Bank Clerk Questions


Q:

What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?

a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.

b. Q joined four months after the start of business.

c. Q's amount was 80% of P's amount during the last six months.

A) Only a B) Only c
C) Both a & b D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

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

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Q:

The main use of salt in the diet is to

the_main_use_of_salt_in_the_diet_is_to1552126680.jpg image

A) produce in small amounts the hydrochloric acid required for the digestion of food B) increase the solubility of food particles in water
C) make the taste of food better D) ease the process of cooking
 
Answer & Explanation Answer: A) produce in small amounts the hydrochloric acid required for the digestion of food

Explanation:

The main use of salt in the diet is to produce in small amounts the hydrochloric acid required for the digestion of food.

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

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Q:

The first step in solving an Ethical Dilemma is to

A) identify the alternatives B) identify an etical situation and ethical issues involved
C) weigh the impact of each alternative on various stakeholders. D) recognize and analyze the principal elements in the situation.
 
Answer & Explanation Answer: B) identify an etical situation and ethical issues involved

Explanation:
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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Which action is an example of domestic policy?

A) The Supreme Court strikes down a law that bans importing inefficient automobiles B) A governor decides against running for a second term
C) The president negotiates a peace treaty between two warring nations D) Congress passes a law that grants tax credits for installing solar panels
 
Answer & Explanation Answer: A) The Supreme Court strikes down a law that bans importing inefficient automobiles

Explanation:

Domestic policy is an area of public policy which concerns laws, government programs, and administrative decisions which are directly related to all issues and activity within a nation's borders.

It differs from foreign policy, which refers to the ways a government advances its interests in world politics.

 

Hence, Option A, The Supreme Court strikes down a law that bans importing inefficient automobiles is an example of domestic policy action.

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

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Q:

Trips and Trims are the terms associated with

A) IBRD B) WTO
C) IDA D) IMF
 
Answer & Explanation Answer: B) WTO

Explanation:

TRIM "Trade-related Investment Measures", an agreement within the Uruguay round trade negotiations.

TRIPS "TRADE-RELATED ASPECTS OF INTELLECTUAL PROPERTY RIGHTS, is an international legal agreement between all the member nations of the World Trade Organization (WTO).

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The antiseptic compound present in dettol is

A) Biothional B) Cresol
C) Iodine D) Enloroxylenol
 
Answer & Explanation Answer: D) Enloroxylenol

Explanation:

The antiseptic compound present in dettol is Enloroxylenol.

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Filed Under: General Science
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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

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Q:

The Opium war id held between which two countries  ?

A) England and France B) China and Russia
C) Russia and England D) China and England
 
Answer & Explanation Answer: D) China and England

Explanation:

The Opium Wars were two wars in the mid-19th century involving Anglo-Chinese disputes over British trade in China and China’s sovereignty. The disputes included the First Opium War (1839–1842) and the Second Opium War (1856–1860).

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Filed Under: World History
Exam Prep: Bank Exams , CAT
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