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Stocks and Shares

Q1: In order to obtain an income of Rs. 650 from 10% stock at Rs. 96, one must make an investment of:

A Rs. 3100

B Rs. 6240

C Rs. 6500

D Rs. 9600

ANS:B - Rs. 6240

To obtain Rs. 10, investment = Rs. 96.

To obtain Rs. 650, investment = Rs. 96 x 650 = Rs. 6240.
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