Question: What is a measure of the average speed with which accounts receivable are collected ?

• 1. Current ratio
• 2. Quick ratio
• 3. Acid test ratio
• 4. Receivable turnover

Question: The ratio of the net income before taxes to net sales is called __________________?

• 1. Current ratio
• 2. Inventory turnover
• 3. Profit margin ratio
• 4. Price-earnings ratio

Question: What do you call a one-time credit against taxes ?

• 1. Due credit
• 2. Tax credit
• 3. Credible credit
• 4. Revenue credit

Question: What is used when a quick estimate of the doubling time for the invested money is needed ?

• 1. Rule of 48
• 2. Rule of 36
• 3. Rule of 24
• 4. Rule of 72

Question: What is the increase in the money value of a capital asset is called?

• 1. Profit
• 2. Capital gain
• 3. Capital expenditure
• 4. Capital stock

Question: What is the reduction in the money value of capital asset is called ?

• 1. Capital expenditure
• 2. Capital loss
• 3. Loss
• 4. Deficit

Question: What refers to the negotiable claim issued by a bank in lien of a term deposit ?

• 1. Time deposit
• 2. Bond
• 3. Capital gain certificate
• 4. Certificate of deposit

Question: What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate______________?

• 1. Currency appreciation
• 2. Currency depreciation
• 3. Currency devaluation
• 4. Currency float

Question: The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ____________________?

• 1. Currency appreciation
• 2. Currency depreciation
• 3. Currency devaluation
• 4. Currency float

Question: What refers to the saving which takes place because goods are not available for consumption rather than consumer really want to save ?

• 1. Compulsory saving
• 2. Consumer saving
• 3. Forced saving
• 4. All of the above