A-Quant Prelims

Name the first country to legalize cryptocurrency. 

• India

• Singapore

• El salvador

• China

Which of the following is an example of a derivative instrument?

• Common stock

• Preferred stock

• Futures contract

•  Treasury bill

What is the largest stock exchange in the world by market capitalization as of 2022?

•  New York Stock Exchange

• Nasdaq

• Shanghai Stock Exchange

• Tokyo Stock Exchange

Which of the following is a limitation of budgeting?

•  Budgeting helps organizations to achieve their long-term goals

• Budgeting can improve communication and coordination within an organization.

• Budgeting can lead to inaccurate forecasts due to unforeseen events.

•  Budgeting is not useful for evaluating employee performance.

In 2021, which country became the world's largest oil producer?

• Russia

•  Saudi Arabia

• United States

• China

Which of the following companies had the highest market capitalization as of December 2021?

• Amazon

•  Facebook

• Microsoft

• Alphabet (Google)

Which of the following is a tax on the transfer of property after someone's death?

•  Estate tax

• Income tax

• Sales tax

• Excise tax

Which of the following is a common budgeting method that involves estimating revenues and expenses for a certain period of time?

• Incremental budgeting

• Zero-based budgeting

• Activity-based budgeting

• Rolling budgeting

Which of the following budgets is used to plan and control a company's cash inflows and outflows?

• Capital budget

• Operating budget

•  Master budget

• Cash budget

Which country recently launched the world's first digital central bank currency?

• United States

• China

• Japan

• Switzerland