Bank PO Questions

China has been by far the biggest coal producing country over the last three decades. The country produced about 3.6 billion tonnes (Bt) of coal in 2012 accounting for over 47% of the world's total coal output.

Italian sonnets have 14 lines and are written in iambic pentameter. They are divided into two sections: the octave and the sestet. The octave of an Italian sonnet consists of the first eight lines of the poem. It follows an ABBAABBA rhyme pattern.

The Article - I of the constitution of India describes India as Union of States.

CFS Scheme means Concessional Financing Scheme. 

Under the CFS, the Govt. of India has been supporting Indian Entities bidding for strategically important infrastructure projects abroad since 2015-16.

The Union Cabinet has recently approved Extension of Concessional Financing Scheme (CFS) to support Indian Entities bidding for strategically important infrastructure projects abroad.

India's first Indian Institute of Skills will get in 3 locations viz. Mumbai, Kanpur and Ahmedabad in the country. Ministry of Skill Development and Entrepreneurship has approved the proposal to set up Indian Institute of Skills (IISs) on Not-for-profit Public Private Partnership (N-PPP) basis.

The reason behind these institutes is to promote further growth of the Indian Skills sector overall, new measures have been initiated by the Government of India to establish state of the art training institutions called Indian Institutes of Skill (IISs).

National Science Centre is located at New Delhi.

Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged.

Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value.

The formula for calculating compound interest is:

[P (1 + i)n] – P

= P [(1 + i)n – 1]

(Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.)

Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be:

Rs. 10,000 [(1 + 0.05)3] – 1

= 10,000 [1.157625 – 1]

= Rs. 1,576.25.

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