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Bank PO Questions

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Q:

For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

A) 10 B) 11
C) 12 D) 13
 
Answer & Explanation Answer: B) 11

Explanation:

S=R[(1+i)^n-1)/i]

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

0 4357
Q:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?

A) Rs. 145 B) Rs. 245.1
C) Rs. 96 D) Rs. 75
 
Answer & Explanation Answer: C) Rs. 96

Explanation:

Michel earns Rs. 135 by investing Rs. 1620
To earn Rs. 8 how much he have to invest...?

= (8 x 1620)/135 = Rs. 96

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Filed Under: Stocks and Shares
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

8 4351
Q:

A constructor estimates that 4 people can paint Mr. Karthik's house in 6 days. If he uses 5 people instead of 4, how long will they take to complete the job ?

A) 3 days B) 26/3 days
C) 13/4 days D) 24/5 days
 
Answer & Explanation Answer: D) 24/5 days

Explanation:

we know that m1 x d1 = m2 x d2
=> 4 x 6 = 5 x d
where d = no. of days taken by 5 men to paint
d = 24/5 days.

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

5 4351
Q:

K and L start a business jointly. L invests Rs.16000 for 8 months and L remains in the business for 4 months. Out of the total profit B claims 2/7th share. How much money is contributed by B  ?

A) Rs. 9040 B) Rs. 10,400
C) Rs. 12,800 D) Rs. 6350
 
Answer & Explanation Answer: C) Rs. 12,800

Explanation:

16x8 : Px4 = 5:2

P = 12.8 => Rs.12,800

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

4 4350
Q:

One word substitute for 'a post without remuneration?'

A) Voluntary B) Honorary
C) Involuntary D) Sinecure
 
Answer & Explanation Answer: B) Honorary

Explanation:

The One-word substitute for 'a post without remuneration' is Honorary.

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

7 4349
Q:

______ was named by the Arabs as City of gold ?

A) Mumbai B) Jaipur
C) Cooch Behar D) Multan
 
Answer & Explanation Answer: D) Multan

Explanation:

Mumbai - City of Wealth

Jaipur - Pink City

Cooch Behar - City of Beauty

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

11 4345
Q:

Proclamation of Emergency under Article 352 has been done How many times ?

A) 4 B) 3
C) 2 D) 1
 
Answer & Explanation Answer: B) 3

Explanation:
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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

11 4345
Q:

Boy, man, uncle, fireman, grandfather are...

A) Feminine titles B) Masculine titles
C) Both Feminine and Masculine titles D) None of the above
 
Answer & Explanation Answer: B) Masculine titles

Explanation:

As they are the titles of male gender, they are called as Masculine titles.

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

6 4344