Bank Exams Questions

Q:

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A) 39158 B) 49158
C) 59158 D) 69158
 
Answer & Explanation Answer: B) 49158

Explanation:

i=j/m

FV = PV(1+  i)^n

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

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Q:

Carbon Arc lamps are commonly used in

A) cinema projectors B) photography
C) vehicles D) domestic lighting
 
Answer & Explanation Answer: A) cinema projectors

Explanation:

The carbon arc lamp was the first widely-used type of electric light and the first commercially successful form of electric lamp.

carbon_arc_lamps_are_commonly_used_in1562825984.jpg image

Here are the Carbon Arc Lamp Uses :


-Super bright light, capable of lighting a large length of street or a large factory interior.

-Was the ONLY electric light available to light large areas from 1800 - 1901.

-Was cheaper to light streets with the arc lamp than gas or oil lamps.

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

It takes one minute to fill 2/7 th of a vessel. What is the time taken in minutes to fill the whole of the vessel  ? 

A) 1/7 min B) 7/2 min
C) 5/7 min D) 7/5 min
 
Answer & Explanation Answer: B) 7/2 min

Explanation:

Time taken to fill 2/7 = 1
Then to fill full 1 = ?
? = 1/(2/7) = 7/2 minutes.

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Filed Under: Time and Work
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Q:

Which Indian airport has become the busiest single-runway airport in the world with 1 flight in 65 seconds ?

A) Chennai International Airport B) Chhatrapati Shivaji International Airport
C) Indira Gandhi International Airport D) Kempegowda International Airport
 
Answer & Explanation Answer: B) Chhatrapati Shivaji International Airport

Explanation:

The GVK group-run Mumbai airport has become the world’s busiest amongst the single-runway facilities by handling 837 flights a day or one in 65 seconds on an average in fiscal 2017.

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

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A) 75263.64 B) 76345
C) 76389 D) 56897
 
Answer & Explanation Answer: A) 75263.64

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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Filed Under: Compound Interest
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Q:

India has ranked _____ rank in World Bank's 'Ease of doing business' index.

A) 100 B) 101
C) 99 D) 102
 
Answer & Explanation Answer: A) 100

Explanation:
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Filed Under: Indian Economy
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Q:

World Youth Skills Day is observed on _____ ?

A) 16 July B) 14 July
C) 13 July D) 15 July
 
Answer & Explanation Answer: D) 15 July

Explanation:

The United Nations General Assembly in November 2014 declared 15th July as World Youth Skills Day.

This day is celebrated all over the world to raise the awareness about the issue of unemployment among youth. 

Theme for the year 2017 is Skills for All.

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Filed Under: Important Days and Years
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Q:

Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children’s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ?

A) Rs. 34000 B) Rs. 31245
C) Rs. 24315 D) Rs. 28000
 
Answer & Explanation Answer: D) Rs. 28000

Explanation:

Let the monthly salary of Shankar be = Rs.x
Amount invested on expenditure = 25% = x/4;
Remaning amount = 3x/4;
Amount invested on children education = 20% i.e = 3x/20;
Remaining amount = 3x/4 - 3x/20 = 3x/5;
Remaining amount invested in three different schemes i.e is 1/3(3x/5)
=> x/5 = 5600
Therefore x = 28000
Hence, Monthly salary of Shankar is Rs. 28,000.

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Filed Under: Stocks and Shares
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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