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Bank PO Questions

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Q:

At the beginning of March, Ryan had $621 in his savings bank account. On 10 March he deposited $60. If the bank pays 8% p.a. interest paid monthly and calculated on the minimum monthly balance, calculate the interest Ryan earns in March.

A) 2.14 B) 3.14
C) 5.14 D) 4.14
 
Answer & Explanation Answer: D) 4.14

Explanation:

I = (P x T x R) /100

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

2 5043
Q:

Which of the following best describes Accounting?

A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business B) is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
C) records economic data but does not communicate the data to users according to any specific rules D) is of no use by individuals outside of the business
 
Answer & Explanation Answer: A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business

Explanation:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. 

Which_of_the_following_best_describes_Accounting1537425183.gif image

Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. 

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

0 5039
Q:

Dry ice is nothing but

A) Solid carbon dioxide B) Baking soda
C) Gaseous carbon dioxide D) Carbon monoxide
 
Answer & Explanation Answer: A) Solid carbon dioxide

Explanation:

dry-ice1531812120.jpg image

 

Dry ice is solid form of carbon dioxide, used as a cooling agent.

 

It lower temperature than that of water ice and not leave any residue.

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

5 5038
Q:

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time

A) Rs.51.25 B) Rs.61.25
C) Rs.51 D) Rs.42
 
Answer & Explanation Answer: A) Rs.51.25

Explanation:

Sum = Rs.(50*100)/2*5=Rs.500

Amount=Rs.[500*(1+5/100)2]

= Rs. 551.25

 

 C.I = Rs.(551.25-500)= Rs.51.25

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

0 5037
Q:

Which University has topped the Times Higher Education World University Rankings 2018 ?

A) IISC Bangalore B) Oxford
C) IIT Kanpur D) Cambridge
 
Answer & Explanation Answer: B) Oxford

Explanation:

In the annual World University Rankings released by Times Higher Education, the Indian Institute of Science of India has reached 251-300 band from last year's 201-250 band, while Oxford and Cambridge universities are on the top in the Global 1000 list.

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

8 5036
Q:

How many four digits numbers greater than 6000 can be made using the digits 0, 4, 2, 6 together with repetition.

A) 64 B) 63
C) 62 D) 60
 
Answer & Explanation Answer: B) 63

Explanation:

Given digits are 0, 4, 2, 6

Required 4 digit number should be greater than 6000.

So, first digit must be 6 only and the remaining three places can be filled by one of all the four digits.

This can be done by

1x4x4x4 = 64

Greater than 6000 means 6000 should not be there.

Hence, 64 - 1 = 63.

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

18 5035
Q:

Total 100 members are writing exam. In that 48 members are writing first exam, 45 members are writing second exam and 38 members are writing third exam. 5 members are writing all the three exams. How many members are writing 2 exams ?

A) 26 B) 23
C) 27 D) 21
 
Answer & Explanation Answer: D) 21

Explanation:

Total number of exams written by 100 students = 48 + 45 + 38 = 131
Now let us say x members are writing only 1 exam, y members are writing only 2 exams, z members are writing only 3 exams.
Therefore, x + 2y + 3z = 131 also x + y + z = 100.
Given that z = 5. So x + 2y = 116 and x + y = 95.
Solving we get y = 21.
So 21 members are writing exactly 2 exams.

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Filed Under: Problems on Numbers
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 5034
Q:

Which of the following is a legal requirement for PFDs?

A) PFDs must be properly sized for the intended wearer. B) Must be in good, serviceable condition.
C) Sizing for PFDs is based on body weight and chest size. D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

PFD's : Personal Flotation Devices (life jackets).

 

It is a legal requirement for a PFD to

1. Must be in good, serviceable condition 

2. PFDs must be properly sized for the intended wearer.

3. Sizing for PFDs is based on body weight and chest size.

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

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