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Q:

Find the cash realised by selling Rs. 2440, 9.5% stock at 4 discount (brokerage 1/4 %)

A) 2000 B) 2298
C) 2290 D) 2289
 
Answer & Explanation Answer: B) 2298

Explanation:

By selling Rs. 100 stock , cash realised = Rs.100-4-14=Rs.3834  

 

By selling Rs. 2400 stock, cash realised =Rs.3834*1100*2400 = Rs 2298.

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Q:

Two cards are drawn at random from a pack of 52 cards.what is the probability that either both are black or both are queen?

A) 52/221 B) 55/190
C) 55/221 D) 19/221
 
Answer & Explanation Answer: C) 55/221

Explanation:

We have n(s) =52C2 52 = 52*51/2*1= 1326. 

Let A = event of getting both black cards 

     B = event of getting both queens 

A∩B = event of getting queen of black cards 

n(A) = 52*512*1 = 26C2 = 325, n(B)= 26*252*1= 4*3/2*1= 6  and  n(A∩B) = 4C2 = 1 

P(A) = n(A)/n(S) = 325/1326;

P(B) = n(B)/n(S) = 6/1326 and 

P(A∩B) = n(A∩B)/n(S) = 1/1326 

P(A∪B) = P(A) + P(B) - P(A∩B) = (325+6-1) / 1326 = 330/1326 = 55/221

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Q:

Two dice are thrown together .What is the probability that the sum of the number on the two faces is divided by 4 or 6.

A) 7/18 B) 14/35
C) 8/18 D) 7/35
 
Answer & Explanation Answer: A) 7/18

Explanation:

Clearly, n(S) = 6 x 6 = 36
Let E be the event that the sum of the numbers on the two faces is divided by 4 or 6.
Then,E = {(1,3),(1,5),(2,2),(2,4),(2,6),(3,1),(3,3),(3,5),(4,2),(4,4),(5,1),(5,3),(6,2),(6,6)}
n(E) = 14.
Hence, P(E) = n(E)/n(S) = 14/36 = 7/18

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Q:

Find the annual income derived from Rs. 2500, 8% stock at 106?

A) 100 B) 200
C) 150 D) 250
 
Answer & Explanation Answer: B) 200

Explanation:

Income from Rs. 100 stock = Rs. 8.

 

Income from Rs. 2500 stock = Rs8100*2500 = Rs. 200.

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Q:

A bag contains 6 white and 4 black balls .2 balls are drawn at random. Find the probability that they are of same colour.

A) 1/2 B) 7/15
C) 8/15 D) 1/9
 
Answer & Explanation Answer: B) 7/15

Explanation:

Let S be the sample space

 

Then n(S) = no of ways of drawing 2 balls out of (6+4) =10C2 10 =10*92*1 =45

 

Let E = event of getting both balls of same colour

 

Then,n(E) = no of ways (2 balls out of six) or (2 balls out of 4)

 

                =6C2+4C2 = 6*52*1+4*32*1= 15+6 = 21

 

Therefore, P(E) = n(E)/n(S) = 21/45 = 7/15

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Q:

In a simultaneous throw of pair of dice. Find the probability of getting the total more than 7.

A) 1/2 B) 5/12
C) 7/15 D) 3/12
 
Answer & Explanation Answer: B) 5/12

Explanation:

Here n(S) = (6 x 6) = 36

Let E = event of getting a total more than 7
        = {(2,6),(3,5),(3,6),(4,4),(4,5),(4,6),(5,3),(5,4),(5,5),(5,6),(6,2),(6,3),(6,4),(6,5),(6,6)}

Therefore,P(E) = n(E)/n(S) = 15/36 = 5/12.

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Q:

Find the cost of Rs. 6400, 10% stock at 15 discount?

A) 2000 B) 5440
C) 6000 D) 5140
 
Answer & Explanation Answer: B) 5440

Explanation:

Cost of Rs. 100 stock   = Rs. (100-15)

 

Cost of Rs. 6400 stock = Rs.85100*6400 = Rs. 5440.

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Q:

Find the cost of Rs. 4500, 8.5% stock at 4 premium?

A) 1400 B) 5000
C) 4000 D) 4680
 
Answer & Explanation Answer: D) 4680

Explanation:

Cost of Rs. 100 stock  = Rs. (100+4) = Rs.104

 

Cost of Rs. 4500 stock =Rs.104100×4500 = Rs. 4680

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