Bank PO Questions


Q:

The average age of husband, wife and their child 3 years ago was 24 years and that of wife and child 5 years ago was 25 years. The present age of the husband is:

A) 21 yrs B) 27 yrs
C) 29 yrs D) 31 yrs
 
Answer & Explanation Answer: A) 21 yrs

Explanation:

Sum of ages of husband, wife and child= (24 × 3) + 9 = 81 years

Sum of ages of wife and child => 25 × 2 + 10 = 50 + 10 = 60 years

Age of husband = 81 - 60 = 21 years.

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Most modern Banking Systems are based on

A) commodity money B) 100 percent reserves
C) fractional reserves D) money of intrinsic value
 
Answer & Explanation Answer: C) fractional reserves

Explanation:

Most modern banking systems are based on Fractional reserves.

 

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank.

1. In a fractional reserve banking system banks can create money through the lending process.

2. A fractional reserve banking system is susceptible to bank panics.

3. Bank panics are a risk of fractional reserve banking, but are unlikely when banks are highly regulated and lend prudently.

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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
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Q:

In a class there are certain no. of boys and girls. If 15 girls are absent then no. of boys will be twice that of girls. If 45 boys are absent then girls strength will be 5 times that of boys. Find number of boys actually present ?

A) 40 B) 50
C) 55 D) 35
 
Answer & Explanation Answer: B) 50

Explanation:

15 girls are absent => b = 2(g-15)...... eqn...(1)

45 boys are absent => g - 15 = 5(b-45).....eqn...(2)

=> g = 5(b-45) + 15

=> b = 2((5(b-45)+15)-15)

=> b = 2(5b - 225 + 15 - 15)

=> b = 2(5b-225)

=> b = 10b - 450

=> 9b = 450

=> b = 50

so from equation(2)

g - 15 = 5(b - 45)

=> g - 15 = 5(50-45)

=> g - 15 = 5(5)

=> g = 25 + 15

=> g = 40

Therefore, the number of boys = 50 and girls = 40

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Filed Under: Arithmetical Reasoning
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2 4070
Q:

Which colony was farthest north?

A) Massachusetts B) Virginia
C) Georgia D) New Hampshire
 
Answer & Explanation Answer: A) Massachusetts

Explanation:

There are 13 colonies and are ruled by England.

 

The farthest north colony - Massachusetts

The farthest south colony - Georgia

The oldest colony - Virginia

The colony between the 2 parts of Massachusetts - New Hampshire

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Filed Under: World Geography
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3 4068
Q:

A number is 2 more than thrice the second number and 4 times the smaller number is 5 more than the greater number. What is greater number  ?

A) 7 B) 23
C) 9 D) 21
 
Answer & Explanation Answer: B) 23

Explanation:

Let the greater and smaller number be p and q respectively.

4q = p + 5 ------ (I)

p = 3q+2 ------- (II)

From equation (I) and (II)

q = 7

p = 23

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Filed Under: Problems on Numbers
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Q:

The United Nations Public Service Day is observed on

A) June 24 B) June 23
C) June 26 D) June 25
 
Answer & Explanation Answer: B) June 23

Explanation:

The United Nations Public Service Day is observed every year on June 23 to recognize the work of public servants and to encourage young people to pursue careers in the public sector. The day is also observed to celebrate value and virtue of public service to the community and to raise awareness regarding the contribution of public service in the development of society and honouring the work of public servants.

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Filed Under: Important Days and Years
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Q:

A colored ion generally indicates a

A) transition metal B) metalloid
C) large in size D) Both B & C
 
Answer & Explanation Answer: A) transition metal

Explanation:

A colored ion generally indicates a transition metal.

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Filed Under: Chemistry
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Q:

Incorporation creates a local government and

A) determines who will serve as mayor and council members. B) divides a state into separate counties with their own leaders.
C) manages the court system on the county and city level. D) creates geographic boundaries for villages, towns, and cities.
 
Answer & Explanation Answer: B) divides a state into separate counties with their own leaders.

Explanation:

Incorporation is a legal process that enables the formation of a local government and divides a state into separate counties with their own leaders.

 

The different counties become self governing entities under the laws of the state in which they fall and are given the authority to function as independent units but within the jurisdiction of the state laws.

 

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Filed Under: Indian Politics
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