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Created on March 10, 2026 By

CA Sonal Saboo

CMA Foundation

Foundation FBMS PN-3 Quiz 5

This quiz is based on the CMA Fundamentals of Business Mathematics and Statistics paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA FBMS concepts.

1 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

1. Σ(X − X) is always equal to :

a. 1;

b. -1;

c. 0;

d. ∞;

2 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

2. å20 x = 54120 ; While computing x=1 this, it was observed that two entries were wrongly entered as 850 and 320 instead of 580 and 230. Correct value of x is:

a. 2688;

b. 2746.5;

c. 2720;

d. 2662;

3 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

The mean of the frequency distribution ((x f1, 1), (x2, f2), (x3, f3) ..................... (xn, fn)) is :

a. Σx / Σf

b. Σx / n

c. Σfx / n

d. Σfx / Σf

4 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

4. Because of heavy rain on Sunday average rainfall of a city for the week increased to 0.6 inch from the average rainfall 0.3 inch measured from Monday to Saturday. The rainfall on Sunday was-

a. 2.4 inch;

b. 0.3 inch;

c. 2.1 inch;

d. 1.5 inch

5 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

5. Which one of the following is a Positional Average?

a. Geometric Mean;

b. Harmonic Mean;

c. Mode;

d. Progressive Average;

6 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

6. With respect to accuracy :

a. Diagrammatic presentation is preferable to Tabular presentation

b. Textual presentation is preferable to diagrammatic presentation

c. Tabular presentation is preferable to Diagrammatic presentation

d. Textual presentation is preferable to Tabular presentation

7 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

7. Tabulation is preferred to textual presentation because :

a. Tabulation never compares between rows and columns

b. Tabulation is a must for diagrammatic representation

c. Tabulation does not require complex statistical analysis

d. Tabulation always get constructed with simple data

8 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

8. Tabulation Condenses classified data so that:

a. Data may be more easily understood

b. Data may be easily presented textually

c. Data may be more easily synchronized

d. More comprehensive secondary result could be obtained

9 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

9. Dichotomous Classification is :

a. When data is classified according to presence or absence of two attributes

b. When data is classified into two groups containing all the attributes

c. When data is classified according to presence of two attributes

d. When data is classified into two groups according to presence or absence of one attribute

10 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

10. When the basis of classification is according to differences in time it is called

a. Temporal Classification

b. Quantitative Classification

c. Spatial Classification

d. Qualitative Classification

11 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

11. Which one of the following is a characteristic of a good classification?

a. Classification should be heterogeneous

b. Classified groups must have overlapping data

c. Classification should be stable

d. Classification should be inclusive

12 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

12. In Statistics classification :

a. Separates data into different unrelated parts

b. Separates data into different dispersed groups

c. Separates data into different but related parts

d. Separates data into different modal groups

13 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

13. Classification of data is :

a. The process of arranging things in groups or classes according to their common frequencies

b. The process of arranging things in groups or classes according to their common characteristics and affinities

c. The process of arranging things in groups or classes according to their common differences and tally marks

d. The process of arranging things in groups or classes according to their common deviations from respective mean

14 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

14. Which one of the following is a method of collecting primary data?

a. Information collected through newspapers and periodicals

b. Information obtained from the publications of trade associations

c. Information collected by Government through Census

d. Information gathered from research paper published in research journal

15 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

15. There are four person named A, B, C, & D. A is a sales person whereas B, C, D are students. A collected sales figures for his region and B, C, D used these data in order to study sales pattern. Which one of the following is correct?

a. B uses secondary data

b. A & B both are using primary data

c. A, B, C, D all are using secondary data

d. B, C, D are using primary data

16 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

16. Raw data is :

a. Information which can be interpreted to take decision

b. Information which can’t be put to use directly

c. Information which is not amenable to conversion

d. Information which are useless

17 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

17. Find the odd man out from the following :

a. Regression

b. Kurtosis

c. Sampling

d. Central Tendency

18 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

18. Measurement of skewness is :

a. Analysis of data

b. Presentation of data

c. Organisation of data

d. Interpretation of data

19 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

19. Statistics in singular sense has :

a. 5 stages

b. 6 stages

c. 2 stages

d. 4 stages

20 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

20. Which one of the following is not a characteristic of Plural form of Statistics?

a. Statistics should be collected for a pre- determined purpose

b. Statistics should be enumerated or estimated

c. Statistics are always graphically expressed

d. Statistics are affected by a large number of causes

21 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

21. The word statistics in singular form means :

a. The science of statistics that collect data in a systematic manner with some definite aim or object towards further analysis in graphical way

b. The numerical data collected in a systematic manner with some definite aim or object in view such as the number of persons unemployed in a country.

c. The numerical data collected in a systematic manner for analysing the state of affairs with the help of mathematical applications

d. The science of statistics that deals with the principles, devices or statistical methods of collecting, analyzing and interpreting numerical data

22 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

22. The word statistics in plural form means :

a. The science of statistics that collect data in a systematic manner with some definite aim or object towards further analysis in graphical way

b. The numerical data collected in a systematic manner with some definite aim or object in view such as the number of persons unemployed in a country.

c. The numerical data collected in a systematic manner for analysing the state of affairs with the help of mathematical applications

d. The science of statistics that deals with the principles, devices or statistical methods of collecting, analyzing and interpreting numerical data

23 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

23. Statistics is a tool in the hands of mankind :

a. To translate complex facts into simple and understandable statements of facts

b. To translate statistical information into mathematical statements of facts

c. To translate business information into simple and understandable statements of facts

d. To translate complex facts into presentable forms through tables and diagrams

24 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

24. Which one of the following has synonymous words?

a. Status, Staistik, Statista

b. Staistik, Statista, Stats

c. Statistic, Statistia, Stats

d. Statistic, Statistia, Status

25 / 25

Category: Fundamental of Business Mathematics and Statistics PN-3

25. The word ‘Statistics’ has been derived from the Latin word ‘Status’ which means :

a. A numerical state

b. A mathematical state

c. A neutral state

d. A political state

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Foundation PN-3 FBMS Quiz 5

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