CAT 2024 Question Paper | DILR Slot 1

CAT Questions

CAT 2024 DILR did not have a change in pattern. Atleast two sets were doable in each slot and one of the four sets was extremely tough. Choice of Sets became a crucial factor. Overall this section was at a medium to high level of difficulty.

The chart below shows the price data for seven shares – A, B, C, D, E, F, and G as a candlestick plot for a particular day. The vertical axis shows the price of the share in rupees. A share whose closing price (price at the end of the day) is more than its opening price (price at the start of the day) is called a bullish share; otherwise, it is called a bearish share. All bullish and bearish shares are shown in green and red colour respectively.

Question 15 : Daily Share Price Variability (SPV) is defined as (Day's high price - Day's low price) / (Average of the opening and closing prices during the day). How many shares had an SPV greater than 0.5 on that day?

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Video Explanation

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Explanatory Answer

	DAY HIGH	DAY LOW	OPENING	CLOSING
A	2400	1200	2200	1800
B	2000	1400	2000	1700
C	1400	800	800	1200
D	1200	300	500	1000
E	1400	1100	1300	1100
F	2000	1200	1800	1600
G	1900	1000	1200	1700

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The question is " Daily Share Price Variability (SPV) is defined as (Day's high price - Day's low price) / (Average of the opening and closing prices during the day). How many shares had an SPV greater than 0.5 on that day? "

Solution:

SPV for A = (2400 - 1200) / ((2200 + 1800) / 2) = 1200 / 2000 = 0.6

SPV for B = (2000 - 1400) / ((2000 + 1700) / 2) = 600 / 1850 = 0.324

SPV for C = (1400 - 800) / ((800 + 1200) / 2) = 600 / 1000 = 0.6

SPV for D = (1200 - 300) / ((500 + 1000) / 2) = 900 / 750 = 1.2

SPV for E = (1400 - 1100) / ((1300 + 1100) / 2) = 300 / 1200 = 0.25

SPV for F = (2000 - 1200) / ((1800 + 1600) / 2) = 800 / 1700 = 0.47

SPV for G = (1900 - 1000) / ((1200 + 1700) / 2) = 900 / 1350 = 0.62

Number of shares that had an SPV greater than 0.5 on that day is 4 (A, C, D and G).

Hence, the answer is '4'

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