Bank Exams Questions

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
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Q:

Which small finance Bank is included in the second schedule of the Reserve Bank of India Act, 1934 ?

A) Janalakshmi B) Utkarsh
C) Suryoday D) None
 
Answer & Explanation Answer: C) Suryoday

Explanation:
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Filed Under: Bank Interview
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Q:

Which state has the highest number of 55770 fully covered tribal habitations with the safe drinking water in the country followed by Odisha and Jharkhand?

A) Tamilnadu B) Kerala
C) Manipur D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

Explanation:

Madhya Pradesh has the highest number of 55770 fully covered tribal habitations with the safe drinking water in the country followed by Odisha and Jharkhand.

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Filed Under: Indian Geography
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Q:

Which word in the dictionary is spelled incorrectly?

Answer

Incorrectly is the only word which is spelled incorrectly in the dictionary.

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Subject: Alphabet Test Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
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Q:

Complete the Figure X from the given alternatives 1, 2, 3 and 4.

 

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

Explanation:
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Filed Under: Pattern Completion
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Q:

Solve this logical Math puzzle?

Solve_this_math_puzzles1542974183.jpg image

A) 1 B) 0
C) 10 D) 5
 
Answer & Explanation Answer: A) 1

Explanation:

From the given data,

11+ 11 = 4 => 1 + 1  +  1 + 1 = 4

12 + 12 = 6 => 1 + 2  + 1 + 2 = 6

13 + 1 3 = 8 => 1 + 3  + 1 + 3 = 8


Similarly,

14 + 14 = 10 => 1 + 4  +  1 + 4  = 5 + 5 = 10

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Filed Under: Math Puzzles
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Q:

What type of bond is joining the two hydrogen atoms?

A) Hydrophobic B) Ionic
C) Covalent D) Hydrophilic
 
Answer & Explanation Answer: C) Covalent

Explanation:

Covalent type of bonding joins The two hydrogen atoms are joned by Covalent type of bonding.

In this type of bonding, electrons are shared between the atoms in order to fill there valence shells. Thus sharing of electrons take place in between the hydrogen atoms.

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Filed Under: Chemistry
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Q:

Number Challenge

Diamond_number1498884346.jpg image

A) 9 B) 11
C) 13 D) 15
 
Answer & Explanation Answer: B) 11

Explanation:

Half the Product of Number in the upper & lower box gives the number in the middle box.

i.e. 18 x 4/2 = 36

15 x 6/2 = 45

In the same way 

8 x N/2 = 44 => N = 11.

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