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:

What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?

a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.

b. Q joined four months after the start of business.

c. Q's amount was 80% of P's amount during the last six months.

A) Only a B) Only c
C) Both a & b D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

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Filed Under: Partnership
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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Q:

The CPU consists of which two parts?

A) ALU B) Control unit
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

The Central Processing Unit, consists of Arithmetic and logic unit and Control unit.

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Filed Under: Computer
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8 4437
Q:

Study of the sun is called

A) Coronagraphy B) Seismography
C) Helioseismology D) Heliography
 
Answer & Explanation Answer: C) Helioseismology

Explanation:

Helioseismology is the study of the solar interior using observations of waves on the Sun's surface. It has done much to improve our understanding of the interior of the Sun, testing the physical inputs used to model stellar interiors and providing a detailed map of the Sun's structure and internal rotation.

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Filed Under: General Science
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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4 4437
Q:

Electrical burns occur principally because of

A) Radiation pulses of the electricity B) The heat generated by the flow of electrical current through the body
C) The high energy of electrons D) All of the above
 
Answer & Explanation Answer: B) The heat generated by the flow of electrical current through the body

Explanation:

Electrical burns occur principally because of the heat generated by the flow of electrical current through the body.

 

Burns caused by electricity are divided into three types:

electrical burns,

arc burns, and

thermal contact burns.

 

Electrical burns can result when a person touches electrical wiring or equipment that is used or maintained improperly.

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Filed Under: Physics
Exam Prep: AIEEE , Bank Exams
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Q:

How much money did the owner lose?

logical_math_puzzle1539151721.jpg image

A) Rs. 40 B) Rs. 200
C) Rs. 60 D) Rs. 100
 
Answer & Explanation Answer: D) Rs. 100

Explanation:

The owner first lost Rs. 100 in cash, but after the thief bought Rs. 60 goods, he get back that Rs. 100 but he lost Rs. 60 value of goods and Rs. 40 in change.

 

So, a total of 60 + 40 = Rs. 100 the owner lose.

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Filed Under: Math Puzzles
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Q:

A person who is always dissatisfied

A) malcontent B) surrogate
C) heresy D) felon
 
Answer & Explanation Answer: A) malcontent

Explanation:

The one word substitute for "a person who is always dissatisfied" is malcontent.

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

1 4432
Q:

The total cost of a washing machine with a toaster was Rs 10500. The toaster was sold at a profit of 22% and the washing machine at a loss of 12%. If the sale price was the same in both the items, then the cost price of the cheaper item was ______.

A) Rs 4100 B) Rs 3250
C) Rs 7100 D) Rs 4400
 
Answer & Explanation Answer: D) Rs 4400

Explanation:
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Filed Under: Profit and Loss
Exam Prep: Bank Exams

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