IC89 - MANAGEMENT ACCOUNTING-04
| Q1.The investors of Mutual funds are known as __. |
| a) Customer |
| b) Agents |
| c) Unit - holders |
| d) Policyholders |
| Q2.ABC Ltd is planning for investment in an Engineering project requiring a capital outlay of Rs.3,00,00. The project analyst and evaluator have estimated the following annual earning after depreciation, but before tax: The annual profit before tax(PBT) shown in the above schedule has been arrived after charging 20% Depreciation on the original project cost(I.e. On Straight-line Method) and is subject to Tax @50% of the net income. Calculate Profitability Index? |
| a) 1.53 |
| b) 2.86 |
| c) 4.65 |
| d) 6.21 |
| Q3.In which phase for the purpose of maximization of wealth of the shareholders, the financial management has developed many models and methods to encompass certain critical issues like investment decision, Working capital management, and Dividend decisions? |
| a) Critical phase |
| b) Traditional phase |
| c) Modern phase |
| d) None of these |
| Q4.Under which form the Statement of Investment Asset(Life insurer-Quarterly) should submit within 30 days of the end of the quarter verified by the Principal officer of Chief of investment? |
| a) Form 1 |
| b) Form2 |
| c) Form3A |
| d) Form 3B |
| Q5._______ represent long-term debt instruments. |
| a) Equity shares |
| b) Bonds and Debentures |
| c) Real Asset |
| d) Preference shares |
| Q6. Which funds focus only on stocks from a certain sector such as healthcare, technology, financial services, etc? |
| a) Sector funds |
| b) Large-cap funds |
| c) Index funds |
| d) Equity funds |
| Q7.Corporate financial management uses financial statement analysis for which of the following purposes? |
| a) Strategic decision making |
| b) Financial risk analysis |
| c) Financial planning |
| d) All of the above |
| Q8.The first step of budgetary control is the _____ which is a formal statement showing allocation of financial resources for different products, estimated revenue collection from them in consideration of financial resources allocated or budgeted expenditure thereof in a given period of time. |
| a) Functional responsibility |
| b) Evaluation of budget |
| c) Preparation of budget |
| d) None of these |
| Q9.An insurer carrying on general insurance business shall comply with the requirements of ___ to prepare financial statements. |
| a) Schedule A |
| b) Schedule B |
| c) Schedule C |
| d) Schedule D |
| Q10.Which is an international organization, which was conceived and devised in 1944 at the Bretton Woods Conference and formally created in 1945 in Washington? |
| a) International Monetary Fund |
| b) Reserve Bank of India |
| c) Insurance Regulatory and Development Authority of India |
| d) None of these |