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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

The investment bankers worked with the management of both the merging companies to ___________ a consensus on the merger terms.

A) express	B) emerge
C) elucidate	D) reach

Answer & Explanation Answer: D) reach

Explanation:

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Filed Under: English
Exam Prep: Bank Exams

Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

He said to the bankers, "These diamonds are more valuable than a billion dollars."

A) He told the bankers that these diamonds are more valuable then a billion dollars.	B) He has told the bankers this that those diamonds are more valuable than a billion dollars.
C) He told the bankers that those diamonds are more valuable than a billion dollars.	D) He told the bankers that those diamonds were more valuable than a billion dollars.

Answer & Explanation Answer: C) He told the bankers that those diamonds are more valuable than a billion dollars.

Explanation:

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Filed Under: English
Exam Prep: Bank Exams , CAT , GRE , TOEFL

Q:

The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs.100 and Rs.80 respectively. What is the sum and the time?

A) Sum = Rs.400 and Time = 5 years	B) Sum = Rs.200 and Time = 2.5 years
C) Sum = Rs.400 and Time = 2.5 years	D) Sum = Rs.200 and Time = 5 years

Answer & Explanation Answer: C) Sum = Rs.400 and Time = 2.5 years

Explanation:

BD = Rs.100

TD = Rs.80

R = 10%

$F = \frac{B D \times T D}{B D - T D} = \frac{100 \times 80}{100 - 80} = R s . 400$

BD = Simple interest on the face value of the bill for unexpired time= FTR/100

$\Rightarrow 100 = \frac{400 \times T \times 10}{100}$

=> T = 2.5 years

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Filed Under: Banker's Discount

Q:

The bankers gain of a certain sum due 2 years hence at 10% per annum is Rs 24 .The percent worth is

A) 400	B) 800
C) 500	D) 600

Answer & Explanation Answer: D) 600

Explanation:

T.D = (B.G * 100) / (Rate * Time)

(24*100) / (10 * 2)

= 120.

P.W = (100 *T.D) / (Rate * Time)

= (100 * 120) /(10 * 2)

= 600

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Filed Under: Banker's Discount

Q:

The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.

A) 1457	B) 1320
C) 1140	D) 1260

Answer & Explanation Answer: B) 1320

Explanation:

Sum = (B.D * T.D) / (B.D) -(T.D)

= (120 * 110) / (120 -110)

= 1320

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Filed Under: Banker's Discount

Q:

The bankers discount on Rs 1800 at 12 % per annum is equal to the true discount on Rs 1872 for the same time at the same rate .Find the time.

A) 4 months	B) 5 months
C) 6 months	D) 3 months

Answer & Explanation Answer: A) 4 months

Explanation:

S.I on Rs 1800 = T.D on Rs 1872

P.W of Rs 1872 is Rs 1800

Rs 72 is S.I on Rs 1800 at 12%

Time = (100 * 72)/(12 * 1800)

= 1/3 years = 4 months

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Filed Under: Banker's Discount

Q:

If the true discount on a certain sum due 6 months hence at 15% is Rs 120.What is the bankers discount on the same for same time and the same rate.

A) Rs.109	B) Rs.119
C) Rs.129	D) Rs.139

Answer & Explanation Answer: C) Rs.129

Explanation:

B.G = S.I On T.D

= Rs. (120 * 15 * 1/2 * 1/100)

= Rs.9

B.D - T.D = Rs.9

B.D = Rs.(120 +9) = Rs.129

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Filed Under: Banker's Discount

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