Bank Exams Questions

Q:

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A) 22681.19 B) 23456
C) 44577 D) 25685
 
Answer & Explanation Answer: A) 22681.19

Explanation:

 

 

S=R[(1+i)^n-1)/i]

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

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Q:

What is 'Three-Way Match' refers in Acconting ?

Answer

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices.


Here Three-way refers to the three documents involved :


* Vendor's invoice which was received and will become part of an organization's accounts        payable if approved.


* Purchase order that was prepared by the organization.


* Receiving report that was prepared by the organization.


And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received.


After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Vineet is taller than Raman but shorter than Jyoti. Sumit is the shortest. Deepak is taller than Sumit but shorter than Raman. Who is the tallest?

A) Jyoti B) Raman
C) Vineet D) Deepak
 
Answer & Explanation Answer: A) Jyoti

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

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Q:

Protagonist is to heroine as clothing is to

A) Jeans B) Villain
C) Hero D) Shopping
 
Answer & Explanation Answer: A) Jeans

Explanation:

Protagonist and heroine are synonums to each other. Similarly, clothing and jeans are synonyms to each other in the given options. 

 

Hence, Protagonist is to heroine as clothing is to jeans.

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

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Q:

Which of the following elements has the lowest electronegativity

A) Bromine B) Fluorine
C) Carbon D) Lithium
 
Answer & Explanation Answer: D) Lithium

Explanation:

Electronegativity is the tendency for an atom to attract electrons. There are general trends on the periodic table which you can use to determine the relative electronegativity for different elements, but otherwise you can also look at their valence shell and effective nuclear charge to determine their relative electronegativity.

 

Here from the given options, Lithium has least tendency to attract electrons and thus has a lower electronegativity.

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

1 2848
Q:

A kiddy bank of a child contains all Rs. 1, 50 paise and 25 paise coins. What is the total amount in the bank ?
(1) Total number of coins are 20
(2) The number of 50 paise and 25 paise coins are in the ratio of 7:3.

A) only 1 is needed B) only 1 is needed
C) Both and 2 are needed D) None
 
Answer & Explanation Answer: C) Both and 2 are needed

Explanation:

Given that 50 paise and 25 paise coins are in the ratio of 7:3, they can be either 7 & 3 or 14 & 6.
As total 20 coins also includes Rs. 1 coins, so 50 paise & 25 paise coins are 7 & 3 respectively & Rs. 1 coins are 10.
Total amount = (100x10) + (50x7) + (25x3)=1425 paise or Rs.14.25.

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams , CAT
Job Role: Bank PO

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Q:

Select the antonym of

to condemn

 

A) to decry B) to laud
C) to reprobate D) to proscribe
 
Answer & Explanation Answer: B) to laud

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Arrange the given words in the sequence in which they occur in the dictionary.

1. Charge

2. Character

3. Chemist

4. Cheap

5. Check

 

A) 21453 B) 12345
C) 35241 D) 23451
 
Answer & Explanation Answer: A) 21453

Explanation:
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Filed Under: Logical Sequence of Words
Exam Prep: Bank Exams

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