Banker's Discount MCQ Question with Answer

Banker's Discount MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Question No : 1
The true discount on  a bill of Rs.540 is rs.90 . The banker's discount is?

60
108
110
112

Question No : 2
The present worth of a certain bill due sometime hence is Rs.800 and true discount is Rs.36. The banker's discount is?

37
37.62
34.38
38.98

Question No : 3
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?

20
24
16
12

Question No : 4
The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs.24. The persent worth is?

480
520
600
960

Question No : 5
The gain on abill due 1 year hence at 12% per annum is Rs.6. The true discount is?

72
36
54
50

Question No : 6
The banker's discount on a bill due 4 months hence at 15% is Rs.420. The true discount is?

400
360
480
320

Question No : 7
The banker's gain on a sum due 3 years hence at 12% per annum is Rs.270. The banker's discount is?

960
840
1020
760