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Bank Exams Questions

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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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

A man buys a trouser in Rs.1250. By reduction of 20% in the price of trouser, he can purchase a t-shirt also in the same amount that was initially paid for the trouser. Find the price of the t-shirt?

A) Rs. 250 B) Rs. 125
C) Rs. 225 D) Rs. 200
 
Answer & Explanation Answer: A) Rs. 250

Explanation:

Initial amount spent on trouser by the man = Rs. 1250

Now, by the reduction of 20% in 1250, he can buy t-shirt too.

=> t-shirt cost = 20% of 1250 = 20 x 1250/100 = 250

 

Therefore, the price of the t-shirt = Rs. 250.

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

Consider the following statements relating to Coal India Limited:1. It is designated as a 'Maha Ratna'company under the Ministry of Coal.2. It is the single largest coal producing company in the world.3. The Headquarters of Coal India Limited is located at Ranchi Jharkhand.
Which of the statements given above is/are correct?

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

Explanation:

Headquarters Kolkata, West Bengal, IndiaCoal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India and the largest coal-producing company in the world and a Maharatna company.

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Filed Under: Indian Geography
Exam Prep: Bank Exams

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Q:

In a certain code language, "KINGFISHER" is written as "+$@*!$><^?". How is "NEIGH" written in that code language?

A) ^@$*< B) @^$<*
C) @$^*< D) @^$*<
 
Answer & Explanation Answer: B) @^$<*

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

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Q:

Which day is observed as Rashtriya Ekta Diwas every year in India?

A) 31st July B) 31st March
C) 31st January D) 31st October
 
Answer & Explanation Answer: D) 31st October

Explanation:
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Filed Under: Important Days and Years
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Q:

If 30% of 40% of X is 240, then what is the value of X?

A) 441 B) 2000
C) 1200 D) 1800
 
Answer & Explanation Answer: B) 2000

Explanation:
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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

The following groups of alphabets form a certain pattern with regard to their position in the English alphabetical series. Based upon the pattern, which of the following five alternatives shall replace the question mark?

A) OOP B) PPP
C) SNO D) QLM
 
Answer & Explanation Answer: B) PPP

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
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Q:

What is the primary purpose of most constitutions?

A) to provide a substitute for government B) to define and limit government power
C) to give the government absolute power D) to define a moral code for people to follow
 
Answer & Explanation Answer: B) to define and limit government power

Explanation:

There are many reasons why a constitution is needed. One of the primary purposes is to define and limit power of the government.

It gives the structures for the functioning of the country such as courts and parliament and limits the power.

e.g. to imprison without trial for the government.

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

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