Exams


Q:

Financial reports are used by

A) Investors B) Creditors
C) Market Analysts D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Financial reports are used for monitoring and controlling the movement of cash into and out of a business. They are used to communicate relevant, reliable and understandable information about the business that can be used by managers, analysts, investors to make decisions. 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

 

Statement:

(I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously.

 

Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.

 

A) Only conclusion II follows B) Conclusion I and II both follow
C) Neither I nor II follow D) Only conclusion I follows
 
Answer & Explanation Answer: C) Neither I nor II follow

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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Q:

In the question two statements are given, followed by two conclusions, I and II. You have to consider the statements to be true even if it seems to beat variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

 

Statement I: All potatoes are chips

Statement II: All french fries are potatoes

 

Conclusion I: No chips are french fries

Conclusion II: Some french fries are chips

 

A) Only conclusion I follows B) Only conclusion II follows
C) Both conclusions I and II follow D) Neither conclusion I nor conclusion II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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Q:

The public debt is the

A) total amount borrowed by the government of a country B) The funds raised for a cause in the country
C) the tax amount overall the country D) none
 
Answer & Explanation Answer: A) total amount borrowed by the government of a country

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

The weights of 4 boxes are 90, 30, 40 and 60 kilograms. Which of the following cannot be the total weight, in kilograms, of any combination of these boxes and in a combination a box can be used only once?

A) 200 B) 220
C) 180 D) 130
 
Answer & Explanation Answer: A) 200

Explanation:
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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams

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Q:

Which of the following taxes is levied by the State Government only?

A) Wealth tax B) Entertainment tax
C) Income tax D) Gift tax
 
Answer & Explanation Answer: B) Entertainment tax

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

When was the ASLV used in India for the first time?

A) 1980 B) 1987
C) 1994 D) 2000
 
Answer & Explanation Answer: B) 1987

Explanation:
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Filed Under: General Science
Exam Prep: Bank Exams

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Q:

Two identical resistors of 20 ohm each are connected in parallel. This combination, in turn, is connected to a 10 ohm resister. The equivalent resistance of the combination will be

A) 30 ohm B) 10 ohm
C) 5 ohm D) 20 ohm
 
Answer & Explanation Answer: A) 30 ohm

Explanation:
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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams

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