Bank Exams Questions

Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 2 B) 3
C) 4 D) 5
 
Answer & Explanation Answer: A) 2

Explanation:

Amount = Rs. (30000 + 4347) = Rs. 34347

(1+7/100)^n=34347

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Filed Under: Compound Interest
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Q:

What is the middle name of Sourav Ganguly?

A) Chandidas B) Karamdas
C) Karamchand D) Mohandas
 
Answer & Explanation Answer: A) Chandidas

Explanation:

Sourav Chandidas Ganguly was a former Indian Cricket team captain mostly called as DADA.

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Filed Under: Sports
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Q:

Which sentence is written correctly?

A) Ms. Praveena showed us a documentary in class today because the film, "focuses on a similar subject" to a book we are going to read. B) Ms. Praveena showed us a documentary in class today because the film "focuses on a similar subject" to a book we are going to read.
C) Ms. Praveena showed us a documentary in class today because the film, "Focuses on a similar subject" to a book we are going to read. D) Ms. Praveena showed us a documentary in class today because the film "Focuses on a similar subject" to a book we are going to read.
 
Answer & Explanation Answer: A) Ms. Praveena showed us a documentary in class today because the film, "focuses on a similar subject" to a book we are going to read.

Explanation:
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Filed Under: Alphabet Test
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Q:

The Orchid Paradise in India is

A) Andhra Pradesh B) Meghalaya
C) Arunachal Pradesh D) Rajasthan
 
Answer & Explanation Answer: C) Arunachal Pradesh

Explanation:

Arunachal Pradesh is called The Orchid Paradise in India.

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Filed Under: Indian Geography
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Q:

To slap with a flat object

A) Gnaw B) Chop
C) Swat D) Hew
 
Answer & Explanation Answer: C) Swat

Explanation:

The one word substitute for To slap with a flat object is SWAT.

 

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Filed Under: English
Exam Prep: Bank Exams , GRE

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Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

Explanation:

m=j/i

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Filed Under: Compound Interest
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Q:

Which of the following vitamins are water soluble?

A) Vitamins B & C B) Vitamins K, D & C
C) Vitamins A, D & K D) Vitamins A, K, B, C & D
 
Answer & Explanation Answer: A) Vitamins B & C

Explanation:

Vitamins are essential nutrients found in foods. They perform specific and vital functions in a variety of body systems, and are crucial for maintaining optimal health.

 

The two different types of vitamins are fat-soluble vitamins and water-soluble vitamins.

 

Fat-soluble vitamins :

 Vitamins A, D, E and K — dissolve in fat before they are absorbed in the bloodstream to carry out their functions. Excesses of these vitamins are stored in the liver, and are not needed every day in the diet.

 

Water-soluble vitamins :

Vitamins dissolve in water and are not stored by the body. Since they are eliminated in urine, we require a continuous daily supply in our diet. The water-soluble vitamins include the vitamin B-complex group and vitamin C.

 

Water-soluble vitamins are easily destroyed or washed out during food storage or preparation.

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Filed Under: Chemistry
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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
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