Banker’s Discount mcqs test 01 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: Rs.37.62 Rs.45 Rs.40.50 Rs.42.50 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: 8 months 7 months 6 months 4 months 3. The bankers discount on a certain sum due 2 years hence is 11/10 of the true discount. The rate percent is: 12% 9% 5% 15% 4. The banker’s gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The present worth is ? Rs.900 Rs.7000 Rs.600 Rs.800 5. The banker’s discount on a bill due 4 months hence at 15% is Rs.420. The true discount is: Rs. 600 Rs.500 Rs.300 Rs.400 6. The banker’s gain on a sum due 3 years hence at 12% per annum is Rs.270. The banker’s discount is? Rs.1020 Rs.1050 Rs.1080 Rs.1250 7. The bankers gain on a bill due one year hence at 12% per annum is Rs.6. The true discount is: Rs.70 Rs.60 Rs.50 Rs.85 8. 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. 7 months 2 months. 6 months 4 months 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: Rs.4000 Rs.425 Rs.360 Rs.200 10. 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? Rs.140 Rs.133 Rs.136 Rs.129 11. The true discount on a bill of Rs.540 is Rs.90. The banker’s discount is: Rs.150 Rs.100 Rs.90 Rs.1088 12. 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: 7% 9% 18% 12% 13. The present worth of a certain sum due sometime hence is Rs.1600 and the true discount is Rs.160. The banker’s gain is: Rs,18 Rs.10. Rs.16 Rs.22 14. The banker’s gain on a certain sum due 1 –1/2 years hence is 3/25 of the banker’s discount. The rate percent is: 9 1/9% 7.5% 13% 10.5% 15. The present worth of a sum due sometime hence is Rs.576 and the banker’s gain is Rs:16. The true discount is: Rs.96 Rs.48 Rs.120 Rs.300 Loading …