FPSC · Other · N/A
Solved banker's discount MCQs — 15 questions on banker's discount, banker's gain, true discount, present worth, sum due and rate percent, with verified answers and explanations. Free online practice for FPSC, PPSC, NTS and all one-paper exams. Covers banker's discount problems.
Paper Snapshot
Questions
15
Time
15
Minutes
Subjects
1
Topics
9
Read mode shows correct answers. Attempt mode hides answers, starts timer, and shows your result after submission.
About this paper
This is the Arithmetic: Banker's Discount solved MCQ bank from Advanced FPSC & Other Federal Model Papers (Edition 32): 15 published questions (book p. 763, all 15 printed) on the banker's discount and banker's gain, their relation to the true discount and present worth, the sum due, and the rate percent and time. Every answer was re-solved from scratch and agrees with the book's printed Answer Key on p. 763, with no overrides and no dropped items.
Paper Controls
Subject 1
Topic Section
2 solved MCQs shown directly below
Correct Answer: Rs. 129
Banker's gain = simple interest on the true discount = 120 x 15 x (1/2) / 100 = Rs. 9, so the banker's discount = 120 + 9 = Rs. 129.
Correct Answer: Rs. 108
Present worth = 540 - 90 = Rs. 450, so the banker's gain = 90 x 90 / 450 = Rs. 18, and the banker's discount = 90 + 18 = Rs. 108.
Topic Section
2 solved MCQs shown directly below
Correct Answer: 4 months
Banker's discount = 1800 x 12 x T / 100 and true discount = 1872 x 12 x T / (100 + 12T); equating them gives 100 + 12T = 104, so T = 1/3 year = 4 months.
Correct Answer: 4 months
Banker's discount = 1600 x 15 x T / 100 and true discount = 1680 x 15 x T / (100 + 15T); equating them gives 100 + 15T = 105, so T = 1/3 year = 4 months.
Topic Section
1 solved MCQs shown directly below
Correct Answer: Rs. 37.62
Banker's gain = true discount squared / present worth = 36 x 36 / 800 = Rs. 1.62, so the banker's discount = 36 + 1.62 = Rs. 37.62.
Topic Section
1 solved MCQs shown directly below
Correct Answer: Rs. 16
Banker's gain = true discount squared / present worth = 160 x 160 / 1600 = Rs. 16.
Topic Section
1 solved MCQs shown directly below
Correct Answer: Rs. 600
True discount = banker's gain x 100 / (rate x time) = 24 x 100 / (10 x 2) = Rs. 120, and present worth = true discount x 100 / (rate x time) = 120 x 100 / 20 = Rs. 600.
Topic Section
3 solved MCQs shown directly below
Correct Answer: Rs. 50
True discount = banker's gain x 100 / (rate x time) = 6 x 100 / (12 x 1) = Rs. 50.
Correct Answer: Rs. 400
True discount = banker's discount x 100 / (100 + rate x time) = 420 x 100 / (100 + 15 x 4/12) = 42000 / 105 = Rs. 400.
Correct Answer: Rs. 96
True discount = square root of (present worth x banker's gain) = square root of (576 x 16) = square root of 9216 = Rs. 96.
Topic Section
1 solved MCQs shown directly below
Correct Answer: Rs. 1020
True discount = 270 x 100 / (12 x 3) = Rs. 750, so the banker's discount = 750 + 270 = Rs. 1020.
Topic Section
3 solved MCQs shown directly below
Correct Answer: 12%
From the banker's discount, sum x rate = 558 x 100 / 1.5 = 37200; then 37200 x 2 / (100 + 2 x rate) = 600 gives 100 + 2 x rate = 124, so the rate is 12%.
Correct Answer: 5%
Banker's discount / true discount = (100 + rate x time) / 100 = 11/10, so rate x 2 = 10, giving a rate of 5%.
Correct Answer: 9 1/9%
Banker's gain / banker's discount = true discount / sum due = (rate x time) / (100 + rate x time) = 3/25, so 300 + 4.5 x rate = 37.5 x rate, giving a rate of 9 1/9%.
Topic Section
1 solved MCQs shown directly below
Correct Answer: Rs. 360
Sum due = banker's discount x true discount / (banker's discount - true discount) = 72 x 60 / 12 = Rs. 360.
Source & verification
Built by GK360 from verified bank questions — every answer rechecked before publishing.
Questions
15 questions, all 15 printed in the book. Nothing was dropped and no answer was overridden.
Finding the banker's discount from a given true discount, the banker's gain from the present worth, the true discount from a given banker's discount or gain, the present worth and the sum due, and the rate percent and time from the ratio of banker's discount to true discount or of banker's gain to banker's discount.
Yes. Every answer was re-solved from scratch — banker's gain as simple interest on the true discount, true discount as the square root of present worth times banker's gain, and the sum due as banker's discount times true discount divided by their difference — and agrees with the book's printed Answer Key on p. 763.
Banker's discount and true discount appear in the arithmetic sections of FPSC, PPSC, NTS, PTS and CSS MPT one-paper exams, so the same methods apply across all of them.
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