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23 questions · self-marked practice — reveal the answer and mark yourself.

Question 11 Mark
Find the amount received when 300 shares of FV Rs. 100, were sold at a discount of Rs. 30.
Answer
Face Value = Rs. 100


Discount = Rs. 30


Market Value = (100-30) = Rs. 70


No. Of shares = 300


Amount Received = (70× 300) = Rs. 21,000


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Question 21 Mark
Write the correct alternative for the following question.
To find the cost of one share at the time of buying the amount of Brokerage and GST is to be . . . the MV of share .
A. added to
B. substracted from
C. Multiplied with
D. divided by
Answer
The Brokerage and GST needs to be added to the Market Value of share at the time of buying.
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Question 31 Mark
Write the correct alternative for the following question.
Rate of GST on brokerage is . . .
A. 5%
B. 12%
C. 18%
D. 28%
Answer
Rate of GST on Brokerage is 18% according to Central board of Exercise and customs
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Question 41 Mark
Write the correct alternative for the following question.
The NAV of a unit in mutual fund scheme is Rs. 10.65 then find the amount required to buy 500 such units.
A. 5325
B. 5235
C. 532500
D. 53250
Answer
Net Asset Value = (N.A.V. of one unit × No. Of units) = Rs. 5325
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Question 51 Mark
Courier service agent charged total ₹ 590 to courier a parcel from Nashik to Nagpur. In the tax invoice taxable value is ₹ 500 on which CGST is ₹ 45 and SGST is ₹ 45. Find the rate of GST charged for this service.
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Question 61 Mark
If NAV of one unit is ₹ 25, then how many units will be alloted for the investment of ₹ 10,000 ?
Answer
Number of units = sum invested / NAV = 10,000/25 = 400 units.
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Question 71 Mark
If the total value of the mutual fund scheme is ₹ 200 crores and 8 crore units are issued then find the NAV of one unit.
Answer
NAV = ₹ 200 crore / 8 crore units = ₹ 25 per unit.
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Question 81 Mark
FV = ₹ 100, premium = ₹ 65 then MV = ?
Answer
MV = FV + Premium = 100 + 65 = ₹ 165. Market value is ₹ 165 per share.
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Question 91 Mark
If you want to purchase 50 shares of MV ₹ 50 each. What is the total amount to be paid ?
Answer
Sum invested = Number of shares × MV = 50 × 50 = ₹ 2500
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Question 101 Mark
If 50 shares of FV ₹ 100 each are purchased for MV ₹ 120. Find the sum invested.
Answer
Sum invested = number of shares MV
= 50 × 120 = ₹ 6000
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Question 111 Mark
On an article CGST is $2.5 \%$, then what is the rate of SGST? Also, find the rate of GST.
Answer
Rate of SGST $=2.5 \%$, rate of GST $=5 \%$
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Question 121 Mark
The taxable price of a Nokia mobile is ₹ 11,000 . The rate of CGST is $6 \%$. Find the total GST printed in the tax invoice.
Answer
₹ 1320
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Question 131 Mark
Sony Electronic' sold a computer set to a customer. The rate of GST on computer is $18 \%$, then find the rate of CGST and SGST.
Answer
Rate of CGST $=$ Rate of SGST $=9 \%$
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Question 141 Mark
Find the amount received when 300 shares of FV Rs. 100, were sold at a discount of Rs. 30.
Answer
Face Value = Rs. 100
Discount = Rs. 30
Market Value = (100-30) = Rs. 70
No. Of shares = 300
Amount Received = (70× 300) = Rs. 21,000
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Question 151 Mark
Courier service agent charged total ₹ 590 to courier a parcel from Nashik to Nagpur. In the tax invoice taxable value is ₹ 500 on which CGST is ₹ 45 and SGST is ₹ 45. Find the rate of GST charged for this service.
Answer
Total GST $=$ CGST + SGST $=45+45=₹ 90$. Rate of GST $=\frac{90}{500} \times 100=18 \%$
$\therefore$ Rate of GST charged by agent is $18 \%$.
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Question 161 Mark
If the total value of the mutual fund scheme is ₹ 200 crores and 8 crore units are issued then find the NAV of one unit.
Answer
NAV = ₹ 200 crore / 8 crore units = ₹ 25 per unit.
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Question 171 Mark
If NAV of one unit is ₹ 25, then how many units will be alloted for the investment of ₹ 10,000 ?
Answer
Number of units = sum invested / NAV = 10,000/25 = 400 units.
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Question 181 Mark
FV = ₹ 100, premium = ₹ 65 then MV = ?
Answer
MV = FV + Premium = 100 + 65 = ₹ 165. Market value is ₹ 165 per share.
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Question 191 Mark
If you want to purchase 50 shares of MV ₹ 50 each. What is the total amount to be paid ?
Answer
Sum invested = Number of shares  × MV = 50  × 50 = ₹ 2500
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Question 201 Mark
If 50 shares of FV ₹ 100 each are purchased for MV ₹ 120. Find the sum invested.
Answer
Sum invested = number of shares  MV
= 50  × 120 = ₹ 6000
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Question 211 Mark
The taxable price of a Nokia mobile is ₹ 11,000 . The rate of CGST is $6 \%$. Find the total GST printed in the tax invoice.
Answer
₹ 1320
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Question 221 Mark
Sony Electronic' sold a computer set to a customer. The rate of GST on computer is $18 \%$, then find the rate of CGST and SGST.
Answer
Rate of CGST $=$ Rate of SGST $=9 \%$
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Question 231 Mark
On an article CGST is $2.5 \%$, then what is the rate of SGST? Also, find the rate of GST.
Answer
Rate of SGST $=2.5 \%$, rate of GST $=5 \%$
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