Business Math & Stat Quiz, MCQs



NOTE: Attempt all Questions to see the Result at the bottom of this page.



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  1. 1)

    If the price of an English novel decreases from Rs 255.50 to Rs 230.25. What is the percentage decrease?


    • A) 8.9 %
    • B) 9.9 %
    • C) 10.9%
    • D) 11.9 %

  2. 2)

    You invested $500 and received $650 after three years. What had been the interest rate?


    • A) 20%
    • B) 30%
    • C) 40%
    • D) 25%

  3. 3)

    Amount of discount is obtained as


    • A) Percentage of Discount x List Price
    • B) Percentage of Discount / List Price
    • C) Percentage of Discount - List Price
    • D) None of these

  4. 4)

    If A is the matrix of dimension 2×3 and I is the identity matrix of dimension 3× 3. Then which of the following is true


    • A) AI = I
    • B) AI = A
    • C) A + I = A
    • D) A + I = I

  5. 5)

    Interest paid (earned) on both the original principal borrowed (lent) and previous interest earned is often referred to as


    • A) future value
    • B) compound interest
    • C) simple interest
    • D) present value

  6. 6)

    If A= [a b c] is a matrix then in order to find AB, the number of columns B must have are


    • A) 3
    • B) 2
    • C) 1
    • D) any non zero number

  7. 7)

    3x^2 + 5x – 7 is --------------- expression


    • A) Monomial
    • B) Binomial
    • C) Trinomial
    • D) Linear

  8. 8)

    Find x if 2x + 6 = 10.


    • A) 8
    • B) 2
    • C) -2
    • D) -8

  9. 9)

    If matrix A has an order 3*3 and matrix B has an order 3*2, then the order of a matrix A*B is ………


    • A) 3*3
    • B) 2*3
    • C) 3*2
    • D) 2*2

  10. 10)

    If x: y = y: 1, then


    • A) X = y
    • B) X = y^2
    • C) X = y / x
    • D) X = -y