GATE Questions

Q:

First Bank to introduce ATM in India is ?

A) ICICI Bank B) HSBC Bank
C) HDFC Bank D) YES Bank
 
Answer & Explanation Answer: B) HSBC Bank

Explanation:

HSBC (Hongkong and Shanghai Banking Corporation) is the first bank to introduce ATM concept in India in the year 1987 in Mumbai.

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12 9722
Q:

World Wide Web is being standard by

A) W3C B) World Wide Web Standard
C) Worldwide corporation D) World Wide Consortium
 
Answer & Explanation Answer: A) W3C

Explanation:

World Wide Web is being standard by W3C.

 

The World Wide Web Consortium (W3C) is an international community where Member organizations, a full-time staff, and the public work together to develop Web standards. Led by Web inventor and Director Tim Berners-Lee and CEO Jeffrey Jaffe, W3C's mission is to lead the Web to its full potential.

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Filed Under: Computer
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10 9711
Q:

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A) Rs. 2000 B) Rs. 2100
C) Rs. 1900 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Given,
Compound rate, R = 10% per annum
Time = 2 years
C.I = Rs. 420
Let P be the required principal.
A = (P+C.I)
Amount, A = P1 + r100n

(P+C.I) = P1 + 101002

(P+420) = P[11/10][11/10]

P-1.21P = -420

0.21P = 420

Hence, P = 420/0.21 = Rs. 2000

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Filed Under: Compound Interest
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7 9690
Q:

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ %  ?

A) 5.2 yrs B) 7 yrs
C) 7.9 yrs D) 6.3 yrs
 
Answer & Explanation Answer: D) 6.3 yrs

Explanation:

P = Rs. 900, R = 3 ½ % = 7/2 %, T = 2 years. 

Therefore, 

S.I. = PTR/100

S.I. = Rs. (900 x 7/2 x 2/100) = Rs. 63

Now, P = Rs. 200, S.I. = Rs. 63, R = 5 %

Time = ((100 x 63) / (200 x 5) ) years = 6.3 years.

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Filed Under: Simple Interest
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6 9686
Q:

Which is not true of the Intertropical Convergence Zone?

A) It features heavy precipitation B) It's where the trade winds collide
C) It's a high-pressure zone with sinking air D) It is also known as the doldrums
 
Answer & Explanation Answer: C) It's a high-pressure zone with sinking air

Explanation:

The Inter-tropical convergence zone rather has rising air, with common thunderstorms and attendant precipitation and is known by seamen as the doldrums.

Inter-tropical convergence zone is where the trade winds collide.

 

Hence, it is not a high pressure zone with sinking air.

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5 9683
Q:

A Shepherd had n goats in the year 2000. In 2001 the no.of goats increased by 40% . In 2002 the no. of goats declined to 70%. In 2003 the no. of  goats grew by 30%. In 2004, he sold 10% goats, then he had only 34,398 goats. The percentage increase of the no.of goats in this duration was:

A) 14.66% B) 16.66%
C) 20% D) 33.33%
 
Answer & Explanation Answer: A) 14.66%

Explanation:

There is no need to use the no of goats i.e (34,398). let initially thete be 1000 goats then 

 

  1000 -----> 1400 -----> 980 -----> 1274 ----->1146.6

 

Thus the % increase = (1146.6-1000)/100 x 100= 14.66%

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Filed Under: Percentage
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7 9650
Q:

What is better, to have 70% discount or 40 and 30% discount consequently ?

A) 40% is better B) 70% is better
C) Both are same D) None
 
Answer & Explanation Answer: B) 70% is better

Explanation:

Let Price be Rs.100

1st CASE:

Then 100 x 70/100 = 70
=> price after discount = 100-70 = Rs.30

2nd CASE:

Then 100 x 40/100 = 40
=> price after discount = 100-40 = Rs.60
then
60 x 30/100 = 18
=> price after 2 consequent discount = 60-18 = Rs.42

=>from 1 and 2 cases, 70% discount is better.

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Filed Under: Percentage
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10 9626
Q:

Which state is known as land of setting sun in India?

A) Rajasthan B) Arunachal Pradesh
C) Kerala D) Gujarat
 
Answer & Explanation Answer: A) Rajasthan

Explanation:

Arunachal Pradesh is known as the land of rising sun whereas Rajasthan is known as the land of setting sun in Indian states.

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Filed Under: Indian Geography
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3 9621