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"NAB Exam 2023: Full Solution Graded A with Verified Answers and Detailed Rationale"

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"NAB Exam 2023: Full Solution Graded A with Verified Answers and Detailed Rationale"

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Uploaded on
February 4, 2025
Number of pages
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Written in
2024/2025
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Exam (elaborations)
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1. What is the primary objective of the IMF (International Monetary
Fund)?

A. To promote global peace and security

B. To facilitate international trade agreements
C. To provide financial assistance to countries facing balance of payments
problems

D. To regulate the global stock markets

Answer: C
Rationale: The IMF’s primary objective is to provide financial assistance
and advice to countries facing economic crises, particularly those with
balance of payments problems.



2. Which of the following countries has the largest population?

A. India

B. China

C. United States

D. Indonesia

Answer: B

Rationale: China has the largest population in the world, followed closely by
India. The population of China exceeds 1.4 billion people, while India’s
population is just under 1.4 billion.



3. Which of the following elements is a noble gas?

,A. Oxygen

B. Nitrogen

C. Neon

D. Hydrogen

Answer: C
Rationale: Neon is a noble gas. Noble gases are chemically inert and do not
readily form compounds with other elements. Oxygen, nitrogen, and
hydrogen are not noble gases.



4. What is the main purpose of a balance sheet in accounting?

A. To calculate income tax

B. To show the company's revenue for the year
C. To display the company's assets, liabilities, and equity at a specific point
in time

D. To track the company's sales figures

Answer: C
Rationale: A balance sheet shows the company's financial position at a
specific point in time, including its assets, liabilities, and shareholders'
equity. It helps assess the company's stability and financial health.



5. Which of the following is the first stage in the process of cellular
respiration?

A. Electron Transport Chain

B. Glycolysis

C. Krebs Cycle

, D. Photosynthesis

Answer: B

Rationale: Glycolysis is the first stage of cellular respiration, where glucose
is broken down into pyruvate, releasing a small amount of energy.



6. What does "DNA" stand for in biology?

A. Deoxyribonucleic Acid

B. Dinitrogenic Acids

C. Dynamic Nucleic Acids

D. Dimeric Nucleic Acid

Answer: A

Rationale: DNA stands for Deoxyribonucleic Acid, which is the molecule
that carries genetic information in living organisms.



7. Which of the following best describes the role of enzymes in biological
reactions?

A. Enzymes increase the energy required for a reaction

B. Enzymes decrease the speed of the reaction

C. Enzymes speed up the reaction by lowering activation energy

D. Enzymes are consumed in the reaction

Answer: C
Rationale: Enzymes are biological catalysts that speed up chemical
reactions by lowering the activation energy required. They are not
consumed in the process.

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