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Q:

Statement :

The 'X' state government has chalked out a plan for the underdeveloped 'Y' district where 80% of the funds will be placed in the hands of a committee of local representatives.

Courses of action :


I. The 'X' state government should decide guidelines and norms for the functioning of the committee.

II. Other state government may follow similar plan if directed by the Central government.

A) If only II follows B) If only I follows
C) If either I or II follows D) If neither I nor II follows
 
Answer & Explanation Answer: B) If only I follows

Explanation:

Once it is decided to place funds in the hands of the committee of local representatives, it is necessary to decide guidelines and norms for the functioning of the committee. Hence I follows. II is not related to the statement.

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Filed Under: Statement and Courses of Action
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4 4305
Q:

Who is appointed as MD and CEO of IDBI Bank in April, 2017 ?

A) Kanungo B) Mahesh Kumar Jain
C) Ravi Chander D) None
 
Answer & Explanation Answer: B) Mahesh Kumar Jain

Explanation:

Mahesh Kumar Jain was appointed as MD and CEO of IDBI bank in April 2017.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT
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2 2132
Q:

A driver of auto rickshaw makes a profit of 20% on every trip when he carries 3 passengers and the price of petrol is Rs. 30 a litre. Find the % profit for the same journey if he goes for 4 passengers per trip and the price of petrol reduces to Rs. 24 litres ?

A) 68% B) 80%
C) 75% D) 100%
 
Answer & Explanation Answer: D) 100%

Explanation:

When 3 passengers income was 3x
expense= Rs.30 
profit =20% of 30 = Rs.6 
That means his earning is Rs.36. so that per passenger fare must be Rs.12.

When 4 passengers
earning = 12x4=Rs.48.
expense =Rs.24.
profit = Rs.24 = 100%

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Filed Under: Profit and Loss
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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17 9488
Q:

A user type a content on 20 sheets, each sheet consist of 55 lines, and each line can have 66 characters. The content is again retyped on another set of sheets, these new sheets have 65 lines and each line can take 70 characters. Calculate the reduction in sheets ?

A) 2 or 60% B) 4 or 20%
C) 6 or 10% D) 8 or 5%
 
Answer & Explanation Answer: B) 4 or 20%

Explanation:

20 x 55 x 66 = L x 65 x 70
Here L = 72,600/4550 = 15.95 =~ 16
Reduction is 20-16 = 4

which is 20% reduction.

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Filed Under: Percentage
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3 4799
Q:

If 6 (P's Capital ) = 8 ( Q's Capital ) = 12 ( R's Capital ) , then out of the total profit of Rs 4650 , R will receive ?

A) Rs. 1033.33 B) Rs. 1024
C) Rs. 1148.14 D) Rs. 1245.32
 
Answer & Explanation Answer: A) Rs. 1033.33

Explanation:

Let
P's capital = p,
Q's capital = q and
R's capital = r.
Then

6p = 8q = 12r
=> 3p = 4q = 6r
=>q = 3p/4
r = 3p/6 = p/2
P : Q : R = p : 3p/4 : p/2
= 4 : 3 : 2
R's share = 4650 * (2/9) = 150*6 = Rs. 1033.33.

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Filed Under: Partnership
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3 5675
Q:

Althaf borrows Rs. 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is Rs. 186. How much does he borrow at the rate of 12% ?

A) Rs. 300 B) Rs. 400
C) Rs. 1200 D) Rs. 1100
 
Answer & Explanation Answer: C) Rs. 1200

Explanation:

Let Althaf lent Rs. A at 14% per year.
Hence, Money lent at 12% = (1500-A);
Given, total interest = Rs. 186.
{(A x 14x 1)/100} + {[(1500-A) x 12 x 1/100]} = 186;
14A/100 + (18000 -12A)/100 = 186;
14A + 18000 - 12A = 186x100;
2A = 18600-18000;
A = 600/2 = Rs. 300.
Hence, money lent at 12% = 1500-300 = Rs. 1200.

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Filed Under: Simple Interest
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1 3927
Q:

Kalyan purchased a Maruti van for Rs. 1,96,000 and the rate of depreciation is 14(2/7) % per annum. Find the value of the van after two years ?

A) Rs. 1,24,000 B) Rs. 1,44,000
C) Rs. 1,32,000 D) Rs. 1,62,000
 
Answer & Explanation Answer: B) Rs. 1,44,000

Explanation:

Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.

V2 = V11 - r100t
V2 = 196001 - 10071002

V2 = 196000(6/7)(6/7)

V2 = (196000x36)/49 = Rs. 1,44,000.

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Filed Under: Percentage
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4 6216
Q:

In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?

A) Quarter months B) Half year
C) 2 years D) 1 year
 
Answer & Explanation Answer: B) Half year

Explanation:

3300 ----- 3% ↑ (1st time interval, 99) → 3399.

Here, time interval is given as half-yearly i.e. 6 months.

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Filed Under: Compound Interest
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2 6207