CBT TEST

FIN 104 CBT PRACTICE

Take your time to read instructions before taking this test.

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

 

If you can get at least 60%, you can be rest assured that you’ll ace FIN 104 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

Please do well to use our comment box incase there’s a message you want to pass to us

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

 

FUOYE FRESHERS GENERAL GRP

https://chat.whatsapp.com/GmvH3J8FEfR1OeurIO0bhx

 

To get latest school updates 👇

 

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I remain your favorite education blogger 😉

 

❤️ Undergragra

FIN 104

1 / 40

1.

How do you define Saving?

 

2 / 40

2.

Which is not a characteristic of a cheque?

 

3 / 40

3.

Mathematically, Net Present Value of an investment is the

 

4 / 40

4.

Which organisation is responsible for issuing Commercial Papers?

5 / 40

5.

Which is not a way through which a bill can be discharged?

 

6 / 40

6.

What do you understand by Countermand in relation to cheques?

 

7 / 40

7.

What’s the maturity range of Treasury Certificates?

8 / 40

8.

When is a bill discharged?

 

9 / 40

9.

Which of the following is not a Money Market Instrument?

 

10 / 40

10.

Money market instruments deal on

11 / 40

11.

Pre-Keynesian economists argue that saving and investment are not equal for certain reasons except

 

12 / 40

12.

What is Marginal Propensity to Save?

 

13 / 40

13.

What main advantage has Electronic money over paper money?

14 / 40

14.

Which are the types of Bill Endorsement?

 

15 / 40

15.

What is the main distinguishing feature of an Open Cheque?

 

16 / 40

16.

Although Treasury Certificates are generally similar to Treasury Bills, how do they differ from each other?

17 / 40

17.

For an investment to be made there are various factors that must considered; which is not one of them?

 

18 / 40

18.

Table of Contents

What do you understand by Average Propensity to Save?

 

19 / 40

19.

What is Marginal Efficiency of Investment?

 

20 / 40

20.

Which is not a type of investment?

 

21 / 40

21.

Why is thriftiness often seen as a virtue?

 

22 / 40

22.

What is meant by Endorsement of a Bill of Exchange?

 

23 / 40

23.

What is Interbank Market?

              .

24 / 40

24.

What’s the maturity range of Treasury Bills?

25 / 40

25.

What do you understand by Marginal Efficiency of Capital?

 

26 / 40

26.

Who is not a party to a cheque?

 

27 / 40

27.

Identify parties in a bill of exchange transaction

 

28 / 40

28.

What’s Negotiable Certificate of Deposit?

 

29 / 40

29.

On what basis are bills not classified?

30 / 40

30.

Which organisation is responsible for issuing treasury bills and certificates?

31 / 40

31.

Isolate the alternative that is not a Money Market Institution

 

32 / 40

32.

What is the main distinguishing feature of a Crossed Cheque?

33 / 40

33.

What do you understand by Investment?

 

34 / 40

34.

What is Commercial Paper?

 

35 / 40

35.

What do you understand by Negotiable Instrument?

 

36 / 40

36.

What then is the paradox of thrift?

 

37 / 40

37.

What is the Present Value Criterion of Investment used for?

 

38 / 40

38.

Which artisan was the advent of paper money associated with?

39 / 40

39.

Who are the marketers of commercial papers?

 

40 / 40

40.

What do you understand by Money Aggregates?

 

Your score is

The average score is 40%

0%

Ace/Undergragra

Ace aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a passionate teacher, writer, educational consultant, and educational informant.
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