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Created on April 18, 2026 By

CA Sonal Saboo

CMA Inter

Inter FMDA PN-11 Quiz 6

This quiz is based on the CMA Financial Management and Business Data Analytics paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA FMDA concepts.

1 / 25

Category: Financial Management and Business Data Analytics PN-11

1. Any data expressed as a number is a data.

a. graphical

b. descriptive

c. numerical

d. None of the above

2 / 25

Category: Financial Management and Business Data Analytics PN-11

2. To make the data turn into user friendly information, it should go one/more of following core steps:

a. Collection of data

b. Organising the data

c. Data processing

d. All of the above

3 / 25

Category: Financial Management and Business Data Analytics PN-11

3. Which of the following is/are the reason for digitization?

a. Helps in work processing

b. Requires less physical storage space

c. Digitized records may be accessed by more than one person simultaneously

d. All of the above

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Category: Financial Management and Business Data Analytics PN-11

4. Data represented in the form of picture is termed as:

a. Graphic data

b. Qualitative data

c. Quantitative data

d. All of the above

5 / 25

Category: Financial Management and Business Data Analytics PN-11

5. The descriptive data may be deciphered as:

a. May be deciphered in the form of qualitative information

b. May be deciphered in the form of quantitative information

c. May be deciphered in the form of information from informal sources

d. All of the above

6 / 25

Category: Financial Management and Business Data Analytics PN-11

6. Numerical data may be expressed as:

a. In the form of text

b. In the form of numbers

c. In the form of images

d. All of the above

7 / 25

Category: Financial Management and Business Data Analytics PN-11

7. Relationship between change in sales and change in EPS is measured by:

a. Financial leverage

b. Combined leverage

c. Operating leverage

d. All of the above

8 / 25

Category: Financial Management and Business Data Analytics PN-11

8. Use of Preference Share Capital in Capital structure

a. Increases Operating leverage

b. Increases Financial leverage

c. Decreases Operating leverage

d. Decreases Financial leverage

9 / 25

Category: Financial Management and Business Data Analytics PN-11

9. Financial Leverage measures relationship between

a. EBIT and PBT

b. EBIT and EPS

c. Sales and PBT

d. Sales and EPS

10 / 25

Category: Financial Management and Business Data Analytics PN-11

10. Business risk can be measured by:

a. Financial leverage

b. Operating leverage

c. Combined leverage

d. All of the above

11 / 25

Category: Financial Management and Business Data Analytics PN-11

11. Financial Leverage is zero if:

a. EBIT = Interest

b. EBIT = Zero

c. EBIT = Fixed Cost

d. EBIT = Pref. Dividend

12 / 25

Category: Financial Management and Business Data Analytics PN-11

12. Combined leverage can be used to measure the relationship between:

a. EBIT and EPS

b. PAT and EPS

c. Sales and EPS

d. Sales and EBIT

13 / 25

Category: Financial Management and Business Data Analytics PN-11

13. Which combination is generally good for firms?

a. High Operating leverage, High Financial leverage

b. Low Operating leverage, Low Financial leverage

c. High Operating leverage, Low Financial leverage

d. ModerateOperating leverage. Moderate Financial leverage

14 / 25

Category: Financial Management and Business Data Analytics PN-11

14. Financial Leverage is calculated as:

a. EBIT÷ Contribution

b. EBIT÷ PBT

c. EBIT÷ Sales

d. EBIT ÷ Variable Cost

15 / 25

Category: Financial Management and Business Data Analytics PN-11

15. Operating Leverage is calculated as:

a. Contribution ÷ EBIT

b. EBIT÷PBT

c. EBIT ÷Interest

d. EBIT ÷Tax

16 / 25

Category: Financial Management and Business Data Analytics PN-11

16. Financial Leverage arises because of:

a. Fixed cost of production

b. Variable Cost

c. Interest Cost

d. Step Cost

17 / 25

Category: Financial Management and Business Data Analytics PN-11

17. Operating leverage arises because of:

a. Fixed Cost of Production

b. Fixed Interest Cost

c. Variable Cost

d. Step Cost

18 / 25

Category: Financial Management and Business Data Analytics PN-11

18. High degree of financial leverage means:

a. High debt proportion

b. Lower debt proportion

c. Equal debt and equity

d. No debt

19 / 25

Category: Financial Management and Business Data Analytics PN-11

19. Combined Leverage is obtained from OL and FL by their:

a. Addition

b. Subtraction

c. Multiplication

d. Any of these

20 / 25

Category: Financial Management and Business Data Analytics PN-11

20. Which of the following is studied with the help of financial leverage?

a. Marketing Risk

b. Interest Rate Risk

c. Foreign Exchange Risk

d. Financing risk

21 / 25

Category: Financial Management and Business Data Analytics PN-11

21. Operating leverage helps in analysis of:

a. Business Risk

b. Financing Risk

c. Production Risk

d. Credit Risk

22 / 25

Category: Financial Management and Business Data Analytics PN-11

22. If the current ratio is 2.4:1 and working capital is Rs.25,20,000, find the amount of current assets and current liabilities.

a. Current Assets Rs. 43,20,000 and Current Liabilities Rs.18,00,000

b. Current Assets Rs. 44,00,000 and Current Liabilities Rs.18,50,000

c. Current Assets Rs. 45,50,000 and Current Liabilities Rs. 19,00,000

d. Current Assets Rs. 46,60,000 and Current Liabilities Rs. 19,30,000

23 / 25

Category: Financial Management and Business Data Analytics PN-11

23. Average collection period is 2 months, cash sales and average receivables are Rs.5,00,000 and Rs.6,50,000 respectively. The sales amount would be-

a. Rs. 40,00,000

b. Rs. 42,00,000

c. Rs. 44,00,000

d. Rs. 48,50,000

24 / 25

Category: Financial Management and Business Data Analytics PN-11

24. Conversation of marketable securities into cash entails a fixed cost of Rs.1,000 per transaction. What will be the optimal conversation size as per Baumol model of cash management?

a. Rs. 315,628

b. Rs. 316,228

c. Rs. 317,678

d. Rs. 318,426

25 / 25

Category: Financial Management and Business Data Analytics PN-11

25. Spontaneous financing consists of

a. a line of credit

b. short-term loans

c. accounts receivable

d. accounts payable

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Inter PN-11 FMDA Quiz 6

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