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


bCurrency depreciation


c Currency devaluation


dCurrency float



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


b Currency depreciation


c Currency devaluation


dCurrency float



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


aTime deposit


bBond


cCapital gain certificate


dCertificate of deposit



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


aCapital expenditure


b Capital loss


cLoss


dDeficit


View Answer Capital loss

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


aProfit


b Capital gain


cCapital expenditure


dCapital stock


View Answer Capital gain

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


aRule of 48


bRule of 36


cRule of 24


d Rule of 72


View Answer Rule of 72

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


aDue credit


bTax credit


cCredible credit


dRevenue credit


View Answer Tax credit

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


aCurrent ratio


b Inventory turnover


cProfit margin ratio


dPrice-earnings ratio


View Answer Profit margin ratio

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


aCurrent ratio


bQuick ratio


cAcid test ratio


dReceivable turnover


View Answer Receivable turnover

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


a Inspection cost


bTesting cost


c Assembly cost


d Supervision cost


View Answer Supervision cost

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