Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Fundamentals of Business MathematicsTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. What is the simple interest on a sum of ₹ 10,000 at 5% per annum for 3 years? ₹ 1,500 ₹ 2,500 ₹ ₹ 1,000 ₹ 1,200 None 2. If the compound interest on ₹ 5,000 at 8% per annum for 2 years is ₹ 832, what is the principal amount? ₹ 4,500 ₹ 4,000 ₹ 5,500 ₹ 5,000 None 3. The present value of ₹ 2,000 due in 3 years at 10% interest compounded annually is: ₹ 1,500 ₹ 1,502 ₹ 1,662 ₹ 1,800 None 4. The sum of ₹ 2,000 is invested at 12% compound interest for 3 years. What will be the amount at the end of 3 years? ₹ 2,300 ₹ 2,530 ₹ 2,440 ₹ 2,724 None 5. A loan of ₹ 20,000 is repaid in 5 equal annual installments. If the rate of interest is 5%, the amount of each installment is: ₹ 4,000 ₹ 4,500 ₹ 5,000 ₹ 5,200 None 6. If the cost price of an article is ₹ 400 and the selling price is ₹ 500, the profit percentage is: 25% 30% 20% 15% None 7. A company sells a product for ₹ 2,500. The cost price is ₹ 2,000. What is the profit percentage? 30% 20% 25% 10% None 8. he number of years required to double the principal at 6% simple interest is: 16 years 18 years 12 years 10 years None 9. The future value of an annuity with a monthly deposit of ₹ 1,000 at 5% annual interest for 2 years is: ₹ 25,000 ₹ 24,500 ₹ 26,000 ₹ 22,500 None 10. The annuity due is the sum of periodic payments, which is paid: At the beginning of each period At the end of each period At the start of the investment After the end of the investment None 11. What is the value of 1,000 shares if the market price per share is ₹ 50? ₹ 500,000 ₹ 100,000 ₹ 200,000 ₹ 50,000 None 12. The break-even point is the level of output where: Total Revenue equals Total Cost Revenue exceeds Cost Fixed Cost equals Variable Cost Profit is maximized None 13. The formula for the compound interest is: P(1 + r/n)^(nt) P(1 + rt) P × r × t o P + r × t None 14. In a partnership, if A invests ₹ 10,000 and B invests ₹ 15,000, the ratio of their shares of profit is: 2:3 3:5 1:2 2:5 None 15. The cost of a machine is ₹ 1,00,000, and its life span is 10 years. The depreciation under the straight-line method is: ₹ 10,000 ₹ 15,000 ₹ 5,000 ₹ 12,000 None 16. What is the compound interest on ₹ 4,000 at 8% per annum for 2 years, compounded annually? ₹ 640 ₹ 800 ₹ 900 ₹ 1,000 None 17. What is the discounted value of ₹ 1,000 due after 2 years at 10% compound interest? ₹ 820 ₹ 830 ₹ 900 ₹ 850 None 18. . The amount payable on a loan of ₹ 50,000 at 12% interest for 2 years, compounded annually is: ₹ 56,000 ₹ 57,440 ₹ 60,000 ₹ 64,000 None 19. What is the amount after 5 years on ₹ 20,000 invested at 6% compound interest? ₹ 30,000 ₹ 26,000 ₹ 22,000 ₹ 27,000 None 20. If the present value of ₹ 5,000 is ₹ 3,500, what is the rate of interest? 10% 12% 14% 15% None 21. In a frequency distribution, the total of all frequencies is called: Mean Median Mode Total Frequency None 22. The measure of central tendency most affected by extreme values is: Mean Median Mode Range None 23. The standard deviation of a dataset is: Always equal to the mean A measure of the spread of the data Always a positive number Both B and C None 24. The sum of squared deviations from the mean is called: Variance Standard deviation Covariance Correlation None 25. The mean of the following data: 10, 20, 30, 40, 50 is: 30 25 40 35 None 26. Which of the following is true about the median of a dataset? It is always equal to the mean. It divides the data into two equal parts. It is always the largest value in the dataset. It is always the smallest value in the dataset None 27. The correlation coefficient can never be: 1 -1 0 Less than -1 or greater than 1 None 28. Which of the following is the correct formula for calculating the variance of a dataset? o Σ(x - μ)² / N Σ(x - μ)² / (N-1) Σ(x - x̄)² / N Σ(x - x)̄² / (N-1) None 29. If two events are mutually exclusive, then: The probability of both events happening is They must both happen simultaneously The probability of one event is the same as the other The events are independent None 30. Which of the following represents the range of a dataset? The difference between the highest and lowest values The sum of all values The difference between the mean and median The sum of squared deviations None 31. In a normal distribution, the mean, median, and mode are: Equal Different Independent of each other None of the above None 32. The coefficient of variation is: The ratio of the standard deviation to the mean The ratio of the mean to the standard deviation The sum of the mean and standard deviation None of the above None 33. What is the probability of drawing an Ace from a standard deck of 52 cards? 1/13 1/52 1/4 1/26 None 34. In a class of 50 students, the mean score in a test is 75. If the sum of all the scores is 3750, then the mean score is: 75 80 70 65 None 35. The skewness of a distribution indicates: The symmetry of the distribution The spread of the distribution The central tendency The variation in the distribution None 36. If the mean and median of a dataset are equal, the distribution is: Symmetric Skewed Uniform Bimodal None 37. The probability of the complement of an event is: 1 minus the probability of the event Equal to the probability of the event Zero None of the above None 38. What is the variance of the following numbers: 2, 4, 6, 8? 4 5 6 10 None 39. The mode of a dataset is: The value that occurs most frequently The average of all the values The middle value The value that occurs least frequently None 40. Which of the following is a characteristic of a binomial distribution? It has two outcomes The trials are dependent The probability of success changes in each trial The trials are infinite None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test.Look out for results and future opportunities.Stay Connected !! Your quiz time is about to finish. Few seconds left. 1 2 3 4 Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
