Quiz Questions - ITI Quiz - 18-Mar-2026 01:01 PM

Question 1 1 Marks

What is the maturity amount if Rs.20000 is deposited at 5% compound interest per annum for 2 years?

A

Rs.22000

B

Rs.22050

C

Rs.22500

D

Rs.25000

Question 2 1 Marks

How the profit / gain is expressed?

A

Rs.

B

$

C

%

D

*

Question 3 1 Marks

What is the selling price if the cost price is Rs.7282/- with a profit of Rs.208?

A

Rs.7074

B

Rs.7698

C

Rs.7290

D

Rs.7490

Question 4 1 Marks

What is the compounded annual interest, for a loan amount of Rs.80000/- at 10% per annum for a period of 2 years?

A

Rs.16800/-

B

Rs.92400/-

C

Rs.96800/

D

Rs.94800/-

Question 5 1 Marks

Which is the short form of profit and loss statement?

A

P & L

B

PR & LS

C

PRO & LOS

D

L & P

Question 6 1 Marks

What is the cost price (C.P) formula if there is a profit?

A

((100)/(100-Loss %))xS.P

B

((100)/(100+Profit %))xS.P

C

((100+Profit %)/(100))xC.P

D

((100-Loss %)/(100))xC.P

Question 7 1 Marks

What is the profit % if the cost price of 16 bolts is equal to the selling price of 12 bolts?

A

13.33

B

23.33

C

33.33

D

43.33

Question 8 1 Marks

What is the formula to find Profit %?

A

((C.P)/(Profit))x100

B

((Profit)/(S.P))x100

C

((S.P-C.P)/(Profit))x100

D

((Profit)/(C.P))x100

Question 9 1 Marks

What is the matured amount for the deposit of Rs.5000/- and the simple interest earned for Rs.500/-?

A

Rs.4500

B

Rs.5500

C

Rs.6000

D

Rs.6500

Question 10 1 Marks

What is the expanded form of S.P?

A

Selected Price

B

Special Price

C

Selling Price

D

Super Price

Question 11 1 Marks

What is the term, if an article is purchased?

A

Selling price

B

Cost price

C

Margin price

D

Discount price

Question 12 1 Marks

How the 'Principal' is denoted in simple interest calculation?

A

'P'

B

'I'

C

'R'

D

'n'

Question 13 1 Marks

What is the difference between the simple and the compound interest amount at 5% per annum for 2 years on a principal of Rs.20000/-?

A

Rs.5

B

Rs.25

C

Rs.50

D

Rs.55

Question 14 1 Marks

What is the interest earned, if the principal is for Rs.12500/- maturity becomes to a amount of Rs.17500/-?

A

Rs.30000

B

Rs.25000

C

Rs.5000

D

Rs.5500

Question 15 1 Marks

What is the simple interest for the principal amount of Rs.100000 at 10% per annum for 1 year period?

A

Rs.1000/-

B

Rs.5000/-

C

Rs.50000/-

D

Rs.10000/-

Question 16 1 Marks

What is the cost price if the product is sold at Rs. 572 with a profit of Rs. 72?

A

Rs. 500

B

Rs. 1000

C

Rs. 644

D

Rs. 472

Question 17 1 Marks

What is the selling price, if the profit is 5% for a computer table bought at Rs.1150/- with Rs.50/- as a transport charge?

A

1160

B

1620

C

1060

D

1260

Question 18 1 Marks

What is the formula to find Loss %?

A

(Lossx100)/(C.P)

B

(CP)/(Lossx100)

C

(Loss+100)/(S.P)

D

(S.P)/(Loss+100)

Question 19 1 Marks

What is discount?

A

Selling price is less than Cost price

B

Selling price is greater than Cost price

C

The reduction given to the selling price of a product

D

Selling price + discount

Question 20 1 Marks

What is the formula to find selling price (S.P) if there is a loss?

A

((100)/(100+Profit %))xS.P

B

((100+Profit %)/(100))xC.P

C

((100)/(100-Loss %))xS.P

D

((100-Loss %)/(100))xC.P

Question 21 1 Marks

What is the compounded amount, if the principal of Rs.30000/- and interest earned at 7% per annum is Rs.4347?

A

Rs.30347/-

B

Rs.32347/-

C

Rs.33347/-

D

Rs.34347/-

Question 22 1 Marks

What is denoted as 'I'?

A

Principal

B

Interest

C

Rate

D

Year

Question 23 1 Marks

What is the principal amount deposited, if the maturity proceeds to an amount of Rs.25000/- and interest earned Rs.6000/-?

A

Rs.31000/-

B

Rs.19000/-

C

Rs.20000/-

D

Rs.25000/-

Question 24 1 Marks

What is the interest earned, if the principal is Rs.12000/- becomes to an amount of Rs.15600/-?

A

Rs.2600

B

Rs.3600

C

Rs.4600

D

Rs.5600

Question 25 1 Marks

What is the compound interest on a principal of Rs.25000/- after 3 years at the rate of 12% per annum?

A

Rs. 9000

B

Rs.9720

C

Rs.10123.20

D

Rs.10483.20

Question 26 1 Marks

What is the profit amount, if the i - phone cost price is Rs.50000/- and selling price is Rs.70000/-?

A

Rs. 2000/-

B

Rs. 10000/-

C

Rs. 20000/-

D

Rs. 50000/-

Question 27 1 Marks

How the years is denoted in simple interest calculations?

A

P

B

I

C

n

D

r

Question 28 1 Marks

What is a profit?

A

Selling price - Cost price

B

Cost price - Selling price

C

Selling price + Cost price

D

Cost price + Selling price