Bank PO Questions


Q:

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time

A) Rs.51.25 B) Rs.61.25
C) Rs.51 D) Rs.42
 
Answer & Explanation Answer: A) Rs.51.25

Explanation:

Sum = Rs.(50*100)/2*5=Rs.500

Amount=Rs.[500*(1+5/100)2]

= Rs. 551.25

 

 C.I = Rs.(551.25-500)= Rs.51.25

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

0 5074
Q:

Patanjali and Reliance Jio has ranked _____ respectively, in Top 10 influencial Brands of India ?

A) 4 & 9 B) 3 & 10
C) 2 & 1 D) 5 & 6
 
Answer & Explanation Answer: A) 4 & 9

Explanation:

Ramdev promoted Patanjali Ayurveda and Reliance Jio have featured among the top 10 most influential brand in India, according to a study by the global research firm Ipsos.

Home grown Patanjali and Mukesh Ambani’s controlled Reliance Jio have bagged the fourth and ninth position, respectively. Interestingly, Patanjali and Reliance Jio made an impressive entry as they did not figure in the previous edition of the study.

Besides, Google has been ranked at the top slot while Microsoft and Facebook were ranked at number two and three, respectively. State Bank of India (SBI) being the only financial institution that made to the list, moved up four ranks to take the fifth position. E-commerce player Flipkart dropped three spots to take the tenth place while Amazon climbed couple of steps to take the sixth place. Other companies that made to the list include Samsung (7th) and Airtel (8th).

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

13 5072
Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

0 5071
Q:

Heritable variation is required for which of the following?

A) Evolution B) Asexual reproduction
C) Mitosis D) Meiosis
 
Answer & Explanation Answer: A) Evolution

Explanation:

Heritable variation is one of the four most important factors that affect whether natural selection can occur. These factors include

1) Heritable variation

2) Descent with modification

3) Struggle for survival, and necessarily if the others are satisfied

4) Survival of the fittest.

Heritable variation allows for possibly beneficial, negative, or even neutral mutations to get filtered during each generation by natural selection--weeding out negative mutations, passing on positive and neutral ones. Without heritable variation, species would quickly fall victim to parasites who take advantage of identical genetic material in a population and evolution would not occur.

Variation is the raw material of evolution.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

4 5068
Q:

What can be measured but not seen?

what_can_be_measured_but_not_seen1533301527.jpg image

Answer

TIME is what we can measure in Years, Months, Days, Hours, Minutes and Seconds but we cannot see.

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Subject: Logic Puzzles Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

5 5067
Q:

Which of these is unique to flowering plants?

A) double fertilization B) an embryo surrounded by nutritive tissue
C) haploid gametophytes D) pollen production
 
Answer & Explanation Answer: A) double fertilization

Explanation:

In flowering plants one sperm nucleus fertilizes the egg and the other sperm nucleus fuses with two other nuclei found within the ovule, thus forming triploid endosperm.

 

Hence, double fertilization is unique to flowering plants.

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

4 5064
Q:

Which of the following is not transferred by alveoli?

A) Gases B) Oxygen
C) Blood D) Carbondioxide
 
Answer & Explanation Answer: C) Blood

Explanation:

The main function of the pulmonary alveoli is to perform the transfer and exchange of gases. Here in the given options, blood is only one which is not gas.

 

Hence, blood is not transferred by alveoli.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

4 5063
Q:

The largest proportion of federal revenues comes from

A) borrowing B) excise taxes
C) social insurance taxes D) personal income taxes
 
Answer & Explanation Answer: D) personal income taxes

Explanation:

The largest proportion of federal revenues comes from personal income taxes. Almost half of all federal revenue (47 percent) comes from individual income taxes.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

2 5062