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CuriousTab

Accounting and Finance problems


  • 1. Is accounts receivable an asset or liability?
  • Also asked in: Analyst, Bank Clerk, Bank PO

  • Discuss
  • 2. Which of the following best describes term life insurance?

  • Options
  • A. The insured pays a premium for a specified number of years.
  • B. The insured is covered during his or her entire lifetime.
  • C. The insured pays the premium until his or her death.
  • D. The insured can borrow or collect the cash value of the policy.
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 3. The principle of diversification tells us that

  • Options
  • A. spreading an investment across many diverse assets will eliminate some of the total risk
  • B. concentrating an investment in two or three large stocks will eliminate all of the unsystematic risk
  • C. spreading an investment across five diverse companies will not lower the total risk
  • D. concentrating an investment in three companies all within the same industry will greatly reduce the systematic risk
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 5. What type of account is accounts receivable?

  • Options
  • A. Asset
  • B. Liability
  • C. Expense
  • D. Equity
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 7. Bad debt expense is reported on the income statement as
  • Also asked in: Analyst, Bank Clerk, Bank PO

  • Discuss
  • 8. Other things the same, when the interest rate rises

  • Options
  • A. people would want to lend less, making the supply of loanable funds decrease.
  • B. people would want to lend less, making the quantity of loanable funds supplied decrease.
  • C. people would want to lend more, making the supply of loanable funds increase.
  • D. people would want to lend more, making the quantity of loanable funds supplied increase.
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss
  • 10. Which one of the following is not a 'Money Market Instrument'?

  • Options
  • A. Commercial Paper
  • B. Equity Shares
  • C. Certificate of Deposit
  • D. Treasury Bills
  • Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO

  • Discuss

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