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Learn BANK PO MCQs with answers [Page 1 of Department 123]

G

Geetam • 5.85K Points
Tutor III

1) In a coded language,BRINJAL is written as LAJNIRB.How will LADYFINGER be written in that code?

(A) RNEGIFYDAL
(B) RINEGIFYDAL
(C) REGNIFYDAL
(D) RGENIFYDAL
Correct Answer - Option (C)

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G

Geetam • 5.85K Points
Tutor III

2) If 'REASON' is coded as 5 and 'BELIEVED' as 7,what is the code number for 'GOVERNMENT'?

(A) 10
(B) 6
(C) 9
(D) 8
Correct Answer - Option (C)

Explanation :
Subtract one from number of alphabets in the given word Total number of alphabets in GOVERNMENT = 10. So the code for GOVERNMENT is 10-1 = 9

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I

Irfan • 5.26K Points
Tutor III

3) If the interest on Rs. 50 at 4.5 be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ?

(A) 2 years
(B) 4 years
(C) 6 years
(D) 3 years
Correct Answer - Option (B)

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I

Irfan • 5.26K Points
Tutor III

4) The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is ?

(A) Rs. 500
(B) Rs. 200
(C) Rs. 250
(D) Rs. 100
Correct Answer - Option (D)

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I

Irfan • 5.26K Points
Tutor III

5) The difference between the simple interest and the true discount on a certain sum of money for 6 months at 6% is Rs. 27. Find the sum?

(A) Rs. 30900
(B) Rs. 39000
(C) Rs. 20900
(D) Rs. 30600
Correct Answer - Option (A)

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I

Irfan • 5.26K Points
Tutor III

6) A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ?

(A) Gains Rs. 15
(B) Gains Rs. 3
(C) Gains Rs. 5
(D) Loses Rs. 5
Correct Answer - Option (C)

Explanation :
P.W. of Rs. 220 due 1 year hence = Rs. (100 x 220) / (100 + 10) = Rs. 200 hence, the man gains Rs. 5

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I

Irfan • 5.26K Points
Tutor III

7) What will be the true discount for the present worth of ₹ 600 for a period of 4 yr at 4% per annum rate of interest?

(A) ₹ 100
(B) ₹ 32
(C) ₹ 86
(D) ₹ 96
Correct Answer - Option (D)

Explanation :
Given that, T = 4 yr, R = 4% PW = ₹ 600 and TD = ? According to the formula, (1) TD = (PW x R x T)/100 TD = (600 x 4 x 4)/100 = 6 x 4 x 4 = ₹ 96

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I

Irfan • 5.26K Points
Tutor III

8) If the true discount for a sum of ₹ 50000 for a period of 4 yr at a certain rate of interest per annum is ₹ 2000, find the rate of interest. 

(A) 1%
(B) 1.5%
(C) 2%
(D) 5%
Correct Answer - Option (A)

Explanation :
Given that, PW =₹ 50000, TD =₹ 2000, T = 4 yr and R = ? According to the formula, (1) TD = (PW x R x T) / 100 ⇒ 2000 = (50000 x R x 4) / 100 ∴ R = (2000 x 100) / (50000 x 4) = 20/20 = 1%

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I

Irfan • 5.26K Points
Tutor III

9) Find the present worth of Rs. 264 due in 2 years reckoning simple interest at 5 percent per annum ?

(A) Rs. 240
(B) Rs. 360
(C) Rs. 540
(D) Rs. 260
Correct Answer - Option (A)

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I

Irfan • 5.26K Points
Tutor III

10) What is the present worth of Rs. 272.61 due in 2 years 73 days at 7.5 percent ?

(A) Rs. 334
(B) Rs. 254
(C) Rs. 234
(D) None of these
Correct Answer - Option (C)

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