You have completed your quiz attempt. You have scored 10 point(s).

Question Results
Score 1.00 of 1

1. A DPG proposal is assessed like a Term loan proposal.

TRUE

FALSE
Score 1.00 of 1

2. A bank guarantee is called Fund based advance.

TRUE
FALSE
Score 1.00 of 1

3. A Letter of credit is also a Non-Fund based advance like Bank Guarantee.

TRUE

FALSE
Score 1.00 of 1

4. Letter of credit is applicable only for foreign trade transactions.

TRUE
FALSE
Score 1.00 of 1

5. Credit facility sanctioned by a bank for making goods/services ready for

export is called post shipment credit.

TRUE
FALSE
Score 1.00 of 1

6. Cash credit facility is considered as working capital finance.

TRUE

FALSE
Score 1.00 of 1

7. Term loans are extended for the purpose of acquisition of fixed assets.
TRUE

FALSE
Score 1.00 of 1

8. No withdrawals or repayments are permitted in Overdraft accounts.

TRUE
FALSE
Score 1.00 of 1

9. Cash Credit facilities are permitted as short term and immediate

need funds.
TRUE

FALSE
Score 1.00 of 1

10. A Term loan is a credit facility which once repaid cannot be drawn
again.
TRUE

FALSE

Session 2

You have completed your quiz attempt. You have scored 10 point(s).

Question Results
Score 1.00 of 1

1. There is no restriction at all on fixing credit limit for a single borrower.

TRUE
FALSE
Score 1.00 of 1

2. For setting up of large industries, license is required from GOI.

TRUE

FALSE
Score 1.00 of 1

3. Exposure ceiling limit is linked to the capital fund of the bank.

TRUE

FALSE
Score 1.00 of 1

4. Regulatory impact is high in Retail Credit.

TRUE
FALSE
Score 1.00 of 1

5. Transaction volume is low in Wholesale Credit.

TRUE

FALSE
Score 1.00 of 1

6. In pre-liberalized era, banks used to lend more for industries and

business or Wholesale Credit.
TRUE

FALSE
Score 1.00 of 1

7. Retail loan appraisal is standardized.

TRUE

FALSE
Score 1.00 of 1

8. Turn around time in case of Retail Credit is short.

TRUE

FALSE
Score 1.00 of 1

9. The credit requirements of manufacturing and business are on a

large scale.
TRUE

FALSE
Score 1.00 of 1

10. Proposals of industrial advances have to be critically analyzed

before sanction.
TRUE

FALSE

Session 3

You have completed your quiz attempt. You have scored 10 point(s).

Question Results
Score 1.00 of 1

1. The actions of one partner make the other partners liable.

TRUE

FALSE
Score 1.00 of 1

2. Proprietor of a firm is not entirely liable for any debt of the business.
TRUE
FALSE

Score 1.00 of 1

3. A partnership can be based on an oral understanding also.

TRUE

FALSE
Score 1.00 of 1

4. The properties of a company are owned by the company and not by

shareholders.
TRUE

FALSE
Score 1.00 of 1

5. Common seal of the company is considered equal to the signature of the

company.
TRUE

FALSE
Score 1.00 of 1

6. Trustees are appointed by the author of the trust for carrying out the
activities.
TRUE

FALSE
Score 1.00 of 1

7. Charge on assets of a company should be created within 30 days from

the date of filing for registration.

TRUE
FALSE
Score 1.00 of 1

8. A company is not an artificial person created by law.

TRUE
FALSE
Score 1.00 of 1

9. Every partner can represent the firm; but he cannot bind the firm by
his action.
TRUE
FALSE
Score 1.00 of 1

10. Clubs may be run as a business or as a not for profit entity.

TRUE

FALSE

Session 4

You have completed your quiz attempt. You have scored 10 point(s).

Question Results
Score 1.00 of 1

1. Security deposit received from the dealer is classified as term liability.

TRUE

FALSE
Score 1.00 of 1

2. Debentures payable within a year are considered as term liability.

TRUE
FALSE
Score 1.00 of 1

3. The liability side of a balance Sheet represents source of funds.

TRUE

FALSE
Score 1.00 of 1

4. As per Income Tax Act, a business enterprise has to prepare balance

Sheet as on 31st March of every year.
TRUE

FALSE
Score 1.00 of 1

5. Authorized Capital is the maximum amount of Capital the company is

legally authorized to raise.
TRUE

FALSE
Score 1.00 of 1

6. Preference shares repayable between one year to 12 years are treated

as long term liability.
TRUE

FALSE
Score 1.00 of 1

7. Advance payment made to the supplier of machinery will be treated as

fixed asset.
TRUE
FALSE
Score 1.00 of 1

8. Current assets are those which are expected to be converted to cash

within one operating cycle.
TRUE

FALSE
Score 1.00 of 1

9. Banks do not classify investment made by a Firm in blue chips as

current assets.
TRUE

FALSE
Score 1.00 of 1

10. Loss shown in Balance Sheet will be treated as a deduction from

Net Worth as per the amended Companies Act.

TRUE

FALSE

Session 8

You have completed your quiz attempt. You have scored 10 point(s).

Question Results
Score 1.00 of 1

1. The P & L A/c reveals the operational efficiency or soundness of the business.
TRUE

FALSE
Score 1.00 of 1

2. Net sales means Gross sales minus excise duty.

TRUE

FALSE
Score 1.00 of 1

3. Valuation of stock is generally made at cost or market price.

TRUE

FALSE
Score 1.00 of 1

4. Gross profit is found out by deducting cost of sales from total sales.

TRUE

FALSE
Score 1.00 of 1

5. Cost of production includes selling and administrative expenses and

interest cost.
TRUE
FALSE
Score 1.00 of 1

6. All expenses not connected to manufacturing are selling & general

expenses.
TRUE

FALSE
Score 1.00 of 1

7. In cost of sales of a business, profit margin is included.

TRUE
FALSE
Score 1.00 of 1

8. Operating Profit means Gross Profit less operating expenses.

TRUE

FALSE
Score 1.00 of 1

9. The specific period which is chosen to report profit or loss is called

accounting period.
TRUE

FALSE
Score 1.00 of 1

10. The Profit and Loss appropriation statement forms the link
between the P & L statement and the Balance Sheet.
TRUE

FALSE