In Excel, which function is used to calculate the interest rate per period of a loan? MCQ with Answer and Explanation

Question
In Excel, which function is used to calculate the interest rate per period of a loan?
A. NPER
B. RATE
C. IRR
D. PMT
Answer: Option B
Solution (By JKSSB Mock Tests)
RATE calculates interest rate per period.
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Question #1
What built-in reference tool in MS Word acts as a dictionary of synonyms to look up alternative word choices for a selected term?
A. Translate Panel
B. Smart Lookup
C. Thesaurus
D. Spell Checker
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Correct Answer: Option C

Explanation:
The Thesaurus tool (accessible via Shift + F7) searches for synonyms and antonyms for a selected word to improve vocabulary choices.
This question belongs to: Computer Microsoft Office
Question #2
What happens when you select text in MS Word and press the keyboard shortcut Ctrl + G?
A. Applies a green color highlight layer
B. Opens the 'Find and Replace' dialog box focusing directly on the 'Go To' tab
C. Launches the online research reference dictionary lookup helper
D. Groups multiple paragraphs into a structural container block
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Correct Answer: Option B

Explanation:
Ctrl + G (or F5) launches the Find and Replace window with the 'Go To' tab selected, which allows jumping to specific pages, sections, or line items.
This question belongs to: Computer Microsoft Office
Question #3
Which of the following field types in MS Access supports linking external multimedia structures, files, or objects created in third-party software applications directly into a table row?
A. Hyperlink
B. Calculated field type
C. Attachment
D. OLE Object
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Correct Answer: Option D

Explanation:
OLE Object (Object Linking and Embedding) allows files like spreadsheets, images, sounds, or document structures created in external applications to be embedded inside Access databases.
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