1000+ Aptitude Test Sample Questions and Answers - 1

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.

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.

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 $$5{1}/{3}$$%.

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.

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.