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Indian Economy - Understanding the basics of Indian economic system

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Find the income on 8% stock of Rs.1200 purchased at Rs.120?

Rs. 72

Rs. 88

Rs. 96

Rs. 120

Explanation:

Face Value = Rs.1200

Market Value = Rs.120

Dividend (income) = 1200 × 8 /100 = Rs.96

Hence, option 3 is the correct answer.

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