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1. Investment involves spending of money with the hope of reaping some financial ___.
a. Profit
b. Interest
c. Benefits
d. Savings
2. According to ___, investment is regarded as savings embarked upon as a result of “delayed consumption.”
a) Scientist
b) Economists
c) Accountant
d) Financial expert
3. Investment is also recognized as the deployment of financial ___towards enhancing a person ‘s income
a. resources
b. Instrument
c. Expert
d. Structure
4. In ____, an investment involves utilization of funds in acquisition of financial assets such as stocks, bonds, bullion, real properties, and precious items.
a) Marketing
b) Accounting
c) Finance
d) management
5. Investment” implies acquisition of a product of financial value with expectation of generating desired ____in the future.
a) Income
b) Revenue
c) Tax
d) returns
6. The author identifies three basic groups of investments such as ____, lending investment, and cash investment.
a) Company investment
b) ownership investment
c) personal investment
d) Corporate investment
7. ___ are shares purchased as part ownership in companies.
a) Dividend
b) Bonds
c) Stocks
d) derivatives
8. Board of Internal Revenue and Joint Tax Board. A List of taxes and levies for collection by the three tiers of government has been approved by the government and published by the_____
a. Joint Tax Force
b. Joint Tax Board
c. Joint Tax payment
d. Joint Tax Body
9. ____is a clear statement on the principles governing tax administration and revenue collection.
a) Rules and regulations
b) National Tax Policy
c) Government policy
d) Religious policy
10. According to the___ Doing Business 2011 report, Nigeria ranks 137 out of 183
countries surveyed on the ease of doing business and 134 on the ease of paying taxes.
a) I M F
b) CBN
c) World Bank
d) Commercial bank
11. ___Insurance is a policy that protects against any loss or damage caused by terrorist activities.
a) Health
b) Life
c) Terrorism
d) Defense
12. This policy also known as ___ policy provides a monetary benefit to a decedent’s family or other designated beneficiary.
a. life assurance
b. Life insurerance
c. National tax
d. Insurance
13. Tax has been defined as „a monetary charge imposed by the Government on
persons, entities, transactions and properties to yield ____
a) Income
b) Resourse
c) Revenue
d) budget
14. Tax is a powerful tool for achieving ____and social policy objectives of government and it is a means of transferring resources from the private to the public sector.
a. Govrenment
b. Religious
c. Educational
d. economic
15. The____of venture creation, as provided by the Cambridge Dictionary (2017), refers to the process of converting a new idea or technology into a business undertaking which can succeed and is invariably capable of attracting investors.
a) Innovation
b) connotation
c) Mindset
d) motivation
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1. Crime insurance is a form of ___ insurance that covers the policyholder against losses arising from the criminal acts of third parties.
a) casualty
b) Life
c) Terrorism
d) false
2. A ___refers to a financial product which has its value dependent on the outcome of the original financial product as investment by the managers of the funds
a. Wages
b. Capital
c. Derivative
d. Investment
3. The money that is used in starting and running a business is an ____.
a. Capital
b. Investment
c. Lone
d. wages
4. ___is one of the hardest investments to make because it requires more than just money.
a) Real estate
b) Derivative
c) Entrepreneurship
d) innovation
5. This involves investment in buying or building houses, apartments and other landed property with the purpose of leasing them out.
a. Real estate
b. Derivative
c. Entrepreneurship
d. Innovation
6. ____ involves subscribing and investing in debt instruments of corporate entities such as bonds and debentures.
a) Borrowing investment
b) Lending investment
c) Entrepreneurship investment
d) Treasury bill
7. The ____ of venture creation, as provided by the Cambridge Dictionary (2017), refers to the process of converting a new idea or technology into a business undertaking which can succeed and is invariably capable of attracting investors.
a. Innovation
b. connotation
c. Mindset
d. motivation
8. Crime insurance is a form of ___ insurance that covers the policyholder against losses arising from the criminal acts of third parties.
a) casualty
b) Life
c) Terrorism
d) Militant
9. ___Insurance is a policy that provides protection against any loss or damage caused by terrorist activities.
a. Property
b. Car
c. Terrorism
d. Company
10. Furthermore, Swier (2007) observes that venture creation involves a process just like a _____ process
a. distribution
b. Consumption
c. Manufacturing
d. contribution
11. An entrepreneur, as an industrialist, is regarded as a change agent in terms
of acting to assume the risk inherent in the formation of a business venture.
a) True
b) Somehow
c) All of the above
d) False
12. __ stage involves generating information from the customers or users of you product
a) Middleman
b) Customers
c) Producer
d) None of the above
13. Investment _____ is regarded as one of the basic building blocks of a solid portfolio.
a) Stock
b) Bonds
c) Money
d) Diversification
14. A major home repair may occur as a result of the occurrence of ____disasters such as tornado, earthquake, landslide, and volcanic eruption.
a. Human
b. Technological
c. Natural
d. All of the above
15. ____refers to a means by which to take protection from financial loss in business generally.
a) Stop lost
b) Insurance
c) Risk
d) None of the above
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The exam practice questions and answers are good, but not good enough to help cement the A+ or grade B you deserve. Get the EXAM KEYNOTE and use it alongside the KEYNOTE now!
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