# Aptitude Stocks and Shares Test Paper 2

6) A man invested Rs. 1500 in a stock at 95 to obtain an income of Rs. 130. What is the dividend from the stock?

1. 8.32%
2. 7.32%
3. 6.32%
4. 5.32%

Explanation:

By investing Rs. 1500, the man obtained an income of Rs. 130.
So, by investing Rs. 95, the income will be = * 96 = Rs. 8.32
So, the dividend = 8.32%

7) Naresh invested Rs. 5940 in Rs. 20 shares quoted at Rs. 18. If the rate of dividend is 15%, find his annual income.

1. 990
2. 890
3. 790
4. 690

Explanation:

Market value of the share: Rs. 18
Investment = Rs. 5940
Number of shares = 5940 /18 = 330
Face value of the share = Rs. 20
Dividend = 15%
Dividend per share = 20 * = Rs. 3

His annual income = number of shares * dividend per share
= 330 * 3 = Rs. 990

8) Suresh bought 80 shares of Rs. 60 at 6 discount. If the rate of the dividend is 12 %, find the rate of interest obtained.

1. 9.4%
2. 10.4%
3. 12.3%
4. 13.3%

Explanation:

Given that, the face value of a share = Rs. 60
The price at which the share is bought = Rs. 60 - Rs. 6 = Rs. 54
The number of shares = 80
So, total investment = 80 * 54 = Rs. 4320
Dividend = 12%
Dividend per share = 60 * 12/100 = 7.2
Total dividend = 80 * 7.2 = 576
He earned a dividend of 576 for an investment of Rs. 4320
So, the interest obtained = * 100 = 13.3%

9) Find the income on % stock of Rs. 4000 purchased at Rs. 90.

1. Rs. 240
2. Rs. 140
3. Rs. 340
4. Rs. 540

Explanation:

Face value of the stock = Rs. 4000

Annual Dividend = 8 = % of the face value.

So, income = 4000 * = Rs. 340

10) Suresh buys 100 shares of par value Rs. 7 each, of a company, which pays an annual dividend of 12% at such a price that he gets 10% on his investment. What is the market value of the share?

1. Rs. 8.4
2. Rs. 6.4
3. Rs. 7.4
4. Rs. 9.4

Explanation:

The face value of each share = Rs. 7
Total dividend received = 100 * 7 * = 84

Let the market value of 100 shares = x
x * = 84

x = 840
Now, the market value of 100 shares = 840
So, the market value of single share = Rs.8.4

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