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

The difference of cost price and sales price is called

Question # 2

Interest is:

Question # 3

Amount of annuity is always:

Question # 4

The methods of finding interest are:

Question # 5

Amount of interest varies from period to period in:

Question # 6

Annuity classified into categories is:

Question # 7

What percent Rs. 30 is of 300

Question # 8

The formula for finding rate is

Question # 9

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

Question # 10

Interest is classified in

Question # 11

A number six time is 180 find the number

Question # 12

Annuity is used in

Question # 13

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

Question # 14

f (x) = √x is:

Question # 15

Sni is read us:

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2nd Chapter

11th Business Mathematics Chapter 2 Test

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ICom Part 1 Business Mathematics Chapter 2 Important MCQ's

Sr.# Question Answer
1 Interest is classified in
A. Two classes
B. Three classes
C. Four classes
D. None of these
2 Sni 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
3 Amount of annuity is always:
A. Present value
B. Current Value
C. Both a and b
D. Future value
4 The fractional form of 8.5% is
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 What percent Rs. 30 is of 300
A. 30%
B. 10%
C. 20%
D. 15%
7 The formula for finding rate is
8
Question Image
A. 4 : 3
B. 3 : 4
C. 9 : 3
D. 3 : 1
9 The ratio between 80 and 640 is
A. 1 : 4
B. 2 : 4
C. 1 :8
D. 4 : 6
10 A number six time is 180 find the number
A. 10
B. 20
C. 30
D. 40

Test Questions

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