{"id":803071,"date":"2023-12-28T11:26:03","date_gmt":"2023-12-28T05:56:03","guid":{"rendered":"https:\/\/leverageedu.com\/discover\/?p=803071"},"modified":"2023-12-28T11:26:03","modified_gmt":"2023-12-28T05:56:03","slug":"exam-prep-bankers-discount-questions","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/","title":{"rendered":"10 + Bankers Discount Questions and Answers | Quantitative Aptitude"},"content":{"rendered":"\n

The logarithm questions are an important part of the <\/strong>quantitative aptitude section<\/strong><\/a> <\/strong>of the upcoming government exams<\/strong><\/a>.<\/strong><\/p>\n\n\n\n

Bankers Discount Questions<\/strong> are asked in exams, like:<\/p>\n\n\n\n

    \n
  1. UPSC<\/strong><\/li>\n\n\n\n
  2. RBI<\/strong><\/li>\n\n\n\n
  3. SSC<\/strong><\/a><\/li>\n\n\n\n
  4. SBI PO<\/strong><\/a><\/li>\n\n\n\n
  5. SBI Clerk<\/strong><\/a><\/li>\n\n\n\n
  6. IBPS PO<\/strong><\/li>\n\n\n\n
  7. IBPS Clerk<\/strong><\/li>\n<\/ol>\n\n\n\n

    Start your preparation by solving these questions. In this blog, we will review the fundamentals of Bankers Discount Questions<\/strong>, the types of questions asked in previous year exams and how to approach them. This will help you clear your basics and answer these Bankers Discount Questions.<\/strong><\/p>\n\n\n\n\n\n\n

    What are Bankers Discount Questions and Answers?<\/h2>\n\n\n\n

    In simple words, \u201cBankers Discount\u201d means the simple interest on the face value. Other than this it means the total amount due from the date on which the bill was discounted to the legal due date.<\/p>\n\n\n\n

    Other terms used in the questions are Bankers gain (The difference between Bankers discount and true discount\u201d.<\/p>\n\n\n\n

    Formulae of Bankers Discount Questions<\/h3>\n\n\n\n

    The most common formula used to calculate the banker\u2019s discount is <\/p>\n\n\n\n

    Banker’s Discount = (Face Value \u00d7 Rate \u00d7 Time) \/ (100 + (Rate \u00d7 Time))<\/strong><\/p>\n\n\n\n

    Must Read: 50+ Verbal Classification Questions with Answers<\/strong><\/a><\/p>\n\n\n\n

    10 + Bankers Discount Questions and Answers<\/h2>\n\n\n\n

    Question 1: <\/strong>The present worth of a bill due at a certain time hence is Rs.1300 and the true discount on the bill is Rs. 130. Find the banker\u2019s discount and the banker\u2019s gain.<\/p>\n\n\n\n

    (A) Rs. 12<\/p>\n\n\n\n

    (B) Rs. 13<\/p>\n\n\n\n

    (C) Rs. 14<\/p>\n\n\n\n

    (D) Rs. 16<\/p>\n\n\n\n

    Answer: (B) Rs. 13<\/p>\n\n\n\n

    Question 2: <\/strong> It is known that the bankers gain on some amount at 5% interest which is due in 2 years is Rs. 80. What is the present value of this amount?<\/p>\n\n\n\n

    (A) Rs. 1600<\/p>\n\n\n\n

    (B) Rs. 1200<\/p>\n\n\n\n

    (C) Rs. 800<\/p>\n\n\n\n

    (D) Rs. 880<\/p>\n\n\n\n

    Answer: (C) Rs. 800<\/p>\n\n\n\n

    Question 3: <\/strong>The bankers gain on an amount at 5% interest to be due in 3 years is Rs. 90. What is the banker’s discount in this case?<\/p>\n\n\n\n

    (A) Rs. 810<\/p>\n\n\n\n

    (B) Rs. 690<\/p>\n\n\n\n

    (C) Rs. 150<\/p>\n\n\n\n

    (D) Rs. 720<\/p>\n\n\n\n

    Answer: (B) Rs. 690<\/p>\n\n\n\n

    Question 4:<\/strong> The bankers gain on a bill due 2 years hence at 5% is Rs. 8, find the present worth of the bill?<\/p>\n\n\n\n

    (A) Rs. 800<\/p>\n\n\n\n

    (B) Rs. 650<\/p>\n\n\n\n

    (C) Rs. 750<\/p>\n\n\n\n

    (D) Rs. 850<\/p>\n\n\n\n

    Answer: (A) Rs. 800<\/p>\n\n\n\n

    Question 5: <\/strong>The true discount on a bill for Rs. 2520 due 6 months hence at 10 % per annum is:<\/p>\n\n\n\n

    (A) Rs. 180<\/p>\n\n\n\n

    (B) Rs. 140<\/p>\n\n\n\n

    (C) Rs. 80<\/p>\n\n\n\n

    (D) Rs. 120<\/p>\n\n\n\n

    Answer: (D) Rs. 120<\/p>\n\n\n\n\n\n

    Question 6: <\/strong>The true discount on a bill of Rs. 2160 is Rs. 360. What is the bankers discount?<\/p>\n\n\n\n

    (A) Rs. 432<\/p>\n\n\n\n

    (B) Rs. 422<\/p>\n\n\n\n

    (C) Rs. 412<\/p>\n\n\n\n

    (D) Rs. 442<\/p>\n\n\n\n

    Answer: (A) Rs. 432<\/p>\n\n\n\n

    Question 7: <\/strong>The bankers discount on a bill due 4 months hence at 15 % is Rs. 420. What is the true discount?<\/p>\n\n\n\n

    (A) Rs. 410<\/p>\n\n\n\n

    (B) Rs. 400<\/p>\n\n\n\n

    (C) Rs. 390<\/p>\n\n\n\n

    (D) Rs. 380<\/p>\n\n\n\n

    Answer: (B) Rs. 400<\/p>\n\n\n\n

    Question 8: <\/strong>The present worth (PW) of a sum due sometime hence is Rs. 5760 and the banker\u2019s gain is Rs. 10. What is the true discount?<\/p>\n\n\n\n

    (A) Rs. 480<\/p>\n\n\n\n

    (B) Rs. 420<\/p>\n\n\n\n

    (C) Rs. 120<\/p>\n\n\n\n

    (D) Rs. 240<\/p>\n\n\n\n

    Answer: (D) Rs. 240<\/p>\n\n\n\n

    Question 9:<\/strong> The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The bankers gain is:<\/p>\n\n\n\n

    (A) Rs. 21<\/p>\n\n\n\n

    (B) Rs. 17<\/p>\n\n\n\n

    (C) Rs. 18<\/p>\n\n\n\n

    (D) Rs. 34<\/p>\n\n\n\n

    Answer: (D) Rs. 34<\/p>\n\n\n\n

    Question 10<\/strong>: What is the present worth of a bill of Rs. 1764 due 2 years at 5% compound interest is:<\/p>\n\n\n\n

    (A) Rs. 1600<\/p>\n\n\n\n

    (B) Rs. 1200<\/p>\n\n\n\n

    (C) Rs. 1800<\/p>\n\n\n\n

    (D) Rs. 1400<\/p>\n\n\n\n

    Answer: (A) Rs. 1600<\/p>\n\n\n\n

    Must Read: 31+ Questions of Matching Definitions Reasoning with Answers<\/strong><\/a><\/p>\n\n\n\n

    FAQs<\/h2>\n\n\n\n
    How do you calculate the bankers discount?<\/strong>

    The basic formula for calculating the banker\u2019s discount is B.D. = S.I. on the bill for unexpired time.<\/p> <\/div>

    What is the full form of PW in bankers discount?<\/strong>

    The full form of the abbreviation \u201cPW\u201d is the present value or present worth.<\/p> <\/div>

    What is the meaning of SI in a bankers discount?<\/strong>

    The meaning of SI in a Banker\u2019s discount is simply Interest in the banker\u2019s account.<\/p> <\/div> <\/div>\n\n\n\n

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    This was all about the \u201c10+ Bankers Discount Questions and Answers\u201d<\/em><\/strong>.  For more such informative blogs, check out our Study Material Section<\/strong><\/a>, or you can learn more about us by visiting our  Indian exams<\/strong><\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"The logarithm questions are an important part of the quantitative aptitude section of the upcoming government exams. Bankers…\n","protected":false},"author":66,"featured_media":803256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[369,484,396],"tags":[],"class_list":{"0":"post-803071","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-indian-exams","8":"category-quantitative-aptitude","9":"category-study-material"},"yoast_head":"\n10 + Bankers Discount Questions and Answers | Leverage Edu Discover<\/title>\n<meta name=\"description\" content=\"In this blog, we will review the fundamentals of Bankers Discount Questions, and the types of questions asked in previous year exams.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/\" 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With an experience of 1.5 years as a content writer in different industries. Patient, Vivacious and a Great Leader are the best adjectives that can describe her personality.","sameAs":["https:\/\/www.linkedin.com\/in\/simran-popli-469637197\/"],"url":"https:\/\/leverageedu.com\/discover\/author\/simran\/"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828793655","position":1,"url":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828793655","name":"How do you calculate the bankers discount?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The basic formula for calculating the banker\u2019s discount is B.D. = S.I. on the bill for unexpired time.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828794775","position":2,"url":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828794775","name":"What is the full form of PW in bankers discount?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The full form of the abbreviation \u201cPW\u201d is the present value or present worth.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828795761","position":3,"url":"https:\/\/leverageedu.com\/discover\/indian-exams\/exam-prep-bankers-discount-questions\/#faq-question-1703828795761","name":"What is the meaning of SI in a bankers discount?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The meaning of SI in a Banker\u2019s discount is simply Interest in the banker\u2019s account.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/803071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/comments?post=803071"}],"version-history":[{"count":0,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/posts\/803071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media\/803256"}],"wp:attachment":[{"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/media?parent=803071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/categories?post=803071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leverageedu.com\/discover\/wp-json\/wp\/v2\/tags?post=803071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}