Bankers-Discount, MCQ (Free PDF)


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1. The banker's discount on a bill due 4 months hence at 15% is Rs. 420. What is the true discount?
A. Rs. 410
B. Rs. 400
C. Rs. 390
D. Rs. 380
Answer : Option B

2. The banker's discount on a certain amount due 2 years hence is 11∕10 of the true discount. What is the rate percent?
A. 1%
B. 5%
C. 10%
D. 12%
Answer : Option B

3. 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 : Option D

4. What is the banker's discount if the true discount on a bill of Rs.540 is Rs.90 ?
A. Rs. 108
B. Rs. 120
C. Rs. 102
D. Rs. 106
Answer : Option A

5. A bill for Rs. 3000 is drawn on 14th July 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 : Option A

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