GOVERNMENT COLLEGE UNIVERSITY, FAISALABAD

MODEL PAPER

M. Com. Part I

Course Code: MC-502 Course Title:Quantitative Techniques in Business

Objective Part Time Allowed: 30 Minutes Marks:20

Note:Question No. 1 is compulsory and its all parts carry equal marks. Please attempt the answers on the same
paper and return it to the center superintendent within the time allowed.

Q. No. 1 Tick the correct choice (20X1)

1. Solution of linear equation; 0x+8 = 5

a. Can never be determined
b. -3
c. 0
d. -13
2. Dividends, payments on the installments purchases, payments on the rent, interest payments on the bonds,
mortgage payments and premium on insurances are all the examples of
a. Simple interest
b. Compound interest
c. Gratuities
d. Annuity
3. The algebraic expression: x2+xy-6y2 is an example of
a. Trinomial
b. Binomial
c. Both trinomial and Polynomial
d. Both Binomial and Polynomial
4. The formula FV (ordinary Annuity) = C * [(1 + i)n 1/i] is used to find the value of
a. Future value of the annuity
b. Accumulation factor
c. Amount of annuity
d. None of above
5. For a product, if its list price is Rs.500 at the discount rate of 25% then its net cost price is
a. Rs.375
b. Rs.125
c. Rs.625
d. Rs.525
6. The rate at which the calculations are made is called
a. Discount factor
b. Discount Rate
c. Discount Value
d. None
7. What is true about median?
a. It does not get affected by the extreme values
b. It is equal to the second quartile
c. Both (a) and (b) above
d. Neither (a) nor (b) above
8. Which of the following is relative measure of dispersion?
a. Variance
b. Standard Deviation
c. Coefficient of Variation
d. None of the above
9. Probability can be considered as:
a. The quantification of uncertainty
b. The qualification of uncertainty
c. Both of the above
d. None of the above
10. Where the probability of an event is based on past data and the circumstances are repeatable by test, the
probability is known as
a. Relative Probability
b. Absolute Probability
c. Subjective probability.
d. Objective Probability
11. Mutually exclusive events are the events which:
a. Can happen at the same time
b. Cannot happen at the same time
c. Do happen at the same time
d. Are necessarily independent to each other
12. A histogram is a set of vertical bars or columns:
a. Whose areas are not proportional to the frequencies represented.
b. Whose areas are proportional to the frequencies represented.
c. Whose heights (not areas) are proportional to the frequencies represented.
d. Whose areas are independent to the frequencies represented
13. In a symmetrical distribution:
a. The mean, median and harmonic mean have the same value.
b. The mean, median and Standard Deviation have the same value.
c. The mean, median and Mode have the same value.
d. The mean, Variance and Standard Deviation have the same value.
14. How many roots of a quadratic equation are there?
a. Four
b. Three
c. Up to two
d. None of the above
15. Which is the proportion of total variation explained by the regression line?
a. Simple coefficient of determination
b. Slope of the regression line
c. Mean square error
d. Standard error of the regression coefficient
16. In a positively skewed distribution
a. The mean, median, and mode are all equal.
b. The mean is larger than the median
c. The median is larger than the mean.
d. The standard deviation must be larger than the mean or the median.
17. Men tend to marry women who are slightly younger than themselves. Suppose that every man married a
woman who was exactly .5 of a year younger than themselves. Which of the following is CORRECT?
a. The correlation is .5.
b. The correlation is .5.
c. The correlation is 1.
d. The correlation is 1.
e. The correlation is 0
 18. If Sx = 2.56, Sy = 15.91, Sxy = 29.59, then correlation Coefficient is
a. 0.726
b. 0.821
c. 0.623
d. 0.80
19. In annuity interest is charged by the:
a. Simple interest method
b. Compound interest method
c. Both simple and compound interest method
d. Accumulated method
20. The point where a straight line cuts the X-axis is called
a. Slope
b. starting point
c. y-intercept
d. x-intercept

GOVERNMENT COLLEGE UNIVERSITY, FAISALABAD

MODEL PAPER

M. Com. Part I

Course Code: MC-502 Course Title:Quantitative Techniques in Business

Subjective Part Time Allowed: 02:30 Hours Marks:80

Q.No 2

a) What amount must be deposited today at 9% per year compounded semi-annually if the goal 8 year from today is to
have a compound amount of Rs. 100,000. How much interest will be earned during this period?

b) A fixed cost of Rs. 250,000 is associated with the production of a college mathematics book. The contribution to
profit and fixed cost from sale of books is Rs.6.25

Determine break-even quantity.

What is expected profit if 50,000 books are sold?

Q.No 3

a) Solve by quadratic formula.

4y2 + 18y 10 = 0

b) Solve the inequality.

10 + x 2x 5 25

c) Solve the equation.

|5 3| = |2 + 7|
 Q.No 4

a) A company manufactures two products A and B. There is a capacity of 150 hours per day and products A requires 3
hours per units whereas product B requires 5 hours.

i. If As units are x and Bs units are y, determine the linear equation that requires use of 150 hours daily.
ii. How many units of A can be made each week if 12 units of B are made daily (assume a 5 days week).
b) Given the equation 8 2 = 48
i. Determine x and y intercepts.

Find the line which is parallel to the equation given above and pass through (3,-7)

Q. 5 the mid value of a frequency distribution is given below

Mid Value 115 125 135 145 155 165 175 185 195
Frequency 6 25 48 72 116 60 38 22 2

Calculatei) A.M ii) Median III Mode Iv) variance

Q.6 a) the number of unit produce by a process (x)the cost of producing unit (y) were made as:

n=4, x=20, x2 =110, y=25, y2=162, xy= 132.

Find i)the coefficient of correlation

ii) the regression equation y on x

Q.7 Construct the index number of prices with the help of following data by

a) Laspeyers b) Paasches c) Fishers d) Marshalls Formulas

Commodity Base Year Current Year
P Q P Q
A 6 140 8 150
B 10 160 12 180
C 16 80 20 110
D 20 100 24 120