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Data Interpretation Tricks, Shortcuts, Formulas for Bank Exams

Data Interpretation Tricks and Shortcuts for Bank Exams – IBPS PO, SBI PO

What is Data Interpretation?

Data Interpretation (DI) means nothing but understanding the given data to get inferences with the proper analysis of that data. To solve these types of problems, usage of data interpretation tricks is important for effective time management and to save time in competitive exams by doing fast calculations.

In this type of question, some data is provided in the form of tables or bar charts or pie charts or graph format and questions are asked based on the given data. Our task is to answer those questions simply by interpreting and analyzing the data smartly.

How to Solve Data Interpretation Questions Quickly

Data Analysis and Interpretation are just about playing with numbers using basic maths operations Additions, Subtractions, multiplications. Is it Right? Some data is given in the form of graphs, tables, charts. We need to analyze that data and answer the given questions.

Bank Exam Tips and TricksData Interpretation Practice Problems With Solutions

10 Tips to solve Data Interpretation Questions quicker

Solving DI Questions using Data Interpretation tricks is a technique, we should know which question to skip and which question to answer and don’t stick to lengthy calculations. Here are some tricks to solve data interpretation questions quickly. DI is all about to test your calculation ability, how you can analyze and make decisions in less time. The basic tricks we need to understand before solving the data interpretation questions using shortcut methods are.

1. Memorize some basic maths to improve calculation ability: For solving, Data Interpretation problems in less time. At first, you need to self-assess your mathematical knowledge whether you have the following things in your mind.

  • Mathematical tables up to 20.
  • Squares of numbers 1to 302.
  • Cubes of numbers 13   to  20
  • Powers of 2 up to 6.
  • Powers of 3 up to 5.
  • Fractional values 1/2, 1/3  ……… 1/20.

2. Learn some fast calculation tips to save time

3. Improve your mental calculation ability. Which comes by practicing more model question papers.
4. Use approximate values while solving DI problems: In DI, for some questions, we don’t need to get exact answers. For such questions use approx. values to solve. This approach saves time.

5. Use previous calculations if needed again: While solving some questions, we require previously solved answers. For those questions, use previous answers and no need to calculate the same sums again and again. Reuse previous calculations at required places

6. Skip time-consuming questions and do at the end. Don’t waste time with lengthy calculations: According to our above analysis, some questions need lengthy calculations. First check, whether you can able to solve such questions using shortcut methods, maths tricks and by following calculation tips in less time.

Trick: Need to know which question to pick and which question to skip and also where we have to use a pen and where we have to mental calculations and where to use approximations while solving the questions.

7.  Get answers by watching the diagram:  For some questions, we can get answers by seeing the diagram itself carefully. No need to use pen and paper in solving that sort of question. Avoid paperwork for simple calculations.

8. Important Topics to concentrate on Data Analysis and Interpretation: Data Analysis and Interpretation majorly covers questions from these 3 areas of quantitative aptitude.

      • Ratios: The ratio is nothing but comparing two same values in different niches.
      • Percentages: The percentage is nothing but finding some value out of 100.
      • Averages: Averages are nothing but additions and division of given numbers

 So, speed up your calculations and focus more on these topics in learning smart techniques, shortcuts, formulas, etc.,

9. Follow the Right Approach while Practice:

Speed along with accuracy plays the main role in one’s success in bank exams. Speed improves mainly through the right approach of practice. we have to analyze our performance in every go and make improvements in weak areas to have a better performance next time.

10. Use Data Interpretation Shortcut Tricks to save Time

With the analysis of recent competitive exams – ibps po, sbi po, sbi clerk, ibps clerk, RBI exams, RRB exams. DI questions will be asking based on aptitude topics also –

Study aptitude formulas and shortcuts on the above topics and speed maths trick to solve data interpretation questions quicker.

Data Interpretation Practice Problems With Solutions

Data Interpretation Formulas

We use some aptitude formulas in solving DI questions. Most Common questions are asking in this format from Percentages

1) X is what % of y that means x/y * 100.

Eg: 72 is what % of 360 = [72/360]×100 =20%

2) What percentage is x of y? I.e. x/y * 100.

3) X is what percent more than y = x-y/y * 100

4) X is what percent less than y = y-x/y * 100

5) Percentage change between two particular values = [final – initial/ initial] * 100

Memorize some fractional values and percentage values.

      • 1/2 = 50%
      • 1/3 = 33.33%
      • ¼ = 25%
      • 1/5 = 20%
      • 1/6 =16.66%
      • 1/7 = 14.28%
      • 1/8 = 12.5%
      • 1/9 = 11.11%
      • 1/10 = 10%
      • 1/11 =9.09 %
      • 1/12 = 8.33%
      • 1/13 = 7.69%
      • 1/14 = 7%
      • 1/15 = 6.66%
      • 1/16 = 6.25%
      • 1/17 = 5.88%
      • 1/18 =5.55%
      • 1/19 = 5.26%
      • 1/20= 5%
      • 5%= 1/20 = 0.05
      • 10% =1/10 =0.1
      • 15% =3/20
      • 20% = 1/5
      • 25% = ¼
      • 30% =3/10
      • 40% =2/5
      • 50% =1/2
      • 55%=11/20
      • 60% = 3/5
      • 70% = 7/10
      • 75% = 3/4
      • 80% = 4/5
      • 90% = 9/10
      • 100%=1
      • 6 ¼ % = 1/6
      • 12 ½ % = 1/8
      • 16 2/3 % = 1/6
      • 33 1/3 % = 1/3
      • 66 2/3 % =2/3
      • 125% =5/4
      • 150% = 3/2

Click here for shortcut tricks on percentages for doing fast calculations.

Comparison of two fractions:

Eg: Compare, 3/4, and 1/4.

By seeing itself, we can say 3/4 is big. Implement here our logic of cross multiplication of two fractions.

¾ ¼ we get, 12 and 4 we know 12 > 4 so we can say ¾ >1/4

Apply the same logic big fractions it’s very simple and takes less time.

Formulas on Averages:

  • Average = sum of elements/ no. of elements  (or) (a1 + a2 + a3 + a4 +………… an)/n
  • Sum of first n odd numbers:   1 + 3 + 5 + ………… + (2n-1)= n2
  • Sum of first n even numbers:  2 + 4 + 6 + …………+ 2n = n (n+1).
  • Sum of first n natural numbers: 1+2+3 +4 + ……..+n = n(n+1)/2.
  • Sum of squares of first n natural numbers: 12 + 22 + 32 + 42 + 52 + 62 + …………+n2 = [n (n+1)(2n+1)]/6.
  • Sum of cubes of first n natural numbers:  13 + 23+33 + 43 + …… + n= [n(n+1)/2]2

Multiplication Tricks

Multiply Big Numbers Ending With 5 in Less than 5 Seconds | Multiplication Tricks

Multiplication Tricks to Multiply with 11| Speed Maths Tips

What is data interpretation in bank exams?

Data Interpretation is an important concept in almost every competitive exam today in the quantitative aptitude section especially in all types of bank exams. In IBPS clerks, SBI clerk exams – 2 to 3 sets i.e. 25 to 30 questions on data interpretation and data analysis are given. As per the latest exam pattern for IBPS PO, SBI PO recruitment, The Quantitative-Aptitude section itself is labeled as Data  Analysis and Interpretation and more than 90% of the questions are given from data interpretation.

With the analysis of previous exam papers, we can clearly understand the importance of having good knowledge & grip on data interpretation topics. So friends, if you people improve your mental ability in doing calculations quickly and smartly by following some fast calculation tips & tricks, shortcut methods, and formulas by applying them at the right place.

Data Interpretation For Bank Exams – IBPS PO & SBI PO

For SBI PO Exam, data analysis and interpretation is a very important topic and if we focus this on proper planning and solving di questions using data interpretation tricks then, it’s not too hard to get a good score in this section.

From previous papers, we can expect mostly Data Interpretation problems are asked in the form of pie charts, line charts, bar graphs, mixed graphs, spider graphs, etc.,

Mostly, we can expect questions on these topics – Percentages, Ratio, and Proportion, Averages. So friends, focus on those areas while practicing. Improve your calculation ability using shortcuts, formulas and speed math’s tricks.

First know SBI PO Syllabus, Exam Pattern, and Cutoff Score. What kind of questions are you asking? and how many questions are asking? With the analysis of SBI PO Previous years Question papers from Data Interpretation Part.

My personal experience of attempting  SBI PO’s and IBPS PO Exams, I found in many bank exams of officer (PO) cadres that out of 35 questions in data interpretation and data analysis section. We found questions are asked based on the below strategy.

      • Easy to solve – 10 Q’s
      • Easy but lengthy(time taking) – 5 Q’s (Better not to touch such questions at first round)
      • Moderate (can be solvable) – 5 Q’s
      • Moderate to high – 10 Q’s
      • Tuff  – 5 Questions

Which topics come under data interpretation? 

There are various models 0f presenting data in Data Interpretation and Data Analysis. The type of data interpretation questions asked in various competitive exams – IBPS, SBI, and other bank exams are

      • Bar Graph.
      • Line Chart.
      • Tabular Form.
      • Caselet Form.
      • Radar/Web.
      • Pie Chart.
      • Missing Data Interpretation: Missing values in a tabular form have given last time. The data will be given and some values have been missed we have to analyze the given data and find missing values. (or) The data in a paragraph will be explained and we need to answer the questions with the analysis of that paragraph.
      • Mixed Graphs: 1 pie chart along with a tabular data, 1 bar chart along with a tabular data.
      • Spider graph.

Which book is best for data interpretation?

Data Interpretation is the one which even better than quantitative aptitude to be confident about our answers. Before going to practice, learn the above shortcut methods on percentages, approximations, ratios, and important maths formulas and then find the best book to practice different types of data interpretation questions asking in bank exams from easy to difficult levels for both prelims and mains examination.

Why Banks Concentrate More on (Data Interpretation & Data Analysis) DI for higher-level jobs like Probationary Officers/ Management Trainees?

Basically, in any type of organization, there will be some data and by analyzing that they have to make some quick decisions effectively on day-to-day activities.

So, Data Interpretation and Data Analysis is the key area to test the talent of the candidates who are trying for such type of jobs in the banking sector.

Practice More and More di  Questions using data interpretation tricks and formulas

We feel calculation ability is key to get a high score in the Quantitative Aptitude section and Data Interpretation. To improve your calculation ability through more and more practice of previous papers, learning shortcuts, formulas, etc., without implementation learning shortcuts won’t help in exams. Practice more questions using DI shortcuts. Spend at least 1 hour daily to learn and implement shortcuts

Most of the bank exam aspirants have an idea on quantitative aptitude topics, formulas, and shortcuts but the thing is to know where to use the shortcut and when to use makes difference. We become familiar with those tricks is only through practice. So, practice more and more questions.

Data Interpretation Questions with Solutions for Practice Click Here.