CA FOUNDATION – TEST

Time: 1 Hrs. Total Marks: 60

Answer all questions bearing equal marks

1. Find the mode of the following:

0-10 10-20 20-30 30-40 40-50 50-60

7 14 22 34 20 19

(a) 32 (b) 34.61 (c) 25.42 (d) 35

2. Find the median of the following:

CI 0-10 10-20 20-30 30-40 40-50

F 5 15 28 10 2

(a) 10.57 (b) 23.57 (c) 25 (d) None

3. ∑ni=1(x − xi ) is equal to
(a) x ∑ni=1 x (b) n(x ∑ni̇=1 xi ) (c) x − nx (d) zero

4. Given the weights for the numbers 1,2,3…….n are respectively 1 2,2232……n2
then weighted HM is __________.
2n + 1 2n +1 2n +1 2n +1
(a) (b) (c) (d)
4 6 3 2

5. Which measure is suitable for open-end classification?

(a) Median (b) Mean (c) Mode (d) GM

6. 50th Percentile is equal to

(a) Median (b) Mode (c) Mean (d) None
7. The harmonic mean A and B is 1/3 and harmonic mean of C and D is 1/5. The
harmonic mean of ABCD is
(a) 8/15 (b) 1/4 (c) 1/15 (d) 5/3

8. Which one of these is least affected by extreme values?

(a) Mean (b) Median (c) Mode (d) None
9. A fire engine rushes to a place of fire accident with a speed of 110kmph and after
the completion of operation returned to the base at a speed of 35 kmph. The

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 average speed per hour in per-direction is obtained as __________ speeds.
(a) Average of (b) H M of (c) G M of (d) Half of HM of
10. Ten matches data is given. Then which of the following cannot be found?
(a) Least score (b) Highest score (c) Best score (d) Median score

11. If the AM and HM of two numbers are 6 and 9 respectively, then GM is

(a) 7:35 (b) 8:5 (c) 6.75 (d) None
12. From the record on sizes ot shoes sold in a shop, one can compute the following
to determine the most preferred shoe size.
(a) Mean (b) Median (c) Mode (d) Range
13. Which of the following measure does not possess mathematical properties?
(a) Arithmetic mean (b) Geometric mean (c) Harmonic mean (d) Median
14. If y = 3 + (4.5) x and the mode for x- value is 20, then the mode for y- value is
(a) 3.225 (b) 12 (c) 24.5 (d) 93
15. If there are two groups with n1 and n2 observations and H1 and H2 are respective
harmonic means, then the harmonic mean of combined observation is
n1 H1 + n2 H2 n1 H1 + n2 H2 n1 + n2 (n1 + n2 )H1 +H2
(a) (b) (c) n (d)
n1 + n2 H1 + H2 1 H1 + n 2 H2 n1 H2 + n2 H1

16. There are n numbers. When 50 is subtracted from each of these number the sum
of the numbers so obtained is - 10. When 46 is subtracted from each of the
original n numbers, then the sum of numbers. So obtained is 70. What is the
mean of the original n numbers?
(a) 56.8 (b) 25.7 (c) 49.5 (d) 53.8

17. If a school has 14 teachers, their heights (in cm) are:

172,173,164,178, 168, 169,173, 172,173, 164,178, 168, 169, 173 then average
deviation of this data is:
(a) 2.43 approx. (b) 3.93 approx. (c) 3.43 approx. (d) 2.92 approx.

18. The mean of ‘n’ observation is ‘x’. If k is added to each observation, then the new
mean is.
(a) k (b) xk (c) x-k (d) x+k
19. If y = 3 + 1.9x, and mode of x is 15, then the mode of y is:
(a) 15.9 (b) 27.8 (c) 35.7 (d) 31.5

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20. The mean deviation of the numbers 3, 10, 6, 11, 14, 17, 9, 8, 12 about the mean
is (correct to one decimal place):
(a) 8.7 (b) 4.2 (c) 3.1 (d) 9.8

21. If there are 3 observations 15, 20, 25 then the sum of deviation of the
observations from their AM is
(a) 0 (b) 5 (c) -5 (d) 10

22. If the AM and GM for 10 observations are both 15, then the value of HM is
(a) less than 15 (b) more than 15 (c) 15 (d) cannot be determined
23. If average mark for a group of 30 girls is 80, a group of boys is 70 and combined
average is 76, then how many are in the boy's group?
(a) 21 (b) 20 (c) 22 (d) 19

24. If two variables a and b are related by c = ab then G.M. of c is equal to

(a) G.M. of a + G.M of b (b) G.M. of a x G.M. of b
(c) G.M. of a-G.M. of b (d) G.M. of a / G.M. of b

25. For a moderately skewed distribution the median is twice the mean, then the
mode is __________ times the median.
(a) 3 (b) 2 (c) 2/3 (d) 3/2

26. For a data having odd number of values, the difference between the first and the
middle value is equal to the difference between the last and the middle value;
similarly the difference between the second and middle values is equal to that of
second last and middle value so on. Therefore, the middle value is equal to
(a) Half of the range (b) Half of standard deviation
(c) Mode (d) Mean

27. One hundred participants expressed their opinion on recommending a new

product to their friends using the attributes : most unlikely, not sure, likely, most
likely. The appropriate measure of central tendency that can be used here is
(a) Mean (b) Mode (c) Geometric mean (d) Harmonic mean

28. Along a road there are 5 buildings of apartments, marked as 1,2, 3, 4, 5. Number

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 of people residing in each building is available. A bus stop is to be setup near
one of the buildings so that the total distance walked by the residents to the bus
stop from their buildings must bekept minimum. One must consider involving
__________ to find theposition of the bus stop.
(a) Mean (b) Median (c) Mode (d) Weighted mean

29. Given that Mean = 70.20 and Mode = 70.50, the Median is expected to be.
(a) 70.15 (b) 70.20 (c) 70.30 (d) 70.35
30. Mr. X Invests Rs. 10,000 every year starting from today for next 10 years suppose interest rate is
8% per annum compounded annually. Calculate future value of the annuity: (Given that (1 +
0.08)10 = 2.15892500]
(a) Rs. 1,56,454.88 (b) Rs. 1,44,865.625 (c) Rs. 1,56,554.88 (d) None of these

31. The present value of an annuity of Rs. 3,000 for 15 years at 4.5% p.a. C.I. is
[Given that (1.045)15 = 1.935282]
(a) Rs. 23,809.67 (b) Rs. 32,218.67 (c) Rs. 32,908.67(d) None of these
32. The future value of an annuity of Rs. 1,000 made annually for 5 years at the interest of 14%
compounded annually is:(Given (1.14)5 = 1.92541)
(a)Rs. 5,610 (b) Rs. 6,610 (c) Rs. 6,160 (d) Rs. 5,160
33. Suppose your parent decides to open a PPF (Public Provident Fund) account in a bank towards
your name with Rs. 10,000 every year starting from today for next 16 years. When you receive
and get 8.5% per annum interest rate compounded annually. What is the present value of this
annuity? (Give answer in Rs. without any fraction.)(Given P (15,0.085) = 8.304236576)
(a)83,042 (b)1,66,084 (c)93,042 (d)8,30,423
34. How much amount is required to be invested every year so as to accumulate Rs. 3,00,000 at the
end of 10 years, if interest is compounded annually at 10%?
(a) Rs. 18,823.65 (b) Rs. 18 (c) Rs. 18,828,85(d) Rs. 18,882.65

35. The future value of an annuity of Rs. 1,000. made annually for 5 years at the interest of 14%
compounded annually is:Given (1.14)5 1.92541)
(a)Rs. 5,610 (b) Rs. 6,610 (c) Rs. 6,160 (d) Rs. 5,160
36. What is the net present value of piece of property which would be valued at Rs. 2 lakh at the end
of 2 years? (Annual rate of increase = 5%)
(a) Rs. 1.81 lakh (b) Rs. 2.01 lakh (c) Rs. 2.00 lakh (d) None of the above

37. A person wants to lease out a machine costing Rs. 5,00,000 for a 10 year period. It has fixed a
rental of Rs. 51,272 per annum payable annually starting from the end of first year. Suppose rate
of interest is 10% per annum compounded annually on which money can be invested. To whom
this agreement is favourable?

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 (a)Favour of Lessee (b)Favour of Lessor(c)Not for both(d)Can't be determined
38. Let a person invest a fixed sum at the end of each month in an account paying interest 12% per
year compounded monthly. If the future value of this annuity after the 12 th payment is Rs. 55,000
then the amount invested every month is?
(a)Rs. 4,837 (b)Rs. 4,637 (c)Rs. 4,337 (d)Rs. 3,337
39. Determine the present value of perpetuity of Rs. 50,000 per month @ rate of interest 12% p.a. is
__________
(a)Rs. 45,00,000 (b)Rs. 50,00,000 (c)Rs. 55,00,000(d)Rs. 60,00,000
40. The value of scooter is Rs. 10,000 find its value after 7 years if rate of depreciation is 10% p.a.
(a)Rs. 4,782.96 (b)Rs. 4,278.69 (c) Rs. 42,079(d)Rs. 42,000
41. Scrap value of a machine valued at Rs. 10,00,000, after 10 years within depreciation at 10% p.a.:
(a)Rs. 3,48,678.44 (b)Rs. 3,84,679.45 (c)Rs. 4,00,000 (d)Rs. 3,00,000
42. Present value of a scooter is Rs. 7,290 if its value decreases every year by 10% then its value
before 3 years is equal to:
(a)10,000 (b)10,500 (c)20,000 (d)20,500
43. Find the future value of annuity of Rs. 1,000 made annually for 7 years at interest rate of 14%
compounded annually. Given that 1.147 . = 2.5023
(a)10,730.7 (b)5,365.35 (c)8,756 (d)9,892.34
44. Find the present value of Rs. 1,00,000 to be required after 5 years if the interest rate be 9%.
Given that 1,095 =1.5386.
`(a)78,995.98 (b)64,994.15 (c)88,992.43 (d)93,902.12
45. A five year annuity due has periodic cash flow of Rs. 100 each year. If the interest rate is 8% the
future value of this annuity is given by:
(a)(Rs.100) × (future value at rate8%for5 years) × (0 08)
(b)(Rs.100) × (future value at rate8%for5 years) × (1 - .08)
(c)(Rs.100) × (future value at rate8%for5 years) × (1 + 0.08)
(d)(Rs.100) × (future value at rate8%for5 years) × (1/0.08)
46. A person decides to invest Rs. 1,25,000 per year for the next five years in an annuity which gives
5% per annum compounded annually. What is the approx future value? (use 1.05 5= 1.2762, if
needed)
(a)1,59,535 (b)6,90,500 (c)5,90,704 (d)3,59,535
47. If the cost of capital be 12% per annual, then the net present value (in nearest Rs.) from the given
cash flow is given as:

Years 0 1 2 3

Operating profit (in thousands Rs.) (100) 60 40 50

(a)31048 (b)34185 (c)21048 (d)24187

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 48. The probable value of mean deviation when Q3 = 40 and Q1 = 15 is:
(a) 15 (b) 18.75 (c) 17.50 (d) 0

49. If the numbers are 5, 1,8, 7, 2 then the coefficient of variation is:
(a) 56.13% (b) 59.13% (c) 48.13% (d) 44.13%
50. If every observation is increased by 7 then:
(a) Standard deviation increased by 7 (b) Mean deviation increased by 7.
(c) Not affected at all. (d) Quartile deviation increased by 7.
51. If the relationship between x and y is given by 2x + 3y = 10 and the range of y is 10, then what is
the range of x?
(a) 10 (b) 18 (c) 8 (d) 15
52. ________ is based on all the observations and _______ in based on the central fifty percent of
the observations.
A. Mean deviation, Range B. Mean deviation, quartile deviation
C. Range, standard deviation D. Quartile deviation, standard deviation
53. If the variance of a random variable ‘x’ is 17, then what is variance of y = 2x + 5?
A. 34 B. 39 C. 68 D. 78
54. If the variance of given data is 12, and their mean value is 40, what is coefficient of variation
(CV)?
A.5.66% B.6.66% C.7.50% D. 8.65%
55. In a given set if all data are of same value then variance would be:
A. 0 B.1 C.-1 D.0.5
56. If the sum of square of the values equals to 3390. Number of observations are 30 and Standard
deviation is 7, what is the mean value or the above observations?
A. 14 B.11 C.8 D. 5
57. The annual birth and death rates per 1000 are 39.4 and 19.4 respectively. The number of years in
which the population will be doubled assuming there is no immigration or emigration is :
(a) 35 years (b) 30 years (c) 25 years (d) None of these
58. The value of furniture depreciates by 10% a year, it the present value of the furniture in an office
is Rs. 21,870, calculate the value of furniture 3 years ago
(a) Rs. 30,000 (b) Rs. 35,000 (c) Rs. 40,000(d) Rs. 50,000
59. Find the effective rate of interest at 10% p.a. when interest is payable quarterly.
(a)10.38% (b)5% (c)5.04% (d)4%
60. Scrap value of a machine valued at Rs. 10,00,000, after 10 years within depreciation at 10% p.a.:
(a)Rs. 3,48,678.44 (b)Rs. 3,84,679.45 (c)Rs. 4,00,000 (d)Rs. 3,00,000