Stocks and Shares Quiz Set 017

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Question 1

Rs. 16200 is invested in Rs. 71 shares having a market rate of Rs. 81. If the dividend on the shares is 12%, what is the total income?

 A

Rs. 1704.

 B

Rs. 1804.

 C

Rs. 1604.

 D

Rs. 1904.

Soln.
Ans: a

The total number of shares is 16200/81 = 200. Return for 1 share is $12/100$ × 71. Return for 200 shares = $12/100$ × 71 × 200 = Rs. 1704.

Solution | Discuss! | Chapters»

Question 2

Mrs. K invests a part of Rs. 54000 in 2% stock at Rs. 150, and the remainder in 8% stock at Rs. 120. If her dividend per annum is Rs. 1680, how much did she invest in 8% stock?

 A

Rs. 18000.

 B

Rs. 18100.

 C

Rs. 17900.

 D

Rs. 18200.

Soln.
Ans: a

If she invests x in 8% stock at Rs. 120, then her income from this investment is Rs. $(x × 8)/120$. Her income from the 2% stock at Rs. 150 would be ${(54000- x) × 2}/150$. The sum is Rs. 1680. So $(x × 8)/120$ + ${(54000- x) × 2}/150$ = 1680. Solving for x we get x = Rs. 18000. 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 3

Mr. X invests Rs. 12000 in 10% stock at Rs. 100. How much will he earn?

 A

Rs. 1200.

 B

Rs. 1300.

 C

Rs. 1100.

 D

Rs. 1400.

Soln.
Ans: a

His earning = $10/100$ × 12000 = Rs. 1200.

Solution | Discuss! | Chapters»

Question 4

Rs. 21600 is invested in Rs. 14 shares having a market rate of Rs. 24. If the dividend on the shares is 11%, what is the total income?

 A

Rs. 1386.

 B

Rs. 1486.

 C

Rs. 1286.

 D

Rs. 1586.

Soln.
Ans: a

The total number of shares is 21600/24 = 900. Return for 1 share is $11/100$ × 14. Return for 900 shares = $11/100$ × 14 × 900 = Rs. 1386.

Solution | Discuss! | Chapters»

Question 5

If my annual dividend income after investing Rs. 6200 in a stock at Rs. 124 is Rs. 650, then what % divided is paid by the company?

 A

13%.

 B

14%.

 C

12%.

 D

15%.

Soln.
Ans: a

Let the dividend be p%. The income is $p/124$ × 6200 = Rs. 650. Solving, we get p = 13%.

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

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