Exams


Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

A) 6.06% B) 6.07%
C) 6.08% D) 6.09%
 
Answer & Explanation Answer: D) 6.09%

Explanation:

Amount of Rs. 100 for 1 year

when compounded half-yearly = Rs.[100*(1+3/100)^2]=Rs.106.09

Effective rate=(106.09-100)%=6.09%

 

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

10 13282
Q:

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

A) 10.25 % B) 8.16 %
C) 9.63 % D) 0.16 %
 
Answer & Explanation Answer: B) 8.16 %

Explanation:

Let the sum be Rs. 100. Then,
S.I. for first 6 months = (100 x 8 x 1) / (100 x 2) = Rs. 4
S.I. for last 6 months = (104 x 8 x 1) / (100 x 2) = Rs. 4.16
So, amount at the end of 1 year = (100 + 4 + 4.16) = Rs. 108.16
Effective rate = (108.16 - 100) = 8.16%.

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Filed Under: Simple Interest
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4 13275
Q:

The ratio between the length and the breadth of a rectangular park is 3 : 2. If a man cycling along the boundary of the park at the speed of 12 km/hr completes one round in 8 minutes, then the area of the park (in sq. m) is:

A) 153600 B) 143600
C) 13600 D) 16300
 
Answer & Explanation Answer: A) 153600

Explanation:

Let length = 3x metres and breadth = 2x metres.

Then, 2(3x + 2x) = 1600 or x = 160.

Length = 480 m and Breadth = 320 m.Area = (480 x 320) sq.m = 153600 sq.m

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

4 13248
Q:

The sum of 3rd and 15th elements of an arithmetic progression is equal to the sum of 6th, 11th and 13th elements of the same progression. Then which element of the series should necessarily be equal to zero ?

A) 14th element B) 9th element
C) 12th element D) 7th element
 
Answer & Explanation Answer: C) 12th element

Explanation:

If we consider the third term to be ‘x”
The 15th term will be (x + 12d)
6th term will be (x + 3d)
11th term will be (x + 8d) and
13th term will be (x + 10d).
Thus, as per the given condition, 2x + 12d = 3x + 21d.Or x + 9d = 0.
x + 9d will be the 12th term.

Thus, 12th term of the A.P will be zero.

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Filed Under: Chain Rule
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35 13247
Q:

States earn maximum revenue through

A) excise duties B) commercial taxes
C) land revenue D) custom revenue
 
Answer & Explanation Answer: B) commercial taxes

Explanation:

States_earn_maximum_revenue_through1556278854.jpg image

 

States earn maximum revenue through commercial taxes

 

Commercial Tax is a form of sales tax, now referred to as GST(Goods and Service Tax) in India. It is levied on all kinds of commercial goods and services.

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

13 13241
Q:

If 5th March, 2005 is Monday, what was the day of the week on 5th March, 2004 ?

A) Sunday B) Monday
C) Tuesday D) Wednesday
 
Answer & Explanation Answer: A) Sunday

Explanation:

The year 2004 is a leap year. So, it has 2 odd days.

But, Feb 2004 not included because we are calculating from March 2004 to March 2005. So it has 1 odd day only.

The day on 5th March, 2005 will be 1 day beyond the day on 5th March, 2004.

Given that, 5th March, 2005 is Monday.

5th March, 2004 is Sunday (1 day before to 5th March, 2005).

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Filed Under: Calendar
Exam Prep: AIEEE , Bank Exams , CAT
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26 13228
Q:

Reading of a barometer going down is an indication of

A) Storm B) Rainfall
C) Snow D) Intense heat
 
Answer & Explanation Answer: B) Rainfall

Explanation:

Barometer is instrument which is used to measure to pressure. A slow downfall of reading suggests a low pressure area is passing in a nearby region, it may rains. If the reading is going down very fast then its an indication of storm (within 5-6 hours).

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

19 13226
Q:

Showing a man a woman said, "His brother's father is the only son of my grandfather". How is the woman related to the man? 

A) Sister B) Aunt
C) Sister-in-law D) Daughter-in-law
 
Answer & Explanation Answer: A) Sister

Explanation:

The man's brother's father means his father is the only son of woman's grandfather

=> grandfather to the man also

=> Woman and the man are brother and sisters.

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Filed Under: Blood Relations
Exam Prep: AIEEE , Bank Exams , CAT
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55 13223