Sources of Business Finance Test

Result

Sources of Business Finance Test - 32

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Weekly Quiz Competition

Question 1
1 / -0

Collection of dividend for their customers is the ________ type of function of the commercial banks

A
Primary function

B
Agency service

C
General utility service

D
None of the above
Question 2
1 / -0

In debenture account ________ is to be mentioned.

A
Name of the debenture

B
Rate of interest

C
Date of issue debenture

D
All of the above
Question 3
1 / -0

"Business finance includes those business activities which are concerned with the acquisition and conservation of capital funds in meeting the financial needs and overall objectives of business enterprise." This definition is given by -

A
B.O. Wheeler

B
Howard and Upton

C
ICSI

D
ICAI

Solution

According to the Wheeler, “Business finance is that business activity which are concerned with the acquisition and conversation of capital funds in meeting financial needs and overall objectives of a business enterprise”.
Finance also is referred as the provision of money at the time when it is needed. Finance function is the procurement of funds and their effective utilization in business concerns.
Question 4
1 / -0

The Rights Shares are allotted only to the existing ________ of the company.

A
equity shareholders

B
debenture shareholders

C
deposit holders

D
(B) & (C)

Solution

The Rights Shares are allotted only to the existing equity shareholders. of the company. The shareholders who existed from earlier have the right to subscribe there shares.
Question 5
1 / -0

SSI Sector contributes __________ of the Indian Exports.

A
$$25\% - 30\%$$

B
$$15\% - 20\%$$

C
$$45\% - 50\%$$

D
$$95\% - 100\%$$

Solution

SSI Sector contributes 45-50% of the Indian Exports. SSI stands for Small Scale Industry. Small scale industries refer to those industries where production process is carried on a small scale or micro scale.
Question 6
1 / -0

Which of the following traditional village industries possess the highest labour productivity?

A
Handicrafts

B
Sericulture

C
Coir

D
All of the above

Solution

Handicraft is the traditional village industries possesses the highest labor productivity. It means because of the handicraft industry many people from rural areas can get employed.
Hence, option (A) is the correct answer.
Question 7
1 / -0

The abbreviation of 'AGM' stands for_________.

A
Arranged General Meeting

B
Annual General Meet

C
Annual General Meeting

D
Arranged General Meet

Solution

The abbreviation of 'AGM' stands for Annual General Meeting. It refers to the meeting of shareholders and other members who are associated with the company.
Question 8
1 / -0

Debenture holders may receive ____ on their investment.

A
interest

B
dividend

C
bonus

D
(B) & (C)

Solution

Debentures are issued to the investors from which funds are raised. They are given debenture receipt as a promise of repayment of capital bearing a fixed rate of interest. Hence debenture holders receive interest on their investment.
Question 9
1 / -0

The basic goal of financial management is ___________.

A
Maximising the profit

B
Maximising shareholders' wealth in the long run

C
Maximising the rate of dividend

D
Minimising the business risk.

Solution

A company's most important goal is to make money and keep it. Profit-margin ratios are one way to measure how much money a company squeezes from its total revenue or total sales.
Question 10
1 / -0

Equity share holders may receive ____ on their investment.

A
interest

B
dividend

C
bonus

D
(B) & (C)

Solution

Equity share holders are the owners of the company, equity shares are also known as owner's share capital or owner's fund. Equity share holders may receive dividend and/or bonus. The profits that the company earns after the repayment of creditors and other liabilities is received by the equity share holders.

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Re-Attempt Weekly Quiz Competition

Sources of Business Finance Test - 32

Result

Sources of Business Finance Test - 32

Score

-

Rank

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SHARING IS CARING

Question 1

Primary function

Agency service

General utility service

None of the above

Question 2

Name of the debenture

Rate of interest

Date of issue debenture

All of the above

Question 3

B.O. Wheeler

Howard and Upton

ICSI

ICAI

Solution

Question 4

equity shareholders

debenture shareholders

deposit holders

(B) & (C)

Solution

Question 5

$$25\% - 30\%$$

$$15\% - 20\%$$

$$45\% - 50\%$$

$$95\% - 100\%$$

Solution

Question 6

Handicrafts

Sericulture

Coir

All of the above

Solution

Question 7

Arranged General Meeting

Annual General Meet

Annual General Meeting

Arranged General Meet

Solution

Question 8

interest

dividend

bonus

(B) & (C)

Solution

Question 9

Maximising the profit

Maximising shareholders' wealth in the long run

Maximising the rate of dividend

Minimising the business risk.

Solution

Question 10

interest

dividend

bonus

(B) & (C)

Solution

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