Bank PO Questions and Answers with Explanation, Job Roles

Q:

Calculate the effective interest rate of a 10% annual rate compounded continuously.

A) 9.52%	B) 10.52%
C) 11.52%	D) 12.52%

Answer & Explanation Answer: B) 10.52%

Explanation:

E=e^i-1

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

0 3087

Q:

Who wrote Das Kapital?

A) Max Weber	B) Karl Marx
C) Adam Smith	D) Vladmir Lenin

Answer & Explanation Answer: B) Karl Marx

Explanation:

Das Kapital, one of the major works of the 19th-century. Economist and philosopher Karl Marx (1818–83), wrote, in which he expounded his theory of the capitalist system, its dynamism, and its tendencies toward self-destruction.

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Filed Under: Books and Authors
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

6 3086

Q:

Who has topped the Forbes Magazine’s list of the world’s highest paid actors 2017 ?

A) Vin Diesel	B) Jacky Chan
C) Dwayne Johnson	D) Mark Wahlberg

Answer & Explanation Answer: D) Mark Wahlberg

Explanation:

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Filed Under: Famous Personalities
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

7 3085

Q:

At what temperature do the Fahrenheit and celcius scales give the same reading?

A) 212 degrees	B) 32 degreees
C) -40 degreees	D) 0 degreees

Answer & Explanation Answer: C) -40 degreees

Explanation:

We want the temperature when F=C.

We know that, $F = C x \frac{9}{5} + 32$

So substituting C For F, we have C = $- 40^{o}$

Therefore, C = -40.

Thus when C = -40, we have C = F

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Filed Under: Physics
Exam Prep: CAT , AIEEE
Job Role: Bank PO

17 3085

Q:

State funding of elections takes place in

A) France and Italy	B) USA and Canada
C) Germany and Austria	D) Britain and Switzerland

Answer & Explanation Answer: C) Germany and Austria

Explanation:

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

1 3084

Q:

India’s first multi-modal electric vehicle project has launched in which city ?

A) Jaipur	B) Nagpur
C) Shimla	D) New Delhi

Answer & Explanation Answer: B) Nagpur

Explanation:

India’s first multi-modal electric vehicle project has been inaugurated by the Union Road Transport and Highways Minister Nitin Gadkari, along with Maharashtra Chief Minister Devendra Fadnavis at the Nagpur Airport Complex to promote eco-friendly transport. With this, Nagpur became the first city in India to have electric mass mobility system with a fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos.

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Filed Under: General Awareness
Exam Prep: Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO

2 3084

Q:

A certain sum is invested for 2 years in scheme M at 20% p.a. compound interest (compounded annually), Same sum is also invested for the same period in scheme N at k% p.a. simple interest. The interest earned from scheme M is twice of that earned from scheme N. What is the value of k?

A) 7	B) 11
C) 9	D) 13

Answer & Explanation Answer: B) 11

Explanation:

Interest earned in scheme M =

$P [{(1 + \frac{20}{100})}^{2} - 1] = \frac{11 P}{25}$

Interest earned in scheme N =

$\frac{P x k x 2}{100} = \frac{P k}{50}$

Now, from the given data,

$\frac{11 P}{25} = 2 x \frac{P k}{50}$

k = 11

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

20 3083

Q:

The 2014-2015 interim budget implemented a subcharge of 10 percent on super-rich people who have having income above how much rupees in a financial year?

A) 50 Lakhs	B) 1 Crore
C) 2 Crore	D) 3 Crore

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