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The Finance Maestro- Quiz 1

Total questions: 15

Worksheet time: 11mins

Name
Class
Date
1.

The Finance Minister Nirmala Sitharaman has launched which app?

a)

Pay Commission Mobile App

b)

Budget App

c)

Union Budget Mobile App

d)

Finance Commission App

2.

1. A business uses Hire purchase because:

a)

This allows a business to acquire assets to keep by paying for it over a period

b)

This allows them to use an asset when they want

c)

This allows a business to use assets on rent

d)

They can use it without paying for it

3.

With which bank, Indian Navy has partnered with to initiate ‘Honour FIRST’, a premium banking solution for serving personnel and veterans of the Indian Navy?

a)

IDFC FIRST Bank

b)

HDFC Bank

c)

Citibank

d)

ICICI Bank

4.

Which of the following is not a financing activity?

a)

Repayment of long-term debt

b)

Issuance of equity

c)

Investments in businesses

d)

Payment of dividends

5.

Which of the following is not a part of GST slab rate?

a)

5%

b)

18%

c)

12%

d)

7%

6.

What is an annuity?

a)

An investment that has no definite end and a stream of cash payments that continues forever

b)

A stream of cash flows that start one year from today and continue while growing by a constant growth rate

c)

A series of equal payments at equal time periods and guaranteed for a fixed number of years

d)

A series of unequal payments at equal time periods which are guaranteed for a fixed number of years

7.

Which of the following is not a publicly listed company?

a)

Reliance Industries

b)

Amul

c)

Apple

d)

Amazon

8.

If you were able to earn interest at 3% and you started with $100, how much would you have after 3 years?

a)

$91.51

b)

$109.27

c)

$291.26

d)

$103.00

9.

Who is the head of GST Council?

a)

Shaktikanta Das

b)

Arun Jaitley

c)

Nirmala Sitharaman

d)

None of the given options

10.

Provisions are

a)

External Transactions

b)

Capital Reserve

c)

Internal Transactions

d)

None of the these

11.

In finance, we refer to the market where new securities are bought and sold for the first time?

a)

Money market

b)

Capital market

c)

Secondary market

d)

Primary market

12.

Which one of the following can issue the corporate bond?

a)

All of the given

b)

Individuals

c)

Public limited companies

d)

Government

13.

Financing decision determines?

a)

Current asset

b)

Fix asset

c)

Equity

d)

Mix of finance

14.

What are the three interrelated areas of finance?

a)

Financial markets, option and forwards

b)

Banking, financial institutions and swap currency

c)

Investment, Financial management and Financial market & Financial institution

d)

All of the given options

15.

Financial decisions are concerned with which of the following?

a)

Making investment decisions that optimize economic value

b)

Making asset management decisions that optimize economic wealth

c)

Raising capital that is needed for growth

d)

All of the given options