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Finance Quiz

Authored by Megha Kaushik

Business

12th Grade

Used 1+ times

Finance Quiz
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of public deposits?

To finance research and development

To finance short-term working capital needs

To finance long-term working capital needs

To finance fixed assets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a merit of public deposits according to the text?

Public deposits have no legal formalities

Public deposits have a charge on the fixed assets of the company

Public deposits incur high expenses compared to other methods

Public deposits bring flexibility in the capital structure of the company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a limitation of public deposits mentioned in the text?

Public deposits do not require a high credit rating

Public deposits have no limits on the amount that can be raised

Public deposits are always secure and safe

Public deposits may create financial problems due to sudden withdrawals

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an important merit of lease financing?

Lease financing does not enable the lessee to acquire the asset with a lower investment

Lease financing affects the debt raising capacity of an enterprise

Lease rentals paid by the lessee are not deductible for computing taxable profits

Lease financing provides finance without diluting the ownership or control of business

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a limitation of leasing finance according to the text?

Lease may result in lower payout obligation in case the equipment is not found useful

Lease agreement allows the lessee to make any alteration or modification in the asset

Lease renewal does not affect normal business operations

Lessee never becomes the owner of the asset

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the period for which companies accept public deposits?

1 month to 12 months

6 months to 36 months

2 years to 5 years

3 months to 24 months

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does public deposits not have according to the text?

Security

Limits on the amount that can be raised

Legal formalities

Charge on the fixed assets of the company

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