# FYBCOM Maths MCQ with Answers: IDOL Mumbai University 2021 ## FYBCOM Maths MCQ with Answers Semester -1

Which one of the following is not a right of shareholders?

1. To receive a dividend declared by the company
2. To attend and vote a meetings
3. To receive the company’s accounts
4. To manage company’s affairs

Shares issues without any special rights attached to them are known as:

1. Ordinary shares
2. Preference shares
3. Bonus shares
4. None of these

Which among the following is printed on the share certificate?

1. Market value
2. Face value
3. Both Aand B
4. No any value is printed on the share certificate

The annual profit distributed among shareholder is called

1. Share
2. Bonus shares
3. Dividend
4. Profit

The dividend is always paid on the

1. Face value of a share
2. The market value of shares
3. both A and B
4. None of these

When the market value is more than face value, it is referred to as.

1. At par
3. At discount
4. none of these

When the market value is less than face value, its referred to as

1. At par
3. At discount
4. none of these

When the market value is equal to face value it is referred to as.

1. At par
3. At discount
4. none of these

The face value of a share

1. Changes frequently
2. Changes annually
3. Changes according to the market condition
4. Remain constant

The market value of shares

1. Changes frequently
2. Changes annually
3. Changes according to the market condition
4. Remain constant

Which of the following is least important in determining the fair market value of shares?

1. Earning and dividends per share
2. Face value per share
3. The available supply of shares and demand to purchase shares
4. Par value of shares

Brokerage is___

1. Brokers profit
2. Broker’s charges
3. Company’s profit
4. Shareholder charges

Which statement about bonus shares is true?

1. they may be issued for repayment of debenture
2. they may be issued at a premium
3. they may be issued to the holders of preference shares
4. they may be issued using the premium received from an issue of preference shares

What will result in an increase in the case of funds to a business?

1. bonus issue of shares
2. increase in authorized share capital
3. revaluation of fixed assets
4. right issue of shares

What are the different options other than cash used for distributing profits to shareholders?

1. bonus shares
2. stock split
3. stock purchased
4. all of these

A stock split is a procedure in which a stakeholder’s common stock is exchanged for preferred stock.

1. true
2. false
3. cannot say

An investment company____

1. specializes in investing funds on behalf of the financial institution
2. is a closed-ended fund that invests in real estate
3. pools fund from individual investors
4. is a specific type of bank

An investment company that will repurchase shares at any time it is called an____fund.

1. closed-ended
2. open-ended
3. public
4. none of these

An investment company that issues a fixed number of shares that can only be resold in the form open stock market is called______fund.

1. closed-ended
2. open-ended
3. public
4. none of these

Which of the following statement about mutual funds is true?

1. all mutual funds are the same___.
2. the mutual funds allowed the investor to spread the risk among the several stocks and bonds.
3. load fund does not charge a sales commission but invests in lower-quality stocks.
4. many mutual funds do not charge management fees

A mutual fund is not____

1. owned jointly by all investors
2. a company that manage the investment portfolios of high net worth individuals
3. a pool of funds used to purchase securities on behalf of investors
4. a collective investment vehicles

The “load” charged to an investor in a mutual fund is_____.

1. entry fee
2. cost of the paper on which unit certificates are printed
3. the fee the agent charges to the investor
4. the expense incurred by the fund manager for marketing mutual fund scheme

The load cannot be recovered____.

1. at the time of the investor’s entry into the fund
2. as a fixed amount each year
3. at the time the investor exist the fund
4. from the fund distribution agent

The value of load mutual fund’s assets less its liabilities divided by the number of shares outstanding is referred to as the fund’s___.

1. net asset value
2. offering price
3. open-ended value
4. closed-ended value

A fee that is charged at the time mutual fund shares are purchased by an investor it is called a_____.

1. contingent deferred sales charges
4. none of these

The maximum load that the fund can charge is determined by AMC the____.

1. AMC
2. SEBI
3. AMFI
4. distribution agents based on demand for the fund

Close-ended funds have lower cash requirements than open-end funds because____.

1. the close-ended fund has limited lifetimes
2. open-ended funds pay more taxes than closed-ended funds
3. open-ended funds tend to invest in less liquid assets
4. open-ended funds allow investors to redeem their shares at any time

Shares of closed-ended fund often sell______.

1. exactly at the net asset value
2. at a discount of the net asset value
3. at a premium to the net asset value
4. at the net asset value, plus a load fee

Shares of open-ended fund of fund trade:

1. exactly at the net asset value
2. at a discount of the net asset value
3. at a premium to the net asset value
4. at the net asset value, plus a load fee

The NAV of a mutual fund____.

1. is always constant
2. keeps going up at a steady rate
3. fluctuations with the market prices moment
4. cannot go down at all

Net Asset Value of mutual fund scheme is defined as the schemes____.

1. asset minus liabilities
2. assets per unit
3. asset minus liabilities per unit
4. none of the above

The amount required to buy 100 units of a scheme having an entry load of 1.5 % and Net Asset Value of ₹20 is____.

1. 2000
2. 2015
3. 1985
4. 2030

A scheme of mutual funds has units with a face value of ₹10 and a Net Asset Value of ₹37. The Fund declares a dividend of 35% in the scheme. The ex-dividend net asset value will be____per unit.

1. 37
2. 2
3. 33.50
4. 35.5

Find out the number of ways in which 6 rings of different types can be worn in 3 fingers?

1. 120
2. 720
3. 125
4. 729

In how many ways can 5 Man draw water from 5 taps if no tap can be used more than once?

1. 60
2. 120
3. 725
4. none of these

The number of distinct permutations that can be formed from all the letters of the word “RADAR” is___

1. 30
2. 32
3. 28
4. 21

From a group of 7 men and 6 women, five persons are to be selected to form a committee so that at least 3 men are there on the committee. In how many ways it can be done?

1. 546
2. 645
3. 735
4. 756

Out of 7 consonants and 4 vowels how many words of 3 consonants and 2 vowels can be formed?

1. 210
2. 1050
3. 25200
4. 21400

In a group of 6 boys and 4 girls, four children are to be selected. In how many different ways can they are selected such that at least one boy should be there?

1. 159
2. 194
3. 205
4. 209

In how many ways a committee, consisting of 5 men and 6 women can be formed from 8 men and 10 women?

1. 266
2. 5040
3. 11760
4. 86400

How many 4-letter words with or without meaning, can be formed out of the letters of the word, “LOGARITHM”, if repetition of letters is not allowed?

1. 40
2. 400
3. 5040
4. 2520

A company has 10 software engineers and 6 civil engineers. In how many ways can a committee of 4 engineers be formed from them such that the committee must contain exactly 1 civil engineer?

1. 800
2. 720
3. 680
4. 740

How many signals can be made using 6 different coloured flags when any number of of them can be hoisted at a time?

1. 1956
2. 1720
3. 2020
4. 1822

The number of ways of selecting 4 cards of an ordinary pack of playing cards so that exactly 3 of them are of the same denomination is____.

1. 2496
2. 2552
3. 2400
4. 2448

The number of ways in six + and 4 – signs can be arranged in the line such that no two – sign occur together is__.

1. 30
2. 35
3. 42
4. 28

There are 15 points in a plane, no two of which are in a straight line except 4, all of which are in a straight line. The number of triangles that can be formed by using these 15 points is___.

1. 404
2. 415
3. 451
4. 490

The number of the arrangement of the letters of the word BANANA in which two N’s do not appear adjacently is___.

1. 40
2. 60
3. 80
4. 100

An event manager has ten patterns of chairs and eight patterns of tables. In how many ways can he make a pair of table and chair?

1. 100
2. 80
3. 110
4. 64

How many 6 digit telephone numbers can be formed if each number starts with 35 and no digit appears more than once?

1. 720
2. 360
3. 1420
4. 1680

25 buses are running between two places P and Q. In how many ways can a person go from P to Q and return by a different bus?

1. 600
2. 576
3. 625
4. none of these

The objective of linear programming for an objective function is to____.

1. maximize or minimize
2. find inequalities
3. find feasible region
4. none of these

In linear programming, the objective function and objective constraint are____.

1. solved
2. linear

_____are expressed is n the form of inequities or equations.

1. constraints
2. objective functions
3. both A and B
4. none of these

The objective functions and constraints are the linear relationship between____.

1. variables
2. constant
3. functions
4. all of these

For linear inequalities, the solution set for a group of inequalities is classified as_____.

1. concave set
2. convex set
3. loss set
4. profit set

Which of the following is a property of all linear programming problems?

1. an alternate course of action to choose from
2. minimization of some objective
3. usage of the graph in the solution
4. sage of linear and nonlinear equations and inequalities

The graphic method can be applied to solve an LLP when there are only____variable.

1. one
2. more than one
3. two
4. three

A minimization problem can be converted into a maximization problem by changing the sign of coefficient in the____.

1. constraints
2. objective functions
3. both A and B
4. none of these

A point that satisfies all of our problems constant simultaneously is a(n)_____.

1. corner point
2. the intersection of the profit line and a constraint
3. the intersection of two or more constraints
4. none of these

The first step in formulating an LP problem is____.

1. graph the problem
2. understand the managerial problem being faced
3. identify the objective and the constraints
4. define the decision variables

LP theory states that the optimal solution to any problem will lie at____.

1. the origin
2. a corner point of the feasible region
3. the highest point of the feasible region
4. the lowest point in the feasible region

In order for a linear programming problem to have a unique solution, the solution must exist____.

1. at the intersection of the non-negativity constraints
2. at the intersection of non-negative constraint and a resources constraint
3. at the intersection of the objective function and a constraint
4. at the intersection of two or more constraints

Total profit is maximized when the objective function as a straight line on a graph is_____.

1. furthest from the origin and the tangent to the feasible region
2. nearest to the origin and tangent to the feasible region
3. nearest to the origin irrespective of the visible region

The mean the median and the mode___________.

1. Are all measures the central tendency
2. all are applicable to continuous or scale data only
3. are all suitable equivalent measure of the average, irrespective of the distribution
4. always have values that are very similar when calculated from the same data set

The variable value having a maximum frequency in a frequency distribution is called_________.

1. mean
2. median
3. mode
4. variance

Mean is a measure of_________.

1. Central value
2. dispersion
3. correlation
4. none of these

Out of all the measures of central tendency__________is, the only measures which are not unique.

1. mean
2. median
3. mode
4. variance

Which of the following is a measure of Central value?

1. median
2. standard deviation
3. mean deviation
4. quartile deviation

Which of the following measure of Central tendency is not affected by extreme values?

1. mode
2. median
3. sixth decile
4. all of these

In the case of weighted mean, the accuracy or utility of mean_______.

1. decreases
2. increases
3. is unaffected
4. none of these

The measure of central tendency which cannot be calculated with open end class in case of grouped data is________.

1. median
2. arithmetic mean
3. mode
4. third quartile

The sum of the deviations about mean is_________.

1. zero
2. minimum
3. maximum
4. one

The sum of the deviation about median is_________.

1. zero
2. minimum
3. maximum
4. one

The sum of the square of deviations about mean is________.

1. zero
2. minimum
3. maximum
4. one

Weighted mean gives higher value than unweighted mean if_________.

1. all the items have equal weights
2. larger items have higher weights and small items have lower weight
3. larger items have lower weights and smaller item have higher weights
4. none of these

If the mean is 25 and the standard deviation is 5, then CV is_________.

1. 100%
2. 50%
3. 20%
4. none of these

Which among the following is used to compare the variation or dispersion in two or more sets of data even though they are measured in different units?

1. range
2. standard deviation
3. coefficient of variation
4. mean deviation

Which among the following is used to find the consistency of performance?

1. range
2. standard deviation
3. coefficient of variation
4. mean deviation

Which of the following statements is true?

1. the standard deviation can take a negative value
2. the variance and standard deviation are always appropriate descriptive measures for any set of continuous or scale data
3. the variance and standard deviation are measures of spread or dispersion
4. if each of a set of scores is multiplied by a constant, the value of the standard deviation increases fourfold

A histogram________.

1. is a graphic representation of the frequency distribution of a continuous variable
2. is a graphic representation of the frequency distribution of the qualitative or categorical variable
3. is an alternative to a pie chart
4. is a bar chart

John has a test score of 64, which is at the 90th percentile. This means that__________.

1. 5% of people score lower than 64
2. 90 % people score lower than 64
3. 10 % of people score lower than 64
4. 90 % of people score higher than 64

The measures of dispersion can never be________.

1. positive
2. zero
3. negative
4. equal to 2

The standard deviation is the____________.

1. square of variance
2. the square root of the variance
3. average of all the deviations of scores from the mean
4. average of the square root of deviation of scores from the mean

The average of the square deviations from the arithmetic mean is called________.

1. variance
2. mean deviation
3. standard deviation
4. none of these

A measure of relative dispersion is given by the__________.

1. variance
2. range
3. standard deviation
4. coefficient variation

If the occurrence of one event means that another cannot happen, then the event are________.

1. independent
2. mutually exclusive
3. certain
4. none of these

In the special rule of multiplication of probability, the event must be_________.

1. independent
2. mutually exclusive
3. certain
4. none of these

Which of the following is not a correct statement about probability?

1. it must have a value between 0 to 1
2. it can be reported as a decimal or fraction
3. a value near 0 means that the event is not likely to occur
4. it is the collection of several experiments

If A and B are two events such that P(A) = 0.3 and P(AUB) = 0.8 and if A and B are independent events, then P(B) =?

1. 5/7
2. 2/3
3. 1
4. none of these

A single die is rolled. What is the probability of getting 4?

1. 2/6
2. 0
3. 4/6
4. 1/6

The essential characteristic of the decision model are_________.

1. states of nature
2. courses of action
3. payoffs
4. all of these

Decision theory is concerned with__________.

1. method of arriving at an optimal decision
2. selecting optimal decision in a sequential manner
3. analysis of information that is available
4. all of the house

Decision-making is typically described as which of the following?

1. deciding what is correct
2. putting the preference on paper
3. choosing among the alternatives
4. processing information to completion

Which of the following is not among the reasons for the complexity of the decision?

1. the decision has an immediate, short term impact
3. managers often share decisions
4. the manager faces many decisions

In decision analysis, we refer to the consequence resulting from a specific combination of decision alternative and state of nature is a_________.

1. branch
2. consequence
3. node
4. pay-off

A table showing the pay-off for all combination of decision alternatives and state of nature is called_______.

1. a choice node
2. an expected value
3. a payoff table
4. none of these

A type of decision-making environment is________.

1. certainty
2. uncertainty
3. risk
4. all of these

The possible outcomes for a chance event are referred as________.

1. consequence
2. expected values
3. state of nature
4. payoffs

Payoffs can be expressed in terms of__________.

1. cost
2. time
3. profit
4. none of the above

Which of the following criterion is not used for decision-making under uncertainty?

1. maximin
2. maximax
3. minimax
4. minimize expected loss

Which of the following criterion is not applicable to decision-making under risk?

1. maximize expected return
2. maximize return
3. minimize expected regret
4. knowledge of the likelihood of occurrence of each state of nature

A situation in which a decision-maker knows all of the possible outcomes of a decision and also knows the probability associated with each outcome is referred to as__________.

1. risk
2. certainty
3. uncertainty
4. all of the above

For decision making with little uncertainty, where managers can estimate the probabilities of event, the most widely used decision rule is________.

1. expected payoff
2. minimax regret
3. maximax
4. maximin

The decision-making criterion that should be used to achieve maximum long term pay-off is_______.

1. EOL
2. EMV
3. Hurwicz
4. Maximax

A payoff matrix presents all the information required to determine the optimal strategy using the_______.

1. expected value criterion
2. expected loss criterion
3. maximin criterion
4. minimax criterion

A matrix that for each state of nature and strategy, shows the difference between strategy’s payoff and the best strategy’s payoff is called_________.

1. maximin matrix
2. minimax regret matrix
3. payoff matrix
4. expected profit matrix

The sequence of possible managerial decisions and their expected outcome under each set of circumstances can be represented and analyzed by using_______.

1. minimax regret matrix
2. payoff matrix
3. decision tree
4. expected profit matrix

A__________is a decision support tool that uses a tree-like graph or a model of decisions and their possible consequences.

1. decision tree
2. graphs
3. trees
4. all of these

Which among the following are decision tree nodes?

1. decision nodes
2. chances nodes
3. end notes
4. all of these