DEPARTMENT OF COMMERCE (COMPUTER APPLICATIONS)

ISLAMIAH COLLEGE (AUTONOMOUS), VANIYAMBADI

BUSINESS MATHEMATICS & STATISTICS

Class: II B.Com (CA) Semester: III Sub. Code: UCCATC32

MCQ Questions Bank

SECTION – A

1. What is the result of 5 + 2 × 3?

A) 11 B) 21 C) 13 D) 9

2. What is the value of (8 ÷ 4) + (3 × 2)?

A) 10 B) 9 C) 8 D) 7

3. Evaluate: 6 + (10 ÷ 2) × 3
A) 15 B) 21 C) 18 D) 24

4. What is the result of 20 ÷ (5 + 5)?

A) 10 B) 2 C) 4 D) 5

5. Solve: (2 + 3) × 4 – 6
A) 12 B) 14 C) 16 D) 10

6. What is the result of 16 ÷ 4 × (3 + 1)?

A) 16 B) 20 C) 12 D) 24

7. Evaluate: 12 ÷ (3 + 1) × 2
A) 6 B) 8 C) 10 D) 12

8. Solve: 18 ÷ 3 + (4 × 2)
A) 10 B) 12 C) 14 D) 16

9. What is the value of 8 × 2 ÷ 4 + 3?

A) 7 B) 10 C) 8 D) 6

10. Evaluate: (6 + 4) × 2 ÷ 5
A) 2 B) 3 C) 4 D) 6

11. Business mathematics is primarily used to:

A) Study geometry
B) Solve complex algebraic equations
 C) Assist in making business decisions involving numbers
D) Study calculus in-depth

12. In business, percentages are commonly used for:

A) Calculating profit margins

B) Determining the area of a circle
C) Solving quadratic equations
D) Estimating probabilities

13. Compound interest differs from simple interest because:

A) It is calculated only on the initial principal
B) It is calculated on the principal and accumulated interest
C) It decreases over time
D) It remains constant over time

14. Depreciation in business mathematics refers to:

A) The increase in the value of an asset over time
B) The reduction in the value of an asset over time
C) Profit generated from asset sales
D) Interest earned on a loan

15. Statistics is used in.........

a) Singular sense b) Plural Sense
c) Both in Singular and Plural d) None of these

16. Statistics deal with.....

a) Material Analysis b) Material Facts
c) Qualitative Analysis d) Numerical Facts

17. The basic functions of Statistic is...

a) To Forecast
b) To analysis
c) To Present the facts in terms of data
d) To Present the facts in terms of qualities

18. The word Statistics refers...

a) To quantitative informations
b) To a methods of dealing with quantitative information
c) Neither (a) nor (b)
d) Either (a) or (b)

19. Statistics is a......

a) Science b) Art
c) Both Science and an Art d) None of the Above
20. Data originally collected in the process of investigation are known as......
a) Primary Data b) Secondary Data
c) Personal Investigation d) All the Above

21. How many methods are used for the collections of data?
a) 4 b) 3 c) 1 d) 2

22. Statistics does not study....

a) Constant b) Individual c) Statistics d) Parameter

23. Individual respondents, focus group and panels of respondents are categories as.....
a) Primary Data Source c) Itemized Data Source
b) Secondary Data Source d) Pointed Data Source

24. Census returns are.......

a) Qualitative Data b) Primary Data
c) Secondary Data d) True Data

25. The Secondary data can be obtained from...

a) Published Source Only b) Unpublished source only
c) Homogenous d) None of these.

26. Classification is the process of arranging data in....

a) Different Column b) Different Rows
c) Grouping of related facts in different classes
d) Grouping according to their resemblance and affinities

27. Geographical classification means classification of data according to...

a) Time b) Location
c) Attributes d) Class Intervals

28. What is the objectives of Tabulation

a) Comparison b) Economy c) Attractive d) All the Above

29. Which of the following is the method of presentation of Data?

a) Diagrammatic b) Graphic
c) Tabular d) All of these
30. When an investigator uses the data which has already been collected by others, such data is
called...
a) Primary Data b) Secondary Data
c) Collected Data d) Processed Data

31. The Population of India is classified in a table from 2001 to 2010. This in case of:
a) Geographical Classification b) Qualitative Classification
c) Chronological Classification d) None of these.
32. The degree of randomness of selection would depend upon the process of selecting the items
from the..........
a) Population b) Sample
c) Region d) Data

33. A function very similar to that of sorting letters in a Post Office is........
a) Allocation b) Tabulation
c) Classification d) Separation

34. The Number of Observation in a particular class is called...

a) Frequency b) Class Marks
c) Width of the Class d) All the above.

35. A systematic arrangement of data in rows and column is..

a) Tabulation b) Table
c) Source Note d) None of these.

36. Type of Bar Diagram is....

a) Pictogram b) Sub-Divided Diagram
c) Line Diagram d) Pie Diagram

37. The most commonly used device of presenting Business and Economic data is .......
a) Pie Diagram b) Pictogram
c) Line diagram d) Bar Diagram

38. A Pie diagram is also called.....

a) Line Diagram b) Angular Diagram
c) Bar Diagram d) Histogram

39. The Median of a frequency distribution is found graphically with the help of.....
a) Ogives b) Histogram
c) Frequency Curve d) Frequency polygon

40. Two Dimensional diagrams used in surface Diagram are

a) Square b) Pie Diagram
c) Circles d) All the Above.

41. The mode of a frequency distribution can be determined graphically by

a) Histogram b) Ogives
c) Frequency Curve d) Frequency polygon

42. Statistics may rightly be called as the science of.........

a) Dispersion b) Averages
c) Skewness d) Mean
43. Where frequencies of a variable are given but the variable is without class intervals is called.........
a) Individual Series b) Discrete Series
c) Raw Series d) Continuous series

44. Which is correct equation for calculating Arithmetic Mean?

a) ∑x/N b) ∑x + N c) ∑x – n d) ∑x * N

45. Difference between Upper and Lower Limits is called....

a) Class Limit b) Class Distribution
c) Class Intervals d) Frequency Distribution

46. Find the Mean for the following data: 30, 41, 47, 54, 23, 34, 37, 51, 53, 47
a) 53.2 b) 417 c) 520 d) 41.7

47. A list of 5 pulse rate is: 70, 64, 80, 74, 92. What is the Median for this list?
a) 76 b) 74 c) 77 d) 80

48. What is value of Mean for the following data?

70, 65, 55, 75, 80, 85, 65, 70, 95
a) 80.22 b) 73.33 c) 56.14 d) 96.5

49. A value which divides the series into two equal parts is known as.......
a) Mean b) Median c) Mode d) All the above

50. What is the value of Mean, if A=12, ∑fdx = 9, N=60, C=4.

a) 8.9 b) 15.4 c) 18.5 d) 12.6

51. Find the value of Median, if L = 30, C.F = 59, f = 50, N/2= 85, C = 10.
a) 35.2 b) 43.6 c) 38.5 d) 28.3

52. Give: L = 30.5, D1=4, D2=5, C= 10, Find the Mode?

a) 47.5 b) 42.38 c) 34.94 d) 36.73

53. If Mean = 8 and Median = 9, what is Mode?

a) 45 b) 11 c) 34 d) 28

54. In a moderately symmetric distribution Mean, Median and Mode are connected by:
a) Mode = 2 Median – 3 Mean b) Mode = 3 Median – 4 Mean
c) Mode = 3 Median – 2 Mean d) Mode = 2 Median – 4 Mean

55. The correlation coefficient is………….?

a) The square of the coefficient of determination
b) Can never be negative
c) The square root of the coefficient of determination.
d) The same as r square
56. Which of the following statements is true for correlation analysis?
a) It is a bivariate analysis
b) It is a multivariate analysis
c) It is a univariate analysis
d) Both a and c

57. If the values of two variables move in the same direction, ___________
a) The correlation is said to be non-linear
b) The correlation is said to be linear
c) The correlation is said to be negative
d) The correlation is said to be positive

58. If the values of two variables move in the opposite direction, ___________
a) The correlation is said to be linear
b) The correlation is said to be non-linear
c) The correlation is said to be negative
d) The correlation is said to be positive

59. The correlation for the values of two variables moving in the same direction is.......
a) Perfect positive
b) Negative
c) Positive
d) No correlation

60. Who suggested the mathematical approach for determining the magnitude of a linear
relationship between two variables, such as X and Y?
a) Karl Pearson
b) Ya Lun Chou
c) Croxton and Cowden
d) Spearman

61. For a correlation of determination equal to 1, what is the value of the correlation coefficient?
a) It can be any value between +1 and -1
b) It must be equal to -1
c) It can be either +1 or -1
d) It must be equal to 1

62. If any regression coefficient’s value is zero, the two variables are:
a) Independent b) Qualitative
c) Dependent d) None of the preceding

63. A measure of the strength of the linear relationship that exists between two variables is called:
(a) Slope (b) Intercept (c) Correlation coefficient (d) Regression equation

64. When the ratio of variations in the related variables is constant, it is called:
(a) Linear correlation (b) Nonlinear correlation
 (c) Positive correlation (d) Negative correlation

65. The value of the coefficient of correlation r lies between:

(a) 0 and 1 (b) -1 and 0 (c) -1 and +1 (d) -0.5 and +0.5

66. Index number for base year is always considered as------

a) 100 b) 101 c) 201 d) 1000

67. Index number is a special type of ----------

a) Average b) dispersion c. correlation d. None of the above

68. Index number is always expressed in ----------

a) Percentage b) ratio c. proportion d. None of the above

69. Index number is also called as-----------

a) Economic barometer b. Parameter c. Constant d. None of the above

70. Which index number is called as …………….ideal index number.

a) Laspery’s b. Paasche’s c. Fisher d. None of the above

71. In Lasperys price index number weight is considered as---------

(a) Quantity in base year
(b) Quantity during current year
(c) Prices in base year
(d) Prices in current year.

72. In Paasches price index number weight is considered as---------

a) Quantity in base year
b) Quantity in current year
c) Prices in base year
d) Prices in current year.

73. A period for which index number is determined is called as ------

a) Base period b) Current Period c) Normal period d) None of the above

74. Index numbers can be used for:

a) Forecasting b) Fixed prices c) Different prices d) Constant prices

75. When the prices of rice are to be compared, we compute:

a) Volume index b) Value index c) Price index d) Aggregative index

76. Fisher's ideal index number is the geometric mean of the:

(a) Laspeyre's and Marshall Edgeworth indices
(b) Laspeyre's and Paasche's indices
 (c) Paasche's and Marshal Edgeworth indices
(d) all of the above

77. Price Index Numbers measures the changes in?

a) Relative changes in prices of commodities between two periods
b) Physical quantity of goods produced
c) Single variable
d) None of the above

78. Index number calculated by Fisher's formula is ideal because it satisfy:

a) Circular test b) Factor reversal test c) Time reversal test d) All of the above

79. Index Numbers may be categorized in terms of________ ?

b) Variables b) Constants c) Numbers d) All of the Above

80. Which of the following is useful to calculate Dearness allowances of employee?

a) Correlation b) Regression c) Index Number d) None of the above

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