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Q:

A man invested Rs. 1552 in a stock at 97 to obtain an income of Rs. 128. The dividend from the stock is:

A) 8.5%	B) 7.5%
C) 8%	D) 9%

Answer & Explanation Answer: C) 8%

Explanation:

By investing Rs. 1552, income = Rs. 128.

By investing Rs. 97, income = $R s . (\frac{128}{1552} \times 97)$ = Rs. 8.

Dividend = 8%

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Filed Under: Stocks and Shares

Q:

One card is drawn from a pack of 52 cards,each of the 52 cards being equally likely to be drawn.Find the probability that the ball drawn is an ace :

A) 1/13	B) 1/12
C) 1/14	D) 1/15

Answer & Explanation Answer: A) 1/13

Explanation:

Total number of events=52

Number of aces =4

So,required probability = 4/52 =1/13

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Filed Under: Probability

Q:

By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:

A) 80	B) 96
C) 106	D) 108

Answer & Explanation Answer: B) 96

Explanation:

To earn Rs. 135, investment = Rs. 1620.

To earn Rs. 8, investment = $R s . \frac{1620}{135} \times 8$ = Rs. 96.

Market value of Rs. 100 stock = Rs. 96.

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Filed Under: Stocks and Shares

Q:

A man invests some money partly in 9% stock at 96 and partly in 12% stock at 120. To obtain equal dividends from both, he must invest the money in the ratio:

A) 3:5	B) 2:1
C) 16:15	D) 4:5

Answer & Explanation Answer: C) 16:15

Explanation:

For an income of Re. 1 in 9% stock at 96, investment = Rs. 96/9 = Rs.32/3

For an income Re. 1 in 12% stock at 120, investment = Rs. 120/12 = Rs. 10.

Ratio of investments =(32/3) : 10 = 32 : 30 = 16 : 15.

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Filed Under: Stocks and Shares

Q:

A cistern 6m long and 4 m wide contains water up to a depth of 1 m 25 cm. The total area of the wet surface is:

A) 49	B) 50
C) 53.5	D) 55

Answer & Explanation Answer: A) 49

Explanation:

Area of the wet surface = [2(lb + bh + lh) - lb]

= 2(bh + lh) + lb

= [2 (4 x 1.25 + 6 x 1.25) + 6 x 4] $m^{2}$

= 49 $m^{2}$

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Filed Under: Volume and Surface Area

Q:

A boat having a length 3 m and breadth 2 m is floating on a lake. The boat sinks by 1 cm when a man gets on it. The mass of the man is:

A) 12	B) 60
C) 72	D) 90

Answer & Explanation Answer: B) 60

Explanation:

Volume of water displaced = (3 x 2 x 0.01) = 0.06 cu.m.

Mass of man = Volume of water displaced x Density of water

= (0.06 x 1000) kg

= 60 kg.

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Filed Under: Volume and Surface Area

Q:

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19	B) 1237
C) 2863	D) 1892

Answer & Explanation Answer: A) 1126.19

Explanation:

M=P(1+i)^n

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Filed Under: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO

Q:

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) 107.04	B) 648
C) 500	D) 648.60

Answer & Explanation Answer: B) 648

Explanation:

Number of shares = $\frac{4455}{8.25}$ = 540.

Face value = Rs. (540 x 10) = Rs. 5400.

Annual income = $R s . (\frac{12}{100} * 5400)$ = Rs. 648.

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Filed Under: Stocks and Shares

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