Bank Exams Practice Question and Answer

Q: Which of the following is / are fund managers for National Pension System (NPS) in 2017 ? 1850 0

  • 1
    Axis provident fund
    Correct
    Wrong
  • 2
    Yes bank pension fund
    Correct
    Wrong
  • 3
    ICICI prudential pension
    Correct
    Wrong
  • 4
    Punjab National provident fund
    Correct
    Wrong
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Answer : 3. "ICICI prudential pension"
Explanation :

Answer: C) ICICI prudential pension Explanation: At present in 2017, there are only seven NPS fund managers viz. HDFC Pension Fund, ICICI Prudential Pension, Kotak Pension Fund, LIC Pension Fund,  Reliance Capital Pension, SBI Pension Fund and UTI Retirement Solutions.

Q: In a fractional reserve banking system 1850 0

  • 1
    bank accepts deposits
    Correct
    Wrong
  • 2
    bank accepts some loans
    Correct
    Wrong
  • 3
    bank has some cash reserves
    Correct
    Wrong
  • 4
    All the above
    Correct
    Wrong
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Answer : 4. "All the above"
Explanation :

Answer: D) All the above Explanation: Fractional reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.

Q: A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum? 1850 0

  • 1
    Rs. 7000
    Correct
    Wrong
  • 2
    Rs. 4500
    Correct
    Wrong
  • 3
    Rs. 9000
    Correct
    Wrong
  • 4
    Rs. 8200
    Correct
    Wrong
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Answer : 3. "Rs. 9000"
Explanation :

Answer: C) Rs. 9000 Explanation: Let Rs. K invested in each scheme Two years C.I on 20% = 20 + 20 + 20x20/100 = 44% Two years C.I on 15% = 15 + 15 + 15x15/100 = 32.25% Now, (P x 44/100) - (P x 32.25/100) = 528.75 => 11.75 P = 52875 => P = Rs. 4500   Hence, total invested money = P + P = 4500 + 4500 = Rs. 9000.

Q: If 25% of a number is subtracted from a second number, the second number reduces to its four-sixth. What is the ratio of the first number to the second number  ? 1849 0

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

Answer: A) 4:3 Explanation: Let the numbers be p & q q-p/4 = 4q/6 => q-4q/6 = p/4 => 2q/6 = p/4  => p/q = 4/3

Q: When is International Day of Families observed  ? 1849 0

  • 1
    May 13
    Correct
    Wrong
  • 2
    May 15
    Correct
    Wrong
  • 3
    May 16
    Correct
    Wrong
  • 4
    May 14
    Correct
    Wrong
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Answer : 2. "May 15"
Explanation :

Answer: B) May 15 Explanation: 15 May. Theme of International Day of Family 2017 is “Families, education and well-being”.

Q: 1/8 as a decimal? 1849 0

  • 1
    0.125
    Correct
    Wrong
  • 2
    0.225
    Correct
    Wrong
  • 3
    0.325
    Correct
    Wrong
  • 4
    0.425
    Correct
    Wrong
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Answer : 1. "0.125"
Explanation :

Answer: A) 0.125 Explanation: 1/8 to convert into decimal, Find an equivalent fraction with a denominator of a power of 10. In this case, we will use 1000. 18 x 125125 = 1251000 This can now be written as a decimal with 3 decimal places (because we have thousandths. i.e, 0.125   Hence, 18 as a decimal = 0.125

Q: What can you serve but never eat? 1849 0

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Answer :
Explanation :

A Badminton shuttle or a tennis ball.

Q: On the eve of Christmas, all the things are kept in apple-pie order. 1849 0

  • 1
    with neatness
    Correct
    Wrong
  • 2
    in perfect order
    Correct
    Wrong
  • 3
    in jumbled order
    Correct
    Wrong
  • 4
    Both A & B
    Correct
    Wrong
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Answer : 4. "Both A & B"
Explanation :

Answer: D) Both A & B Explanation:

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