a. To develop an understanding of the basic mathematical and statistical tools and apply the same in business, finance, and economic situations.
b. To develop logical reasoning skills.
Contents
The whole syllabus of Quantitative Aptitude shall be divided into three broad areas:
* Business Mathematics
* Logical Reasoning
* Statistics
PART A: BUSINESS MATHEMATICS (40 MARKS)
1. Ratio and proportion, Indices and Logarithms: Ratio and proportion and Time and work-related problems, Laws of Indices, Exponents and Logarithms and Anti-Logarithms.
2. Equations: Equations: Linear Simultaneous linear equations up to three variables; Quadratic and Cubic equations in one variable. Applications in business-related problems.
3. Linear Inequalities: Linear Inequalities in one and two variables and the solution space.
4 Mathematics of Finance:
*Simple Interest
*Compound interest
*Nominal and Effective Rate of Interest
*Present Value
*Net Present Value
*Future Value
*Perpetuity
*Annuities
* Sinking Funds
*Calculating the EMI
*Calculations of Returns: Nominal and Effective Rate of Return
