Quantitative Ability (Part 4 of 9)
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Directions: Answer these questions on the basis of the information given below:
Shabnam is considering three alternatives to invest her surplus cash for a week. She wishes to guarantee maximum returns on her investment. She has three options, each of which cart be utilized fully or partially in conjunction with others.
Option A: Invest in a public sector bank. It promises a return of + 0.10% .
Option B: Invest in mutual funds of ABC Ltd. A rise in the stock market will result in a return of + 5% , while a fall will entail a return of-3% .
Option C: Invest in mutual funds of CBALtd. Arise in the stock market will result in a return of-2.5% , while a fall will entail a return of + 2% .
- The maximum guaranteed return to Shabnam is
- 0.30%
- 0.25%
- 0.10%
- 0.20%
- 0.15%
- Answer: d
- What strategy will maximize the guaranteed return to Shabnam?
- 30% in option A, 32% in option B and 38% in option C
- 100% in option A
- 36% in option B and 64% in option C
- 64% in option B and 36% in option C
- in each of the three options
- Answer: c