Disclaimer

We have compiled of CA Foundation December 2020 Question

paper, based on the memory of students who have appeared for
CA Foundation exam. Questions asked in the examination may
have inadequate/wrong information and/or ambiguous language. In
that case the answers provided by the institute may differ from
these ideal answers. Vidya Sagar Institute IS NOT RESPOSIBLE
FOR ANY MISTAKES IN THIS QUESTION PAPER. Every effort
has been made taken to give the best answers. Still if you find
some errors please bring them to our notice through e-mail or call.
Mail id: vsijaipur@yahoo.com
 Admission Start

For

Sure Success Batch

CA INTERMEDIATE
November 2021
Limited Seats
(English and Hindi Medium)

st
From 21 December 2020
Registration fee : ` 20,000
In case of negative result of CA Foundation
Registration Fee will be refundable.

Vidya Sagar Institute

K-50, Bhawna Tower, Income Tax Colony, Tonk Road,
Near Durga Pura, Bus Stand, Jaipur - 302018
Mobile :- 93514-68666 Ph. :- 7821821250, 7821821251, 7821821252,
7821821253, 7821821254. web : www.vsijaipur.com
 CA Foundation – December 2020
Question Paper (Compiled By :- VSI, Jaipur. Based on Memory)
Marks 100 Time : 2 Hours

"BUSINESS MATHEMATICS "

a b
1. If a : b = 9 :4 then  ?
b a
(a) 2/3 (b) 3/2
(c) 6/13 (d) 13/6

2. If a : b = 3: 7 then 3a + 2b : 4a + 5b = ?
(a) 27 : 43 (b) 23 : 47
(c) 24 : 51 (d) 29 : 53

3. The ratio of no. of boys and the no. of girls in a school is found to be 15:32. How many boys
and equal no. of girls should be added to bring the ratio to 2/3?
(a) 20 (b) 19
(c) 23 (d) 27

4. Find the value of ‘a’ from the following

 9   3   3
–5 7 –a

(a) 13 (b) 11
(c) 15 (d) 17

5. log 9 + log 5 is expressed as _______

(a) log (9/5) (b) log 4
(c) log (5/9) (d) log 45

6. If log a  3   16 find the value of ‘a’

(a) 81 (b) 9
(c) 27 (d) 3

7. Solving equation m+ m  6 / 25 the value of ‘m’ works out to

(a) 2/25 (b) 1/25
(c) 3/25 (d) 1

8. Solving equation 3g2–14g + 16 = 0, we get roots as

(a) 0 (b) ±5
(c) 8 and 2/3 (d) 2 and 8/3

9. If 2x2 –(a+6)2X+12a = 0 then roots are

(a) 4 & a2 (b) 6&a
(c) 3 & 2a (d) 6 & 3a

10. The rational root of the equation 0 = 2p3 – p2 – 4p + 2 is

(a) –2 (b) 2
(c) ½ (d) – ½
11. Transpose of a row matrix is _________
(a) Zero matrix (b) Column matrix
(c) Row matrix (d) Diagonal matrix

0 –i  0 1 
12. If A3    & A4    where i2 = –1 then A2 = ________
 –i 0 1 0 
 –i 0  –1 0 
(a)   (b)  
0 –i   0 –1
0 –1 0 i 
(c)  (d)
 –i 0   i 0
 

13. What sum of money will produce Rs. 42,800 as an interest in 3 years and 3 months at 2.5%
p.a. simple interest ?
(a) Rs. 3,78,000 (b) Rs. 5,26,769
(c) Rs. 4,22,000 (d) Rs. 2,24,000

14. On what sum will the compound interest at 5% p.a for 2 years compounded annually be Rs.
3,280
(a) Rs. 16,000 (b) Rs. 32,000
(c) Rs. 48,000 (d) Rs. 64,000

15. An amount P becomes Rs. 5,100.5 and Rs. 5,203 after second and fourth years respectively, at
r% of interst per annum compounded annually. Thus, values of P and r are
(a) Rs. 5,000 and 1 (b) Rs. 4,000 and 1
(c) Rs. 6,000 and 2 (d) Rs. 5,500 and 3

16. A certain sum invested at 4% per annum compounded semi-annually amounts to Rs,. 1,20,000
at the end of one year. Find the sum
(a) 1,10,120 (b) 1,15,340
(c) 1,12,812 (d) 1,13,113

17. The ratio of principal and the compound interest value for three years (compounded
annually) is 216: 127. The rate of interest is
(a) 0.1567 (b) 0.1777
(c) 0.1666 (d) 0.1588

18. An amount is lent at a nominal rate of 4.5% per annum compounded quarterly. What would
be the gain in rupees over when compounded annually.
(a) 0.56 (b) 0.45
(c) 0.76 (d) 0.85

19. Which of the following statements is true?

(a) F.V of ordinary annuity < F.V of annuity due
(b) F.V of ordinary annuity > F.V of annuity due
(c) P.V of ordinary annuity > P.V of annuity due
(d) None of the these
20. Suppose you deposit Rs. 900 per month into an account that pays 14.8% interest compound
monthly. How much money will you get after 9 months?
(a) Rs. 8,511 (b) Rs. 9,000
(c) Rs. 9,200 (d) Rs. 1,000

21. Rs. 2,500 is paid every year for 10 years to pay off a loan. What is the loan amount if interest
rate be 14% per annum compounded annually?
(a) 13,040.27 (b) 15,847.90
(c) 14,674.21 (d) 16,345.11

22. Find the present value of Rs. 1,00,000 be required after 5 years if the rate of interest is 9%
given that (1.09)5 = 1.5386
(a) 78,995.98 (b) 64,994.20
(c) 88,992.43 (d) 93,902.12

23. Determine the present value of perpetuity Rs. 10 per month for infinite period at an effective
rate of interest of 14% p.a.?
(a) Rs. 657 (b) Rs. 757
(c) Rs. 857 (d) Rs. 957

24. Find the future value of annuity of Rs. 1,000 made annually for 7 years at interest rate of 14%
compounded annually. Given that (1.14)7 = 2.5023
(a) 10,730. 7 (b) 5,365.36
(c) 8,756 (d) 9,892.34

25. A five year annuity due has periodic cash flow of Rs. 100 each year, If the interest rate is 8%
the future value of this annuity is given by
(a) (Rs. 100) × (future value at rate 8% for 5 years) × (0.08)
(b) (Rs. 100) ×(future value at rate 8% for 5 years) × (1–.08)
(c) (Rs. 100) × (future value at rate 8% for 5 years) × (1+.08)
(d) (Rs. 100) × (future value at rate 8% for 5 years) ×(1/0.08)

26. Find the compound interest if an amount of Rs. 50,000 is deposited in a bank for one year at
the rate of 8% per annum compounded semi annually
(a) Rs. 3080 (b) Rs. 4080
(c) Rs. 5456 (d) Rs. 7856

27. 17. If n P4  20 n p2 were denotes the number of permutations n = ________

(a) 4 (b) 2
(c) 5 (d) 7

28. Out of 7 boys and 4 girls a team of a debate club of 5 is to be chosen. The number of teams
such that each team includes at least one girl is __________
(a) 429 (b) 439
(c) 419 (d) 441

29. From a group of 8 men and 4 women, 4 persons are to be selected to form a committee so that
at least 2 women are there on the committee. In how many ways can it be done?
(a) 201 (b) 168
(c) 202 (d) 220
30. A fruit basket contains 7 apples, 6 bananas and 4 mangoes. How many selections of 3 fruits
can be made so that all 3 are apples?
(a) 120 ways (b) 35 ways
(c) 168 ways (d) 70 ways

31. The 20th terms of arithmetic progression whose 6th term is 38 and 10th term is 66 is ______
(a) 136 (b) 118
(c) 178 (d) 210

32. Divide 69 into 3 parts which are in A. P and are such that the product of first two parts is 460
(a) 20, 23, 26 (b) 21, 23, 25
(c) 19, 23, 27 (d) 22, 23, 24

33. Three numbers is G.P. with their sum is 130 and their product is 27,000 are ____
(a) 90, 30, 10 (b) 10, 30, 90
(c) (a )& (b) Both (d) 10 , 20 ,30

34. The set of cubes of natural numbers is

(a) Null set (b) Finite set
(c) Infinite set (d) A finite set of three numbers

35. Two finite sets respectively have x and y number of elements. The total number of sub sets of
the first is 56 more than the total no. of sub sets of the second. The value of x, y are
respectively ___________
(a) 4 and 2 (b) 6 and 3
(c) 2 and 4 (d) 3 and 6

36. The number of items in the set A is 40, in the Set B is 32; in the Set C is 50; in both A and B is 4;
in both A and C is 5; in both B and C is 7; in all the set is 2. How many are in only one set?
(a) 65 (b) 110
(c) 106 (d) 84

37. The inverse function f –1 of f(y) = 3y is ______

(a) 1/3y (b) y/3
(c) –3y (d) 1/y

38 If Y = x (x–1) (x–2) then dy/ dx is

(a) –6 x (b) 3x2 –6x +2
(c) 6x +4 (d) 3x2 –6x

13
39. The average cost function of a good is 2Q  6  where Q is the quantity produced. The
Q
approx. cost at Q = 15 is _______
(a) 42 (b) 36
(c) 66 (d) 130

40.
 "LOGICAL REASONING"
3 8 18 78
41. , , ,?,
8 19 41 173
38 83
(a) (b)
85 38
81
(c) (d) None of these
38

42. Find the missing value in the series 0, 2, 3, 6 10, 17, 28, ? 75.
(a) 58 (b) 46
(c) 48 (d) 54

43. Find odd man out of the following 6, 9, 12, 18, 21, 26, 30
(a) 24 (b) 30
(c) 26 (d) 9

44. If in a certain language HEALTH is coded as IFBMUI then what is the code for NORTH
(a) OPSUI (b) OPUSI
(c) OUSPI (d) OIPSU

45. A man is facing west. He turns 45 degrees in the clockwise direction and then another 180
degrees in the same direction and then 270 degrees in the anticlockwise direction. Which
direction is he facing now?
(a) South – West (b) North - West
(c) West (d) South

46. A man can walk by having long, medium and short steps. He can cover 60 meters by 100 long
steps, 100 meters by 200 medium steps and 80 meters by 200 short steps. He starts walking
by 5,000 long steps, then he turns left and walk by taking 6,000 medium steps. He then turns
right and walk by taking 2,500 short steps. How far (in meters) is he away from his starting
point?
(a) 5,000 m (b) 4,000 m
(c) 6,000 m (d) 7,000 m

47. Rahim faces towards north turning to his right he walks 25 mtrs he then turns to his left and
walks 30 mtrs. Next he moves 25 mtrs. To his right then he turns to his right again and walks
55 mtrs. Finally he turns to the right and moves 40 mtrs. In which direction is he now from the
starting point?
(a) South – West (b) South
(c) North – West (d) South – East

48. One day, Ram left home and cycled 10 km southwards, then he turns right and cycled 5 km,
then he turns right and cycled 10 km and then he turns left and cycled 10 km. How many
kilometers will he have to cycle to reach his home straight?
(a) 15 km (b) 10 km
(c) 20 km (d) 25 km
49. You are facing North – east and moved forward 10 cms and turned left for 7.5 cm what is your
position ?
(a) North from initial (b) South from initial
(c) East from initial (d) None of these

50. Read the following information carefully and answer the question below. In a family of six
persons A, C, E, F, I, K there are two married couples. G is grandmother of A and mother C. E is
wife of C and mother of K, K is the granddaughter of I. What is E to A?
(a) Daughter (b) Mother
(c) Grandmother (d) Aunt

51 A man said to a lady “Your mother’s husband’s sister is my aunt.” How is the man related to
the lady?
(a) Father (b) Grandfather
(c) Son (d) Brother

52. Pointing towards a person a man said to a woman. “His mother is the only daughter of your
father. How is the woman related to that person?
(a) Daughter (b) Mother
(c) Sister (d) Wife

53. Pointing to a lady, A said “that women is my nephew’ maternal grandmother.” How is that
women related to A’s sister who has no sister?
(a) Cousin (b) Son-in-law
(c) Mother (d) Mother-in-law

54. Vicky introduces John as the son of the only brother of his father’s wife. How is Vicky related
to John?
(a) Cousin (b) Son
(c) Brother (d) Uncle

55. Point out to a lady sohil said she is the daughter of woman. Who is the mother of the husband
of my mother. Who is the lady to Sohil ?
(a) Sister (b) Aunt
(c) Daughter (d) Sister-in-law

56. Five girls G,H, I, J, K are sitting in a row facing south not necessarily in the same order. H is
sitting between G and K; I is immediate right to K; J is immediate left to G. Which of the
following is true?
(a) j is third to the left of K (b) G is second to the left of I
(c) H is to the right of K (d) H is to the left of G

57. Eight friends I, J, K, L, M, N, O and P are sitting in a circle facing the centre. J is sitting between
O and L; P is third to the left of J and Second to the right of I; K is sitting between I and O; J & M
are not sitting opposite to each other. Which of the following statements is NOT correct?
(a) K is sitting third to the right of L (b) I is sitting between K and N
(c) L and I are sitting opposite to each other (d) M is sitting between N and L
58. Some cars are towns
Some towns are flowers
All Plants are flowers
Conclusion : I No plant is a car
II Some cars are flowers
(a) Conclusion II is true (b) Conclusion I is true
(c) Either conclusion I or II (d) Neither I nor II conclusion

59. All huts are flats

No flat is a building
All building are cottages
Conclusion: I No Hut is a cottage
II Some buildings are Huts
(a) Conclusion I follows (b) Conclusion II follows
(c) Either Conclusion I or II follows (d) Neither I nor II follows

60.
 "STATISTICS"
61. The average of salaries in a factory is Rs. 47,000. The statement that the average salary
Rs. 47,000 is ________
(a) Descriptive statics (b) Inferential
(c) Detailed (d) Undetailed

62. Statistics cannot deal with ________ data.

(a) Quantitative (b) Qualitative
(c) Textual (d) Attribute

63. Sweetness of a sweet dish is _______________

(a) Attribute (b) Discrete Variable
(c) Continuous Variable (d) Variable

64. Census reports are used as a source of _______ data

(a) Secondary (b) Primary
(c) Organize (d) Confidential

65. Types of cumulative frequencies are ________

(a) 1 (b) 2
(c) 3 (d) 4

66. You are an auditor of a firm and the firm earns a profit Rs. 67,000/– you stated to them that
the annual profit is Rs. 67,000. This is _______ type of statics.
(a) Descriptive (b) Detailed
(c) Non detailed (d) Inferential

67. The _______ are used usually when we wants to examine the relationship between two
variables.
(a) Bar Graph (b) Pie Chart
(c) Line Chart (d) Scatter Plot

68. Given the weights for the numbers 1, 2, 3, …………… n are respectively 12, 22, 32, ………….. n2
Then weighted HM is _________
2n+1 2n+1
(a) (b)
4 6
2n+1 2n+1
(c) (d)
3 2

69. Which measure is suitable for open – end classification?

(a) Median (b) Mean
(c) Mode (d) GM

70. 50th percentile is equal to _________

(a) Median (b) Mode
(c) Mean (d) None
71. For a distribution Mean, Median and Mode are 23, 24 and 25.5 respectively, then it is most
likely _________ skewed distribution
(a) Positively (b) Symmetrical
(c) Asymptotically (d) Negatively

72. If any two numbers are in AP, then GM2 = ___________

(a) AM × HM, (b) AM + HM
(c) M × Z (d) AM × M

73. Two values yielded an arithmetic mean of 24 and a harmonic mean of 6. The geometric mean
of these values is _________
(a) 8 (b) 12
(c) 14 (d) 16

1 1
74. The HM of A and B is and HM of C and D is . Then HM of A, B, C and D is ________
3 5
8 1
(a) (b)
15 4
15 4
(c) (d)
8 15

75. Which one of these is least affected by extreme values?

(a) Mean (b) Median
(c) Mode (d) None

76. A fire engine rushes to a place of fire accident with a speed of 110 kmph and after the
completion of operation returned to the base at a speed of 35 kmph. The average speed per
hour in per direction is obtained as ________ Speed.
(a) Avg. of (b) HM of
(c) GM of (d) Half of MH of

77. Ten matches data is given. Then which of the following cannot be found?
(a) Least Score (b) Highest Score
(c) Best Score (d) Median Score

78. If the AM and HM of two numbers are 6 and 9 respectively, then GM is _________
(a) 7.35 (b) 8.5
(c) 6.5 (d) None

79. Which of the following measure of dispersion is based on absolute deviations?

(a) Range (b) SD
(c) Mean Deviation (d) Quartile Deviation

80. Which of the following is spurious correlation ?

(a) Correlation between two variables having no causal relationship
(b) Negative Correlation
(c) Bad relation between two variables
(d) Very low correlation between two variables
81. Scatter diagram does not help us to
(a) Find the type of correlation
(b) Identify whether variables correlated or not
(c) Determine the linear (or) non – linear correlation
(d) Find the numerical value of correlation coefficient

82. The Covariance between two variables is

(a) Strictly Positive
(b) Strictly Negative
(c) Always Zero
(d) Either positive (or) Negative (or) Zero

83. When 2 fair dice are thrown what in the probability of getting the sum which is a multiple of
3?
(a) 4/36 (b) 8/36
(c) 2/36 (d) 12/36

84. When two of coins are tossed simultaneously the probability of getting at least one tail
(a) 1 (b) 0.75
(c) 0.5 (d) 0.25

85. When 3 dice are rolled simultaneously the probability of a number on the numbers on two
dice
(a) 12/216 (b) 36/216
(c) 48/216 (d) 60/216

86. If A speaks 75% of truth and B speaks 80% of truth. In what percentage both of then likely
contradict with each other in narrating the same questions?
(a) 0.60 (b) 0.45
(c) 0.65 (d) 0.35

87. When of the following is uni-parametric distribution?

(a) Normal (b) Poisson
(c) Binomial (d) Hyper geometric

88. If the probability of success in a binomial distribution is less than one – half, then the
binomial distribution _____________.
(a) Is skewed to left (b) is skewed to right
(c) has two modes (d) has median at a point > mean + ½

89. If we change the parameter (s) of a ________ distribution the Sharpe of probability curve does
not change.
(a) Binomial (b) Normal
(c) Poisson (d) Non-Gaussian

90. Which one of the following has Poisson distribution ?

(a) The number of days to get a complete cure
(b) The number of defects per meter on long roll of coated polythene sheet
(c) The errors obtained in repeated measuring of the length of a rod.
(d) The number of claims rejected by an insurance agency.
91. For a Poisson distributed variable X, we have P(X= 7) = 8. P (X= 9), the mean of the
distribution is
(a) 4 (b) 3
(c) 7 (d) 9

92. The quartile deviation of a normal distribution with mean 10 and standard deviation 4
is__________
(a) 54.24 (b) 23.20
(c) 0.275 (d) 2.70

6
93. If the parameter of poisson distribution is m and (mean + S.D. = then find m.
25
3 1
(a) (b)
25 25
4 3
(c) (d)
25 5

94. Fisher’s ideal index does not satisfy ______ test

(a) Circular (b) Time Reversal
(c) Factor reversal (d) Unit

95. Index Number are expressed as _________

(a) Squares (b) Rations
(c) Percentages (d) Combinations

96. If Laspeyre’s index number is 110 and Fisher’s ideal index number is 109. Then Paasche’s
Index number is
(a) 108 (b) 110
(c) 109 (d) 118

97. Decomposition of time series is known as _________

(a) Detrending (b) Histogram
(c) Analysis of time series (d) Historiagram

98. In time series seasonal variations can occur within a period of :

(a) One year (b) Three Years
(c) Nine Years (d) Five Years

99. The component of time series attached to long term variation is ________
(a) Secular Trend (b) Cyclical Trend
(c) Irregular Trend (d) Long Period

100. ___________ Variations are usually longer than one year

(a) Seasonal (b) Cyclical
(c) Trend (d) None
 ANSWER KEY

1 2 3 4 5 6 7 8 9 10
D B B D D C B D B C
11 12 13 14 15 16 17 18 19 20
B B B B A B C C A A
21 22 23 24 25 26 27 28 29 30
A B C A C B D D A B
31 32 33 34 35 36 37 38 39 40
A A C C B – B B – ……..
41 42 43 44 45 46 47 48 49 50
A B C A A A D A D B
51 52 53 54 55 56 57 58 59 60
D B C A B A D D D ………
61 62 63 64 65 66 67 68 69 70
A C A A B A D C A A
71 72 73 74 75 76 77 78 79 80
D A B B C B C A C A
81 82 83 84 85 86 87 88 89 90
D D D B D D B B B B
91 92 93 94 95 96 97 98 99 100
B D B A C A A A A B

36. There is no correct option. Correct answer is 96.

39. There is no correct option. Correct answer is Rs. 553.