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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MCQ's Test For Chapter 2 "Business Mathematics Icom Part 1 Chapter 2 Online Test"

Try The MCQ's Test For Chapter 2 "Business Mathematics Icom Part 1 Chapter 2 Online Test"

  • Total Questions15

  • Time Allowed20

Business Mathematics Icom Part 1 Chapter 2 Online Test

00:00
Question # 1

f (x) = √x is:

Question # 2

The fractional form of 8.5% is

Question # 3

Annuity classified into categories is:

Question # 4

In compound interest method, the interest earned is considered as to be:

Question # 5

Interest is classified in

Question # 6

Annuity is used in

Question # 7

Amount of annuity is always:

Question # 8

What percent Rs. 30 is of 300

Question # 9

Never ending annuity is:

Question # 10

Amount of interest varies from period to period in:

Question # 11

Interest is:

Question # 12

If 3x + 2 = 2x + 6 then x is equal to.

Question # 13

The formula for finding rate is

Question # 14

The discount which is calculated on list price of goods is called

Question # 15

The methods of finding interest are:

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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.

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ICom Part 1 Business Mathematics Chapter 2 Important MCQ's

Sr.# Question Answer
1 Interest is:
A. Rent
B. Wage
C. Salary
D. Commission
2 Annuity classified into categories is:
A. Four
B. Three
C. Two
D. Five
3 At what rate you can double your amount in a years.
A. 5% p.a
B. 6% p.a
C. 8% p.a
D. 9% p.a
4 The difference of cost price and sales price is called
A. Profit%
B. Loss
C. Loss%
D. Profit
5 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
6 Principal = Rs. 5000, Interest = 10%, Period = half year interest = ?
A. Rs. 1000
B. Rs. 500
C. Rs. 250
D. Rs. 200
7 The ratio between 80 and 640 is
A. 1 : 4
B. 2 : 4
C. 1 :8
D. 4 : 6
8 A number six time is 180 find the number
A. 10
B. 20
C. 30
D. 40
9 The methods of finding interest are:
A. One
B. Two
C. Three
D. Four
10 Never ending annuity is:
A. Ordinary annuity
B. Annuity due
C. Perpetuity
D. Annuity

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