Bank Exams Practice Question and Answer

Q: The product of two positive numbers is p. If each of the numbers is increased by 2, the new product is how much greater than twice the sum of the two original numbers ? 2679 0

  • 1
    p times
    Correct
    Wrong
  • 2
    2p times
    Correct
    Wrong
  • 3
    (p + 4) times
    Correct
    Wrong
  • 4
    (2p + 3) times
    Correct
    Wrong
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Answer : 3. "(p + 4) times"
Explanation :

Answer: C) (p + 4) times Explanation: Let the two no's be a and b;Given product of the no's is p = ab;If the each nos is increased by 2 then the new product will be (a+2)(b+2) = ab + 2a + 2b + 4= ab + 2(a+b) + 4= p + 2(a+b) + 4Hence the new product is (p+4) times greater than twice the sum of the two original numbers.

Q: Expand CAR, in Banking Terminology? 2672 0

  • 1
    Current Applicable Ratio
    Correct
    Wrong
  • 2
    Capital Adequacy Ratio
    Correct
    Wrong
  • 3
    Capital Available Request
    Correct
    Wrong
  • 4
    Compiled Acquired Ratio
    Correct
    Wrong
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Answer : 2. "Capital Adequacy Ratio"
Explanation :

Answer: B) Capital Adequacy Ratio Explanation: Capital Adequacy Ratio (CAR) is also known as Capital to Risk (Weighted) Assets Ratio (CRAR), is the ratio of a bank's capital to its risk.   1. The capital adequacy ratio (CAR) is a measure of a bank's capital. 2. It is used to protect depositors and promote the stability and efficiency of financial systems around the world. 3. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss and complies with statutory Capital requirements.

Q: Sum of present ages of P and Q is 41. Age of P 2 year hence is equal to age of R, 1 year ago. Age of P, 4 year hence is equal to age of Q 1 year ago and ratio of present age of P and S is 3 : 4. Find the difference of age of R and S. 2671 0

  • 1
    2
    Correct
    Wrong
  • 2
    3
    Correct
    Wrong
  • 3
    4
    Correct
    Wrong
  • 4
    5
    Correct
    Wrong
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Answer : 2. "3"
Explanation :

Answer: B) 3 Explanation: According to the given data, P + Q = 41 ......(1) R - 1 = P + 2 R = P + 3 and P + 4 = Q - 1 => Q = P + 5 ....(2) From (1)&(2) P = 18 Q = 18 + 5 = 23 R = 18 + 3 = 21 => P/S = 3/4 => S = 4/3 x 18 = 24 Required Difference = S - R = 24 - 21 = 3.

Q: A man saves 20% of his monthly salary. If an account of dearness of things he is to increase his monthly expenses by 15%, he is only able to save Rs. 400 per month. What is his monthly salary ? 2671 0

  • 1
    Rs. 6000
    Correct
    Wrong
  • 2
    Rs. 4500
    Correct
    Wrong
  • 3
    Rs. 5000
    Correct
    Wrong
  • 4
    Rs. 6500
    Correct
    Wrong
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Answer : 3. "Rs. 5000"
Explanation :

Answer: C) Rs. 5000 Explanation: Income = Rs. 100 Expenditure = Rs. 80 Savings = Rs. 20 Present Expenditure 80x(15/100) = Rs. 12 = 80 + 12 = Rs. 92 Present Savings = 100 – 92 = Rs. 8 100 ------ 8? --------- 400 => 5000 His salary = Rs. 5000

Q: The bankruptcy of which company initiated the Panic of 1873? 2671 0

  • 1
    Republic Steel Company
    Correct
    Wrong
  • 2
    Jay Cooke & Company
    Correct
    Wrong
  • 3
    Standard Oil Company
    Correct
    Wrong
  • 4
    Century Building Society
    Correct
    Wrong
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Answer : 2. "Jay Cooke & Company"
Explanation :

Answer: B) Jay Cooke & Company Explanation: Jay Cooke & Company, a major component of the United States banking establishment, found itself unable to market several million dollars in Northern Pacific Railway bonds in september 1873. Cooke's firm, like many others, had invested heavily in the railroads.   Hence, the bankruptcy of Jay Cooke & company initiated the Panic of 1873.

Q: Which payment method typically charges the highest interest rates? 2669 0

  • 1
    Credit cards
    Correct
    Wrong
  • 2
    Payday loans
    Correct
    Wrong
  • 3
    Cashier's checks
    Correct
    Wrong
  • 4
    Pre-paid cards
    Correct
    Wrong
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Answer : 2. "Payday loans"
Explanation :

Answer: B) Payday loans Explanation: Both Credit cards and Payday loans payment methods typically charges the highest interest rates. When compared Payday loans seems to charge a little bit higher interest rates than Credit Cards interest rates.

Q: Heritable variation is required for which of the following? 2668 0

  • 1
    Evolution
    Correct
    Wrong
  • 2
    Asexual reproduction
    Correct
    Wrong
  • 3
    Mitosis
    Correct
    Wrong
  • 4
    Meiosis
    Correct
    Wrong
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Answer : 1. "Evolution"
Explanation :

Answer: A) Evolution Explanation: Heritable variation is one of the four most important factors that affect whether natural selection can occur. These factors include 1) Heritable variation 2) Descent with modification 3) Struggle for survival, and necessarily if the others are satisfied 4) Survival of the fittest. Heritable variation allows for possibly beneficial, negative, or even neutral mutations to get filtered during each generation by natural selection--weeding out negative mutations, passing on positive and neutral ones. Without heritable variation, species would quickly fall victim to parasites who take advantage of identical genetic material in a population and evolution would not occur. Variation is the raw material of evolution.

Q: When Ionic bonds are formed metallic atoms tend to 2664 0

  • 1
    share electrons
    Correct
    Wrong
  • 2
    gain electrons
    Correct
    Wrong
  • 3
    lose electrons
    Correct
    Wrong
  • 4
    None of above
    Correct
    Wrong
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Answer : 3. "lose electrons"
Explanation :

Answer: C) lose electrons Explanation: Ionic bonding is the complete transfer of valence electron(s) between atoms. It is a type of chemical bond that generates two oppositely charged ions. In ionic bonds, the metal loses electrons to become a positively charged cation, whereas the nonmetal accepts those electrons to become a negatively charged anion.   Hence, when Ionic bonds are formed metallic atoms tend to lose electrons and become positive ions

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