Aptitude and Reasoning Questions

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

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Q:

Which set of letters when sequentially placed at the gaps in the given letter series shall complete it?
_qr_srq_p_rs_r_p

A) pqrsss B) qprsss
C) pspqsq D) pspqqq
 
Answer & Explanation Answer: C) pspqsq

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

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Q:

Priya cycles 5 km North, then turns East and cycles 4 km, then turns South and cycles 5 km, then turns to her right and cycles 6 km. Where is she now with reference to her starting position?

A) 2 km East B) 2 km West
C) 10 km West D) 10 km East
 
Answer & Explanation Answer: B) 2 km West

Explanation:
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Filed Under: Direction Sense Test
Exam Prep: Bank Exams

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Q:

How many remainders are possible if 16n is divided by 9 for any positive integral value of n ?

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

Explanation:

When 16nis divided by 9, we have

 1619, remainder = 7  

1629, remainder = 4 

1639, remainder = 1 

1649, remainder = 7 

1659, remainder = 4 

1669, remainder = 1 

So, we have cyclicity of 3 factors i.e 7,4,1. 

Hence only 3 remainders are possible.

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Filed Under: Numbers
Exam Prep: CAT
Job Role: Bank Clerk

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Q:

If a quarter kg of carrots costs 60 paise, how many paise will 200 gms cost ?

A) 78 paise B) 48 paise
C) 54 paise D) 62 paise
 
Answer & Explanation Answer: B) 48 paise

Explanation:

Quarter of Kg means 250 gm

Less weight, less price (Direct Proportion)

So,

250 : 200 :: 60 : x => x = 48

So 200 gm will cost 48 paise.

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

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Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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

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Q:

Selling price of a cellphone is increased by 20%. For this sale is decreased by 30%. Find the effect of total sales?

A) 16% B) 14.5%
C) 12% D) 10.5%
 
Answer & Explanation Answer: A) 16%

Explanation:

Let cost of each cell phone = Rs.100 & Sale = 100 phones.

Money receipt = Rs.(100 x 100) = Rs.10,000

New cost per cellphone = Rs.120 and New sale = 70 phones

New Money Receipt = Rs.(70 x 120) = Rs.8400

Then the effect of sales = decrease in money receipt = 

160010000 x 100 = 16%.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Nitin correctly remembers that Nidhi's birthday is before Friday but after Tuesday. Dheeraj correctly remembers that Nidhi's birthday is after Wednesday but before Saturday. On which of the following days does Nidhi's birthday definitely fall?

A) Monday B) Tuesday
C) Wednesday D) Thursday
 
Answer & Explanation Answer: D) Thursday

Explanation:

According to Nitin, Nidhi's birthday falls on Wednesday or Thursday    ---------(i)

According to Dheeraj , Nidhi's birthday falls on Thursday or Friday      ---------(ii)

From (i) and (ii), Nidhi's birthday falls on Thursday.

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