Questions

Q:

Choose the option that best captures the essence of the text.
Issue of money, in the form of banknotes and current accounts subject to cheque or payment at the customer's order. These claims on banks can act as money because they are negotiable and/or repayable on demand, and hence valued at par and effectively transferable by mere delivery in the case of banknotes, or by drawing a cheque that the payee may bank or cash. Banks act as both collection and paying agents for customers, participating in interbank clearing and settlement systems to collect, present, be presented with, and pay payment instruments. This enables banks to economize on reserves held for settlement of payments, since inward and outward payments offset each other. It also enables ____________.

A) The offsetting of payment flows between geographical areas, increasing the cost of settlement between them. B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.
C) The offsetting of payment flows only in urban areas, reducing the cost of settlement between them. D) The offsetting of payment flows only in rural areas, increasing the cost of settlement between them.
 
Answer & Explanation Answer: B) The offsetting of payment flows between geographical areas, reducing the cost of settlement between them.

Explanation:

The passage is based on economic development of the bank. It says that the economic growth of the bank in terms of the money is based on the cost of settlement. If this cost is reduced amongst the countries then the flow of payment will be maintained or vice versa. It is nowhere mentioned in the passage about rural or urban areas so we will take a general context. Hence option B is the correct option.

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Filed Under: English
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Q:

Which type of permanent tissue helps the aquatic plants to float?

A) Aerenchyma B) Collenchyma
C) Sclerenchyma D) No option is correct
 
Answer & Explanation Answer: A) Aerenchyma

Explanation:
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Filed Under: Biology

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Q:

Use of an attractive masquerade or mask is associated with which of the following dance style?

A) Kathakali B) Kuchipudi
C) Odissi D) Manipuri
 
Answer & Explanation Answer: A) Kathakali

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

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Q:

For how many months is a cheque valid from the date of issue?

A) 1 month B) 2 months
C) 3 months D) 6 months
 
Answer & Explanation Answer: C) 3 months

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

SMTP in computer science stands for?

A) Simple Markup Transfer Protocol B) Systems Mail Transfer Protocol
C) Simple Mail Transfer Protocol D) Systems Memory Transfer Protocol
 
Answer & Explanation Answer: C) Simple Mail Transfer Protocol

Explanation:
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Filed Under: Computer
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Q:

In the Indian Parliamentary System, 'Vote on Account' is valid for how many months (except the year of elections)?

A) 2 months B) 3 months
C) 6 months D) 9 months
 
Answer & Explanation Answer: A) 2 months

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Filed Under: Indian Politics
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Q:

The Chairman of the Public Accounts Committee of the Parliament is appointed by the

A) President of India B) Prime Minister of India
C) Speaker of Lok Sabha D) Chairman of Rajya Sabha
 
Answer & Explanation Answer: C) Speaker of Lok Sabha

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Filed Under: Indian Politics
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Q:

A farmer's land is in the shape of a trapezium which has its parallel sides measuring 2.56 yards and 3.44 yards and the distance between the parallelsides in 1.44 yards. The cost of ploughing the land is Rs 1800 per square yard. What amount will (in Rs) have to be spent in order to plough the entire land?

A) 3672 B) 6732
C) 7776 D) 8214
 
Answer & Explanation Answer: C) 7776

Explanation:
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