Bank Exams Practice Question and Answer
8Q: What is the Debit Balance recovery? How we can recover if we won’t have any future transactions from supplier ? 2363 05b5cc6d8e4d2b4197774e77e
5b5cc6d8e4d2b4197774e77e- Show AnswerHide Answer
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Answer :
Explanation :
The Debit balance recovery is usually made by raising a credit memo for the regular vendors. However if there are no future transactions from the supplier, we ask the vendor to send the check / make an EFT for the amount due from him. When payment is made to the wrong vendor or payment made in excess, in that case overpayment has gone to the vendor, so for us it is vendor debit balance. For debit balance recovery, we can either follow- up with the vendor to send us the excess amount / refund back, or we can adjust that extra amount in future invoices submitted by that vendor. In case no future transactions, we have to follow-up with the vendor, failing which we have to write off this amount.
Q: What do you understand by Intercompany Settlement ? 1319 05b5cc6d8e4d2b4197774e77d
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Answer :
Explanation :
A company may also have various company codes across the different locations. There will be exchange of services between these company codes. These goods and services which are shared or exchanged between these company codes are bring to terms during the month end process. The exchange difference has to be settled by a company code in the way of money transfer. This process is known as Intercompany Settlement.
Q: A heap of coconuts is divided into groups of 2, 3 and 5 and each time one coconut is left over. The least number of Coconuts in the heap is ? 2402 05b5cc6d8e4d2b4197774e778
5b5cc6d8e4d2b4197774e778- 163false
- 231true
- 316false
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Answer : 2. "31"
Explanation :
Answer: B) 31 Explanation: To get the least number of coconuts :LCM = 30 => 30 + 1 = 31
Q: Calculate the number of bricks, each measuring 25 cm x 15 cm x 8 cm required to construct a wall of dimensions 10 m x 4 cm x 6 m when 10% of its volume is occupied by mortar ? 2040 05b5cc6d8e4d2b4197774e76e
5b5cc6d8e4d2b4197774e76e- 1720true
- 2600false
- 3660false
- 46000false
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Answer : 1. "720"
Explanation :
Answer: A) 720 Explanation: Let the number of bricks be 'N' 10 x 4/100 x 6 x 90/100 = 25/100 x 15/100 x 8/100 x N 10 x 4 x 6 x 90 = 15 x 2 x N => N = 720.
Q: In one year, the Amount collected for social welfare, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the amount was 7920, what was it in the beginning ? 1671 05b5cc6d8e4d2b4197774e773
5b5cc6d8e4d2b4197774e773- 18800false
- 28650false
- 38000true
- 48980false
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Answer : 3. "8000"
Explanation :
Answer: C) 8000 Explanation: Let the amount collected be 'A'Then, from the given conditions,A x 110/100 x 90/100 = 7920 A x 0.99 = 7920 A = 7920/0.99=> 8000
Q: Two trains are moving in the same direction at 72 kmph and 36 kmph. The faster train crosses a girl sitting at window seat in the slower train in 32 seconds. Find the length of the faster train ? 5694 05b5cc6d8e4d2b4197774e769
5b5cc6d8e4d2b4197774e769- 1170 mfalse
- 2100 mfalse
- 3270 mfalse
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Answer : 4. "320 m"
Explanation :
Answer: D) 320 m Explanation: Relative speed = (72 - 36) x 5/18 = 2 x 5 = 10 mps.Distance covered in 32 sec = 32 x 10 = 320 m. The length of the faster train = 320 m.
Q: Which district in Andra Pradesh won the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee Act ? 1831 05b5cc6d8e4d2b4197774e75f
5b5cc6d8e4d2b4197774e75f- 1Vizianagaramtrue
- 2Vizagfalse
- 3Gunturfalse
- 4Srikakulamfalse
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Answer : 1. "Vizianagaram"
Explanation :
Answer: A) Vizianagaram Explanation: The Ministry of Rural Development has selected Vizianagaram as one among the 17 districts across the nation for the MGNREGA annual award for effective implementation of the Mahatma Gandhi National Rural Employment Guarantee Act during 2015-16. The award would be presented at the Mahatma Gandhi NREGA Sammelan to the district programme coordinator and District Collector on June 19, 2017 in New Delhi.
Q: A person travels from K to L a speed of 50 km/hr and returns by increasing his speed by 50%. What is his average speed for both the trips ? 1893 05b5cc6d8e4d2b4197774e764
5b5cc6d8e4d2b4197774e764- 155 kmphfalse
- 258 kmphfalse
- 360 kmphtrue
- 466 kmphfalse
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Answer : 3. "60 kmph"
Explanation :
Answer: C) 60 kmph Explanation: Speed on return trip = 150% of 50 = 75 km/hr. Average speed = (2 x 50 x 75)/(50 + 75) = 60 km/hr.