FY FDA – UNIT 1 to 3 MCQ 1 U WILL

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F.Y. B. Com – FINANCIAL DATA ANALYSIS
UNIT- 1 OBJECTIVES
1. Financial data can be useful for evaluating.
A. Financial health B. Stability
C. Earning capacity D. All of above
2. It is necessary to understand different types of classification of financial data for……
A. Effective Management B. Analysis
C. Both A & B D. None of above
3. Match the following:
i.Based on nature (a) Primary data
ii. Based on collection (b) Nominal data
iii. Based on usage (c) Qualitative data
iv. Based on scale (d) Grouped data
A. i-c, ii-b, iii-d, iv-a B. i-a, ii-b, iii-c, iv-d
C.i-c, ii-a, iii-d, iv-b D.i-a, ii-d, iii-b, iv-c
4. The data which arecollected for the first time are known as…….
A. Primary data B. Secondary data
C. qualitative data D. quantitative data
5. The data which cannot be measured numerically are known as………
A. Primary data B. Secondary data
C. qualitative data D. quantitative data
6. Nominal data is also known as………….
A. Ranking data B. Classificatory data
C. interval data D. ordinal data
7. Which classified the data as per priority based allocation?
A. Nominal data B. Ordinal data
C. Interval data D. Ratio data
8. People's opinion, feedback, response are classified as,
A. Interval data B. Nominal data
C. qualitative data D. numerical data
9. The data which already been collected by someone else & available for others to use
are known as…………
A. Qualitative data B. Primary data
C. Quantitative data D. Secondary data
10. The data in its purest & unprocessed form are known as
A. Raw data B. Processed data
C.grouped data D. big data

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FY FDA – UNIT 1 to 3 MCQ 2 U WILL
11. The data which are collected from multiple sources but at single point of time are
knownas
A. Time series data B. Interval data
C. Cross sectional data D. Time series data
12. Big data characterized by…………
A. Volume B. Variety C. Velocity D. All of above
13. The processed data are also known as………….
A. Grouped data B. Information C. Both A & B D. Raw data
14. Which data has arbitrary starting point & terminal point?
A. Interval data B. Ratio data
C. Nominal data D. Ordinal data
15. Which data has fixed starting point as zero and unidentified terminal point?
A. Interval data B. Ratio data
C. Nominal data D. Ordinal data
16. …………..data classified information into sub group or sub categories
A. Interval data B. Ratio data
C. Nominal data D. Ordinal data
17. Which of the following are sources of financial data?
A. Company report B. Stock exchange
C. Government Agencies D. All of above
18 …………provide real time data on stock prices, trade volumes & other market
information.
A. Stock exchange B. Government agencies
C. Regulatory Authorities D. Credit rating agencies
19 ……………..data provides detailed description and explanation.
A. Text data B. Graph C. Picture D. Voice recording
20. …………….is used to convey information through auditory means.
A. Text data B. Graph C. Picture D. Voice recording
21. The visual representation of concept or idea can be done by
A. Text data B. Graph C. Picture D. Voice recording
22. The photograph, MRI Scan, Images etc. are known as,
A. Image data B. Audio data
C. video data D. Text data
23. The machine code or encoded messages are known as
A. Geospatial data B. Numeric data
C. Binary data D. text data
24. The data which are collected over a period of time at regular interval is known as
A. Cross sectional data B. Time series data
C. Internal data D. Ratio data
25. Combination of visuals & audio messages are known as
A. Audio data B. Voice recording
C. Video data D. Picture data
26. ……………means to measure the performance against predefined goal & bench marks.
A. Performance evaluation B. Risk management.
C. Strategic planning D. Investment decision
27. ……….to be developed to safeguard against potential threats to the financial stability.
A. Risk management strategy B. Investment decision
C. Strategic planning D. Performance decision

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FY FDA – UNIT 1 to 3 MCQ 3 U WILL
28. ……….decide the balanced use of debt & equity financing
A. Capital structure management B. Strategic planning
C. Performance evaluation D. Investment decision
29. For investment decision which of the following factor required to be assessed?
A. Return on investment B. Payback period
C. Net Present Value D. All of above
30. Financial data analysis technique can be used for
A. Investment decision B. Performance evaluation
C. Risk management D. All of above
31. …………….is to be applied to identify areas of inefficiency & over
A. Cost control measure B. Risk management
C. Capital structure D. None of above
32. ……….helps business to set their long term objective with their financial capabilities.
A. Capital structure B. Strategic planning
C. Risk management D. Cost Control
33. Financial data identify potential fraud & risk by applying
A. Advance analytic technique B. Fraud detection & prevention technique
C. Both A & B D. None of above
34. Match the following
i. Allocate resources (a) Financial risk
ii.Investment decision (b) Potential profitability
iii. Risk management (c) Budgeting & forecasting
A. i-a, ii-b, iii-c B. i-c, ii-b, iii-a
C. i-b, ii-c, iii-a D. i-c, ii-a, iii-b
35. Full form of NSSO
A. National security service office B. National sample service office
C. National sample survey office D. National simple service organization
36. ……………produces such report which used to analyzed various sector of economy.
A. Financial institutes report B. Industry report & publications
C. Government publications D. Credit rating agencies
37. ………….of financial data is crucial for making informed investment decision, assessing
risk & understanding broader economic aspect.
A. Sources B. Uses C. application D. Scope
38. Arrange the following into correct sequence:
i.Data reporting
ii. Data utilization
iii. Data organizing
iv.Data processing
V.Data collection
A. V, iii, iv, i, ii B. v, iv, iii, i,ii C. I, ii, iii,iv, v D. v, ii, i, iii,iv
39. At …………….. stage unnecessary elements were removed from data
A. Data organizing B. Data processing
C. Data reporting D. data utilizing
40. At…… stage data need to be arranged or grouped in such manner that create useful
information for target user group.
A. Data organizing B. Data processing
C. data reporting D. data utilizing

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FY FDA – UNIT 1 to 3 MCQ 4 U WILL
41. ……………is the first & primary step for any type of data analysis
A. Data processing B. Data utilizing
C. Data collection D. Data organizing
42. ……………is the process of combining data from various sources to single form.
A. Data processing B. Data integration
C. data reporting D. data collection
43. As per………..financial analysis helps to identify & mitigate financial risk.
A. Risk management B. Investment decision
C. Data utilizing D. fraud detection
44. At…….. stage data is being utilized to back corporate activities & enhance operational
efficiency.
A. Data processing B. Data integration
C. data reporting D. data utilizing
45. ……..stage involves translating the data in to consumable format to make it easy to
use by users.
A. Data processing B. Data integration
C. data reporting D. data utilizing
46. Financial data mainly helps & useful for……….
A. Decision making B. Budgeting
C. fraud detection D. all of above
47. Which financial data source provide real time data update on stock prices?
A. RBI B. SEBI C. NSE D. Economic times
48. Which organization publish report on monetary policy & economic indicators in
India?
A. RBI B. SEBI C. NSE D. ministry of finance
49. Which regulatory body oversees securities market in India?
A. RBI B. SEBI C. NSE D. Economic times
50. Which of the following is an example of qualitative financial data?
A. Revenue B. Expense C. Company culture D. Assets
51. Which data type allows for comparison of differences & calculations of ratios?
A. Nominal data B. Ordinal data
C. Interval data D. Ratio data

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FY FDA – UNIT 1 to 3 MCQ 5 U WILL
UNIT- 2 OBJECTIVES
1. Annual Report of company include
(a) Balance Sheet (b) Statement of Profit or Loss
(c) Cash Flow Statement (d) All of above
2. Annual Report is useful to…………….
(a)Investor (b) Creditor
(c) Shareholder (d) All of above
3. Financial Statement of company includes
(a) Balance Sheet (b) Income & Expenditure Statement
(c) Cash Flow Statement (d) All of above
4. Under Company Act 2013 Balance Sheet is to be prepared as per……
(a) Schedule III Part-II (b) Schedule MI Part-I
(c) Schedule | Part-III (d) Schedule II Part-III
5. Share Holder Fund under Balance Sheet includes,
(a) Reserve & Surplus. (b) Share Capital
(c) Both a & b (d) Debentures
6. Reserve & Surplus lies under head of………..
(a) General Reserve (b) P&L A/c
(c) Share Holders Fund (d) Other Income
7. From the following which amount considered to be as share capital?
(a) Authorized Capital 5,00,000 Rs. (b) Equity Share Capital = 3,00,000 Rs.
(c) Pref. Share Capital - 2,00,000 Rs. (d) Calls in Arrears = 10,000 Rs.
8. Interest on Bank loan lies under the head of……….
(a) Long Term Borrowing (c) Employee Benefit Exp.
(b) Finance Cost (d) Other Exp.
9. From the following which amount lies under the head cash & cash equivalent?
-Bank Overdraft = 10,000 Rs.
-Cash on Hand-20,000 Rs.
-Cash at Bank-50,000 Rs.
Staff Deposit - 20,000 Rs.
(a) 70,000 Rs. (b) 80,000 Rs. (c) 1,00,000 Rs. (d) 60,000 Rs.
10. From the following find out amount of cost of material consumed?
-Opening stock of material 20,000 Rs. -Purchase of material - 1,20,000 Rs.
-Purchase return = 10,000 Rs. -CI. Stock of material = 15,000 Rs.
(a) 1,65,000 Rs. (b) 1,25,000 Rs.
(c) 1,15,000 Rs. (d) 1,00,000 Rs.
11. From the following find out amount of changes in inventory. Opening stock of
material = 25,000 Rs., Opening stock of finished goods = 50,000 Rs., Purchase of
material = 75,000 Rs., Closing stock of material = 20,000 Rs., Closing stock of finished
goods 30,000 Rs.
(a) 1,00,000 Rs. (b) 25,000 Rs. (c) 20,000 Rs. (d) 70,000 Rs.
12. Annual report is usually prepared on………..

(a) yearly (b) quarterly (c) monthly (d) half yearly

13. Under annual report letter to shareholder is written by………..
(a) Management (b) CEO (c) Chairman (d) both b & c

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FY FDA – UNIT 1 to 3 MCQ 6 U WILL
14. Profit & Loss Statement is to be prepared to know
(a) financial position (b) cash inflow & outflow
(c) earning capacity (d) changes in equity
15. …………..states the true & fairness of financial statements.
(a) governance report (b) audit report
(c) sustainability report (d) Balance sheet
16. Creditors using financial statements to check company's
(a) interest payment capacity (b) job security
(c) payment capacity (d) tax policy
17. Employee of company uses financial statements to check
(a) job security (b) chances of increment
(c) welfare (d) All of above
18. Debentures lies under the head of……..
(a) Short term borrowing (b) long term borrowing
(c) Short term provision (d) long term provision
19. The possible future liability which depends on the happening of certain uncertain
event is called……..
(a) not a liability at all (b) Contingent liability
(c) future liability (d) deferred liability
20. Match the following:
(i) Loose tools (a) Tangible Assets
(ii) Building (b) Trade Receivables
(iii) Debtors (c) Reserve & Surplus
(iv) General Reserve (d) Inventories
(a) i-d, ii-a, iii-b, iv-c (b) i-a, ii-d, iii-c, iv-b
(c) i-a, ii-b, iii-c, iv-d (d) i-d, ii-c, iii-b, iv-a
21. Which of the following is not shown as a current liability in Balance Sheet of
company prepared as per Schedule III of Company Act 2013?
(a) Short term borrowing (b) Trade payables
(c) Deferred tax liability (d) Short term provision
22. Provision of income tax is to be shown under the head…..Schedule IX of Company
Act 2013?
(a) Long term provision (b) Short term provision
(c) Trade payable (d) Long term borrowing
23. Patent are classified as which head of Company Act?
(a) Inventories (b) Intangible assets
(c) Other current assets (d) tangible assets
24. As per Schedule III of Company Act current liability includes-
(a) Unpaid dividend (b) Income received in advance
(c) refundable share application money (d) All of above
25. Security premium is shown in Balance Sheet in equity & liabilities under the head,
(a) share capital (b) reserve & surplus
(c) short term borrowing (d) short term provision
26. Intellectual property rights are……..
(a) intangible assets (b) investment
(c) tangible assets (d) trade receivables
27. Which of the following lies under the head of inventories?
(a) stock of material (b) loose tools
(c) goodwill (d) both a & b

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FY FDA – UNIT 1 to 3 MCQ 7 U WILL
28. Which of the following lies under the head of employee benefit expense of
statementof profit or loss?
(a) salaries (b) wages (c) bonus (d) All of above
29. Match the following:
(i) Rent received (a) Depreciation & Amortization
(ii)Interest on loan (b) Other income
(iii) Goodwill W/o. (c) Employee benefit cost
(iv) Salary paid (d) Finance cost
(e) Intangible Assets
(a) i-a, il-b, iii-c, iv-d (b) i-b, ii-d, ii-e, iv-c
(c) i-b, ii-d, iii-a, iv-c (d) i-d, ii-c, ii-b, iv-c
30. From the following information find out cost of material consumed.
-Purchase of material = 80900
- Opening stock of material = 5800
-Closing stock of material = 6000
(a) 79,800 (b) 80,700 (c) 80,900 (d) 81,100
31. Cheque, draft on hand will appear under………..
(a) Inventory (b) Trade receivables
(c) Cash & cash equivalent (d) Other current assets
32. Sales of ABC Ltd. amount to Rs. 42,20,000 while miscellaneous income Rs. 54,600.
What will be the total revenue of ABC Ltd.?
(a) 42,30,000 (b) 42,84,600 (c) 41,75,400 (d) None
33. If cost of material consumed is Rs. 90,000/-, opening stock Rs. 5,000/- and closing
stock Rs. 6,000/-. Then amount of purchase will be.
(a) 91,000 (b) 74,900 (c) 74,700 (d) None
34. Claim of worker compensation of Rs. 45,000 is being disputed by company will be
disclosed under which head?
(a) Long term borrowing (b) Employee benefit cost
(c) Contingent liability (d) Other current liability
35. XYZ Ltd. has 12% debenture of Rs. 10,00,000 and 10% Bank loan of Rs. 15,00,000
then amount to be written under depreciation & amortization will be?
(a) 25,00,000 (b) 5,00,000 (c) 2,70,000 (d) 1,50,000
36. Balance sheet is to be prepared to know……….
(a) earning capacity (b) financial position
(c) Cash flow of business (d) earning per share
37. Which of the following is not part of non current liabilities?
(a) long term borrowing (b) deferred tax liability
(c) long term provision (d) trade payables
38. From the following information, find the amount of employee benefit expense:
Salary = 20,000 Wages = 15,000
Repairs = 25,000 Marketing 8,000 Bonus = 10,000
(a) 45,000 (b) 35,000
(c) 70,000 (d) 78,000
39. ………….uses financial statement to check the efficiency & performance by comparing
them.
(a) management (b) Share holders (c) Creditors (d) Investor

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FY FDA – UNIT 1 to 3 MCQ 8 U WILL
40. Advance payment of expenses lies under the head of
(a) Other expense (b) short term loan & advances
(c) employee benefit expense (d) Current liabilities
41. From the following information find out the amount of other income to be written in
statement of profit or loss.
-Rent received - 20,000 Sale of scrap - 5,000
-Commission received - 10,000 -Sales = 1,00,000
(a) 30,000 (b) 35,000 (c) 1,35,000 (d) 1,30,000
42. From the following information find out the amount to be written under the head of
changes in inventory.
Opening stock of finished goods -1,20,000
Closing stock of finished goods- 1,50,000
(a) 30,000 (b) 2,70,000 (c) (30,000) (d) 1,50,000
43. From the following information find the amount to be written under the head of
Share Capital.
-Authorized capital - 20,00,000 Rs.
Equity share capital = 8,00,000 Rs.
-12% preference share capital = 2,00,000 Rs.
-Calls in Arrears = 30,000 Rs.
-Calls in Advance = 50,000 Rs.
(a) 10,20,000 (b) 20,20,000 (c) 30,20,000 (d) 10,00,000
44. From the following information of ABC Ltd., find the amount to be written under the
head of Finance Cost.
-Interest paid on loan = 35,000
-Interest received on FD=20,000
-Interest paid on B.O.D. 10,000
-Bank charges 5,000
-Discount on issue of debenture = 2,000
(a) 70,000 (b) 65,000 (c) 50,000 (d) 45,000
45. From the following information find out the amount of total revenue to be written in
statement of profit or loss.
- Sales = 5,00,000 Rs.
- Dividend received - 1,00,000 Rs.
-Profit on sale of P&M = 1,00,000 Rs.
-Interest on loan = 2,00,000 Rs.
(a) 9,00,000 (b) 7,00,000 (c) 6,00,000 (d) 2,00,000
46. Which of the following lies under the head of short term borrowing?
(a) Secured loan (b) Unsecured loan
(c) Bank overdraft (d) Both b & c
47. Which of the following lies under the head of long term borrowing?
(a) Secured loan (b) Debentures (c) Term loan (d) All of above
48. Which of the following lies under the head of short term provision?
(a) Provision for taxation (b) Proposed dividend
(c) Provision for expenses (d) All of above
49. Discount on issue of shares or debenture could be written under the head of……
(a) other expense (b) Other current liability
(c) Reserve & surplus (d) Share capital

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FY FDA – UNIT 1 to 3 MCQ 9 U WILL
50. Advance payment of tax is to be written under which head?
(a) Short term loan & advances
(b) deduct from profit or loss statement
(c) other expense
(d) short term borrowing
51. From the following information find out the amount of net profit which is written
understatement of profit or loss.
Total Revenue = 10,00,000 Rs.
Total expense 4,00,000 Rs.
Tax rate for the company is 30%.
(a) 6,00,000 (b) 7,00,000 (c) 8,80,000 (d) 4,20,000
52. From the following information find out the amount to be written as Trade
Receivables.
Debtors 50,000 Creditors 30,000
Bills receivable 10,000 Bills payable = 8,000
Debtors due for more than 6 month = 30,000
(a) 90,000 (b) 60,000 (c) 38,000 (d) none of above
53. From the following information find the amount of reserve & surplus.
-General Reserve = 2,00,000
- P&L A/c (Dr.) = 50,000
-Capital Reserve = 1,00,000
- Miscellaneous Expense = 10,000
(a) 3,40,000 b) 2,40,000 (c) 3,50,000 (d) 3,60,000
54. Shareholder uses financial statement because……….
(a) to know earning capacity (b) to know financial strength
(c) to know profitability of company (d) All of above
55. Credit rating is assigned to company's debt by…….
(a) Banks & Financial institutes (b) Credit rating agencies
(c) investors (d) Creditors
56. Who uses financial statements & its information to check the input of tax?
(a) Management (b) Share holders (c) Government (d) Employee
57. Full form SEBI = …………….
(a) Society & Exchange Board of India
(b) Security & Exchange Board of India
(c) Service & Emergency Board of India
d) Society & Emergency Board of India
58. Cash flow statement is to be prepared to check the transactions related to….
(a) Cash inflow (b) Cash outflow
(c) both a & b (d) earning capacity
59. Which of the following statement are true regarding annual report of company?
(i) Annual report is prepared on yearly basis.
(ii) Annual report is considered as communication tool with stakeholders.
(a) Both true (b) Both false
(c) i-true & i-false (d) i-false & ii-true
60. ………..reports state that whether company work with compliance with regulatory
requirements.
(a) Audit Report (b) Corporate Governance Report
(c) Sustainability Report (d) All of above

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FY FDA – UNIT 1 to 3 MCQ 10 U WILL
61. Which of the following statements best describes the difference between data and
information?
(A) Data is meaningless, while information is meaningful
(B) Data is organized, while information is unorganized
(C) Data refers to text, while information refers to numbers
(D) None of the above
62. Which one of the following equations is correct?
(A) Net Profit-Income earned & received + Income earned but yet not received-
Expenses incurred & paid expenses incurred but yet not paid
(B) Net Profit-Income earned & received-Income earned but yet not received-
Expenses incurred & paid expenses incurred but yet not paid
(C) Net Profit-Income earned & received+ Income earned but yet not received +
Expenses incurred & paid expenses incurred but yet not paid
(D) Net Profit-Income earned & received + Income earned but yet not received-
Expenses incurred & paid-expenses incurred but yet not paid
63. Which one of the following are disclosed as a part of notes to accounts in the
financial statements?
I. Proposed dividend on equity & preference shares
II. Significant accounting policies
III. Related party transaction
IV. Segment reporting
(A) Only I, III, IV (B) Only 1, II, III (C) Only II, III, IV D) All I, II, III, IV
64. From the given information compute the cost of material consumed
Opening and closing inventory of material is Rs. 9,50,000 and Rs. 4,00,000
respectively. Purchase of material is Rs. 10,00,000. Return of material is Rs. 3,50,000
(A) Rs. 11,00,000 (B) Rs.12,50,000 (C) Rs 12,00,000 (D) Rs.8,00,000
65. What is the purpose of the data reporting stage?
(A) To collect accurate and relevant data
(B)To make data accessible by the users in a consumable format
(C)-To remove unnecessary elements from the data
(D) To organize the data in an appropriate manner
66. What is the foundation for strategic decision-making, risk assessment, and
performance evaluation within businesses?
(A) Processed data (B) Qualitative data
(c) Financial data (D) Primary data
67. From the following information, prepare notes to accounts on finance cost
Interest paid on term loan: 6,50,000, Interest paid on deposits 85,000, Bank charges:
12,000, Discount on issue of debentures written off: 15,000, Interest received on FD:
25,000
(A) 7,87,000 (B) 7,62,000 (C), 7,75,000 (D) 7,50,000
68. Which of the following is not a component of Annual report?
(A) Creditor's report (B) Corporate governance sport
(c) Auditor's report (D) Financial Highlights
69. Match the following
A B
1. Debenture Redemption Reserve (a) Trade payables
2. Sundry Creditors (b) Short term borrowings
3. Public Deposits (C) Reserves & Surplus
4. Current maturities on long term debt (d) Long term borrowings

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FY FDA – UNIT 1 to 3 MCQ 11 U WILL
(A) 1-d ,2-b ,3-a, 4-c (B) 1-c, 3-c, 3-d, 4-b
(C) 1-a, 2-b, 3-c, 4-d (D) 1-b, 2-c, 3-a, 4-d
70. Equity' represents a company's liability towards its
(A) Creditors (B) Owners (C) Banks (D) Debtors
71. Which type of financial data involves extremely large and complex datasets that
require specialized technologies and techniques for processing and analysis?
(A) Primary financial data (B) Big data
(C) Secondary financial data (D) Processed financial data
72. Which division and Schedule in the Companies Act 2013 gives general instructions
for the preparation of financial statements of a company?
(A) Division I of the Schedule I (B) Division 1 of the Schedule III
(C) Division I of the Schedule II (D) Division II of the Schedule III
73. Financial data published by Indian Companies in annual reports is an example of data
from…………..
(A) Interval data (B) Cross-time data (C) Time-sectional data (D) Panel data
74. Frog where one can collect primary data?
(A) First-hand experience (B)Government agencies
(C) Regulatory authorities (D)Library
75. Which of the following uses of financial data involves assessing factors like return on
investment (ROI), payback period, and net present value (NPV) to determine the
feasibility and potential profitability of various options?
(A) Budgeting and Forecasting (B) Performance Evaluation
(C) Investment Decisions (D) Risk Management
76. What is the combination of Cross-Sectional data & Time-series data known as?
(A) Panel data (B) Cross-time data
(C) Time-sectional data (D) Interval data
77. Under which head Redeemable Preference Shares shall be classified and presented?
(A) Current Asset (B) Non-current Liability
(C) Non-current Asset (D) Current Liability
78. What is the full forms of CMIE?
(A) Central Monitors of Indian Economy
(B) Central Management for Indian Economy
(C) Centre for Monitoring Indian Economy
(D) Centre for Managing Indian Economy Match the following
79. Which one of the following statements is correct?
S-1: Proposed Dividend is a contingent liability and is shown in the notes to accounts.
S-II: Uncalled liability on shares is a capital commitment and is shown in the notes to
accounts.
(A) Statement I is correct & Statement II incorrect
(B) Statement I and II both are incorrect
(C)Statement I and II both are correct
(D) Statement II is correct & Statement I is incorrect
80. …………..represents the difference between total income (under head III) and total
expenses (under head IV)
(A) Profit before tax
(B) Profit from discontinued operations
(C) Profit before exceptional items and tax
(D) Profit for the period from continuing operations

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FY FDA – UNIT 1 to 3 MCQ 12 U WILL
UNIT- 3 OBJECTIVES
1. Which of the following is a technique used in financial statement analysis?

(A) Regression analysis (B) Ratio analysis

(C) Trend forecasting (D) Forecasting analysis
2. What does Comparative Statement Analysis help determine?
(A) The profitability of a company
(B) The relationship between different accounting figures
(C) The trend and direction of financial position and operating results
(D) The growth rate over a period
3. Which type of analysis converts figures into percentages to make comparisons
between different periods?
(A) Trend analysis (B) Common size statement
(C) Financial ratio analysis (D) Comparative analysis
4. In Trend Analysis, what is typically used as the base year?
(A) The most recent year (B) The first year of the period
(C) The middle year of the period (D) Any year with the highest growth
5. What does the Average Annual Growth Rate (AAGR) ignore in its calculation?
(A) Changes in currency values
(B) Compound effects of growth
(C) Differences in annual profits
(D) Absolute increase and decrease in sales
6. Which method of growth rate calculation takes into account the compounding
effect?
(A) Average Annual Growth Rate (AAGR) (B) Trend analysis
(C) Compound Annual Growth Rate (CAGR) (D) Ratio analysis
7. What is the formula for calculating Compound Annual Growth Rate (CAGR)?
(A) CAGR = (EV/BV) * 100 (B) CAGR = (EV/BV) ^ (1/n) – 1
(C) CAGR = (BV/EV) ^ (n-1) (D) CAGR = (n/EV) * 100
8. Which of the following is true about Descriptive Statistics Analysis?
(A) It forecasts future trends.
(B) It identifies the causes behind a dataset's behavior.
(C) It summarizes and interprets the basic features of a dataset.
(D) It recommends optimal actions based on data.
9. Which statistical measure is used to find the "most frequent value" in a dataset?
(A) Mean (B) Median (C) Mode (D) Range
10. Which type of data analysis involves visualizing data distribution using techniques
like histograms or box plots?
(A) Prescriptive analysis (B) Predictive analysis
(C) Descriptive analysis (D) Diagnostic analysis
11. What does Frequency Distribution provide?
(A) The most frequent data value
(B) How many times each value appears in the dataset
(C) The correlation between data points
(D) The total sum of all data values
12. Which of the following is a visual representation commonly used for frequency
distributions?
(A) Box plot (B) Pie chart (C) Line chart (D) Histogram

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FY FDA – UNIT 1 to 3 MCQ 13 U WILL
13. Which measure represents the average squared deviation from the mean?
(A) Standard Deviation (B) Variance
(C) Mode (D) Range
14. Which of the following is used to assess the spread or dispersion of data?
(A) Mean (B) Standard Deviation
(C) Median (D) Skewness

15. What does Skewness measure in a dataset?

(A) The average of the data points
(B) The symmetry of the data’s distribution
(C) The frequency of the most occurring value
(D) The peakness of the distribution
16. What does Kurtosis measure in a distribution?
(A) The variability of data
(B) The spread of data
(C) The sharpness of the distribution’s peak
(D) The most frequent value
17. Which of the following is a good method for illustrating the distribution of data
visually?
(A) Bar chart (B) Histogram (C) Pie chart (D) Scatter plot
18. Which measure of central tendency is best for skewed distributions?
(A) Mean (B) Median (C) Mode (D) Variance
19. What is the purpose of calculating the standard error?
(A) To estimate the variability of the data
(B) To measure the precision of the mean estimate
(C) To determine the most frequent value
(D) To calculate the range of the data
20. In Excel, which tool do you need to install to perform descriptive statistics?
(A) Solver Add-in (B) Data Analysis ToolPak
(C) Analysis Tools (D) PivotTable Tool
21. Which of the following would you select in Excel for analyzing descriptive statistics?
(A) Pivot Table (B) Data Analysis (C) Data Validation (D) Solver
22. Which statistic is useful for identifying potential data entry errors or outliers?
(A) Standard Deviation (B) Range
(C) Maximum (D) Mode
23. What is the best interpretation of a high standard deviation in a dataset?
(A) Data points are very close to the mean
(B) Data points are very spread out from the mean
(C) The data has a strong positive skew
(D) The distribution is normally shaped
24. Which of the following is NOT an option in the Descriptive Statistics dialog box in
Excel?
(A) Count (B) Confidence Interval for the Mean
(C) Variance (D) Regression Coefficient
25. What should you do if your dataset in Excel includes headers in the first row?
(A) Ignore the first row when selecting the data range
(B) Check the "Labels in First Row" box
(C) Remove the headers before analysis
(D) Format the first row as bold

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FY FDA – UNIT 1 to 3 MCQ 14 U WILL
26. What kind of graph is best used to show the distribution of data across categories?
(A) Histogram (B) Box plot (C) Pie chart (D) Bar chart
27. Which of the following is used to check how many observations are present in your
dataset?
(A) Range (B) Count (C) Sum (D) Median
28. What is the role of the Confidence Interval for the Mean in descriptive statistics?
(A) To estimate the average value in a data range
(B) To estimate the population mean based on sample data
(C) To identify the central tendency of the data
(D) To measure the variability in the dataset
29. What does the range of a dataset measure?
(A) The difference between the highest and lowest values
(B) The most frequent value in the dataset
(C) The deviation from the mean
(D) The average of the data points
30. In Excel, which option will display the most common descriptive statistics such as
mean, median, mode, and standard deviation?
(A) Histogram (B) Summary Statistics
(C) Confidence Interval (D) Pivot Table

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