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Important questions about Accounting And Finance. Accounting And Finance MCQ questions with answers. Accounting And Finance exam questions and answers for students and interviews.

3. Which of these is an example of eminent domain?


A : a corporator forces public for sell their lands to him

B : a state forces people to sell their fields for building highway

C : Both A & B

D : None of the above

4. A debit signifies a decrease in


A : revenues

B : liability

C : owner's equity

D : All of the above

8. 'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?


A : Nil Accounting Variation

B : New Asset Venture

C : Net Accounting Venture

D : Net Asset Value

9. Goods that are excludable include both


A : public goods and common resources

B : common resources and private goods

C : natural monopolies and public goods

D : private goods and natural monopolies

1. Managerial accounting information is generally prepared for


A : creditors

B : regulatory agencies

C : shareholders

D : managers

7. Bad loans in banking terminology are generally known as


A : NPA's

B : Prime loans

C : BPO's

D : Prime Assets

9. All of these are exemptions from local real property taxes EXCEPT :


A : Low-income homeowner's exemption

B : Homeowner's exemption

C : Veteran's exemption

D : Senior citizen's tax exemption

1. Which of the following is the oldest Joint Stock Bank of India ?


A : Patiala Bank

B : Punjab National Bank

C : Bank of India

D : Allahabad Bank

2. Saving accounts usually offer ___ interest rates than checking accounts.


A : Higher

B : Lower

C : Equal

D : None

3. The yield to maturity on a discount bond is


A : equal to both the coupon rate / current yeild

B : less than the current yeild but greater than the coupon rate

C : greater than both the coupon rate / current yeild

D : equal to the current yeild but greater than the coupon rate

4. In preparing a bank reconciliation, outstanding checks are


A : Deducted from the balance sheet

B : Added to the bank balance

C : Deducted from the bank balance

D : Added to the balance sheet

6. The income and substitution effects account for


A : the upward sloping curve

B : the downward sloping curve

C : Both A & B

D : None of the above

7. Transfer payments are included in


A : Government subsidies


C : Both A & B

D : None of the above

8. In which of the following cases will total revenue increase?


A : Price rises and demand is inelastic

B : Price falls and supply is inelastic

C : Price rises and demand is elastic

D : Price falls and demand is inelastic

9. Devaluation of currency leads to


A : increase in domestic prices

B : erratic fluctuations in domestic prices

C : fall in domestic prices

D : no impact on domestic prices

10. Fixed Foreign Exchange rate can be changed by



B : Ministry of Finance


D : All of the above

1. The Accounting period cycle of NSE is


A : Monday to next Friday

B : Wednesday to next Tuesday

C : Wednesday to next Wednesday

D : Tuesday to next Wednesday

2. Suspense account group is defined under


A : Assets

B : Income

C : Expenditure

D : Liabilities

3. The shortcut key to quit from tally is


A : CTRL + Q


C : CTRL + T

D : CTRL + P

5. Commercial banks are funded through which of the following?


A : Customer deposits

B : Services

C : Stock holders

D : Government funding

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