Bank PO Questions

Sociologists define the concept of "race" as a socially constructed category composed of people who share biologically transmitted traits that members of a society consider important.

John Shepherd-Barron was the inventor of ATM (automated teller machine), which was opened on 27th June, 1967 by Barclays bank.

A search engine is a set of programs which enables users to search documents and files ihe world wide web.

Common search engines are Google, Yahoo, Bing,...

India and France entered into an agreement for 36 Rafale fighter jets at a value of about Rs 59,000 crore. The agreement includes a 50 per cent offset obligation, the largest-ever offset contract in the history of India. The main point of the offset agreement is 74 per cent of it has to be imported from India, which means direct business worth around Rs 22,000 crore, according to PTI report.

Soon after the deal, Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation had announced a joint venture (JV) that will be a 'key player' in fulfilling the offset contract.

A Bank Reconciliation Statement is a statement prepared periodically by a customer to explain the divergence (difference) between the bank balance as per cash book and the bank balance as per Pass Book. It clearly shows the two differing balances and the outstanding items which causes the balances to disagree.

The objective of preparing such a statement is to know the causes of differences between the two balances and pass necessary correcting or adjusting entries in the books of the firm. But it is to be noted that some differences are automatically adjusted. For example - A cheque that has been sent for collection, but not yet collected, causes a difference between the balance as shown by the pass book and the balance as shown by the cash book, but no adjusting entry is required in the cash book for such a difference because, the bank will credit the firm’s account as soon as the cheque is collected.