Directions : Study the table carefully to answer the questions that follow:
Percentage of students in MBA class, who sought employment in the area of Finance, Marketing and Software :
Average starting salaries of the students per month (in ` thousands) in these areas :
Number of Students passed out :
Q1. In 2007, students seeking jobs in finance earned more than those opting for software (per annum) by ––
1) Rs. 1.764 lakhs
2) Rs. 17.64 lakhs
3) Rs. 21.168 lakhs
4) Rs. 12 lakh
5) None of these
Q2.What is the percentage increase in the average monthly salary offered to a software student over the given five years ?
1) 70
2) 41
3) 67
4) 43
5) None of these
Q3. The number of students, who get jobs in finance is less than the students getting software Jobs, in the five years by –
1) 4
2) 42
3) 9
4) 226
5) None of these
Q4.What is the percentage increase in the average salary of finance from 2004–2008 ?
1) 26%
2) 29%
3) 36%
4) 32%
5) None of these
Q5. The average annual rate at which the initial salary offered in marketing increase is –––
1) 31.5 %
2) 22.4 %
3) 71.32 %
4) 29 %
5) None of these
Answer & Explanation1. 3
Req difference in the amount earned = (16/100 * 1000 – 14/100 * 1000 * 7200) * 12
= Rs. 21.168 lakh
2. 5
Req% increase = (7280 – 4240)/4240 * 100 = 72% approx
3. 1
Req Difference = (0.30 * 400 + 0.34 * 600 + 0.32 * 200 + 0.14 * 1000 + 0.16 * 800) – (0.24 * 400 + 0.18 * 600 + 0.32 * 200 + 0.16 * 1000 + 0.28 * 800) = 4
4. 3
Req % increase = (8440 – 6210)/6210 * 100 = 36% approx
5. 2
Req annual rate = {(9250 – 4880)/4880 * 100} * 1/4
= 22.3873 = 22.4% approx
