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Q:

Full convertibility of a rupee means ?

A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply B) Repayment of loans in terms of rupees
C) Payment for imports in terms of rupees D) Purchase of foreign exchange for rupees freely
 
Answer & Explanation Answer: A) Determination of rate of exchange between rupee and foreign currencies freely by the market forces of demand and supply

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

Q:

If selling price is doubled, the profit triples. Find the profit percent ?

A) 100% B) 200%
C) 300% D) 400%
 
Answer & Explanation Answer: A) 100%

Explanation:

Let the C.P be Rs.100 and S.P be Rs.x, Then
The profit is (x-100)
Now the S.P is doubled, then the new S.P is 2x
New profit is (2x-100)
Now as per the given condition;
=> 3(x-100) = 2x-100
By solving, we get
x = 200
Then the Profit percent = (200-100)/100 = 100
Hence the profit percentage is 100%

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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Q:

'Minamata' disease was caused by ?

A) Lead B) Mercury
C) Cadmium D) Zinc
 
Answer & Explanation Answer: B) Mercury

Explanation:
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Filed Under: Chemistry
Exam Prep: AIEEE , CAT
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Q:

Hemavathi cut a cake into two halves and cuts one half into smaller pieces of equal size. Each of the small pieces is fifteen grams in weight. If she has nine pieces of the cake in all with her, how heavy was the original cake ?

A) 240 gms B) 280 gms
C) 180 gms D) 170 gms
 
Answer & Explanation Answer: A) 240 gms

Explanation:

The nine pieces consist of 8 smaller equal pieces and one half cake piece.
Weight of each small piece = 15 g.
So, total weight of the cake = [2 x (15 x 8)]g = 240 g.

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams
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Q:

In a family, each daughter has the same number of brothers as she has sisters and each son has twice as many sisters as he has brothers. How many sons are there in the family ?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:

Assume the family has X girls and Y boys, according to the question,
we can have 2 equations:
X-1=Y, 2(Y-2)=X.
Solve the equations, we get X=4, Y=3.

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Filed Under: Arithmetical Reasoning
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Q:

Last year vivek saved 10% of his annual earnings, this year he earned 5% more than last year and he saved 12% of his annual earnings. The amount saved this year was what percentage of the amount saved last year ?

A) 87% B) 98%
C) 138% D) 126%
 
Answer & Explanation Answer: D) 126%

Explanation:

Suppose total earnings = Rs. 10000
10% saving = 10000 x (10/100) = Rs. 1000
This year 5% more income than prev year = Rs. 10500
12% saving = 10500 x (12/100) = Rs. 1260
Percentage of amount saved = (1260/1000) x 100 = 126%

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

If the sum of two numbers is 55 and the H.C.F. and L.C.M. of these numbers are 5 and 120 respectively, then the sum of the reciprocals of the numbers is equal to ?

A) 13/125 B) 14/57
C) 11/120 D) 16/41
 
Answer & Explanation Answer: C) 11/120

Explanation:

Let the numbers be a and b.
We know that product of two numbers = Product of their HCF and LCM
Then, a + b = 55 and ab = 5 x 120 = 600.
=> The required sum = (1/a) + (1/b) = (a+b)/ab
=55/600 = 11/120

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Filed Under: HCF and LCM
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

The Ajanta painting belongs to which period ?

A) Harappan period B) Gupta period
C) Buddhist period D) Mauryan period
 
Answer & Explanation Answer: B) Gupta period

Explanation:
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Filed Under: Indian History
Exam Prep: Bank Exams , CAT
Job Role: Bank PO