Home Subjects Bank PO / Clerk / RBI

Bank PO / Clerk / RBI

PO, Clerk, RRB — Quantitative, Reasoning, GK

494 Q 3 Topics Take Test
Advertisement
Difficulty: All Easy Medium Hard 481–490 of 494
Topics in Bank PO / Clerk / RBI
Q.481 Medium
What does the term 'Markdown' mean in banking context?
A Reduction in interest rates on deposits
B A discount offered by the bank on services
C The difference between buying and selling price of securities
D A penalty charged by RBI
Correct Answer:  C. The difference between buying and selling price of securities
EXPLANATION

Markdown refers to the spread between the bid-ask prices in securities trading by banks

Take Test
Q.482 Hard
Calculate the EMI for a loan of ₹5,00,000 at 10% p.a. for 5 years (60 months). (Use approximate formula)
A ₹9,500
B ₹10,600
C ₹11,000
D ₹12,500
Correct Answer:  B. ₹10,600
EXPLANATION

Using EMI formula: P[r(1+r)^n]/[(1+r)^n-1] ≈ ₹10,600 (Monthly rate = 10%/12)

Take Test
Q.483 Medium
If a bank's Net Interest Margin (NIM) increased from 2.8% to 3.2%, what does this signify?
A The bank's profitability has decreased
B The bank's profitability has improved
C The bank's lending has decreased
D There is no impact on profitability
Correct Answer:  B. The bank's profitability has improved
EXPLANATION

An increase in NIM indicates the bank is earning more profit on its lending and deposit operations

Take Test
Q.484 Easy
A data interpretation question: Bank X processed 5,000 transactions in Q1 2024, with 98% success rate. How many transactions failed?
A 100
B 98
C 102
D 50
Correct Answer:  A. 100
EXPLANATION

Failed transactions = 5,000 × 2% = 5,000 × 0.02 = 100 transactions

Take Test
Q.485 Medium
What is the current Statutory Liquidity Ratio (SLR) requirement set by RBI as per 2024-2025?
A 15%
B 18%
C 20%
D 25%
Correct Answer:  B. 18%
EXPLANATION

As of 2024, RBI maintains SLR requirement at 18% of Net Demand and Time Liabilities (NDTL)

Take Test
Q.486 Medium
If a bank's CAR (Capital Adequacy Ratio) is 15%, what does this indicate?
A The bank has ₹15 in capital for every ₹100 of assets
B The bank is undercapitalized
C The bank exceeds the minimum regulatory requirement
D Both A and C
Correct Answer:  D. Both A and C
EXPLANATION

CAR of 15% means the bank has adequate capital buffer. Regulatory minimum is 10.5%, so 15% indicates compliance and strength

Take Test
Q.487 Easy
A customer takes a loan of ₹2,00,000 at 12% p.a. for 5 years. What is the total simple interest?
A ₹1,20,000
B ₹1,40,000
C ₹1,60,000
D ₹2,00,000
Correct Answer:  A. ₹1,20,000
EXPLANATION

SI = (2,00,000 × 12 × 5)/100 = ₹1,20,000

Take Test
Q.488 Medium
In a bank's balance sheet, what does NPA (Non-Performing Asset) refer to?
A New Product Advancement
B Loans where payments are overdue by 90+ days
C Net Profit Amount
D National Policy Agreement
Correct Answer:  B. Loans where payments are overdue by 90+ days
EXPLANATION

NPA is a classification for loans where principal or interest payment is overdue by 90 days or more

Take Test
Q.489 Easy
What is the maximum deposit amount covered under DICGC insurance scheme as of 2024?
A ₹1 lakh per depositor per bank
B ₹2 lakh per depositor per bank
C ₹5 lakh per depositor per bank
D Unlimited
Correct Answer:  C. ₹5 lakh per depositor per bank
EXPLANATION

DICGC (now DIGC) covers maximum ₹5 lakh per depositor per bank since May 2021

Take Test
Q.490 Medium
A customer deposits ₹1,00,000 in a Fixed Deposit at 7% p.a. for 2 years with annual compounding. What is the final amount?
A ₹1,14,490
B ₹1,14,980
C ₹1,15,490
D ₹1,16,490
Correct Answer:  A. ₹1,14,490
EXPLANATION

A = P(1 + r/100)^n = 1,00,000(1.07)^2 = 1,00,000 × 1.1449 = ₹1,14,490

Take Test
IGET
iget AI
Online · Ask anything about exams
Hi! 👋 I'm your iget AI assistant.

Ask me anything about exam prep, MCQ solutions, study tips, or strategies! 🎯
UPSC strategy SSC CGL syllabus Improve aptitude NEET Biology tips