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Guide for Finance Assistant

Quiz Finance Assistant

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/ 10

Quiz

1/10
Arithmetical & Numerical Ability
If a finance assistant processes invoices totaling £3,450 and receives an additional invoice of £1,200, what is the total amount processed?
Select the answer
1 correct answer
A.
£4,650
B.
£5,500
C.
£4,200
D.
£5,000

Quiz

2/10
English Language & Comprehension
What is the primary purpose of a budget in financial management?
Select the answer
1 correct answer
A.
To increase overall expenses
B.
To assist in decision-making
C.
To eliminate all costs
D.
To create tax liabilities

Quiz

3/10
General Awareness
What is the primary purpose of a budget in personal finance?
Select the answer
1 correct answer
A.
To track income and expenses
B.
To invest in stocks
C.
To calculate taxes owed
D.
To apply for loans

Quiz

4/10
General Intelligence & Reasoning ability
If a company has an annual revenue of £500,000 and its expenses total £300,000, what is the profit margin as a percentage of revenue?
Select the answer
1 correct answer
A.
20%
B.
30%
C.
40%
D.
50%

Quiz

5/10
Arithmetical & Numerical Ability
A finance assistant needs to allocate a budget of £12,000 evenly across 4 departments. How much will each department receive?
Select the answer
1 correct answer
A.
£2,500
B.
£3,000
C.
£4,000
D.
£2,000

Quiz

6/10
English Language & Comprehension
Which term refers to the interest paid on a loan that is calculated based on the remaining balance?
Select the answer
1 correct answer
A.
Fixed interest
B.
Compounded interest
C.
Variable interest
D.
Simple interest

Quiz

7/10
General Awareness
Which of the following is considered a liability on a balance sheet?
Select the answer
1 correct answer
A.
Cash
B.
Accounts Receivable
C.
Mortgages Payable
D.
Inventory

Quiz

8/10
General Intelligence & Reasoning ability
A bank offers an interest rate of 5% per annum on savings accounts. If a customer deposits £2,000, how much interest will they earn at the end of one year?
Select the answer
1 correct answer
A.
£70
B.
£80
C.
£90
D.
£100

Quiz

9/10
Arithmetical & Numerical Ability
What is the sum of 256 and 489?
Select the answer
1 correct answer
A.
735
B.
745
C.
755
D.
765

Quiz

10/10
English Language & Comprehension
What does the term "liquidity" refer to in finance?
Select the answer
1 correct answer
A.
The ability to pay off debts
B.
The ease of converting assets into cash
C.
The total amount of income generated
D.
The level of risk associated with an investment
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Finance Assistant Practice test therefore represents an excellent tool to prepare for the actual exam together with our Finance Test practice test . Our Finance Assistant Simulator will help you assess your level of preparation and understand your strengths and weaknesses. Below you can read all the quizzes you will find in our Finance Assistant Simulator and how our unique Finance Assistant Database made up of real questions:

Info quiz:

  • Quiz name:Finance Assistant
  • Total number of questions:200
  • Number of questions for the test:100
  • Pass score:70%
  • Number of topics:4 Topics
Study topics:Number of questions:
  • Arithmetical & Numerical Ability:50 Questions
  • English Language & Comprehension:50 Questions
  • General Awareness:50 Questions
  • General Intelligence & Reasoning ability:50 Questions

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