Aptitude Preparation: Mock Test, IT Campus Placement, Aptitude Questions and Answers

Subject: Bankers Discounts 2

**Part 2: List for questions and answers of Bankers Discounts**

**Q1. The banker’s discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?**

a) Rs. 410

b) Rs. 400

c) Rs. 390

d) Rs. 380

**Q2. The present worth of a sum due sometimes hence is Rs.5760 and the banker’s gain is Rs.10. What is the true discount?**

a) Rs. 480

b) Rs. 420

c) Rs. 120

d) Rs. 240

**Q3. What is the banker’s discount if the true discount on a bill of Rs.540 is Rs.90 ?**

a) Rs. 108

b) Rs. 120

c) Rs. 102

d) Rs. 106

**Q4. The banker’s gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker’s discount?**

a) 1240

b) 1120

c) 1190

d) 1290

**Q5. The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker’s discount?**

a) Rs. 76

b) Rs. 72

c) Rs. 74

d) Rs. 4

**Q6. The banker’s discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?**

a) Rs. 180

b) Rs. 120

c) Rs. 220

d) Rs. 200

**Q7. The banker’s gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?**

a) Rs. 400

b) Rs. 300

c) Rs. 500

d) Rs. 350

**Q8. The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker’s gain is:**

a) Rs. 21

b) Rs. 17

c) Rs. 18

d) Rs. 34

**Q9. The banker’s discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. What is the time?**

a) 3 months

b) 4 months

c) 5 months

d) 6 months

**Q10. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker’s discount is:**

a) Rs. 1360

b) Rs. 1000

c) Rs. 360

d) Rs. 640

**Q11. The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker’s discount on the same sum for the same time at the same rate?**

a) None of these

b) Rs. 278

c) Rs. 228

d) Rs. 258

**Q12. A banker paid Rs.5767.20 for a bill of Rs.5840, drawn of Apr 4 at 6 months. If the rate of interest was 7%, what was the day on which the bill was discounted?**

a) 3rd March

b) 3rd September

c) 3rd October

d) 3rd August

**Q13. The banker’s discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?**

a) 8%

b) 12%

c) 10%

d) 6%

**Q14. The true discount on a bill of Rs. 2160 is Rs. 360. What is the banker’s discount?**

a) Rs. 432

b) Rs. 422

c) Rs. 412

d) Rs. 442

**Q15. The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. What is the present worth?**

a) Rs. 600

b) Rs. 500

c) Rs. 400

d) Rs. 300

**Q16. The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is**

a) Rs. 180

b) Rs. 140

c) Rs. 80

d) Rs. 120

**Q17. What is the present worth of a bill of Rs.1764 due 2 years hence at 5% compound interest is**

a) Rs. 1600

b) Rs. 1200

c) Rs. 1800

d) Rs. 1400

**Q18. If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?**

a) 8 months

b) 11 months

c) 10 months

d) 9 months

**Q19. What is the difference between the banker’s discount and the true discount on Rs.8100 for 3 months at 5%**

a) Rs. 2

b) Rs. 1.25

c) Rs. 2.25

d) Rs. 0.5

**Q20. The B.G. on a certain sum 4 years hence at 5% is Rs. 200. What is the present worth?**

a) Rs. 4500

b) Rs. 6000

c) Rs. 5000

d) Rs. 4000

**Part 2: List for questions and answers of Bankers Discounts**

Q1. Answer: b

Q2. Answer: d

Q3. Answer: a

Q4. Answer: d

Q5. Answer: a

Q6. Answer: a

Q7. Answer: a

Q8. Answer: d

Q9. Answer: b

Q10. Answer: a

Q11. Answer: d

Q12. Answer: d

Q13. Answer: d

Q14. Answer: a

Q15. Answer: a

Q16. Answer: d

Q17. Answer: a

Q18. Answer: d

Q19. Answer: b

Q20. Answer: c