ML Aggarwal Solution Class 10 Chapter 3 Shares and Dividends MCQs

MCQs

Question 1

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

(a) 110

(b) 120

(c) 130

(d) 150

Sol :

Investment = ₹ 10320

Face value of each share = ₹100

M.V. of each share = ₹100 – 14 = ₹86

No. of shares $=\frac{10320}{86}=120$

Ans : (b)


Question 2

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

(a) 640

(b) 384

(c) 320

(d) 160

Sol :

Investment = ₹19200

Face value of each share = ₹50

$\mathrm{M} . \mathrm{V}=₹ 50 \times \frac{120}{100}=₹ 60$

Number of shares $=\frac{19200}{60}$

=320 

Ans (c)


Question 3

₹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

(b) ₹14000

(c) ₹16800

(d) ₹8400

Sol :

Face value of each share = ₹40

$\mathrm{M} . \mathrm{V}=40 \times \frac{125}{100}=₹ 50$

Number of shares = 280

Total investment = ₹280×50 = ₹ 14000

Ans : (d)


Question 4

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

(d) ₹1200

Sol :

Number of shares = 600

F.V. of each share = ₹25

Rate of dividend = 8%

Annual income $=600 \times 25 \times \frac{8}{100}$

=1200 

Ans : (d)


Question 5

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

(a) ₹3000

(b) ₹2880

(c) ₹ 1500

(d) 1440

Sol :

Investment = ₹24000

F.V. of each share = ₹60

$M . V$ at discount of $20 \%=60 \times \frac{80}{100}=₹ 48$

Rate of dividend = 10%

∴Face value of all the share $=\frac{500 \times 60}{48}$

=₹30000

Annual dividend $=₹ \frac{30000 \times 10}{100}$

=₹ 3000

Ans (a)


Question 6

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

(b) 400

(c) 600

(d) 800

Sol :

F.V. of each share = ₹50

Dividend = 15%

Annual income = ₹3000

Let x be the share, then

F.V. of shares = x × 50 = ₹50x

Dividend $=\frac{50 x+15}{100}=30$

$=\frac{15}{2} x=3000$

$x=\frac{3000 \times 2}{15}$

⇒x=400

∴Number of shares=400

Ans (b)


Question 7

₹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%

(c) 15%

(d) 18%

Sol :

F.V. of each share = ₹25 ,

M.V. = ₹20

Rate of dividend = 12%

Dividend on each share $=\frac{12}{100} \times 25=₹ 3$

Return on ₹20 = ₹3

and on ₹ 100$=₹ \frac{3}{20} \times \frac{5}{100}=15 \%$ 
Ans : (c)

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