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

2 / 50

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

1. Loss

2. Lock down

3. Accident

4. Flood

3 / 50

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

4 / 50

D. Mortgages are long term loans that are secured by---------------------------

1. Financial Interest

2. Financial Assets

3. Capital Assets

4. Financial Statement

5 / 50

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

1. Five

2. Two

3. Three

4. Four

6 / 50

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

1. A loss

2. Expenses

3. Gain

4. Credit

7 / 50

G. ………………… 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.

8 / 50

H. 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 ……………..

9 / 50

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

10 / 50

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

1. Capital market and Stock budget

2. Capital market and Commodity market

3. Money market and Stock market

4. Capital market and Stock market

11 / 50

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

12 / 50

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

13 / 50

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

1. Standard Cost

2. Premium

3. Shareholders

4. Quasi

14 / 50

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

15 / 50

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

1. Opportunity Recognition technique

2. Opportunity Recognition stage

3. Opportunity Demand stage

4. Opportunity Recognition strategy

16 / 50

P. __________ involves subscribing and investing in debt instrument of corporate entities such as bonds debentures.

17 / 50

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

1. Red chip securities

2. Yellow chip securities

3. Green chip securities

4. Blue chip securities

18 / 50

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

19 / 50

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

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. The fundamental purpose of investment is to generate ___________

22 / 50

V. Real estate investment can be …………… because of magnitude of fund requirement.

23 / 50

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

1. Developing a new business site

2. Developing a budget strategy

3. Developing an old business site

4. Re-strategizing market plan

24 / 50

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

1. Share sold

2. Share sort

3. Stock sold

4. Loan capital

25 / 50

Y. 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 _________

26 / 50

Z. The money market is a market for __________

1. Mid Term Instrument

2. Long Term Debt Instrument

3. Short Term Debt Instrument

4. Long Debit Installment

27 / 50

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

28 / 50

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

29 / 50

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

30 / 50

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

1. Savings

2. Sales

3. Budget

4. Current

31 / 50

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

1. Static account

2. Sales account

3. Savings account

4. Current account

32 / 50

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

1. 7 children

2. 8 children

3. 9 children

4. 10 children

33 / 50

AG. 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 …………..

34 / 50

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

1. Consolidated interest

2. Consolidated capital

3. Consolidated fund

4. Consolidated loan

35 / 50

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

1. 40 days

2. 30 days

3. 50 days

4. 60 days

36 / 50

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

37 / 50

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

1. N 1,650.00

2. N 1,600.00

3. N 1,050.00

4. N 1,500.00

38 / 50

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

1. Limited Capital

2. Unlimited Credit

3. Macro Credit

4. Micro Credit

39 / 50

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

40 / 50

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

1. Debt instrument

2. Gain instrument

3. Sales promotion

4. Object Code

41 / 50

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

42 / 50

AP. 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 ………………..

43 / 50

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

1. Long-term and Limited-term

2. Short-term and Medium-term

3. Long-term and Medium-term

4. Long-term and Short-term

44 / 50

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

45 / 50

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

46 / 50

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

1. Generate unemployment

2. Frustrate employment

3. Generate employment

4. Stops employment

47 / 50

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

1. Founders’ strategy

2. Founders’ securities

3. Negotiation

4. Founders’ insecurities

48 / 50

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

1. Maximum balance

2. Limited Balance

3. Account Balance

4. Minimum balance

49 / 50

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

1. Debentures

2. Capital Allowance

3. Interest

4. Shares

50 / 50

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

1. Market-related sickness

2. Market-related backwardness

3. Market-related set up

4. Market-related progress

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