Civil Engineering MCQs

Page No. 55

The deliberate lowering of the price of a nation’s currency in terms of the accepted standard (Gold, American dollar or the British pound) is known as ____________________?


aCurrency appreciation

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bCurrency depreciation

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c Currency devaluation

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dCurrency float

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What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate______________?


a Currency appreciation

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b Currency depreciation

✓


c Currency devaluation

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dCurrency float

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What refers to the negotiable claim issued by a bank in lien of a term deposit ?


aTime deposit

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bBond

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cCapital gain certificate

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dCertificate of deposit

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What is the reduction in the money value of capital asset is called ?


aCapital expenditure

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b Capital loss

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cLoss

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dDeficit

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View Answer Capital loss

What is the increase in the money value of a capital asset is called?


aProfit

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b Capital gain

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cCapital expenditure

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dCapital stock

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View Answer Capital gain

What is used when a quick estimate of the doubling time for the invested money is needed ?


aRule of 48

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bRule of 36

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cRule of 24

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d Rule of 72

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View Answer Rule of 72

What do you call a one-time credit against taxes ?


aDue credit

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bTax credit

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cCredible credit

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dRevenue credit

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View Answer Tax credit

The ratio of the net income before taxes to net sales is called __________________?


aCurrent ratio

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b Inventory turnover

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cProfit margin ratio

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dPrice-earnings ratio

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View Answer Profit margin ratio

What is a measure of the average speed with which accounts receivable are collected ?


aCurrent ratio

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bQuick ratio

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cAcid test ratio

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dReceivable turnover

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View Answer Receivable turnover

All are classified under direct labor expenses EXCEPT one. Which one ?


a Inspection cost

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bTesting cost

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c Assembly cost

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d Supervision cost

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View Answer Supervision cost

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