100+ Free ICAP PRC-2 Quantitative Analysis for Business Practice Questions

Prepare for the ICAP PRC-2 (PRC-02) Quantitative Analysis for Business — Pre-Requisite Competencies, Pakistan exam with instant access — no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

N/A Pass Rate

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More ICAP PRC Foundation Modules (Pakistan)

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

ICAP PRC-1 Fundamentals of Accounting, Pakistan

Practice Questions100 questions

ICAP PRC-3 Business and Economic Insights, Pakistan

Practice Questions100 questions

2026 Statistics

Key Facts: ICAP PRC-2 Quantitative Analysis for Business Exam

PRC-02

Education Scheme 2025 paper code for Quantitative Analysis for Business

https://student.icap.org.pk/viewfile?add=students%2Fscheme2025%2Fprc%2F&file=PRC-Syllabus.pdf

20–30%

Syllabus weight for Basic Mathematics

https://student.icap.org.pk/viewfile?add=students%2Fscheme2025%2Fprc%2F&file=PRC-Syllabus.pdf

30–40%

Syllabus weight for Application of Statistics in Business

https://student.icap.org.pk/viewfile?add=students%2Fscheme2025%2Fprc%2F&file=PRC-Syllabus.pdf

~2 hours

Typical CBT duration per PRC paper

ICAP PRC assessment practice / candidate guides

50%

Typical per-subject pass mark for PRC

ICAP Education Scheme 2025 FAQs (PRC passing criteria)

PKR 6,100

PRC examination fee per paper (July 2026 fee table)

https://icap.org.pk/students/fees-and-forms/fees

ICAP PRC-2 Quantitative Analysis for Business is a computer-based foundation paper for CA Pakistan candidates. Education Scheme 2025 weights Basic Mathematics 20–30%, Financial Mathematics 20–30%, Application of Statistics in Business 30–40%, and Probability and Expected Values 10–20%. Assessments are CBT (about 2 hours), with a typical 50% pass mark per subject; the PRC exam fee is PKR 6,100 per paper on ICAP’s July 2026 fee table.

Sample ICAP PRC-2 Quantitative Analysis for Business Practice Questions

Try these sample questions to test your ICAP PRC-2 Quantitative Analysis for Business exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Solve the simultaneous equations: 2x + y = 10 and x + y = 6. The values of x and y are:

A.x = 4, y = 2

B.x = 2, y = 4

C.x = 3, y = 3

D.x = 5, y = 1

Explanation: Subtract the second equation from the first: (2x + y) − (x + y) = 10 − 6, so x = 4. Substitute into x + y = 6: 4 + y = 6, hence y = 2.

2The quadratic equation x² − 5x + 6 = 0 has roots:

A.x = 1 and x = 6

B.x = 2 and x = 3

C.x = −2 and x = −3

D.x = 5 and x = 1

Explanation: Factor as (x − 2)(x − 3) = 0, so x = 2 or x = 3. Check: 2 + 3 = 5 (sum of roots) and 2 × 3 = 6 (product), matching −b/a and c/a.

3A straight line passes through points (0, 4) and (2, 10). The slope of the line is:

A.2

B.3

C.4

D.6

Explanation: Slope m = (y₂ − y₁)/(x₂ − x₁) = (10 − 4)/(2 − 0) = 6/2 = 3. The intercept form is y = 3x + 4.

4A firm has fixed costs of Rs 10,000. Selling price per unit is Rs 50 and variable cost per unit is Rs 30. Break-even output in units is:

A.200

B.333

C.500

D.1,000

Explanation: Contribution per unit = 50 − 30 = 20. Break-even units = Fixed costs ÷ Contribution = 10,000 ÷ 20 = 500 units.

5Selling price is Rs 80 and variable cost is Rs 45 per unit. Contribution per unit is:

A.Rs 35

B.Rs 45

C.Rs 80

D.Rs 125

Explanation: Contribution = Selling price − Variable cost = 80 − 45 = Rs 35. It is the amount available to cover fixed costs and profit.

6In the short run, a profit-maximising firm produces at the output level where:

A.Average cost equals average revenue

B.Marginal revenue equals marginal cost

C.Total cost is minimised

D.Fixed cost equals variable cost

Explanation: Profit is maximised where MR = MC (provided MC is rising). Producing more would add cost faster than revenue; producing less forgoes contribution.

7An arithmetic progression has first term a = 3 and common difference d = 4. The 10th term is:

A.35

B.39

C.43

D.40

Explanation: The nth term of an AP is a + (n − 1)d. So T₁₀ = 3 + 9 × 4 = 3 + 36 = 39.

8A geometric progression has first term a = 2 and common ratio r = 3. The 5th term is:

A.54

B.162

C.243

D.486

Explanation: The nth term of a GP is a × r^(n−1). T₅ = 2 × 3⁴ = 2 × 81 = 162.

9The sum of the first 8 terms of an AP with a = 5 and d = 3 is:

A.92

B.124

C.140

D.152

Explanation: Sₙ = n/2 × [2a + (n − 1)d] = 8/2 × [2(5) + 7(3)] = 4 × (10 + 21) = 4 × 31 = 124.

10Fixed costs are Rs 40,000 and contribution per unit is Rs 25. To earn a target profit of Rs 10,000, units required are:

A.1,200

B.1,600

C.2,000

D.2,400

Explanation: Required units = (Fixed costs + Target profit) ÷ Contribution = (40,000 + 10,000) ÷ 25 = 50,000 ÷ 25 = 2,000 units.

About the ICAP PRC-2 Quantitative Analysis for Business Exam

Free practice questions for ICAP PRC-2 Quantitative Analysis for Business (Education Scheme 2025 PRC-02; formerly PRC-2 Quantitative Methods). Covers basic mathematics and break-even/LP, financial mathematics (interest, NPV, IRR), business statistics and index numbers, and probability with expected values.

Assessment

Question count not published by the exam provider

Time Limit

Approximately 2 hours per PRC paper (CBT)

Passing Score

Typically 50% per subject (aggregate rules apply across PRC)

Exam Fee

PKR 6,100 per PRC paper (W.E.F. July 01, 2026 / Autumn 2026 fee table) (Institute of Chartered Accountants of Pakistan (ICAP))

ICAP PRC-2 Quantitative Analysis for Business Exam Content Outline

25%

Basic Mathematics

Solve simultaneous and quadratic equations; interpret linear graphs; apply contribution and break-even; use marginal analysis; apply arithmetic/geometric progression; formulate and graphically solve linear programming problems.

25%

Financial Mathematics

Apply simple and compound interest; discount single sums, annuities and perpetuities; interpret investment appraisal; calculate payback, NPV and IRR.

35%

Application of Statistics in Business

Describe data types and presentation; compute central tendency and dispersion; calculate and interpret index numbers and real wages; use scatter diagrams, regression and correlation for forecasting.

15%

Probability and Expected Values

Apply counting rules and probability laws; use binomial, hypergeometric, Poisson and normal distributions; compute expected values for business decisions.

How to Pass the ICAP PRC-2 Quantitative Analysis for Business Exam

What You Need to Know

Passing score: Typically 50% per subject (aggregate rules apply across PRC)
Assessment: Question count not published by the exam provider
Time limit: Approximately 2 hours per PRC paper (CBT)
Exam fee: PKR 6,100 per PRC paper (W.E.F. July 01, 2026 / Autumn 2026 fee table)

Keys to Passing

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

ICAP PRC-2 Quantitative Analysis for Business Study Tips from Top Performers

1Drill contribution, break-even and marginal analysis with tidy algebraic working before looking at options.

2Memorise the relationships among simple/compound interest, PV/FV, annuity and perpetuity formulas.

3Practise NPV and IRR with uneven cash flows; know when payback and NPV disagree.

4Build speed on mean, median, mode, variance/SD, and index-number constructions (Laspeyre/Paasche/Fisher).

5For probability, separate mutually exclusive vs independent events before multiplying or adding.

6Use timed objective mocks; official CBT mixes MCQs with structured numeric responses on quantitative papers.

Frequently Asked Questions

What is ICAP PRC-2 Quantitative Analysis for Business?

Under Education Scheme 2025 it is PRC-02, the quantitative foundation paper in Pre-Requisite Competencies. It maps from Education Scheme 2021 PRC-2 Quantitative Methods and tests basic maths, financial maths, business statistics, and probability.

How long is the PRC-2 assessment?

PRC papers are computer-based and commonly about 2 hours each. Confirm the exact sitting instructions on your ICAP admit card/assessment notice.

What is the pass mark for ICAP PRC papers?

Candidates typically need at least 50% in each PRC subject, with aggregate requirements across PRC as set by ICAP.

How much is the PRC exam fee?

ICAP’s student fee page (W.E.F. July 01, 2026 / Autumn 2026) lists PKR 6,100 per PRC paper. Enrollment and annual subscription are separate.

What topics does PRC-2 cover?

Official Scheme 2025 grid: Basic Mathematics (20–30%), Financial Mathematics (20–30%), Application of Statistics in Business (30–40%), and Probability and Expected Values (10–20%).