Bank Exams Questions

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Oligopoly is market structure where a small number of large firms are there. Oligopolistic industries are characterized by a few dominant firms and substantial entry barriers.

The second would employ a comma, or semi-colon, and not a colon so it is not properly punctuated.

The third sentence would not be correct because it uses 'like', usually used for comparison. Since you are not comparing two questions, it would not be appropriate.

The fourth sentence has 'is' before the colon, which is a implies declaration and not listing. So, again, it would not be appropriate.

Hence, the first sentence, however, is punctuated correctly.

All statements are based on demonetization, while sentence E talks about Greece’s Perpetual Crisis.

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)

Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

How it grows ::

South Africa hosted the 10th edition of BRICS Summit 2018 in Johannesburg on July 25.