1.Successive discounts of 20% and 10% are equivalent to a single discount of
A 10%
B 30%
C 28%
D 15%
E None of the above
Correct Answer C
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2. By selling a product at Rs.2,400 a person incurs 25% loss. For earning 25% profit at what rate must he sell the product?
A 4000
B 4500
C 5000
D 5500
E None of the above
Correct Answer A
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3. What fraction of consumption must a person reduce so that the expenditure remains unchanged if price of wheat increases by 50%?
A 1/3
B 1/5
C 2/3
D 2/5
E None of the above
Correct Answer A
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4. Two complementary angles are in the ratio 7: 11. The angle with bigger measurement is -------.
A 55
B 35
C 45
D 65
E None of the above
Correct Answer A
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5. What is the period of time taken for principal amount of Rs.450 to fetch Rs. 81 as interest, at a rate of 4.5% per annum si
A 2 years
B 3 years
C 4 years
D 5 years
E None of the above
Correct Answer C
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6. An article was sold for Rs. 935 at a profit of 10%. What is the cost price of the article?
A Rs.850
B Rs.500
C Rs.800
D Rs.925
E None of the above
Correct Answer A
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7. A vendor bought 6 lemons for Rs 12. The price at which he must sell one lemon to gain 20% is Rs
A 2
B 3.5
C 4
D 2.4
E None of the above
Correct Answer D
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8. A shopkeeper gave a 15% discount on an article and sold it for Rs. 5270. Find the list price (MRP) of the article.
A Rs. 10,500
B Rs.7,800
C Rs.6,200
D Rs. 12,200
E None of the above
Correct Answer C
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9. The selling price of 2 brands of OTG-'A' and 'B' are in the ratio of 9:5. Brand 'A' is sold at a price that is Rs.4,200 more than brand 'B'. What is the selling price of Brand 'B'?
A 4,100
B 4,650
C 5,250
D 5,800
E None of the above
Correct Answer C
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10.The price of newspaper was increased by 20% which affected the volume of sale, and decreased in sale of number of copies by 10%. What is the effect on income?
A Increase by 4%
B Increase by 8%
C Decrease by 4%
D Decrease by 8%
E None of the above
Correct Answer B
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11. Which factor is likely to cause a leftward shift in the supply curve of a good?
A A decrease in the price of the good
B An increase in technology used in production
C A reduction in costs of production
D An increase in the price of inputs
E None of the above
Correct Answer D
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12. If the price of coffee increases, what is likely to happen to the demand for tea, assuming tea is a substitute for coffee?
A Demand for tea will decrease
B Demand for tea will increase
C Demand for tea will remain unchanged
D Demand for tea will fluctuate unpredictably
E None of the above
Correct Answer B
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13. Which factor is not typically considered a shift factor of demand?
A Income levels
B Prices of related goods
C Consumer preferences
D The cost of raw materials
E None of the above
Correct Answer D
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14. Which is not a factor of production?
A Labour
B Capital
C Enterprise
D Land
E None of the above
Correct Answer E
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15. What is typically the main target of 'contractionary monetary policy'?
A To decrease money supply and increase interest rates
B To increase government spending
C To reduce taxes to boost consumer spending
D To increase money supply and decrease interest rates
E None of the above
Correct Answer A
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