Bank PO Questions


Q:

Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

A) Rs.2543 B) Rs.2534
C) Rs.2546 D) Rs.2750
 
Answer & Explanation Answer: D) Rs.2750

Explanation:

 

Shawn received an extra amount of (Rs.605 – Rs.550) Rs.55 on his compound interest paying bond as the interest that he received in the first year also earned interest in the second year.

 

The extra interest earned on the compound interest bond = Rs.55

 

The interest for the first year =550/2 = Rs.275

 

Therefore, the rate of interest =55275*100= 20% p.a.

 

20% interest means that Shawn received 20% of the amount he invested in the bonds as interest.

 

If 20% of his investment in one of the bonds = Rs.275, then his total investment in each of the  bonds =27520*100 = 1375. 

As he invested equal sums in both the bonds, his total savings before investing = 2 x 1375 =Rs.2750.

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

12 11983
Q:

Oldest Oil Field in India

A) Mumbai High, Maharashtra B) Anleshwar, Gujarat
C) Digboi, Assam D) None
 
Answer & Explanation Answer: C) Digboi, Assam

Explanation:

Digboi has the distinction of being India's oldest continuously producing oilfield. Digboi refinery, now a division of Indian Oil Corporation, had a capacity of about 0.65 MMTPA as of 2003. Digboi is now Headquarter of Assam Oil Division of Indian Oil Corporation Limited, though the crude production is not high today.

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27 11976
Q:

Twenty times a positive integer is less than its square by 96. What is the integer ?

A) 42 B) 36
C) 48 D) 24
 
Answer & Explanation Answer: D) 24

Explanation:

Let the integer be x. Then,

x2 - 20x = 96

(x + 4)(x - 24) = 0

x = 24

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

12 11964
Q:

A wholesale dealer allows a discount of 20 % on the marked price to the retailer. The retailer sells at 5% below the marked price. If the customer pays Rs.19 for an article, what profit is made by the retailer on it ?

A) Rs. 4 B) Rs. 3
C) Rs. 5 D) Rs. 1
 
Answer & Explanation Answer: B) Rs. 3

Explanation:

Let wholesaler dealers marked price = 100%, Retailer's C.P = 80%
And the retailer sells at 5% less than the marked price => S.P = 95%
If S.P of 95% of the retailer costs Rs.19 to customer,so its C.P of 80% will cost 80 x 19/95 = 16
Profit made by the retailer = 19-16 =  Rs.3

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

11 11945
Q:

Train K crosses a stationary Train L in 50 seconds and a pole in 20 seconds with the same speed. The length of the Train K is 240 meters. What is the length of stationary Train L ?

A) 60 mts B) 120 mts
C) 240 mts D) 360 mts
 
Answer & Explanation Answer: D) 360 mts

Explanation:

Speed of the Train K is given by s = d/t = 240/20 = 12 m/s
Distance covered by Train K in 50 seconds = 12 x 50 = 600 mts.
But it crosses Train L in 50 seconds
Therefore, the length of the Train L is = 600 - 240 = 360 mts.

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

10 11937
Q:

Delayed payload of some viruses is also called as _____

A) Bomb B) Late - Virus
C) Time D) Anti-virus
 
Answer & Explanation Answer: A) Bomb

Explanation:
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Filed Under: Computer
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

22 11922
Q:

Microphone : Loud :: Microscope : ?

A) Investigate B) Magnify
C) Examine D) Elongate
 
Answer & Explanation Answer: B) Magnify

Explanation:

As Microphone makes sound louder similarly Microscope makes the object magnified.

 

Hence, Microphone : Loud :: Microscope : Magnify.

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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

5 11921
Q:

Five boxes of bananas sell for Rs. 30. how many boxes can you buy for Rs.9?

A) 2 B) 1.5
C) 1.25 D) 2.5
 
Answer & Explanation Answer: B) 1.5

Explanation:

Given Five boxes of bananas sell for Rs. 30.

=> 1 Box of Bananas for = 30/5 = Rs. 6

 

Then, for Rs. 9

=> 9/6 = 3/2 = 1.5

 

Hence, for Rs. 9, 1.5 box of bananas can buy.

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

25 11909