Mock 1
Quantitative Techniques
Assessment of Fundamental Competencies
Mock Paper 100 marks – 3 hours
Instructions to Candidates:
(i) Select the most appropriate answer from the options available for each question.
(ii) There will be no negative marking for incorrect replies.
(iii) Use of calculator is allowed.
1. Identify the equation whose graph would be a straight line. (02)
a) 2x+3/y = 0 b) x – y – 3 =0
c) y/x + 3 = 0 d) x2+y = 3
2. If (5x–3y)/(5y–3x) = 3/4, the value of x : y is (02)
a) 2:9 b) 7:2
c) 7:9 d) None of these
1
81x 4 4
3. 8 has simplified value equal to (02)
y
a) xy2 b) x2y
2
c) 9xy d) None of these
4. Which is true (02)
0 0 0
a) 2 > (1/2) b) 2 <(1/2)
c) 20 = (1/2) d) None of these
1 1 1
5. If 2 x 3 y 3z, is (03)
x y z
a) 1 b) 0
c) 2 d) None of these
6. Three persons Ahsan, Ali and Abid together have Rs. 51. Ali has Rs. 4 less than Ahsan
and Abid has got Rs. 5 less than Ahsan. They have the money as. (02)
a) (Rs. 20, Rs. 16, Rs. 15) b) (Rs. 15, Rs. 20, Rs. 16)
c) (Rs. 25, Rs. 11, Rs. 15) d) None of these
1
7. If a number of which the half is greater than th of the number by 15 then the number is (02)
5
a) 50 b) 40
c) 80 d) None of these
8. Monthly incomes of two persons are in the ratio 4:5 and their monthly expenses are in the ratio
7:9. If each saves Rs. 50 per month find their monthly incomes. (02)
a) (500,400) b) (400,500)
c) (300,600) d) (350,550)
Prepared By: Dawood Shahid CPA, CA(f) MPhil, MBA, OCE
q 7
9. The demand and supply equations for a certain commodity are 4q + 7p = 17 and p
3 4
respectively where p is the market price and q is the quantity then the equilibrium price and
quantity are: (03)
a) 2, ¾ b) 3, 1/2
c) 5, 3/5 d) None of these
10. The point of intersection between the straight lines 3x + 2y = 6 and 3x – y = 12 lie in (02)
a) 1st quadrant b) 2nd quadrant
c) 3rd quadrant d) 4th quadrant
11. A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine
was Rs. 100000 and its ultimate scrap value was Rs. 30000.The effective life of the machine is(02)
a) 4.5 years (Approx) b) 5.4 years (Approx)
c) 5 years d) None of these
12. A machine A with useful life of seven years costs Rs. 10000 while another machine B with useful
life of five years costs Rs. 8000. The first machine saves labour expenses of Rs. 1900 annually
and the second one saves labour expenses of Rs. 2200 annually. Determine the preferred course
of action. Assume cost of borrowing as 10% compounded per annum. (03)
a) Purchase machine A (saving 339.74) b) Purchase machine B (saving 750)
c) Purchase machine A (saving 750) d) Purchase machine B (saving 339.74)
13. Mr. Naveed retires at 60 years receiving a pension of 14400 a year paid in half-yearly
installments for rest of his life after reckoning his life expectation to be 13 years and that interest
at 4% p.a. is payable half-yearly. What single sum is equivalent to his pension? (03)
a) Rs 145,000 b) Rs 144,900
c) Rs 144,800 d) Rs 144,700
14. Bashir left Rs. 100000 with the direction that it should be divided in such a way that his minor
sons Shahid, Zahid and Haris aged 9, 12 and 15 years should each receive equally after attaining
the age 25 years. The rate of interest being 3.5%, how much each son receive after getting 25
years old?(03)
a) Rs 50,000 b) Rs 51,994
c) Rs 52,000 d) None
15. In how many years a sum of money will double if interest rate is 8% per annum (02)
a) 25 years b) 9 years
c) 12.5 years d) 10 years
16. The compound interest on half-yearly rests on Rs.10000 the rate for the first and second years
being 6% and for the third year 9% p.a. is Rs.____________. (02)
a) 2,200 b) 2,287
c) 2,285 d) 2,247
17. No. of road accidents recorded during a month in city Lahore is: (02)
a) Continuous variable a) Qualitative variable
b) Constant c) Discrete variable
18. The process of arranging data into rows and columns is called (01)
a) Frequency distribution b) Tabulation
c) Classification d) Array
19. If GM of x is 10 and GM of y is 15, then the GM of xy is (02)
a) 150 b) 1.176
c) 2.176 d) Cannot be determined
Prepared By: Dawood Shahid CPA, CA(f) MPhil, MBA, OCE
20. The mean and variance of 5 observations are 4.80 and 6.16 respectively. If three of the
observations are 2, 3 and 6, what are the remaining observations? (03)
a) 2 and 8 b) 4 and 9
c) 3 and 5 d) 10 and 3
21. Which of the following statements is correct? (02)
a) Two distributions may have identical b) Two distributions may have the identical
measures of central tendency and measures of central tendency but different
dispersion. measures of dispersion.
c) Two distributions may have the different a) All of Above
measures of central tendency but identical
measures of dispersion.
22. Dispersion measures (01)
a) The scatterness of a set of observations b) The concentration of a set of observations
c) Both a and b d) Neither a and b
23. Which one is an absolute measure of dispersion? (01)
a) Range b) Mean deviation
c) Standard Deviation d) All of these
24. For any two numbers SD is always (03)
a) Twice the range b) Half the range
c) Square of the range d) None of these
25. The number of ways the letters of the word “Triangle” to be arranged so that the word ’angle’
will be always present is (03)
a) 20 b) 60
c) 24 d) 32
26. A person saved Rs. 16,500 in ten years. In each year after the first year he saved Rs. 100 more
than he did in the preceding year. The amount of money he saved in the 1st year was (02)
a) Rs 1,000 b) Rs 1,500
c) Rs 1,200 d) Rs none of these
27. The derivative of the function x x is (03)
1 1
a) b) 1
2 x x 2 x
d) None of these
c)
1 1 1
2( x x) 2 x
28. If it is known that the probability of a missile hitting a target is 1/8, what is the probability that
out of 10 missiles fired, at least 2 will hit the target? (02)
a) 0.4258 b) 0.3968
c) 0.5238 d) 0.3611
29. In a sample of 800 students, the mean weight and standard deviation of weight are found to be 50
Kg and 20 Kg respectively. On the assumption of normality, what is the number of students
weighing between 46 Kg and 62 Kg? Given area of the standard normal curve between z = 0 to z
= 0.20 = 0.0793 and area between z = 0 to z = 0.60 = 0.2257. (03)
a) 250 b) 244
c) 240 d) 260
Prepared By: Dawood Shahid CPA, CA(f) MPhil, MBA, OCE
30. The incidence of a particular disease in an area is such that 20 per cent people of that area suffers
from it. What size of sample should be taken so as to ensure that the error of estimation of the
proportion should not be more than 5 per cent with 95 per cent confidence? (03)
a) 246 b) 315
c) 199 d) 201
31. The criteria for an ideal estimator are (01)
a) Unbiasedness, consistency, efficiency and b) Unbiasedness, expectation, sampling
sufficiency and estimation
c) Estimation, consistency, sufficiency and d) Estimation, expectation, unbiasedness and
efficiency sufficiency.
32. If the population SD is known to be 5 for a population containing 80 units, then the standard error
of sample mean for a sample of size 25 without replacement is (02)
a) 5 b) 0.20
c) 1 d) 0.83
33. Theoretically, G.M. is the best average in the construction of index nos. but in practice, mostly
the A.M. is used (02)
a) False b) True
c) Both d) None
34. Index no. is equal to (03)
a) sum of price relatives b) average of the price relatives
c) product of price relative d) None
35. If the covariance between two variables is 20 and the variance of one of the variables is 16, what
would be the variance of the other variable? (03)
a) More than 100 b) More than 10
c) Less than 10 d) More than 1.25
36. If y = 3x + 4 is the regression line of y on x and the arithmetic mean of x is –1, what is the
arithmetic mean of y? (03)
a) 1 b) – 1
c) 7 d) None
37. The two lines of regression are given by 8x + 10y = 25 and 16x + 5y = 12 respectively.
If the variance of x is 25, what is the standard deviation of y? (03)
a) 16 b) 8
c) 64 d) 4
38. For two variables x and y, it is known that cov (x, y) = 80, variance of x is 16 and sum of squares
of deviation of y from its mean is 250. The number of observations for this bivariate data is (03)
a) 7 b) 8
c) 9 d) 10
39. An experiment succeeds thrice as after it fails. If the experiment is repeated 5 times, what is the
probability of having no success at all? (03)
a) 1/512 b) 1/1024
c) 1/256 d) None
40. The manufacturer of a certain electronic component is certain that two percent of his product is
defective. He sells the components in boxes of 120 and guarantees that not more than two per
cent in any box will be defective. Find the probability that a box, selected at random, would fail
to meet the guarantee? Given that e–2.40 = 0.0907. (03)
a) 0.3078 b) 0.241
c) 0.43 d) 0.1107
Prepared By: Dawood Shahid CPA, CA(f) MPhil, MBA, OCE
41. The weights of bags of sugar produced by a factory have a standard deviation of 15g. A sample is
taken, to determine the mean weight to within 2g with 95% confidence. (03)
a) 111 b) 217
c) 221 d) 285
42. In a sample of 80 voters, 36 said they thought there would be a change of government at the next
general election. What is the 99% confidence interval for the proportion of all the voters who
think there will be such a change? (03)
a) 0.45 ± 0.092 b) 0.45 ± 0.109
c) 0.45 ± 0.130 d) 0.45 ± 0.144
Prepared By: Dawood Shahid CPA, CA(f) MPhil, MBA, OCE
