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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Kailash wants to sell his television.There are to two offers, one at 10000 cash and the other at a credit of 6440 to be paid after 8 months, money being at 18% per annum. Which one is better offer? |
| A. | 6440 at credit |
| B. | 6440 in cash |
| C. | 6440 at credit and 10000 in cash both |
| D. | 10000 in cash |
| E. | None of the above |
| Answer» E. None of the above | |
| 2. |
Aarti has to pay 440 to Babita after 1 yr. Babita asks Aarti to pay 220 in cash and defer the payment of 220 for 2 yr. Aarti agrees to it. If the rate of interest be 10 % per annum, find Aarti's gain or loss ? |
| A. | Aarti gains 3.33 |
| B. | Aarti gains 8 |
| C. | Aarti losses 9 |
| D. | Aarti losses 3.33 |
| E. | None of the above |
| Answer» E. None of the above | |
| 3. |
M owes N 3146 payable 1 |
| 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 | |
| 4. |
Find the true discount on Rs. 39.69 due in 2 years reckoning compound interest at 5% ? |
| A. | Rs. 3.69 |
| B. | Rs. 5 |
| C. | Rs. 5.69 |
| D. | Rs. 4.69 |
| Answer» B. Rs. 5 | |
| 5. |
The true discount on a bill due 10 months hence at 6% per annum is Rs. 26.25. Then the amount of the bill is ? |
| A. | Rs. 551.25 |
| B. | Rs. 550 |
| C. | Rs. 551.50 |
| D. | Rs. 550.25 |
| Answer» B. Rs. 550 | |
| 6. |
Find the present worth of a bill of Rs. 2420 due 2 years later at 10% compound interest. Also find the true discount ? |
| A. | Rs. 2000, Rs. 420 |
| B. | Rs. 2200, Rs. 520 |
| C. | Rs. 2100, Rs. 460 |
| D. | None of these |
| Answer» B. Rs. 2200, Rs. 520 | |
| 7. |
If the discount on Rs. 3050 be equal to the simple interest on Rs. 3000 for the same time. Find the time, the rate of interest being 5% per annum ? |
| A. | 4 months |
| B. | 6 months |
| C. | 3 months |
| D. | None of these |
| Answer» B. 6 months | |
| 8. |
$ 20 |
| A. | $ 10 |
| B. | $ 10.40 |
| C. | $ 15.20 |
| D. | $ 13 |
| Answer» C. $ 15.20 | |
| 9. |
A fan is listed at |
| A. | 8 % |
| B. | 10 % |
| C. | 12 % |
| D. | 15 % |
| Answer» B. 10 % | |
| 10. |
Find the sum due, if the true discount on a sum due 2 yr hence at 7% be 672. |
| A. | 5500 |
| B. | 5425 |
| C. | 5472 |
| D. | 5300 |
| Answer» D. 5300 | |
| 11. |
The true discount on a certain sum money due 4 yr hence is 75 and the simple interest on the same sum for the same time and at the same rate of interest is 225. Find the rate per cent. |
| A. | 25% |
| B. | 50% |
| C. | 31% |
| D. | 45% |
| E. | None of the above |
| Answer» C. 31% | |
| 12. |
$ 21 |
| A. | $ 44.38 |
| B. | $ 39.75 |
| C. | $ 33.25 |
| D. | None of these |
| Answer» C. $ 33.25 | |
| 13. |
A company offers three types of successive discounts : |
| A. | First offer |
| B. | Second offer |
| C. | Third offer |
| D. | Any one; all are equally good |
| Answer» D. Any one; all are equally good | |
| 14. |
The present worth of Rs. 1404 due in two equal half yearly instalments ? |
| A. | Rs. 1325 |
| B. | Rs. 1300 |
| C. | Rs. 1350 |
| D. | Rs. 1500 |
| Answer» B. Rs. 1300 | |
| 15. |
The true discount on Rs. 1860 due after a certain time at 5% is Rs. 60. The time after which it is due is ? |
| A. | 6 months |
| B. | 8 months |
| C. | 9 months |
| D. | 10 months |
| Answer» C. 9 months | |
| 16. |
The true discount on a bill a due 8 months hence at 12% per annum is Rs. 240. Find the amount of the bill and its present worth ? |
| A. | Rs. 3000, Rs . 3240 |
| B. | Rs. 2000, Rs . 2240 |
| C. | Rs. 2100, Rs . 2340 |
| D. | None of these |
| Answer» B. Rs. 2000, Rs . 2240 | |
| 17. |
The difference between the simple interest and the true discount on a certain sum for 6 months at 4% is Rs. 15. Find the sum ? |
| A. | Rs. 32850 |
| B. | Rs. 28250 |
| C. | Rs. 38250 |
| D. | Rs. 38350 |
| Answer» D. Rs. 38350 | |
| 18. |
Find the difference between simple interest and true discount on Rs. 960 due 4 year hence at 5% per annum simple interest ? |
| A. | Rs. 32 |
| B. | Rs. 52 |
| C. | Rs. 42 |
| D. | None of these |
| Answer» B. Rs. 52 | |
| 19. |
What will be the present worth of 3720 due 3 yr hence at 8% per annum? Also, find the true discount. |
| A. | PW = 3000 and TD = 720 |
| B. | PW = 15000 and TD = 720 |
| C. | PW = 3000 and TD = 320 |
| D. | PW = 1000 and TD = 420 |
| E. | None of the above |
| Answer» B. PW = 15000 and TD = 720 | |
| 20. |
A owes B, Rs. 1120 payable 2 years hence and B owes A, Rs. 1081.50 payable 6 months hence. If they decide to settle their accounts forthwith by payment of ready money and the rate of interest be 6% per annum, then who should pay and how much ? |
| A. | A Rs. 50 |
| B. | B Rs. 50 |
| C. | A Rs. 70 |
| D. | B Rs. 70 |
| Answer» C. A Rs. 70 | |
| 21. |
What sum will discharge a debt of Rs. 5300 due a year and a half hence at 4% per annum ? |
| A. | Rs. 5000 |
| B. | Rs. 4500 |
| C. | Rs. 4200 |
| D. | Rs. 5250 |
| Answer» B. Rs. 4500 | |
| 22. |
The true discount on Rs. 2575 due 4 months hence is Rs. 75. The rate percent is ? |
| A. | 6% |
| B. | 8% |
| C. | 9% |
| D. | 5% |
| Answer» D. 5% | |
| 23. |
Find the present worth (PW) and the true discount reckoning 6% per annum simple interest of Rs. 176 due in 20 months time ? |
| A. | Rs. 160, Rs. 16 |
| B. | Rs. 130, Rs. 46 |
| C. | Rs. 150, Rs. 26 |
| D. | None of these |
| Answer» B. Rs. 130, Rs. 46 | |
| 24. |
The true discount on Rs. 1860 due 3 years hence is Rs. 40. Find the rate per cent ? |
| A. | 10% |
| B. | 12% |
| C. | 5% |
| D. | 15% |
| Answer» B. 12% | |
| 25. |
A trader owes a merchant Rs. 901 due 1 year's hence. However, the trader wants to settle the account after 3 months. How much cash should he pay, If rate of interest is 8% per annum ? |
| A. | Rs. 870 |
| B. | Rs. 850 |
| C. | Rs. 828.92 |
| D. | Rs. 846.94 |
| Answer» C. Rs. 828.92 | |
| 26. |
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 6 |
| 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 | |
| 27. |
A has to pay Rs. 220 to B after 1 year. B asks A to pay Rs. 110 in cash and defer the payment of Rs. 110 for 2 years. A agrees to it. Counting the rate of interest at 10% per annum in this new mode of payment ? |
| A. | There is no gain or loss to ant one |
| B. | A gains Rs. 7.34 |
| C. | A loses Rs. 7.34 |
| D. | A loses Rs. 1.66 |
| Answer» E. | |
| 28. |
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 | |
| 29. |
The difference between a discount of |
| A. | $ 0 |
| B. | $ 2 |
| C. | $ 1.93 |
| D. | $ 7.20 |
| Answer» E. | |
| 30. |
If on a marked price, the difference of selling prices with a discount of |
| A. | 3,600 |
| B. | 3,000 |
| C. | 2,500 |
| D. | 2,400 |
| Answer» B. 3,000 | |
| 31. |
Successive discounts of |
| A. | 60 % |
| B. | 49.6 % |
| C. | 40.5 % |
| D. | 36 % |
| Answer» C. 40.5 % | |
| 32. |
A man buys a single apple for |
| A. | 32 |
| B. | 20 |
| C. | 12 |
| D. | 17 |
| Answer» E. | |
| 33. |
An article is marked |
| A. | 10% gain |
| B. | 5% gain |
| C. | 2% loss |
| D. | 12% loss |
| Answer» D. 12% loss | |
| 34. |
The present worth of |
| A. | $ 200 |
| B. | $ 197.5 |
| C. | $ 202 |
| D. | $ 192.25 |
| Answer» B. $ 197.5 | |
| 35. |
If the interest on Rs. 50 at 4 |
| A. | 2 years |
| B. | 4 years |
| C. | 6 years |
| D. | 3 years |
| Answer» C. 6 years | |
| 36. |
The simple interest and the true discount on a certain sum for a given time and at a given rate are Rs. 25 and Rs. 20 respectively. The sum is ? |
| A. | Rs. 500 |
| B. | Rs. 200 |
| C. | Rs. 250 |
| D. | Rs. 100 |
| Answer» E. | |
| 37. |
The difference between the simple interest and the true discount on a certain sum of money for 6 months at 6% is Rs. 27. Find the sum? |
| A. | Rs. 30900 |
| B. | Rs. 39000 |
| C. | Rs. 20900 |
| D. | Rs. 30600 |
| Answer» B. Rs. 39000 | |
| 38. |
If the true discount for a sum of 50000 for a period of 4 yr at a certain rate of interest per annum is 2000, find the rate of interest. |
| A. | 1% |
| B. | 1.5% |
| C. | 2% |
| D. | 5% |
| E. | None of the above |
| Answer» B. 1.5% | |
| 39. |
Find the present worth of Rs. 264 due in 2 years reckoning simple interest at 5 percent per annum ? |
| A. | Rs. 240 |
| B. | Rs. 360 |
| C. | Rs. 540 |
| D. | Rs. 260 |
| Answer» B. Rs. 360 | |
| 40. |
What is the present worth of Rs. 272.61 due in 2 years 73 days at 7 |
| A. | Rs. 334 |
| B. | Rs. 254 |
| C. | Rs. 234 |
| D. | None of these |
| Answer» D. None of these | |
| 41. |
If the true discount on |
| A. | <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table> |
| B. | <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table> |
| C. | 5% |
| D. | 6% |
| E. | None of these |
| Answer» E. None of these | |
| 42. |
The True Discount on a certain sum of money due in |
| A. | 9300 |
| B. | 9350 |
| C. | 9450 |
| D. | 9400 |
| E. | None of these |
| Answer» B. 9350 | |
| 43. |
The difference between the simple interest and the true discount on a certain sum of money for |
| A. | 700 |
| B. | 650 |
| C. | 675 |
| D. | 625 |
| E. | None of these |
| Answer» C. 675 | |
| 44. |
The present worth of a bill due in sometime is |
| A. | 78.75 |
| B. | 77.75 |
| C. | 82.75 |
| D. | 76.75 |
| E. | None of these |
| Answer» B. 77.75 | |
| 45. |
The true discount on a certain bill due for nine months at |
| A. | 5150 |
| B. | 5250 |
| C. | 4750 |
| D. | 5650 |
| E. | None of these |
| Answer» B. 5250 | |
| 46. |
The true discount on a certain sum of money due after 2 |
| A. | Rs. 4140 |
| B. | Rs. 4240 |
| C. | Rs. 4150 |
| D. | Rs. 4250 |
| Answer» B. Rs. 4240 | |
| 47. |
The true discount on a bill of |
| A. | $ 53 |
| B. | $ 51 |
| C. | $ 55 |
| D. | $ 57 |
| Answer» C. $ 55 | |
| 48. |
If the simple interest on |
| A. | <table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Years</td></tr><tr><td style="text-align: center;">2</td></tr></table> |
| B. | 5 Year |
| C. | <table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Years</td></tr><tr><td style="text-align: center;">2</td></tr></table> |
| D. | <table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Years</td></tr><tr><td style="text-align: center;">2</td></tr></table> |
| E. | None of these |
| Answer» C. <table><tr><td rowspan="2">7</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;">1</td><td rowspan="2">Years</td></tr><tr><td style="text-align: center;">2</td></tr></table> | |
| 49. |
What will be the true discount for the present worth of 600 for a period of 4 yr at 4% per annum rate of interest? |
| A. | 100 |
| B. | 32 |
| C. | 86 |
| D. | 96 |
| E. | None of the above |
| Answer» E. None of the above | |
| 50. |
A man buys a watch for Rs. 195 in cash and sells it for Rs. 220 at a credit of 1 year. If the rate of interest is 10%, the man ? |
| A. | Gains Rs. 15 |
| B. | Gains Rs. 3 |
| C. | Gains Rs. 5 |
| D. | Loses Rs. 5 |
| Answer» D. Loses Rs. 5 | |