Bank PO Questions


Q:

Two persons K and L enter into a business by investing their sum in the ratio of 7 : 9. After 7 months, L leaves the business. After eleven month, if total profit is Rs. 2460, what is the profit share of L (in Rs)?

A) Rs, 1109 B) Rs. 1107
C) Rs. 1111 D) Rs. 1113
 
Answer & Explanation Answer: B) Rs. 1107

Explanation:

From the given data,

K's profit : L's profit = 7x x 11 : 9x x 7

= 11:9

Therefore, L's profit = 9 x 2460/20 =  Rs. 1107

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

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Q:

The Peacock Throne was a famous jeweled throne that was the seat of the ________ emperors of India.

A) Mughal B) Maurya
C) Gupta D) Maratha
 
Answer & Explanation Answer: A) Mughal

Explanation:

The Peacock Throne was a famous jeweled throne that was the seat of the Mughal emperors of India. It was commissioned in the early 17th century by emperor Shah Jahan and was located in the Red Fort of Delhi.

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

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Q:

The G-7 is a group consisting of  ?

A) the heads of the states of US, UK, France, Germany, Italy, Canada and Japan B) the heads of the states of US, UK, France, Germany, Russia, Italy and Japan
C) the finance ministers of US, UK, France, Germany, Italy, Canada and Japan D) the heads of the states of US, UK, France, Germany, Russia, Canada and Japan
 
Answer & Explanation Answer: C) the finance ministers of US, UK, France, Germany, Italy, Canada and Japan

Explanation:

The finance ministers of US, UK, France, Germany, Italy, Canada and Japan is called as G-7 group. 

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

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Q:

Whale : Mammal :: Rat : ?

A) Rodent B) Mammal
C) Amphibian D) Reptile
 
Answer & Explanation Answer: A) Rodent

Explanation:

Whale belongs to Mammal category whereas Rat belongs to Rodent.

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

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Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

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

1 4133
Q:

Watson bought a book for Rs. 240 and sold to Johny at a profit  of 50%. Johny wants to sell this book to Shekar so that he earns a profit of 25%. But Shekar is adamant at buying this book at a discount of 10%. What marked price should Johny quote to Shekar so as to achieve desired profit ?

A) Rs. 450 B) Rs. 360
C) Rs. 415 D) Rs. 500
 
Answer & Explanation Answer: D) Rs. 500

Explanation:

Watson bought the book for Rs. 240 and sold to Johny at a profit of 50%.

S.P = C.P(1 + P%/100)

=> S.P for Watson = C.P for Johny = 240(1 + 50/100) = 240 x 1.5 = Rs. 360

Let Johny quoted the marked price of the book as Rs. M

We know, SP = M.P(1 - Discount(%)/100)

Here discount = 10% to Shekar,

S.P for Johny = M(1 - 10/100) = 0.9M

But Johny want to earn 25% profit,

=> S.P = C.P(1 + P%/100)

=> 0.9M = 360(1 + 25/100)

=> M = (360x1.25)/0.9

=> M = Rs. 500

Therefore, Johny should quote Rs. 500 as the marked price of the book to get 25% profit and allowing 10% discount to Shekar.

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

7 4131
Q:

Jaclyn buys $50 000 worth of debentures in a company. She earns 9.5% p.a. simple interest, paid to her quarterly (that is, every 3 months). If the agreed period of the debenture was 18 months: calculate the amount of interest Jaclyn will earn for each quarter

A) 1187.50 B) 1234
C) 1289 D) 1345
 
Answer & Explanation Answer: A) 1187.50

Explanation:

I=(p x r x t)/100

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

0 4130
Q:

What is another name for the governor of a state?

A) Chief Executive B) Attorney General
C) Secretary of the State D) Vice Pesident
 
Answer & Explanation Answer: A) Chief Executive

Explanation:

Another name for the governor of the state is Chief Executive of the state.

And we also know that, The attorney general is the head of the US Department of Justice, The vice president is just under the president of the US and The secretary of state is the head of the US Department of State.

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