Name:

Time: 30 minutes
Closed Book Exam

Roll No:
Section: _______
Indian Institute of Management, Lucknow
Post Graduate Programme in Management
Information Technology Concepts
Quiz 1
PGP-1, Term-1
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 12-092013 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.
b.
c.
d.
e.
f.

Select column G Right click

Click on cell formatting
Click on protection tab
Click ok
Click on review and protect sheet
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)
Formula

Value

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)
Formula

Value

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

Value

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

Value

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

Value

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

Value

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
(1)

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

a. Structured data
b. Semi structured data
e.

c. Unstructured data
d. Continuous data