Bank Exams Questions

Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

R=S[i/(1+i)^n-1]

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Q:

I am a 5 letter word.

I am normally below you. If you remove my 1st letter, you'll find me above you. If you remove my 1st & 2nd letters, you can't see me.

What am I?

Answer

Firstly, I focussed on "If you remove my 1st & 2nd letters, you can't see me". The first thing that comes to mind which we can’t see is the "AIR".


 


So now, what 4 letter words can be formed ending with "AIR"? Think of all the words from A to Z, considering which one lies above you. That is how we get to "HAIR".


 


Now, which 5 letter word can be formed ending with "HAIR"? Starting with A to Z, we reach "CHAIR" and also, it lies below us.


 


And the required answer is "CHAIR".

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Q:

At what temperature (in Fahrenheit) pure water freezes?

A) 0 B) 17
C) 32 D) 39
 
Answer & Explanation Answer: C) 32

Explanation:

32oFWe know that T(°F) = T(°C) × 1.8 + 3232(°F) = 0(°C)

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Q:

How many periods in National Hockey League?

A) 2 B) 3
C) 4 D) 5
 
Answer & Explanation Answer: B) 3

Explanation:

National Hockey League game is divide into 3 Periods each of 20 minutes. During the regular season, if the game ends in a tie, a 5 minute, sudden death overtime is played. In the playoffs, the overtime is 20 minutes long.

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Q:

A man buys a trouser in Rs.1250. By reduction of 20% in the price of trouser, he can purchase a t-shirt also in the same amount that was initially paid for the trouser. Find the price of the t-shirt?

A) Rs. 250 B) Rs. 125
C) Rs. 225 D) Rs. 200
 
Answer & Explanation Answer: A) Rs. 250

Explanation:

Initial amount spent on trouser by the man = Rs. 1250

Now, by the reduction of 20% in 1250, he can buy t-shirt too.

=> t-shirt cost = 20% of 1250 = 20 x 1250/100 = 250

 

Therefore, the price of the t-shirt = Rs. 250.

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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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Q:

Instruments for measuring Solar Radiation?

A) Ammeter B) Pyranometer
C) Dynamometer D) Anemometer
 
Answer & Explanation Answer: B) Pyranometer

Explanation:

Solar radiation instruments may be produced to measure different types of solar energy. When sunlight encounters the Earth's atmosphere, some of it is absorbed or scattered by water vapor, aerosols, clouds, and other air molecules. The radiation which penetrates to the Earth's surface is termed direct solar radiation.

 

A thermopile pyranometer is a type of actinometer used for measuring solar radiation on a planar surface and it is designed to measure the solar radiation flux density (W/m2) from the hemisphere above within a wavelength range 0.3 μm to 3 μm.

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Filed Under: Physics
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Q:

Carbon, Diamond and Graphite are together called

A) Isomers B) Isotopes
C) Allotrope D) Isomorphs
 
Answer & Explanation Answer: C) Allotrope

Explanation:
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