The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these

The rate of Simple Interest in UBI & BOI are in the ratio of 5:4. Mr.Naveen wants to deposit his total savings in two banks in such a way that he receive equal half-yearly interest from both banks.He should deposit in both banks UBI & BOI in the ratio of a) 2:5 b) 1:5 c) 4:5 d) 3:5 e) None of these
by

1 Answer

Answer :

R1 =5x R2=4x T1=T2=1/2 yr
[P1*5x*(1/2)]/100 = [P2*4x*(1/2)]/100
P1:P2 = 4:5
Answer: c)
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Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Description : Mr. Sathyan invested Rs.20, 000/- with rate of interest@20 p.c.p.a. The interest was compounded half yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? a) Rs.7600 b) Rs. 9040 c) Rs. 8750 d) Rs. 6900

Last Answer : Total interest = 20000 × 110/100 × 110/100 × 120/100 - 20000 = 29040 - 20000= Rs. 9040 Answer: b)

Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Description : Shweta deposits a certain amount on 1st January and 1st July (Same amount on both days) in a bank that offers 5% compound interest, compounded half-yearly. Shweta gains interest of Rs.121 at the end of the year. How much money did Shweta deposit? a) 1200 b) 1300 c) 1400 d) 1500 e) 1600

Last Answer : Let the amount be P Half yearly rate = 5/2 = 2.5% For the deposit on January, Amount = P (1 + 2.5 / 100)2 For the deposit on July, Amount = P (1 + 2.5 /100) We can solve the question by ... Amount in July = 1600 1.025 = 1640 So total interest = 81 + 40 = 121 Required answer is 1600 Answer: e)

Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a total simple interest of 19,550 at the end of 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Description : Ravi borrowed some money at the rate of 4 p.c.p.a. for the first three years, at the rate of 8 p.c.p.a. for the next two years and at the rate of 9 p.c.p.a. for the period beyond 5 years. If he pays a ... 7 years, how much money did he borrow? a) 39,500 b) 42,500 c) 41,900 d) 43,000 e) None of these

Last Answer : Let the amount borrowed be Rs P Total amount of simple interest = (P×3×4)/100 + (p×2×8)/100 + (p×2×9)/100 = 19550 0.12P + 0.16P + 0.18P = 19550 0.46p= 19550 P = Rs. 42500 Answer: b)

Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including dividend in the ratio of 6 : 7 in Debt and Equity Funds. If the amount reinvested in Equity Funds was Rs. 94,500/-, what was the original amount invested in Equity Funds? (a) Rs. 75,000/- (b) Rs. 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Description : Mr. Xavier invested a certain amount in Debit and Equity funds in the ratio of 4 : 5 respectively. At the end of one year, he earned a total dividend of 30% on his investment. After one year he reinvested the amount including ... . 81,000/- (c) Rs. 60,000/- (d) Rs. 65,000/- (e) None of these

Last Answer : (a) Rs. 75,000/-

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Some amount out of Rs. 10000 was lent at 6 % p.a. and the remaining at 4% p.a. If the total simple interest from both the fractions in 5 years was Rs. 1500, then the ratio of the 2 different amount is A)1:3 B)3:1 C)1:4 D)3:2

Description : Some amount out of Rs. 10000 was lent at 6 % p.a. and the remaining at 4% p.a. If the total simple interest from both the fractions in 5 years was Rs. 1500, then the ratio of the 2 different amount is A)1:3 B)3:1 C)1:4 D)3:2

Last Answer : A)1:3

What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Description : What has cidney savings account with National Bank. She earns 4 interest compounded yearly on 1250.00. What amount will she receive in interest in three years?

Last Answer : What is the answer ?

A sum of Rs. 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was Rs. 400. The ratio of the money lent at 8% to that lent at 5% is? (a) 15:16 (b) 16:17 (c) 19:17 (d) 21:26 (e) 20:17

Description : A sum of Rs. 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was Rs. 400. The ratio of the money lent at 8% to that lent at 5% is? (a) 15:16 (b) 16:17 (c) 19:17 (d) 21:26 (e) 20:17

Last Answer : (a) 15:16

When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Description : When Valentina invested 6500 in a savings account with a yearly interest of 4 for 7 years how much simple interest did she earn?

Last Answer : 1,820-apex test answer

Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If Ashwin gained Rs.618/- in the whole transaction, then what sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Description : Ashwin borrowed a sum of Rs.6, 300 from Mishra at the rate of 14% for 3 years. He then added some more money to the borrowed sum and lent it to Ramesh at the rate of 16% of simple interest for the same time. If ... sum did he lend to Ramesh? a) Rs.6600 b) Rs.6800 c) Rs.4800 d) Rs.9800 e) Rs.8500

Last Answer : Suppose Ashwin lend Rs. x to Ramesh then, Xx16x3/100 - (X – 6300) × 14 × 3/100 = 618......(1) From equation I , x = Rs. 6800 Answer: b)

Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Description : Banks can not generally accept interest-free deposits. which of the following is an exception to this rule? A. Current Account B. Savings Account of Minors C. Deposit from Minority groups D. BSBDA E. None of the Above

Last Answer : A. Current Account Explanation: Banks cannot accept interest free deposits other than in current account.

Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs. 8000 for 2 years at 10% per annum. The sum placed on simple interest is: a) Rs.4200 b) b)Rs.4250 c) Rs.5250 d) Rs.5200 e) Rs.4000

Description : Simple interest on a certain sum of money for 4 years at 5% per annum is half the compound interest on Rs. 8000 for 2 years at 10% per annum. The sum placed on simple interest is: a) Rs.4200 b) b)Rs.4250 c) Rs.5250 d) Rs.5200 e) Rs.4000

Last Answer : a C.I = 8000 * (1+(10/100))2 –8000  = 8000 *110/100 * 110/100 – 8000 = 9680 – 8000 = Rs.1680 Therefore, S.I = C.I / 2 = 1680 / 2=Rs. 840 840 = sum * 4 * 5 / 100 :. Sum = Rs.(840 * 100)/ (4 *5) = Rs.4200

Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Description : Two equal sums are lent at the same time at 6% and 5 % simple interest respectively. The former is recovered 24 months earlier than the latter. And the amount in each case is Rs. 2400. Find the sum of money lent initially. a) 1500 b) 2000 c) 2400 d) 3000 e) 3600

Last Answer : Let the sum be S, time be ‘n’ years for 6%. n+2 years for 5% 2400 = S + S ×n × 6/100 2400 = S + S × (n+2) × 5/100 So, 6n = 5(n+2) or n = 10 years. 2400 = S + S × 10 × 6/100 = 1.6S S = 2400/1.6 = 1500 Answer: a)

An amount becomes 160% of itself in 5 years through simple interest. At the same rate of interest, how long will it take for the amount to more than double itself if we use compound interest? a) 7 b) 8 c) 9 d) 10 e) cannot be determined

Description : An amount becomes 160% of itself in 5 years through simple interest. At the same rate of interest, how long will it take for the amount to more than double itself if we use compound interest? a) 7 b) 8 c) 9 d) 10 e) cannot be determined

Last Answer : Answer: a)

The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/-

Description : The compound interest accrued on an amount of Rs. 25,500 at the end of three years is Rs. 8,440.5.What would be the simple interest accrued on the same amount at the same rate in the same period? a) Rs. 5,450/- b) Rs. 8,750/- c) Rs. 4,350/- d) Rs. 3,650/- e) Rs. 7,650/- 

Last Answer : A = P + Interest = 25500 + 8440.5 = 33940.5 A = P + 1 + (R/100)^3 33940.5 = 25500 a + R/100)^3 a + R/100)^3 = 33940.5 / 25500 a + R/100)^3 = 1.331 a + R/100)^3 = ... R = 10% Simple Interest = Principle Rate Time / 100 = 25500 10 3/100 = 7650 Answer: e)

A sum of Rs. 1521 is lent out in two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum? (a) Rs.946 and Rs.565 (b) Rs.986 and Rs.515 (c) Rs.956 and Rs.505 (d) Rs.936 and Rs.585 (e) None of the above

Description : A sum of Rs. 1521 is lent out in two parts in such a way that the interest on one part at 10% for 5 yr is equal to that of another part at 8% for 10 yr. What will be the two parts of sum? (a) Rs.946 and ... ) Rs.986 and Rs.515 (c) Rs.956 and Rs.505 (d) Rs.936 and Rs.585 (e) None of the above

Last Answer : (d) Rs.936 and Rs.585

Difference between the compound interest and the simple interest accrued on an amount of Rs. 18000 in two year is Rs. 405. What was the rate of interest? 1) 14% 2) 16% 3) 12.5% 4) 15% 5) 15.5%

Description : Difference between the compound interest and the simple interest accrued on an amount of Rs. 18000 in two year is Rs. 405. What was the rate of interest? 1) 14% 2) 16% 3) 12.5% 4) 15% 5) 15.5%

Last Answer : 4) 15%

A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Description : A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Last Answer : (c) Rs.800

Mr. Sachin spent 20% of his monthly income on food and 15% on children’s education. 40% of the remaining he spent on entertainment and transport together and 30% on the medical. He is left with an amount of Rs.8, 775/- after all these expenditures. What is Mr. Sachin’s monthly income ?

Description : Mr. Sachin spent 20% of his monthly income on food and 15% on children's education. 40% of the remaining he spent on entertainment and transport together and 30% on the medical. He is left with an amount of Rs.8, 775/- after ... 000/- b) Rs.46,000/- c) Rs.36, 000/- d) Rs.29,000/- e) None of these

Last Answer : Let the total income of Mr.Sachin be 100 According to question, 100 – 20 –15 = 65 × 60/100 × 70/100 = 27.3. 27.3 = 100 8775 = 100/27.3 × 8775 = Rs. 32142. Answer: e)

The average monthly expenditure of a family was Rs. 2200 during the first 3 months; Rs. 2250 during the next 4 months and Rs. 3120 during the last 5 months of a year. If the total savings during the year were Rs. 1260, then the average monthly income was: a) Rs. 2605 b) Rs. 2680 c) Rs. 2705 d) Rs. 2745 e) Rs. 2595

Description : The average monthly expenditure of a family was Rs. 2200 during the first 3 months; Rs. 2250 during the next 4 months and Rs. 3120 during the last 5 months of a year. If the total savings during the year were Rs. 1260 ... income was: a) Rs. 2605 b) Rs. 2680 c) Rs. 2705 d) Rs. 2745 e) Rs. 2595

Last Answer : Total expenditure for first 3 months = 2200 3 = Rs 6600 Total expenditure for next 4 months = 2250 4 = Rs9000 Total expenditure for last 5 months = 3120 5 = Rs 15600 Total expenditure = 6600 + ... + savings = 31200 + 1260 = Rs 324060 Average monthly income = 32460/12 = Rs 2705 Answer: c)

The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Description : The annual payment of Rs. 200 in 5 yr at 5% per annum simple interest will discharge a debt of? (a) Rs. 950 (b) Rs. 800 (c) Rs. 1000 (d) Rs. 1250 (e) None of the above

Last Answer : e) None of the above

What is the interest rate on savings deposit ?

Description : What is the interest rate on savings deposit ?

Last Answer : Interest rate on savings deposit is about 8%.

2/3 part of the sum is lent out at 3%, 1/6 part is lent out at 6% and remaining part at 12%. All the three parts are lent out at simple interest. If the annual income is Rs. 35, what is the sum? (a) Rs.500 (b) Rs.600 (c) Rs.700 (d) Rs.850 (e) Rs.950

Description : 2/3 part of the sum is lent out at 3%, 1/6 part is lent out at 6% and remaining part at 12%. All the three parts are lent out at simple interest. If the annual income is Rs. 35, what is the sum? (a) Rs.500 (b) Rs.600 (c) Rs.700 (d) Rs.850 (e) Rs.950

Last Answer : (c) Rs.700

Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Description : Effective and nominal interest rates are equal, when the interest is compounded (A) Annually (B) Fortnightly (C) Monthly (D) Half-yearly

Last Answer : (A) Annually

Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Description : Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Last Answer : Conventional banks or associations are based on interest economy. The exchange of interest is the main work of these banks or associations. In the present capitalist economy, these banks are the main means of ... 3 More See books like Ahsanul Fatawa-3/209 , Imdadul Fatawa-1/411 , Gunia-480 etc.

A present sum of Rs. 100 at the end of one year, with half yearly rate of interest at 10%, will be Rs. (A) 121 (B) 110 (C) 97 (D) 91

Description : A present sum of Rs. 100 at the end of one year, with half yearly rate of interest at 10%, will be Rs. (A) 121 (B) 110 (C) 97 (D) 91

Last Answer : (A) 121

If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Description : If the interest rate of 10% per period is compounded half yearly, the actual annual return on the principal will be __________ percent. (A) 10 (B) 20 (C) > 20 (D) < 20

Last Answer : (C) > 20

Mr. Shrimant inherits 4325 gold coins and divides them among his three sons; Bharat, Parat and Marat; in a certain ratio. Out of the total coins received by each of them, Bharat sells 40 coins; Parat donates his 20 coins and Marat loses 30 coins. Now, the ratio of gold coins with them is 41:34:46, respectively. How many coins did Parat receive from his father? a) 1210 b) 1211 c) 1212 d) 1213 e) None of these

Description : Mr. Shrimant inherits 4325 gold coins and divides them among his three sons; Bharat, Parat and Marat; in a certain ratio. Out of the total coins received by each of them, Bharat sells 40 coins; Parat donates his ... did Parat receive from his father? a) 1210 b) 1211 c) 1212 d) 1213 e) None of these 

Last Answer : Answer: A 41x+40+34x+20+46x+30=4325 =>121x=4325-90 =>x=35 Required answer, number of coins received by parat =34x+20=34×35+20=1210

What banks offer High Interest Rate Savings Accounts?

Description : What banks offer High Interest Rate Savings Accounts?

Last Answer : AIG online savings accounts seem to offer the best interest rates. As for brick-and-mortar banks, rates don't differ much, maxing out at around 2%.

What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Description : What banks offer a High Interest Rate Savings Account in Wilmington, NC?

Last Answer : You have several banks to choose from for a good rate. I would use Bank of America.

Father is aged three times more than his son Mohit. After 8 years, he would be two and a half times of Mohit’s age. After further 8 years, how many times would he be of Mohit’s age? A.4 B.2 C.2.5 D.3 E.None of these

Description : Father is aged three times more than his son Mohit. After 8 years, he would be two and a half times of Mohit’s age. After further 8 years, how many times would he be of Mohit’s age? A.4 B.2 C.2.5 D.3 E.None of these

Last Answer : Answer – B (2) Explanation – Let Monit’s present age be X years. Then, father’s present age = (X + 3X) years = 4X years. (4X + 8) =5/2 x (X + 8) 8X + 16 = 5X + 40 3X = 24 so, X=8 Hence, required ratio = (4X + 16) / (X + 16)=48 / 24 = 2

Rubesh generally takes 80 minutes to reach home from office. Due to rain, he travelled at 2/3rd of his usual speed for the 1st half of the distance. At what speed should rubesh travel the remaining distance to reach home on time? a) 1.5 times the original speed b) 2 times the original speed c) 2.5 times the original speed d) 3 times the original speed e) Cannot reach on time

Description : Rubesh generally takes 80 minutes to reach home from office. Due to rain, he travelled at 2/3rd of his usual speed for the 1st half of the distance. At what speed should rubesh travel the remaining distance ... c) 2.5 times the original speed d) 3 times the original speed e) Cannot reach on time

Last Answer : Under the normal speed, 40 minutes for half the distance Due to rain, time taken will be 40 / (2/3) = 40 × (3/2) = 60 minutes So, in 20 minutes he has to cover the distance he usually covers in 40 minutes. So, he has to travel at twice the original speed. Answer: b)

In a business P and R invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by P and Q was 3 : 2 . If Rs. 2,236 was their profit, how much amount did Q receive ? A.Rs.650 B.Rs.688 c.Rs.588 D.Rs.490

Description : In a business P and R invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by P and Q was 3 : 2 . If Rs. 2,236 was their profit, how much amount did Q  receive ? A.Rs.650 B.Rs.688 c.Rs.588 D.Rs.490

Last Answer : Answer- B(Rs.688 ) Solution : P : Q = 3 : 2 , P : R = 2 : 1 [given] Q : P = 2 : 3 [reverse], Q : P = 4 : 6 [multiply by 2] Now, P : R = 2 : 1 P : R = 6 : 3 [multiply by 3] P : Q =6 : 4 [after x3] , So Q : P : R = 4 : 6 : 3 or, P : Q : R = 6 : 4 : 3 Q’s share= 4/13 x 2236=Rs.688

A, B and C enter into a partnership and their shares are in ratio 1/2 : 1/3 : 1/4, after 2 months, A withdraws half of his capital and after 12 months, a profit of Rs 1050 is divided among them. What is B’s share ? A.Rs.420 B.Rs. 300 C.Rs.400 D.Rs.350

Description : A, B and C enter into a partnership and their shares are in ratio 1/2 : 1/3 : 1/4, after 2 months, A withdraws half of his capital and after 12 months, a profit of Rs 1050 is divided among them. What is B’s share ? A.Rs.420 B.Rs. 300 C.Rs.400 D.Rs.350

Last Answer : Answer- C(Rs.400) Explanation : Ratio of investments =1/2 : 1/3 : 1/4 , LCM of 2, 3, 4 = 12 ,multiply ratios with 12 we get 6 : 4 : 3 , so,initial investment be 6x, 2x and 3x so, we can write: A : B :C =(6x X 2 + 3x X 10 ) : (4x X 12) :(3x X 12) = 7:8:6 B’s share= (8/21) x 1050 = 400

A man who makes a profit of 25 percent by selling sugar at Rs. 4.25/kg., lowers his price so as to gain only 5 paise per Kg. In what ratio must his sales be increased so that his total profit may be the same as before? a) 1 : 5 b) 1 : 11 c) 1 : 13 d) 1 : 17 e) 1 : 21

Description : A man who makes a profit of 25 percent by selling sugar at Rs. 4.25/kg., lowers his price so as to gain only 5 paise per Kg. In what ratio must his sales be increased so that his total profit may be the same as before? a) 1 : 5 b) 1 : 11 c) 1 : 13 d) 1 : 17 e) 1 : 21

Last Answer : 125% C.P. of sugar per kg = Rs. 4.25 C.P of the sugar per kg = [4.25×100] / 125 = Rs. 3.40. thus, the profit on 1 kg 85 paise by reducing price to 5 paise, to make same profit he must sell, 85/5 = 17kg so required ratio = 1 : 17. Answer: d)

If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

Description : If the compound interest accrued on an amount of Rs.15,000/- in two years is Rs.2,496/-.What is the rate of interest p.c.p.a.? a) 8 b) 12 c) 7.5 d) Cannot be determined e) None of these

Last Answer : Let the rate of interest p.c.p.a. be x. 2496 =15000 * x /100 x = 16.64 16.64 is the rate of interest compounded for two year & for one year = 8% 8% C.I. table for two year. I year = 8% II year = 8.64 Total =16.64% Answer: a)

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

According to Godrich the ratio of peak demand rate to mean demand is (A) Max. weekly demand/Average weekly demand = 148% (B) Max. monthly demand/Average monthly demand = 128% (C) Max. half yearly demand/Average half yearly demand = 107% (D) All the above

Description : According to Godrich the ratio of peak demand rate to mean demand is  (A) Max. weekly demand/Average weekly demand = 148%  (B) Max. monthly demand/Average monthly demand = 128%  (C) Max. half yearly demand/Average half yearly demand = 107%  (D) All the above 

Last Answer : (D) All the above 

What are the typical minimum deposit requirements for high interest savings accounts?

Description : What are the typical minimum deposit requirements for high interest savings accounts?

Last Answer : I have found to get more than 1.5 % return on savings, you need a minimum of $10,000 to be invested.

Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Description : Bank Rate refers to the interest rate at which - (1) Commercial banks receive deposits from the public (2) Central bank gives loans to Commercial banks (3) Government loans are floated (4) Commercial banks grant loans to their customers

Last Answer : (2) Central bank gives loans to Commercial banks Explanation: Bank rate is the interest rate at which a nation's central bank lends money to domestic banks. Often these loans are very short in duration.

The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Description : The ratio of a bank's cash holdings to its total deposit liabilities is called the - (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Last Answer : (2) Cash Reserve Ratio Explanation: Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI. If the central bank decides to increase the CRR, the avail-able amount with the banks comes down. The RBI uses the CRR to drain out excessive money from the system.

The ratio of a bank’s cash holdings to its total deposit liabilities is called the (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Description : The ratio of a bank’s cash holdings to its total deposit liabilities is called the (1) Variable Reserve Ratio (2) Cash Reserve Ratio (3) Statutory Liquidity Ratio (4) Minimum Reserve Ratio

Last Answer : Cash Reserve Ratio

A man drives from his house to the station. If he drives at the rate of 10 kms per hour, he reaches the station at 6 pm. if he drives at 15 kms per hour, he would reach the station at 4 pm. At what speed, in kms per hour, should he drives so as to reach the station at 5 pm? a) 12 b) 12.33 c) 5√5 d) 12.5 e) 13

Description : A man drives from his house to the station. If he drives at the rate of 10 kms per hour, he reaches the station at 6 pm. if he drives at 15 kms per hour, he would reach the station at 4 pm. At what speed, in kms ... he drives so as to reach the station at 5 pm? a) 12 b) 12.33 c) 5√5 d) 12.5 e) 13

Last Answer : Let x' be the distance between house and station. Time taken to travel a distance of x at the speed of 10km/hr, T1 = x/10 hours Time taken to travel a distance of x at the speed of 15km/hr, T2 = x/15 hours we ... the station at 5 pm, speed = 60/5 = 12 km/hr [12 pm - 5pm, time = 5 hours] Answer: a)

Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his profit/loss percentage. If 25% of the total cost price (i.e., purchased price + expenses) is to be deducted on account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Description : Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his ... account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Last Answer : d)11 1/9% loss 

A man sells two houses at the rate of Rs.1.995 lakh each. On one he gains 5% and on the other he loses 5%. His gain or loss per cent in the whole transaction is a) 0.25% loss b) 0.25% gain c) 2.5% loss d) 2.5% gain e) 1.25% loss

Description : A man sells two houses at the rate of Rs.1.995 lakh each. On one he gains 5% and on the other he loses 5%. His gain or loss per cent in the whole transaction is a) 0.25% loss b) 0.25% gain c) 2.5% loss d) 2.5% gain e) 1.25% loss

Last Answer : a) 0.25% loss

Anwar and Bhaskar started a business with investments of Rs.15000 and Rs.24000. At the end of 4 months from the start of the business, both withdrew one-third of their respective capital. Find the ratio of their profits in the total profit at the end of one year. a)1:2 b)3:4 c)4:5 d)5:8

Description : Anwar and Bhaskar started a business with investments of Rs.15000 and Rs.24000. At the end of 4 months from the start of the business, both withdrew one-third of their respective capital. Find the ratio of their profits in the total profit at the end of one year. a)1:2 b)3:4 c)4:5 d)5:8

Last Answer : d)5:8

The sum of ages of family members (both children and parents) is 360 years.The total ages of children and parents are in the ratio 2:1 and the ages of wife and husband are in the ratio 5:7.What will be the age of husband? A.65 B.75 C.72 D.70

Description : The sum of ages of family members (both children and parents) is 360 years.The total ages of children and parents are in the ratio 2:1 and the ages of wife and husband are in the ratio 5:7.What will be the age of husband? A.65 B.75 C.72 D.70

Last Answer : Answer : D (70) ExplanationSum of ages is 360 years.The ratio of children and parents ages is 2:1. Total age of parents = 360 x 1 / 3 = 120 years Ratio of wife and husband age is 5:7. Therefore, the age of husband = 120 x 7 / 12 = 70 Hence the age of husband is 70 years.

The sum of ages of family members (both children and parents) is 360 years.The total ages of children and parents are in the ratio 2:1 and the ages of wife and husband are in the ratio 5:7.What will be the age of husband? A.65 B.75 C.72 D.70

Description : The sum of ages of family members (both children and parents) is 360 years.The total ages of children and parents are in the ratio 2:1 and the ages of wife and husband are in the ratio 5:7.What will be the age of husband? A.65 B.75 C.72 D.70

Last Answer : Answer : D (70) ExplanationSum of ages is 360 years.The ratio of children and parents ages is 2:1. Total age of parents = 360 x 1 / 3 = 120 years Ratio of wife and husband age is 5:7. Therefore, the age of husband = 120 x 7 / 12 = 70 Hence the age of husband is 70 years.

A train starts from Delhi and reaches Lucknow in 24.5 hours. If it travels the first half of journey at 30 kmph and second half at 40 kmph then what is the total distance it travelled? 1) 750 km 2) 800 km 3) 840 km 4) 900 km 5) 920 km

Description : A train starts from Delhi and reaches Lucknow in 24.5 hours. If it travels the first half of journey at 30 kmph and second half at 40 kmph then what is the total distance it travelled? 1) 750 km 2) 800 km 3) 840 km 4) 900 km 5) 920 km

Last Answer : 3) 840 km