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Q:

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?

A) Rs. 300 B) Rs. 400
C) Rs. 1200 D) Rs. 1100
 
Answer & Explanation Answer: C) Rs. 1200

Explanation:

Let Althaf lent Rs. A at 14% per year.
Hence, Money lent at 12% = (1500-A);
Given, total interest = Rs. 186.
{(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
14A/100 + (18000 -12A)/100 = 186;
14A + 18000 - 12A = 186x100;
2A = 18600-18000;
A = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.

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Filed Under: Simple Interest
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Q:

In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?

A) Quarter months B) Half year
C) 2 years D) 1 year
 
Answer & Explanation Answer: B) Half year

Explanation:

3300 ----- 3% ↑ (1st time interval, 99) → 3399.

Here, time interval is given as half-yearly i.e. 6 months.

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Filed Under: Compound Interest
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Q:

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A) Rs. 2000 B) Rs. 2100
C) Rs. 1900 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Given,
Compound rate, R = 10% per annum
Time = 2 years
C.I = Rs. 420
Let P be the required principal.
A = (P+C.I)
Amount, A = P1 + r100n

(P+C.I) = P1 + 101002

(P+420) = P[11/10][11/10]

P-1.21P = -420

0.21P = 420

Hence, P = 420/0.21 = Rs. 2000

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Filed Under: Compound Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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Q:

Which bank will become the first bank to integrate Aadhaar offering OTP-based financial services ?

A) Karur Vysya Bank B) City Union Bank
C) IndusInd Bank D) Kotak Mahindra Bank
 
Answer & Explanation Answer: D) Kotak Mahindra Bank

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

Q:

Which of he following Chief Minister has been selected for the award of ‘Transformative Chief Minister’ by The US India Business Council ?

A) N. Chandrababu Naidu B) Devendra Fadnavis
C) K. Chandra Shekar Rao D) Mamata Banerjee
 
Answer & Explanation Answer: A) N. Chandrababu Naidu

Explanation:

Chief Minister of Andhra Pradesh, N Chandrababu Naidu has been selected for another prestigious award. The US India Business Council has selected the CM for award of ‘Transformative Chief Minister’ and Naidu would be receiving coveted award at second annual West Coast summit which to be held in California on May 8, 2017.

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Filed Under: General Awareness
Exam Prep: Bank Exams

Q:

What is the name of the scheme for providing physical aids and assisted-living devices for senior citizens belonging to BPL category that was launched in Andhra Pradesh’s Nellore district on 1 April 2017? 

A) Sarkari Yojana B) Yantra Laxmi
C) Rashtriya Vayoshri Yojana D) Vayovrudh Yojana
 
Answer & Explanation Answer: C) Rashtriya Vayoshri Yojana

Explanation:

“Rashtriya Vayoshri Yojana” was launched by the Ministry for Social Justice and Empowerment on 1 April 2017 at Nellore (Andhra Pradesh). Under the scheme, physical aids and assisted-living devices for senior citizens were distributed to senior citizens belonging to below poverty line (BPL) category.

– The scheme has been implemented through the sole implementing agency – Artificial Limbs Manufacturing Corporation (ALIMCO), a public sector undertaking. The aids to be distributed under the “Rashtriya Vayoshri Yojana” scheme include walking sticks, elbow crutches, walkers, tripods / quadpods, hearing aids, artificial dentures and spectacles.

– The ambitious scheme, first of its kind in the country, is expected to benefit 5,20,000 Senior citizens over a period of the 3 years.

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Filed Under: General Awareness
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Q:

Which 6 banking entities of India became history on 1 April 2017 as they were merged with State Bank of India ?

Answer

Five associate banks of SBI – State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SBM), State Bank of Patiala (SBP) and State Bank of Travancore (SBT), besides Bharatiya Mahila Bank (BMB) became part of the State Bank of India (SBI) on 1 April 2017. This merger catapulted SBI to among the top 50 banks in the world.


– With this six-way mega merger, the merged entity (SBI) will have a deposit base of more than Rs. 26 lakh crore and advances level of Rs. 18.50 lakh crore. It will have a total customer base of 37 crore with a branch network of around 24,000 and nearly 59,000 ATMs across the country.


– The government had in February 2017 approved the merger of these five associate banks with SBI. Later in March 2017, the Cabinet approved merger of BMB as well.


– SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged with it.

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Subject: General Awareness Exam Prep: Bank Exams , CAT
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Q:

O and O' are the center of the two circles with radii 7cm and 9cm respectively. The distance between the centers is 20cm. If PQ be the transverse common tangent to the circles, which cuts OO' at X, what is the length of O'X in cm ?

A) 10 B) 6
C) 35/4 D) 45/4
 
Answer & Explanation Answer: D) 45/4

Explanation:

As clear from the figure itself, triangle OQX and triangle O'PX are similar.

So,

OQ/O'P = OX/O'X

=> OX = (7/9)xO'X

And since, OX + O'X = 20

=> (7/9)xO'X + O'X = 20

=> O'X = 45/4

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Filed Under: Arithmetical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT
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