The Hot Toaster's Quiz !!

Question 1

Current assets do not include ______.

Accepted Answer

Motor cars

Question 2

Under whose Prime Minister tenure did India witness the introduction of LPG (Liberalisation,Privatisation,Globalisation)

Accepted Answer

P V Narsimha Rao

Question 3

Principle of Conservatism takes into account __________.

Accepted Answer

All future losses and not profits

Question 4

Which pharmaceutical company bought Ranbaxy in 2014 and became the largest pharma company of India?

Accepted Answer

Sun Pharmaceuticals

Question 5

Which of the following hypermarkets is owned of the richest investors of India, Mr. Radhakishan Damani

Accepted Answer

D-Mart

Question 6

Ghanshyam is a furniture dealer. Which of the following transactions can not be recorded in his books of accounts?

Accepted Answer

Sale of household furniture for ₹2,000

Question 7

People who generally invest for a very short term or just in the IPOs for listing gains and take low risks are known as?

Accepted Answer

Stags

Question 8

Working Capital is the

Accepted Answer

Difference between current assets and current liabilities

Question 9

If a company issues a QIP at a price below the Current Market Price, the price of the share expected to ___ in short run

Accepted Answer

Decrease

Question 10

Which of the following companies have the highest market price in the Indian exchange?

Accepted Answer

Madras Rubber Factory

Question 11

Internal users of accounting information are __________.

Accepted Answer

Management

Question 12

The term sales is used only for the sale of _________ and not for the sale of ________.

Accepted Answer

Goods , Assets

Question 13

What is the technical term for the pressure a share faces for it's upside movement?

Accepted Answer

Resistance level

Question 14

Which of the following is the oldest exchanges of Asia?

Accepted Answer

Bombay Stock Exchange

Question 15

The owner records his own medical expenses in the firm's Income statement. This will result in breach of

Accepted Answer

Entity concept

Question 16

Due to the occurrence of which following events, it has been seen that the Indian stock markets fall?

Accepted Answer

India losing an ODI match

Question 17

Liquid assets :

Accepted Answer

Current Assets - Inventory - Prepaid Expenses

Question 18

An example of cash flow from operating activities can be

Accepted Answer

Interest paid on term deposits by the banks

Question 19

Which of the following is not a subfield of accounting?

Accepted Answer

Book Keeping

Question 20

Who was the first Indian woman to ever present the Union Budget.

Accepted Answer

Mrs. Indira Gandhi

Questions 20