Comprehension
Answer these questions based on the graph given below. The graph shows the net receipts (shaded) and mortgage advances (unshaded) from December 2000 to April 2001 for a building society in Rs. lakh.
Building Society bar graph
Question: 1

In which two months were the same amount of building society mortgage advances made?

Updated On: Sep 25, 2024
  • December & January
  • January & February
  • February & March
  • March & April
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The Correct Option is D

Solution and Explanation

The correct option is (D): March & April
In March & April months were the same amountof building society mortgage advances made.
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Question: 2

In which month was there the greatest excess of building society net receipts over mortgage advances?

Updated On: Sep 25, 2024
  • December
  • January
  • February
  • March
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The Correct Option is A

Solution and Explanation

The correct option is (A): December
Explanation:
The ratio of net receipts over mortgage advances will be greatest in the month which has the highest net receipts (since mortgage advances are same for all), which is in the month of December.
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Question: 3

What was the ratio of the society mortgage advances to net receipts in April 2001?

Updated On: Sep 25, 2024
  • 1:8
  • 1:6
  • 1:3
  • 1:4
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The Correct Option is C

Solution and Explanation

The correct option is (C): 1:3
Explanation:
Net receipts in April 2001 = 3400
Mortgage advances in April 2001 = 1000
Required ratio = \(\frac{1000}{3400}\)
\(\approx1:3\)
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Question: 4

Assume that, by the end of May 2001, the building society net receipts and mortgage advances had fallen by 50% and 25% respectively, compared to the figures for April 2001. What would the building society turnover (obtained by adding net receipts to mortgage advances) have been for May 2001 in Rs. lakh?

Updated On: Sep 25, 2024
  • 1800
  • 2200
  • 2400
  • 2100
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The Correct Option is C

Solution and Explanation

The correct option is (C): 2400
Explanation:
Net receipts (in Rs. lakhs) for May 2001 \(=\frac{50}{100}\times3400=1700\)
Advances (in Rs. lakhs) for May 2001\(=\frac{75}{100}\times1000=750\)
Total turnover (in Rs. lakhs) = 1700+750 = 2450 \(\approx\) 2400
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