Explore topic-wise MCQs in Finance & Accounting.

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