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Aptitude Stocks and Shares Test Paper 4


16) To obtain an annual income of Rs. 900 from a 9% stock at 90, the amount to be invested on stocks is:

  1. Rs. 12000
  2. Rs. 11000
  3. Rs. 10000
  4. Rs. 14000

Answer: C

Explanation:

Since face value is not given, let it be Rs. 100
As it is an 9% stock, income (dividend) per stock = Rs. 9
Now, for an income of Rs. 9 the amount invested or the price of the stock = Rs. 100
For an income of Rs. 900, the amount invested in buying the stocks = Rs.Apti Stocks and Shares* 900 = Rs. 10,000


Aptitude Stocks and Shares Test Paper 1
Aptitude Stocks and Shares Test Paper 2
Aptitude Stocks and Shares Test Paper 3





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