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Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

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

Q:

Neutrino has

A) charge +1, mass 1 B) charge 0, mas 0
C) charge -1,mass 1 D) charge 0, mass 1
 
Answer & Explanation Answer: B) charge 0, mas 0

Explanation:
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Filed Under: Chemistry

Q:

The nitrogen atom has 7 protons and 7 electrons,The nitride ion will have

A) 10 protons and 7 electrons B) 7 protons and 10 electrons
C) 4 protons and 7 electrons D) 4 protons and 10 electrons
 
Answer & Explanation Answer: B) 7 protons and 10 electrons

Explanation:
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Filed Under: Chemistry

Q:

In a family, there are six members A, B, C, D, E and F. 

A and B are a married couple, A being the male member. D is the only son of C, who is the brother of A. E is the sister of D. B is the daughter-in-law of F, whose husband has died. How is E related to C ? 

A) Sister B) Daughter
C) Cousin D) Mother
 
Answer & Explanation Answer: B) Daughter

Explanation:

A is a male and married to B. So, A is the husband and B is the wife. C is the brother of A. D is the son of C. E. who is the sister of D will be the daughter of C. B is the daughter-in-law of F whose husband has died means F is the mother of A. 

 

Clearly. E is the daughter of C. 

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Filed Under: Blood Relations

Q:

A is the son of B, C.  B's sister has a son D and a daughter E. F is the maternal uncle of D. How many nephews does F have ? 

A) 0 B) 1
C) 2 D) 3
 
Answer & Explanation Answer: C) 2

Explanation:

Clearly, F is the maternal uncle of D means F is the brother of D's mother i.e., F is the brother of C. C is the sister of B. 

So, F is the brother of B who is A's mother. Thus. F is the maternal uncle of A. So, A and D are the nephews of F i.e., F has two nephews 

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Filed Under: Blood Relations

Q:

If a cellphone is purchased for Rs.490 and sold for Rs.465.50 find the loss percentage?

A) 10 B) 5
C) 20 D) 15
 
Answer & Explanation Answer: B) 5

Explanation:

loss = C.P - S.P = 490 - 465.50 =24.50 

loss % = (loss x 100)/C.P = (24.50 x 100)/490 = 5%

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Filed Under: True Discount

Q:

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A) 22681.19 B) 23456
C) 44577 D) 25685
 
Answer & Explanation Answer: A) 22681.19

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:

In a class, 30% of the students offered English, 20% offered Hindi and 10% offered both. If a student is selected at random, what is the probability that he. has offered English or Hindi ?

A) 1/2 B) 3/4
C) 4/5 D) 2/5
 
Answer & Explanation Answer: D) 2/5

Explanation:

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Filed Under: Probability