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Bank Clerk Questions

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Q:

The journal entry to record a credit sale is

A) Accounts Receivable B) Accounts Payable
C) Both A & B D) None of the above
 
Answer & Explanation Answer: A) Accounts Receivable

Explanation:

The journal entry to record a credit sale is Accounts Receivable. Credit sale is nothing butthe customers pay at the time of buying.

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

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Q:

If the true discount on sum due 2 years hence at 14% per annum be Rs. 168, the sum due is

A) Rs. 600 B) Rs. 768
C) Rs. 878 D) Rs. 668
 
Answer & Explanation Answer: B) Rs. 768

Explanation:

We know that,

P.W = 100×T.D/R×T

= 100×168/14×2

P.W = 600.

 

Now, required Sum = (P.W. + T.D.)

= Rs. (600 + 168)

= Rs. 768.

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

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Q:

What has no beginning, end or middle?

Answer

A Donut or Doughnut. Anything in the shape of a torus.

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Subject: Word Puzzles Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

3 2245
Q:

The purpose of safety stock is to

A) eliminate the possibility of a stockout B) control the likelihood of a stockout due to the variability of demand during lead time
C) replace failed units with good ones D) eliminate the likelihood of a stockout due to erroneous inventory tally
 
Answer & Explanation Answer: B) control the likelihood of a stockout due to the variability of demand during lead time

Explanation:

The purpose of safety stock is to control the likelihood of a stockout due to the variability of demand during lead time. Stockouts contribute to the direct loss of any type of business.

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

4 2244
Q:

In how many different ways can the letters of the word 'RITUAL' be arranged?

A) 720 B) 5040
C) 360 D) 180
 
Answer & Explanation Answer: A) 720

Explanation:

The number of letters in the given word RITUAL = 6

Then, 

Required number of different ways can the letters of the word 'RITUAL' be arranged = 6!

=> 6 x 5 x 4 x 3 x 2 x 1 = 720

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

11 2244
Q:

When you need me, you throw me away. But when you're done with me, you bring me back. What am I ?

Answer

An Anchor.

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

10 2243
Q:

The study of trees is called

A) Histology B) Andreology
C) Sistology D) Dendrology
 
Answer & Explanation Answer: D) Dendrology

Explanation:

The study of trees is called Dendrology.

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

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Q:

Which cartoon characters were created by William Hanna and Joseph Barbara in 1940?

A) Oswald & Noddy B) Tom & Jerry
C) Mickey mouse & Sylvester D) Donald duck & Tweety
 
Answer & Explanation Answer: B) Tom & Jerry

Explanation:

Tom Cat and Jerry Mouse were the two cartoon characters created by William Hanna and Joseph Barbara in 1940.

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Filed Under: Famous Personalities
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

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