GRADUATE MANAGEMENT ADMISSION
TEST (GMAT) – USED FOR
ECONOMICS/FINANCE PROGRAMS
PRACTICE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED
ANSWERS) PLUS RATIONALES 2026 Q&A
| INSTANT DOWNLOAD PDF
1. If x+2=7x+2=7, what is x?
A. 3
B. 4
C. 5
D. 6
Rationale: Subtract 2 from both sides: x = 7 − 2 = 5.
2. What is 20% of 150?
A. 20
B. 25
C. 30
D. 35
Rationale: 20% = 0.2; 0.2 × 150 = 30.
3. If a product price increases from 100 to 120, what is the percentage
increase?
A. 10%
B. 15%
C. 20%
D. 25%
Rationale: Increase = 20; 20/100 = 20%.
,4. Solve: 2x=142x=14
A. 5
B. 6
C. 7
D. 8
Rationale: Divide both sides by 2.
5. What is the average of 4, 6, and 10?
A. 5
B. 6
C. 7
D. 6.67
Rationale: (4+6+10)/3 = 20/3 ≈ 6.67.
6. If demand increases, price typically:
A. Falls
B. Stays same
C. Rises
D. Becomes zero
Rationale: Higher demand raises equilibrium price.
7. What is the median of 2, 5, 7, 9, 11?
A. 5
B. 7
C. 9
D. 6
Rationale: Middle value in ordered list.
8. Solve: x2=16x2=16
A. 2
B. -2
C. ±4
D. 8
Rationale: Square roots of 16 are ±4.
9. What is GDP?
A. Government debt
B. Total value of goods/services produced
, C. Inflation rate
D. Export value
Rationale: GDP measures total production.
10.Probability of flipping heads on a fair coin:
A. 0
B. 0.25
C. 0.5
D. 1
Rationale: Two equally likely outcomes.
11.If interest rate rises, bond prices:
A. Rise
B. Fall
C. Stay same
D. Double
Rationale: Inverse relationship.
12.What is 15 × 4?
A. 45
B. 50
C. 60
D. 65
Rationale: Basic multiplication.
13.What does inflation measure?
A. Growth
B. Employment
C. Price increase
D. Income
Rationale: Inflation = rise in general prices.
14.Solve: 3x+2=113x+2=11
A. 2
B. 3
C. 4
D. 5
Rationale: 3x = 9 → x = 3.
TEST (GMAT) – USED FOR
ECONOMICS/FINANCE PROGRAMS
PRACTICE EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED
ANSWERS) PLUS RATIONALES 2026 Q&A
| INSTANT DOWNLOAD PDF
1. If x+2=7x+2=7, what is x?
A. 3
B. 4
C. 5
D. 6
Rationale: Subtract 2 from both sides: x = 7 − 2 = 5.
2. What is 20% of 150?
A. 20
B. 25
C. 30
D. 35
Rationale: 20% = 0.2; 0.2 × 150 = 30.
3. If a product price increases from 100 to 120, what is the percentage
increase?
A. 10%
B. 15%
C. 20%
D. 25%
Rationale: Increase = 20; 20/100 = 20%.
,4. Solve: 2x=142x=14
A. 5
B. 6
C. 7
D. 8
Rationale: Divide both sides by 2.
5. What is the average of 4, 6, and 10?
A. 5
B. 6
C. 7
D. 6.67
Rationale: (4+6+10)/3 = 20/3 ≈ 6.67.
6. If demand increases, price typically:
A. Falls
B. Stays same
C. Rises
D. Becomes zero
Rationale: Higher demand raises equilibrium price.
7. What is the median of 2, 5, 7, 9, 11?
A. 5
B. 7
C. 9
D. 6
Rationale: Middle value in ordered list.
8. Solve: x2=16x2=16
A. 2
B. -2
C. ±4
D. 8
Rationale: Square roots of 16 are ±4.
9. What is GDP?
A. Government debt
B. Total value of goods/services produced
, C. Inflation rate
D. Export value
Rationale: GDP measures total production.
10.Probability of flipping heads on a fair coin:
A. 0
B. 0.25
C. 0.5
D. 1
Rationale: Two equally likely outcomes.
11.If interest rate rises, bond prices:
A. Rise
B. Fall
C. Stay same
D. Double
Rationale: Inverse relationship.
12.What is 15 × 4?
A. 45
B. 50
C. 60
D. 65
Rationale: Basic multiplication.
13.What does inflation measure?
A. Growth
B. Employment
C. Price increase
D. Income
Rationale: Inflation = rise in general prices.
14.Solve: 3x+2=113x+2=11
A. 2
B. 3
C. 4
D. 5
Rationale: 3x = 9 → x = 3.
