300+ TOP Quantitative Techniques for Business MCQs and Answers Quiz

Quantitative Techniques for Business Multiple Choice Questions

1. The techniques which provide the decision maker a systematic and powerful means of analysis to explore policies for achieving predetermined goals are called……………..
A. mathematical techniques

B. correlation technique

C. quantitative techniques

D. none of the above

Answer: C. quantitative techniques

2. Programming techniques are generally known as ……………………………..
A. statistical techniques

B. mathematical techniques

C. operation research techniques

D. none of these

Answer: B. mathematical techniques

3. ……………………………is the reverse process of differentiation
A. differential equation

B. integration

C. determinant

D. none of these

Answer: B. integration

4. ………………………… is a powerful device developed over the matrix algebra.
A. integration

B. differentiation

C. determinants

D. none of these

Answer: C. determinants

5. Correlation analysis is a……………………… analysis.
A. univariate analysis

B. bivariate analysis

C. game theory

D. queuing theory

Answer: D. queuing theory

6. When the values of two variables move in the same direction, correlation is said to be ……….
A. positive

B. negative

C. linear

D. non-linear

Answer: A. positive

7. When the values of two variables move in the opposite direction, correlation is said to be……
A. positive

B. negative

C. linear

D. non-linear

Answer: B. negative

8. When the amount of change in one variable leads to a constant ratio of change in the other variable, correlation is said to be ……………………….
A. positive

B. negative

C. linear

D. non-linear

Answer: C. linear

9. Scatter diagram is also called ……………………………..
A. correlation graph

B. zero correlation

C. probability

D. none of the above

Answer: B. zero correlation

10. If all the points of a scatter diagram lie on a straight line falling from the lower left-hand corner to the upper right-hand corner, the correlation is said to be ……………………..
A. zero correlation

B. perfect positive correlation

C. perfect negative correlation

D. high degree of positive correlation

Answer: B. perfect positive correlation

11. If all the dots of a scatter diagram lie on a straight line falling from the upper left-hand corner to the lower right hand corner, the correlation is said to be ……………………..
A. zero correlation

B. perfect positive correlation

C. perfect negative correlation

D. high degree of negative correlation

Answer: C. perfect negative correlation

12. The quantitative measure of correlation between two variables is known as………………...
A. coefficient of correlation

B. coefficient of regression

C. coefficient of determination

D. none of the above

Answer: A. coefficient of correlation

13. Coefficient of correlation measures …………………………………….
A. location

B. variability

C. concentration

D. relation

Answer: D. relation

14. Coefficient of correlation lies between ……………………………….
A. 0 and 1

B. 0 and -1

C. +1 and -1

D. none of these

Answer: C. +1 and -1

15. Karl Pearson’s coefficient of correlation is denoted by the symbol ………………
A. r

B. r

C. k

D. none of the above

Answer: B. r

16. Correlation can be ……………………………………..
A. positive only

B. negative only

C. between +1 and -1

D. positive

Answer: C. between +1 and -1

17. If r= +1, the correlation is said to be …………………..
A. perfectly positive correlation

B. high degree of correlation

C. direction and degree

D. none of the above

Answer: A. perfectly positive correlation

18. An analysis of the covariance between two or more variables is called …………………………
A. regression analysis

B. correlation analysis

C. testing of hypothesis

D. none of these

Answer: B. correlation analysis

19. In correlation analysis, P.E. = ………………..0.6745
A. standard error

B. probable error

C. coefficient of non-determination

D. coefficient of alienation

Answer: A. standard error

20. If correlation between the two variables is unity , there exists ………………………………….
A. perfect +ve correlation

B. perfect -ve correlation

C. zero correlation

D. perfect correlation

Answer: D. perfect correlation

21. In correlation analysis, the formulae 1-r2 is used to compute the value of …………………..
A. coefficient of determination

B. coefficient of non-determination

C. coefficient of correlation

D. coefficient of alienation

Answer: B. coefficient of non-determination

22. Study of correlation between two sets of data only is called …………………………
A. partial correlation

B. simple correlation

C. multiple correlation

D. none of the above

Answer: B. simple correlation

23. ………..is the study of correlation between one dependent variable with one independent variable by keeping the other independent variables as constant.
A. multiple correlation

B. simple correlation

C. partial correlation

D. none of the above

Answer: C. partial correlation

24. ……….is the study of correlation among three or more variable simultaneously.
A. multiple correlation

B. partial correlation

C. simple correlation

D. none of the above

Answer: A. multiple correlation

25. In a correlation analysis, if r=0, then we may say that, there is ………………… between variables.
A. no correlation

B. perfect correlation

C. linear correlation

D. none of the above

Answer: A. no correlation

26. Coefficient of correlation is independent of ………………………………….
A. origin

B. scale

C. both

D. none

Answer: C. both

27. When r = -1, we may say that, there is ……………………..
A. perfect negative correlation

B. high degree of negative correlation

C. 0.1

D. 2

Answer: A. perfect negative correlation

28. If the ratio of change in one variable is equal to the ratio of change in the other variable, the correlation is said to be …………………………….
A. linear

B. curvi-linear

C. non-linear

D. none of these

Answer: A. linear

29. If the plotted points of a scatter diagram fall on a narrow band, it indicates a. …………degree of correlation.
A. zero

B. low

C. high

D. none of these

Answer: C. high

30. If r =0.9, coefficient of determination is …………………….
A. 9%

B. 90%

C. absence

D. none of these

Answer: C. absence

31. If plotted points in a scatter diagram lie on a straight line vertical to the Y-axis, then r=………
A. +1

B. 0

C. -1

D. none of these

Answer: B. 0

32. …………………………..is the geometric mean of two regression coefficients.
A. coefficient of correlation

B. coefficient of standered deviation

C. arithmetic mean

D. coefficient of variation

Answer: A. coefficient of correlation

33. If dots in a scatter diagram are lie in a haphazard manner, then r= …………………..
A. 0

B. +1

C. -1

D. none of these

Answer: A. 0

34. Product moment correlation was developed by …………………..
A. karl pearson

B. charles edward spearman

C. kelly

D. none of these

Answer: A. karl pearson

35. Spearman’s coefficient of correlation is usually denoted by ……………..
A. r

B. k

C. r

D. none of these

Answer: C. r

36. If m is the coefficient of correlation, then the value of m2 is known as ……………..
A. coefficient of alienation

B. coefficient of determination

C. coefficient of non-determiantion

D. none of these

Answer: B. coefficient of determination

37. If m is the correlation coefficient, then the quantity (1-m2) is called ………………….
A. coefficient of determination

B. coefficient of non-determination

C. coefficient of alienation

D. none of these

Answer: B. coefficient of non-determination

38. The coefficient of correlation between two variables, X and Y , will have negative sign when……
A. x is increasing, y is decreasing

B. x is decreasing, y is increasing

C. any one of the above

D. none of these

Answer: C. any one of the above

39. Coefficient of concurrent deviation depends on ……………………..
A. magnitude of deviation

B. direction of deviation

C. both a and b

D. none of these

Answer: B. direction of deviation

40. ………………………. refers to analysis of average relationship between two variables to provide a mechanism for prediction.
A. correlation

B. regression

C. average

D. none of these

Answer: B. regression

41. The two regression lines coincide each other when r = …………………..
A. 0

B. -1

C. +1

D. none of these

Answer: C. +1

42. The two regression lines are mutually perpendicular when r = …………..
A. 0

B. -1

C. +1

D. none of these

Answer: A. 0

43. byx is the regression coefficient of regression equation ………………………
A. y on x

B. x on y

D. none of these

Answer: A. y on x

44. The signs of regression coefficients will be …………………..
A. different

B. same

D. none of these

Answer: B. same

45. The signs of correlation coefficient and regression coefficient are ……………………….
A. different

B. same

D. none of these

Answer: B. same

46. Scatter diagram of the various values of ( X, Y) gives the idea about …………………..
A. regression model

B. distribution of errors

C. functional relationship

D. none of the above

Answer: C. functional relationship

47. If X and Y are independent , the value of regression coefficient byx = ………………..
A. 1

B. 0

C. greater than 1

D. any negative value

Answer: B. 0

48. bxy x byx = …………………………
A. coefficient of regression

B. coefficient of regression

C. both

D. none

Answer: C. both

49. If X and Y are two variables, there can be at most ……………………..
A. three regression lines

B. two regression lines

C. one regression line

D. infinite number of regression lines

Answer: B. two regression lines

50. Geometric mean of regression coefficients will be …………………………
A. coefficient of correlation

B. coefficient of determination

C. coefficient of variation

D. none of these

Answer: A. coefficient of correlation

51. In a regression line of Y on X, the variable X is known as …………………………….
A. explanatory variable

B. independent variable

C. regressor

D. all the above

Answer: D. all the above

52. The term regression was used firstly by ………………………..
A. prof. karl pearson

B. edward spearman

D. none of these

Answer: C. 0
53. If a constant 30 is subtracted from each of the value of X and Y , the regression coefficient is
……………………..
A. reduced by 30

B. increased by 30

C. not changed

D. 1/30th of the original regression

Answer: C. not changed
54. In …………………….regression, only one independent variable is used to explain the dependent
variable.
A. linear

B. multiple

C. scatter diagram

D. none of these

Answer: A. linear
55. Regression lines are also called …………………….
A. correlation graph

B. scatter diagram

C. scatter diagram

D. none of these

Answer: C. scatter diagram

56. If the correlation between the two variables , X and Y is negative, the regression coefficient of
Y on X is ………………………..
A. zero

B. positive

C. negative

D. not certain

Answer: C. negative
57. The arithmetic mean of bxy and byx is ……………………..
A. equal to one

B. greater than r

C. francis galton

D. none of these

Answer: B. greater than r
58. The regression coefficient and correlation coefficient of two variables will be the same, if their
……………….. are same.
A. standard deviation

B. arithmetic mean

C. mean deviation

D. none of these

Answer: A. standard deviation
59. If the sign of regression coefficient bxy is negative, then the sign of regression coefficient byx will
be ……………………
A. positive

B. negative

D. none of these

Answer: B. negative
60. The square root of coefficient of determination is ……………….
A. coefficient of correlation

B. coefficient of regression

C. coefficient of variation

D. none of these

Answer: A. coefficient of correlation

61. While analysing the relationship between variables, independent variable is also
called…………………………….
A. explained variable

B. explanatory variable

C. variable

D. none of these

Answer: B. explanatory variable
62. Dependent variable is also called ……………………….
A. explained variable

B. explanatory variable

C. 4.0

D. 0.4

Answer: A. explained variable
63. If one regression coefficient is positive, the other is …………………..
A. positive

B. negative

C. zero

D. 1

Answer: A. positive
64. The arithmetic mean of bxy and byx is ………………………..
A. equal to 1

B. equal to 0

C. greater than r

D. less than r

Answer: C. greater than r
65. ………………………… refers to the chance of happening or not happening of an event.
A. regression

B. probability

C. correlation

D. none of these

Answer: B. probability
66. The numerical value given to the likelyhood of the occurrence of an event is called…………….
A. correlation

B. regression

C. probability

D. none of these

Answer: C. probability

67. Sample point is also called …………………….
A. sample space

B. elementary outcome

C. probability

D. none of these

Answer: B. elementary outcome
68. The result of a random experiment is called ……………………………
A. sample space

B. event

C. probability

D. none of these

Answer: B. event
69. ………………………. has two or more outcomes which vary in an unpredictable manner from trial to trial
when conducted under uniform conditions.
A. experiment

B. random experiment

C. probability

D. none of these

Answer: B. random experiment
70. An event whose occurrence is inevitable is called ………………………………..
A. sure event

B. impossible event

C. uncertain event

D. none of these

Answer: A. sure event
71. An event whose occurrence is impossible, is called ………………….
A. sure event

B. impossible event

C. uncertain event

D. none of these

Answer: A. sure event
72. An event whose occurrence is neither sure nor impossible, is called ………………………
A. sure event

B. impossible event

C. uncertain event

D. none of these

Answer: C. uncertain event

73. A set of events are said to be …………………. , if the occurrence of one of them excludes the
possibility of the occurrence of the other.
A. mutually exclusive

B. not mutually exclusive

C. independent

D. none of them

Answer: A. mutually exclusive
74. ………………….. refers to the arrangement of objects in a definite order.
A. combination

B. permutation

C. independent

D. none of them

Answer: B. permutation
75. Selection of objects without considering their order is called ……………………………..
A. combination

B. permutation 94. 12c12 = …………….

C. independent

D. none of them

Answer: A. combination

76. Classical probability is also called …………………….
A. priori probability

B. mathematical probability

C. finite set

D. none of these

Answer: D. none of these
77. The relative frequency approach is also called …………………………..
A. empirical approach

B. statistical probability

C. apsteriori probability

D. all the above

Answer: D. all the above
78. When P(AUB) = P(A) + P(B), then A and B are ………………………..
A. dependent

B. independent

C. mutually exclusive

D. none of these

Answer: C. mutually exclusive
79. When two events cannot occur together is called ……………………
A. equally likely

B. mutually exclusive

C. random events

D. none of these

Answer: B. mutually exclusive
80. If two sets have no common element, they are called ………………..
A. subset

B. super set

C. disjoint set

D. equal set

Answer: C. disjoint set

81. Two events are said to be ………………… , if any one of them cannot be expected to occur in
preference to the other.
A. equally likely

B. mutually exclusive

C. dependent

D. none of them

Answer: A. equally likely
82. Two events are said to be independent if ……………………
A. there is no common point in between them

B. both the events have only one point

C. each outcome has equal chance of occurrence

D. one does not affect the occurrence of the other

Answer: D. one does not affect the occurrence of the other
83. Probability of an event lies between …………………………..
A. +1 and -1

B. 0 and 1

C. 0 and -1

D. 0 and infinite

Answer: B. 0 and 1
84. Probability of sample space of a random experiment is ……………………….
A. -1

B. 0

C. +1

D. between 0 and +1

Answer: C. +1
85. In tossing a coin , getting head and getting tail are ……………………………………..
A. mutually exclusive events

B. simple events

C. complementary events

D. all the above

Answer: A. mutually exclusive events

86. If two events, A and B are mutually exclusive, then P(AUB) = …………………….
A. p(a) + p(b)

B. p(a) + p(b) – p(a and b)

C. p(a) + p(b) + p(a and b)

D. none of these

Answer: A. p(a) + p(b)
87. If two events, A and B are not mutually exclusive, the P(AUB) = ………………
A. p(a) + p(b)

B. p(a) + p(b) – p(a and b)

C. p(a) + p(b) + p(a and b)

D. none of these

Answer: B. p(a) + p(b) – p(a and b)
88. An event consisting of those elements which are not in the given event is called………….
A. simple event

B. derived event

C. complementary event

D. none of these

Answer: C. complementary event
89. The definition of priori probability was originally given by ……………………….
A. de-moivre

B. laplace

C. pierre de fermat

D. james bernoulli

Answer: B. laplace
90. …………………… refers to the totality of all the elementary outcomes of a random experiment.
A. sample point

B. sample space

C. simple event

D. none of these

Answer: B. sample space
91. The sum of probabilities of all possible elementary outcomes of a random experiment is
always equal to ……………….
A. 0

B. 1

C. infinity

D. none of these

Answer: B. 1

92. Chance for an event may be expressed as ……………..
A. percentage

B. proportion

C. infinity

D. none of these

Answer: D. none of these
93. If it is known that an event A has occurred, the probability of an event B given A is called
……………………….
A. empirical probability

B. conditional probability

C. priori probability

D. posterior probability

Answer: B. conditional probability
94. The mean of a binomial distribution is ………………………
A. np

B. npq

C. square root of npq

D. none of these

Answer: A. np
95. Binomial distribution is a ………………………….. probability distribution
A. discrete

B. continuous

C. continuous distribution

D. none of these

Answer: A. discrete
96. Binomial distribution is originated by …………………………….
A. prof. karl pearson

B. simeon dennis poisson

C. james bernoulli

D. de-moivre

Answer: C. james bernoulli
97. When probability is revised on the basis of all the available information, it is called ………….
A. priori probability

B. posterior probability

C. continuous

D. none of these

Answer: B. posterior probability

98. Baye’s theorem is based upon inverse probability.
A. yes

B. no

C. probability

D. none of these

Answer: A. yes
99. Probability distribution is also called theoretical distribution.
A. yes

B. no

C. probability

D. none of these

Answer: A. yes
100. The height of persons in a country is a …………………….. random variable.
A. discrete

B. continuous

C. discrete as well as continuous

D. neither discrete nor continuous

Answer: B. continuous

101. Random variable is also called …………………………
A. stochastic variable

B. chance variable

C. both

D. none of these

Answer: C. both
102. If the random variable of a probability distribution assumes specific values only, then it is
called ………………………….
A. discrete probability distribution

B. continuous probability distribution

C. probability distribution

D. none of these

Answer: A. discrete probability distribution
103. npq is the variance of ………………………………
A. binomial distribution

B. poisson distribution

C. probability distribution

D. none of these

Answer: A. binomial distribution
104. For a binomial distribution with probability p of a success and of q of a failure, the relation
between mean and variance is ………………………..
A. mean is less than variance

B. mean is greater than variance

C. mean is equal to variance

D. mean is greater than or equal to variance

Answer: B. mean is greater than variance
105. In a binomial distribution, if n =8 and p = 1/3, then variance = ……………………
A. 8/3

B. 48/3

C. 64/3

D. 16/9

Answer: D. 16/9

106. In a ………………………… distribution, mean is equal to variance
A. binomial

B. poisson

C. normal

D. gamma

Answer: B. poisson
107. For a binomial distribution, the parameter n takes …………………. values
A. finite

B. infinite

C. continuous

D. none of these

Answer: A. finite
108. Poisson distribution is the limiting form of ………………………….
A. binomial distribution

B. normal distribution

C. poisson

D. none of these

Answer: A. binomial distribution
109. Poisson distribution is originated by ……………………..
A. de-moivre

B. bernoulli

C. poisson

D. none of these

Answer: C. poisson
110. In Poisson distribution, mean is denoted by ……………………
A. npq

B. np

C. m

D. e

Answer: C. m

111. Poisson distribution is a ……………………… distribution.
A. negatively skewed distribution

B. positively skewed distribution

C. symmetrical distribution

D. none of these

Answer: B. positively skewed distribution
112. In Poisson distribution, the value of ‘e’ = ……………………..
A. 2.178

B. 2.817

C. 2.718

D. 2.871

Answer: C. 2.718
113. Mean and variance of Poisson distribution is equal to ………………………….
A. m

B. e

C. np

D. npq

Answer: A. m
114. If two independent random variables follow binomial distribution, their sum follows…………..
A. binomial distribution

B. poisson distribution

C. normal distribution

D. none of these

Answer: A. binomial distribution
115. When X follows binomial distribution, P(X=0) is…………………….
A. 0

B. 1

C. qn

D. pn

Answer: C. qn
116. Normal distribution was first discovered by …………………………….. in 1733 as limiting form of
binomial distribution.
A. karl pearson

B. james bernoulli

C. de-moivre

D. simeon denis poisson

Answer: C. de-moivre

117. Normal distribution is a……………………… probability distribution.
A. discrete

B. continuous

C. poisson

D. none of these

Answer: B. continuous
118. ………………………distribution gives a normal bell shaped curve.
A. normal

B. poisson

C. binomial

D. none of these

Answer: A. normal
119. The normal curve is ……………………………
A. bi-model

B. uni-model

C. mean

D. none of these

Answer: B. uni-model
120. Normal distribution is ………………….
A. continuous

B. unimodal

C. normal

D. none of these

Answer: D. none of these
121. For a normal curve , the QD, MD, and SD are in the ratio of …………………………
A. 5:8:10

B. 10:12:15

C. 2:3:5

D. none of these

Answer: B. 10:12:15
122. An approximate relation between QD and SD of normal distribution is ……………
A. 2qd = 3sd

B. 5qd = 4sd

C. 4qd = 5sd

D. 3qd = 2sd

Answer: D. 3qd = 2sd

123. An approximate relation between MD about mean and SD of a normal distribution is
……………………….
A. 5md = 4 sd

B. 3md = 3 sd

C. 3md = 2 sd

D. 4md = 5 sd

Answer: A. 5md = 4 sd
124. The area under the standard normal curve beyond the line z = ±1.96 is ………………………….
A. 5%

B. 10%

C. 90%

D. 95%

Answer: A. 5%
125. Normal distribution is …………………………..
A. mesokurtic

B. leptokurtic

C. more than 0

D. in between +1 and -1

Answer: A. mesokurtic

126. Mean Deviation (M.D) for normal distribution is equal to ………………….
A. 5/4 s.d.

B. 3/2 s.d.

C. 4/5 s

Answer: C. 4/5 s
127. In a ……………………. distribution, quartiles are equi-distant from median.
A. binomial

B. poisson

C. normal

D. none of these

Answer: C. normal
128. A normal distribution requires two parameters, namely the mean and …………..
A. median

B. mode

C. standard deviation±

D. mean deviation

Answer: C. standard deviation±
129. A normal distribution is an approximation to …………………………
A. binomial distribution

B. poisson distribution

C. poisson

D. none of these

Answer: A. binomial distribution
130. Mean ± 2 S.D. covers ………….. % area of normal curve.
A. 68.27

B. 95.45

C. 95.54

D. 98.73

Answer: B. 95.45

131. Theoretically, the range of normal curve is …………………………………………
A. -1 to +1

B. +1 to infinity

C. –infinity to +infinity

D. none of these

Answer: C. –infinity to +infinity
132. Standard deviation of the sampling distribution is called ……………………….
A. probable error

B. standard error

C. mean deviation

D. coefficient of variation

Answer: B. standard error
133. Index numbers are
A. special type of average

B. measure the economic changes

C. to measure relative changes

D. all of these

Answer: D. all of these
134. The techniques which provide the decision maker a systematic and powerful means of
analysis to explore policies for achieving predetermined goals are called……………..
A. Mathematical techniques

B. Correlation technique

C. Quantitative techniques

D. . None of the above

Answer: C. Quantitative techniques
135. ……………………….. is the reverse process of differentiation
A. Differential equation

B. Integration

C. Determinant

D. None of these

Answer: B. Integration

136. ………………………….is an operation research technique which resembles a real life
situation.
A. Decision theory

B. Simulation

C. Game theory

D. Queuing theory

Answer: B. Simulation
137. C.P.M. stands for………………………………………………….
A. Critical Process Method

B. Critical Performance Measurement

C. Critical Path Method

D. Critical Programme Method

Answer: C. Critical Path Method
138. The word correlation usually implies………………………..
A. Cause and effect relationship

B. Mutual interdependence

C. Both

D. None of the above

Answer: C. Both
139. Correlation analysis is a ……………………….analysis.
A. Univariate analysis

B. Bivariate analysis

C. Multivariate analysis

D. Both b and c

Answer: D. Both b and c
140. When the values of two variables move in the same direction, correlation is said to be
……….
A. Positive

B. Negative

C. Linear

D. Non-linear

Answer: A. Positive
141. When the values of two variables move in the opposite direction, correlation is said to be
……………………
A. Positive

B. Negative

C. Linear

D. Non-linear

Answer: B. Negative

142. A _________ is a decision support tool that uses a tree-like graph or model of decisions
and their possible consequences, including chance event outcomes, resource costs, and utility.
A. Decision tree

B. Graphs

C. Trees

D. Neural Networks

Answer: A. Decision tree
143. What is Decision Tree?
A. Flow-Chart

B. Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label

C. Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label

D. None of the mentioned

Answer: C. Flow-Chart & Structure in which internal node represents test on an attribute, each branch represents outcome of test and each leaf node represents class label
144. Choose from the following that are Decision Tree nodes?
A. Decision Nodes

B. End Nodes

C. Chance Nodes

D. All of the above

Answer: D. All of the above
145. Decision Nodes are represented by ——
A. Disks

B. Squares

C. Circles

D. Triangles

Answer: B. Squares
146. Chance Nodes are represented by __________
A. Disks

B. Squares

C. Circles

D. Triangles

Answer: C. Circles
147. Which of the following are the advantage/s of Decision Trees?
A. Possible Scenarios can be added

B. Use a white box model, If given result is provided by a model

C. Worst, best and expected values can be determined for different scenarios

D. All of the above

Answer: D. All of the above

148. —– are the whose values are to be determined from the solution of the LPP
A. Objective function

B. Decision variables

C. Constrains

D. Opportunity cost

Answer: B. Decision variables
149. ———— specifies the objective or goal of solving the LPP
A. Objective function

B. Decision variables

C. Constraints

D. Opportunity cost

Answer: A. Objective function

150. Objective function is expressed in terms of the ————–
A. Numbers

B. Symbols

C. Decision variables

D. None of the above

Answer: C. Decision variables

151. ———- are the restrictions or limitations imposed on the LPP
A. Variables

B. Cost

C. Profit

D. Constraints

Answer: D. Constraints

152. Region of feasible solution in LPP graphical method is called
A. Infeasible region

B. Unbounded region

C. Infinite region

D. Feasible region

Answer: D. Feasible region

153. When it is not possible to find solution in LPP, it is called as case of ———
A. Unknown solution

B. Unbounded solution

C. Infeasible solution

D. Improper solution

Answer: C. Infeasible solution

154. When the feasible region is such that the value of objective function can extended to infinity, it is called a case of ————
A. Infeasible region

B. Alternate optimal

C. Unbounded solution

D. Unique solution

Answer: C. Unbounded solution

155. When the constraints are a mix of ‘less than’ and ‘greater than’ it is called a problem having
A. Multiple constraints

B. Infinite constraints

C. Infeasible region

D. Mixed constraints

Answer: D. Mixed constraints

156. In linear programming, unbounded solution means ————–
A. Infeasible region

B. Degenerate solution

C. Infinite solution

D. Unique solution

Answer: C. Infinite solution

Quantitative Techniques for Business Objective Questions with Answers Pdf Download Online Exam Test