'Equity schemes managed strong NAV gains, which boost their assets' was a news in some financial newspapers. What is the full form of the term NAV as used in above head lines ?
Nil Accounting Variation
New Asset Venture
Net Accounting Venture
Net Asset Value
Q.3.
What determines the value of an item?
the capital required to build the factory
the unlimited wants of the consumers
the resources consumed in production
the amount of goods that are produced
Q.4.
The largest component of National Income in India is ____ ?
Service Sector
Industrial Sector
Agriculture Sector
Trade Sector
Q.5.
When an account becomes uncollectible and must be written off
Accounts Receivable should be credited
Sales Revenue should be debited
Allowance for Doubtful Accounts should be credited
Bad Debt Expense should be credited
Q.6.
Which one of the following is not a 'Money Market Instrument'?
Commercial Paper
Equity Shares
Certificate of Deposit
Treasury Bills
Q.7.
Which of the following is not economic investment?
the piling up of inventories on a grocer's shelf
the purchase of a drill press by the Ajax Manufacturing Company
construction of a suburban housing project
the purchase of 100 shares of AT&T by a retired business executive
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