1.  By investing ₹ 1620 in 8% stock, Michael earns ₹ 135. The stock is then quoted at:
A. ₹ 80
B. ₹ 96
C. ₹ 106
D. ₹ 108

Answer: Option B

Explanation:

To earn ₹ 135, investment = ₹ 1620.

To earn ₹ 8, investment = ₹ 1620 x 8
135
  = ₹ 96.

Market value of ₹ 100 stock = ₹ 96.