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Q:

The gas provider Centrica has seen its half-year profits fall by 20% to £992 million. Despite this it has decided to increase its dividend to shareholders to 3.9p per share. The rise in energy prices released before the announcement of Centrica's profits was designed, said the company, to restore "reasonable profitability". The chief executive, Sam Laidlaw, said, "We produced a good set of results in tough market conditions... we will continue to concentrate on improving customer service in British Gas..." This is an interesting statement given the record rise in prices to households. The announcement of profits which are not far off one billion pounds, a day after the announcement of the rise in price and the increase in dividend to shareholders, is likely to provoke angry reaction. Many will question the extent of the market power that Centrica possesses. There will also be those that will question what the phrase 'reasonable profitability' means in the context of profits of nearly one billion pounds.

Question: 1) Announcing large profits, soon after announcing price rises, is likely to provoke angry reaction.

Question: 2) Companies increase shareholder dividends when profits fall.

Question: 3) One way companies can restore profitability is to increase prices.

Answer

Answer 1) True


Answer 2) Cannot tell


Answer 3) True

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Subject: Deriving Conclusions From Passages Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Bank Clerk , Bank PO

10 5612
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

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

2 5611
Q:

The value of log3437 is :

A) 1/3 B) -3
C) -1/3 D) 3
 
Answer & Explanation Answer: A) 1/3

Explanation:

log3437log73713log77We know that logxx = 1=> 13

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

12 5610
Q:

 83% of 2350 = ?

A) 1889.95 B) 1912.35
C) 1875.25 D) 1950.50
 
Answer & Explanation Answer: D) 1950.50

Explanation:
83% of 2350 = ?
 
83/100 x 2350
 
=8.3 x 235
 
=1950.50
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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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12 5605
Q:

On the eve of Christmas, all the things are kept in apple-pie order.

A) with neatness B) in perfect order
C) in jumbled order D) Both A & B
 
Answer & Explanation Answer: D) Both A & B

Explanation:
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Filed Under: Alphabet Test
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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15 5603
Q:

Name of the First fully India-made sub-urban train ?

A) Vedha B) Medha
C) Sudha D) Trivedha
 
Answer & Explanation Answer: B) Medha

Explanation:

Railway Minister Suresh Prabhu on 18th March, 2017 flagged off the first fully India-made suburban train 'Medha'. The train will save foreign exchange worth ₹32 crore per rake along with 25% saving in the manufacturing cost. It can run at a maximum speed of 105 km per hour, and has been fitted with LED lights and GPS-based passenger information system.

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

4 5601
Q:

A sum of money at simple interest amounts to Rs. 415 in 2 years and to Rs. 514 in 4 years. The sum is ?

A) Rs. 316 B) Rs. 251
C) Rs. 154 D) Rs. 294
 
Answer & Explanation Answer: A) Rs. 316

Explanation:

S.I. for 2 years = (514 - 415) = Rs. 99
S.I. for 1 year = 99/2

Principal = (415 - 99) = Rs. 316.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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2 5600
Q:

M, N and O can complete the work in 18, 36 and 54 days respectively. M started the work and worked for 8 days, then N and O joined him and they all worked together for some days. M left the job one day before completion of work. For how many days they all worked together?

A) 4 B) 5
C) 3 D) 6
 
Answer & Explanation Answer: B) 5

Explanation:

Let M, N and O worked together for x days.

From the given data,
M alone worked for 8 days
M,N,O worked for x days
N, O worked for 1 day

But given that
M alone can complete the work in 18 days
N alone can complete the work in 36 days
O alone can complete the work in 54 days

The total work can be the LCM of 18, 6, 54 = 108 units

M's 1 day work = 108/18 = 6 units
N's 1 day work = 108/36 = 3 units
O's 1 day work = 108/54 = 2 units

Now, the equation is
8 x 6 + 11x + 5 x 1 = 108
48 + 11x + 5 = 108
11x = 103 - 48
11x = 55
x = 5 days.

Hence, all M,N and O together worked for 5 days.

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

3 5599