Bank PO Questions


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
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Job Role: Bank PO

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Q:

Which of the fallowing is not a leap year?

A) 2000 B) 2008
C) 2009 D) 2012
 
Answer & Explanation Answer: C) 2009

Explanation:

Leap year means the year that can be divisible by 4. From the above options 2009 is not divisible by 4. So it is not a leap year.

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Q:

Grey Revolution is associated with

A) Cotton B) Fruits
C) Fertilizers D) Oil seeds
 
Answer & Explanation Answer: C) Fertilizers

Explanation:

Grey Revolution is associated with Fertilizers.

 

      • Cotton - Silver fiber Revolution

 

      • Fruits - Golden Revolution

 

      • Oil seeds - Yellow Revolution
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Filed Under: Indian History
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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Q:

What is the new name of Abyssinia?

A) Namibia B) Zimbabwe
C) Thailand D) Ethiopia
 
Answer & Explanation Answer: D) Ethiopia

Explanation:

Ethiopia is the new name of a country which is historically called as Abyssinia.

 

New name     -      Old name

Namibia        -      South West Africa

Zimbabwe     -      Southern Rhodesia

Thailand        -      Siam.

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Filed Under: Country Capitals
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9 5222
Q:

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A) Rs.1251 B) Rs.1261
C) Rs.1271 D) Rs,1281
 
Answer & Explanation Answer: B) Rs.1261

Explanation:

Clearly, Rate = 5% p.a .,

Time = 3 years

S.I =Rs.1200.

So,Principal

=Rs.(100 x 1200/3x5)

=Rs.8000.

 

Amount

=Rs.[8000 x (1+5/100)³]

=Rs(8000x21/20x21/20x21/20)

= Rs.9261

 

C.I

=Rs.(9261-8000)

=Rs.1261.

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

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Q:

How can investors receive compounding returns?

A) By investing their earnings back into their original investment B) By diversifying their investment portfolio
C) By selecting a savings account that has a higher interest rate D) By transferring their earnings back into high-risk investment
 
Answer & Explanation Answer: A) By investing their earnings back into their original investment

Explanation:
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Filed Under: Bank Interview
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0 5214
Q:

40% of 80?

A) 36 B) 32
C) 42 D) 44
 
Answer & Explanation Answer: B) 32

Explanation:

Here 40% of 80 is given as

40100 x 80 = 8 x 4 = 32

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Filed Under: Percentage
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Q:

The shadow zone exists because

Answer

The shadow zone is the area of the earth from angular distances of 104 to 140 degrees from a given earthquake that does not receive any direct P waves. The shadow zone results from S waves being stopped entirely by the liquid core and P waves being bent (refracted) by the liquid core.


There are two types of Shadow zones:


one for P waves and


one for S waves.


shadow-zones1532150666.jpg image


 


P wave shadows between 104-140 degree, both sides; S wave shadow from 105 of one side to 105 of the other.

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Subject: General Science Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

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