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Today Final Test Dec 2023 - 27-12

The document contains a sample test for CA Foundation with 43 multiple choice questions covering various topics including statistics, probability, finance, and logic. The test is for 2 hours and carries a total of 100 marks. It assesses understanding of concepts like index numbers, ratios, simple and compound interest, probability, normal distribution, correlation, and time value of money. Sample questions require calculation of interest, present and future values, probabilities, standard deviation, and identifying logical relationships between statements.
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0% found this document useful (0 votes)
69 views

Today Final Test Dec 2023 - 27-12

The document contains a sample test for CA Foundation with 43 multiple choice questions covering various topics including statistics, probability, finance, and logic. The test is for 2 hours and carries a total of 100 marks. It assesses understanding of concepts like index numbers, ratios, simple and compound interest, probability, normal distribution, correlation, and time value of money. Sample questions require calculation of interest, present and future values, probabilities, standard deviation, and identifying logical relationships between statements.
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CA FOUNDATION – TEST FOR DEC 2023-II

Time: 2 Hrs. Total Marks: 100


Answer all questions bearing equal marks

1. The cost of living index is always


(a) Price index number
(b) Quantity index number
`(c) Weighted index number
(d) Value index number
2. If the ratio of two numbers is 7 :11. If 7 is added to each number then the new ratio will be 2 : 3 then
the numbers are.
(a)49, 77 (b)42,45 (c)43,42 (d)39, 40
3. A number consists of two digits such that the digit in one’s place in thrice the digit in ten’s place. If 36
be added then the digits are reversed. Find the number __________.
(a)62
(b)26
(c)39
(d)None of these
4. The region indicated by the shading in the graph is expressed by the inequalities

(a)x1 + x2≤ 2;

x1+ x2≥ 4;

x1≥ 0, x2≥ 0

(b)x1 + x2≤ 2;

x2x1 + x2≤ 4;

x1≥ 0, x2≥ 0

(c)x1 + x2≥ 2;

1
x1 + x2≥ 4;

x1≥ 0, x2≥ 0

(d)x1 + x2≤ 2;

x1 + x2≥ 4;

x1≥ 0, x2≥ 0

5. A certain sum amounted to Rs. 575 at 5% in a time in which Rs. 750 amounted to Rs. 840 at 4%. If
the rate of interest is simple, find the sum-of
(a) 525 (b)550 (c)515 (d)500
6. Find the amount of compound interest, if an amount of Rs. 50,000 is deposited in a bank for one year
at the rate of 8% per annum compounded semiannually
(a)3,080 (b)4,080 (c)5,456 (d)7,856
7. The population of a town increase by 2% of the population at the beginning of the year. The number
of year by which the total increases in population would be 40% is :
(a)7 years (b)10 years (c)17 years (d)19 years (approx)
8. Two equal amounts of money an deposited in two banks each at 15% p.a. fix 3.5 year in the bank
and fix 5 years in the either. The difference between the interest amount from the bank in Rs. 144.
Find the sum
(a)Rs. 620 (b)Rs. 640 (c)Rs. 820 (d)Rs. 840

9. If σ2 = 100 and coefficient of variation = 20% then x =


(a) 60 (b) 70 (c) 80 (d) 50
10. Standard deviation is __________ times of √MD × QD

𝟏𝟓 8
(a) 2/3 (b) 4/5 (c) √ 𝟖 (d) √15

11. Two letters are choosen from the word HOME. What is the probability that the letters choosen are not
vowels.
(a) ½ (b) 1/6 (c) 2/3 (d) 0
12. If A, B, C are three mutually exclusive and exhaustive events such that:
P(A) = 2(B) = 3P(C) what is P(B)?
(a) 6/11 (b) 3/11 (c) 1/6 (d) 1/3

13. What is the probability of getting 7 or 11 when two dices are thrown?
(a) 2/9 (b) 6/36 (c) 10/36 (d) 2/36

2
14. The Q.D of 6 numbers 15, 8, 36, 40, 38, 41 is equal to
(a) 12.5 (b) 25 (c) 13.5 (d) 37

15. If two line of regression are x + 2y - 5 = 0 and 2x + 3y - 8 = 0. So x + 2y - 5 = 0 is


(a) y on x
(b) x on y
(c) both
(d) None
16. Find the coefficient of correlation.
2x + 3y = 2
4x + 3y = 4
(a) -0.71
(b) 0.71
(c) -0.5
(d) 0.5

17. Which is a better investment 9% p.a. compounded quarterly or 9.1 % p.a. simple interest?
(a)9% compounded (b)9.1% S.T.(c)Both are same(d)Cannot be said

18. Mr. X wants to accumulate Rs. 50,00,000 at the end of 10 years. Then how much amount is required
to be invested every year if interest is compounded annually at 10%? (Given that P(10,0.10) =
15.9374298)
(a)Rs. 3,13,726.87 (b)Rs. 4,13,726.87 (c)Rs. 3,53,726.87 (d)Rs. 4,53,726.87
19. A reads a book and find the name of the author familiar. The author ‘B’is the paternal uncle of C.
C is the daughter of A. How is B related to A?
(a) Brother (b) Sister
(c) Father (d) Uncle
20. A prisoner introduced a boy who came to visit him to the jailor as “Brothers and sisters I havenone,
he is my father’s son’s son”. Who is the boy?
(a) Nephew (b) Son
(c) Cousin (d) Uncle
21. S.D of first five consecutive natural numbers is
(a) √10 (b) √8 (c) √3 (d) √𝟐

22. If the profits of a company remain some for the last ten months then the S.D. of profits of the

3
company would be:
(a) Positive (b) Negative (c) Zero (d) (a) or (c)
23. Two finite sets respectively have x and y number of elements. The total number of subsets of the first
is 56 more than the total number of subsets of the second. The value of x and y respectively.
(a) 6 and 3
(b) 4 and 2
(c) 2 and 4
(d) 3 and 6
24. The set of cubes of the natural number is:
(a) A null set
(b) A finite set
(c) An infinite set
(d) A finite set of three numbers
25. Coefficient of quartile deviation is 1/4 then Q3/Q1 is
(a) 5/3 (b) 4/3 (c) 3/4 (d) 3/5
26. The sum of mean and SD of a series is a + b, if we add 2 to each observation of the series then the
sum of mean and SD is
(a) a + b + 2 (b) 6-a + b (c) 4 + a – b (d) a + b + 4
27. The simple on sum at 4% p.a. for 2 years is Rs. 80. Find the Cl on the same sum for the same period.
(a)Rs. 81.60 (b)Rs. 80.80 (c) Rs. 83.20 (d) Rs. 82.30

28. A company needs Rs. 10,000 in five years to replace as equipment. How much (in Rs.) should be
invested now at an interest rate of 8% p.a. is order to provide for this equipment?
(a)6,000 (b)6,805 (c)10,000 (d) 11,000

29. The present value of of Rs. 25,000 to be received after 10years at 6% per annum compounded
annually is Rs. __________.(1.065 = 1.33823)
(a)Rs. 15,960 (b)Rs. 13,960 (c)Rs. 11,960 (d)Rs. 17,960

30. A log contains 15 one rupee Coins, 25 two rupees coins and 10 five rupee coins if a coin is selected
at random than probability for not selecting a one rupee coin is:
(a) 0.30 (b) 0.20 (c) 0.25 (d) 0.70
31. What is the probability of occurring 4 or more than 4 accidents.

No. of acc. 1 2 3 4 5 6 7

Frequency 8 17 15 24 27 18 9

4
(a) 24 (b) 69 (c) 78 (d) 80

32. If standard deviation is 1.732 then what is the value of poisson distribution the p[-2.48 < x < 3.54] is
(a) 0.73 (b) 0.65 (c) 0.86 (d) 0.81
33. In a normal distribution, variance is 16 then the value of mean deviation
(a) 4.2 (b) 3.2 (c) 4.5 (d) 2.5

34. For a normal distribution ,there may be -


(a) one mode (b) Two mode (c) Multi mode (d) no mode

35. Two finite sets respectively have x and y number of elements. The total number of subsets of the first
is 56 more than the total number of subsets of the second. The value of x and y respectively.
(a) 6 and 3
(b) 4 and 2
(c) 2 and 4
(d) 3 and 6
36. The set of cubes of the natural number is:
(a) A null set
(b) A finite set
(c) An infinite set
(d) A finite set of three numbers

37. What is the coefficient of correlation from the following data?

x: 1 2 3 4 5

y: 5 4 3 2 6

(a) 0
(b) -0.75
(c) -0.85
(d) 0.82

5
38. If the plotted points in a scatter diagram lie from upper left to lower right, then correlation is
(a) Positive
(b) Negative
(c) Zero
(d) None of these (1 mark)
Answer:
(c) The cost of living Index is always weighted Index Number.
39. Fisher’s index number does not satisfy
(a) Unit test
(b) Circular test
(c) Time reversal test
(d) Factor reversal test
40. When the prices for quantities consumed of all commodities are changing in the same ratio, then
the index numbers due to Laspeyre’s and Paasche's will be.
(a) Equal
(b) Unequal
(c) Reciprocal of Marshall Edge worth Index Number
(d) Reciprocal of Fisher Index Number
40. Sangeeta leaves from her home. She first walks 30 meters in northwest direction and then 30m in
south west direction, next she walks 30 metres in south-east direction. Finally she turns towards
her house. In which direction is she moving now?
(a) North – West (b) North - East
(c) South – East (d) South – West

41. When a person faces north and walks 25m right then turns left and walks 20m, and again turns
right and walks 25m, and turns right, and walks.25m, and turns right and walks 40m, in which
direction is he now from his starting point?
(a) North – West (b) North - East
(c) South – East (d) South - West
42. Rs. 200 is invested at the end of each Month in an account paying interest 6% per year
compounded monthly .what is the future value of this annuity after 10th payment ? __________.
(a)Rs. 12044 (b)Rs. 2044 (c)Rs. 2040 (d)Rs. 12000
43. Anshika took loan of Rs 1,00,000 @8% for 5 years .what amount will she pay wants if she wants
the whole amount in five equal installment ?
(a)26045 (b)Rs. 25045.63 (c) 28045.50 (d) none
44. Find the condition that one roots is double the other of ax 2+bx+c = 0

6
(a)2 b2 = 3ac
(b)b2= 3ac
(c)2b2= 9ac
(d)2b2>9ac
2 2 2
45. If 2x = 3y = 12z then
1 1 1 1 2 1 𝟐 𝟏 𝟏
(a) x2 + y2 = z2 (b) x2 + y2 = z2 (c) 𝐱𝟐 + 𝐲𝟐 = 𝐳𝟐 (d)None

46. Complete the series.


4,16,36,64,100 __________.
(a) 144 (b) 121 (c) 49 (d) 120

47. In a certain code MADRAS is NBESBT now DELHI is coded as:


(a) EMMJI (b) JIFEM (c) EFMIJ (d) CDKGH
48. Find the odd man out 5, 10, 17, 27, 37:
(a) 5 (b) 17 (c) 27 (d) 10
49. Complete the series
4, 16 __________ 256, 1024
(a) 32 (b) 48 (c) 64 (d) 46
50. Vinod introduce Vishal as the son of the only brother of his father’s wife. How is Vinodrelated
to Vishal?
(a) Cousin (b) Brother
(c) Son (d) Uncle
51. Suresh introduces a man as “he is the son of the woman who is the mother of the husband of my
mother”. How is Suresh is related to the man?
(a) Brother-in-law (b) Son
(c) Brother (d) Nephew
52. If discount rate is 7% per annum, then hour much a company has to pay to receive Rs. 200 growing
at 5% annually forever?
(a)2500 (b)Rs. 5000 (c) 7500 (d)Rs. 10000
53. Six person are sitting in a circle facing the center. Parikh is between Bablu and Narender; Ashok is
between Chitra and Pankaj. Chitra is on the immediate left of Bablu. Who is on the immediate right of
Bablu?
(a) Parikh (b) Pankaj
(c) Narender (d) Chitra
54. C is between A and B, E is at the extreme right and D is on the left of E. Who is in the middle?
(a) A (b) B
(c) D (d) E

7
55. The nth terms of the series 3 + 7 + 13 + 21 +31 + ………..is
(a)4n – 1 (b)n2 + 2n (c)n2 + n + 1 (d)n3 + 2

56. in a geometric progression the 3rd and 6th terms are respectively 1 and -1/8. The first term (a) and
common ratio are respectively.
1 −1 −𝟏 1
(a) 4 and (b) 4 and (c) 4 and (d) 4 and 4
2 4 𝟐
57. If the sum and product of three numbers in G.P. are 7 and 8 respectively, then 4th term of the series is
(a)6 (b)4 (c)8 (d) 16
58. The inverse function f-1of f(y) = 3y is:
(a) 1/3y
(b) y/3
(c) -3y
(d) 1/y
59. The graphical representation of cumulative frequency distribution is called.
(a) Histogram (b) Historiagram (c) Ogive (d) None

60. The average of salaries in a factory is Rs. 47,000. The Statement that theaverage
salary Rs. 47,000 is __________.
(a) Descriptive statics (b) Inferential (c) Detailed (d) Undetailed

61. Statistics cannot deal with __________ data.


(a) quantitative (b) qualitative (c) textual (d) undetailed

62. The rates of returns from three different shares are 100%, 200% and 400%
respectively. The average rate of return will be:
(a) 350% (b) 233.33% (c) 200% (d) 300%

63. If geometric mean is 6 and arithmetic mean is 6.5, then harmonic mean will be:
𝟔𝟐 6 6
(a) 𝟔.𝟓 (b) 6.52 (c) 6.5 (d) None of the above.
a dy
64. Let x = at3, y = 2. Then =
t dx
−1 −3a
(a) t6
(b) t6
1
(c) 3at6 (d) None of the above

8
65. ∫ x(x2 +4)5dx is equal to
1
(a) (x2 + 4)6 + c (b) 12 (x2 + 4)6 + c
1
(c) (x2 + 4)6 + c (d) None of the above
6
dy
66. xy= 1 then y2 + dx= ?

(a) 1 (b) 0
(c) 2 (d) None of the above
67. The value of
1 1 1
log 5 , (1 + ) + log 5 (1 + ) +– – – – – – + log 5 , (1 + )
5 6 624
(a)2 (b)3 (c)5 (d) 0
68. log 2√2 (512): log 3√2 324 =

(a)128:81 (b)2 : 3 (c)3:2 (d) None


69. If P = x1/3 + x-1/3then P3 - 3P =
1 1 𝟏 1
(a)3 (b) 2 (x + x ) (c) (𝐱 + 𝐱 ) (d) 2 (x + x)
70. SYSTEM is coded as 131625 then TERMS will be coded as?
(a) 62251 (b) 62451 (c) 64251 (d) 62415

71. Find the odd one out: 1,5, 14, 30, 49, 55, 91
(a) 49 (b) 30 (c) 55 (d) 91
72. 5 person are standing in a line. One of the 2 persons at the extreme ends is a professor and the other
is a businessman. An advocate is standing to the right of a student. An author is to the left of the
business man. The student is standing between the professor and advocate. Counting from left, the
author is at which place?
(a) 2nd (b) 3rd
(c) 4th (d) none
73. Which of the following graph is suitable for cumulative frequency distribution?
(a) ‘O’give (b) Histogram (c) G.M (c) A.M

74. A company’s past 10 years average earning is Rs. 40 crores. To have the same
average earning for 11 years including these 10 years, how much earning must be
made by the company in the eleventh year?
40×10
(a) Rs. 40 crores (b) Rs. 11
crores

(c) More than Rs. 40 crores (d) None of the above. (1 mark)

75. A person purchases 5 rupees worth of eggs from 10 different markets. You are to

9
find the average number of eggs per rupee purchased from allthe markets taken
together. The suitable average in this case is:
(a) A.M. (b) G.M. (c) H.M. (d) None of the above.
76. For a moderately skewed distribution, the relationship between mean, median and
mode is:
(a) Mean - Mode = 2 (Mean - Median) (b) Mean - Median = 3 (Mean - Mode)
(c) Mean - Median = 2 (Mean - Mode) (d) Mean - Mode = 3 (Mean - Median).
77. dhuri moved a distance of 75 meters toward north. She then turned to her left and walked for about
25m, turned left again and walked 80m. Finally, she turned to her right at an angle of 45°. In which
direction was she moving now?
(a) South – East (b) South - West
(c) North – West (d) North - East
78. A person facing North moves 70° in clockwise direction. He againmoved 300° in clockwise direction.
In which direction is he facing now?
(a) North – West (b) South - East
(c) North – East (d) South - West
√6+√5 √6−√5 1 1
79. If a = and b = then the value of a2 + b2 is equal to:
√6−√5 √6+√5

(a) 480 (b) 482 (c) 484 (d) 486


80. The ratio of the number of Rs. 5 coins and Rs. 10 coins is 8 : 15. If the value of Rs. 5 coins is Rs.
360, then the number of Rs. 10 coins will be:
(a) 72 (b) 120 (c)135 (d) 185
81. If 2x+y = 22x-y = √8, then the respective values of x and y are _____
𝟏 1 11
(a) 1, 𝟐 (b) 2, 1 (c) 2,2 (d) None of these
82. The ratio of principal and the compound interest value for three years (compounded annually) is 216 :
127. The rate of interest is:
(a)0.1777 (b)0.1567 (c)0.1666 (d)0.1587

83. [A stock pays annually an amount of Rs.10 from 6th year onwards. What is the present value of the
perpetuity, if the rate of return is 20%?
(a)20.1 (b)19.1 (c)21.1 (d) 22.1
84. If Arithmetic mean between two numbers is 5 and Geometric mean is 4 then what is the value of
Harmonic mean?
A.3.2 B.3.4 C.3.5 D. 36
85. In a G.P. 5th term is 27 8th term is 729. Find its 11th term.
A. 729 B. 6561 C. 2187 D. 19683
86. Relation between mean, median and mode is

10
(a) mean-mode = 2 (mean-median) (b) mean-median = 3(mean-mode)
(c) mean-median = 2 (mean-mode) (d) mean-mode = 3(mean-median)
87. If each item is reduced by 15 A. M is
(a) Reduced by 15 (b) increased by 15 (c) reduced by 10 (d) none
88. For 899,999, 391,384, 390, 480,485,760,111,240 Rank of median is
(a) 2.75 (b) 5.5 (c) 8.25 (d) none

89. Given that

X -3 -3/2 0 3/2 3

Y 9 9/4 0 9/4 9

Then Karipearson’s coefficient of correlation is


(a) Positive
(b) Zero
(c) Negative
(d) None
2
90. Find the probable error if r = and n = 36
√10

(a) 0.6745
(b) 0.067
(c) 0.5287
(d) None
91. In a normal distribution about 95 per cent of the observations lie between _____ and __________.
(a) μ - 2σ, μ + 2σ (b) μ - 3σ, μ + 3σ
(c) μ -1.96σ, μ + 1.96σ (d) μ - 2.58σ, μ + 2.58σ
92. An example of a bi-parametric discrete probability distribution is
(a) Binomial distribution (b) Poisson distribution
(c) Normal distribution (d) Both (a) and (b)
93. The harmonic mean H of two numbers is 4 and their arithmetic mean A and the
geometric mean G satisfy the equation 2A + G 2 = 27, then the numbers are
(a) (1,3) (b) (9,5) (c) (6,3) (d) (12,7)

94. Quartiles can be determined graphically using:


(a) Histogram (b) Frequency polygon (c) Ogive curve (d) Pie chart
95. Find the missing value in the series 0, 2, 3, 6, 10, 17, 28, ?, 75.

11
(a) 58 (b) 46 (c) 48 (d) 54
3 8 18 78
96. Find the missing value in , , , ?, .
8 19 41 173

37 40 39 𝟑𝟖
(a) 84 (b) 87 (c) 86 (d) 𝟖𝟓

97. The number of ways in which a person can chose one or more of the four electrical appliances : T.V,
Refrigerator, Washing Machine and a cooler is
(a) 15 (b) 25 (c) 24 (d) none of these

98. . 51C31 is equal to


(a) 51C20 (b) 2.50C20 (C) 2.45C15 (d) none of these

99. The number of words that can be made by rearranging the letters of the word APURNA so that
vowels and consonants appear alternate is
(a) 18 (b) 35 (c) 36 (d) none of these
100. The number of different words that can be formed with 12 consonants and 5 vowels by taking 4
consonants and 3 vowels in each word is

(a) 12C4 × 5C3 (b) 17C7 (C) 4950 × 7! (d) none of these

12

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