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.
7000+ Question Tags Exercises with Answers Pdf More
7000+ TNPSC Group 4 Study Material Pdf free Download More
7000+ TNPSC Group 4 General English Question Paper with Answers More
7000+ Prepositions Exercises for Class 10 with Answers Pdf More
7000+ Prefix and Suffix MCQs with Answers Pdf More
RBI Assistant Computer Prelims Questions and Answers More
Top 100+ Alligation or Mixture Aptitude Questions and Answers More
Air Pressure and Winds GK Quiz Questions and Answers More
Java Applet Interview Questions and Answers Pdf More
Tribes of India GK MCQ Quiz Objective Questions & Answers More