IC89 MANAGEMENT ACCOUNTING EXAM
IC89 MANAGEMENT ACCOUNTING EXAM MOCK TEST-CLICK HERE
| Q1.Under which derivative products it provide the buyer the right, but not the obligation to exercise the contract under the terms specified? |
| a) Lock products |
| b) Option products |
| c) Forward products |
| d) Contract products |
| Q2.What is an integrated user-machine system designed for providing information to support functional process and control, management process and control, and decision-making process in a large organization? |
| a) Investment process |
| b) Budget |
| c) Management information system |
| d) Financial accounting |
| Q3.Equity shares, Corporate bonds/ debentures, government securities, bank deposits, Mutual fund investment, and Insurance policies are examples of which assets? |
| a) Financial assets |
| b) Real assets |
| c) Physical Assets |
| d) Fictitious Assets |
| Q 4. Which activities are the principal revenue-producing activities of a firm and other activities that are not investing or financing activities? |
| a) Investing activities |
| b) Operating activities |
| c) Cash flows |
| d) Financing activities |
| Q5.Which is also known as deferred delivery or deferred-payment instruments? |
| a) Financial market |
| b) Investment decision |
| c) Capital market |
| d) Financial Derivatives |
| Q6.What is the plan and process of designing, implementing, and operating on targets and controlling variances to complete the targets? |
| a) Forecast |
| b) Revenues |
| c) Deficit |
| d) Budgeting |
| Q7.I) It give moderate exposure in the stock market ii) Returns are tax-free iii) It has a high entry load- Commission is generally 30-40%. It all refers to? |
| a) Mutual funds |
| b) ULIPS |
| Q8.Few Accounting balances extracted from the financial statements and accounting schedules in annual reports of 2011-12 of Good Luck Life Insurance Co.Ltd. are given for purpose of accounting ratio analysis. From the above data and particulars, you are required to compute Maturity Claims of total income? |
| a) 18.72% |
| b) 25.26% |
| c) 36.25% |
| d) 45.98% |
| Q9.Which of the following is an example of a task carried out under Treasury functions? |
| a) Tax planning and management |
| b) Budgetary control |
| c) External reporting |
| d) Fund acquisition |
| Q10.Which of the following risks are avoidable through diversification? |
| a) Systematic risk |
| b) Unsystematic risk |
| c) Social or Regulatory risk |
| d) Purchasing power risk |