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Bank PO Questions

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Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678 B) 4563
C) 4329 D) 6210.73
 
Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

 

 

 

M=P(1+i/365)^365n

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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

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Q:

A challenge that modern presidents face is

A) issuing executive orders. B) granting pardons.
C) recognizing foreign nations. D) leading their political party.
 
Answer & Explanation Answer: D) leading their political party.

Explanation:
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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which naxal affected district police has been selected for the International Association of Chiefs of Police (IACP) award this year for its community policing initiative focusing on the rehabilitation of Naxals  ?

A) Bastar Police, Chhattisgarh B) Lucknow Police, UP
C) Patna Police , Bihar D) Jaipur Police, Rajasthan
 
Answer & Explanation Answer: A) Bastar Police, Chhattisgarh

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

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Q:

What is the defining right of a representative democracy?

A) the right to vote B) the right to freedom of speech
C) the right to petition the government D) the right to freedom of religion
 
Answer & Explanation Answer: A) the right to vote

Explanation:

The defining right of a representative democracy is the ability to vote for representatives to make decisions on their behalf.

 

 What_is_the_defining_right_of_a_representative_democracy1557485298.jpg image

 

In democratic government, elections are held regularly, in which voters vote for someone who will serve in the levels of local, state, and federal government.

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

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Q:

How many periods in National Hockey League?

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

Explanation:

National Hockey League game is divide into 3 Periods each of 20 minutes. During the regular season, if the game ends in a tie, a 5 minute, sudden death overtime is played. In the playoffs, the overtime is 20 minutes long.

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

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Q:

Which day is observed as Rashtriya Ekta Diwas every year in India?

A) 31st July B) 31st March
C) 31st January D) 31st October
 
Answer & Explanation Answer: D) 31st October

Explanation:
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Filed Under: Important Days and Years
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

8 3532
Q:

What is name of capital of MARSHALL ISLANDS ?

A) Tunis B) Accra
C) Tripoli D) Majuro
 
Answer & Explanation Answer: B) Accra

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

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