Dashen Bank Exam Questions and Answers 1 - Dagulink

3/21/24, 10:16 PM Dashen bank exam questions and answers 1 - Dagulink
Courses Exams Resources Career Tests Blogs 
Home » Career Tests » Banking Exams » Dashen Bank Exams » Dashen bank exam
questions and answers 1
Thanks for submitting your response!
Dashen Bank Exam Questions And Answers
Part 1: Verbal Aptitude
1. There are many historical sites in Ethiopia. One of them is Axum which is famous __its
obelisks.
 a. about
 b. in
 c. with
 d. for
Answer: d
2. Dear Sir, having read your advertisement, I would like to___ this letter as my Application
for the post of Graduate Trainee.
https://dagulink.com/career-tests/banking/dashen-bank-exams/dashen-bank-exam-questions-and-answers-1/ 1/25
 a. deliver
 b. submit

 c. return
 d. send
Answer: b
3. I am honored to be ___ to speak to you to night about my experience.

 a. demanded
 b. forced
 c. enquired
 d. invited
Answer: d
4. Those bottles belong ___ the top shelf.

 a. to
 b. on
 c. in
 d. with
Answer: a>
5. There is many ___of jobs in Ethiopia right now.

 a. ways
 b. brands
 c. kinds
 d. forms
Answer: c
6. Many people _____tried but no-one has succeeded so far.

 a. did
 b. have been
 c. were
 d. have
Answer: d
7. There is an additional ___added to the price of the product if you want it delivered to your
house.
 a. figure
 b. charge
 c. number
 d. charging
Answer: b
8. The boys gathered a bundle of ___________

 a. sticks
 b. people
 c. beads
 d. houses
Answer: a
9. AIDS has no cure so far. However, one day scientists will ___ find a cure for AIDS.
 a. can
 b. be able to
 c. been able to
 d. have been able to
Answer: b
10. Children usually ____quickly to all changes.

 a. suit
 b. fit
 c. change
 d. adjust
Answer: d
11. Most of the money _______ was donated to charity.

 a. raised
 b. gathered
 c. risen
 d. found
Answer: a
12. You must not drink and then ________ a car.

 a. lead
 b. drive
 c. take
 d. guide
Answer: b
13. Welcome back ____. In this session we’re going to take a look at some of the vocabulary
we used in the previous session.
 a. somebody
 b. everybody
 c. anybody
 d. nobody
Answer: b
14. The government is trying to mobilize additional funds for various projects. Hence, taxes
are being _______ by 10%.
 a. suggested
 b. increased
 c. offered
 d. invited
Answer: b
15. Smoking is not ______ on these premises.

 a. suggested
 b. left
 c. permitted
 d. increased
Answer: c
16. The job was _______ to Abebe but he turned it down.

 a. offered
 b. permitted
 c. left
 d. written
Answer: b
17. The car broke down, so we had to _______ a taxi.

 a) Hire
 b) Rent
 c) Borrow
 d) Buy
Answer: b
18. Please don’t forget to call me when you ___ home.

 a. will get
 b. are getting
 c. are going to get
 d. get
Answer: d
19. You should read this book, it’s been ______ recommended by all the critics.
 a. highly
 b. fully
 c. truly
 d. deeply
Answer: a
20. Identify the sentence with correct subject-verb agreement:

 a) The group of students is going on a field trip.
 b) The group of students are going on a field trip.
 c) The group of students were going on a field trip.
 d) The group of students am going on a field trip.
Answer: a
Explanation
The subject of the sentence is "the group of students." When we have a subject that consists
of a collective noun like "group," we need to consider whether the collective noun is acting as
a singular entity or as a collection of individuals.
In this sentence, "group" is acting as a singular entity, so we use the singular verb form "is" to
agree with it. Therefore, the correct sentence is:
a) The group of students is going on a field trip.
Part 2: Quantitative Aptitude
21. A book shop has increased prices by 20% on everything. If a book costs Br 108 now,
how much did it cost before the price increment?
 a. 88
 b. 90
 c. 100
 d. 80
Answer: b
Explanation
X + 20%X = 108
X + 0.2X = 108
1.2X = 108
X = 90
22. Items on a balance sheet with titles that include the word receivable are
 a. Liabilities
 b. Assets
 c. Owner’s Equity
 d. All
Answer: b
Explanation
Items on a balance sheet with titles that include the word "receivable" typically represent
assets. "Receivables" refer to amounts owed to a company or organization, such as accounts
receivable or notes receivable. These are considered assets because they represent future
economic benefits that the company expects to receive.
23. Ahmed buys a house for Br 200,000 and sells it at a profit of 15%. What is the selling
price of the house?
 a. Br 211,000
 b. Br. 225,000
 c. Br. 230,000
 d. Br. 201,000
Answer: c
Profit: 200,000 x 15% = 200,000 x 0.15 = 30,000
Selling price: 200,000 + 30,000 = 230,000
24. Decreases in assets are recorded as______ while Decreases in Liabilities are recorded as
_______.
 a. Credits/Debits
 b. Debits/Debits
 c. Debits/Credits
 d. Credits/Credits
The correct answer is: c. Debits/Credits
In accounting, decreases in assets are recorded as debits, while decreases in liabilities are
recorded as credits. This is based on the fundamental accounting equation, which states that
assets equal liabilities plus equity. When an asset decreases, it is recorded with a debit entry
to reflect the reduction in value. Similarly, when a liability decreases, it is recorded with a
credit entry to indicate the decrease in the amount owed.
25. Tamiru sold his Laptop for Br 15,800. If he bought it for Br 25,000 and spent Br. 1500 on
its Repairs, his loss percent is:
 a. 57.39%
 b. 40.38%
 c. 22%
 d. 59.623%
Answer: b
To calculate the loss percentage, we need to find the loss amount and then calculate it as a
percentage of the cost price.
The cost price of the laptop is the purchase price plus the repair cost:
Cost Price = Purchase Price + Repair Cost = Br. 25,000 + Br. 1,500 = Br. 26,500
The loss amount is the cost price minus the selling price:
Loss Amount = Cost Price - Selling Price = Br. 26,500 - Br. 15,800 = Br. 10,700
The loss percentage is calculated as (Loss Amount / Cost Price) * 100:
Loss Percentage = (10,700 / 26,500) * 100 ≈ 40.377... (rounded to 40.38%)
Therefore, the loss percentage is approximately 40.38%.
26. Which one of the following is different from the others?

 a. Assets
 b. Expenses
 c. Liabilities
 d. Owner’s Equity
Answer: b. Expenses
Among the options provided, "Expenses" is different from the others.
Assets, liabilities, and owner's equity are all categories on a company's balance sheet,
representing different types of financial elements.
Expenses, on the other hand, are recorded on the income statement and represent costs
incurred by a company in its normal business operations. While expenses can impact owner's
equity, they are not directly categorized as assets, liabilities, or owner's equity.
27. A sum of Br. 25,000 amounts to Br. 31,000 in 4 years time at a rate of simple interest.
What is the rate of interest?
 a. 3%
 b. 4%
 c. 5%
 d. 6%
Answer: c
To find the rate of interest, we can use the formula for simple interest:
Simple Interest = Principal * Rate * Time
In this case, the principal (P) is Br. 25,000, the amount (A) is Br. 31,000, and the time (T) is 4
years. We need to find the rate (R).
Using the formula, we can rearrange it to solve for the rate:
Rate = (Amount - Principal) / (Principal * Time)
Rate = (31,000 - 25,000) / (25,000 * 4)
Rate = 6,000 / 100,000
Rate = 0.06
To express this as a percentage, we multiply by 100:
Rate = 0.06 * 100
Rate = 6%
Therefore, the rate of interest is 6%.
28. A Supermarket has reduced prices by 6% on everything to thank their customers. If an

egg used to cost Br 2.99 before the price reduction, how much does it cost now?
 a. 2.93
 b. 2.81
 c. 2.75
 d. 2.87
Answer: b
2.99 - 2.99x6%
2.99 - 2.99x0.06
2.99 - 0.1794
2.8106 ≈ 2.81
29. Which financial statement has major sections showing Assets, Liabilities, and
Shareholders’ equity?
 a. Balance sheet
 b. Income statement
 c. Statement of cash flows
 d. None
Answer: a
30. A Computer Store has reduced the price of a computer by 15%. What is the original
price of the computer if the sale price is 13225 now?
 a. 15,000
 b. 10,250
 c. 11,000
 d. 11,500
Answer: d
Let original price be: X
Selling price = X + 15%X = 13225

X + .015X = 13225
1.15X = 13225
X = 11,500
31. How much will be the interest gained in two years from Br. 450 at 15% per annum of
simple interest?
 a. 125
 b. 135
 c. 145
 d. 155
Answer: b
Simple Interest = prt = 450 x 0.15 x 2 = 135
32. What is the VAT rate in Ethiopia?

 a. 10%
 b. 12%
 c. 15%
 d. 18%
Answer: c
VAT (Value Added Tax) in Ethiopia is 15%
33. In an election Abebe got 1,136 votes; Bekele got 7,636 votes and Hailu got 11,628 votes.
What percentage of the total votes did the winning candidate get?
 a. 57%
 b. 60%
 c. 65%
 d. 90%
Answer: a
Winning party is the one that got highest vote out of total number of votes.
Winner % = 11,628÷(1,136 + 7,636 + 11,628) = 11,628÷20,400 = 0.57 = 57%
34. If the cost of a table is Br 800 before VAT, what will be the total price including VAT?
 a. 920
 b. 880
 c.960
 d. 1,000
Answer: a
Selling price = price before VAT + VAT = 800 + 800×15% = 920
35. A sum of Br. 10,000 amounts to Br. 11,200 in one year at the rate of simple interest.
What is the rate of interest?
 a. 8%
 b. 15%
 c. 5.5%
 d.12%
Answer: d
Present amount = 11,200
Principal = 10,000
time = 1 yr = 1
rate = r?
S.I = Present Amount - Principal = 11,200 - 10,000 = 1,200
S.I =prt = 1,200 = 10,000r
10,000r = 1,200
r = 0.12 = 12%
36. A sum of money at simple interest amounts to Br. 737 in 1 year and to Br. 776 in 2 years.
The initial amount is:
 a. Br 650
 b. Br 690
 c. Br 698
 d. Br 700
Answer: c
Simple Interest = principal + principal * rate * time
S.I = p + prt
Scenario 1
t=1
present amount p.a = 737
p.a = p + prt = 737
p(1+rt) =737
p(1+r) = 737 . . . . . . . . (1)
Scenario 2
t=2
p.a = 776
p.a = p + prt = 776
p(1+rt) = 776
p(1+2r) = 776 . . . . . . . . (2)
From equation (1)
p(1+r) = 737
p = 737/(1+r) . . . . . . . (3)
Now substitute p in equation (2) by p in equation (3)
p(1+2r) = 776
737/(1+r) * (1+2r) = 776
737(1+2r)/(1+r) = 776
737(1+2r) = 776(1+r)
737 + 1474r = 776 + 776r
1474r - 776r = 776 - 737

698r = 39
r = 0.055874 = 5.5874% . . . .. . . (4)
Now substitute equation (4) into equation (1)
p(1+r) = 737
p(1 + 0.055874) = 737
p×1.055874 = 737
p = 737/0.055874
p = 697.999951
p = 698
37. A shopkeeper sells an item at a 25% discount, making a profit of 20%. What would be
the profit percentage if the item were sold at the marked price?
 a. 25%
 b. 60%
 c. 75%
 d. 40%
Answer: b
To find the profit percentage if the item were sold at the marked price, we need to calculate
the profit percentage based on the cost price and the selling price without the discount.
Let's assume the cost price of the item is 100 Br (for ease of calculation).
Given that the shopkeeper sells the item at a 25% discount, the selling price is 75% of the
marked price.
Selling Price = 75% of Marked Price = 0.75 * Marked Price
Since the shopkeeper makes a profit of 20%, the selling price is 120% of the cost price.
Selling Price = 120% of Cost Price = 1.2 * Cost Price
Equating the two expressions for the selling price, we have:
0.75 * Marked Price = 1.2 * Cost Price
Marked Price = (1.2 * Cost Price) / 0.75
Marked Price = (1.2 * 100) / 0.75 = 160 Br
The profit made by selling at the marked price is the difference between the selling price and
the cost price:
Profit = Marked Price - Cost Price = 160 - 100 = 60 Br
The profit percentage is calculated as (Profit / Cost Price) * 100:
Profit Percentage = (60 / 100) * 100 = 60%
Therefore, if the item were sold at the marked price, the profit percentage would be 60%.
38. A car travels at a speed of 60 km/h for the first half of the journey and 40 km/h for the
second half. What is the average speed of the car for the entire journey?
 a. 44 km/h
 b. 48 km/h
 c. 50 km/h
 d. 54 km/h
Answer: b
Average Speed = Total Distance / Total Time
Total distance = Distance 1 + Distance 2
Total time = Time 1+ Time 2
T1 = D/Speed 1 = D/60
T2 = D/Speed 2 = D/40
Avd speed = (D+D)/(T1 + T2) = 2D/(D/60 + D/40)
Avg. Speed = 2D/((2D + 3D)/120) = 2D/(5D/120)
Avg. Speed = (2D × 120)/5D = 48
39. The cost price of an article is Br. 500. If it is sold at a 20% profit, what is the selling
price?
 a. Br. 600
 b. Br. 520
 c. Br. 540
 d. Br. 480
Answer: a
To calculate the selling price of the article, we need to add the profit to the cost price.
Given that the cost price of the article is Br. 500 and the profit percentage is 20%, we can
calculate the profit amount as follows:
Profit = Profit Percentage * Cost Price
Profit = 20/100 * 500
Profit = 0.2 * 500
Profit = Br. 100
The selling price is the sum of the cost price and the profit:
Selling Price = Cost Price + Profit
Selling Price = Br. 500 + Br. 100
Selling Price = Br. 600
40. The average of five numbers is 32. If one number is excluded, the average becomes 35.
What is the excluded number?
 a. 24
 b. 22
 c. 20
 d. 26
Answer: c
Given that the average of five numbers is 32, we can calculate the sum of the five numbers
as follows:
Sum of five numbers = Average * Number of numbers
Sum of five numbers = 32 * 5
Sum of five numbers = 160
Now, we are told that the average becomes 35 when one number is excluded. Let's assume
the excluded number is x. In this case, the sum of the remaining four numbers would be:
Sum of four numbers = Average * Number of numbers
Sum of four numbers = 35 * 4
Sum of four numbers = 140
To find the excluded number, we can subtract the sum of the four numbers from the sum of
the five numbers:
Related Contents
Excluded
1. NIBnumber = Sumquestions
bank exam of five numbers - Sum of four numbers
and answers
Excluded number = 160 - 140
2. Abyssinia
Excluded number bank
= 20 exam questions and answers 1
3. Awash
Retake Quizbank exam questions and answers 2
4. Oromia bank exam questions and answers
5. Commercial Bank of Ethiopia exam questions and answers 1
6. Cooperative bank of Oromia exam questions and answers 1
7. Awash bank exam questions and answers 1
8. Dashen Bank Exams
9. Awash Bank Exams
10. Abyssinia Bank Exams
11. Hibret Bank Exams
12. Hibret bank qna #1
13. NIB bank qna #1
14. Oromia bank qna #1
15. Amhara bank qna #1
Courses
7th Grade Courses
8th Grade Courses
9th Grade Courses

10th Grade Courses
11th Grade Courses
12th Grade Courses
Exams
8th Grade National Exam Papers
12th Grade National Exam Papers
UEE – University Exit Exam
GAT – Graduate Admission Test
Resources
Lecture Notes
Aptitude Practice Tests
Tutorial Videos
Textbooks
Career Tests
Banking Exams
Ethiopian Airlines Exams
Ethio telecom Exams
Safaricom Ethiopia Exams
Scholarships
North America
Europe and Russia
Asia and Middle East
Oceania
Company
About Us
Contact Us
Follow us on:
Privacy Policy Terms of Use

© 2024, Dagulink. All rights reserved.

Dashen Bank Exam Questions and Answers 1 - Dagulink

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Dashen Bank Exam Questions and Answers 1 - Dagulink

Uploaded by

Copyright:

Available Formats

3/21/24, 10:16 PM Dashen bank exam questions and answers 1 - Dagulink

Courses Exams Resources Career Tests Blogs 

Part 1: Verbal Aptitude

3. I am honored to be ___ to speak to you to night about my experience.

4. Those bottles belong ___ the top shelf.

5. There is many ___of jobs in Ethiopia right now.

6. Many people _____tried but no-one has succeeded so far.

8. The boys gathered a bundle of ___________

10. Children usually ____quickly to all changes.

11. Most of the money _______ was donated to charity.

12. You must not drink and then ________ a car.

15. Smoking is not ______ on these premises.

16. The job was _______ to Abebe but he turned it down.

17. The car broke down, so we had to _______ a taxi.

18. Please don’t forget to call me when you ___ home.

20. Identify the sentence with correct subject-verb agreement:

Part 2: Quantitative Aptitude

The correct answer is: c. Debits/Credits

26. Which one of the following is different from the others?

28. A Supermarket has reduced prices by 6% on everything to thank their customers. If an

Selling price = X + 15%X = 13225

32. What is the VAT rate in Ethiopia?

1474r - 776r = 776 - 737

9th Grade Courses

Privacy Policy Terms of Use

You might also like