Indian Institute of Technology
Question : The difference between Simple and Compound Interest (compounded annually) on Rs. 40,000 for 3 years at 8% per annum is:
Option 1: Rs. 684.32
Option 2: Rs. 788.48
Option 3: Rs. 784.58
Option 4: Rs. 4,000
Correct Answer: Rs. 788.48
Solution : The formula for the difference between Compound Interest(CI) and Simple Interest(SI) for 3 years is given by: $CI-SI=\frac{PR^{2}(300+R)}{100^{3}}$, where $P$ is principal and $R$ is rate of interest per annum compounded annually. ⇒ $CI-SI=\frac{40000\times8^{2}\times(300+8)}{100^{3}}$ ⇒ $CI-SI=\frac{788480000}{1000000}$ $\therefore CI-SI=788.48$ Hence, the correct answer is Rs.
Question : Statement 1: SEBI's protective functions aim to safeguard the interests of investors.
Statement 2: SEBI's protective functions focus solely on promoting company profitability.
Option 1: Statement 1 is true, and statement 2 is true.
Option 2: Statement 1 is true, but statement 2 is false.
Option 3: Statement 1 is false, and statement 2 is true.
Option 4: Statement 1 is false, and statement 2 is false.
Correct Answer: Statement 1 is true, but statement 2 is false.
Solution : The correct answer is (b) Statement 1 is true, but statement 2 is false.
Statement 1 is true. One of SEBI's main objectives is to protect the interests of investors by ensuring fair practices, market integrity, and
Question : The sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
A) Human relationships are a matter of great concern for every one of us B) Nevertheless, social scientists have attached many other elements that actually help us for a good social life C) As it helps us all to have a coordinated, balanced, and approachable life D) The present generation fails to take cognisance of all such elements and fall prey to a lonely life, risking happiness.
Option 1: ADBC
Option 2: DABC
Option 3: ABCD
Option 4: ACBD
Correct Answer: ACBD
Solution : The correct choice is the fourth option.
The paragraph starts by introducing the general concern about human relationships in sentence A. Then, it explains why these relationships are important, emphasising the benefits they bring to our lives in terms of coordination, balance, and
Question : Parts of the following sentence have been given as options. Select the option that contains an error. The committee was divided on the issue, and neither side were willing to compromise on the compensation amount to be given.
Option 1: and neither side were willing to
Option 2: amount to be given
Option 3: compromise on the compensation
Option 4: The committee was divided on the issue
Correct Answer: and neither side were willing to
Solution : The correct choice is the first option.
Explanation:
The subject in this sentence is "neither side", which refers to a singular subject. Therefore, it should be followed by a singular verb.
So, the correct sentence would be: "The committee was
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