Notice (8): Undefined variable: passageArr [APP/View/Argues/view.ctp, line 19]

If the market price of one share of Mutual Fund is Rs 53 in 2011, then how many shares did the Mutual Fund have in 2011?

A 45 × 105

B 55 × 105

C 50 × 105

D 65 × 105

E None of these

Solution

Correct Answer: Option B

Total value of mutual funds in 2011 =\(\frac{{11}}{{100}} \times 265 = 29.15{\rm\ {crores}}\)

Number of shares = 29.15 crores53=\(\frac{{29.15\ crores}}{{53}} =\)55 x 105 Shares

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions