BIRLA INSTITUTE OF TECHNOLOGYA AND SCIENCE, PILANI
Fundamentals of Finance and Accounting- ECON C211
Second Semester 2008-09
Comprehensive Examination Maximum Marks: 40
Duration: 3 Hours Date: 4/5/09 PART A
Instructions for Part A:
Answer all the questions from 1 to 36.
Answer the questions in the separate answer sheet provided.
Each question caries equal marks.
Do not write anything on the question paper.
Exchange of Calculators not allowed.
Overwriting/ unclear answers will not be evaluated
Suggested Time: 30 minutes (0.5*36= 18 Marks)

For questions 1 to 18 , mark the correct option:
The currency of China is:
Renminbi
Kuna
Lev
Pula

When there are three parties to a lease contract, namely the lessor, lessee and lender, it is called a:
Sales and lease back
Direct lease
Leveraged Lease
Operating lease

_____________ gives loans to its members primarily for consumption purpose like marriage, retiring debt:
Investment Companies
Nidhis
Loan Companies
Merchant Bankers

All of the following are characteristics of hire purchase finance except:
Payment is made in periodic installments
Ownership gets transferred with initial down payment
Possession of the good is given at the time of contract
They are unsecured finances

In January, 1 US $ was equal to 90¥. In March, this exchange rate changed to: 1 ¥ = 0.01053 US $. So US$ has _______ against ¥.
Appreciated
Depreciated
Devalued
Cannot be determined from the given information

Ravi is an Indian exporter and expects to receive US $ 10,000 after three months.