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Bank PO Questions

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Q:

A five-year promissory note with a face value of $3500, bearing interest at 11%  compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

A) 4336.93 B) 5336
C) 6336 D) 7336
 
Answer & Explanation Answer: A) 4336.93

Explanation:

i=j/m

Maturity value = PV(1 + i)^n

Term = 5 years - 21 months=  3.25 years

Price paid = FV(1+ i )^-n

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

7 8208
Q:

Plane is to locomotive as pilot is to

A) flight B) helicopter
C) engineer D) None of the above
 
Answer & Explanation Answer: C) engineer

Explanation:

Plane and locomotive are synonyms to each other, Similarly, pilot and flight engineer are synonyms to each other. 

 

 

 

Hence, plane is to locomotive as pilot is to engineer.

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

7 8206
Q:

Which media have the ability to have data/information stored (written) on them by users more than once?

A) CD-R disks B) CD-RW disks
C) Zip disks D) Optical disks
 
Answer & Explanation Answer: B) CD-RW disks

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams
Job Role: Bank PO

24 8205
Q:

The price of an article has been reduced by 35%. In order to restore the original price the new price must be increased by ?

A) 51.8 % B) 49.25 %
C) 47.2 % D) 53.84 %
 
Answer & Explanation Answer: D) 53.84 %

Explanation:

100
65
-------
65 ------- 35
100 ------ ? => 53.84 %

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

6 8202
Q:

Minutes Hand Clock Puzzle?

A) 12 B) 24
C) 44 D) 60
 
Answer & Explanation Answer: B) 24

Explanation:

Exactly 24 times.

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

25 8193
Q:

A restaurant offers a new promotion of 20% off the original price of cakes, which is Rs. 12. Before the promotion 250 cakes were sold each day. After the promotion, the sale of cakes increases an average of 18% more per day. How much more or less does the restaurant make each day in cakes sales after the promotion?

A) Rs. 185 less B) Rs. 202 more
C) Rs. 175 more D) Rs. 168 less
 
Answer & Explanation Answer: D) Rs. 168 less

Explanation:

Cost of each cake P1 & P2 = Rs. 12

Offer decrease in % = 20%

Increase in sale per day (Q2) = 250 - 18%

Total quantity per day (Q1) = 250

Hence, required change total revenue

TR = P2Q2 - P1Q1 = (12 x 0.8 x 250 x 1.18) -  (12 x 250) = - Rs.168.

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

15 8175
Q:

K and L starts walking towards each other at 4 pm at speed of 3 km/hr and 4 km/hr respectively. They were initially 17.5 km apart. At what time do they meet ?

A) 6:00 am B) 6:30 pm
C) 5:45 am D) 5:52 pm
 
Answer & Explanation Answer: B) 6:30 pm

Explanation:

Suppose they meet after 'h' hours

Then

3h + 4h = 17.5

7h = 17.5

h = 2.5 hours

So they meet at => 4 + 2.5 = 6:30 pm

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

12 8174
Q:

Planet : Orbit :: Projectile : ?

A) Path B) Milky way
C) Track D) Trajectory
 
Answer & Explanation Answer: D) Trajectory

Explanation:

The path traced by planet is called Orbit. Similarly, the path traced by projectile is called Trajectory.

 

Hence, Planet : Orbit : : Projectile : Trajectory.

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

8 8168