Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 520
Q:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 548
Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales D) How long it takes to sell merchandise inventory
 
Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 595
Q:

A word is representerd by only one set of numbers as given in any one of the alternatives. The sets of numbers given in the alternatives are represented by two classes of alphabets as shown in the given two matrices. The columns and rows of Matrix-I are numbered from 0 to 4 and that of Matrix-II are numbered from 5 to 9. A letter from these matrices can be represented first by its row and next by its column ,for example 'G' can be represented by 10,24 etc and 'T' can be represented by 76,86 etc. Similarly,you have to identify the set for the word ''ENVY''.

 

A) 20,79,42,96 B) 32,57,55,97
C) 40,89,30,78 D) 11,65,10,69
 
Answer & Explanation Answer: B) 32,57,55,97

Explanation:
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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams

1 660
Q:

Which of the following cube in the answer figure cannot be based on the unfolded cube in the question figure?

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

Explanation:
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Filed Under: Cubes and Dice
Exam Prep: Bank Exams

1 778
Q:

If a mirror is placed on the line MN, then which is the right image of the given figure?

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

Explanation:
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Filed Under: Image Analysis
Exam Prep: Bank Exams

1 778
Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by a Logic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives.

 

A) (17, 21, 25) B) (12, 16, 20)
C) (19, 23, 27) D) (22, 26, 32)
 
Answer & Explanation Answer: D) (22, 26, 32)

Explanation:
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Filed Under: Odd Man Out
Exam Prep: Bank Exams

0 692
Q:

In the following question, select the missing number from the given series.

 

41, 54, 67, ?, 93

 

A) 80 B) 82
C) 74 D) 90
 
Answer & Explanation Answer: A) 80

Explanation:
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Filed Under: Number Series
Exam Prep: Bank Exams

3 4538