Bank PO Questions


Q:

The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

A) Rs.156.25 B) Rs.150
C) Rs.140 D) Rs125.25
 
Answer & Explanation Answer: A) Rs.156.25

Explanation:

 

Present Worth

 

=P1+R1002

 

=1691+41002

 

= Rs.156.25

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

30 24092
Q:

Man : Biography :: Nation : ?

A) History B) Leader
C) Story D) Nationalism
 
Answer & Explanation Answer: A) History

Explanation:

Detailed description of a man's life is Biography.

Similarly, detailed description of a Nations is called History.

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Filed Under: Analogy
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO , Database Administration , IT Trainer

47 24013
Q:

What is a Non-PO Invoice?

Answer

A non-po is an invoice which does not have po(purchase order).However, these invoices requires approval for authorized person/persons to process for payment.


What_is_a_Non-PO_Invoice1558075538.jpg image

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

31 23928
Q:

A F Z U G L T _ 

Find the next letter in the above given letter series?

A) K B) M
C) O D) Q
 
Answer & Explanation Answer: C) O

Explanation:

Given series is A F Z U G L T _

Starts with A

A + 5 letters = F

go to end of alphabet= Z

Z - 5 letters = U

from F go one more to G + 5 letters = L

from U go one back to U, T - 5 letters = O

 

Second Method ::

Change the letters to their corresponding number.

A=1

B=2

C=3

...

Z=26

A F Z U G L T _

1 6 26 21 7 12 20 ?

Look at the pattern: the 1st and 3rd numbers = 27, 1+26

the 2nd and 4th numbers = 27, 6+21

the 5th and 7th numbers = 27,

so the 6 and 8th would also equal 27.

27 - 12 = 15,

so the letter is O.

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70 23909
Q:

Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

A) 3567 B) 3452
C) 3087 D) 3544
 
Answer & Explanation Answer: C) 3087

Explanation:

Shyam's share * (1+0.05)9 = Ram's share * (1 + 0.05)11

Shyam's share / Ram's share = (1 + 0.05)11 / (1+ 0.05)9 = (1+ 0.05)2 = 441/400

Therefore Shyam's share = (441/841) * 5887 = 3087

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

17 23889
Q:

Rahul went to purchase a Nokia mobile handset, the shopkeeper told him to pay 20% tax if he asked the bill. Rahul manages to get the discount of 5% on the actual saleprice of the mobile and he paid the shopkeeper Rs. 3325 without tax. Besides he manages to avoid to pay 20% tax on the already  discounted price, what is the amount of discount that he has gotten?

A) 750 B) 375
C) 875 D) 525
 
Answer & Explanation Answer: C) 875

Explanation:

CP = 100, SP (with tax) =120

 

New   SP = 100 - 5 = 95

 

 Effective discount = 120 - 95 = 25 

 

So, at SP of 95 ----> discount = 25

 

and      at SP of 3325 -----> discount = 2595×3325 = 875

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

54 23888
Q:

Tennis is to Sport as Chemistry is to

A) Biology B) Physics
C) Science D) Subject
 
Answer & Explanation Answer: C) Science

Explanation:

As Tennis is a kind of Sport, similarly, Chemistry is a kind of science.

 

Hence, Tennis : Sport :: Chemistry : Science.

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

13 23865
Q:

The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years

A) Rs.48 B) Rs.66.56
C) Rs.98.56 D) None of these
 
Answer & Explanation Answer: C) Rs.98.56

Explanation:

difference in C.I and S.I in 2years =Rs.32

S.I for 1year =Rs.400

S.I for Rs.400 for one year =Rs.32

rate=[100*32)/(400*1)%=8%

difference between in C.I and S.I for 3rd year

=S.I on Rs.832= Rs.(832*8*1)/100=Rs.66.56

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

43 23774