Bank Exams Questions

Q:

Numismatics is the study of

A) Numbers B) Coins
C) Stamps D) None
 
Answer & Explanation Answer: B) Coins

Explanation:

Numismatics is the study or collection of currency, including coins, tokens, paper money, and related objects.

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Q:

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A) 22681.19 B) 23456
C) 44577 D) 25685
 
Answer & Explanation Answer: A) 22681.19

Explanation:

 

 

S=R[(1+i)^n-1)/i]

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Filed Under: Compound Interest
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Q:

The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?

A) Rs. 25000 B) Rs. 2500
C) Rs. 50000 D) Rs. 5000
 
Answer & Explanation Answer: B) Rs. 2500

Explanation:

Let the principal amount be Rs. x
Calculating SI:
SI for 1 year at 12% rate is Rs (12/100)*x. For 3 years it will be Rs (36/100)*x ------ (1)
Calculating CI:
For 1st year, Interest = (12/100)*x
For 2nd year, interest = (12/100)*x + (12/100)*x + (144/10000)*x
For 3rd year, interest = (12/100)*x + (12/100)*x + (12/100)*x + (144/10000)*x + (144/10000)*x + (1728/1000000)*x. ------ (2)
Subtracting equation 2 and 1 and solving further,
312*144*x/1000000 = 112.32
X = Rs 2500.
Alternative way: Using formula for Difference
between CI and SI for 3 years

we can also use the above formula to find the value of P.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , GATE

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Q:

A distinguishing feature of managerial accounting is

A) general-purpose reports B) very detailed reports
C) quarterly and annual reports D) external users
 
Answer & Explanation Answer: B) very detailed reports

Explanation:

Managerial accounting is the process of identifying, measuring, analyzing, interpreting and communicating information for the pursuit of an organization's goals. This branch of accounting is also known as cost accounting.

 

Hence, the distinguishing feature of managerial accounting is very detailed reports.

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Filed Under: Accounts Payable
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

5 boys and 3 girls can together cultivate a 23 acre field in 4 days and 3 boys and 2 girls together can cultivate a 7 acre field in 2 days. How many girls will be needed together with 7 boys, if they cultivate 45 acres of field in 6 days?

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

Explanation:

Let workdone 1 boy in 1 day be b

and that of 1 girl be g

From the given data,

4(5b + 3g) = 23

20b + 12g = 23 .......(a)

 

2(3b + 2g) = 7

6b + 4g = 7 ........(b)

 

Solving (a) & (b), we get

b = 1, g = 1/4

 

Let number og girls required be 'p'

6(7 x 1 + p x 1/4) = 45

=> p = 2.

 

Hence, number of girls required = 2

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Filed Under: Time and Work
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Q:

How long is a giraffe tongue in feet

A) 1.6 B) 6
C) 18 D) 10
 
Answer & Explanation Answer: A) 1.6

Explanation:

A typical giraffe neck can stretch as long as six feet, the giraffe's tongue usually measures 18-20 inches long.

 

Why that much long:


Giraffe's eat Acacia tree leaves. The acacia tree's tasty leaves are protected by very sharp thorns. The giraffe's long tongue allows it to reach the highest, tastiest leaves while avoiding the sharp thorns. Its tongue also features a thick, tough layer that protects it from being cut by the thorns. If a giraffe's tongue does get cut by a thorn, its extra-thick saliva has antiseptic properties that help it to heal quickly.

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Filed Under: Animals and Birds
Exam Prep: AIEEE , Bank Exams
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Q:

The molecular mass of sulphuric acid is 98. If 49 g of the acid is dissolved in water to make one litre of solution, what will be the strength of the acid?

A) Two normal B) One normal
C) 0.5 normal D) Four normal
 
Answer & Explanation Answer: B) One normal

Explanation:

Normality is a way of expressing concentration of a solution and can be calculated by the formula-

Normality (N) = No. of gram equivalent of solute/ volume of solution (in litre)

Gram equivalent weight of H2 SO4 = Molecular weight/ No. of Hydrogen atom = 98/2 = 49 gm

No. of gram equivalent in 49 gm of H2 SO4 = 1

So, Normality in 1 litre of solution = 1/1 = 1 N

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

64/12 in simplest form?

A) 19/6 B) 32/4
C) 16/3 D) None of the above
 
Answer & Explanation Answer: C) 16/3

Explanation:

64/12 = 16/3 in simplest form.

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Filed Under: Simplification
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