Bank Clerk Questions


Q:

What is the objective of Financial Reporting?

Answer

Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies.


Financial Reporting is very important and critical task of an organization. It is vital part of Corporate Governance.


 


The objectives & purposes of financial reporting :–


 


* Providing information to management of an organization which is used for the purpose of planning, analysis, benchmarking and decision making.


 


* Providing information to investors, promoters, debt provider and creditors which is used to enable them to male rational and prudent decisions regarding investment, credit etc.


 


* Providing information to shareholders & public at large in case of listed companies about various aspects of an organization.


 


* Providing information about the economic resources of an organization, claims to those resources (liabilities & owner’s equity) and how these resources and claims have undergone change over a period of time.


 


* Providing information as to how an organization is procuring & using various resources.


 


* Providing information to various stakeholders regarding performance management of an organization as to how diligently & ethically they are discharging their fiduciary duties & responsibilities.


 


* Providing information to the statutory auditors which in turn facilitates audit.


 


* Enhancing social welfare by looking into the interest of employees, trade union & Government.

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Subject: Finance Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1761
Q:

Space Application Centre (SAC) is located at which place?

A) Ahmadabad B) Trivandrum
C) Hyderabad D) Mumbai
 
Answer & Explanation Answer: A) Ahmadabad

Explanation:

Space Applications Centre (SAC) is one of the major centres of the Indian Space Research Organisation (ISRO) which is located in Ahmadabad.

 

SAC focuses on the design of space-borne instruments for ISRO missions and development and operationalisation of applications of space technology for societal benefits. The applications cover communication, broadcasting, navigation, disaster monitoring, meteorology, oceanography, environment monitoring and natural resources survey.

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

1 1760
Q:

Who among the following repealed the Vernacular Press Act?

A) Lord Dufferin B) Lord Lytton
C) Lord Lansdowne D) Lord Ripon
 
Answer & Explanation Answer: B) Lord Lytton

Explanation:
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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 1760
Q:

Light passes through the following structures in which order?

A) Cornea, Pupil, Lens and Retina B) Cornea, Retina, Lens and Pupil
C) Retina, Lens, Pupil and Cornea D) None of the above
 
Answer & Explanation Answer: A) Cornea, Pupil, Lens and Retina

Explanation:

From the cornea, the light passes through the pupil. From there, it then hits the lens, the transparent structure inside the eye that focuses light rays onto the retina. The iris, or the colored part of your eye, regulates the amount of light passing through. 

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

1 1760
Q:

Consumer surplus arises in a market because

A) some consumers are willing to pay more than the equilibrium price but do not need to do so B) some consumers are willing to pay less than the equilibrium price but do not need to do so
C) at market price, the quantity demanded is less than the quantity supplied D) at market price, the quantity demanded is greater than the quantity supplied
 
Answer & Explanation Answer: A) some consumers are willing to pay more than the equilibrium price but do not need to do so

Explanation:
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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

1 1760
Q:

Patagonia is well suited for what kind of agricultural activity?

A) raising sheep B) cultivating coffee
C) growing bananas D) grazing cattle
 
Answer & Explanation Answer: A) raising sheep

Explanation:

Patagonia is well suited for raising sheep. Patagonia is a region in South America comprises the southern section of the Andes mountains and the deserts, pampas and grasslands to the east.

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 1759
Q:

Which country has the oldest National Flag?

A) Denmark B) Japan
C) India D) China
 
Answer & Explanation Answer: A) Denmark

Explanation:

Denmark has the oldest National Flag.

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Filed Under: World History
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

0 1759
Q:

Short term side effects of alcohol and other drugs include

A) Temporary blindness B) Disrupted sleep
C) Forgetfulness D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Short term side effects of alcohol and other drugs include forgetfulness, temporary blindness and disrupted sleep.

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

1 1759