Bank Exams Questions

Q:

The difference between the compound interest and the simple interest on Rs. 6250 at 8% per annum in 2 years is

A) Rs.30 B) Rs.40
C) Rs.50 D) Rs.60
 
Answer & Explanation Answer: B) Rs.40

Explanation:
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Q:

Tone, volume and pace are part of

A) Body language B) Spoken language
C) Sign language D) Written language
 
Answer & Explanation Answer: B) Spoken language

Explanation:

Tone, volume and pace are part of Spoken language.

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

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Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22 B) 3456
C) 4567 D) 7890
 
Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

 

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

 

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

 

V = P(1 + r)10 = 5,000 x (1.04)10 = 7,401.22

 

Thus the value in this instance will be £7,401.22.

 

In a case such as this, the 8 per cent is called a nominal annual

 

rate, and we are actually referring to 4 per cent per six months.

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

There are several peacocks and deers in a cage (with no other types of animals). There are 72 heads and 200 feet inside the cage. How many peacocks are there, and how many deers ?

A) 42 & 24 B) 38 & 26
C) 36 & 24 D) 44 & 28
 
Answer & Explanation Answer: D) 44 & 28

Explanation:

Let
x = peacocks
y = deers

2x + 4y = 200
x + y = 72
y = 72 - x
2x + 288 - 4x = 200
x = 44 peacocks
y = 28 deers

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Filed Under: Numbers
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Q:

India's largest telecom operator Bharti Airtel announced a partnership with __________ to provide cyber security solutions to businesses in India.

A) Symantec Corp B) Mimecast
C) Cisco D) Raytheon
 
Answer & Explanation Answer: A) Symantec Corp

Explanation:
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Filed Under: General Awareness
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Q:

Which Indian city is named after the snake Anantha of Lord Vishnu?

A) Trivandrum B) Tiruchirappalli
C) Tanjavore D) Vellore
 
Answer & Explanation Answer: A) Trivandrum

Explanation:

Thiruvananthapuram also known as Trivandrum, is the capital and the largest city of the Indian state of Kerala is named after the snake Anantha of Lord Vishnu.

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Q:

A caribbean shape that makes ships disappear

A) Square B) Triangle
C) Circle D) Pentagon
 
Answer & Explanation Answer: B) Triangle

Explanation:

The triangle is a caribbean shape that makes ships disappear.

 

A_caribbean_shape_that_makes_ships_disappear1558074852.jpg image

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Q:

The 'IFSC Code' is an alphanumeric code comprising 11 characters that facilitates Electronic Fund Transfer in the country. The alphabet 'F' in the abbreviation 'IFSC' stands for ?

A) Fund B) Fast
C) Financial D) First
 
Answer & Explanation Answer: C) Financial

Explanation:

IFSC stands for - Indian Financial System Code. This is a code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India :

1. RTGS - The Real Time Gross Settlement  (and)

2. NEFT - The National Electronic Fund Transfer (NEFT) systems.

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Filed Under: Indian Economy
Exam Prep: AIEEE , Bank Exams , CAT
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