Bank Exams Questions

Q:

The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)

A) 11,320 B) 12,000
C) 12,320 D) 12,500
 
Answer & Explanation Answer: C) 12,320

Explanation:
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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.
Pernicious

A) Beneficial B) Dangerous
C) Innocuous D) Advantageous
 
Answer & Explanation Answer: B) Dangerous

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Filed Under: English
Exam Prep: Bank Exams

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Q:

Select the missing number?

A) 11 B) 12
C) 15 D) 10
 
Answer & Explanation Answer: D) 10

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

When the kerosene burned, the fuel in the tank below would be __________ pressure, and __________a small circular flame would appear in the burner.The valve had to be opened to let more kerosene vapour to the burner and pumping resumed. With the increase in pressure, the burner flame would spread _________ a loud noise. To lower the flame,the valve had to be _________ opened to reduce the pressure and then tightened until the desired flame size was achieved. _________ you wanted the flame to be bigger, you had to hit the piston again. Pump stoves are still in vogue.

below would be __________ pressure

A) inside B) into
C) about D) under
 
Answer & Explanation Answer: D) under

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Filed Under: English
Exam Prep: Bank Exams

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Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Ms. Alina borrowed Rs.650 at 6% per annum simple interest. What amount will she pay to clear her debt after 4 years?

A) Rs. 165 B) Rs. 860
C) Rs. 806 D) Rs. 156
 
Answer & Explanation Answer: C) Rs. 806

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

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

 

A system of religious belief; a faith

 

A) Nihilism B) Heresy  
C) Impiety   D) Creed
 
Answer & Explanation Answer: D) Creed

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Filed Under: English
Exam Prep: Bank Exams

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