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Bank Exams Questions

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Q:

In computer short cut keys, F4 key is used to

A) To display the items in the active list B) To display help
C) To display system properties dialog box D) To display desktop
 
Answer & Explanation Answer: A) To display the items in the active list

Explanation:

To display the items in the active list.

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Filed Under: Computer
Exam Prep: AIEEE , Bank Exams
Job Role: Analyst , Bank Clerk

11 4914
Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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

0 4912
Q:

According to experts what percentage of trash is recyclable?

A) 16% B) 36%
C) 72% D) 90%
 
Answer & Explanation Answer: D) 90%

Explanation:

according_to_experts_what_percentage_of_trash_is_recyclable1556256889.jpg image

 

EPA - Environmental Protection Agency.

 

The EPA estimates that 85% - 90% of the waste is recyclable, but we only recycle about 30% - 40% of it.

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Filed Under: General Awareness
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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5 4912
Q:

The number of solutions of the equation logx2x2+40log4xx-14log16xx3=0 is:

A) 0 B) 1
C) 2 D) 3
 
Answer & Explanation Answer: D) 3

Explanation:
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Filed Under: Logarithms
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14 4910
Q:

Which of the following best describes Accounting?

A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business B) is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
C) records economic data but does not communicate the data to users according to any specific rules D) is of no use by individuals outside of the business
 
Answer & Explanation Answer: A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business

Explanation:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. 

Which_of_the_following_best_describes_Accounting1537425183.gif image

Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. 

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

0 4908
Q:

Fiscal Policy is concerned with

A) Government Spending and Taxation B) Money Supply
C) Government Spending, Money Supply and Taxation D) Taxation
 
Answer & Explanation Answer: A) Government Spending and Taxation

Explanation:

The two most widely recognized tools used to influence a Nation's Economic activity are Monetary policy and Fiscal policy.

 

    • Monetary policy is primarily concerned with the management of interest rates and the total supply of money in circulation and is generally carried out by central banks

 

    • Fiscal policy is the collective term for the taxing and spending actions of governments.

 

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Filed Under: Indian Economy
Exam Prep: CAT , Bank Exams
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13 4908
Q:

The area of a square is equal to the area of a rectangle. The length of the rectangle is 5 cm more than a side of the square and its breadth is 3 cm less than the side of the square. What is the perimeter of the rectangle ? 

A) 15 cm B) 18 cm
C) 34 cm D) 26 cm
 
Answer & Explanation Answer: C) 34 cm

Explanation:

Let the side of the square be 's' cm

 

length of rectangle = (s+5) cm

 

breadth of rectangle = (s-3)cm

 

(s+5) (s-3) = 

 

s2 - 5s - 3s - 15 = s2 

 

2s = 15

 

Perimeter of rectangle = 2(L+B) = 2(s+5 + s–3) = 2(2s + 2)

 

= 2(15 + 2) = 34 cm 

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Filed Under: Area
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28 4906
Q:

How many numbers up to 101 and 300 are divisible by 11  ?

A) 18 B) 20
C) 19 D) 17
 
Answer & Explanation Answer: A) 18

Explanation:

(300 – 101)/11 = 199/11 = 18 1/11

18 Numbers.

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Filed Under: Problems on Numbers
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9 4904