Unity Bank Aptitude Test Past Questions & Answers

Unity Bank Aptitude Test Past Questions & Answers

Here are Unity Bank aptitude test questions with options and their respective answers:

What is the full form of "ATM"?

a) Automated Teller Machine

b) Advanced Transaction Module

c) Automated Transfer Method

d) Automatic Transaction Machine

Answer: a) Automated Teller Machine

Which of the following is not a type of bank account?

a) Savings Account

b) Checking Account

c) Fixed Deposit Account

d) Investment Account

Answer: d) Investment Account

What is the primary function of the central bank in a country?

a) Lending to commercial banks

b) Regulating interest rates

c) Issuing currency

d) All of the above

Answer: d) All of the above

What is the meaning of APR in the context of loans?

a) Annual Percentage Rate

b) Average Principal Rate

c) Advanced Payment Requirement

d) Accrued Profit Ratio

Answer: a) Annual Percentage Rate

Which of the following is a risk associated with investing in stocks?

a) Market risk

b) Inflation risk

c) Interest rate risk

d) All of the above

Answer: d) All of the above

What does the acronym "KYC" stand for in banking?

a) Know Your Customer

b) Keep Your Cash

c) Kindly Yield Cash

d) Keep Your Credit

Answer: a) Know Your Customer

What is the purpose of a SWIFT code?

a) To identify a bank branch

b) To track customer transactions

c) To calculate interest rates

d) To authorize online payments

Answer: a) To identify a bank branch

Which of the following is a form of electronic payment?

a) Cash

b) Cheque

c) Debit card

d) All of the above

Answer: c) Debit card

What is the formula for calculating compound interest?

a) A = P(1 + r/n)^(nt)

b) A = P(1 + r)^t

c) A = P(1 + t/n)^(nr)

d) A = P(1 + n/r)^(rt)

Answer: a) A = P(1 + r/n)^(nt)

Which of the following is a macroeconomic indicator?

a) Gross Domestic Product (GDP)

b) Exchange rate

c) Inflation rate

d) All of the above

Answer: d) All of the above

What is the purpose of diversification in investment?

a) To minimize risk by spreading investments

b) To maximize returns by focusing on a single asset

c) To reduce taxes on investment income

d) To eliminate the need for portfolio management

Answer: a) To minimize risk by spreading investments

What does the acronym "IFSC" stand for in the Indian banking system?

a) Indian Financial System Code

b) International Financial Services Corporation

c) Interbank Financial Security Committee

d) Institute of Financial Studies and Careers

Answer: a) Indian Financial System Code

Which of the following is a measure of a company's liquidity?

a) Current ratio

b) Debt-to-equity ratio

c) Return on investment

d) Earnings per share

Answer: a) Current ratio

What is the purpose of the Basel III framework in banking?

a) To regulate interest rates

b) To ensure financial stability and risk management

c) To facilitate international trade transactions

d) To promote ethical banking practices

Answer: b) To ensure financial stability and risk management

What is the role of a credit rating agency?

a) To provide loans to customers

b) To issue credit cards

c) To assess the creditworthiness of borrowers

d) To manage investment portfolios

Answer: c) To assess the creditworthiness of borrowers

Which of the following is an example of a fiscal policy measure?

a) Adjusting interest rates

b) Increasing government spending

c) Controlling the money supply

d) Regulating foreign exchange rates

Answer: b) Increasing government spending

What is the purpose of a balance sheet in financial statements?

a) To record revenue and expenses

b) To calculate taxes owed

c) To assess profitability

d) To present a snapshot of assets, liabilities, and equity

Answer: d) To present a snapshot of assets, liabilities, and equity

What is the role of a bank teller?

a) To manage investment portfolios

b) To process customer transactions

c) To analyze financial statements

d) To provide legal advice to clients

Answer: b) To process customer transactions

Which of the following is not a type of credit card?

a) Visa

b) Mastercard

c) American Express

d) Federal Reserve

Answer: d) Federal Reserve

What is the purpose of a profit and loss statement (income statement)?

a) To calculate the net worth of a company

b) To track changes in shareholder equity

c) To report revenue, expenses, and net income or loss

d) To assess market trends and competition

Answer: c) To report revenue, expenses, and net income or loss