Bank Clerk Questions


Q:

What is reconciliation ?

Answer

You should have recorded in your cash books all amounts you have actually received and payments you have actually made. However the cash books may be incomplete as your bank may have put extra transactions through your account such as:


► bank fees or interest charges
► direct debits (payments) and direct credits (receipts).


Doing a regular bank reconciliation will allow you to:


► take into account any extra transactions your bank puts through your account and
► check and record any errors or omissions.


By regularly doing a bank reconciliation (say monthly) you can be more confident that your records contain all the information you need to prepare your income tax return and activity statements.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

Conductivity in a metal results from the metal atoms having

A) highly mobile electrons in the valence shell B) high electronegativity
C) high ionization energy D) highly mobile protons in the nucleus
 
Answer & Explanation Answer: A) highly mobile electrons in the valence shell

Explanation:

The outer most electrons that are free to move are called valency electrons that are responsible for the conductivity in the metal atoms.

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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:

Saving accounts usually offer ___ interest rates than checking accounts.

A) Higher B) Lower
C) Equal D) None
 
Answer & Explanation Answer: A) Higher

Explanation:

A savings account is the most basic type of account at a bank or credit union, allowing you to deposit money, keep the funds safe, and withdraw funds as needed. Savings accounts typically pay interest on your deposits, which helps you grow your money, but rates are relatively low on these low-risk accounts.


A checking account is a deposit account held at a financial institution that allows withdrawals and deposits. Also called demand accounts or transactional accounts, checking accounts are very liquid and can be accessed using checks, automated teller machines and electronic debits, among other methods.

 

Hence, Saving accounts usually offer higher interest rates than checking accounts.

 

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

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Q:

Which of the following is a function of the geosphere? 

A) providing a moderate, livable climate B) serving as the interface between the other spheres
C) facilitating the movement of water through spheres through transpiration D) facilitating the process of photosynthesis
 
Answer & Explanation Answer: B) serving as the interface between the other spheres

Explanation:

The geosphere is the earth's solid rock or rigid outer layer known as the crust. Without the geosphere it would not be possible for humans to live on the planet. The function of the geosphere serving as the interface between the other spheres.

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

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Q:

A Website address is a unique name that identifies a specific

A) Link B) PDA
C) Web browser D) Website
 
Answer & Explanation Answer: D) Website

Explanation:
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Q:

Webpages are written using

A) Win Zip B) HTML
C) A fifth generation language D) Peripherals
 
Answer & Explanation Answer: B) HTML

Explanation:

Webpages are written using HTML, (Hyper Text Marup Language). It is used for creating web applications that can be accessed over internet which contain text, graphics and hyperlinks.

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Q:

Who has been appointed as Managing Director of Export-Import Bank of India (Exim Bank) ?

A) Arun Tiwari B) Sunil Mehta
C) Ashwani Kumar D) David Rasquinha
 
Answer & Explanation Answer: D) David Rasquinha

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

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Q:

Who is appointed as MD and CEO of IDBI Bank in April, 2017 ?

A) Kanungo B) Mahesh Kumar Jain
C) Ravi Chander D) None
 
Answer & Explanation Answer: B) Mahesh Kumar Jain

Explanation:

Mahesh Kumar Jain was appointed as MD and CEO of IDBI bank in April 2017.

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

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