Bank PO Questions


Q:

What is the Debit Balance recovery? How we can recover if we won’t have any future transactions from supplier ?

Answer

The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount. 

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

Which of the following rivers does not flow into the Arabian Sea?

A) Kaveri B) Tapati
C) Narmada D) Periyar
 
Answer & Explanation Answer: A) Kaveri

Explanation:
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Filed Under: Indian Geography
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

How many spaces are required between punctuation?

A) 1 B) 2
C) 3 D) 0
 
Answer & Explanation Answer: A) 1

Explanation:

While using punctuations, only one space is used. 

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Filed Under: Alphabet Test
Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Size of the primary memory of a pc ranges between

A) 256 kb to 640 kb B) 64 kb to 256 kb
C) 256 kb to 512 kb D) 2 kb to 8 kb
 
Answer & Explanation Answer: A) 256 kb to 640 kb

Explanation:

Size of the primary memory of a PC ranges between 256 KB to 640 KB.

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Q:

Who gave the slogan Bharat Chhodo during the Quit India movement?

A) Gandhi B) Yusuf Meher Ali
C) Nehru D) Aruna Asif Ali
 
Answer & Explanation Answer: A) Gandhi

Explanation:

Mohandas Karamchand Gandhi gave the slogan Bharat Chhodo during the Quit India movement.

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Filed Under: Indian History
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

20 2948
Q:

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7

A) 9 B) 10
C) 11 D) 12
 
Answer & Explanation Answer: D) 12

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

What makes an election democratic?

A) Elections should be held at regular intervals. B) The candidate preferred by the people should get elected.
C) Every citizen should have one vote ad every vote should have an equal value. D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

In short, Democracy is a government "of the people, by the people, and for the people."

 

Definition :

Democracy "is government by the people in which the supreme power is vested in the people and exercised directly by them or by their elected agents under a free electoral system." 


The conditions of a democratic election are:

 

* Every citizen should have one vote ad every vote should have an equal value.

* Voters choose from the political parties and candidates should be free to contest elections giving the voters a real choice.

* Elections should be held at regular intervals.

* The candidate preferred by the people should get elected.

* Elections should be conducted in free and fair manner where people can choose as they really wish.

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

A shopkeeper has a job to print certain number of documents and there are three machines P, Q and R for this job. P can complete the job in 3 days, Q can complete the job in 4 days and R can complete the job in 6 days. How many days the shopkeeper will it take to complete the job if all the machines are used simultaneously ?

A) 4/3 days B) 2 days
C) 3/2 days D) 4 days
 
Answer & Explanation Answer: A) 4/3 days

Explanation:

Let the total number of documents to be printed be 12.

 The number of documents printed by P in 1 day = 4.

 The number of documents printed by Q in 1 day = 3.

 The number of documents printed by R in 1 day = 2.

 
Thus, the total number of documents that can be printed by all the machines working simultaneously in a single day = 9.

 

Therefore, the number of days taken to complete the whole work = 12/9 = 4/3 days.

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Filed Under: Time and Work
Exam Prep: GRE , GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

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