MCQOPTIONS
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MCQOPTIONS
This section includes 13 Mcqs, each offering curated multiple-choice questions to sharpen your Company QA knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which payment type can help you stick to a budget? |
| A. | Payday loans |
| B. | Cash advances |
| C. | Debit cards |
| D. | Credit cards |
| Answer» D. Credit cards | |
| 2. |
Which of the following investment choices is least risky? |
| A. | Renting |
| B. | Bonds |
| C. | Flipping |
| D. | CD's |
| Answer» E. | |
| 3. |
What is true about personal financial planning? |
| A. | Personal financial planning is the process of creating and achieving financial goals |
| B. | Our financial decisions decrease once we reach adulthood |
| C. | A family's resources are unlimited |
| D. | There are two means for achieving financial goals—you either need to increase your spending or reduce savings |
| Answer» B. Our financial decisions decrease once we reach adulthood | |
| 4. |
Which cost is an example of a variable cost? |
| A. | raw materials |
| B. | raw materials |
| C. | labor |
| D. | All of the above |
| Answer» E. | |
| 5. |
Someone who loans money is called |
| A. | Lender |
| B. | Borrower |
| C. | Investee |
| D. | Investor |
| Answer» B. Borrower | |
| 6. |
RBI issued currency notes under which system |
| A. | Maximum Fiduciary System |
| B. | Proportional Reserve System |
| C. | Fixed Fiduciary System |
| D. | Fixed Minimum Reserve System |
| Answer» E. | |
| 7. |
Insurance can help you to protect against |
| A. | unexpected accidents |
| B. | illegal consent |
| C. | Both A & B |
| D. | None of the above |
| Answer» B. illegal consent | |
| 8. |
Galloping inflation is also known as |
| A. | Hyperinflation |
| B. | Jumping inflation |
| C. | Moderate inflation |
| D. | None |
| Answer» C. Moderate inflation | |
| 9. |
Diversification is important in investing because |
| A. | It ensures that you only make low-risk investments. |
| B. | It helps you to balance your risk across different types of investments. |
| C. | It helps you gain the highest rate of return despite any risks. |
| D. | It increases your overall risk, which guarantees that you will make more money. |
| Answer» C. It helps you gain the highest rate of return despite any risks. | |
| 10. |
Financial management process deals with |
| A. | Financing decisions |
| B. | Investments |
| C. | Both A & B |
| D. | None of the above |
| Answer» B. Investments | |
| 11. |
Demand is said to be inelastic when |
| A. | Percentage change in demand is less than the percentage change in price of the good |
| B. | Percentage change in demand is greater than the percentage change in price of the good |
| C. | Percentage change in demand is equal to the percentage change in price of the good |
| D. | None of the above |
| Answer» B. Percentage change in demand is greater than the percentage change in price of the good | |
| 12. |
Capitalism is characterized by which of the following? |
| A. | Profits |
| B. | A market economy |
| C. | Privately owned businesses |
| D. | All the above |
| Answer» E. | |
| 13. |
Comprehensive income includes all of the following except |
| A. | expenses |
| B. | contributions by owners |
| C. | extraordinary items |
| D. | losses |
| Answer» C. extraordinary items | |