Business Mathematics Questions and Answers for BAF

Business Mathematics Questions and Answers for BAF


(1) A ratio equivalent to 3 : 7 is:

 a) 3 : 9 

 b) 6 : 10 

 c) 9 : 21 

 d) 18 : 49


c) 9 : 21



 (2) The ratio 35 : 84 in simplest form is:

 a) 5 : 7

 b) 7 : 12 

 c) 5 : 12 

 d) None of these


c) 5 : 12



 (3) Cash discount is usually calculated as a percentage on the -----------.

 a) cost price 

 b) net selling price

 c) invoice price 

 d) list price


c) invoice price



 (4) If x, y and z are in proportion, then:

 a) x : y : : z : x 

 b) x : y : : y : z 

 c) x : y : : z : y 

 d) x : z : : y : z


b) x : y : : y : z



 (5) The value of m, if 3, 18, m, 42 are in proportion is:

 a) 6 

 b) 54 

 c) 7 

 d) none of these


c) 7



 (6) The fourth proportional to 21, 30 and 35 is ------------.

 a) 50 

 b) 18 

 c) 24.5 

 d) none of these


a) 50



 (7) 5% of 5% of Rs. 100 is

 a) Rs. 0.25 

 b) Rs. 0.50 

 c) Rs. 10 

 d) Rs. 25


a) Rs. 0.25



 (8) If net selling price exceeds the cost price, then there is ------------.

 a) profit 

 b) no profit no loss 

 c) loss 

 d) none of these


a) profit



 (9) In annuity calculations, the interest is usually taken as -----------.

a) simple interest per annum 

 b) interest compounded every year 

c) interest compounded continuously 

 d) none of the above


b) interest compounded every year



 (10) What should be the rate of interest per annum if interest is calculated quarterly?

 a)reduced to half 

 b) reduced to one fourth 

c) doubled 

d) becomes four times


b) reduced to one fourth





 (11) The list price minus the trade discount is called the -----------

 a) Invoice price 

 b) Net selling price 

 c) Reduced GST price 

 d) None of these


a) Invoice price



 (12) Mutual Fund schemes are first offered to investors through

 a) Stock exchange 

 b) New Fund Offer 

c) Initial Public Offer 

 d) AMFI


b) New Fund Offer



 (13) Ture or False. 

The triplicate ratio of 1:8 is 1:2.


False



 (14) An agent who guarantees the collection of dues from the customer is called ------------.

 a) guarantor 

 b) factor 

 c) del credere 

 d) none of these


c) del credere



 (15) The difference between the market value and the net worth of a business is -----------.

 a) profit 

 b) goodwill 

 c) loss 

 d) none of these


b) goodwill



 (16) An agent may get a commission in a deal for -----------.

 a) buying 

 b) selling 

 c) both (a) and (b) 

 d) none of these


c) both (a) and (b)



 (17) True or False. 

Commission is usually charged as a percentage of the net selling price


True



 (18) True or False. 

The present value is always greater than future value.


False



 (19) (Cost price - selling) price is equal to

 a) Discount 

 b) Market price 

 c) Profit 

 d) loss


d) loss



 (20) Profit is usually considered as a percentage on the cost price and loss is usually considered as percentage on the ---------------.

 a) cost price 

 b) net selling price 

 c) invoice price 

 d) list price


a) cost price





 (21) On what a discount is calculated?

 a) Selling price 

 b) Cost price 

 c) Marked price 

 d) None of these


c) Marked price



 (22) On which of the following percent profit or profit loss is calculated?

 a) S.P. 

 b) C.P. 

 c) market price 

 d) none of these


b) C.P.



 (23) The price at which a share is sold on the stock exchange is called -----------.

 a) Off-line price 

 b) Face value 

 c) Stock price 

 d) Market price


d) Market price



 (24) A cycle is bought for Rs.900 and sold for Rs.1080, find the gain percent?

 a) 16% 

 b) 20% 

 c) 18% 

 d) 25%


b) 20%



 (25) What time period is taken when interest is calculated half yearly?

a) twice as much as the number of given years 

 b) half as much as the number of given years 

c) same as the number of given years 

 d) none of these


a) twice as much as the number of given years



 (26) If a handbag is priced at ₹ 200 and is sold at ₹ 160 then the percentage discount is ---------

 a) 24% 

 b) 22% 

 c) 18% 

 d) 20%


d) 20%



 (27) A deduction that is offered on the market price or the list price of items by the seller to the purchaser is called ----------

 a) selling price 

 b) discount 

 c) profit 

 d) none of above


b) discount



 (28) What is the marked price of a fan sold for Rs 1,128 after 6% discount?

 a) Rs 1,500 

 b) Rs 1,440 

 c) Rs 1,200 

 d) Rs 1,260


c) Rs 1,200



 (29) How much is 2.5% commission on land price of Rs 2,50,000?

 a) Rs 5,000 

 b) Rs 6,250 

 c) Rs 4,500 

 d) Rs 7,500


b) Rs 6,250



 (30) What is the full form of NAV

 a) Net Assessment Value 

 b) National Asset Value 

c) Net Asset Value 

 d) National Asset variation


c) Net Asset Value




 (31) The value of one unit of investment in Mutual fund is called the_______________.

 a) Net Asset Value 

 b) Issue value 

c) Market value 

 d) Gross Asset value


a) Net Asset Value



 (32) SIP stands for ______________.

 a) Systematic investment plan 

 b) Simple investment plan 

c) Simplified investment programme 

 d) Single investment plan


a) Systematic investment plan



 (33) If the market value of share is less than its face value, then the share is said to be ------------.

 a) At a premium 

 b) At par 

c) Below par 

 d) None of these


c) Below par



 (34) 8% share means ________.

 a) Current share price is 8% of FV 

 b) Dividend is 8% of FV 

c) Profit of the company is 8% 

 d) None of these


b) Dividend is 8% of FV



 (35) If selling price is doubled, the profit triples. Find the profit percent

 a) 66.6666... 

 b) 100 

 c) 105.3333... 

 d) 120


b) 100



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