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12th Standard Accounts Ratio Analysis English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

12th Standard

    Reg.No. :
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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Current ratio indicates

    (a)

    Ability to meet short term obligations

    (b)

    Efficiency of management

    (c)

    Profitability

    (d)

    Long term solvency

  2. To test the liquidity of a concern, which of the following ratios are useful?
    (i) Quick ratio
    (ii) Net profit ratio
    (iii) Debt-equity ratio
    (iv) Current ratio

    (a)

    (i) and (ii)

    (b)

    (i) and (iv)

    (c)

    (ii) and (iii)

    (d)

    (ii) and (iv)

  3. Which one of the following is not correctly matched?

    (a)

    Liquid ratio – Proportion

    (b)

    Gross profit ratio – Percentage

    (c)

    Fixed assets turnover ratio – Percentage

    (d)

    Debt-equity ratio – Proportion

  4. If both items in a ratio are from balance sheet, it is classified as

    (a)

    Inter statement ratio

    (b)

    Income statement ratio

    (c)

    Balance sheet ratio

    (d)

    All of these

  5. Which ratio indicates the efficiency of utilisation of fixed assets?

    (a)

    Inventory turnover ratio

    (b)

    Trade receivables turnover ratio

    (c)

    Trade payables turnover ratio

    (d)

    Fixed assets turnover ratio

  6. Shareholder funds includes

    (a)

    Equity share capital, preference share capital, reserve and surplus

    (b)

    Loans from banks and financial institutions

    (c)

    Equity share capital, preference share capital, reserves & surplus and loans from banks

    (d)

    None of these

  7. Cost of goods sold is Rs.4,00,000 and average stock is Rs.8,00,00. Stock turnover ratio will be

    (a)

    5 times

    (b)

    4 times

    (c)

    7 times

    (d)

    8 time

  8. _____ is the most important and powerful tool for measuring performance of a business enterprise.

    (a)

    Cheque analysis

    (b)

    Ratio analysis

    (c)

    Fund flow statement

    (d)

    None of these

  9. ______ gives the proportion of current assets to current liabilities of a business concern.

    (a)

    Current ratio

    (b)

    Turn over ratio

    (c)

    Quick ratio

    (d)

    None of these

  10. _____ means the firm's ability to meet its liabilities in the long run.

    (a)

    Long term solvency

    (b)

    Short term solvency

    (c)

    Profitability

    (d)

    None of these

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TN 12th Standard Accountancy free Online practice tests

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