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Bank Exams Questions

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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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Filed Under: Compound Interest
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Q:

Which is the only gem of world made of a single element?

A) Platinum B) Diamond
C) Emerald D) Ruby
 
Answer & Explanation Answer: B) Diamond

Explanation:

The only gem of world made of a single element is Diamond.

the_only_gem_of_world_made_of_a_single_element1563602197.jpg image

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

Who is competent to dissolve the Rajya Sabha?

A) The President B) The Rajya Sabha Chairman
C) The joint session of Parliament D) No one
 
Answer & Explanation Answer: D) No one

Explanation:

The upper house of the parliament is the Rajya Sabha and is a permanent body.

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

Manas sanctuary in assam known for

A) Tigers B) Birds
C) Bears D) Elephants
 
Answer & Explanation Answer: D) Elephants

Explanation:

Manas_sanctuary_in_assam_known_for1552911929.jpg image

 

Manas National Park or Manas Wildlife Sanctuary is a national park, UNESCO Natural World Heritage site in Assam is known for Elephants. It is located in the Himalayan foothills.

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Filed Under: Indian Geography
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Q:

The International Day for Monuments and Sites is observed globally on __________.

A) 19 April B) 18 April
C) 21 April D) 16 April
 
Answer & Explanation Answer: B) 18 April

Explanation:

Every year on 18 April, ICOMOS (International Council on Monuments and Sites) celebrates the International Day for Monuments and Sites (also called as World Heritage day), whose establishment was approved by the 22nd UNESCO General Conference in 1983.

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Filed Under: Important Days and Years
Exam Prep: Bank Exams , CAT
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Q:

What is pro forma ?

Answer

A pro forma invoice is a price quote and subject to change. Accounts Payable Services does not pay from pro forma invoices, statements, quotes or estimates.

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Subject: Accounts Payable Exam Prep: Bank Exams , CAT
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Q:

In an election between two candidates, the winning candidate has got 70% of the votes polled and has won by 15400 votes. What is the number of votes polled for loosing candidate?

A) 38500 B) 11550
C) 26950 D) 13550
 
Answer & Explanation Answer: B) 11550

Explanation:
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Filed Under: Percentage
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Q:

If E=5, PEN=35, then PAGE=?

A) 27 B) 28
C) 29 D) 30
 
Answer & Explanation Answer: C) 29

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

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