Bank PO Questions


Q:

A merchant receives an invoice for a motor boat for $20 000 with terms 4/30, n/100. What is the highest simple interest rate at which he can afford to borrow money in order to take advantage of the discount?

A) 247.67 B) 237.67
C) 227.67 D) 215.67
 
Answer & Explanation Answer: A) 247.67

Explanation:

Suppose the merchant will take advantage of the cash discount of 4% of $20 000 = $800 by paying the bill within 30 days from the date of invoice. He needs to borrow $20 000 = $800 = $19 200. He would borrow this money on day 30 and repay it on day 100 (the day the original invoice is due) resulting in a 70-day loan. The interest he should be willing to pay on borrowed money should not exceed the cash discount $800.

 

r=I/pt=21.73%

 

The highest simple interest rate at which the merchant can afford to borrow money is 21.73%. This is a break-even rate. If he can borrow money, say at a rate of 15%, he should do so. He would borrow $19 200 for 70 days at 15%. Maturity value of the loan is $19 200(1+0.15(70/365))=$19 752.33

 

savings would be $20 000 − $19 752.33 = $247.67

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

1 4379
Q:

When is 99 more than 100?

Answer

A microwave.


Generally when you run a microwave for '99' it runs for 1 minute and 39 seconds. '100' runs for 1 minute.

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Subject: Arithmetical Reasoning Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

5 4377
Q:

Speed of laser printer is measured in

A) PPM B) CPM
C) LPM D) DPI
 
Answer & Explanation Answer: A) PPM

Explanation:

Now a days, printers we are using are called as laser printers. The speed of a laser printer is measured in PPM i.e, Pages Per Minute

 

speed_of_laser_printer_is_measured_in1553490856.jpg image

Laser printing is an electrostatic digital printing process. It produces high-quality text and graphics by repeatedly passing a laser beam back and forth over a negatively charged cylinder called a "drum" to define a differentially charged image.

 

Compared to inkjet printers which use ink for printing laser printers are more expensive as they use toner which lasts for long.

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

2 4375
Q:

The stability triangle is used to describe

Answer

The stability triangle is used to describe the movement of center of gravity of a load vehicle like trucks. If the load is not balanced then it moves and may tip over it.


 


                                         the_stability_triangle_is_used_to_describe1533620821.jpg image


 


If you were to raise a lift truck up and look at its underside, you would see that the support points for the truck are located at points A, B, and C. The triangle formed between points A, B, and C is called the Stability Triangle. The lift truck will not tip over as long as the center of gravity remains inside the triangle.


 


The center of gravity is the point within a lift truck where there is equal weight all around it.

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Subject: Physics Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO

3 4375
Q:

A lady took loan from a bank at the rate of 12% p.a. simple interest. After 3 years she had to pay Rs. 5400 interest only for the period. The principal amount borrowed by her was :

A) Rs. 15,000 B) Rs. 1,50,000
C) Rs. 1500 D) Rs. 1,62,000
 
Answer & Explanation Answer: A) Rs. 15,000

Explanation:

Principal = Rs.(100 x 5400)/(12 x 3)= Rs. 15000.

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Filed Under: Simple Interest
Exam Prep: AIEEE , Bank Exams , CAT , GATE , GRE
Job Role: Bank Clerk , Bank PO

3 4375
Q:

If A1, A2, A3, A4, ..... A10 are speakers for a meeting and A1 always speaks after, A2 then the number of ways they can speak in the meeting is 

A) 9! B) 9!/2
C) 10! D) 10!/2
 
Answer & Explanation Answer: D) 10!/2

Explanation:

As A1 speaks always after A2, they can speak only in  1st  to 9th places and 

 

A2 can speak in 2nd to 10 the places only when A1 speaks in 1st place 

 

A2 can speak in 9 places the remaining 

 

 A3, A4, A5,...A10  has no restriction. So, they can speak in 9.8! ways. i.e

 

when A2 speaks in the first place, the number of ways they can speak is 9.8!.

 

When A2 speaks in second place, the number of ways they can speak is  8.8!.

 

When A2 speaks in third place, the number of ways they can speak is  7.8!. When A2 speaks in the ninth place, the number of ways they can speak is 1.8!

 

 

 

Therefore,Total Number of ways they can  speak = (9+8+7+6+5+4+3+2+1) 8! = 92(9+1)8! = 10!/2

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

5 4373
Q:

How many Months of the year have 28 Days?

A) 12 B) 7
C) 5 D) 6
 
Answer & Explanation Answer: A) 12

Explanation:

We have 12 months.

In every month we get 28 or more days. 

So that implies we get 28 days in each and every month.

 

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

8 4370
Q:

Find the Missing Number Puzzle for the Given

number011517998001.jpg image

A) 8 B) 16
C) 9 D) 12
 
Answer & Explanation Answer: C) 9

Explanation:

Given

 

6 = 3 => Number of letters in SIX = 3

 

12 = 6 => Number of letters in TWELVE = 6

 

14 = 8 => Number of letters in FOURTEEN = 8

 

Similarly,

 

22 = 9 => Number of letters in TWENTY TWO = 9

 

 

 

 

 

Therefore, 22 = 9.

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