MCQ

Q12. In a group of 15, 7 have studied Latin, 8 have studied Greek, and
3 have not studied either. How many of these studied both Latin
and Greek
a) 0
b) 3
c) 4
d) 5
Q13.Each side of a rectangle is increased by 100% .By what percentage
does the area increase?
a) 300%
b) 350%
c) 200%
d) 400%
Q14. In a class, except 18 all are above 50 years. 15 are below
50 years of age. How many people are there:
a) 30
b) 33
Q4. Usman runs faster than Simran.
c) 36
Nargis runs faster than Usman.
d) None of these
Simran runs faster than Nargis.
Q15. Which of the following formulas is not entered correctly?
a)
=10+50
If the first two statements are true, the third statement is
b)
=B7*B1
a) False
c)
=B7+14
b) True
d) = 10+50
c) uncertain
Q16. The auto calculate feature
Q5. The first cell in Excel worksheet is labeled as:
a)
Can only add values in a range of cells
a) AA
b)
Provides a quick way to view the result of an arithmetic
b) A1
operation on a range of cells
c)
Automatically creates formulas and adds them to a worksheet
c) Aa
d)
A and c
d). A0
Q17.
To
view
a cell comment
Q6. 1 basis point is equal to:
a)
click the edit comment command on the insert menu
a) .1%
b)
click the display comment command on the window menu
b) .01%
c)
position the mouse pointer over the cell
c) .001%
d)
click the comment command on the view menu
d) 1%
e)
Q7. "Shareholder wealth" in a firm is represented by:
Q18. You can edit a cell by
a) the number of people employed in the firm.
a) Clicking the formula button
b) the book value of the firm's assets less the book value of its
b) Double clicking the cell to edit it in-place
c) Selecting Edit>Edit Cell from the menu
liabilities
d) None of above
c) the amount of salary paid to its employees.
Q19. Accounting is the process of matching
d) the market price per share of the firm's common stock.
a) Benefits and Costs
Q8. What are the earnings per share (EPS) for a company that earned
b)
b) Revenues and Costs
Rs. 100,000 last year in after-tax profits, has 200,000 common
c) Cash inflows and outflows
shares outstanding and Rs. 1.2 million in retained earnings at the
d) Potential and real performance
year end?
Q20.Management Accounting
a) Is a clerical work
a) Rs. 100,000 b) Rs. 6.00 c) Rs. 0.50 d) Rs. 6.5
b) Is accounting for future
Q9. Kanji Company had sales last year of Rs. 265 million, including cash
c) Is a recording technique of the management related transactions
sales of Rs. 25 million. If its average collection period was 36 days, its
d) Is an analysis of the past business activities
ending accounts receivable balance is closest to. (Assume a 365-day)
Q21. Which of the following is not available in the financial statement
a) Rs. 26.1 million
of a Company?
b) Rs. 23.7 million
a) Total Sales b) Total Profit and Loss c) Loss from Fire
c) c) Rs. 7.4 million
d) None of above
d) d) Rs. 18.7 million
Q22. If a machine account is debited with the amount of repairs incurred
Q10. Which of the following would be included in a cash estimation/
on the machine, this is an example of :
budget?
a) Compensating error
a) depreciation charges.
b) Error of principle
b) dividends.
c) Error of omission
d)
Error of commission
c) goodwill.
d) Patent Amortization
Q11.Find the number which when multiplied by 13 increased by 180:
a) 20
b) 15
Q23. Which of the following is an activity ratio?
c) 12
a) Debt equity ratio
d) 5
b) Creditors turnover ratio
Q1. The cell reference for cell range of G2 to M12 is:
a) G2.M12
b) G2;M12
c) G2,M12
d) G2:M12
Q2. A function inside another function is called:
a) Nested function
b) Round function
c) Sum function
d) Text function
Q3. Formulas in excel starts with:
a)
=
b)

c)
+
d)
%

c) Current asset ratio

d) Interest coverage ratio
Q24. In financial statements we provide for all the future losses but we
never account for future gains is based on the following:
a) Business entity concept
b) Going concern concept
c) Cost Concept
d) Conservatism concept
Q25. Which of the following is a source of fund?
a) Purchase of furniture
b) Repayment of bank loan
c) Issue of shares against purchase of land
d) Issue of debentures
Q26. Which of the following is a financing activity for a company?
a) Purchase shares of other company
b) Sale bonds of other company
c) Sale of an asset by the company
d) Issue of long term bonds
Q27. Interest due but not received represents
a) Real account
b) Personal account
c) Asset account
d) Nominal account
Q28. Stock inward comes in:
a) Debit side of trading account
b) Credit side of trading account
c) Debit side of P/L account
d) Credit side of P/L account
Q29. Discount on issues of shares is a:
a) Current asset
b) Fixed asset
c) Intangible asset
d) Fictitious asset
Q30. Contingency event is shown in the financial statements as:
a) Liability side of Balance sheet
b) Asset side of Balance sheet
c) Note to an account
d) None of these
Q31. Look at this series: 8, 6, 9, 23, 87, what number
should come next?
a)

324

b)

429

c)

128

d)

226

Q32. Statement : It is desirable to put the child in school at

the of 5 or so.
Assumptions :
I. At that age the child reaches appropriate level of
development and

Q33. Moon: Satellite:: Earth : ?

a)
b)
c)
d)

Sun
Planet
Solar System
Asteroid

Q34. Pointing to a photograph, a man said, "I have no

brother or sister
but that man's father is my father's son." Whose
photograph was it?
a)

His own

b)
c)
d)

His Son
His Father
His Grandfather

Q35. In a certain code, SIKKIM is written as THLJJL, how is

TRAINING
written in that code ?

c)
d)

a) SQBHOHOF
b) UQBHOIOF
UQBHOHOI
UQBHOHOF

Q36. When you insert an Excel file into a Word document, the data are
a) Hyperlinked
b) Placed in a word table
c) Linked
d) Embedded
Q37. What does the VLOOKUP function do?
a)

Looks up text that contain v

b)

Checks whether text is the same in one cell as in the next

c)

Finds related records

d)

All of above

Q38. Which of the following will not set text in selected cells to italics?
is ready to learn.
II. The schools do not admit children after six years of

age.
a)
b)
c)
d)
e)

a) Pressing Ctrl + I on the keyboard

Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Neither I nor II is implicit
Both I and II are implicit

b)

Using the Tools Wizard Web Form menu item

c) Using the Format Cells Font menu item

d)

None of the above

Q39. What is the probability of getting a sum 9 from two

throws of dice.

A.
B.
C.

a)
b)
c)
d)

1/3
1/9
1/12
2/9

Q40. Which of the following is the second name for the journal?
a)
b)
c)
d)

Book of default entries

Book of original entries
Book of detailed entries
Book of annual entries

Q41. Accounting is called the language of business

because__________:
a) It communicates the financial information to the Management only
b) In order to run a business one must have knowledge about accounts

c) Transferring the debits and credits to ledger

d) Transferring the debits and credits to journal
Q44. A firm has a capital of Rs.10,00,000, Sales of Rs.5,00,000, Gross Profit
Rs.2,00,000 and expenses Rs.1,00,000.What is Net profit ratio?
a)

20%

b)

10%

c)

30%

d)

40%

Q45. This is a provision which guarantee a companys top management immense

cash payment is the company is taken over:

c) Different business accounts are involved in financial statements

a)

Synergy

d) It helps to organize and communicate financial information to end

b)

Pill

c)

Golden Parachute

d)

Greenmail

users.
Q42. Generally speaking, investors want to buy shares at which of the
Follow5ing price?
a) At face value
b) Below face value
c) Above face value
d) At market value
Q43. Which of the following refers to the term posting?
a) The recording of transactions
b) The system of giving numbers to the accounts