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Q:

A starts a business, after 6 months B also join him with Rs.4500 and after 2 months of B’s joining C also join them with Rs.4500. If A gets approx. Rs 4900 out of total annual profit of Rs. 10,000 then find the approximate value of initial investment of A.

A) Rs.4800	B) Rs.4200
C) Rs.3600	D) Rs.4400

Answer & Explanation Answer: C) Rs.3600

Explanation:

Let initial investment of A = x
Ratio of profit A : B : C = 12 × x : 6×4500 :4×4500
A :B:C = x : 2250: 1500
Now ATQx/(x+2250+1500) = 4900/10000
solving this we get,x ≈ Rs 3600

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams , GATE

Q:

Umar and Avinash started a partnership with investments of Rs. 10000 and Rs. 15000, respectively. But due to a financial emergency the latter had to withdraw his investment after 8 months. In what ratio should the profit of the first twelve months be shared among the duo?

A) 3:2	B) 2:3
C) 1:2	D) 1:1

Answer & Explanation Answer: D) 1:1

Explanation:

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Filed Under: Partnership
Exam Prep: Bank Exams

Q:

The profit (in Rs.) after selling an article for Rs.524 is the same as the loss (in Rs.) after selling it for Rs.452. The cost price of the article is:

A) Rs.480	B) Rs.485
C) Rs.488	D) Rs.500

Answer & Explanation Answer: C) Rs.488

Explanation:

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Filed Under: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams , GATE

Q:

The _________________ is the second supersonic fighter developed by Hindustan Aeronautics Limited (HAL) after the HAL HF-24 Marut.

A) Trishul	B) Prithavi
C) Vikrant	D) Akash

Answer & Explanation Answer:

Explanation:

The Tejas is the second supersonic fighter developed by Hindustan Aeronautics Limited (HAL) after the HAL HF-24 Marut. As of 2016 the Tejas Mark 1 is in production for the Indian Air Force (IAF) and the naval version is undergoing flight tests for Indian Navy (IN).

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

Q:

How much amount is available to one account holder of Pradhan Mantri Jan Dhan Yojana per household after six months of satisfactory conduct of the account?

A) Rs 5,000	B) Rs 10,000
C) Rs 2,000	D) Rs 15,000

Answer & Explanation Answer: B) Rs 10,000

Explanation:

A bank account under financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) can be opened in any bank branch or business correspondent outlet. PMJDY is a government-run financial inclusion scheme aimed at ensuring access to services such as banking, savings, deposits, remittance, credit, insurance and pension at an affordable price. Bank accounts under the Jan Dhan scheme can be opened with zero balance. In other words, the account holder need not maintain any particular account balance to keep the account account. The government recently doubled the overdraft limit on Jan Dhan accounts. The overdraft limit of Jan Dhan accounts now stands at Rs 10,000, double than the previous limit of Rs 5,000, according to an official statement released last week.

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Filed Under: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT

Q:

Cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for ___________________ months from the date of instrument.

A) 4 months	B) 1 months
C) 6 months	D) 3 months

Answer & Explanation Answer: D) 3 months

Explanation:

In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, Reserve Bank of India directs that with effect from April 1, 2012, banks should not make payment of cheques/drafts/pay orders/banker’s cheques bearing that date or any subsequent date, if they are presented beyond the period of three months from the date of such instrument. Accordingly, cheques, Drafts, Pay Orders and Banker’s Cheques are “valid for 3 months from the date of instrument”, with effect from 01.04.2012.

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Filed Under: General Awareness
Exam Prep: Bank Exams , AIEEE

Q:

A is 50% more efficient than B. They together start the work and 7/12th of work is left after 8 days. Find in what time B alone will complete the whole work.

A) 36 days	B) 44 days
C) 50 days	D) 40 days

Answer & Explanation Answer:

Explanation:

Ratio of efficiency of A to B is 3 : 2

Let, In 8 days they complete = (3 + 2) × 8 = 40 units

So, total work = 40 × 12/5 units

Time taken by B alone to complete whole work = 40 × 12/5 ×2 = 48 days

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Filed Under: Time and Work
Exam Prep: AIEEE , Bank Exams , CAT

Q:

A man invested an amount at the rate of 10% p.a. on compound interest and after two years he again invested half of the initial amount. If man got Rs. 457.2 Rs. as interest after three years, find the amount received by man after three years, if he invested same amount on simple interest at rate of 15% p.a.?

A) 1740 Rs.	B) 1760 Rs.
C) 1720 Rs.	D) 1780 Rs.

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