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

Report Error

View Answer Report Error Discuss

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

30 24038

Q:

Select the figure that does NOT belong in the following group.

A) B	B) D
C) C	D) A

Answer & Explanation Answer: C) C

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Odd Man Out
Exam Prep: Bank Exams

0 24032

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

Report Error

View Answer Report Error Discuss

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

26 24023

Q:

If 7∆6 = 84, 1∆4 = 8 and 2∆3 = 12, then find the value of 8∆4 = ?

A) 64	B) 36
C) 12	D) 40

Answer & Explanation Answer: A) 64

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Coding and Decoding
Exam Prep: Bank Exams

2 23996

Q:

Can you spot the missing number?

number_puzzle11531377158.jpg image

A) 3	B) 6
C) Both A & B	D) None of the above

Answer & Explanation Answer: C) Both A & B

Explanation:

The given number puzzle can be soved in two ways.

Logic 1 ::

Row 1 - 2 x 3 = 6 , 6 x 3 = 18

Row 2 - 4 x 5 = 20 , 20 x 5 = 100

Row 3 - 3 x 7 = 21 , 21 x 7 = 147

Hence, the missing number could be 3.

Logic 2 ::

Row 1 - 6 x (2+1) = 18

Row 2 - 20 x (4+1) = 100

Row 3 - 21 x (6+1) = 147

Hence, the missing number could be 6.

Therefore, 3 or 6 is the right answer.

Report Error

View Answer Report Error Discuss

Filed Under: Number Puzzles
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

138 23984

Q:

Statements followed by some conclusions are given below.

Statements :

1. X is 7 meters tall, Y is half as high and Z is 3 times the height of X.

2. P is taller than Z but shorter than A and B.

Conclusions :

I. B s the tallest of all.

II. The average height of X, Y and Z is less than 10 meters.

Find which of the given conclusions logically follows from the given statements.

A) Only conclusion I follows	B) Only conclusion II follows
C) Both I and II follow	D) Neither I nor II follows

Answer & Explanation Answer: D) Neither I nor II follows

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

8 23935

Q:

In December 2017, the Prime Minister of India inaugurated the B. R. Ambedkar International Centre in ______.

A) Mumbai	B) Ahmedabad
C) New Delhi	D) Hyderabad

Answer & Explanation Answer: C) New Delhi

Explanation:

Report Error

View Answer Report Error Discuss

Filed Under: Indian Geography
Exam Prep: Bank Exams

3 23927

Q:

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

7 x 16 + 20 - 20 ÷ 10 = 31

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

Bank Exams Questions

Quick Links