Bank Exams Questions

Q:

Bob Kashir deposited $6000 in a 4-year certificate of deposite paying 5% compounded daily.He withdrew the money 15 months later.The passbook rate at his bank is 3.5 % compounded daily.Find his amount of interest

A) 5678 B) 4563
C) 4329 D) 6210.73
 
Answer & Explanation Answer: D) 6210.73

Explanation:

Bob receives 15-3 = 12 months of 3.5 % interest compounded daily

 

 

 

M=P(1+i/365)^365n

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Q:

What is the middle name of Sourav Ganguly?

A) Chandidas B) Karamdas
C) Karamchand D) Mohandas
 
Answer & Explanation Answer: A) Chandidas

Explanation:

Sourav Chandidas Ganguly was a former Indian Cricket team captain mostly called as DADA.

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Filed Under: Sports
Exam Prep: AIEEE , Bank Exams , CAT
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Q:

A kiddy bank of a child contains all Rs. 1, 50 paise and 25 paise coins. What is the total amount in the bank ?
(1) Total number of coins are 20
(2) The number of 50 paise and 25 paise coins are in the ratio of 7:3.

A) only 1 is needed B) only 1 is needed
C) Both and 2 are needed D) None
 
Answer & Explanation Answer: C) Both and 2 are needed

Explanation:

Given that 50 paise and 25 paise coins are in the ratio of 7:3, they can be either 7 & 3 or 14 & 6.
As total 20 coins also includes Rs. 1 coins, so 50 paise & 25 paise coins are 7 & 3 respectively & Rs. 1 coins are 10.
Total amount = (100x10) + (50x7) + (25x3)=1425 paise or Rs.14.25.

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams , CAT
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Q:

What frequency range is the high frequency band?

A) 3 kHz B) 3 to 30 MHz
C) 30 to 300 MHz D) 10 GHz
 
Answer & Explanation Answer: B) 3 to 30 MHz

Explanation:

The HF band is based on frequencies 3 to 30 Mhz. AM radio stations are in the HF band but normally are stated in kilohertz.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

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Q:

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A) 5years B) 6years
C) 7years D) 8years
 
Answer & Explanation Answer: A) 5years

Explanation:

I=prt

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

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Q:

India changed over to the decimal system of coinage in

A) 1947 April B) 1957 April
C) 1956 April D) 1949 April
 
Answer & Explanation Answer: B) 1957 April

Explanation:

India switched from the rupee, pie system to decimal currency on 1 April 1957. The decimalisation of currencies is the process of converting each country's currency from its previous non-decimal denominations to a decimal system, with one basic unit of currency and one or more sub-units, such that the number of sub-units in one basic unit is a power of 10, most commonly 100).


In India, Pakistan, and other places where a system of 1 rupee = 16 annas = 64 paise = 192 pies was used, the decimalisation process defines 1 naya paisa = ​1⁄100 rupee.

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Filed Under: Indian History
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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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Filed Under: Compound Interest
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Q:

What least number must be substracted from 627349 so that the remaining number is divisible by 15 ?

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

Explanation:

On dividing 627349 by 15, we get remainder = 4.
Therefore, the obtained remainder is the least number to be subtracted from the given number so that the the mnumber is divisible by 15.
Here 4 is the least number to be subtracted from 627349 so that it is divisible by 15.

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Filed Under: Numbers
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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