Bank Exams Practice Question and Answer

Q: A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was : 1491 0

  • 1
    Rs. 15,000
    Correct
    Wrong
  • 2
    Rs. 1,50,000
    Correct
    Wrong
  • 3
    Rs. 1500
    Correct
    Wrong
  • 4
    Rs. 1,62,000
    Correct
    Wrong
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Answer : 1. "Rs. 15,000"
Explanation :

Answer: A) Rs. 15,000 Explanation: Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.

Q: Who among the following economists gave the concept of "economies of scale". Which says "many goods and  services can be produced more cheaply in long series"? 1490 0

  • 1
    Edward C.Prescott
    Correct
    Wrong
  • 2
    Amartya Sen
    Correct
    Wrong
  • 3
    Gray S.Becker
    Correct
    Wrong
  • 4
    Paul Krugman
    Correct
    Wrong
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Answer : 4. "Paul Krugman"
Explanation :

Answer: D) Paul Krugman Explanation:

Q: How many Indian sites have been mentioned in the report ‘Not For Sale’ by the World Wide Fund for Nature ? 1488 0

  • 1
    5
    Correct
    Wrong
  • 2
    7
    Correct
    Wrong
  • 3
    6
    Correct
    Wrong
  • 4
    8
    Correct
    Wrong
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Answer : 2. "7"
Explanation :

Answer: B) 7 Explanation: The sites in India named include Nanda Devi and Valley of Flowers National Park, Kaziranga National Park, Manas Wildlife Sanctuary, Keoladeo National Park, Western Ghats, Great Himalayan National Park Conservation Area and Khangchendzonga National Park.

Q: I have three eyes but only one leg. I still close one even if you beg.  What am I? 1487 0

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Answer :
Explanation :

A traffic light. It has three 'eyes' (the red, orange and green lights) and the leg is the pole holding it up. Many people beg the light to stay green as they’re approaching.

Q: For intra-State movement, the e-way bill by GST council will be rolled out in a phased manner beginning April 15 and will cover all the States by 1487 0

  • 1
    May 1
    Correct
    Wrong
  • 2
    June 1
    Correct
    Wrong
  • 3
    May 31
    Correct
    Wrong
  • 4
    July 31
    Correct
    Wrong
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Answer : 1. "May 1"
Explanation :

Answer: A) May 1 Explanation: For intra-State movement, the e-way bill will be rolled out in a phased manner beginning April 15 and will cover all the States by June 1. Businesses will continue to file summary sales return GSTR-3B until June as the GST (Goods and Services Tax) Council has extended the present system of return-filing by three months. Electronic way or e-way bill for movement of goods between States would be implemented from April 1.

Q: How many minutes does a watch lose per day, if its hands coincide every 64 minutes ? 1486 0

  • 1
    36 7/9 min
    Correct
    Wrong
  • 2
    32 8/11 min
    Correct
    Wrong
  • 3
    34 3/11 min
    Correct
    Wrong
  • 4
    65 5/11 min
    Correct
    Wrong
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Answer : 2. "32 8/11 min"
Explanation :

Answer: B) 32 8/11 min Explanation: 55 min. spaces are covered in 60 min. 60 min. spaces are covered in min. = min. Loss in 64 min. = min. Loss in 24 hrs = min. = min.

Q: Who is the new Chairman of ISRO in 2018? 1486 0

  • 1
    K. Sivan
    Correct
    Wrong
  • 2
    S. Manish Arya
    Correct
    Wrong
  • 3
    A.S. Kiran Kumar
    Correct
    Wrong
  • 4
    Bibeth Roy
    Correct
    Wrong
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Answer : 1. "K. Sivan"
Explanation :

Answer: A) K. Sivan Explanation: Rocket specialist K. Sivan has been appointed as new Chairman of India's space agency ISRO for a three-year term. He replaces current ISRO Chairman A.S. Kiran Kumar, whose term ends January 14, 2018.   He is currently Director of Vikram Sarabhai Space Centre in Trivandrum.   His expertise gave ISRO ability to send 104 satellites in a single mission.

Q: GST Council has decided to keep a total of ________ items in the 28% slab, which was earlier 227. 1479 0

  • 1
    125
    Correct
    Wrong
  • 2
    87
    Correct
    Wrong
  • 3
    100
    Correct
    Wrong
  • 4
    50
    Correct
    Wrong
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Answer : 4. "50"
Explanation :

Answer: D) 50 Explanation: The GST Council on Nov 10th 2017 cut tax rates of over 175 products that were in the highest tax slab of 28% under the Goods and Services Tax (GST) regime.   Currently only 50 items have been left in the 28% category out of a total of 227 items that were present earlier.

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