Bank PO Questions


Q:

What is the Debit Balance recovery? How we can recover if we won’t have any future transactions from supplier ?

Answer

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount. 

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

2 3355
Q:

Find the correctly spelt word?

A) Addulation B) Ominous
C) Adlation D) Omineous
 
Answer & Explanation Answer: B) Ominous

Explanation:

Ominous is the correctly spelt word in the given options. It means that giving the worrying impression that something bad is going to happen.

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

1 3354
Q:

Mr. Nguyen Thi Binh is the

A) Vice President of Vietnam B) President of Korea
C) Vice President of Korea D) President of Vietnam
 
Answer & Explanation Answer: D) President of Vietnam

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

4 3352
Q:

The Indira Gandhi Zoological Park is located in which state?

A) Sikkim B) Manipur
C) Andhra Pradesh D) Mizoram
 
Answer & Explanation Answer: C) Andhra Pradesh

Explanation:

The Indira Gandhi Zoological Park is located in Vishakapatnam (Vizag) in the state of Andhra Pradesh.

Indira_Gandhi_Zoological_Park_is_located_in1549605716.jpg image

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

3 3350
Q:

The greenhouse effect is caused by

A) Deforestation B) Burning of Fossil Fuels
C) Increase in Population D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

The major greenhouse gases (GHG’s) solely responsible for greenhouse effect are Carbon dioxide, Ozone, Methane and Water vapor. Although these gases comprise 1% of our atmosphere, they act like a thick warm blanket outside that surrounds this planet and regulate climate control. Greenhouse effect is not bad. In fact, it is needed for all of us to survive on planet Earth. In short, the greenhouse effect is nothing but a naturally occurring process designed by nature that aids in heating earth’s surface and helps to maintain ecological balance.

Now, while some of that heat dissipates into space, some of it burns along the atmosphere, and some of it penetrates the atmosphere and finds its way into the lower atmosphere and the planet’s surface. This in turn raises the average temperature of the Earth. Therefore, the increase in the Earth’s surface temperature due to increase in the number of greenhouse gases leads to global warming.

 

Causes of Green House Effects ::

 

* Burning of Fossil Fuels

* Deforestation 

* Increase in Population

* Farming

* Industrial Waste and Landfills.

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

5 3350
Q:

What are the Golden Rules Of Accounting ?

Answer

Golden rules of accounting convert complex book-keeping rules into a set of well defined principles which can be easily studied and applied.



Real accounts involve machinery, land and building etc... Similarly when you credit what goes out, you are reducing the account balance when a tangible asset goes out of the organization. Debit All Expenses And Losses, Credit All Incomes And Gains. This rule is applied when the account in question is a nominal account.


Personal-Account


---Debit the receiver


---Credit the Giver


Real-Account


---Debit what comes in


---Credit what goes out


Nominal-Account


---Debit all expenses and losses


---Credit all income and gains

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

3 3349
Q:

In which layer is the temperature the lowest?

A) Troposphere B) Ionosphere
C) Mesosphere D) Stratosphere
 
Answer & Explanation Answer: C) Mesosphere

Explanation:

The mesosphere lies above the stratosphere and extends to an altitude of about 85 km. This is layer is often referred to as the cold layer, as the lowest readings in the atmosphere are found here.

 

Temperature decreases with height, reaching a minimum average value of -90 ºC at the top of the layer.

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

5 3347
Q:

Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

A) 16.75 yrs B) 15.25 yrs
C) 14 yrs D) 13.5 yrs
 
Answer & Explanation Answer: B) 15.25 yrs

Explanation:

We know that,

I = PTR/100

ATQ,

15800 = 14800 x T x 6/100

T = 15800/148x7

T = 15800/1036

T = 15.25 yrs.

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

10 3346