Bank Exams Questions

Q:

The process of collecting, organizing and analyzing data is called

A) Statistics B) Data collection
C) Probability D) Systematic evaluation
 
Answer & Explanation Answer: A) Statistics

Explanation:

The process of collecting, organizing and analyzing data is called Statistics.

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Q:

Which is the most accurate statement about trade?

A) Trade makes some nations better off and others worse off B) Trading for a good can make a nation better off only if the nation cannot produce that good itself
C) Trade helps rich nations and hurts poor nations D) Trade can make every nation better off
 
Answer & Explanation Answer: D) Trade can make every nation better off

Explanation:
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Filed Under: Accounts Payable
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Q:

Which of the following is not a prime number?

A) 5 B) 11
C) 21 D) 37
 
Answer & Explanation Answer: C) 21

Explanation:

A prime number is a whole number greater than 1 whose only factors are 1 and itself.

 

Factors of 5 are 1, 5

Factors of 11 are 1, 11

Factors of 21 are 1, 3, 7, 21

Factors of 37 are 1, 37.

 

Hence, according to the definition of a prime number, 21 is not a prime number as it has more than two factors.

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Filed Under: Numbers
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Q:

The ratio of present ages of Simi and Seema is 5 : 4. After 9 years the ratio of their ages will be 8 : 7. What is Simi's present age (in years)?

A) 12 B) 15
C) 24 D) 21
 
Answer & Explanation Answer: B) 15

Explanation:
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Filed Under: Problems on Ages
Exam Prep: Bank Exams

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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:

The ages of Sunitha and Pranitha are 40 years and 60 years, respectively. How many years before the ratio of their ages was 3 : 5?

A) 10 years B) 15 years
C) 18 years D) 24 years
 
Answer & Explanation Answer: A) 10 years

Explanation:

Given the ages of Sunitha and Pranitha are 40 years and 60 years.

Let before 'm' years, their ages be in the ratio of 3 : 5

ATQ,

40-m60-m = 35

=> 200 - 5m = 180 - 3m

=>2m = 20

=> m = 10 years.

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Filed Under: Problems on Ages
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Q:

Who has been appointed as the first woman Secretary General of the Lok Sabha?

A) Rama Devi B) Sumitra Mahajan
C) Anupama Kare D) Snehlata Shrivastava
 
Answer & Explanation Answer: D) Snehlata Shrivastava

Explanation:

Snehlata Shrivastava, appointed as the first woman Secretary General of the Lok Sabha. The appointment was made by Lok Sabha Speaker Sumitra Mahajan. Ms. Shrivastava will replace Anoop Mishra, who retired on November 30, 2017. 

Ms. Shrivastava, a senior civil servant with 35 years of rich and varied administrative experience is a 1982 batch IAS officer from the Madhya Pradesh cadre.

Rama Devi holds the distinction of the being the first woman secretary general of the Rajya Sabha.

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Filed Under: General Awareness
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Q:

Express 3/8 and 1/10 as a Decimals?

A) 1.375 & 1 B) 0.375 & 1
C) 13.75 & 1.1 D) 0.375 & 0.1
 
Answer & Explanation Answer: D) 0.375 & 0.1

Explanation:

3/8 as a Decimal :

In this we should convert the denominator into 10, 100, 1000, 10000, 100000,... to make it simple.

Now to make 8 into 1000, we multiply numerator and denominator with 125

=> 3 x 1258 x 125 = 3751000 = 0.375

 

1/10 as a Decimal :

1 divided into 10 parts of each 0.1.

 

Therefore, 3/8 = 0.375 and 1/10 = 0.1 in decimals.

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Filed Under: Decimal Fractions
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