4000+ Latest Bank Exams Questions and Answers with Explanation

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 24179

Q:

Refer the below data table and answer the following question.

Who has the least weight to height ratio?

A) Archita	B) Arpana
C) Arpita	D) Arundhati

Answer & Explanation Answer: C) Arpita

Explanation:

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Filed Under: Table Charts
Exam Prep: Bank Exams

0 24164

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 24136

Q:

What is a Non-PO Invoice?

Answer

A non-po is an invoice which does not have po(purchase order).However, these invoices requires approval for authorized person/persons to process for payment.

What_is_a_Non-PO_Invoice1558075538.jpg image

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Subject: Accounts Payable Exam Prep: Bank Exams
Job Role: Bank Clerk , Bank PO

35 24078

Q:

The enzyme that converts glucose to ethyl alcohol is

A) Maltase	B) Zymase
C) Diastase	D) Invertase

Answer & Explanation Answer: B) Zymase

Explanation:

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams
Job Role: Bank Clerk

96 24067

Q:

In the figure $∠ AMB = 130 °$ , then what is the value (in deg) of $∠ ABQ$ ?

A) 40	B) 50
C) 60	D) 90

Answer & Explanation Answer: B) 50

Explanation:

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

3 24061

Q:

In the following question, select the odd word pair from the given alternatives.

A) Cup – Tea	B) Jug – Water
C) Bowl – Curd	D) Pen – Butter

Answer & Explanation Answer: D) Pen – Butter

Explanation:

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Filed Under: Odd Man Out
Exam Prep: Bank Exams

0 24057

Q:

The ___________ has emerged as a convenient means of global communication, information sharing and services.

A) e-books	B) Internet
C) Satellites	D) Public telephone booths

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