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 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
Question 2
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 3
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 4
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 5
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 6
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 7
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 8
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 9
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 10
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 11
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 12
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 13
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 14
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 15
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 16
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 17
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 18
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 19
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 20
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 21
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 22
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 23
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 24
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 25
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 26
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 27
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 28
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 29
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 30
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 31
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 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
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 34
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 35
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 36
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. 150
Question 37
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. 120
B. 121
C. 130
D. 151
Question 38
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 39
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 40
If the banker’s discount on a certain amount of money is Rs. 80 and the true discount on the same amount for the same time duration is Rs. 64, then the amount due is:
A. 310
B. 320
C. 330
D. 340
Question 41
Find the banker’s gain, if the present worth of a certain amount is Rs.2400 and the true discount is Rs.120.
A. 5
B. 7
C. 6
D. 8
Question 42
The banker’s gain on a bill due 2 years hence at 10% per annum is Rs.10. What is the true discount?
A. Rs. 20
B. Rs. 30
C. Rs. 40
D. Rs. 50
Question 43
What is the banker’s discount, if the true discount on a bill of Rs. 840 is Rs.105?
A. Rs. 100
B. Rs. 110
C. Rs. 120
D. Rs. 130
Question 44
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 45
The banker's gain on a bill due 1 year hence at 10% per annum is Rs. 20. What is the true discount?
A. Rs. 200
B. Rs. 100
C. Rs. 150
D. Rs. 250
Question 46
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
Question 47
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 48
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
Question 49
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
Question 50
The Banker Gain 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 51
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 per cent?
A. 8%
B. 12%
C. 10%
D. 6%
Question 52
The present worth of a sum due sometimes hence is Rs.5760 and the baker's gain is Rs.10. What is the true discount?
A. Rs. 480
B. Rs. 420
C. Rs. 120
D. Rs. 240
Question 53
The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?
A. Rs. 19
B. Rs. 22
C. Rs. 20
D. Rs. 21
Question 54
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. Rs. 258
B. Rs. 278
C. Rs. 228
D. None of these
Question 55
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
Question 56
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
Question 57
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 58
A bill for Rs. 3000 is drawn on 14th July at 5 months. It is discounted on 5th October at 10%. What is the Banker's Discount?
A. Rs. 60
B. Rs. 82
C. Rs. 90
D. Rs. 120
Question 59
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