q:

A girl walking at the speed of 2 km/hr covers a certain distance in 7 hours 30 minutes. If she covers the same distance by cycle in 5 hours, then what is the speed (in km/hr) of cycle?

A) 2.5	B) 4
C) 3	D) 3.5

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