Bank PO Questions


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
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6 6814
Q:

A boat while travelling upstream covers a distance of 29 km at the speed of 6 km/h, whereas while travelling downstream it covers the same distance at a speed of 12 km/h. What is the speed of the boat in still water?

A) 6 kmph B) 8 kmph
C) 9 kmph D) 11 kmph
 
Answer & Explanation Answer: C) 9 kmph

Explanation:

Speed of boat in still water = 1/2 (12 + 6) = 9 kmph.

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Filed Under: Boats and Streams
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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10 6812
Q:

20 men went to a restaurant. Ninteen of them paid Rs.70 each and the twentieth man paid Rs.90.25 more than the average of all the 20 men. What is the total bill ?

A) Rs. 1495 B) Rs. 548
C) Rs. 850 D) Rs. 1750
 
Answer & Explanation Answer: A) Rs. 1495

Explanation:

Let the average bill paid by twenty members = 'x'

But 19 men paid each = Rs. 70

20th man paid Rs. 90.25 more than the avg bill of 20 = x + 90.25

20x = 19(70) + x + 90.25
19x = 1330 + 90.25
19x = 1420.25
x = 1420.25/19 = Rs. 74.75

But the total bill = 20 x 74.75 = Rs. 1495.

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

10 6806
Q:

Merdeka cup is associated with

A) Badminton B) Tennis
C) Football D) Hockey
 
Answer & Explanation Answer: C) Football

Explanation:

Merdeka cup is associated with Football in Indonesia.

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

5 6804
Q:

A person starting with 64 rupees and making 6 bets, wins three times and loses three times, the wins and loses occurring in random order. The chance for a win is equal to the chance for a loss. If each wager is for half the money remaining at the time of the bet, then the final result is:

A) A gain of Rs. 27 B) A loss of Rs. 37
C) A loss of Rs. 27 D) A gain of Rs. 37
 
Answer & Explanation Answer: B) A loss of Rs. 37

Explanation:

As the win leads to multiplying the amount by 1.5 and loss leads to multiplying the amount by 0.5, we will multiply the initial amount by 1.5 thrice and by 0.5 thrice (in any order).

The overall resultant will remain same.

So final amount with the person will be (in all cases):

64(1.5)(1.5)(1.5)(0.5)(0.5)(0.5)= Rs. 27

Hence the final result is: 

64 − 27 37

A loss of Rs.37

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Filed Under: Probability
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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22 6804
Q:

An individual deposited 20% of 25% of 30% of what he had into his account with a bank. If he deposited Rs.750, how much was he having initially with him before depositing ?

A) Rs. 38000 B) Rs. 47000
C) Rs. 50000 D) Rs. 35000
 
Answer & Explanation Answer: C) Rs. 50000

Explanation:

Let 'x' be the amount he had in the bank.

=> 20/100(25/100(30/100(x))) = 750

x = 750 x 8000/120 = Rs. 50000

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Filed Under: Percentage
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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5 6799
Q:

An amount of money was lent for 3 years. What will be the difference between the simple  and the compound interest earned on it at the same rate?
I. The rate of interest was 8 p.c.p.a.
II. The total amount of simple interest was Rs. 1200

A) I alone sufficient while II alone not sufficient to answer B) alone sufficient while I alone not sufficient to answer
C) Both I and II are not sufficient to answer D) Both I and II are necessary to answer
 
Answer & Explanation Answer: D) Both I and II are necessary to answer

Explanation:

Given: T = 3 years.
I. gives: R = 8% p.a.
II. gives: S.I. = Rs. 1200.
Thus, P = Rs. 5000, R = 8% p.a. and T = 3 years.
Difference between C.I. and S.I. may be obtained.
So, the correct answer is (D).

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

0 6795
Q:

Who is the father of email ?

A) Charles Babbage B) Ray Tomlinson
C) Tim Berners Lee D) Paul Buchheit
 
Answer & Explanation Answer: B) Ray Tomlinson

Explanation:

Email inventor Ray Tomlinson dies at 74. Ray Tomlinson, who sent the first e-mail, has died.

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

18 6794