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

    Question

    Direction (Q. 61 - 65): Read the following data and table to answer the following questions. There are five persons Jack, Jill, John, Jimmy and Joseph. There are three investment schemes in which these five persons can invest their money. The details of these schemes are given below. Note: (i) Amount cannot be withdrawn before maturity period.  (ii) No reinvestment after maturity period is allowed in any scheme. (iii) Total Amount (including interest) is payable at the end of the maturity period.

    . Joseph has Rs 24 lakh. How should he invest this money

    so as to get maximum amount?
    A Rs 10 lakh in shares and remaining in mutual funds Correct Answer Incorrect Answer
    B Rs 20 lakh in mutual funds and remaining in Shares Correct Answer Incorrect Answer
    C Rs 16 lakh in mutual funds and remaining in Shares Correct Answer Incorrect Answer
    D Rs 6 lakh in Debentures and remaining in Shares Correct Answer Incorrect Answer
    E Any one of the above as they pay equal amount. Correct Answer Incorrect Answer

    Solution

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