Test: Finance & Management Basics

20 Questions

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Test: Finance & Management Basics

Do you know what is a balance sheet? What is marginal cost technique? Take or online quiz to see how much you already know and learn more along the way.


Questions and Answers
  • 1. 
    360 degree method relates to 
    • A. 

      Performance appraisal 

    • B. 

      Organisation climate

    • C. 

      Employees morale 

    • D. 

      Retrenchment method

  • 2. 
    Mention the world body that is advising for COVID - 19.
    • A. 

      WHO

    • B. 

      IMF

    • C. 

      IFC

    • D. 

      WTO

  • 3. 
    The balance sheet is only
    • A. 

      An account

    • B. 

      A summary 

    • C. 

      A statement 

    • D. 

      None of the above

  • 4. 
    Who is officers of the Executive Board of WHO recently?
    • A. 

      Dr. Harsh Vardhan

    • B. 

      Dr. Suresh Vardhan

    • C. 

      Dr. Sharma Vardhan

    • D. 

      Dr. Vishnu Vardhan

  • 5. 
    Human relations approach of management is associated with
    • A. 

      Abraham Maslow

    • B. 

      Peter F Drucker 

    • C. 

      Elton Mayo

    • D. 

      Herzberg

  • 6. 
    The term funds as used in funds flow statement means
    • A. 

      Cash 

    • B. 

      Current assets 

    • C. 

      Current assets minus current liabilities 

    • D. 

      Current liabilities 

  • 7. 
    Which of the following is a non-current liability?
    • A. 

      Bills payable 

    • B. 

      Sundry creditors 

    • C. 

      Bank overdraft 

    • D. 

      Long term loans

  • 8. 
    FEMA means
    • A. 

      Free Export Management Act 

    • B. 

      Foreign Exchange Management Act

    • C. 

      Foreign Exchange Monitoring Act 

    • D. 

      Free Export Marketing Act

  • 9. 
    Human resource management emphasise 
    • A. 

      Development of people 

    • B. 

      Punishment of people 

    • C. 

      Adoption of people 

    • D. 

      None of the above

  • 10. 
    Which of the following is not a type of direct marketing?
    • A. 

      Direct mail marketing 

    • B. 

      Retail marketing 

    • C. 

      Telemarketing 

    • D. 

      Email direct marketing 

  • 11. 
    Marginal costing technique is useful for ?
    • A. 

      Make or Buy decisions

    • B. 

      Profit planning 

    • C. 

      Shut down decisions 

    • D. 

      All of the above

  • 12. 
    Who has given fourteen principles of management
    • A. 

      Barnard 

    • B. 

      Henry Fayol

    • C. 

      F.W Taylor

    • D. 

      Flemming 

  • 13. 
    What is M.B.O?
    • A. 

      Management by Objective

    • B. 

      Multiple Business Organisation 

    • C. 

      Management by Organisation 

    • D. 

      Multiplicity of Business Operations 

  • 14. 
    Which one is related with micro financing?
    • A. 

      Self Help Group (SHG)

    • B. 

      Anganwadi workers

    • C. 

      Women entrepreneurs 

    • D. 

      None of the above

  • 15. 
    In marginal costing, contribution is equal to 
    • A. 

      Sales - fixed cost

    • B. 

      Sales - variable cost

    • C. 

      Sales - profit

    • D. 

      Sales - variable cost + fixed cost

  • 16. 
    Who is father of scientific management?
    • A. 

      Henry fayol

    • B. 

      Elton mayo

    • C. 

      Chester bernard 

    • D. 

      F.W taylor

  • 17. 
    Which of the following assets is usually assumed not to depreciate? 
    • A. 

      Land

    • B. 

      Building 

    • C. 

      Plant 

    • D. 

      Furniture 

  • 18. 
    Which item is shown on the debit side of a trial balance?
    • A. 

      Purchase returns

    • B. 

      Rent outstanding 

    • C. 

      Prepaid expenses

    • D. 

      None of the above

  • 19. 
    A balance sheet shows only 
    • A. 

      Personal accounts and nominal accounts 

    • B. 

      Real account and nominal account

    • C. 

      Personal accounts and real accounts

    • D. 

      Personal, real and nominal accounts

  • 20. 
    Which one do you like?
    • A. 

      Option 1

    • B. 

      Option 2

    • C. 

      Option 3

    • D. 

      Option 4

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