Bank Clerk Questions


Q:

Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children’s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ?

A) Rs. 34000 B) Rs. 31245
C) Rs. 24315 D) Rs. 28000
 
Answer & Explanation Answer: D) Rs. 28000

Explanation:

Let the monthly salary of Shankar be = Rs.x
Amount invested on expenditure = 25% = x/4;
Remaning amount = 3x/4;
Amount invested on children education = 20% i.e = 3x/20;
Remaining amount = 3x/4 - 3x/20 = 3x/5;
Remaining amount invested in three different schemes i.e is 1/3(3x/5)
=> x/5 = 5600
Therefore x = 28000
Hence, Monthly salary of Shankar is Rs. 28,000.

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

6 4570
Q:

The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

A) Fund B) Fast
C) Financial D) First
 
Answer & Explanation Answer: C) Financial

Explanation:

IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India :

1. RTGS - The Real Time Gross Settlement  (and)

2. NEFT - The National Electronic Fund Transfer (NEFT) systems.

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

14 4568
Q:

India's largest telecom operator Bharti Airtel announced a partnership with __________ to provide cyber security solutions to businesses in India.

A) Symantec Corp B) Mimecast
C) Cisco D) Raytheon
 
Answer & Explanation Answer: A) Symantec Corp

Explanation:
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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 4567
Q:

Who invented Dynamite?

A) Graham Bell B) Nikola Tesla
C) Alfred Nobel D) Louis Pateur
 
Answer & Explanation Answer: C) Alfred Nobel

Explanation:

Alfred Bernhard Nobel was a Swedish chemist, engineer, inventor, businessman, and philanthropist. Known for inventing Dynamite, Nobel also owned Bofors, which he had redirected from its previous role as primarily an iron and steel producer to a major manufacturer of cannon and other armaments.

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

6 4562
Q:

The total of the ages of Ashok, Akbar and Anil is 65 years. What was the total of their ages six years ago ?

A) 59 B) 43
C) 57 D) 47
 
Answer & Explanation Answer: D) 47

Explanation:

Let their ages be x, y, z
Hence given that x + y + z = 65
Now, six years ago x age is x - 6, y is y - 6 and that of z is z - 6
Then the sum of their ages six years ago is (x + y + z) - (6 + 6 + 6) = 65 - 18 = 47

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

3 4562
Q:

What does this symbol mean '&'?

A) Caret B) Bar
C) Ampersand D) Reversed Caret
 
Answer & Explanation Answer: C) Ampersand

Explanation:

'&' is a Logical Symbol and is called as Ampersand.

 

^ is called Caret

- is called Bar

v is called Reversed Caret.

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Filed Under: Analytical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk

17 4560
Q:

Which of the following is true of VoIP?

A) It uses the public switched telephone network. B) Skype is an example of VoIP software.
C) It uses a slow speed dial-up connection. D) All of the above
 
Answer & Explanation Answer: B) Skype is an example of VoIP software.

Explanation:

VOIP is an acronym for Voice Over Internet Protocol, or in more common terms phone service over the Internet.

 

Voice over Internet Protocol is a category of hardware and software that enables people to use the Internet as the transmission medium for telephone calls by sending voice data in packets using IP rather than by traditional circuit transmissions of the PSTN.

 

Here in the given options, Skype is the only voice service that enables us to talk over internet.

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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
Job Role: Analyst , Bank Clerk , Bank PO

6 4558