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:

Find the Greatest Common Factor of 280 and 144.

A) 2 B) 8
C) 6 D) 4
 
Answer & Explanation Answer: B) 8

Explanation:
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Filed Under: HCF and LCM
Exam Prep: Bank Exams

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Q:

Pradhan Mantri Mudra Yojana was announced under the leadership of _______.

A) Jawaharlal Nehru B) Indira Gandhi
C) Narendra Modi D) Manmohan Singh
 
Answer & Explanation Answer: C) Narendra Modi

Explanation:
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Filed Under: Indian Politics
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.


An ideal policeman is a myth. You come __________ him only in crime fiction. ____________ elusive is 'good policing', an idea ___________ even the best of criminal justice thinkers have found it difficult to define. This is why, in what is a chaotic world, we have to reluctantly _____________ for an imperfect policeman and ________ inadequate system.


an idea ___________ even the best of criminal justice thinkers have found

A) that B) which
C) whom D) who
 
Answer & Explanation Answer: A) that

Explanation:
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Filed Under: English
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.

When the stranger saw me, (A) / he seemed to recognise me (B) / and asked me what was my name. (C) / No Error (D)

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

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

In mammals, an important role of excretion is played by________

A) Large intestine B) Kidneys
C) Lungs D) Liver
 
Answer & Explanation Answer: B) Kidneys

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
On the trip, we needed a guide to ____________ the foreign language for us.

A) describe B) illustrate
C) mimic D) interpret
 
Answer & Explanation Answer: D) interpret

Explanation:
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Filed Under: English
Exam Prep: Bank Exams

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Q:

An IP address is _____ bit number.

A) 8 B) 16
C) 32 D) 64
 
Answer & Explanation Answer: C) 32

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams

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