Bank PO Questions


Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?

I. The rate of interest is 5 p.c.p.a.

II. Simple interest fetched on the same amount in one year is Rs. 600.

III. The amount borrowed is 10 times the simple interest in 2 years.

A) I only B) III only
C) I or II only D) .II and Either I or III only
 
Answer & Explanation Answer: D) .II and Either I or III only

Explanation:

 

 

I. gives, Rate = 5% p.a.

 

II. gives, S.I. for 1 year = Rs. 600.

 

III. gives, sum = 10 x (S.I. for 2 years).

 

Now I, and II give the sum.

 

For this sum, C.I. and hence amount can be obtained.

 

Thus, III is redundant.

 

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

 

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

 

Thus, Rate =

 

100 x 1200

 

= 5% p.a.

 

2 x 12000

 

Thus, C.I. for 2 years and therefore, amount can be obtained.

 

Thus, I is redundant.

 

Hence, I or III redundant.

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Q:

The study of the weather is known as

A) Weatherology B) Siesmology
C) Meteorology D) Pulmology
 
Answer & Explanation Answer: C) Meteorology

Explanation:

Meteorology is the study of weather and Earth's atmosphere. Climatology is another term used to describe the study of weather.

 

Studying the weather is not only useful for determining if you'll need an umbrella for the day. While forecasting is an important aspect of studying weather, understanding weather patterns provides valuable information about the status of the planet.

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

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Q:

Sugar Bowl of the World?

A) Cuba B) Brazil
C) India D) Australia
 
Answer & Explanation Answer: B) Brazil

Explanation:

"Cuba" is the name of the country which was commonly known as the "Sugar Bowl of the World".

It is called by this name because formerly it was the largest producer of Sugar, but now Brazil is currently the largest producer of Sugar.

It is an island country in the Caribbean and is officially called as the Republic of Cuba.

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

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Q:

A Credit may signify a

A) Increase in the liability account B) Decrease in an asset account
C) Increase in the capital stock account D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

A credit may signify a decrease in an asset account or an increase in a liability or capital stock account. 

 

A debit may signify an increase in an asset account.

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

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Q:

What gets broken without being held?

Answer

Yes, a promise can be broken without being held.

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Q:

The Length of the Day is determined in

A) length of the hours B) length of the year
C) astronomical units D) solar terms
 
Answer & Explanation Answer: C) astronomical units

Explanation:

The Length of the Day is determined in Astronomical Units.

The length of a day corresponds to the time the Earth takes to turn around on its axis, which is approximately 24 hours. But it's not exactly 24 hours. 

This phenomenon is due to tides raised by the Moon which slow Earth's rotation. Because of the way the second is defined, the mean length of a day is now about 86 400.002 seconds, and is increasing by about 1.7 milliseconds per century.

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

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Q:

If there is a total of 104 weekly instalments and a third deposit, find the interest rate

A) 2.82 B) 3.82
C) 4.82 D) 5.82
 
Answer & Explanation Answer: C) 4.82

Explanation:

R = (100 x I)/( P x T)

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

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Q:

Who has been described as the "destroyer of the Sakas, the Yavanas and the Pallavas"?

A) Skanda Gupta B) Gautamiputra Satakarni
C) Simuka D) Satakarni I
 
Answer & Explanation Answer: B) Gautamiputra Satakarni

Explanation:

Gautamiputra Satakarni has been described as the "destroyer of the Sakas, the Yavanas and the Pallavas".

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

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