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Bank PO Questions

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Q:

If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?

A) 2.3 B) 3.3
C) 4.3 D) 6.3
 
Answer & Explanation Answer: D) 6.3

Explanation:

 

 

FV=P(1+r/n)^nt

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

6 8459
Q:

Arun and Varun started business in partnership investing Rs. 20,000 and Rs. 15,000 respectively. After six months, Akhil joined them with Rs. 20,000. What will be Varun's share in the total profit of Rs. 25,000 earned at the end of 2 years from the starting of the business ?

A) Rs. 7500 B) Rs. 4520
C) Rs. 8750 D) Rs. 6350
 
Answer & Explanation Answer: A) Rs. 7500

Explanation:

Arun : Varun : Akhil = (20000 x 24) : (15000 x 24) : (20000 x 18) = 4:3:3

B's share = 25000 x 3/10 = Rs. 7500.

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

5 8451
Q:

Which of the following is not a compound?

A) Brass B) Quick lime
C) Marble D) Soda ash
 
Answer & Explanation Answer: A) Brass

Explanation:

Among the given options Brass is not a compound. Since it is an alloy, it is a mixture. It is a mixture of copper and zinc.

Which_of_the_following_is_not_a_compound1558074260.jpg image

 

 

 

The smallest part of a compound is called a molecule. It has a unique composition that is always the same.

 

Compound is a substance that consists of two or more elements. 

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

12 8450
Q:

Bold, Italic, Regular are known as

A) Text Effects B) Font Styles
C) Font Effects D) Word Art
 
Answer & Explanation Answer: B) Font Styles

Explanation:

Bold, Italic, Regular are known as Font Styles.

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

10 8439
Q:

An item is sold at a loss of 10%. Had it sold for Rs. 9 more, a profit of 25/2% would have gained. What is the cost price of the item?

A) Rs. 90 B) Rs. 75
C) Rs. 55 D) Rs. 40
 
Answer & Explanation Answer: D) Rs. 40

Explanation:

Let the cost price of the item = Rs. 50

Sold at 10% loss => for Rs. 50 loss  S.P = Rs. 45

From the  given data,

25/2 % gain if it is sold at Rs. 9 more

56.25 - 45 = 9

=> 11.25 = 9

=> 22.5 = 18

=> 45 = 36

=> 50 = ?

=> C.P = 50 x 3645 = 40

 

Hence, the Cost price of the item = Rs. 40.

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Filed Under: Profit and Loss
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

15 8436
Q:

There are 11 True or False questions. How many ways can these be answered ?

A) 11!/2 B) 1024
C) 11! D) 2048
 
Answer & Explanation Answer: D) 2048

Explanation:

Given 11 questions of type True or False

 

Then, Each of these questions can be answered in 2 ways (True or false)

 

Therefore, no. of ways of answering 11 questions = 211 = 2048 ways.

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Filed Under: Permutations and Combinations
Exam Prep: GATE , CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

9 8434
Q:

If 35% of a number is 24 less than 50% of that number, then the number is ?

A) 80 B) 160
C) 100 D) 120
 
Answer & Explanation Answer: B) 160

Explanation:

Let the number be n. Then,

50% of n - 35% of n = 24

50/100 n - 35/100 n = 24

n = (24 x 100)/15 = 160.

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

8 8420
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 8417