4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

The bar chart shows the sales (in '000 units) of 4 mobile brands for 3 years.

In 2017 the sales of each brand increased by the same percentage as it did in the year 2016. What will be the approximate average sales (in units) of mobiles per
brand in year 2017?

A) 9175	B) 8360
C) 9436	D) 9678

Answer & Explanation Answer: A) 9175

Explanation:

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Filed Under: Bar Charts
Exam Prep: Bank Exams

5 24078

Q:

The demand for labour is the same as the ___________.

A) marginal revenue product	B) marginal physical product
C) marginal cost	D) wage

Answer & Explanation Answer: A) marginal revenue product

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

0 24069

Q:

The ratio of cost price and marked price of an article is 2:3 and ratio of percentage profit and percentage discount is 3:2 . what is the discount percentage?

A) 16.66%	B) 20%
C) 25%	D) 33.33%

Answer & Explanation Answer: A) 16.66%

Explanation:

CP : MP = 2x : 3x

=> Profit = x

( %) profit : (%) discount = 3:2

Let CP = 2000, SP = 300

But $\frac{3 x}{100} \times 200 + \frac{2 x}{100} \times 300 = 100$

=> x = 8.33%

Discount 2x = 16.66%

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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

50 24067

Q:

Aizaz was born on 5th January 2015, while Faiz was born 553days later. On which date was Faiz born?

A) 11th July 2016	B) 10th July 2016
C) 9th July 2016	D) 12th July 2016

Answer & Explanation Answer: A) 11th July 2016

Explanation:

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Filed Under: Calendar
Exam Prep: Bank Exams

31 24062

Q:

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

9 ÷ 3 - 30 x 7 + 6 = 15

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

2 24053

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 24036

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 24021

Q:

Find the average of first 20 multiples of 9.

A) 94.8	B) 94.7
C) 94.6	D) 94.5

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