Financial Problems-Shares and Stocks [CAT (Common Admission Test for IIMs) Quantitative Aptitude to Quantitative Aptitude (QA)]: Questions 1 - 3 of 5
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Passage
Some data is given below. You need to study the data and answer the question that follows:
Akbar wanted to buy 100 shares of Tata & Sons. Birbal told him that market is going to crash and as soon as price starts falling, Akbar should start accumulating the shares. Akbar bought 20 shares when market fall from 9200 to 8800 at 40/share. 2 weeks later, market fall from 8800 to 8400 and he bought 40 more shares at 35/share. One month down the line market hit a new bottom at 8000 and therefore, Akbar accumulated 40 more shares at 25/share. Currently market is touching 10,000 and Tata & Sons is trading at 50/share.
Question 1 (1 of 2 Based on Passage)
Question MCQ▾
If Akbar plans to sell all the stocks at the current market price, then, find his rate of return on the amount invested?
Choices
Choice (4) | Response | |
---|---|---|
a. | ||
b. | ||
c. | ||
d. |
Question 2 (2 of 2 Based on Passage)
Question MCQ▾
What is the ratio of the bottom of the market to the new high of the market?
Choices
Choice (4) | Response | |
---|---|---|
a. | 5: 4 | |
b. | 4: 5 | |
c. | 3: 4 | |
d. | 2: 3 |
Question 3
Question MCQ▾
Akbar and Birbal were employed by RBI to build their new campus in a lush green area of 4000 acres in a small district of Maharashtra nearby Pune. They both with their workers started working on the different parts of the building. Akbar & Birbal՚s workers were employed on daily wages. Akbar՚s workers 22 days salary was same as Birbal՚s workers 33 days salary. Due to shortage of funds, now Akbar & Birbal don՚t have sufficient money to pay to the workers. They both decided to collect raise money by floating their shares on . BSE & the amount collected from there can be used for R&D and a portion can be used to pay to the workers. If the sum of money collected from listing of stock equals to Akbar՚s workers 33 days salary is paid to both Akbar՚s as well as Birbal՚s workers, then, it will consist of daily wages of how many days?
Choices
Choice (4) | Response | |
---|---|---|
a. | days | |
b. | days | |
c. | days | |
d. | days |