Bank PO Questions


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
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Job Role: Bank PO

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Q:

Water is more dense than cooking oil.

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

Explanation:

Yes, the given statement that water is more dense than cooking oil is TRUE as water more denser than oil it is sinked when it is poured in oil.

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

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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
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Q:

Carbon in the ocean originates from the atmosphere.

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

Explanation:

True, the carbon in the ocean originates from the atmosphere. The oceanic surface water absorbs the carbon dioxide gas from the atmosphere and dissolves in it.

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Q:

Mirage is due to

A) Magnetic disturbances in the atmosphere B) Equal heating of different parts of the atmosphere
C) Unequal heating of different parts of the atmosphere D) Depletion of ozone layer in the atmosphere
 
Answer & Explanation Answer: C) Unequal heating of different parts of the atmosphere

Explanation:

Mirage_is_due_to1553078535.jpg image

Mirage is a naturally occurring optical phenomenon due to unequal heating of different parts of the atmosphere in which light rays bend to produce a displaced image of distant objects or the sky.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

A computer program consists of

A) flowchart B) algorithm
C) logical steps D) All of the above
 
Answer & Explanation Answer: B) algorithm

Explanation:

A computer program is a set of instructions i.e algorithm that are to be executed to complete a task.

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Filed Under: Computer
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Q:

Artificial port of India is?

A) Haldia B) Chennai or Madras
C) Mangalore D) Kandla
 
Answer & Explanation Answer: B) Chennai or Madras

Explanation:

Chennai port is known for its Coastal breakwater, artificial, large seaport type of harbor.

Chennai Port, formerly known as Madras Port, is the second largest container port of India, behind the Nhava Sheva Port, and the largest port in the Bay of Bengal. It is the third oldest port among the 13 major ports of India

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Filed Under: General Awareness
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Q:

What do lines of latitude measure?

A) east-west position between the poles B) north-south position between the poles
C) north-east position between the poles D) south-west position between the poles
 
Answer & Explanation Answer: B) north-south position between the poles

Explanation:

Lines of latitude measure north-south position between the poles.

 

Lines of latitude are imaginary reference lines that describe how far north or south a location on the Earth is from the Equator. The equator is defined as 0 degrees, the North Pole is 90 degrees north, and the South Pole is 90 degrees south. Lines of latitude are all parallel to each other, thus they are often referred to as parallels.

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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