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Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

R=S[i/(1+i)^n-1]

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

0 3533
Q:

Voice in literary nonfiction refers to

A) description that appeals to the five senses B) the overall presence of a personality behind the text
C) the attitude that the author or narrator has toward the subject or reader D) nonfiction that uses elements and devices common in fictional stories
 
Answer & Explanation Answer: A) description that appeals to the five senses

Explanation:
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Filed Under: English
Exam Prep: AIEEE , Bank Exams , CAT , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

3 3532
Q:

What type of Lipid is Estrogen?

A) phospholipid B) steroid
C) wax D) triglyceride
 
Answer & Explanation Answer: B) steroid

Explanation:

Estrogen is a group of steroid hormone that control the development and maintenance of an individuals feminine characteristics. Natural estrogen exists in men as well as women and are found in higher amounts in women Especially in those of reproductive age.

 

Estrogens are hormones which are responsible to the body functions of the female body system such as menstruation, development of the female body such as pubic hair, breasts and development of the proportions of the body.

 

Lipids act as best energy storage molecules as the cleavage of fatty acids produces both energy and metabolic water which is a main component in almost all lipids.

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

1 3532
Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678 B) 4563
C) 4329 D) 6210.73
 
Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

 

 

 

M=P(1+i/365)^365n

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
Job Role: Bank PO

0 3532
Q:

Which describes the correct pairing of DNA bases?

A) guanine - cytosine B) adenine - cytosine
C) guanine - thymine D) thymine - cytosine
 
Answer & Explanation Answer: A) guanine - cytosine

Explanation:

The correct pairing of DNA bases among the given options is guanine - cytosine.

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

3 3531
Q:

Which naxal affected district police has been selected for the International Association of Chiefs of Police (IACP) award this year for its community policing initiative focusing on the rehabilitation of Naxals  ?

A) Bastar Police, Chhattisgarh B) Lucknow Police, UP
C) Patna Police , Bihar D) Jaipur Police, Rajasthan
 
Answer & Explanation Answer: A) Bastar Police, Chhattisgarh

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

5 3531
Q:

What is name of capital of MARSHALL ISLANDS ?

A) Tunis B) Accra
C) Tripoli D) Majuro
 
Answer & Explanation Answer: B) Accra

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

4 3530
Q:

Which day is observed as Rashtriya Ekta Diwas every year in India?

A) 31st July B) 31st March
C) 31st January D) 31st October
 
Answer & Explanation Answer: D) 31st October

Explanation:
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Filed Under: Important Days and Years
Exam Prep: AIEEE , Bank Exams , CAT
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