MCQOPTIONS
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MCQOPTIONS
This section includes 410 Mcqs, each offering curated multiple-choice questions to sharpen your Finance & Accounting knowledge and support exam preparation. Choose a topic below to get started.
| 351. |
Following is (are) the characteristic(s) of a budget |
| A. | It outlines projected activities |
| B. | Expressions are made in quantitative terms |
| C. | It is for a fixed period |
| D. | All of the above |
| Answer» E. | |
| 352. |
A Low Return on Investment Ratio (ROI) indicates |
| A. | Improper utilization of resources |
| B. | Over investment in assets |
| C. | Both ‘A’ and ‘B’ |
| D. | None of the above |
| Answer» D. None of the above | |
| 353. |
Return on Investment Ratio (ROI) = |
| A. | (Gross profit / Net sales) x 100 |
| B. | (Gross profit x Sales / Fixed assets) x 100 |
| C. | (Net profit / Sales) x 100 |
| D. | (Net profit / Total assets) x 100 |
| Answer» E. | |
| 354. |
A higher inventory ratio indicates |
| A. | Better inventory management |
| B. | Quicker turnover |
| C. | Both ‘A’ and ‘B’ |
| D. | None of the above |
| Answer» D. None of the above | |
| 355. |
Lower the Debt Equity ratio |
| A. | Lower the protection to creditors |
| B. | Higher the protection to creditors |
| C. | It does not affect creditors |
| D. | None of the above |
| Answer» C. It does not affect creditors | |
| 356. |
The following is also known as External Internal Equity ratio |
| A. | Current ratio |
| B. | Acid test ratio |
| C. | Debt Equity ratio |
| D. | Debt service coverage ratio |
| Answer» D. Debt service coverage ratio | |
| 357. |
Liquid or Quick assets = |
| A. | Current assets – (stock + work in progress) |
| B. | Current assets + stock + work in progress |
| C. | (Current assets + stock) + work in progress |
| D. | (Current assets + work in progress) – stock |
| Answer» B. Current assets + stock + work in progress | |
| 358. |
A current ratio of ______ and above indicates that the availability of sufficient net working capital and the ability of the firm to meet current liabilities. |
| A. | 1.33:1 |
| B. | 1.44:1 |
| C. | 1.55:1 |
| D. | 1.66:1 |
| Answer» B. 1.44:1 | |
| 359. |
Current ratio = |
| A. | Quick assets / Current liabilities |
| B. | Current assets / Current liabilities |
| C. | Debt. / Equity |
| D. | Current assets / Equity |
| Answer» C. Debt. / Equity | |
| 360. |
The following is (are) the current liability (ies) |
| A. | Bills payable |
| B. | Outstanding expenses |
| C. | Bank overdraft |
| D. | All of the above |
| Answer» E. | |
| 361. |
The measure of how efficiently the assets resources are employed by the firm is called |
| A. | Liquidity ratio |
| B. | Leverage ratios |
| C. | Activity ratios |
| D. | Profitability ratios |
| Answer» D. Profitability ratios | |
| 362. |
The ratios that refer to the ability of the firm to meet the short term obligations out of its short term resources |
| A. | Liquidity ratio |
| B. | Leverage ratios |
| C. | Activity ratios |
| D. | Profitability ratios |
| Answer» B. Leverage ratios | |
| 363. |
Balance sheets are prepared |
| A. | Daily |
| B. | Weekly |
| C. | Monthly |
| D. | Annually |
| Answer» E. | |
| 364. |
Balance sheet is a statement of |
| A. | Assets |
| B. | Liability |
| C. | Capital |
| D. | All of the above |
| Answer» E. | |
| 365. |
The following is a statement of revenues and expenses for a specific period of time |
| A. | Trading account |
| B. | Trial balance |
| C. | Profit and loss statements |
| D. | Balance sheet |
| Answer» D. Balance sheet | |
| 366. |
The following is a statement showing the financial status of the company at any given time |
| A. | Trading account |
| B. | Profit and Loss statements |
| C. | Balance sheet |
| D. | cash Book |
| Answer» D. cash Book | |
| 367. |
The process of entering all transactions from the journal to ledger is called |
| A. | Posting |
| B. | Entry |
| C. | Accounting |
| D. | None of the above |
| Answer» B. Entry | |
| 368. |
The following is (are) the type(s) of Journal |
| A. | Purchase journal |
| B. | Sales journal |
| C. | Cash journal |
| D. | All of the above |
| Answer» E. | |
| 369. |
In journal, the business transaction is recorded |
| A. | Same day |
| B. | Next day |
| C. | Once in a week |
| D. | Once in a month |
| Answer» B. Next day | |
| 370. |
Real accounts records |
| A. | Dealings with creditors or debtors |
| B. | Dealings in commodities |
| C. | Gains and losses |
| D. | All of the above |
| Answer» C. Gains and losses | |
| 371. |
The accounts that records expenses, gains and losses are |
| A. | Personal accounts |
| B. | Real accounts |
| C. | Nominal accounts |
| D. | None of the above |
| Answer» D. None of the above | |
| 372. |
Any written evidence in support of a business transaction is called |
| A. | Journal |
| B. | Ledger |
| C. | Ledger posting |
| D. | Voucher |
| Answer» E. | |
| 373. |
The sales income (Credit and Cash) of a business during a given period is called |
| A. | Transactions |
| B. | Sales returns |
| C. | Turnover |
| D. | Purchase returns |
| Answer» D. Purchase returns | |
| 374. |
The debts, which are to be repaid within a short period (year or less) are known as |
| A. | Current liabilities |
| B. | Fixed liabilities |
| C. | Contingent liabilities |
| D. | All of the above |
| Answer» B. Fixed liabilities | |
| 375. |
The liabilities that are payable in more than a year and are not be liquidated from current assets |
| A. | Current liabilities |
| B. | Fixed liabilities |
| C. | Contingent liabilities |
| D. | All of the above |
| Answer» C. Contingent liabilities | |
| 376. |
-The following is not a type of liability |
| A. | Short term |
| B. | Current |
| C. | Fixed |
| D. | Contingent |
| Answer» B. Current | |
| 377. |
Patents, Copyrights and Trademarks are |
| A. | Current assets |
| B. | Fixed assets |
| C. | Intangible assets |
| D. | Investments |
| Answer» D. Investments | |
| 378. |
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as |
| A. | Current assets |
| B. | Fixed assets |
| C. | Intangible assets |
| D. | Investments |
| Answer» B. Fixed assets | |
| 379. |
-The long term assets that have no physical existence but are rights that have value is known as |
| A. | Current assets |
| B. | Fixed assets |
| C. | Intangible assets |
| D. | Investments |
| Answer» D. Investments | |
| 380. |
Accounting provides information on |
| A. | Cost and income for managers |
| B. | Company’s tax liability for a particular year |
| C. | Financial conditions of an institution |
| D. | All of the above |
| Answer» E. | |
| 381. |
Which one of the following is not a money market securities? |
| A. | Treasury bills |
| B. | National savings certificate |
| C. | Certificate of deposit |
| D. | Commercial paper |
| Answer» C. Certificate of deposit | |
| 382. |
Market value of the shares are decided by ____________. |
| A. | the respective companies |
| B. | the investment market |
| C. | the government |
| D. | shareholders |
| Answer» C. the government | |
| 383. |
In his traditional role the finance manager is responsible for ___________. |
| A. | proper utilisation of funds |
| B. | arrangement of financial resources |
| C. | acquiring capital assets of the organization |
| D. | Efficient management of capital |
| Answer» E. | |
| 384. |
Financial Management is mainly concerned with ______________. |
| A. | All aspects of acquiring and utilizing financial resources for firms activities |
| B. | Arrangement of funds |
| C. | Efficient Management of every business |
| D. | Profit maximization |
| Answer» B. Arrangement of funds | |
| 385. |
Investment is the _______________. |
| A. | net additions made to the nation’s capital stocks |
| B. | B. person’s commitment to buy a flat or house |
| C. | employment of funds on assets to earn returns |
| D. | employment of funds on goods and services that are used in production process |
| Answer» D. employment of funds on goods and services that are used in production process | |
| 386. |
Which of the following numbers should be added to 11158 to make it exactly divisible by 77? |
| A. | 9 |
| B. | 8 |
| C. | 7 |
| D. | 5 |
| Answer» D. 5 | |
| 387. |
There is a certain relation between two given words on one side of : : and one word is given on another side of : : while another word is to be found from the given alternatives, having the same relation with this word as the given pair has. Select the best alternative. Horse : Jockey : : Car : ? |
| A. | Mechanic |
| B. | Chauffeur |
| C. | Steering |
| D. | Brake |
| Answer» C. Steering | |
| 388. |
12% of 580 + ? = 94 |
| A. | 24.4 |
| B. | 34.4 |
| C. | 54.4 |
| D. | 65.4 |
| Answer» B. 34.4 | |
| 389. |
An emergency vehicle travels 10 miles at a speed of 50 miles per hour. How fast must the vehicle travel on the return trip if the round-trip travel time is to be 20 minutes? |
| A. | 72 miles per hour |
| B. | 75 miles per hour |
| C. | 65 miles per hour |
| D. | 78 miles per hour |
| Answer» C. 65 miles per hour | |
| 390. |
There are 20 poles with a constant distance between each pole. A car takes 24 second to reach the 12th pole.How much will it take to reach the last pole. |
| A. | 41.45 seconds |
| B. | 40.45 seconds |
| C. | 42.45 seconds |
| D. | 41.00 seconds |
| Answer» B. 40.45 seconds | |
| 391. |
A sum of Rs. 427 is to be divided among A, B and C in such a way that 3 times A’s share, 4 times B’s share and 7 times C’s share are all equal. The share of C is |
| A. | Rs.84 |
| B. | Rs.76 |
| C. | Rs.98 |
| D. | RS.34 |
| Answer» B. Rs.76 | |
| 392. |
Three friends divided some bullets equally. After all of them shot 4 bullets the total number of bullets remaining is equal to the bullets each had after division. Find the original number divided? |
| A. | 18 |
| B. | 20 |
| C. | 54 |
| D. | 8 |
| Answer» B. 20 | |
| 393. |
(1/10)18 – (1/10)20 = ? |
| A. | 99/1020 |
| B. | 99/10 |
| C. | 0.9 |
| D. | none of these |
| Answer» B. 99/10 | |
| 394. |
7 Pink, 5 Black, 11 Yellow balls are there. Minimum no. atleast to get one black and yellow ball |
| A. | 17 |
| B. | 13 |
| C. | 15 |
| D. | 19 |
| Answer» B. 13 | |
| 395. |
A can have a piece of work done in 8 days, B can work three times faster than the A, C can work five times faster than A. How many days will they take to do the work together |
| A. | 3 days |
| B. | 8/9 days |
| C. | 4 days |
| D. | None of the above |
| Answer» C. 4 days | |
| 396. |
Complete the series: 5, 20, 24, 6, 2, 8, ? |
| A. | 12 |
| B. | 32 |
| C. | 34 |
| D. | 36 |
| Answer» B. 32 | |
| 397. |
Which one of the words given below is different from others? |
| A. | Orange |
| B. | Grape |
| C. | Apricot |
| D. | Raspberry |
| Answer» D. Raspberry | |
| 398. |
One ship goes along the stream direction 28 km and in opposite direction 13 km in 5 hrs for each direction.What is the velocity of stream? |
| A. | 1.5 kmph |
| B. | 2.5 kmph |
| C. | 1.8 kmph |
| D. | 2 kmph |
| Answer» B. 2.5 kmph | |
| 399. |
A man sells two buffaloes for Rs. 7,820 each. On one he gains 15% and on the other, he loses 15%. His total gain or loss in the transaction is |
| A. | 2.5% gain |
| B. | 2.25% loss |
| C. | 2% loss |
| D. | 5% loss |
| Answer» C. 2% loss | |
| 400. |
The sum of 5 successive odd numbers is 1075. What is the largest of these numbers? |
| A. | 215 |
| B. | 223 |
| C. | 219 |
| D. | 217 |
| Answer» D. 217 | |