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 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