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Multiple Choice Questions

Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

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Page 1: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

Multiple Choice Questions

Page 2: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

CPT Section D, Quantitative Aptitude, Chapter 13 Prof(Dr.) P.R.Vittal

Page 3: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

(a)2/7 b)3 /7 c)4/7 (d)None of these

Solution :A leap year contains 52 weeks plus 2 days.The least 2 days can be [s,m],m,tu],[tu,wed],[wed,thurs],[thurs,fri],[fri,sat],[sat,sun]

P(53 sun or mon )=3/7

Answer: (b)

Page 4: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

(a)5:7 (b)4:7 (c)5:8 (d)4:5

Solution :

P(A)=7/12 No. of favourable ways =7 ,

No. of unfavourable ways =5

Hence odds against the event A is 5:7

Answer: (a)

Page 5: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

(a)1/15 (b)1/12 (c)5/18 (d)5/21

Solution :

The probability that all the 3 are white =(5C3/10C3)=1/12

Answer : (b)

Page 6: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

(a)5/396 (b)3/132 (c)1/36 (d)1/22

Solution :

P(3 are red) = ((3C3).(9C2)/12C5)=1/22

Answer : (d)

Page 7: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

(a)0.6 (b)0.06 (c)0.006 (d)0.96

Solution :

P(A∩B∩C)=P(A)P(B)P(C)=0.06

Answer : (b)

Page 8: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

There are 10 balls numbered from 1 to 10 in a box. If one of them is selected at random , the probability that the number printed on the ball would be an even number greater than 5 is

(a)3/5 (b)2/5 (c)3/10 (d)7/10

Solution :

The set of even numbers >5 is (6,8,10).

p(ball has even number>5)=3/10

Ans : (c)

Page 9: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

For two independent events A and B , P(A)=1/5 and P(AUB)=3/4. Then P(B) is (a)11/20 (b)11/16 (c)5 /15 (d)9/20

Solution :

P(AUB)=P(A)+P(B)-P(A)P(B)

¾ = 1/5 +P(B)-(1/5)P(B)

P(B)=11/16

Ans : (b)

Page 10: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A problem on probability is given to two students A and B. Their chances of solving it are 1/3 and ¼.The probability that the problem is solved is

(a)11/12 (b)1/12 (c)3/4 (d)1/2

Solution :

P(A)=1/3, P(A’)=2/3 , P(B)=1/4 , P(B’)=3/4

P(problem solved)=1-P(A’)P(B’)=1-(2/3)(¾) =1/2

Answer : (d)

Page 11: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If X is a random variable such that X : 1 2 3 4 P(x) : 0 k/10 3k/10 3k/5 The value of k is (a)1 (b)2 (c)10 (d)5 Solution : Since ∑p(x)=1 , 0+k/10 + 3k/10 + 3k/5 =1 K=1 Answer: (a)

Page 12: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The random variable X has the following distribution X : 0 1 2 3 P(x) : 0 2k 3k k Then p(x<2) is (a)1/6 (b)1/3 (c)2/3 (d)0 Solution : Since ∑p(x)=1 , 0+2k+3k+ k=1 k=1/6 Hence p(x<2)=0+2k=2/6=1/3 Ans : (b)

Page 13: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If X is a continuous random variable with pdf

f(x)= c/x2 , 2<x<∞

0 , otherwise The value of c is

(a)1 (b)2 (c)4 (d)3

Solution :

2∞∫f(x)dx=1 hence ∫c/x^2 dx =1

C=2

Answer : (b)

Page 14: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The odds in favour of two mutually exclusive events are 2:5 and 3:7. The probability that atleast one of two events to occur is

(a)3/35 (b)1/2 (c)41/70 (d)29/70

Solution :

P(A)=2/7 p(B)=3/10p(AuB)=2/7+3/10 =41/70

Ans : (c)

Page 15: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The probability that a person has a B.Com degree is 0.88 and he is CA is 0.30. The probability that he has at least one of these is 0.90. The probability that he has both is

(a)0.25 (b)0.15 (c)0.255 (d)0.745

Solution :

P(B.com and CA)=p(A∩B)=p(A)+p(B)-p(AUB)=0.85+0.30-0.90=0.25

Answer : (a)

Page 16: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If a random variable takes values 0,1,2,3 with probabilities 0.4,0.3,0.2 and 0.1 then the expected value of x is

(a)0 (b)0.4 (c)1 ( d) (0.6)

Solution :

• Since ∑p(x)=1 , we have 0.3x1+0.2x2+0.1x3=1 • Answer : (c)

Page 17: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The probabilities that there is atleast one error in an account statement prepared by three persons A,B,C are 0.2,0.1,and 0.05. If A,B,C prepares 200,500,1000 such statements the expected number of total correct statements is (a)1460 (b)1470 (c)1590 (d)1560

Solution :

Ans : (d)

P(atleast one error)

P(No. of error)

No.of statements

xp

A 0.2 0.8 200 160 B 0.1 0.9 500 450 C 0.05 0.95 1000 950

E(x)=1560

Page 18: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A random variable X has the probability mass function X : 1 2 3 4 5 P(x) : 2k 3k 4k 3k^2 7k^2 Find p(x<2) (a)1/10 (b)1/3 (c)1/2 (d)3/10 Solution : Since ∑p(x)=1 we have 2k+3k+4k+3k^2+7k^2=1 10k^2+9k-1=0 K=1/10 , -1 Since k≠-1 we have k=1/10 P(x<2)=5k=5/10 = ½ Ans : (c)

Page 19: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

For the probability distribution f(x)=1, 0<x<1

0 otherwise

The expected value of x is (a)∞ (b)-0.5 (c)1 (d)0.5

Solution :

E(x)=∫xf(x)dx=1

Ans : (c)

Page 20: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The random variable X has the following distribution X : -1 2 3 P(x) : 1/6 1/2 1/3 The value of E(3x^2-2x) is (a)28/6 (b)65/3 (c)56/3 (d)32/3 Solution : 3x^2-2x : 1 16 33 P(x) : 12/80 ½ 1/3 E(3x^2-2x)=56/3 Answer : (c)

Page 21: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A random variable x takes the values 1,1/2,1/4 with respective probabilities ¼,1/2,1/4 Then the value of E(1/x^2) is (a)25/4 (b)17/4 (c)9/4 (d)11/4

Solution :

X : 1 ½ ¼

X^2 : 1 ¼ 1/16

1/x^2 : 1 4 16

p(x) : ¼ ½ ¼

E(1/x2)=1/4 +4/2+4 = 25/4 Ans: (a)

Page 22: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The random variable X has the following distribution X : -2 3 1 P(x) : 1/3 1/2 1/6 The value of E(2x+5) is (a)6 (b)1 (c)7 (d)5 Solution : E(x)=-2/3+3/2+1/6 = 1 E(2x+5)=7 Ans: (c )

Page 23: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The random variable X has the following probability distribution

X : -2 3 1

P(x) : 1/3 1/2 1/6

The value of E(x^2) is

(a)4 (b)6 (c)-4 (d)-6

Solution :

X^2 : 4 9 1

P(x) : 1/3 ½ 1/6

E(x^2)=4/3+9/2+1/6=6

Ans : (b)

Page 24: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A bag contains 10 balls of which 3 are red. Five balls

are drawn from the bag . The probability that 3 of which are red is (a)1/6 (b)3/8 (c)1/12 (d)5/12

Solution : p(3 are red)= (3C3x7C2)/10C5 =1/12

Ans : (c)

Page 25: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A and B are two independent events with p(A)=1/3 , p(AuB)=4/5 Then p(B) is

(a)7/8 (b)9/10 (c)11/12 (d)5/6

Solution :

P(AuB)=p(A)+p(B)-p(A)p(B)

4/5 = 1/3+p(B)-1/3 p(B)

P(B)=7/8

Ans : (a)

Page 26: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The random variable X has the following probability distribution X : 0 1 2 3 P(x) : 0 k 2k 3k The n p(x<3) is (a)1/6 (b)1/3 (c)1/4 (d)1/2 Solution : Since ∑p(x)=1 , 6k=1 K=1/6 P(x<3)=3k=3/6=1/2 Ans : (d)

Page 27: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If the expected values of two random variables X and Y are 8 and 5 respectively the expected value of 2x-3y is

(a)0 (b)31 (c)1 (d)-10

Solution : E(2x-3y)=2E(x)-3E(y)=16-15=1

Ans : (c)

Page 28: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If the expected values of two independent random variables X and Y are 2 and 5 respectively the expected value of xy is

(a)15 (b)10 (c)7 (d)None of these

Solution : E(xy)=E(x)E(y)=2x5=10

Ans : (b)

Page 29: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The probabilities of A and B winning in a race are 1/6 and 1/3 respectively . The probability of A or B winning is (a)2/3 (b)4/9 (c)1/2 (d)5/6

Solution :

P(AorB)=p(A)+p(B)=1/6 +1/3=1/2

Ans : (c)

Page 30: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The probabilities of A,B,C winning a race are ½,1/4, 1/6

respectively. The probability one or others of A,B,C winning the race is (a)5/6 (b)2/3 (c)11/12 (d)3/4

Solution :

P(A)=1/2 p(B)=1/4 p(c)=1/6

P(Aor B or C )=1/2 + ¼ +1/6 =11/12

Ans : (c)

Page 31: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If A and B toss a die, A gets a prize of Rs 600 , if both the dice show the same number , otherwise B wins. The expected amount of B winning is

(a)400 (b)500 (c)410 (d)550

Solution :

Let X denote the amount of B winning .

E(x)=600x5/6+0x1/6=500

Ans : (b)

Page 32: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

A business man ventures on a project in which he can make a profit of Rs3,00,000 or a loss Rs1,00,000.The probability of making a profit of Rs3,00,000 is 0.6.Then the expected gain or loss is

(a)Rs180,000 (b)Rs1,40,000 (c)2,00,000 (d)Rs60,000

Solution :

The expected gain = 300000x0.6-100000x0.4 = Rs1,40,000

Ans : (b)

Page 33: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

The wages of eight workers in rupees are 62,50,70,40,56,45,45,32.If one of the worker is chosen at random the probability that his wage is above the average is (a)2/5 (b)3/8 (c)1/2 (d)5/8

Solution : Mean = (62+50+70+40+56+45+45+32)/8 =50

P(Mean>50)=3/8

Ans : (b)

Page 34: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered

If X and Y are independent random variables with standard deviation 3 and 4 then the standard deviation of (X+Y) is (a)7 (b)1 (c)25 (d)5

Solution : If X and Y are independent random variables the v(X+Y)=v(X)+v(Y)=9+16=25

Standard deviation of (X+Y) = √25=5

Ans : (d)

Page 35: Multiple Choice Questions - ICAI Knowledge Gateway · Multiple Choice Questions . CPT Section D, Quantitative Aptitude, Chapter 13 . Prof(Dr.) P.R.Vittal ... There are 10 balls numbered