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Xavier Aptitude Test 2011 Solved Paper

DIRECTIONS (Qs. 36-39) : Answer the questions based on the following information.
In the beginning of the year 2010, Mr. Sanyal had the option to invest Rs. 8,00,000 in one or more of the following assets – gold, silver, US bonds, EU bonds, UK bonds and Japanese bonds. In order to invest in US bonds, one must first convert his invertible fund into US Dollars at the ongoing exchange rate. Similarly, if one wants to invest in EU bonds or UK bonds or Japanese bonds one must first convert his investible fund into Euro, British Pounds and Japanese Yen respectively at the ongoing exchange rates. Transactions were allowed only in the beginning of every month. Bullion prices and Exchange rates were fixed at the beginning of every month and remained unchanged throughout the month. Refer to the table titled “Bullion Prices and Exchange Rates in 2010” for the relevant data.
Bullion Prices and Exchange Rates in 2010

Date	Gold prices	Silver prices	US$	€	£	¥
	₹/10 grams	₹/10 grams	₹/US$	₹/€	₹/£	₹/¥
January 1	20000	300	40	60	70	0.5
February 1	20100	302	41	61.5	71	0.51
March 1	20250	307	41	62	71	0.52
April 1	20330	310	42	62	71	0.52
May 1	20400	312	42	62.5	72	0.53
June 1	20500	318	42	62.5	72	0.54
July 1	20650	330	44	63	73	0.55
August 1	20720	335	45	63	73	0.55
September 1	20850	340	47	64	74	0.57
October 1	20920	342	49	65	74	0.58
November 1	20950	345	50	65	74.5	0.59
December 1	21000	350	50	65	75	0.6

Interest rates on US, EU, UK and Japanese bonds are 10%, 20%, 15% and 5% respectively.

Question : 39

Total: 101

Advisors were asked to prepare an investment strategy that involved US bonds , EU bonds and Japanese bonds, keeping at least 20% of the initial fund in each of these assets for the entire year and allowing exactly four additional transactions in the course of the year. On 2nd January 2011, while comparing five different recommendations that he had received from his financial advisors in the beginning of 2010, Mr. Sanyal referred to the table “Bullion Prices and Exchange Rates in 2010”. One transaction is defined as the buying or selling of an asset. Which of the recommendation out of the following was the best one ?

Two additional transactions each during the month of June and November.
Two additional transactions each during the month of June and October.
Two additional transactions each during the month of May and June.
Two additional transactions each during the month of March and November.
Two additional transactions each during the month of March and October.

Validate

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