# 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?

- To receive a dividend declared by the company
- To attend and vote a meetings
- To receive the company’s accounts
**To manage company’s affairs**

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

**Ordinary shares**- Preference shares
- Bonus shares
- None of these

Which among the following is printed on the share certificate?

- Market value
**Face value**- Both Aand B
- No any value is printed on the share certificate

The annual profit distributed among shareholder is called

- Share
- Bonus shares
**Dividend**- Profit

The dividend is always paid on the

**Face value of a share**- The market value of shares
- both A and B
- None of these

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

- At par
**At premium**- At discount
- none of these

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

- At par
- At premium
**At discount**- none of these

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

**At par**- At premium
- At discount
- none of these

The face value of a share

- Changes frequently
- Changes annually
- Changes according to the market condition
**Remain constant**

The market value of shares

- Changes frequently
- Changes annually
**Changes according to the market condition**- Remain constant

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

- Earning and dividends per share
- Face value per share
**The available supply of shares and demand to purchase shares**- Par value of shares

Brokerage is___

- Brokers profit
**Broker’s charges**- Company’s profit
- Shareholder charges

Which statement about bonus shares is true?

- they may be issued for repayment of debenture
- they may be issued at a premium
- they may be issued to the holders of preference shares
**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?

- bonus issue of shares
- increase in authorized share capital
- revaluation of fixed assets
**right issue of shares**

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

- bonus shares
- stock split
- stock purchased
**all of these**

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

- true
**false**- cannot say

An investment company____

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

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

- closed-ended
**open-ended**- public
- 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.

- closed-ended
- open-ended
**public**- none of these

Which of the following statement about mutual funds is true?

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

A mutual fund is not____

- owned jointly by all investors
**a company that manage the investment portfolios of high net worth individuals**- a pool of funds used to purchase securities on behalf of investors
- a collective investment vehicles

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

- entry fee
- cost of the paper on which unit certificates are printed
- the fee the agent charges to the investor
**the expense incurred by the fund manager for marketing mutual fund scheme**

The load cannot be recovered____.

- at the time of the investor’s entry into the fund
- as a fixed amount each year
- at the time the investor exist the fund
**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___.

**net asset value**- offering price
- open-ended value
- closed-ended value

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

- contingent deferred sales charges
- back-end-load
**front-end-load**- none of these

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

- AMC
**SEBI**- AMFI
- distribution agents based on demand for the fund

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

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

Shares of closed-ended fund often sell______.

- exactly at the net asset value
**at a discount of the net asset value**- at a premium to the net asset value
- at the net asset value, plus a load fee

Shares of open-ended fund of fund trade:

**exactly at the net asset value**- at a discount of the net asset value
- at a premium to the net asset value
- at the net asset value, plus a load fee

The NAV of a mutual fund____.

- is always constant
- keeps going up at a steady rate
**fluctuations with the market prices moment**- cannot go down at all

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

- asset minus liabilities
- assets per unit
**asset minus liabilities per unit**- 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____.

- 2000
- 2015
- 1985
**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.

- 37
- 2
**33.50**- 35.5

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

- 120
- 720
- 125
**729**

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

- 60
**120**- 725
- none of these

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

**30**- 32
- 28
- 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?

- 546
- 645
- 735
**756**

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

- 210
- 1050
**25200**- 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?

- 159
- 194
- 205
**209**

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

- 266
- 5040
**11760**- 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?

- 40
- 400
**5040**- 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?

- 800
**720**- 680
- 740

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

**1956**- 1720
- 2020
- 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____.

**2496**- 2552
- 2400
- 2448

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

- 30
**35**- 42
- 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___.

- 404
- 415
**451**- 490

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

**40**- 60
- 80
- 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?

- 100
**80**- 110
- 64

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

- 720
- 360
- 1420
**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?

**600**- 576
- 625
- none of these

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

**maximize or minimize**- find inequalities
- find feasible region
- none of these

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

- solved
**linear**- quadratic
- adjacent

_____are expressed is n the form of inequities or equations.

**constraints**- objective functions
- both A and B
- none of these

The objective functions and constraints are the linear relationship between____.

**variables**- constant
- functions
- all of these

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

- concave set
**convex set**- loss set
- profit set

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

**an alternate course of action to choose from**- minimization of some objective
- usage of the graph in the solution
- sage of linear and nonlinear equations and inequalities

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

- one
- more than one
**two**- three

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

- constraints
**objective functions**- both A and B
- none of these

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

- corner point
- the intersection of the profit line and a constraint
- the intersection of two or more constraints
**none of these**

The first step in formulating an LP problem is____.

- graph the problem
**understand the managerial problem being faced**- identify the objective and the constraints
- define the decision variables

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

- the origin
**a corner point of the feasible region**- the highest point of the feasible region
- the lowest point in the feasible region

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

- at the intersection of the non-negativity constraints
- at the intersection of non-negative constraint and a resources constraint
- at the intersection of the objective function and a constraint
**at the intersection of two or more constraints**

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

**furthest from the origin and the tangent to the feasible region**- nearest to the origin and tangent to the feasible region
- nearest to the origin irrespective of the visible region

The mean the median and the mode___________.

**Are all measures the central tendency**- all are applicable to continuous or scale data only
- are all suitable equivalent measure of the average, irrespective of the distribution
- 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_________.

- mean
- median
**mode**- variance

Mean is a measure of_________.

**Central value**- dispersion
- correlation
- none of these

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

- mean
- median
**mode**- variance

Which of the following is a measure of Central value?

**median**- standard deviation
- mean deviation
- quartile deviation

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

- mode
- median
- sixth decile
**all of these**

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

- decreases
**increases**- is unaffected
- none of these

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

- median
**arithmetic mean**- mode
- third quartile

The sum of the deviations about mean is_________.

**zero**- minimum
- maximum
- one

The sum of the deviation about median is_________.

- zero
- minimum
**maximum**- one

The sum of the square of deviations about mean is________.

- zero
**minimum**- maximum
- one

Weighted mean gives higher value than unweighted mean if_________.

- all the items have equal weights
**larger items have higher weights and small items have lower weight**- larger items have lower weights and smaller item have higher weights
- none of these

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

- 100%
- 50%
**20%**- 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?

- range
- standard deviation
**coefficient of variation**- mean deviation

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

- range
- standard deviation
**coefficient of variation**- mean deviation

Which of the following statements is true?

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

A histogram________.

**is a graphic representation of the frequency distribution of a continuous variable**- is a graphic representation of the frequency distribution of the qualitative or categorical variable
- is an alternative to a pie chart
- is a bar chart

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

- 5% of people score lower than 64
**90 % people score lower than 64**- 10 % of people score lower than 64
- 90 % of people score higher than 64

The measures of dispersion can never be________.

- positive
- zero
**negative**- equal to 2

The standard deviation is the____________.

- square of variance
**the square root of the variance**- average of all the deviations of scores from the mean
- average of the square root of deviation of scores from the mean

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

**variance**- mean deviation
- standard deviation
- none of these

A measure of relative dispersion is given by the__________.

- variance
- range
- standard deviation
**coefficient variation**

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

- independent
**mutually exclusive**- certain
- none of these

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

**independent**- mutually exclusive
- certain
- none of these

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

- it must have a value between 0 to 1
- it can be reported as a decimal or fraction
- a value near 0 means that the event is not likely to occur
**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) =?

**5/7**- 2/3
- 1
- none of these

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

- 2/6
- 0
- 4/6
**1/6**

The essential characteristic of the decision model are_________.

- states of nature
- courses of action
- payoffs
**all of these**

Decision theory is concerned with__________.

- method of arriving at an optimal decision
- selecting optimal decision in a sequential manner
- analysis of information that is available
**all of the house**

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

- deciding what is correct
- putting the preference on paper
**choosing among the alternatives**- processing information to completion

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

**the decision has an immediate, short term impact**- experts offer contradictory advise
- managers often share decisions
- 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_________.

- branch
- consequence
- node
**pay-off**

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

- a choice node
- an expected value
**a payoff table**- none of these

A type of decision-making environment is________.

- certainty
- uncertainty
- risk
**all of these**

The possible outcomes for a chance event are referred as________.

- consequence
- expected values
**state of nature**- payoffs

Payoffs can be expressed in terms of__________.

- cost
- time
- profit
**none of the above**

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

- maximin
- maximax
- minimax
**minimize expected loss**

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

- maximize expected return
**maximize return**- minimize expected regret
- 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__________.

**risk**- certainty
- uncertainty
- 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________.

**expected payoff**- minimax regret
- maximax
- maximin

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

- EOL
- EMV
- Hurwicz
- Maximax

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

- expected value criterion
- expected loss criterion
**maximin criterion**- 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_________.

- maximin matrix
**minimax regret matrix**- payoff matrix
- 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_______.

- minimax regret matrix
- payoff matrix
**decision tree**- expected profit matrix

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

**decision tree**- graphs
- trees
- all of these

Which among the following are decision tree nodes?

- decision nodes
- chances nodes
- end notes
**all of these**

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