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Foundation PN-3 FBMS Quiz 8

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Created on By CA Sonal Saboo

CMA Foundation

Foundation FBMS PN-3 Quiz 8

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. Consider the following table:

CommodityWeightBase Price (₹)Current Price (₹)
A401630
B254070
C50.51.5
D205.127.25
E1022.5

Weighted A.M price relative index is

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Category: Fundamental of Business Mathematics and Statistics PN-3

2. From the following series find out a three year weighted moving average against year 4 with weights 1,4,1 is :

Year  1  2  3  4  5  6   7

Values 12 14 15 17  18  20  23

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Category: Fundamental of Business Mathematics and Statistics PN-3

3. From the following series find out a three year moving average against year 4 is

Year  1  2  3  4  5   6  7

Values 12 14  15 17  18  20  23

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Category: Fundamental of Business Mathematics and Statistics PN-3

4. From the following data the four year centered moving average against year 6

Year 1 2  3  4  5  6  7  8  9

Sales

(`) 36 43 43 34 44 54 34 24 14

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Category: Fundamental of Business Mathematics and Statistics PN-3

5. From the following data the five year moving average against year 5

Year 1 2 3 4  5  6  7  8  9

Sales

(`) 36 43 43 34 44 54 34 24 14

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Category: Fundamental of Business Mathematics and Statistics PN-3

6. From the following find the Simple average (GM) of Relative Quantity index

ItemBase Year QtyCurrent Year Qty
A812
B1011
C1510

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Category: Fundamental of Business Mathematics and Statistics PN-3

7. From the following find the Simple average (AM) of Relative Quantity index

ItemBase Year QtyCurrent Year Qty
A812
B1011
C1510

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Category: Fundamental of Business Mathematics and Statistics PN-3

8. From the following find the Fisher’s Quantity index

ItemBase Year Unit PriceBase Year QtyCurrent Year Unit PriceCurrent Year Qty
A86125
B105116
C17885

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Category: Fundamental of Business Mathematics and Statistics PN-3

9. Consider the following:

CommodityBase Price (₹)Current Price (₹)Weight
A22408
B15156
C80907
D1101303
E25305

Weighted A.M of price relative index number is

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Category: Fundamental of Business Mathematics and Statistics PN-3

10. Consider the following:

CommodityBase Price (₹)Current Price (₹)Weight
A22408
B15156
C80907
D1101303
E25305

Weighted aggregative index number is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

11. Consider the following series of observation.

Year        1 2 3 4 5 6 7 8 9 10 11

Sales (`)  2 6 1 5 3 7 2 6 4 8 3

5 year moving average against year 6 is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

12. Consider the following series of observation.

Year        1 2 3 4 5 6 7 8 9 10 11

Sales (`) 2 6 1 5 3 7 2 6 4 8 3

5 year weighted moving average with weights 1, 2, 2, 2, 1 against year 6 is

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Category: Fundamental of Business Mathematics and Statistics PN-3

13. Consider the following series of observation:

Year      1 2 3 4 5 6 7  8 9 10 11

Sales (`) 2 6 1 5 3 7 2 6 4 8  3

4 year centered moving average against year 6 is

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Category: Fundamental of Business Mathematics and Statistics PN-3

14. Fisher’s ideal index for prices from the following data is:

Item                           Base Year            Current Year

Unit Price   Qty.   Unit Price   Qty.

A      8                6               12          5

B      10              5                11         6

C      15               8              10            5

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Category: Fundamental of Business Mathematics and Statistics PN-3

15. Consider the following table:

Item        Year 1                   Year 2 Unit Price Qty. Unit Price Qty.

I           1          16            3          15

II          3          15            8          20

III        5          18            10        21

Pasche’s price index of year 2 with respect to year 1 is

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Category: Fundamental of Business Mathematics and Statistics PN-3

16. Consider the following:

Year: 1  2  3  4  5  6 7      8

Annual Sales (`’0000)

3.6 4.3 4.3 3.4 4.4 5.4 3.4 2.4

4 year centered moving average against year 6 is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

17. Consider the following:

Year: 1    2     3     4     5  6  7    8

Annual Sales (` ’0000)

3.6 4.3 4.3 3.4 4.4 5.4 3.4 2.4

5 year moving average against year 4 is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

18. From the data given below the wholesale price index number for the year 1 taking year 0 as base using simple arithmetic average of relatives method is :

Commodity Price year  Price year

0                  1

A             80             120

B             120            150

C              40               80

D             100            150

E              200          240

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Category: Fundamental of Business Mathematics and Statistics PN-3

19. By using arithmetic mean method the index number from the following data is

Commodity     Base price   Current price   Weight

Rice                   30                   52                      8

Wheat               25                   30                      6

Fish                  130                 150                     3

Potato               35                   49                      5

Oil                     70                   105                     7

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Category: Fundamental of Business Mathematics and Statistics PN-3

20. A bag contains 10 red and 10 green balls. A ball is drawn from it. The probability that it will be green is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

21. 4 coins are tossed. The probability that there are 2 heads is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

22. Probability of throwing an even number with an ordinary six faced die is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

23. Two dice are thrown together. The probability of the event that the sum of numbers shown is greater than 5 is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

24. Three coins are tossed together. The probability of getting exactly two heads is :

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Category: Fundamental of Business Mathematics and Statistics PN-3

25. A bag contains 30 balls numbered from 1 to 30. One ball is drawn at random. The probability that the number of the drawn ball will be multiple of 3 or 7 is :

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