Bank PO Questions


Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?

I. The rate of interest is 5 p.c.p.a.

II. Simple interest fetched on the same amount in one year is Rs. 600.

III. The amount borrowed is 10 times the simple interest in 2 years.

A) I only B) III only
C) I or II only D) .II and Either I or III only
 
Answer & Explanation Answer: D) .II and Either I or III only

Explanation:

 

 

I. gives, Rate = 5% p.a.

 

II. gives, S.I. for 1 year = Rs. 600.

 

III. gives, sum = 10 x (S.I. for 2 years).

 

Now I, and II give the sum.

 

For this sum, C.I. and hence amount can be obtained.

 

Thus, III is redundant.

 

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

 

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

 

Thus, Rate =

 

100 x 1200

 

= 5% p.a.

 

2 x 12000

 

Thus, C.I. for 2 years and therefore, amount can be obtained.

 

Thus, I is redundant.

 

Hence, I or III redundant.

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0 4261
Q:

Which is a better offer out of (i) a cash payment now of Rs.8100 or (ii) a credit of Rs.8250 after 6 months(6.5% S.I)

A) (i) B) (ii)
C) both (i) and (ii) D) none
 
Answer & Explanation Answer: A) (i)

Explanation:

PW = 100×Amount100+R×T

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Filed Under: True Discount
Exam Prep: Bank Exams
Job Role: Bank PO

8 4260
Q:

Townbank offers a term deposit account paying investors 12.5% p.a. simple interest on investments over $100 000 for 2 years or more. Peta decides to invest $150 000 in this account for 2 years. How much interest will Peta earn at the end of the investment?

A) 57500 B) 47500
C) 37500 D) 67500
 
Answer & Explanation Answer: C) 37500

Explanation:

I = (p x t x r)/100

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

0 4259
Q:

If        9 = 63              8 = 48             7 = 35 

Then   4 = ?

A) 4 B) 8
C) 12 D) 16
 
Answer & Explanation Answer: B) 8

Explanation:

Here given that 9 = 63, 8 = 48, 7=35, ... 

 

The given question follows a pattern that

9 x (9 - 2) = 9 x 7 = 63

8 x (8 - 2) = 8 x 6 = 48

7 x (7 - 2) = 7 x 5 = 35

 

Similarly, 4 x (4 - 2) = 4 x 2 = 8.

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8 4255
Q:

"Compounding frequency" refers to

A) What type of interest your account earns B) How often your interest is calculated and added back into your account
C) What interest rate you can expect from your account D) How easily you can add money into your account
 
Answer & Explanation Answer: B) How often your interest is calculated and added back into your account

Explanation:

Compounding frequency :

The time periods when interest will be calculated on top of the original loan amount (or) The number of compounding periods in one year.

 

The greater the compounding frequency, the more often your interest is calculated and added back into your account.

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1 4251
Q:

Find the next number in the series 2, 3, 4, 8, 9, 10, 11, 16, 17, 18, 19, 20,...

A) 27 B) 26
C) 24 D) 25
 
Answer & Explanation Answer: B) 26

Explanation:

The pattern is three consecutive numbers and then three consecutive numbers missing.Then four consecutive numbers and then four consecutive numbers missing.Then five consecutive numbers and then five consecutive numbers missing.

 

The next number=20+6=26

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

8 4251
Q:

A doppler effect occurs when a source of sound moves

A) away from you B) towards you
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

The Doppler effect or Doppler shift is the change in frequency or wavelength of a wave in relation to an observer who is moving relative to the wave source. 

a_doppler_effect_occurs_when_a_source_of_sound_moves1560770484.jpg image

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

5 4250
Q:

What color is a giraffe's tongue?

A) Purple B) Brown
C) Black D) Yellow
 
Answer & Explanation Answer: A) Purple

Explanation:

The color of giraffe's tongue is purple or bluish to prevent it from sunburn as it lives in tropical regions.

what_color_is_a_giraffes_tongue1545024284.JPG image

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Filed Under: Animals and Birds
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

8 4249