Test Series: October 2021

MOCK TEST PAPER 1

FOUNDATION COURSE
PAPER 3: BUSINESS MATHEMATICS, LOGICAL REASONING AND STATISTICS
Time: 2 Hours Marks: 100
Part A: Business Mathematics and Logical Reasoning

1 1 1 1
1. If x: y = 3:5, then find + : − 
x y x y
(a) 2
(b) 4
(c) 6
(d) 8
2. if A: B = 3:5 and B:C= 5:4 , C:D = 2:3 and D is 50% more than E, find the ratio between A and E
(a) 2:3
(b) 3:4
(c) 3:5
(d) 4:5
3. Find the value of 6561 + 4 6561 + 8 6561
(a) 81
(b) 93
(c) 121
(d) 243
xn yn zn
4. Find the value of log n + log n + log n
y z x
(a) -1
(b) 0
(c) 1
(d) 2
8n × 23 × 16−1 1
5. If = then the value of n
2n × 42 4
(a) 1
(b) 3
3
(c)
2

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 2
(d)
3
x +1 x 3
6. Given the Quadratic Equation − =
x x +1 2
(a) 1 and -2/3
(b) -1 and 2/3
(c) -1 and -2/3
(d) 1 and 2/3
7. A dealer has only ` 5760 to invest in fans (x) and sewing machines (y). The cost per unit of fan and
sewing machine is `360 and ` 240 respectively. This can be shown by:
(a) 360x + 240y > 5760
(b) 360x + 240y < 5760
(c) 360x + 240y = 5760
(d) none of these
8. The point of intersection between the lines 3x+ 4y = 7 and 4x –y = 3 lie in the
(a) 1st quadrant.
(b) 2nd quadrant.
(c) 3rd quadrant
(d) 4th quadrant.
9. The roots of equation 9x+2 – 6.3 x+1 + 1 = 0 are
(a) -2
(b) 2
(c) 2
(d) 0
10. The roots of the equation x 2 − x + 1 = 0 are
(a) Imaginary and unequal
(b) Real and unequal
(c) Real and equal
(d) Imaginary and equal
11. If one root of the quadratic equation is 2 + 3 , the equation is ______
(a) x 2 − 4x + 1 = 0

(b) x2 + 4x + 1 = 0
(c) x 2 − 4x − 1 = 0
(d) none of these

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 25 x
12. If 1+ = 1 + , then x is
144 12
(a) 1
(b) 2
(c) 3
(d) 0
13. A sum of `46,875 was lent out at simple interest and at the end of 1 year 8 months, the total amount
was ` 50,000. Find the rate of interest per annum.
(a) 8%
(b) 4%
(c) 12%
(d) None
14. A sum of money amount to ` 6,200 in 2 years and ` 7,400 in 3 years. The principal and rate of interest
are
(a) ` 3,800, 31.57%
(b) ` 3,000, 20%
(c) ` 3,500, 15%
(d) none of these
15. The effective rate of interest corresponding to a nominal rate 3% p.a payable half yearly is
(a) 3.2% p.a
(b) 3.25% p.a
(c) 3.0225% p.a
(d) none of these
16. A sum of money gets doubled in 5 years at X% simple interest. If the interest was Y%, the sum of
money would have become ten-fold in thirty years. What is Y – X (in %)
(a) 10
(b) 5
(c) 8
(d) None of the above
17. The nominal rate of growth is 17% and inflation is 9% for the five years. Let P be the Gross Domestic
Product (GDP) amount at the present year then the projected real GDP after 6 years is
(a) 1.587P
(b) 1.921 P
(c) 1.403 P
(d) 2.51 P

18. The difference between Compound Interest and Simple Interest on a certain sum for 2 years at 6%
p.a. is ` 13.50. Find the sum

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 (a) 3750
(b) 2750
(c) 4750
(d) none
19. The sum required to earn a monthly interest of Rs 1200 at 18% per annum Simple Interest is
(a) ` 50,000
(b) ` 60,000
(c) ` 80,000
(d) none of these
20. The compound interest earned by a money lender on ` 7,000 for 3 years if the rate of interest for 3
years are 7%, 8% and 8.5% respectively is
(a) ` 1750
(b) `1800
(c) ` 1776
(d) none of these
21. Find the present value of an annuity of ` 1,000 payable at the end of each year for 10 years, if the
money is worth 5% effective.
(a) ` 7,724
(b) ` 7000
(c) ` 8000
(d) none of these
22. The present value of annuity of `3,000 per annum for 15 years at 4.5% p.a C.I. annually is
(a) ` 23,809.41
(b) ` 32,214.60
(c) ` 32,908.41
(d) none of these
23. A person desires to create a fund to be invested at 10% CI per annum to provide for a prize of ` 300
every year. Using V = a/I find V and V will be
(a) ` 2,000
(b) ` 2,500
(c) ` 3,000
(d) none of these
24. The future value of annuity of `2000 for 5 years at 5 % compounded annually is given (in nearest `)
as
(a) ` 11, 051
(b) ` 21,021
(c) ` 1,56,24
(d) ` 61254

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25. A Maruti Zen cost ` 3,60,000. Its price depreciates at the rate of 10% of a year during the first two
years and at the rate of 20% in third year. Find the total depreciation.
(a) ` 1,26,720
(b) ` 1,15,620
(c) ` 1,25,000
(d) ` 1,10,520
26. Find the value of n if (n+1)! = 42 (n–1)!
(a) 6
(b) -7
(c) 7
(d) -6
27. If n P13 : n+1P12 =3 : 4 then value of n is

(a) 15
(b) 14
(c) 13
(d) 12
28. A question paper contains 6 questions, each having an alternative. The number of ways an examiner
can answer one or more questions is
(a) 720
(b) 728
(c) 729
(d) none of these
29. 5
C 1 + 5 C 2 + 5 C 3 + 5 C 4 + 5 C 5 is equal to _______
(a) 30
(b) 31
(c) 32
(d) 35
30. The second term of a G P is 24 and the fifth term is 81. The series is
(a) 16, 36, 24, 54…..
(b) 24, 36, 53… …
(c) 16, 24, 36, 54,……
(d) none of these
31. The sum of progression (a+b), a, (a–b)........n term is
n
(a) [2a+(n–1)b]
2
n
(b) [2a+(3–n)b]
2

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 n
(c) [2a+(3–n)]
2
n
(d) [2a+ (n–1)]
2

32. The series 1 + 10 −1 + 10 −2 + 10 −3.... to ∞ is

(a) 9/10
(b) 1/10
(c) 10/9
(d) none of these
n 
33. Find the sum of first twenty-five terms of A.P. series whose nth term is  + 2  .
5 
(a) 105
(b) 115
(c) 125
(d) 135
34. Find g o f for the functions f (x) = x , g (x) = 2x2+1
(a) 2x2+1
(b) 2x+1
(c) 2x2+1) ( x )
(d) x
x +1 f (3)
35. If f(x)=x2 –1 and g(x) = , then is
2 f (3) + g(3)
(a) 5/4
(b) 4/5
(c) 3/5
(d) 5/3
36. If A = {2,3}, B = {4,5}, C = {5,6} then AX (B∩C) is
(a) {(2,5), (3,5)}
(b) {(4,2), (4,6)}
(c) {(4,3), (4,2)}
(d) none of these
37. if f(x) = x2/ex , then f′(–1) is equal to
(a) -3e
(b) 1/e
(c) e
(d) none of these
6

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 dy
38. If y = e 2x
, is calculated as
dx
2x
e
(a)
2x
2x
(b) e
2x
e
(c)
2x
(d) none of these
5
x2
39. Evaluate: ∫
0
x 2 + (5 − x) 2
dx

(a) 2.5
(b) 0
(c) -1
(d) 2
 1 1 
40. Evaluate: ∫  logx - (logx) 2  dx

1
(a) +c
log x

x
(b) +c
log x

x
(c) − +c
log x

(d) None of these

41. Find next term of the series 3,10,29,66, 127,?
(a) 164
(b) 187
(c) 216
(d) 218
42 Which number should come next 7, 26,63,124,215, 342,?
(a) 391
(b) 421
(c) 481
(d) 511
43 Find out the wrong number. 10,14,28,32,64,68,132

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 (a) 28
(b) 32
(c) 64
(d) 132
44. In a certain code ‘SOUTHERN’ is written as ‘UVPTMQDG’. How is ‘MARIGOLD’ written in that code?
(a) JSBCNFKS
(b) JSBNHPME
(c) JSBNCKNF
(d) NBSKCJNF
45. In a certain code ‘PRISM’ is written as ‘OSHTL’ and ‘RUBLE’ is written as ‘QVAMD’. How will
‘WHORL’ be written in that code?
(a) XISPM
(b) VINSK
(c) UINSK
(d) XGPQM
46 A is the son of C; C and Q are the sisters; Z is the mother of Q and P is the son of Z. Which of the
following statements is true?
(a) A and P are cousins
(b) C and P are sisters
(c) P is the maternal uncle of A
(d) A is the maternal uncle of P
47. ‘X @ Y’ means ‘X is the mother of Y;
‘X $ Y’ means ‘X is the husband of Y;
‘X # Y’ means ‘X is the sister of Y’.
‘X * Y’ means ‘X is the son of Y’.
Which of the following indicates the relationship 'A is daughter of P'?
(a) P @ B # F * A
(b) P @ B # A * F
(c) A # F * B @ P
(d) A # F * B $ P
(From Q.48 to Q.49) Read the following information carefully and answer the questions given below?
There are six children playing football, namely P, Q, R, S, T and U. P and T are bothers, U is sister of T, R
is the only son of P’s uncle, Q and S are the daughters of the only brother of R’s father
48. How many female players are there?
(a) one
(b) two
(c) three
(d) Four
8

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49. How is S is related to P
(a) Uncle
(b) Sister
(c) Niece
(d) Cousin
50. Pointing towards photograph. Vinod said, “she is the daughter of my wife’s mother’s only daughter”.
How is Vinod is related to the girl in the Photograph?
(a) Cousin
(b) Uncle
(c) Father
(d) None
51. Raju walks northwards. After a while, he turns to his right and a little further to his left. Finally, after
walking a distance of one kilometre, he turns to his left again. In which direction is he moving now?
(a) North
(b) South
(c) East
(d) West
52. Ravi wants to go to the College. He starts from his home, which is in the East and comes to a
crossing. The road to the left ends in a theatre, straight ahead is the hospital. In which direction is the
College?
(a) North
(b) South
(c) East
(d) West
53. A man is facing south. He turns 135° in the anticlockwise direction and then 180° in the clockwise
direction. Which direction is he facing now?
(a) North-East
(b) North-West
(c) South-East
(d) South-West
54. Rakesh moves towards South-East a distance of 7 m, then he moves towards West and travels a
distance of 14 m. From here he moves towards North-West a distance of 7 m and finally he moves a
distance of 4 m towards East and stood at that point. How far is the starting point from where he
stood?
(a) 3 m
(b) 4 m
(c) 10 m
(d) 11 m

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55. A and B start moving towards each other from two places 200 m apart. After walked 60 m, B turns left
and goes 20 m, then he turns right and goes 40 m. He then turns right again and comes back to the
road on which he had started walking. If A and B walk with the same speed, what is the distance
between them now?
(a) 20 m
(b) 30 m
(c) 40 m
(d) 50 m
(56-58) Study the following information carefully to answer the questions given below. P, T, V, R, M, D, K
and W are sitting around a circle table facing the centre. V is second to the left of T. T is fourth to the right
of M. D and P are not immediate neighbours of T. D is third to the right of P. W is not an immediate
neighbour of P. P is to the immediate left of K.
56. Who is Second to the left of K?
(a) P
(b) R
(c) M
(d) W
57. Who is the immediate left of V?
(a) D
(b) M
(c) W
(d) None of these
58. What is R’s Position with respect to V?
(a) Third to the right
(b) Fifth to the right
(c) Third to the left
(d) Second to the left
59. 8 Persons A, B, C, D, E, F, G and H are sitting in two rows opposite to each other. Each row has four
persons. B and C are sitting in front of each other. C is between D and E. H is sitting immediate left of
E. H and F are diagonally opposite. G and B are not near to each other. Who is in front of A?
(a) E
(b) D
(c) C
(d) B
60. A group of seven singers, facing the audience, are standing in a line on the stage as follow.
(i) D is the right of C.
(ii) F is stand beside G.
(iii) B is to the left of F.
(iv) C and B are one person between them.
(Vi) A and D have one person between them.

10

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 Who is sitting on the second from extreme right?
(a) D
(b) F
(c) G
(d) E
Part B: Statistics
61. Statistics is concerned with
(a) Qualitative information
(b) Quantitative information
(c) (a) or (b)
(d) Both (a) and (b).
62. The primary data are collected by
(a) Interview method
(b) Observation method
(c) Questionnaire method
(d) All these.
63. The following data relate to the incomes of 86 persons:
Income in ` : 500–999 1000–1499 1500–1999 2000–2499
No. of persons : 15 28 36 7
What is the percentage of persons earning more than Rs? 1500?
(a) 50
(b) 45
(c) 40
(d) 60
64. The following data relate to the marks of a group of students:
Marks: Below 10 Below 20 Below 30 Below 40 Below 50
No. of students: 15 38 65 84 100
How many students got marks more than 30?
(a) 65
(b) 50
(c) 35
(d) 43
65. The curve obtained by joining the points, whose x- coordinates are the upper limits of the class-
intervals and y coordinates are corresponding cumulative frequencies is called
(a) Ogive
(b) Histogram
(c) Frequency Polygon

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 (d) Frequency Curve
66. If x and y are related by x–y–10 = 0 and mode of x is known to be 23, then the mode of y is
(a) 20
(b) 13
(c) 3
(d) 23
67. If there are two groups with 75 and 65 as harmonic means and containing 15 and 13 observations
then the combined HM is given by
(a) 65
(b) 70.36
(c) 70
(d) 71
68. If the quartile deviation of x is 6 and 3x + 6y = 20, what is the quartile deviation of y?
(a) 3
(b) 4
(c) 5
(d) 6
69. Which one is an absolute measure of dispersion?
(a) Range
(b) Mean Deviation
(c) Standard Deviation
(d) All these measures
70. The median of 27, 30, 26, 44, 42, 51, 37 is
(a) 30
(b) 42
(c) 44
(d) 37
71. Mean of 25,32,43,53,62,59,48,31,24,33 is
(a) 44
(b) 43
(c) 42
(d) 41
72. If the A.M of any distribution be 25 & one term is 18. Then the deviation of 18 from A.M is
(a) 7
(b) -7
(c) 43
(d) none
73. The algebraic sum of the deviations of a frequency distribution from its mean is always,

12

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 (a) greater than zero
(b) less than zero
(c) zero
(d) a non-zero number
74. Pooled Mean is also called
(a) Mean
(b) Geometric Mean
(c) Grouped Mean
(d) none
75. If x and y are related by y = 2x+ 5 and the SD and AM of x are known to be 5 and 10 respectively, then
the coefficient of variation of y is
(a) 25
(b) 30
(c) 40
(d) 20
76. Following are the wages of 8 workers in rupees: 50, 62, 40, 70, 45, 56, 32, 45. If one of the workers is
selected at random, what is the probability that his wage would be lower than the average wage?
(a) 0.625
(b) 0.500
(c) 0.375
(d) 0.450
77. Given that for two events A and B, P (A) = 3/5, P (B) = 2/3 and P (AUB) = 3/4, what is P (A/B)?
(a) 0.655
(b) 13/60
(c) 31/60
(d) 0.775
78. A problem in probability was given to three CA students A, B and C whose chances of solving it are
1/3, 1/5 and 1/2 respectively. What is the probability that the problem would be solved?
(a) 4/15
(b) 7/8
(c) 8/15
(d) 11/15
79. A packet of 10 electronic components is known to include 2 defectives. If a sample of 4 components is
selected at random from the packet, what is the probability that the sample does not contain more than
1 defective?
(a) 1/3
(b) 2/3
(c) 13/15

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 (d) 3/15
80. The probability that there is at least one error in an account statement prepared by 3 persons A, B and
C are 0.2, 0.3 and 0.1 respectively. If A, B and C prepare 60, 70 and 90 such statements, then the
expected number of correct statements
(a) 170
(b) 176
(c) 178
(d) 180
81. A bag contains 6 white and 4 red balls. If a person draws 2 balls and receives ` 10 and ` 20 for a
white and red balls respectively, then his expected amount is
(a) ` 25
(b) ` 26
(c) ` 29
(d) ` 28
82. What is the first quartile of X having the following probability density function?
−( x −10 )
2

1
f(x) = e 72
for – ∞ < x < ∞
72π
(a) 4
(b) 5
(c) 5.95
(d) 6.75
83. If the points of inflexion of a normal curve are 40 and 60 respectively, then its mean deviation is
(a) 40
(b) 45
(c) 50
(d) 60
84. If X follows normal distribution with μ = 50 and σ = 10, what is the value of
P (x ≤ 60 / x > 50)?
(a) 0.8413
(b) 0.6828
(c) 0.1587
(d) 0.7256
85. For a normal distribution with mean as 500 and SD as 120, what is the value of k so that the interval
[500, k] covers 40.32 per cent area of the normal curve? [Given φ (1.30) = 0.9032.]
(a) 740
(b) 750
(c) 656
(d) 800

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86. If the mean deviation of a normal variable is 16, what is its quartile deviation?
(a) 10.00.
(b) 13.50.
(c) 15.00.
(d) 12.05.
87. For a Poisson variate X, P (X = 1) = P (X = 2). What is the mean of X?
(a) 1.00.
(b) 1.50.
(c) 2.00.
(d) 2.50.
88. For a Poisson distribution,
(a) mean and standard deviation are equal.
(b) mean and variance are equal.
(c) standard deviation and variance are equal.
(d) both (a) and (b).
89. The variance of a binomial distribution with parameters n and p is
(a) np2 (1 – p).

(b) np (1 − p )
(c) nq (1 – q)
(d) n2p2 (1– p)2
90. For a p x q classification of bivariate data, the maximum number of conditional distributions is
(a) p
(b) p + q
(c) pq
(d) p or q
91. For a p x q bivariate frequency table, the maximum number of marginal distributions is
(a) p
(b) p + q
(c) 1
(d) 2
92. If the coefficient of correlation between two variables is 0.7 then the percentage of variation
unaccounted for is
(a) 70%
(b) 30%
(c) 51%
(d) 49%

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93. 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?
(a) S2y ≥25
(b) More than 10
(c) Less than 10
(d) More than 1.25
94. If the regression line of y on x and of x on y are given by 2x + 3y = –1 and 5x + 6y = –1 then the
arithmetic means of x and y are given by
(a) (1, –1)
(b) (–1, 1)
(c) (–1, –1)
(d) (2, 3)
95. _________________ satisfies circular test
(a) G.M. of price relatives or the weighted aggregate with fixed weights
(b) A.M. of price relatives or the weighted aggregate with fixed weights
(c) H.M. of price relatives or the weighted aggregate with fixed weights
(d) none
96. From the following data for the 5 groups combined
Group Weight Index Number
Food 35 425
Cloth 15 235
Power & Fuel 20 215
Rent & Rates 8 115
Miscellaneous 22 150
The general Index number is
(a) 270
(b) 269.2
(c) 268.5
(d) 272.5
97. Laspyres formula does not satisfy
(a) Factor Reversal Test
(b) Time Reversal Test
(c) Circular Test
(d) All the above
98. If ΣP0Q0 = 1360, ΣPnQ0 = 1900, ΣPnQn = 1880 then the Laspeyre’s Index number is
(a) 71
(b) 139.71
(c) 175
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 (d) None of these.
99. The consumer price Index for April 1985 was 125. The food price index was 120 and other items index
was 135. The percentage of the total weight of the index is
(a) 66.67
(b) 68.28
(c) 90.25
(d) None of these.
100. Net monthly salary of an employee was ` 3000 in 1980. The consumer price index number in 1985 is
250 with 1980 as base year. If the has to be rightly compensated then, 7th dearness allowances to be
paid to the employee is :
(a) ` 4.800
(b) ` 4,700
(c) ` 4,500
(d) None of these.

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