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

1. Current account

2. Savings account

3. Sales account

4. Static account

2 / 50

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

3 / 50

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

1. Capital Assets

2. Financial Statement

3. Financial Interest

4. Financial Assets

4 / 50

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

5 / 50

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

6 / 50

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

7 / 50

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

1. Credit

2. A loss

3. Expenses

4. Gain

8 / 50

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

9 / 50

I. 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 setback or backwardness

3. Industrial accident or sickness

4. Industrial weariness

10 / 50

J. 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 1,050.00

4. N 1,500.00

11 / 50

K. Risk which is insurable has how many characteristics?

1. Three

2. Four

3. Five

4. Two

12 / 50

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

1. 8 children

2. 10 children

3. 9 children

4. 7 children

13 / 50

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

14 / 50

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

1. Purpose statement

2. Required Asset

3. Financial Installment

4. Purchased Assets

15 / 50

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

16 / 50

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

17 / 50

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

1. Negotiation

2. Founders’ securities

3. Founders’ insecurities

4. Founders’ strategy

18 / 50

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

1. Capital Shares

2. Common Shares

3. Ordinary Shares

4. Jointed Shares

19 / 50

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

20 / 50

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

21 / 50

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

1. Shares

2. Debentures

3. Capital Allowance

4. Interest

22 / 50

V. 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 …………..

23 / 50

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

1. Developing a budget strategy

2. Re-strategizing market plan

3. Developing an old business site

4. Developing a new business site

24 / 50

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

1. Five

2. Three

3. Two

4. Four

25 / 50

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

1. Generate employment

2. Generate unemployment

3. Stops employment

4. Frustrate employment

26 / 50

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

27 / 50

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

28 / 50

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

1. Macro Credit

2. Limited Capital

3. Micro Credit

4. Unlimited Credit

29 / 50

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

1. Opportunity Recognition technique

2. Opportunity Demand stage

3. Opportunity Recognition strategy

4. Opportunity Recognition stage

30 / 50

AD. 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 ………………..

31 / 50

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

32 / 50

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

33 / 50

AG. 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

34 / 50

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

35 / 50

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

36 / 50

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

1. Flood

2. Loss

3. Accident

4. Lock down

37 / 50

AK. 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 ……………….

38 / 50

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

1. 60 days

2. 40 days

3. 30 days

4. 50 days

39 / 50

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

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

42 / 50

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

1. Consolidated fund

2. Consolidated capital

3. Consolidated interest

4. Consolidated loan

43 / 50

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

44 / 50

AR. 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 _________

45 / 50

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

1. Sales promotion

2. Gain instrument

3. Object Code

4. Debt instrument

46 / 50

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

47 / 50

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

AU.

1. Assessment

2. Examination

3. Portability

4. Quick sort

48 / 50

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

49 / 50

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

1. Debit Statement

2. Transaction alert

3. Transaction motive

4. Alert confirmation

50 / 50

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

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