Bank Exams Questions

Q:

Who invented Bifocal Lens?

A) John Adams B) Benjamin Franklin
C) James Madison D) Thomas Jefferson
 
Answer & Explanation Answer: B) Benjamin Franklin

Explanation:

Benjamin Franklin has long been credited with the invention of bifocal lenses and he was the first to wear bifocal lenses. He did not produce them himself but instead had some optician in London or France make them for him to overcome Presbyopia, a condition that Franklin suffered. He was tired switching between lenses for far and near sightedness. And that resulted in inventing Bifocal Lenses.

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Filed Under: Inventions
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Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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Filed Under: Compound Interest
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Q:

First and Last Indian viceroys of India?

A) Lord Mountbatten B) C Raj Gopalachari
C) Bal Gangadhar Tilak D) Lala Lajpath Rai
 
Answer & Explanation Answer: B) C Raj Gopalachari

Explanation:

The First and Last Indian viceroys of India is C. Raj Gopalachari. 

First_and_Last_Indian_viceroys_of_India1548915645.jpg image

Chakravarti Rajagopalachari, informally called Rajaji or C.R., was an Indian politician, independence activist, lawyer, writer, historian and statesman. Rajagopalachari was the last Governor-General of India, as India soon became a Republic in 1950.

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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

A check returned by the bank marked nsf means

A) Cheque has been forged B) Cheque can't be cashed being illegal
C) There are not sufficient funds in your accoun D) Bank can't verify your identity
 
Answer & Explanation Answer: C) There are not sufficient funds in your accoun

Explanation:

NSF means - Not Sufficient Funds.

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Entrepreneurship as a theory of business was propounded by

A) Thomas A. Coleman B) Joseph A. Schumpeter
C) Adam Smith D) Douglas McGregor
 
Answer & Explanation Answer: B) Joseph A. Schumpeter

Explanation:

Entrepreneurship as a theory of business was propounded by Joseph. A. Schumpeter.

 

Schumpeter’s Innovation Theory of Profit :


Definition:  The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The ratio of two positive numbers is 3 : 5 and the average of the number is 48. What is the product of numbers?

A) 3365 B) 2160
C) 1854 D) 1632
 
Answer & Explanation Answer: B) 2160

Explanation:

Let the number be 3p and 5p

ATQ,

8p = 2 x 48

p = 96/8

p = 12

 

The numbers are 36 and 60.

 

Hence, the product of the numbers = 36 x 60 = 2160.

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Q:

How many such pairs of letters are there in the word ORDINAL each of which has as many letters between them in the word as in the English alphabet?

A) None B) One
C) Two D) Three
 
Answer & Explanation Answer: D) Three

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
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Q:

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

A) 2years B) 3years
C) 4years D) 5years
 
Answer & Explanation Answer: C) 4years

Explanation:

T = (100 x I)/ (P x r)

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Filed Under: Simple Interest
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