Aptitude and Reasoning Questions

Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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Q:

Arrange the following words as per order in the dictionary

1. Follicle

2.Folk

3.Follow

4.Foliage

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

Explanation:
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Filed Under: Logical Sequence of Words
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Q:

Refer the below data and answer the following question.

What was the increase in the height of the child from 10th Birthday to 15th birthday?

A) 50 cm B) 45 cm
C) 40 cm D) 35 cm
 
Answer & Explanation Answer: C) 40 cm

Explanation:
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Filed Under: Table Charts
Exam Prep: Bank Exams

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Q:

Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?

A) Rs. 704 B) Rs. 854
C) Rs. 893 D) Rs. 914
 
Answer & Explanation Answer: A) Rs. 704

Explanation:

We know that,

S.I. = PTR100 P = S.I x 100T x RAnd also,C.I = P1 + R100n- 1

From given data, P = Rs. 8625

Now, C.I  = 86251+41002-1= 862526252-1= 8625676625-1= 8625 x 51625C.I = Rs. 703.80

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Filed Under: Compound Interest
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Q:

Effect : The temple at the religious site wears a deserted look with the number of devotees trickling down.

Which of the following can be a possible cause of the above effect?

A) A structural engineer had visited the temple a month back and had declared the structure unsafe B) The temple is facing a drastic depletion of its funds which had accumulated over the years due to offerings made by devotees
C) The local corporation decided to donate a huge amount of money to the temple for its renovation D) The village housing the religious site has qualified priests to perform religious ceremonies
 
Answer & Explanation Answer: A) A structural engineer had visited the temple a month back and had declared the structure unsafe

Explanation:

The engineer's caution may have led to people keeping away from the temple

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Q:

The variance of a set of data is 169. Then the standard deviation of the data is

 

A) +-13 B) 13
C) 69 D) 84.5
 
Answer & Explanation Answer: B) 13

Explanation:
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Filed Under: Probability
Exam Prep: Bank Exams

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Q:

Read the statements and select a conclusion from the given alternatives.

 

Statement :

 

To cultivate interest in debate the school has made it compulsory from December, 2015 for each student to attend two debate classes per week and submit a weekly report on the debates discussed.

 

Conclusions :

 

I. Interest in debating can be created by force.

 

II. Some students eventually will develop interest in debating.

 

A) Only conclusion I follows B) Only conclusion II follows
C) Both I and II follow D) Neither I nor II follows
 
Answer & Explanation Answer: B) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

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Q:

The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is

A) Rs.30 B) Rs.40
C) Rs.50 D) Rs.60
 
Answer & Explanation Answer: B) Rs.40

Explanation:
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