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FIA Assistant Director Paper 2004

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Insurance/Percentage

easy2004FIA Assistant Director Paper 2004
MathematicsFIA

The price of a car is Rs. 3,25,000. It was insured for 85% of its price. The car was completely damaged in an accident, and the insurance company paid 90% of the insured amount. What was the difference between the price of the car and the amount received?

A
Rs. 60,000
B
Rs. 49,000
C
Rs. 76,375
D
Rs. 82,250
Explanation and memory cue

The car's price is Rs. 3,25,000. It was insured for 85% of its price, which is Rs. 2,76,250. The insurance company paid 90% of the insured amount, which is Rs. 2,48,625. The difference between the car's price and the amount received is Rs. 3,25,000 - Rs. 2,48,625 = Rs. 76,375. This matches option C, so the correct answer is C.

72

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Percentage

easy2004FIA Assistant Director Paper 2004
MathematicsFIA

Ali sold a table for Rs 800 which he bought for Rs 1000. What is his percentage loss?

A
20%
B
60%
C
14%
D
17%
Explanation and memory cue

Ali bought the table for Rs 1000 and sold it for Rs 800, so the loss is Rs 200. The percentage loss is (Loss / Cost Price) × 100 = (200 / 1000) × 100 = 20%.

73

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Prepositions

easy2004FIA Assistant Director Paper 2004
EnglishFIA

A large number of colleges are affiliated ----------- the Punjab University.

A
with
B
by
C
from
D
to
Explanation and memory cue

The correct preposition to use with 'affiliated' in this context is 'with'. The phrase 'affiliated with' means officially connected or associated with, which fits the sentence meaning.

74

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Cotton

medium2004FIA Assistant Director Paper 2004
Pakistan StudiesFIA

Among the world's largest cotton-growing countries, Pakistan stands at what number?

A
Three
B
Four
C
Five
D
Six
Explanation and memory cue

Pakistan is generally ranked as the third largest cotton-growing country in the world, after China and India. Therefore, option A (Three) is correct.

75

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Modals

easy2004FIA Assistant Director Paper 2004
EnglishFIA

They agreed that the election ------------- be held at an early date.

A
Should
B
Would
C
Shall
D
Could
Explanation and memory cue

The modal verb 'would' is appropriate here because it expresses a future action that was agreed upon by the parties. In the sentence 'They agreed that the election ------------- be held at an early date,' 'would' conveys the idea of a future event decided in the past. While 'should' can sometimes be used to express expectation or obligation, it is less suitable for indicating a future event agreed upon. 'Shall' is more formal and less common in this context, and 'could' implies possibility rather than certainty. Therefore, 'would' fits best to express the agreed future event.

76

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Prepositions

easy2004FIA Assistant Director Paper 2004
EnglishFIA

The courageous man never disappears from success.

A
about
B
of
C
over
D
from
Explanation and memory cue

The verb 'disappear' is commonly followed by the preposition 'from' to indicate the place or state from which something ceases to be visible or present. In the phrase 'The courageous man never disappears from success,' the preposition 'from' correctly conveys that the man does not vanish or fade away due to success. Other prepositions like 'about,' 'of,' or 'over' do not fit idiomatically in this context.

77

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Inventors

easy2004FIA Assistant Director Paper 2004
General KnowledgeFIA

Which scientist invented the mercury thermometer?

A
Gabriel Farhrenhiet
B
Henry Bessemer
C
Robert Falton
D
None of these
Explanation and memory cue

The mercury thermometer was invented by Daniel Gabriel Fahrenheit, not Gabriel Farhrenhiet. The correct answer is 'None of these' since the provided options are incorrect or misspelled.

78

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Bills/Discount

medium2004FIA Assistant Director Paper 2004
MathematicsFIA

The true discount on a bill of Rs. 540 is Rs. 90. The banker's discount is:

A
Rs. 72
B
Rs. 108
C
Rs. 125
D
Rs. 150
Explanation and memory cue

The banker's discount (BD) is calculated using the formula BD = True Discount (TD) × (Face Value / (Face Value - TD)). Here, TD = 90 and Face Value = 540. So, BD = 90 × (540 / (540 - 90)) = 90 × (540 / 450) = 90 × 1.2 = 108. Hence, option B is correct.

79

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Inventors

easy2004FIA Assistant Director Paper 2004
General KnowledgeFIA

Who invented the electric fan?

A
William Thomas
B
Wheeler
C
Jules Verne
D
Elias Howe
Explanation and memory cue

The electric fan was invented by Schuyler Skaats Wheeler in 1882. He created a fan powered by electricity by placing a two-bladed propeller on the shaft of an electric motor. This invention was commercially marketed by the Crocker & Curtis electric motor company. The other options (William Thomas, Jules Verne, Elias Howe) are not associated with the invention of the electric fan. Therefore, the correct answer is B, Wheeler.

80

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Percentage

easy2004FIA Assistant Director Paper 2004
MathematicsFIA

A's income is 25% more than B's income. What is B's income in terms of A's income?

A
75%
B
80%
C
90%
D
96%
Explanation and memory cue

If A's income is 25% more than B's income, then A = 1.25 × B. To express B's income in terms of A's income, rearrange the equation: B = A ÷ 1.25 = 0.8 × A. This means B's income is 80% of A's income. Therefore, the correct answer is option B (80%).