Stocks and Shares Quiz Set 014

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Question 1

Mrs. K invests a part of Rs. 39600 in 4% stock at Rs. 120, and the remainder in 5% stock at Rs. 110. If her dividend per annum is Rs. 1480, 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 4% stock at Rs. 120 would be ${(39600- x) × 4}/120$. The sum is Rs. 1480. So $(x × 5)/110$ + ${(39600- x) × 4}/120$ = 1480. 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»

Question 2

If dividend income after investing Rs. 5600 in a 7% stock is Rs. 350, then what is the value of the stock?

 A

Rs. 112.

 B

Rs. 122.

 C

Rs. 102.

 D

Rs. 132.

Soln.
Ans: a

Let the value be Rs. V. The income is $7/V$ × 5600 = Rs. 350. Solving, we get V = Rs. 112.

Solution | Discuss! | Chapters»

Question 3

Rs. R1 are invested in 6% stock at Rs. 75, and R2 is invested in 12% stock at Rs. 100. If the dividends are equal then the ratio of R1 and R2 is?

 A

3:2.

 B

4:2.

 C

3:3.

 D

6:7.

Soln.
Ans: a

Return from investing R1 is $6/75$ × R1. If it equals return from R2, $6/75$ × R1 = $12/100$ × R2. So, R1/R2 = $12/100$ × $75/6$ = 3:2.

Solution | Discuss! | Chapters»

Question 4

An investor has put x Rs. in 4% stock at Rs. 127, and the remaining, Rs. (1214 - x) in 6% at Rs. 113. If the dividends are equal, what is x?

 A

Rs. 762.

 B

Rs. 862.

 C

Rs. 662.

 D

Rs. 962.

Soln.
Ans: a

Dividends are equal, so ${x × 4}/127$ = ${(1214 - x) × 6}/113$. Solving, we get x = Rs. 762.

Solution | Discuss! | Chapters»

Question 5

An amount of Rs. 2176 is invested in a stock with market value of Rs. 112. The investor earns Rs. 136. What is the dividend(%) of the stock?

 A

7%.

 B

9%.

 C

10%.

 D

12%.

Soln.
Ans: a

If investment is Rs. 2176 the earning is Rs. 136. So, if the investment is Rs. 112 the earning should be $136/2176$ × 112 = 7%.

Solution | Discuss! | Chapters»
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Updated on 2020-02-07. Published on: 2016-04-28

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