Bank Exams Questions

Q:

Commercial banks are funded through which of the following?

A) Stock holders B) Government funding
C) Services D) Customer deposits
 
Answer & Explanation Answer: D) Customer deposits

Explanation:

A commercial bank is a type of financial institution that accepts deposits, offers checking account services, makes business, personal and mortgage loans, and offers basic financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses. A commercial bank is where most people do their banking, as opposed to an investment bank.

 

Commercial banks are funded through customer deposits. These banks make money by providing loans and earning interest income from those loans. The types of loans a commercial bank can issue vary and may include mortgages, auto loans, business loans and personal loans. A commercial bank may specialize in just one or a few types of loans.

 

Customers who deposit money into these accounts effectively lend money to the bank and are paid interest. However, the interest rate paid by the bank on money they borrow is less than the rate charged on money they lend.

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

0 3410
Q:

Calculate the effective interest rate compounded quarterly of a 13% annual rate.

A) 13.65% B) 14.665%
C) 15.65% D) 16.65%
 
Answer & Explanation Answer: A) 13.65%

Explanation:

E=(1+i/n)^n-1

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

Which article of the Indian Constitution deals with the creation of All India Services?

A) 315 B) 313
C) 312 D) 311
 
Answer & Explanation Answer: C) 312

Explanation:

312-Article of the Indian Constitution deals with the creation of All India Services.

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

2 3409
Q:

Sum of two numbers is 44. One number is 3 times as large as the other. What are the numbers?

A) 11 and 4 B) 3 and 11
C) 11 and 33 D) 40 and 4
 
Answer & Explanation Answer: C) 11 and 33

Explanation:

Let the smaller number be 'm'

Then, from the given data, the larger number is '3m'

Given that m + 3m = 44

=> 4m = 44

m = 44/4 = 11

=> m = 11

=> 3m = 3 x 11 = 33

 

Hence, the two numbers are 11 and 33.

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Filed Under: Problems on Numbers
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Q:

Name the Asian country that has 1st time turned around from a Net importer of electricity to Net Exporter of electricity, as per Central Electricity Authority of the country.

A) India B) Bangladesh
C) Myanmar D) Pakistan
 
Answer & Explanation Answer: A) India

Explanation:

As per Central Electricity Authority, the Designated Authority of Government of India for Cross Border Trade of Electricity, 1st time 'India' has turned around from a net importer of electricity to Net Exporter of electricity.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

2 3408
Q:

Which term is a type of detail?

A) chronology B) prose
C) style D) statistic
 
Answer & Explanation Answer: A) chronology

Explanation:

In chronology, the sequence of events from the latest to the oldest events or vice versa is laid. In this case, the details of how a particular event or place or thought developed through time is detailed in a chronology. 

 

Hence, the term chronology is a type of detail.

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Filed Under: Alphabet Test
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4 3408
Q:

In a certain code language, "NUMBER" is written as "156897" and "BARREN" is written as "847791". How is "RUBBER" written in that code language?

A) 759597 B) 758897
C) 795957 D) 795579
 
Answer & Explanation Answer: B) 758897

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

1 3408
Q:

An oil refinery buys oil at Rs 3600 per barrel. There is 10% wastage. If the refinery wants to earn 5% profit then at what price should it sell including 8% tax on selling price? (in Rs per barrel)

A) 3674 B) 3711
C) 4219 D) 4536
 
Answer & Explanation Answer: D) 4536

Explanation:
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Filed Under: Average
Exam Prep: Bank Exams

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