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 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*12002*12000 =5%


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


Thus, I is redundant.



Hence, I or III redundan
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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

5 10315
Q:

Selling an article at a profit of 20%, Aman gets Rs. 400 more than selling at a loss of 20%. The cost price of the article is ?

A) Rs.1000 B) Rs. 1020
C) Rs.1210 D) Rs.1140
 
Answer & Explanation Answer: A) Rs.1000

Explanation:

Cost price of the article is given by

= 400x100/(20+20)

= Rs.1000

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

21 10302
Q:

K can build a wall in 30 days. L can demolish that wall in 60 days. If K and L work on alternate days, when will the wall be completed ?

A) 120 days B) 119 days
C) 118 days D) 117 days
 
Answer & Explanation Answer: D) 117 days

Explanation:

K's work in a day(1st day) = 1/30
L's work in a day(2nd day)= -1/60(demolishing)
hence in 2 days, combined work= 1/30 - 1/60 =1/60
since both works alternatively, K will work in odd days and L will work in even days.
1/60 unit work is done in 2 days
58/60 unit work will be done in 2 x 58 days = 116 days
Remaining work = 1-58/60 = 1/30
Next day, it will be K's turn and K will finish the remaining 1/30 work.
hence total days = 116 + 1 = 117.

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

13 10293
Q:

Deccan Education Society was founded by

deccan_education_society_was_founded_by1553511683.jpg image

A) Bal Gangadhar Tilak B) Jyotiba Phule
C) Firoz Shah Mehta D) Gopal Ganesh Agarkar
 
Answer & Explanation Answer: A) Bal Gangadhar Tilak

Explanation:

Deccan education society is an organization which runs 43 education establishments in Maharastra, Pune founded by Bal Gangadhar Tilak.

Deccan_Education_Society_was_founded_by11553511766.jpg image

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

8 10272
Q:

The market price of an article was 40% more than its cost price. Rana was going to sell it at market price to a customer, but he showed Rana some defects in the article, due to which Rana gave him a discount of 28.57%. Next day he came again and showed Rana some more defects, hence he gave him another discount that was equal to 12.5% of the cost price. What was the approximate profit/loss to Rana ?

A) Loss of 12.5% B) Profit of 12.5%
C) Loss of 24.5% D) Profit of 22.5%
 
Answer & Explanation Answer: A) Loss of 12.5%

Explanation:

Let the cost price be Rs. 100
Then, market price is Rs. 140
Now, the first discount is of 28.57% Rs.140 =~ Rs. 40
Hence, its selling price = 140 - 40 = Rs. 100
Now since Rana is selling at cost price, any further discount will be equal to loss percentage.
The next dicount of 12.5% will be the loss percentage to Rana.

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

11 10272
Q:

In a family, each daughter has the same number of brothers as she has sisters and each son has twice as many sisters as he has brothers. How many sons are there in the family ?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:

Assume the family has X girls and Y boys, according to the question,
we can have 2 equations:
X-1=Y, 2(Y-2)=X.
Solve the equations, we get X=4, Y=3.

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Filed Under: Arithmetical Reasoning
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Job Role: Bank Clerk , Bank PO

18 10270
Q:

Which of the following is the largest unit of storage?

A) GB B) KB
C) MB D) TB
 
Answer & Explanation Answer: D) TB

Explanation:

The storage capacity is measured in bytes, kilo bytes, mega bytes, giga bytes and tera bytes. The largest unit of storage is Tera bytes.

Which_of_the_following_is_the_largest_unit_of_storage1552389085.png image

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams , CAT
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16 10269
Q:

The cricket match proved to be a big draw. (Idioms & Phrases)

A) a huge attraction B) a game without any result
C) a keen contest D) a lovely spectacle
 
Answer & Explanation Answer: A) a huge attraction

Explanation:

Here it is an idiom that says The cricket match proved to be a big draw means it stands as a huge attraction.

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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
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2 10268