Bank PO Questions


Q:

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A) 1389 B) 1359
C) 1379 D) 1339.33
 
Answer & Explanation Answer: D) 1339.33

Explanation:

Given:j=7% compounded semiannually making m=2 and i = j/m= 7%/2 = 3.5%
Let x represent the third payment. Then the second payment must be 2x.
PV1,PV2, andPV3 represent the present values of the first, second, and third payments.

Since the sum of the present values of all payments equals the original loan, then
PV1 + PV2  +PV3  =$4000 -------(1)

PV1   =FV/(1 + i)^n  =$1000/(1.035)^4=  $871.44

At first, we may be stumped as to how to proceed for
PV2 and PV3. Let’s think about the third payment of x dollars. We can compute the present value of just $1 from the x dollars

pv=1/(1.035)^10=0.7089188

PV2   =2x * 0.7089188 = 1.6270013x
PV3   =x * 0.7089188=0.7089188x
Now substitute these values into equation ➀ and solve for x.
$871.442 + 1.6270013x + 0.7089188x  =$4000

2.3359201x  =$3128.558

x=$1339.326
Kramer’s second payment will be 2($1339.326)  =$2678.65, and the third payment will be $1339.33

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

0 4841
Q:

Tilak rides on a cycle to a place at speed of 22 kmph and comes back at a speed of 20 kmph. If the time taken by him in the second case is 36 min. more than that of the first case, what is the total distance travelled by him (in km)?

A) 132 km B) 264 km
C) 134 km D) 236 km
 
Answer & Explanation Answer: B) 264 km

Explanation:

Let the distance travelled by Tilak in first case or second case = d kms

Now, from the given data,

d/20 = d/22 + 36 min

=> d/20 = d/22 + 3/5 hrs

=> d = 132 km.

 

Hence, the total distance travelled by him = d + d = 132 + 132 = 264 kms.

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5 4840
Q:

Can character data be stored in computer memory? 

A) Yes---a primitive data type is used to store characters B) No---computer memory can only store patterns
C) Yes---characters are stored in special memory D) No---computers can only store numbers
 
Answer & Explanation Answer: A) Yes---a primitive data type is used to store characters

Explanation:
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7 4839
Q:

Physiology :Biology :: Metaphysics : ?

A) Physics B) Statistics
C) Mathematics D) Philosophy
 
Answer & Explanation Answer: D) Philosophy

Explanation:

Physiology is a branch of biology. Similarly, mathematics is a branch of philosophy.

 

Hence, Physiology : Biology :: Metaphysics : Philosophy.

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

5 4838
Q:

What percent is 120 of 85 ?

A) 133.33 % B) 141.17 %
C) 145.54 % D) 139.29 %
 
Answer & Explanation Answer: B) 141.17 %

Explanation:

Px85100=120

 

=> p = 12000/85 = 141.17 %

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Filed Under: Percentage
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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2 4837
Q:

Which reaction occurs spontaneously?

A) Cl2(g) + 2NaF(aq)--> F2(g) + 2NaCl(aq) B) I2(s) + 2NaF(aq)--> F2(g) + 2NaI(aq)
C) Cl2(g) + 2NaBr(aq)-->Br2(l) + 2NaCl(aq) D) I2(s) + 2NaBr(aq)--> Br2(l) + 2NaI(aq)
 
Answer & Explanation Answer: C) Cl2(g) + 2NaBr(aq)-->Br2(l) + 2NaCl(aq)

Explanation:

In this chemical reaction chlorine change oxidation number from 0 to -1 (reduction) and bromine change oxidation number from -1 to 0 (oxidation).

Chlorine is stronger oxidation reagent than bromine.

In VIIA or group 17 (halogen elements) there are six elements: fluorine (F), chlorine (Cl), bromine (Br), iodine (I), astatine (At) and tennessin(Ts).

They have high electronegativity because they have seven valence electrons in their outermost energy level, so they can gain an electron to have the octet rule.  

Going down in the group, element are weaker oxidazing reagent and less reactive.

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Filed Under: Chemistry
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2 4834
Q:

Looking at a portrait of a man, Akhil said, "His mother is the wife of my father's son. Brothers and sisters I have none." At whose portrait was Akhil looking ?

A) His uncle B) His nephew
C) His cousin D) His son
 
Answer & Explanation Answer: D) His son

Explanation:

Since Akhil has no brother or sister, so he is his father's only son.
So wife of Akhil's father's son---Akhil's wife.
Thus, Akhil's wife is the man's mother or the man is Akhil's son.

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Filed Under: Blood Relations
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8 4834
Q:

A box contains 5 green, 4 yellow and 5 white pearls. Four pearls are drawn at random. What is the probability that they are not of the same colour ?

A)  11/91

B)  4/11

C)  1/11

D) 90/91

A) Option A B) Option B
C) Option C D) Option D
 
Answer & Explanation Answer: D) Option D

Explanation:

Let S be the sample space. Then,
n(s) = number of ways of drawing 4 pearls out of 14


= C414 ways = 14×13×12×114×3×2×1= 1001


Let E be the event of drawing 4 pearls of the same colour.
Then, E = event of drawing (4 pearls out of 5) or (4 pearls out of 4) or (4 pearls out of 5)

  C15+ C44+ C15 = 5+1+5 =11

 P(E) = n(E)n(S)=111001=191  

 

 Required probability = 1-191=9091

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

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