Bank Exams Questions

Q:

A sum of Rs 5000 becomes Rs 8000 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is yearly), then what will be the amount (in Rs) after 3 years?

 

A) 8640   B) 8260  
C) 8880   D) 9220
 
Answer & Explanation Answer: A) 8640  

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Filed Under: Compound Interest
Exam Prep: Bank Exams

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

The priest class took upon itself the monopoly (1)/ of scriptural knowledge and interpretation (2)/ of the same to its own advantage. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Exam Prep: Bank Exams

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Q:

If M = (3/7) ÷ (6/5) × (2/3) + (1/5) × (3/2) and N = (2/5) × (5/6) ÷ (1/3) + (3/5) × (2/3) ÷ (3/5), then what is the value of M/N?

A) 207/560 B) 339/1120
C) 113/350 D) 69/175
 
Answer & Explanation Answer: C) 113/350

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Filed Under: Simplification
Exam Prep: Bank Exams

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Q:

The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

A) Artificial B) Nominal
C) Fixed D) Real
 
Answer & Explanation Answer: B) Nominal

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

The graph shows the production of food grains of a country in different years. Study the graph and answer the questions.

The percentage increase in production from 1984 to 1985 was

A) 15 B) 30
C) 50 D) 100
 
Answer & Explanation Answer: D) 100

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Filed Under: Bar Charts
Exam Prep: Bank Exams

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Q:

The average marks of 10 students in an examination was 25. It was later found that the marks of one student had been wrongly entered as 34 instead of 43. What is the correct average?

A) 25.5 B) 24.1
C) 24.5 D) 25.9
 
Answer & Explanation Answer: D) 25.9

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Filed Under: Average
Exam Prep: Bank Exams

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Q:

The Simple Interest(SI) for 16 years on an amount at particular rate is Rs 10000. If the principal is doubled at an interval of every 4 years and the rate is tripled at every such in terval, find the new Simple Interest(SI)

A) 632100 B) 689620
C) 602260 D) 647500
 
Answer & Explanation Answer: D) 647500

Explanation:
Let New SI be X

10000/16 = X/4(1*1+2*3+4*9+8*27)

10000/16=X/4(1+6+36+216)

X=647500

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Filed Under: Simple Interest
Exam Prep: Bank Exams

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the fourand indicate it by selecting the appropriate option.

I ______ not attend the party

A) probably be B) will be
C) won’t D) shall
 
Answer & Explanation Answer: D) shall

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Filed Under: English
Exam Prep: Bank Exams

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