First Year Business Mathematics Chapter 2 Online MCQ Test for 1st Year Business Mathematics Chapter 2 (Mathematics of Finance)

Top Scorers Of Chapter 2 "Business Mathematics Icom Part 1 Chapter 2 Online Test" MCQ`s Test

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• B

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• Q

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ICom Part 1 Business Mathematics Chapter 2 Important MCQ's

Sr.#	Question	Answer
1	The fractional form of 8.5% is
2	Quantity discount buy 2 get 3 is equal to:	A. 20% B. 33 1/2 % C. 67 2/3 % D. None of the above
3	Annuity classified into categories is:	A. Four B. Three C. Two D. Five
4	To find the inverse of a matrix A we use the formula.	A. |A|/Adj A B. |A| Adj A C. Adj A/ |A| D. None
5		A. 4 : 3 B. 3 : 4 C. 9 : 3 D. 3 : 1
6	Annuity is used in	A. Simple arithmetic B. Function C. equation D. Mathematics of Finance
7	Interest is classified in	A. Two classes B. Three classes C. Four classes D. None of these
8	Amount of annuity is always:	A. Present value B. Current Value C. Both a and b D. Future value
9	The ratio between 80 and 640 is	A. 1 : 4 B. 2 : 4 C. 1 :8 D. 4 : 6
10	The formula for finding rate is