Bank PO Questions


Q:

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

A) Nil Accounting Variation B) New Asset Venture
C) Net Accounting Venture D) Net Asset Value
 
Answer & Explanation Answer: D) Net Asset Value

Explanation:

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

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Filed Under: Accounts Receivable
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

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Q:

I am a 5 letter word.

I am normally below you. If you remove my 1st letter, you'll find me above you. If you remove my 1st & 2nd letters, you can't see me.

What am I?

Answer

Firstly, I focussed on "If you remove my 1st & 2nd letters, you can't see me". The first thing that comes to mind which we can’t see is the "AIR".


 


So now, what 4 letter words can be formed ending with "AIR"? Think of all the words from A to Z, considering which one lies above you. That is how we get to "HAIR".


 


Now, which 5 letter word can be formed ending with "HAIR"? Starting with A to Z, we reach "CHAIR" and also, it lies below us.


 


And the required answer is "CHAIR".

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Q:

What measures Air pressure?

A) Barkometer B) Bolometer
C) Spectrometer D) Barometer
 
Answer & Explanation Answer: D) Barometer

Explanation:

Air Pressure can be defined as the pressure of air in the earth's atmosphere. It reaches a maximum of about 100,000 Pa near sea level and decreases as altitude increases.

The barometer is an instrument which is used for measuring Air pressure.

 

Physics instruments and their uses:

 

Barkometer  - - - Tanning liquors used in tanning leather

Bolometer  - - - Electromagnetic radiation

Spectrometer - - -  Properties of light.

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Filed Under: Physics
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Q:

What type of Lipid is Estrogen?

A) phospholipid B) steroid
C) wax D) triglyceride
 
Answer & Explanation Answer: B) steroid

Explanation:

Estrogen is a group of steroid hormone that control the development and maintenance of an individuals feminine characteristics. Natural estrogen exists in men as well as women and are found in higher amounts in women Especially in those of reproductive age.

 

Estrogens are hormones which are responsible to the body functions of the female body system such as menstruation, development of the female body such as pubic hair, breasts and development of the proportions of the body.

 

Lipids act as best energy storage molecules as the cleavage of fatty acids produces both energy and metabolic water which is a main component in almost all lipids.

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Filed Under: Chemistry
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Q:

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

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

Explanation:

m=j/i

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

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Q:

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A) 11572.71 B) 11876
C) 189756 D) 11576
 
Answer & Explanation Answer: A) 11572.71

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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

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Q:

How many times can you subtract 5 from 25?

Answer

Technically or logically it is possible only once. As if you subtract 5 from 25 at first te result will be 20. Now, you can't subtract 5 from 25 since the left number is 20.


 


But if you go mathematically, it can be done infinite times and only 5 times without going into the negatives.

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Q:

What do lines of latitude measure?

A) east-west position between the poles B) north-south position between the poles
C) north-east position between the poles D) south-west position between the poles
 
Answer & Explanation Answer: B) north-south position between the poles

Explanation:

Lines of latitude measure north-south position between the poles.

 

Lines of latitude are imaginary reference lines that describe how far north or south a location on the Earth is from the Equator. The equator is defined as 0 degrees, the North Pole is 90 degrees north, and the South Pole is 90 degrees south. Lines of latitude are all parallel to each other, thus they are often referred to as parallels.

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

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