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36.
A company issued 50000 shares of par value Rs. 100 each. If the total dividend declared by the company is Rs. 125000, out of which Rs. 50000 have been kept in reserve fund and the remaining is distributed as dividend, find the rate of dividend paid by the company.
  • A.
    2    		 1 %  
    4  
  • C.
    1    		 1 %  
    4  
  • B.
    1    		 1 %  
    2  
  • D.
    12%
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Answer : [B]
Explanation :
 
The total dividend declared = Rs. 125000
 
Amount kept in reserve fund = Rs. 50000
 
Net amount paid as divided to the shareholders = Rs. (125000 – 50000) = Rs. 75000
 
Number of shares of par value Rs. 100 each = 50000
 
Total par value of 50000 shares = Rs. (50000 x 100) = Rs. 5000000
 
Rate of divided paid by the company =  
75000
5000000
 x 100   % =
3
2
% = 1
1
2
%      
 
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37.
Find the income obtained by investing Rs. 90000 in 7
1
2
% stock at 112
1
2
 
  • A.
    Rs. 6000
  • C.
    Rs. 7500
  • B.
    Rs. 6500
  • D.
    Rs. 7000
  • Answer & Explanation
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Answer : [A]
Explanation :
 
Here, market value of the stock = Rs. 90000
 
By investing Rs. 112
1
2
, stock of par value Rs. 100 is available  
 
 
  Income on Rs. 112
1
2
 is 7
1
2
%  
 
 
  Income on Rs. 90000 is Rs.  
15
2
x
2
225
 x 90000      
 
  = Rs. 6000    
 
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38.
Sushma invested Rs. 245000 in 7% stock at 98 and sold the stock when its price rose to Rs. 100. She invested the sale proceeds in 9% stock at 125. Find the change in income of Sushma.
  • A.
    Rs. 600
  • C.
    Rs. 500
  • B.
    Rs. 400
  • D.
    Rs. 650
  • Answer & Explanation
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Answer : [C]
Explanation :
 
Income from first stock = Rs.  
7
98
x 245000    = Rs. 17500  
 
We have to find the amount realised on selling this stock.
 
Amount realised on selling Rs. 98 stock = Rs. 100
 
 
  Amount realised on selling Rs. 245000 stock = Rs.  
100
98
 x 245000    = 250000  
 
This amount is invested in 9% stock at 125
 
 
  Income from second stock = Rs.  
9
125
 x 250000    = Rs 18000  
 
Hence, increase in income = Rs. (18000 – 17500) = Rs. 500
 
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39.
By investing Rs. 1620 in 8% stock, Michael earns Rs. 135. The stock is then quoted at:
  • A.
    Rs. 80
  • C.
    Rs. 106
  • B.
    Rs. 96
  • D.
    Rs. 108
  • Answer & Explanation
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Answer : [B]
Explanation :
 
To earn Rs. 135, investment = Rs. 1620.
 
To earn Rs. 8, investment = Rs.  
1620
135
x 8    = Rs. 96  
 
 
  Market value of Rs. 100 stock = Rs. 96  
 
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40.
Which is better investment, 12% stock at par with an income tax at the rate of 5 paise
per rupee or 14
2
7
% stock at 120 free from income tax?    
  • A.
    12% stock
  • C.
    Both are equally good
  • B.
    14    		 2 % stock  
    7  
  • D.
    Cannot be compared
  • Answer & Explanation
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Answer : [B]
Explanation :
 
Let investment in each case = Rs. (100 x 120)
 
Income from 12% stock = Rs.  
12
100
x 100 x 120    = Rs. 1440  
 
Net income = Rs.   1440 -
5
100
x 1440    = Rs. 1368  
 
Income from 14
2
7
 % stock = Rs.  
100
7 x 20
x 100 x 120    = Rs. 1428.57  
 
Clearly, 14
2
7
% stock is better.    
 
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