Stocks and Shares Quiz Set 003 | Maths Aptitude Quiz Questions and Mock Test on Stocks and Shares Set 3 | mock tests for Bank PO, SSB/SSC Exams, SO Clerical Exam, GATE Exam, LIC AO, GIC AO, etc.

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Question 1

If dividend income after investing Rs. 6000 in a 12% stock is Rs. 600, then what is the value of the stock?

Rs. 120.

Rs. 130.

Rs. 110.

Rs. 140.

Soln.
Ans: a

Let the value be Rs. V. The income is $12/V$ × 6000 = Rs. 600. Solving, we get V = Rs. 120.

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Question 2

An investor has put x Rs. in 4% stock at Rs. 128, and the remaining, Rs. (1500 - x) in 8% at Rs. 119. If the dividends are equal, what is x?

Rs. 1024.

Rs. 1124.

Rs. 924.

Rs. 1224.

Soln.
Ans: a

Dividends are equal, so ${x × 4}/128$ = ${(1500 - x) × 8}/119$. Solving, we get x = Rs. 1024.

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Question 3

Mrs. K invests a part of Rs. 39600 in 2% stock at Rs. 120, and the remainder in 5% stock at Rs. 110. If her dividend per annum is Rs. 1040, how much did she invest in 5% stock?

Rs. 13200.

Rs. 13300.

Rs. 13100.

Rs. 13400.

Soln.
Ans: a

If she invests x in 5% stock at Rs. 110, then her income from this investment is Rs. $(x × 5)/110$. Her income from the 2% stock at Rs. 120 would be ${(39600- x) × 2}/120$. The sum is Rs. 1040. So $(x × 5)/110$ + ${(39600- x) × 2}/120$ = 1040. Solving for x we get x = Rs. 13200. Please note that if the calculation seems tough in the exam, you can try direct substitution of options one by one.

Solution | Discuss! | Chapters»