All tests/exam were MC only, and they were both math and theory--a pretty good mix, I'd say.
The exam was ridiculous. After the prof told someone the wrong thing to do, I pretty much gave up. A lot of the questions were nothing like we'd ever seen before. Some questions required intermediate formulas (like, ones that you come up with when deriving one equation from another), so you couldnt even get away with just memorizing a ton of formulas. I really can't remember specifics, it's been a while and I went out drinking right after (it was a Saturday night 7-10pm exam) because, among other things, I wanted to erase the exam from my memory.
Again, this is just because the prof who taught the course the year before us made really hard tests...I assume he actually understood the material and thus was able to teach it better than the guy we had. Your prof might not put any emphasis on deriving equations or anything, he might even decide to give you guys a formula sheet! So I wouldn't worry too much about it right now. Just be glad you won't have our prof