Explore topic-wise MCQs in Banker s Discount.

This section includes 27 Mcqs, each offering curated multiple-choice questions to sharpen your Banker s Discount knowledge and support exam preparation. Choose a topic below to get started.

1.

The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112
Answer» C. Rs. 110
Discussion
2.

The banker's discount on a certain sum due 2 years hence is 11/10 of the true discount The rate percent is:

A. 11%
B. 10%
C. 5%
D. 5.5%
Answer» D. 5.5%
Discussion
3.

The present worth of a sum due sometime hence is Rs. 576 and the banker's gain is Rs. 16. The true discount is:

A. Rs. 36
B. Rs. 72
C. Rs. 48
D. Rs. 96
Answer» E.
Discussion
4.

The banker's gain on a certain sum due 3/2 years hence is 3/25 of the banker' discount. The rate percent is:

A. 26/5%
B. 100/11%
C. 65/8%
D. 37/6%
Answer» C. 65/8%
Discussion
5.

The banker's gain on a bill due 1 year hence at 12% per annum is Rs. 6. The true discount is:

A. Rs. 72
B. Rs. 36
C. Rs. 54
D. Rs. 50
Answer» E.
Discussion
6.

The banker s gain of a certain sum due 3 years hence at 10% per annum is Rs. 36. What is the present worth ?

A. Rs. 400
B. Rs. 300
C. Rs. 500
D. Rs. 350
Answer» B. Rs. 300
Discussion
7.

A bill for Rs. 3000 is drawn on 14thJuly at 5 months. It is discounted on 5th October at 10%. What is the Banker s Discount?

A. Rs. 60
B. Rs. 82
C. Rs. 90
D. Rs. 120
Answer» B. Rs. 82
Discussion
8.

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?

A. Rs. 76
B. Rs. 72
C. Rs. 74
D. Rs. 4
Answer» B. Rs. 72
Discussion
9.

The banker s discount of a certain sum of money is Rs. 36 and the true discount on the same sum for the same time is Rs. 30. What is the sum due?

A. Rs. 180
B. Rs. 120
C. Rs. 220
D. Rs. 200
Answer» B. Rs. 120
Discussion
10.

The present worth of a sum due sometimes hence is Rs.5760 and the baker s gain is Rs.10. What is the true discount?

A. Rs. 480
B. Rs. 420
C. Rs. 120
D. Rs. 240
Answer» E.
Discussion
11.

The true discount on Rs. 2562 due 4 months hence is Rs. 122. The rate percent is:

A. 12%
B. 40/3%
C. 14%
D. 15%
Answer» E.
Discussion
12.

If the discount on Rs. 498 at 5% simple interest is Rs.18, when is the sum due?

A. 8 months
B. 11 months
C. 10 months
D. 9 months
Answer» E.
Discussion
13.

The banker s discount on a sum of money for 3 years is Rs. 1116. The true discount on the same sum for 4 years is Rs. 1200. What is the rate percent?

A. 8%
B. 12%
C. 10%
D. 6%
Answer» E.
Discussion
14.

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker s discount is :

A. Rs. 37
B. Rs. 37.62
C. Rs. 34.38
D. Rs. 38.98
Answer» C. Rs. 34.38
Discussion
15.

If the true discount on a certain sum due 6 months hence at 15% is Rs. 120, what is the banker s discount on the same sum for the same time and at the same rate?

A. 123
B. 129
C. 131
D. 137
Answer» C. 131
Discussion
16.

The banker s gain on a sum due 3 years hence at 12% per annum is Rs. 360. The banker s discount is:

A. Rs. 1360
B. Rs. 1000
C. Rs. 640
D. Rs. 360
Answer» B. Rs. 1000
Discussion
17.

The true discount on a bill of Rs. 540 is Rs. 90. The banker s discount is :

A. Rs. 60
B. Rs. 108
C. Rs. 110
D. Rs. 112
Answer» C. Rs. 110
Discussion
18.

The banker's discount on a sum of money for 3/2 years is Rs. 558 and the true discount on the same sum for 2 years is Rs. 600. The rate percent is:

A. 10%
B. 13%
C. 12%
D. 15%
Answer» D. 15%
Discussion
19.

The present worth of Rs. 2310 due 2.5 years hence, the rate of interest being 15% per annum, is:

A. Rs. 1750
B. Rs. 1680
C. Rs. 1840
D. Rs. 1443.75
Answer» C. Rs. 1840
Discussion
20.

What is the true discount if a banker s discount on a bill due 4 months hence is 420 at 15%?

A. 400
B. 410
C. 390
D. 380
Answer» B. 410
Discussion
21.

The present worth of a certain bill due sometime hence is Rs. 800 and the true discount is Rs. 36. The banker's discount is:

A. Rs. 37
B. Rs. 37.62
C. Rs. 34.38
D. Rs. 38.98
Answer» C. Rs. 34.38
Discussion
22.

The certain worth of a certain sum due sometime hence is Rs. 1600 and the true discount is Rs. 160. The banker's gain is:

A. Rs. 20
B. Rs. 24
C. Rs. 16
D. Rs. 12
Answer» D. Rs. 12
Discussion
23.

The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

A. Rs. 960
B. Rs. 840
C. Rs. 1020
D. Rs. 760
Answer» D. Rs. 760
Discussion
24.

The banker's discount of a certain sum of money is Rs. 72 and the true discount on the same sum for the same time is Rs. 60. The sum due is:

A. Rs. 360
B. Rs. 432
C. Rs. 540
D. Rs. 1080
Answer» B. Rs. 432
Discussion
25.

The banker's discount on Rs. 1600 at 15% per annum is the same as true discount on Rs. 1680 for the same time and at the same rate. The time is:

A. 3 months
B. 4 months
C. 6 months
D. 8 months
Answer» C. 6 months
Discussion
26.

The banker's gain of a certain sum due 2 years hence at 10% per annum is Rs. 24. The present worth is:

A. Rs. 480
B. Rs. 520
C. Rs. 600
D. Rs. 960
Answer» D. Rs. 960
Discussion
27.

The banker's discount on a bill due 4 months hence at 15% is Rs. 420. The true discount is:

A. Rs. 400
B. Rs. 360
C. Rs. 480
D. Rs. 320
Answer» B. Rs. 360
Discussion