4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

In the following figure, rectangle represents Accountants, circle represents Food stylists, triangle represents Tattoists and square represents Europeans. Which set of letters represents Accountants who are either Food stylists or Europeans ?

A) J	B) KE
C) HG	D) GJK

Answer & Explanation Answer: D) GJK

Explanation:

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Filed Under: Image Analysis
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Q:

In the following question, select the odd letter/letters from the given alternatives.

A) FDB	B) LJI
C) SQO	D) ZXV

Answer & Explanation Answer: B) LJI

Explanation:

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Filed Under: Odd Man Out
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Q:

Which one of the following statements is correct?For the purpose of Census 2011

A) a person aged seven and above who can both read and write with understanding in any language is treated as a literate	B) a person aged eightand abovewho can both read and write with understanding in any language is treated as a literate
C) a person aged nine and above who can both read and write with understanding in any language is treated as a literate	D) a person aged ten and above who can bothread and write with understanding in any language is treated as a literate.

Answer & Explanation Answer: A) a person aged seven and above who can both read and write with understanding in any language is treated as a literate

Explanation:

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Filed Under: General Awareness
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Q:

Goods and Services Tax likely to be levied in India is not a

A) gross value tax	B) value-added tax
C) consumption tax	D) destination-based tax

Answer & Explanation Answer: A) gross value tax

Explanation:

GST is a destination-based tax, it means end users consuming any goods or services is liable to pay the Goods and Services Tax. The tax is collected by the State in which the goods or services are consumed and not by the state in which goods are manufactured and If there are exports, the seller of the goods or services is exempted from paying the tax. GST is a consumption-based tax, it means the state where the goods were consumed will receive GST and where goods were sold should not get any taxes.GST is a value added tax as it is based on the increase in value of a product or service at each stage of production or distribution.GST is not gross value tax.

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Which of the following statements about the Trans-Pacific Partnership (TPP) is /are correct?

1.The TPP was signed by 12 Pacific Rim nations in the year 2015.

2.The TPP is likely to be a game-changer in global trade as member countries account for about 40 percent of global GDP.

3.India is a founder member of TPP.

Select the correct answer using the code given below.

A) 1, 2 and 3	B) 1 and 2 only
C) 2 and 3 only	D) 1 only

Answer & Explanation Answer: B) 1 and 2 only

Explanation:

3 is incorrect, as India is not a member of TPP

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Filed Under: General Awareness
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Q:

From the given alternatives, select the word which CANNOT be formed using the letters of the given word.

Apparent

A) Pear	B) Pent
C) Rent	D) Relevent

Answer & Explanation Answer: D) Relevent

Explanation:

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Filed Under: Logical Sequence of Words
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Q:

Which of the following is called GDP Deflator?

A) Ratio of nominal to real GDP	B) Ratio of nominal to real GNP
C) Ratio of nominal to real CPI	D) Ratio of real to nominal GNP

Answer & Explanation Answer: A) Ratio of nominal to real GDP

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Filed Under: Indian Economy
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Q:

The sum of a fraction and 3 times its reciprocal is 31/6. What is the fraction?

A) 2/9	B) 9/2
C) 5/4	D) 4/5

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