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Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 22472, and Rs 23820.32 respectively, what is the rate of interest?

A) 3 percent B) 6 percent
C) 12 percent D) 10 percent
 
Answer & Explanation Answer: B) 6 percent

Explanation:
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Filed Under: Simple Interest
Exam Prep: Bank Exams

3 1222
Q:

The fat digesting enzyme Lipase is secreted by which of the following

A) Kidneys B) Pancreas
C) Large Intestine D) Liver
 
Answer & Explanation Answer: B) Pancreas

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Filed Under: Biology
Exam Prep: Bank Exams

2 1222
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 1222
Q:

A series is given with one term missing. Choose the correct alternative from the given ones that will complete the series.

January, March, May, ?

 

A) June B) April
C) August D) July
 
Answer & Explanation Answer: D) July

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Filed Under: Logical Sequence of Words
Exam Prep: Bank Exams

0 1222
Q:

The average revenues of 7 consecutive years of a company is Rs 83 lakhs. If the average of first 4 years is Rs 78 lakhs and that of last 4 years is Rs 90 lakhs, find the revenue for the 4th year.

A) Rs 91 lakhs B) Rs 93 lakhs
C) Rs 89 lakhs D) Rs 87 lakhs
 
Answer & Explanation Answer: A) Rs 91 lakhs

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Filed Under: Average
Exam Prep: Bank Exams

0 1222
Q:

A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is

A) Rs 6803 B) Rs 850
C) Rs 3402 D) Rs 1701
 
Answer & Explanation Answer: C) Rs 3402

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Filed Under: Compound Interest
Exam Prep: Bank Exams

1 1222
Q:

Energy possessed by an object by its position or configuration is called

A) Kinetic energy B) Nuclear energy
C) Potential energy D) Electrical energy
 
Answer & Explanation Answer: C) Potential energy

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Filed Under: Physics
Exam Prep: Bank Exams

0 1221
Q:

The median of the numbers 4, 2, 2, 6, 3 and 8 is

A) 4.5 B) 3.5
C) 4 D) 3
 
Answer & Explanation Answer: B) 3.5

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Filed Under: Average
Exam Prep: Bank Exams

5 1221