Bank Exams Questions

Q:

In a certain code language, “MAGNET” is written as “WHQJDP”. How is “FRAUDS” written in that code language?

A) FXRVMK B) VGXDUI
C) XDUIGT D) TMKRDU
 
Answer & Explanation Answer: B) VGXDUI

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

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Q:

Introducing a man, a woman says, "He is the son-in-law of the wife of my father and I am the only child of my parents". How is the man related to the woman?

A) Nephew B) Husband
C) Brother-in-law D) Cousin
 
Answer & Explanation Answer: B) Husband

Explanation:
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Filed Under: Blood Relations
Exam Prep: Bank Exams

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Q:

Preetam cycles 6 km towards the south direction. He turns right to move 8 km, and again turns towards the north­-east to move 10 km. From there, he moves 15 km on the left. How far is he from his original position?

A) 15 km B) 10 km
C) 55 km D) 65 km
 
Answer & Explanation Answer: A) 15 km

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Filed Under: Direction Sense Test
Exam Prep: Bank Exams

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Q:

If 2x + 3y – 5z = 18, 3x + 2y + z = 29 and x + y + 3z = 17, then what is the value of xy + yz + zx?

A) 32 B) 52
C) 64 D) 46
 
Answer & Explanation Answer: B) 52

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Filed Under: Simplification
Exam Prep: Bank Exams

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Q:

In union terms, a direct strike occurs

A) when people refuse to patronize companies that handle products of struck companies B) when an organized body of workers withholds its labor to force the employer to comply with its demands
C) when union members and their supporters refuse to buy products from a company being struck D) when workers who have no particular grievance of their own and who may or may not have the same employer decide to strike in support of others
 
Answer & Explanation Answer: B) when an organized body of workers withholds its labor to force the employer to comply with its demands

Explanation:

A direct strike occurs when an organized body of workers withholds its labor to force the employer to comply with its demands.

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

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Q:

National Tourism Day is celebrates every year in India on?

A) Jan 25 B) Jan 27
C) Jan 29 D) Jan 31
 
Answer & Explanation Answer: A) Jan 25

Explanation:
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Filed Under: Important Days and Years
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Dakshayani, which is in news recently, is a/an

A) Plant B) Animal
C) River D) Train
 
Answer & Explanation Answer: B) Animal

Explanation:

Dakshayani, which is in news recently, is an Animal (She - elephant).

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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:

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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