Bank PO Questions


Q:

What is the difference between the compound interests on Rs. 5000 for 11⁄2 years at 4% per annum compounded yearly and half-yearly?

A) Rs. 1.80 B) Rs. 2.04
C) Rs. 3.18 D) Rs. 4.15
 
Answer & Explanation Answer: B) Rs. 2.04

Explanation:

Compound Interest for 1 12 years when interest is compounded yearly = Rs.(5304 - 5000)


Amount after 112 years when interest is compounded half-yearly 


Compound Interest for 1 12 years when interest is compounded half-yearly = Rs.(5306.04 - 5000)


Difference in the compound interests = (5306.04 - 5000) - (5304 - 5000)= 5306.04 - 5304 = Rs. 2.04

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Filed Under: Compound Interest
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Q:

A 300m race is held between two players running 3m/s and 5m/s in swimming pool of 50m long. how many times the two player meet in opposite direction till the faster one completes the race ?

A) 3 times B) 4 times
C) 5 times D) 2 times
 
Answer & Explanation Answer: A) 3 times

Explanation:

Let us assume A is the faster and B is slower, A takes 10s to finish a lap of 50 m, B takes 17s(approx) to finish a lap of 50 m.
So at 11th sec A starts his 2nd lap by the time B will be in between so that is the first time they will meet each other, at 21st sec A starts his 3rd lap by the time B will be coming back to finish his 2nd lap. So that is the second time they meet in opposite. Then at 31st sec A will start his 4th lap by the time B would not even finish 2nd lap as he take 34(2*17) sec to finish 2 laps. So at 35th sec B will start his 3rd lap by the time A will be coming back to finish his 4th lap in the half way so they will meet 3rd time. At 41st sec A will start its fifth lap by the time B will be going to finish 3rd lap in same direction. At 50th second both will complete A's 5th lap and B's 3rd lap. So they will start next lap(A's 6th and B's 4th) from the same point in same direction. And A will finish the race after completing 300m(6*50) total distance and then they wont meet opposite to each other.

So totally they met 3 times in opposite direction.

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Filed Under: Logic
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Q:

Find the odd man out 1 4 9 16 22 36?

A) 9 B) 16
C) 22 D) 36
 
Answer & Explanation Answer: C) 22

Explanation:

In the given series 1 4 9 16 22 36

1 = 1 x 1 

4 = 2 x 2

9 = 3 x 3

16 = 4 x 4

25 = 5 x 5 (Not 22)

36 = 6 x 6

 

Hence, the odd man in the series is 22.

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Filed Under: Odd Man Out
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Q:

A person walking 6/7 of his usual rate is 30 minutes late. What is his usual time ?

A) 2 hrs 50 min B) 3 hrs 25 min
C) 3 hrs D) 2 hrs 5 min
 
Answer & Explanation Answer: C) 3 hrs

Explanation:

Let t be the usual time. If the usual rate is 1 unit, then the unusual rate is 6/7.
Balance by the distance,
1 x t = (6/7)(t + 30)
7t = 6(t + 30)
we get t as,
t = 180 minutes = 3 hrs.

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Filed Under: Problems on Numbers
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2 5124
Q:

Heritable variation is required for which of the following?

A) Evolution B) Asexual reproduction
C) Mitosis D) Meiosis
 
Answer & Explanation Answer: A) Evolution

Explanation:

Heritable variation is one of the four most important factors that affect whether natural selection can occur. These factors include

1) Heritable variation

2) Descent with modification

3) Struggle for survival, and necessarily if the others are satisfied

4) Survival of the fittest.

Heritable variation allows for possibly beneficial, negative, or even neutral mutations to get filtered during each generation by natural selection--weeding out negative mutations, passing on positive and neutral ones. Without heritable variation, species would quickly fall victim to parasites who take advantage of identical genetic material in a population and evolution would not occur.

Variation is the raw material of evolution.

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Filed Under: Biology
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4 5123
Q:

A woman fills a bucket in 6 minutes. 1845 buckets have to be filled from 8 am. to 9:30 am. How many woman employees should be employed for this task?

A) 111 B) 117
C) 123 D) 139
 
Answer & Explanation Answer: C) 123

Explanation:

We know that, M1 × D1W1 = M2 × D2W2

Here M1 = 1, D1 = 6 min, W1 = 1 and M2 = M, D2 = 90 min, W2 = 1845

 

1 × 61 = M × 901845 

=> M = 123

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Filed Under: Time and Work
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Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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Filed Under: Compound Interest
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0 5120
Q:

Which of the following is not transferred by alveoli?

A) Gases B) Oxygen
C) Blood D) Carbondioxide
 
Answer & Explanation Answer: C) Blood

Explanation:

The main function of the pulmonary alveoli is to perform the transfer and exchange of gases. Here in the given options, blood is only one which is not gas.

 

Hence, blood is not transferred by alveoli.

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Filed Under: General Science
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