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Federal (FBISE) · Chapter test · Free

9th Class General Math Chapter 4 Test04. Financial Mathematics

30 marks · 40 minutes · 21 questions. Covers: 04. Financial Mathematics.

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9th Class General Math Chapter 4 Test

9th Class · General Math · Federal (FBISE)

Name: ____________Roll No: ________Class/Section: ________Date: ________Total marks: 30Time: 40 minutes

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

  1. Markup Rate Deposit Rate is .........
    1. 0.5% to %1
    2. 1% to 2%
    3. 2% to 25%
    4. 2.5% to %3
  2. If Rs 1,00,000 is borrowed for 3 years at 16% per annual, the markup will be
    1. Rs.48,000
    2. Rs.4,80,000
    3. Rs.24,000
    4. Rs.36,000
  3. The name of the currency of Thailand is
    1. Bhat
    2. Yen
    3. Yuan
    4. Passo
  4. An instrument for payment order issued by a bank on the request of its customers is called.
    1. Cheque
    2. pay order
    3. bill of exchange
    4. bank draft
  5. The person or thing to be insured is called.
    1. The insured
    2. Lizzy
    3. Insurance
    4. The principle of gold
  6. The amount received on bank loan is called
    1. Interest
    2. Description
    3. Extra money
    4. Pay order
  7. The name of the currency of Malaysia is
    1. Ranjit
    2. Yuan
    3. Passo
    4. Yen
  8. The installment paid by the insured is called
    1. Extra money
    2. Premium
    3. Pay order
    4. Insurance
  9. Compound interest refers to principal plus interest
    1. Profit on profit
    2. First year profit only
    3. Profit/Loss
    4. All are wrong
  10. If the interest or loan is withdrawn on the principal amount, it is They say .............
    1. Simple profit
    2. Markup
    3. Description
    4. Both A and B

Q2. Short questions (Attempt any 6 of 8 · 6 × 2 = 12)

  1. Define Negotiable Instruments.
  2. Find the compound profit on. Rs. 750 for 3 years at 11 % per annum compounded yearly.
  3. Find the compound profit on Rs. 4000 at 5 % for 3 years.
  4. Define Amount.
  5. Ali deposited Rs. 2000 in National Bank of Pakistan ( NBP ) in his saving A/C for 2 years @ 5 % p.a. What would be the amount of profit on deposit for 2 years to be paid by NBP.
  6. Find the compound profit on. Rs. 10,000 for 3 years at 712%7\tfrac{1}{2}\%per annum compounded yearly.
  7. Find the compound profit on. Rs. 5000 for 2 years at 1134%11\tfrac{3}{4}\% per annum compounded yearly.
  8. Find the compound profit of Rs. 5000 at 4 % p.a. for 2 years and 6 months.

Q3. Long questions (Attempt any 2 of 3 · 2 × 4 = 8)

  1. Ali lent to Abid Rs. 4,800 for 7 months. At the end of this period Abid had to pay Ali profit of Rs. 119. What was the rate of simple profit per annum?
  2. Calculate the first, quarterly and monthly premium if the age of the insured is 30 years, policy amount is Rs. 3,00,000 maturity time 25 years, rate of premium 3.5 % fixed with policy fee @ 0.25 %.
  3. A financial institution chargers Rs. 55 simple profit on a sum of money which is borrowed for five months. Given that the rate of profit is 12 % per annum, find the sum of money.