Bank PO Questions


Q:

Most modern Banking Systems are based on

A) commodity money B) 100 percent reserves
C) fractional reserves D) money of intrinsic value
 
Answer & Explanation Answer: C) fractional reserves

Explanation:

Most modern banking systems are based on Fractional reserves.

 

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank.

1. In a fractional reserve banking system banks can create money through the lending process.

2. A fractional reserve banking system is susceptible to bank panics.

3. Bank panics are a risk of fractional reserve banking, but are unlikely when banks are highly regulated and lend prudently.

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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Find the principal which yields $25,000 when invested at 3% annually for 20 years.

A) 13841.89 B) 14821
C) 13468 D) 57389
 
Answer & Explanation Answer: A) 13841.89

Explanation:

P=F1+in

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Filed Under: Simple Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

I have four fingers and a thumb, but not alive.

Who am I?

Answer

A glove. It has 5 fingers as we have but not alive.

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

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Q:

The longest ship canal in the world is the

A) Suez canal, Egypt B) Kiel canal, Germany
C) Panama canal, Central America D) St. Laurence Seaway (USA and Canada)
 
Answer & Explanation Answer: D) St. Laurence Seaway (USA and Canada)

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

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Q:

Yisrael Kristal, who died recently was certified by Guinness World Records as the _________.

A) World's Tallest Man B) World's Oldest Man
C) World's Youngest Man D) World's Smallest Man
 
Answer & Explanation Answer: B) World's Oldest Man

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

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Q:

Identify the metalloid in the following list?

A) Silicon B) Sulphur
C) Scandium D) All of the above
 
Answer & Explanation Answer: A) Silicon

Explanation:

A metalloid is an element with properties between metals and non metals or the mix of both.

The six metalloids are arsenic, silicon, germanium, boron, antimony and tellurium.

 

Hence, silicon is the only metalloid in the given list.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

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Q:

Which of the following is an example of system software?

A) Microsoft word B) Calculator
C) Operating system D) RAM
 
Answer & Explanation Answer: C) Operating system

Explanation:

In a brief, the system software is the interface between the hardware and user applications. System software is a type of computer program that is designed to run a computer’s hardware and application programs.

 

Examples : OS, System utilities, BIOS like mouse, keyboard, hard disc, Device drivers, Assembler,...

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Q:

Bureaucracy literally means a system of government by

A) Elected representative B) Officials
C) Group of landlords D) Nominated representative
 
Answer & Explanation Answer: B) Officials

Explanation:

A bureaucracy is a way of administratively organizing large numbers of people who need to work together.

The term bureaucracy literally means "rule by desks or offices".

Organizations in the public and private sector, including universities and governments, rely on bureaucracies to function.

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

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