Bank Exams Questions

Q:

Which state has become the first Indian state to shift to to January to December financial year  ?

A) Telangana B) Haryana
C) Madhya Pradesh D) Uttar Pradesh
 
Answer & Explanation Answer: C) Madhya Pradesh

Explanation:

Madhya Pradesh has become the first Indian state to announce shifting of its financial year format to January-December starting from 2018, as against the current practice of April-March cycle. The decision has recently taken by the state government in its state cabinet meeting, which was chaired by Chief Minister Shivraj Singh Chouhan. Thus, the budget session of the next financial year would be held in December-January 2018.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT
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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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Q:

What is another name for the governor of a state?

A) Chief Executive B) Attorney General
C) Secretary of the State D) Vice Pesident
 
Answer & Explanation Answer: A) Chief Executive

Explanation:

Another name for the governor of the state is Chief Executive of the state.

And we also know that, The attorney general is the head of the US Department of Justice, The vice president is just under the president of the US and The secretary of state is the head of the US Department of State.

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Q:

What is the systematic name of Mg(NO3)2?

A) Manganese nitrite B) Magnesium nitrite
C) Magnesium nitrate D) Manganese nitrate
 
Answer & Explanation Answer: C) Magnesium nitrate

Explanation:

Mg(NO3)2 is Magnesium nitrate.

 

In the case of Mg(NO3)2, the metal in the compound is magnesium (Mg), and the non-metal here is called the nitrate ion (NO3). This makes the name of the compound simply magnesium nitrate.

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Filed Under: Chemistry
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Q:

A began a business with Rs. 85000. He was joined afterwards by B with Rs. 42,500. For how much perod does B join, if the profits at the end of the year are divided in the ratio of 3:1 ?

A) 8 months B) 6 months
C) 7 months D) 9 months
 
Answer & Explanation Answer: A) 8 months

Explanation:

Suppose B joined for x months.

Given profit is divided in the ratio 3:1. Then,

85000×1242500×x=31

 --> x = 8 months.

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Filed Under: Partnership
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6 5728
Q:

I will disappear every time you say my name. What am I?

A) Thief B) Silence
C) Shadow D) None
 
Answer & Explanation Answer: B) Silence

Explanation:
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Filed Under: Word Puzzles
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Q:

Which results in an increase in power?

A) doing more work in less time. B) doing less work in more time.
C) doing less work in less time. D) doing more work in more time.
 
Answer & Explanation Answer: A) doing more work in less time.

Explanation:

Doing more work in less time, results in an increase in power to do a work.

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Filed Under: Physics
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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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