Class 10 Shares and Dividends Mock Test (ICSE)

Topics in Shares and Dividends

• Face value and market value
• Premium and discount
• Dividend and rate of dividend
• Return percent on investment
• Buying and selling shares

Shares and Dividends practice questions with answers

1. Q1Multiple choice·1 mark
   A person buys $50$ shares of face value ₹ $100$ at ₹ $120$ each. If he sells all of them at ₹ $135$ each, his total profit is:

   1. (a)₹ $600$
   2. (b)₹ $900$
   3. (c)₹ $750$
   4. (d)₹ $500$
   Show answer and step marks

   1. Correct option: (c) Profit per share = ₹ $(135 - 120) = ₹ 15$. Total profit = $50 \times ₹ 15 = ₹ 750$.+1

   Answer: (c)
2. Q2Multiple choice·1 mark
   An investor buys shares of face value ₹ $10$ each at a market value of ₹ $15$ per share and later sells them at ₹ $12$ per share, ignoring brokerage. The loss per share arises because the selling price is less than the buying price, and the loss per share is

   1. (a)₹ $27$
   2. (b)₹ $5$
   3. (c)₹ $2$
   4. (d)₹ $3$
   Show answer and step marks

   1. Correct option: (d) ₹ $3$ (loss per share = buying price - selling price = ₹ $15 - ₹ 12 = ₹ 3$)+1

   Answer: (d)
3. Q3Multiple choice·1 mark
   A share of face value ₹ $100$ is available at a premium of ₹ $15$. The market value of $20$ such shares is:

   1. (a)₹ $1700$
   2. (b)₹ $2300$
   3. (c)₹ $2150$
   4. (d)₹ $2000$
   Show answer and step marks

   1. Correct option: (b) Market value of one share = ₹ $100 + ₹ 15 = ₹ 115$. Total market value = $20 \times ₹ 115 = ₹ 2300$.+1

   Answer: (b)
4. Q4Multiple choice·1 mark
   If a share of face value ₹ $50$ is quoted at a discount of $20\%$, its market value is:

   1. (a)₹ $10$
   2. (b)₹ $40$
   3. (c)₹ $60$
   4. (d)₹ $30$
   Show answer and step marks

   1. Correct option: (b) Market value = ₹ $50 - \left(\frac{20}{100} \times 50\right) = ₹ 50 - ₹ 10 = ₹ 40$.+1

   Answer: (b)
5. Q5Multiple choice·1 mark
   A business news report states that a company has declared a dividend of $18\%$ on its shares of face value ₹ $40$ each. How much dividend will an investor receive on each share?

   1. (a)₹ $0.72$
   2. (b)₹ $7.20$
   3. (c)₹ $22.00$
   4. (d)₹ $72.00$
   Show answer and step marks

   1. Correct option: (b) ₹ $7.20$ (dividend = $18\%$ of ₹ $40$ = $\frac{18}{100} \times 40 = 7.20$)+1

   Answer: (b)
6. Q6Multiple choice·1 mark
   A man holds $250$ shares of face value ₹ $10$ each. If the company declares an annual dividend of $12\%$, his total dividend is:

   1. (a)₹ $300$
   2. (b)₹ $120$
   3. (c)₹ $250$
   4. (d)₹ $350$
   Show answer and step marks

   1. Correct option: (a) Total face value = $250 \times ₹ 10 = ₹ 2500$. Dividend = $\frac{12}{100} \times ₹ 2500 = ₹ 300$.+1

   Answer: (a)

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