Stocks and Shares Questions and Answers for Bank Exams - 1
Question: 1
A wants to secure an annual income of Rs.1500 by investing in 15% debentures of face value of Rs.100 each and available for Rs.104 each. If the brokerage is 1% then the sum of money he should invest is
(A) Rs. 10504
(B) Rs. 10784
(C) Rs. 15072
(D) Rs. 19642
Ans: A
Income on each debenture = 15% of Rs. 100 = Rs. 15.
Number of debenture required = Rs. $$({1500}/{15})$$ = Rs. 100.
Cost of each debenture
= Rs. (104 + 1% of 104) = (104 + 1.04) = Rs. 105.04.
∴ Total investment = Rs. (105.04 × 100) = Rs. 10504.
Question: 2
Find out the income percent of a buyer on 5% debentures of face value Rs.95 and available in the market for Rs.125.
(A) 2.8%
(B) 3.8%
(C) 4.8%
(D) 5.8%
Ans: B
The market value of a debenture = Rs. 125.
∴ Income on Rs. 125 is Rs. 5.
∴ Income on Rs. 95 is Rs. $$({5}/{125} × 95)$$ = $${19}/{5}$$.
∴ Percent income on the debentures is 3.8%.
Question: 3
A man invested Rs.4455 in Rs.10 shares quoted at Rs.8.25. If the rate of dividend be 12%, his annual income is
(A) Rs. 207.40
(B) Rs. 534.60
(C) Rs. 548
(D) Rs. 648
Ans: D
Number of shares = $$({4455} / {8.25})$$ = 540.
Face value = Rs. (540 x 10) = Rs. 5400.
Annual income = Rs. $$({12}/{100} × 5400)$$ = Rs. 648.
Question: 4
A man bought 20 shares of Rs. 50 at 5 discount, the rate of dividend being $$13{1}/{2}$$%. The rate of interest obtained is
(A) $$12{1}/{2}$$%
(B) $$13{1}/{2}$$%
(C) $$14{1}/{2}$$%
(D) 15%
Ans: D
Investment = Rs. [120 x (50 – 5)] = Rs. 900.
Face value = Rs. (50 x 20) = Rs. 1000.
Dividend = Rs. $$({27}/{2} × {1000}/{100})$$ = Rs. 135.
Interest obtained = $$({135} /{900} × 100)$$% = 15%.
Question: 5
A person has deposited Rs.13200 in a bank which pays 14% interest. He withdraws the money and invests in Rs.100 stock at Rs.110 which pays a dividend of 15%. How much does he gain or lose.
(A) Loses Rs. 48
(B) Gains Rs.48
(C) Loses Rs. 132
(D) Gains Rs. 132
Ans: A
Income from bank = 14% of 13200 = Rs. 1848.
Number of shares purchased = Rs. $$({13200} / {110})$$ = Rs. 120.
Income from stock
= (15% of Rs. 100) × 120 = Rs. (15 × 120) = Rs. 1800.
∴ Loss = Rs. (1848 – 1800) = Rs. 48.
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