Bank Exams Questions

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
Job Role: Analyst , Bank Clerk , Bank PO

6 4420
Q:

A person who builds houses

A) Architect B) Builder
C) Bricklayer D) Contractor
 
Answer & Explanation Answer: B) Builder

Explanation:

A person who builds houses or buildings is known as builder.

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

1 4420
Q:

How many such pairs of letters are there in the word ORDINAL each of which has as many letters between them in the word as in the English alphabet?

A) None B) One
C) Two D) Three
 
Answer & Explanation Answer: D) Three

Explanation:
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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams
Job Role: Bank PO

5 4419
Q:

What is the name of India’s first-ever industrial-articulated robot that was launched on 11 April 2017 by TAL Manufacturing Solutions ?

A) RAINBOW B) BRAVO
C) TURBO D) BRABO
 
Answer & Explanation Answer: D) BRABO

Explanation:

TAL Manufacturing Solutions, a wholly owned subsidiary of Tata Motors, on 11 April 2017 launched India’s first industrial-articulated robot and it goes by the name “BRABO”.

BRABO is meant to complement the human workforce and perform repetitive, high volume, dangerous and time-consuming tasks from raw material handling to packaging of finished products.

– This is the first time that an industrial robot has been conceptualised, designed and manufactured in India. It is expected to increase productivity by 15-30%, with a payback period of 15 to 18 months.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

2 4411
Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296 B) 13296
C) 19296 D) 15296
 
Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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

1 4410
Q:

For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

A) 10 B) 11
C) 12 D) 13
 
Answer & Explanation Answer: B) 11

Explanation:

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

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

0 4408
Q:

Which best summarizes the concept of natural selection?

A) the fittest organisms survive and reproduce B) an organism will always adapt to its environment
C) an organism will always mutate to survive D) a mutation always makes a species fitter
 
Answer & Explanation Answer: A) the fittest organisms survive and reproduce

Explanation:

Natural selection is the differential survival and reproduction of individuals due to differences in phenotype. It is a key mechanism of evolution, the change in the heritable traits characteristic of a population over generations.

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

1 4407
Q:

An amount of $255 was invested at 8.5% p.a. How long will it take, to the nearest year, to earn $86.70 in interest?

A) 2years B) 3years
C) 4years D) 5years
 
Answer & Explanation Answer: C) 4years

Explanation:

T = (100 x I)/ (P x r)

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

0 4406