Business Mathematics exam quiz with answer

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Business Mathematics

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Q: In the canonical form of LPP if the objective function is of minimization then all the constraints other than non-negativity conditions are...

1) greater than type

2) lesser than type

3) greater than or equal to type

4) lesser than or equal to type

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Q: The simple interest on Rs 5,000 at 10& for 3 years is...

1) 500

2) 1000

3) 1500

4) 2000

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Q: Principal (or) Present Value is denoted by

1) A

2) n

3) P

4) None of the above

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Q: The transportation technique or simplex method cannot be used to solve the assignment problem because of...

1) degeneracy

2) non-degeneracy

3) square matrix

4) any one of the above

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Q: In assignment problem if number of rows is greater than column then...

4) column with cost 1 is added

1) dummy column is added

2) dummy row added

3) row with cost 1 is added

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Q: The CPM is used for completing the project that involves...of repetitive nature.

1) Activities

2) Node

3) Event

4) Dummy activity

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Q: The graphical method is applicable to solve an L.P.P when there is...

1) Only one variable

2) Two variables

3) More than Two variables

4) None of the above

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Q: In a linear programming minimization model the objective function is to be...

1) minimized

2) maximized

3) minimized or maximized

4) standardized

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Q: 3x- 4+7 = 0, then x =

1) -1

2) +1

3) 0

4) 2

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Q: In North West corner rule if the demand in the column is satisfied one must move to the...

1) left cell in the next column

2) right cell in the next row

3) right cell in the next column

4) left cell in the next row

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Q: While drawing the network diagram for each activity project we should look...

1) What acitivities preceede this acitivity

2) What acitivities follow this acitivity

3) What activity can concurrently take place with this activity

4) All the above

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Q: The another term commonly used for activity slack time is...

1) Total float

2) Independent float

3) Free float

4) All the above

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Q: The assignment problem is said to be balanced if it is...

1) square matrix

2) rectangular matrix

3) unit matrix

4) triangular matrix

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Q: The application of assignment problems is to obtain...

1) only minimum cost

2) only maximum profit

3) minimum cost or maximum profit

4) assign the jobs

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Q: The slack for an activity is equal to...

1) LF-LS

2) EF-ES

3) LS-ES

4) None of the above

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Q: In Graphical solution the feasible solution is any solution to a LPP which satisfies...

1) only objective function

2) non-negativity restriction

3) only constraint

4) all the three

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Q: An LPP deals with problems involving only...

1) single objective

2) multiple objective

3) two objective

4) none of these

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Q: In Maximization case of transportation problem we convert into minimization by subtracting all the elements from the...

1) zero

2) one

3) highest element

4) lowest element

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Q: The basic feasible solution to a transportation problem is said to be optimal if it...

4) has degenerate solution

1) maximizes or minimizes the transportation cost

2) maximizes the transportation cost

3) minimizes the transportation cost

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Q: Face value of a bill of exchange is given by the formula...

1) 100A/100+nr

2) (B.DxT.D)/B.D-T.D)

3) (B.DxT.D)/B.D+T.D)

4) (B.D+T.D)/B.D-T.D)

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FAQ Business Mathematics exam quiz

Q1: Is this free online quiz for Business Mathematics?

Answer: Yes! you can test your skills and its 100% free to give test from Business Mathematics subjects. You can study from question bank on home pages and search from entire question bank.

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Answer: There are 20s multiple choice question from question bank of Business Mathematics. Every time question will swap from online question bank. So you can test your knowledge and check percentages of correct/incorrect along-with answers.

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Business Mathematics exam quiz with answer

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