Bank PO Questions


Q:

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

A) Nil Accounting Variation B) New Asset Venture
C) Net Accounting Venture D) Net Asset Value
 
Answer & Explanation Answer: D) Net Asset Value

Explanation:

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

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Filed Under: Accounts Receivable
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

2 3419
Q:

Fat in the body helps to protect vital organs.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

In the body, the fat stored can be served as a cushions or insulation which protects the vital organs in the body from the external damage in the environment.

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

0 3417
Q:

A loan is made for $3500 with an interest rate of 9% and payments made annually for 4 years. What is the payment amount?

A) 8906 B) 1089
C) 1070 D) 1080.34
 
Answer & Explanation Answer: D) 1080.34

Explanation:

 

A=R[(1+i)^n-1]/i(1+i)^n

 

 

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

1 3417
Q:

What least number must be substracted from 627349 so that the remaining number is divisible by 15 ?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:

On dividing 627349 by 15, we get remainder = 4.
Therefore, the obtained remainder is the least number to be subtracted from the given number so that the the mnumber is divisible by 15.
Here 4 is the least number to be subtracted from 627349 so that it is divisible by 15.

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

5 3414
Q:

Calculate the future value of $3,000 invested at 7% for 5 years

A) 4207.66 B) 5207
C) 4376 D) 5687
 
Answer & Explanation Answer: A) 4207.66

Explanation:

F=P(1+i)^n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

2 3413
Q:

Megahertz is a measurement of

A) Frequency B) Speed
C) Wavelength D) Capacity
 
Answer & Explanation Answer: A) Frequency

Explanation:

Megahertz is used to measure wave frequencies, as well as the speed of microprocessors. One MHz represents one million cycles per second. The speed of microprocessors, called the clock speed.

frequency_measurement1532346951.png image

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

2 3412
Q:

Bank Reconciliation Statement is prepared by

Answer

The Accountant typically prepares the Bank Reconciliation Statement using all transactions.


 


Bank Reconciliation Statement :


Bank reconciliation is a process which prepares a statement accounting for the difference between the cash balance in the cash account of a company and the cash balance according to its bank statement. This statement can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger.

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

5 3412
Q:

Which river of Rajasthan is known as Van Ki Asha?

A) Chambal B) Mahi
C) Banas D) Luni
 
Answer & Explanation Answer: C) Banas

Explanation:

Van Ki Asha means Hope of forest. Banas river of Rajasthan is known as Van Ki Asha. It passes through Udaipur originating from aravallis. It is the longest river with length 512 kms in Rajasthan having full flow.

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

3 3411