Bank Clerk Questions


Q:

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A) Rs. 2000 B) Rs. 2100
C) Rs. 1900 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:

Given,
Compound rate, R = 10% per annum
Time = 2 years
C.I = Rs. 420
Let P be the required principal.
A = (P+C.I)
Amount, A = P1 + r100n

(P+C.I) = P1 + 101002

(P+420) = P[11/10][11/10]

P-1.21P = -420

0.21P = 420

Hence, P = 420/0.21 = Rs. 2000

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Filed Under: Compound Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

7 9668
Q:

In how many years, Rs. 200 will produce the same interest @ 5 % as Rs. 900 produce in 2 years @ 3 ½ %  ?

A) 5.2 yrs B) 7 yrs
C) 7.9 yrs D) 6.3 yrs
 
Answer & Explanation Answer: D) 6.3 yrs

Explanation:

P = Rs. 900, R = 3 ½ % = 7/2 %, T = 2 years. 

Therefore, 

S.I. = PTR/100

S.I. = Rs. (900 x 7/2 x 2/100) = Rs. 63

Now, P = Rs. 200, S.I. = Rs. 63, R = 5 %

Time = ((100 x 63) / (200 x 5) ) years = 6.3 years.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO , IT Trainer

6 9666
Q:

Which is not true of the Intertropical Convergence Zone?

A) It features heavy precipitation B) It's where the trade winds collide
C) It's a high-pressure zone with sinking air D) It is also known as the doldrums
 
Answer & Explanation Answer: C) It's a high-pressure zone with sinking air

Explanation:

The Inter-tropical convergence zone rather has rising air, with common thunderstorms and attendant precipitation and is known by seamen as the doldrums.

Inter-tropical convergence zone is where the trade winds collide.

 

Hence, it is not a high pressure zone with sinking air.

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

5 9646
Q:

Who said 'Supply creates its own demand' ?

A) Marshall B) Ricardo
C) Adam Smith D) J. B. Say
 
Answer & Explanation Answer: D) J. B. Say

Explanation:
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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk

15 9646
Q:

A Shepherd had n goats in the year 2000. In 2001 the no.of goats increased by 40% . In 2002 the no. of goats declined to 70%. In 2003 the no. of  goats grew by 30%. In 2004, he sold 10% goats, then he had only 34,398 goats. The percentage increase of the no.of goats in this duration was:

A) 14.66% B) 16.66%
C) 20% D) 33.33%
 
Answer & Explanation Answer: A) 14.66%

Explanation:

There is no need to use the no of goats i.e (34,398). let initially thete be 1000 goats then 

 

  1000 -----> 1400 -----> 980 -----> 1274 ----->1146.6

 

Thus the % increase = (1146.6-1000)/100 x 100= 14.66%

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

7 9645
Q:

Chylomicrons are synthesized within the

A) Intestinal cells B) Liver
C) Storage compartment of plant seeds D) Lymphatic system
 
Answer & Explanation Answer: D) Lymphatic system

Explanation:

Lipoproteins are particles that contain triacylglycerol (TAG), cholesterol, phospholipids and amphipathic proteins called apolipoproteins.

 

The four major types of lipoproteins are

1. chylomicrons,

2. very low-density lipoprotein (VLDL),

3. low-density lipoprotein (LDL), and

4. high-density lipoprotein (HDL).

 

Chylomicrons are formed in the endoplasmic reticulum in the absorptive cells (enterocytes) of the small intestine.

 

The function of these lipoproteins is to deliver energy-rich triacylglycerol (TAG) to cells in the body (pink pathway). TAG is stripped from chylomicrons and VLDL through the action of lipoprotein lipase, an enzyme that is found on the surface of endothelial cells. This enzyme digests the TAG to fatty acids and monoglycerides, which can then diffuse into the cell to be oxidized, or in the case of an adipose cell, to be re-synthesized into TAG and stored in the cell.

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

12 9631
Q:

The headquarters of the coffee board of India is

A) Bangalore B) Mysore
C) Chennai D) Hyderabad
 
Answer & Explanation Answer: A) Bangalore

Explanation:

The Coffee Board of India is an organisation managed by the Ministry of Commerce and Industry of the government of India to promote coffee production in India. The headquarters of the coffee board of India is located in Bangalore, Karnataka.

 

The Coffee Board of India was established by an act of Parliament in 1942.

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

7 9613
Q:

What is better, to have 70% discount or 40 and 30% discount consequently ?

A) 40% is better B) 70% is better
C) Both are same D) None
 
Answer & Explanation Answer: B) 70% is better

Explanation:

Let Price be Rs.100

1st CASE:

Then 100 x 70/100 = 70
=> price after discount = 100-70 = Rs.30

2nd CASE:

Then 100 x 40/100 = 40
=> price after discount = 100-40 = Rs.60
then
60 x 30/100 = 18
=> price after 2 consequent discount = 60-18 = Rs.42

=>from 1 and 2 cases, 70% discount is better.

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

10 9604