Bank PO Questions


Q:

What is the difference in the shares of profit between P and Q in a joint business at the end of one year ?

a. P Invested Rs. 80,000 and withdrew Rs. 20,000 after 6 months.

b. Q joined four months after the start of business.

c. Q's amount was 80% of P's amount during the last six months.

A) Only a B) Only c
C) Both a & b D) Data is not sufficient
 
Answer & Explanation Answer: D) Data is not sufficient

Explanation:

a. P's investment = (80000 x 6 + 60000 x 6) = 840000 for 1 month.

b & c. Q's investment = 80% of Rs. 60000 for 8 months.

= Rs.(48000 x 8) for 1 month = 384000 for 1 month

P : Q = 840000 : 384000 = 35 : 16.

But, the total profit is not given, so data is inadequate.

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

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Q:

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A) 75263.64 B) 76345
C) 76389 D) 56897
 
Answer & Explanation Answer: A) 75263.64

Explanation:

 

 

A=R[(1+i)^n-1]/i(1+i)^n

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

0 3974
Q:

A Bus travels first half distance between two places with a speed of 40 kmph and the rest half distance with a speed of 60 kmph. The average speed of the Bus is ?

A) 48 kmph B) 50 kmph
C) 46 kmph D) 42 kmph
 
Answer & Explanation Answer: A) 48 kmph

Explanation:

we know that speed = distance traveled/time taken
let the total distance traveled by the car is 2x km.
then time taken by it to cover first half is x/60 hour.
and for second half is x/40 hour.
Then average speed= total distance travelled / total time taken.

 

i.e. 2xx60+x40

 

=> 2x5x120

 

= 48 kmph.

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

1 3973
Q:

What was the topic of the book 'The Other America'?

A) Poverty was widespread in America. B) Education was lacking in America.
C) Racism was widespread in America. D) Americans needed more highways.
 
Answer & Explanation Answer: A) Poverty was widespread in America.

Explanation:

The book "The Other America" was written by Michael Harrington. The topic of the book 'The Other America' was Poverty was widespread in America.

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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT , GRE
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3 3972
Q:

The energy associated with motion is called

A) Potential energy B) Kinetic energy
C) Both A & B D) None of the above
 
Answer & Explanation Answer: B) Kinetic energy

Explanation:

Energy can be either a potential energy or a kinetic energy.

The energy associated with motion is called Kinetic energy and it can be stored. And the energy associated with position is called Potential energyand it cannot be stored.

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Filed Under: Physics
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8 3971
Q:

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

A) 7401.22 B) 3456
C) 4567 D) 7890
 
Answer & Explanation Answer: A) 7401.22

Explanation:

With slight modifications, the basic formula can be made to deal with compounding at intervals other than annually.

 

Since the compounding is done at six-monthly intervals, 4 per cent (half of 8 per cent) will be added to the value on each occasion.

 

Hence we use r = 0.04. Further, there will be ten additions of interest during the five years, and so n = 10. The formula now gives:

 

V = P(1 + r)10 = 5,000 x (1.04)10 = 7,401.22

 

Thus the value in this instance will be £7,401.22.

 

In a case such as this, the 8 per cent is called a nominal annual

 

rate, and we are actually referring to 4 per cent per six months.

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

1 3966
Q:

Antonym for Durable

A) Pressure B) Flimsy
C) Hard-wearing D) Withstand
 
Answer & Explanation Answer: B) Flimsy

Explanation:

Durable means able to withstand wear, pressure.

 

Antonyms for Durable are Delicate, Flimsy, Short-lived.

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Filed Under: Alphabet Test
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7 3963
Q:

A constructor estimates that 4 people can paint Mr. Karthik's house in 6 days. If he uses 5 people instead of 4, how long will they take to complete the job ?

A) 3 days B) 26/3 days
C) 13/4 days D) 24/5 days
 
Answer & Explanation Answer: D) 24/5 days

Explanation:

we know that m1 x d1 = m2 x d2
=> 4 x 6 = 5 x d
where d = no. of days taken by 5 men to paint
d = 24/5 days.

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Filed Under: Time and Work
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