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Q:

All of these are exemptions from local real property taxes EXCEPT :

A) Low-income homeowner's exemption B) Homeowner's exemption
C) Veteran's exemption D) Senior citizen's tax exemption
 
Answer & Explanation Answer: A) Low-income homeowner's exemption

Explanation:

Under state law limited exemptions from local real property taxes for individuals who qualify are senior citizens(blind and disabled persons), who may defer their taxes; Veterans, who receive $4000 off assessed value; and homeowners, who receive $7000 off assessed value.

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

Q:

Three friends, P, Q and R started a partnership business investing money in the ratio of 5 : 4 : 2 respectively for a period of 3 years. What is the amount received by P as his share in the total profit ?

a. Total amount invested in the business in Rs. 22,000.

b. Profit earned at the end of 3 years is 3/8 of the total investment.

c. The average amount of profit earned per year is Rs. 2750.

A) Only c is sufficient B) Both a & b are sufficient
C) Both A & B gives result D) None
 
Answer & Explanation Answer: C) Both A & B gives result

Explanation:

a and b give, profit after 3 years = Rs.(3/8 x 22000) = Rs.8250.

From c also, profit after 3 years = Rs. (2750 x 3) = Rs. 8250.

∴ P's share = Rs.(8250 x 5/11) = Rs. 3750.

Thus, (either C is redundant) or (a and b are redundant).

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

Q:

The ratio between the length and breadth of a rectangular field is 5 : 4 if the breadth is 20m less than the length, the perimeter of the field is :

A) 260m B) 280m
C) 360m D) none of these
 
Answer & Explanation Answer:

Explanation:
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Filed Under: Area
Exam Prep: Bank Exams
Job Role: Bank Clerk

Q:

Dhoni ,Raina ,Kohli and Sikhar have all played 5 innings each and each scored 131 runs.The players Score Card is given below : 100,90,85,80,30,25,20,20,15,15,10,10,10,3,3,3,2,1,1,1.

 Given hints are:

 1. Dhoni & Raina have scored different runs in 4 innings however in one innings they have scored same runs.

2. Shikhar & Kohli have also scored different runs in 3 innings however their indivitual score is same throughout 2 innings(meaning each has scored same run twice in 2 innings). 

3. Shikhar's highest score is greater than that of Kohli's highest score.

4. Only Shikhar has scored more than 1 run in each innings.

5. Raina's hiighest score is greater than that of Dhoni's highest score.

Questions :

1. Who scored century in one innings ?
2. Who scored 35 runs in 2 consecutive innings ?
3. Who scored 30 runs in one innings ?

Answer

Scores of individuals :


Dhoni= 80,30,10,10,1
Raina=100,25,3,2,1
Kholi=85,20,15,10,1
Shikhar=90,20,15,3,3


Above combination satisfies all conditions given in the question.


Answer 1) Raina


Answer 2) Kohli and Shikhar


Answer 3) Dhoni

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Subject: Deriving Conclusions From Passages Exam Prep: TOEFL , GRE , GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

Q:

Four girls Robin, Mandy, Stacy, Erica of four families Miller, Jacob, Flure and Clark prepare four salads using the fruits Apples, cherries, bananas, grapes .Each girls uses 3 fruits in her salad. No body have the same combination.

1) Robin not a Miller girl uses apples.
2) Miller and Mandy uses apples and cherries.
3) Clark uses cherries and grapes but Flure uses only one of them.
4) Erica is not Clark nor Flure.

Question :

Give all combinations of Girls with their family and salads ?

Answer

Out of 4 fruits, any 3 are chosen by 4 families.So the combinations are
Apple - A Cherries - C Banana - B Grapes - G
1) ACB
2) ACG
3) BCG
4) GAB


By 2nd condition, Miller family uses either i)ACB or ii)ACG
Now we have Robin, Mandy and Miller who uses apples (ACB,ACG,GAB)
while Miller and Mandy both uses A and C. That leaves GAB for Robin.


By 3rd condition Flure uses either C or G. So if we leave out the terms containing both C and G, we are left with ACB and GAB


Now, for the time being let's suppose Robin is not a Flure.
So ACB is taken by Flure.


So ACG has to be Miller and that leaves BCG to be Clark. So we get Robin - Jacob(GAB).


By 4th and 2nd conditions Erica and Mandy belong to the first two. That leaves Stacy - Clark(BCG).


By 2nd condition Mandy is not a Miller, so we get Mandy - Flure(ACB) and that leaves Erica - Miller(ACG).

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Subject: Deriving Conclusions From Passages Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Bank Clerk , Bank PO

Q:

Find out the wrong number in the following series:

5, 15, 30, 80, 180, 540, 1080

A) 540 B) 180
C) 30 D) 80
 
Answer & Explanation Answer: D) 80

Explanation:

There should be 90 instead of 80
so we can have a series
5, 5x3, 15x2, 30x3, 90x2, 180x3, 540x2 and 1080x3 and so on...

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Filed Under: Odd Man Out
Exam Prep: Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

Q:

Statements : National Aluminium Company has moved India from a position of shortage to self-sufficiency in the metal.

Conclusions :

a) Previously, India had to import aluminium.
b) With this speed, it can soon become a foreign exchange earner.

A) Only a follows B) Only b follows
C) Neither a nor b follows D) Both a and b follows
 
Answer & Explanation Answer: D) Both a and b follows

Explanation:

According to the statement, National Aluminium Company has moved India from a position of shortage in the past to self-sufficiency in the present. This means that previously, India had to import aluminium. So, I follows. Also, it can be deduced that if production increases at the same rate, India can export it in future. So, II also follows.

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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

Q:

Statements : Government has spoiled many top ranking financial institutions by appointing bureaucrats as Directors of these institutions.

Conclusions :

a) Government should appoint Directors of the financial institutes taking into consideration the expertise of the person in the area of finance.
b) The Director of the financial institute should have expertise commensurate with the financial work carried out by the institute.

A) Only a follows B) Only b follows
C) Both a & b follows D) Neither a nor b follows
 
Answer & Explanation Answer: C) Both a & b follows

Explanation:

According to the statement, Government has spoiled financial institutions by appointing bureaucrats as Directors. This means that only those persons should be appointed as Directors who are experts in finance and are acquainted with the financial work of the institute. So, both a and b follows.

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Filed Under: Statement and Conclusions
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO