Stocks and Shares Quiz Set 003

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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?

 A

Rs. 120.

 B

Rs. 130.

 C

Rs. 110.

 D

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.


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?

 A

Rs. 1024.

 B

Rs. 1124.

 C

Rs. 924.

 D

Rs. 1224.

Soln.
Ans: a

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


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?

 A

Rs. 13200.

 B

Rs. 13300.

 C

Rs. 13100.

 D

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.


Question 4

What will be my annual income if I invest Rs. 5850 in a 11% stock at Rs. 117?

 A

Rs. 550.

 B

Rs. 650.

 C

Rs. 450.

 D

Rs. 750.

Soln.
Ans: a

The required income is $11/117$ × 5850 = Rs. 550.


Question 5

What is the market value of a 10% stock that yields 11%?

 A

Rs. $90{10/11}$.

 B

Rs. $45{5/11}$.

 C

Rs. $27{3/11}$.

 D

Rs. $72{8/11}$.

Soln.
Ans: a

For an income of Rs. 11, the investment is Rs. 100. So, for an income of Rs. 10 the investment would be Rs. $100/11$ × 10 = Rs. $90{10/11}$.


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This Blog Post/Article "Stocks and Shares Quiz Set 003" by Parveen (Hoven) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Updated on 2019-08-18.

Posted by Parveen(Hoven),
Aptitude Trainer


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