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Q:

Sushma joins a job at 20 yrs. First 3 years salary is 10,000 p.a. Afterwards every year increment of 2,000 per year for 10 years. Then salary becomes constant till retirement. At retirement average salary is 25,000. (throughout career). At what age Sushma retires ?

A) 50 yrs B) 47 yrs
C) 45 yrs D) 42 yrs
 
Answer & Explanation Answer: A) 50 yrs

Explanation:

Let age of retirement = S
so according to the given condition 25000(x-20)
=10000 x 3 + 12000 + 14000 + 16000 + 18000 + 20000 + 22000 + 24000 + 26000 + 28000 + 30000 + 30000(S-33)
= 30000 + 210000 + 30000S-990000
= 30000S - 750000
or 25000S - 500000 = 30000x - 750000
or 5000x = 250000
or S = 50 yrs.

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Filed Under: Problems on Ages
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

Q:

An amount doubles itself in 15 years. what is the rate of interest ?

A) 7.85 % B) 9.41%
C) 6.66 % D) 4.21 %
 
Answer & Explanation Answer: C) 6.66 %

Explanation:

Let the principle be Rs. P
As the amount double itself the interest is Rs. P too
So P = P x r x 15/100
=> r = 100/15 = 20/3 % = 6.66 %.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

Q:

How many minutes is it until 6 o'clock if 50 minutes ago it was 4 times as many minutes past 3 o'clock ?

A) 26 min B) 24 min
C) 22 min D) 20 min
 
Answer & Explanation Answer: A) 26 min

Explanation:

Let the required number of minutes = M
Total minutes between 3o'clock and 6o' clock = 180 minutes
M + 50 + 4M = 180
5M + 50 = 180
5M = 130
M = 26 minutes.

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Filed Under: Clock puzzles
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

Q:

A son and father goes for boating in river upstream . After rowing for 1 mile son notices the hat of his father falling in the river. After 5 min he tells his father that his hat has fallen. So they turn round and are able to pick the hat at the point from where they began boating after 5min. Find the speed of river  in miles/hours ?

A) 4 mile/hr B) 6 mile/hr
C) 2 mile/hr D) 5 mile/hr
 
Answer & Explanation Answer: B) 6 mile/hr

Explanation:

Let the speed of river and boat be 'r' m/min and 'b' m/min.
so relative speed in upstream (b-r)m/min and in downstream (b+r)m/min.
Now in upstream distnce covered in 5 min is 5(b-r)miles
so total distnce covered => 1 + 5(b-r)miles in upstream
In downstream distance covered in 5min is 5(b+r)miles
Now 1 + 5(b-r) = 5(b+r)
1+5b-5r = 5b+5r
1 = 10r
r = 1/10 mile/min => 6 mile/hr.

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Filed Under: Time and Distance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

Q:

Netherlands is hosting a festival of India at which cities in 2017 ?

A) Hague B) Amsterdam
C) Groningen D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

A Festival of India is being organized in the Netherlands from 26 January – 27 March 2017. The events will be held in the cities of The Hague, Amsterdam, Rotterdam/Maastricht, Utrecht, Eindhoven and Groningen.

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

Q:

Name of the First fully India-made sub-urban train ?

A) Vedha B) Medha
C) Sudha D) Trivedha
 
Answer & Explanation Answer: B) Medha

Explanation:

Railway Minister Suresh Prabhu on 18th March, 2017 flagged off the first fully India-made suburban train 'Medha'. The train will save foreign exchange worth ₹32 crore per rake along with 25% saving in the manufacturing cost. It can run at a maximum speed of 105 km per hour, and has been fitted with LED lights and GPS-based passenger information system.

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

Q:

Who set up the world's first floating ATM ?

A) Bank of America B) Barclays Bank
C) Axis Bank D) State Bank of India
 
Answer & Explanation Answer: D) State Bank of India

Explanation:

India's banking behemoth -- the State Bank of India -- has set up the world's first-ever floating ATM on a boat in Kerala. The boat with the ATM on board will berth at jetties in Kerala's huge backwaters through which thousands of people travel daily.

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Filed Under: General Awareness
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Q:

First Bank to introduce ATM in India is ?

A) ICICI Bank B) HSBC Bank
C) HDFC Bank D) YES Bank
 
Answer & Explanation Answer: B) HSBC Bank

Explanation:

HSBC (Hongkong and Shanghai Banking Corporation) is the first bank to introduce ATM concept in India in the year 1987 in Mumbai.

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