MCQ

MCQ 11 Mark

₹ 25 shares of a company are selling at ₹ 20. If the company is paying a dividend of 12%, then the rate of return is

A
10%
B
12%
✓
15%
D
18%

Answer

Correct option: C.

15%

F.V. of each share $=\text { ₹ } 25$,
$
\text { M.V. }=\text { ₹ } 20
$
Rate of dividend $=12 \%$
Dlvidend on each share $=\frac{12}{100} \times 25=\text { ₹ } 3$
Return on $\text { ₹ }20=\text { ₹ } 3$
and on $\text { ₹ } 100=\text { ₹ }\frac{3}{20} \times \frac{5}{100}=15 \%$.

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MCQ 21 Mark

Salman has some shares of ₹ 50 of a company paying 15% dividend. If his annual income is ₹ 3000, then the number of shares he possesses is

A
80
✓
400
C
600
D
800

Answer

Correct option: B.

400

F.V. of each share $=\text { ₹ } 50$
Dividend $=15 \%$
Annual income $=\text { ₹ }3000$
Let $x$ be the share, then
F.V. of shares $=x \times 50=\text { ₹ }50 x$
Dividend $=\frac{50 x+15}{100}=30$
$=\frac{15}{2} x=3000$
$\Rightarrow x =\frac{3000 \times 2}{15}$
$\Rightarrow x =400$
$\therefore$ Number of shares $=400$.

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MCQ 31 Mark

A man invests ₹ 24000 on ₹ 60 shares at a discount of 20%. if the dividend declared by the company is 10%, then his annual income is

✓
₹ 3000
B
₹ 2880
C
₹ 1500
D
₹ 1440

Answer

Correct option: A.

₹ 3000

$\begin{aligned} & \text { Investment }=\text { ₹ } 24000 \\ & \text { F.V. of each share }=\text { ₹ } 60 \\ & \text { M.V. at discount of } 20 \%=60 \times \frac{80}{100}=\text { ₹ } 48 \\ & \text { Rate of dividend }=10 \% \\ & \therefore \text { Face value of all the share }=\frac{500 \times 60}{48} \\ & =\text { ₹ }30000 \\ & \text { Annual dividend }=\text { ₹ } \frac{30000 x 10}{100} \\ & =\text { ₹ }3000 .\end{aligned}$

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MCQ 41 Mark

Arun possesses 600 shares of ₹ 25 of a company. If the company announces a dividend of 8%, then Arun’s annual income is

A
₹ 48
B
₹ 480
C
₹ 600
✓
₹ 1200

Answer

Correct option: D.

₹ 1200

Number of shares $=600$
F.V. of each share $=\text { ₹ }25$
Rate of dividend $=8 \%$
Annual income $=600 \times 25 \times \frac{8}{100}$
$=\text { ₹ }1200$.

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MCQ 51 Mark

₹ 40 shares of a company are selling at 25% premium. If Mr. Jacob wants to buy 280 shares of the company, then the investment required by him is

A
₹ 11200
✓
₹ 14000
C
₹ 16800
D
₹ 8400

Answer

Correct option: B.

₹ 14000

Face value of each share $=\text { ₹ } 40$
$
\text { M.V. }=40 \times \frac{125}{100}=\text { ₹ }50
$
Number of shares $=280$
Total investment $=\text { ₹ } 280 \times 50=\text { ₹ } 14000$.

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MCQ 61 Mark

If Nisha invests $₹ 19200$ on $₹ 50 $shares at a premium of $20%$, then the number of shares she buys is

A
$640$
B
$384$
✓
$320$
D
$160$

Answer

Correct option: C.

$320$

$
\text { Investment = ₹ } 19200
$
Face value of each share $=\text { ₹ }50$
$
\text { M.V. = ₹ } 50 \times \frac{120}{100}=\text { ₹ } 60
$
Number of shares $=\frac{19200}{60}$
$= 320.$

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MCQ 71 Mark

If Jagbeer invest ₹10320 on ₹100 shares at a discount of ₹ 14, then the number of shares he buys is

A
110
✓
120
C
130
D
150

Answer

Correct option: B.

120

Investment $=\text { ₹ } 10320$
Face value of each share $=\text { ₹ } 100$
M.V. of each share $=\text { ₹ } 100-14=\text { ₹ }86$
No. of shares $=\frac{10320}{86}=120$.

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