Bank PO Questions


Q:

What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

A) 3.5% B) 4%
C) 5% D) 6.5%
 
Answer & Explanation Answer: C) 5%

Explanation:

Let 'R%' be the rate of interest

From the given data,

25202400 = 1 + R10041 + R10031 + R100 = 6360R = 5

 

Hence, the rate of interest R = 5% per annum.

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Q:

Which of the following sports is relatively safe?

A) Free diving B) Sky diving
C) Cave diving D) None of the above
 
Answer & Explanation Answer: B) Sky diving

Explanation:

From the above given options, sky diving is safe compared to other two games which needs with hold of breath under water and in the caves.

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

2 4033
Q:

12 men complete a work in 14 days. 5 days after they had started working, 3 men join them. How many more days will all of them take to complete the remaining work?

A) 5 B) 4
C) 3 D) 2
 
Answer & Explanation Answer: C) 3

Explanation:

Let p be the required number of days.

From the given data,

12 x 14 = 12 x 5 + (12+3) x p 

12 x 14 = 12[5 + 3p]

14 = 5 + 3p

3p = 9

p = 3 days.

 

Hence, more 3 days all of them take to complete the remaining work.

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Filed Under: Time and Work
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO

2 4032
Q:

Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?

A) 4 : 5 B) 5 : 4
C) 7 : 6 D) 6 : 7
 
Answer & Explanation Answer: A) 4 : 5

Explanation:

Let x be the investment of Lasya in 5% and y be in 4%

x(5)(n)/100 = y(4)(n)/100

=> x/y = 4/5

x : y = 4 : 5

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

3 4032
Q:

India has a regional trade pact SAFTA. This pact is with members of which of the following group of countries?

A) IBSA B) EU
C) OPEC D) SAARC
 
Answer & Explanation Answer: D) SAARC

Explanation:
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Filed Under: General Awareness
Exam Prep: Bank Exams
Job Role: Bank PO

3 4032
Q:

Which of the following Rivers has no Bridges built over it?

A) Nile B) Congo river
C) Amazon river D) Yellow river
 
Answer & Explanation Answer: C) Amazon river

Explanation:

There are No bridges over The Amazon River.

The Amazon River, in South America, is the largest river by discharge volume of water in the world and the second longest in length after The Nile in Egypt.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

11 4030
Q:

Which continent is known as white continent?

A) Antarctica B) Europe
C) Asia D) Africa
 
Answer & Explanation Answer: A) Antarctica

Explanation:

Antarctica is known as white continent because 98% of it's area is covered by ice throughout the year.

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

15 4026
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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