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Bank PO Questions

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Q:

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

A) 57500 B) 47500
C) 37500 D) 67500
 
Answer & Explanation Answer: C) 37500

Explanation:

I = (p x t x r)/100

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Filed Under: Simple Interest - Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

0 710
Q:

At what time between 3 and 4 o’clock will the minute hand and the hour hand are on the same straight line but facing opposite directions ?

A) 3:15 2/8 B) 3:49
C) 3:49 1/11 D) 3:51
 
Answer & Explanation Answer: C) 3:49 1/11

Explanation:

On straight line means 180 degree angle.
180 = 11/2 min – 30 hrs
180 = 11/2 m – 30 × 3
180 = 11/2 m – 90
(180 + 90) 2 = 11 m
m = 540/11 = 49 1/11 minutes.

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Filed Under: Clocks - Quantitative Aptitude - Arithmetic Ability
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

6 709
Q:

The minimum number of half years in which a sum of money kept at 60% compound interest will be quadrupled is ?

A) 2 B) 4
C) 3 D) 6
 
Answer & Explanation Answer: D) 6

Explanation:

Let us assume Amount be 100 Rs and we calculate in CI

First year 60% of 100 = 60 amount (100+60) is 160

Second year 60% of 160 = 96 amount (160+96) is 256

Third year 60% of 256 =153.6 amount (256+153.6) is 409.6

Here the Amount of 100 Rs is quadrapled in 3 years.

One year contains 2 half years

Three year has 6 half years.

 It takes 6 half years.

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Filed Under: Compound Interest - Quantitative Aptitude - Arithmetic Ability
Exam Prep: CAT
Job Role: Bank PO

10 709
Q:

India's Largest overseas investment in the UK is the Tata Corus deal. What is the UK's largest investment in India?

A) Vodafone B) Idea
C) Tetley D) Allianz
 
Answer & Explanation Answer: A) Vodafone

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams
Job Role: Bank PO

1 706
Q:

India's Grandmaster Vishwanathan Anand won the Rapid World Chess Championship by defeating

A) Anatoly Karpov B) Robert Fischer
C) Boris Spassky D) Levon Aronian
 
Answer & Explanation Answer: D) Levon Aronian

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams
Job Role: Bank PO

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