finance quiz 1
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Finance Quiz 1Vittiya- The Finance Club
24-08-2012
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Question 1
NY Governor David Paterson proposed a tax on downloaded music, calling it a/an:
A. Piracy tax
B. Ipod tax
C. Property tax
D. Creativity tax
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Question 2
What is the current SLR? (Statutory Liquidity Ratio)
a) 23 %
b) 24 %
c) 8%
d) 7%
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Question 3
GAAP stands for
a) General American Accounting Principles
b) Good American Accounting Principles
c) Guidelines for Accounting Acceptance and Performance
d) Generally Accepted Accounting Principles
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Question 4
Recently Gold ETF’s are becoming popular. In this context, ETF stands for:
a) Equity Trust Funds
b) Employee Trust funds
c) Exchange Traded Funds
d) Exchange Trust Funds
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Question 5
If the supply of a particular stock increases, price of the stock will:
a) Increase
b) Decrease
c) Remain constant
d) Move according to Index
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Question 6
Amount owed for goods received on credit is under the head:
a) Bills receivable
b) Bills payable
c) Sales
d) Sales return
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Question 7
The company has taken an automobile loan. Which of the following is correct?
a) The loan and the interest paid are expenses
b) The loan is an expense but the interest is not
c) The loan is not but the interest is an expense
d) Both are not expenses
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Question 8
Where is the headquarters of NSE?
a) Mumbai
b) New Delhi
c) Chennai
d) Kolkata
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Question 9
Which was the first bank to introduce ATM's in India?
A. BOI
B. SBI
C. ICICI
D. HSBC
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Question 10
In the context of Mutual Funds, SIP stands for
A. Systematic Investment Plan
B. Scheduled Interest Plan
C. Specific Insurance Plan
D. Special Income Plan
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Question 11
Bank Overdraft is a good source of finance for:-
A. Short term finance
B. Medium term finance
C. Long term finance
D. All of the above
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Question 12
What is Capital gain?
A. Dividends paid on a share
B. Earnings per share
C. Appreciation in Value of a share
D. Sum of share price and Dividend
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Question 13
In the financial world is said to have been first conceptualized by the roman emperor Diocletian
A. Budgeting
B. Economies of scale
C. Capital gain
D. Cost reduction
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Question 14
Which Indian Organization was found in 1935 in Kolkata, has a lion and Palm tree on its emblem??
A. SEBI
B. Chambers of Commerce
C. Reserve Bank of India
D. LIC
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Question 15
Name German stock exchange
A.NIKKEI
B. XETRA
C. Dow Jones
D. S & P
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Question 16
Who gave the term “SENSEX”?
A. Deepak Mahoni
B. D. Subbarao
C. Deepak Parikh
D. Ketan Mehta
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Question 17
Which country has the oldest stock exchange?
A.US
B. UK
C. Italy
D. Holland
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Question 18
Which financial services co has the tagline "the heart of commerce“
A. Mastercard
B. VISA
C. PWC
D. JP Morgan
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Question 19
First Indian payment gateway
A. ccavenue
B. Directpay
C. ICICI online payment
D. SBI online payment
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Question 20
ICICI stands for
A. Indian Credit and Investment Corporation of Industry
B. Industrial Cash Investment Corporation of India
C. Industrial Credit and Investment Corporation of India
D. Industrial Corporate and Investment Corporation of India
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Question 21
RBI defines which of the following sectors as sensitive?
a) Capital Market
b) Real Estate
c) Commodities
d) All of the above
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Question 22
The company receives cash from a bank loan,then:
A. Asset increase liability decrease
B. Asset decrease Liability increase
C. Asset increase liability increase
D. Asset decrease liability decrease
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Question 23
A company disposes of equipment that it no longer uses in its business. The amount received by the company is more than the amount the asset is carried at in the accounting records. The company will report a(n)
A. Loss
B. Gain
C. Revenue
D. Expense
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Question 24
What are the two banks who recently got the clearance to operate in Pakistan?
A.SBI and BoI
B.BoI and Canara Bank
C.HDFC and SBI
D.SBI and Canara Bank
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Question 25
Which was the latest IPO in India?
a) Speciality Restaurants Ltd
b) SRG Housing Finance Ltd
c) Plastene India Limited
d) Multi Commodity Exchange of India
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Thank you!