Quant Quiz

Quant Quiz

Directions—(Q. 1–5) Study the following information carefully and answer the questions given below it. 

Out of the 45,000 candidates eligible for an Officer’s Post in a Public Sector Bank, 1350 candidates have prior experience of working in Public Sector Banks in rural areas only. One-fourth of the total number of candidates has prior experience of working in Public Sector Banks in urban areas only. 12% of the total number of candidates has prior experience of working in Private Sector Banks in urban areas only. 2% of the total number of candidates has prior experience of working in Private Sector Banks in rural areas only. 10800 candidates have worked in Public Sector Banks in both urban and rural areas. 15% of the total number of candidates has worked in both Public and Private Sector Banks in urban areas only. 1800 candidates have worked in both Public and Private Sector Banks in rural areas only. The remaining candidates have no prior experience of working in the Banking industry.


1. How many candidates have prior experience of working in rural areas (both Public Sector and Private Sector Banks together) ?
(1) 13050  
(2) 14,850
(3) 14400 
(4) 14700
(5) 14550

2. How many total candidates have prior experience of working in Public Sector Banks (Urban and Rural areas together) ?
(1) 37,350 
(2) 25200
(3) 30150
(4) 31950
(5) None of these

3. What is the respective ratio of the candidates who have a prior experience of working in Public Sector banks in rural areas only to the candidates who have a prior experience of working in Private sector banks in rural areas only?
(1) 4 : 3 
(2) 3 : 2
(3) 2 : 3 
(4) 3 : 4
(5) None of these

4. What is the total number of candidates who have worked in Private Sector Banks in urban areas ?
(1) 3600 
(2) 6750
(3) 12150
(4) 10800
(5) None of these

5. The candidates who have no prior experience of working in the banking industry are what per cent of the candidates who have worked in Public Sector banks in both urban and rural areas ?
(1) 60•5
(2) 63•5
(3) 62.5
(4) 64
(5) None of these

Directions—(6–10) Study the following table carefully and answer the questions given below it 
The table gives the percentage of marks scored by six students in different subjects. The total marks in each subject is also given with the subject.

6. What is approximate overall percentage obtained by Charu in the examination ?
(1) 78 
(2) 69
(3) 75 
(4) 71
(5) 65

7. What is the difference in the marks obtained by Dheeraj in English and the marks obtained by Manoj in the same subjects ?
(1) 12 
(2) 6.5
(3) 10 
(4) 8
(5) None of these

8. The marks obtained by Ankur in Geography are approximately what per cent of the marks as it is obtained by Kalpana in Hindi ?
(1) 45
(2) 33
(3) 50
(4) 60
(5) None of these

9. What is the overall percentage of marks obtained by Kalpana in History and Geography together ?
(1) 73•40
(2) 72•80
(3) 70•50
(4) 68•80
(5) None of these

10. What is the average marks obtained by all the students together in Science ?
(1) 79•5 
(2) 120•50
(3) 118
(4) 121
(5) None of these


Solutions (1-5)

Total Candidates = 45000
With Work Experience = 38250
Without Work Experience = 45000 – 38250 = 6750

1. (2)
Required number of candidates = 10800 + 4050 = 14850

2. (4)
Required number of candidates = 23400 + 8550 = 31950

3. (2)
Required ratio = 1350 : 900 = 3 : 2.


4. (3) Required number of candidates = 5400 + 6750 = 12150.

5. (3) Required percentage = 6750/10800 * 100 = 62.5


Solutions (6-10)
6. (2)
Total marks of Charu = 72% of 100 + 60% of 100 + 68% of 150 + 74% of 60 + 68% of 150 + 75% of 40
= 72 + 60 + 102 + 44.4 + 102 + 30 = 410.4
Percentage of marks = 410.4/600 * 100 = 69 approx

7. (3
Required difference = (85 – 75) = 10

8. (2)
Required percentage = 55% of 40/66% of 100 * 100 = 33.33%

9. (2)
Required percentage = (80% of 60 + 62% of 40)/ (60 + 40) * 100 = 72.8

10. (5)
Average marks of all students in science = (82 + 85 + 72 + 80 + 68 + 90)/6 * 150/100 = 119.25

Profit & Loss

Quant Handy Concepts and Tricks: Profit & Loss

Profit & Loss

Profit and loss are the terms related to monetary transactions in trade and business. Whenever a purchased article is sold, then either profit is earned or loss is incurred.

Cost Price (CP) :This is the price at which an article is purchased or manufactured.

Selling Price (SP): This is the price at which an article is sold.

Profit (SP>CP) :When an article is sold at a price more than its cost price, then profit is earned.

Loss (CP>SP) :When an article is sold at a price lower than its cost price, then loss in incurred.

Note : Profit and loss always calculated on cost price.

Some Important Concept

1. If a person sells two similar articles, one at a gain of a% and another at a loss of a%, then the seller always incurrs a loss which is given by

Loss%=(a/10)^2 %

2. If a'th part of some items is sold at x% loss, then required gain per cent in selling rest of the items in order that there is neither gain nor loss in whole transaction, is (ax)/(1-a)%

Example 1: A medical store owner purchased medicines worth Rs. 6000 form a company. He sold 1/3 part of the medicine at 30% loss. On which gain he should sell his rest of the medicines, so that he has neither gain or loss?

Here a = 1/3 , x = 30 % 
Required gain % = (1/3*30)/(1-1/3) = 15 % 

3. If cost price of 'a' articles is equal to the selling price of 'b' articles, then profit percentage 
=(a-b)*100/b

4. If a dishonest trader professes to sell his items at CP but uses false weight, then 

Gain %=Error*100/(True Value-Error)

Gain%=(True weight-False weight)/(False weight) X100%

Example 2: A dishonest dealer professes to sell his goods at cost price but he uses a weight of 930 g for 1 kg weight. Find his gain per cent.
Gain % = 70*100/930

5.If a shopkeeper sells his goods at a% loss on cost price but uses b g instead of c g, then his profit or loss is [(100-a)(c/b)-100]% as sign positive or negative

Example 3:A dealer sells goods at 6% loss on cost price but uses  14 g instead of 16 g. What is his percentage profit or loss?

Here a = 6 % , b = 14 g and c = 16 g 

Required answer = [(100-6)(16/14)-100]% = 7(3/7) %

6. If a dealer sells his goods at a% profit on cost price and uses b% less weight, then his percentage profit  will be 

(b+a)/(100-b)X100%

Example 4: A dealer sells his goods at 20% loss on cost price but uses 40% less weight. What is his percentage profit  or loss?

Here a = 20 , b = 40
Required answer = (40 -20)*100/(100- 40) = 33(1/3) %

7. If 'a' part of an article is sold at x% profit/loss, 'b' part at y% profit/loss and c part at z%  profit/loss and finally there is a profit/lossof Rs.R, then Cost price of entire article
=RS.(R*100)/(ax+by+cz) 

Example 5: If 2/3 part of an article is sold at 30% profit, 1/4 part at 16% profit and remaining part at 12% profit and finally, there is a profit of Rs.75, then find the cost price of the article.

Here a = 2/3 , x = 30 % , b =1/4 , y = 16 % , z = 12 % and R = 75 Rs

Required CP of article = (75*100)/(2/3*30+1/4*16+1/12*12)  = 7500/25 = 300

New Pattern English

Directions (1-5): In each of the following sentences, parts of the sentence are left blank. Beneath each sentence, five different ways of completing the sentence are indicated. Choose the best alternative from among the five options.

Q1. If the more articulate members of a community formed a coherent and __________ class with a common interest, democracy would probably be __________ into the rule of that intelligent, educated __________; even as it is, the democracies of the modern world are much closer to this fate than they are to the much-canvassed __________ of mob rule.

(a) united, overthrown, minority, benefits

(b) separate, overthrown, majority, problems

(c) united, replaced, minority, dangers

(d) separate, replaced, minority, benefits

(e) united, replaced, majority, dangers

Q2. I think it is the duty of science – I do not say of every individual man of science – to study the means by which we can __________ ourselves to the new world. There are certain things that the world quite obviously needs: __________, as opposed to dogmatism in our beliefs; an expectation of co-operation, rather than __________, in social relations; a lessening of envy and collective __________. These are things which __________ could produce without much difficulty.

(a) adapt, fanaticism, competition, malice, philosophy

(b) adopt, fanaticism, affection, malice, science 

(c) reorient, tentativeness, war, consciousness, science

(d) adapt, tentativeness, competition, hatred, education

(e) orient, diffidence, competition, malice, education

Q3. As man’s tool of survival, reason has two basic functions: cognition and evaluation. The process of cognition consists of discovering--- A---, of identifying their nature, their ----B-----. The process of evaluation consists of man discovering the relationship of things to himself, of identifying ---C-- to him and ---D----, what should be sought and what should be avoided.

(a) A – what is beneficial, B – what is harmful, C – attributes and properties, D – what things are

(b) A – what things are, B – what is beneficial, C – attributes and properties, D – what is harmful 

(c) A – what is beneficial, B – what things are, C – what is harmful, D – attributes and properties

(d) A – attributes and properties, B – what is beneficial, C – what things are, D – what is harmful

(e) A – what things are, B – attributes and properties, C – what is beneficial, D – what is harmful

Q4. When you first arrive in a new culture, there is a period of __________ that comes from the new situation and from a lack of information. It leaves you quite __________ and in of help in the form of information and more. The second stage begins as you start to __________ with the new culture. It is called the stage of small victories. Each new __________ with the culture is fraught with peril. It is __________ by anxiety and information collection and rehearsal. Then the event occurs and you return home either __________ or defeated.

(a) confusion, vulnerable, interact, observation, preceded, jubilant

(b) excitement, vulnerable, observe, observation, followed, victorious

(c) confusion, dependent, interact, encounter, preceded, triumphant

(d) excitement, dependent, interact, encounter, followed, victorious

(e) confusion, dependent, observe, observation, preceded, triumphant

Q5. The core of modern doctoring is diagnosis, treatment and prognosis. Western doctors have been __________ the wheezes and pains of their patients since the 17th century to identify the __________ disease of the cause of complaints. They did it well and good __________ became the hallmark of a good physician. They were less strong on treatment. But when sulphonamides were __________ in 1935 to treat certain bacterial infections, doctors found themselves with powerful new tools. The area of modern medicine was born. Today there is a __________ array of complex diagnostic tests, and of pharmaceutical and surgical methods of treatment.

(a) analyzing, deep rooted, diagnosis, conceived, burgeoning

(b) curing, deep-rooted, medicines, invented, dwindling

(c) diagnosing, widespread, prescriptions, conceived, escalating

(d) analyzing, underlying, diagnosis, discovered, burgeoning

(e) curing, widespread, prescriptions, discovered, dwindling

Directions (6-15): Which of the phrases given below should replace the phrase given in bold italics in the following sentence to make the sentence grammatically correct. If the sentence is correct as it is and no correction is required, mark (E) as the answer.

Q6. When do you intend to return back home?

(a) intend to return

(b) intention of returning to back

(c) intend to turn back for

(d) intend for a return of

(e) No Correction Required

Q7. I would have been in your place, I would not have accepted his suggestion.

(a) If I had in

(b) Had I been with

(c) I had been with

(d) Had I been in

(e) No Correction Required

Q8. He firmly beliefs that a radical change in the structure of our various departments is necessary.

(a) is believing that

(b) firmly believes that

(c) firmly belief that

(d) that firmly believes in

(e) No Correction Required

Q9. Mahatma Phule’s life was a saga of dedicating in the cause of social reforms in India.

(a) of dedicated the

(b) of having dedicated in the

(c) of dedication to the

(d) for dedication at the

(e) No Correction Required

Q10. No sooner did we reach the station than it started raining.

(a) then it started raining

(b) then it starts to rain

(c) than it starts to rain

(d) when it started raining

(e) No Correction Required

Q11. I met him yesterday but forgot to mention this point.

(a) had been forgotten to

(b) was forgot to

(c) have forgotten to

(d) forgot at

(e) No Correction Required

Q12. Every activity can be classified by two groups, namely mental and physical.

(a) will be classified by

(b) can be classified into

(c) will be classified between

(d) can classify into

(e) No Correction Required

Q13. The issues discussed had been so that critical they could hardly be resolved in such a limited time.

(a) were so critically that

(b) had so critical that

(c) were being so critical as that

(d) were so critical that

(e) No Correction Required

Q14. The Conference is to be starting at 9.30 a.m. with the introductory speech by the Minister.

(a) is to start for

(b) has been started by

(c) is to start at

(d) will be started by

(e) No Correction Required

Q15. The unskilled class of workers in the most exploited of class under the present labour contract system.

(a) most exploited class

(b) mostly exploiting class

(c) most exploiting class

(d) mostly the exploit class

(e) No Correction Required

Solutions

S1. Ans.(c)

Sol. “common interest” and united will go together. Mob rule eliminates benefits vs. dangers.

S2. Ans.(d)

Sol. Adopt is incorrect. Dogmatism as opposed to fanaticism does not make sense; we need its opposite, hence tentativeness in the second blank. War and consciousness will eliminate option C.

S3. Ans.(e)

Sol. Immediately after blank A, it is said identifying their nature which means A and B are related to the nature of things – hence option (E). After C and D we have “what should be sought and what should be avoided,” hence beneficial and harmful combination in option(E).

S4. Ans.(c)

Sol. From a “new situation and lack of information,” there cannot be excitement. Observe eliminates option (E). Observation eliminates option (A). Hence (C).

S5. Ans.(d)

Sol. If the doctors were doing this to “to identify…” something it has to be “analyzing.” Diseases are not deep rooted but underlying, hence option (A) can be eliminated in favor of option (D).

S6. Ans.(a) 

Sol. intend to return. 

S7. Ans.(d) 

Sol. Had I been in. third conditional sentence structure. 

S8. Ans.(b) 

Sol. firmly believes that. 

S9. Ans.(c) 

Sol. of dedication to the. 

S10. Ans.(e) 

Sol.  No Correction Required

S11. Ans.(e) 

Sol.  No Correction Required

S12. Ans.(b) 

Sol.  can be classified into

S13. Ans.(d) 

Sol.  were so critical that

S14. Ans.(c) 

Sol.  is to start at. 

S15. Ans.(a) 

Sol.  most exploited class.

Banking Awareness

Q1. ____________ is a percentage of the premium appropriated towards charges before allocating the units under the policy.
(a) Premium Allocation Charge
(b) Surrender Charges
(c) Policy/Administration Charges
(d) Fund Management Fees
(e) Mortality Charges

S1. Ans.(a)
Sol. Premium Allocation Charge is a percentage of the premium appropriated towards charges before allocating the units under the policy. This charge normally includes initial and renewal expenses apart from commission expenses.

Q2. Which among the following is not a public sector insurance company?
(a) Life Insurance Corporation of India (LIC)
(b) Bajaj Allianz Life Insurance
(c) The new India assurance company limited (NIACL)
(d) Agriculture insurance company of India limited (AICIL)
(e) National insurance company limited (NICL)

S2. Ans.(b)
Sol. Bajaj Allianz General Insurance is a private general insurance company in India.

Q3. The _____________ is usually comprised of organizations that are owned and operated by the government and exist to provide services for its citizens.
(a) citizen sector
(b) limited sector
(c) public sector
(d) private sector
(e) None of the given options is true

S3. Ans.(c)
Sol. The Public Sector is usually comprised of organizations that are owned and operated by the government and exist to provide services for its citizens.

Q4. The party who pays for loss in an insurance arrangement is called?
(a) Premium
(b) Agent
(c) Broker
(d) Insurer
(e) Insured

S4. Ans.(d) Sol. Insurer are pays for loss in an insurance arrangement.

Q5. The premium of _____________ per person per annum is shared equally by the Central Government and the State Government in the Aam Admi Bima Yojana (AABY)?
(a) Rs.1000
(b) Rs.1500
(c) Rs.3000
(d) Rs.500
(e) Rs.200

S5. Ans.(e)
Sol. The premium of Rs.200 per person per annum is shared equally by the Central Government and the State Government in the Aam Admi Bima Yojana (AABY).

Q6. A separate fund called "Aam Admi Bima Yojana Premium Fund" has been set up by Central Govt. to pay the Govt. contribution. Fund is maintained by- 
(a) Life Insurance Corporation of India (LIC)
(b) Reserve Bank of India (RBI)
(c) The new India assurance company limited (NIACL)
(d) Agriculture insurance company of India limited (AICIL)
(e) National insurance company limited (NICL)

S6. Ans.(a)
Sol. A separate fund called "Aam Admi Bima Yojana Premium Fund" has been set up by Central Govt. to pay the Govt. contribution. Fund is maintained by LIC. A free add-on benefit in the form of scholarship to children is also available under the Scheme.

Q7. HDFC Life has entered into a bancassurance tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. Catholic Syrian Bank based in-?
(a) Mumbai
(b) Thrissur
(c) Jaipur
(d) Varanasi
(e) Bengaluru

S7. Ans.(b)
Sol. HDFC Life has entered into a bancassurance tie-up with Catholic Syrian Bank to distribute its individual life insurance products to the private lender’s customers. Catholic Syrian Bank based in Thrissur, Kerala.

Q8. The written insurance contract that may include all clauses, riders and endorsements. It is called?
(a) Liabilities
(b) Premium
(c) Installment
(d) Policy
(e) Assets

S8. Ans.(d)
Sol. Policy is the written insurance contract that may include all clauses, riders and endorsements.

Q9. UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with element of subsidy from the Government. UHIS stands for-
(a) Universal Health Insurance System
(b) Universal Health Insurance Service
(c) Universal Health Insurance Scheme
(d) Universal Health Insurance Solutions
(e) Universal Health Insurance Scenario

S9. Ans.(c)
Sol. The Universal Health Insurance Scheme (UHIS) has launched by the Government of India is already in existence for persons and families below the poverty line with element of subsidy from the Government. In addition, the Rashtriya Swasthya Bima Yojana (RSBY) was also rolled out from by the Government to provide the health insurance coverage for Below Poverty Line (BPL) families. 

Q10. Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
(a) 20th December 1999
(b) 20th December 2007
(c) 20th December 1992
(d) 20th December 2004
(e) 20th December 2002

S10. Ans.(e)
Sol. Agriculture Insurance Company Of India Limited (AIC) was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under the Companies Act, 1956 on 20th December 2002.

QUIZ-15

Q1. Reserve Bank of India has put restriction on UCO Bank’s lending and branch expansion plans as the state-run lender made net losses for the two successive fiscal amid severe stress on asset quality. UCO bank is headquartered in ___________.
Answer: Kolkata

Q2. What is the Capital of Palestine?
Answer: East Jerusalem

Q3. Govardhan Eco Village, set up by the ISKCON (International Society for Krishna Consciousness) has won a Smart Village award for being a sustainable project instituted by the India Trade Promotion Organisation (ITPO). This village is located in which state?
Answer: Maharashtra

Q4. The Union Home Minister Shri Rajnath Singh has recently inaugurated the second meeting of NPDRR in New Delhi. What does 'RR' stands for in NPDRR?
Answer: Risk Reduction

Q5. Asian Wrestling Championship 2017 was concluded recently in ____________.
Answer: New Delhi

Q6. State-owned telecom operator BSNL has inked a clutch of agreements with Facebook and MobiKwik to popularize the internet and its value added services among customers. Founder and CEO of Mobikwik is ________________.
Answer: Bipin Preet Singh

Q7. India has jumped 16 places in the revised United Nations World Tourism Organization (UNWTO) rankings to settle at 24th for 2015. Headquarter of UN World Tourism Organization is in ________________.
Answer: Madrid, Spain

Q8. According to a survey, the report of which was released by railway minister Suresh Prabhu, which station is cleanliest among the 75 busiest stations in the country?
Answer: Visakhapatnam

Q9. Turbo Megha Airways has become the first private airline to get a licence to fly under UDAN, the government scheme for subsidized regional flights. It is ______________ based Airline Company.
Answer: Hyderabad

Q10. Who is the current Secretary-General of the United Nations World Tourism Organization (UNWTO)?
Answer: Taleb Rifai

Q11. In Cricket, Mumbai Indians lifted the 10th Indian Premier League trophy for the third time. Who was the highest run Scorer in the tournament?
Answer: David Warner

Q12. Scientists at NASA have recently discovered a new bacteria found only on the International Space Station (ISS). The bacteria has been named after the name of which eminent Indian Scientist?
Answer: A.P.J. Abdul Kalam

Q13. Who was/were recently conferred the Banga Samman, West Bengal's highest civilian award, by Chief Minister Mamata Banerjee?
Answer: Soumitra Chatterjee and Y.C. Deveshwar

Q14. Name the Indian boy who has recently won the world’s largest pre-college science competition, The Intel International Science and Engineering Fair (Intel ISEF) in the US in the environmental engineering category.
Answer: Prashant Ranganathan

Q15. Who was Purple Cap winner in the 10th edition of IPL 2017 and he was from which team?
Answer: Bhuvneshwar Kumar, Sun Risers Hyderabad