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Q:

In the question given below, three paragraphs are given, which are jumbled. Find the correct sequence of these paragraphs so that they form a meaningful passage.
A. The power of compounding works the way it does because you are reinvesting the interest that you earn back into the instrument, besides giving it time to grow. Let’s simplify it further. Say in the first year you invest ₹100 and you get 10% annual return of ₹10. Next year, along with ₹110 (the first year principal amount and the interest amount), you will put another ₹100. The ₹10 you earned as interest gets reinvested, helping you grow your money faster.

B. To get a perspective, let’s turn to some numbers. Say you started investing ₹3,000 a month when you were 25, and go on till you are 60. At an average annual rate of 7% returns, your corpus will grow to ₹53.24 lakh. If you decide to start investing at the age of 35 years, even if you put aside double the amount— ₹6,000 per month — till the age of 60, the value of your corpus will be only ₹48.72 lakh. The example shows that you would need half the amount to get more in returns if you start investing early.
C. Adulting can’t wait when it comes to savings and investing. Why you may ask? If you delay your investments, how will you see the magic of compounding? When it comes to investing, you need to start early. In fact, you should start saving and investing as soon as you start earning. Compounding allows you to build a bigger corpus with a smaller amount.

A) BAC B) CAB
C) BCA D) ABC
 
Answer & Explanation Answer:

Explanation:

The correct sequence is CBA.

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Filed Under: English
Exam Prep: TOEFL , GRE , CAT

Q:

Which of the following Indian payment and commerce company has launched the first wealth management product ‘Digital Gold’?

A) DirecPay B) BHIM
C) PayU India D) Paytm
 
Answer & Explanation Answer: D) Paytm

Explanation:

‘Paytm’ has launched the first wealth management product ‘Digital Gold’ on its platform to allow customers to buy and sell gold through electronic platform.
Note: Consumers can purchase 24K 999.9 purity gold online and store it in MMTC— PAMP’s secure vaults free of charge.

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

India’s first national sports university is to be set in which Indian state?

A) Bihar B) Punjab
C) Assam D) Manipur
 
Answer & Explanation Answer: D) Manipur

Explanation:

The Union Cabinet has approved an ordinance to set up India’s first national sports university in Imphal, Manipur. The proposed university will be spread over 325 acres and cost Rs 524 crore.

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Filed Under: Sports
Exam Prep: Bank Exams

Q:

Which state government along with WWF-India conducted the first organized census for the conservation of Indus dolphins on their population?

A) Maharashtra B) Kerala
C) Punjab D) Odisha
 
Answer & Explanation Answer: C) Punjab

Explanation:

Punjab state government along with World Wildlife Fund (WWF) India conducted the first organized census for the conservation of Indus dolphins on their population.

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Filed Under: Animals and Birds
Exam Prep: Bank Exams

Q:

Select the option that is related ti the third figure in the same way as the second figure is related to the first figure.

A) B)
C) D)
 
Answer & Explanation Answer: C)

Explanation:
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Filed Under: Analytical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT

Q:

Two boxes contain 4 and 16 balls respectively. Two balls in the first box and four in the second, are black. If a box is chosen randomly and two balls are drawn at random from it, what is the
probability that at least one ball is black if the ball is not replaced?

A) 11/20 B) 43/120
C) 77/120 D) 9/20
 
Answer & Explanation Answer: C) 77/120

Explanation:

At least one black can be chosen in two ways from each box:
Now, probability of choosing at least one black ball from first box 

= 1/2 × [ (2C1× 2C1)/4C2 + 2C2/ 4C2 ]= 5/12

Probability of choosing at least one black ball from 2nd box
= 1/2 × [(4C1×12C1)/16C2 + 4C2/ 16C2] = 9/40

Final probability

= 5/12 + 9/40 = (50 + 27)/120 = 77/120

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Q:

Umar and Avinash started a partnership with investments of Rs. 10000 and Rs. 15000, respectively. But due to a financial emergency the latter had to withdraw his investment after 8 months. In what ratio should the profit of the first twelve months be shared among the duo?

A) 3:2 B) 2:3
C) 1:2 D) 1:1
 
Answer & Explanation Answer: D) 1:1

Explanation:
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Filed Under: Partnership
Exam Prep: Bank Exams

Q:

With the participation in the Rio Olympics who has become the first tennis player in the world to have 7 appearances in Olympics?

A) Martina Navratilova B) Serena Williams
C) Leander Paes D) Roger Federer
 
Answer & Explanation Answer: C) Leander Paes

Explanation:
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Filed Under: Sports