Licentiate Exam IC89 - Management Accounting -19
Licentiate Exam IC89- Click Here To Start Mock Test
| Q1.____refers to the unit(s) responsible for preparation of budgets and application of budgetary control. |
| a) Budget center |
| b) Expense center |
| c) Cost center |
| d) Income center |
| Q2.Which ratio is the ratios between operating expenses(i.e. manufacturing overhead, office and selling expense) and sales? |
| a) Liquidity ratio |
| b) Activity ratio |
| c) Loss ratio |
| d) Operating ratio |
| Q3.The GATT was signed in 1947 and continued until 1994 when it was replaced by the____ in 1995. |
| a) Kyoto protocol |
| b) Davos World Economic Forum |
| c) World Trade Organisation |
| d) International Labour Organisation |
| Q4.What is also known as gilt-edged securities? |
| a) Bonds |
| b) Debentures |
| c) Shares |
| d) Government securities |
| Q5.Which Accounting standard says that Cash-flow statement shall be only under Direct Method? |
| a) Accounting standard 3 |
| b) Accounting st and ard 13 |
| c) Accounting standard 17 |
| d) Accounting standard 19 |
| Q6.__refers to the exchange rate, which is expressed by a pair of currencies in which none of the currencies is the currency of the country. |
| a) Cross rates |
| b) Bid |
| c) Offer |
| d) Spread |
| Q7.Depository receipts are issued to foreign investors by____. |
| a) Domestic Custodian |
| b) Overseas Depository Bank |
| c) Foreign Regulator |
| d) DR issuing company |
| Q8.Which ratio is named after Jack Treynor and it is a reward to volatility ratio? |
| a) Jensenamp;amp;rsquo;s Alpha |
| b) Treynor ratio |
| c) Fama’s Net Selectivity ratio |
| d) Sharpe and rsquo;s ratio |
| Q9.Calculate the expected rate of return for PSU Bonds using Rm(Market rate of the portfolio)? |
| a) 15.147% |
| b) 15.210% |
| c) 15.168% |
| d) 15.105% |
| Q10.Which of the following is a financial asset? |
| a) Equity shares |
| b) Debentures |
| c) G-Secs |
| d) All of the above |