Finance And Commerce Exams Practice Quiz

175 Questions | Total Attempts: 164

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Commerce Quizzes & Trivia

Here we are with a finance and commerce exams practice quiz. Everybody gets pre-exam jitters especially when you are studying finance. Accounting is an essential department in a business as it helps them maintain how much they are losing and gaining and ensures their gong concern. Test your knowledge of accounting principles by taking the simple quiz below before the exams start. All the best!


Questions and Answers
  • 1. 
    Which of the following document is used for recording Returns Outwards Journal?
    • A. 

      Invoice

    • B. 

      Debit note

    • C. 

      Credit Note

    • D. 

      Receipt

  • 2. 
    Electricity bill received and payable now, what document should be prepared by the clerk?
    • A. 

      Official receipt

    • B. 

      Payable Voucher

    • C. 

      Invoice

    • D. 

      Purchase Order

  • 3. 
    Andy bought 80 items at RM60 each from Tony, less trade discount of 25%. After 2 days, Andy returned 5 items to Tony. The amount stated in the credit note issued by Tony to Andy will be _____________.         
    • A. 

      RM270

    • B. 

      RM240

    • C. 

      RM225

    • D. 

      RM300

  • 4. 
    A trade discount is best described as _______________.
    • A. 

      A discount given for card payment.

    • B. 

      A discount given for cash payment.

    • C. 

      A discount given for bulk purchases.

    • D. 

      A discount given if the invoice is paid.

  • 5. 
    The function of accounting are: I.      auditing and taxation II.     recording and reporting III.   analyzing and interpreting IV.   Classifying and summarizing
    • A. 

      I, II

    • B. 

      III, IV

    • C. 

      I, II, III

    • D. 

      All of the above

  • 6. 
    Who are the users of financial reports? I.    shareholders II.   creditors III.  consumers
    • A. 

      I, II

    • B. 

      II, III

    • C. 

      I, III

    • D. 

      All of the above

  • 7. 
    The most liquid item in current asset is __________.
    • A. 

      Stock in hand

    • B. 

      Cash in hand

    • C. 

      Debtors

    • D. 

      Creditors

  • 8. 
    Which of the following is related to Nominal accounts?        
    • A. 

      All revenue and expense accounts

    • B. 

      All assets accounts

    • C. 

      Capital account

    • D. 

      Debit account

  • 9. 
    Which of the following is included in Fixed Assets on the Balance Sheet?           
    • A. 

      Motor vehicles

    • B. 

      Petty cash

    • C. 

      Debtors

    • D. 

      Creditors

  • 10. 
    Which of the following does the Balance Sheet show?    
    • A. 

      Fixed assets and current assets

    • B. 

      Current liabilities and long-term liabilities

    • C. 

      The financial position of a business

    • D. 

      The debts amount of a business

  • 11. 
    What type of discounts would be given by an enterprise to its debtors upon settlement of their debts within a specified period?
    • A. 

      Discount received

    • B. 

      Discount allowed

    • C. 

      Trade discount

    • D. 

      Debit discount

  • 12. 
    At what price are the fixed assets shown in Balance Sheet?
    • A. 

      Market price

    • B. 

      Selling price

    • C. 

      Book value

    • D. 

      Book revenue

  • 13. 
    Insurance paid on goods bought should be considered as which of the following items?
    • A. 

      Purchases

    • B. 

      Administrative expenses

    • C. 

      Cost of goods available for sales

    • D. 

      Sellers

  • 14. 
    世界上历史最悠久、最大的国际金融中心是哪里。 Where was the world’s oldest and largest international financial center?
    • A. 

      伦敦 London

    • B. 

      巴黎 Paris

    • C. 

      纽约 New York

    • D. 

      法兰克福 Frankfurt

  • 15. 
    按照货币的流动性, 一般货币供应量为M0、 M1、M2 三个层次, 请问, 居民储蓄存款属于哪个层次? According to the liquidity of the currency, the money supply is divided into M0, M1, M2 three levels, will the savings deposits of residents belong to which level?
    • A. 

      M0

    • B. 

      M1

    • C. 

      M2

    • D. 

      None of the above

  • 16. 
    引发通货膨胀的原因主要哪些? What factors mainly due to inflationary?
    • A. 

      成本进出 Cost-push

    • B. 

      结构失调 Structural imbalance

    • C. 

      货币贬值 Currency devaluation

    • D. 

      收入不均 Imbalance income

  • 17. 
    单位或者个人强令商业银行发放贷款或者提供担保, 不管是否造成损失, 应对直接负责的主管人员和其他直接负责的人员或者个人给予何种处分? Units or forcing commercial banks to grant loans or provide guarantees to give a sanction to deal with the person in charge directly responsible and other directly responsible personnel or individuals, regardless of whether losses?
    • A. 

      行政处分 Administrative sanctions

    • B. 

      纪律处分 Disciplinary penalty

    • C. 

      处分行事 Criminal penalties

    • D. 

      法律处分 Law penalty

  • 18. 
    1961 年, 世界上第一张大额可转让定期存单(CD)由哪家银行创造出来的。 Year 1961, the world’s first a large negotiable certificates of deposit (CD) created out by which bank?
    • A. 

      大通曼哈顿银行 Chase Manhattan Bank

    • B. 

      花旗银行 Citibank

    • C. 

      英格兰银行 Bank of England

    • D. 

      纽约银行 Bank of New York

  • 19. 
    在中国历史上, 早在那个时期就已出现票据雏形? In Chinese history, as early as at which time had bills prototype?
    • A. 

      秦汉 Qin and Han

    • B. 

      汉唐 Han and Tang

    • C. 

      唐宋 Tang and Song

    • D. 

      秦唐 Qin and Tang

  • 20. 
    一般来说, 当经济发展过快、物价上涨幅度过大时, 政府为抑制社会总需求, 保持经济稳定增长的手段是 In general, when rapid economic development, the inflation rate is too large, the government for the inhibition of total social demand, and maintain stable economic growth means
    • A. 

      提高存贷款利率, 降低税率Raise deposit and lending rates, reducing tax rates

    • B. 

      减少货币供应量, 增加财政支出Reduce the money supply, increased fiscal spending

    • C. 

      提高存贷款利率, 减少财政支出Raise deposit and lending rates, to reduce the financial expenditure

  • 21. 
    近年来, 汽车成为家庭消费的热点。假如你家中有10万元钱, 家里人正在商量到底是买车还是买股票,在下列哪种情况下,你会积极建议买车而不是买股票? In recent years, cars have become a hot spot for family consumption. If you have 10 million, the family is to discuss in the end to buy a car or buy a stock, in the following circumstances under which you will actively recommend buying a car instead of buying stocks?
    • A. 

      政府减收汽车养路费,股票发行企业效率趋于提 Government to reduce car maintenance fee, stock issuance business efficiency tend to improve

    • B. 

      政府增收汽车养路费,股票发行企业的股票下降 Government increase car road maintenance, stock issued shares in the company dropped

    • C. 

      汽油价格下降, 市场预期银行利率上升 Gasoline prices fell, the market is expected to bank interest rates to rise

  • 22. 
    保险是金融体系的重要组成部分,保险在经济生活中的基本功能是什么? Insurance is an important part of the financial system, what is the basic functions of insurance in economic life?
    • A. 

      获得投资回报Return on investment

    • B. 

      分散风险、补偿损失Risk diversification, compensation for loss

    • C. 

      为经济建设积累资金For economic development to accumulate capital

  • 23. 
    没有稳定收入的人士很难申请到银行发行的信用卡, 因为银行信用卡是 Non steady income persons is difficult to apply to bank-issued credit card, bank credit card is
    • A. 

      商业银行对年满18周岁的客户发行的一种信用凭证A credit certificate issued by the consumers of commercial banks at least 18 years of age

    • B. 

      商业银行对资信状况良好的客户发行的一种信用凭证A credit certificate issued by commercial banks on the credit status of customers

    • C. 

      商业银行对拥有房、车等资产的客户发行的一种信用凭证A credit certificate issued by commercial banks for clients with housing, car and other assets 商业银行对拥有房、车等资产的客户发行的一种信用凭证A credit certificate issued by commercial banks for clients with housing, car and other assets 商业银行对拥有房、车等资产的客户发行的一种信用凭证A credit certificate issued by commercial banks for clients with housing, car and other assets 商业银行对拥有房、车等资产的客户发行的一种信用凭证A credit certificate issued by commercial banks for clients with housing, car and other assets

  • 24. 
    股票与债卷的相同点是什么? What are the similar points between stocks and bonds?
    • A. 

      都是筹资方式 Are fund-raising mode

    • B. 

      收益是一样的 Income is the same as

    • C. 

      到期都还本付息Maturity are debt service

  • 25. 
    现实生活中,我们可能面临各种各样的风险。下列属于规避风险的投资方式是 __________˳ In real life, we may face various risks. The following are risk-averse investment is _________.
    • A. 

      购买商业保险 The purchase of commercial insurance

    • B. 

      办理存款储蓄 A deposit savings

    • C. 

      参加社会保险 Participate in social insurance

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