Mock Exam

Quantative

By. Ghulam Nabi

Q.1 Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded
annually.

A. Rs. 610
B. Rs. 612
C. Rs. 614
D. Rs. 616
Q.2 What will be the compound interest on Rs. 25000 after 3 years at the rate of 12 % per
annum

A. Rs 10123.20
B. Rs 10123.30
C. Rs 10123.40
D. Rs 10123.50
Q.3 Find the compound interest on Rs.16,000 at 20% per annum for 9 months,
compounded quarterly
A. Rs 2520
B. Rs 2521
C. Rs 2522
D. Rs 2523
Q.4 The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
A. Rs 155.25
B. Rs 156.25
C. Rs 157.25
D. Rs 158.25
Q.5 At what rate of compound interest per annum will a sum of Rs. 1200 become Rs.
1348.32 in 2 years
A. 3%
B. 4%
C. 5%
D. 6%
Q.6 The least number of complete years in which a sum of money put out at 20% compound
interest will be more than doubled is
 A. 4 years
B. 5 years
C. 6 years
D. 7 years
Q.7 In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually
A. 2 Years
B. 3 Years
C. 4 Years
D. 5 Years
Q.8 Effective annual rate of interest corresponding to nominal rate of 6% per annum
compounded half yearly will be
A. 6.09%
B. 6.10%
C. 6.12%
D. 6.14%
Q.9 Any hypothesis which is tested for the purpose of rejection under the assumption that it
is true is called:

A. Null hypothesis
B. Alternative hypothesis
C. Statistical hypothesis
D. Composite hypothesis

Q.10 If the critical region is located equally in both sides of the sampling distribution of test-
statistic, the test is called:

A. One tailed
B. Two tailed
C. Right tailed
D. Left tailed

Q.11 Test of hypothesis Ho: µ = 50 against H1: µ > 50 leads to:

A. Left-tailed test
B. Right-tailed test
C. Two-tailed test
D. Difficult to tell

Q. 12 Test of hypothesis Ho: µ = 20 against H1: µ < 20 leads to:

A. Right one-sided test

 B. Left one-sided test
C. Two-sided test
D. All of the above

Q.13 Testing Ho: µ = 25 against H1: µ ≠ 20 leads to:

A. Two-tailed test
B. Left-tailed test
C. Right-tailed test
D. Neither (a), (b) and (c)

Q.14 The range of test statistic-t is:

A. 0 to ∞
B. 0 to 1
C. -∞ to +∞
D. -1 to +1

Q.15 Critical region is also called:

A. Acceptance region
B. Rejection region
C. Confidence region
D. Statistical region

Q.16 An example in a two-sided alternative hypothesis is:

A. H1: µ < 0
B. H1: µ > 0
C. H1: µ ≥ 0
D. H1: µ ≠ 0

Q.17 α / 2 is called:

A. One tailed significance level

B. Two tailed significance level
C. Left tailed significance level
D. Right tailed significance level

Q.18 When σ is known, the hypothesis about population mean is tested by:

A. t-test
B. Z-test
C. χ 2 -test
D. F-test
Q.20 Given µo = 130, = 150, σ = 25 and n = 4; what test statistics is appropriate?

A. t
B. Z
C. χ2
D. F

Q.21 Student’s t-test is applicable only when:

A. n≤30 and σ is unknown

B. n>30 and σ is unknown
C. n=30 and σ is known
D. All of the above

Q.22 Median of 7, 6, 4, 8, 2, 5, 11 is

A. 6
B. 12
C. 11
D. 4

Q.23 Number which occurs most frequently in a set of numbers is

A. mean
B. median
C. mode
D. None of above

Q.24 Mode of 12, 17, 16, 14, 13, 16, 11, 14 is

A. 13
B. 11
C. 14
D. 14 and 16

Q.25 If mean of 6 numbers is 41 then sum of these numbers is

A. 250
B. 246
C. 134
D. 456
Q.26 The frequency distribution of the hourly wage rate of 60 employees of a paper mill is as
follows:

Wage rate (Rs.) 54----56 56----58 58----60 60----62 62----64

Number of workers 10 10 20 10 10

The mean wage rate is:

A. Rs. 58.60
B. (b) Rs. 59.00
C. (c) Rs. 57.60
D. (d) Rs. 57.10

Q.27 The midpoint of the values after they have been ordered from the smallest to the largest
or the largest to the smallest is called:

A. Mean
B. Median
C. Lower quartile
D. Upper quartile

Q.28 We must arrange the data before calculating:

A. Mean
B. Median
C. Mode
D. Geometric mean

Q.29 The frequency distribution of the hourly wages rate of 100 employees of a paper mill is
as follows:

Wage rate (Rs.) 54----56 56----58 58----60 60----62 62----64

Number of workers 20 20 20 20 20

The median wage rate is:

A. Rs.55
B. Rs.57
C. Rs.56
D. Rs.59

Q.30 The mode or model value of the distribution is that value of the variate for which
frequency is:
 A. Minimum
B. Maximum
C. Odd number
D. Even number

Q.31 A measurement that corresponds to largest frequency in a set of data is called:

A. Mean
B. Median
C. Mode
D. Percentile

Q.32 Mode of the series 0, 0, 0, 2, 2, 3, 3, 8, 10 is:

A. 0
B. 2
C. 3
D. No mode

Q.33 Taking the relevant root of the product of all non-zero and positive values are called:

A. Arithmetic mean
B. Harmonic mean
C. Geometric mean
D. Combined mean

Q.34 The best average in percentage rates and ratios is:

A. Arithmetic mean
B. Lower and upper quartiles
C. Geometric mean
D. Harmonic mean

Q.35 The suitable average for computing average percentage increase in population is:

A. Geometric mean
B. Harmonic mean
C. Combined mean
D. Population mean

Q.36 Geometric mean of 2, 4, 8 is:

A. 6
B. 4
C. 14/3
 D. 8

Q.37 Find the second derivative of x3 – 5×2 + x = 0

A. 10x – 5
B. 6x – 10
C. 3x + 10
D. 3×2 – 5x

Q.38 A process by which we estimate the value of dependent variable on the basis of one or
more independent variables is called:

A. Correlation
B. Regression
C. Residual
D. Slope

Q.39 In simple regression equation, the numbers of variables involved are:

A. 0
B. 1
C. 2
D. 3

Q.40 The straight line graph of the linear equation Y = a + bX, slope is horizontal if:

A. b=0
B. b≠0
C. b=1
D. a=b

Q.41 If Y = 2 - 0.2X, then the value of Y intercept is equal to:

A. -0.2
B. 2
C. 0.2X
D. All of the above

Q.42 In the regression equation Y = a+bX, the Y is called:

A. Independent variable
B. Dependent variable
C. Continuous variable
D. None of the above
Q.43 When bXY is positive, then byx will be:

A. Negative
B. Positive
C. Zero
D. One

Q.44 If byx = -2 and rxy= -1, then bxy is equal to:

A. -1
B. -2
C. 0.5
D. -0.5

Q.45 If byx = -0.8 and bxy = -0.2, then ryx is equal to:

A. -0.2
B. -0.4
C. 0.4
D. -0.8

Q.45 A perfect positive correlation is signified by:

A. 0
B. -1
C. +1
D. -1 to +1

Q. 46 Joint probability of independent events J and K is equal to:

A. P(J) * P(K)
B. P(J) + P(K)
C. P(J) * P(K) + P(J-K)
D. P(J) * P(K) - P(J * K)

Q.47 Formula to calculate standardized normal random variable is

A. x-μ⁄σ
B. x+μ⁄σ
C. x-σ⁄μ
D. x+σ⁄μ
Q.48 Binomial distribution has parameters

A. Three
B. Two
C. One
D. Four

Q.49 Successive trials in binomial distribution are

A. Dependent
B. Independent
C. Equally Likely
D. Mutually Exclusive

Q.50 Probability of failure in binomial distribution is denoted by

A. p = q +1
B. p=q-1
C. q=1+p
D. q=1–p