New ! Business Maths and Statistics MCQ Practise Tests



11th Standard English Medium Business Maths Subject Financial Mathematics Book Back 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Business Maths

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. A person brought 100 shares of 9% stock of face value Rs. 100, at a discount of 10%, then the stock purchased is _______.

    (a)

    Rs. 9000

    (b)

    Rs. 6000

    (c)

    Rs. 5000

    (d)

    Rs. 4000

  2. The annual income on 500 shares of face value Rs.100 at 15% is _______.

    (a)

    Rs. 7,500

    (b)

    Rs. 5,000

    (c)

    Rs. 8,000

    (d)

    Rs. 8,500

  3. If ‘a’ is the annual payment, ‘n’ is the number of periods and ‘i’ is compound interest for Rs. 1 then future amount of the annuity is  _______.

    (a)

    A = \(\frac{a}{i}(1+i)(1+i)^n-1]\)

    (b)

    A = \(\frac{a}{i}[(1+i)^n-1]\)

    (c)

    P = \(\frac{a}{i}\)

    (d)

    P = \(\frac{a}{i}(1+i)[1-(1+i)^{-n}]\)

  4. An annuity in which payments are made at the beginning of each payment period is called _______.

    (a)

    Annuity due

    (b)

    An immediate annuity

    (c)

    perpetual annuity

    (d)

    none of these

  5. Example of contingent annuity is _______.

    (a)

    Installments of payment for a plot of land

    (b)

    An endowment fund to give scholarships to a student

    (c)

    Personal loan from a bank

    (d)

    All the above

*****************************************

Reviews & Comments about 11th Standard English Medium Business Maths Subject Financial Mathematics Book Back 1 Mark Questions with Solution Part - II

Write your Comment