Bank Exams Questions

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

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Filed Under: Compound Interest
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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

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Filed Under: Compound Interest
Exam Prep: Bank Exams
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0 5105
Q:

A,B,C can complete a work in 15,20 and 30 respectively.They all work together for two days then A leave the work,B and C work some days and B leaves 2 days before completion of that work.how many days required to complete the whole work?

Answer

Given A,B,C can complete a work in 15,20 and 30 respectively.


The total work is given by the LCM of 15, 20, 30 i.e, 60.


A's 1 day work = 60/15 = 4 units


B's 1 day work = 60/20 = 3 units


C's 1 day work = 60/30 = 2 units


(A + B + C) worked for 2 days = (4 + 3 + 2) 2 = 18 units


 Let B + C worked for x days = (3 + 2) x = 5x units


C worked for 2 days = 2 x 2 = 4 units


Then, 18 + 5x + 4 = 60


22 + 5x = 60


5x = 38


x = 7.6


 


Therefore, total number of days taken to complete the work = 2 + 7.6 + 2 = 11.6 = 11 3/5 days.

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Subject: Time and Work Exam Prep: AIEEE , Bank Exams , CAT , GATE
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10 5105
Q:

'The Race of my Life' the Autobiography has been co-authored by Milkha Singh's daughter, whose name is ____ ?

A) Sonia Sanwalka B) Mankhia Singh
C) Sanjitia Sardar D) Poonam Dillo
 
Answer & Explanation Answer: A) Sonia Sanwalka

Explanation:
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Filed Under: Books and Authors
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13 5103
Q:

Synonym for the word : Bleak

A) bare B) lush
C) warm D) verdant
 
Answer & Explanation Answer: A) bare

Explanation:

Bleak means an area of land lacking vegetation and exposed to the elements like deserts.

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Filed Under: Analogy
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16 5100
Q:

Transformation of input into output is performed by

A) CPU B) The input-output unit
C) Memory unit D) Peripherals
 
Answer & Explanation Answer: A) CPU

Explanation:

We know that, in computers transformation of input into output is performed by the ALU unit i.e, the Arithematic and Logical unit that performs all the logical and arithmatical operations in the CPU - Central Processing Unit.

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Filed Under: Computer
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Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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

1 5099
Q:

Cellular respiration is best associated with the

A) microtubule B) ribosome
C) Golgi apparatus D) mitochondrion
 
Answer & Explanation Answer: D) mitochondrion

Explanation:

Cellular respiration is best associated with the organelle Mitochondrion.

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Filed Under: Biology
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Job Role: Analyst , Bank Clerk

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