Bank PO Questions


Q:

Three friends Rudra, Siva and Anvesh start to run around a circular stadium. They complete a revolution in 24, 36 and 30 seconds respectively. After how many minutes will they meet at the starting point ?

A) 60 B) 120
C) 360 D) 6
 
Answer & Explanation Answer: D) 6

Explanation:

For this we have to find the LCM of 24, 36 and 30

LCM of 24, 36 and 30 = 360 sec

360/60 min = 6 minutes.

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

10 5044
Q:

In an exhibition, Almond bought a painting for Rs. 20000. He later sold it to Olive for Rs. 23000. Olive sold it to Sarah for double the profit percentage that Almond earned. At what price should Sarah sell this painting to earn 8% profit ?

A) Rs. 34,410 B) Rs. 31,184
C) Rs. 29,999 D) Rs. 32,292
 
Answer & Explanation Answer: D) Rs. 32,292

Explanation:

Almond Selling price = CP(1 + P%/100)

=> CP = 20000, SP = 23000

=> 23000 = 20000 (1 + P/100)

=> P% = 100(23000/20000 - 1) = 15

Then, Olive's P% = 30%

SP for Olive = CP for Sarah = 23000(1 + 30/100) = 29900

Now Sarah wants to earn profit of 8%

=> Sp for Sarah = 29900(1 + 8/100)

= Rs. 32,292.

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

11 5042
Q:

Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

A) 346.64 B) 356.64
C) 366.64 D) 376.64
 
Answer & Explanation Answer: C) 366.64

Explanation:

A=P(1+r)^t

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

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Q:

How can investors receive compounding returns?

A) By investing their earnings back into their original investment B) By diversifying their investment portfolio
C) By selecting a savings account that has a higher interest rate D) By transferring their earnings back into high-risk investment
 
Answer & Explanation Answer: A) By investing their earnings back into their original investment

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

0 5039
Q:

1 Billion Seconds Equals to

A) 34.76 years B) 32.48 years
C) 33.31 years D) 31.68 years
 
Answer & Explanation Answer: D) 31.68 years

Explanation:

We know that 1 year = 365.25 days

1 day = 24 hours

1 hour = 60 minutes

1 minute = 60 seconds

 

=> 1 Year = 365.25 x 24 x 60 x 60 Seconds

But 1 billion seconds = ?

1 Year = 365.25 x 24 x 60 x 60 Seconds

    ?     =  1000000000 Seconds

 

? = 1000000000365.25 x 24 x 60 x 60 years = 31. 68 years.

 

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38 5039
Q:

A sapphire ring with a marked price of $1800 is offered to the purchaser on the following terms: $200 deposit and the balance to be paid over 24 equal monthly instalments with interest charged at 11.5% p.a. flat rate. Find the monthly repayments

A) $53 B) $42
C) $62 D) $82
 
Answer & Explanation Answer: D) $82

Explanation:

Total repayment amount = $1600 + $368
= $1968
= $82

regular payment= total amount/number of repayments

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

1 5037
Q:

Guess the Hiding Letter  ?

19113839_1330685610371873_3858733463247627315_n1499402539.jpg image

A) D B) K
C) L D) G
 
Answer & Explanation Answer: D) G

Explanation:

Starting from letter 'S' add 5 in the clock wise direction to get the next letter in English alphabets.

Here S + 5 => 19 + 5 = 24 => X

X + 5 = 24 + 5 = 3 => C

Similarly, 

B + 5 = G

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Filed Under: Missing letters puzzles
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

13 5036
Q:

A secret can be told to only 3 persons in 3 minutes. Each person in turn tells 3 other persons in the next 3 minutes and the processes continues accordingly. In 30 minutes how many persons can be told this secret in this way ?

A) 88572 B) 77854
C) 99584 D) 55654
 
Answer & Explanation Answer: A) 88572

Explanation:

Given a secret is told to 3 persons in 3 minutes.
And if the process continues with each person saying 3 other persons,
In 30 minutes => the rocess for 10 times because each person time is 3 minutes.
Required number of persons = 3 + 32 + 33 + .... + 39 + 310

 

Now it forms a geometric progression,

 

Sum to n terms is S = arn - 1r - 1

 

Here a = 3, r = 3

 
=> 59048 x 3 /2

 

= 88572.

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

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