Bank PO Questions


Q:

Lasya invested certain amount for two rates of simple interests at 5% p.a. and 4% p.a. What is the ratio of Lasya's investments if the interests from those investments are equal ?

A) 4 : 5 B) 5 : 4
C) 7 : 6 D) 6 : 7
 
Answer & Explanation Answer: A) 4 : 5

Explanation:

Let x be the investment of Lasya in 5% and y be in 4%

x(5)(n)/100 = y(4)(n)/100

=> x/y = 4/5

x : y = 4 : 5

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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3 3879
Q:

Disinvestment means-

A) To reduce government share in the FDI B) To reduce the government share in the public sector
C) To reduce government share in Market D) To reduce the government share in the private sector
 
Answer & Explanation Answer: B) To reduce the government share in the public sector

Explanation:

Disinvestment is the action of an organization or government selling or liquidating an asset or subsidiary.

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Filed Under: Bank Interview
Exam Prep: Bank Exams , CAT
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9 3877
Q:

The threshold limit upto which coins can be issued as per the Coinage Act 2011 ? 

A) 100 B) 200
C) 500 D) 1000
 
Answer & Explanation Answer: D) 1000

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

12 3877
Q:

A colored ion generally indicates a

A) transition metal B) metalloid
C) large in size D) Both B & C
 
Answer & Explanation Answer: A) transition metal

Explanation:

A colored ion generally indicates a transition metal.

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams , CAT
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0 3875
Q:

What would be the next number in the sequence 52, 56, 48, 64, 32, ?

A) 96 B) 48
C) 54 D) 81
 
Answer & Explanation Answer: A) 96

Explanation:

The given number series is 52, 56, 48, 64, 32, …

It follows a pattern that,

52

52 + 4 = 56

56 - 8 = 48

48 + 16 = 64

64 - 32 = 32

32 + 64 = 96

Therefore, the required next number in the given number series is 96.

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Filed Under: Number Series
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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8 3874
Q:

Most modern Banking Systems are based on

A) commodity money B) 100 percent reserves
C) fractional reserves D) money of intrinsic value
 
Answer & Explanation Answer: C) fractional reserves

Explanation:

Most modern banking systems are based on Fractional reserves.

 

Fractional-reserve banking is the practice whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities. Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank.

1. In a fractional reserve banking system banks can create money through the lending process.

2. A fractional reserve banking system is susceptible to bank panics.

3. Bank panics are a risk of fractional reserve banking, but are unlikely when banks are highly regulated and lend prudently.

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Exam Prep: Bank Exams , CAT
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2 3873
Q:

The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 56. Then the sum is :

A) Rs. 3680 B) Rs. 2650
C) Rs. 1400 D) Rs. 1170
 
Answer & Explanation Answer: C) Rs. 1400

Explanation:

We know thatThe Difference between Compound Interest and Simple Interest for n years at R rate of interest is given by C.In - S.In = PR100n

Here n = 2 years, R = 20%, C.I - S.I = 56

56 = P201002=> P = 56 x 52=> P = 56 x 25=> P = Rs. 1400

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Filed Under: Compound Interest
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28 3873
Q:

Three of the following four are alike in a certain way and hence form a group. Which is the one that does not belong to that group?

A) 8 B) 13
C) 29 D) 38
 
Answer & Explanation Answer: D) 38

Explanation:

The numbers are based on the expression n2 + 4

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

18 3873