WorksheetsFINANCE
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
What financial statement lists assets from current to long term?
a)
Income statement
b)
Cash flow statement
c)
Statement of retained earnings
d)
Balance sheet
2.
What balance sheet formal is verticle?
a)
Report form
b)
Cash flow form
c)
Income statement form
d)
Horizontal form
3.
Income statement format that separates the cost of goods sold into categories?
a)
Single-step income statement format
b)
Multiple-step income statement format
c)
Balance sheet format
d)
Cash flow statement format
4.
Which of these is not included as a separate item in the basic accounting equation?
a)
Assets
b)
Revenue
c)
Liabilities
d)
Stockholders Equity
5.
A percentage paid to a lender for the use of borrowed money is called
a)
interest
b)
tax
c)
fee
d)
rent
6.
When deciding between which of the two items to purchase, one should always:
a)
consider the pros and cons
b)
choose randomly
c)
flip a coin
d)
ask a stranger
7.
In India farm credit is regulated by
a)
State Bank of India (SBI) and Punjab National Bank (PNB)
b)
World Bank and International Monetary Fund (IMF)
c)
Ministry of Agriculture and Farmers Welfare
d)
Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD)
8.
The term of the 11th Five Year Plan is
a)
2006-2011
b)
2007-2012
c)
2008-2013
d)
2010-2015
9.
Which of the following is not a direct tax?
a)
Sales tax
b)
Property tax
c)
Estate tax
d)
Income tax
10.
Which Five-year Plan is being implemented at present?
a)
The current Five-year Plan is the 14th Five-year Plan.
b)
The 10th Five-year Plan
c)
The 8th Five-year Plan
d)
The 12th Five-year Plan
100 %
