4000+ Latest Bank Exams Questions and Answers with Explanation

Q:

Determine the exact and ordinary simple interest on a 90-day loan of $8000 at $8 \frac{1}{2}$ %

A) 150$	B) $160
C) $170	D) $180

Answer & Explanation Answer: C) $170

Explanation:

Exact interest, I= prt = $8000 × 0.085 × 90/365 = 167.67

Ordinary Interest, I= Prt = $8000 x 0.085 x 90/360 = 170

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Filed Under: Simple Interest
Exam Prep: Bank Exams
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1 6731

Q:

A chartered bank offers a five-year Escalator Guaranteed Investment Certificate.In successive years it pays annual interest rates of 4%, 4.5%, 5%, 5.5%, and 6%, respectively, compounded at the end of each year. The bank also offers regular five-year GICs paying a fixed rate of 5% compounded annually. Calculate and compare the maturity values of $1000 invested in each type of GIC. (Note that 5% is the average of the five successive one-year rates paid on the Escalator GIC.)

A) 1276.28	B) 1234
C) 1278	D) 1256

Answer & Explanation Answer: A) 1276.28

Explanation:

FV = $1000(1.04)(1.045)(1.05)(1.055)(1.06) = $1276.14

the maturity value of the regular GIC is

FV = $ 1000 x ${(1.05)}^{5}$ = $1276.28

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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4 6730

Q:

P, Q and R secured 45%, 50% and 60% marks respectively in Biology. M’s marks in Biology is 12.5 more than P’s marks and 4 less than R’s marks. Find out the individual marks of four students.

A. For the students, total marks obtained for Biology is 311.5.
B. Total of M’s and P’s marks in Biology is 147.5.
C. R has obtained 84 marks.

A) Only C	B) Only A & B
C) All are required	D) None of the statements is required

Answer & Explanation Answer: D) None of the statements is required

Explanation:

From the given data,
(60 - 45)% = 12.5 + 4
15% = 16.5
=> 100% = ?
100% = 16.5 x 100/15 = 110

Hence, P = 45% of 110 = 45x110/100 = 49.5
Q = 50% of 110 = 55
R = 60% of 110 = 60 x 110/100 = 66
M = 12.5 + 49.5 = 62 or 66 - 4 = 62

Hence, no statement is required to answer.

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

3 6729

Q:

The heat from the sun reaches earth through Convection.

A) TRUE

B) FALSE

Answer & Explanation Answer: B) FALSE

Explanation:

The given statement, The heat from the sun reaches earth through Convection is FALSE.

Heat from the sun actually reaches the earth through Radiation. The process occurs through electromagnetic radiation, specifically, in which molecules are warmed when the heat reaches them, and these molecules then warm other molecules touching them, which continues until we feel the sun's heat.

Workspace

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Subject: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

8 6728

Q:

I have keys but no locks, I have space but no room. You can enter but can't go outside. What am I?

keys1531119373.jpg image

Answer

I am Keyboard.

A Keyboard has keys of letters, space button and enter button.

Workspace

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Subject: Logic Puzzles Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

23 6726

Q:

Rs.1500 is divided into two parts such that if one part is invested at 6% and the other at 5% the whole annual interest from both the sum is Rs.85. How much was lent at 5% ?

A) 500	B) 600
C) 450	D) 550

Answer & Explanation Answer: A) 500

Explanation:

Let the lent at 5% be 'A'

(A x 5 x 1)/100 + [(1500 - A)x 6 x 1]/100 = 85

5A/100 + 90 – 6A/100 = 85

A/100 = 5

=> A = 500

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

6 6723

Q:

Suresh introduces a man as " He is the son of the woman who is the mother of the husband of my mother ". How is Suresh related to the man ?

A) Son-in-law	B) Cousin
C) Father	D) Son

Answer & Explanation Answer: D) Son

Explanation:

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Filed Under: Blood Relations
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk

18 6718

Q:

Study the following figure and answer the questions given below.

By which number, the trained unmarried lecturers in the college are represented?

A) 6	B) 5
C) 7	D) 4

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