Important questions about Bankers Discount. Bankers Discount MCQ questions with answers. Bankers Discount exam questions and answers for students and interviews.

1. Mr Jaspal purchased a cow for Rs. 3,000 and sold it to Mr Dharampal, on the same day, for Rs. 3,600 , allowing Dharampal a credit of 2 years . If the rate of interest be 10% per annum , then the Jaspal has a gain of:

Options

A : Nil

B : 5%

C : 750

D : 10%

2. The bankers gain of a certain sum due 2 years hence at 10% per annum is Rs 24 .The percent worth is

Options

A : 400

B : 800

C : 500

D : 600

3. The banker's discount on a certain sum due 2 years hence is11/10of the true discount. The rate percent is:

Options

A : 10%

B : 7%

C : 8%

D : 5%

4. The banker's discount on Rs. 1650 due a certain time hence is Rs. 165. Find the true discount and the banker's gain.

Options

A : 15

B : 20

C : 18

D : 13

5. If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker's discount on the same sum for the same time and at the same rate?

Options

A : 50

B : 129

C : 100

D : 160

6. The banker's discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.

Options

A : 7 months

B : 6 months

C : 3 months

D : 4 months

7. The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

Options

A : 62

B : 58

C : 47

D : 50

8. The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

Options

A : 108

B : 115

C : 100

D : 120

9. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

Options

A : 1315

B : 1150

C : 1020

D : 980

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

Options

A : Rs. 4500

B : Rs. 6000

C : Rs. 5000

D : Rs. 4000

1. The bankers discount and the true discount of a sum at 10% per annum simple interest for the same time are Rs.100 and Rs.80 respectively. What is the sum and the time?

Options

A : Sum = Rs.400 and Time = 5 years

B : Sum = Rs.200 and Time = 2.5 years

C : Sum = Rs.400 and Time = 2.5 years

D : Sum = Rs.200 and Time = 5 years

2. A bill for Rs. 6000 is drawn on July 14 at 5 months. It is discounted on 5th October at 10%. Find the banker's discount, true discount, banker's gain and the money that the holder of the bill receives.

Options

A : 4390

B : 6580

C : 5880

D : 5350

3. The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.

Options

A : 1457

B : 1320

C : 1140

D : 1260

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

Options

A : 8 months

B : 11 months

C : 10 months

D : 9 months

5. The present worth of a bill due sometime hence is Rs. 1100 and the true discount on the bill is Rs. 110. Find the banker's discount and the banker's gain.

Options

A : Rs.145

B : Rs.136

C : Rs.121

D : Rs.112

6. If the true discount on a certain sum due 6 months hence at 15% is Rs 120.What is the bankers discount on the same for same time and the same rate.

Options

A : Rs.109

B : Rs.119

C : Rs.129

D : Rs.139

7. The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

Options

A : Rs. 24

B : Rs. 12

C : Rs. 36

D : Rs. 18

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

Options

A : Rs. 2

B : Rs. 1.25

C : Rs. 2.25

D : Rs. 0.5

9. The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

Options

A : 290

B : 480

C : 360

D : 420

10. The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is: