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Accounting And Finance Online Exam Quiz

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?

Options

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

Options

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 ?

Options

A : Nil Accounting Variation

B : New Asset Venture

C : Net Accounting Venture

D : Net Asset Value

9. Goods that are excludable include both

Options

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

Options

A : creditors

B : regulatory agencies

C : shareholders

D : managers

7. Bad loans in banking terminology are generally known as

Options

A : NPA's

B : Prime loans

C : BPO's

D : Prime Assets

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

Options

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 ?

Options

A : Patiala Bank

B : Punjab National Bank

C : Bank of India

D : Allahabad Bank

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

Options

A : Higher

B : Lower

C : Equal

D : None

3. The yield to maturity on a discount bond is

Options

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

Options

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

Options

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

Options

A : Government subsidies

B : GDP

C : Both A & B

D : None of the above

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

Options

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

Options

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

Options

A : SEBI

B : Ministry of Finance

C : RBI

D : All of the above

1. The Accounting period cycle of NSE is

Options

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

Options

A : Assets

B : Income

C : Expenditure

D : Liabilities

3. The shortcut key to quit from tally is

Options

A : CTRL + Q

B : CTRL + ESC

C : CTRL + T

D : CTRL + P

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

Options

A : Customer deposits

B : Services

C : Stock holders

D : Government funding

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