Bank PO Questions


Q:

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A) Rs.5624.32 B) Rs.5423
C) Rs.5634 D) Rs.5976
 
Answer & Explanation Answer: A) Rs.5624.32

Explanation:

 

 

 

5% is the rate of interest. 20% of the interest amount is paid as tax.

 

i.e  80% of the interest amount stays back.

 

 if we compute the rate of interest as 80% of 5% = 4% p.a., we will get the same value.

  

The interest accrued for 3 years in compound interest = 3 x simple interest on principal + 3 x interest on simple interest + 1 x interest on interest on interest.

 

= 3 x (200) + 3 x (8) + 1 x 0.32 =600 + 24 + 0.32 = 624.32

 

 

 

The amount at the end of 3 years = 5000 + 624.32 = 5624.32

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

26 23806
Q:

9 men and 12 boys finish a job in 12 days, 12 men and 12 boys finish it in 10 days. 10 men and 10 boys shall finish it in how many days ?

A) 15 days B) 11 days
C) 14 days D) 12 days
 
Answer & Explanation Answer: D) 12 days

Explanation:

9M + 12B ----- 12 days ...........(1)
12M + 12B ------- 10 days........(2)
10M + 10B -------?
108M + 144B = 120M +120B
24B = 12M => 1M = 2B............(3)

From (1) & (3)

18B + 12B = 30B ---- 12 days

20B + 10B = 30B -----? => 12 days.

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Filed Under: Time and Work
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

22 23763
Q:

The famous Rock Garden is located in which city?

A) Jaipur B) Simla
C) Lucknow D) Chandigarh
 
Answer & Explanation Answer: D) Chandigarh

Explanation:

The famous Rock Garden which is also known as Nek Chand's Rock Garden after its founder Nek Chand, a government official who started the garden secretly in his spare time in 1957 is in the city Chandigarh.

 

The Rock Garden of Chandigarh is a sculpture garden in Chandigarh, India.

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97 23761
Q:

Where does Friday come before Thursday?

Answer

In the dictionary, we get Friday before Thursday. Since, in the dictionary all the words are in alphabetical order, and according to it F comes first than T.

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Subject: Logic Puzzles Exam Prep: AIEEE , Bank Exams , GRE , TOEFL
Job Role: Analyst , Bank Clerk , Bank PO

150 23733
Q:

Rs.1200 divided among P, Q and R. P gets half of the total amount received by Q and R. Q gets one-third of the total amount received by P and R. Find the amount received by R ?

A) Rs. 1100 B) Rs. 500
C) Rs. 1200 D) Rs. 700
 
Answer & Explanation Answer: B) Rs. 500

Explanation:

Let the amounts to be received by P, Q and R be p, q and r.
p + q + r = 1200
p = 1/2 (q + r) => 2p = q + r

Adding 'p' both sides, 3p = p + q + r = 1200
=> p = Rs.400

q = 1/3 (p + r) => 3q = p + r

Adding 'q' both sides, 4q = p + q + r = 1200
=> q = Rs.300

r = 1200 - (p + q) => r = Rs.500.

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

18 23725
Q:

Which figure completes the series?

 

Question Figures ::                    Answer Figures ::

101558010123.png image

   A      B      C       D          E            1     2      3        4       5

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

Explanation:

The pattern followed in the given figures is

 

 

 

One, two, three, one, two, three.....arcs get inverted sequentially. This inversion takes place in an Anti Clock Wise direction.

 

 

 

 

 

 

 

Hence, figure 1) will come in the next to complete the series.

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Filed Under: Pattern Completion
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk , Analyst

18 23679
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 23566
Q:

In a Plane there are 37 straight lines, of which 13 pass through the point A and 11 pass through the point B. Besides, no three lines pass through one point, no lines passes through both points A and B , and no two are parallel. Find the number of points of intersection of the straight lines.

A) 525 B) 535
C) 545 D) 555
 
Answer & Explanation Answer: B) 535

Explanation:

The number of points of intersection of 37 lines is C237. But 13 straight lines out of the given 37 straight lines pass through the same point A.

 

Therefore instead of getting C213 points, we get only one point A. Similarly 11 straight lines out of the given 37 straight lines intersect at point B. Therefore instead of getting C211 points, we get only one point B.

 

 Hence the number of intersection points of the lines is C237-C213-C211 +2 = 535

 

 

 

 

 

 

 

  

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Filed Under: Permutations and Combinations
Exam Prep: CAT , Bank Exams , AIEEE
Job Role: Bank PO , Bank Clerk

43 23544