Indian Bank Maths test for Specialist Officers

Indian Bank  Maths test for  Specialist Officers

Commercial Maths Objective Quiz

1. The simple interest on a certain sum for 8 months at 4% simple interest is Rs 129 less

      than the simple interest on the same sum for 15 months at 5% per annum. Then the

      sum is

(a) Rs 3,400

(b) Rs 3.500

(c) Rs 3,600

(d) Rs 3,700

Ans. (c)

 

2. If the compound interest for 2 years on a certain sum be Rs 63 and the simple interest

      for 3 years on the same sum at same rate be Rs 90, then the sum will be

(a) Rs 300

(b) Rs 315

(c) Rs 325

(d) Rs 350

Ans. (a)

3. Rs 2,000 amounts to Rs 2226.05 in two years at compound interest. The rate of

      interest is

(a) 5.5%

(b) 5%

(c) 4.5%

(d) 4%

Ans. (a)

4. The compound interest on a sum of money for two years is Rs 52 and the simple

         interest for two years at the same rate is Rs 50. Then the rate of interest is

(a) 6%

(b) 8%

(c) 9%

(d) 10%

Ans. (b)

5. 140 litres of an acid contains 90% of acid and rest water. The amount of water added

         to make the water 12.5% of the resulting mixture is

(a) 5 litres

(b) 4 litres

(c) 3 litres

(d) none

Ans. (b)

6. If the cost price of 6 articles is equal to the selling price of 4 articles, then the gain

        percent is

(a) 35%

(b) 45%

(c) 40%

(d) 50%

Ans. (d)

7. A shopkeeper buys paper at Rs 50 per ream. To gain 20%, the selling price per quire

        will be (take 1 ream = 20 quires)

(a) Rs 1

(b) Rs 2

(c) Rs 3

(d) Rs 5

Ans. (c)

8. Ajit buys a motor cycle for Rs 17,600 including sales tax. If the rate of sales tax is

        10%, then the sale price of the motor cycle is

(a) Rs 16,000

(b) Rs 15,000

(c) Rs 14,000

(d) Rs 12,000

Ans. (a)

9. A sum of Rs 1,200 was lent partly at 5% and partly 6% simple interest. The total

        interest received after 2 years was Rs 128. The ratio of the money lent out at 5% and

        6% is

(a) 5 : 6

(b) 6 : 5

(c) 2 : 1

(d) 1 : 2

Ans. (c)

10. A gets 10% more than B. Then B gets

(a) 10% less than A

(b) 10% more than A

(c) less than A

(d)  more than A

Ans. (c)

11. A businessman, by means of a false balance defrauds to an extent of 10% in buying

      goods and 10% in selling goods. Then, by how much percent does he gain?

(a) 21%

(b) 20%

(c) 19%

(d) 18%

Ans. (a)

12. A trader purchases 70 kg of tea at Rs 15 per kg and 30 kg of tea at Rs 18.50 per kg. If

      the packing charges are 2 percent, then at what price he must sell the mixture of two

      to gain 15%?

(a) Rs 18.80 per kg

(b) Rs l8 per kg

(c) Rs 18.50 per kg

(d) Rs 17.80 per kg

Ans. (a)

13. In selling an article for Rs 76, a shopkeeper gains 52%. The gain by selling that for Rs

      74 is

(a) 45%

(b) 48%

(c) 49%

(d) 50%

Ans. (b)

14. By giving a discount of 10% on the marked price of Rs 1,100 of a sewing machine a

      dealer gains 10%, then the cost price is

(a) Rs 900

(b) Rs 950

(c)  Rs 1,000

(d) Rs 1,050

Ans. (a)

15. A shopkeeper sells a badminton marked at Rs 30 at 15% discount and gives a shuttle

      cock costing Rs 1.50 free with each badminton. He then makes a profit of 20%. His

      cost price per badminton is

(a) Rs 35

(b) Rs 30

(c) Rs 25

(d) Rs 20

Ans. (d)

16. If a radio is sold at Rs 972, then profit is 8%. If it is sold at Rs 872, then there is a loss

      of

(a) Rs 28

(b) Rs 25

(c) Rs 20

(d) Rs 15

Ans. (a)

17. A shopkeeper purchases 11 pens for Rs 10 and sells them at the rate of 10 for Rs 11,

      then the profit is

(a) 18%

(b) 19%

(c) 20%

(d) 21%

Ans. (d)

18. Rajan earns less than Ram. Then by how much percent is Ram’s income above

      Rajan’s?

(a) 40%

(b) 50%

(c) 60%

(d) 70%

Ans. (b)

19. A sum of money lent by Hari at simple interest becomes double of itself in 8 years.

     Then the sum will trible itself in

(a) 16 years

(b) 15 years

(c) 20 years

(d) 24 years

Ans. (a)

20. An almirah is sold for Rs 1,800 cash or Rs 600 cash down payment followed by two

     monthly installments of Rs 610 each. The rate of interest charged under the instalment

     scheme is

(a) 14% p.a.

(b) 13.41% p.a.

(c) 15% p.a.

(d) 16.72% p.a.

Ans. (b)

21. x, y, z are three sums of money such that y is the simple interest on x and z is the

     simple interest on y for the same time and rate. Then the relation between x, y and z is

(a) y² = zx

(b) x² =  yz

(c) xyz = 1

(d) none of these

Ans. (a)

22. A sum of Rs 1,550 was lent partly at 5% and partly at 8% simple interest. The total

      interest received after 3 years was Rs 300. The ratio of money lent at 5% to 8% is

(a) 31: 6

(b) 16 : 15

(c) 31 : 16

(d) 6 : 5

Ans. (b)

23. A sum of Rs 16,400 is borrowed to be paid back in 2 years by two equal annual

      payments, allowing 5% compound interest. The annual payment is

(a) Rs 8,000

(b) Rs 8,050

(c) Rs 8,820

(d) Rs 9,000

Ans. (c)

24. A sum of money placed at compound interest doubles itself in 4 years. It will amount

      to eight times itself at the same rate in

(a) 9 years

(b) 10 years

(c) 12years

(d) 14 years

Ans. (c)

25. If after 24% wastage the net output of a coal mine is 68,400 quintals, then the total

        output is

(a) 80,000 quintals

(b) 89,000 quintals

(c) 90,000 quintals

(d) 9,000 quintals

Ans. (c)