Quiz on Math Set 303

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Quiz on Math Set 303 :

Question 1 :

A banker discounts a 4 months bill at 3 %. If the proceeds be invested in a manner, so that nothing is lost, the interest rate should be
A. 3%
B. 4%
C. 100/33%
D. 109/36%

Correct Ans: Option C

Question 2 :

A man bought a motor-cycle for ₹32500. He sold it for ₹35000, allowing the buyer for a 6 months credit. If the money be worth 4 % per annum, the gain percent is
A. 57/7%
B. 100/13%
C. 96/13%
D. 42/5%

Correct Ans: Option B

Question 3 :

At a given rate, the simple interest and the true discount on a certain sum, for a given time, are ₹24 and ₹22, respectively. The sum is
A. ₹264
B. ₹220
C. ₹288
D. ₹295

Correct Ans: Option A

Question 4 :

The holder of a bill for ₹17850 nominally due on May 21, 1991 received ₹357 less than the amount of the bill by having it discounted at 5 %. When was it discounted?
A. Dec 29, 1990
B. Dec 30, 1989
C. Dec 19, 1990
D. Dec 20, 1995

Correct Ans: Option A

Question 5 :

A man invests in a 4.5% stock at 96. The interest obtained by him is ?
A. 4%
B. 4.5%
C. 4.69%
D. 1/2%

Correct Ans: Option C

Question 6 :

By investing Rs. 1100 in a 5.5% stock one earns Rs. 77. The stock is then quoted at ?
A. Rs. 93
B. Rs. 107
C. Rs. 78 4/7
D. Rs. 97 3/4

Correct Ans: Option C

Question 7 :

To produce an annual income of Rs. 500 in a 4% stock at 90, the amount of stock needed is ?
A. Rs. 11250
B. Rs. 12500
C. Rs. 18000
D. Rs. 20000

Correct Ans: Option B

Question 8 :

A 4% stock yield 5%. The market value of the stock is ?
A. Rs. 125
B. Rs. 80
C. Rs. 99
D. Rs. 109

Correct Ans: Option B

Question 9 :

By investing a 6% stock at 96 an income of Rs. 100 is obtained by making and investment of ?
A. Rs. 1600
B. Rs. 1504
C. Rs. 1666.66
D. Rs. 5760

Correct Ans: Option A

Question 10 :

The cash realized by selling a 5.5% stock at 106.25, brokerage being 1/4% is ?
A. Rs. 105 1/2
B. Rs. 106 1/2
C. Rs. 106
D. None of these

Correct Ans: Option C

Quiz Summary


Here the correct answers of every question in this quiz.

Q.1 [C],     Q.2 [B],     Q.3 [A],     Q.4 [A],     Q.5 [C],     Q.6 [C],     Q.7 [B],     Q.8 [B],     Q.9 [A],     Q.10 [C],    


Total Questions: 10
Your score:
Subject: Math
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