Around 5-7 questions come from this topic every year. You can fetch good marks in this area when you know the basics. You should learn the ‘BODMAS’ rule to solve simplification questions.
There is no substitute for practice to ace this topic. Practice at least 20 simplification questions every day to become a pro. With increased practice, you will understand the correlation between different calculations.
While solving approximation problems, don’t try calculating exact figures as approximate values are enough. Memorise tables till 25, squares till 30 and cubes till 20 to solve problems in this section. Understanding and incorporating the option elimination strategy can also help you ace the questions in this section.
Using these techniques will boost your speed in solving questions. Moreover, understanding the basic concept of simplification problems will also help you solve Data Interpretation problems faster.
2. Number Series
Usually, you will get five questions on this topic. Around two to three out of the five questions will be extremely simple. In particular, questions about missing and incorrect number series are pretty common.
Practising adequate questions from this section will help you become familiar with frequent patterns. Once you become capable of analysing patterns, you will be able to solve questions on this topic within seconds.
It is prudent not to spend too much time solving questions on this topic. If you cannot solve a pattern within one minute, then proceed to the next question.
3. Data Interpretation
The Data Interpretation section includes questions from the following:
- Missing D.I.
- Line Graph
- Table Graph
- Bar Chart
- Pie Chart
- Mixed Graphs
4. Profit and Loss
Apart from using the concept of Profit, Loss and Discounts in Data Interpretation questions, you will also find separate questions based on this concept. Some important terms to remember related to solving questions from this topic are as follows:
- Cost Price (CP): The price at which something is purchased from the market.
- Selling Price (SP): It refers to the amount at which products are sold.
- Profit or Gain = SP – CP
- Loss = CP – SP
You can expect questions about where you need to profit or loss from the given SP and CP. You can also get questions where you will be asked to guess the SP or CP from the given profit or loss. You might also be asked to calculate the profit or loss percentage.
Percentage questions are also common. Understanding how to solve percentage problems can also help you answer questions from Approximation, Profit and Loss and Data Interpretation.
You will get a minimum of one question on this topic in the Prelims. You will be able to use this concept to solve Data Interpretation questions. Learn the basic formula to calculate the average to solve questions from this topic.
7. Simple Interest
You need to know all the basic formulas to solve questions from this section. You should acquaint yourself with basic terms like principal, interest, rate of interest, amount and time. You should know how to convert the rate of interest and time period to solve questions on this topic.
8. Compound Interest
Learn the basic formula of calculating compound interest to solve questions on this topic. You should understand the difference between compound interest and simple interest before starting to solve questions.
Compound interest is applied to the rate of interest to the borrowed amount. The interest amount accumulated during the preceding month is also included under compound interest.
While SI remains constant, CI keeps fluctuating throughout the time for which the amount was borrowed. You need a strong knowledge of the concept of percentage to solve Compound Interest questions.
9. Time, Speed and Distance
You need to know three formulas to solve questions on this topic:
- Speed = Distance/Time
- Time = Distance/Speed
- Distance = Speed * Time
10. Ratio and Proportion
Solving questions from previous years will help you understand the importance of this topic. To solve these questions, you should understand the concepts of ration, proportion and their different types.
Probability questions are extremely important for banking exams. Some important terms to solve questions from this topic are as follows:
- Experiment: It refers to what we are doing.
- Outcome: The results of the experiment are known as the outcome.
- Favourable outcome: The results that we might be interested in are favourable outcomes.
- Total possible outcomes: It refers to the possible results of an experiment.
The probability of any event can be calculated by using the total possible outcomes to divide the favourable outcome.
After knowing the important topics, look for study materials and other resources to begin your preparations. With patience and a lot of practice, you will do well in the banking exams.
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