This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Business Studies Chapter 7 Sources Of Business Finance – Quiz 30 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 30 (6 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Retained earning refers to A) Profits reinvested in the busioness. B) Shares are issued to existing shareholders. C) Selling of accounts receivables to a third party. D) Money borrowed from bank. Show Answer Correct Answer: A) Profits reinvested in the busioness. 2. It accepts deposits from individuals and organizations that have excess funds and provide loans to those who are in need. This financial institution is called ..... A) Investment banks. B) Commercial banks. C) Credit unions. D) Insurance companies. Show Answer Correct Answer: B) Commercial banks. 3. This refers the funds invested by the company owners for its development, e.g., equity and preference share capitals and retained earnings. A) Owner's Fund. B) Borrowed Fund. C) Both (A) and (B). D) None of the above. Show Answer Correct Answer: A) Owner's Fund. 4. Which is an example of Revenue expenditure A) Motor Van. B) Gym equipment. C) Salary. D) Premises. Show Answer Correct Answer: C) Salary. 5. Which of the following is a typical trade credit term? A) Interest-free lifetime payments. B) 30-90 days to pay suppliers. C) Unlimited credit use. D) Payment only once per year. Show Answer Correct Answer: B) 30-90 days to pay suppliers. 6. ABC ltd wants to issue huge amount of shares to raise its capital but the directors decided not to dilute the control to more people, which shares should they issue: A) Preference shares. B) Equity shares. C) Both of these. D) None of these. Show Answer Correct Answer: A) Preference shares. ← PreviousRelated QuizzesClass 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 1Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 2Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 3Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 4Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 5Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 6Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 7Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 8Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 9Class 11 Business Studies Chapter 7 Sources Of Business Finance Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books