Bank PO Questions


Q:

How many four digits numbers greater than 6000 can be made using the digits 0, 4, 2, 6 together with repetition.

A) 64 B) 63
C) 62 D) 60
 
Answer & Explanation Answer: B) 63

Explanation:

Given digits are 0, 4, 2, 6

Required 4 digit number should be greater than 6000.

So, first digit must be 6 only and the remaining three places can be filled by one of all the four digits.

This can be done by

1x4x4x4 = 64

Greater than 6000 means 6000 should not be there.

Hence, 64 - 1 = 63.

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Filed Under: Permutations and Combinations
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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18 4955
Q:

In which of the following state Bandipur National Park is located?

A) Karnataka B) Andhra Pradesh
C) Himachal Pradesh D) Madhya Pradesh
 
Answer & Explanation Answer: A) Karnataka

Explanation:

Bandipur National Park is located in the state of Karnataka.

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Filed Under: Indian Geography
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank PO , Database Administration , IT Trainer

7 4955
Q:

Which of the following best describes Accounting?

A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business B) is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
C) records economic data but does not communicate the data to users according to any specific rules D) is of no use by individuals outside of the business
 
Answer & Explanation Answer: A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business

Explanation:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. 

Which_of_the_following_best_describes_Accounting1537425183.gif image

Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. 

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

0 4951
Q:

What is the difference between the compound interests on Rs. 5000 for 11⁄2 years at 4% per annum compounded yearly and half-yearly?

A) Rs. 1.80 B) Rs. 2.04
C) Rs. 3.18 D) Rs. 4.15
 
Answer & Explanation Answer: B) Rs. 2.04

Explanation:

Compound Interest for 1 12 years when interest is compounded yearly = Rs.(5304 - 5000)


Amount after 112 years when interest is compounded half-yearly 


Compound Interest for 1 12 years when interest is compounded half-yearly = Rs.(5306.04 - 5000)


Difference in the compound interests = (5306.04 - 5000) - (5304 - 5000)= 5306.04 - 5304 = Rs. 2.04

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Filed Under: Compound Interest
Exam Prep: GATE , CAT , Bank Exams , AIEEE
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17 4950
Q:

Name the military exercise that is going on between Japanese and US military in northern Japan ?

A) Northern Viper B) Rimpac
C) Indra D) Valiant Shield
 
Answer & Explanation Answer: A) Northern Viper

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

6 4947
Q:

Which Indian airport has become the busiest single-runway airport in the world with 1 flight in 65 seconds ?

A) Chennai International Airport B) Chhatrapati Shivaji International Airport
C) Indira Gandhi International Airport D) Kempegowda International Airport
 
Answer & Explanation Answer: B) Chhatrapati Shivaji International Airport

Explanation:

The GVK group-run Mumbai airport has become the world’s busiest amongst the single-runway facilities by handling 837 flights a day or one in 65 seconds on an average in fiscal 2017.

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Filed Under: General Awareness
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1 4947
Q:

A watch which gains uniformly is 2 minutes low at noon on Tuesday and is 4 min 48 sec fast at 2 p.m. on the following Tuesday. When was it correct ?

A) 12 p.m. on Wednesday B) 2 p.m. on Thursday
C) 3 p.m. on Thursday D) 2 p.m. on Wednesday
 
Answer & Explanation Answer: B) 2 p.m. on Thursday

Explanation:

Time from 12 p.m. on Tuesday to 2 p.m. on the following Tuesday = 7 days 2 hours.
= 170 hours.
The watch gains = (2 + 4 x 4/5) min
= 34/5 min. in 170 hrs.
Now, 34/5 min are gained in 170 hrs.
Then, 2 min are gained in (170 x 5/34 x 2) hrs.
Watch is correct after 2 days 2 hrs after 12 p.m. on Tuesday, i.e., it will be correct at 2 p.m. on Thursday.

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Filed Under: Clocks
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Analyst , Bank Clerk , Bank PO , Network Engineer , Project Manager

9 4947
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

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