A man invests ₹ 24,000 on ₹ 60 shares at a discount of 20%. If the dividend declared by the company is 10%, then his annual income is :

1. ₹ 2,880

2. ₹ 1,500

3. ₹ 3,000

4. None of these

₹ 25 shares of a company are selling at ₹ 20. If the company is paying a dividend of 12%, then the rate of return is :

1. 10%

2. 18%

3. 15%

4. 12%

Assertion (A): Market value of a share always remains the same.

Reason (R): The value of a share printed on the share certificate is called its market value.

1. A is true, R is false

2. A is false, R is true

3. Both A and R are true

4. Both A and R are false

Assertion (A): Income of a shareholder is directly proportional to the number of shares he buys.

Reason (R): Income of a shareholder = $\text{Face value} \times \dfrac{ \text{No. of shares} \times \text{Rate of dividend}}{100}$

1. A is true, R is false

2. A is false, R is true

3. Both A and R are true

4. Both A and R are false