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This set of Educational Planning and Management Multiple Choice Questions & Answers (MCQs) focuses on Financial Management Set 1
Q1 | Educational needs are related to the -
- size of the population
- social change
- economic and political development
- all the above
Q2 | Sound financial planning includes –
- decisions about revenue, cost and economy
- budget administration
- financial relationships among various agencies
- all the above
Q3 | The roots of educational finance are found in basic disciplines like -
- statistics
- economics and political science
- law and taxation
- all the above
Q4 | The sources of income for education may be broadly classified into -
- Public and Private funds
- Government and Non – government funds
- Both of the above
- None of the above
Q5 | Public funds may be in the form of -
- grants
- subsidies
- subventions
- all the above
Q6 | The various kinds of fees charged to students include -
- tuition fee
- library and laboratory fee
- magazine and games fee
- all the above
Q7 | Sums of money where the principles are maintained intact and only the income from theinterest on the principal are consumed is called -
- Land grants
- Bequests
- Endowments
- Philantropic trust
Q8 | The essential aspects of educational finance include changes in -
- targets and policies
- procedures
- administration
- all the above
Q9 | Some of the main problems faced in financing education are –
- expanding educational facilities
- expanding educational services
- lack of priorities
- all the above
Q10 | Which is a major factor affecting financial allocations?
- Unequal distribution of wealth
- Population mobility
- Constitutional Provisions
- Low level of national income
Q11 | The main elements of traditional approach to financial management are -
- Institutional sources of finance
- Issue of financial devices to collect refunds from capital market
- Accounting and legal relationship between source of finance and business
- all the above
Q12 | The main elements of modern approach to financial management are -
- evaluation of alternative fund utilization
- capital budgeting
- financial planning
- all the above
Q13 | The critical decisions to be taken under modern approach to financial management are -
- investment decision
- financing decision
- dividend decision
- all the above
Q14 | Which is a function of financial management?
- tax planning
- management of provident funds
- securities and social insurance funds
- all the above
Q15 | Which is not a scope of financial management?
- financial investment
- financial control
- financial supervision
- financial planning
Q16 | The nature of financial management is concerned with -
- functions and goals of the institution
- procedural aspects
- relation with other subsystems
- all the above
Q17 | Financial management essentially involves -
- risk-return trade off
- types of assets
- investment decisions
- all the above
Q18 | Financial management affects the -
- survival of the firm
- growth of the firm
- vitality of the firm
- survival, growth and vitality of the firm
Q19 | Financial management is needed due to –
- acquisition and proper use of funds
- improve profitability
- increase value of the firm/institution
- all the above
Q20 | Proper allocation and utilization of funds leads to -
- improvement of operational efficiency
- improvement of profitability
- increase value of the firm/institution
- all the above
Q21 | Improving profitability depends on -
- promoting savings
- proper and effective use of funds
- increasing value of the firm
- acquisition of funds
Q22 | The ultimate aim of any business concern is -
- increase the wealth of the investors
- maximize the wealth of the firm
- increase the value of the firm
- optimize the profit of the firm
Q23 | Acquisition of funds is determined by certain features such as -
- philosophy of the institute
- vision and goals of the institute
- competitive environment
- all the above
Q24 | Factors affecting allotment of funds include -
- availability of funds
- needs of various departments or services
- nature of activity undertaken
- all the above
Q25 | Other sources of getting money to finance education include -
- donations, bequests and gifts
- interests on bank balances and securities
- rent from buildings
- all the above