SOLVED JAIIB COMBINED PAPER 29:
1. The financial statements include......
(i) Profit and Loss Account,
(ii) Balance Sheet,
(iii) Funds flow statement
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
2. In respect of a firm having fixed cost of Rs. 160000 and variable cost Rs. 20 per unit, what is the amount of selling price, if break even no. of units is 4,000?
a. Rs. 20
b. Rs. 40
c. Rs. 60
d. Rs. 80
Ans - c
3. For assessing financial position of a borrower, the bank should study......
(i) Only profit and loss account, (ii) Only Balance Sheet
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
4. Funded Debt equity ratio is 2:1 and owned funds Rs. 2 lac. Amount of total assets Rs. 10 lac. What is current ratio if the fixed assets are of Rs. 4 lac?
a. 1:1
b. 1.9:1
c. 1.5:1
d. None of the above
Ans - c
5. Term Loans are not paid out of......
(i) Profits, (ii) Capital, (iii) Working capital limits
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
6. A fund flow statement is a statement of ......for a definite period between two definite dates.
(i) source of funds, (ii) use of funds
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
7.Current Ratio is not calculated as......
(i) Current Assets divided by Current Liabilities,
(ii) Fixed Assets divided by Current Assets,
(iii) Owned funds divided by Current Liabilities
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
8. Amount of sales is Rs. 100 lac and profit before tax 6% and amount of tax paid Rs. 2 lac. Rest of the amount is given as dividend on capital of Rs. 10 lac. What is rate of dividend?
a. 10%
b. 20%
c. 25%
d. 40%
Ans - d
9. For a dealer in truck vehicles, a truck is......
(i) A current assets, (ii) A fixed assets
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
10. Debt equity ratio is......
(i) Total outside liability/Tangible Net Worth
(ii) Long Term Liabilities/Tangible Net Worth
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
11. Current Ratio is 1.2:1 and amount of current liabilities Rs. 10 lac. Total of Balance Sheet being Rs. 22 lac, what is amount of fixed assets?
a. Rs. 5 lac
b. Rs. 10 lac
c. Rs. 15 lac
d. None of the above
Ans - b
12. Return on Investment is......
(i) Operating Assets/operating income,
(ii) Operating Income/operating assets
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b
(i) Profit and Loss Account,
(ii) Balance Sheet,
(iii) Funds flow statement
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - d
2. In respect of a firm having fixed cost of Rs. 160000 and variable cost Rs. 20 per unit, what is the amount of selling price, if break even no. of units is 4,000?
a. Rs. 20
b. Rs. 40
c. Rs. 60
d. Rs. 80
Ans - c
3. For assessing financial position of a borrower, the bank should study......
(i) Only profit and loss account, (ii) Only Balance Sheet
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
4. Funded Debt equity ratio is 2:1 and owned funds Rs. 2 lac. Amount of total assets Rs. 10 lac. What is current ratio if the fixed assets are of Rs. 4 lac?
a. 1:1
b. 1.9:1
c. 1.5:1
d. None of the above
Ans - c
5. Term Loans are not paid out of......
(i) Profits, (ii) Capital, (iii) Working capital limits
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
6. A fund flow statement is a statement of ......for a definite period between two definite dates.
(i) source of funds, (ii) use of funds
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - d
7.Current Ratio is not calculated as......
(i) Current Assets divided by Current Liabilities,
(ii) Fixed Assets divided by Current Assets,
(iii) Owned funds divided by Current Liabilities
a. Only (i) and (ii)
b. Only (i) and (iii)
c. Only (ii) and (iii)
d. (i), (ii) and (iii)
Ans - c
8. Amount of sales is Rs. 100 lac and profit before tax 6% and amount of tax paid Rs. 2 lac. Rest of the amount is given as dividend on capital of Rs. 10 lac. What is rate of dividend?
a. 10%
b. 20%
c. 25%
d. 40%
Ans - d
9. For a dealer in truck vehicles, a truck is......
(i) A current assets, (ii) A fixed assets
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Both (i) and (ii)
Ans - a
10. Debt equity ratio is......
(i) Total outside liability/Tangible Net Worth
(ii) Long Term Liabilities/Tangible Net Worth
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - c
11. Current Ratio is 1.2:1 and amount of current liabilities Rs. 10 lac. Total of Balance Sheet being Rs. 22 lac, what is amount of fixed assets?
a. Rs. 5 lac
b. Rs. 10 lac
c. Rs. 15 lac
d. None of the above
Ans - b
12. Return on Investment is......
(i) Operating Assets/operating income,
(ii) Operating Income/operating assets
a. Only (i)
b. Only (ii)
c. Either (i) or (ii)
d. Neither (i) nor (ii)
Ans - b