Finance Quiz 1

Finance Quiz 1Vittiya- The Finance Club

24-08-2012

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

Question 2

What is the current SLR? (Statutory Liquidity Ratio)

a) 23 %

b) 24 %

c) 8%

d) 7%

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

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

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

Question 6

Amount owed for goods received on credit is under the head:

a) Bills receivable

b) Bills payable

c) Sales

d) Sales return

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

Question 8

Where is the headquarters of NSE?

a) Mumbai

b) New Delhi

c) Chennai

d) Kolkata

Question 9

Which was the first bank to introduce ATM's in India?

A. BOI

B. SBI

C. ICICI

D. HSBC

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

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

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

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

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

Question 15

Name German stock exchange

A.NIKKEI

B. XETRA

C. Dow Jones

D. S & P

Question 16

Who gave the term “SENSEX”?

A. Deepak Mahoni

B. D. Subbarao

C. Deepak Parikh

D. Ketan Mehta

Question 17

Which country has the oldest stock exchange?

A.US

B. UK

C. Italy

D. Holland

Question 18

Which financial services co has the tagline "the heart of commerce“

A. Mastercard

B. VISA

C. PWC

D. JP Morgan

Question 19

First Indian payment gateway

A. ccavenue

B. Directpay

C. ICICI online payment

D. SBI online payment

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

Question 21

RBI defines which of the following sectors as sensitive?

a) Capital Market

b) Real Estate

c) Commodities

d) All of the above

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

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

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

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

Thank you!