CA CPT Practice Test (Maths + Economics)

PRACTICE TEST
CA CPT | MATHEMATICS STATISTICS ECONOMICS

100 Questions 2 Hour
MATHEMATICS AND STATISTICS CUT OFF 15 MARKS
1.
If 6x+3 = (36)3x-4, what is the value of x?

a) 11/5
b) 5/11
c) 13/5
d) 5/13
2.
If ax = b, by = c, cz = a, then what is the value of (xyz)?

a) 1
b) 1
c) 0
d) 2
3.
If log102 = 0.3010, then what is the value of log10 (1/2)?

a) 0.6990
b) 1.3010
c) 0.3010
d) 1.6990
4.
Find the value of log105 2 log10 3 + log10 18.

a) 0
b) 2
c) log10 2
d) 1
5.
Out of three numbers, the sum of first and second is 24, sum of second and third is 30 and
sum of first and third is 26. What can be value of the smallest number?
a) 10
b) 14
c) 16
d) 17
6.
The system of equations 2x + ky = 11 and 5x 7y = 5 has no solution. What can be the

value of k?
a) 14/5
b) 14/5
c) 16/5
d) 5/14
ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain
7.
The cost of 3 chairs and 1 table is Rs. 9000 and that of 5 chairs and 3 tables is Rs. 21000.
What is the cost of 4 chairs and one table?
a) Rs. 10,000
b) Rs. 12,000
c) Rs. 10,500
d) Rs. 11,500
8.
Which of the following is the solution for: 3 (x 2) > 4x 3?

a) x > 3
b) x < 3
c) x > - 3
d) x < - 3
9.
What is the compound interest on Rs. 20,000 for 2 years at 10%?

a) Rs. 4200
b) Rs. 5200
c) Rs. 3200
d) Rs. 8400
10.
A sum of money double itself at compound interest in 15 years. In how many years will it
become eight times?
a) 105 years
b) 45 years
c) 60 years
d) 75 years
11.
How many different words can be made out of the letters of the word MATHEMATICS,
such that vowels always come together?
a) 120690
b) 102960
c) 120960
d) 100296
12.
If 167C90 + 167Cx = 168Cx, find the value of x.

a) 89
b) 90
c) 92
d) 91
13.
The sum and product of 3 numbers in GP are 52 and 1728. Find the numbers.
a) 4, 12, 36
b) 2, 12, 72
c) 1, 12, 39
d) None of the above
14.
If the 9th term of an AP is 99 and 99th term is 9, what is the 108th term?
a) 107
b) 0
c) 108
15.
What is the sum of all odd numbers between 1 to 1000 which are divisible by 3?
a) 56128
b) 90000
c) 83667
d) 84776
16.
Which of the following sets are subsets of {0}?

a) {0}
b) { }
c) {1}
d) { } & {0}
17.
In a school 21 students play basket ball. 26 students play hockey and 29 play football. 14
students play hockey and basket ball. 15 play hockey and football and 12 play football and
basket ball. 8 students play all the three games. What is the total number of players?
a) 43
b) 42
c) 41
d) 45
18.
If 57% of Indian like milk and 75% like tea, then what can be minimum percentage of
Indian who like both?
a) 57%
b) 32%
c) 75%
d) 60%
19.
Evaluate: Limit (x tends to 3) [2x2 + 9x + 9] / [2x2 + 7x + 3]

a) 3 / 5
b) 5 / 3
c) 3 / 5
d) 1
20.
Differentiate y = (3x + 2)4 with respect to x.

a) (3x + 2)3
b) 4 (3x + 2)
c) 4 (3x + 2)3
d) 12 (3x + 2)3
21.
Find the slope of the curve y = [x2 12] / [x 4] at the point (0, 3).
a) 0.75
b) 0.33
c) 0.25
d) 0.50
22.
The cost function of a factory is C = 9 + 15x x2/5, where x = quantity demanded and
produced. Find the demand when the marginal cost is 11 units.
a) 9
b) 10
c) 11
d) 8
23.
Evaluate the Integral of 1/[2x 3] with respect to x.

a) Log (2x 3) + C
b) Log |2x 3| + C
c) Log |2x 3|2 + C
24.
Evaluate x logx dx.

a) x2 (2logx + 1) + c
b) x2 (2logx 1 ) + c
c) [x2/2] (2logx + 1) + c
d) [x2/4] (2logx 1) + c
25.
Which of the following is not the source of secondary data?

a) The data obtained by a firm in a market survey conducted by it.
b) Date published by World Bank.
c) Data published in newspapers.
d) Publications of central and state governments.
26.
Which of the following statements about histogram rectangles is correct?

a) The rectangles are proportional in height to the number of items falling in the classes.
b) There are generally five rectangles in every histogram.
c) The area in a rectangle depends only on the number of items in the class as compared
to the number of items in all other classes.
d) All of the above.
27.
Which of the following diagrams will b constructed to represent information of monthly

expenditure of two groups of persons?
a) Sub divided bar diagram
b) Simple bar diagram
c) Percentage sub divided bar diagram
d) Multiple bar diagram
28.
Which of the followings is two-dimensional diagram?

a) Multiple bar diagram
b) Bar diagram
c) Pie-chart
29.
The median of a given frequency distribution is found graphically with the help of:
a) Pictogram
b) Ogives
c) Frequency polygon
d) Pie chart
30.
The data given as 8, 10, 9, 25, 20, 32, 42, 64, 39, will be called as:
a) A continuous series
b) A discrete series
c) A time series
d) An individual series
31.
What is the relationship between Mean, Median and Mode for a asymmetrical
distribution?
a) Mode = 3 Median 2 Mean
b) Mean = 3 Median 2 Mode
c) Median = 3 Mode 2 Mean
d) Mode = 2 Median 3 Mean
32.
If for a series the arithmetic mean is 25 and the harmonic mean is 9, what is the geometric
mean of the series?
a) 3
b) 5
c) 15
d) 9
33.
The standard deviation of a set of 30 items is 9.5. Find the standard deviation if every item
is decreased by 5.
a) 4.5
b) 9.5
c) 47.5
d) 1.9
34.
Which of the following cannot be obtained by graphical method?

a) Arithmetic Mean
b) Mode
c) Median
d) Quartiles
35.
How many percentiles can be calculated in a series?

a) 98
b) 99
c) 100
d) 101
36.
A man travels from Kanpur to Delhi at an average speed of 30 km per hour and returns at
an average speed of 60 km per hour. What is his average speed?
a) 45 km per hour
b) 42 km per hour
c) 40 km per hour
37.
What is the geometric man of the observations 4, 8, 16, 32, 64?

a) 2
b) 8
c) 32
d) 16
38.
Find the quartile deviation for the data: 1, 3, 4, 6, 5, 10, 6.

a) 1.1
b) 1.2
c) 1.4
d) 1.5
39.
Coefficient of correlation between two variables x and y is 0.8 and their covariance is 20. If
the variance of series x is 16, then what is the standard deviation of y series?
a) 12
b) 6.25
c) 36
d) 6
40.
If the correlation coefficient between x and y is 0.58 then what is the correlation coefficient
between u = 2x + 3 and v = 3 y?
a) 0.58
b) 0.29
c) 0.58
41.
If angle between two regression lines is 0o, then we can say that two regression line are
________.
a) Parallel
b) Perpendicular
c) Coincide
42.
One ticket is drawn at random from a bag containing 30 tickets numbered 1 to 30. Find the
probability that it is a multiple of 5 or 7.
a) 0.25
b) 0.33
c) 0.45
d) 0.50
43.
A bag contains 4 white, 2 black, 3 yellow and 3 red balls. What is the probability of getting
a white or red ball at random in a single draw of one ball?
a) 4/12
b) 3/12
c) 5/12
d) 7/12
44.
The mean of Poisson distribution is 2.56. What is the standard deviation of the
distribution?
a) 2.56
b) 1.36
c) 1.6
d) 2.65
45.
Find the variance of binomial distribution with n = 10 and p = 0.3.

a) 1.2
b) 1.44
c) 1.39
d) 2.1
46.
The mean and SD of a normal distribution are 20.5 and 5 respectively. What is the quartile
deviation of the distribution?
a) 20.5
b) 10.25
c) 3.33
d) 5
47.
Standard error of the statistics is:

a) The variance of the population
b) The average of the standard deviation
c) The standard deviation of the sampling distribution of a population parameter
d) The standard deviation of the sampling distribution of a sample statistics
48.
A sample of 16 items from an infinite population having SD = 4, yielded total scores as 160.
What is the standard error of sampling distribution of mean?
a) 10
b) 1
c) 20
d) 2
49.
The Drobish-Bowley price index formula is the:

a) Weighted mean of Laspeyres and Paasches price index formulae
b) Geometric mean of Laspeyres and Paasches price index formulae
c) Arithmetic mean of Laspeyres and Paasches price index formulae
50.
If Laspeyres quantity index is 324 and Fishers ideal index is 216, then what is the
Paasches quantity index?
a) 216
b) 180
c) 140
GENERAL ECONOMICS CUT OFF 15 MARKS

51.
Which of the following is not an

instrument of monetary policy?
a) Bank rate policy
b) Open market operations
c) Government spending
d) Reserve requirement changes
52.
Which of the following is NOT a

function of central bank?
a) Lender of the last resort
b) Expansions of credit
c) Advisor to the government
d) All of the above
53.
54.
55.
56.
Which of the following money stock

measure includes time deposits?
a) M4
b) M3
c) M1
The supply of money is:
a) A flow concept
b) A stock concept
c) Both stock as well as flow concept
The Industrial Policy 1991 aimed at:
a) Optimum utilization of the
installed capacity
b) Maximizing production
c) Making industries internationally
competitive
d) All of the above
Served from India scheme was
introduced to accelerate growth of:
a) Export of goods
b) Export of services
c) Export of capital goods
d) Export of agricultural goods
57.
For reform of direct and indirect tax

laws,
Government
of
India
constituted:
a) Direct and Indirect Tax Board
b) Tax Planning Commission
c) Tax Reform Committee
d) Central of Direct Tax
58.
To which organization, International

Monetary Fund is affiliated to?
a) WTO
b) UNO
c) CRY
d) MJMS
59.
GATT stands for:

a) General Association of Tibet and
Timbuktu
b) General Agreement on Trade and
Tariff
c) General Agreement on Trade and
Traffic
60.
Which type of budget should be

prepared to cub an inflationary
situation in the economy?
a) Surplus budget
b) Deficit budget
c) Zero budget
61.
FRBM Bill was introduced in:

a) 2004
b) 2000
c) 2011
d) 1997
62.
Inflation is caused by:

a) Fall n production
b) Increase in money supply
c) Increase in money supply and a
fall in production
63.
64.
65.
66.
67.
68.
69.
Which steps improve adverse balance

of payment?
a) Devaluation
b) Over-valuation
c) Both of the above
Concept of absolute poverty is relevant
for ______ country.
a) Developing
b) Developed
c) Less developed
d) Backward
Unemployment in India is due to:
a) Appropriate educational system
b) Fantastic manpower planning
c) Population explosion
d) All of the above
Most of the disguised unemployed
persons in India are found in:
a) Transport
b) Trade
c) Industry
d) Agriculture
Structural unemployment arises due
to:
a) Shortage of raw materials
b) Inadequate productive capacity
c) Heavy industry bias
d) All of the above
Jawahar Gram Samridhi Yojana was
launched in:
a) 1999
b) 1990
c) 2001
The birth rate in India is high because
of:
a) High incidence of poverty
b) Slow urbanization
c) Predominance of agriculture
d) All of the above
70.
Land reforms refer to which of the

followings:
a) Tenancy reforms
b) Abolition of intermediaries
c) Both a) and b)
71.
For the study of the long term growth

of the economy we use:
a) Personal GNP
b) Real GNP
c) Money GNP
d) All of the above
72.
The standard of living in a country is

represented by:
a) National income
b) Per capital expenditure
c) Per capita income
d) Employment rate
73.
Mahalanobis model stress upon the

establishment of:
a) Consumer goods industries
b) Agro-based industries
c) Export oriented industries
d) Capital& basic goods industries
74.
The difference between GNP and GDP

is:
a) Excess of indirect taxes over
subsidies
b) Depreciation
c) Personal disposable income
d) Net foreign income from abroad
75.
The national income in India is

estimated by the:
a) CSO
b) ISI
c) NCAER
76.
77.
78.
79.
Economics is what economists do

was stated by:
a) Adam Smith
b) Alfred Marshall
c) Jacob Viner
d) Samuelson
What does an outward shift of the
production possibility curve indicate?
a) Inflation
b) Over production
c) Over employment product
d) Economic growth
In which type of economic system has
the Government no control over price
fluctuations?
a) Command economy
b) Market economy
c) Mixed economy
d) Regulated economy
Which of the following has the lowest
elasticity of supply?
a) Necessities
b) Perishable goods
c) Luxury items
d) Items that have the least budgetary
allocation
80. The following factor does not result in

the shifting of demand curves for
calculators:
a) Rise in the prices of integrated
circuits chips.
b) Increase in the number of science
students.
c) Cheaper availability of computers.
d) Fall in the prices of calculators.
81.
A decrease in equilibrium price could

b because of a ______ in demand for
a _______ in supply.
a) Fall, rise
b) Rise, fall
c) Rise, rise
d) Fall, fall
82.
Which of the following goods give the

maximum amount of consumer
surplus?
a) Color television
b) Water
c) Car
d) Ice cream
83.
Total utility is maximum when:

a) Average utility is maximum
b) Average utility is zero
c) Marginal utility is zero
d) Marginal utility is maximum
84.
In the third of the three stages of

production:
a) Total product increases
b) The total product curve has an
increasing slope
c) The marginal product curve lies
completely below the average
product curve
d) The marginal product curve has a
positive curve
85.
Diminishing returns to scale implies

diminishing returns to a single factor.
Is the converse true?
a) No
b) Yes
c) Actually the given statement is not
true
86.
__________
cost
increases
continuously with the increase in
production.
a) Average
b) Total
c) Variable
d) Marginal
87.
When average cost falls, marginal cost

is less than:
a) Prime cost
b) Total cost
c) Fixed cost
d) Average cost
93.
Which of the following can lead to a

natural monopoly?
a) Legal restriction
b) Product differentiation
c) Ownership of raw materials
d) Large scale economies of scale
88. Which of the following curves in not

U-shaped?
a) AVC curve
b) AC curve
c) MC curve
d) AFC curve
94.
When a perfectly competitive firm

makes supernormal profit, we know
that it is doing all of the following
except:
a) Producing in the short run
b) Producing at an output where MR
= MC
c) Producing in the long run
d) Producing at an output where P >
AC
95.
Dumping is an example of:

a) First degree price discrimination
b) Domestic price discrimination
c) International price discrimination
d) Second
degree
price
discrimination
96.
The petroleum industry in India is

characterized by few public sector
giants like HPCL, IOCL, BPCL, INP,
etc dominating the industry. What
type of competition is this?
a) Monopoly
b) Perfect competition
c) Monopolistic competition
d) Oligopoly
97.
The elasticity of the upper portion of

the kinked demand curve for a firm in
oligopoly will be _____ that of the
lower portion.
a) Less than
b) More than
c) Equal to
d) More than or equal to
89.
90.
91.
92.
The difference between _______

determines the profit or loss condition
of the firm.
a) AR and AC
b) MR and AC
c) AR and MC
The ________ curve of the product
depends on the average cost condition
of the firm.
a) Demand
b) Supply
c) Average variable cost
In monopolistic competition, the
demand curve of the firms product is
negatively sloped because of:
a) Barriers to entry
b) Economies of scale
c) Product differentiation
d) Diseconomies of scale
The difference between economic
profits and accounting profits is:
a) Depreciation
b) Implicit costs
c) Explicit costs
d) There is no difference
98.
99.
There is no existence of ___ curve

under monopoly.
a) Supply
b) Revenue
c) Demand
d) Cost
In case of registered companies with a
trade mark, the product is said to be in
______ market.
a) Legal monopoly
b) Bilateral monopoly
c) Illegal
100. In perfect competition, if a new firm
enters the industry in the long run, the
supply curve:
a) Shifts to the left
b) Turns upwards
c) Turns downwards
d) Shifts to the right
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PRACTICE TEST

CA CPT | MATHEMATICS STATISTICS ECONOMICS

If 6x+3 = (36)3x-4, what is the value of x?

If ax = b, by = c, cz = a, then what is the value of (xyz)?

If log102 = 0.3010, then what is the value of log10 (1/2)?

Find the value of log105 2 log10 3 + log10 18.

The system of equations 2x + ky = 11 and 5x 7y = 5 has no solution. What can be the

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Which of the following is the solution for: 3 (x 2) > 4x 3?

What is the compound interest on Rs. 20,000 for 2 years at 10%?

If 167C90 + 167Cx = 168Cx, find the value of x.

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Which of the following sets are subsets of {0}?

Evaluate: Limit (x tends to 3) [2x2 + 9x + 9] / [2x2 + 7x + 3]

Differentiate y = (3x + 2)4 with respect to x.

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Evaluate the Integral of 1/[2x 3] with respect to x.

Evaluate x logx dx.

Which of the following is not the source of secondary data?

Which of the following statements about histogram rectangles is correct?

Which of the following diagrams will b constructed to represent information of monthly

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Which of the followings is two-dimensional diagram?

Which of the following cannot be obtained by graphical method?

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

How many percentiles can be calculated in a series?

What is the geometric man of the observations 4, 8, 16, 32, 64?

Find the quartile deviation for the data: 1, 3, 4, 6, 5, 10, 6.

Find the variance of binomial distribution with n = 10 and p = 0.3.

Standard error of the statistics is:

The Drobish-Bowley price index formula is the:

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

GENERAL ECONOMICS CUT OFF 15 MARKS

Which of the following is not an

Which of the following is NOT a

Which of the following money stock

For reform of direct and indirect tax

To which organization, International

GATT stands for:

Which type of budget should be

FRBM Bill was introduced in:

Inflation is caused by:

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Which steps improve adverse balance

Land reforms refer to which of the

For the study of the long term growth

The standard of living in a country is

Mahalanobis model stress upon the

The difference between GNP and GDP

The national income in India is

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

Economics is what economists do

80. The following factor does not result in

A decrease in equilibrium price could

Which of the following goods give the

Total utility is maximum when:

In the third of the three stages of

Diminishing returns to scale implies

ILE | CPT FULL TEST 1 | Mathematics Statistics Economics | Mohit Jain

When average cost falls, marginal cost

Which of the following can lead to a

88. Which of the following curves in not

When a perfectly competitive firm

Dumping is an example of: