Bank PO Questions and Answers with Explanation, Job Roles

Q:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A) 3years	B) 2years
C) 4years	D) 6years

Answer & Explanation Answer: B) 2years

Explanation:

Amount = Rs. (30000 + 4347) = Rs. 34347.

Let the time be n years.

Then, 30000*(1+7/100)^n=34347

n= 2 years

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

0 4449

Q:

Praveena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest ?

A) 6	B) 7
C) 9	D) 11

Answer & Explanation Answer: A) 6

Explanation:

Let rate = R% and time = R years.

Then, (1200 x R x R) / 100 = 432

=> R = 6.

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

3 4445

Q:

Karthik incurred a loss of 40 percent on selling an article for Rs. 5,640. At what price should he have sold the item to have profit of 25%?

A) Rs. 11750	B) Rs. 12550
C) Rs. 13650	D) Rs. 11550

Answer & Explanation Answer: A) Rs. 11750

Explanation:

From the given data,

The cost price of the article = 5640 x 100/60 = Rs. 9400

The selling price of the article to gain 25% profit = 9400 x 125/100 = Rs. 11750.

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

21 4444

Q:

What replaces "?" in the below figure?

k11482901675.jpg image

A) 35	B) 34
C) 26	D) 24

Answer & Explanation Answer: C) 26

Explanation:

Here $\frac{14 \times 15}{21}$ = 10 and $\frac{32 \times 14}{28}$ = 16

In the same way $\frac{24 \times 26}{24}$ = 26.

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Filed Under: Inserting The Missing Character
Exam Prep: Bank Exams
Job Role: Bank PO

33 4444

Q:

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A) 17296	B) 13296
C) 19296	D) 15296

Answer & Explanation Answer: C) 19296

Explanation:

i=j/m

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

1 4442

Q:

India's largest telecom operator Bharti Airtel announced a partnership with __________ to provide cyber security solutions to businesses in India.

A) Symantec Corp	B) Mimecast
C) Cisco	D) Raytheon

Answer & Explanation Answer: A) Symantec Corp

Explanation:

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

6 4436

Q:

How many such pairs of letters are there in the word ORDINAL each of which has as many letters between them in the word as in the English alphabet?

A) None	B) One
C) Two	D) Three

Answer & Explanation Answer: D) Three

Explanation:

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Filed Under: Verbal Reasoning - Mental Ability
Exam Prep: Bank Exams
Job Role: Bank PO

5 4432

Q:

What type of mirror is used in car headlights?

A) Concave	B) convex
C) Both A & B	D) None of the above

Answer & Explanation Answer: A) Concave

Explanation:

Concave type of glasses are used in the headlights of the vehicles as the light from the bulb which is at focus will converges out and spreads and reflects back parallely.

What_type_of_mirror_is_used_in_car_headlights1535545831.jpg image

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

6 4431

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