MCQOPTIONS
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MCQOPTIONS
This section includes 100 Mcqs, each offering curated multiple-choice questions to sharpen your Aptitude knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15% per annum, is: |
| A. | Rs. 1750 |
| B. | Rs. 1680 |
| C. | Rs. 1840 |
| D. | Rs. 1443.75 |
| Answer» C. Rs. 1840 | |
| 2. |
M owes N 3146 payable 11/2 yr hence. Also, N owes M, 2889 payable 6 months hence. If they want to settle the account forthwith, keeping 14% the rate of interest, who should pay and how much ? |
| A. | N should pay 100 |
| B. | N should pay 50 |
| C. | M should pay 100 |
| D. | M should pay 50 |
| E. | None of the above |
| Answer» B. N should pay 50 | |
| 3. |
$ 20 is the true discount on $ 260 due after a certain time. What will be the true discount on the same amount due after half of the earlier time, the rate of interest being the same. |
| A. | $ 10 |
| B. | $ 10.40 |
| C. | $ 15.20 |
| D. | $ 13 |
| Answer» C. $ 15.20 | |
| 4. |
A fan is listed at $ 1500 and a discount of 20% is offered on the list price. What additional discount must be offered to the customer to bring the net price to $ 1104? |
| A. | 8 % |
| B. | 10 % |
| C. | 12 % |
| D. | 15 % |
| Answer» B. 10 % | |
| 5. |
An article is marked 40 % above the cost price and a discount of 30 % is allowed. What is the gain or loss % ? |
| A. | 10% gain |
| B. | 5% gain |
| C. | 2% loss |
| D. | 12% loss |
| Answer» D. 12% loss | |
| 6. |
The true discount on a bill of $ 1260 is due for 6 months at 10 % per annum is: |
| A. | $ 60 |
| B. | $ 160 |
| C. | $ 80 |
| D. | $ 260 |
| Answer» B. $ 160 | |
| 7. |
I want to sell my scooter. There are two offers, One at cash payment of Rs. 8100 and another at a credit of Rs. 8250 to be paid after 6 months. If money being worth 61/4% per annum simple interest, which is the better offer ? |
| A. | Rs. 8100 in cash |
| B. | Rs. 8250 due 6 months hence |
| C. | Both are equally good |
| D. | Ca't be said |
| Answer» B. Rs. 8250 due 6 months hence | |
| 8. |
A company offers three types of successive discounts : (i) 25% and 15%, (ii) 30% and 10%, (iii) 35% and 5%. Which offer is the best for a customer? |
| A. | First offer |
| B. | Second offer |
| C. | Third offer |
| D. | Any one; all are equally good |
| Answer» D. Any one; all are equally good | |
| 9. |
The difference between a discount of 40% on $ 500 and two successive discounts of 36%, 4% on the same amount is : |
| A. | $ 0 |
| B. | $ 2 |
| C. | $ 1.93 |
| D. | $ 7.20 |
| Answer» E. | |
| 10. |
Successive discounts of 10 %, 20 % and 30 % is equivalent to a single discount of : |
| A. | 60 % |
| B. | 49.6 % |
| C. | 40.5 % |
| D. | 36 % |
| Answer» C. 40.5 % | |
| 11. |
A man buys a single apple for $ 25. If he were to buy a dozen apples, he would have to pay a total amount of $ 250. What would be the approximate % discount he would get on buying a dozen apples? |
| A. | 32 |
| B. | 20 |
| C. | 12 |
| D. | 17 |
| Answer» E. | |
| 12. |
If on a marked price, the difference of selling prices with a discount of 30 % and two successive discounts of 20 % and 10 % is $ 72, then the marked price (in rupees) is : |
| A. | 3,600 |
| B. | 3,000 |
| C. | 2,500 |
| D. | 2,400 |
| Answer» B. 3,000 | |
| 13. |
The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 21/2 years, its present worth would be Rs. 1016. Find the rate percent and the sum of the bill ? |
| A. | 10%, Rs. 1270 |
| B. | 8%, Rs. 1720 |
| C. | 16%, Rs. 1570 |
| D. | 18%, Rs. 1560 |
| Answer» B. 8%, Rs. 1720 | |
| 14. |
If the true discount on Rs. 161 due 21/ years hence be Rs. 21. At what rate per cent is the interest calculated ? |
| A. | 6% |
| B. | 4% |
| C. | 8% |
| D. | 12% |
| Answer» B. 4% | |
| 15. |
$ 21 is the true discount on $ 371 for a certain time at certain int. If the rate of interest is kept same, true discount on the same sum for double that time will be : |
| A. | $ 44.38 |
| B. | $ 39.75 |
| C. | $ 33.25 |
| D. | None of these |
| Answer» C. $ 33.25 | |
| 16. |
The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is : |
| A. | $ 200 |
| B. | $ 197.5 |
| C. | $ 202 |
| D. | $ 192.25 |
| Answer» B. $ 197.5 | |
| 17. |
A owes B Rs. 456.75 payable 41/2 months hence and B owes A Rs. 455.51 payable 3 months hence. If they agree to settle their account by a ready money payment. What sum should be paid over and to whom reckoning the rate of true discount at 4 per cent per annum ? |
| A. | Re.1`,A |
| B. | Rs. 2,B |
| C. | Rs. 2,A |
| D. | Re. 1, B |
| Answer» B. Rs. 2,B | |
| 18. |
If the interest on Rs. 50 at 41/2 be equal to the discount on Rs. 59 for the same time and at the same rate when is the latter sum due ? |
| A. | 2 years |
| B. | 4 years |
| C. | 6 years |
| D. | 3 years |
| Answer» C. 6 years | |
| 19. |
The true discount on a certain bill due for nine months at 4 % simple interest is 150. Find the amount of the bill. |
| A. | 5150 |
| B. | 5250 |
| C. | 4750 |
| D. | 5650 |
| E. | None of these |
| Answer» B. 5250 | |
| 20. |
The present worth of a bill due in sometime is 1500. Find the banker s discount on the bill, if the true discount is 75. |
| A. | 78.75 |
| B. | 77.75 |
| C. | 82.75 |
| D. | 76.75 |
| E. | None of these |
| Answer» B. 77.75 | |
| 21. |
What is the present worth of Rs. 272.61 due in 2 years 73 days at 71/2 percent ? |
| A. | Rs. 334 |
| B. | Rs. 254 |
| C. | Rs. 234 |
| D. | None of these |
| Answer» D. None of these | |
| 22. |
The true discount on a certain sum of money due after 21/2 years at 6% per annum is less than the simple interest on the same sum for the same time by Rs. 81. Find the sum? |
| A. | Rs. 4140 |
| B. | Rs. 4240 |
| C. | Rs. 4150 |
| D. | Rs. 4250 |
| Answer» B. Rs. 4240 | |
| 23. |
The True Discount on a certain sum of money due in 2 years is 1800 and the simple interest on the same amount is 2232. Find the sum. |
| A. | 9300 |
| B. | 9350 |
| C. | 9450 |
| D. | 9400 |
| E. | None of these |
| Answer» B. 9350 | |
| 24. |
The difference between the simple interest and the true discount on a certain sum of money for 2 years at 15 % per annum at simple interest is 45. Find the sum. |
| A. | 700 |
| B. | 650 |
| C. | 675 |
| D. | 625 |
| E. | None of these |
| Answer» C. 675 | |
| 25. |
If the simple interest on 2000 at 5 % p.a. is equal to the true discount on 2500 for the same time and at the same rate, the time is : |
| A. | 5 Year |
| B. | None of these |
| Answer» C. | |
| 26. |
If 21 is the true discount on 371 for a certain time, what is the true discount on the same amount for double that time, the rate being the same in both the cases? |
| A. | 39.00 |
| B. | 35.75 |
| C. | 40.00 |
| D. | 39.75 |
| E. | None of these |
| Answer» E. None of these | |
| 27. |
If the true discount on $ 161 is due for 2 years and 6 months is $ 21, then find the rate of interest. |
| A. | 5% |
| B. | 6% |
| C. | None of these |
| Answer» E. | |
| 28. |
The True Discount on 936 is due after a certain time at 8 % is 36. The money is due after : |
| A. | 6 Months |
| B. | 3 Months |
| C. | 1 Year |
| D. | 9 Months |
| E. | None of these |
| Answer» B. 3 Months | |
| 29. |
The true discount on a bill of $ 2550 due after 3 months is $ 50. Find the banker s discount. |
| A. | $ 53 |
| B. | $ 51 |
| C. | $ 55 |
| D. | $ 57 |
| Answer» C. $ 55 | |
| 30. |
The true discount on a bill of $ 5450 due in 9 months is $ 450. Find the rate of interest. |
| A. | 12% |
| B. | 12.5% |
| C. | 11.5% |
| D. | 13.1% |
| Answer» B. 12.5% | |
| 31. |
Rs. 20 is the true discount on Rs. 260 due after a certain time. What will be the true discount on the same sum due after half of the former time, the rate of interest being the same? |
| A. | Rs. 10 |
| B. | Rs. 10.40 |
| C. | Rs. 15.20 |
| D. | Rs. 13 |
| Answer» C. Rs. 15.20 | |
| 32. |
The interest on Rs. 750 for 2 years is the same as the true discount on Rs. 960 due 2 years hence. If the rate of interest is the same in both cases, it is: |
| A. | 12% |
| B. | 14% |
| C. | 15% |
| D. | <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">16</td> <td class="ga-td-divident">2</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table> |
| E. | |
| Answer» C. 15% | |
| 33. |
The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 85 and Rs. 80 respectively. The sum is: |
| A. | Rs. 1800 |
| B. | Rs. 1450 |
| C. | Rs. 1360 |
| D. | Rs. 6800 |
| Answer» D. Rs. 6800 | |
| 34. |
The present worth of Rs. 1404 due in two equal half-yearly installments at 8% per annum simple interest is: |
| A. | Rs. 1325 |
| B. | Rs. 1300 |
| C. | Rs. 1350 |
| D. | Rs. 1500 |
| Answer» B. Rs. 1300 | |
| 35. |
If the true discount on s sum due 2 years hence at 14% per annum be Rs. 168, the sum due is: |
| A. | Rs. 768 |
| B. | Rs. 968 |
| C. | Rs. 1960 |
| D. | Rs. 2400 |
| Answer» B. Rs. 968 | |
| 36. |
Goods were bought for Rs. 600 and sold the same for Rs. 688.50 at a credit of 9 months and thus gaining 2% The rate of interest per annum is: |
| A. | <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">16</td> <td class="ga-td-divident">2</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table> |
| B. | <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">14</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">2</td> </tr> </tbody></table> |
| C. | <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">13</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">3</td> </tr> </tbody></table> |
| D. | 15% |
| Answer» B. <table class="ga-tbl-answer" cellpadding="0" cellspacing="0"> <tbody><tr class="ga-tr-divident" align="center"> <td class="ga-td-line" rowspan="2">14</td> <td class="ga-td-divident">1</td> <td class="ga-td-line" rowspan="2">%</td> </tr> <tr class="ga-tr-divisor" align="center"> <td class="ga-td-divisor">2</td> </tr> </tbody></table> | |
| 37. |
The true discount on Rs. 1760 due after a certain time at 12% per annum is Rs. 160. The time after which it is due is: |
| A. | 6 months |
| B. | 8 months |
| C. | 9 months |
| D. | 10 months |
| Answer» E. | |
| 38. |
The present worth of Rs. 2310 due 2 years hence, the rate of interest being 15% per annum, is: |
| A. | Rs. 1750 |
| B. | Rs. 1680 |
| C. | Rs. 1840 |
| D. | Rs. 1443.75 |
| Answer» C. Rs. 1840 | |
| 39. |
A trader owes a merchant Rs. 10,028 due 1 year hence. The trader wants to settle the account after 3 months. If the rate of interest 12% per annum, how much cash should he pay? |
| A. | Rs. 9025.20 |
| B. | Rs. 9200 |
| C. | Rs. 9600 |
| D. | Rs. 9560 |
| Answer» C. Rs. 9600 | |
| 40. |
A man purchased a cow for Rs. 3000 and sold it the same day for Rs. 3600, allowing the buyer a credit of 2 years. If the rate of interest be 10% per annum, then the man has a gain of: |
| A. | 0% |
| B. | 5% |
| C. | 7.5% |
| D. | 10% |
| Answer» B. 5% | |
| 41. |
The true discount on a bill due 9 months hence at 16% per annum is Rs. 189. The amount of the bill is: |
| A. | Rs. 1386 |
| B. | Rs. 1764 |
| C. | Rs. 1575 |
| D. | Rs. 2268 |
| Answer» C. Rs. 1575 | |
| 42. |
A man buys a watch for Rs. 1950 in cash and sells it for Rs. 2200 at a credit of 1 year. If the rate of interest is 10% per annum, the man: |
| A. | gains Rs. 55 |
| B. | gains Rs. 50 |
| C. | loses Rs. 30 |
| D. | gains Rs. 30 |
| Answer» C. loses Rs. 30 | |
| 43. |
A man wants to sell his scooter. There are two offers, one at Rs. 12,000 cash and the other a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer? |
| A. | Rs. 12,000 in cash |
| B. | s. 12,880 at credit |
| C. | Both are equally good |
| Answer» B. s. 12,880 at credit | |
| 44. |
If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is: |
| A. | Rs. 20 |
| B. | Rs. 21.81 |
| C. | Rs. 22 |
| D. | Rs. 18.33 |
| Answer» E. | |
| 45. |
The present worth of a bill due 7 months hence is Rs. 1200 and if the bill were due at the end of 2 |
| A. | 10%, Rs. 1270 |
| B. | 8%, Rs. 1720 |
| C. | 16%, Rs. 1570 |
| D. | 18%, Rs. 1560 |
| Answer» B. 8%, Rs. 1720 | |
| 46. |
If the true discount on Rs. 161 due 2 |
| A. | 6% |
| B. | 4% |
| C. | 8% |
| D. | 12% |
| Answer» B. 4% | |
| 47. |
If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time. Then the discount allowed on the same sum due at the end of double the time is ? |
| A. | Rs. 20 |
| B. | Rs. 21.81 |
| C. | Rs. 22 |
| D. | Rs. 18.33 |
| Answer» E. | |
| 48. |
Jagatram, a trader, owes a merchant. Mangalal 5014 due 1 yr hence. Jagatram wants to settle the account after 3 months. If the rate of interest is 12% per annum, how much cash should Jagatram pay ? |
| A. | 9200 |
| B. | 5600` |
| C. | 4600 |
| D. | 6600 |
| E. | None of the above |
| Answer» D. 6600 | |
| 49. |
If Rs. 10 be allowed as true discount on a bill of Rs. 110 due at the end of a certain time, then the discount allowed on the same sum due at the end of double the time is ? |
| A. | Rs. 20 |
| B. | Rs. 21.81 |
| C. | Rs. 22 |
| D. | Rs. 18.33 |
| Answer» E. | |
| 50. |
A owes B Rs. 456.75 payable 4 |
| A. | Re.1`,A |
| B. | Rs. 2,B |
| C. | Rs. 2,A |
| D. | Re. 1, B |
| Answer» B. Rs. 2,B | |