Bank Exams Questions

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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Q:

A women goes to market with Rs.500 to buy oranges.the prices of the oranges have decreased by 10% so he could buy 2kg more with the amount she had.What was the original price of the oranges ?

A) 22.77 B) 25.77
C) 27.77 D) 29.77
 
Answer & Explanation Answer: C) 27.77

Explanation:

If the price of the oranges decreases by 10%, the woman would save 10% of the money that is Rs.50 to buy the same amount as before.Now in Rs. 50 she can buy 2 kg more, therefore the current price of 1 kg of oranges is Rs25.Now, this current price is after 10% reduction.

 

 

 

Therefore, the original price =  25/0.9  = Rs. 27.77

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Filed Under: Profit and Loss
Exam Prep: CAT , Bank Exams
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37 13222
Q:

What should come in place of x in the following equation?

 x128 = 162x

A) 13 B) 12
C) 17 D) 16
 
Answer & Explanation Answer: B) 12

Explanation:

x128 = 162x

 

Then x2 = 162x128

  

   = Sqrt of 82 x 62 x 32

 

   = 8 x 6 x 3

 

   x2  = 144.

 

 x  = 12.

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Filed Under: Square Roots and Cube Roots
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8 13217
Q:

A and B invests Rs.10000 each, A investing for 8 months and B investing for all the 12 months in the year. If the total profit at the end of the year is Rs.25000, find their shares?

A) 10000 and 15000 B) 15000 and 10000
C) 5000 and 20000 D) 20000 and 5000
 
Answer & Explanation Answer: A) 10000 and 15000

Explanation:

As both A and B invest the same amounts, the ratio of their profits at the end of the year is equal to the ratio of the time periods for which they have invested.

 

Thus, the required ratio of their profits = A : B = 8 : 12 = 2 : 3.

 

Hence, share of A in the total profit = 2 x 25000/5 = Rs.10000

 

Similarly, share of B in the total profit = 3 x 25000/5 = Rs.15000

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Filed Under: Partnership
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10 13212
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
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4 13212
Q:

Which liquid is the most viscous?

A) Water B) Diesel
C) Milk D) Oil
 
Answer & Explanation Answer: D) Oil

Explanation:

Here Oil is the most viscous liquid.

The liquid with the most intermolecular force is high viscous. viscosity is how smoothly a liquid flows and how hardly the liquid flows it is highly viscous.

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Filed Under: Physics
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16 13208
Q:

Storage media such as a CD read and write information using _________

A) a laser beam of red light B) magnetic dots
C) magnetic strips D) All of these
 
Answer & Explanation Answer: A) a laser beam of red light

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams
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42 13205
Q:

There are 100 students in 3 sections A, B and C of a class. The average marks of all the three sections was 84. The average of B and C was 87.5 and the average marks of students in A section was :

A) 20 B) 35
C) 54 D) 40
 
Answer & Explanation Answer: A) 20

Explanation:

Numbers of students in section A = x
∴ Numbers of students in section B and C = (100 – x)
∴ x 70 + (100 – x) 87.5 = 84 100
=> 70x + 87.5 100 – 87.5x = 8400
=> 8750 – 17.5x = 8400
=> 17.5x = 8750 – 8400 => x = 20.

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Filed Under: Average
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