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Q:

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

A) Rs. 145 B) Rs. 245.1
C) Rs. 96 D) Rs. 75
 
Answer & Explanation Answer: C) Rs. 96

Explanation:

Michel earns Rs. 135 by investing Rs. 1620
To earn Rs. 8 how much he have to invest...?

= (8 x 1620)/135 = Rs. 96

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Filed Under: Stocks and Shares
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Q:

A rectangular grassy plot 120 m. by 60 m has a gravel path 1.5 m wide all round it on the inside. Find the cost of gravelling the path at 65 paise per sq. metre ?

A) Rs. 345.15 B) Rs. 245.1
C) Rs. 234.18 D) Rs. 456.65
 
Answer & Explanation Answer: A) Rs. 345.15

Explanation:

area of the plot = 120m x 60m = 7200 sq.m
area of plot excluding gravel = 117m x 57m = 6669 sq.m
area of gravel = 7200 sq.m - 6669 sq.m = 531 sq.m
cost of building it = 531 sq.m x 65 ps = 34515 ps
In Rs. = 34515/100 = Rs. 345.15.

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Filed Under: Area
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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
Job Role: Bank Clerk

Q:

The largest 4 digit number exactly divisible by 88 is ?

A) 9944 B) 9768
C) 8888 D) 9988
 
Answer & Explanation Answer: A) 9944

Explanation:

The largest 4 digit number is = 9999
After dividing 9999 with 88, we get 55 as remainder
so largest 4 digit number divisible by 88 = 9999-55 = 9944.

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Filed Under: Numbers
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Job Role: Bank Clerk

Q:

'New Horizons' spacecraft was launched by NASA to study which of the following planet ?

A) Earth B) Mercury
C) Pluto D) Venus
 
Answer & Explanation Answer: C) Pluto

Explanation:
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Filed Under: General Awareness

Q:

When and by whom the PIN coode system was introduced in India ?

A) Savinder Singh B) Shriram Bhikaji Velankar
C) D.R. Khullar D) Mahesh Barnwal
 
Answer & Explanation Answer: B) Shriram Bhikaji Velankar

Explanation:

The PIN code system was introduced on 15 th August 1972 by Shriram Bhikaji Velankar. Currently India has six digit post code and soon it will be converted in eight digits.

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

Q:

Arun is a cashew merchant in Telangana. He has cashews in sealed wooden boxes of 10kg each. The price of the cashew increases by Rs.20 per kg for every year, but at the same time, 10% of the cashews are eaten by rodents every year. If the price of a 1 kg of fresh cashew is Rs.120, what is the change in his profits if he sells a sealed box after one year of storage, rather than selling it fresh ? (In Rs.)

A) Rs. 60 B) Rs. 54
C) Rs. 80 D) Rs. 75
 
Answer & Explanation Answer: A) Rs. 60

Explanation:

Price of 1kg fresh cashew = Rs.120
Therefore, price of 10kg = Rs.120 x 10 = Rs.1200

10% of 10kg which eaten by rodents = 10 x 10/100 = 1kg.

So, End of Year he had 10kg - 1kg = 9kg

So, he sells that 9kg with Rs.20 per kg profit = 9 x 140 = 1260.

He buy 10kg wooden box with cashew for Rs.1200 and sell that for Rs. 1260

So, profit = 1260 - 1200 = Rs.60 more money he get.

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Filed Under: Profit and Loss
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Q:

Deepa started a business in 2009 by investing Rs.50,000. She invested Rs. 20,000 as additional amount in 2010 and her friend Sushma joined her with an amount of Rs.70,000. Deepa invested another Rs. 20,000 in 2011 and Avanthi joined them with Rs. 70,000. At the end of these 3 years, they earned a profit of Rs. 3,00,000. Find Sushma's share ?

A) Rs. 75,000 B) Rs. 85,000
C) Rs. 98,000 D) Rs. 1,00,000
 
Answer & Explanation Answer: D) Rs. 1,00,000

Explanation:

Deepa invested Rs.50,000 for 12 months, Rs.(50000 + 20000) for 12 months and Rs.(50000 + 20000 + 20000) for 12 months.
i.e, she invested Rs.50,000 for 12 months, Rs.70000 for 12 months and Rs.90000 for 12 months.
Sushma invested Rs. 70000 for 2 years; i.e, Rs.70000 for 24 months
And, Avanthi invested Rs.70000 for 1 year; i.e, Rs. 70000 for 12 months.

Their investing ratio:
Deepa : Sushma : Avanthi = (50,000 x 12 + 70000 x 12 + 90000 x 12):(70000 x 24):(70000 x 12)
= (25,20,000):(16,80,000):(8,40,000) = 252:168:84 = 3:2:1

Total profit for 3 years = Rs.3,00,000
Therefore, Sushma's share = Rs.(3,00,000 x 2 /(3+2+1)) = Rs.(3,00,000 x 2/6) = Rs.1,00,000.

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Filed Under: Partnership
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Job Role: Bank Clerk , Bank PO