CUET-PG SERIES Mathematics
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1 previous year questions.
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2023 Chapter Questions 1 MCQs
01
PYQ 2023
medium
mathematics ID: cuet-pg-
Given below are two statements:
Statement I: Relation between the nominal rate and effective rate : ref= (1 + 2) * r k +1, where ref = effective rate of interest r = nominal rate of interest k = numbers of conversion periods per year
Statement II: The nominal interest rate is also known as force of interest.
In the light of the above statements, choose the correct answer from the options given below
Statement I: Relation between the nominal rate and effective rate : ref= (1 + 2) * r k +1, where ref = effective rate of interest r = nominal rate of interest k = numbers of conversion periods per year
Statement II: The nominal interest rate is also known as force of interest.
In the light of the above statements, choose the correct answer from the options given below
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true