Bank Exams Questions

Q:

Consider the given argument and decide which of the given assumptions is/are implicit.

 

Argument :

 

Warning : Consumption of alcohol is injurious to health.

 

Assumptions :

 

1. This warning is not required.

2. Non-alcoholic people are healthy.

 

A) Neither 1 nor 2 is implicit B) Only assumption 1 is implicit
C) Only assumption 2 is implicit D) Both 1 and 2 are implicit
 
Answer & Explanation Answer: A) Neither 1 nor 2 is implicit

Explanation:
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Filed Under: Statement and Assumptions
Exam Prep: Bank Exams

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Q:

Consider the given argument and decide which of the given assumptions is (are) implicit.

 

Argument :

 

The year 2020 is a leap year.

 

Assumptions :

 

1. February will have 29 days in 2020.

2. The year 2017 is not a leap year.

 

A) Both 1 and 2 are implicit B) Only assumption 2 is implicit
C) Neither 1 nor 2 is implicit D) Only assumption 1 is implicit
 
Answer & Explanation Answer: A) Both 1 and 2 are implicit

Explanation:
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Q:

A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually. Find

(a) the present value to fund the end-of-period retirement benefit.

(b) the end-of-period semi-annual payment needed to accumulate  the value in part (a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually

A) 245678 B) 234689
C) 281468.06 D) 234578
 
Answer & Explanation Answer: C) 281468.06

Explanation:

 

 

 

 

 

 

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

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Filed Under: Compound Interest
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Q:

Who is the new Chairman of ISRO in 2018?

A) K. Sivan B) S. Manish Arya
C) A.S. Kiran Kumar D) Bibeth Roy
 
Answer & Explanation Answer: A) K. Sivan

Explanation:

Rocket specialist K. Sivan has been appointed as new Chairman of India's space agency ISRO for a three-year term. He replaces current ISRO Chairman A.S. Kiran Kumar, whose term ends January 14, 2018.

 

  • He is currently Director of Vikram Sarabhai Space Centre in Trivandrum.

 

  • His expertise gave ISRO ability to send 104 satellites in a single mission.
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Filed Under: General Awareness
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Q:

The perimeter of a rectangle whose length is 6 m more than its breadth is 84 m. What will be the area of the rectangle?

A) 333 sq.mts B) 330 sq.mts
C) 362 sq.mts D) 432 sq.mts
 
Answer & Explanation Answer: D) 432 sq.mts

Explanation:

Let the breadth of the rectangle = b mts

Then Length of the rectangle = b + 6 mts

Given perimeter = 84 mts

2(L + B) = 84 mts

2(b+6 + b) = 84

2(2b + 6) = 84

4b + 12 = 84

4b = 84 - 12

4b = 72

b = 18 mts

=> Length = b + 6 = 18 + 6 = 24 mts

 

Now, required Area of the rectangle = L x B = 24 x 18 = 432 sq. mts

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Filed Under: Area
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Q:

Three positions of a cube are shown below. What will come opposite to face containing '5'?

A) 1 B) 3
C) 4 D) 5
 
Answer & Explanation Answer: A) 1

Explanation:
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Filed Under: Cubes and Dice
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Q:

Which year did India hosted and participated in Asian games for the first time ?

A) 1930 B) 1933
C) 1948 D) 1951
 
Answer & Explanation Answer: D) 1951

Explanation:
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Filed Under: Sports
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Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695
 
Answer & Explanation Answer: A) 8695

Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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Filed Under: Compound Interest
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