Bank Exams Questions

Q:

What is the objective of Financial Reporting?

Answer

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.


Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.


 


The objectives & purposes of financial reporting :–


 


* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.


 


* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.


 


* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.


 


* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.


 


* Providing information as to how an organization is procuring & using various resources.


 


* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.


 


* Providing information to the statutory auditors which in turn facilitates audit.


 


* Enhancing social welfare by looking into the interest of employees, trade union & Government.

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Subject: Finance Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

How important is positive attitude to you ?

Answer

With a positive attitude you see the bright side of life, become optimistic, and expect the best to happen. It is certainly a state of mind that is well worth developing. Not only it enriches one’s experience of life, but it also paves the way for self-development leading one towards attaining the desired results. As regards employment, it is a valuable thing to maintain positive attitude. Whether you are a manager or a subordinate, maintaining positive attitude in the work place brings lots of benefits while allowing you to fulfill your objectives successfully.
A positive frame of mind can help you in many ways, such as:
- Making you feel inspired.
- Identification.
- Believing in yourself and in your abilities.
- You look for solutions, instead of dwelling on problems.
- The most important thing is building relations.

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Q:

Manoj can do a piece of work in 42 hours. If he is joined by Jayashree who is 100% more efficient, in what time they will finish the work together?

A) 7 hours B) 3.5 hours
C) 14 hours D) 2.5 hours
 
Answer & Explanation Answer: C) 14 hours

Explanation:
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Filed Under: Time and Work
Exam Prep: Bank Exams

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Q:

In a triangle the length of the side opposite the angle which measures 30 degree is 12 cm, what is the length of the side opposite to the angle which measures 60 degree?

A) 9 cm B) 12√3 cm
C) (15√3)/2 cm D) (9√3)/2 cm
 
Answer & Explanation Answer: B) 12√3 cm

Explanation:
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Filed Under: Area
Exam Prep: Bank Exams

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Q:

The costs of daily ticket of local train is Rs 130 and Monthly Pass costs Rs 3091.40. If I buy the Monthly Pass and travel for 29 days in a month than I save (in percentage)?

A) 16 percent B) 18 percent
C) 15 percent D) 14 percent
 
Answer & Explanation Answer: B) 18 percent

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

Which of the following most impacts your credit score?

A) Payment History B) Paying off your credit card bill
C) credit card bill due D) All of the above
 
Answer & Explanation Answer: B) Paying off your credit card bill

Explanation:

Paying off your credit card bill most impacts your credit score.

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

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Q:

Which bank introduced Repo Rate linked home loan recently?

A) SBI B) HDFC
C) Axis D) ICICI
 
Answer & Explanation Answer: A) SBI

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

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Q:

A bookseller bought 500 text books for  20,000. He wanted to sell them at a profit so that he get 50 books free. At what profit percent should he sell them?

A) 10 B) 20
C) 15 D) 10.5
 
Answer & Explanation Answer: A) 10

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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