bfn203

Category: BFN203

ATTENTION:

Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.

Good luck!

BFN203

1 / 50

A. How much allowance is provided per child in the Personal Income Tax Act (PITA)?

1. N 1,050.00

2. N 1,600.00

3. N 1,650.00

4. N 1,500.00

2 / 50

B. The two sections that make up the Financial market are ____________

1. Capital market and Stock market

2. Money market and Stock market

3. Capital market and Stock budget

4. Capital market and Commodity market

3 / 50

C. A derivatives refers to a financial product which has its value dependent on the outcome of the original _________

4 / 50

D. Risk which is insurable has how many characteristics?

1. Three

2. Two

3. Four

4. Five

5 / 50

E. Specific kinds of risk that may give rise to claims are known as---------------------

1. Quasi

2. Premium

3. Shareholders

4. Standard Cost

6 / 50

F. The rise in the prevailing price (market value) of a property over a period of time, being realized as a cash inflow whenever the property is sold is called ……………..

7 / 50

G. Marketable securities refer to money market financial instruments that are easily convertible to ----------------------

1. Object Code

2. Gain instrument

3. Sales promotion

4. Debt instrument

8 / 50

H. A common name for Gold, Silver, Platinum, Diamond and Copper is ……………..

9 / 50

I. Which of the following accounts attracts interest payment to the account holder?

1. Sales account

2. Savings account

3. Current account

4. Static account

10 / 50

J. …………….. market exists for the purpose of mobilization and intermediation of fund.

11 / 50

K. ………………… in finance refer to the practice of engaging in risky financial transactions in an attempt to earn profit from short term fluctuations in the market value of a tradable financial instrument.

12 / 50

L. Financial products of high net worth companies are regarded as --------------------

1. Red chip securities

2. Green chip securities

3. Blue chip securities

4. Yellow chip securities

13 / 50

M. Capital gains are generated from an appreciation on the value of-------------------

1. Purchased Assets

2. Required Asset

3. Purpose statement

4. Financial Installment

14 / 50

N. …………… refers to the owners’ contribution to the capital funding of the business

15 / 50

O. _________ is the process of converting a new idea or technology into a business undertaking.

16 / 50

P. In property investment, a large portion of purchase price is through debt instrument such as: __________

1. Limited Capital

2. Macro Credit

3. Micro Credit

4. Unlimited Credit

17 / 50

Q. One advantage of diversification is ……………..

18 / 50

R. In finance, an investment involves utilization of funds in acquisition of financial assets such as financial securities and ________

19 / 50

S. Savings accounts holders are restricted in withdrawing their money by leaving ________

1. Maximum balance

2. Limited Balance

3. Minimum balance

4. Account Balance

20 / 50

T. …………… is an investment which is undertaking in order to reduce the risk of adverse price movement in financial asset.

21 / 50

U. Futures are derivatives in which the contracts to buy or sell a specific asset on a future date at a price …………….

22 / 50

V. An investment that involves buying or building houses, apartments and other landed property is referred to as investment in _________

23 / 50

W. Capital gains investing is the art of buying and selling an assets for __________

1. Expenses

2. Gain

3. A loss

4. Credit

24 / 50

X. The maturity period for Treasury bills is--------------------

1. 30 days

2. 40 days

3. 50 days

4. 60 days

25 / 50

Y. ………… derivatives are contracts that are transacted and privately sold directly between two parties, without going through any stock exchange.

26 / 50

Z. Investment is very important because it could be used to -------------------------

1. Stops employment

2. Generate unemployment

3. Generate employment

4. Frustrate employment

27 / 50

AA. A property in the possession of a buyer can become a foreclosure if he or she fails to make a mortgage payment for at least ………………..

28 / 50

AB. One of the ways to reduce the risk of investment is by ----------------------------------

1. Buying on credit

2. Marketing planning

3. Shareholders

4. Selling on credit

29 / 50

AC. Diversification means that an investor should invest in ------------------------------

1. Single asset

2. Double asset

3. Multiple asset

4. Derived asset

30 / 50

AD. The strategic role of the Entrepreneur in creating a new venture revolves around ---------------------------------------

1. Developing a new business site

2. Developing an old business site

3. Re-strategizing market plan

4. Developing a budget strategy

31 / 50

AE. Which of the followings is a money market instrument?

1. Shares

2. Debentures

3. Interest

4. Capital Allowance

32 / 50

AF. According to economists, Investment is regarded as savings embarked upon as a result of __________

33 / 50

AG. Liquidity means the ease with wish an investment can be converted into _________

34 / 50

AH. The market for long term credit is-------------------------

1. Money market

2. Debentures

3. Shares

4. Labour market

35 / 50

AI. Preference shares attract fixed rate of ………………..

36 / 50

AJ. The money market is a market for __________

1. Short Term Debt Instrument

2. Long Debit Installment

3. Mid Term Instrument

4. Long Term Debt Instrument

37 / 50

AK. The main advantage of the hedge is that it lowers the risk of an ………….

38 / 50

AL. ……………… involves contracts that subsist between two parties, which incorporate specific terms like Dates and Maturing values.

39 / 50

AM. A value investor buys undervalued securities while he sells …………… out of his investment portfolio in the capital market.

40 / 50

AN. Motor vehicle insurance protects the policyholder against financial loss in the event of an-------------------------------

1. Flood

2. Loss

3. Lock down

4. Accident

41 / 50

AO. ………………… Refers to the increase in the investor’s equity ratio as the portion of debt service payments devoted to principal accrue over time.

42 / 50

AP. The different methods of saving money is classified into ------------------------

1. Five

2. Four

3. Three

4. Two

43 / 50

AQ. ……………… property is regarded as the creations of the intellect for which a monopoly is granted to the designated owners by law.

44 / 50

AR. Workers’ compensation insurance replaces all or part of a worker’s wages lost and accompanying medical expenses incurred because of _________

1. Market-related set up

2. Market-related progress

3. Market-related backwardness

4. Market-related sickness

45 / 50

AS. Contingency fund could be classified into ------------------------------

1. Long-term and Medium-term

2. Long-term and Limited-term

3. Short-term and Medium-term

4. Long-term and Short-term

46 / 50

AT. ________ refers to a form of investment that has some relative limited liquidity when compared to other forms of investment

47 / 50

AU. Personalize contract between two parties in which payment takes place at specific date in the future at today’s pre-determined price is known as …………..

48 / 50

AV. The practice where depreciation, tax liability and carryover losses are charged against income from other sources for a period of about three decades is called _________

49 / 50

AW. …………. Is the practice of taking advantage of a price difference between two or more financial markets

50 / 50

AX. The fundamental purpose of investment is to generate ___________

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