Bank PO Questions


Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22 B) 3456
C) 4567 D) 7890
 
Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

 

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

 

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

 

V = P(1 + r)10 = 5,000 x (1.04)10 = 7,401.22

 

Thus the value in this instance will be £7,401.22.

 

In a case such as this, the 8 per cent is called a nominal annual

 

rate, and we are actually referring to 4 per cent per six months.

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

1 4603
Q:

Which is not a sediment transporting agent?

A) Stratification B) Windstorms
C) Glacial Ice D) Stream water
 
Answer & Explanation Answer: A) Stratification

Explanation:

Stratification as actually the settling down of sediments with different properties to form layers/strata over years. Stratification especially occurs on the bed of water bodies such as oceans.

 

Stratified sedimentary rocks are used to study the ecological conditions over previous years/eras.  

 

The other choices like Windstorms, Glacial Ice and Stream water are mediums which sediments are transported.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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5 4602
Q:

Find the one which does not belong to that group ?

A) Neice B) Daughter
C) Daughter-in-law D) Mother
 
Answer & Explanation Answer: C) Daughter-in-law

Explanation:

All are blood relation except Daughter-in-law.

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Filed Under: Blood Relations
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

6 4601
Q:

World's smallest Computer is unveiled by

A) Infosys B) Intel
C) IBM D) Microsoft
 
Answer & Explanation Answer: C) IBM

Explanation:

IBM has unveiled the world's smallest computer - a device no bigger than a grain of salt. Presented at the company's Think 2018 conference in Las Vegas, Nevada, the unit measures just 1mm by 1mm but has the same processing power as the x86 chip that ran early Nineties IBM desktop computers.

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2 4600
Q:

Three athletes can complete one round around a circular field in 16, 24 and 36 min respectively. They start running together at same instant then after how much time they will meet to each other for first time ?

A) 2 hrs 24 min B) 2 hrs 44 min
C) 1 hrs 24 min D) 1 hrs 24 min
 
Answer & Explanation Answer: A) 2 hrs 24 min

Explanation:

Given that three athletes can complete one round around a circular field in 16, 24 and 36 min respectively.

Now, required time after which they met for the first time = LCM of (16, 24 & 36) min

Now, LCM of 16, 24, 36 = 144 minutes = 2 hrs 24 min.

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

15 4599
Q:

What kind of pet always stays on the floor?

A) Cat B) Dog
C) Carpet D) All of the above
 
Answer & Explanation Answer: C) Carpet

Explanation:

A Carpet is the pet which always stays on the floor.

Carpet_on_floor1531810151.jpg image

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Filed Under: Word Puzzles
Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

2 4597
Q:

IF YOU HAVE ME, YOU WANT TO SHARE ME. IF YOU SHARE ME, YOU HAVEN'T GOT ME. WHAT AM I?

Answer

A Secret is what you want to share if you have with you. And if you share that secret with anyone, then secret will not be with you only.

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24 4597
Q:

Which of the following is not a macronutrient?

A) Carbohydrates B) Calcium
C) Chlorine D) Proteins
 
Answer & Explanation Answer: C) Chlorine

Explanation:

Nutrients that are needed in large amounts are called Macronutrients.

 

There are three macronutrients required by humans:

1. carbohydrates (sugar),

2. lipids (fats), and

3. proteins.

 

Each of these macronutrients provides energy in the form of calories.

 

Some other macronutrients are: nitrogen (N), phosphorus (P), potassium (K), calcium (Ca), sulfur (S), magnesium (Mg), sodium (Na).

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

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