Bank PO Questions


Q:

What is the equivalent compound ratio of 5:6::7:10::6:5  ?

A) 7 : 9 B) 9 : 7
C) 7 : 4 D) 7 : 10
 
Answer & Explanation Answer: D) 7 : 10

Explanation:

Given 5:6 :: 7:10 :: 6:5

We know that compound ratio is calculated as
a:b :: c:d :: e:f
(axcxe):(bxdxf)

=> (5x7x6):(6x10x5)
=> (210):(300)
= 7:10

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Q:

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.

A) 59 B) 46
C) 48.75 D) 34.75
 
Answer & Explanation Answer: C) 48.75

Explanation:

I= 

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Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

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Q:

The First Indian city to get " Electric Radio Cabs " is ?

A) Goa B) Delhi
C) Hyderabad D) Nagpur
 
Answer & Explanation Answer: D) Nagpur

Explanation:

With India's pledge to go all electric by 2030, Nagpur will be the first city in the country to adopt electric cabs as the country moves a step closer to its goal.

The pilot project will see around 200 e-cabs in Nagpur with the local body to provide for the charging stations across the city.

Currently, Mahindra and Honda are few of the car-manufacturers who have electric and hybrid vehicles in their line-up. We do hope that the situation changes, as hybrid and electric vehicles will help in the growing pollution in India. Countries such as France, Netherland and Belgium have already started to adopt electric and hybrid vehicles.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

3 938
Q:

In India the Inflation is calculated on the basis of which of the following indexes?

A) Wholesale Price Index(WPI) B) Consumer Price Index(CPI)
C) Cash Reserve Ratio D) Sensitive Index of Bombay Stock Exchange (sensex)
 
Answer & Explanation Answer: A) Wholesale Price Index(WPI)

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

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