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Question : The monthly income of a person is INR 15,000. He saves 20% of his income. If his income increases by 10% and his nominal savings remain the same, then what will be his new expenditure?
Option 1: INR 13,000
Option 2: INR 14,500
Option 3: INR 13,500
Option 4: INR 14,000
Correct Answer: INR 13,500
Solution : The monthly income of a person = INR 15000 Savings = $\frac{20}{100}\times15000=3000$ Expenditure = Income – saving = 15000 – 3000 = 12000 When income increases by 10% = $\frac{110}{100}\times15000=16500$ Savings remain the same, so new expenditure = 16500 – 3000 = 13500 Hence,
Question : Directions: In the following question, out of the four alternatives, select the alternative that will improve the bracketed part of the sentence. In case no improvement is needed, select "No Improvement".
(If) the sky is overcast, I take my umbrella with me.
(1) When
(2) Unless
(3) Whenever
(4) No Improvement
Option 1: (1)
Option 2: (2)
Option 3: (3)
Option 4: (4)
Correct Answer: (3)
Solution : The sentence can be improved using the third option.
It replaces if with whenever indicating a repeated or habitual action in response to the condition of the overcast sky. This choice provides a clearer sense of the speaker's consistent behaviour.
Question : Find the Rate percent per annum, if Rs. 2000 amounts to Rs. 2315.25 in a year and a half, with interest being compounded half-yearly.
Option 1: 11.5%
Option 2: 10%
Option 3: 5%
Option 4: 20%
Correct Answer: 10%
Solution : Amount(A) = Rs. 2315.25 Principal(P) = Rs. 2000 Time = 1.5 years ($n$ = 3) By applying the formula: Amount = P[$(1+\frac{r}{100})^n$] where P is principal, $r$ is the rate of interest per term for $n$ terms. Since CI is compounded half-yearly. Let the rate
Question : Case Study: LMN Ventures - Financing Innovation and Research
LMN Ventures is a research-driven technology company aiming to innovate and develop cutting-edge products. The company is exploring various sources of business finance to support its research and development endeavors.
Question:Equity Shares and Preference Shares
How do preference shares differ from equity shares in terms of dividend payments?
Option 1: Preference shares pay higher dividends
Option 2: Equity shares pay fixed dividends
Option 3: Preference shares pay no dividends
Option 4: Equity shares have fixed interest rates
Correct Answer: Preference shares pay higher dividends
Solution : The correct answer is (a) Preference shares pay higher dividends
Preference shares typically pay higher dividends compared to equity shares. These dividends are predetermined and fixed, providing preference shareholders with a consistent income stream. On the other hand, equity shares do
Question : A Company's liquid assets are Rs.2,50,000 and its current liabilities are Rs.1,50,000. Thereafter, it paid Rs.50,000 to its trade payables. The quick ratio will be:
Option 1: 1.33:1
Option 2: 2.5:1
Option 3: 1.67:1
Option 4: 2:1
Correct Answer: 2:1
Solution : Answer = 2:1
Quick Ratio= $\frac{\text{Quick Assets}}{\text{Current liabilities}}$ New quick Assets = 2,50,000 - 50,000 = 2,00,000 New Current liabilities = Current liabilities – paid to trade payable = 1,50,000 - 50,000 = 1,00,000 New Quick Ratio = 2,00,000/1,00,000= 2:1. Hence, the correct option is
Question : Directions: If A + B means A is the father of B, A – B means A is the mother of B, A * B means A is the brother of B, A % B means A is the sister of B, so how is Q related to S in P + Q * R – S?
Option 1: Husband
Option 2: Uncle
Option 3: Brother
Option 4: Father
Correct Answer: Uncle
Solution : Given: P + Q means P is the father of Q, Q * R means Q is the brother of R, R – S means R is the mother of S.
As per the given information, the family tree will be as follows –
Here,
Question : The perimeter of a rectangle is 68 cm. If the area of the rectangle is 240 cm2, then what is the length of each of its diagonals?
Option 1: 25 cm
Option 2: 27 cm
Option 3: 26 cm
Option 4: 28 cm
Correct Answer: 26 cm
Solution : Given, Perimeter of a rectangle = 68 cm Area of the rectangle = 240 cm2 Let the length be l and breadth be b. Perimeter of Rectangle = 2(l + b) ⇒ 2(l + b) = 68 ⇒ l + b = 34............(1)
Question : $\mathrm{A}$ and $\mathrm{B}$ are running on a circular track of length $1400 \;\mathrm{m}$. The speed of $\mathrm{A}$ is $33\; \mathrm{m/s}$ and the speed of $\mathrm{B}$ is $47\; \mathrm{m/s}$. They start from the same point at the same time in the opposite direction. After how much time (in seconds ) will they meet for the second time?
Option 1: $33$
Option 2: $38$
Option 3: $35$
Option 4: $32$
Correct Answer: $35$
Solution : The relative speed of A and B $=33\;\mathrm{m/s} + 47\;\mathrm{m/s} = 80\;\mathrm{m/s}$ The time they take to meet for the first time $=\frac{1400}{80} = 17.5\;\mathrm{s}$ Since they meet every time they cover the length of the track, They will meet for the second time after
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