Bank PO Questions


Q:

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A) 11572.71 B) 11876
C) 189756 D) 11576
 
Answer & Explanation Answer: A) 11572.71

Explanation:

 

 

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

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

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Q:

Which scientist established the Law of Octaves?

A) John Newlands B) Antoine Lavoisier
C) Alfred Nobel D) Marie Curie
 
Answer & Explanation Answer: A) John Newlands

Explanation:

Law of Octaves states that "If the chemical elements are arranged according to increasing atomic weight, those with similar physical and chemical properties occur after each interval of seven elements." That is every 8th element have the same physical and chemical properties. This was established by the British scientist John Newlands in the year 1865.

Which_scientist_established_the_Law_of_Octaves1559374791.jpg image

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

2 3606
Q:

Study the question and all the three statements given and decide whether any information provided in the statements are redundand and can be dispensed with while answering the questions.

Question : 

What is the rate of interest per year ?

Statements :

1. The amount invested is Rs. 6000.
2. The amount becomes Rs. 6741.60 in 2 years at compound interest.
3. The difference between compound interest and simple interest in 2 years is Rs. 21.60.

A) Only 3 B) Both 2 & 3
C) Any two of (1, 2 & 3) D) None
 
Answer & Explanation Answer: C) Any two of (1, 2 & 3)

Explanation:

Using Both 1 & 2 statements we get the rate of interest as in (1) we have given principle amount and in (2) compound interest for 2 years. By this data we get the rate%.

Using Both 1 & 3 statements we can get the rate% as we have principle amount & difference between compound interest and simple interest in 2 years.

Using Both 2 & 3 statements we get compound interest & simple interest by which we get principle amount. So that we can calculate %rate.

Hence by using any two of the three statements(1,2&3) we get rate of interest.

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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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5 3606
Q:

[15% of 300% of 560] × 2 ÷ 5 =

A) 100 B) 90
C) 85 D) 105
 
Answer & Explanation Answer: A) 100

Explanation:

[15% of 300% of 560] × 2 ÷ 5

= (15 x 300 x 560 x 2)/100 x 100 x 5

~= 100 

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Filed Under: Simplification
Exam Prep: AIEEE , Bank Exams , CAT
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4 3605
Q:

'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?

A) Nil Accounting Variation B) New Asset Venture
C) Net Accounting Venture D) Net Asset Value
 
Answer & Explanation Answer: D) Net Asset Value

Explanation:

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

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Filed Under: Accounts Receivable
Exam Prep: CAT , Bank Exams
Job Role: Bank PO , Bank Clerk

2 3605
Q:

After Srinagar (J&K), India's 2nd Tulip Garden will come up in which state?

A) Uttarakhand B) Himachal Pradesh
C) Delhi D) Karnataka
 
Answer & Explanation Answer: A) Uttarakhand

Explanation:

India's 2nd Tulip Garden will come up in Pithoragarh district of Uttarakhand state.

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Filed Under: Indian Geography
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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4 3603
Q:

What is the Capital city of Peru?

A) Sucre B) Manama
C) Lima D) Bogota
 
Answer & Explanation Answer: C) Lima

Explanation:

Lima is the Capital of Peru and its Currency is Sol.

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Filed Under: World Geography
Exam Prep: AIEEE , Bank Exams , CAT
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0 3602
Q:

Most Explosive Type of Volcano is

A) The Cinder Cone B) Rhyolite caldera complexes
C) Shield Volcanoes D) The Basault Volcanoes
 
Answer & Explanation Answer: B) Rhyolite caldera complexes

Explanation:
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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank PO

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