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 FUNDAMENTALOF BUSINESS
MATHEMATICS

Content
No Topic No of
questions
1 Fundamental of business mathematics 80
2 Algebra 100
3 Calculus application in business 20
4 Statistical Representation of Data 19
5 Measures of Central Tendency and 20
Dispersion
6 Correlation and Regression 20
7 Probability 25
8 Index Numbers and Time Series 30
Total 314

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FUNDAMENTALOF BUSINESS
MATHEMATICS
Multiple Choice Questions (MCQ)

[Ratio, Variation and Proportion]

1. If Q: W2:3, W:T4:5 and T: Y6:7, find Q: Y.

(a) 35:51
(b) 16:35
(c) 16:51
(d) 35:51

2. Two numbers are in the ratio 7: 9, if the sum of the numbers is 288, then
the smaller number is
(a) 126
(b) 288
(c) 162
(d) 144

3. When the number 1580 is increased in the ratio 5: 9, the new number is
(a) 788
(b) 2488
(c) 878
(d) 2844

4. The ratio of the number of faces to the number of edges of a box is

(a) 3:8
(b) 8:3
(c) 1:2
(d) 2:1

5. Find the fourth proportional to 6, 8, 9 is

(a) 18
(b) 12
(c) 7
(d) 13

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6. Find the compounded ratio of: 15: 8 and 18:5

(a) 27:4
(b) 4:27
(c) 27: 8
(d) 8:27

7. Find the third proportional to 6 and 5

(0) 호
(b) 32
(c) 4
(d) 8

8. Find the Duplicate ratio of: 8:√4b

(a) 64:26
(b) 16:
(c) 32:46
(d) 32:8b

9. If 4 and 47 when 83, then when #824, 4 is

(a) 룩
(b) 3
(c) 9
(d) 1

10. If 48 o XY and ++then

(a) +BxX+Y
(b) 4+ Bx XY
(c) AB X+Y
(d) 4+Bx

11. Using the properties of proportion, solve the following equation for y,
given 31
(a) 14
(b) 11
(c) 12
(d) 10

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12. The ratio of 45 seconds to 5 minutes is

(a) 5:21
(b) 3:23
(c) 2:19
(d) 1:27

13. A class consists of 48 male students and 23 female students. Find the
ratio of female students to total strength of the class.
(a) 23:48
(b) 48: 23
(c) 48: 71
(d) 23: 71

14. The mean proportional between 80 and is

(a) 16
(b) 4
(c) 8
(d) 32

15. Find the Triplicate Ratio of:

(a) 8:27
(b) 27: 8
(c) 4:9
(d) 9:4

16. If 4, 6, p, 27, q are in continued proportion, find the values of p and q

(a) p9,q9
(b) p9,q81
(c) p81,49
(d) p81,481

17. If a Stadium having spectators divided into groups of Young Generation

and Old Generation and the number of young spectators are 1525 and old
spectators are 1875. Find the ratio of Total Spectators to Young
Spectators.
(a) 136:75
(b) 136:85
(c) 75:61
(d) 136:61

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18. Find two numbers whose mean proportional is 8 and the 1" number is
square of the 2 number.
(a) 8,8
(b) 4,2
(c) 16,4
(d) 64, 8

19. What number must be subtracted from each of the numbers 12, 13, 24
and 29 to make them proportional?
(a) 9
(b) 8
(c) 35
(d) 36

20. The ratio of the pocket money saved by Rakesh and his sister is 5:6. If
the sister saves 160 more, how much more the brother should save in
order to keep the ratio of their savings unchanged?
(a) 160
(b) 240
(c) 250
(d) ₹70

[Time value of Money and Annuity Simple and Compound Interest]

21. AMS & Co. borrows 1,20,000 for one year at 15% annual interest,
compounded monthly. Find their monthly payment.
(a) ₹11,380
(b) 10,830
(c) 11,430
(d) 10,740

22. A certain sum of money invested at a certain rate of compound interest

doubles in 8 years. In how many years will it become 16 times?
(a) 31 years
(b) 28 years
(c) 30 years
(d) 32 years

23. Calculate the present value of an annuity of ₹3,000 received at the

beginning of each year for 5 years at a

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discount factor of 6%
(a) 13,998
(b) 713,398
(c) 14,398
(d) 14,898

24. AB LLP is expecting to receive a certain sum of money five years from
now. If the present value of this sum is *38,400 at current market interest
rate of 6% when the interest is compounded monthly, then how much
amount they will receive after 5 years?
(a) 752,684
(b) 752,884
(c) 751,904
(d) 251,794

25. What sum will amount to ₹5480 in 6 years at 10% p.a. compound
interest payable halfyearly?
(a) 3,051
(b) 2,051
(c) 3,501
(d) ₹2,501

26. Mr. Singh deposits ₹2,000 at the beginning of each year for 5 years.
How much do these accumulate at the end of 5th year at an interest rate of
6%?
(a) 10,272
(b) 11,591
(c) 10,727
(d) ₹11,951

27. A buys a shop for 248,750 down payment and 760,000 after one year. If
the money is worth 10% per year compounded halfyearly. Find the
purchase price of the shop.
(a) 794,280
(b) ₹1,03,170
(c) 745,530
(d) ₹54,420

28. A loan of ₹20,000 has been issued for 5 years. Compute the amount to
be repaid to the lender if simple interest is charged @ 8% per year.

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(a) 28,000
(b) 725,000
(c) 27,000
(d) 24,000

29. A sum of 14895 borrowed from a money lender at 5% p.a. compounded

annually. Find the annual instalment, if amount borrowed is to be paid
back in three equal annual instalments.
(a) 1,597
(b) 1,997
(c) 1,397
(d) ₹1,797

30. AMS & Co. makes a monthly payment for 11,350 for one year at 11%
annual interest, compounded monthly. Find the amount borrowed by
them.
(a) 1,31,889
(b) 1,38,284
(c) 1,21,542
(d) 1,22,802

31. Calculate the present value of an annuity of ₹5,000 received annually

for 4 years at a discount rate of 5%.
(a) 17,720
(b) 12,250
(c) 22,250
(d) 27,720

32. Find the Principal, if the compound value is ₹9,750 at the interest rate
of 6.25% p.a. compounded annually for 16 years.
(a) 74,287
(b) 3,857
(c) 3,696
(d) 74,857

33. Find the amount and the compound interest of 19, 350 at the rate of 8%
pa. compounded halfyearly for four years.
(a) 12,795 and 3,445
(b) 12,720 and 73,370
(c) 12,758 and 3,408

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(d) ₹12,835 and 3,485

34. When the effective rate of interest is 7.82% payable quarterly, what
would be the nominal rate of interest?
(a) 8.00%
(b) 7.60%
(c) 7.00%
(d) 8.20%

35. Find the present value of perpetuity of ₹2,725 at 0.50% per month
compound interest.
(a) 745,167
(b) 745,417
(c) 744,517
(d) 744,157

36. A sum of money double itself at 7% p.a. compound interest in

(a) 10.27 years
(b) 10.00 years
(c) 12.07 years
(d) 12.00 years

37. A Laptop depreciated in value each year at 15% of its previous value
and at the end of fourth year, the value was 136,331. Find its original value.
(a) 69,600
(b) 169,200
(c) 769,300
(d) 69,500

38. A wants to create an endowment fund of 51,750 to provide for a prize of

every year. If the fund can be invested at 11% p.a. compound interest, find
the amount of prize.
(a) 75,933
(b) 75,963
(c) 75,993
(d) 5,693

39. Accumulated series of deposits as future sum money is classified as

(a) Annuity Fund
(b) Sinking Fund

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(c) Marginal Fund

(d) Nominal Fund

40. The compound interest on 27,500 at 8% p.a. is ₹7,142. Calculate the

required time.
(a) 3 years
(b) 2.5 years
(c) 3.5 years
(d) 4 years

[Arithmetic Progression and Geometric Progression]

Solve Q. Nos. 41 to 50 using the following information. For the series 5, 12,
19, 26, 33, 40.........

41. Identify the type of given series.

(a) A.P.
(b) G.P.
(c) H.P.
(d) None of the Above

42. Find the value of the 12th term of the series.

(a) 89
(b) 92
(c) 82
(d) 75

43. Which term of the series would be 68?

(a) 10
(b) 9
(c) 12
(d) 8

44. What would be the value of the 9th term?

(a) 66
(b) 68
(c) 59
(d) 61

45. What would be the sum of the first 11 terms of the series?

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(a) 419
(b) 440
(c) 420
(d) 426

46. Which term of the series would be 82?

(a) 12
(b) 11
(c) 10
(d) 14

47. If the sum of the series is 297, how many terms are there in the series?
(a) 8
(b) 9
(c) 10
(d) 7

48. What is the value of "a"?

(a) 40
(b) 12
(c) 5
(d) 7

49. Find the value of 'd"?

(a) 7
(b) 5
(c) 7
(d) 5

50. Value of 'd' is

(a) Zero
(b) Negative
(c) Positive
(d) Undefined

51. Find the next 5 terms for the series: 2,4,8,16, 32

(a) 64, 128, 256, 512, 1024
(b) 64,128, 256, 512, 1024
(c) 64, 128, 256, 512, 1024
(d) 64, 128,256,512,1024

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52. Find the value of 'r' for the series: 729, 243, 81, 27, and 9
(a) 3
(b) 3
(c) 1/9
(d) 1/3

53. For any series having 50 terms forming A.P. with first term equal to 25,
what will be the value of 'n"?
(a) 50
(b) 25
(c) 75
(d) 100

54. Find the next 6 terms for the series: 128, 139, 150, 161, 172, 183.
(a) 194, 205, 216, 228, 240, 252
(b) 194, 205, 217, 229, 242, 256
(c) 194, 205, 218, 231, 245, 259
(d) 194, 205, 216, 227, 238, 249

55. For the given series: 66, 71, 76, 81, 86, 91, 96.666, 671, 676.
With 'n' terms in the series, what will be the value of "d"?
(a) 5
(b) 15
(c) 3
(d) 5

56. Identify the type of series and the value of 'a': 85, 83, 81, 79,77
(a) A.P.,a85
(b) A.P.,a2
(c) G.P., a2
(d) G.P., 85

57. For any G.P. starting with 28, if each term is obtained by dividing the
preceding one by 2, what would be value of "r"?
(a) 2
(b) 2
(c) 1/2
(d)1/2

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58. If the First term is 748, Last Term is 28, and the value between two
consecutive terms is 9 deducted, find the number of terms in the series.
(a) 9
(b) 8
(c) 10
(d) None of the above

59. If the Last term is 187, First Term is 371, value between two
consecutive terms is 8 deducted, find the number of terms in the series.
(a) 25
(b) 22
(c) 23
(d) 24

60. Identify the type of series: 1+2+3+4+5

(a) HP.
(b) G.P.
(c) Either of 'a' or 'b'
(d) A.P.

[Time and Distance]

61. When a Bike had travelled for 78 km in 3 hours 45 minutes in the

evening, how much distance would the Bike travelled in 2 hours?
(a) 41.60 km
(b) 48.88 km
(c) 52 km
(d) 55 km

62. A cycle travels a distance of 300 m in every second. What is the

distance covered in an hour by the cycle?\
(a) 3000 km
(b) 1080 km
(c) 1800 km
(d) 2160 km

63. A Car takes 4 hours to travel 90 km. If time is reduced by 15 minutes,

how much distance would be covered in the given time?
(a) 84.375 km
(b) 80 km

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(c) 95.625 km
(d) 90 km

64. A Train takes 35 hours to reach Punjab from Kolkata (1940 km) and
takes 42 hours to reach Kolkata from Gujarat (2160 km). But it took 25
hours from Punjab to Gujarat (1420 km). How many days it take for a trip
from KolkataPunjabGujaratKolkata and what is the distance covered?
(a) 4 days 6 hours and 5520 km
(b) 3 days 18 hours and 5520 km
(c) 4 days and 2680 km
(d) 5 days and 2680 km

65. If Bike had travelled at the speed of 40km/hr for 2 hours and scooty had
travelled at the speed of 25km/hr for 3 hours, which one of them covered
more distance and how much more was covered?
(a) Scooty, 30km
(b) Bike, 80 km
(c) Bike, 5 km
(d) Scooty, 75km

66. If Bike covers 165 km in 3 hours and scooty covers 100 km in 2 hours, in
order to cover 1025 km, how much time would be required by bike and
scooty?
(a) 12.42 hours and 12.42 hours
(b) 21.50 hours and 19.63 hours
(c) 19.52 hours and 19.52 hours
(d) 18.63 hours and 20.50 hours

67. y is the yardstick to measure the performance of two vehicles, where

ySpeed × Timex Distance. If Time taken by one of the vehicle (1st Vehicle) is
increased by 10%, what would be the impact on the yardstick?
(a) No change
(b) Ist vehicle would be better than 2nd Vehicle
(c) 2nd Vehicle would be better than 1st Vehicle
(d) None of the Above

68. If a student is travelling at a speed of 45 km/hr, how long should it take

to travel 90 km?
(a) 2 hours
(b) 3 hours

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(c) 100 minutes

(d) 90 minutes

69. With 5% increase in Distance and 2.50% increase in Time, what would
be the impact on Speed?
(a) Decrease by 2.44%
(b) Increase by 2.44%
(c) Increase by 2.38%
(d) Decrease by 2.38%

70. If a Car covered 200 km at a speed of 25kmph and a Bike covered 150
km at a speed of 30kmph, which one of them took more time to cover the
distance and what was the time taken?
(a) Car, 3hrs
(b) Bike, 8 hrs
(c) Car, 8 hrs
(d) Bike, 5 hrs

71. If Toto had travelled at the speed of 15km/hr for 11 hours and Car had
travelled at the speed of 45km/hr for 3.5 hours, which one of them covered
shorter distance and how much short?
(a) Car, 7.50 km
(b) Toto, 7.50 km
(c) Car, 15 km
(d) Toto, 15 km

72. If ratio between Speed(km/hr.) and Time(Hrs) is 7:5, what will be the
distance(km)?
(a) 30 km
(b) 35 km
(c) 36 km
(d) 42 km

73. The distance between two terminal stations of Metro is 240 km. A
metro rail takes 2 hours to cover the distance. Calculate the total distance
covered in 5 days, if 10 trips to and fro takes place between the two
stations in a day?
(a) 6,000 km
(b) 12,000 km
(c) 24,000 km

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(d) 18,000 km

74. If A takes 3 hours to cover a distance of 60 km, B takes 2 hours to cover

a distance of 50 km, how much time would A take more than B to cover 300
km?
(a) 6 hours
(b) 12 hours
(c) 15 hours
(d) 3 hours

75. If Toto covered 240 km at a speed of 40kmph while Scooty covered 180
km at a speed of 60 kmph, which one of them took less time to cover the
distance and what was the time taken ?
(a) Scooty, 3 hrs.
(b) Toto, 6 hrs
(c) Toto, 3 hrs.
(d) Scooty, 6 hrs.

76. With 10% decrease in Distance and 5% increase in Time, what would
be the impact on Speed?
(a) Decrease by 16.67%
(b) Increase by 16.67%
(c) Increase by 14.28%
(d) Decrease by 14.28%

77. The distance between two terminal metro stations A & B is 300 km. A
metro rail takes 1.50 hours to cover the distance. Calculate the total time
worked by the driver (in terms of days) in a week, if 6 trips from Station A to
Station B takes place in a day?
(a) 3.50 days
(b) 5.25 days
(c) 2.50 days
(d) 4.25 days

78. y is the yardstick to measure the performance of two vehicles, where y

= Speed > Time x Distance. If Distance travelled by one of the vehicle (2nd
Vehicle) is increased by 2%, what would be the impact on the yardstick?
(a) Ist Vehicle would travel 4% more distance
(b) 2nd Vehicle would travel 4% more distance
(c) No change in the distance travelled by any of the vehicle

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(d) None of the above

79. If a Toto travels for 6 hours on a working day to cover 1.5 times the
distance travelled on holiday and on a holiday it takes 4 hours to cover 110
km. than for a span of 7 days: (5 Working and 2 Holidays), how much
distance is covered?
(a) 1054 km
(b) 1045 km
(c) 880 km
(d) 990 km

80. If ratio between Time (seconds) and Speed (m/s) is 12:13, what will be
the distance (m)?
(a) 156 m
(b) 1.56 km
(c) 0.0156 m
(d) 15.6 km

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Solutions –

Ratio, Variation, and Proportion

1. Q:Y 10. The correct solution of the

(b) 16:35 equation is
(b) 4+Bx XY
2. The smaller number is
(a) 126 11. Solving for y using the
properties of proportion yields
3. The new number is (c) 12
(d) 2844
12. The ratio of 45 seconds to 5
4. The ratio of the number of faces minutes is
to the number of edges of a box is (a) 5:21
(a) 3:8
13. The ratio of female students to
5. The fourth proportional to 6, 8, 9 the total strength of the class is
is (d) 23:71
(a) 18
14. The mean proportional
6. The compounded ratio of 15:8 between 80 is
and 18:5 is (d) 32
(a) 27:4
15. The triplicate ratio is
7. The third proportional to 6 and 5 (b) 27:8
is
(b) 32 16. The values of p and q are
(b) p = 9, q = 81
8. The duplicate ratio of 8:√4 is
(b) 16: 17. The ratio of Total Spectators to
Young Spectators is
9. If the ratio is set up correctly, (d) 136:61
the answer would be
(b) 3 18. The two numbers whose mean
proportional is 8 are

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 17

(c) 16, 4
20. The brother should save an
19. The number that must be additional
subtracted is (b) 240
(b) 8

Time Value of Money and Annuity Simple and Compound Interest

21. The monthly payment is

(b) ₹10,830 30. The amount borrowed by AMS
& Co. is
22. It will become 16 times in (b) ₹1,38,284
(d) 32 years
31. The present value of the
23. The present value of an annuity is
annuity is (a) ₹17,720
(c) ₹14,398
32. The principal amount is
24. AB LLP will receive after 5 (c) ₹3,696
years
(b) ₹75,2884 33. The compound interest and
amount are
25. The sum that will amount to (d) ₹12,835 and ₹3,485
₹5480 in 6 years is
(d) ₹2,501 34. The nominal rate of interest is
(a) 8.00%
26. Mr. Singh's accumulation at
the end of the 5th year is 35. The present value of the
(d) ₹11,951 perpetuity is
(b) ₹745,417
27. The purchase price of the shop
is 36. The sum doubles itself in
(a) ₹794,280 (a) 10.27 years

28. The amount to be repaid for 37. The original value of the laptop
the loan is is
(a) ₹28,000 (b) ₹169,200

29. The annual instalment is 38. The amount of the prize is

(d) ₹1,797 (d) ₹5,693

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39. Accumulated series of 40. The required time is

deposits is classified as (a) 3 years
(b) Sinking Fund

Arithmetic Progression (AP) and Geometric Progression (GP)

41. (a) A.P. 46. (a) 12

42. (c) 82 47. (b) 9

43. (a) 10 48. (c) 5

44. (d) 61 49. (a) 7

45. (b) 440 50. (c) Positive

Time and Distance

61. (a) 41.60 km 70.(c) Car, 8 hours

62. (b) 1080 km 71.(a) Car, 7.50 km

63. (a) 84.375 km 72. (b) 35 km

64. (a) 4 days 6 hours and 5520 km 73.(c) 24,000 km

65. (c) Bike, 5 km 74.(d) 3 hours

66.(d) 18.63 hours and 20.50 75.(a) Scooty, 3 hours

hours
76.(d) Decrease by 14.28%
67.(c) 2nd Vehicle would be better
than 1st Vehicle 77. (c) 2.50 days

68.(a) 2 hours 78. (b) 2nd Vehicle would travel

4% more distance
69. (d) Decrease by 2.38%
79.(d) 990 km

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80.(a) 156 m

Module II Algebra

In a customer feedback survey of 60, it was found Coke was liked by 24,
Fanta by 27, Coca Cola by 11, Thums Up by 9. While, 18 liked both Fanta
and Coke and 15 liked both Thums Up and Coca Cola and 11 liked all.
Based on the above information answer Q. Nos. 1 to 10.

1. How many people liked any one of the products?

(a) 33
(b) 18
(c) 11
(d) 27

2. How many people liked Fanta?

(a) 18
(b) 11
(c) 24
(d) 27

3. How many people did not like any of the products?

(a) 33
(b) 13
(c) 9
(d) 15

4. How many people liked either Fanta or ThumsUp?

(a) 27
(b) 36
(c) 37
(d) 28

5. How many people liked Fanta, Coke or Thums Up?

(a) 42
(b) 53
(c) 41
(d) 54

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6. How many people liked Mazaa?

(a)0
(b) Not available as product (None of them)
(c) Zero
(d)All of the above

7. How many people liked any two products?

(a) 18
(b) 15
(c) 33
(d) 22

8. How many people liked Thums Up, Coke, Coca Cola and Fanta?
(a)11
(b) 49
(c) 60
(d) 50

9. How many people liked all the products?

(a) 60
(b) 11
(c) 09
(d) 12

10. How many people liked either Coke or Thums Up?

(a) 24
(b) 11
(c) 09
(d) 33

11. If Set A= {Q, W, E, R, T, Y} and Set B (B, G, R, E, O, K), find (AB).

(a) Set (AB){Q, W, T, Y}
(b) Set (AB) { B, G, O, K}
(c) Set (AB) {E, R}
(d) None of the Above

12. If A={W, N, M, I}; B={Q, E, H, J}; C= {I, L, E, R}. Find AU (BNC).

(a) {W, Q. E, H, J}
(b) (Q. I, L, E, R)

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

 21

(e) {E, W, N, M, I}
(d) {T, I, L, E, R}

13. If Set B = {B, G, R, E, O, K) is a subset of Set A= {Q, E, R, T, Y, U, I, O, P, K,

G, B}, find B'.
(a) Set B' (B, G, R, E}
(b) Set B'{Q, E, G, B}
(c) Set B'= {E, R, T, Y}
(d) Set B'{Q, T, Y, U, I, P}

14. If Set A={8, 9, 7, 5, 6, 2) and Set B={1, 4, 9, 3, 8, 2}, find the union of B
and A.
(a) Set (BUA)(8, 9, 7, 5, 6, 2, 1, 4, 9, 3, 8, 2}
(b) Set (BUA) (8,9,2}
(c) Set (BUA)= {1, 2, 3, 4, 5, 6, 7, 8, 9)
(d) None of the Above

15. If P1{78, 77, 76, 75}; P2= {71, 72, 73, 74}; P3 (80, 79, 70, 69}
Find (PIP2) U(P2 P3).
(a) (PINP2) U (P2 P3)= {}
(b) (PINP2) U (P2 P3)= {}
(c) Both 'a' and 'b'
(d) None of the Above

16. If A= {W, R, Y, I}; B (Q, E, T, U}; C (Q, W, E, R}. Find A (BUC).

(a) A (BUC)(W, R)
(b) AN (BUC)(Q, E}
(c) An (BUC)(Y, I}
(d) A (BUC) (T,U)

17. If Set A = {Q, W, E, R, T, Y} and Set B (B, G, R, E, O, K}, find (BA).

(a) Set (BA){Q, W, T, Y}
(b) Set (BA){ B, G, O, K}
(c) Set (BA){E, R}
(d) None of the Above

18. If A= {8, 11, 14, 17); B (5, 7, 9, 15); C (19, 21, 17, 15). Find A U (BOC).
(a) AU (BNC) (8, 11, 14, 15, 17}
(b) AU (BNC) (8,5,7,9, 15}
(c) AU (BNC) (11, 19, 21, 17, 15}

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(d) AU (BOC) {11, 19, 21, 15, 8}

19. In Venn diagram, Universal Set is represented by

(a)Stars
(b) Squares
(c) Rectangle
(d) Circles

20. According to De Morgan's Law: (B° C)'=.

(a) B' UC'
(b) B'nc'
(c) BUC
(d) B'n c

21. Find the value of: 3x31

(a) 312
(b) 531441
(c) 19683×27
(d) All of the above

22. Find the value of (2.85), when 0.0016 (1/5)*.

(a) 2.85
(b) (2.85)
(c) (2.85)
(d) Either 'b' or 'c"

23. When the value of p>m, simplify q× q".

(a) q
(b) q
(c) q
(d) None of the above

24. What will be the value of (9)3?

(a) 59004 x 9
(b) 59049 x 9
(c) 49005 x 9
(d) 49059 x 9

25. Find the value of 11/11?

(a) 113

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 23

(b) 1/11
(c) 1331
(d) 1331

26. What will be the value of 3x3x3x3x3 ?

(a) 321
(b) 316
(c) 319
(d) 31

27. Find the value of 6×6×6×6

(a) 0
(b) 1
(c) 6
(d) 216

28. Find the value of b when=(a) and a2b

(a)1
(b) 2a
(c) 22
(d) a2

29. What will be the value of (7)??

(a) 117649
(b) 196471
(c) 16807
(d) 18607

30. What will be the value of 9x9+x92x93×9° ?

(a) 911
(b) 921
(c) Both 'a' and 'b'
(d) None of the above

31. Find the value of (92/3') × (3/9)?

(a) 34
(b) 35
(c) 3

32. Find the value of (1.25), when (1/3) = (6561)1

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 24

(a) 1.5+0.0625
(b) 1.5625
(c) (1.25)
(d) All of the above
33. Simplify 3(a1) b'/6b2(a3)"
(a) 1/(2ab)
(b) x ab
(c) 2ab
(d) None of the above

34. Evaluate √16

(a)
(b) 2
(c) 2
(d) None of the above

35. Simplify 7 x 729 x 749 x 71 x 749

(a) 7
(b) 1
(c)0
(d) None of the above

36. When abc and bac then 1/x, 1/y, 1/2 should be in
(a) G.P
(b) A.P
(c) H.P
(d) None of the above

37. What will be the value of 75x7*×7a × 73×7° ?

(a) 7
(b) 1
(c) 7
(d) None of the above

38. Find the value of (3/9) × (9/3*)?

(a) 3
(b) 32
(c) 34
(d) 3

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39. What will be the value of (6×6)/(6×6)?

(a)(67)
(b) 6
(c) 6
(d) None of the above

40. Find the value of 19°/19°

(a) 19:
(b) 197
(c) 19°
(d) 19°

41. Express log, 10 in exponential form.

(a) 9'=0
(b) 9°1
(c) 1=1
(d) 0° 0

42. Express 4' = 64 in logarithmic form.

(a) log, 6=3
(b) log, 3=4
(c) log, 64 3
(d) log, 64 = 4

43. Solve log(8y+3)=3

(a)8
(b) 997
(c)1008
(d) 992

44. If log(1)+1=2x log, f, find the value of t.

(a) 1
(b) 0
(c) 4
(d)2

45. Find when log,t=6

(a) 729
(b) 27
(c) 81

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(d) 243

46. Find the logarithm of 324 with the base 3√√2.

(a) 4
(b) 0
(c) 2
(d) 4

47. Find the value of: 1001

(a) 100
(b) To
(c) Both 'a' and "b"
(d) None of the above

48. For the logarithms to be in A. P. Series, the positive numbers should be

following
(a) H. P.
(b) G. P.
(c) A. P.
(d) None of the above.

49. If log,, what will be the value of base?

(a) 2
(b)14
(c) ke
(d)글

50. Find / when log, 3125=5

(a) 5
(b) 125
(c) 25
(d) 625

51. State True or False: log2+2 log4=3 logg+7log

(a) True10
(b) False
(c) Not possible
(d) None of the above

52. State True or False: log, 10+ log, 125=1

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(a) Not possible

(b) True
(c) May be true
(d) None of the above

53. State True or False: log, 32=2.15 when log 2=0.30103.

(a) False
(b) True
(c) LHS > RHS
(d) LHS < RHS

54. Find the value of the logarithm of 2 number (b) for 3 consecutive
numbers (a, b, c).
(a) log(1+ac)
(b) x2x log(1+ac)
(c) x log(1+ac)
(d) 2x log(1+ac)

55. If log, 32=10, then which of the following is the value of y?

(a)4
(b) 2
(c) √4
(d) √2

56. Find the base when 3 is the logarithm of 729.

(a) 7
(b) 11
(c) 9
(d) 3

57. If log(7y5)= 2, find the value of y.

(a) 15
(b) 10
(c) 08
(d) 07

58. For any series of positive numbers which are in G. P., their logarithms
would be in
(a) G. P.
(b) A. P.

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 28

(c) H. P.
(d) None of the Above

59. Solve: log (92)=2

(a)
(b)102
(c)
(d) 2

60. Find the logarithm of 125 to the base 5√5

(a) 6
(b) 4
(c) 3
(d) 2

61. Compute 121 (81x4!)

(a) 3960
(b). 495
(c). 99
(d). 440

62. Find the value of v, if (v1)! x 20 (v+1)!

(a)0
(b) 2
(c) 4 05

63. Determine the number of ways in which a digit and a vowel can be
selected from 10 digits and 26 letters of Alphabet?
(a) 50
(b) 210
(c) 105
(d) None of the Above

64. Find the LCM of (121, 141, 13!)

(a) 11!
(b) 15!
(c) 12!
(d) 14!

65. When 9 local trains are running between Haldia and Burdwan. In how

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many ways can a passenger travel from Burdwan to Haldia and return by a
different train?
(a) 72 ways.
(6) 70 ways.
(c) 64 ways.
(d) 60 ways.

66. If PP, 1:3, find the value of n.

(a) 3
(b) 4
(c) 7
(d) 9

67. Find the value of 36! 35! 35!

(a) 35/18!
(b) 1/18!
(c) 2/361
(d) 70/36!

68. Find the number of permutations for 15 scooters if 3 scooters are to be

considered at a time.
(a) 2730
(b) 2370
(c) 2184
(d) 2814

69. Find the value of 10!9!

(a) 8!
(b) 80
(c) 10
(d) 9

70. How many ways can 5 drivers refill their tanks from 5 refills, assuming
no refills in the fuel station remain unused?
(a) 24 ways.
(b) 120 ways.
(c) 5 ways.
(d) 60 ways.

71. In how many ways 8 cardholders stand in a queue at fair price shop?

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(a) 40320 ways

(b) 40230 ways
(c) 20430 ways
(d) 20340 ways

72. Find the number of permutations for 11 bikes if 5 bikes are to be taken
at a time.
(a) 54540
(b) 55440
(c) 44550
(d) 45450

73. Find the value of 312

(a) 0
(b) 1/7!
(c) 1/7!
(d) None of the above

74. If P: "P, 4:1, find the value of n.

(a) 12
(b) 10
(c) 11
(d) 13

75. Find the value of a, if (a2)! × 24=(a+1)!

(a)0
(b) 2
(c) 4
(d) 3

76. What would be the factorial notation for: 11x10x9x8x7

(a) 11/6!
(b) 11!/5!
(c) 10!/6!
(d) 10!/5!

77. How many ways can 8 people get vaccinated from 8 vaccinators,
assuming no vaccinator is idle?
(a) 40320 ways.
(b) 5040 ways.

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(c) 5760 ways.

(d) 35280 ways.

78. In how many different ways can 4 different cars, one of each of the 4
manufacturers, be parked in a parking lane?
(a) 20 ways
(b) 22 ways
(c) 24 ways
(d) 26 ways

79. Find the value of

13!
12!
12!
(a) 49/13!
(b) 30/13!
(c) 25/12!
(d) 50/12!

80. In how many ways 6 customers stand in a queue for depositing cash in
bank?
(a) 680 ways
(b) 480 ways
(c) 600 ways
(d) 720 ways

81. Examine the nature of the roots for the following equation 16x224x+9=0
(a) Real and unequal
(b) Real, Irrational and Equal
(c) Real, Rational and Equal
(d) Unreal and Imaginary

82. For what value of c, would the product of roots be zero?

(a) a 1, b1, c1
(b) a 1,b0, c1
(c) a 1, b1, c0
(d) a1,b2, c2

83. Form the equation whose roots are 9, 4

(a) x+5x36=0

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 32

(b) x5x36=0
(c) x 58+360
(d) x2+5x+36=0
84. Form quadratic equation with roots as at,a+t
(a) x22ax+a20
(b) x2+2ax+a22=0
(c) x2axa2+1=0
(d) x2+2axa2+12=0

Solve Q85Q90 using the following information

When a and ẞ are the roots of 5x7x+9=0 then find the values of:
85. 1/B + 1/a
(a) 7/9
(b) 7/9
(c) 9/7
(d) 9/7

86. B2+a2
(a) 41/25
(b) 41/25
(c) 139/25
(d) 139/25

87. Sum of the Roots

(a)9/5
(b) 5/9
(c) 7/5
(d) 7/5

88. Product of the Roots

(a) 7/5
(b) 7/5
(c) 9/5
(d) 9/5

89. a/B+B/a
(a) 369/5
(b) 41/45
(c) 369/5
(d) 41/45

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90. a+B+4
(a) 27/5
(b) 29/5
(c) 28/5
(d) 24/5

91. Ifb4ac > 0, is a perfect square, the nature of roots would be

(a) Real and Equal
(b) Imaginary
(c) Unreal
(d) Real and Unequal

92. For what values of a and b, the product of roots would be equal to c?
(a) ac b
(b) a bc
(c) a1
(d) a≤0

93. Choose the correct form (From the alternatives given below) in which
quadratic equation is generally
written
(a) ax+bx+c=0
(b) x+axb=0
(c) axbx+c=0
(d) x2bx+c=0

94. Choose the correct condition for any equation to be Quadratic

equation
(a) 5 constants and all constants > 0.
(b) 5 constants and all constants < 0.
(c) 3 constants and a > 0.
(d) 3 constants and a 0.

95. Which one of the following is Discriminant of a quadratic equation?

(a) b+b24ac
(b) bb4ac
(c) b24ac
(d) √b2+4ac

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96. When are nature of roots real rather than imaginary?

(a) If Discriminant is negative
(b) If Discriminant is less than zero
(c) If Discriminant is not a perfect square
(d) If Discriminant is more than or equal to zero

97. For what values of a and c, value of sum of the roots would be equal to
b.
(a) a=1,c=n
(b) a=le=n
(c) a=n,c=1
(d) a=n,c=1

98. For any sum of roots of quadratic equation, "b' represents

(a) Coefficient of x
(b) Constant term
(c) Coefficient of
(d) All of the above

99. Find the square of the difference of the roots of 115+5(x212x)=0

(a) 24
(b) 48
(c) 26
(d) 52

100. For any sum of roots of quadratic equation, "a'represents

(a) Coefficient of x
(b) Coefficient of x
(c) Constant term
(d) None of the above

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Solutions –

1. (a) 33 (Because total number of

people = 60, and subtracting 9.(b) 11 (This is also directly
those who liked multiple products given.)
leaves us with 33 people who liked
only one product.) 10. (d) 33 (Considering overlaps
between Coke and Thums Up.)
2. (d) 27 (Given directly in the
question.) 11.(a) Set (AB){Q, W, T, Y}

3. (b) 13 (Total people surveyed = 12. (c) {E, W, N, M, I}

60. Using a Venn diagram
approach and given values for 13.(d) Set B' = {Q, T, Y, U, I, P}
overlaps and totals, we find that
13 people did not like any 14. (c) Set (A U B) = {1, 2, 3, 4, 5, 6,
products.) 7, 8, 9}

4. (b) 36 (Union of Fanta and 15. (a) {} (There are no common

Thums Up, considering overlaps.) elements between these sets.)

5. (b) 53 (Using inclusionexclusion 16. (a) A (B U C) = {W, R}

for Fanta, Coke, and Thums Up.)
17. (b) Set (BA) = {B, G, O, K}
6. (b) Not available as product
(None of them) (Mazaa is not 18. (a) A U (BNC) = {8, 11, 14, 15,
mentioned.) 17}

7. (a) 18 (Those who liked two 19. (c) Rectangle

products can be calculated based
on given overlaps between 20.(a) B' U C'
products.)
21. (b) 531441
8.(a) 11 (Given directly in the
question.) 22. (a) 2.85

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

 36

42. (d) \( \log_4 64 = 3 \)

23. (a) q 43. (c) 1008

24. (b) 59049 x 9 44. (d) 2

25. (b) 1/11 45. (d) 243

26. (c) 319 46. (d) 4

27. (d) 216 47. (b) To

28. (d) a² 48. (b) G.P.

29. (c) 16807 49. (a) 2

30. (c) Both 'a' and 'b' 50. (b) 125

31. (b) 35 51. (b) False

32. (b) 1.5625 52. (a) Not possible

33. (a) 1/(2ab) 53. (b) True

34. (d) None of the above (Correct 54. (a) \( \log(1 + ac) \)
answer: 4)
55. (b) 2
35. (b) 1
56. (d) 3
36. (c) H.P.
57. (a) 15
37. (b) 1
58. (b) A.P.
38. (a) \( 3^{1} \)
59. (b) 102
39. (b) 6
60. (c) 3
40. (c) \( 19^0 \) or 1
61. (a) 3960
41. (a) \( 9^0 = 1 \)
62. (b) 2

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

 37

82. (c) a = 1, b = 1, c = 0
63. (c) 105
83. (b) x 5x 36 = 0
64. (d) 14!

65. (a) 72 ways

84. (a) x^2 2ax + a^2 t^2 = 0
66. (a) 3 85. (b) 7/9

67. (b) 1/18! 86. (c) 139/25

68. (a) 2730 87. (d) 7/5

69. (c) 10 88. (d) 9/5

89.(a) 369/5
70. (b) 120 ways
90. (c) 28/5
71. (a) 40320 ways
91. (a) Real and Equal
72. (b) 55440
92. (a) a = c, b = 0
73. (d) None of the above
93. (a) ax^2 + bx + c = 0
74. (b) 10
94. (c) 3 constants and \( a > 0 \)
75. (c) 4
95. (c) b^2 4ac
76. (b) 11!/5!
96. (d) If Discriminant is more than
77. (a) 40320 ways or equal to zero
78. (c) 24 ways 97. (a) a = 1, c = n
79. (c) 25/12! 98. (a) Coefficient of x
80. (d) 720 ways 99. (b) 48
81. (c) Real, Rational, and Equal 100. (b) Coefficient of \( x^2 \)

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

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Module 3: Calculus Application in Business

1. What is the derivative of the function f(x) = 𝟓𝒙𝟑 - 3x + 4 ?

A) 𝟏𝟓𝒙𝟐 - 3
B) 𝟏𝟎𝒙𝟑 - 3
C) 𝟏𝟓𝒙𝟑 - 3x
D) 𝟓𝒙𝟐 - 3x
Answer: A)

2. The marginal cost function is defined as the derivative of which of

the following?
A) Total Cost
B) Average Cost
C) Total Revenue
D) Profit
Answer: A) Total Cost

{𝒅𝒚}
3. If y = 𝒆𝑿 , what is ?
{𝐝𝐱}
A) 𝒆𝑿−𝟏
B) 𝒆𝑿
C) 𝒙. 𝒆𝑿
D) 𝒆𝟐𝑿
Answer: B)

4. In business, the concept of marginal revenue refers to the:

A) Additional cost incurred
B) Change in revenue from selling an additional unit
C) Change in profit
D) Increase in total production
Answer: B) Change in revenue from selling an additional unit

5. Which of the following is a technique used to find the maximum and

minimum points of a function?
A) Integration
B) Differentiation
C) Summation

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

 39

D) Substitution
Answer: B) Differentiation

6. The second derivative of a function helps in determining:

A) Average rate of change
B) Concavity of the function
C) Linear growth
D) Slope of the tangent
Answer: B) Concavity of the function

7. The rate of change of a function at a particular point is known as:

A) Average rate of change
B) Integral
C) Instantaneous rate of change
D) Total revenue
Answer: C) Instantaneous rate of change

8. The integral of f(x) = 2x from 1 to 3 is:

A) 4
B) 6
C) 8
D) 12
Answer: B) 6

9. In economics, which concept does differentiation help to analyze?

A) Supply curve shifts
B) Elasticity
C) Surplus and deficit
D) Expenditure changes
Answer: B) Elasticity

10. The derivative of ln(x) is:

A) 𝒙𝟐
𝟏
B)
𝑿
C) 𝑰𝑵𝑪𝒙𝟐
D) x ln(x)
Answer: B)

11. The profit function is calculated as:

A) Total Revenue + Total Cost

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 40

B) Total Revenue Total Cost

C) Marginal Cost + Marginal Revenue
D) Marginal Profit × Quantity
Answer: B) Total Revenue Total Cost

12. The area under a curve from a to b can be calculated using:

A) Derivative
B) Definite integral
C) Slope formula
D) Tangent formula
Answer: B) Definite integral

13. To find the rate of change of cost concerning quantity, which

calculation is used?
A) Integration
B) Differentiation
C) Substitution
D) Summation
Answer: B) Differentiation

15. When a function is at its maximum, the slope of the tangent is:
A) Positive
B) Negative
C) Zero
D) Infinity
Answer: C) Zero

16. In a cost function, the minimum cost is typically found by setting:

A) First derivative equal to zero
B) Second derivative equal to zero
C) Total revenue equal to zero
D) Average cost equal to zero
Answer: A) First derivative equal to zero

17. The marginal cost is derived from which function?

A) Profit
B) Revenue
C) Total Cost
D) Demand
Answer: C) Total Cost

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

 41

𝒅
18. If f(x) = 𝒙𝟒 then frac f(x) is:
𝒅𝒙
A) 4x
B) 𝟒𝒙𝟑
C) 𝒙𝟑
D) 𝟒𝒙𝟒
Answer: B)

19. In marginal analysis, if MR > MC, a firm should:

A) Decrease production
B) Increase production
C) Keep production constant
D) Halt production
Answer: B) Increase production

20. The process of finding an integral is also known as:

A) Differentiation
B) Integration
C) Summation
D) Estimation
Answer: B) Integration

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Module 4: Statistical Representation of Data

1. The word 'Statistics" has been derived from the Latin word 'Status' which
means
(a) A numerical state
(b) A mathematical state
(c) A neutral state
(d) A political state

2. Which one of the following has synonymous words?

(a) Status, Staistik, Statista
(b) Staistik, Statista, Stats
(c) Statistic, Statistia, Stats
(d) Statistic, Statistia, Status

3. Statistics is a tool in the hands of mankind

(a) To translate complex facts into simple and understandable statements
of facts
(b) To translate statistical information into mathematical statements of
facts
(c) To translate business information into simple and understandable
statements of facts
(d) To translate complex facts into presentable forms through tables and
diagrams

4. The word statistics in plural form means

(a) The science of statistics that collect data in a systematic manner with
some definite aim or object towards further analysis in graphical way
(b) The numerical data collected in a systematic manner with some
definite aim or object in view such as the number of persons unemployed
in a country.
(c) The numerical data collected in a systematic manner for analysing the
state of affairs with the help of mathematical applications
(d) The science of statistics that deals with the principles, devices or
statistical methods of collecting, analyzing and interpreting numerical data

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5. The word statistics in singular form means

(a) The science of statistics that collect data in a systematic manner with
some definite aim or object towards further analysis in graphical way
(b) The numerical data collected in a systematic manner with some
definite aim or object in view such as the number of persons unemployed
in a country.
(c) The numerical data collected in a systematic manner for analysing the
state of affairs with the help of mathematical applications
(d) The science of statistics that deals with the principles, devices or
statistical methods of collecting, analyzing and interpreting numerical data

6. Which one of the following is not a characteristic of Plural form of

Statistics?
(a) Statistics should be collected for a predetermined purpose
(b) Statistics should be enumerated or estimated
(c) Statistics are always graphically expressed
(d) Statistics are affected by a large number of causes

7. Statistics in singular sense has

(a) 5 stages
(b) 6 stages
(c) 2 stages
(d) 4 stages

8. Measurement of skewness is
(a) Analysis of data
(b) Presentation of data
(c) Organisation of data
(d) Interpretation of data

9. Find the odd man out from the following

(a) Regression
(b) Kurtosis
(c) Sampling
(d) Central Tendency

10. Raw data is

(a) Information which can be interpreted to take decision
(b) Information which can't be put to use directly
(c) Information which is not amenable to conversion

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(d) Information which are useless

11. There are four person named A, B, C, & D. A is a sales person whereas
B, C, D are students. A collected sales figures for his region and B, C, D
used these data in order to study sales pattern. Which one of the following
is correct?
(a) Buses secondary data
(b) A & B both are using primary data
(c) A, B, C, D all are using secondary data
(d) B, C, D are using primary data

12. Which one of the following is a method of collecting primary data?

(a) Information collected through newspapers and periodicals
(b) Information obtained from the publications of trade associations
(c) Information collected by Government through Census
(d) Information gathered from research paper published in research journal

13. Classification of data is

(a) The process of arranging things in groups or classes according to their
common frequencies
(b) The process of arranging things in groups or classes according to their
common characteristics and affinities
(c) The process of arranging things in groups or classes according to their
common differences and tally marks
(d) The process of arranging things in groups or classes according to their
common deviations from respective mean

14. In Statistics classification

(a) Separates data into different unrelated parts
(b) Separates data into different dispersed groups
(c) Separates data into different but related parts
(d) Separates data into different modal groups

15. Which one of the following is a characteristic of a good classification?

(a) Classification should be heterogeneous
(b) Classified groups must have overlapping data
(c) Classification should be stable
(d) Classification should be inclusive

16. When the basis of classification is according to differences in time it is

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called
(a) Temporal Classification
(b) Quantitative Classification
(c) Spatial Classification
(d) Qualitative Classification

17. Dichotomous Classification is

(a) When data is classified according to presence or absence of two
attributes
(b) When data is classified into two groups containing all the attributes
(c) When data is classified according to presence of two attributes
(d) When data is classified into two groups according to presence or
absence of one attribute

18. Tabulation Condenses classified data so that

(a) Data may be more easily understood
(b) Data may be easily presented textually
(c) Data may be more easily synchronized
(d) More comprehensive secondary result could be obtained

19. Tabulation is preferred to textual presentation because

(a) Tabulation never compares between rows and columns
(b) Tabulation is a must for diagrammatic representation
(c) Tabulation does not require complex statistical analysis
(d) Tabulation always get constructed with simple data
20. With respect to accuracy
(a) Diagrammatic presentation is preferable to Tabular presentation
(b) Textual presentation is preferable to diagrammatic presentation
(c) Tabular presentation is preferable to Diagrammatic presentation
(d) Textual presentation is preferable to Tabular presentation

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Solution

1. (d) A political state

2. (a) Status, Staistik, Statista

3. (a) To translate complex facts into simple and understandable

statements of facts

4. (b) The numerical data collected in a systematic manner with some

definite aim or object in view such as the number of persons unemployed in
a country.

5. (d) The science of statistics that deals with the principles, devices
or statistical methods of collecting, analyzing and interpreting numerical
data

6. (c) Statistics are always graphically expressed

7. (d) 4 stages

8. (a) Analysis of data

9. (c) Sampling

10. (b) Information which can't be put to use directly

11. (a) Buses secondary data

12. (c) Information collected by Government through Census

13. (b) The process of arranging things in groups or classes according

to their common characteristics and affinities

14. (c) Separates data into different but related parts

15. (c) Classification should be stable

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16. (a) Temporal Classification

17. (d) When data is classified into two groups according to presence
or absence of one attribute

18. (a) Data may be more easily understood

19. (b) Tabulation is a must for diagrammatic representation

20. (c) Tabular presentation is preferable to Diagrammatic

presentation

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Module 5: Measures of Central Tendency and Dispersion

1. Which one of the following is a Positional Average?

(a) Geometric Mean;
(b) Harmonic Mean;
(c) Mode;
(d) Progressive Average;

2. Because of heavy rain on Sunday average rainfall of a city for the week
increased to 0.6 inch from the average rainfall 0.3 inch measured from
Monday to Saturday. The rainfall on Sunday was
(a) 2.4 inch;
(b) 0.3 inch;
(c) 2.1 inch;
(d) 1.5 inch

3. The mean of the frequency distribution ((x,,S)(2/2)(XS)....is

(a)
(b)
(c)
(d)

4. x=54120; While computing this, it was observed that two entries were
wrongly entered as 850 and 320 instead of 580 and 230. Correct value of I
is
(a) 2688;
(b) 2746.5;
(c) 2720;
(d) 2662;

5. 2(X) is always equal to

(a) 1;
(b) 1;
(c) 0;

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(d) ∞;

6. The sum of the squares of deviations of a set of observations is the

minimum when deviations are taken from the
(a)Geometric Mean;
(b) Harmonic Mean;
(c) Arithmetic Mean;
(d) Mode;

7. If each of the values of a variable x with mean 7, is multiplied by K then

the new mean of the variable is
(a)
(b) k
(c) ;
(d) kx;

8. Assumed mean is 35, 2fd=425& Ef=63. Fis

(a) 20:
(b) 25.87;
(c) 28.25;
(d)19.34;

9. If A500, 1000 & d'232 & 2f120 Fis

(a) 2433.33;
(b) 527.84;
(c) 501.93;
(d) 1017.24;

10. The mean daily salary paid to all employees in a certain company was
600. The mean daily salaries paid to the male and female employees were
620 and 520 respectively. Male to female employees ratio in the company
is
(a) 3:2:
(b) 4:5;
(c) 5:7;
(d) 4:1;

13. The sum of the deviations of a certain number of observations

measured from 4 is 72 and the sum of the deviations of the observations
from 7 is 3. Mean of the observations is

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(a) 6.88;
(b) 25;
(c) 3.63;
(d) Cannot be ascertained with given data;

14. The mean of a certain number of items is 42. If one more item 64 is
added to the data, the mean becomes 44. The no of items in the original
data is
(a) 20;
(b) 10;
(c) 43;
(d) 440;

15. The weighted average from the following observation is ₹46.23.

Price per tonne ()
Tonnes Purchased
45.60 135
Simple average of the observation is
(a) 746.23:
(b) 746.26;
(c) 766.63:
(d)50.70 40
(d) 46.24;

16. In a certain factory a unit of work is completed by A in 4 minutes, by B in

5 minutes, by C in 6 minutes, by D in 10 minutes, and by E in 12 minutes.
Average number of units of work completed per minute is
(a) 25/4;
(b) 5/48;
(c) 4/25;
(d) 25/48;

17. A person walks 8 km at 4km an hour, 6km at 3km an hour and 4km at
2km an hour. Average speed per hour is
(a) 0.33;
(b) 2;
(c) 3;
(d) 0.5;

18. It is the most suitable average when it is desired to give greater weight

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to smaller observations and less weight to larger ones. It is

(a) AM;
(b) HM;
(c) GM;
(d) Median;

19. Which one of the following is not a feature of Arithmetic Mean (AM)?
(a) AM is affected very much by extreme values;
(b) AM is widely used in the study of qualitative phenomenon;
(c) AM provides a good basis for comparison;
(d) AM is rigidly defined so different interpretation by different people are
not possible;

20. Which one of the following is a feature of Harmonic Mean (HM)?

(a) GM is affected much by the presence of externally small or large
observations;
(b) GM gives the actual value of the series;
(c) GM is useful when a given phenomenon has a limit for lower value;
(d) GM is imaginary if any of the observations is zero;

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Solution

1. (c) Mode

2. (c) 2.1 inch

3. *(Answer not provided as the options are incomplete)*

4. (c) 2720

5. *(Answer not provided as the options are unclear)*

6. (c) Arithmetic Mean

7. (b) k

8. (b) 25.87

9. (a) 2433.33

10. (a) 3:2

11. *(Answer not provided as question 11 is missing)*

12. *(Answer not provided as question 12 is missing)*

13. (a) 6.88

14. (a) 20

15. (d) 46.24

16. (d) 25/48

17. (c) 3

18. (b) HM

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19. (b) AM is widely used in the study of qualitative phenomenon

20. (c) GM is useful when a given phenomenon has a limit for lower value

Module 6: Correlation and Regression

1. If by and by are regression coefficients of series X on series Y and

regression coefficients of series Y on series X respectively then which one
of the following is correct?
(a) by xbr, where r is the correlation coefficient
(b) by xbx = r2, where r is the correlation coefficient
(c) by xbr, where r is the correlation coefficient
(d) by xb=1/r, where r is the correlation coefficient

2. If by and by are regression coefficients of series X on series Y and

regression coefficients of series Y on series X respectively then which one
of the following is correct?
(a) b, and by will be either both positive or both negative
(b) b, will be positive and by will be negative
(c) by will be negative and by will be positive
(d) Nothing can be said like this, it depends on X & Y values

5. Which one of the following is correct?

(a) Regression equation predicts maximum probable values of one variable
for specified values of other variable
(b) Regression equation predicts most likely values of one variable for
specified values of other variable
(c) Regression equation predicts maximin values of one variable for
specified values of other variable
(d) Regression equation predicts minimum probable values of one variable
for specified values of other variable

6. Ifr0.52, 0, 4.6 & a, 36.8 then by, is equal to

(a) 0.24
(b) 4.16
(c) +1
(d) 0.065

7. If b&b are regression coefficients between X on Y and Y on X respectively

and r is the correlation coefficient between X and Y then

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(a) but bast 2 by+b

(b) bas 2 by+bazr
(d) but buzpi
(c) 2

8. Ifb & b, are regression coefficients between X on Y and Y on X

respectively then
(a) √bxb ≤1
(b) √bay xbx 21
(c) √=1
(d) √xb ≤1

9. In a regression equation
(a) Regression coefficient represents the increment in the value of the
independent variable for a unit change in the value of the dependent
variable
(b) Regression coefficient represents the increment in the value of the
dependent variable for a unit change in the value of the independent
variable
(c) Regression coefficient represents the mean value of the independent
variable for a unit change in the value of the dependent variable
(d) Regression coefficient represents the mean value of the dependent
variable for a unit change in the value of the independent variable

10. If 0.3 & b1.5 then by is equal to

(a) +1
(b) 0.2
(c) 1
(d) 0.45

11. In a bivariate regression analysis EXY1355.25, (EX) (EY) 6396, EX°

591.50 & EX52. If there are 5 items then b
(a) 1
(b) 0.97
(c) 0.667
(d) 1.5

12. X1.36Y5.2 & Y=0.61.X+1.51 are two regression equations. Correlation

coefficient between X & Y is
(a) 0.67

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(b) 0.911
(c) 0.911
(d) 0.67

13. In a bivariate regression analysis comprising of series X & Y, if 2 (XX)(7)

then
(a) byby
(b) b>b
(c) by <b
(d)Correlation coefficient 1

15. In a bivariate regression analysis the difference between actual value of

dependent variable and the predicted value of the dependent variable is
called
(a) Outlier
(b) Slope
(c) Residual
(d) Scattered point

16. Consider the following results:

N=12, Edx=0, Edy4, Edr21344, Edy2215, Edxdy=4360
Appropriate regression coefficient is
(a) 0.821
(b) 1
(c) 5.67
(d) 3.244

18. Consider the following results:

N6, Ly42, 2y318,b,2x(x)34 Then bis
(a) 11/34
(b) 11/24
(c) 34/11
(d) 11/24

19. In a bivariate analysis if two regression equations are mxy+ 100 &
2x+5y=14. If coefficient of correlation between x &y is ,then value of mis
√10
(a) 10

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(b) 5/2
(c) 4
(d) 1

20. In a bivariate analysis if two regression equations are 8x10y+660 &

40x18y2140. Then F, y, the mean of the series x & y care respectively
(a) 13, 17
(b) 17,17
(c) 5/4, 20/9.
(d) 8, 18

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Solution

1. (b)

2. (a)

5. (b) Regression equation predicts most likely values of one variable for
specified values of the other variable.

6. (b) 4.16.

8. (a)

9. (b) Regression coefficient represents the increment in the value of the

dependent variable for a unit change in the value of the independent
variable.

10. (d) 0.45.

11. (c) 0.667.

12. (b) 0.911.

15. (c) Residual.

16. (a) 0.821.

18. (a)

19. (b)

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Module 7: Probability

1. Probability theory is often referred to as

(a) Science of prediction
(b) Science of uncertainty
(c) Science of chance
(d) Science of decision making

2. In general probability is
(a) A numerical value between 0 and 1, exclusive, describing the absolute
possibility an event will occur
(b) A numerical value between 0 and 1, inclusive, describing the absolute
possibility an event will occur
(c) A numerical value between 0 and 1, exclusive, describing the relative
possibility an event will occur
(d) A numerical value between 0 and 1, inclusive, describing the relative
possibility an event will occur

3. The probability of two events A and B are 0.05 and 0.95 respectively. We
can infer that
(a) Event A is more probable to happen
(b) Event B is more improbable to happen
(c) Event B is more probable to happen
(d) Event A & B are sure to happen

4."Sun will disappear from blue sky today forever". With our available
information & belief which one of the following value is most appropriate
as probability to this event?
(a) 0.2
(b) 0.8
(c) 1
(d) 0

5. For an event Odds in favour are "five to two" This means that
(a) In a total of seven trials the event will occur five times
(b) In a total of seven trials the event will occur two times
(c) In a total of five trials the event will occur two times

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(d) In a total of seven trials the event will not occur five times

6. Classical probability is based on the assumption that

(a) The outcomes of an experiment are already known
(b) The probability of an outcome of an experiment is always 0.5
(c) The probability of all outcomes in an experiment is always 1
(d) The outcomes of an experiment are equally likely

7. If an experiment has a set of events that includes every possible

outcomes, then the set is called
(a) Mutually Exclusive set
(b) Mutually Exhaustive set
(c) Collectively Exhaustive set
(d) Exhaustive & Exclusive set

9. Addition rule for mutually exclusive events A & B is

(a) P(A or B) = P(A)+P(B)
(b) P(A or B) = P(A+B)
(c) P(A or B) = P(A) + P(B)−P(AB)
(d) P(A or B) = P(A+BAB)

10. If two unbiased coins are tossed once, the probability of getting both
the heads is
(a) 0.25
(b) 0.50
(c) 0.75
(d) 1

11. The probability that a leap year selected at random contain 53 Sundays
is
(a) 0.143
(b) 1
(c) 0.286
(d) 0.48

12. A lot contains 10 items of which 3 are defective. Three items are
chosen from the lot at random one after another without replacement. The
probability that all the three are defective is
(a) 0.008

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(b) 0.992
(c) 0.067
(d) 0.05

13. If P(A)=0.3,P(B)=0.2 and P(C)=0.1, then assuming A,B and C are

independent events, the probability of occurrence of at least one of the
three events is
(a) 0.7
(b) 0.8
(c) 0.006
(d) 0.496

14. In IPL Kolkata Knight Riders plays 70% of their games at night (8 O'clock
slot) and 30% during the day (40 clock slot). The team wins 50% of their
night games and 90% of their day games. According to today's newspaper
they own yesterday. The probability that the game was played at night is
(a) 0.4667
(b) 0.5645
(c) 0.35
(d) 0.5

15. When two events happen simultaneously which of the following is true?
(a) The outcome of the first event always have an effect on the outcome of
the second event
(b) The outcome of the first event may or may not have an effect on the
outcome of the second event
(c) The outcome of the first event does not not have any effect on the
outcome of the second event
(d) The outcome of the first event have always a 50% effect on the outcome
of the second event

16. A survey by Air travelers' association revealed that 60% of its member
made airline reservations last year.
Two members are selected at random. The probability that both the
members made airline reservations last year is
(a) 0.60
(b) 0.40
(c) 0.36
(d) 0.16

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17. If an unbiased coin is tossed once, then the two events head and tall
are
(a) Mutually exclusive
(b) Exhaustive
(c) Equally likely
(d) All these

18. Sum of probability of an event A and its complement is

(a) 1
(b) 0
(c)+ (P)

19. If p: q are the odds in favour of an event, then the probability of that
event is
(a) p/q
(b) p/(p+q)
(c) q/(p+q)
(d) None of these

20. A bag contains 30 balls numbered from 1 to 30. One ball is drawn at
random. The probability that the number of the drawn ball will be multiple
of 3 or 7 is
(a) 7/15
(b) 13/30
(c) 1/2
(d) None of these

21. Three coins are tossed together. The probability of getting exactly two
heads is
(a) 5/8
(b) 3/8
(c) 1/8
(d) None

22. Two dice are thrown together. The probability of the event that the sum
of numbers shown is greater than 5 is
(a) 13/18
(b) 15/18
(c) 1
(d) None

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23. Probability of throwing an even number with an ordinary six faced die is
(a) 1/2
(b) 1
(c) 0
(d) 1/2

24. 4 coins are tossed. The probability that there are 2 heads is
(a) 1/2
(b) 3/8
(c) 1/8
(d) None of these

25. A bag contains 10 red and 10 green balls. A ball is drawn from it. The
probability that it will be green is
(a) 1/10
(b) 1/3
(c) 1/2
(d) None of these

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Solution

1. (b) Science of uncertainty

2. (d) A numerical value between 0 and 1, inclusive, describing the

relative possibility an event will occur

3. (c) Event B is more probable to happen

4. (d) 0

5. (a) In a total of seven trials the event will occur five times

6. (d) The outcomes of an experiment are equally likely

7. (c) Collectively Exhaustive set

9. (a)

10. (a) 0.25

11. (c) 0.286

12. (a) 0.008

13. (b) 0.8

14. (a) 0.4667

15. (b) The outcome of the first event may or may not have an effect on
the outcome of the second event

16. (c) 0.36

17. (d) All these

18. (a) 1

19. (b)

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20. (a)

21. (b)

22. (a)

23. (a)

24. (b)

25. (c)

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Module 8: Index Numbers and Time Series

1. What is an Index Number?

A) A method for averaging
B) A measure showing relative changes in quantity, price, or value
C) A statistical series
Answer: B

2. Index numbers are generally expressed in terms of:

A) Percentages
B) Ratios
C) Fractions
Answer: A

3. Which index measures the average change in prices over time?

A) Quantity index
B) Value index
C) Price index
Answer: C

4. The base year in an index number is:

A) The current year
B) The previous year
C) The reference point for comparison
Answer: C

5. What is the Laspeyres Index?

A) Baseweighted index
B) Currentweighted index
C) Neither
Answer: A

6. The Paasche Index uses which weights?

A) Base year
B) Current year

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C) Both years
Answer: B

7. Which method uses the geometric mean for calculating index numbers?
A) Fisher’s Ideal Index
B) Laspeyres Index
C) Paasche Index
Answer: A

8. The formula for Fisher’s Ideal Index is:

A) \( \sqrt{L \times P} \)
B) \( L + P \)
C) \( L P \)
Answer: A

9. Which index is considered an “ideal” index?

A) Laspeyres Index
B) Paasche Index
C) Fisher’s Ideal Index
Answer: C

10. Which method is often used for constructing index numbers in

economic studies?
A) Laspeyres method
B) Simple average method
C) Time series method
Answer: A

11. In time series analysis, which component reflects seasonal patterns?

A) Trend
B) Cyclical
C) Seasonal
Answer: C

12. The moving average method is used to smooth which component in

time series?
A) Cyclical
B) Trend
C) Irregular
Answer: B

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13. In time series, the trend component is:

A) Longterm
B) Shortterm
C) Periodic
Answer: A

14. Seasonal variations are:

A) Longterm fluctuations
B) Monthly/Quarterly fluctuations
C) Random variations
Answer: B

15. Which type of index is the Consumer Price Index (CPI)?

A) Wholesale index
B) Price index
C) Value index
Answer: B

16. Index numbers are commonly used in:

A) Banking
B) Real estate
C) Economic analysis
Answer: C

17. The wholesale price index measures:

A) Consumer goods prices
B) Wholesale goods prices
C) Services prices
Answer: B

18. Chain Base Index Number is used when:

A) There’s a stable base year
B) Base year changes periodically
C) Both years remain constant
Answer: B

19. What does the term ‘link relative’ refer to in chain index numbers?
A) A series of cumulative values
B) A series of linked percentages

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

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C) Neither
Answer: B

20. In time series, cyclical variations usually last:

A) Less than a year
B) Over several years
C) Exactly one year
Answer: B

21. The simplest form of index number calculation is:

A) Weighted index
B) Unweighted index
C) Chain index
Answer: B

22. Which index number formula is also called a current year weighted
index?
A) Paasche
B) Laspeyres
C) Fisher
Answer: A

23. The difference between the highest and lowest values in a time series is
called:
A) Range
B) Variation
C) Average
Answer: A

24. In a composite index number, different items are combined by using:

A) Simple average
B) Weighted average
C) Geometric average
Answer: B

25. Which term describes fluctuations in a time series caused by

unforeseen events?
A) Seasonal
B) Cyclical
C) Irregular

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ

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Answer: C

26. If the CPI of a base year is 100, what does a CPI of 150 in the current
year indicate?
A) No change
B) 50% increase
C) 150% increase
Answer: B

27. Which index is often used as a deflator to adjust nominal values?

A) Consumer Price Index
B) Quantity Index
C) Fisher Index
Answer: A

28. Which type of variation in time series data is often predictable?

A) Cyclical
B) Seasonal
C) Irregular
Answer: B

29. Base shifting in index numbers is done to:

A) Eliminate random variations
B) Update the base year
C) Calculate chain index
Answer: B

30. Which method is best when a time series shows a longterm upward
trend?
A) Moving average
B) Chain base index
C) Laspeyres index
Answer: A

UNIQUE AMBITIOUS COMMERCE ACADEMY || CMA FOUNDATION MATHS MCQ