Bank PO Questions


Q:

Three strategies P, Q and R have been initiated for cost cutting in a company producing respectively 20%, 30% and 10% savings. Assuming that they operate independently, what is the net saving achieved ?

A) 49.6% B) 50.4%
C) 33.67% D) 66.66%
 
Answer & Explanation Answer: A) 49.6%

Explanation:

As these three strategies P, Q and R are independent so these will cut cost one after the other.
If initial cost is Rs 100, then
20% cost is cut after initializing strategy P, then cost will remain 80% = 80
further 30% cost is cut after strategy Q, then cost will remain 70% of 80 = 56
further 10% cost is cut after strategy R, then cost will remain 90% of 56 = 50.4

Thus final cost remains 50.4 % of the original cost. Hence net saving is 100 - 50.4 = 49.6 %.

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

3 4953
Q:

Who is known as inventor of World Wide Standard Time ?

A) Sandford Fleming B) Fredrich
C) Williamson D) James Broot
 
Answer & Explanation Answer: A) Sandford Fleming

Explanation:

Sir Sandford Fleming, (January 7, 1827 – July 22, 1915) was a Scottish Canadian engineer and inventor. Born and raised in Scotland, he emigrated to colonial Canada at the age of 18. He proposed worldwide standard time zones, designed Canada's first postage stamp.

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Filed Under: Inventions
Exam Prep: Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

11 4953
Q:

What is the place value of 0 in 103?

A) 0 B) 100
C) 10 D) 103
 
Answer & Explanation Answer: A) 0

Explanation:

The place value of 0 in 103 is given by the product of digits place in the number and the digit.

Here 0 is in 10's place in 103

=> 0 x 10 = 0.

 

Hence, The place value of 0 in 103 = 0.

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Filed Under: Arithmetical Reasoning
Exam Prep: AIEEE , Bank Exams , CAT
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13 4952
Q:

A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

A) Rs. 7000 B) Rs. 4500
C) Rs. 9000 D) Rs. 8200
 
Answer & Explanation Answer: C) Rs. 9000

Explanation:

Let Rs. K invested in each scheme

Two years C.I on 20% = 20 + 20 + 20x20/100 = 44%

Two years C.I on 15% = 15 + 15 + 15x15/100 = 32.25%

Now,

(P x 44/100) - (P x 32.25/100) = 528.75

=> 11.75 P = 52875

=> P = Rs. 4500

 

Hence, total invested money = P + P = 4500 + 4500 = Rs. 9000.

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19 4951
Q:

There are 15 lines in plane. How many intersections (Maximum) can be made ?

A) 55 B) 105
C) 215 D) 148
 
Answer & Explanation Answer: B) 105

Explanation:

First line will cut all other 14, similarly second will cut 13, and so on
Total = 14+13+12+11+10+9+8+7+6+5+4+3+2+1 = 105.

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Filed Under: Problems on Numbers
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
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6 4951
Q:

Chennai express left Hyderabad for Chennai at 14 : 30 hours, travelling at a speed of 60 kmph and Charminar Express left Hyderabad for Chennai on the same day at 16 : 30 hours, travelling at a speed of 80 kmph. How far away from Hyderabad will the two trains meet? 

A) 360 kms B) 480 kms
C) 520 kms D) 240 kms
 
Answer & Explanation Answer: B) 480 kms

Explanation:

Now, the distance covered by Chennai express in 2 hrs = 60 x 2 = 120 kms

Let the Charminar Express takes 't' hrs to catch Chennai express

=> 80 x t = 60 x (2 + t)

=> 80 t = 120 + 60t

=> t = 6 hrs

 

Therefore, the distance away from Hyderabad the two trains meet = 80 x 6 = 480 kms.

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10 4946
Q:

What is the full form of SOX and what does it means in Accounting ?

Answer

Sarbanes Oxley Act. Otherwise known as Public companies Accounting reforms and investor protection Act. It was enacted in 2002 in USA after lot of scams come up on accounting framework whereby investors lose faith and confidence on accounting disclosures.

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Subject: Accounts Receivable Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

9 4945
Q:

There are 26 balls marked with alphabetical order A to Z. What is the probability of selecting vowels listed balls? 

A) 1 B) 21/26
C) 5/26 D) 5
 
Answer & Explanation Answer: C) 5/26

Explanation:

We know that,

Total number of balls n(S) = 26

Number of vowels n(E) = 5

Hence, required probability = n(E)/n(S) = 5/26.

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Filed Under: Probability
Exam Prep: AIEEE , Bank Exams , CAT , GATE
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