Bank Exams Practice Question and Answer

Q: The bankruptcy of which company initiated the Panic of 1873? 2709 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: Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ? 2706 0

  • 1
    6.5%
    Correct
    Wrong
  • 2
    6%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    4.5%
    Correct
    Wrong
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Answer : 3. "5%"
Explanation :

Answer: C) 5% Explanation: C.I = P1+r100t-1   594.5 = 58001+r1002-1  594.55800+1=1+r1002   r100=1.05-1=0.05=> r = 5 % .

Q: The capacity of a tank is 2400 m3.  A pump can be used both for filling and emptying the tank.  The emptying capacity of the pump is 10 m3/minute higher than its filling capacity. And also, the pump needs 8 minutes less to empty the tank than to fill it. Find the filling capacity of the pump. 2706 0

  • 1
    46 cub.m/min
    Correct
    Wrong
  • 2
    44 cub.m/min
    Correct
    Wrong
  • 3
    48 cub.m/min
    Correct
    Wrong
  • 4
    50 cub.m/min
    Correct
    Wrong
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Answer : 4. "50 cub.m/min"
Explanation :

Answer: D) 50 cub.m/min Explanation: Let filling capacity of the pump be 'F' m3/min Then, the filling capacity of the pump will be (F + 10) m3/min From the given data, 2400F - 2400F+10= 8⇒ 2400 F+10-FF(F+10) =8⇒ F2 + 10F - 3000 = 0⇒ F = 50 m3/min

Q: Which payment type can help you stick to a budget? 2705 0

  • 1
    Payday loans
    Correct
    Wrong
  • 2
    Cash advances
    Correct
    Wrong
  • 3
    Debit cards
    Correct
    Wrong
  • 4
    Credit cards
    Correct
    Wrong
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Answer : 3. "Debit cards"
Explanation :

Answer: C) Debit cards Explanation: There are two payment types that will help you stick to your budget. 1. Cash2. Debit Card The amount in the debit card is the only amount you can spend to stay within budget. These method work because once you spend your money, you are done. You don’t have anything else to spend.   Credit cards, payday loans, and cash advances are all loans on future income. When you use a credit card, there is always just a little bit more you can spend. These types do not help you budget properly. In fact, these types encourage you to spend beyond your means and be out of budget.

Q: A boat takes 2 hours to travel from point A to B in still water. To find out its speed upstream, which of the following information is/are required? A. Distance between point A and B. B. Time taken to travel downstream from B to A. C. Speed of the stream of water. 2704 0

  • 1
    Only A and B
    Correct
    Wrong
  • 2
    Only B and C
    Correct
    Wrong
  • 3
    All are required
    Correct
    Wrong
  • 4
    Any one pair of A and B, B and C or C and A is sufficient
    Correct
    Wrong
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Answer : 4. "Any one pair of A and B, B and C or C and A is sufficient"
Explanation :

Answer: D) Any one pair of A and B, B and C or C and A is sufficient Explanation: Let distance between A & B = d kmLet speed in still water = x kmphLet speed of current = y kmph from the given data,d/x = 2 From A) we get dFrom B) we get d/x+yFrom C) we get y   So, Any one pair of A and B, B and C or C and A is sufficient to give the answer i.e, the speed of upstream.

Q: Find the Missing number in the given number series? 5, 9, 15, 23, ?, 45 2703 0

  • 1
    33
    Correct
    Wrong
  • 2
    29
    Correct
    Wrong
  • 3
    31
    Correct
    Wrong
  • 4
    35
    Correct
    Wrong
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Answer : 1. "33"
Explanation :

Answer: A) 33 Explanation: The given series follows a pattern that, +4, +6, +8, +10, +12... 5 5 + 4 = 9 9 + 6 = 15 15 + 8 = 23 23 + 10 = 33 33 + 12 = 45   Hence, the missing number in the series is 33.

Q: Here are some words translated from an artificial language. briftamint means 'militant'uftonel means 'occupied'uftonalene means 'occupation' Which word could mean "Occupant"? 2701 0

  • 1
    elamint
    Correct
    Wrong
  • 2
    briftalene
    Correct
    Wrong
  • 3
    uftonamint
    Correct
    Wrong
  • 4
    elbrifta
    Correct
    Wrong
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Answer : 3. "uftonamint"
Explanation :

Answer: C) uftonamint Explanation: Brift means the root word mili; the suffix amint means the same as the English suffix –tant; the root word ufton– means occupy; el means the suffix –ied of occupied; and alene means the suffix –tion. (Because ufton means occupy, choices a, b, and d can be easily ruled out.)

Q: Who translated Mahabharata into Persian? 2701 0

  • 1
    Jahangir
    Correct
    Wrong
  • 2
    Aurangzeb
    Correct
    Wrong
  • 3
    Akbar
    Correct
    Wrong
  • 4
    Shahjahan
    Correct
    Wrong
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Answer : 3. "Akbar"
Explanation :

Answer: C) Akbar Explanation: The Mahabharata was translated into Persian at Akbar’s orders, by Faizi and 'Abd al-Qadir Bada' uni (c. 1540 – 1615) and named Razmnameh.

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