Bank Exams Questions

Q:

From a group of 7 boys and 6 girls, five persons are to be selected to form a team, so that at least 3 girls are there in the team. In how many ways can it be done?

A) 427 B) 531
C) 651 D) 714
 
Answer & Explanation Answer: B) 531

Explanation:

Given in the question that, there are 7 boys and 6 girls. 

Team members = 5

Now, required number of ways in which a team of 5 having atleast 3 girls in the team = 

6C3  x 7C2  + 6C4 x 7C1 + 6C5= 6x5x43x2x1 x 7x62x1 + 6x5x4x34x3x2x1 x 7 + 6x5x4x3x25x4x3x2x1= 420 + 105 + 6= 531.

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Q:

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.

A) 59 B) 46
C) 48.75 D) 34.75
 
Answer & Explanation Answer: C) 48.75

Explanation:

I= PTR100

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

3 4289
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

2 4288
Q:

If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?

A) 8695.61 B) 6786
C) 3478 D) 4092
 
Answer & Explanation Answer: A) 8695.61

Explanation:

i=j/m

PV = FV (1+  i)^-n 

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

0 4286
Q:

Entrepreneurship as a theory of business was propounded by

A) Thomas A. Coleman B) Joseph A. Schumpeter
C) Adam Smith D) Douglas McGregor
 
Answer & Explanation Answer: B) Joseph A. Schumpeter

Explanation:

Entrepreneurship as a theory of business was propounded by Joseph. A. Schumpeter.

 

Schumpeter’s Innovation Theory of Profit :


Definition:  The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations.

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

6 4285
Q:

Which helps prevent errors in DNA replication?

A) Complementary base pairing reduce errors B) DNA ligase checks the DNA for errors
C) DNA is located in the ribosomes D) Any base can pair with any other base
 
Answer & Explanation Answer: A) Complementary base pairing reduce errors

Explanation:

DNA replication is the biological process of producing two identical replicas of DNA from one original DNA molecule. DNA replication occurs in all living organisms acting as the basis for biological inheritance. Complementary base pairing helps prevent errors in DNA replication.

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

3 4285
Q:

Pointing towards Sweety, Sripad said, " I am the only son of her mother's son." How is Sweety related to Sripad ?  

A) Niece B) Aunt
C) Mother D) Cousin
 
Answer & Explanation Answer: B) Aunt

Explanation:

Sweety's mother's son---Sweety's brother.
So, Sripad is the son of Sweety's brother or Sweety is Sripad's Aunt.

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Filed Under: Blood Relations
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

7 4280
Q:

India's first cartoon network theme park "Amaazia" will come up in which city?

A) Hyderabad B) Bangaluru
C) Jaipur D) Surat
 
Answer & Explanation Answer: D) Surat

Explanation:

Broadcaster Turner International India and Gujarat-based Rajgreen Group have entered into a brand partnership to set up India’s first Cartoon Network branded amusement park "Amaazia" in Surat, Gujarat.

The park is expected to be operational by the first quarter of 2019 on a budget of Rs. 450 crore. It will spread across an area of 61,000 sq m and will have family entertainment destination with 33 theme-based attractions as well as 20 unique water-slides. It will be divided into four major sections – a theme park branded by Cartoon Network, a water park, a family recreational hub and a service apartment and retail shopping area. The park has been conceptualised and designed by the Sanderson Group, Australia.

For Turner, this is the third such arrangement globally. It has a similar model in IMG Dubai and CN Amazone Water Park, in Thailand.

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Filed Under: Famous Places
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: IT Trainer , Bank PO , Bank Clerk , Analyst

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