Insta–DART (Daily Aptitude and Reasoning Test) 2020 - 21
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Considering the alarming importance of CSAT in UPSC CSE Prelims exam and with enormous requests we received recently, InsightsIAS has started Daily CSAT Test to ensure students practice CSAT Questions on a daily basis. Regular Practice would help one overcome the fear of CSAT too.
We are naming this initiative as Insta– DART – Daily Aptitude and Reasoning Test. We hope you will be able to use DART to hit bull’s eye in CSAT paper and comfortably score 100+ even in the most difficult question paper that UPSC can give you in CSP-2021. Your peace of mind after every step of this exam is very important for us.
Looking forward to your enthusiastic participation (both in sending us questions and solving them on daily basis on this portal).
Wish you all the best ! 🙂
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Question 1 of 5
1. Question
What is the difference between the simple interest on a principal on Rs. 500 being calculated at 5% per annum for 3 years and 4% per annum for 4 years?
Correct
Answer : a
5% for 3 years (SI) = 15% of the amount; At the same time 4% SI for 4 years means 16% of the amount. The difference between the two is 1% of the amount. 1% of 500 = Rs. 5
Incorrect
Answer : a
5% for 3 years (SI) = 15% of the amount; At the same time 4% SI for 4 years means 16% of the amount. The difference between the two is 1% of the amount. 1% of 500 = Rs. 5
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Question 2 of 5
2. Question
What is the simple interest on a sum of Rs. 700 if the rate of Interest for the first 3 years is 8% per annum and for the last 2 years is 7.5% per annum?
Correct
Answer : c
8% @ 700=Rs. 56 per year for 3 years
7.5% @700=Rs. 52.5 per year for 2 years
Total interest = 56 x 3+ 52.5 x 2= 273.
Incorrect
Answer : c
8% @ 700=Rs. 56 per year for 3 years
7.5% @700=Rs. 52.5 per year for 2 years
Total interest = 56 x 3+ 52.5 x 2= 273.
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Question 3 of 5
3. Question
What is the difference between compound interest and simple interest for the sum of 20,000 over a 2 year period if the compound interest is calculated at 20% and simple interest is calculated at 23 %?
Correct
Simple interest @ 23% = 4600 x 2 = 9200
Compound interest @20%
Rs. 8800 compound interest.
Difference = 9200 – 8800 = Rs. 400
Incorrect
Simple interest @ 23% = 4600 x 2 = 9200
Compound interest @20%
Rs. 8800 compound interest.
Difference = 9200 – 8800 = Rs. 400
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Question 4 of 5
4. Question
Find the compound interest on Rs. 1000 at the rate of 20% per annum for 18 months when interest is compounded half-yearly.
Correct
Answer : a
Compound interest = 1331 – 1000 = Rs 331
Incorrect
Answer : a
Compound interest = 1331 – 1000 = Rs 331
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Question 5 of 5
5. Question
Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420.
Correct
Answer : a
Solve using options. Thinking about option (a)
2000 = 2200 (after 1 year) = 2420 (after 2 years) which gives us an interest of Rs. 420 as required in the
problem.
Hence, this is the correct answer.
Incorrect
Answer : a
Solve using options. Thinking about option (a)
2000 = 2200 (after 1 year) = 2420 (after 2 years) which gives us an interest of Rs. 420 as required in the
problem.
Hence, this is the correct answer.
