The following table shows the shares traded on Mumbai, Rajasthan, Uttar Pradesh and Uttarakhand stock exchanges:
| Mumbai | Uttarakhand | Rajasthan | Uttar Pradesh | |||||
| Name of the company | High | Low | High | Low | High | Low | High | Low |
| Aata tea | 540 | 395 | 450 | 4255 | 320 | 510 | 440 | 310 |
| Kolgate | 34 | 57 | 60 | 42 | 25 | 60 | 20 | 70 |
| Jmbuja cement | 150 | 155 | 120 | 125 | 160 | 135 | 145 | 170 |
For Jmbuja cement, the ratio of the high rate of share to the low rate is maximum in the stock exchange at:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rajasthan.
According to the given table,
1. Mumbai:
For Jmbuja cement, the high rate of share = 150
The low rate of share = 155
The ratio of the high rate of share to the low rate of share = 150 : 155
⇒ 30 : 31 ≈ 0.97
2. Uttarakhand:
For Jmbuja cement, the high rate of share = 120
The low rate of share = 125
The ratio of the high rate of share to the low rate of share = 120 : 125
⇒ 24 : 25 ≈ 0.96
3. Rajasthan:
For Jmbuja cement, the high rate of share = 160
The low rate of share = 135
The ratio of the high rate of share to the low rate of share = 160 : 135
⇒ 32 : 27 ≈ 1.19
4. Uttar Pradesh:
For Jmbuja cement, the high rate of share = 145
The low rate of share = 170
The ratio of the high rate of share to the low rate of share = 145 : 170
⇒ 29 : 34 ≈ 0.85
Hence the ratio of the high rate of share to the low rate is maximum in the stock exchange at Rajasthan.