MCQ Portal

1. The two numbers are in the ratio 2:3. If 4 is subtracted from each, they are in the ratio 3:5. The numbers are:

(16, 24) (4, 6) (10, 15) (12, 16)

2. How much pure milk (in ml) must be added to 300 ml of a solution containing 15% of milk to change the concentration of milk in that mixture to 50%?

160 190 205 210

3. If x varies inversely with y, then which of the following is correct?

x₁ / y₁ = x₂ / y₂ x₁ / x₂ = y₂ / y₂ x₁ / x₂ = y₂ / y₁ x₁x₂ = y₁y₂

4. A given sum of money gives ₹50 simple interest for one year ₹102 as compound interest for two years. Determine the rate of interest.

8% 12% 4% 12.5%

5. Find the present value of an annuity of ₹1000 received annually for 4 years at a discount ratio of 5%.

3546 4504 2450 3200

6. If (√3)^x = 81, then the value of a for ax² - 10x + 16 = 0 is:

-1 1 -2 2

7. Ajay walks 4 kmph and 4 hours after his start, Badal cycles after him at 10 kmph. How far from the start does Badal catch up with Ajay?

16.67 km 18.67 km 21.25 km 26.67 km

8. The 7th term of an AP, -20, -16,-12 ... is:

-44 -4 4 0

9. The first term and common ratio of a GP series are 4 and 1/2 respectively. The fifth term is:

1/8 1/4 64 1/64

10. If A and B be two sets such that n(A) = 70, n(B) = 60 and n(A U B) = 110, then n(A ∩ B) is:

240 50 40 20

11. If A and B be any two sets, then (A ∩ B) ∪ (A ∩ B^c)is:

A B Universal set Null set

12. If log_a b + log_a c = 0, then:

b = -c b = 1/c b = c b = -1/c

13. If ⁿP_r = 720ⁿC_r, then the value of r is:

5 6 4 8

14. In how many ways can 6 books be equally distributed among 3 boys?

30 15 90 36

15. If a and b be the two roots of the equation x² - 5x + 6 = 0 and α > β , then the equation with roots (αβ + α + β ) and (αβ - α - β ) is:

x²-12x+11 =0 x²-3x+6 =0 x²-12x-12 =0 x²-12x+11 =0

16. If α and β be the roots of the quadratic equation -2x - 3 = 0, then the value of α³ + β³

24 22 -20 26

17. If y = 1/(3 - 2x), find dy/dx.

- 2/(3-2x)² 1/(3-2x)³ 2/(3-2x)² - 2/(3-2x)

18. The cost of producing x units of a product is 300x - 10x² + 1/3 x³. Find the marginal cost (in ₹) for 12 units output.

204 240 402 420

19. The condition required for maximization of a function f(x) is:

f'(x) = 0, f''(x) = 0 f'(x) = 0, f''(x) < 0 f'(x) = 0, f''(x) > 0 f'(x) < 0, f''(x) < 0

20. If (a/b)^x-1 = (b/a)^x-3 :

1/2 1 7/2 2

21. In a pie diagram, 1% is equivalent to:

3° 4° 3.6° 2.6°

22. Data collected on religion from the census reports are:

Primary data Secondary data Attribute data Both Primary and Secondary data

23. A variable which can take any value in a specified interval on a real line is called:

Continuous variable Discrete variable Non-measurable variable Attribute

24. The frequency density of a class and total frequency of a group frequency distribution with equal class width are 17 and 204 respectively. The width of a class is:

8 10 9.5 12

25. If the mean of 7, (n + 3), 10, (n - 3) and (n - 5) is 15, what will be the value of n?

19 20 16 21

26. The median of the numbers 21, 12, 49, 37, 88, 46, 74, 63, 55 is:

49 88 12 74

27. The quartile deviation of the numbers 18, 12, 22, 15, 30, 5, 44 is:

12 9 7 5

28. Given n = 10, ∑x = 120, and ∑x² = 1690. The standard deviation is:

8 6 5 7

29. If the means of sample 1 and sample 2 be 20 and 50 respectively and the mean of the combined sample be 30, find the percentage of observations in sample 1.

66.67% 33.33% 50% Cannot be determined

30. For a frequency distribution, C.V. = 4% and S.D. = 6 and coefficient of skewness = 1.5, the mode of the distribution is:

132 147 153 141

31. If 2y - 6x = 6 and the mode of x is 21, then what is the mode of y?

61 66 51 58

32. If cov(x, y) = 12, b_xy = 4/3, then var(x) is:

9 16 3 4

33. The value of rank correlation lies between:

0 and 1 -1 and 1 -1 and 0 It will be equal to 1

34. Find the correlation coefficient of the following pair of variables (x, y).
X: -3, -1, 1, 3
Y: 9, 1, 1, 9

0 1 -1 0.5

35. If ∑D² = 33 and n = 10, find the rank correlation coefficient.

0.75 0.6 0.5 0.8

36. Which one of the following statements is true?

Values of both bi-variate regression coefficients can be more than one. If values of bi-variate regression coefficients are negative, then correlation coefficient is positive. If values of bi-variate regression coefficients are positive, then correlation coefficient is positive. Values of bi-variate regression coefficients can be of opposite sign.

37. If two regression lines of two variables x and y intersect at a point (4, 5) and b_byx = 2.5, find the value of y when x = 6.

25 15 10 20

38. If the variables x and y are independent, the correlation coefficient between them is:

1 0 -1 ±1

39. If A, B, C are equally likely, mutually exclusive and exhaustive events, then P(A) equals to:

1 0 1/2 1/3

40. The probability that a candidate passes in Accountancy and Economics are 0.5 and 0.6 respectively. What is the probability that the candidate passes only one of the two subjects?

0.8 0.4 0.5 0.75

41. The probability of getting 52 Sundays in a leap year is:

1/7 2/7 5/7 6/7

42. If an unbiased coin is tossed 3 times, find the probability of getting at least 2 heads.

3/8 1/8 5/8 1/2

43. A box contains 5 red and 3 white balls. 2 balls are drawn at random simultaneously from the box. Find the probability of getting two same color balls.

13/28 5/14 3/28 15/28

44. If P(A) = 2/3, P(B) = 1/2 and P(B|A) = 4/9, find P(A|B).

1/3 3/4 16/27 4/27

45. An unbiased coin is tossed thrice. If the first toss gets head, what is the probability of getting only one more head?

0.8 0.5 0.25 0.4

46. Given ∑P₀Q₀ = 196, ∑P₀Q₁ = 324, ∑P₁Q₀ = 256, ∑P₁Q₁ = 441, Fisher's price index number is:

132.8 131.4 132.2 133.3

47. Delay in the production of a factory due to sudden breakdown of machine is:

Secular trend Cyclical variation Seasonal variation Irregular variation

48. Year: 2020, 2021, 2022, 2023, 2024;
Sales (in thousands): 5, 4.5, 6, 5.5, 5
Find the 3-year moving average for the year 2023.

5.33 5.5 5.16 5

49. Net monthly income of an employee was 10,000 per month in 2010. The consumer price index number was 80 in 2010 and became 240 in 2023. Calculate the additional D.A (in ₹) to be paid to the employee if he has to be compensated.

15,000 18,000 20,000 22,000

50. The price of a commodity in the years 2010 and 2020 were 40 and 50 respectively. Find the price relative taking 2010 as base year.

125 115 140 80

51.Adam Smith is known as the father of Economics.

Adam Smith Alfred Marshall Lionel Robbins J. R. Hicks

52. According to Economics, means are:

Endless Abundant Limited Unlimited

53. A piece of wood becomes a table. It is an example for which type of utility?

Time Place Possession Form

54. What occurs when the price that consumers pay for a product or service is less than the price they are willing to pay.

Consumer Surplus Total Utility Marginal Utility Market Price

55. Disguised unemployment is primarily traced in the which unorganized sectors of the economy. :

Agricultural sector Industrial sector Information Technology sector Service sector

56. Which of the following is a second factor of production?

Land Labour Capital Organisation

57. In microeconomic theory, the cost of a choice is the value of the best alternative foregone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. This is known as:

Opportunity cost Explicit cost Implicit cost Social cost

58. Which one of the following is not a factor in the market supply of a product?

Cost of production Number of buyers Market price of the product Price of related products

59. Which of these will have highly inelastic supply?

Perishable goods Consumer durable goods Items of elite class consumption All of the above

60. In the short-run, price is governed by:

Cost of production Demand and supply forces Marginal utility Consumer surplus

61. A market structure with a single seller or producer that assumes a dominant position in an industry or a sector is called:

Oligopoly Duopoly Monopolistic Competition Monopoly

62. A firm can achieve equilibrium when its:

MC = MR MC = AC MR = AR MR = AC

63. The equilibrium of a firm can be divided into how many types?

2 3 4 5

64. In a competitive market, the price-maker is:

Firm Industry Consumer Trade association

65. Skimming pricing is a pricing strategy that sets new product prices:

High Neither high nor low Low Medium

66. Which competition is a type of market structure where many firms are present in an industry and they produce Similar but differentiated products:

Pure competition Monopolistic competition Perfect competition Oligopolistic competition

67. To fully understand microeconomics, it is necessary to leave aside perfect competition and move towards the opposite direction. Who concluded this?

Piero Sraffa Adam Smith Peter Drucker Joan Robinson

68. What occurs when a leading firm in a given industry is able to exert enough market influence to effectively determine the price of goods or services for the entire market.

Price leadership Differential pricing Policy pricing Skimming pricing

69. Which is a form of oligopoly, where only two companies dominate the market.

Duopoly Monopoly Monopsony All of the above

70. Which states that bad money drives good money out of circulation.

Law of Demand Law of Supply Gresham's Law Law of Self-interest

71. The money market deals with:

Medium-term credit Long-term credit Short-term credit None of the above

72. Which of the following is a quantitative credit control instrument?

Open market operations Credit rationing Moral suasion Licensing

73. Which of the following is the oldest system of money?

Barter Plastic money Credit money Gold

74. Which of the following is a qualitative credit control instrument used by the Central Bank?

Bank rate policy Rationing of credit Open market operations CRR

75. Manipulation in CRR enables the RBI to:

Influence the lending ability of the commercial banks Check unemployment growth Check poverty Increase GDP

76. Fiscal Policy in India is formulated by the:

RBI SEBI Finance Ministry NABARD

77. EXIM bank is authorized to raise loans from the:

RBI Govt. of India International market Trading activities

78. Which marketis the mechanism for the flow of funds from the surplus to the deficit units in the economy.

Money Market Stock Market Regulated Market Bullion Market

79. Financial markets are classified into Money Market and:

Bullion Market Capital Market Stock Market National Market

80. Which environment is within the control of the business.

Internal External Micro Macro

81. Select the internal components which influence business decisions:

Culture Mission Objectives All of the above

82. The term "P" in PESTEL stands for:

Policy Political Power Project

83. The term "W" in SWOT analysis stands for:

Work Weather Weaknesses Will power

84. Opportunities and Threats are related to:

External environment Internal environment Micro environment None of the above

85. The task environment is also known as:

Short-term environment Macro environment Internal environment Long-term environment

86. There are how many major functions of management?

Two Three Four Five

87. The concept of Scientific Management has focused mainly on the:

Sales function Accounting function Major functions Production function

88. The non-programmed decisions are mainly taken by the:

Top-level management Middle-level management Lower-level management Supervisory-level management

89. what involves a system within an organization in which the top, middle, and lower levels of management participate in decision-making.

Centralisation of Authority Delegation of Authority Decentralisation of Authority Responsibilty

90. The first step in the process of staffing is:

Procurement of personnel Development of personnel Compensation of personnel Placement of personnel

91. One who receives information in any communication process is known as:

Communicator Sender Communicatee None of the above

92. What involves the selection of language in which the message is to be given.

Feedback Decoding Encoding Medium

93. The Stewardship Theory states that a steward protects and maximizes the shareholders' wealth through the firm's:

Performance Production Profit Sales

94. Post-control is also known as:

Feedback control Concurrent control Pre-control Feed-forward control

95. Effective ______ increases the interactions among the managers and the subordinates.

Centralisation of Authority Decentralisation of Authority Communication Delegation of Authority

96. What flows from lower-level management to top-level management.

Authority Responsibility Centralisation of Authority Decentralisation of Authority

97. The managerial function of directing the subordinates towards achievement of the organizational goals is known as:

Planning Organizing Leadership Controlling

98. Encouraging someone to a particular course of action is known as:

Morale Motivation Communication Co-ordination

99. The decision to purchase stationery is a:

Policy decision Routine decision Personal decision Non-programmed decision

100. The act of choice wherein an executive comes to a conclusion about what must not be done in a given situation is known as:

Planning Organizing Decision-making Controlling

Dec 24 Attempt Session 2

[Choose your options carefully. The MCQ will be automatically submitted once the timer ends, your results will be displayed at the conclusion of the session]

Business Economics And Management