Category: BFN203



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!


1 / 50

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

2 / 50

B. 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 ……………….

3 / 50

C. 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 ………………..

4 / 50

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

5 / 50

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

6 / 50

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

7 / 50

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

8 / 50

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

9 / 50

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

10 / 50

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

11 / 50

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

12 / 50

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

13 / 50

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

14 / 50

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

15 / 50

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

16 / 50

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

17 / 50

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

18 / 50

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

19 / 50

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

20 / 50

T. 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 ……………..

21 / 50

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

22 / 50

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

23 / 50

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

24 / 50

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

25 / 50

Y. 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 _________

26 / 50

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

27 / 50

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

28 / 50

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

29 / 50

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

30 / 50

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

31 / 50

AE. One advantage of diversification is ……………..

32 / 50

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

33 / 50

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

34 / 50

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

35 / 50

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

36 / 50

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

37 / 50

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

38 / 50

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

39 / 50

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

40 / 50

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

41 / 50

AO. 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 …………..

42 / 50

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

43 / 50

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

44 / 50

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

45 / 50

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





46 / 50

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

47 / 50

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

48 / 50

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

49 / 50

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

50 / 50

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

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