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.

Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: CAT , GRE , TOEFL

0 1037
Q:

Which of the following is the best fire-extinguisher?

A) Water B) Oxygen
C) Carbon-dioxide D) Soil
 
Answer & Explanation Answer: C) Carbon-dioxide

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Chemistry
Exam Prep: Bank Exams

1 1037
Q:

Out of the four alternatives, choose the one which can be substituted for the given words/sentences and click the button corresponding to it.

A disease that affects a large number of people in an area at the same time

A) Endemic B) Epidemic
C) Epidermic D) Endothermic
 
Answer & Explanation Answer: B) Epidemic

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1037
Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

A) Laison B) Liaison
C) Lieison D) Liaisone
 
Answer & Explanation Answer: B) Liaison

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

1 1037
Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

 

To be deprived of a close relation or friend through their death.

A) to divest B) to bereave
C) to oust D) to dispossess
 
Answer & Explanation Answer: B) to bereave

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1036
Q:

Select the synonym of
rip

A) cease B) terminate
C) gash D) sew
 
Answer & Explanation Answer: C) gash

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1036
Q:

Out of the four alternatives, choose the one which can be substituted for the given words/sentences and click the button corresponding to it.

The philosophy of putting another's welfare above one's own.

A) Agnosticism B) Polytheism
C) Altruism D) Iconoclasm
 
Answer & Explanation Answer: C) Altruism

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1036
Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.
Rise like a phoenix

A) Something memorable B) Time to answer for one's action
C) To become successful again D) To make people happy
 
Answer & Explanation Answer: C) To become successful again

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: English
Exam Prep: Bank Exams

0 1036