Bank PO Questions


Q:

When a women sells 20 articles for Rs. 160, there is 40% loss. How many articles should she sell for Rs. 240 in order to earn 20% profit ?

A) 16 B) 15
C) 17 D) 14
 
Answer & Explanation Answer: B) 15

Explanation:

Given when she sells at Rs. 160 for 20 articles, she get 40% loss.

 

Then, to get 20% profit selling at Rs. 240 for let 'P' articles

 

=> 1602060=240p120

 

=> 120 x 160 x P = 20 x 70 x 240

 

=> P =  15 articles.

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Filed Under: Profit and Loss
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

26 13262
Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

A) 6.06% B) 6.07%
C) 6.08% D) 6.09%
 
Answer & Explanation Answer: D) 6.09%

Explanation:

Amount of Rs. 100 for 1 year

when compounded half-yearly = Rs.[100*(1+3/100)^2]=Rs.106.09

Effective rate=(106.09-100)%=6.09%

 

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

10 13235
Q:

An automobile financier claims to be lending money at S.I., but he includes the interest every six months for calculating the principal. If he is charging an interest of 8%, the effective rate of interest becomes ?

A) 10.25 % B) 8.16 %
C) 9.63 % D) 0.16 %
 
Answer & Explanation Answer: B) 8.16 %

Explanation:

Let the sum be Rs. 100. Then,
S.I. for first 6 months = (100 x 8 x 1) / (100 x 2) = Rs. 4
S.I. for last 6 months = (104 x 8 x 1) / (100 x 2) = Rs. 4.16
So, amount at the end of 1 year = (100 + 4 + 4.16) = Rs. 108.16
Effective rate = (108.16 - 100) = 8.16%.

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

4 13218
Q:

The average age of a class is 19 years. While the average age of girls is 18 and that of boys is 21. If the number of girls in the class is 16, Find the number of Boys in the class?

A) 12 B) 10
C) 8 D) 6
 
Answer & Explanation Answer: C) 8

Explanation:

Let the number of boys = x

From the given data,

=> [21x + 16(18)]/(x+16) = 19

=> 21x - 19x = 19(16) - 16(18)

=> 2x = 16

=> x = 8

Therefore, the number of boys in the class = 8.

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

23 13215
Q:

On 24th Nov, 2007 Thursday falls. What day of the week was it on 10th Nov, 2006 ?

A) Wednesday B) Tuesday
C) Friday D) Thursday
 
Answer & Explanation Answer: A) Wednesday

Explanation:

The year 2006 is an ordinary year. So, it has 1 odd day.
So, the day on 24th Nov, 2007 will be 1 day beyond the day on 24th Nov, 2006.
But, 24th Nov, 2007 is Thursday.
24 - 10 = 14 days.
Therefore, 2 weeks ago it is same day.
Thus, 10th Nov, 2006 is one day before 10th Nov, 2007 i.e. it is Wednesday.

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

33 13210
Q:

The ratio between the length and the breadth of a rectangular park is 3 : 2. If a man cycling along the boundary of the park at the speed of 12 km/hr completes one round in 8 minutes, then the area of the park (in sq. m) is:

A) 153600 B) 143600
C) 13600 D) 16300
 
Answer & Explanation Answer: A) 153600

Explanation:

Let length = 3x metres and breadth = 2x metres.

Then, 2(3x + 2x) = 1600 or x = 160.

Length = 480 m and Breadth = 320 m.Area = (480 x 320) sq.m = 153600 sq.m

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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank PO

4 13203
Q:

Storage media such as a CD read and write information using _________

A) a laser beam of red light B) magnetic dots
C) magnetic strips D) All of these
 
Answer & Explanation Answer: A) a laser beam of red light

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams
Job Role: Bank PO

42 13201
Q:

An exhibition was conducted for 4 weeks. The number of tickets sold in 2nd workweek was increased by 20% and increased by 16% in the 3rd workweek but decreased by 20% in the 4th workweek. Find the number of tickets sold in the beginning, if 1392 tickets were sold in the last week ?

A) 1124 B) 1420
C) 1345 D) 1250
 
Answer & Explanation Answer: D) 1250

Explanation:

Let initially 'X' ticket has been sold.
So now in 2nd week 20% increases, so
=> X x 120/100
In 3rd week 16% increases, so
=> X x (120/100) x (116/100)
In 4th week 20% decrease, so
=> X x (120/100) x (116/100) x (80/100) = 1392
X = 1250.

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

6 13197