Bank PO Questions and Answers with Explanation, Job Roles

Q:

Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly.

A) 524.32	B) 624.32
C) 724.32	D) 824.32

Answer & Explanation Answer: D) 824.32

Explanation:

Principal = Rs. 10000; Rate = 2% per half-year; Time = 2 years = 4 half-years.
Amount == Rs. 10824.32.

$R s . [10000 * {(1 + \frac{2}{100})}^{4}] = R s . [10000 * \frac{51}{50} * \frac{51}{50} * \frac{51}{50} * \frac{51}{50}]$

$\therefore$ C.I. = Rs. (10824.32 - 10000) = Rs. 824.32.

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

145 53356

Q:

_____are attempts by individuals to obtain confidential information from you by falsifying their identity

A) Phishing trips	B) Computer viruses
C) Phishing scams	D) Spyware scams

Answer & Explanation Answer: C) Phishing scams

Explanation:

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Filed Under: Computer
Exam Prep: Bank Exams
Job Role: Bank PO

433 53122

Q:

Paw : Cat :: Hoof : ?

A) Donkey	B) Lion
C) Elephant	D) Horse

Answer & Explanation Answer: D) Horse

Explanation:

The cat's foot is called a paw. The horse's foot is called a hoof.

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

116 52987

Q:

Which fraction comes next in the sequence

$\frac{2}{3}, \frac{1}{3}, \frac{5}{27}, \frac{7}{81}, ?$

A) 1/27	B) 11/278
C) 9/48	D) 7/123

Answer & Explanation Answer: A) 1/27

Explanation:

Clearly, the numerators of the fractions in the given sequence follow the series of 2, 3, 5, 7,... and the denominator follows 3, 9, 27, 81, 243, ...
Then, the next term in the given sequence is $\frac{9}{3^{5}} = \frac{9}{243} = \frac{1}{27}$ .

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

27 52756

Q:

They come out at night without being called and are lost in the day without being stolen. What are they?

A) Light	B) Bats
C) Stars	D) Flights

Answer & Explanation Answer: C) Stars

Explanation:

Stars are what that come out at night without being called and are lost in the day without being stolen.

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

175 52291

Q:

Find the next number in the number series?

1, 4, 12, 32, ?

A) 80	B) 100
C) 192	D) 169

Answer & Explanation Answer: A) 80

Explanation:

Next number of the sequence 1, 4, 12, 32,...

1 = 2 x $2^{0}$

4 = 2 x $2^{1}$

12 = 3 x $2^{2}$

32 = 4 x $2^{3}$

80 = 5 x $2^{4}$ .

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Filed Under: Odd Man Out
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO , IT Trainer

5 52199

Q:

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly

A) 2422	B) 2522
C) 2622	D) 2722

Answer & Explanation Answer: B) 2522

Explanation:

Principal = Rs. 16000; Time = 9 months =3 quarters;
Rate = 20% per annum = 5% per quarter.
Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

CJ. = Rs. (18522 - 16000) = Rs. 2522

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

89 52197

Q:

How much time will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?

A) 4 years	B) 2.5 years
C) 3.5 years	D) 2 years

Answer & Explanation Answer: A) 4 years

Explanation:

Time = (100 x 81) / (450 x 4.5) = 4 years.

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

107 52169

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