Evangeline MCQ
Evangeline MCQ
Evangeline MCQ
a) 5%
b) 12%
c) 18%
d) 28%
Answer: a) 5%
a) Prime Minister
b) President of India
c) Finance Minister
a) Manual Banking
b) Modern Banking
c) Mobile Banking
d) Modular Banking
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5. What is a dividend?
a) Ordinary shares
b) Preference shares
c) Convertible shares
d) Equity shares
7. What is the primary goal of an investor when investing in the stock market?
b) To avoid taxes
a) Stocks
b) Bonds
c) Real Estate
d) Savings accounts
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9. What is the primary function of the capital market?
11. Which document must an insurance policyholder typically submit to initiate a claim?
b) Policy schedule
c) Claim form
12. What document serves as proof of insurance coverage and includes details such as policy
limits and deductibles?
a) Insurance policy
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Answer: a) Insurance policy
a) Delegation of tasks
14. Which management function involves assigning tasks, grouping tasks into departments,
and allocating resources?
a) Planning
b) Leading
c) Organizing
d) Evaluating
Answer: c) Organizing
d) Dissolution of a partnership
16. What is the primary reason for businesses to pursue mergers and acquisitions?
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d) To eliminate employee positions
17. What is the difference between a secured loan and an unsecured loan?
a) Commercial banks
b) Credit unions
c) Government agencies
d) Microfinance institutions
b) A collection of products that serve similar needs and are marketed together
Answer: b) A collection of products that serve similar needs and are marketed together
20. Which pricing strategy involves setting a high initial price to capitalize on early adopters?
a) Penetration pricing
b) Skimming pricing
c) Discount pricing
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d) Psychological pricing
21. What is the relationship between a principal and an agent under the Law of Agency?
d) Fiduciary relationship
22. Under what circumstances can an agent be personally liable for a contract entered into on
behalf of a principal?
23. What is the term for the cost of goods sold (COGS) excluding labour and overhead costs?
24. How does the use of automation affect labour costs in manufacturing?
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c) Increases training costs for employees
d) Reduces productivity
27. Which protocol is used for sending and receiving emails over the internet?
a) HTTP
b) FTP
c) SMTP
d) TCP
Answer: c) SMTP
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c) Digital Hosting Control Protocol
a) Gross profit
b) Net income
c) Current liabilities
d) Operating expenses
30. In the context of final accounts, what does "closing entries" refer to?
a) Entries made to close temporary accounts and transfer their balances to the capital
account
b) Entries made to open new accounts for the next accounting period
Answer: a) Entries made to close temporary accounts and transfer their balances to the
capital account
a) Revenue account
b) Expense account
c) Liability account
d) Asset account
32. In hotel accounting, which department typically incurs costs related to housekeeping and
maintenance?
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a) Front Office
c) Housekeeping
d) Marketing
Answer: c) Housekeeping
33. What is the primary purpose of the new issue market in finance?
34. Which term refers to the process of offering new securities to the public for the first time?
a) Secondary market
b) Primary market
c) Tertiary market
d) Over-the-counter market
35. Which of the following is considered income from other sources under tax laws?
a) Salary
b) Business income
c) Rental income
d) Dividend income
36. Interest earned on which of the following is considered income from other sources?
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a) Savings account
b) Salary
c) Business profits
d) Capital gains
37. Which costing method treats fixed manufacturing overhead as a period cost rather than a
product cost?
a) Marginal costing
b) Absorption costing
c) Variable costing
d) Activity-based costing
38. In which costing method are fixed manufacturing overhead costs fully absorbed into the
cost of each unit produced?
a) Marginal costing
b) Absorption costing
c) Direct costing
d) Standard costing
39. Which type of financial institution primarily provides loans to individuals and
businesses?
a) Commercial bank
b) Investment bank
c) Credit union
d) Hedge fund
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Answer: a) Commercial bank
40. Which financial institution typically facilitates trading in securities, mergers, and
acquisitions for corporate clients?
a) Commercial bank
b) Investment bank
c) Credit union
d) Mutual fund
41. Which type of accounting voucher is used for recording cash transactions?
a) Payment voucher
b) Receipt voucher
c) Journal voucher
d) Purchase voucher
a) Payment voucher
b) Receipt voucher
c) Journal voucher
d) Sales voucher
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d) Decrease regulatory compliance
b) Short-term profitability
c) Stakeholder interests
d) Competitive advantage
a) one
b) Infinity
c) zero
Answer: c) zero
a) JB Clark
b) Adam Smith
c) Alfred Marshal
d) David Ricardo
Answer: a) JB Clark
a) Hospital
c) Transport firms
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d) Brick laying firms
a) Material Purchase
b) Material in stock
c) Material Consumed
d)Material wasted
a) Nominal a/c
b) Personal a/c
c) Real a/c
d)Trading a/c
a) Royalty account
b) Landlord account
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