Bank Exams Practice Question and Answer

Q: What is 'Three-Way Match' refers in Acconting ? 1359 0

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Answer :
Explanation :

In accounting, the Three-way Match refers to a procedure used when processing an invoice received from a vendor or supplier. The three-way match is an important step in safeguarding an organization's assets. The purpose of the three-way match is to avoid paying incorrect and perhaps fraudulent invoices. Here Three-way refers to the three documents involved : * Vendor's invoice which was received and will become part of an organization's accounts        payable if approved. * Purchase order that was prepared by the organization. * Receiving report that was prepared by the organization. And Match refers to the comparison of the quantities, price per unit, terms, etc. appearing on the vendor's invoice to the information on the purchase order and to the quantities actually received. After the vendor's invoice has been validated by the three-way match, it can be further processed for payment.

Q: For intra-State movement, the e-way bill by GST council will be rolled out in a phased manner beginning April 15 and will cover all the States by 1359 0

  • 1
    May 1
    Correct
    Wrong
  • 2
    June 1
    Correct
    Wrong
  • 3
    May 31
    Correct
    Wrong
  • 4
    July 31
    Correct
    Wrong
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Answer : 1. "May 1"
Explanation :

Answer: A) May 1 Explanation: For intra-State movement, the e-way bill will be rolled out in a phased manner beginning April 15 and will cover all the States by June 1. Businesses will continue to file summary sales return GSTR-3B until June as the GST (Goods and Services Tax) Council has extended the present system of return-filing by three months. Electronic way or e-way bill for movement of goods between States would be implemented from April 1.

Q: Pravasi Bharatiya Diwas is observed on which of the following days? 1359 0

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    9th January
    Correct
    Wrong
  • 2
    19th January
    Correct
    Wrong
  • 3
    9th February
    Correct
    Wrong
  • 4
    19th February
    Correct
    Wrong
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Answer : 1. "9th January"
Explanation :

Answer: A) 9th January Explanation:

Q: RBI controls the commercial banks through 1357 0

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    Calling for returns and other information
    Correct
    Wrong
  • 2
    Periodic inspection of banks
    Correct
    Wrong
  • 3
    Follow up action
    Correct
    Wrong
  • 4
    All of the above
    Correct
    Wrong
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Answer : 4. "All of the above"
Explanation :

Answer: D) All of the above Explanation:

Q: What is the name of India’s first-ever industrial-articulated robot that was launched on 11 April 2017 by TAL Manufacturing Solutions ? 1357 0

  • 1
    RAINBOW
    Correct
    Wrong
  • 2
    BRAVO
    Correct
    Wrong
  • 3
    TURBO
    Correct
    Wrong
  • 4
    BRABO
    Correct
    Wrong
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Answer : 4. "BRABO"
Explanation :

Answer: D) BRABO Explanation: TAL Manufacturing Solutions, a wholly owned subsidiary of Tata Motors, on 11 April 2017 launched India’s first industrial-articulated robot and it goes by the name “BRABO”. – BRABO is meant to complement the human workforce and perform repetitive, high volume, dangerous and time-consuming tasks from raw material handling to packaging of finished products. – This is the first time that an industrial robot has been conceptualised, designed and manufactured in India. It is expected to increase productivity by 15-30%, with a payback period of 15 to 18 months.

Q: A man can row 8 kmh in still water. If the river is running at 2 kmh, it takes 4 hrs more upstream than to go downstream for the same distance. Then the distance is given by 1356 0

  • 1
    54 kms
    Correct
    Wrong
  • 2
    32 kms
    Correct
    Wrong
  • 3
    45 kms
    Correct
    Wrong
  • 4
    60 kms
    Correct
    Wrong
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Answer : 4. "60 kms"
Explanation :

Answer: D) 60 kms Explanation: Let the distance be d.  d8-2-d8+2 = 4   => 2d = 120    => d = 60 kms.

Q: Tickets numbered 1 to 20 are mixed up and then a ticket is drawn at random. What is the probability that the ticket drawn has a number which is a multiple of 4 or 15 ? 1356 0

  • 1
    6/19
    Correct
    Wrong
  • 2
    3/10
    Correct
    Wrong
  • 3
    7/10
    Correct
    Wrong
  • 4
    6/17
    Correct
    Wrong
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Answer : 2. "3/10"
Explanation :

Answer: B) 3/10 Explanation: Here, S = {1, 2, 3, 4, ...., 19, 20}=> n(s) = 20Let E = event of getting a multiple of 4 or 15 =multiples od 4 are {4, 8, 12, 16, 20}And multiples of 15 means multiples of 3 and 5= {3, 6 , 9, 12, 15, 18, 5, 10, 15, 20}.= the common multiple is only (15).=> E = n(E)= 6Required Probability = P(E) = n(E)/n(S) = 6/20 = 3/10.

Q: Which results from an increase in the greenhouse effect? 1355 0

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    Ocean acidification
    Correct
    Wrong
  • 2
    Smog pollution
    Correct
    Wrong
  • 3
    Ozone depletion
    Correct
    Wrong
  • 4
    All the above
    Correct
    Wrong
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Answer : 4. "All the above"
Explanation :

Answer: D) All the above Explanation: A greenhouse gas (GHG) is any gas in the atmosphere that absorbs and emits radiation in the thermal infrared range.   The increase in average global temperatures that results from an enhanced greenhouse effect. Effects of increased greenhouse gas emissions: Increases in the different greenhouse gases have other effects apart from global warming including ocean acidification, smog pollution, ozone depletion as well as changes to plant growth and nutrition levels.

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