Python MCQ Set 1 1. What is the output of the following? print('{0:.2}’.format(1/3)) a) 0.333333 b) 0.33 c) 0.333333:.2 d) Error AnswerAnswer: b [Reason:] .2 specifies the precision. 2. What is the output of the following? print('{0:.2%}’.format(1/3)) a) 0.33 b) 0.33% c) 33.33% d) 33% AnswerAnswer: c [Reason:] The symbol % is used to represent…