Practice Question and Answer
8 Q: A certain amount of money earns ₹ 540 as simple interest in 3 years. If it earns compound interest of ₹ 376.20 at the same rate of interest in 2 years, find the principal (in Rupees).
1425 05f16cd1a9a713b0717cd9996
5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
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Answer : 2. "2000 "
Q: A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound at the rate of 20 % per annum, 15 % per annum and 10 % per annum respectively, then what will be the ratio of their amounts after 1 year?
1629 05f16cb1b8cf3201b6328181d
5f16cb1b8cf3201b6328181d- 136:46:55true
- 212:23:11false
- 33:15:25false
- 46 : 6 : 5false
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Answer : 1. "36:46:55 "
Q: The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 15 year?
1634 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
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Answer : 3. "50"
Q: The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is
1267 05f16c441cf79540a753983b7
5f16c441cf79540a753983b7- 115000false
- 232250false
- 310000true
- 420000false
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Answer : 3. "10000 "
Q: A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000.
1580 05f16c2698cf3201b6327e6a4
5f16c2698cf3201b6327e6a4- 16false
- 28false
- 32false
- 44true
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Answer : 4. "4 "
Q: The amount on ₹ 25000 in 2 years at annually compound interest. if the rate for the successive years be 4 % and 5 % per annum respectively is
1167 05f16bad38cf3201b6327c6e6
5f16bad38cf3201b6327c6e6- 1₹ 28500false
- 2₹ 30000false
- 3₹ 26800false
- 4₹ 27300true
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Answer : 4. "₹ 27300 "
Q: Which of the following monetary policy instruments is used by the RBI to control inflation?
1460 05f16b980cf79540a753942ee
5f16b980cf79540a753942ee- 1Fiscal tractionfalse
- 2Austerity measuresfalse
- 3Repo ratetrue
- 4Fiscal boostfalse
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Answer : 3. "Repo rate"
Q: In what time will ₹ 64,000 amount to ₹ 68,921 at 5 % per annum interest being compounded half yearly?
1399 05f16b98d9a713b0717cd4699
5f16b98d9a713b0717cd4699- 1$$3{1\over 2}\ years$$false
- 2$$2{1\over 2}\ years$$false
- 3$$1{1\over 2}\ years$$true
- 4$$1{3\over 2}\ years$$false
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