Stocks and Shares Quiz Set 016

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Question 1

How many shares of market value of Rs. 1100 per share can be purchased for Rs. 346500, if the brokerage is 5%?

 A

Rs. 300.

 B

Rs. 310.

 C

Rs. 290.

 D

Rs. 320.

Soln.
Ans: a

Each share will cost 1100 + $(5 × 1100)/100$ = Rs. 1155. So total shares = 346500/1155 = 300.

Solution | Discuss! | Chapters»

Question 2

Mr. X invests Rs. 13000 in 15% stock at Rs. 150. How much will he earn?

 A

Rs. 1300.

 B

Rs. 1400.

 C

Rs. 1200.

 D

Rs. 1500.

Soln.
Ans: a

His earning = $15/150$ × 13000 = Rs. 1300.

Solution | Discuss! | Chapters»

Question 3

Mrs. K invests a part of Rs. 50400 in 6% stock at Rs. 140, and the remainder in 2% stock at Rs. 120. If her dividend per annum is Rs. 1720, how much did she invest in 2% stock?

 A

Rs. 16800.

 B

Rs. 16900.

 C

Rs. 16700.

 D

Rs. 17000.

Soln.
Ans: a

If she invests x in 2% stock at Rs. 120, then her income from this investment is Rs. $(x × 2)/120$. Her income from the 6% stock at Rs. 140 would be ${(50400- x) × 6}/140$. The sum is Rs. 1720. So $(x × 2)/120$ + ${(50400- x) × 6}/140$ = 1720. Solving for x we get x = Rs. 16800. 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 4

Rs. R1 are invested in 9% stock at Rs. 150, and R2 is invested in 27% stock at Rs. 90. If the dividends are equal then the ratio of R1 and R2 is?

 A

5:1.

 B

6:1.

 C

5:2.

 D

8:6.

Soln.
Ans: a

Return from investing R1 is $9/150$ × R1. If it equals return from R2, $9/150$ × R1 = $27/90$ × R2. So, R1/R2 = $27/90$ × $150/9$ = 5:1.

Solution | Discuss! | Chapters»

Question 5

What is the market value of a 9% stock that yields 14%?

 A

Rs. $64{2/7}$.

 B

Rs. $32{1/7}$.

 C

Rs. $19{2/7}$.

 D

Rs. $51{3/7}$.

Soln.
Ans: a

For an income of Rs. 14, the investment is Rs. 100. So, for an income of Rs. 9 the investment would be Rs. $100/14$ × 9 = Rs. $64{2/7}$.

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

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