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