Bank Exams Questions

Q:

A constitutional monarchy provides what power to a monarch?

A) Absolute power over parliament B) Only power given in the constitution
C) Power for kings, not queens D) A divine right of kings
 
Answer & Explanation Answer: B) Only power given in the constitution

Explanation:

A constitutional monarchy is a form of monarchical government established under a constitutional system which acknowledges an elected or hereditary monarch as head of state.

 

The monarchs in a constitutional monarchy had only the power that was allocated to them in the constitution of their land or republic.

 

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Filed Under: World History
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Q:

In an election between two candidates 70% of the voters cast their votes, out of which 2% of the votes were declared invalid. A candidate got 7203 votes which was 60% of the total valid votes. Find the total number of voters enrolled in that election.

A) 18050 B) 17500
C) 17000 D) 7203
 
Answer & Explanation Answer: B) 17500

Explanation:

Let total number of votes enrolled = x
No. of voted cast = 70% of x = 0.7x
Valid votes = 98% of 0.7x
⇒ 60% of total valid votes = 7203 = 60% of 98% of 0.7x
⇒ 0.6 X 0.98 X 0.7x = 7203
⇒ x = 7203 / (0.6 X 0.98 X 0.7)
⇒ x = 17500

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Filed Under: Percentage
Exam Prep: Bank Exams

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Q:

When a discount of 25% is given on a wedding gown, the profit is 32%. If the discount is 17%, then the profit is _____%.

A) 46.08 B) 49
C) 51.03 D) 43.16
 
Answer & Explanation Answer: A) 46.08

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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Q:

Which is the largest desert in Asia?

A) Kyzyl kum B) Thar
C) Karakum D) Gobi
 
Answer & Explanation Answer: D) Gobi

Explanation:

The largest desert in Asia is called the Gobi Desert. It covers an area of 500,000 square miles stretching from southern Mongolia to northern China.

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Filed Under: Indian Geography
Exam Prep: CAT , Bank Exams , AIEEE
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Q:

The Manager of a company accepts only one employees leave request for a particular day. If five employees namely Roshan, Mahesh, Sripad, Laxmipriya and Shreyan applied for the leave on the occasion of Diwali. What is the probability that Laxmi priya’s leave request will be approved ?

A) 1 B) 1/5
C) 5 D) 4/5
 
Answer & Explanation Answer: B) 1/5

Explanation:

Number of applicants = 5
On a day, only 1 leave is approved.
Now favourable events =  1 of 5 applicants is approved
Probability that Laxmi priya's leave is granted = 1/5.

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Filed Under: Probability
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6 5564
Q:

The total simple interest earned on a sum of money increases by Rs. 600 when the rate of interest increases by 2% per annum. If the investment was made for 5 years, find the sum of money that was invested ?

A) Rs. 6000 B) Rs. 5550
C) Rs. 7500 D) Rs. 6580
 
Answer & Explanation Answer: A) Rs. 6000

Explanation:

Let the sum invested be Rs. P

Let the rate of interest be R% per annum

=> Interest earned for 5 years = (P x 5 x R/100) = PR/20

Now, given that the interest earned increased by Rs. 600 if the Rate increased to (R+2)%

=> SI = (P x 5 x (R+2))/100 = PR/20 + 10P/100

Hence,

PR/20 + 10P/100 = PR/20 + 600

=> P = 6000

Therefore, the sum invested is Rs. 6000

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Filed Under: Simple Interest
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13 5561
Q:

If A = log321875 and B = log2432187, then which one of the following is correct?

A) A B) A=B
C) A>B D) can't be determined
 
Answer & Explanation Answer: B) A=B

Explanation:

 Given A = log321875 and B = log2432187

B = log352187 = log321875

=> A

Therefore, A = B

   

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Filed Under: Logarithms
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Q:

A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

A) 1206 B) 1306
C) 1406 D) 1506
 
Answer & Explanation Answer: B) 1306

Explanation:

I  = ptr

Therefore, the total amount the owner received on January 17, 2001 was

$1295.57 + $10.47 = $1306.04

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

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