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Q:

Unearned revenue is classified as

A) Liability B) Owner's equity
C) Asset D) Income
 
Answer & Explanation Answer: A) Liability

Explanation:

Unearned revenue is the money or revenue earned for the product or the service that is not yet sold or provided to the customer. Hence, it comes under liabilities.

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Filed Under: Accounts Receivable
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Q:

A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at cost price, the profit % ?

A) 22.5% B) 25%
C) 20% D) 33.33%
 
Answer & Explanation Answer: B) 25%

Explanation:

As water costs free, water sold at cost price of milk gives the profit.

Required profit % = 5/20 x 100 = 5 x 5 = 25%.

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Filed Under: Alligation or Mixture
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Q:

Solve this number puzzle?

Number_puzzle_41538031779.jpg image

A) 111 B) 121
C) 1111 D) 0
 
Answer & Explanation Answer: B) 121

Explanation:

Given 

1 = 1 => 1 x 11 = 11

2 = 22 => 2 x 11 = 22

3 = 33 => 3 x 11 = 33

...

...

Similarly,

11 => 11 x 11 = 121.

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Filed Under: Number Puzzles
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Q:

Which of the following processes is endothermic?

A) Melting of ice B) Mixing of potassium chloride with water
C) Photosynthesis D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

The process which involves absorption of heat is endothermic.

Here given all the options are involving in absorption of heat. Hence, all the above are endithermic.

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Filed Under: Chemistry
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Q:

What group of animals is called a congress?

A) Lions B) Baboons
C) Tigers D) Sheep
 
Answer & Explanation Answer: B) Baboons

Explanation:

what_group_of_animals_is_called_a_congress1538029838.jpg image

Group of baboons together is called a congress.

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Filed Under: General Awareness
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Q:

What time of year do squirrels build nests?

A) summer B) winter
C) rainy D) monsoon
 
Answer & Explanation Answer: A) summer

Explanation:

What_time_of_year_do_squirrels_build_nests1538028815.jpg image

Squirrels build their nests in summer season as the sticks with what they bulit are dried and are less weight and the nests will be used for the rainy season.

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Filed Under: Animals and Birds
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Q:

Which of the following can increase your credit card’s APR?

A) making credit card payments B) missing credit card payments
C) not using credit card for long time D) All of the above
 
Answer & Explanation Answer: B) missing credit card payments

Explanation:

APR means Annual Percentage Rate. Creditcards apr can be increased when you missed credit card payments.

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Filed Under: Bank Interview
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Q:

Try the logical puzzle?

logical_puzzle1538026382.jpg image

A) 24 B) 25
C) 13 D) 12
 
Answer & Explanation Answer: C) 13

Explanation:

The man has 12 sons and the 12 sons has each one sister.

=> 12 sons + 1 sister = 13 children.

 

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Filed Under: Logic Puzzles
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