Stocks and Shares problems
- 1. A 12% stock yielding 10% is quoted at:
Options- A. 67
- B. 110
- C. 112
- D. 120 Discuss
Correct Answer: 120
Explanation:
To earn Rs. 10, money invested = Rs. 100.
To earn Rs. 12, money invested = = Rs. 120.
Market value of Rs. 100 stock = Rs. 120.
- 2. By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at ?
Options- A. Rs. 145
- B. Rs. 245.1
- C. Rs. 96
- D. Rs. 75 Also asked in: AIEEE, Bank Exams, CAT, GATE, GRE, Bank Clerk, Bank PO
Correct Answer: Rs. 96
Explanation:
Michel earns Rs. 135 by investing Rs. 1620
To earn Rs. 8 how much he have to invest...?
= (8 x 1620)/135 = Rs. 96
- 3. Which is better investment : 11% stock at 143 (or) 9 3/4% stock at 117 ?
Options- A. Both are equally good
- B. 9 3/4% stock at 117
- C. Cannot be compared, as the total amount of investment is not given
- D. 11% stock at 143 Also asked in: CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk
Correct Answer: 9 3/4% stock at 117
Explanation:
Let investment in each case be Rs. (143 x 117).
Income in 1st case = Rs.
x 143 x 117 = Rs. 1287.
Income in 2nd case = Rs.
x 143 x 117= Rs. 1394.25
Clearly, 9 3/4% stock at 117 is better.
- 4. A man invested Rs. 4455 in Rs. 10 shares quoted at Rs. 8.25. If the rate of dividend be 12%, his annual income is:
Options- A. 107.04
- B. 648
- C. 500
- D. 648.60 Discuss
Correct Answer: 648
Explanation:
Number of shares = = 540.
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = = Rs. 648.
- 5. Find the cost of 96 shares of Rs. 10 each at 34 discount, brokerage being 1/4 per share.
Options- A. 912
- B. 921
- C. 920
- D. 900 Discuss
Correct Answer: 912
Explanation:
Cost of 1 share =
Cost of 96 shares = = Rs. 912.
- 6. The cash realised on selling a 14% stock is Rs.106.25, brokerage being 1/4% is
Options- A. 123
- B. 106
- C. 100
- D. 156 Discuss
Correct Answer: 106
Explanation:
Cash realised= Rs. (106.25 - 0.25)
= Rs. 106.
- 7. Mr. Shankar spends 25% of his monthly salary on household expenditure, 20% of the remaining on children?s education, and the remaining is equally invested in three different schemes. If the amount invested in each scheme is Rs.5600, what is the monthly salary of Shankar ?
Options- A. Rs. 34000
- B. Rs. 31245
- C. Rs. 24315
- D. Rs. 28000 Also asked in: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO
Correct Answer: Rs. 28000
Explanation:
Let the monthly salary of Shankar be = Rs.x
Amount invested on expenditure = 25% = x/4;
Remaning amount = 3x/4;
Amount invested on children education = 20% i.e = 3x/20;
Remaining amount = 3x/4 - 3x/20 = 3x/5;
Remaining amount invested in three different schemes i.e is 1/3(3x/5)
=> x/5 = 5600
Therefore x = 28000
Hence, Monthly salary of Shankar is Rs. 28,000.
- 8. The market value of a 10.5% stock, in which an income of Rs. 756 is derived by investing Rs. 9000, brokerage being 14 % is :
Options- A. Rs.108.25
- B. Rs.112.20
- C. Rs.124.75
- D. Rs.125.25 Discuss
Correct Answer: Rs.124.75
Explanation:
For an income of Rs.756, investment = Rs.9000
For an income of Rs. , investment = = Rs.125
For a Rs.100 stock, investment = Rs.125.
Market value of Rs. 100 stock = = Rs. 124.75
- 9. A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:
Options- A. 3:5
- B. 2:1
- C. 16:15
- D. 4:5 Discuss
Correct Answer: 16:15
Explanation:
For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs.32/3
For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10.
Ratio of investments =(32/3) : 10 = 32 : 30 = 16 : 15.
- 10. A invested some money in 10% stock at 96. If B wants to invest in an equally good 12% stock, he must purchase a stock worth of :
Options- A. Rs.80
- B. Rs.115.20
- C. Rs.120
- D. Rs.125.40 Discuss
Correct Answer: Rs.115.20
Explanation:
For an income of Rs. 10, investment = Rs. 96.
For an income of Rs. 12, investment = Rs. (96/10)*12 = Rs. 115.20.
More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.