100+ TNPSC Aptitude Questions with Answers - 1

Question: 1

A company declared a semiannual dividend of $$7{1}/{2}$$%. Find out the annual dividend of Chetan, owning 1250 shares of the company having a par value of Rs.10 each

(A) Rs. 1575

(B) Rs. 1680

(C) Rs. 1757

(D) Rs. 1875

Ans: D

Annual dividend on one share = $$(2 × 7{1}/{2})%$$

i.e., 15% of Rs. 10

= $$({15}/{100} × 10)$$ = Rs. 1.50

∴ Annual dividend on 1250 shares

= Rs. (1250 × 1.50) = Rs. 1875.

Question: 2

Find the income on $$7{1}/{2}%$$ stock of Rs. 20000 purchased at Rs.120.

(A) Rs. 1450

(B) Rs. 1500

(C) Rs. 1550

(D) Rs. 1600

Ans: B

Face value of the stock = Rs.20000

Income on Rs. 100 stock = Rs. $$7{1}/{2}$$

Income on Rs. 1 stock = Rs. $$({15/2})/{100}$$ = Rs. $$({15}/{200})$$

Income on Rs. 20000 stock = Rs. $$({15}/{200} × 20000)$$ = Rs.1500.

Question: 3

Find out the investment required to get an income of Rs. 1938 from $$9{1}/{2}%$$ stock at 90 (Brokerage 1%).

(A) Rs. 17543.00

(B) Rs. 18543.60

(C) Rs. 18600.60

(D) Rs. 19642.60

Ans: B

Brokerage = 1% Rs. 90 = Rs. 0.90.

∴ Investment needed to buy Rs. 100 stock = Rs. 90.90 on which the income is Rs. 9%.

For income of Rs. $$9{1}/{2}$$, the investment = Rs. 90.90.

For income of Rs. 1938,

the investment = Rs. $$({90.90 × 2}/{19} × 1938)$$ = Rs. 18543.60.

Question: 4

A 12% stock yielding 10% is quoted at

(A) Rs. 83.33

(B) Rs. 110

(C) Rs. 112

(D) Rs. 120

Ans: D

To earn Rs. 10, money invested = Rs. 100.

To earn Rs. 12, money invested = Rs. $$({100}/{10} × 12)$$ = Rs. 120.

∴ Market value of Rs. 100 stock = Rs. 120.

Question: 5

A medicine company issued 125000 shares of par value of Rs.20 each. If the total dividend declared by the company is Rs. 375000, find out the rate of dividend paid by the company.

(A) Rs. 10%

(B) Rs. 13%

(C) Rs. 14%

(D) Rs. 15%

Ans: D

Number of shares = 125000

Par value of a share = Rs. 20

∴ Total par value of 125000 shares = Rs. (1250000 × 20) = Rs. 2500000

Total dividend = Rs. 375000

∴ Rate of dividend paid by the company

= $$({375000} / {2500000} × 100)%$$ = 15%.

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