1. Mark borrowed money from his friend John.

He received from John P1,842 and promises to

repay P2,000 at the end of 10 months. Determine the simple interest.
A. 8.22%
B. 9.01%
C. 10.29% *
D. 11.86%
2. Mon borrowed from John an amount of P2000 for 105 days at 12% per annum simple interest.
How much will be due at the end of 105 days?
A. P2,070 *
B. P2,170
C. P2,270
D. P2,370
3. An amount of P20,000.00 was deposited in a bank earning an interest of 6.5% per annum.
Determine the total amount at the end of 7 years if the principal and interest were not
withdrawn during this period.
A. P24,500
B. P31,080 *
C. P40,190
D. P45,420
4. How many years will it take the money to quadruple if it earns 10% compounded semi-annually?
A. 12
B. 13
C. 14
D. 15 *
5. Jessie borrowed P50,000.00 from the bank at 25% compounded semi-annually. Compute for the
equivalent effective rate of interest?
A. 25.12 %
B. 25.82 %
C. 26.56 % *
D. 26.92 %
6. What nominal rate, compounded semi-annually yields the same amount as 25% compounded
quarterly?
A. 25.78% *
B. 27.85%
C. 24.71%

D. 27.14%
7. The purchaser of a high-tech oscilloscope from PUP-ECE department paid P10,000 cash and
agreed to pay P3,000 at the end of 6 months for 10 years . He failed to make the first 5
payments of P3,000 each. At the end of three years he desires to pay the oscilloscope by a single
payment which will cancel both his accumulated liabilities and his future liabilities. How much
must he pay if money is worth 6% per annum compounded semi-annually?
A. P19,405.00
B. P33,888.00
C. P53,293.00 *
D. P72,698.00
8. A wise ECE student deposits P1,500.00 in a 9% account today. He intends to deposit another
P3,000.00 at the end of two years. He plans to purchase in five years his favorite shoes worth
P5,000.00. Calculate the money that will be left in his account one year after the purchase.
A. P1,280
B. P1,250
C. P1,300 *
D. P1,260
9. You need a P40,000 per year for four years to go to college. Your wealthy father invested
P50,000 in a 7% account for your education when you were born. If you withdraw the P40,000
at the end of your 17th, 18th, 19th ,and 20th years, how much money will be left in the account at
the end of your 21st year?
A. P16,000
B. P17,000*
C. P18,000
D. P19,000
10. The present value of an annuity of R pesos payable annually for 10 years, with the first payment
at the end of 10 years is P100,701.30. If money is worth 8%, what is the value of R?
A. 15,000
B. P25,000
C. P20,000
D. P30,000 *
11. Mark wishes his son Peter to receive P50,000.00 ten years from now. What amount should he
invest now if it will earn interest of 12% compounded annually during the first 5 years and 15%
compounded quarterly during the next 5 years?
A. P135,868.19 *
B. P134,678.90
C. P123,433.23

D. P145,345.34
12. How much money must you deposit today to an account earning 12% so that you can withdraw
P25,000 yearly indefinitely starting at the end of the 10th year?
A. P125,000
B. P89,456
C. P73,765
D. P75,127 *
13. Mr. Miranda bought an equipment t which cost P524,000.00. Freight and installation expenses
cost him P31,000.00. If the life of the equipment is 15 years with an estimated salvage value of
P120,000.00, find its book value after 8 years.
A. P323, 000.00 *
B. P305, 000.00
C. P255, 000.00
D. P222, 000.00
14. Mr. John purchased an asset for P9,000.00. Its estimated economic life is 10 years after which it
will be sold for only P1,000.00. Find the depreciation in the first three years using SLM.
A. P400
B. P800
C. P1200
D. P2400 *
15. PUP College of Engineering purchased an equipment for P53,000.00 and paid P1,500 for freight
and delivery charges to the job site. The said equipment has a normal life of 10 years with a
trade-on value of P5,000.00 against the purchase of new equipment at the end of the life. Using
Sinking-Fund Method, determine the annual depreciation.
A. P3,755 *
B. P4,202
C. P4,667
D. P5,025
16. An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000
at the end of the period. Compute its book value after 10 years using sinking fund method
assuming i=8%.
A. P103,442.25
B. P132,622.60 *
C. P148,882.88
D. P150,050.20

17. An equipment costing P250,000 has an estimated life of 15 years with a book value of P30,000
at the end of the period. Compute the depreciation charge after 10 years using SOYDM.
A. P10,000
B. P10,500
C. P11,000 *
D. P11,500
18. MIRANDA Corporation purchased an asset worth P9,000.00. Mr. Miranda knew that its
estimated life is 10 years, after which it will be sold for P1,000.00. Find the book value during
the third year if sum-of-the-years digit depreciation is used.
A. P6,000
B. P5,000 *
C. P4,000
D. P3,000
19. An engineering truck originally cost P56,000.00. Its resale value at the end of the 5th year useful
life is estimated at P15,000.00. By means of DBM, determine the book value after the 1st year.
A. P54,292
B. P48,124
C. P43,008 *
D. P37,667
20. RJ wishes to have P40,000.00 at the end of 8 years. How much should he invest in a certain fund
that will pay 6% compounded continuously?
A. P27,857.34
B. P24,751.34 *
C. P24,000.45
D. P25,770.00
21. Determine the capitalized cost of an equipment costing 2M with an annual maintenance of
P200,000.00 if money is worth 20% per annum.
A. P2.50 M
B. P2.75 M
C. P3.00 M *
D. P3.50 M
22. Two discounts of 15% and 5% are equivalent to what single discount?
A. 10.00%
B. 12.45%
C. 19.25% *
D. 40.00%

23. Fortune MOTORS has a production capacity of 200 motors a month. The variable costs are
P150.00 per motor. The average selling price of the product is P275.00. Fixed costs of the
company amount to P20,000.00 per month which includes taxes. The number of motors that
must be sold each month to avoid takins a loss is closest to:
A. 60
B. 80
C. 120
D. 160 *
24. Find the rate of interest equivalent to 12.5% rate of discount.
A. 14.29% *
B. 19.24%
C. 18.82 %
D. 12.28 %
25. At 6%, find the capitalized cost of PUP-CEA building whose cost is P200M and life is 20 years, if
the building must be partially rebuilt at a cost of P100M at the end of each 20 years.
A. P245.3M *
B. P254.3M
C. P435.2M
D. P453.2M

26. It is the worth of the property as recorded in the book of an enterprise

A. Salvage value
B. Price value
C. Book value *
D. Scrap value
27. An economic condition in which there are so few suppliers of a particular product that one
suppliers actions significantly affect prices and supply
A. Oligopoly *
B. Monopsony
C. Monopoly
D. Perfect Competition
28. It is the amount a willing buyer will pay to a willing seller for the property where each has equal
advantage and is under n compulsion to buy or sell
A. Book Value
B. Market Value *
C. Used Value

D. Fair Value
29. A formal organization of producers within industry forming a perfect collusion purposely formed
to increase profit and block new comers from the industry
A. Cartel *
B. Monopoly
C. Corporation
D. Cooperative
30. Reduction in the level of national income and output usually accompanied by a fall in the
general price level
A. Deflation *
B. inflation
C. Devaluation
D. depreciation
31. The right and privilege granted to an individual or corporation to do business in a certain region
A. permit
B. royalty
C. license
D. franchise *
32. Grand total of the assets and operational capability of a corporation
A. Authorized capital *
B. Paid-Off Capital
C. Subscribed capital
D. Investment
33. What is the ratio of the annual net profit to the amount of capital invested?
A. rate of return *
B. gross income
C. working capital
D. net income
34. It represents the ownership, and enjoys certain preference than ordinary stock
A. incorporators stock
B. preferred stock *
C. authorized stock
D. common stock
35. The amount received from the sale of an additional unit of a product
A. Book Value

B. Marginal Revenue *
C. Extra Profit
D. Prime Cost
36. What term is used to describe payment to an employee for time spent on company property,
though not actually working at a job?
A. Lost time pay
B. Downtime pay *
C. Wasted time pay
D. Idle Time pay
37. In the typical functional organization hierarchy, the chief engineer is under the ___
A. Finance Manager
B. Manufacturing Manager
C. General Manager *
D. Marketing Manager
38. A committee created for a short-term purpose and have a limited life.
A. Ad hoc committee *
B. Standing committee
C. Sinking committee
D. Midget committee
39. Refers to a managers right to tell subordinates what to do and then see that they do it.
A. Line Authority *
B. Staff Authority
C. Functional Authority
D. Head Authority
40. A permanent committee that deals with issues on an ongoing basis.
A. Ad hoc committee
B. Standing committee *
C. Sinking committee
D. Midget committee
41. Ground resistance shall be tested when installed and periodically afterwards, at least _____
during the dry or non-rainy months and ALL VALUES OBTAINED SHALL BE NO GREATERT THAN
RULE REQUIRED.
A.3 times per year
B. Twice a year
C. Once a year *
D. 12 times a year

42. This loading shall be taken as the resultant stress due to wind and dead weight for 200 kph wind
velocity.
A. Heavy Loading Zone
B. Medium Loading Zone *
C. Light Loading Zone
D. Extra Heavy Loading Zone
43. Batteries should be located where temperature range between ________ degrees Celcius.
A. 12.5 and 25.2
B. 15.5 and 32.2 *
C. 15.2 and 52.2
D. 55.5 and 60.3
44. What is the average resistance for a person having a wet or damaged skin?
A. 100 ohms
B. 1500 ohms *
C. 100 kohms
D. 1 Mohms
45. According to PEC, what are the values of voltage classified as hazardous?
A. 45Vrms AC or 135 V DC *
B. 30Vrms AC or 100 V DV
C. 60Vrms AC or 120 V DC
D. 100Vrms AC or 50V DC
46. The nature and scope of practice of Electronics Engineering and Electronics Technician
Professions are stated in what section of RA 9292
A. 5 *
B. 27
C. 13
D. 15
47. VENTRICULAR FIBRILATION is likely to occur when a 60Hz RMS current of _____ and above
passes through ones CHEST CAVITY.
A. 0.001 A
B. 0.010 A
C. 0.018 A
D. 0.030 A *
48. There are __________ Articles and __________ sections in the RA 9292.
A. 8, 42
C. 7, 43

B. 8, 43 *

D. 7, 42

49. All successful examinees and all those who have qualified for registration without examination
shall be required to take a professional oath as a prerequisite to practicing as a PECE, ECE, or
ECT.
A.section 5
B. section 15
C. section 22 *
D. section 31
50. The horizontal displacement of a point on the tower axis from its no-wind load position at that
elevation.
A. Tower displacement *
B. Tower sway
C. Tower twist
D. Tower bend