AIEEE Questions

Q:

A driver of auto rickshaw makes a profit of 20% on every trip when he carries 3 passengers and the price of petrol is Rs. 30 a litre. Find the % profit for the same journey if he goes for 4 passengers per trip and the price of petrol reduces to Rs. 24 litres ?

A) 68% B) 80%
C) 75% D) 100%
 
Answer & Explanation Answer: D) 100%

Explanation:

When 3 passengers income was 3x
expense= Rs.30 
profit =20% of 30 = Rs.6 
That means his earning is Rs.36. so that per passenger fare must be Rs.12.

When 4 passengers
earning = 12x4=Rs.48.
expense =Rs.24.
profit = Rs.24 = 100%

Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

17 9451
Q:

A user type a content on 20 sheets, each sheet consist of 55 lines, and each line can have 66 characters. The content is again retyped on another set of sheets, these new sheets have 65 lines and each line can take 70 characters. Calculate the reduction in sheets ?

A) 2 or 60% B) 4 or 20%
C) 6 or 10% D) 8 or 5%
 
Answer & Explanation Answer: B) 4 or 20%

Explanation:

20 x 55 x 66 = L x 65 x 70
Here L = 72,600/4550 = 15.95 =~ 16
Reduction is 20-16 = 4

which is 20% reduction.

Report Error

View Answer Report Error Discuss

Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

3 4786
Q:

If 6 (P's Capital ) = 8 ( Q's Capital ) = 12 ( R's Capital ) , then out of the total profit of Rs 4650 , R will receive ?

A) Rs. 1033.33 B) Rs. 1024
C) Rs. 1148.14 D) Rs. 1245.32
 
Answer & Explanation Answer: A) Rs. 1033.33

Explanation:

Let
P's capital = p,
Q's capital = q and
R's capital = r.
Then

6p = 8q = 12r
=> 3p = 4q = 6r
=>q = 3p/4
r = 3p/6 = p/2
P : Q : R = p : 3p/4 : p/2
= 4 : 3 : 2
R's share = 4650 * (2/9) = 150*6 = Rs. 1033.33.

Report Error

View Answer Report Error Discuss

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

3 5655
Q:

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?

A) Rs. 300 B) Rs. 400
C) Rs. 1200 D) Rs. 1100
 
Answer & Explanation Answer: C) Rs. 1200

Explanation:

Let Althaf lent Rs. A at 14% per year.
Hence, Money lent at 12% = (1500-A);
Given, total interest = Rs. 186.
{(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
14A/100 + (18000 -12A)/100 = 186;
14A + 18000 - 12A = 186x100;
2A = 18600-18000;
A = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.

Report Error

View Answer Report Error Discuss

Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

1 3904
Q:

Kalyan purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years ?

A) Rs. 1,24,000 B) Rs. 1,44,000
C) Rs. 1,32,000 D) Rs. 1,62,000
 
Answer & Explanation Answer: B) Rs. 1,44,000

Explanation:

Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.

V2 = V11 - r100t
V2 = 196001 - 10071002

V2 = 196000(6/7)(6/7)

V2 = (196000x36)/49 = Rs. 1,44,000.

Report Error

View Answer Report Error Discuss

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

4 6189
Q:

In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?

A) Quarter months B) Half year
C) 2 years D) 1 year
 
Answer & Explanation Answer: B) Half year

Explanation:

3300 ----- 3% ↑ (1st time interval, 99) → 3399.

Here, time interval is given as half-yearly i.e. 6 months.

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

2 6147
Q:

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A) Rs. 2000 B) Rs. 2100
C) Rs. 1900 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Given,
Compound rate, R = 10% per annum
Time = 2 years
C.I = Rs. 420
Let P be the required principal.
A = (P+C.I)
Amount, A = P1 + r100n

(P+C.I) = P1 + 101002

(P+420) = P[11/10][11/10]

P-1.21P = -420

0.21P = 420

Hence, P = 420/0.21 = Rs. 2000

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

7 8359
Q:

What is the name of the scheme for providing physical aids and assisted-living devices for senior citizens belonging to BPL category that was launched in Andhra Pradesh’s Nellore district on 1 April 2017? 

A) Sarkari Yojana B) Yantra Laxmi
C) Rashtriya Vayoshri Yojana D) Vayovrudh Yojana
 
Answer & Explanation Answer: C) Rashtriya Vayoshri Yojana

Explanation:

“Rashtriya Vayoshri Yojana” was launched by the Ministry for Social Justice and Empowerment on 1 April 2017 at Nellore (Andhra Pradesh). Under the scheme, physical aids and assisted-living devices for senior citizens were distributed to senior citizens belonging to below poverty line (BPL) category.

– The scheme has been implemented through the sole implementing agency – Artificial Limbs Manufacturing Corporation (ALIMCO), a public sector undertaking. The aids to be distributed under the “Rashtriya Vayoshri Yojana” scheme include walking sticks, elbow crutches, walkers, tripods / quadpods, hearing aids, artificial dentures and spectacles.

– The ambitious scheme, first of its kind in the country, is expected to benefit 5,20,000 Senior citizens over a period of the 3 years.

Report Error

View Answer Report Error Discuss

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

2 2941