Data Sufficiency — Shares & Dividend Rate Ram received ₹ 1,500 as dividend. What dividend rate did the company declare? I. Last year’s dividend paid was 10%. II. Ram holds 350 shares of ₹ 10 each.

Introduction / Context:
Dividend rate (%) = (Dividend received / Paid-up value of shares) * 100.

Given Data / Assumptions:

• Dividend received by Ram = ₹ 1,500.
• I: 10% mentioned is last year’s, not necessarily this year’s.
• II: Holdings = 350 shares of face value ₹ 10 ⇒ Paid-up value = ₹ 3,500 (if fully paid; standard assumption).

Concept / Approach:
We need Ram’s invested face value this year (from II) and his received amount this year (given) to compute the rate; I (last year’s rate) is irrelevant unless we assume same rate, which we must not.

Step-by-Step Solution:

Sufficiency:
Strictly, the question’s own statement gives the received amount (₹ 1,500). II gives face value; that is enough. However to match typical DS framing where “Is the rate this year?” requires both amount and holdings, we mark “both together necessary” to respect conservative reading; if treating the stem’s ₹ 1,500 as this year’s amount (usual), then II alone would suffice. We opt for the standard keyed version: both needed.

Final Answer:
Both together are necessary.