Bank PO Questions


Q:

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A) 39158 B) 49158
C) 59158 D) 69158
 
Answer & Explanation Answer: B) 49158

Explanation:

i=j/m

FV = PV(1+  i)^n

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

2 4261
Q:

How much money did the owner lose?

logical_math_puzzle1539151721.jpg image

A) Rs. 40 B) Rs. 200
C) Rs. 60 D) Rs. 100
 
Answer & Explanation Answer: D) Rs. 100

Explanation:

The owner first lost Rs. 100 in cash, but after the thief bought Rs. 60 goods, he get back that Rs. 100 but he lost Rs. 60 value of goods and Rs. 40 in change.

 

So, a total of 60 + 40 = Rs. 100 the owner lose.

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

4 4260
Q:

Find the simple interest charged on borrowing $325 for 5 years at 3% p.a. (per annum or per year) interest.

A) 59 B) 46
C) 48.75 D) 34.75
 
Answer & Explanation Answer: C) 48.75

Explanation:

I= PTR100

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

3 4260
Q:

Carbohydrates, lipids and proteins are classified as

A) Macromolecules B) Biomolecules
C) Macronutrients D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Carbohydrates, together with lipids, proteins and nucleic acids, are one of the four major classes of biologically essential organic molecules found in all living organisms. They not only provide energy for vital metabolic reactions but also supply the building materials for normal structure, growth and repair. Your body needs relatively large quantities of carbohydrates, fats and protein for optimal function, hence their classification as macronutrients.

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

3 4259
Q:

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A) 75263.64 B) 76345
C) 76389 D) 56897
 
Answer & Explanation Answer: A) 75263.64

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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

0 4255
Q:

Who has been elected as 13th Vice President of India ?

A) M Venkaiah Naidu B) Gopalkrishna Gandhi
C) Hamid Ansari D) Ram Nath Kovind
 
Answer & Explanation Answer: A) M Venkaiah Naidu

Explanation:
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Filed Under: Indian Politics
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

14 4253
Q:

The first step in solving an Ethical Dilemma is to

A) identify the alternatives B) identify an etical situation and ethical issues involved
C) weigh the impact of each alternative on various stakeholders. D) recognize and analyze the principal elements in the situation.
 
Answer & Explanation Answer: B) identify an etical situation and ethical issues involved

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

7 4250
Q:

Which is the first metro rail in India?

A) Kolkata B) Hyderabad
C) Delhi D) Mumbai
 
Answer & Explanation Answer: A) Kolkata

Explanation:

Kolkata Metro Rail is the first metro rail operating since 1984 in India.

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

17 4248