Bank PO Questions


Q:

What is 'Three-Way Match' refers in Acconting ?

Answer

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices.


Here Three-way refers to the three documents involved :


* Vendor's invoice which was received and will become part of an organization's accounts        payable if approved.


* Purchase order that was prepared by the organization.


* Receiving report that was prepared by the organization.


And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received.


After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which Asian country has recently launched its 1st messaging app BizBarde ?

A) Japan B) Indonesia
C) Israel D) Turkmenistan
 
Answer & Explanation Answer: D) Turkmenistan

Explanation:

Turkmenistan, is the Asian country which has recently launched its 1st messaging app BizBarde.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The sum of the present ages of a father and his son is 70 years. Five years ago, father's age was 5 times the age of the son, so now the son's age will be?

A) 12 B) 14
C) 15 D) 19
 
Answer & Explanation Answer: C) 15

Explanation:

                                                               Father           Son

 

5years ago the age of the father & son           5X                X

 

present the age of the father & son              5X+5             X+5

 

(present age of father) + (present age of son) = 70

 

       (5x+5)                 +        (x+5)              = 70

 

 Then you will get X = 10

 

Present age of the son (x+5) = 15

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Filed Under: Problems on Ages
Exam Prep: TOEFL , GRE , GATE , CAT , Bank Exams , AIEEE
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Q:

How many amino acids are found in living organisms?

A) 1500 B) 3000
C) 20 D) 4
 
Answer & Explanation Answer: C) 20

Explanation:

Amino acids are a crucial, yet basic unit of protein, and they contain an amino group and a carboxylic group. They play an extensive role in gene expression processes.

 

Amino acids become proteins when 50 or more are bonded together in a chain. All the millions of different proteins in living things are formed by the bonding of only 20 amino acids.

 

Eight of these amino acids are essential and cannot be produced by the body.

They are:

• Leucine

• Isoleucine

• Lysine

• Threonine

• Methionine

• Phenylalanine

• Valine

• Tryptophan

•  Histidine is an amino acid that is categorized as semi-essential since the human body doesn't always need it to properly function

 

Nonessential amino acids are produced by the human body either from essential amino acids or from normal protein breakdowns. Nonessential amino acids include:

• Asparagine

• Alanine

• Arginine

• Aspartic acid

• Cysteine

• Glutamic acid

• Glutamine

• Proline

• Glycine

• Tyrosine

• Serine.

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Filed Under: Biology
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Q:

Origins of genetic variation

A) intragenic recombination B) mutation
C) reticulation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Random mutations are the ultimate source of genetic variation. Mutations are likely to be rare and most mutations are neutral or deleterious, but in some instances, the new alleles can be favored by natural selection. Polyploidy is an example of chromosomal mutation.

 

Mutations are changes in the DNA. A single mutation can have a large effect.

1) mutation - an alteration in DNA sequence, various types

2) intragenic recombination - results in entirely new associations of genes not present in either parental genome.


Two forms of intragenic recombination:

a) crossing over
b) independent assortment
3) reticulation – acquisition of genetic material from unrelated or relatively unrelated sources (e.g., hybrid species, horizontal gene transfer).

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Filed Under: Biology
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Q:

Select a suitable figure from the four alternatives that would complete the figure matrix.

11484715453.png image

A) 4 B) 3
C) 2 D) 1
 
Answer & Explanation Answer: B) 3

Explanation:

In each row, the third figure is a collection of the common elements (line segments) of the first and the second figures.

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Filed Under: Figure Matrix
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Q:

Which is a good example of roman portrait painting?

A) Hellenistic B) Faiyum portraits
C) Both A & B D) The bust of Julius Caesar
 
Answer & Explanation Answer: D) The bust of Julius Caesar

Explanation:

Which_is_a_good_example_of_roman_portrait_painting1542610144.jpg image

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Filed Under: Indian History
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Q:

Which one of the following foreign agencies will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programmes(SEP) ?

A) IMF B) UNDP
C) ADB D) UNICEF
 
Answer & Explanation Answer: C) ADB

Explanation:

Asian Development Bank (ADB) announced that it will assist the municipal agencies to improve quality of municipal schools through its School Excellence Programme (SEP).

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Filed Under: General Awareness
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