Quant Quiz-IV

1. A man can row 18 km. upstream and 36 km downstream in 9 hours. Also he can row 15 km upstream and 60 km. downstream in 10 hours. What is the rate of current ?

(a)    3 km/hr

(b)   4.5 km/hr

(c)    5 km/hr

(d)   6  km/hr

(e)   7.5 km/hr

2. If 6 men and 15 women can earn Rs. 7350 in 7 days and 10 men and 5 women can earn Rs. 10450 in 11 days. In what time 8 men and 8 women can earn Rs. 19320 ?

(a)     15 days

(b)    16 days

(c)    18 days

(d)     20 days

(e)   None of these

3. The width of a rectangle is 65% of its length. If the area of the rectangle is 2340 sq. metre then what is the difference between the length and width of the rectangle ?

(a)    18 meter

(b)   21 meter

(c)    24 meter

(d)   32 meter

(e)  39 meter

4. The breadth of a room is 3/8 times its length. The cost of carpeting it at Rs. 13.5 per sq. metre is Rs. 15876 and the cost of painting the four walls at Rs. 5 per square metre is Rs. 6160. What is the height of the room ?

(a)    5 meter

(b)   6 meter

(c)    7 meter

(d)   8 meter

(e)   9 meter

5. A rectangular tank is 24 metres long and 11 metres deep. If 1260 cu. metre of water be drawn from the tank, the level of the water goes down by 3 metres. How many cubic metres of water the tank can hold ?

(a)    4050 cu. m

(b)   4180 cu. m

(c)    4260 cu. m

(d)   4480 cu. m

(e)   4620 cu. m

6. What is the total number of solid sphere, each of diameter 9 cm, which could be moulded to form a solid metal cylinder of height 94.5 cm. and diameter 6 cm ?

(a)    4

(b)   5

(c)    6

(d)   7

(e)   8

7.  Two pipes P1 and P2 can fill a tank in 24 minutes and 30 minutes respectively. If both the pipes are opened simultaneously, after how much time should P2 be closed so that the tank is full in 20 minutes ?

(a)    4 min.

(b)   5 min.

(c)    6 min.

(d)   7 min.

(e)   8 min.

8. Mohan takes 8 days less than the time taken by Ravi to finish a piece of work. If both Mohan and Ravi together can finish it in 7.5 days, then how many days Ravi will take to finish the work alone ?

(a)    3 days

(b)   18 days

(c)    20 days

(d)   24 days

(e)   20 days or 3 days

9. A shopkeeper bought a bat and sold it at a loss of 15 %. If he had bought it for 20 % less and sold it for Rs.147.2 more, he would have had profit of 35 %. What is the cost price of bat ?

(a)    Rs. 540

(b)   Rs. 600

(c)    Rs. 625

(d)   Rs. 640

(e)   Rs. 720

10. Two equal amounts are deposited in two bank at same interest rate 12% p.a. for 7 years and 4.5 years respectively. If the different between the interest is Rs. 585 then what was each amount ?

(a)    1650

(b)   1750

(c)    1850

(d)   1950

(e)   2050

11. An amount of money grows up to Rs. 3136000 in 2 years, and up to Rs. 3512320 in 3 years, on compound interest. What is the rate of interest per annum ?

(a)    5%

(b)   8%

(c)    10%

(d)   12%

(e)   15%

1.  (b) 4.5 km/hr

Let the upstream rate be x km/hr and downstream rate be y km/hr.

And let 1/x = u and 1/y = v

18/x + 36/y = 9

== > 2u + 4v = 1…… (i)

Again, 15/x + 60/y = 10

== > 3/x + 12/y = 2

== > 3u + 12v = 2….. (ii)

Solving (i) and (ii), we get u = 1/3 and v= 1/12

== > x= 3, y= 12

Rate of current = (12-3)/2 = 9/2 = 4.5km/hr

2. Let the daily earning of a Man and Women be X and Y respectively.

Now, 6X + 15Y = 7350/7 = 1050

== > 2X+5Y = 350….(i)

Also, 10X + 5Y = 10450/11 = 950

== > 2X+ Y = 190….. (ii)

Solving (i) and (ii) we get X= 75 and Y = 40

Daily earning of 8 men and 8 women = 75x8 + 40x8 = 920

No of days = 19320/920 = 21

3. (b) 21 meter

Let the length be ‘x’ therefore width = 65x/100= 13x/20

Hence, x*13x/20 = 2340

== > x^2= 180x20 = 3600== > x= 60 = length

Difference = 35% of 60 = 35x60/100 = 21m

4. (d) 8 meter

Let the length of the room be x , so, breadth = 3x/8

Area = 3x^2/8 = 15876/13.5 = 1176

Therefore, x^2 = 3136== > x= 56= length

Breadth = 3x/8 = 21 m

Area of four walls = 6160/5 = 2h(l+b)

Area of four walla = 1232 = 2h(56+21)= 2hx77

Therefore, h = 1232/2x77 = 8 metre.

5. (e) 4620 cu. m

Let the breadth of tank be x

Volume of water = 24*x*3 = 1260 == > x= 17.5 m

Volume of tank = 24*17.5*11 = 4620 cu. m

6. (d) 7

Volume of sphere = 4πr^3/3 = 4π(4.5)^3/3 = 121.5π

Volume of cylinder = πr^2h = πx9x94.5

No. of sphere = 9x94.5xπ/ (121.5xπ) = 7

7. (b) 5 min

Let the total work be 120

Now, Efficiency of P1 = 120/24 =5

Efficiency of P2 = 120/30 =4

Efficiency of A+B together = 5+4= 9/min

Now, Let P2 be closed after X min.

If P2 would nt have closed , it would have done (20-X)mins more work

Extra Work = 4(20-X)

Suppose P2 nt closed then extra work will be added to the total wrk so as to take a total of 20 min

Now, Total work = 120+4(20-X)

Time = 20

Efficiency together =9

20x9 = 120+4(20-X)

4x = 200-180 = 20

X= 5min

Hence, P2 was closed after 5 mins.

8.  (c) 20 days

Let Ravi takes x days, mohan will take (x-8) days

Now, Suppose total work be x(x-8)

Efficiency of Ravi = x-8

Efficiency of Mohan = x

Efficiency of Ravi+mohan = 2x-8

Time = 7.5 days

Work = x(x-8)

Therefore, x(x-8)/ 2x-8 = 7.5

== > x(x-8) = 15x-60

== > x^2-23x+60 = 0

Solving , we get x= 3 or 20

3 will be neglected as this implied that mohan will do it in -5 days, which is practically nt possible.

9. (d) Rs. 640

Let CP be X, then SP = 85X/100 = 17X/20

If Case,

CP = 80X/100 = 4X/5

SP = (17X/20) + 147.20

Profit = 35%

SP = 135x4X/500

SP = (17X/20) + 147.20

Therefore, Comparing both we get,

27X/25 = (17X+2944)/20

540X-425X = 25x2944

115X= 25x2944

X= 25x2944/115 = 5x128 = 640

10. (d) 1950

Acc to question Sum ,P is same R= 12% in both case

Then Interest of Rs.585 will be the interest of the difference of time period= (7-4.5)= 2.5 years

Now, P = 100xSI/RT = 100x585/12x2.5

P = 100x585//30 = 1950

11. (d) 12%

Compound Interest for 3rd year = 3512320-3136000 = 376320 which is SI for 1 year on Rs.3136000.

R= 100xSI/PT = 100x376320/3136000

R = 12% 

Reasoning Quiz

Directions (Q. 1-5): Study the following information carefully answers the given questions.
Eight people- M, N, O, P, R, S, T and U representing four countries, India, China, Spain and Russia are sitting around a circular table facing the centre of the table, in an international event. Two people are representing each countries, but not necessarily in the same order. People are from different professions i.e. -Doctor, Author, Banker, Engineer, Politician, Scientist, Economist and Entrepreneur. No two representatives of the same countries are sitting adjacent to each other except those of China. Engineer is sitting on the immediate left of the entrepreneur. R is neither the Entrepreneur nor the Banker. U, the Scientist, represents Spain and is sitting immediate left of N, who represents China. N is not the Banker. S is Politician and is from China, who is sitting opposite to T. Only Author M is sitting between Engineer T and the Economist. Representatives of India are sitting opposite to each other. Both the representative of Russia is sitting adjacent to representative of India. P is not the entrepreneur.

1. Who is the Doctor ?
1) N      2) P       3) O       4) R       5) None of these

2. What is the profession of O ?
1) Entrepreneur       2) Banker       3) Doctor       4) Author       5) None of these

3. Who among the following represent India ?
1) O and U       2) R and M       3) P and O       4) M and S        5) None of these

4. Who is sitting opposite to Scientist?
1) Engineer       2) Economist       3) Author       4) Banker        5) None of these

5. Which of the following pair sitting adjacent to Politician?
1) N and U       2) R and P           3) P and U       4) U and O       5) None of these

Direction (Q. 6-10): Study the following information carefully to answer the given questions :
A word and number arrangement machine when given an input line of words and numbers rearranges them following a particular rule in each step. The following is an illustration of input and rearrangement.
Input : fire 78 36 small 29 light will 27 48 hut 66 take.
Step - I : 78 fire 36 small 29 light 27 48 hut 66 take will.
Step -II: 66 78 fire 36 small 29 light 27 48 hut will take.
Step -III: 48 66 78 fire 36 29 light 27 hut will take small.
Step-IV: 36 48 66 78 fire 29 27 hut will take small light.
Step-V: 29 36 48 66 78 fire 27 will take small light hut.
Step-VI: 27 29 36 48 66 78 will take small light hut fire.
Step VI is the last step of the above input. As per rules followed in the above steps, find out in each of the following questions the appropriate steps for the given input.
Input: 90 reason 34 sign 30 pet 18 25 take night 72 means 14 use.

6. How many steps will be required to complete the rearrangement?
1) Five       2) Six       3) Seven       4) Eight       5) Nine

7. In which step will there be the following output ?
14 34 72 90 reason 30 pet 18 25 night means use take sign
1) Step I        2) Step II       3) Step III       4) Step IV       5) None of these

8. Which of the following will be at the fifth position from the left in the Step IV?
1) 90       2) pet       3) 18       4) 72       5) None of these

9. Which of the following represent the position of 'use' in step III ?
1) Fifth from right           2) Sixth from left           3) Fifth from left
4) Fourth from right          5) Sixth from right

10. Which element is third to the left of sign in step V ?
1) 18         2) 90         3) night         4) means         5) None of these

Answers:)

(Q. 6-10): The rearrangement take place in such a way that numbers are arranged from left side with the largest numbers placed in alternative steps while words are arranged from right side in reverse alphabetical order.

Input : 90 reason 34 sign 30 pet 18 25 take night 72 means 14 use.
Step I : 72 90 reason 34 sign 30 pet 18 25 night means 14 use take.
Step II: 34 72 90 reason 30 pet 18 25 night means 14 use take sign.
Step III: 30 34 72 90 pet 18 25 night means 14 use take sign reason.
Step IV: 25 30 34 72 90 18 night means 14 use take sign reason pet.
Step V: 18 25 30 34 72 90 means 14 use take sign reason pet night.
Step VI: 14 18 25 30 34 72 90 use take sign reason pet night means.

6.2                7.5            8.1                9.4                 10.5

Reasoning

Directions (Q. 1-5): Study the following information and answer the following questions:

There are 7 bidder- P, Q, R, S, T, U and W - in a Auction. Each of them has a different favorite things, viz. Painting, Book, Furniture, Music Instrument, Chandelier, Idols and carpets. Each of the bidder bids different price for his favorite thing. R has bids second highest bid and neither Painting nor Music-instrument is his favorite thing. T bids the least price and neither Idol nor Book is his favorite thing. The favorite thing of S is furniture and he bids more price than the price of Q and W but less than the price of P. The favorite thing of Q is Chandelier and his price is more then the price of T but less than the price of W.

The favorite thing of P is carpet and he has not bid the highest price. The bidder whose favorite thing is Music instrument bet the highest price. The favorite thing of R is not book.

1. Which is the favourite thing of T?

a) Book       b) Painting          c) Chandelier            d) Data inadequate           e) None of these

2. Who bid second lowest price?

a) W            b) S                     c) R                           d) U                             e) None of these

3. Music Instrument is the favourite thing of-

a) R             b) P                     c) W                          d) U                            e) None of these

4. What is the favourite thing of W?

a) Book       b) Idols                c) Furniture              d) Either Book or Idol      e) None of these

5. When all the seven bidders are arranged according to their price in the favourite thing in which position is P from top?

a) First         b) fourth              c) Third                    d) Data inadequate           e) None of these

Direction(6-10): In each question below there are three statements followed by four conclusions numbered, I, II, III and IV. You have to take the given statements to be true even if they seem to be at variance with commonly known facts. Read all the conclusions and then decide which of the given conclusions logically follows from the given statements, disregarding commonly known facts.

6. Statements:

a. No man is sky.

b. No sky is road.

c. Some men are roads.

Conclusions:

I. No road is man.

II. No road is sky.

III. Some skies are men.

IV. All roads are rnen.

1) None follows                                                       2) Only I follows

3) Only 1 and III follow                                             4) Only II & III follow

5) None of these

7. Statements:

a. Some candles are houses.

b. Some houses are trains.

c. Some trains are roads.

Conclusions:

I. Some roads are candles.

II. Some trains are candles.

III. Some roads are houses.

IV. Some candles are roads.

1) None follows                                                       2) All follow

3) Only I and II follow                                              4) Only II & III follow

5) Only III and IV follow

8. Statements:

a. No tree is fruit.

b. All fruits are stones,

c. All stones are rains.

Conclusions:

I. No stone is tree. II. No rain is tree.

III. Some rains are fruits.

IV. Some rains are trees.

1) None follows

2) Only either II or IV and III follow

3) Only either II or III and I follow

4) All follow 

5) None of these

9. Statements:

a. All books are stars.

b. Some stars are windows,

c. All windows are hills.

Conclusions:

I. Some windows are books.

II. Some hills are stars.

III. Some hills are books.

IV. Some stars are books.

1) None follows                                             2) Only I & III follow

3) All follow                                                   4) Only II & IV follow

5) None of these

10. Statements:

a. Some cats are rats,

b. All rats are bats,

c. Some bats are jungles.

Conclusions:

I. Some jungles are cats.

II. Some bats are cats.

III. Some jungles are rats.

IV. No jungles is cat.

1) None follows                                            2) Only III follows

3) Only either I or IV and III follow

4) Only either I or IV and II follow

5) None of these

Answers :)

(1-5):-

1-b               2-e              3-d               4-a              5-c

6-5

7-1

8-2

9-4

10-4

Profit And Loss - II

1. Dinesh Purchased some lemons. He purchased 3 lemons for Rs.2. He sold all the lemons and earned 25% profit. At what rate did he sell all the lemons?

(a) 4 for Rs.3

(b) 5 for Rs.4

(c) 6 for Rs.5

(d) 7 for Rs.8

(e) None of these

2. A tradesman defrauds to the extent of 10% in buying goods and also defrauds to the extent of 10% in selling. His gain percent is

(a) 21%
(b) 19%
(c) 20%
(d) 22(1/4)%
(e) None of these

3. Richa marks her goods 30% above the cost price but allows 30% discount for cash payment. If she sells the article for Rs. 2730, find her cost price.
(a) Rs. 3500
(b) Rs. 2800
(c) Rs. 2950
(d) Rs. 3000
(e) None of these

4. A reduction of 10% in the price of salt enables a person to buy 2 kg more for Rs.180. Find the reduced and the original price per kgof salt respectively.
(a) Rs 10, Rs 9
(b) Rs 9, Rs 10
(c) Rs 18, Rs 20
(d) Rs 20, Rs 18
(e) Rs 18, Rs 16.2

5. Sunil calculates his profit percentage on the selling price whereas Sujeet calculates his profit on the cost price. They find that the difference of their profits is Rs. 900. If the selling price of both of them are the same, and Sunil gets 50% profit and Sujeet gets 40% profit, then find their selling price.

(a) Rs 4200
(b) Rs 4500
(c) Rs 4000
(d) Rs 4800
(e) None of these

6. A person sells his table at a profit of 25% and the chair at a loss of 20%, but on the whole transaction he gains Rs.18. on the other hand if he sells the table at a loss of 20% and the chair at a gain of 25%, then he neither gains nor loses. Find the cost price of the table and the chair.
(a) 200,160
(b) 160,200
(c) 250,180
(d) 210,170
(e) None of these

7. A person sold his watch for Rs 24. If the percentage of his loss was equal to the cost price, then the watch would have cost him
(a) Rs. 40
(b) Rs. 60
(c) Rs. 50
(d) Rs. 80
(e) None of these

8. Two shopkeepers sells some article for Rs. 4000 each. A shopkeeper Calculates his profit percent on his CP and another calculates his profit percent wrongly on SP. What is the difference in their actual profit if both claims to have a profit of 20%?

(a) Rs.135.00/-

(b) Rs.200.00/-

(c)  Rs.233.33/-

(d) Rs.133.33/-

(e) Cannot be Determined

Answers :)

1. (c) 6 for Rs 5 

CP= 3 lemons for Rs. 2 

SP = 3 lemons for Rs. 2.5
SP will be in the multiple of 3 for Rs 2.5
hence, from options 6 for Rs 5 :)

2. (a) 21%

100----110------121
Profit 21%
In simple terms, 100 main 110 ka samaan kharidta hai
and yahi 110 ka Saman fir 121 mai bech deta hai 
So, In total he gains 21%.

3. (d) Rs. 3000

Let CP be 100----> MP= 130--->with discount of 30%----SP=91

Now, SP= 91 ------->CP = 100
SP= 2730---------> CP= 100x2730/91 = 3000

4. (b) Rs9, Rs 10

10%=2

100%=20

180/20=9(reduced price)

180/18=10(original price)

5. (a) Rs 4200

6. (a) Rs 200, Rs 160

7. (e) None of these
SP=24
Let CP be X
Loss% = X
(X-24)*100/X = X
X^2 - 100X +2400= 0
X= 60 or 40
Hence, None of these

8. (d) Rs. 133.33
In first Case,
SP=4000
Profit= 20%ofCP
SP=120%of CP
CP= 4000x100/120 = Rs.3333.33/-
Profit= Rs.666.66
In Second Case,
SP=4000 
Profit= 20% of SP
Profit= 800
So, The difference in profit = Rs133.33

Banking- Payment And Settlement

PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007:-
This act was passed in 2007 and was implemented in 2008.
Under this act RBI or a company Authorised by RBI can conduct payment and settlement in India.
For More visit here

Authorised Company:-
NPCI :- National Payment Corporation of India. Its owner is RBI. It launched the Rupay Card.

Types of Payment :-
(i) Paper Based through cheque, PO, DD etc.
(ii) Electronic Based through EFT, NEFT, RTGS, ECS, IMPS
(iii) ATM, Card Based through ATM cards, Debit Cards, Credit Cards, POS, etc.

(i) Paper Based :-
Paper Based payments can be done through cheques, DD, PO, etc in which papers are involved.

CTS:- Cheque Truncation System.
It is the use of virtual image of the cheque by the Banks for clearing purpose.

CTS 2010:- It was implemented from July 31, 2013. It is a standardised security feature common to the cheques of the banks participating in the CTS system.

MICR:- Magnetic Ink Character Recognition.
It is a 9 digit numeric codewhose first 3 digit is the city code, next 3 digit is the bank code and the last 3 digit will be the branch code.

(ii) Electronic Based:-
(a) EFT is Electronic Fund Transfer
EFT is a Scheme introduced by Reserve Bank of India (RBI) to help banks offering their customers money transfer service from account to account of any bank branch to any other bank branch in places where EFT services are offered.
For more on EFT click Here.

(b) RTGS / NEFT :- 
RTGS is Real time Gross settlement And
NEFT is National Electronic Fund Transfer.

Difference b/w RTGS and NEFT :-

RTGS (Real Time Gross Settlement)	NEFT (National Electronic Fund Transfer)
1. Bulk Amount are Transferred	1. Smaller amounts arre transferred
2. Minimum 2 Lakh and Maximum Unlimited Can be Transferred	2. Minimum  50Paise and Maximum unlimited can be transferred.
3. Funds are transferred Instantly i.e., No Batch System.	3. Delayed Transfer of Funds & Funds are transferred in Batches.
4. In RTGS, Banks has to Credit the funds transfer amount within two hours into beneficiary account receiving message from RBI.	4. In NEFT, it depends on the settlement cycle.
5. This facility cannot be given to the non account holder or the walkin customer.	5. This facility can be provided to the walkin customer with the limit of upto Rs. 50,000/day in cash only.

For more on NEFT visit this Link here
For more on RTGS visit here

IFSC :- Indian Financial System Code.
This is an alphanumeric code used to do the transaction using NEFT or RTGS facilities. It is a 11 digit code which consist of
First 4 ------> Bank Code
Next--------> Zero (0)
Last 6------> Branch Code.

Bank Charges for NEFT/RTGS :-
(i) For NEFT :-

SLAB	Maximum Bank charge
0- 10,000/-	Rs. 2.5 + S.Tax.
10,000- 1 Lakh/-	Rs. 5 + S.Tax.
>1 Lakh – 2 Lakh/-	Rs. 15 + S.Tax
>2Lakh	Rs. 25 + S.Tax

(ii) For RTGS:-

SLAB	Maximum Bank charge
2-5 Lakh	Rs. 30 + S.Tax
> 5 Lakh	Rs. 55 + S.Tax

IMPS :- Immediate Payment Service.

MMID:- Mobile Money Identifier (7 digit Code)

IMPS:- It stands for immediate payment services. It was Launched by NPCI in 2010. It is an instant & 24x7 service electronic fund transfer thoriugh mobile phone. A minimum of 50Paise and a no limit on maximum amount is there for transaction.

A committe on mobile banking was headed by B. Sambamurthy.

For more on IMPS click here

ECS:- Electronic Clearing Services is repetitive and periodic in nature. It was introduced by RBI in 1990s. It is a electronic paperless system offered to the companies for making or preceding bulk payments which are repetitive and periodic in nature.

For More on ECS click here

(iii) Card Based Payments :- 

It can be done using Credit cards, debit cards , prepaid cards at any Point of Sale terminals,etc

For more on types of Cards visit this link here

RuPay Cards:- It was launched by NPCI. It is a domestic payment gateway which is at present available for payments done through ATM & Debit Cards. It is the Seventh Payment Gateway of the world.

Mathematical Puzzle-I

Q. 1-5: Study the information carefully to answer the question that follow.
In a school there are 1200 students who have visited five different cities viz. Delhi, Kolkata, Mumbai, Varanasi and Jodhpur. Forty five percent of the total students are boys. Thirty percent of the total girls visited Mumbai. Two fifth of the total girls visited Delhi. Number of girls who visited Jodhpur is half of the girls visited Delhi. Two third of the remaining girls visited Kolkata. Total number of students who visited Mumbai is 300. Twenty percent of the total boys visited Delhi. Forty percent of the total boys visited Jodhpur. Equal number of Boys visited Kolkata And Varanasi.

1. What is the total number of girls who visited Delhi, Mumbai and Varanasi together?
(a) 464
(b) 484
(c) 556
(d) 536
(e) None of these.

2. Total number of students who visited Jodhpur is approximately what percent of the number of girls who visited Delhi?
(a) 91
(b) 111
(c) 132
(d) 32
(e) 72

3. What is the average number of boys who visited Kolkata,Varanasi and Jodhpur together?
(a) 110
(b) 122
(c) 101
(d) 104
(e) None of these

4. What is the total number of students who visited Varanasi?
(a) 78
(b) 69
(c) 102
(d) 103
(e) None of these

5. What is the respective ratio between the number of girls visited kolkata and number of boys visited Mumbai?
(a) 22:51
(b) 23:51
(c) 21:55
(d) 51:22
(e) None of these

Q. 6-10: Study the given information carefully to answer the question that follow.
An organisation consists of 2400 employees working in different departments, viz, HR, Marketing, IT, Production and Accounts. The ratio of Male to Female employees in the organisation is 5:3 respectively. Twelve percent of the male work in the HR department. Twenty four percent of the females work in the accounts department. The ratio of Males to females working in the HR department is 6:11 respectively. One Ninth of the females work in the IT department. Forty two percent of the males work in the Production Department. Number of females working in the production department is ten percent of the males working in the same. The remaining females work in the Marketing department. The total number of employees working in the IT department is 285. Twenty two percent of the males work in the Marketing department and the remaining work in the Accounts department.

6. The number of Males working in the IT department forms approximately what percent of the total number of males in the Organisation?
(a) 5
(b) 12
(c) 21
(d) 8
(e) 18

7. How many males work in the Accounts department?
(a) 170
(b) 165
(c) 185
(d) 160
(e) None of These

8. The total number of employees working in the Accounts department forms what percent of the total number of employees in the organisation? (rounded off to two digits after decimal)
(a) 19.34
(b) 16.29
(c) 11.47
(d) 23.15
(e) None of these

9. The number of females working in the Production Department forms what percent of the total number of females in the organisation?
(a) 7
(b) 12
(c) 4
(d) 15
(e) None of these

10. What is the total number of females working in the HR and Marketing department together?
(a) 363
(b) 433
(c) 545
(d) 521
(e) None of These

Banking - NRI / PIO Accounts

NRI- Non Resident Indian
PIO- Person of Indian Origin

(a) Resident of India :- 

• Citizen of India
• Foreigners for a long term stay in India.

(b) Non- resident of India :-

• NRI/PIO
• Foreigners on a short term visit to India (upto 6 months).

FEMA:-

Foreign Exchange Management Act passed in 1999 & was implemented from 2000.

FEMA definition for NRI:-

• Under FEMA, a NRI is a citizen of India who went abroad for the purpose of 

(a) Employement

(b) Study

(c) Business

• They can open bank Account in India without the prior permission of RBI.
• Residents of Pakistan And Bangladesh Needs Prior Permission from RBI.
• NRI/PIO can open NRO saving account with post office.

NRO:- Non Resident Ordinary.

Types Of Accounts For NRI / PIO:-

1. NRO
2. NRE
3. FCNR(B)
4. RFC

(i) NRO :- Non Resident Ordinary Rupee Account.

• This account is for the purpose of income earned by NRI/ PIO in INDIA.
• CA/SA/RD/FD are offered.
• The interest rates shall be decided by the bank but it shall not be more than those offered to the Resident of India.
• The amount is deposited in INR & it is repatriable upto 1Million USD per year after payment of Taxes.
• Foreigners on a short term visit to India are offered only NRO accounts.

(ii) NRE Accounts:- Non Resident External Rupee Account.

• This account is for the purpose of income earned by NRI/PIO outside India for transferring to India.
• CA/SA/RD/FD are offered.
• On term deposits upto 1 year interest rates are decided by RBI and for the rest by the Banks.
• The amount is deposited in INR and is Fully repatriable after payment of taxes.
• anks can provide loan facility on such accounts.

(iii) FCNR(B) Accounts:- Foreign Currency Non Resident Bank Account.

• This account can be opened in fully convertible foreign currency.
• RBI has allowed NRI/PIO to open this account in following currency:-

(a) USD

(b) AUSD

(c) CAND

(d) Japanese YEN

(e) Great Britain POUND

(f) EURO.

• Only term deposit of 1-5 years are offered.
• The interest Rates are decided by Banks but, the upper limit is decided by RBI.
• The amount is fully repatriable in the same currency in which it was deposited after payment of Taxes.
• Banks can provide loan against the deposits.

(iv) RFC accounts:- Resident Foreign Currency Accounts.

• This account is for the returning NRI/PIO to India and they can transfer there deposits from NRE & FCNR(B) to this account.
• CA/SA/FD/RD are offered.

ESCROW, NOSTRO & VOSTRO

(i) ESCROW:- It is a separate bank account for keeping money that is the property of others & normally no interest are paid on such accounts.

(ii) NOSTRO:- It is a Bank Account held in a foreign country by a domestic bank dominated in the currency of the foreign country..

(iii) VOSTRO:- It is a bank account held by a domestic bank in its home country for foreign banks.

ARBITRAGE:-

The simultaneous buying and selling of an Assett in order to benefit from the difference in price is called Arbitrage.

Data Interpretation-VI

Directions: Study the following table carefully and answer the questions that follow:

Chart showing schedule of train from Dadar to Bhuj and number of passengers boarding from each station

31. What is the distance travelled by the train from Surat to Nadiad Jn. ?

(1) 176 km (2) 188 km
(3) 183 km (4) 193 km
(5) 159 km

32. How much time does the train take to reach Ahmedabad after departing from Anand Jn. (including the halt time)?

(1) 1 hr. 59 min. (2) 1 hr. 17 min.
(3) 1 hr. 47 min. (4) 1 hr. 45 min.
(5) 1 hr. 15 min.

33. What is the respective ratio between the number of passengers boarding from Vasai Road and from Ahmadabad in the train?

(1) 21 : 17 (2) 13 : 9
(3) 21 : 19 (4) 15 : 13
(5) 13 : 15

34. If halt time (stopping time) of the train Vadodara is decreased by 2 minutes and increased by 23 minutes at Ahmedabad. At what time will the train reach Bhuj?

(1) 6.10 am (2) 6.01 pm
(3) 6.05 pm (4) 6.50 pm
(5) 6.07 pm

35. Distance between which two station is second lowest?

(1) Nadiad Jn. To Ahmedabad
(2) Anand Jn. To Nadiad Jn.
(3) Dadar to Vasai Road
(4) Anand Jn. To Vadodara
(5) Vasai Road to Surat

Directions: Study the table carefully to answer the question that follow.

Maximum and minimum temperature (in degree Celsius) recorded on 1st day of each month of five different cities

36. What is the difference between the maximum temperature of Ontario on 1st November and the minimum temperature of Bhuj on 1st January?

(1) 3°C (2) 18°C
(3) 15°C (4) 9°C
(5) 11°C

37. In which month respectively the maximum temperature of Kabul is second highest and minimum temperature of Sydney is highest?

(1) 1st October and 1st January
(2) 1st October and 1st November
(3) 1st December and 1st January
(4) 1st September and 1st January
(5) 1st December and 1st September

38. In which month (on 1st day) is the difference between maximum temperature and minimum temperature of Bhuj second highest?

(1) 1st September
(2) 1st October
(3) 1st November
(4) 1st December
(5) 1st January

39. What is the average maximum temperature of Beijing over all the months together?

(1) 8.4°C
(2) 9.6°C
(3) 7.6°C
(4) 9.2°C
(5) 8.6°C

40. What is the respective ratio between the minimum temperature of Beijing on 1st September and the maximum temperature of Ontario on 1st October?

(1) 3 : 4 (2) 3 : 5
(3) 4 : 5 (4) 1 : 5
(5) 1 : 4

Banking Awareness- DEPOSITS

DEPOSITS:-

In Banking System, deposits are of two types:-

(a) Demand Deposit.
(b) Term/ Time Deposit.

(a) Demand Deposit :-
In this type of deposits, we can submit or withdraw money anytime. There are two types of Accounts under demand deposits:-
(i) Current Account (CA)
(ii) Saving Account (SA)

(b) Time / Term Deposit :-
In this type of deposits, our money is fixed for some particular period. We can withdraw our money anytime bu the loss in interest will be ours.
There are two types of Accounts under Term deposits:-
(i) Fixed Deposit (FD)
(ii) Recurring deposit (RD)
In FD & RD, for same time period same interest rates will be there for deposits of less than 1 Crore.
Loss of interest on Breaking FD/RD is governed by RBI.

--> Interest Rates for both demand and term deposits is decided by the Bank.
--> Interest type is compound i.e., Interest is calculated on the compound interest formulae.

BULK TERM DEPOSIT:- 

(i) Bulk term deposits means deposit of Rs.1 Crore and Above.
(ii) Banks are free to decide different interest rates for the same time period bulk term deposit.
(iii) Banks are free to decide penalty interest rates on premature withdrawal of Bulk term Deposits.
(iv) Banks can Deny premature withdrawal facility on bulk term deposits.

	Time Period
	Minimum	Maximum
F.D.	7 days	10 years
R.D.	6 months	10 years

	Amount
	Minimum	Maximum
F.D.	As decided by Bank	Unlimited
R.D.	As decided by Bank	Less Than Rs.15 Lakh/Month

Tax Saving Products:-
Bank Offers tax saving FD with a lock in period of upto 5 Years & Maximum investement can be upto Rs. 1 Lakh for claiming Tax deduction under 80C of Income Tax.

Current Account	Saving Account
(i) For Businessmen, Company	(i) For Household
(ii) No Interest Given	(ii) Interest Provided
(iii) No. of Transactions Unlimited	(iii) limited Number of transactions
(iv) Overdraft Facility provided	(iv) No Overdraft Facility Provided

Saving Accounts:-
Interest is decided by the Bank.
Interest is Compound interest & it can be credited by the bank in the account either quarterly or in six months i.e., Half- yearly.

RBI guidlines on Saving Account Interest rates:-
(i) Banks are free to decide the interest rates on saving account.
(ii) On deposits upto Rs.1 lakh, interest shall be same.
(iii) On deposits above 1 lakh, interest rates may differ depending upon the amount.

RBI guidlines on Calculation of Interest Rates on Saving Accounts:-
(i) The interest rates shall be calculated on end of day balance.
(ii) RBI has allowed the banks to decide the periodicity of compounding interest and payment of interest on saving accounts.