Bank Exams Practice Question and Answer

Q: In preparing a bank reconciliation, outstanding checks are 2233 0

  • 1
    Deducted from the balance sheet
    Correct
    Wrong
  • 2
    Added to the bank balance
    Correct
    Wrong
  • 3
    Deducted from the bank balance
    Correct
    Wrong
  • 4
    Added to the balance sheet
    Correct
    Wrong
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Answer : 1. "Deducted from the balance sheet"
Explanation :

Answer: A) Deducted from the balance sheet Explanation: If an outstanding check of the previous month clears the bank (is paid by the bank) in the current month, you simply remove that check from the list of outstanding checks. If an outstanding check of the previous month does not clear the bank in the current month, the check will remain on the list of outstanding checks until the month that it does clear the bank. In the bank reconciliation process, the total amount of the outstanding checks is deducted from the balance appearing on the bank statement.

Q: Digitized information can be used by computers. 2233 0

  • 1
    TRUE
    Correct
    Wrong
  • 2
    FALSE Answer & Explanation Answer:
    Correct
    Wrong
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Answer : 1. "TRUE"
Explanation :

Answer: A) TRUE Explanation: TRUE. The computers and electronic devices use digitized information which is easily understood by them.   Digitization is the process of converting analog signals or information of any form into a digital format that can be understood by computer systems or electronic devices. The term is used when converting information, like text, images or voices, and sounds, into binary code.

Q: P alone can do a piece of work in 24 days. The time taken by P to complete one-third of work is equal to time taken by Q to complete half of the work. How many days are required to complete by P and Q working together ? 2232 0

  • 1
    9 3/5 days
    Correct
    Wrong
  • 2
    7 days
    Correct
    Wrong
  • 3
    6 3/7 days
    Correct
    Wrong
  • 4
    8 days
    Correct
    Wrong
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Answer : 1. "9 3/5 days"
Explanation :

Answer: A) 9 3/5 days Explanation: Let the total work be 'W' As per the given information, P can complete the work 'W' in 24 days. => one day work of P = W/24 And also given that, The time taken by P to complete one-third of work is equal to time taken by Q to complete half of the work => PW/3 = QW/2 => P's 1 day =    W/24    ?    =      W/3 =>  ?  = 24W/3W  = 8 => QW/2 = 8 days => Q alone can complete the work W in 16 days => P + Q can complete the work in 1/24 + 1/16 = 5/48 => 48/5 days = 9 3/5 days.

Q: What is the main function of international monetary fund  ? 2232 0

  • 1
    Help to solve Balance of Payment problems of member countries
    Correct
    Wrong
  • 2
    Act as private sector lending arm of the World Bank
    Correct
    Wrong
  • 3
    Finance investment loans to developing countries
    Correct
    Wrong
  • 4
    Arrange international deposits from banks
    Correct
    Wrong
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Answer : 1. "Help to solve Balance of Payment problems of member countries"
Explanation :

Answer: A) Help to solve Balance of Payment problems of member countries Explanation:

Q: Which of the following languages is a Slavic Language? 2232 0

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    Polish
    Correct
    Wrong
  • 2
    Flemish
    Correct
    Wrong
  • 3
    Romanian
    Correct
    Wrong
  • 4
    Gaelic
    Correct
    Wrong
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Answer : 1. "Polish"
Explanation :

Answer: A) Polish Explanation: Slavic languages, also called Slavonic languages, a subfamily of the Indo-European family of languages Eastern European ethnic group, commonly associated with Russia, the Baltic States, and other Eastern European countries. peoples of the lands of today's Eastern Europe and Russia have excited curiosity and beckoned visitors. Key to these peoples and cultures are the Slavic languages: 1. Russian, 2. Ukrainian, 3. Polish, 4. Czech, and 5. Bosnian/Croatian/Serbian.   Flemish is the language of many Belgians. Romanians are more Hungarian or Balkans-affiliated than Russian. Gaelic is the language of the Celts (Scotland/Ireland).

Q: What is the time required to punch 1500 cards of 45 column each at the rate of 9,000 punches per hour ? 2232 0

  • 1
    8 hrs
    Correct
    Wrong
  • 2
    7 hrs 15 min
    Correct
    Wrong
  • 3
    7 hrs 30 min
    Correct
    Wrong
  • 4
    8 hrs 20 min
    Correct
    Wrong
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Answer : 3. "7 hrs 30 min"
Explanation :

Answer: C) 7 hrs 30 min Explanation: Total number of cards = 1500total columns = 45so, total punches=1500 x 45 = 67500for 1 hour if we make 9000 punches, we require 67500/9000 = 7.5so 7hours:30mins.

Q: There is a clock which shows false timing ie it shows 20 minutes less for each 1 hour. If the clock shows 12 noon now how many minutes will be lost when it shows 2 pm ? 2232 0

  • 1
    36 minutes
    Correct
    Wrong
  • 2
    48 minutes
    Correct
    Wrong
  • 3
    35 minutes
    Correct
    Wrong
  • 4
    60 minutes
    Correct
    Wrong
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Answer : 4. "60 minutes"
Explanation :

Answer: D) 60 minutes Explanation: For 1 hour, 20 minutes is slower, then for 06 miuntes - 2 minutes is slower30 minutes - 10 minutesActual time | false time 12 12 01 PM 12:40 PM (20 minutes slower) 02 PM 01:20 PM 03 PM 02:00 PM So, when actual time is 3pm, the false time is 2 pm.So, it loses 60 minutes when it shows 2 pm.

Q: A person in a bet 40 shots taken. 50p for a hit, 10p for a miss.(he have to give). Finally he has Rs.5. How many hits he have ? 2231 0

  • 1
    15
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    30
    Correct
    Wrong
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Answer : 1. "15"
Explanation :

Answer: A) 15 Explanation: Let number of hit shots be 'X'Let number of miss shots be 'Y'Given X + Y = 40....(1)50X - 10Y = 500.....(2)Solving 1 and 2, we getX = 15 and Y = 25Therefore, number of hits = 15

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