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

ICAP PRC-2 (PRC-02) Quantitative Analysis for Business — Pre-Requisite Competencies, Pakistan practice questions are available now; exam metadata is being verified.

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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 Practice Questions

Verified exam format metadata for ICAP PRC-2 (PRC-02) Quantitative Analysis for Business — Pre-Requisite Competencies, Pakistan is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.