Bank PO Questions


Q:

If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?

A) 6.9 B) 7.9
C) 8.9 D) 9.9
 
Answer & Explanation Answer: B) 7.9

Explanation:

 

 

FV=P(1+r/n)^nt

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

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Q:

The simple interest on a sum of money will be Rs.600 after 10 years. If the principal is trebled after 5 years what will be the total interest at the end of the tenth year ?

A) Rs. 1100 B) Rs. 1200
C) Rs. 1000 D) Rs. 1840
 
Answer & Explanation Answer: B) Rs. 1200

Explanation:

P --- 10 ----- 600 

  P --- 5 ----- 300

3P --- 5 ----- 900
                __________
                   1200

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

24 13196
Q:

In a certain code 'Black' means Orange', 'Orange' means Violet','Violet' means 'Green', 'Green' means 'White' ,'White', means 'Yellow' and 'Yellow' means 'Sky blue', what is the colour of coal ?

A) Orange B) Sky Blue
C) Violet D) Yellow
 
Answer & Explanation Answer: A) Orange

Explanation:

The colour of coal is Black. In the code language ,black is called orange. So, the colour of coal is Orange.

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Filed Under: Coding and Decoding
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

50 13185
Q:

In a certain code language, 'how can you go' is written as 'ja da ka pa', 'can you come here' is written as 'na ka sa ja' and 'cone and go' is written as 'ra pa sa'. How is 'here' written in that code ?

A) na B) ja
C) sa D) None
 
Answer & Explanation Answer: A) na

Explanation:

From the given information :

how can you go = ja da ka pa....(1)
can you come here = na ka sa ja...(2)
come and go = ra pa sa....(3)
from (1)&(2), can you = ja ka...(4)
from (2)&(3), come = sa...(5)
Using (4)&(5) in (2), we get here = na.

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

25 13184
Q:

Try the logical puzzle?

logical_puzzle1538026382.jpg image

A) 24 B) 25
C) 13 D) 12
 
Answer & Explanation Answer: C) 13

Explanation:

The man has 12 sons and the 12 sons has each one sister.

=> 12 sons + 1 sister = 13 children.

 

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

49 13179
Q:

If NAMO = 172 and OM = 56  then, SHIVAY = ?

A) 606 B) 415
C) 504 D) 404
 
Answer & Explanation Answer: C) 504

Explanation:

(COUNTING OF LETTERS)
NAMO = 14 + 1 + 13 + 15 = 43 x 4 = 172,  OM = 15 + 13 = 28 x 2 = 56,

SHIVAY = 19 + 8 + 9 + 22 + 1 + 25 = 84 x 6 = 504

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

33 13178
Q:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

A) 6.06% B) 6.07%
C) 6.08% D) 6.09%
 
Answer & Explanation Answer: D) 6.09%

Explanation:

Amount of Rs. 100 for 1 year

when compounded half-yearly = Rs.[100*(1+3/100)^2]=Rs.106.09

Effective rate=(106.09-100)%=6.09%

 

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

10 13177
Q:

The product of a number and its multiplicative inverse is

A) 1 B) 0
C) -1 D) Infinity
 
Answer & Explanation Answer: A) 1

Explanation:

The mutiplicative inverse of a number is nothing but a reciprocal of a number.

Now, the product of a number and its multiplicative inverse is always equal to 1.

 

For example :

Let the number be 15

Multiplicative inverse of 15 = 1/15

The product of a number and its multiplicative inverse is = 15 x 1/15 = 1.

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Filed Under: Numbers
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

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