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

2 / 50

B. 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 technique

3. Opportunity Demand stage

4. Opportunity Recognition strategy

3 / 50

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

4 / 50

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

5 / 50

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

1. Selling on credit

2. Shareholders

3. Buying on credit

4. Marketing planning

6 / 50

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

7 / 50

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

1. Shares

2. Debentures

3. Interest

4. Capital Allowance

8 / 50

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

9 / 50

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

1. N 1,500.00

2. N 1,050.00

3. N 1,650.00

4. N 1,600.00

10 / 50

J. 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 _________

11 / 50

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

1. Double asset

2. Multiple asset

3. Single asset

4. Derived asset

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

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

1. Red chip securities

2. Green chip securities

3. Yellow chip securities

4. Blue chip securities

16 / 50

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

17 / 50

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

18 / 50

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

1. Credit

2. A loss

3. Expenses

4. Gain

19 / 50

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

1. Ordinary Shares

2. Capital Shares

3. Jointed Shares

4. Common Shares

20 / 50

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

1. Money market

2. Shares

3. Debentures

4. Labour market

21 / 50

U. 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 ……………….

22 / 50

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

1. Generate employment

2. Generate unemployment

3. Stops employment

4. Frustrate employment

23 / 50

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

1. 10 children

2. 9 children

3. 8 children

4. 7 children

24 / 50

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

25 / 50

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

26 / 50

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

1. Financial Assets

2. Financial Interest

3. Capital Assets

4. Financial Statement

27 / 50

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

28 / 50

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

1. Loan capital

2. Share sort

3. Stock sold

4. Share sold

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 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 ……………..

31 / 50

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

32 / 50

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

33 / 50

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

1. Long-term and Short-term

2. Short-term and Medium-term

3. Long-term and Limited-term

4. Long-term and Medium-term

34 / 50

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

1. Developing a new business site

2. Developing an old business site

3. Re-strategizing market plan

4. Developing a budget strategy

35 / 50

AI. The fundamental purpose of investment is to generate ___________

36 / 50

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

1. Negotiation

2. Founders’ insecurities

3. Founders’ securities

4. Founders’ strategy

37 / 50

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

AK.

1. Examination

2. Assessment

3. Quick sort

4. Portability

38 / 50

AL. 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

39 / 50

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

1. Two

2. Four

3. Five

4. Three

40 / 50

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

1. Purchased Assets

2. Required Asset

3. Financial Installment

4. Purpose statement

41 / 50

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

1. Sales promotion

2. Object Code

3. Gain instrument

4. Debt instrument

42 / 50

AP. 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 …………..

43 / 50

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

44 / 50

AR. 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 weariness

3. Industrial setback or backwardness

4. Industrial accident or sickness

45 / 50

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

46 / 50

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

1. Current

2. Savings

3. Budget

4. Sales

47 / 50

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

1. Limited Balance

2. Account Balance

3. Maximum balance

4. Minimum balance

48 / 50

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

1. Lock down

2. Flood

3. Loss

4. Accident

49 / 50

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

1. Consolidated interest

2. Consolidated loan

3. Consolidated fund

4. Consolidated capital

50 / 50

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

1. 60 days

2. 30 days

3. 40 days

4. 50 days

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