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Bank PO Questions

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Q:

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A) 9.33% B) 10.33%
C) 11.33% D) 12.33%
 
Answer & Explanation Answer: C) 11.33%

Explanation:

l=(F/P)^1/n-1

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

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Q:

You put $750 into a certificate of deposit. Your simple annual interest rate is 4%. You receive a check for the interest at the end of each year. How long will it take to earn $150 in interest?

A) 5years B) 6years
C) 7years D) 8years
 
Answer & Explanation Answer: A) 5years

Explanation:

I=prt

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

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Q:

A kiddy bank of a child contains all Rs. 1, 50 paise and 25 paise coins. What is the total amount in the bank ?
(1) Total number of coins are 20
(2) The number of 50 paise and 25 paise coins are in the ratio of 7:3.

A) only 1 is needed B) only 1 is needed
C) Both and 2 are needed D) None
 
Answer & Explanation Answer: C) Both and 2 are needed

Explanation:

Given that 50 paise and 25 paise coins are in the ratio of 7:3, they can be either 7 & 3 or 14 & 6.
As total 20 coins also includes Rs. 1 coins, so 50 paise & 25 paise coins are 7 & 3 respectively & Rs. 1 coins are 10.
Total amount = (100x10) + (50x7) + (25x3)=1425 paise or Rs.14.25.

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Filed Under: Arithmetical Reasoning
Exam Prep: Bank Exams , CAT
Job Role: Bank PO

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Q:

If 13∆3 = 20, 12∆7 = 10 and 12∆5 = 14 then find the value of 16∆2?

A) 14 B) 4
C) 28 D) 8
 
Answer & Explanation Answer: C) 28

Explanation:
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Filed Under: Coding and Decoding
Exam Prep: Bank Exams
Job Role: Bank PO , Bank Clerk

6 3429
Q:

For which Novel Prominent Konkani writer Mahabaleshwar Sail will be awarded the Saraswati Samman for the year 2016 ?

A) Hawthan B) Mandra
C) Chitt-Chete D) None of the above
 
Answer & Explanation Answer: A) Hawthan

Explanation:
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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

6 3428
Q:

Serious dehydration may cause all of the following, EXCEPT

A) muscle cramps B) torn ligaments
C) reduced blood volume D) increased heart rate
 
Answer & Explanation Answer: B) torn ligaments

Explanation:

Serious_dehydration_may_cause_all_of_the_following,_EXCEPT1558508048.jpg image

 

Dehydration is a loss of body fluid that impairs normal bodily functions. Serious dehydration may cause muscle cramps, reduced blood volume and increased heart rate.

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

4 3427
Q:

Open market operation is a part of

A) Debit Policy B) Deposit Policy
C) Credit Policy D) None of above
 
Answer & Explanation Answer: C) Credit Policy

Explanation:

Open market operations (OMO) refer to the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system.

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Which is the most accurate statement about trade?

A) Trade makes some nations better off and others worse off B) Trading for a good can make a nation better off only if the nation cannot produce that good itself
C) Trade helps rich nations and hurts poor nations D) Trade can make every nation better off
 
Answer & Explanation Answer: D) Trade can make every nation better off

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

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