Stocks and Shares Quiz Set 015

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Question 1

How many shares of market value of Rs. 500 per share can be purchased for Rs. 408000, if the brokerage is 2%?

 A

Rs. 800.

 B

Rs. 810.

 C

Rs. 790.

 D

Rs. 820.

Soln.
Ans: a

Each share will cost 500 + $(2 × 500)/100$ = Rs. 510. So total shares = 408000/510 = 800.


Question 2

How many shares of market value of Rs. 600 per share can be purchased for Rs. 370800, if the brokerage is 3%?

 A

Rs. 600.

 B

Rs. 610.

 C

Rs. 590.

 D

Rs. 620.

Soln.
Ans: a

Each share will cost 600 + $(3 × 600)/100$ = Rs. 618. So total shares = 370800/618 = 600.


Question 3

If dividend income after investing Rs. 5900 in a 14% stock is Rs. 700, then what is the value of the stock?

 A

Rs. 118.

 B

Rs. 128.

 C

Rs. 108.

 D

Rs. 138.

Soln.
Ans: a

Let the value be Rs. V. The income is $14/V$ × 5900 = Rs. 700. Solving, we get V = Rs. 118.


Question 4

Rs. 67900 is invested in Rs. 87 shares having a market rate of Rs. 97. If the dividend on the shares is 18%, what is the total income?

 A

Rs. 10962.

 B

Rs. 11062.

 C

Rs. 10862.

 D

Rs. 11162.

Soln.
Ans: a

The total number of shares is 67900/97 = 700. Return for 1 share is $18/100$ × 87. Return for 700 shares = $18/100$ × 87 × 700 = Rs. 10962.


Question 5

If dividend income after investing Rs. 6100 in a 8% stock is Rs. 400, then what is the value of the stock?

 A

Rs. 122.

 B

Rs. 132.

 C

Rs. 112.

 D

Rs. 142.

Soln.
Ans: a

Let the value be Rs. V. The income is $8/V$ × 6100 = Rs. 400. Solving, we get V = Rs. 122.


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This Blog Post/Article "Stocks and Shares Quiz Set 015" 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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