Analyst Questions


Q:

Avinash gave a sum of 5400 at the simple rate of interest of 8% to Rajeev for 4 years and Rajeev gave this amount to Chanukya at the rate of 6% for 4 years. Find how much extra amount has to be paid by Rajeev to Avinash after 4 years?

A) Rs. 364 B) Rs. 432
C) Rs. 498 D) Rs. 554
 
Answer & Explanation Answer: B) Rs. 432

Explanation:

Here Avinash gave to Rajeev and Rajeev gave the same to Chanukya

Principal amount and Time is same but the only difference is Rate of interest.

Rajeev took @ 8% and gave it to Chanukya @ 6%

Here the difference in interest rate = 2%

2% of 5400 should be the extra amount paid by Rajeev to Avinash

Required amount = 2 x 5400 x 4100 = 432

 

Hence, Rs. 432 is the extra amount has to be paid by Rajeev to Avinash after 4 years.

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Filed Under: Simple Interest
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Q:

What is true about certificates of deposit?

A) the money has to remain in the account for a specified period of time B) they are the most liquid account available
C) they offer lower interest rates than savings accounts D) All the above
 
Answer & Explanation Answer: A) the money has to remain in the account for a specified period of time

Explanation:

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

CD's are generally issued by commercial banks

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Filed Under: Bank Interview
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

ETCS means

A) Electronic Tax Collected at Source B) Electric Tax Collected at Source
C) Enable Tax Collected at Source D) Electrical Tax Collected at Source
 
Answer & Explanation Answer: A) Electronic Tax Collected at Source

Explanation:

Tax Collected at Source (TCS) is income tax collected in India payable by the seller who collects in turn from the buyer and it is provided under section 206C of Income Tax Act, 1961 at the sale of some goods which are specified.

E - TCS  is the process of filing TCS returns through electronic media. It is necessary for government and corporate collectors to file TCS returns in its electronic form. Collectors (other than government) have the provision to file TCS returns in physical form or electronic form.

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Filed Under: Accounts Receivable
Exam Prep: Bank Exams , CAT
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5 3742
Q:

Which of the following fraction is the largest?

A) 7/12 B) 9/16
C) 13/20 D) 32/80
 
Answer & Explanation Answer: A) 7/12

Explanation:

Here to say which fraction is greater from the given options, the fraction with greater numerator with same denominator or smaller denominator with same numerator.

To find the greater fraction, among the given options, make the denominators same for the options by finding the LCM of all the denominators.

7/12, 9/16, 13/20, 32/80

Now, LCM of 12, 16, 20, 80 = 240.

Then,

140/240, 135/240, 156/240, 96/240

Here 

156240 > 140240 > 135240 > 96240=> 1320 > 712 > 916 > 3280

 

Hence, largest fraction = 13/20.

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Filed Under: Decimal Fractions
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Q:

A milkman has 20 liters of milk. If he mixes 5 liters of water, which is freely available, in 20 liters of pure milk. If the cost of pure milk is Rs. 18 per litre, then the profit of the milkman, when he sells all the mixture at cost price, the profit % ?

A) 22.5% B) 25%
C) 20% D) 33.33%
 
Answer & Explanation Answer: B) 25%

Explanation:

As water costs free, water sold at cost price of milk gives the profit.

Required profit % = 5/20 x 100 = 5 x 5 = 25%.

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Filed Under: Alligation or Mixture
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Q:

Which alphabet is a tools?

A) X B) S
C) A D) Y
 
Answer & Explanation Answer: A) X

Explanation:

The letter 'X' resembles the same as the tool AXE in sounding.

 

Hence, the alphabet X is a tool.

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Q:

What is 15 as a decimal?

A) 0.333 B) 0.666
C) 0.200 D) 0.452
 
Answer & Explanation Answer: C) 0.200

Explanation:

Here I converted the original fraction to a fraction with the denominator being 10, because decimals can be written in the tenths place.

Divide numerator and denominator with '2'15 x 22 = 210 = 0.2

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Filed Under: Decimal Fractions
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Q:

Which best describes how air moves during convection?

A) cool air falls down B) warm air falls down
C) cool air is replaced by warm air D) air always falls down
 
Answer & Explanation Answer: A) cool air falls down

Explanation:

During convection, cool and dense air falls through the warmer and less dense air. The warm air having less mass is being displaced by the cooler which is much heavy. Convection always involves the air rising through the atmosphere.

 

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Filed Under: Physics
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