Bank Exams Questions

Q:

Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years? 

A) Rs. 3845 B) Rs. 4826
C) Rs. 5142 D) Rs. 4415
 
Answer & Explanation Answer: B) Rs. 4826

Explanation:

We know the formula for calculating

The compound interest C = P1 + r100n - 1 where P = amount, r = rate of interest, n = time

Here P = 5000, r1 = 10, r2 = 20

Then C = 65001 + 101002 x 1 + 201002 - 1= 6500 x 18562500= 65 x 185625

C = Rs. 4826.

Report Error

View Answer Report Error Discuss

20 5345
Q:

What is the probability of an impossible event?

A) 0 B) -1
C) 0.1 D) 1
 
Answer & Explanation Answer: A) 0

Explanation:

The probability of an impossible event is 0.

The event is known ahead of time to be not possible, therefore by definition in mathematics, the probability is defined to be 0 which means it can never happen.

 

The probability of a certain event is 1.

Report Error

View Answer Report Error Discuss

17 5344
Q:

Name the cricketer who has become the first Indian to face 500-plus balls in an Test match innings ? 

A) Virat Kohli B) Cheteshwar Pujara
C) Karun Nair D) Murli Vijay
 
Answer & Explanation Answer: B) Cheteshwar Pujara

Explanation:

India's most consistent middle-order batsman Cheteshwar Pujara stormed his way into record books after playing a marathon innings against Australia on fourth day of the third Test match
surpassing Rahul Dravid previous best of 495 balls. 

Report Error

View Answer Report Error Discuss

Filed Under: Sports
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

4 5344
Q:

The value of (sin0+cos0)2=

A) 1+sin20 B) sin20 +cos20
C) 1+ 2cos0sin0 D)
 
Answer & Explanation Answer: D)

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Inventions
Exam Prep: Bank Exams

4 5340
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 19296 B) 19396
C) 19496 D) 19596
 
Answer & Explanation Answer: A) 19296

Explanation:

The single equivalent payment will be PV + FV.
FV = Future value of $10,000, 12 months later
 $10,000 *(1.0075)/12
 $10,938.07
PV=  Present value of $10,000, 24 months earlier
 $10,000/(1.0075)24
 $8358.31
The equivalent single payment is
$10,938.07 + $8358.31 = $19,296.38

Report Error

View Answer Report Error Discuss

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

2 5339
Q:

72 ÷ 52 × 3272 ÷ 52 of 32 ÷ 5.25

A) 3/5 B) 3/6
C) 3/7 D) 3/8
 
Answer & Explanation Answer: C) 3/7

Explanation:

75x321415 ÷ 52510094 ÷ 5251009002100= 37

Report Error

View Answer Report Error Discuss

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

1 5338
Q:

The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is  ?

A) 3 years B) 4 years
C) 2.5 years D) 2 years
 
Answer & Explanation Answer: B) 4 years

Explanation:

P1+20100n > 2P 

 

 

 

Now, (6/5 x 6/5 x 6/5 x 6/5) > 2.

 

 

 

So, n = 4 years.

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: GRE , GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

11 5337
Q:

If [P @ Q] means [P is wife of Q], [P+Q] means [P is father of Q] and [P - Q] means [P is sister of Q] then in [G+ H - R @ D], how is G related to D ?

A) Son-in-law B) Grand father
C) Father-in-law D) Brother
 
Answer & Explanation Answer: C) Father-in-law

Explanation:

"G is father in law of D"
G+H means G is father of H
H is either son or daughter of G
H-R means H is sister of R
R@D means R is wife of D
so H and R are sisters
and daughters of G
so husband of R i.e. D is son in law of G
or G is father in law of D

Report Error

View Answer Report Error Discuss

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

4 5334