Bank PO Questions


Q:

Which of the following is a function of inventory?

A) to take advantage of quantity discounts B) to decouple various parts of the production process
C) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

All the above given statements are functions of Inventory.

 

Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods.


The primary function of inventory is to use marketing and production to increase profitability, to get the maximum amount for the business' investment. There are other functions of inventory, such as balancing supply and demand, improving efficiency, establishing a safety stock and geographical specialization.

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Filed Under: Business Intelligence
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Q:

What is the Lithosphere made of?

A) Soil B) Rocks
C) Dirt D) Water
 
Answer & Explanation Answer: B) Rocks

Explanation:

Lithoshpere are composed of rocks in the crust and upper mantle that behave as brittle solids. The lithosphere is Earth's outermost layer.

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Filed Under: General Awareness
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Q:

What stops one branch of government from becoming too powerful?

A) State governments B) Every 4 years of President election
C) Members of congress D) Checks and Balances
 
Answer & Explanation Answer: D) Checks and Balances

Explanation:

A procedure or method called Checks and Balances stops one branch of government from becoming too powerful.

  • In the United States, there are three branches of government: The Executive, Legislative, and Judicial.

 

  • Each has its own responsibilities and at the same time they work together to make the country run smoothly and to assure that the rights of citizens are not ignored or disallowed.

 

  • There is a clear separation of powers between them.

 

  • Checks and Balances limit the power within each branch.

 

  • Each branch can stop and/or override processes within other branches in manners that are outlined in federal laws, regulations, and the constitution.

 

  • This way, their powers are balanced because the branches of government have the responsibility to check each other.
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Filed Under: Indian Politics
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Q:

15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent

A) 251.35 B) 245.45
C) 235.87 D) 251
 
Answer & Explanation Answer: A) 251.35

Explanation:

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

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

0 4173
Q:

The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 56. Then the sum is :

A) Rs. 3680 B) Rs. 2650
C) Rs. 1400 D) Rs. 1170
 
Answer & Explanation Answer: C) Rs. 1400

Explanation:

We know thatThe Difference between Compound Interest and Simple Interest for n years at R rate of interest is given by C.In - S.In = PR100n

Here n = 2 years, R = 20%, C.I - S.I = 56

56 = P201002=> P = 56 x 52=> P = 56 x 25=> P = Rs. 1400

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Filed Under: Compound Interest
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28 4172
Q:

The carbon tetrachloride molecule (CCl4) is

A) a nonpolar molecule with polar bonds B) a nonpolar molecule with nonpolar bonds
C) a polar molecule with polar bonds D) a polar molecule with nonploar bonds
 
Answer & Explanation Answer: A) a nonpolar molecule with polar bonds

Explanation:

The four bonds of carbon tetrachloride (CCl4) are polar, but the molecule is nonpolar because the bond polarity is cancelled by the symmetric tetrahedral shape. Hence, making the net dipole as zero and molecule as non-polar.

 

When other atoms substitute for some of the Cl atoms, the symmetry is broken and the molecule becomes polar.

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Filed Under: Chemistry
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4 4169
Q:

Who gave the safety valve theory for Indian National Congress?

A) Lala Lajpat Rai B) MN Roy
C) Bal Gangadhar Tilak D) Bipinchandra Pal
 
Answer & Explanation Answer: A) Lala Lajpat Rai

Explanation:

Lala Lajpat Rai, popularly known as Punjab Kesari was an Indian Freedom Fighter who gave the safety valve theory for Indian National Congress in 1916 in a daily news paper paper 'Young India'. 

Who_gave_the_safety_valve_theory_for_Indian_National_Congress1559629734.jpg image

It was said that the INC was started by Viceroy Lord Dufferin with the help of an ex Civil Services member as a 'Safety Valve' against the popular discontent.

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Filed Under: Indian History
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Q:

Which of these was a political goal for farmers?

A) lower prices for grain storage B) higher prices for machinery
C) lower prices for foreign goods D) higher prices for shipping
 
Answer & Explanation Answer: A) lower prices for grain storage

Explanation:
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Filed Under: Indian History
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