Professional Documents
Culture Documents
Sign In/Sign
Dedicated to the Young and Energetic Force of Bankers Out
WELCOME WEBSITES
A person invested Rs. 100000 in a bank FDR @ 6% p.a. for 1 year. If interest is
compounded on quarterly basis, the amount payable shall be ......
a. 101363
Sure Shot
b. 130613
MultiBagger c. 106136
Stocks + d. 136106
Intraday Stock
Ans - d
tips (No
Advance Explanation :
Payment - Join Here,
Free)
P = 100000
R = 6% quarterly = 0.015% p.a.
T = 1 yr = 4 quarters
FV = P * (1 + R)^T
So,
FV = 100000 * (1+0.015)^4
= 106136
.............................................
A bond with a par-value of Rs. 100 is purchased for 95.92 and it paid a Coupon rate of
5%. Calculate its current yield.
http://www.jaiibcaiibmocktest.com/07-03-18-caiib.php 1/6
3/12/2018 Free Mock Test for JAIIB & CAIIB
a. 5.12
b. 5.21
c. 5.34
d. 5.43
Ans - b
Explanation :
A person wants to receive Rs. 1250 every quarter for 5 years @ 12% roi. How much he
should invest now?
a. 18975
b. 18795
c. 18579
d. 18597
Ans - d
Explanation :
Here,
P = 1250
R = 12% quarterly = 3% p.a.
T = 5 yrs = 20 quarters
PV = P / R * [(1+R)^T - 1]/(1+R)^T
Linear Trend is calculated as Tt=28.5+075t. the trend projection for period is 15 is ......
a. 11.25
b. 28.50
c. 39.75
d. 44.25
Ans - c
solution:
A card is drawn at random from a deck of cards. Find the probability of getting 3 of
diamond.
a. 1/52
b. 1/38
c. 3/ 56
d. 3/38
Ans - 1
Solution :
Since a pack consist 52 cards and among that cards there are 13 diamonds.
Now for same space { A card is drawn out of 52 cards i.e n( S ) = ( 52,a. = n( S ) = 52
Now for event for occurring 3 of diamonds in one drawn out of 13= n( E ) = 1 ( If you
look at the 13 diamond cards the number 3 diamond card is just 1 )
Hence probability of occurrence of getting 3 of diamond
P(E)= n(E)/n(S)
= 1/52
.............................................
http://www.jaiibcaiibmocktest.com/07-03-18-caiib.php 2/6
3/12/2018 Free Mock Test for JAIIB & CAIIB
A person borrowed Rs. 10000 from the bank @ 12% p.a. for 1 year, payable on EMI
basis. What is the amount of EMI?
a. 889
b. 898
c. 989
d. 998
Ans - a
Explanation :
Here,
P = 10000
R = 12% yearly = 0.01% monthly
T = 1 Y = 12 months
EMI = P * R * [(1+R)^T/(1+R)^T-1)]
So,
EMI = 10000*0.01*(1+0.01)^12 ÷ {(1+0.01)^12 – 1}
= 889
.............................................
A construction company plans to purchase a new earthmover for Rs. 350000 in 5 years.
Determine the annual savings required to purchase the earthmover if the return on
investment is 12%.
a. 55904
b. 55094
c. 55490
d. 55049
Ans - b
Explanation :
Here,
FV = Rs. 350000
T = 5 years
R = 12%
FV = P / R * [(1+R)^T - 1]
A zero-Coupon bond has a future value of Rs. 1000 and matures in 2 years and can be
currently purchased for Rs. 925. Calculate its current yield.
a. 2.78
b. 2.98
c. 3.78
d. 3.98
Ans - d
Explanation :
Here
1000 = 925 × (1 + r)^2
So,
r = 1.0398 – 1
= 0.0398
= 3.98%
.............................................
http://www.jaiibcaiibmocktest.com/07-03-18-caiib.php 3/6
3/12/2018 Free Mock Test for JAIIB & CAIIB
a. 3317
b. 3371
c. 3713
d. 3731
Ans - d
Solution
a. 38520
b. 38250
c. 35820
d. 35280
Ans - d
Explanation :
Here,
P = 65600
R = 5% p.a.
T = 2 yrs
EMI = P * R * [(1+R)^T/(1+R)^T-1)]
a. 25210
b. 22150
c. 22510
d. 21520
Ans - c
Solution :
Now there are 4 quarters (as compounding is quarterly) Interest rate per quarter is 3
per cent. So,
C4 = PV(1+i/100)^4
= 10000(1.0c.^4
= 10000*1.125509
= 22510
.............................................
Assume that you have a 6% Coupon console bond. The original face value is Rs. 1000
and the interest rate is 9%. Find the current value of this bond.
a. 567
b. 576
c. 667
d. 676
Ans - c
Explanation :
21 bricks have a mean mass of 24.2 kg, and 29 similar bricks have a mass of 23.6 kg.
Determine the mean mass of the 50 bricks.
a. 18.35 kg
b. 20.35 kg
c. 23.85 kg
d. 32.85 kg
Ans - c
Solution :
Mean value = ((21 x 24.2) + 29 x 23.6 )) / (21+29)
= 1192.6 / 50
= 23.85 kg
.............................................
A 12%, 4-year bond of Rs. 100 was purchased by x for Rs. 100. If the market interest
rate increased by 1%, what will the market price?
a. 93.07
b. 90.37
c. 97.03
d. 79.30
Ans - c
Explanation :
P = 100
CR = 12%
YTM = 12 + 1 = 13%
So, Price = 97.03
.............................................
Mrs. Z is to receive Rs. 60000 from bank at the end of 3 years, being the maturity value
of a term deposit. How much he is depositing now, if the interest rate is 10%?
a. 40578
b. 45078
c. 47058
d. 48075
Ans - b
Explanation :
PV
= FV ÷ (1+r)T
= 60000 ÷ 1.3331
= Rs. 45078
.............................................
http://www.jaiibcaiibmocktest.com/07-03-18-caiib.php 5/6
3/12/2018 Free Mock Test for JAIIB & CAIIB
Home About JAIIB-CAIIB Mock Test Study Material Sample Papers Contact Us
http://www.jaiibcaiibmocktest.com/07-03-18-caiib.php 6/6