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Q:

One card is drawn from a pack of 52 cards,each of the 52 cards being equally likely to be drawn.Find the probability that the ball drawn is an ace :

A) 1/13 B) 1/12
C) 1/14 D) 1/15
 
Answer & Explanation Answer: A) 1/13

Explanation:

Total number of events=52

Number of aces =4

So,required probability = 4/52 =1/13

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Filed Under: Probability

Q:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

A) 80 B) 96
C) 106 D) 108
 
Answer & Explanation Answer: B) 96

Explanation:

To earn Rs. 135, investment = Rs. 1620.

 

To earn Rs. 8, investment =Rs.1620135×8= Rs. 96.

 

Market value of Rs. 100 stock = Rs. 96.

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Filed Under: Stocks and Shares

Q:

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A) 146694.12 B) 13452
C) 18232 D) 15627
 
Answer & Explanation Answer: A) 146694.12

Explanation:

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

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

Q:

Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

A) 1557.29 B) 2557.29
C) 2567 D) 2457
 
Answer & Explanation Answer: B) 2557.29

Explanation:

First find the present value of $3800,then compare present values:

 

M  = p(1+i/4)^4n

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

Q:

A man buys Rs. 20 shares paying 9% dividend. The man wants to have an interest of 12% on his money. The market value of each share is:

A) 12 B) 15
C) 18 D) 20
 
Answer & Explanation Answer: B) 15

Explanation:

Dividend on Rs. 20 = Rs. (9/100)x 20 = Rs.9/5.

Rs. 12 is an income on Rs. 100.

Rs.9/5 is an income on Rs.[ (100/12) x (9/5)] = Rs. 15.

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Filed Under: Stocks and Shares

Q:

What are various scheduling queues?

Answer

 



  • Job queue

  • Ready queue

  • Device queue

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Q:

What is the probability that a couple with four children have atleast one girl?

A) 0.0625 B) 0.9375
C) 0.5 D) 0.0257
 
Answer & Explanation Answer: B) 0.9375

Explanation:

Here,n = 4(children)

P(girl)= 0.5

P(of atleast one girl)= 1 - P(no girls)

                             = 1 - 0.0625 = 0.9375

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Filed Under: Probability

Q:

Find the principal which yields $25,000 when invested at 3% annually for 20 years.

A) 13841.89 B) 14821
C) 13468 D) 57389
 
Answer & Explanation Answer: A) 13841.89

Explanation:

P=F1+in

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