100+ Stocks and Shares Aptitude Questions and Answers - 2

Question: 6

Find the annual income derived by investing Rs.6800 in 10% stock at 136.

(A) Rs. 400

(B) Rs. 500

(C) Rs. 600

(D) Rs. 700

Ans: B

By investing Rs.6800, income obtained = Rs. $$({10} / {136} × 6800)$$ = Rs. 500.

Question: 7

Find the income by investing Rs.81000 in 9% stock at 135.

(A) Rs.5400

(B) Rs.5500

(C) Rs.6000

(D) Rs.6400

Ans: A

Here, the market value of the stock = Rs. 81000.

By investing Rs. 135, stock of par value Rs.100 is available.

∴ Income on Rs. 135 is Rs. 9.

∴ Income on Rs. 81000 is Rs. $$({9} / {135} × 81000)$$ = Rs. 5400.

Question: 8

A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio

(A) 3 : 4

(B) 4 : 5

(C) 16 : 15

(D) 20 : 10

Ans: C

For an income of Rs. 1 in 9% stock at 96,
investment = Rs. $$({96} / {9})$$ = Rs. $${32} / {3}$$.

For an income of Rs. 1 in 12% stock at 120

investment= Rs. $$({120} / {12})$$ = Rs. 10.

∴ Ratio of investments = $${32/ 3} : 10$$ = 32 : 30 = 16 : 15.

Question: 9

Find the income on 12% stock of Rs. 60000 purchased at Rs. 110.

(A) Rs. 7000

(B) Rs. 7200

(C) Rs. 7400

(D) Rs. 7500

Ans: B

Face value of the stock = Rs.60000

Income on Rs. 100 stock = Rs. 12

Income of Rs. 1 stock = $$({12} / {100})$$

Income on Rs. 60000 = Rs. $$({12} / {100} × 60000)$$ = Rs. 7200.

Question: 10

The cash realised on selling a 14% stock at Rs. 106.25, brokerage being $${1} / {4}$$%, is

(A) Rs. 106

(B) Rs. 106.50

(C) Rs. 113.75

(D) Rs. 118.75

Ans: A

Cash realised = Rs. (106.25 – 0.25) = Rs. 106.

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