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

1. Market-related progress

2. Market-related sickness

3. Market-related backwardness

4. Market-related set up

2 / 50

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

1. Lock down

2. Accident

3. Loss

4. Flood

3 / 50

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

4 / 50

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

1. A loss

2. Expenses

3. Gain

4. Credit

5 / 50

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

6 / 50

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

1. Account Balance

2. Maximum balance

3. Minimum balance

4. Limited Balance

7 / 50

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

1. Frustrate employment

2. Generate unemployment

3. Generate employment

4. Stops employment

8 / 50

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

9 / 50

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

1. Green chip securities

2. Yellow chip securities

3. Red chip securities

4. Blue chip securities

10 / 50

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

1. Savings

2. Sales

3. Current

4. Budget

11 / 50

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

1. Multiple asset

2. Derived asset

3. Double asset

4. Single asset

12 / 50

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

1. Capital market and Stock market

2. Capital market and Commodity market

3. Capital market and Stock budget

4. Money market and Stock market

13 / 50

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

14 / 50

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

1. Founders’ securities

2. Negotiation

3. Founders’ insecurities

4. Founders’ strategy

15 / 50

O. Risk which is insurable has how many characteristics?

1. Four

2. Three

3. Five

4. Two

16 / 50

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

17 / 50

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

18 / 50

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

19 / 50

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

1. Marketing planning

2. Shareholders

3. Buying on credit

4. Selling on credit

20 / 50

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

21 / 50

U. 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 …………..

22 / 50

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

1. Standard Cost

2. Quasi

3. Premium

4. Shareholders

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

1. Financial Assets

2. Financial Statement

3. Financial Interest

4. Capital Assets

26 / 50

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

1. Gain instrument

2. Object Code

3. Sales promotion

4. Debt instrument

27 / 50

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

28 / 50

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

1. Required Asset

2. Purchased Assets

3. Purpose statement

4. Financial Installment

29 / 50

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

1. Current account

2. Savings account

3. Sales account

4. Static account

30 / 50

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

1. Labour market

2. Shares

3. Money market

4. Debentures

31 / 50

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

AE.

1. Portability

2. Quick sort

3. Examination

4. Assessment

32 / 50

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

33 / 50

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

1. Four

2. Three

3. Five

4. Two

34 / 50

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

1. Alert confirmation

2. Debit Statement

3. Transaction alert

4. Transaction motive

35 / 50

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

36 / 50

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

1. Consolidated interest

2. Consolidated capital

3. Consolidated fund

4. Consolidated loan

37 / 50

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

1. Industrial accident or sickness

2. Industrial setback or backwardness

3. Industrial hit or run

4. Industrial weariness

38 / 50

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

39 / 50

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

1. Four steps

2. Three steps

3. One step

4. Two steps

40 / 50

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

41 / 50

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

42 / 50

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

43 / 50

AQ. 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 ………………..

44 / 50

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

45 / 50

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

46 / 50

AT. The money market is a market for __________

1. Long Debit Installment

2. Mid Term Instrument

3. Long Term Debt Instrument

4. Short Term Debt Instrument

47 / 50

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

1. N 1,600.00

2. N 1,500.00

3. N 1,650.00

4. N 1,050.00

48 / 50

AV. 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

49 / 50

AW. One factor that can make real estate investment to result in failure is the absence of ……………..

50 / 50

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

1. Opportunity Recognition stage

2. Opportunity Recognition strategy

3. Opportunity Demand stage

4. Opportunity Recognition technique

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