Bank Clerk Questions

Open Market Operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

The law of conservation of mass states that in any closed system the mass of the system is neither created nor destroyed over time i.e, the mass cannot be changed overtime.

Hence, the given statement is true.

Any type of insurance, be it home, auto, life, health, etc. are based on a principle of division of risk.

Division of Risk :: This is based on how much risk the insurer estimates the insured's coverage to be. The riskier the opportunity (bad health, area the home is in) the higher the premium costs.

The nucleus of a cell contains chromosomes, which carry genetic information in a long molecule called DNA.

Genes are regions of DNA that carry the code to control a particular cell activity or the production of a particular protein.

A perfectly inelastic demand curve is perfectly vertical either up or down in any way.

Valuable suggestion from the retired professors will be helpful for restructuring of an organisation. Hence, management should involve such experienced people. Seeking permission from the employees is not the right course of action.