Bank Exams Questions

Q:

Mohan spends 23% of an amount of money on an insurance policy, 33% on food, 19% on children’s education and 16% on recreation. He deposits the remaining amount of Rs. 504 in bank. How much amount does he spend on food and insurance policy together?

A) Rs. 2326 B) Rs. 5876
C) Rs. 1741 D) Rs. 3136
 
Answer & Explanation Answer: D) Rs. 3136

Explanation:

Let total amount = Rs. P

Total expenditure = (23 + 33 + 19 + 16)% of P = 91%ofP

Remaining money = (100 - 91)% of P = 9% of P

But given in the question that,

9% of P = 504

9p/100 = 504

=> P = 50400/9

=> P = Rs. 5600

 

Required money spent on Food & Insurance = 23 + 33 %

= 56% of 5600

= 56 x 5600/100 = 56 x 56 = Rs. 3136

Report Error

View Answer Report Error Discuss

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

5 5108
Q:

It is given that log10 2= 0.301 and log10 3 = 0.477. How many digits are there in (108)10?

A) 19 B) 20
C) 21 D) 22
 
Answer & Explanation Answer: C) 21

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Logarithms
Exam Prep: Bank Exams

38 5106
Q:

If a quarter kg of carrots costs 60 paise, how many paise will 200 gms cost ?

A) 78 paise B) 48 paise
C) 54 paise D) 62 paise
 
Answer & Explanation Answer: B) 48 paise

Explanation:

Quarter of Kg means 250 gm

Less weight, less price (Direct Proportion)

So,

250 : 200 :: 60 : x => x = 48

So 200 gm will cost 48 paise.

Report Error

View Answer Report Error Discuss

Filed Under: Chain Rule
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

33 5104
Q:

Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

A) 346.64 B) 356.64
C) 366.64 D) 376.64
 
Answer & Explanation Answer: C) 366.64

Explanation:

A=P(1+r)^t

Report Error

View Answer Report Error Discuss

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

0 5099
Q:

There is a clock which shows false timing ie it shows 20 minutes less for each 1 hour. If the clock shows 12 noon now how many minutes will be lost when it shows 2 pm ?

A) 36 minutes B) 48 minutes
C) 35 minutes D) 60 minutes
 
Answer & Explanation Answer: D) 60 minutes

Explanation:

For 1 hour, 20 minutes is slower, then for
06 miuntes - 2 minutes is slower
30 minutes - 10 minutes
Actual time | false time
12 12
01 PM 12:40 PM (20 minutes slower)
02 PM 01:20 PM
03 PM 02:00 PM

So, when actual time is 3pm, the false time is 2 pm.
So, it loses 60 minutes when it shows 2 pm.

Report Error

View Answer Report Error Discuss

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

22 5099
Q:

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A) 1710.29 B) 2710.29
C) 3710.29 D) 4710.29
 
Answer & Explanation Answer: C) 3710.29

Explanation:

i=j/m

n =m(Term) = 2(15.5)  =31

Fair market value  Present value of the face value

 =FV(1+  i)^-n

Report Error

View Answer Report Error Discuss

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

4 5098
Q:

A shopkeeper sells two articles at Rs.1000 each, making a profit of 30% on the first article and a loss of 20% on the second article. Find the net profit or loss that he makes ?

A) 0.85 % B) 0.95 %
C) 1.0 % D) 1.3 %
 
Answer & Explanation Answer: B) 0.95 %

Explanation:

SP of first article = 1000
Profit = 30%
CP = (SP)x[100/(100+P)] = 10000/13

SP of second article = 1000
Loss = 20%
CP = (SP)x[100/(100-L)] = 5000/4 = 1250

Total SP = 2000

Total CP = 10000/13 + 1250 = 2019.23

CP is more than SP, he makes a loss.

Loss = CP-SP = 2019.23 - 2000 = 19.23
Loss Percent = [(19.23)/(2019.23)]x100 = 0.95 %.

Report Error

View Answer Report Error Discuss

Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

6 5096
Q:

The probability that a bowler bowled a ball from a point will hit by the batsman is ¼. Three such balls are bowled simultaneously towards the batsman from that very point. What is the probability that the batsman will hit the ball ?

A) 37/64 B) 27/56
C) 11/13 D) 9/8
 
Answer & Explanation Answer: A) 37/64

Explanation:

Probability of not hitting the ball = 1- 1/4 =IBPS RRB Clerk Level Quiz : Quantitative Aptitude | 11 -09 - 17
Then, the probability that the batsman will hit the ball =IBPS RRB Clerk Level Quiz : Quantitative Aptitude | 11 -09 - 17

Report Error

View Answer Report Error Discuss

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

14 5091