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 sickness

2. Market-related backwardness

3. Market-related progress

4. Market-related set up

2 / 50

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

3 / 50

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

1. N 1,650.00

2. N 1,500.00

3. N 1,050.00

4. N 1,600.00

4 / 50

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

1. Marketing planning

2. Selling on credit

3. Shareholders

4. Buying on credit

5 / 50

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

1. Gain

2. Expenses

3. A loss

4. Credit

6 / 50

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

7 / 50

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

1. Accident

2. Loss

3. Flood

4. Lock down

8 / 50

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

9 / 50

I. 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 ……………….

10 / 50

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

11 / 50

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

12 / 50

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

1. Industrial weariness

2. Industrial accident or sickness

3. Industrial hit or run

4. Industrial setback or backwardness

13 / 50

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

1. Long-term and Medium-term

2. Short-term and Medium-term

3. Long-term and Short-term

4. Long-term and Limited-term

14 / 50

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

15 / 50

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

16 / 50

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

1. Frustrate employment

2. Generate employment

3. Stops employment

4. Generate unemployment

17 / 50

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

1. Static account

2. Sales account

3. Savings account

4. Current account

18 / 50

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

1. Debentures

2. Interest

3. Shares

4. Capital Allowance

19 / 50

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

1. Share sort

2. Share sold

3. Stock sold

4. Loan capital

20 / 50

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

1. Green chip securities

2. Red chip securities

3. Yellow chip securities

4. Blue chip securities

21 / 50

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

22 / 50

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

23 / 50

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

1. Common Shares

2. Capital Shares

3. Ordinary Shares

4. Jointed Shares

24 / 50

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

1. Purchased Assets

2. Financial Installment

3. Purpose statement

4. Required Asset

25 / 50

Y. 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

26 / 50

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

27 / 50

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

28 / 50

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

1. Derived asset

2. Double asset

3. Single asset

4. Multiple asset

29 / 50

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

1. Capital Assets

2. Financial Assets

3. Financial Statement

4. Financial Interest

30 / 50

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

1. Developing an old business site

2. Developing a new business site

3. Developing a budget strategy

4. Re-strategizing market plan

31 / 50

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

32 / 50

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

33 / 50

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

34 / 50

AH. The money market is a market for __________

1. Short Term Debt Instrument

2. Long Term Debt Instrument

3. Mid Term Instrument

4. Long Debit Installment

35 / 50

AI. 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

36 / 50

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

1. Limited Balance

2. Maximum balance

3. Minimum balance

4. Account Balance

37 / 50

AK. The fundamental purpose of investment is to generate ___________

38 / 50

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

39 / 50

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

1. Sales

2. Budget

3. Current

4. Savings

40 / 50

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

1. Macro Credit

2. Unlimited Credit

3. Micro Credit

4. Limited Capital

41 / 50

AO. ………………… 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.

42 / 50

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

43 / 50

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

1. 7 children

2. 8 children

3. 10 children

4. 9 children

44 / 50

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

45 / 50

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

1. Money market and Stock market

2. Capital market and Stock market

3. Capital market and Stock budget

4. Capital market and Commodity market

46 / 50

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

47 / 50

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

1. Consolidated capital

2. Consolidated loan

3. Consolidated fund

4. Consolidated interest

48 / 50

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

49 / 50

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

AW.

1. Portability

2. Assessment

3. Quick sort

4. Examination

50 / 50

AX. 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 _________

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