Bank PO Questions


Q:

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A) 5.65% B) 5.75%
C) 5.85% D) 5.95%
 
Answer & Explanation Answer: A) 5.65%

Explanation:

We are not given a value of P in this problem, so either pick a value

for P and stick with that throughout the problem, or just let P = P.

We have that t = 1, and r = .055. To find the effective rate of interest,

first find out how much money we have after one year:

A = Pert

A = Pe(.055)(1)

A = 1.056541P.

Therefore, after 1 year, whatever the principal was, we now have 1.056541P.

Next, find out how much interest was earned, I, by subtracting the initial amount of money from the final amount:

I = A − P

  = 1.056541P − P

  = .056541P.

Finally, to find the effective rate of interest, use the simple interest formula, I = Prt. So,

I = Pr(1) = .056541P

.056541 = r.

Therefore, the effective rate of interest is 5.65%

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

1 5170
Q:

Speed of laser printer is measured in

A) PPM B) CPM
C) LPM D) DPI
 
Answer & Explanation Answer: A) PPM

Explanation:

Now a days, printers we are using are called as laser printers. The speed of a laser printer is measured in PPM i.e, Pages Per Minute

 

speed_of_laser_printer_is_measured_in1553490856.jpg image

Laser printing is an electrostatic digital printing process. It produces high-quality text and graphics by repeatedly passing a laser beam back and forth over a negatively charged cylinder called a "drum" to define a differentially charged image.

 

Compared to inkjet printers which use ink for printing laser printers are more expensive as they use toner which lasts for long.

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

2 5169
Q:

How long will it take $3000 to earn $60 interest at 6%?

A) 2months B) 3months
C) 4months D) 5months
 
Answer & Explanation Answer: C) 4months

Explanation:

t=I/pr

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

3 5165
Q:

A sum of money at simple interest amounts to Rs. 415 in 2 years and to Rs. 514 in 4 years. The sum is ?

A) Rs. 316 B) Rs. 251
C) Rs. 154 D) Rs. 294
 
Answer & Explanation Answer: A) Rs. 316

Explanation:

S.I. for 2 years = (514 - 415) = Rs. 99
S.I. for 1 year = 99/2

Principal = (415 - 99) = Rs. 316.

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Filed Under: Simple Interest
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2 5162
Q:

The schwann cell forms a myelin sheath around the

A) nodes of Ranvier B) dendrites
C) nucleus D) axon
 
Answer & Explanation Answer: D) axon

Explanation:

Schwann cells or neurolemmocytes are the cells in the peripheral nervous system that form the myelin sheath around a neuron's axon.

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

1 5160
Q:

Carbon monoxide is a common atmospheric pollutant.

A) TRUE B) FALSE
Answer & Explanation Answer: A) TRUE

Explanation:

Carbon monoxide is one of the major pollutant present in the world. The six most common pollutants include ozone, carbon monoxide, sulfur dioxide, lead, nitrogen oxides, and particulate matter.


 


Carbon monoxide is a common atmospheric pollutant. It is produced largely in combustion processes like in industries and in vehicles. It is a gas that cannot be seen nor smelled.

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Subject: General Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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1 5160
Q:

Pressing F8 key for three times selects

A) a sentence B) a word
C) a document D) a paragraph
 
Answer & Explanation Answer: A) a sentence

Explanation:
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Filed Under: Computer
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8 5157
Q:

What will be added to the unit digits of the number 86236 so that number will be divisible by 9  ?

A) 1 B) 2
C) 3 D) 0
 
Answer & Explanation Answer: B) 2

Explanation:

A number is divisible by 9 only if the sum of the digits of the number is divisible by 9.

Here 86236 = 8 + 6 + 2 + 3 + 6 = 25

We must add 2 to 25 to become 27 which is divisible by 9.

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Filed Under: Problems on Numbers
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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4 5156