New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Each of the questions below consists of a question and two statements numbered I and II given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and give answer –

    How much money did Miss Mishra receive as retirement

    fund? I. Out of the total money received, Miss Mishra gave 20% to her husband and 15% to her daughter. Out of the remaining, she invested 60% in Mutual Funds, 30% in Pension fund scheme and the remaining Rs. 3,90,000 she spent on miscellaneous items. II. Out of the total money received, Miss Mishra invested 62.5% in various schemes, gave 25% of the total money received to her husband and daughter and the remaining money she spent on miscellaneous items.
    A If the data in statement I alone is sufficient to answer the question, while the data in statement II alone is not sufficient to answer the question. Correct Answer Incorrect Answer
    B If the data in statement II alone is sufficient to answer the question, while the data in statement I alone is not sufficient to answer the question. Correct Answer Incorrect Answer
    C If the data either in statement I alone or in statement II alone is sufficient to answer the question. Correct Answer Incorrect Answer
    D If the data in both statements I and II together are necessary to answer the question. Correct Answer Incorrect Answer
    E If the data even in both statements I and II together are not sufficient to answer the question. Correct Answer Incorrect Answer

    Solution

    From I. Suppose Mishra receives Rs. 100x as retirement fund. Then, 100x - (20 + 15)x = 65% Again, 65x - (65x × 90)/100 = 6.5x So, 6.5x = 3,90,000 ∴x = (390000×10)/65 = Rs. 60,000 ∴ Mishra’s retirement fund = Rs. 60,000 Hence I alone is sufficient. In statement II, neither the total amount nor the remaining amount is given. Hence, with this statement we cannot answer the question.

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