Bank Exams Questions

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To find the sum of first 10 prime numbers

First 10 prime numbers = 2, 3, 5, 7, 11, 13, 17, 19, 23, 29

Hence, The sum of the first 10 prime numbers is

(2+3+5+7+11+13+17+19+23+29) = 129 (ODD Number).

Donald John Trump (born June 14, 1946) is an American businessman, television personality, politician, and the 45th President of the United States.

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.

Cronyism is the practice of partiality in awarding jobs and other advantages to friends, family relatives or trusted colleagues, especially in politics and between politicians and supportive organizations.

The Accountant typically prepares the Bank Reconciliation Statement using all transactions.

Bank Reconciliation Statement :

Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement. This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger.

The process of arranging any items in a systematic manner in a logical sequence is called as Sorting. It can be of two types :

1. Ordering

Arranging items following some criterion like ascending or descending order

2. Categorizing

Grouping items with similar properties together.

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

Fertilization is the process in which a single haploid sperm fuses with a single haploid egg fuse to form a zygote.  

An animal zygote under go mitosis and divides to form a hallow ball of cells called blastula.