Basics in Finance Interview : Practice MCQ Questions & Answers with Explanations

Variable costs are expenses that vary in proportion to the amount of goods or services that a business produces.

Demand is said to be inelastic, when the demand for the good doesn't change much or it is negotiable when the price of the good changed.

Insurance can help you to protect your properties and assets like home, car, stocks,... against unexpected accidents.

RBI issued currency notes under Fixed Minimum Reserve System.

Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses.

No explanation provided

Financial management refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management.

Someone who receives money in exchange for a promise to pay it back later is called a borrower1, and the person making the loan is the lender.

Personal financial planning is the process of creating and achieving financial goals.

Capitalism is an economic system followed by a country or a society which is characterized by Privately owned businesses, a market economy and profits.

There are two payment types that will help you stick to your budget.

Galloping inflation is also known as jumping inflation.

CDs are the least risky investment choice when compared to flipping, renting and bonds.