wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

FIN 3513

Total questions: 52

Worksheet time: 41mins

Name
Class
Date
1.

Financial management mainly focuses on

a)

Efficient management of every business

b)

Brand dimension

c)

Arrangement of funds

d)

All elements of acquiring and using means of financial resources for financial activities

2.

A ______________ is a set of documents that outline the essential financial facts about the new venture.

a)

financial forecast

b)

budget

c)

income statement

d)

financial plan

3.

___________________ represents the short-term liabilities that a business owes to creditors.

a)

Owner's equity

b)

Accounting equation

c)

Accounts payable

d)

Financial statement

4.

The ___________________ is a report of the revenue, expenses, and net income or net loss over an accounting period.

a)

income statement

b)

accounts payable

c)

owner's equity

d)

financial statement

5.

______________________are documents that summarize the changes resulting from business transactions that occur during an accounting period.

a)

Income statements

b)

Financial statements

c)

Accounts payables

d)

Current assets

6.

Property is anything of value that is owned or controlled.

a)

True

b)

False

7.

______________ are property and other items of value owned by a business.

a)

Current assets

b)

Fixed assets

c)

Liabilities

d)

Assets

8.

The total amount of money owed to a business is known as, accounts receivable.

a)

True

b)

False

9.

The systematic process of recording and reporting the financial position of a person or an organization is called, ______________.

a)

Accounts receivable

b)

Accounting

c)

Generally accepted accounting principals (GAAP)

d)

Fixed assets

10.

Cash flows are the money that is available to a business at any given time.

a)

True

b)

False

11.

A _____________________ is a report of the balances in all assets, liability, and owner's equity accounts at the end of a accounting period

a)

statement of cash flows

b)

balance sheet

c)

income statement

d)

financial statement

12.

_____________________ are the creditors' claims to the assets of a business.

a)

Liabilities

b)

Owner's equity

c)

Equity

d)

Assets

13.

Current assets are the assets that are either used up or converted to cash during the normal cycle of business.

a)

True

b)

False

14.

________________________ is the total amount of money owed to a business

a)

Accounts payable

b)

Accounts receivable

c)

Fixed assets

d)

Equity

15.

Fixed assets are items of value that will be held for more than one year.

a)

True

b)

False

16.

A ___________________ is a plan specifying how money will be used or spent during a particular period.

a)

financial forecast

b)

financial plan

c)

accounting equation

d)

budget

17.

______________ is money supplied by investors, banks, or owners of a business.

a)

Equity

b)

Capital

c)

Income statement

d)

Property

18.

A _______________________ is an estimate of a business's financial outlook for the few years.

a)

financial plan

b)

financial forecast

c)

budget

d)

income statement

19.

The income statement is sometimes called a profit and loss statement.

a)

True

b)

False

20.

_____________ is the present value of an asset less all claims against it.

a)

Capital

b)

Property

c)

Equity

d)

Asset

21.

The primary goal of financial management is

a)

to maximize the return

b)

to minimize the risk

c)

to maximize wealth of owners

d)

to maximize profit

22.

A decision to acquire a new and modern plant to upgrade an old one is a

a)

financing decision

b)

working capital decision

c)

investment decision

d)

none of the above

23.

In a financial market, the price to borrow money is called the?

a)

Deposit

b)

Interest Rate

c)

Credit

d)

Cost

24.

______________ are property and other items of value owned by a business.

a)

Current assets

b)

Fixed assets

c)

Liabilities

d)

Assets

25.

Which of the following is/are the financial management process?

a)

Setting goals

b)

Evaluating financial status

c)

Creating financial plan

d)

Reviewing and revising the progress

e)

All of the above

26.

Which of the following is/are correct?

a)

short term financial goals can be achieved less than 6 months

b)

short term financial goals can be achieved less than a year

c)

long term financial goals usually take more than 3 years

d)

long term financial goals usually more than 10 years

27.

This decision is about the quantum of finance to be raised from various long-term sources.

a)

Investment decision

b)

Financing decision

c)

Dividend decision

d)

Capital budgeting decision

28.

Capital budgeting related to

a)

long term assets

b)

short term assets

c)

long term assets and short term assets

d)

fixed assets

29.

Financial management is mainly concerned with

a)

All aspects of acquiring and utilizing financial resources for firms activities

b)

Arrangement of funds

c)

Efficient Management of every business

d)

Profit maximisation

30.

Finance functions are

a)

Planning for funds

b)

Raising of funds

c)

Allocation of funds

d)

All of the above

31.

It is the study of how individuals or businesses evaluate investment opportunities, business proposals and business projects, and raise capital to fund them.

a)

Finance

b)

Evaluating Investments

c)

Financial Management

d)

Financial Institution

32.

Through investment the business will earn interest.

a)

Money Has Time Value

b)

Risk Return Trade Off

c)

Cash Flows Are Source of Values

d)

Individuals Respond to Incentives

33.

Its main role is to act as financial intermediary.

a)

Finance

b)

Evaluating Investments

c)

Financial Management

d)

Financial Institution

34.

What is the meaning of Riba

a)

Uncertainty

b)

Gambling

c)

Ownership

d)

Exploitation

35.

WHAT ARE PROHIBITION OF SHARIAH

a)

ZAKAT

b)

RIBA

c)

LOANS

d)

INTEREST RATE

36.

A "sukuk" is basically a Shariah-compliant

a)

loan

b)

profit

c)

bank cheque

d)

investment certificate

37.

Which from the following is/are NOT permitted under Islamic Financial Principles


I. Interest

II. Short selling

III. Non-asset backed securities

a)

I only

b)

I and II

c)

I and III

d)

I, II, and III

38.

A type of partnership where one party offers funds while other gives expertise and management is

a)

Murabaha

b)

Musharaka

c)

Ijarah

d)

Mudaraba

39.

The Islamic financial system prohibits transaction featuring

a)

Extreme uncertainties resulting from speculation and gambling

b)

Sharing of profit and risk of loss

c)

Partnership agreements

d)

Trading for profit

40.

Which of the following is a type of investing instrument?

a)

Musharakah

b)

Musavvama

c)

Kafalah

d)

Qimar

41.

Shariah provides a network of ethical and moral rules of behavior for

a)

Potential buyers

b)

Travelling merchants

c)

All participants in market

d)

Muslims only

42.

Find the asset-based financial instruments:

a)

Salam, Murabaha, Istisna', Ijarah

b)

Musharakah and Murabaha

c)

Salam, Murabaha, Mudaraba, Istisna'

d)

Salam, Mudaraba, Istisna'

43.

Tabarru is...

a)

An arrangement based on mutual assistance

b)

Contract of charity or donation

c)

A common fund contributed by a takaful participants

d)

Insurance contract

44.

Find types of Takaful.

a)

Musharaka, Wakala, Hybrid, Waqf

b)

Mudaraba, Wakala, Hybrid, Waqf

c)

Mudaraba, Kafala, Hybrid, Waqf

d)

Murabaha, Wakala, Hybrid, Waqf

45.

Murabaha is...

a)

Partnership agreements

b)

Trade-based Agreements

c)

Commission payment agreements

d)

Loan agreement

46.

In the ____________ model of Takaful financial losses are required to be covered only by the participants

a)

Wakala

b)

Mudaraba

c)

Murabaha

d)

Waqf

47.

Which are two types of common Islamic capital market product?

a)

Sukuk

b)

Mutual Fund

c)

Bitcoin

48.

Risk is part of investment. High risk investment could give high return. However, risk may be transfer. Which institution would accept to get transferred of risk?

a)

Central bank

b)

Takaful /insurance

c)

Bursa

d)

Tabung haji

49.

"The borrower must not promise in the contract to pay anything extra"


from the statement above, it decribes ....

a)

qardhul hassan

b)

murabahah

c)

wadiah yad dhamanah

50.

Originally Wadiah is of Yad Amanah where the custodian has the duty to protect the property by .....

a)

Not mixing or pooling the properties (money) under his custody

b)

Not charging any fees for safe custody

c)

all of the above

51.

all these are characteristics of Rahnu, except ...

a)

Mortgaged property can be sold by court order to pay for the debt for which it is mortgaged. The balance if any, after payment of debt is to be returned to mortgagor

b)

Sale of mortgaged property is invalid

c)

The lessor has the power and capacity to use and lease the asset

52.

"General partnership whereby two or more parties into a contract to exploit their labour and capital jointly and to share the profits and losses of the partnership. "

This statement describe about

a)

mudharabah contract

b)

musyarakah contract

c)

Ijarah contract