FYBFM - SEM I - MCQ

 Multiple Choice Questions

 MCQ  FOR EXAM APPEARING STUDENTS

 IMPORTANT MCQ QUESTIONS.................

 

 

AS PER UNIVERSITY OF MUMBAI SYLLABUS

 

 

Will be helpful to regular students of Mumbai university colleges who are going to give the online examinations of SEM I, and SEM III  class of students.

If it is helpful to you so also share it among your friends so that they will be also benefited from it.

 

ANSWERS ARE HIGHLIGHTED IN BOLD

F.Y.BFM- I SEM  

BUSINESS COMMUNICATION

 

1.

Vertical communication that flows from superior to subordinate is called as ________.

(2 points)

 

	⚫	Downward communication
	◯	Simple communication
	◯	Upward communication
	◯	Horizontal communication

 

2.

_______ Communication cannot be trusted fully.

(2 points)

 

	◯	Vertical
	◯	Diagonal
	◯	Horizontal
	⚫	Grapevine

 

3.

A resume is accompanied by ______   letter.

(2 points)

 

	⚫	covering
	◯	appointment
	◯	testimonial
	◯	open

 

4.

_______   media blurs private/public boundries.

(2 points)

 

	◯	Business
	◯	entertainment
	⚫	social
	◯	journalistic

 

5.

The fastest means of communication is ___________.

(2 points)

 

	◯	vertical
	◯	Horizontal
	⚫	Grapevine
	◯	Diagonal

 

6.

Barriers caused due to time and distance are called ____________.

(2 points)

 

	⚫	physical barrier
	◯	cross cultural barrier
	◯	psychological barrier
	◯	language barrier

 

7.

Semantic barriers is also called as _________.

(2 points)

 

	◯	Personal barrier
	◯	cultural barriers
	⚫	language barriers
	◯	physical barriers

 

8.

____________ are wireless devices that use radio waves to transmit sounds.

(2 points)

 

	⚫	Mobiles
	◯	Fax
	◯	Telegrams
	◯	Radio

 

9.

______ is art of influencing the minds of listener.

(2 points)

 

	⚫	Persuasion
	◯	Instruction
	◯	Information
	◯	Advice

 

10.

A ________ is an electronic device that is used to organize,modify  and generate information.

(2 points)

 

	◯	Radio
	◯	Fax
	⚫	Computer
	◯	Telephone

 

11.

_______ reveals the identity of sender in letter.

(2 points)

 

	◯	subject line
	◯	salutation
	◯	signature
	⚫	head address

 

12.

E mail can be sent with the click of ________.

(2 points)

 

	◯	laptop
	◯	computer
	◯	Tool
	⚫	mouse

 

F.Y.BFM- I SEM  

BUSINESS ENVIRONMENT

 

1.

Business and its environment are________

(2 points)

 

	◯	Unrelated
	◯	Joint
	⚫	Inseparable
	◯	Separable

 

2.

Business Environment is ___________

(2 points)

 

	◯	Static
	⚫	Dynamic
	◯	Complex
	◯	Simple

 

3.

____________ Audit helps in evaluating business activities in terms of social benefits.

(2 points)

 

	◯	Human resource
	◯	Commercial
	⚫	Social
	◯	Compulsory

 

4.

Business is a form of ___________ activity.

(2 points)

 

	◯	Simple
	⚫	Time bound
	◯	Rigid
	◯	Complicated

 

5.

Globalization refers to __________

(2 points)

 

	◯	Lower income worldwide
	◯	Global warming & their effects
	⚫	A more integrated and interdependent world
	◯	Less foreign trade & investment

 

6.

While selecting of line a business, an entrepreneur must keep in his mind

(2 points)

 

	◯	Risk involved
	⚫	All above
	◯	Profits
	◯	Profitability

 

7.

Which one is not function of an entrepreneur ?

(2 points)

 

	⚫	Shutting down the existing business
	◯	Resourcing
	◯	Turning idea into action
	◯	Feasibility study

 

8.

If exports are greater than imports than balance of trade is ________

(2 points)

 

	⚫	Positive
	◯	Negative
	◯	All of the above
	◯	Balanced

 

9.

Internal components of Business Environment gives,____________and weaknesses.

(2 points)

 

	◯	Opportunities
	⚫	Strengths
	◯	All of the  above
	◯	Threats

 

10.

Business Ethics helps to ____________ethical decision making.

(2 points)

 

	◯	Identify
	◯	Clear
	⚫	Improve
	◯	Dynamic

 

11.

Which one of them is not an importance of entrepreneur ?

(2 points)

 

	◯	Contributes towards research
	◯	Provides employment to the people
	⚫	Provides self sufficiency
	◯	Creates wealth for the nation

 

12.

__________ audit is a report of economic performance.

(2 points)

 

	◯	Human resource
	◯	Social
	◯	Political
	⚫	Commercial

 

F.Y.BFM- I SEM

 BUSINESS MATHEMATICS

 

1.

If a : b = 2:3 and b:c= 2:3 then a:b:cis

(2 points)

 

	◯	2 : 4 : 3
	◯	2 : 5 : 9
	⚫	4 : 6 : 9
	◯	2 : 6 : 9

 

2.

The inverse ratio of 9:4 is

(2 points)

 

	⚫	4 : 9
	◯	1/4 : 1/9
	◯	1 : 36
	◯	3 : 2

 

3.

A Rs. 10 share at a 10% premium has a market price of Rs. ___________

(2 points)

 

	◯	20
	◯	9
	⚫	11
	◯	0

 

4.

An agent who guarantees the collection of dues from the customer is called ___________

(2 points)

 

	◯	broker
	◯	guarantor
	◯	auctioneer
	⚫	del credere

 

5.

The fee levied by a mutual fund scheme on an investor at the time of purchasing units is called

(2 points)

 

	◯	purchasing load
	⚫	entry load
	◯	surcharge
	◯	buying load

 

6.

The accumulated amount after 3 years of an immediate annuity of Rs. 5,000 p.a. with interest rate of rate of 6% compounded annually is Rs. ___________

(2 points)

 

	◯	15,900
	⚫	15,918
	◯	15,921.23
	◯	15,000

 

7.

Commission is usually calculated as a percentage of ___________

(2 points)

 

	◯	list price
	◯	invoice price
	◯	cost price
	⚫	net selling price

 

8.

The fee levied by a mutual fund scheme on an investor at the time of redeeming units is called

(2 points)

 

	◯	redemption charge
	◯	exit fee
	⚫	exit load
	◯	investor penalty

 

9.

The invoice price minus the cash discount is called the ___________

(2 points)

 

	◯	List price
	⚫	Net selling price
	◯	Cost price
	◯	Reduced list price

 

10.

Trade discount is usually calculated as a percentage on the ___________

(2 points)

 

	◯	invoice price
	◯	cost price
	◯	net selling price
	⚫	list price

 

11.

EMI stands for

(2 points)

 

	◯	Equal Monetary Installment
	⚫	Equated Monthly Installment
	◯	Equated Monthly Investment
	◯	Equal Monetary Investment

 

12.

The broker usually charges the brokerage as a percentage of the ___________of the share

(2 points)

 

	◯	legal value
	◯	face value
	◯	par value
	⚫	market value

 

F.Y.BFM- I SEM

 ECONOMICS

 

1.

The supply curve in the market period is always____________

(2 points)

 

	◯	relatively elastic
	◯	perfectly elastic
	◯	relatively inelastic
	⚫	perfectly inelastic

 

2.

Econometric method combine economics and ___________

(2 points)

 

	⚫	statistics
	◯	history
	◯	jurisprudence
	◯	law

 

3.

In a perfect market the demand curve is ___________ sloping.

(2 points)

 

	◯	upward sloping
	⚫	horizontal to quantity axis
	◯	downward sloping
	◯	horizontal to price axis

 

4.

an isoquant represents various combinations of two inputs giving the__________ level of output

(2 points)

 

	◯	less
	◯	different
	⚫	same
	◯	more

 

5.

kinky demand curve is a special feature of __________ market.

(2 points)

 

	◯	perfect competition
	◯	monopolistic competition
	⚫	oligopoly
	◯	monopoly

 

6.

the law of increasing Returns operates when the marginal product is __________

(2 points)

 

	◯	decreasing
	◯	negative
	◯	constant
	⚫	increasing

 

7.

for all neutral goods the income elasticity is _______________

(2 points)

 

	◯	infinite
	◯	<1
	⚫	zero
	◯	>1

 

8.

The concept of group was introduced by prof. ____________

(2 points)

 

	⚫	Edward Chamberlin
	◯	Alfred Marshall
	◯	Adam Smith
	◯	Paul Sweezy

 

9.

Increase in demand is shown by a/an ___________ in demand curve.

(2 points)

 

	◯	downward shift
	◯	downward movement
	◯	upward movement
	⚫	upward shift

 

10.

______________ concept indicates the change in total revenue and total cost due to unit change.

(2 points)

 

	◯	average
	⚫	marginal
	◯	incremental
	◯	variable

 

11.

isoquants___________ intersect each other

(2 points)

 

	◯	do
	⚫	do not
	◯	may not
	◯	may

 

12.

_______________ curve is called as envelope curve

(2 points)

 

	◯	average product curve
	⚫	long run average Cost curve
	◯	marginal product curve
	◯	short run average cost curve

F.Y.BFM- I SEM  

FINANCIAL ACCOUNTING

 

1.

An individual is considered to be _______ when his assets are more than his liabilities or atleast equal to his liabilities.

(2 points)

 

	◯	insolvent
	◯	unbalanced
	⚫	solvent
	◯	bankrupt

 

2.

.___________ are heavily incurred and the benefits of which are likely to be available next year or couple of years.

(2 points)

 

	◯	capital expenditure
	◯	revenue expenditure
	◯	capital receipts
	⚫	deferred revenue expenditure

 

3.

.__________________ is a measure of the wearing out ,consumption or other loss of value of a depreciable asset arising from effluxion of time or obsolescence  and market changes.

(2 points)

 

	◯	realization
	⚫	depreciation
	◯	appreciation
	◯	revaluation

 

4.

Accounting for self constructed assets is covered by:

(2 points)

 

	⚫	AS 10
	◯	AS 8
	◯	AS 6
	◯	AS 9

 

5.

If the stock of goods remain unsold at the end of the year then it is valued at

(2 points)

 

	◯	cost
	⚫	cost or market value whichever is lower
	◯	cost or market value whichever is higher
	◯	market value

 

6.

All incomes generally have ________ balance

(2 points)

 

	◯	negative
	⚫	credit
	◯	debit
	◯	positive

 

7.

Wages paid for building extension is ___________

(2 points)

 

	◯	capital receipts
	◯	deferred revenue expenditure
	⚫	capital expenditure
	◯	revenue expenditure

 

8.

All expenses generally have a _________ balance.

(2 points)

 

	◯	zero
	◯	negative
	◯	credit
	⚫	debit

 

9.

.__________ deals with property or real assets like building, furniture, machinery  goods, casg etc.

(2 points)

 

	◯	Personal A/c
	◯	Nominal A/c
	◯	capital A/c
	⚫	Real A/c

 

10.

Sometimes  bank allows trader to withdraw more money than what he has deposited with the bank. This facility is called_________

(2 points)

 

	⚫	overdraft
	◯	loan
	◯	credit facility
	◯	deposit

 

11.

Small expenses of daily routine business are recorded in ___________.

(2 points)

 

	◯	purchase book
	◯	cash book
	⚫	petty cash book
	◯	expense book

 

12.

.___________ means that the accounts must be prepared honestly and they must disclose all material information.

(2 points)

 

	◯	conservatism
	⚫	full disclosure
	◯	entry concept
	◯	consistency

F.Y.BFM- I SEM

 INTRODUCTION TO FINANCIAL SYSTEM

 

1.

__________ Regulates The Mutual Funds Industry In India.

(2 points)

 

	◯	MMMFS
	◯	SEC
	⚫	AMFI
	◯	MCX

 

2.

When A Financial Instrument Is First Issued It Is Sold In The _________ Market.

(2 points)

 

	◯	Capital Market
	⚫	Primary market
	◯	Money Market
	◯	Secondary Market

 

3.

The First Tire __________think of starting a mutual fund.

(2 points)

 

	◯	Trustee
	⚫	Sponsor
	◯	Custodian
	◯	AMC

 

4.

___ Is The Regulatory Body For Pension Funds.

(2 points)

 

	◯	Fee Based
	◯	Close
	⚫	Open
	◯	Fund Based

 

5.

Purchasing more than one policy for the same subject is ____________

(2 points)

 

	⚫	Reinsurance
	◯	Underwriting
	◯	Value Policy
	◯	Double Insurance

 

6.

___________ was established for providing credit promotion of agricultural

(2 points)

 

	⚫	NABARD
	◯	Stock Exchange
	◯	Agricultural Committee
	◯	IBRDS

 

7.

__________- Market Is A Wholesale Market Of Short Term Debt Instruments.

(2 points)

 

	◯	T+5
	◯	T+4
	⚫	T+2
	◯	T+3

 

8.

In marine Insurance Policy is _____________for one trip policy

(2 points)

 

	◯	Time Policy
	◯	Mixed Policy
	◯	Value Policy
	⚫	Voyage Policy

 

9.

A __________ Is An Organization Which Holds Securities Of Investors In Electronic Form.

(2 points)

 

	⚫	Financial System
	◯	British Financial System
	◯	UK Financial System
	◯	U.S Financial System

 

10.

__________ Are Investors Who Try To Profit From Inefficiencies In The Market By Making Simultaneous Trades.

(2 points)

 

	⚫	MCX
	◯	MMMFS
	◯	AMFI
	◯	SEC

 

11.

Junk bonds have low ______rating.

(2 points)

 

	◯	Debit
	⚫	Credit
	◯	Hire Purchase
	◯	Venture Capital

 

12.

_______securities are issued by government

(2 points)

 

	⚫	Gilt edged
	◯	Equity
	◯	Index
	◯	Debt