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

To find the inverse of a matrix A we use the formula.

• |A|/Adj A
  A
• |A| Adj A B
• Adj A/ |A|
  C
• None D

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

• Trade discount A
• Cash discount B
• Rebate C
• None of these D

Annuity is used in

• Simple arithmetic A
• Function B
• equation C
• Mathematics of Finance D

A number six time is 180 find the number

• 10 A
• 20 B
• 30 C
• 40 D

Quantity discount buy 2 get 3 is equal to:

• 20% A
• 33 1/2 % B
• 67 2/3 % C
• None of the above D

• 4 : 3 A
• 3 : 4 B
• 9 : 3 C
• 3 : 1 D

Annuity classified into categories is:

• Four A
• Three B
• Two C
• Five D

Interest is classified in

• Two classes A
• Three classes B
• Four classes C
• None of these D

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

• Reinvested A
• De-invested B
• Both a and b C
• None of these D

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

• 4 A
• 5 B
• 6 C
• 7 D

The fractional form of 8.5% is

• 
  A
• 
  B
• 
  C
• 
  D

Interest is:

• Rent A
• Wage B
• Salary C
• Commission D

Amount of annuity is always:

• Present value A
• Current Value B
• Both a and b C
• Future value D

The ratio between 80 and 640 is

• 1 : 4 A
• 2 : 4 B
• 1 :8 C
• 4 : 6 D

The difference of cost price and sales price is called

• Profit% A
• Loss B
• Loss% C
• Profit D