**STATISTICS-PAGE 3**

**STATISTICS MCQ- PAGE 3**

1:-A plan expressed in quantitative terms is known as

A:-Strategy

B:-Policy

C:-Procedure

D:-Budget

Ans: D

2:-For all normal goods, income elasticity of demand is

A:-Negative

B:-Equal to unity

C:-Positive

D:-None of the above

Ans: C

3:-Goods withdrawn by the proprietor for his personal use are

A:-Added to purchases

B:-Deducted from purchases

C:-Deducted from sales

D:-Treated as sales at cost price

Ans: B

4:-TQM's major emphasis is on

A:-Company profitability

B:-Customer delight

C:-Product quality

D:-Employee training

Ans: C

5:-Packing cost is an item of

A:-Distribution overhead

B:-Factory overhead

C:-Administrative overhead

D:-Selling overhead

Ans: D

6:-Civil liability of a company auditor is for

A:-Negligence

B:-Wilfully making a false statement

C:-Mis-statement in prospectus

D:-All of the above

Ans: A

7:-Pareto's law is concerned with

A:-JIT system

B:-FSN analysis

C:-VED analysis

D:-ABC analysis

Ans: D

8:-A company can purchase its own

A:-Equity shares

B:-Preference shares

C:-Debentures

D:-All the above

Ans: D

9:-360 degree method relates to

A:-Organization climate

B:-Performance appraisal

C:-Employee morale

D:-Retrenchment

Ans: B

10:-Which of the following is not a capital asset under capital gains head of income ?

A:-Stock in trade

B:-Goodwill of the business

C:-Agricultural land in Thiruvananthapuram city

D:-Jewellery

Ans: A

11:-Garner vs Murray relates to

A:-Deficiency

B:-Insolvency

C:-Contract

D:-Hire purchase

Ans: B

12:-Independent events A and B would be consistent with which of the following statements

A:-P(A) = .3, P(B) = .5, P(A ` nn` B) = .4

B:-P(A) = .4, P(B) = .5, P(A ` nn` B) = .2

C:-P(A) = .5, P(B) = .4, P(A ` nn` B) = .3

D:-P(A) = .4, P(B) = .3, P(A ` nn` B) = .5

Ans: B

13:-If each of two independent file servers has a reliability of 93% and either alone can run the web site, then the overall web site availability is

A:-0.9951

B:-0.8649

C:-0.9300

D:-0.9522

Ans: A

14:-A major airline company is concerned that its proportion of late arrivals has substantially increased in the past month. Historical data shows that on the average 18% of the company airplanes have arrived late. In a random sample of 1240 airplanes, 310 airplanes have arrived late. If we are conducting a hypothesis test of a single proportion to determine if the proportion of late arrivals has increased. What is the value of the calculated test statistic ?

A:-3.208

B:-6.416

C:--3.208

D:--6.416

Ans: B

15:-The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with a mean of 3.2 pounds and standard deviation of 0.84 pounds. If a sample of 16 fish is taken, what would the standard error of the mean weight equal ?

A:-0.200

B:-0.053

C:-0.210

D:-0.800

Ans: C

16:-A type I error occurs when we

A:-Reject a false null hypothesis B:-Reject a true null hypothesis

C:-Don't reject a false null hypothesis D:-Don't reject a true null hypothesis

Ans: B

17:-We have created a 95% confidence interval population mean for with the result (8, 13).

What conclusion will we make if we test `H_(0)` : population mean = 15 vs. `H_(1)` : population mean `!=` 15 at alpha =

0.05 ?

A:-Reject `H_(0)` in favor of `H_(1)`

B:-Accept `H_(0)` in favor of `H_(1)`

C:-Fail to reject `H_(0)` in favor of `H_(1)`

D:-We cannot tell what our decision will be from the information given.

Ans: A

18:-Given the correlation coefficient measuring the association between X and Y is 0.70, what can you say about the coefficient of determination ?

A:-0.49

B:-0.70

C:-0.90

D:-Cannot be determined

Ans: A

19:-According to a survey of the top 10 employers in a major city in the Midwest, a worker spends an average of 413 minutes a day on the job. Suppose the standard deviation is 25 minutes and the time spent is approximately a normal distribution. What are the times that approximately 95.45% of all workers will fall ?

A:-[388 438]

B:-[338 488]

C:-[363 463]

D:-[338 438]

Ans: C

20:-When using the normal distribution to obtain the bounds for a 99.73 percent of the values in a population, the interval generally will be __________ the interval obtained for the same percentage if Chebyshev's theorem is assumed (empirical rule).

A:-Wider than

B:-Narrower than

C:-The same as

D:-Greater than or less than (depending on the size of the SD)

Ans: A

A:-Strategy

B:-Policy

C:-Procedure

D:-Budget

Ans: D

2:-For all normal goods, income elasticity of demand is

A:-Negative

B:-Equal to unity

C:-Positive

D:-None of the above

Ans: C

3:-Goods withdrawn by the proprietor for his personal use are

A:-Added to purchases

B:-Deducted from purchases

C:-Deducted from sales

D:-Treated as sales at cost price

Ans: B

4:-TQM's major emphasis is on

A:-Company profitability

B:-Customer delight

C:-Product quality

D:-Employee training

Ans: C

5:-Packing cost is an item of

A:-Distribution overhead

B:-Factory overhead

C:-Administrative overhead

D:-Selling overhead

Ans: D

6:-Civil liability of a company auditor is for

A:-Negligence

B:-Wilfully making a false statement

C:-Mis-statement in prospectus

D:-All of the above

Ans: A

7:-Pareto's law is concerned with

A:-JIT system

B:-FSN analysis

C:-VED analysis

D:-ABC analysis

Ans: D

8:-A company can purchase its own

A:-Equity shares

B:-Preference shares

C:-Debentures

D:-All the above

Ans: D

9:-360 degree method relates to

A:-Organization climate

B:-Performance appraisal

C:-Employee morale

D:-Retrenchment

Ans: B

10:-Which of the following is not a capital asset under capital gains head of income ?

A:-Stock in trade

B:-Goodwill of the business

C:-Agricultural land in Thiruvananthapuram city

D:-Jewellery

Ans: A

11:-Garner vs Murray relates to

A:-Deficiency

B:-Insolvency

C:-Contract

D:-Hire purchase

Ans: B

12:-Independent events A and B would be consistent with which of the following statements

A:-P(A) = .3, P(B) = .5, P(A ` nn` B) = .4

B:-P(A) = .4, P(B) = .5, P(A ` nn` B) = .2

C:-P(A) = .5, P(B) = .4, P(A ` nn` B) = .3

D:-P(A) = .4, P(B) = .3, P(A ` nn` B) = .5

Ans: B

13:-If each of two independent file servers has a reliability of 93% and either alone can run the web site, then the overall web site availability is

A:-0.9951

B:-0.8649

C:-0.9300

D:-0.9522

Ans: A

14:-A major airline company is concerned that its proportion of late arrivals has substantially increased in the past month. Historical data shows that on the average 18% of the company airplanes have arrived late. In a random sample of 1240 airplanes, 310 airplanes have arrived late. If we are conducting a hypothesis test of a single proportion to determine if the proportion of late arrivals has increased. What is the value of the calculated test statistic ?

A:-3.208

B:-6.416

C:--3.208

D:--6.416

Ans: B

15:-The owner of a fish market has an assistant who has determined that the weights of catfish are normally distributed, with a mean of 3.2 pounds and standard deviation of 0.84 pounds. If a sample of 16 fish is taken, what would the standard error of the mean weight equal ?

A:-0.200

B:-0.053

C:-0.210

D:-0.800

Ans: C

16:-A type I error occurs when we

A:-Reject a false null hypothesis B:-Reject a true null hypothesis

C:-Don't reject a false null hypothesis D:-Don't reject a true null hypothesis

Ans: B

17:-We have created a 95% confidence interval population mean for with the result (8, 13).

What conclusion will we make if we test `H_(0)` : population mean = 15 vs. `H_(1)` : population mean `!=` 15 at alpha =

0.05 ?

A:-Reject `H_(0)` in favor of `H_(1)`

B:-Accept `H_(0)` in favor of `H_(1)`

C:-Fail to reject `H_(0)` in favor of `H_(1)`

D:-We cannot tell what our decision will be from the information given.

Ans: A

18:-Given the correlation coefficient measuring the association between X and Y is 0.70, what can you say about the coefficient of determination ?

A:-0.49

B:-0.70

C:-0.90

D:-Cannot be determined

Ans: A

19:-According to a survey of the top 10 employers in a major city in the Midwest, a worker spends an average of 413 minutes a day on the job. Suppose the standard deviation is 25 minutes and the time spent is approximately a normal distribution. What are the times that approximately 95.45% of all workers will fall ?

A:-[388 438]

B:-[338 488]

C:-[363 463]

D:-[338 438]

Ans: C

20:-When using the normal distribution to obtain the bounds for a 99.73 percent of the values in a population, the interval generally will be __________ the interval obtained for the same percentage if Chebyshev's theorem is assumed (empirical rule).

A:-Wider than

B:-Narrower than

C:-The same as

D:-Greater than or less than (depending on the size of the SD)

Ans: A

21:-Find the value of m if the function f(x) =`{(3 if - oo < x< 1),(mx + 5 if 1 <= x < oo):}` is continuous at x = 1.

A:-8

B:-2

C:--2

D:-3

Ans: C

22:-Which of the following real valued functions f : R `->` R is not differentiable at x = 0 ?

A:-f(x) = 3

B:-f(x) = |x|

C:-f(x) = |x - 1|

D:-f(x) = `e^(x)`

Ans: B

23:-If the complex function f is defined as f(z) = `(z)/(z-3)` find `int_(C)` f(z)dz if C is the circle

|z - 1| = 1.

A:-0

B:-2`pi`i

C:-3

D:-1

Ans: A

24:-Which of the following is not a solution of the differential equation y" - 5y' + 6y = 0 ?

A:-`e^(2x)`

B:-`e^(x)`

C:-0

D:-`2e^(2x) + e^(3x)`

Ans: B

25:-In which of the following intervals is the function f(x) = `2x^(3) - 3x^(2) + 2` is increasing ?

A:-(-`oo` , 1)

B:-(0, 1)

C:-(`(1)/(2)`, 2)

D:-(2, 3)

Ans: D

26:-How many generators are there for the cyclic group `Z_(4)` ?

A:-1

B:-2

C:-3

D:-4

Ans: B

27:-Find the value of `lim_(x->oo)` `(4x^(2)-5x+4)/(2x^(2)+x-2)`.

A:-`oo`

B:-0

C:--2

D:-2

Ans: D

28:-If the function f is continuous and `int^(2)_1`f(x)dx = 3 and `int^(4)_1` f(x)dx = 7 then the value of

`int^(4)_2` f(x)dx =

A:-4

B:--4

C:-10

D:--10

Ans: A

29:-Which of the following is not an eigen value of the matrix

`[[2 1 3],[0 1 0], [0 1 4]]` ?

A:-1

B:-2

C:-3

D:-4

Ans: C

30:-` int^((pi)/(2)` `cos^(4)` x dx =` _0`

A:-`(pi)/(4)`

B:-`(pi^(2))/(16)`

C:-`(3pi^(2))/(16)`

D:-`(3pi^)/(16)`

Ans: D

31:-The smallest number with 15 divisors is

A:-5625

B:-324

C:-144

D:-2025

Ans: C

32:-The remainder when `2^(1000)` is divided by 17 is

A:-1

B:-3

C:-7

D:-16

Ans: A

33:-If `alpha` , `beta` d `gamma` are the roots of the `x^(3)+px^(2)+qx+r=0` then the value of `alpha^(2)+beta^2` `+ gamma^(2) =` ` `

A:-`p^(2)-2q`

B:-`p^(2)+2q`

C:-`-p^(2)+2q`

D:-`-p^(2)-2q`

Ans: A

34:-Which of the following pairs of vectors are perpendicular to each other ?

A:-3i + 4j - 5k and 4i + 3j + 2k B:-2i + 3j - k and 3i + 2j + k

C:-2i - 3j + k and 2i + 3j + k D:-4i + 3j - 2k and i + 4j + 8k

Ans: D

35:-If Z represents the set of all integers and +,. represents usual addition and multiplication of integers respectively, which of the following is not a group ?

A:-(Z, +)

B:-(Z, .)

C:-(Z - {0}, .)

D:-None of these

Ans: B

A:-8

B:-2

C:--2

D:-3

Ans: C

22:-Which of the following real valued functions f : R `->` R is not differentiable at x = 0 ?

A:-f(x) = 3

B:-f(x) = |x|

C:-f(x) = |x - 1|

D:-f(x) = `e^(x)`

Ans: B

23:-If the complex function f is defined as f(z) = `(z)/(z-3)` find `int_(C)` f(z)dz if C is the circle

|z - 1| = 1.

A:-0

B:-2`pi`i

C:-3

D:-1

Ans: A

24:-Which of the following is not a solution of the differential equation y" - 5y' + 6y = 0 ?

A:-`e^(2x)`

B:-`e^(x)`

C:-0

D:-`2e^(2x) + e^(3x)`

Ans: B

25:-In which of the following intervals is the function f(x) = `2x^(3) - 3x^(2) + 2` is increasing ?

A:-(-`oo` , 1)

B:-(0, 1)

C:-(`(1)/(2)`, 2)

D:-(2, 3)

Ans: D

26:-How many generators are there for the cyclic group `Z_(4)` ?

A:-1

B:-2

C:-3

D:-4

Ans: B

27:-Find the value of `lim_(x->oo)` `(4x^(2)-5x+4)/(2x^(2)+x-2)`.

A:-`oo`

B:-0

C:--2

D:-2

Ans: D

28:-If the function f is continuous and `int^(2)_1`f(x)dx = 3 and `int^(4)_1` f(x)dx = 7 then the value of

`int^(4)_2` f(x)dx =

A:-4

B:--4

C:-10

D:--10

Ans: A

29:-Which of the following is not an eigen value of the matrix

`[[2 1 3],[0 1 0], [0 1 4]]` ?

A:-1

B:-2

C:-3

D:-4

Ans: C

30:-` int^((pi)/(2)` `cos^(4)` x dx =` _0`

A:-`(pi)/(4)`

B:-`(pi^(2))/(16)`

C:-`(3pi^(2))/(16)`

D:-`(3pi^)/(16)`

Ans: D

31:-The smallest number with 15 divisors is

A:-5625

B:-324

C:-144

D:-2025

Ans: C

32:-The remainder when `2^(1000)` is divided by 17 is

A:-1

B:-3

C:-7

D:-16

Ans: A

33:-If `alpha` , `beta` d `gamma` are the roots of the `x^(3)+px^(2)+qx+r=0` then the value of `alpha^(2)+beta^2` `+ gamma^(2) =` ` `

A:-`p^(2)-2q`

B:-`p^(2)+2q`

C:-`-p^(2)+2q`

D:-`-p^(2)-2q`

Ans: A

34:-Which of the following pairs of vectors are perpendicular to each other ?

A:-3i + 4j - 5k and 4i + 3j + 2k B:-2i + 3j - k and 3i + 2j + k

C:-2i - 3j + k and 2i + 3j + k D:-4i + 3j - 2k and i + 4j + 8k

Ans: D

35:-If Z represents the set of all integers and +,. represents usual addition and multiplication of integers respectively, which of the following is not a group ?

A:-(Z, +)

B:-(Z, .)

C:-(Z - {0}, .)

D:-None of these

Ans: B

36:-If tan A = `(1)/(5)` and tan B = `(2)/(3), ` then A + B =

A:-` `30°

B:-60°

C:-90°

D:-45°

Ans: D

37:-If `((n),(3))` = `((n),(15))`, then n =

A:-12

B:-18

C:-5

D:-None of these

Ans: B

38:-The local maximum point of the function f(x) = `x^(3)-3x^(2)-9x+4` is at

A:-x = 1

B:-x = -3

C:-x = -1

D:-x = 3

Ans: C

39:-Which of the following is true about the real function f(x) = [x], -5 `<=` x `<=` 5 ?

A:-f(x) is a continuous function

B:-lim f(x) exist at x = 0

C:-f(x) has only finitely many discontinuities

D:-f(x) has infinitely many discontinuities

Ans: C

40:-The period of the function f(x) = sin 2x is

A:-`pi`

B:-`(pi)/(2)`

C:-`(pi)/(4)`

D:-`2pi`

Ans: A

41:-The absolute value of the cross elasticity of demand of two goods X and Y are zero, then the goods are

A:-Substitutes

B:-Complementary

C:-Independent

D:-None of the above

Ans: C

42:-Which one of the following is a measure of monopoly power of the firm ?

A:-Lerner Index

B:-Fisher Index

C:-Herfindahl Index

D:-Human Development Index

Ans: A

43:-The absolute value of the slope of the isoquant is called

A:-Marginal rate of substitution

B:-Marginal rate of productivity

C:-Marginal rate of product transformation

D:-Marginal rate of technical substitution

Ans: D

44:-Which of the following degree of price discrimination is a case of charging a different price in different markets?

A:-First degree

B:-Second degree

C:-Third degree

D:-Fourth degree

Ans: C

45:-Economic values expressed in current prices are termed as

A:-Real values

B:-Nominal values

C:-Deflator

D:-Constant price

Ans: B

46:-The interest rate is determined by the intersection between the supply of loanable funds and the demand for loanable funds is given by

A:-Keynes

B:-Keynesians

C:-Neoclassicals

D:-Post Keynesians

Ans: C

47:-The purchasing power parity theory is associated with

A:-W. W. Leonitief

B:-Gustav cassel

C:-J. B. Say

D:-Alexander Hamilton

Ans: B

48:-The long run supply curve of a decreasing cost industry under perfect competition is

A:-Horizontal

B:-Vetical

C:-Positively sloped

D:-Negatively sloped

Ans: D

49:-The book 'Development as Freedom' is written by

A:-Jagdish Bhagwati

B:-Amartya Sen

C:-Vakil and Brahmananda

D:-C. Rangarajan

Ans: B

50:-The 'ratchet' effect is related to which of the following consumption hypothesis

A:-Permanant income hypothesis

B:-Life cycle hypothesis

C:-Relative income hypothesis

D:-Absolute income hypothesis

Ans: C

51:-Equal treated equally in taxation leads to

A:-Vertical equity

B:-Horizontal equity

C:-Real equity

D:-None of these

Ans: B

52:-Gilt-edged market deals with

A:-Currency notes

B:-Gold

C:-Silver

D:-Govt. securities

Ans: D

53:-Which one of the following are the cost of inflation ?

A:-Menu costs

B:-Shoe leather costs

C:-Reduction in standard of living

D:-All the above

Ans: D

54:-The ratio of the change in the overall money supply to a given change in the monetary base is called

A:-Money multiplier

B:-Required reserve ratio

C:-Deposit ratio

D:-Income multiplier

Ans: A

55:-If the accommodating capital is zero in the balance of payments of a country, there will be

A:-Deficit in the balance of payments

B:-Surplus in the balance of payment

C:-Equilibrium in the balance of payments

D:-Disequilibrium in the balance of payments

Ans: C

56:-The rate at which RBI borrows from commercial banks is called

A:-Call money rate

B:-Bank rate

C:-Repo rate

D:-Reverse Repo rate

Ans: D

57:-NITI Aayog is a replacement of

A:-Planning Commission

B:-Finance Commission

C:-Social Justice Commission

D:-Poverty Eradication Commission

Ans: A

58:-Which one of the following is not a part of outside money ?

A:-Bank deposit

B:-Currency in circulation

C:-Gold

D:-Foreign exchange

Ans: A

59:-Which of the following is the condition of shut down point of a firm ?

A:-Price equals average total cost

B:-Price equals average variable cost

C:-Price equals average fixed cost

D:-Total cost equals total revenue

Ans: B

60:-The law of increasing state activity was propounded by

A:-Adolf Wagner

B:-Musgrave

C:-Collin Clark

D:-Keynes

Ans: A

61:-Which principle has important bearing on the capital revenue classification ?

A:-Principle of consistency

B:-Principle of full disclosure

C:-Principle of materiality

D:-Principle of conservatism

Ans: C

62:-Which of the following is used for International monetary transfer ?

A:-SWIFT

B:-NEFT

C:-RTGS

D:-None of the above

Ans: A

63:-Who developed the 4Ps of marketing ?

A:-Peter F Drucker

B:-Hanson

C:-McCarthy

D:-Abraham Maslow

Ans: C

64:-Assets appearing in the books but not having any real value are known as

A:-Fictitious assets

B:-Intangible assets

C:-Wasting assets

D:-All the above

Ans: A

65:-Employee morale relates to

A:-Experience

B:-Productivity

C:-Empathy

D:-Attitude

Ans: D

66:-Which of the following documents defines the scope of the company's activities ?

A:-Articles of association

B:-Memorandum of association

C:-Prospectus

D:-Statutory declaration

Ans: B

67:-Which of the following items is not taken into account while computing quick ratio ?

A:-Cash

B:-Bank overdraft

C:-Bank balance

D:-Sundry creditors

Ans: B

68:-The first mutual fund scheme in India was introduced by

A:-Government of India

B:-Reserve Bank of India

C:-Unit Trust of India

D:-State Bank of India

Ans: C

69:-"Student" word may be used for

A:-t-test

B:-Z-test

C:-F-test

D:-None of these

Ans: A

A:-` `30°

B:-60°

C:-90°

D:-45°

Ans: D

37:-If `((n),(3))` = `((n),(15))`, then n =

A:-12

B:-18

C:-5

D:-None of these

Ans: B

38:-The local maximum point of the function f(x) = `x^(3)-3x^(2)-9x+4` is at

A:-x = 1

B:-x = -3

C:-x = -1

D:-x = 3

Ans: C

39:-Which of the following is true about the real function f(x) = [x], -5 `<=` x `<=` 5 ?

A:-f(x) is a continuous function

B:-lim f(x) exist at x = 0

C:-f(x) has only finitely many discontinuities

D:-f(x) has infinitely many discontinuities

Ans: C

40:-The period of the function f(x) = sin 2x is

A:-`pi`

B:-`(pi)/(2)`

C:-`(pi)/(4)`

D:-`2pi`

Ans: A

41:-The absolute value of the cross elasticity of demand of two goods X and Y are zero, then the goods are

A:-Substitutes

B:-Complementary

C:-Independent

D:-None of the above

Ans: C

42:-Which one of the following is a measure of monopoly power of the firm ?

A:-Lerner Index

B:-Fisher Index

C:-Herfindahl Index

D:-Human Development Index

Ans: A

43:-The absolute value of the slope of the isoquant is called

A:-Marginal rate of substitution

B:-Marginal rate of productivity

C:-Marginal rate of product transformation

D:-Marginal rate of technical substitution

Ans: D

44:-Which of the following degree of price discrimination is a case of charging a different price in different markets?

A:-First degree

B:-Second degree

C:-Third degree

D:-Fourth degree

Ans: C

45:-Economic values expressed in current prices are termed as

A:-Real values

B:-Nominal values

C:-Deflator

D:-Constant price

Ans: B

46:-The interest rate is determined by the intersection between the supply of loanable funds and the demand for loanable funds is given by

A:-Keynes

B:-Keynesians

C:-Neoclassicals

D:-Post Keynesians

Ans: C

47:-The purchasing power parity theory is associated with

A:-W. W. Leonitief

B:-Gustav cassel

C:-J. B. Say

D:-Alexander Hamilton

Ans: B

48:-The long run supply curve of a decreasing cost industry under perfect competition is

A:-Horizontal

B:-Vetical

C:-Positively sloped

D:-Negatively sloped

Ans: D

49:-The book 'Development as Freedom' is written by

A:-Jagdish Bhagwati

B:-Amartya Sen

C:-Vakil and Brahmananda

D:-C. Rangarajan

Ans: B

50:-The 'ratchet' effect is related to which of the following consumption hypothesis

A:-Permanant income hypothesis

B:-Life cycle hypothesis

C:-Relative income hypothesis

D:-Absolute income hypothesis

Ans: C

51:-Equal treated equally in taxation leads to

A:-Vertical equity

B:-Horizontal equity

C:-Real equity

D:-None of these

Ans: B

52:-Gilt-edged market deals with

A:-Currency notes

B:-Gold

C:-Silver

D:-Govt. securities

Ans: D

53:-Which one of the following are the cost of inflation ?

A:-Menu costs

B:-Shoe leather costs

C:-Reduction in standard of living

D:-All the above

Ans: D

54:-The ratio of the change in the overall money supply to a given change in the monetary base is called

A:-Money multiplier

B:-Required reserve ratio

C:-Deposit ratio

D:-Income multiplier

Ans: A

55:-If the accommodating capital is zero in the balance of payments of a country, there will be

A:-Deficit in the balance of payments

B:-Surplus in the balance of payment

C:-Equilibrium in the balance of payments

D:-Disequilibrium in the balance of payments

Ans: C

56:-The rate at which RBI borrows from commercial banks is called

A:-Call money rate

B:-Bank rate

C:-Repo rate

D:-Reverse Repo rate

Ans: D

57:-NITI Aayog is a replacement of

A:-Planning Commission

B:-Finance Commission

C:-Social Justice Commission

D:-Poverty Eradication Commission

Ans: A

58:-Which one of the following is not a part of outside money ?

A:-Bank deposit

B:-Currency in circulation

C:-Gold

D:-Foreign exchange

Ans: A

59:-Which of the following is the condition of shut down point of a firm ?

A:-Price equals average total cost

B:-Price equals average variable cost

C:-Price equals average fixed cost

D:-Total cost equals total revenue

Ans: B

60:-The law of increasing state activity was propounded by

A:-Adolf Wagner

B:-Musgrave

C:-Collin Clark

D:-Keynes

Ans: A

61:-Which principle has important bearing on the capital revenue classification ?

A:-Principle of consistency

B:-Principle of full disclosure

C:-Principle of materiality

D:-Principle of conservatism

Ans: C

62:-Which of the following is used for International monetary transfer ?

A:-SWIFT

B:-NEFT

C:-RTGS

D:-None of the above

Ans: A

63:-Who developed the 4Ps of marketing ?

A:-Peter F Drucker

B:-Hanson

C:-McCarthy

D:-Abraham Maslow

Ans: C

64:-Assets appearing in the books but not having any real value are known as

A:-Fictitious assets

B:-Intangible assets

C:-Wasting assets

D:-All the above

Ans: A

65:-Employee morale relates to

A:-Experience

B:-Productivity

C:-Empathy

D:-Attitude

Ans: D

66:-Which of the following documents defines the scope of the company's activities ?

A:-Articles of association

B:-Memorandum of association

C:-Prospectus

D:-Statutory declaration

Ans: B

67:-Which of the following items is not taken into account while computing quick ratio ?

A:-Cash

B:-Bank overdraft

C:-Bank balance

D:-Sundry creditors

Ans: B

68:-The first mutual fund scheme in India was introduced by

A:-Government of India

B:-Reserve Bank of India

C:-Unit Trust of India

D:-State Bank of India

Ans: C

69:-"Student" word may be used for

A:-t-test

B:-Z-test

C:-F-test

D:-None of these

Ans: A

70. Skewness is the tendency of distribution depart from symmetry around the

A) Mean B) Mode

C) Median D) Standard deviation

Ans: A

71. Co-efficient of correlation is numerically marked as

A) X B) N C) M D) R

Ans: D

72. The formula for calculating mode

A) 3 Median-2 Mean B) 3 Mean-2 Median

C) Arithmatic Mean/Median D) Mean/Standard Deviation

Ans: A

A) Mean B) Mode

C) Median D) Standard deviation

Ans: A

71. Co-efficient of correlation is numerically marked as

A) X B) N C) M D) R

Ans: D

72. The formula for calculating mode

A) 3 Median-2 Mean B) 3 Mean-2 Median

C) Arithmatic Mean/Median D) Mean/Standard Deviation

Ans: A