Bankers Discount MCQ Questions & Answers

Bankers Discount MCQs : This section focuses on the "Bankers Discount". These Multiple Choice Questions (MCQs) should be practiced to improve the Bankers Discount skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.

Question 1

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

A. Rs. 37

B. Rs. 37.62

C. Rs. 34.38

D. Rs. 38.98

Question 2

The banker's discount on a sum of money for 1.5 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

A. 10%

B. 13%

C. 12%

D. 15%

Question 3

The bankers 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.

A. 4 months

B. 5 months

C. 6 months

D. 3 months

Question 4

The true discount on a bill of Rs. 2700 is Rs. 200. What is the banker's discount?

A. Rs. 210

B. Rs. 212

C. Rs. 216

D. Rs. 218

Question 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.

A. Rs.145

B. Rs.136

C. Rs.121

D. Rs.112

Question 6

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

Question 7

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

A. Rs. 72

B. Rs. 36

C. Rs. 54

D. Rs. 50

Question 8

The banker's gain on a certain sum due 1.5 years hence is (3/25) of the banker's discount. The rate percent is:

A. 5(1/5)%

B. 9(1/11)%

C. 8(1/8)%

D. 6(1/6)%

Question 9

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

Question 10

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

Question 11

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?

A. 50

B. 129

C. 100

D. 160

Question 12

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

A. 108

B. 115

C. 100

D. 120

Question 13

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.

A. Rs.109

B. Rs.119

C. Rs.129

D. Rs.139

Question 14

Two consecutive discounts x% and y% is equivalent to the discount

A. (x-y+xy100)%

B. (x+y+xy100)%

C. (x-y-xy100)%

D. (x+y-xy100)%

Question 15

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

Question 16

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. The time is:

A. 3 months

B. 4 months

C. 6 months

D. 8 months

Question 17

The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:

A. Rs. 36

B. Rs. 72

C. Rs. 48

D. Rs. 96

Question 18

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:

A. Rs. 360

B. Rs. 432

C. Rs. 540

D. Rs. 1080

Question 19

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.

A. 7 months

B. 6 months

C. 3 months

D. 4 months

Question 20

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

Question 21

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

A. 400

B. 800

C. 500

D. 600

Question 22

The banker's discount on a certain sum due 2 years hence is (11/10) of the true discount. The rate percent is:

A. 11%

B. 10%

C. 5%

D. 5.5%

Question 23

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

A. Rs. 480

B. Rs. 520

C. Rs. 600

D. Rs. 960

Question 24

The B.D. and T.D. on a certain sum is Rs.200 and Rs.100 respectively. Find out the sum.

A. Rs. 400

B. Rs. 300

C. Rs. 100

D. Rs. 200

Question 25

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

A. Rs. 24

B. Rs. 12

C. Rs. 36

D. Rs. 18

Question 26

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

Question 27

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?

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

Question 28

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

A. 1457

B. 1320

C. 1140

D. 1260

Question 29

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

A. 15

B. 20

C. 18

D. 13

Question 30

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

A. Rs. 60

B. Rs. 108

C. Rs. 110

D. Rs. 112

Question 31

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

A. Rs. 960

B. Rs. 840

C. Rs. 1020

D. Rs. 760

Question 32

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

Question 33

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.

A. 4390

B. 6580

C. 5880

D. 5350

Question 34

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:

A. Rs. 20

B. Rs. 24

C. Rs. 16

D. Rs. 12

Question 35

The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

A. Rs. 400

B. Rs. 360

C. Rs. 480

D. Rs. 320