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Bank DA Rates Calculate the population standard deviation or dispersion of entire population 165.23, RBI

Bank Holidays

172.51, 162.90, 160.64, 174.08, and 167.45 IIBF

Life Ins Companies IRDA

a. 23.49

Non-Life Ins Companies b. 23.94 SEBI

List of PSBs c. 24.39 BCSBI

List of Private Banks d. 24.93 CIBIL

List of Foreign Banks Banking and Insurance

Ans - a

Financial Regulators Ministry of Finance

Public Grievances Solution: Excise & Customs

Banking Ombudsman Income Tax Department

Mean = (165.23 + 172.51 + 162.90 + 160.64 + 174.08 + 167.45)/6

Planning Commission NSE

= 1002.81/6

Dept of Financial Services BSE

= 167.135

σN = √( (1/6) * (165.23-167.135)2 + ( 172.51-167.135)2 + ( 162.90-167.135)2 + (

160.64-167.135)2 + ( 174.08-167.135)2 + ( 167.45-167.135)2)

= √( (1/6) * (-1.9052 + 5.3752 + -4.2352 + -6.4952 + 6.9452 + 0.3152))

= √( (1/6) * (3.629025 + 28.890625 + 17.935225 + 42.185025 + 48.233025 +

0.099224999999999))

= √ 23.49534784

MultiBagger σN = 4.8472

= 4.8472 x 4.8472

= 23.49

.............................................

A person invested Rs. 100000 in a bank FDR @ 6% p.a. for 1 year. If interest is

compounded on quarterly basis, the amount payable shall be ......

a. 101363

Sure Shot

b. 130613

MultiBagger c. 106136

Stocks + d. 136106

Intraday Stock

Ans - d

tips (No

Advance Explanation :

Payment - Join Here,

Free)

P = 100000

R = 6% quarterly = 0.015% p.a.

T = 1 yr = 4 quarters

FV = P * (1 + R)^T

So,

FV = 100000 * (1+0.015)^4

= 106136

.............................................

A bond with a par-value of Rs. 100 is purchased for 95.92 and it paid a Coupon rate of

5%. Calculate its current yield.

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a. 5.12

b. 5.21

c. 5.34

d. 5.43

Ans - b

Explanation :

And annual interest paid = Market Price × Current Yield

5 = 95.92 × CY

CY = 0.0521 = 5.21%

.............................................

A person wants to receive Rs. 1250 every quarter for 5 years @ 12% roi. How much he

should invest now?

a. 18975

b. 18795

c. 18579

d. 18597

Ans - d

Explanation :

Here,

P = 1250

R = 12% quarterly = 3% p.a.

T = 5 yrs = 20 quarters

PV = P / R * [(1+R)^T - 1]/(1+R)^T

= 18597

.............................................

Linear Trend is calculated as Tt=28.5+075t. the trend projection for period is 15 is ......

a. 11.25

b. 28.50

c. 39.75

d. 44.25

Ans - c

solution:

= 28.5 + (0.75)(15)

= 28.50+11.25

= 39.75

.............................................

A card is drawn at random from a deck of cards. Find the probability of getting 3 of

diamond.

a. 1/52

b. 1/38

c. 3/ 56

d. 3/38

Ans - 1

Solution :

Since a pack consist 52 cards and among that cards there are 13 diamonds.

Now for same space { A card is drawn out of 52 cards i.e n( S ) = ( 52,a. = n( S ) = 52

Now for event for occurring 3 of diamonds in one drawn out of 13= n( E ) = 1 ( If you

look at the 13 diamond cards the number 3 diamond card is just 1 )

Hence probability of occurrence of getting 3 of diamond

P(E)= n(E)/n(S)

= 1/52

.............................................

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A person borrowed Rs. 10000 from the bank @ 12% p.a. for 1 year, payable on EMI

basis. What is the amount of EMI?

a. 889

b. 898

c. 989

d. 998

Ans - a

Explanation :

Here,

P = 10000

R = 12% yearly = 0.01% monthly

T = 1 Y = 12 months

EMI = P * R * [(1+R)^T/(1+R)^T-1)]

So,

EMI = 10000*0.01*(1+0.01)^12 ÷ {(1+0.01)^12 – 1}

= 889

.............................................

A construction company plans to purchase a new earthmover for Rs. 350000 in 5 years.

Determine the annual savings required to purchase the earthmover if the return on

investment is 12%.

a. 55904

b. 55094

c. 55490

d. 55049

Ans - b

Explanation :

Here,

FV = Rs. 350000

T = 5 years

R = 12%

FV = P / R * [(1+R)^T - 1]

350000 = P × 6.3528

P = 350000 / 6.3528

= 55094

.............................................

A zero-Coupon bond has a future value of Rs. 1000 and matures in 2 years and can be

currently purchased for Rs. 925. Calculate its current yield.

a. 2.78

b. 2.98

c. 3.78

d. 3.98

Ans - d

Explanation :

Here

1000 = 925 × (1 + r)^2

So,

r = 1.0398 – 1

= 0.0398

= 3.98%

.............................................

annually, If the amount got after six year is Rs. 5000, then what is the principal amount

of money that was deposited initially?

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a. 3317

b. 3371

c. 3713

d. 3731

Ans - d

Solution

Interest rate=5%=0.05

Time period = 6 years

Present Value= Future value/(1+r)^n

=5000/(1+0.05)^6

=5000/1.3400956

=3731.07

.............................................

installments. What is the amount of installment?

a. 38520

b. 38250

c. 35820

d. 35280

Ans - d

Explanation :

Here,

P = 65600

R = 5% p.a.

T = 2 yrs

EMI = P * R * [(1+R)^T/(1+R)^T-1)]

= 35280

.............................................

quarterly basis. What will be the cash flow at the end of first year?

a. 25210

b. 22150

c. 22510

d. 21520

Ans - c

Solution :

Now there are 4 quarters (as compounding is quarterly) Interest rate per quarter is 3

per cent. So,

C4 = PV(1+i/100)^4

= 10000(1.0c.^4

= 10000*1.125509

= 22510

.............................................

Assume that you have a 6% Coupon console bond. The original face value is Rs. 1000

and the interest rate is 9%. Find the current value of this bond.

a. 567

b. 576

c. 667

d. 676

Ans - c

Explanation :

= Coupon ÷ interest rate

= 60 ÷ 0.09

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= Rs. 667

.............................................

21 bricks have a mean mass of 24.2 kg, and 29 similar bricks have a mass of 23.6 kg.

Determine the mean mass of the 50 bricks.

a. 18.35 kg

b. 20.35 kg

c. 23.85 kg

d. 32.85 kg

Ans - c

Solution :

Mean value = ((21 x 24.2) + 29 x 23.6 )) / (21+29)

= 1192.6 / 50

= 23.85 kg

.............................................

A 12%, 4-year bond of Rs. 100 was purchased by x for Rs. 100. If the market interest

rate increased by 1%, what will the market price?

a. 93.07

b. 90.37

c. 97.03

d. 79.30

Ans - c

Explanation :

P = 100

CR = 12%

YTM = 12 + 1 = 13%

So, Price = 97.03

.............................................

Mrs. Z is to receive Rs. 60000 from bank at the end of 3 years, being the maturity value

of a term deposit. How much he is depositing now, if the interest rate is 10%?

a. 40578

b. 45078

c. 47058

d. 48075

Ans - b

Explanation :

PV

= FV ÷ (1+r)T

= 60000 ÷ 1.3331

= Rs. 45078

.............................................

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