Bank Exams Questions

Q:

A jeep travels a certain distance taking 6 hrs in forward journey, during the return journey increased speed 12km/hr takes the times 4 hrs. What is the distance travelled by the jeep is ?

A) 244 km B) 144 km
C) 444 km D) 344 km
 
Answer & Explanation Answer: B) 144 km

Explanation:

Given a jeep travels a certain distance taking 6 hrs in forward journey
During the return journey, it takes 4 hrs with an increased speed 12 km/hr
Let 'x' be the distance.
Now, speed is given by distance/time.
Here the difference between both speeds = 12

 x4 - x6 = 12

 3x - 2x12 = 12

 

=> x = 144 km

 

Therefore, the distance travelled by the jeep in forward or return journey is x = 144 km.

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3 5144
Q:

Which new train is being flagged off by railway minister Suresh Prabhu in April 2017 ?

A) Double Deck Passenger Trains B) High-speed rail
C) Metro train D) Vistadome coach train
 
Answer & Explanation Answer: D) Vistadome coach train

Explanation:

Vistadome coach train flagged off in April 2017 is routed between Visakhapatnam to Araku valley station.

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Q:

M, N and O can complete the work in 18, 36 and 54 days respectively. M started the work and worked for 8 days, then N and O joined him and they all worked together for some days. M left the job one day before completion of work. For how many days they all worked together?

A) 4 B) 5
C) 3 D) 6
 
Answer & Explanation Answer: B) 5

Explanation:

Let M, N and O worked together for x days.

From the given data,
M alone worked for 8 days
M,N,O worked for x days
N, O worked for 1 day

But given that
M alone can complete the work in 18 days
N alone can complete the work in 36 days
O alone can complete the work in 54 days

The total work can be the LCM of 18, 6, 54 = 108 units

M's 1 day work = 108/18 = 6 units
N's 1 day work = 108/36 = 3 units
O's 1 day work = 108/54 = 2 units

Now, the equation is
8 x 6 + 11x + 5 x 1 = 108
48 + 11x + 5 = 108
11x = 103 - 48
11x = 55
x = 5 days.

Hence, all M,N and O together worked for 5 days.

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Filed Under: Time and Work
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3 5138
Q:

Which Bank has bagged the 'Best Bank' award among small banks  ?

A) Karur Vysya Bank B) Kotak Mahindra Bank
C) BOI Bank D) Karnataka Bank
 
Answer & Explanation Answer: D) Karnataka Bank

Explanation:
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Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

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Filed Under: Compound Interest
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1 5133
Q:

Every computer on the internet is known as

A) Client B) Modem
C) Server D) Host
 
Answer & Explanation Answer: D) Host

Explanation:

Every computer on the internet needs a string called Internet Protocol (IP address) to perform its work. So Every computer on the internet is known as Host.

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Q:

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A) Rs.1251 B) Rs.1261
C) Rs.1271 D) Rs,1281
 
Answer & Explanation Answer: B) Rs.1261

Explanation:

Clearly, Rate = 5% p.a .,

Time = 3 years

S.I =Rs.1200.

So,Principal

=Rs.(100 x 1200/3x5)

=Rs.8000.

 

Amount

=Rs.[8000 x (1+5/100)³]

=Rs(8000x21/20x21/20x21/20)

= Rs.9261

 

C.I

=Rs.(9261-8000)

=Rs.1261.

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Q:

 83% of 2350 = ?

A) 1889.95 B) 1912.35
C) 1875.25 D) 1950.50
 
Answer & Explanation Answer: D) 1950.50

Explanation:
83% of 2350 = ?
 
83/100 x 2350
 
=8.3 x 235
 
=1950.50
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Filed Under: Percentage
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