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Updated Latest QM (PRC-02) Last Assignment 1300 Questions for March

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This Updated Latest QM (PRC-02) Last Assignment 1300 Questions for March resource is fully optimized for students preparing for Quantitative Methods (QM) PRC-02 in professional accounting and finance programs seeking intensive practice and revision. With 1300 high-quality practice questions, this assignment covers every major topic including frequency distributions, measures of central tendency, probability theory, hypothesis testing, time value of money, simple and multiple regression analysis, correlation, and more. Carefully structured to reflect real exam patterns, these questions help build confidence and speed in problem-solving for midterms and final exams. The content has been updated to reflect the latest 2026 syllabus trends, ensuring relevance for current academic assessments. This comprehensive collection supports both self-study and classroom use, making it ideal for students who want thorough preparation across basic, intermediate, and advanced quantitative topics. Whether you’re strengthening fundamentals or polishing exam strategy, this assignment acts as a go-to practice bank to elevate your performance and mastery in QM (PRC-02).

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Quantitative Methods
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Uploaded on
January 29, 2026
Number of pages
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Written in
2025/2026
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1
Prepared by: Dawood Shahid CA & CIMA Affiliate, CPA, MPhil, MBA, OCE
jl

, QM (PRC - 02)
Last Assignment
1300 Questions
For
March 2022
by
Sir Dawood Shahid



2
Prepared by: Dawood Shahid CA & CIMA Affiliate, CPA, MPhil, MBA, OCE
jl

, Last Assignment Mixed Questions of All chapters
1) Construction of frequencyl distribution:
a) Helps in deleting the data
j l jl jl jl jl b) Begins by recording the numb
j l j l j l j l j l


er
of times a particular value occurs
jl jl jl jl jl


c) Is the only way to assess mode o
j l j l j l j l j l j l j l j l d) All of the above
j l jl jl jl


d population.
jl



2) Whichl ofl thel followingl isl correct?
a) Results of sampling enquiries or a
j l j l j l j l j l j l j b) The
j l data which is
census is called raw data
l jl jl jl jl collected specifically for jl


the ongoing
investigation is called primary data jl jl jl jl


c) The data which is stored
j l d) Both (a) and (b)
j l jl jl jl


after classification is called seco jl jl jl jl


ndary data jl



3) Whichl ofl thel followingl isl correct?
a) Results of sampling enquiries or a
j l j l j l j l j l j l j b) The
j l data which is
census is called raw data
l jl jl jl jl collected specifically for jl


the ongoing
investigation is called primary data jl jl jl jl


c) The data which is stored after
j ljl d) Both (a) and (b)
j l jl jl jl


classification and summation is called s jl jl jl jl jl


econdary data jl



4) If a frequency distribution is skewed to the left (negatively skewed), then:
a) Mean<median>mode
j l b) Mean>median>mode
jljl


c) Mode>median> Mean
j l jl d) Arithmetic mean < geometric mea
j l j l j l j l j l


n
< harmonic mean
jl jl



5) Following is the data related to number of persons per house in a village town:
No. of persons per house
jl jl 1 2 3 jl 4 5 jl 6 7 8 9 10
No. of houses
jl jl 25 114 120 90 50 41 20 12 3 2
The mean, median and modal number of persons per house are:
jl jl jl jl jl jl jl jl jl jl




a) 3.67, 3, 3
j l jl jl b) 3.62, 4, 5
jljl jl jl


c) 3.67, 3, 5
j ljl jl jl d) 3.42, 3, 3
jljl jl jl



6) Which of the following statement is CORRECT about the median?
a)l Thel upperl quartilel isl alsol calledl thel median
b)l Itl isl al measurel ofl centrall tendency
c)l Itl isl middlel valuel nol matterl thel datal isl arrangedl inl anyl order
3(nll1)
d)l Thel positionl ofl thel medianl canl bel foundl byl usingl thel expressionl
2
7)

3
Prepared by: Dawood Shahid CA & CIMA Affiliate, CPA, MPhil, MBA, OCE
jl

, Class boundary
jl 10--12 12—14 14—16 16—18 18—20
Frequency 14 26 42 38 8
The geometric mean of the above data is:
jl jl jl jl jl jl jl


a) 1.17 j l b) 14.53
jljl


c) 14.70 j ljl d) 14.87
j l



8) Whichl ofl thel followingl statementsl isl correctl inl respectl ofl thel equation? X+2Y+3=0
a) The value of the intercept on the y-axis is 3
jl jl jl jl jl jl jl jl jl


b) The value of the intercept on x-axis is –3
jl jl jl jl jl jl jl jl


c) The slope of the line is 1
jl jl jl jl jl jl


d) The degree of the equation is 0
jl jl jl jl jl jl



9) Ifl al negativel slopel linel passesl throughl al pointl (4,8)l andl xl interceptl isl ¼l ofl thel y-intercept.l
Findl equationl ofl straightl line
a) 4x+y=24
j l b) 4x –y=24
j l jl jl


c) X+4y=24
j ljl d) X –4y=24
j l jl jl



10) Whichl ofl thel followingl statementsl isl correctl inl respectl ofl thel equation? 5X+2Y-10=0
a) The value of the intercept on the y-axis is 2
jl jl jl jl jl jl jl jl jl


b) The value of the intercept on x-axis is –5
jl jl jl jl jl jl jl jl


c) The slope of the line is 2.5
jl jl jl jl jl jl


d) The degree of the equation is 1
jl jl jl jl jl jl




11) Ifl inl al frequencyl distribution,l mode<median<meanl thenl thel frequencyl distributionl is
a) Symmetrical around the median
j l jl jl jl b) Symmetrical around the mean
j l jl jl jl


c) Skewed to left (negatively skewed)
jljl jl jl jl jl d) Skewed to
j l right
(positively skewed) jl



12) Ifl al frequencyl distributionl Skewedl tol left l (negativelyl skewed),l then
a) Mean<median<mode
j l b) Mean>median>mode
jljl


c) Mode>median>mean
j l d) Arithmetic mean < geometric mea
j l j l j l j l j l


n
< harmonic mean jl jl



13) Ifl thel peakl ofl thel histograml isl inl thel middlel andl thel frequenciesl onl either l sidel arel similar l to
each other, the distribution is said to be (01 mark)
a) Normal
j l b) Balanced
jljl


c) Binomial
j ljl d) Symmetrical
j l



14) Whichl ofl thel followingl statementsl isl correct?
a) An Ogive is the graph of a cumulative frequency distribution
jl jl jl jl jl jl jl jl jl


b) Median of a grouped frequency distribution can be found by constructing an Ogive
jl jl jl jl jl jl jl jl jl jl jl jl


c)
An Ogive is constructed by joining the mid points of the top of each recta
jl jl jl jl jl jl jl jl jl jl jl jl jl jl


ngle histogram with straight lines
jl jl jl jl


d) Both (a) and (b) jl jl jl



15) Whichl ofl thel followingl statementsl isl correct?
a) A frequency polygon can be constructed by joining two symmetrical ogives
jl jl jl jl jl jl jl jl jl jl




4
Prepared by: Dawood Shahid CA & CIMA Affiliate, CPA, MPhil, MBA, OCE
jl
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