FINANCIAL REPORTING
(FR)
MCQS - UNIT 4
---> VALUE ADDED STATEMENTS
---> FINANCIAL REPORTING FOR MUTUAL FUNDS
---> CORPORATE SOCIAL RESPONSIBILITY
VALUE ADDED STATEMENTS
1) The market price of the output of an enterprise less the price of the goods and services acquired by transfer from other firm is called................
(A) Value Added
(B) Value Addition
(C) Gross Value Added
(D) None of the above
2) Net Value Added = Gross Value Added - ...............
(A) Tax
(B) Depreciation
(C) Cost
(D) Dividend
3) The difference between the Gross Value Added and Net Value Added is ............
(A) Investment
(B) Value Added
(C) Production Flow
(D) Depreciation
4) ........... is arrived at the deducting from sales revenue the cost of all materials and services which were brought in from outside suppliers.
(A) Gross Value Added
(B) Value Added
(C) Net Value Added
(D) Retained Profit
5) NVA = ..............................
(A) S-B-Dep.
(B) R+W+I+T+Div.
(C) Both A & B
(D) None of these
6) Value added statement is substitute the traditional income statement.- True or False.
(A) True
(B) False
(C) Partially True
(D) Partially False
7) Reporting of value added statement improves the attitude of ...............
(A) Company
(B) Management
(C) Employees
(D) Government
8) A company’s VA indicate the company’s contribution to .............
(A) Employment
(B) Income
(C) Per capital income
(D) National Income
9) Bank overdraft should be considered as .................
(A) Capital
(B) Expense
(C) Provision of a banking service
(D) Income
10) ................. makes easier for the company to introduce a productivity linked bonus scheme for employees.
(A) Value Added Statement
(B) Gross Value Added
(C) Net Value Added
(D) None of these
FINANCIAL REPORTING FOR MUTUAL FUNDS
11) .............. is a vehicle for collective investment.
(A) Mutual fund
(B) Insurance
(C) Investment fund
(D) None of these
12) .............. is an organization which sets up a MF organization.
(A) Sponsored
(B) Custodian
(C) Asset Management Company
(D) Trust
13) Who can become sponcerer ?
(A) Bank
(B) Financial Institutions
(C) Private & Public Ltd. companies
(D) None of these
14) Trust is established by ...............
(A) Custodian
(B) Company
(C) Sponcerer
(D) None of these
15) Which of the following keeps security in safe custody on behalf of M.F. Organization.
(A) Sponcerer
(B) Trust
(C) Asset Management Company
(D) Custodian
16) In which scheme, the mutual fund continuously offers to sell and repurchase its units at NAV?
(A) Open-ended scheme
(B) Close- ended scheme
(C) Interval Scheme
(D) None of these
17) Liquidity is the key feature of ............. scheme.
(A) Open ended
(B) Close ended
(C) Interval
(D) Liquidity
18) Which scheme have a fixed corpus and stipulated maturity period ranging between 2 to 5 years ?
(A) Open ended scheme
(B) Close ended scheme
(C) Interval scheme
(D) All of the above
19) ________ scheme combines the features of open ended and close ended schemes.
(A) Interval
(B) Combine
(C) Joint
(D) Open-Close
20) In which funds, the return and risk are lower ?
(A) Income funds
(B) Growth funds
(C) Balanced funds
(D) Money market mutual funds
21) The main objective of ...... funds is capital appreciation over the medium to long term.
(A) Income funds
(B) Growth funds
(C) Balanced funds
(D) Money market mutual funds
22) Which of the following funds provide capital appreciation and regular income ?
(A) Income funds
(B) Growth funds
(C) Balanced funds
(D) Money market mutual funds
23) Which funds provide high liquidity with low rate of return ?
(A) Income funds
(B) Growth funds
(C) Balanced funds
(D) Money market mutual funds
24) In which of the following funds, the securities are issued and traded in the domestic financial markets ?
(A) Domestic funds
(B) Offshore funds
(C) Balanced funds
(D) Income funds
25) Which fund attract foreign capital ?
(A) Income fund
(B) Growth fund
(C) Balanced fund
(D) Offshore fund
26) ............. funds mobilize resources from a particular geographical locality like a country or region.
(A) Income fund
(B) Growth fund
(C) Domestic fund
(D) Offshore fund
27) Which fund invest in core sectors like energy, IT, telecommunications, construction, etc.?
(A) Domestic fund
(B) Sectoral fund
(C) Offshore fund
(D) Gilt fund
28) Give the full form of SWP.
(A) Saving Withdrawal Policy
(B) Saving With Plan
(C) Saving Without Plan
(D) Systematic Withdrawal plan
29) Which schemes are designed on the basis of tax policy with special tax incentives to investors?
(A) Sectoral Scheme
(B) Tax saving scheme
(C) Equity linked saving scheme
(D) None of these
30) Give the full form of ELSS.
(A) Equity-Linked Savings Scheme
(B) Equity-Liability Saving Scheme
(C) Easy-Linked Saving Scheme
(D) Both A & B
31) In which of the following scheme, the investor can claim an income tax benefits ?
(A) Sectoral
(B) Tax saving scheme
(C) Equity linked saving scheme
(D) Index funds
32) ........ funds are provided liquidity support by the Reserve Bank.
(A) Sectoral Fund
(B) Gilt fund
(C) Index fund
(D) Domestic fund
33) .......... is a mutual fund which invests in securities in the index on which it is based BSE sensex or S & P CNX Nifty.
(A) Income fund
(B) Growth fund
(C) Gilt fund
(D) Index fund
34) Give the full form of NAV.
(A) New Asset Value
(B) Net Asset Value
(C) Net Assurance Value
(D) Net Accounting Value
35) ......... is the market value per unit of all the assets of the scheme.
(A) Net Asset Value of mutual fund scheme
(B) Net Asset Value per unit
(C) Cost of Investment
(D) Balance Sheet
36) ........... is a team of professionals & experts with the knowledge of investment activities.
(A) Sponcerer
(B) Trust
(C) Asset Management Company
(D) Custodian
37) Which fund provides safety of investments and regular income to investors ?
(A) Income funds
(B) Growth funds
(C) Balanced funds
(D) Money Market Mutual Funds
CORPORATE SOCIAL RESPONSIBILITY
38) ............ is a continuous commitment made by business to behave ethically and contribute to the economic development of the society and nation.
(A) Responsibility
(B) Social Responsibility
(C) Corporate Social Responsibility
(D) None of these
39) Which of the following activity is included in corporate social responsibility policies ?
(A) Promotion of education
(B) Ensuring environmental sustainability
(C) Social Business projects
(D) All of these
40) ............. is about how companies manage the business process to provide a overall positive impact on the society.
(A) Corporate Social Responsibility
(B) Company’s Responsibility
(C) Financial Responsibility
(D) National Responsibility
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