Sources of Business Finance Test

Result

Sources of Business Finance Test - 6

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Weekly Quiz Competition

Question 1
1 / -0

Assertion :Winged bean is widely cultivated in India.
Reason :Seeds of winged bean has low protein content.

A
If both the assertion and the reason are true and the reason is a correct explanation of the assertion

B
If both the assertion and reason are true but the reason is not a correct explanation of the assertion

C
If the assertion is true but the reason is false

D
If both the assertion and reason are false

E
If the assertion is false but reason is true
Question 2
1 / -0

Who is not eligible to be appointed as Debenture Trustee:

A
A Scheduled Bank

B
A Public Financial Institution

C
An Insurance Company

D
A partnership firm carrying on banking Business
Question 3
1 / -0

The following entry appears in the bools of Vikas Ltd
BankA/c 1,90,000
Loss on issue of Debenture A/c 26,000
To 9% Debentures A/c 2,00,000
To Premium on Redemption of Debentures A/c 16,000
Debentures have been issued at a discount of

A
10%

B
7%

C
6%

D
5%
Question 4
1 / -0

Which of the following statements is false?

A
A company can issue convertible debentures.

B
Debentures cannot be secured.

C
A company can issue redeemable debentures.

D
Debentures have no right to participate in profits over and above their fixed interest.
Question 5
1 / -0

Which of the following is correctly matched

A
Central Rice Research Institute- Shimla

B
National Botanical Research Institute- Delhi

C
Central Drug Research Institute- Cuttack

D
Central Food Technology Research Institute - Mysore
Solution
Correct option: D
Explanation:
Central Rice Research Institute was set up at Cuttack, Odisha.
National Botanical Research Institute is located at Lucknow, Uttar Pradesh.
Central Drug Research Institute is also present at Lucknow, Uttar Pradesh.
Hence, "Central Food Technology Research Institute - Mysore" is correctly matched.
Question 6
1 / -0

Debentures are preferred by investors who want _______ income at __________ risk.

A
fluctuating, lesser

B
fixed, lesser

C
fixed, higher

D
fluctuating, higher

Solution

The difference between the face value of the debenture and its purchase price is the return to the investor. Hence it is preferred by investors who want fixed income at lesser risk. There is a greater risk when the earnings of the company fluctuate.
Question 7
1 / -0

The essential features of a debenture includes __________.

A
It is certificate of acknowledgement of debt

B
It is issued under a common seal

C
It is a part of long term borrowing

D
all the the above
Question 8
1 / -0

Tick mark the correct answer.
Identify the source of finance that does not pose a burden on a company's finance.

A
Debentures

B
Public deposit

C
Loans from financial institutions

D
Retained earnings
Question 9
1 / -0

In Balance Sheet of a Company, Interest accrued and due on debentures appears under the head -

A
Share Capital

B
Reserves & Surplus

C
Current Liabilities

D
Non-Current Liabilities
Question 10
1 / -0

The person who deals in shares, debentures as independent operators are called as ____________.

A
brokers

B
jobbers

C
tarawaniwalas

D
manidiwalls

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Question Analysis

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Re-Attempt Weekly Quiz Competition

BankA/c	1,90,000
Loss on issue of Debenture A/c	26,000
To 9% Debentures A/c	2,00,000
To Premium on Redemption of Debentures A/c	16,000
Debentures have been issued at a discount of

Sources of Business Finance Test - 6

Result

Sources of Business Finance Test - 6

Score

-

Rank

-

SHARING IS CARING

Question 1

If both the assertion and the reason are true and the reason is a correct explanation of the assertion

If both the assertion and reason are true but the reason is not a correct explanation of the assertion

If the assertion is true but the reason is false

If both the assertion and reason are false

If the assertion is false but reason is true

Question 2

A Scheduled Bank

A Public Financial Institution

An Insurance Company

A partnership firm carrying on banking Business

Question 3

10%

7%

6%

5%

Question 4

A company can issue convertible debentures.

Debentures cannot be secured.

A company can issue redeemable debentures.

Debentures have no right to participate in profits over and above their fixed interest.

Question 5

Central Rice Research Institute- Shimla

National Botanical Research Institute- Delhi

Central Drug Research Institute- Cuttack

Central Food Technology Research Institute - Mysore

Solution

Question 6

fluctuating, lesser

fixed, lesser

fixed, higher

fluctuating, higher

Solution

Question 7

It is certificate of acknowledgement of debt

It is issued under a common seal

It is a part of long term borrowing

all the the above

Question 8

Debentures

Public deposit

Loans from financial institutions

Retained earnings

Question 9

Share Capital

Reserves & Surplus

Current Liabilities

Non-Current Liabilities

Question 10

brokers

jobbers

tarawaniwalas

manidiwalls

User

Question Analysis

My Perfomance

Score

-

Rank

-

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