Questions

Q:

Choose the option that best captures the essence of the text.
Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.

A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them. B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them. D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
 
Answer & Explanation Answer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.

Explanation:

The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

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Filed Under: English
Exam Prep: CAT , GRE , TOEFL

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Q:

Incapable of being seen through

A) Transparant B) Ductile
C) Opaque D) Portable
 
Answer & Explanation Answer: C) Opaque

Explanation:

Incapable of being seen through is Opaque in nature.

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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:

I jump when i walk and sit when i stand, who am I?

Answer

Kangaroo.

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Q:

What is Trial Balance?

Answer

It is statement of balances of all the accounts in the ledger prepared to prove the arithmetical accuracy of the books of accounts.


A trial Balance is a list of Debit and Credit or a list of Debit & Credit Balance of all the ledger accounts prepared on any particular date

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Subject: Finance

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Q:

Can anyone solve this in 20 seconds?

Answer

3 + 5 + 6  = 151872


3x5, 3x6, Rev of (3x5 + 3x6 - 6) 


 


5 + 5 + 6  = 253094


5x5, 5x6, Rev of (5x5 + 5x6 - 6)


 


Similarly,


9x4 = 36


9x7 = 63


So 36 + 63 = 99


From 99 - 7 =  92


Reverse of 92=29


 


Hence, 9 + 4 + 7 =  366329.

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Subject: Math Puzzles Exam Prep: Bank Exams
Job Role: Bank Clerk , Bank PO

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Q:

Where is the headquaters of the UNESCO

A) New Delhi B) London
C) Paris D) New York
 
Answer & Explanation Answer: C) Paris

Explanation:
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Filed Under: World Organisations

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Q:

Which country is associated with the 'Jesuit School'?

A) Spain B) France
C) Germany D) England
 
Answer & Explanation Answer: A) Spain

Explanation:

In Spain, where there were no protestants, a soldier named lgnatius Loyola started an organisation for clergymen to work wholly as 'soldiers of jensus' in the service of the Church. Its members came to be called jesuits. They went from place to place and won back followers in France and Germany. They established missions in india, china, Africa and the Americas to gain new adherents. The Jesuit Schools which they started to strengthen the Roman Catholic  Church are still in existence in many countries of the world.

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Filed Under: World History

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Q:

The animals in which the body cavity is absent are known as __________.

A) Coelomates B) Wild
C) Pseudocoelomates D) Acoelomates
 
Answer & Explanation Answer: D) Acoelomates

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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