Name: Roll No: Section: _______ Indian Institute of Management, Lucknow Post Graduate Programme in Management

Information Technology Concepts Quiz 1

Time: 30 minutes PGP-1, Term-1 Closed Book Exam Marks: 20 Instructions:

(a). Unzip / Unrar the ITC_Quiz-1_2013.rar file, with the password (b). All Questions are compulsory. Marks of each questions are indicated at the right hand side in brackets.

You are working as a bank manager at ABC Bank Pvt Ltd. Mr Krishn has approached to your bank to borrow home loan of $ 12,00,000. Bank is currently offering home loan at fixed 10% p.a. Mr Krishna will be repaying the loan in 20 years by paying an equal monthly instalments. The starting date of loan is 1st Aug 2013 and the first instalment payment will be done on 12th August 2013.

Mr Krishna has requested you to prepare loan amortization table in column E to I of the spreadsheet. Mr Krishna would be making all his instalment payment on 12th of the month.

Q1 You are preparing the excel sheet for Mr Krishna. In Column E you want to fill the number of instalments from 1 to 240. For this you would like to carry out following steps.

a. Type 1 in Cell E2. Press enter. b. Keeping E2 as active Click on fill button in ribbon under home tab and click series. c. A window opens

Now complete the choices to be filled in above window before clicking OK button. Indicate the chocies in space provided below.

Series in ___________________

Type_______________________

Step Value_______________ Stop Value__________________ (2)

In Column F generate the payment dates. For this type, 12-08-2013 in cell f2 and 12-09-2013 in cell F3. Select Both the cells simultaneously and double click at the lower right corner of cell F3.

Q2. In cell B6 write the formula to calculate the monthly loan payment instalment. Use PMT function of excel to get the monthly instalment amount. Write the formula in space provided below to get the EMI amount in positive. Also write the value of EMI amount. (2)

Formula Value Q3. Type the formula in cell H2 to calculate the monthly interest. The formula would be =(1200000*0.1*1)/12 Write in the space provided below for cell G2 to calculate the principal paid during the first instalment of loan payment. Remember you need to drag and drop this formula in column G to populate the principal column. Do not name the cell. Do write the value of cell G2. (2)

Formula Value Q4. Mr Krishna wanted that the formula written in column G should not be visible but the formula written at other parts should be visible. For this he carried out following steps.

a. Select column G Right click b. Click on cell formatting c. Click on protection tab d. Click ok e. Click on review and protect sheet f. Clicked on Ok

After carrying out above steps the formulas are still visible. Identify the mistakes which you might have done and write in the space provided below. (1)

Q5 In column J write a formula to extract the day of the payment date. Write the formula for the same. Write a formula below to extract the information that how many payments were made on Tuesday or Thursday. (2)

Q6. Write a formula in cell A11 using column C and row 250 to calculate total number of cells in a excel sheet. Assume column C and row 250 are completely empty. (2)

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Q7 Write a formula to generate a random number between 25 and 26 (25 and 26 are not included) (1)

Q8 Write a Lookup (not the vlookup) formula to extract the interest paid at 43rd instalment of loan payment. Name all the columns. (2)

Q9 Write a vlookup function to extract the balance amount after 100th Instalment. (2)

Q10. In column J2 extract the first four characters of month of first instalment. Write the formula for the same. (2)

Q11 Which of the following is not the characteristics of an intelligent system. (Tick the correct one) (1)

a. Insight Creation b. Presentation

c. Data Integration d. Data virtualization

Q12. Image data is an example of (Tick the correct one) (1)

a. Structured data b. Semi structured data

c. Unstructured data d. Continuous data

e.

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