Bank Exams Practice Question and Answer

Q: Internal controls are concerned with 2044 0

  • 1
    the extent of government regulations
    Correct
    Wrong
  • 2
    preparing income tax returns
    Correct
    Wrong
  • 3
    safeguarding assets
    Correct
    Wrong
  • 4
    only manual systems of accounting
    Correct
    Wrong
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Answer : 3. "safeguarding assets"
Explanation :

Answer: C) safeguarding assets Explanation: Internal control, as defined in accounting and auditing, is a process for assuring achievement of an organization's objectives in operational effectiveness and efficiency, reliable financial reporting, and compliance with laws, regulations and policies. A broad concept, internal control involves everything that controls risks to an organization.   Internal control is all of the policies and procedures management uses to achieve the following goals. Safeguard University assets - well designed internal controls protect assets from accidental loss or loss from fraud.   Ensure the reliability and integrity of financial information - Internal controls ensure that management has accurate, timely and complete information, including accounting records, in order to plan, monitor and report business operations.   Ensure compliance - Internal controls help to ensure the University is in compliance with the many federal, state and local laws and regulations affecting the operations of our business.   Promote efficient and effective operations - Internal controls provide an environment in which managers and staff can maximize the efficiency and effectiveness of their operations.   Accomplishment of goals and objectives - Internal controls system provide a mechanism for management to monitor the achievement of operational goals and objectives.   Hence, Internal controls are concerned with safeguarding assets.

Q: What movement tried to end racial discrimination? 2044 0

  • 1
    The Negro movement
    Correct
    Wrong
  • 2
    The Chipko movement
    Correct
    Wrong
  • 3
    The Civil Rights movement
    Correct
    Wrong
  • 4
    The Feminist movement
    Correct
    Wrong
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Answer : 3. "The Civil Rights movement"
Explanation :

Answer: C) The Civil Rights movement Explanation: The Civil Rights Movement :   The Civil Rights Movement in the United States was a struggle by black Americans to gain full citizenship rights and achieve racial equality. Individuals and organizations challenged discrimination with a variety of activities, including protest marches, boycotts, and refusal to abide by segregation laws. Many believe that the movement began with the bus boycott in Montgomery, Alabama, in 1955 and ended with the Voting Rights Act of 1965.

Q: The mean of 100 observations is 40. It is found that an observation 84 was misread as 48. Then the correct mean is ? 2044 0

  • 1
    40.36
    Correct
    Wrong
  • 2
    41.24
    Correct
    Wrong
  • 3
    41.92
    Correct
    Wrong
  • 4
    42.05
    Correct
    Wrong
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Answer : 1. "40.36"
Explanation :

Answer: A) 40.36 Explanation: Given, mean of 100 observations is 40 => Total of 100 observations = 40 x 100 = 4000 84 is misread as 48 => Difference = 84 - 48 = 36 => Now, new total of 100 observations = 4000 + 36 = 4036 Correct Mean = 4036/100 = 40.36

Q: 5 + 2 x 10 = 2043 0

  • 1
    70
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    25
    Correct
    Wrong
  • 4
    52
    Correct
    Wrong
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Answer : 3. "25"
Explanation :

Answer: C) 25 Explanation: According to BODMAS rule, After multiplication only, addition is done. Hence, 5 + 2 x 10 = 5 + 20 = 25.

Q: The energy associated with motion is called 2043 0

  • 1
    Potential energy
    Correct
    Wrong
  • 2
    Kinetic energy
    Correct
    Wrong
  • 3
    Both A & B
    Correct
    Wrong
  • 4
    None of the above
    Correct
    Wrong
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Answer : 2. "Kinetic energy"
Explanation :

Answer: B) Kinetic energy Explanation: Energy can be either a potential energy or a kinetic energy. The energy associated with motion is called Kinetic energy and it can be stored. And the energy associated with position is called Potential energyand it cannot be stored.

Q: What gets bigger the more you take away? 2043 0

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Answer :
Explanation :

A Hole gets bigger and bigger as you take more away from it.

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? 2042 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: Which Country has listed Yoga as a "sports activities"? 2042 1

  • 1
    Saudi Arabia
    Correct
    Wrong
  • 2
    UAE
    Correct
    Wrong
  • 3
    Slovenia
    Correct
    Wrong
  • 4
    Pakistan
    Correct
    Wrong
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Answer : 1. "Saudi Arabia"
Explanation :

Answer: A) Saudi Arabia Explanation:

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