Bank PO Questions


Q:

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A) Rs.1251 B) Rs.1261
C) Rs.1271 D) Rs,1281
 
Answer & Explanation Answer: B) Rs.1261

Explanation:

Clearly, Rate = 5% p.a .,

Time = 3 years

S.I =Rs.1200.

So,Principal

=Rs.(100 x 1200/3x5)

=Rs.8000.

 

Amount

=Rs.[8000 x (1+5/100)³]

=Rs(8000x21/20x21/20x21/20)

= Rs.9261

 

C.I

=Rs.(9261-8000)

=Rs.1261.

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

1 5156
Q:

Akhil after travelling 50 km meets Raju who suggests him to go slower. He then proceeds at ¾ of his former speed and arrives at his destination 35 minutes late. Had the meeting occurred 24 km further Akhil would have reached its destination 25 minutes late. What is the initial speed of Akhil?

 

A) 48 kmph B) 36 kmph
C) 24 kmph D) 20 kmph
 
Answer & Explanation Answer: A) 48 kmph

Explanation:

Let the initial speed of Akhil be '4p' kmph

Then speed after decrease in speed = '3p' kmph

We know that, 

Change in speed == Change in time

According to the given data,

243p - 244p = 35 - 2560=> p = 12

 

Hence, the initial speed of Akhil = 4p = 4 x 12 = 48 kmph.

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14 5155
Q:

Evaluate : 3.392-2.6123.39-2.69?

A) 3 B) 4
C) 6 D) 1
 
Answer & Explanation Answer: C) 6

Explanation:

 

It is in the form of a2-b2a-b = a+ba-ba-b = a+b

 

Here a = 3.39   b = 2.61 

 

 = 3.39 + 2.61 = 6.

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

6 5154
Q:

What Room can Nobody Enter?

A) War room B) Spare room
C) Escape room D) Mushroom
 
Answer & Explanation Answer: D) Mushroom

Explanation:

The Room can Nobody Enter is a Mushroom.

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

7 5149
Q:

Which forms the largest portion of the coxal bone?

A) Ilium B) Ischium
C) Pubis D) None of the above
 
Answer & Explanation Answer: A) Ilium

Explanation:

Which_forms_the_largest_portion_of_the_coxal_bone1553512529.jpg image

 

The three parts of the coxal bone are

1. Ilium

2. Ischium

3. Pubis

Ilium forms the largest portion of the coxal bone or hip bone.

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

1 5148
Q:

The slogan 'Garibi Hatao' or 'Garibi Unmulan' was given in which five year plan?

A) Second plan B) Fourth plan
C) Fifth plan D) Sixth plan
 
Answer & Explanation Answer: C) Fifth plan

Explanation:

Fifth Five Year Plan (1974–1978)

 

The Fifth Five-Year Plan laid stress on Employment, Poverty Alleviation (Garibi Hatao), and Justice. The plan also focused on self-reliance in agricultural production and defense.

 

In 1978 the newly elected Morarji Desai government rejected the plan.

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

12 5145
Q:

Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

A) 1548 B) 1348
C) 1648 D) 1748
 
Answer & Explanation Answer: C) 1648

Explanation:

FV1 = Future value of $2000, 1 year later
= PV (1+  i)^n

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

2 5141
Q:

Who has become the 1st woman player from Jharkhand who has been awarded Dhyan Chand Award 2017  ?

A) Poonam Rani B) Samurai Tete
C) Monika Malik D) Navjot Kaur
 
Answer & Explanation Answer: B) Samurai Tete

Explanation:

The Apex body for The national sport Hockey India pitched Jharkhand's Samurai Tete, former Team India skipper, for the Dhyan Chand Lifetime Achievement Award 2016.

Sumrai Tete is a member of the India women's national field hockey team. She played with the team when it won the Gold at the Manchester 2002 Commonwealth Games.

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

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