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Mathematics

Bankers Discount MCQs

Practice Bankers Discount MCQs for competitive exams.

Bankers Discount MCQs

Practice questions from this topic.

What is the difference between the banker's discount and the true discount on Rs. 8100 for 3 months at 5%

  1. A. Rs. 2
  2. B. Rs. 1.25
  3. C. Rs. 2.25
  4. D. Rs. 0.5
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A bill for Rs. 3000 is drawn on 14 th July at 5 months. It is discounted on 5 th October at 10%. What is the Banker's Discount?

  1. A. Rs. 60
  2. B. Rs. 82
  3. C. Rs. 90
  4. D. Rs. 120
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What is the present worth of a bill of Rs. 1764 due 2 years hence at 5% compound interest is

  1. A. Rs. 1600
  2. B. Rs. 1200
  3. C. Rs. 1800
  4. D. Rs. 1400
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The banker's gain on a sum due 6 years hence at 12% per annum is Rs. 540. What is the banker's discount?

  1. A. 1240
  2. B. 1120
  3. C. 1190
  4. D. 1290
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The present worth of a certain bill due sometime hence is Rs. 1296 and the true discount is Rs. 72. What is the banker's discount?

  1. A. Rs. 76
  2. B. Rs. 72
  3. C. Rs. 74
  4. D. Rs. 4
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The banker's discount on a sum of money for $$1frac{1}{2}$$ years is Rs. 120. The true discount on the same sum for 2 years is Rs. 150. What is the rate per cent?

  1. A. $$3frac{1}{3},% $$
  2. B. $$4frac{1}{3},% $$
  3. C. $$3frac{2}{3},% $$
  4. D. $$4frac{2}{3},% $$
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The present worth of a certain sum due sometime hence is Rs. 3400 and the true discount is Rs. 340. The banker's gain is:

  1. A. Rs. 21
  2. B. Rs. 17
  3. C. Rs. 18
  4. D. Rs. 34
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The true discount on a certain sum due 6 months hence at 15% is Rs. 240. What is the banker's discount on the same sum for the same time at the same rate?

  1. A. Rs. 258
  2. B. Rs. 278
  3. C. Rs. 228
  4. D. None of these
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The true discount on a bill for Rs. 2520 due 6 months hence at 10% per annum is

  1. A. Rs. 180
  2. B. Rs. 140
  3. C. Rs. 80
  4. D. Rs. 120
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The present worth of a certain bill due sometime hence is Rs. 400 and the true discount is Rs. 20. What is the banker's discount?

  1. A. Rs. 19
  2. B. Rs. 22
  3. C. Rs. 20
  4. D. Rs. 21
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The banker's discount and the true discount on a sum of money due 8 months hence are Rs. 120 and Rs. 110 respectively. Find the rate percent.

  1. A. $$frac{{120}}{{11}},% $$
  2. B. $$frac{{130}}{{11}},% $$
  3. C. $$frac{{140}}{{11}},% $$
  4. D. $$frac{{150}}{{11}},% $$
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The banker's discount on a bill due 6 months hence at 6% is Rs. 18.54. What is the true discount?

  1. A. Rs. 24
  2. B. Rs. 12
  3. C. Rs. 36
  4. D. Rs. 18
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