Bank Exams Practice Question and Answer

Q: Twelve children take sixteen days to complete a work which can be completed by 8 adults in 12 days. After working for 3 days, sixteen adults left and six adults and four children joined them. How many days will they take to complete the remaining work ? 1610 0

  • 1
    3 days
    Correct
    Wrong
  • 2
    2 days
    Correct
    Wrong
  • 3
    6 days
    Correct
    Wrong
  • 4
    12 days
    Correct
    Wrong
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Answer : 3. "6 days"
Explanation :

Answer: C) 6 days Explanation: From the given data, 12 children 16 days work,One child’s one day work = 1/192. 8 adults 12 days work,One adult’s one day’s work = 1/96. Work done in 3 days = ((1/96) x 16 x 3) = 1/2 Remaining work = 1 – 1/2 = 1/2 (6 adults+ 4 children)’s 1 day’s work = 6/96 + 4/192 = 1/12 1/12 work is done by them in 1 day. 1/2 work is done by them in 12 x (1/2) = 6 days.

Q: The average age of 80 boys in a class is 15. The average age of group of 15 boys in the class is 16 and the average of another 25 boys in the class is 14. What is the average age of the remaining boys in the class ? 1610 0

  • 1
    12.24 yrs
    Correct
    Wrong
  • 2
    13.25 yrs
    Correct
    Wrong
  • 3
    16 yrs
    Correct
    Wrong
  • 4
    15.25 yrs
    Correct
    Wrong
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Answer : 4. "15.25 yrs"
Explanation :

Answer: D) 15.25 yrs Explanation: Total ages of 80 boys = 15 x 80 = 1200 yrs.Total age of 16 boys = 15 x 16 = 240 yrsTotal age of 25 boys = 14 x 25 = 350 yrs.Average age of remaining boys = 1200 - (240+350) / 80 - (25+15) = 610/41 = 15.25 yrs.

Q: In economics, if a good is inelastic, 1610 0

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    its supply or demand is not sensitive to price changes.
    Correct
    Wrong
  • 2
    consumers have lost an interest in purchasing it.
    Correct
    Wrong
  • 3
    producers have lost an interest in manufacturing it.
    Correct
    Wrong
  • 4
    its supply or demand is too sensitive to price changes.
    Correct
    Wrong
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Answer : 1. "its supply or demand is not sensitive to price changes."
Explanation :

Answer: A) its supply or demand is not sensitive to price changes. Explanation: A good that is inelastic does not have very stretchy demand. In economic terms, the quantity demanded does not change a lot when the price changes. What do I mean by "does not change a lot"? If the percent change in quantity demanded is less than the percent change in price, economists label the demand for the good as inelastic.   So, if the price of a good increases by 10 percent and the quantity demanded decreases by only 5 percent, that good is said to have inelastic demand. The quantity demanded does not stretch much relative to the change in price.   Hence, in this case, consumers are not considered very sensitive, or responsive, to a change in the price of that good.

Q: What is the Capital city of Peru? 1609 0

  • 1
    Sucre
    Correct
    Wrong
  • 2
    Manama
    Correct
    Wrong
  • 3
    Lima
    Correct
    Wrong
  • 4
    Bogota
    Correct
    Wrong
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Answer : 3. "Lima"
Explanation :

Answer: C) Lima Explanation: Lima is the Capital of Peru and its Currency is Sol.

Q: The leading state in producing paper is 1609 0

  • 1
    Kerala
    Correct
    Wrong
  • 2
    Odisha
    Correct
    Wrong
  • 3
    Bihar
    Correct
    Wrong
  • 4
    West Bengal
    Correct
    Wrong
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Answer : 4. "West Bengal"
Explanation :

Answer: D) West Bengal Explanation:

Q: Who is the Indian writer of Mirror Image Shreemadbhagwad Gita? 1609 0

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Answer :
Explanation :

Piyush Goel

Q: 'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ? 1609 0

  • 1
    Nil Accounting Variation
    Correct
    Wrong
  • 2
    New Asset Venture
    Correct
    Wrong
  • 3
    Net Accounting Venture
    Correct
    Wrong
  • 4
    Net Asset Value
    Correct
    Wrong
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Answer : 4. "Net Asset Value"
Explanation :

Answer: D) Net Asset Value Explanation: Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

Q: Sriram was conducting an experiment in which the average of 11 observations came to be 92, while the average of first five observations was 89, and that of the last five was 86. What was the measure of the 6th observation ? 1608 0

  • 1
    134
    Correct
    Wrong
  • 2
    137
    Correct
    Wrong
  • 3
    139
    Correct
    Wrong
  • 4
    141
    Correct
    Wrong
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Answer : 2. "137"
Explanation :

Answer: B) 137 Explanation: This can be done as,   (11 × 92)  -  (5 × 89)  -  (5 × 86)    = 1012- 445 - 430 = 137

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