Bank Exams Questions

Q:

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19 B) 1237
C) 2863 D) 1892
 
Answer & Explanation Answer: A) 1126.19

Explanation:

M=P(1+i)^n

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

Which is a pair of allotropes?

A) carbon-16 and carbon-12 B) diamond and graphite
C) carbon dioxide and graphite D) diamond and carbon dioxide
 
Answer & Explanation Answer: B) diamond and graphite

Explanation:

Allotropes are the different physical forms of an element. Here in the given options, diamond and graphite are the pair of allotropes of carbon.

 

Some more examples are Molecular oxygen and ozone are pair of allotropes, Black and red phosphorous are also pairs of allotropes.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

_____ ties-up with Airtel to roll out integrated digital offerings to customers in 2017 ?

A) Uber cabs B) Ola cabs
C) Cabs 24 D) Dot cabs
 
Answer & Explanation Answer: B) Ola cabs

Explanation:

India's largest cab aggregator Ola has partnered with Bharti Airtel to launch a range of integrated digital offerings to customers.

 As part of the partnership, Ola will integrate Airtel Payments bank to its app and Airtel will integrate Ola's mobile wallet Ola Money as a payment solution on Airtel website and MyAirtel app for mobile recharges and bill payments.

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

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 3years B) 2years
C) 4years D) 6years
 
Answer & Explanation Answer: B) 2years

Explanation:

Amount = Rs. (30000 + 4347) = Rs. 34347.

Let the time be n years.

Then, 30000*(1+7/100)^n=34347

n= 2 years

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

One-third of the boys and one-half of the girls of a college participated in a sport. If the number of participating students is 300, out of which 100 are boys. What is the total number of students in the college ?

A) 550 B) 575
C) 625 D) 700
 
Answer & Explanation Answer: D) 700

Explanation:

Let number of boys = B

Number of girls = G

From the given data,

1B/3 + 1G/2 = 300

But given B/3 = 100

=> B = 300

G/2 = 300 - 100

G = 200 x 2

=> G = 400

Therefore, total number of students in the college = B + G = 700.

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Filed Under: Percentage
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Q:

What starts with P and ends with E and has thousands of letters?

What_starts_with_P_and_ends_with_E_and_has_thousands_of_letters1533536653.jpg image

Answer

A POST OFFICE is the word which starts with P and ends with E and has thousands of letters which are posted.

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Subject: Logic Puzzles Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

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Q:

Choose the synonym of 'Maelstrom' from the following given words ?

A) Congregation B) Thunder
C) Miracle D) Turmoil
 
Answer & Explanation Answer: D) Turmoil

Explanation:

'Maelstrom' refers to a violent and confused state. The word closest in meaning would be 'turmoil', which also means a state of great disturbance.

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Filed Under: Analogy
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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Q:

On simple interest an amount becomes Rs. 812 in two years and Rs. 924 in four years. What is the rate of interest on that amount?

A) 7.2% B) 8%
C) 8.5% D) 9.3%
 
Answer & Explanation Answer: B) 8%

Explanation:

We know, 

S.I = PTR/100 where P = principal amount, T = time, R = rate of interest

Here in the given data,

Interest for two years S.I = 924 - 812 = Rs. 112

Now, Principal amount P = 812 - 112 = Rs. 700 

Now,

R = S.I x 100/PT

R = 112 x 100/700 x 2

R = 11200/1400

R = 8%

 

Hence, the rate of interest R = 8%.

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