1000+ Aptitude Test Sample Questions and Answers - 1

Question: 1

Ram invested Rs.88008 in \$\$9{1}/{2}\$\$ stock at 11 (Brokerage: Rs.2). Find out annual income of Raj from this investment.

(A) Rs.6334

(B) Rs.6534

(C) Rs.6874

(D) Rs.7334

Ans: D

Market value of Rs.100 stock = Rs.(112 + 2) = Rs. 114

Income on Rs.114 = Rs.\$\$9{1}/{2}\$\$

∴ Income on Rs.88008 = Rs.\$\${19/2} × {1/114} × 88008\$\$ = Rs.7334.

Question: 2

Find out the investment required to purchase Rs.75000 of 10% stock at 95.

(A) Rs.61250

(B) Rs.71250

(C) Rs.81250

(D) Rs.91250

Ans: B

Market value of Rs.100 stock = Rs.95

∴ Market value of Rs.75000 stock = Rs.(\$\${95}/{100} × 75000\$\$) = Rs.71250.

∴ An investment of Rs.71250 is required to purchase Rs.75000 of 10% stock at Rs. 95.

Question: 3

Find the income percent of a buyer on 8% debentures of face value Rs.120 and available in the market at Rs.180.

(A) \$\$2{1}/{3}\$\$%

(B) \$\$3{1}/{3}\$\$%

(C) \$\$4{1}/{3}\$\$%

(D) \$\$5{1}/{3}\$\$%

Ans: D

The market value of a debenture is Rs.180.

∴ Income on Rs.180 is Rs.8.

∴ Income on Rs.120 is Rs.\$\$({8}/{180} × 120)\$\$ = \$\$5{1}/{3}\$\$.

∴ Percent income on the debenture is \$\$5{1}/{3}\$\$%.

Question: 4

A person invests Rs.5508 in 4% stock at 102. He afterwards sells out at 105 and reinvests in 5% stock at 126. What is the change in his income?

(A) Rs.7

(B) Rs.9

(C) Rs.10

(D) Rs.12

Ans: B

Number of shares purchased = \$\${5508}/{102}\$\$ = 54.

Income from each share = 4% of Rs.100 = Rs.4.

∴ Original income = Rs.(54 × 4) = Rs.216.

Money incurred from sale of share = Rs.(105 × 54) = Rs.5670.

Number of new shares purchased = \$\$({5670}/{126})\$\$ = 45.

New income = Rs.(45 × 5) = Rs.225.

∴ Change in income = Rs.(225 - 216) = Rs.9.

Question: 5

Raja invested Rs.99000 in \$\$7{1}/{2}\$\$% stocks at \$\$81{1}/{2}\$\$ (Brokerage: Rs. 1). Find out Ram’s annual income from his investment.

(A) Rs.9000

(B) Rs.10000

(C) Rs.10500

(D) Rs.19000

Ans: A

Market value of Rs.100 stock = Rs.\$\$(81{1}/{2} + 1)\$\$ = \$\$82{1}/{2}\$\$

Income on Rs. \$\$82{1}/{2}\$\$ = \$\$7{1}/{2}\$\$

∴ Income on Rs.99000 = Rs.\$\$({15/2} × {2/165} × 99000)\$\$ = Rs.9000.

Related Questions