Page 1
1
Mock Test Paper -2
Foundation Course
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Time: 120 Minutes Maximum Marks: 100
Part A : Business Mathematics and Logical Reasoning
1. If x:y:z = 2: 3:5 if x+ y+ z = 60 ,then the value of z
(a) 30
(b) 15
(c) 9
(d) 12
2. The ratio of two numbers is 15: 19. If a certain number is added to each term of the ratio it become 8:
9. What is the number added to each of the ratio?
(a) 6
(b) 15
(c) 17
(d) 23
3. If
2 3 2
42
a b c
= = then
3 4 5
a b c
a b c
??
??
is
(a)
11
19
(b)
17
9
(c)
19
9
(d)
19
7
4. Simplify
1
1
22
22
nn
nn
?
?
?
?
=
(a) 2
n+2
(b) 2
n
(c) 2
(d)
1
2
5. If. 2
a
= 3
b
= 12
c
then
11
+ =
ab
(a)
1
c
© The Institute of Chartered Accountants of India
Page 2
1
Mock Test Paper -2
Foundation Course
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Time: 120 Minutes Maximum Marks: 100
Part A : Business Mathematics and Logical Reasoning
1. If x:y:z = 2: 3:5 if x+ y+ z = 60 ,then the value of z
(a) 30
(b) 15
(c) 9
(d) 12
2. The ratio of two numbers is 15: 19. If a certain number is added to each term of the ratio it become 8:
9. What is the number added to each of the ratio?
(a) 6
(b) 15
(c) 17
(d) 23
3. If
2 3 2
42
a b c
= = then
3 4 5
a b c
a b c
??
??
is
(a)
11
19
(b)
17
9
(c)
19
9
(d)
19
7
4. Simplify
1
1
22
22
nn
nn
?
?
?
?
=
(a) 2
n+2
(b) 2
n
(c) 2
(d)
1
2
5. If. 2
a
= 3
b
= 12
c
then
11
+ =
ab
(a)
1
c
© The Institute of Chartered Accountants of India
2
(b)
11
-
ca
(c) -
1
c
(d) 0
6. The value of log 64512 is
(a) 9
(b) 9/2
(c) 9/4
(d) 3/2
7. The value of of (log b a log c b log a c)
3
=
(a) 1
(b) 3
(c) (log b C)
3
(d) (log c b)
3
8. If a and ß be the roots of the equation 2x
2
-4x-3=0 the value of a
2
+ß
2
is
(a) 5
(b) 7
(c) 3
(d) -4
9. If one root of the equation x
2
+ 7x+ p = 0 be reciprocal of the other then the value of p is________.
(a) 1
(b) -1
(c) 7
(d) -7
10. Let A =
23
45
??
??
??
; B=
15
67
??
??
??
then the value 3A-B
(a)
4 14
9 11
?? ??
??
??
(b)
4 14
9 11
? ??
??
??
??
(c)
4 14
9 11
? ??
??
??
(d)
54
68
??
??
??
© The Institute of Chartered Accountants of India
Page 3
1
Mock Test Paper -2
Foundation Course
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Time: 120 Minutes Maximum Marks: 100
Part A : Business Mathematics and Logical Reasoning
1. If x:y:z = 2: 3:5 if x+ y+ z = 60 ,then the value of z
(a) 30
(b) 15
(c) 9
(d) 12
2. The ratio of two numbers is 15: 19. If a certain number is added to each term of the ratio it become 8:
9. What is the number added to each of the ratio?
(a) 6
(b) 15
(c) 17
(d) 23
3. If
2 3 2
42
a b c
= = then
3 4 5
a b c
a b c
??
??
is
(a)
11
19
(b)
17
9
(c)
19
9
(d)
19
7
4. Simplify
1
1
22
22
nn
nn
?
?
?
?
=
(a) 2
n+2
(b) 2
n
(c) 2
(d)
1
2
5. If. 2
a
= 3
b
= 12
c
then
11
+ =
ab
(a)
1
c
© The Institute of Chartered Accountants of India
2
(b)
11
-
ca
(c) -
1
c
(d) 0
6. The value of log 64512 is
(a) 9
(b) 9/2
(c) 9/4
(d) 3/2
7. The value of of (log b a log c b log a c)
3
=
(a) 1
(b) 3
(c) (log b C)
3
(d) (log c b)
3
8. If a and ß be the roots of the equation 2x
2
-4x-3=0 the value of a
2
+ß
2
is
(a) 5
(b) 7
(c) 3
(d) -4
9. If one root of the equation x
2
+ 7x+ p = 0 be reciprocal of the other then the value of p is________.
(a) 1
(b) -1
(c) 7
(d) -7
10. Let A =
23
45
??
??
??
; B=
15
67
??
??
??
then the value 3A-B
(a)
4 14
9 11
?? ??
??
??
(b)
4 14
9 11
? ??
??
??
??
(c)
4 14
9 11
? ??
??
??
(d)
54
68
??
??
??
© The Institute of Chartered Accountants of India
3
11.
a b a b
b a b a
? ? ? ? ?
?
? ? ? ?
?
? ? ? ?
(a)
22
22
0
0
ab
ab
?? ?
??
?
??
(b)
22
22
0
0
ab
ab
?? ??
??
?
??
(c)
22
22
0
0
ab
ab
?? ?
??
?
??
(d)
22
22
0
0
ab
ab
?? ?
??
?
??
12. Mr. A plans to invest up to Rs. 30,000 in two stocks X and Y. Stock X(x) is priced at Rs.175 and Stock
Y(y) at Rs.95 per share. This can be shown by
(a) 175x+95y < 30,000
(b) 175x+95y > 30,000
(c) 175x+95y = 30,000
(d) None of these
13. A sum of money doubles itself at compounded interest in 10 years in how many years will it becomes
eight times?
(a) 20
(b) 30
(c) 40
(d) 35
14. A machine costs Rs .1,00, 000. The depreciation rate is 10% per annum. The scrap value of the machine
at the end of 5 years is
(a) Rs.49490
(b) Rs. 59049
(c) Rs.61029
(d) Rs.51049
15. Rs. 10,000 is invested at annual rate of interest of 10% p.a. The amount after two years at annual
compounding is
(a) Rs. 21100
(b) Rs. 12100
(c) Rs. 12110
(d) None of these
16. The annual birth rate and death rate per 1000 are 39.4 and 19.4 respectively. The number of years in
which population will be doubled assuming that there is no immigration or emigration is approximately
(a) 40 years
© The Institute of Chartered Accountants of India
Page 4
1
Mock Test Paper -2
Foundation Course
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Time: 120 Minutes Maximum Marks: 100
Part A : Business Mathematics and Logical Reasoning
1. If x:y:z = 2: 3:5 if x+ y+ z = 60 ,then the value of z
(a) 30
(b) 15
(c) 9
(d) 12
2. The ratio of two numbers is 15: 19. If a certain number is added to each term of the ratio it become 8:
9. What is the number added to each of the ratio?
(a) 6
(b) 15
(c) 17
(d) 23
3. If
2 3 2
42
a b c
= = then
3 4 5
a b c
a b c
??
??
is
(a)
11
19
(b)
17
9
(c)
19
9
(d)
19
7
4. Simplify
1
1
22
22
nn
nn
?
?
?
?
=
(a) 2
n+2
(b) 2
n
(c) 2
(d)
1
2
5. If. 2
a
= 3
b
= 12
c
then
11
+ =
ab
(a)
1
c
© The Institute of Chartered Accountants of India
2
(b)
11
-
ca
(c) -
1
c
(d) 0
6. The value of log 64512 is
(a) 9
(b) 9/2
(c) 9/4
(d) 3/2
7. The value of of (log b a log c b log a c)
3
=
(a) 1
(b) 3
(c) (log b C)
3
(d) (log c b)
3
8. If a and ß be the roots of the equation 2x
2
-4x-3=0 the value of a
2
+ß
2
is
(a) 5
(b) 7
(c) 3
(d) -4
9. If one root of the equation x
2
+ 7x+ p = 0 be reciprocal of the other then the value of p is________.
(a) 1
(b) -1
(c) 7
(d) -7
10. Let A =
23
45
??
??
??
; B=
15
67
??
??
??
then the value 3A-B
(a)
4 14
9 11
?? ??
??
??
(b)
4 14
9 11
? ??
??
??
??
(c)
4 14
9 11
? ??
??
??
(d)
54
68
??
??
??
© The Institute of Chartered Accountants of India
3
11.
a b a b
b a b a
? ? ? ? ?
?
? ? ? ?
?
? ? ? ?
(a)
22
22
0
0
ab
ab
?? ?
??
?
??
(b)
22
22
0
0
ab
ab
?? ??
??
?
??
(c)
22
22
0
0
ab
ab
?? ?
??
?
??
(d)
22
22
0
0
ab
ab
?? ?
??
?
??
12. Mr. A plans to invest up to Rs. 30,000 in two stocks X and Y. Stock X(x) is priced at Rs.175 and Stock
Y(y) at Rs.95 per share. This can be shown by
(a) 175x+95y < 30,000
(b) 175x+95y > 30,000
(c) 175x+95y = 30,000
(d) None of these
13. A sum of money doubles itself at compounded interest in 10 years in how many years will it becomes
eight times?
(a) 20
(b) 30
(c) 40
(d) 35
14. A machine costs Rs .1,00, 000. The depreciation rate is 10% per annum. The scrap value of the machine
at the end of 5 years is
(a) Rs.49490
(b) Rs. 59049
(c) Rs.61029
(d) Rs.51049
15. Rs. 10,000 is invested at annual rate of interest of 10% p.a. The amount after two years at annual
compounding is
(a) Rs. 21100
(b) Rs. 12100
(c) Rs. 12110
(d) None of these
16. The annual birth rate and death rate per 1000 are 39.4 and 19.4 respectively. The number of years in
which population will be doubled assuming that there is no immigration or emigration is approximately
(a) 40 years
© The Institute of Chartered Accountants of India
4
(b) 30 years
(c) 36 years
(d) 25 years
17. If the effective rate of interest is 12% per annum and the interest is compounded quarterly, the nominal
rate of interest per annum
(a) 11.78 %
(b) 11.21 %
(c) 11.89%
(d) 11.49 %
18. A machine can be purchased for Rs. 50, 000. Machine will be contributing Rs. 12, 000 per year for the
next five years. Assuming borrowing cost is 10% per annum. Determine whether machine should be
purchased or not
(a) Should be purchased
(b) Should not be purchased
(c) Can’t say about purchase
(d) none of the above
19. X bought a TV costing 25,000 making down payment of Rs. 5000 and agreeing to make equal annual
payment for four years. How much would be each payment if the interest on unpaid amount be 14%
compounded annually? [P(4, 0.14) = 2.91371]
(a) Rs.6864.10
(b) Rs.6850.63
(c) Rs.6859
(d) Rs.6871
20. The future value of annuity on Rs. 5000 a year for 7 years at 14% per annum compound interest is given
(1.14)
7
= 2.5023
(a) Rs.5300
(b) Rs.53653.57
(c) Rs.5480
(d) Rs.5465.23
21. Rs.5000 paid for ten years to off a loan. What is the loan amount if interest rate be 14% per annum
compounded annually? (Given P (10, 0.14) = 5.21611
(a) Rs.26080.55
(b) Rs.26580.55
(c) Rs.26280.55
(d) Rs.27080.55
22. Suppope your friend decided gift to you Rs. 10000 every year starting from today for the next five years.
Your deposit this amount in a bank as and when you receive and get 10% per annum interest
compounded annually. What is the present value of this annuity?
(a) Rs.42698.70
(b) Rs.43698.70
© The Institute of Chartered Accountants of India
Page 5
1
Mock Test Paper -2
Foundation Course
Paper 3: Business Mathematics, Logical Reasoning and Statistics
Time: 120 Minutes Maximum Marks: 100
Part A : Business Mathematics and Logical Reasoning
1. If x:y:z = 2: 3:5 if x+ y+ z = 60 ,then the value of z
(a) 30
(b) 15
(c) 9
(d) 12
2. The ratio of two numbers is 15: 19. If a certain number is added to each term of the ratio it become 8:
9. What is the number added to each of the ratio?
(a) 6
(b) 15
(c) 17
(d) 23
3. If
2 3 2
42
a b c
= = then
3 4 5
a b c
a b c
??
??
is
(a)
11
19
(b)
17
9
(c)
19
9
(d)
19
7
4. Simplify
1
1
22
22
nn
nn
?
?
?
?
=
(a) 2
n+2
(b) 2
n
(c) 2
(d)
1
2
5. If. 2
a
= 3
b
= 12
c
then
11
+ =
ab
(a)
1
c
© The Institute of Chartered Accountants of India
2
(b)
11
-
ca
(c) -
1
c
(d) 0
6. The value of log 64512 is
(a) 9
(b) 9/2
(c) 9/4
(d) 3/2
7. The value of of (log b a log c b log a c)
3
=
(a) 1
(b) 3
(c) (log b C)
3
(d) (log c b)
3
8. If a and ß be the roots of the equation 2x
2
-4x-3=0 the value of a
2
+ß
2
is
(a) 5
(b) 7
(c) 3
(d) -4
9. If one root of the equation x
2
+ 7x+ p = 0 be reciprocal of the other then the value of p is________.
(a) 1
(b) -1
(c) 7
(d) -7
10. Let A =
23
45
??
??
??
; B=
15
67
??
??
??
then the value 3A-B
(a)
4 14
9 11
?? ??
??
??
(b)
4 14
9 11
? ??
??
??
??
(c)
4 14
9 11
? ??
??
??
(d)
54
68
??
??
??
© The Institute of Chartered Accountants of India
3
11.
a b a b
b a b a
? ? ? ? ?
?
? ? ? ?
?
? ? ? ?
(a)
22
22
0
0
ab
ab
?? ?
??
?
??
(b)
22
22
0
0
ab
ab
?? ??
??
?
??
(c)
22
22
0
0
ab
ab
?? ?
??
?
??
(d)
22
22
0
0
ab
ab
?? ?
??
?
??
12. Mr. A plans to invest up to Rs. 30,000 in two stocks X and Y. Stock X(x) is priced at Rs.175 and Stock
Y(y) at Rs.95 per share. This can be shown by
(a) 175x+95y < 30,000
(b) 175x+95y > 30,000
(c) 175x+95y = 30,000
(d) None of these
13. A sum of money doubles itself at compounded interest in 10 years in how many years will it becomes
eight times?
(a) 20
(b) 30
(c) 40
(d) 35
14. A machine costs Rs .1,00, 000. The depreciation rate is 10% per annum. The scrap value of the machine
at the end of 5 years is
(a) Rs.49490
(b) Rs. 59049
(c) Rs.61029
(d) Rs.51049
15. Rs. 10,000 is invested at annual rate of interest of 10% p.a. The amount after two years at annual
compounding is
(a) Rs. 21100
(b) Rs. 12100
(c) Rs. 12110
(d) None of these
16. The annual birth rate and death rate per 1000 are 39.4 and 19.4 respectively. The number of years in
which population will be doubled assuming that there is no immigration or emigration is approximately
(a) 40 years
© The Institute of Chartered Accountants of India
4
(b) 30 years
(c) 36 years
(d) 25 years
17. If the effective rate of interest is 12% per annum and the interest is compounded quarterly, the nominal
rate of interest per annum
(a) 11.78 %
(b) 11.21 %
(c) 11.89%
(d) 11.49 %
18. A machine can be purchased for Rs. 50, 000. Machine will be contributing Rs. 12, 000 per year for the
next five years. Assuming borrowing cost is 10% per annum. Determine whether machine should be
purchased or not
(a) Should be purchased
(b) Should not be purchased
(c) Can’t say about purchase
(d) none of the above
19. X bought a TV costing 25,000 making down payment of Rs. 5000 and agreeing to make equal annual
payment for four years. How much would be each payment if the interest on unpaid amount be 14%
compounded annually? [P(4, 0.14) = 2.91371]
(a) Rs.6864.10
(b) Rs.6850.63
(c) Rs.6859
(d) Rs.6871
20. The future value of annuity on Rs. 5000 a year for 7 years at 14% per annum compound interest is given
(1.14)
7
= 2.5023
(a) Rs.5300
(b) Rs.53653.57
(c) Rs.5480
(d) Rs.5465.23
21. Rs.5000 paid for ten years to off a loan. What is the loan amount if interest rate be 14% per annum
compounded annually? (Given P (10, 0.14) = 5.21611
(a) Rs.26080.55
(b) Rs.26580.55
(c) Rs.26280.55
(d) Rs.27080.55
22. Suppope your friend decided gift to you Rs. 10000 every year starting from today for the next five years.
Your deposit this amount in a bank as and when you receive and get 10% per annum interest
compounded annually. What is the present value of this annuity?
(a) Rs.42698.70
(b) Rs.43698.70
© The Institute of Chartered Accountants of India
5
(c) Rs.45698.70
(d) Rs.41698.70
23. Rs.1000 is invested at the end of each month in an account paying interest 6% per year compounded
monthly. What is the future value of annuity after 10
th
payment? (Given that (1.005)
10
= 1.0511)
(a) Rs.10220
(b) Rs.1022
(c) Rs.20000
(d) Rs.1020
24. The difference between CI and SI on a certain money invested for three years at 6% per annum is
Rs. 110.16. The sum is
(a) Rs. 3000
(b) Rs.3700
(c) Rs.12000
(d) Rs.10000
25. Simple interest on Rs.3500 for 3 years at 12% per annum is
(a) Rs.1200
(b) Rs.1260
(c) Rs.2260
(d) Rs. 2000
26. A function f(x) is an even function, if
(a) –f(x) = f(x))
(b) f(–x) = f(x)
(c) f(–x) = –f(x)
(d) None of these
27. If A = {1, 2, 3, 4} and B = {5, 6, 7,6}, then cardinal number of the set A×B is _____
(a) 7
(b) 1
(c) 16
(d) None of these
28. Find the f o g for the functions f (x) =x
3
, g (x) = x+ 1
(a) x
2
(x+1)
(b) x
2
(c) x+1
(d) (x+1)
3
29. if
42
nP = 12nP then n=
(a) 2
(b) 3
(c) 4
© The Institute of Chartered Accountants of India
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