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Bank Exams Questions

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Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in the form of?

A) Derivative Usance Promissory Note B) Usance Promissory Note
C) Demand Promissory Note D) Both a & b
 
Answer & Explanation Answer: B) Usance Promissory Note

Explanation:

The Certificate of Deposit (CD) is a negotiable money market instrument and issued in dematerialised form or as a Usance Promissory Note against funds deposited at a bank or other eligible financial institution for a specified time period. (Usance Promissory Note has to be paid after certain time period).

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If the standard deviation of a population is 7, what would be the population variance?

A) 14 B) 21
C) 49 D) 28
 
Answer & Explanation Answer: C) 49

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Filed Under: Probability
Exam Prep: Bank Exams

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Q:

What will be the maturity value, if Rs. 13,500 is deposited at a simple rate of interest of 12.5% for two years?

A) Rs. 15,187.50 B) Rs. 16,875.00
C) Rs. 16,875.50 D) Rs. 16,785.00
 
Answer & Explanation Answer: B) Rs. 16,875.00

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

The square root of 6084 is

A) 82 B) 78
C) 74 D) 76
 
Answer & Explanation Answer: B) 78

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Filed Under: Simplification
Exam Prep: Bank Exams

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Q:

Rearrange the jumbled up letters in their natural sequence and find the odd one out.

A) SAMR B) MOETC
C) USVNE D) PUJIERT
 
Answer & Explanation Answer: B) MOETC

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Filed Under: Odd Man Out
Exam Prep: Bank Exams

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Q:

Take the given statements to be true and decide which of the conclusions logically follows from the given statements.

 

Statement : Some ponds are lakes. Some lakes are rivers. Some rivers are seas.

 

Conclusions :

1. Some seas are lakes.

2. No sea is a lake.

 

A) Both 1 and 2 follows B) Either 1 or 2 follows
C) Only conclusion 1 follows D) Only conclusion 2 follows
 
Answer & Explanation Answer: B) Either 1 or 2 follows

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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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