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

1. 9 children

2. 10 children

3. 7 children

4. 8 children

2 / 50

B. 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 ……………….

3 / 50

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

1. Loss

2. Lock down

3. Accident

4. Flood

4 / 50

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

1. Share sort

2. Share sold

3. Stock sold

4. Loan capital

5 / 50

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

1. Sales

2. Budget

3. Current

4. Savings

6 / 50

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

7 / 50

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

8 / 50

H. …………….. stages are involved in venture round financing being provided by venture capitalists.

9 / 50

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

1. Short-term and Medium-term

2. Long-term and Short-term

3. Long-term and Medium-term

4. Long-term and Limited-term

10 / 50

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

1. Buying on credit

2. Selling on credit

3. Marketing planning

4. Shareholders

11 / 50

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

12 / 50

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

1. Current account

2. Sales account

3. Savings account

4. Static account

13 / 50

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

1. Blue chip securities

2. Yellow chip securities

3. Red chip securities

4. Green chip securities

14 / 50

N. 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

15 / 50

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

16 / 50

P. 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 ……………..

17 / 50

Q. The money market is a market for __________

1. Long Term Debt Instrument

2. Mid Term Instrument

3. Long Debit Installment

4. Short Term Debt Instrument

18 / 50

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

1. Developing a budget strategy

2. Developing a new business site

3. Re-strategizing market plan

4. Developing an old business site

19 / 50

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

20 / 50

T. 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 ………………..

21 / 50

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

22 / 50

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

23 / 50

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

24 / 50

X. 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 _________

25 / 50

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

26 / 50

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

1. Five

2. Two

3. Four

4. Three

27 / 50

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

1. Capital Shares

2. Jointed Shares

3. Ordinary Shares

4. Common Shares

28 / 50

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

29 / 50

AC. ………………… 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.

30 / 50

AD. The fundamental purpose of investment is to generate ___________

31 / 50

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

1. N 1,600.00

2. N 1,650.00

3. N 1,500.00

4. N 1,050.00

32 / 50

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

33 / 50

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

1. Shares

2. Debentures

3. Money market

4. Labour market

34 / 50

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

35 / 50

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

1. 30 days

2. 60 days

3. 40 days

4. 50 days

36 / 50

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

37 / 50

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

38 / 50

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

1. Capital market and Stock market

2. Capital market and Stock budget

3. Money market and Stock market

4. Capital market and Commodity market

39 / 50

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

40 / 50

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

41 / 50

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

1. Premium

2. Standard Cost

3. Quasi

4. Shareholders

42 / 50

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

43 / 50

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

1. Generate employment

2. Stops employment

3. Generate unemployment

4. Frustrate employment

44 / 50

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

45 / 50

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

1. Transaction motive

2. Transaction alert

3. Alert confirmation

4. Debit Statement

46 / 50

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

1. One step

2. Three steps

3. Two steps

4. Four steps

47 / 50

AU. Risk which is insurable has how many characteristics?

1. Two

2. Four

3. Five

4. Three

48 / 50

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

1. Minimum balance

2. Account Balance

3. Limited Balance

4. Maximum balance

49 / 50

AW. 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 …………..

50 / 50

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

1. Industrial hit or run

2. Industrial accident or sickness

3. Industrial setback or backwardness

4. Industrial weariness

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