Bank PO Questions


Q:

Currency exchange rates are based on

Answer

The amount of money you’ll get for a given amount of your country’s currency is based on internationally determined exchange rates. Exchange rates can be either fixed or floating. Fixed exchange rates use a standard, such as gold or another precious metal, and each unit of currency corresponds to a fixed quantity of that standard that should (theoretically) exist.

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

3 2810
Q:

Which best describes a gene?

A) a segment of chromosomal DNA B) tightly coiled strands of DNA
C) different allele forms of a trait D) None of the above
 
Answer & Explanation Answer: A) a segment of chromosomal DNA

Explanation:

Gene is a hereditary unit consisting of a sequence of DNA that occupies a specific location on a chromosome and determines a particular characteristic in an organism.

In short it is a piece or segment of chromosome.

 

Genes undergo mutation when their DNA sequence changes. 

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , GATE
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1 2809
Q:

What is the reciprocal of a negative number?

Answer

The reciprocal of a negative number is always a negative number. So that the number and its reciprocal multiply to 1. 


 


All real numbers except 0 have reciprocals.

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Subject: Arithmetical Reasoning Exam Prep: AIEEE , Bank Exams , CAT , GATE
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3 2809
Q:

When insulin is released, it causes

A) Amount of glucose in blood decreases B) Amount of glucose in blood increases
C) Amount of bile juice increases D) Amount of bile juice decreases
 
Answer & Explanation Answer: A) Amount of glucose in blood decreases

Explanation:

We know that, when we eat a meal, any carbohydrates we've eaten are broken down into glucose and passed into the bloodstream. This rise in blood glucose causes insulin to be released from the pancreas so glucose can move inside the cells and be used. As glucose moves inside the cells, the amount of glucose in the bloodstream returns to normal and insulin release slows down.

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

3 2808
Q:

Compounding interest means interest accrues

A) at variable rates throughout the term B) more quickly than simple interest
C) more slowly than simple interest D) at the same rate as simple interest
 
Answer & Explanation Answer: B) more quickly than simple interest

Explanation:

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)


Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

 

How it grows ::

 

compound_interest1532497613.jpg image

 

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Filed Under: Bank Interview
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Job Role: Analyst , Bank Clerk , Bank PO

0 2808
Q:

The oldest oil refinery in India is at

A) Haldia B) Digboi
C) Rajpur D) Noonmati
 
Answer & Explanation Answer: B) Digboi

Explanation:

Digboi, in Assam is where the oldest oil refinery in India. It was build in 1901.

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Filed Under: Indian Geography
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3 2806
Q:

Whose teachings did the pilgrims follow?

Answer

The pilgrims follow John Calvin's teachings.

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Subject: Indian Culture Exam Prep: AIEEE , Bank Exams , CAT
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27 2806
Q:

The chemical name of common salt is

A) Sodium Chloride B) Potassium Nitrate
C) Sodium Nitrate D) Potassium Chloride
 
Answer & Explanation Answer: A) Sodium Chloride

Explanation:

The chemical name of common salt is Sodium Chloride with a chemical formula NaCl.

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Filed Under: Chemistry
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2 2805