Practice Pakistan's most useful MCQs for competitive exams

A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?

• (A)  6.89 %
• (B)  6.65 %
• (C)  6.58 %
• (D)  6.12 %

Answer

Submitted By :Ali Uppal

First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?

• (A)  21 %
• (B)  20 %
• (C)  19 %
• (D)  18 %

Answer

Submitted By :Ali Uppal

What is defines as the analysis and evaluation of the monetary consequences by using the theories and principles of economics to engineering applications, designs and projects ?

• (A)  Economic Analysis
• (B)  Engineering cost analysis
• (C)  Engineering economy
• (D)  Design cost analysis

Answer

Submitted By :Ali Uppal

What is considered as the standard unit which forms the basis of a country’s domestic money supply ?

• (A)  Monetary unit
• (B)  Currency
• (C)  Foreign exchange
• (D)  Cash or check

Answer

Submitted By :Ali Uppal

What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?

• (A)  Services
• (B)  Goods
• (C)  Commodities
• (D)  Goods or commodities

Answer

Submitted By :Ali Uppal

What are the two classifications of goods and services ?

• (A)  Local and imported
• (B)  Raw and finished
• (C)  Consumer and producer
• (D)  Ready-made and made-to-order

Answer

Submitted By :Ali Uppal

What is defined as any tangible economic product that contributes directly or indirectly to the satisfaction of human want ?

• (A)  Services
• (B)  Goods
• (C)  Commodities
• (D)  Goods or commodities

Answer

Submitted By :Ali Uppal

A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?

• (A)  9.01 %
• (B)  9.14 %
• (C)  9.31 %
• (D)  9.41 %

Answer

Submitted By :Ali Uppal

What is the ordinary interest on P1,500.50 for 182 days at 5.2% ?

• (A)  P39.01
• (B)  P39.82
• (C)  P39.45
• (D)  P39.99

Answer

Submitted By :Ali Uppal

The exact simple interest of P5,000 invested from June 21, 1995 to December 25, 1995 is P100. What is the rate of interest ?

• (A)  3.90 %
• (B)  3.92 %
• (C)  3.95 %
• (D)  3.98 %

Answer

Submitted By :Ali Uppal