2nd Chapter

11th Business Mathematics Chapter 2 Test

Here you can prepare 11th Class Business Mathematics Chapter 2 Mathematics of Finance Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

Introduction of Mathematics of finance . Interest . Annuity

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

Sr. # Questions Answers Choice
1
  • A. 4 : 3
  • B. 3 : 4
  • C. 9 : 3
  • D. 3 : 1
2 Interest is classified in
  • A. Two classes
  • B. Three classes
  • C. Four classes
  • D. None of these
3 The discount which is calculated on list price of goods is called
  • A. Trade discount
  • B. Cash discount
  • C. Rebate
  • D. None of these
4 To find the inverse of a matrix A we use the formula.
  • A. |A|/Adj A<br>
  • B. |A| Adj A
  • C. Adj A/ |A|<br>
  • D. None
5 The difference of cost price and sales price is called
  • A. Profit%
  • B. Loss
  • C. Loss%
  • D. Profit
6 Amount of interest varies from period to period in:
  • A. Simple interest
  • B. Compound interest
  • C. Both a and b
  • D. None of these
7 Interest is:
  • A. Rent
  • B. Wage
  • C. Salary
  • D. Commission
8 What percent Rs. 30 is of 300
  • A. 30%
  • B. 10%
  • C. 20%
  • D. 15%
9 Annuity classified into categories is:
  • A. Four
  • B. Three
  • C. Two
  • D. Five
10 S<sub>ni</sub> is read us:
  • A. S angle i at n
  • B. S angle n at i
  • C. Amount S at i
  • D. Annuity S at n

Top Scorers of Business Mathematics Icom Part 1 Chapter 2 Online Test

A

Ali Hassan

Lahore26 - Nov - 2024

12/15
05 Mins 38 Sec
H

Hiba Khan

Lahore16 - Nov - 2024

11/15
04 Mins 13 Sec

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