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Created on April 18, 2026 By

CA Sonal Saboo

CMA Inter

Inter FMDA PN-11 Quiz 7

This quiz is based on the CMA Financial Management and Business Data Analytics paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA FMDA concepts.

1 / 25

Category: Financial Management and Business Data Analytics PN-11

What does the term "break-even point" refer to?

a. The point where expenses are double the income

b. The point at which total revenue equals total costs

c. The point where profits are at their maximum

d. The time when a firm repays its debts

2 / 25

Category: Financial Management and Business Data Analytics PN-11

In recent years, business intelligence has expanded to incorporate more procedures and activities designed to enhance performance. These procedures consist of:

a. Data mining

b. Reporting

c. Querying

d. All of the above

3 / 25

Category: Financial Management and Business Data Analytics PN-11

On the basis of the type of “signal” or “feedback” provided to the learning system, which of the following is not a type of machine learning?

a. Supervised learning

b. Unsupervised learning

c. Semi supervised learning

d. Robotic Process learning

4 / 25

Category: Financial Management and Business Data Analytics PN-11

Which of the following is/ are the types of cloud computing?

a. Private cloud

b. Public cloud

c. Hybrid cloud

d. All of the above

5 / 25

Category: Financial Management and Business Data Analytics PN-11

XBRL is the abbreviated form of:

a. eXtensible Business Reporting Language

b. eXtensive Business Reporting Language

c. eXtended Business Reporting Language

d. eXtensive Business Reporting Language

6 / 25

Category: Financial Management and Business Data Analytics PN-11

XML is the abbreviated form of:

a. Extensible mark-up language

b. Extended mark-up language

c. Extendable mark-up language

d. Extensive mark-up language

7 / 25

Category: Financial Management and Business Data Analytics PN-11

Which of the following is/ are the technique/s of data mining?

a. Association rules

b. Neural network

c. Decision tree

d. All of the above

8 / 25

Category: Financial Management and Business Data Analytics PN-11

Which of the following is/ are the benefit/ benefits of data analytics?

a. Improves decision making process

b. Increase in efficiency of operations

c. Improved service to stakeholders

d. All of the above

9 / 25

Category: Financial Management and Business Data Analytics PN-11

Which of the following is a data discovery platform that enables users to make quicker, more informed choices by speeding analytics, uncovering new business insights, and enhancing the precision of outcomes?

a. Microsoft Excel

b. Microsoft Power BI

c. QlikView

d. Tableau

10 / 25

Category: Financial Management and Business Data Analytics PN-11

is a set of skills that aims to identify, find, modify, format, and present data in a manner that ideally conveys meaning and provides insight.

a. Data Presentation Architecture

b. Data Presentation Hierarchy

c. Data Visualization Architecture

d. None of the above

11 / 25

Category: Financial Management and Business Data Analytics PN-11

A chart depicts tasks that must be accomplished before others may begin, as well as the allocation of resources.

a. Bubble

b. Gantt

c. Scatter

d. Density

12 / 25

Category: Financial Management and Business Data Analytics PN-11

A scatter plot displays several unique data points:

a. on a single graph

b. On two different graphs

c. On four different graphs

d. None of the above

13 / 25

Category: Financial Management and Business Data Analytics PN-11

Maps may be used for displaying:

a. Pincode

b. Country name

c. State abbreviation

d. All of the above

14 / 25

Category: Financial Management and Business Data Analytics PN-11

Following are the scope of DPA:

a. Defining significant meaning (relevant information) required by each audience member in every scenario.

b. Obtaining the proper data (focus area, historic reach, extensiveness, level of detail, etc.)

c. Determining the needed frequency of data refreshes (the currency of the data)

d. All of the above

15 / 25

Category: Financial Management and Business Data Analytics PN-11

Following are the objectives of data visualisation:

a. Making a better data analysis

b. Faster decision making

c. Analysing complicated data

d. All of the above

16 / 25

Category: Financial Management and Business Data Analytics PN-11

Following is a widely used graph for data Visualisation:

a. Bar chart

b. Pie chart

c. Histogram

d. All of the above

17 / 25

Category: Financial Management and Business Data Analytics PN-11

The procedure that organises data into a meaningful order to make it simpler to comprehend, analyse, and visualise, is called

a. Data validation

b. Data sorting

c. Data aggregation

d. Data analysis

18 / 25

Category: Financial Management and Business Data Analytics PN-11

When independent variables with standard normal distribution are squared and added, the distribution occurs.

a. Normal

b. Chi square

c. Exponential

d. Lognormal

19 / 25

Category: Financial Management and Business Data Analytics PN-11

The probability density function describes:

a. the characteristics of a random variable

b. the characteristics of a non- random variable

c. the characteristics of a random constant

d. the characteristics of a non-random constant

20 / 25

Category: Financial Management and Business Data Analytics PN-11

The geometric distribution is a discrete distribution that assesses:

a. the probability of the occurrence of the first success

b. the probability of the occurrence of the second success

c. the probability of the occurrence of the third success

d. the probability of the occurrence of the less success

21 / 25

Category: Financial Management and Business Data Analytics PN-11

Binomial distribution applies to attributes:

a. that are categorised into two mutually exclusive and exhaustive classes

b. that are categorised into three mutually exclusive and exhaustive classes

c. that are categorised into less than two mutually exclusive and exhaustive classes

d. that are categorised into four mutually exclusive and exhaustive classes

22 / 25

Category: Financial Management and Business Data Analytics PN-11

The primary benefit of data distribution is:

a. the estimation of the probability of any certain observation within a sample space

b. the estimation of the probability of any certain observation within a non-sample space

c. the estimation of the probability of any certain observation within a population

d. the estimation of the probability of any certain observation without a non-sample space

23 / 25

Category: Financial Management and Business Data Analytics PN-11

Data science plays an important role in:

a. Risk analytics

b. Customer data management

c. Consumer analytics

d. All of the above

24 / 25

Category: Financial Management and Business Data Analytics PN-11

Which of the following is a phase for a process of digitization?

a. Justification of the proposed digitization project

b. Assessment

c. Planning

d. All of the above

25 / 25

Category: Financial Management and Business Data Analytics PN-11

Classifying equities into small-cap, mid-cap, and large-cap categories are the examples of Scale

a. Nominal

b. Ordinal

c. Interval

d. Ratio

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Inter PN-11 FMDA Quiz 7

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