Bank PO Questions


Q:

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A) 5years B) 6years
C) 7years D) 8years
 
Answer & Explanation Answer: A) 5years

Explanation:

I=prt

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

3 3555
Q:

Calculate the effective interest rate compounded quarterly of a 13% annual rate.

A) 13.65% B) 14.665%
C) 15.65% D) 16.65%
 
Answer & Explanation Answer: A) 13.65%

Explanation:

E=(1+i/n)^n-1

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

0 3553
Q:

Which of the following terms is not used in banking sector?

A) Daily Product Basis B) Remittancel
C) Cash Reserve D) Actuary
 
Answer & Explanation Answer: D) Actuary

Explanation:

Actuary is the term which is not used in banking sector.

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

6 3552
Q:

Teressa Island is located in which union territory of India?

A) Andaman & Nicobar B) Pondicherry
C) Delhi D) Lakshadweep
 
Answer & Explanation Answer: A) Andaman & Nicobar

Explanation:

Teressa Island is located in Andaman & Nicobar of India.

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

6 3552
Q:

When during the Cell Cycle are Chromosomes visible?

A) only during interphase B) only during cell division
C) only during G1 phase D) only during they are replicated
 
Answer & Explanation Answer: B) only during cell division

Explanation:

During most of the cell cycle, interphase, the chromosomes are somewhat less condensed and are not visible as individual objects under the light microscope. However during cell division, mitosis, the chromosomes become highly condensed and are then visible as dark distinct bodies within the nuclei of cells. The chromosomes are most easily seen and identified at the metaphase stage of cell division and most of the chromosome images in this gallery are pictures of metaphase chromomosomes.

The cell division takes place in mitosis stage.

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

3 3551
Q:

Which city is known as the City of Prime Ministers?

A) Allahabad B) Varanasi
C) Hyderabad D) Ahmedabad
 
Answer & Explanation Answer: A) Allahabad

Explanation:

Allahabad is known as the City of Prime Ministers because seven out of 15 prime ministers of India since independence have connections to Allahabad(Jawaharlal Nehru, Lal Bahadur Shastri, Indira Gandhi, Rajiv Gandhi, Gulzarilal Nanda, Vishwanath Pratap Singh and Chandra Shekhar).

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

3 3550
Q:

What type of lens is a magnifying glass?

A) Diverging B) Spherical
C) Converging D) Achromatic
 
Answer & Explanation Answer: C) Converging

Explanation:

A magnifying glass is a convex lens that is used to produce a magnified image of an object. It is also called a hand lens in laboratory contexts.

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

5 3549
Q:

When a number is divided by 138 the remainder is 26. What will be the remainder if the same number is divided by 23 ?

A) 4 B) 6
C) 3 D) 1
 
Answer & Explanation Answer: C) 3

Explanation:

Number = quotient x divisor + remainder;
so, here
number = 138 k + 26
=> (23 x 6k) + (23+3)
=> 23(6k+1)+3
so, remainder is 3.

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

4 3549