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Banking Shares Dividend

This test will give you complete confidence of the chapters Banking and Shares,Dividends. This test will help you to solve any type of problems from the above said chapters.

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Questions

Question 1 Multiple Choice (Single Answer)

Ram Kumar opened a savings bank account in State Bank on 4th January of a year and closed the account on 9th November of the same year. Which of the following months will be considered by the bank to credit the interest?

  1. January to October
  2. January to December
  3. January to July
  4. January to November
  5. January to May
Question 2 Multiple Choice (Single Answer)

In Ram's saving bank account, the amount qualified for paying interest of 4% for June and July are Rs. 4500 and Rs. 8500 respectively. Which of the following could be the interest paid by the bank to Ram for these months?

  1. Rs. 15
  2. Rs. 28.33
  3. Rs. 13.33
  4. Rs. 43.33
  5. Rs. 126.67
Question 3 Multiple Choice (Single Answer)

Which of the following is the market value of the share for Rs. 75 shares at a premium of 12%?

  1. Rs. 94
  2. Rs. 74
  3. Rs. 64
  4. Rs. 84
  5. Rs. 104
Question 4 Multiple Choice (Single Answer)

Mrs. Radhika opened a saving bank account on 14th March of a year and closed it on 12th November of the same year. For how many months, will she receive interest from the bank?

  1. 12 months
  2. 8 months
  3. 7 months
  4. 6 months
  5. 11 months
Question 5 Multiple Choice (Single Answer)

Which of the following is the total amount required to buy 200, Rs. 75 shares at a premium of 12%?

  1. Rs. 11,800
  2. Rs. 14,000
  3. Rs. 14,800
  4. Rs. 16,000
  5. Rs. 16,800
Question 6 Multiple Choice (Single Answer)

What is the total amount required to buy 150 shares, if the face value of the share is Rs. 45 and rate of premium is 16%?

  1. Rs. 1,830
  2. Rs. 7,830
  3. Rs. 5,830
  4. Rs. 783
  5. Rs. 2,830
Question 7 Multiple Choice (Single Answer)

The balance as on 1st June in the saving bank account of Mr. Sandeep was Rs. 9,800. In the same month, he had made the following transactions:
(1) He paid his telephone bill of Rs. 1,100 by cheque on 3rd June.
(2) On 10th, he deposited Rs. 1,000
(3) On 14th, he withdrew Rs. 1,500.

Which of the following qualifies for crediting interest by the bank to Mr. Sandeep's account?

  1. Rs. 9,700
  2. Rs. 8,200
  3. Rs. 8,700
  4. Rs. 7,200
  5. Rs. 8,000
Question 8 Multiple Choice (Single Answer)

Which of the following is the market value of the share, if the face value of the share is Rs. 45 and the premium rate is 16%?

  1. Rs. 32.20
  2. Rs. 52.20
  3. Rs. 42.80
  4. Rs. 92.20
  5. Rs. 12.20
Question 9 Multiple Choice (Single Answer)

If Raju invests Rs. 24,000, and incurs dividend at 10% for the face value of Rs. 60 each in shares, quoted at Rs. 48 for one share, which of the following could be his income from shares?

  1. Rs. 4000
  2. Rs. 3000
  3. Rs. 5000
  4. Rs. 6000
  5. Rs. 1000
Question 10 Multiple Choice (Single Answer)

The balance as on 1st June in the savings bank account of Mr.Sandeep was Rs. 9,800. In that same month, he had made following transactions:
(1) He paid his telephone bill of Rs. 1,100 by cheque on 3rd June.
(2) On 10th, he deposited Rs. 1,000
(3) On 14th, he withdrew Rs. 1,500

Which of the following is the interest credited by the bank for this month to his account, if the rate of interest is calculated at 4% per annum?

  1. Rs. 378
  2. Rs. 54.67
  3. Rs. 27.33
  4. Rs. 126
  5. Rs. 55.33
Question 11 Multiple Choice (Single Answer)

Mr Ravi had invested Rs. 52,000 in 18% Rs. 200 shares at a premium of 30%. What is the total number of shares bought by Mr Ravi?

  1. 400
  2. 250
  3. 222
  4. 200
  5. 180
Question 12 Multiple Choice (Single Answer)

Mr Ravi had invested Rs. 52,000 in 18% Rs. 200 shares at a premium of 30%. Which of the following is the percentage return on Mr Ravi's investment?

  1. 11.85%
  2. 12.85%
  3. 3.85%
  4. 13.85%
  5. 14.85%
Question 13 Multiple Choice (Single Answer)

A steel organisation with 6,000 shares of nominal value of Rs. 150 each declares an annual dividend of 18%. What is the total dividend paid by the organisation?

  1. Rs. 2,62,000
  2. Rs. 1,62,000
  3. Rs. 62,000
  4. Rs. 4,62,000
  5. Rs. 16,200
Question 14 Multiple Choice (Single Answer)

Mr Ravi had invested Rs. 52,000 in 18% Rs. 200 shares at a premium of 30%. What is the total income of Mr. Ravi from the shares?

  1. Rs. 7,800
  2. Rs. 7,200
  3. Rs. 2,200
  4. Rs. 6,200
  5. Rs. 3,200
Question 15 Multiple Choice (Single Answer)

A steel organisation with 6,000 shares of nominal value of Rs. 150 each declares an annual dividend of 18%. What is the annual income of Rahul who holds 98 shares in the organisation?

  1. Rs. 2,646
  2. Rs. 646
  3. Rs. 3,646
  4. Rs. 246
  5. Rs. 264
Question 16 Multiple Choice (Single Answer)

Rohit opened a recurring deposit account in the bank by paying Rs. 250 per month for 11 months. The rate of interest is 9% per annum and the amount of interest is calculated at the end of each month.
Which of the following could be the total interest accumulated after 11 months?

  1. Rs. 144.75
  2. Rs. 123.75
  3. Rs. 184.75
  4. Rs. 244.75
  5. Rs. 223.75
Question 17 Multiple Choice (Single Answer)

Rohit opened a recurring deposit account in the bank by depositing Rs. 250 per month for 11 months. The rate of interest is 9% per annum and the interest amount is calculated at the end of each month.

Which of the following could be the maturity value of the recurring deposit?

  1. Rs. 1,873.75
  2. Rs. 3,873.75
  3. Rs. 2,873.75
  4. Rs. 873.75
  5. Rs. 7,873.75
Question 18 Multiple Choice (Single Answer)

Which of the following is rate of interest given to Radha, if she receives the maturity amount of Rs. 6,455 from her recurring deposit account with the monthly deposit of Rs. 500 for one year?

  1. 24%
  2. 4%
  3. 14%
  4. 11%
  5. 2.4%
Question 19 Multiple Choice (Single Answer)

Suma gets Rs. 7,725.00 at the end of two years from recurring deposit account at the rate of 7% per annum. Which of the following is her monthly instalment?

  1. Rs. 300
  2. Rs. 3,000
  3. Rs. 400
  4. Rs. 600
  5. Rs. 500
Question 20 Multiple Choice (Single Answer)

Deepak opened a recurring deposit account in a bank and deposited Rs. 500 per month for 3 years. If he will receive an amount of Rs. 24,000 at the time of maturity, what is the rate of interest?

  1. 11.62%
  2. 1.62%
  3. 10.62%
  4. 21.62%
  5. 2.62%
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