Bank PO Questions


Q:

A distinguishing feature of managerial accounting is

A) general-purpose reports B) very detailed reports
C) quarterly and annual reports D) external users
 
Answer & Explanation Answer: B) very detailed reports

Explanation:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals. This branch of accounting is also known as cost accounting.

 

Hence, the distinguishing feature of managerial accounting is very detailed reports.

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

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Q:

Commercial banks are funded through which of the following?

A) Stock holders B) Government funding
C) Services D) Customer deposits
 
Answer & Explanation Answer: D) Customer deposits

Explanation:

A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking, as opposed to an investment bank.

 

Commercial banks are funded through customer deposits. These banks make money by providing loans and earning interest income from those loans. The types of loans a commercial bank can issue vary and may include mortgages, auto loans, business loans and personal loans. A commercial bank may specialize in just one or a few types of loans.

 

Customers who deposit money into these accounts effectively lend money to the bank and are paid interest. However, the interest rate paid by the bank on money they borrow is less than the rate charged on money they lend.

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

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Q:

Which of the following is malleable?

A) Ice B) Gold
C) Stone D) Pottery
 
Answer & Explanation Answer: B) Gold

Explanation:

Here in the given options, Gold is a malleable substance.

Malleable substance means a metal or a material able to be hammered or pressed into shape without breaking or cracking. i.e, tensile.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Excise duty is a tax levied on the

A) Export of goods B) Import of goods
C) sale of goods D) Production of goods
 
Answer & Explanation Answer: D) Production of goods

Explanation:

An excise or excise tax or excise duty is a type of tax charged on goods produced within the country (as opposed to customs duties, charged on goods from outside the country). It is a tax on the production of a good. This tax is now known as the Central Value Added Tax (CENVAT).

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Q:

Nitrogen Fixation is carried out primarily by

A) Plants B) Humans
C) Consumers D) Bacteria
 
Answer & Explanation Answer: D) Bacteria

Explanation:

The process by which bacteria convert nitrogen gas (N2) into ammonia (NH3) is called Nitrogen Fixation.

 

The conversion of nitrogen from one form to another in the nitrogen cycle is carried out primarily by Nitrogen Fixing Bacteria such as Azotobacter.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank PO

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Q:

Which of the following has become the first country to grant citizenship to a Robot ?

A) Saudi Arabia B) New Zealand
C) China D) Japan
 
Answer & Explanation Answer: A) Saudi Arabia

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

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Q:

A song always has

A) Musician B) Tymbal
C) Word D) Chorus
 
Answer & Explanation Answer: C) Word

Explanation:

Without a word in it, it can't be called as song.

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

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Q:

Opening in a wall to let in air or light

A) Ceiling B) Door
C) Window D) All the above
 
Answer & Explanation Answer: C) Window

Explanation:

The Opening in a wall to let in air or light is nothing but a Window.

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