Bank Clerk Questions


Q:

Internal controls are concerned with

A) the extent of government regulations B) preparing income tax returns
C) safeguarding assets D) only manual systems of accounting
 
Answer & Explanation Answer: C) safeguarding assets

Explanation:

Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.

 

Internal control is all of the policies and procedures management uses to achieve the following goals.

  • Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.

 

  • Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.

 

  • Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.

 

  • Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.

 

  • Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.

 

Hence, Internal controls are concerned with safeguarding assets.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 3711
Q:

Updated List of Cabinet Ministers of India in September 2017 ?

Answer

Sr. No             Minister                         Portfolio


 1.           Shri Narendra Modi         Prime Minister and also in-charge of:


                                                           – Ministry of Personnel
                                                            – Public Grievances and Pensions
                                                            – Department of Atomic Energy
                                                            – Department of Space


  All important policy issues and all other portfolios not allocated to any Minister.


  2.           Shri Raj Nath Singh         Minister of Home Affairs


  3.           Smt. Sushma Swaraj       Minister of External Affairs


  4.           Shri Arun Jaitley            -  Minister of Finance


                                                    – Minister of Corporate Affair


 5.           Shri Nitin Jairam Gadkari   – Minister of Road Transport & Highway


                                                      – Minister of shipping 


                                                      – Minister of Water Resources, River Development & Ganga Rejuvenation


 6.           Suresh Prabhu                     Minister of Commerce & Industry


 7.           D.V Sadananda Gowda        Minister of Statistics & Programme Implementation


 8.           Sushri Uma Bharati             Minister of Drinking Water & Sanitation


 9.           Nirmala Sitharaman            Minister of Defence


 10.         Mukhtar Abbas Naqvi          Minister of Minority Affairs


 11.         Shri Ramvilas Paswan         Minister of Consumer Affairs, Food & Public Distribution


 12.         Maneka Sanjay Gandhi       Minister of Women & Child Development


 13.         Shri Ananth Kumar          – Minister of Chemicals & Fertilizers
                                                    – Ministry of Parliamentary Affairs


 14.         Shri. Ravi Shankar Prasad    – Minister of Law & Justice                                                                                                    – Minister of Electronics & Information Technology         


 15.         Shri Jagat Prakash Nadda      Minister of Health & Family Welfare


16.         Ashok Gajapathi Raju Pusapati     Minister of Civil Aviation


17.         Shri. Anant Geete                      Minister of Heavy Industries & Public Enterprises     


18.         Smt. Harsimrat Kaur Badal         Minister of Food Processing Industries


19.         Shri Narendra Singh Tomar         – Minister of Rural Development
                                                             – Minister of Panchayati Raj
                                                            – Minister of Drinking Water & Sanitation


20.         Shri Chaudhary Birender Singh      Minister of Steel


21.         Shri Jual Oram                              Minister of Tribal Affairs


22.         Shri Radha Mohan Singh                Minister of Agriculture & Farmers Welfare          


23.         Shri Thawar Chand Gehlot              Minister of Social Justice & Empowerment


24.         Smt. Smriti Irani                           – Minister of Textiles
                                                                – Minister of Information & Broadcasting            


25.         Dr Harsh Vardhan                         – Minister of Science & Technology
                                                                – Minister of Earth Sciences
                                                               – Minister of Environment, Forest & Climate Change


26.          Prakash Javadekar                        Human Resource Development


27.          Piyush Goyal                                 – Minister of Railways


                                                                – Minster of Coal


28.         Dharmendra Pradhan                     – Minister of Petroleum & Natural Gas


                                                               – Minister of Skill Development & Enterprise

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Subject: General Awareness Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

8 3710
Q:

What is name of Three Indians who has made it to the MIT Technology Review magazine's Innovators under 35 list in 2017 ?

A) Suchi Saria B) Radha Boya
C) Neha Narkhede D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:
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Filed Under: Famous Personalities
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 3710
Q:

Name the first state Police Officer of Nagaland who has been awarded one of the nations' military honour, ‘Shaurya Chakra’, in 2017 by the Government of India.

A) SomviBihu B) Jong Kayi
C) Nara Karom D) AtuZumvu
 
Answer & Explanation Answer: D) AtuZumvu

Explanation:

For the first time since Nagaland officially gained recognition as a state, a state Police Officer AtuZumvu has been awarded one of the nations' military honour, ‘Shaurya Chakra’.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

3 3710
Q:

Guess the word?

5_letter1528105565.jpg image

Answer

SHORT is the required five letter word, which becomes SHORTER when two letters 'ER' are added to it.

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Subject: Word Puzzles Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

6 3709
Q:

How many 4-digit numbers can be formed from the digits 2, 3, 5, 6, 7 and 9, which are divisible by 5 and none of the digits is repeated?

A) 60 B) 48
C) 36 D) 20
 
Answer & Explanation Answer: A) 60

Explanation:

Here given the required digit number is 4 digit.

It must be divisible by 5. Hence, the unit's digit in the required 4 digit number must be 0 or 5. But here only 5 is available.

x x x 5

The remaining places can be filled by remaining digits as 5 x 4 x 3 ways.

 

Hence, number 4-digit numbers can be formed are 5 x 4 x 3 = 20 x 3 = 60.

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Filed Under: Permutations and Combinations
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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2 3706
Q:

Strong language often means

A) strong feelings B) weak feelings
C) shared knowledge D) risk-taking
 
Answer & Explanation Answer: A) strong feelings

Explanation:
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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 3705
Q:

Which of the following became widespread during the 1980's?

A) Internet B) Radio
C) Cable television D) All the above
 
Answer & Explanation Answer: C) Cable television

Explanation:

Cable television or cable TV became widespread during the 1980's.

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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams
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6 3705