Bank Exams Questions

---

Surekha Marandi has been appointed as the new Executive Director (ED) of Reserve Bank of India (RBI). She succeeded U S Paliwal, who retired on December 31, 2016.

Private sector lender HDFC Bank has made online fund transfer through RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) free with effect from November 1, with an aim to promote digital economy.

According to the revised charges, customers of savings and salary accounts of HDFC Bank will not have to pay any charge for transferring funds online using its RTGS and NEFT facilities.

Paging is a memory management technique in which process address space is broken into blocks of the same size called pages.

In the figure, there are 21 columns containing 2 cubes each and 4 columns containing 1 cube each. 

∴Total number of cubes = (21 x 2) + (4 x 1) = 42 + 4 = 46.

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

r=I/pt=21.73%

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

savings would be $20 000 − $19 752.33 = $247.67

An anti-lock braking system (ABS) is a safety anti-skid braking system used on aircraft and on land vehicles , such as cars, motorcycles, trucks and buses.

ABS is only on the front wheels and it can improve your ability and the stability of your car by keeping the front wheels from locking under severe braking it will allow the wheels to continue to roll so the car can stop straight and stop as safe and as soon as possible