Bankers Discount and True Discount Aptitude Questions with Answers PDF Download

Bankers Discount and True Discount Aptitude Questions with Answers PDF Download

Bankers Discount and True Discount Questions and Answers: Banker's discount questions and answers is one of the rarely asked question in the competitive exams and the interviews (off campus & walk ins ). There are many true discount aptitude questions are found in both online and offline mode. Our Indiagrade team members selected the repeatedly asked true discount bankers discount aptitude questions from all the competitive exam question papers. Candidates are advised use this opportunity and they are asked to start the preparation for their bank exams and other examinations. You can download the essential formulas for the bankers discount and true discount as PDF file.

True Discount and Bankers Discount example question and Solutions:

Q1: Calculate the The rate percentage where the bankers discount on a certain sum due two years, hence is 11/10 of the true discount. 

(a) 5%
(b) 10%
(c) 15%
(d) 2%

Q2: The interest on rupees 750 for two years is the same as the true discount on rupees 960 due two years. The rate of interest is the same in both cases.

(a) 10%
(b) 8%
(c) 14%
(d) 18%

Q3: Find the true discount. The banker's gain on bill due one year at 12% per year is six rupees.

(a) 40
(b) 25
(c) 30
(d) 50

Q4: The true discount and simple interest the on a certain sum for a given time and at a given rate are Rs.80 and Rs.85 respectively. Find the sum?

(a) 1450
(b) 1360
(c) 1854
(d) 1550

Q5: The certain worth of a certain sum due sometime is rupees 600 and the true gain is rupees 160. Calculate banker's discount?

(a) 16
(b) 15
(c) 12
(d) 17

Q6: The true gain on a bill due nine months at 16% per year is rupees 189. Calculate the amount of the bill?

(a) 1850
(b) 1578
(c) 1764
(d) 1650

Q7: The true discount on 1760 rupees due after a certain time at 12% per year is 160 rupees. Calculate the time after which it is due?

(a) 5 months
(b) 4 months
(c) 12 months
(d) 10 months

Q8: Ten rupees be allowed as true discount on a bill of 110 rupees due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time?

(a) 15.54
(b) 16.30
(c) 18.33
(d) 16.50

Q9: The bankers discount on 1600 rupees at 15% per year is the same as true discount on 1680 rupees for the same time and at the same rate. Find the time?

(a) 4 months
(b) 6 months
(c) 10 months
(d) 8 months

Q10: A trader owes a merchant 10,028 INR due one year. The trader wants to settle the amount after three months. How much money should he pay, If the rate of interest 12% per year. 

(a) 8000
(b) 9200
(c) 7500
(d) 8560

Bankers Discount and True Discount


Q1: (a)
Q2: (c)
Q3: (d)
Q4: (b)
Q5: (a)
Q6: (c)
Q7: (d)
Q8: (c)
Q9: (a)

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