Bank PO Questions


Q:

Which public sector bank has tied up with Tirumala Milk Products for providing loans to dairy farmers  ?

A) Axis Bank B) ICICI Bank
C) State Bank Of India D) HDFC Bank
 
Answer & Explanation Answer: C) State Bank Of India

Explanation:

The State Bank of India (SBI) has tied-up with Tirumala Milk Products to provide loans to dairy farmers who supply milk to the latter. As per the scheme for financing dairy units, SBI offers loans for construction of shed, and purchase of milch animals, milking machine, and chaff cutter. Apart from this, the bank also provides loans to dairy societies for modernisation and creation of infrastructure such as purchase of automatic milk collection system, purchase of transport vehicles and bulk chilling unit. The Tirumala Milk Products is a South- based company, which was acquired by France-based Groupe Lactalis in 2014.

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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:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 4.2

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

Explanation:

i=j/m

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

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Q:

Two cars, a Maruthi and a Toyato, start at the same time in opposite directions from two distinct points A and B. Starting from A, the Maruthi reaches B in 6 hrs 20 minutes and the Toyato starting from B, reaches A in 4 hrs 45 minutes. What is the speed of the Toyato, if the speed of the Maruthi is 60 Km/h?

A) 75 kmph B) 80 kmph
C) 86 kmph D) 90 kmph
 
Answer & Explanation Answer: B) 80 kmph

Explanation:

Let the distance between A and B = D

Given the speed of maruthi = 60 kmph

Maruthi reaches from A to B in 6 hrs 20 min = 6 + 20/60 = 6 1/3 hrs

Now, the distance between A & B = D = speed x time = 60 x 19/3 = 380 kms

As the distance is same for toyato also,

given time for toyato = 4 hrs 45 min = 4 + 45/60 = 4 3/4 = 19/4 hrs

speed of toyato = distance/time = 380/19/4 = 380 x 4/19 = 80 kmph.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Is vitamin B12 fat soluble?

A) TRUE B) FALSE
Answer & Explanation Answer: B) FALSE

Explanation:

Vitamin B12 is the only water-soluble vitamin that can be stored in the liver for many years. There are 9 water soluble vitamins.

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Subject: General Science
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

1 3338
Q:

When an account becomes uncollectible and must be written off

A) Accounts Receivable should be credited B) Sales Revenue should be debited
C) Allowance for Doubtful Accounts should be credited D) Bad Debt Expense should be credited
 
Answer & Explanation Answer: A) Accounts Receivable should be credited

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

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Q:

Both skin and lung cancer are classified as carcinomas.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

Carcinomas are cancers that begin in tissues lining the inner or outer surfaces of the body where the DNA of the cells become damaged. Lung cancer and one type of skin cancer (squamous-cell carcinoma) are carcinomas.


 


Hence, the given statement is TRUE.


 

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Subject: General Science
Exam Prep: AIEEE
Job Role: Analyst , Bank PO

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Q:

Find the compound amount if $1200 is deposited at 8% interest for 11 years if interest is compounded continuously

A) 1456 B) 1456
C) 1693.08 D) 1890
 
Answer & Explanation Answer: C) 1693.08

Explanation:

M=Pe^yr

 

2893.08

 

I=M-P

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Q:

Example:$800 is invested at 7% for 6 years.Find the interest compounded anually?

A) 400.58 B) 300.58
C) 200.58 D) 100.58
 
Answer & Explanation Answer: A) 400.58

Explanation:

M=P(1+i)^n

 

I=M-P

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