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

2 / 50

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

3 / 50

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

1. N 1,500.00

2. N 1,050.00

3. N 1,650.00

4. N 1,600.00

4 / 50

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

5 / 50

E. Child’s allowance is given subject to maximum number of -----------------------

1. 7 children

2. 9 children

3. 10 children

4. 8 children

6 / 50

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

1. Five

2. Three

3. Four

4. Two

7 / 50

G. The summation of all positive cash inflows from rent and other sources of ordinary income generated by a property, minus the amount of ongoing expenses is known as ……………….

8 / 50

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

9 / 50

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

10 / 50

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

1. Minimum balance

2. Limited Balance

3. Maximum balance

4. Account Balance

11 / 50

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

12 / 50

L. The fundamental purpose of investment is to generate ___________

13 / 50

M. Diversification is a technique that reduces ………….. by allocating investments among various financial instruments.

14 / 50

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

1. Money market

2. Labour market

3. Shares

4. Debentures

15 / 50

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

16 / 50

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

17 / 50

Q. 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

18 / 50

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

19 / 50

S. Personal Financial planning process involves -------------------------------steps

1. Two steps

2. Three steps

3. One step

4. Four steps

20 / 50

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

1. Purchased Assets

2. Financial Installment

3. Required Asset

4. Purpose statement

21 / 50

U. Financial products, like Stock, Bonds, Treasury bills, and Treasuring certificate floated by Government is known as --------------------------

1. Founders’ securities

2. Founders’ strategy

3. Negotiation

4. Founders’ insecurities

22 / 50

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

23 / 50

W. The major benefit from investment is the return on the __________

1. Stock sold

2. Share sold

3. Share sort

4. Loan capital

24 / 50

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

1. Long-term and Short-term

2. Short-term and Medium-term

3. Long-term and Limited-term

4. Long-term and Medium-term

25 / 50

Y. According to Bhave (1994), one of the following is not a stage in the process of venture creation.

1. Opportunity Demand stage

2. Opportunity Recognition technique

3. Opportunity Recognition stage

4. Opportunity Recognition strategy

26 / 50

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

27 / 50

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

1. Re-strategizing market plan

2. Developing a budget strategy

3. Developing a new business site

4. Developing an old business site

28 / 50

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

29 / 50

AC. One advantage of diversification is ……………..

30 / 50

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

31 / 50

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

1. Sales account

2. Current account

3. Static account

4. Savings account

32 / 50

Which of the following is not a step in personal financial planning process?

AF.

1. Quick sort

2. Portability

3. Assessment

4. Examination

33 / 50

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

1. Green chip securities

2. Red chip securities

3. Blue chip securities

4. Yellow chip securities

34 / 50

AH. The ------------------account attracts commission on turnover (COT).

1. Current

2. Budget

3. Savings

4. Sales

35 / 50

AI. Which of the following is not a reason for building personal cash flow?

1. Transaction motive

2. Debit Statement

3. Alert confirmation

4. Transaction alert

36 / 50

AJ. Which of the following instrument is not traded in the Capital market?

1. Jointed Shares

2. Ordinary Shares

3. Common Shares

4. Capital Shares

37 / 50

AK. 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 ……………..

38 / 50

AL. Usually, higher level-of-return investments are associated with higher ___________

39 / 50

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

1. Generate employment

2. Generate unemployment

3. Stops employment

4. Frustrate employment

40 / 50

AN. Disability insurance police provide financial support in the event of the policyholder becoming unable to work because of--------------------------------

1. Industrial weariness

2. Industrial hit or run

3. Industrial setback or backwardness

4. Industrial accident or sickness

41 / 50

AO. 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 ………………..

42 / 50

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

43 / 50

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

44 / 50

AR. …………….. refers to the amount of funds in the structure of the capital that is borrowed from outside sources of financing.

45 / 50

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

1. Quasi

2. Premium

3. Standard Cost

4. Shareholders

46 / 50

AT. Another name for Contingency fund is ----------------------------

1. Consolidated fund

2. Consolidated loan

3. Consolidated interest

4. Consolidated capital

47 / 50

AU. 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 _________

48 / 50

AV. Risk which is insurable has how many characteristics?

1. Five

2. Four

3. Two

4. Three

49 / 50

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

1. Unlimited Credit

2. Micro Credit

3. Limited Capital

4. Macro Credit

50 / 50

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

1. Expenses

2. Credit

3. A loss

4. Gain

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