4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

A) Rs.156.25	B) Rs.150
C) Rs.140	D) Rs125.25

Answer & Explanation Answer: A) Rs.156.25

Explanation:

Present Worth

= $\frac{P}{{(1 + \frac{R}{100})}^{2}}$

= $\frac{169}{{(1 + \frac{4}{100})}^{2}}$

= Rs.156.25

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

30 24031

Q:

Read the following passage and answer the questions based on it.

1) Vinay, Vinay, Vikas, Vasu, Vaibhav, Varun and Vishal are sitting around a circle facing at the center.

2) Vasu is the third to the right of Vikas.

3) Varun is second to the left of Vinay and second to the right of Vishal.

4) Vaibhav is third to the right of Vinod and is not an immediate neighbor of Varun.

Who is second to the right of Vinod?

A) Vaibhav	B) Vasu
C) Vishal	D) Vikas

Answer & Explanation Answer: D) Vikas

Explanation:

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams

0 24028

Q:

The following equation is incorrect. Which two signs should be interchanged to correct the equation?

14 + 8 ÷ 16 - 9 x 12 = 10

A) + and ÷	B) - and +
C) + and x	D) ÷ and x

Answer & Explanation Answer: C) + and x

Explanation:

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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

1 24027

Q:

Find the volume (in cm3) of a sphere of diameter 7 cm.

A) 140.25	B) 179.67
C) 337.16	D) 213.74

Answer & Explanation Answer: B) 179.67

Explanation:

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Filed Under: Volume and Surface Area
Exam Prep: Bank Exams

2 24019

Q:

If 3@7 = 20, 8@1 = 18 and 6@5 = 22, then find the value of 4@4 = ?

A) 15	B) 16
C) 20	D) 29

Answer & Explanation Answer: B) 16

Explanation:

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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

6 24018

Q:

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A) Rs.5624.32	B) Rs.5423
C) Rs.5634	D) Rs.5976

Answer & Explanation Answer: A) Rs.5624.32

Explanation:

5% is the rate of interest. 20% of the interest amount is paid as tax.

i.e 80% of the interest amount stays back.

$\therefore$ if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

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

26 24011

Q:

The following equation is incorrect. Which two signs should be interchanged to correct the equation?

13 - 14 ÷ 30 x 7 + 15 = 13

A) + and ÷	B) - and +
C) ÷ and x	D) x and -

Answer & Explanation Answer: A) + and ÷

Explanation:

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Filed Under: Coding and Decoding
Exam Prep: Bank Exams

1 23979

Q:

Arrange the given words in the sequence in which they occur in the dictionary.

i. Terrace
ii. Tenant
iii. Tea
iv. Tomorrow

A) iii, ii, i, iv	B) i, ii, iii, iv
C) iv,i, ii, iii	D) i, iii, ii, iv

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