Bank Exams Questions

Q:

Accounts Receivable financing is based on

Answer

Accounts-receivable financing is a type of asset-financing arrangement in which a company uses its receivables — outstanding invoices or money owed by customers — to receive financing.


when a business sells its AR (accounts receivable) to a factoring company and receives short-term business funding in return, this is what called as Accounts Receivable Financing.


 


How it works ::


Business-to-business sales are often offered with payment terms of 30, 60 or 90 days.


The buyer receives the product, but doesn't submit payment until the mutually agreed-upon date.


The seller records the sale as revenues and increases the accounts receivable by the amount of the sale.


When the payment arrives, the seller decreases the accounts receivable and increases cash.


Accounts receivable financing allows the seller to get the cash immediately by selling the receivable to a third party. This is called factoring.

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Subject: Accounts Receivable Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

If a+1b=1 and b+1c=1 , then the value of c+1a is

A) 0 B) 1
C) -1 D) 2
 
Answer & Explanation Answer: B) 1

Explanation:
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Filed Under: Simplification
Exam Prep: Bank Exams

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the “No error” option.

He had already sent me message (A) / that his arrival (B) / was scheduled for Thursday (C) / No error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

Two cyclists P and Q cycle at 20 km/hr and 16 km/hr towards each other respectively. What was the distance (in kms) between them when they started if they met after 40 minutes?

A) 36 B) 30
C) 25 D) 24
 
Answer & Explanation Answer: D) 24

Explanation:
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Filed Under: Time and Distance
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

I understood that we (is influenced) by what we see, what we hear.

A) was influenced B) are influence
C) are influenced D) no improvement
 
Answer & Explanation Answer: C) are influenced

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

__________________ is a drug or substance that makes you feel relaxed and makes your body work and react more slowly.

A) Antidote B) Analgesic
C) Antihistamine D) Depressant
 
Answer & Explanation Answer: D) Depressant

Explanation:
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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Tell him to take B) another photograph
C) of the group D) No error
 
Answer & Explanation Answer: A) Tell him to take

Explanation:

The error is in first part. ‘Tell’ should be replaced with ‘Ask’. Tell is a command whereas Ask is a request and hence more courteous in this case. As this is a request the sentence should start with ‘Ask’ rather than ‘tell’.

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Filed Under: English
Exam Prep: Bank Exams

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Q:

In this section, each of the following sentences has a blank space and four words are given below it. select the word or group of words you consider most appropriate for the blank space and indicate your response on the Answer Sheet accordingly.

 

Mrs. Ramsay did not know whether Miss Jane knew ___________

A) swimming B) to swim
C) him to swim D) how to swimming
 
Answer & Explanation Answer:

Explanation:

Swimming is a verb that needs no preposition. So, none of the other options are suitable. Swimming is an action we learn to do, so option-4 is correct.

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Filed Under: English
Exam Prep: Bank Exams

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