Data Interpretation for Banking PO | How to Solve?

0

Data interpretation is the most scoring as one of the most time-consuming section in IBPS and SBI PO as well as other competitive exams. In most banking exams, you can see at least you can see at least 2 data interpretation sets each having 5 questions. So, you are going to have at least 10 even 15 questions on DI itself.  Now, consider the fact that in  PO level there are 40-50 questions in the Quantitative aptitude section and the sectional cutoff usually remains 18-19. So if you solve the two sets correctly, then you would only need to solve 10 questions out of the remaining 40 questions. Here we would look at how you can solve Data Interpretation for Banking PO Exams.

Data Interpretation for Banking PO: Things to Keep in Mind

Well, it is next to impossible to solve 200 questions in 120 minutes. There many candidates attempting 190+ questions and fail to qualify. The reason behind the failure is low accuracy and but in doing so, their level falls below 40%. So, the target should be to solve maximum questions accurately.

Here is what you need to do maximize accuracy when it comes to solving Data Interpretation

1) Read the question carefully

Before rushing over the Data Interpretation Question, just stay calm and read the question carefully. In data interpretation, it is important to understand the question in order to come with the right answer

2) Analyze the Data Carefully

Just wait and spend 3-5 seconds to have a through look at the data given. Analyze the data. Look carefully at the labels, understand the graph, scrutinize the data very carefully and then proceed towards solving the solve the question. You should practice the different difficulty level of questions, this will give you a clear view of the different types of bank exam questions and also how much time you are taking to solve those questions.

3) Don’t worry about too much data

Often, Data Interpretation for Banking PO Questions contains a lot of unnecessary data which is not required. When you look at the question you might probably get confused due to too much information present in front of you. It is advisable to read the Data Interpretation Question properly to understand what exactly is needed.

4) Skip Questions if they take up too much of your time

Always remember that they are asking too much and you are spending too much time to solve it. Some of them require lots of calculation to find answers. The better decision is to leave the question alone and instead solve a simpler question. Attempt these categories of questions at the end if only the time is left.

5. Practice, practice:

As most of the data interpretation questions are bar graphs and pie charts.We would suggest candidates to read daily newspapers, journals and magazines regularly because in some cases some DI questions are based on graphs and data related to the information given in the newspapers only.

Solving Data Interpretation for Banking PO – The LURA Technique

Learning the LURA Technique

Data interpretation questions can be of many types but the technique for solving them is almost the same. Almost all the questions can be solved using the LURA technique. What is the LURA technique? It is the simple and the most efficient way of solving data interpretation question. Let us take a closer look at the technique and see what it is all about.

The LURA technique basically involves four steps that you should follow to solve IBPS RRB DI questions. These steps are:

  • LOOK – The first thing that you have to do is look at the graphical data that is presented to you. It can be a line graph, a table, or a pie-chart or anything of that sort.
  • UNDERSTAND – Just understand the data that is being provided in the chart. If it is a line graph, bar chart or any such pictorial representation of data, then try to identify the actual value of the data. For example, if it’s a bar graph and the bar ends exactly midway between 100 and 200, then the value depicted by that bar is 150. This would take some practice, but it would come.
  • READ – Once you have had a brief understanding of the data, read the question carefully. This is the most important stage of the process. After reading the question, understand what data you might need to answer the question. Extract that data from the table, graph or the bar chart provided to you.
  • ANSWER – After you have successfully extracted the data, you need to answer the question. Sometimes, you need to do certain calculations to arrive at the answer. Don’t worry, the calculations would be pretty basic in nature

Solving Data Interpretation Questions with the Help of the LURA Technique

Question: The bar graph given below shows the sales of books (in thousand number) from six branches of a publishing company during two consecutive years 2000 and 2001.

 data interpretation for banking PO

What is the ratio of the total sales of branch B2 for both years to the total sales of branch B4 for both years?

Options:

A.2:3
B. 3:5
C. 4:5
D. 7:9

Solution: Step 1 – We can see that we are given a bar chart, with the different values for the sale of books of different branches and in different years.

Step 2 – The next thing that we need to do is read the chart. The chart is pretty precise and you can read the data quite easily.

Step 3 – We need to know about the data that we need to solve the question. According to the question, we need to the sales for branch  B2 and Branch B4 for both 2000 and 2001

Sale of Branch 2 in 2000 -75

Sale of Branch 2 in 2001 – 65

Sale of Branch 4 in 2000 – 85

Sale of Branch 4 in 2001 – 95

So the ratio is (75+65)/(85+65)=140/180=7/9 or 7:9

Answer: Option D

So, these were some of the tricks that you can use when it comes to solving Data Interpretation for Banking PO. We hope that you found the article to be useful. For more such useful articles, keep browsing Topprnotes