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. Capital gains are generated from an appreciation on the value of-------------------
2 / 50
B. How much allowance is provided per child in the Personal Income Tax Act (PITA)?
3 / 50
C. Another name for Contingency fund is ----------------------------
4 / 50
D. A value investor buys undervalued securities while he sells …………… out of his investment portfolio in the capital market.
5 / 50
E. …………….. stages are involved in venture round financing being provided by venture capitalists.
6 / 50
F. _________ is the process of converting a new idea or technology into a business undertaking.
7 / 50
G. 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 ………………..
8 / 50
H. Motor vehicle insurance protects the policyholder against financial loss in the event of an-------------------------------
9 / 50
I. Liquidity means the ease with wish an investment can be converted into _________
10 / 50
J. One advantage of diversification is ……………..
11 / 50
K. Which of the followings is a money market instrument?
12 / 50
L. ………………… Refers to the increase in the investor’s equity ratio as the portion of debt service payments devoted to principal accrue over time.
13 / 50
M. Disability insurance police provide financial support in the event of the policyholder becoming unable to work because of--------------------------------
14 / 50
N. A common name for Gold, Silver, Platinum, Diamond and Copper is ……………..
15 / 50
O. The major benefit from investment is the return on the __________
16 / 50
P. The different methods of saving money is classified into ------------------------
17 / 50
Q. 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 ……………….
18 / 50
R. Risk which is insurable has how many characteristics?
19 / 50
S. 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 ……………..
20 / 50
T. The main advantage of the hedge is that it lowers the risk of an ………….
21 / 50
U. The ------------------account attracts commission on turnover (COT).
22 / 50
V. ________ refers to a form of investment that has some relative limited liquidity when compared to other forms of investment
23 / 50
W. The two sections that make up the Financial market are ____________
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---------------------------
26 / 50
Z. The fundamental purpose of investment is to generate ___________
27 / 50
AA. In property investment, a large portion of purchase price is through debt instrument such as: __________
28 / 50
Which of the following is not a step in personal financial planning process?
AB.
29 / 50
AC. The strategic role of the Entrepreneur in creating a new venture revolves around ---------------------------------------
30 / 50
AD. Savings accounts holders are restricted in withdrawing their money by leaving ________
31 / 50
AE. One factor that can make real estate investment to result in failure is the absence of ……………..
32 / 50
AF. According to economists, Investment is regarded as savings embarked upon as a result of __________
33 / 50
AG. …………….. market exists for the purpose of mobilization and intermediation of fund.
34 / 50
AH. Futures are derivatives in which the contracts to buy or sell a specific asset on a future date at a price …………….
35 / 50
AI. …………….. refers to the amount of funds in the structure of the capital that is borrowed from outside sources of financing.
36 / 50
AJ. Which of the following is not a reason for building personal cash flow?
37 / 50
AK. Usually, higher level-of-return investments are associated with higher ___________
38 / 50
AL. The maturity period for Treasury bills is--------------------
39 / 50
AM. Personal Financial planning process involves -------------------------------steps
40 / 50
AN. …………… refers to the owners’ contribution to the capital funding of the business
41 / 50
AO. …………. Is the practice of taking advantage of a price difference between two or more financial markets
42 / 50
AP. Investment is very important because it could be used to -------------------------
43 / 50
AQ. Diversification is a technique that reduces ………….. by allocating investments among various financial instruments.
44 / 50
AR. In finance, an investment involves utilization of funds in acquisition of financial assets such as financial securities and ________
45 / 50
AS. Child’s allowance is given subject to maximum number of -----------------------
46 / 50
AT. The market for long term credit is-------------------------
47 / 50
AU. Which of the following accounts attracts interest payment to the account holder?
48 / 50
AV. Financial products, like Stock, Bonds, Treasury bills, and Treasuring certificate floated by Government is known as --------------------------
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. Workers’ compensation insurance replaces all or part of a worker’s wages lost and accompanying medical expenses incurred because of _________
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