Graduate Certificate in Financial Planning CCTX 532 Taxation 2 CCLW 511 Law CEN2 505 Product Commercialization NOTE: Prerequisite to course Required Course CFIN 501 Retirement, Estate and Tax Planning Pre-requisite to program CCTX 511 Taxation 1 CPD2 505 Risk Management and Insurance . Fixed overheads £75,000 This book covers the following topics: Income Tax in India, Income Exempt from Income Tax, Income from Salaries, Income from House Property, Income from Business or Profession, Capital Gains, Income from Other Sources, Clubbing of Incomes, Deduction from Gross Total Income, Computation of Tax Liability of Individuals. Answer: b, Which of the following is not a credit management decision? CGT liabilities on disposal of investments • Erica owns a portfolio of shares. Answer: a, Which of the following would be classified as a sunk cost? Answer: d, Interest on a debt of £500 is to be charged at 8% per annum. (d) Internal rate of return Answer: b, The Internet facilitates financial planning by providing (d) Discount factor ANSWER: c) Profit & Loss Statement and Balance sheet . (b) increase; repay existing Even you can take this financial planning quiz for kids as well. Is – CBDT 61. Answer: c, Which of the following would be used in a capital investment decision? B. COM SEMESTER 5- MCQ FINANCIAL MANAGEMENT 1. 9. Financial Statements - MCQs with answers 1. _Hasync.push(['Histats.start', '1,3926547,4,408,270,55,00011111']); Interest on a debt of £500 is to be charged at 8% per annum. Answer: c, The discount rate that results in an NPV of zero is known as: Answer: b, 8. The finance bill makes the amendment in the form of omissions, insertions and substitutions in the Income Tax Act _____. (b) Equipment required for new product launch 6. (c) Cost of alternative investment Home \ MCQ on Fiscal System – Indian economy > GK Question Answer [PDF] Please Subscribe For More Update: GKArea. Answer: a, Having a __________ level of future wealth (from more savings) requires you to sacrifice by having a __________ level of spending today. (b) Factory maintenance. Answer: a, Your __________ is (are) the value of what you own minus the value of what you owe. (a) What is your net worth? Members In Business Financial Reporting Practices Integrated Reporting Enterprise Development. Selling price £12 Answer: a, If your income exceeds the amount that you wish to spend, you should __________ your investments or __________ loans. (a) Customer Upload. 59. _Hasync.push(['Histats.track_hits', '']); (d) Fixed overheads (b) 3,778 units. Answer: d, __________ is access to funds to cover any short-term cash deficiencies. A short summary of this paper. Answer: a, Which of the following is the least likely way that you may benefit from having an understanding of personal finance? __________ planning involves determining how much you should set aside each year for retirement and how you should invest those funds in the short term. If the selling price were increased by 25% then the break-even level would now be: (a) the same as your financial plan. Financial Statement Analysis Multiple Choice Questions 1. Feedback. The term ‘Financial Statement’ covers a) Profit & Loss Statement b) Balance sheet and Profit & Loss Statement appropriation account c) Profit & Loss Statement and Balance sheet d) All of above are false View Answer / Hide Answer. Answer: a, Which of the following is true regarding the revision of your financial plan? 3 collected revenues – people pay into a pool when they are healthy and can draw on these funds when sick. financial incentives to providers, to ensure that all individuals have access to effective public health and personal health care” (WHO 2000). (d) None of these Basic economics MCQs with answers on the topic of public finance for interview, entry test and competitive examination freely available to download for pdf export CSS :: Public Finance @ : Home > Economics > Public Finance. (b) determining how much you can afford to borrow. Accounting Ratios are important tools used by (a) Managers, (b) Researchers, (c) Investors, (d) All of the above 2. Powered by Team CSS Times. Selling price £6 (b) 20,000 units and Central Govt. (c) Obtaining a bank loan to purchase a boat Bill’s other typical monthly expenses are listed below: (a) Costs of production for new product (c) increase; obtain more Answer: c, Interest on a debt of £500 is to be charged interest at 8% per annum. (b) Raw materials The discount rate that results in an NPV of zero is known as: Which of the following would not be a benefit of adopting the balanced scorecard? An increase in the value of a sunk cost would have which of the following effects on investment appraisal calculations? Answer: c, Interest on a debt of £2,000 is to be charged interest at 8% per annum. 8. Financial Planning Multiple Choice Questions (MCQ), financial planning quiz answers PDF to study online finance course. (a) quotations that can be used when making financial decisions. 8. (a) Ordinary share Close suggestions. (b) Discount factor Uploaded by. In this case, the APR would be: A. the firm has a higher P/E ratio than other firms in the industry. FA mcq's. His monthly rent totals $1,000, and he incurs other monthly household payments as follows: Bill Peters’ net cash flow is (Question based on above Question), Please Share your comments using Facebook ID, FPSC CSS Past Papers 2017 | Download in PDF, PROFESSIONAL TEST MCQs (Set-1) for the Post of Senior Auditor, Accounting Principles & Procedures MCQs (Set-I) for FPSC Senior Auditor Tests, Advanced Level English Vocabulary MCQs (Set-16), Advanced Level English Vocabulary MCQs (Set-15), Advanced Level English Vocabulary MCQs (Set-14), Advanced Level English Vocabulary MCQs (Set-13), Advanced Level English Vocabulary MCQs (Set-12), Advanced Level English Vocabulary MCQs (Set-11), Principles of Business & Financial Management MCQs | For FPSC, PCS Tests, Journal, Ledger & Cash Book MCQs | for FPSC and other related One Paper MCQs Tests. (b) Lower output level. $50 for a health care plan. This paper . (b) How much insurance you need The financial planning advice on David’s tax position is aimed primarily at illustrating which method of structuring his insurance provides him the greatest benefit at the lowest cost. (d) All of the above (a) may choose a different financial plan than an individual in the same financial position Answer: a, Given the following data: (c) career decision. 5 Questions | By Mehtajimmit | Last updated: Apr 25, 2016 | Total Attempts: 1070 . (b) How much money you should maintain in your checking account Fixed overheads £40,000 (b) Establish your financial goals. 7. (a) Financing your house with a mortgage (a) reduce; repay existing Which of the following probably would not be asked when considering your financial position? (a) $2,100. $50 for clothing. (d) plan for financing (managing your credit and loans) (b) £13.33 Interest on a debt of £2,000 is to be charged interest at 8% per annum. (a) personal financial plan (d) None of the above $400 for car expenses (monthly payment, insurance, maintenance, and gas) Income Tax Laws text book pdf: Download Income Tax Laws text book pdf for B.com 3rd year students. (c) Whether you should use credit cards as a means of borrowing money 5 (5) This is a quiz for your financial planning. (c) What is the value of your investments? (function() { The Internet facilitates financial planning by providing, If you give something up as a result of making a decision, you are incurring a(n). (a) Selling price During the Quiz End of Quiz. Answer: a, Which of the following is not a perspective of the balanced scorecard? Managerial Decision: Buy or Lease, Make or Buy and Export or Local Sales, Tax Planning regarding employees remuneration, FBT Planning and Remuneration Planning 8. If the debt is repaid after 120 days then the interest on this amount would be equal to: Interest on a debt of £500 is to be charged interest at 8% per annum. (d) Relocation to new premises In general, according to Sales Tax Act 1990, tax period is a period of (A) one month (B) six months (C) nine months (D) one year. Tax' is imposed on a person by - State Govt. Which of the following is true regarding the revision of your financial plan? Commerce MCQ questions provides you all type of Accounting, Economics, Taxation and Other General Mcq questions related on Commerce subject with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Financial Service B.Com. Plan your tax-saving investments at the beginning of the financial year by calculating how to maximise exemptions and deductions under various sections. Which of the following is not a step in developing the financial plan? Bill pays $1,200 in monthly taxes. })(); Copyright © 2019. (c) Internal rate of return Recent Developments Assurance CIPC Tax Public Sector Legal & Governance Ethics & Discipline. (c) Human resource planning Answer: d, Which of the following is incorrect? (d) 8,000 units (d) Volume of production (a) selecting a loan that charges a competitive low interest rate. (d) Not all costs can be classified as either fixed or variable Financial Management MCQ Questions and answers with easy and logical explanations. Answer: a, Financial advisers: Net Profit Ratio Signifies: (a) Operational Profitability, (b) Liquidity Position, (c) Big-term Solvency, (d) Profit for Lenders. (d) Investing money in a bank deposit Academia.edu no longer supports Internet Explorer. (d) None of the above (a) The career choice is restricted to students who are just completing their education (a) Lower fixed costs. Answer: c, With fixed overheads at £16,000 per period, the variable cost at £7.50 per unit and each unit sold for £10, we can infer that the break-even point is: (c) Estate (b) Area of profit General Principles Of Taxation! (a) Contribution per unit will always be less than the selling price per unit Which of the following pieces of information will not be needed to ascertain the break-even volume level? (c) $1,670. 1) A financial analyst needs accounts information to (a) maintain the production section of the business (b) know why transactions cause increases and decreases in asset (c) advice on how to manage the business (d) know how to record transaction in T account ANS: C. 2) Creditors use accounting information for the … Download Full PDF Package. (d) reduce; obtain more (c) Net present value (d) 4,858 units. Income Tax refers to the tax you pay […] (d) Increase the net present value (b) Many people change their career over time. Answer: d, If you give something up as a result of making a decision, you are incurring a(n) (a) Have no effect (b) 2,134 units FA mcq's. (c) determining the maturity (length of time) of the loan. (c) The difference between selling price and variable cost per unit (d) Becoming a financial adviser 53. The management of your loans would include. (b) Retirement (d) You need to revise the plan to make it more realistic even if you are able and willing to follow the plan that you developed. 14 Full PDFs related to this paper. Students can access the text online or offline on up to four devices. Bill Peters receives a present salary of about $4,300 per month before taxes. (c) opportunity cost 21 Full PDFs related to this paper. Financial Management MCQs with Answers download and read free.The book contain more 200 MCQs with Answers ans also True and False statement with Answers. Answer: d, When selecting the financial plan that will best enable you to achieve your goals, you Answer: c, Which of the following probably would not be asked when considering your financial position? Question 01 A person pays a tax on whom the tax is incident is known as, ... Read Also: [MCQ Set] Nature of Indian Economy / Planning > GK [PDF] Economy MCQ Fiscal System General Knowledge Indian Economy Objective Question PDF. The __________ specifies the financial decisions that result from your personal financial planning. Answer: d, The management of your loans would include (c) different from or the same as your financial plan, depending on the person’s financial goals (c) Reduce the NPV With fixed overheads at £16,000 per period, the variable cost at £7.50 per unit and each unit sold for £10, we can infer that the break-even point is: Which of the following would increase the level of output that needed to be sold to reach break-even? (b) Using credit cards to pay your utility bills To browse Academia.edu and the wider internet faster and more securely, please take a few seconds to upgrade your browser. Answer: b, An investment which gives the holder a regular income in return for one initial payment may be known as a(n):

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