Bank PO Questions


Q:

Financial statements are prepared in the following order.

A) Income statement - Balance sheet - Statement of retained earnings B) Income statement - Statement of retained earnings - Balance sheet
C) Balance sheet - Statement of retained earnings - Income statement D) Statement of retained earnings - Balance sheet - Income statement
 
Answer & Explanation Answer: B) Income statement - Statement of retained earnings - Balance sheet

Explanation:

The financial statements should be prepared in the following order:


Income statement - Statement of retained earnings - Balance sheet

 

1. Income statement reports revenues and expenses and calculates net income or net loss for the time period.

2. Statement of retained earnings show how retained earnings changed during the period due to net income or net loss and dividends.

3. Balance sheet reports assets, liabilities, and stockholders’ equity as of the last day of the period.

Report Error

View Answer Report Error Discuss

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

2 3112
Q:

“Neither a borrower nor a lender be, for loan oft loses both itself and friend.”

What is the meaning of the given phrase?

Answer

It is said by Lord Polonius.



It means do not lend or borrow money from a friend, because if you do so, you will lose both your friend and your money. If you lend, he will avoid paying back, and if you borrow you will fall out of your savings, as you turn into a spendthrift, and face humiliation.

Report Error

View answer Workspace Report Error Discuss

8 3112
Q:

The size of gear is usually specified by

A) pitch circle diameter B) diametral pitch
C) pressure angle D) circular pitch
 
Answer & Explanation Answer: A) pitch circle diameter

Explanation:

The size of gear is usually specified by pitch circle diameter.

Report Error

View Answer Report Error Discuss

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

0 3111
Q:

The word photography literally means

A) Light crowning B) Light drawing
C) Light creations D) Light art
 
Answer & Explanation Answer: B) Light drawing

Explanation:

Photography is a word derived from Greek words Photo means light and graphe means drawing.'Hence it literally means light drawing.

Report Error

View Answer Report Error Discuss

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

0 3111
Q:

What gets bigger the more you take away?

Answer

A Hole gets bigger and bigger as you take more away from it.

Report Error

View answer Workspace Report Error Discuss

6 3110
Q:

Who institutes the META awards?

A) Reliance group B) Satyam group
C) Mahindra group D) None of the above
 
Answer & Explanation Answer: C) Mahindra group

Explanation:

The Mahindra Excellence in Theatre Awards (META) instituted by Mahindra group.

Report Error

View Answer Report Error Discuss

Filed Under: Honours and Awards
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

3 3109
Q:

According to Assocham Report, ____________ is second best state in attracting investments.

A) Gujarat B) Maharashtra
C) Odisha D) Madhya Pradesh
 
Answer & Explanation Answer: A) Gujarat

Explanation:

Maharashtra bagged top position in total live investments attracted by different public and private sources across India as of FY17 stated the ASSOCHAM report. While Gujarat is in the second position followed by Odisha on the third slot, Gujarat at 8.5% and Odisha at 7%. Maharashtra led the pack to top as the best state to attract the investments.

Report Error

View Answer Report Error Discuss

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

13 3109
Q:

What is the rank of India in World Economic Forum’s Global Human Capital Index (GHCI) 2017 ?

A) 103 B) 104
C) 105 D) 106
 
Answer & Explanation Answer: A) 103

Explanation:

India ranked low 103rd out of 130 countries surveyed on World Economic Forum’s (WEF) Global Human Capital Index (GHCI) 2017. In the previous edition India ranked 105th.

Report Error

View Answer Report Error Discuss

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

7 3109