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Quiz Balance Sheet

Total questions: 11

Worksheet time: 7mins

Name
Class
Date
1.

CPA (MSME) will be conducted if the exposure is Rs ........

a)

10 Lacs in Rural

b)

Above 1 Crore

c)

1 Crore & above

d)

50 Lacs in Metro

2.

IN CIBIL Any credit history in the last ....... months will be taken into account for scoring

a)

24

b)

12

c)

36

d)

60

3.

....... Reflects the net profit or loss of the entire business after duly accounting for all administrative and selling expenses.

a)

Balance Sheet

b)

P & L statement

c)

Fund Flow statement

d)

Cash Flow statement

4.

Which one is not the purpose of Cash Flow Statement

a)

Without profit and flow of cash a business unit can not run for ever

b)

A balance sheet can be well presented by ever-greening

c)

Whether working capital has increased, if so how the working capital gap is financed

d)

To get finance the basic thing is the business should be profitable

5.

Which one is wrong related to obtainaining of audited balance sheeW

a)

Total exposure from all Banks/FIs is Rs.50 lakh and above

b)

All companies irrespective of turnover

c)

Sales Turnover  > 1 crore  Per annum

d)

Revenue / Income > 50 lakh per annum in case of professionals

6.

Which one is not a source of long term liabilitiy

a)

Term loan from Bank

b)

Debentures

c)

Bonds

d)

Cash Credit Limit

7.

Which one in not a Current Asset

a)

Sundry Debtors

b)

Pre paid expenses

c)

Investment in sister concer

d)

Advance to RM supplier

8.

Which one is not a intangible asset

a)

Goodwill

b)

Patent

c)

Copyright

d)

Security Deposits

9.

What is the benchmark Current Ratio as per loan policy

a)

>3:1

b)

≥ 1.15

c)

< 1.15

d)

< 3:1

10.

Legal opinion by two advocates if value of single property is

a)

5 Crore & Above

b)

2 Crore & Above

c)

Above 2 Crore

d)

Above 5 crore

11.

Statement derived by comparing two balance sheets of the borrower

a)

Cash flow statement

b)

Trial balance

c)

TWIN Balance Sheet

d)

Fund Flow Balance sheet