Correct Answer:
D. All information, public and private
Weak form: past prices; semi-strong: public information; strong: all information.
November 13, 2026 · Accounting and Finance MCQs, Financial Management & Analysis MCQs
The strong form of the Efficient Market Hypothesis states that share prices reflect:
Related MCQs
The crowding-out effect refers to:
A.
Private investment increasing government revenue
B.
Government borrowing raising interest rates and reducing private investment
C.
Government spending reducing unemployment
D.
Taxes reducing consumption only
Correct answer is:
B. Government borrowing raising interest rates and reducing private investment
Do you agree with this answer?
A contingency fund is:
A.
A fund kept to meet urgent unforeseen expenditure
B.
A fund for planned salaries
C.
A fund for repayment of loans only
D.
A private fund of officers
Correct answer is:
A. A fund kept to meet urgent unforeseen expenditure
Do you agree with this answer?
The statement of financial position (balance sheet) shows:
A.
Income and expenses for a period
B.
Cash flows for a period
C.
Assets, liabilities and equity at a particular date
D.
Changes in equity only
Correct answer is:
C. Assets, liabilities and equity at a particular date
Do you agree with this answer?
Actual price is Rs. 12, standard price is Rs. 10 and 500 units were purchased. The material price variance is:
A.
Rs. 1,000 adverse
B.
Rs. 1,000 favorable
C.
Rs. 5,000 adverse
D.
Rs. 600 adverse
Correct answer is:
A. Rs. 1,000 adverse
Do you agree with this answer?
Under the imprest system of petty cash, the petty cash is:
A.
Never reimbursed
B.
Kept without a limit
C.
Reimbursed periodically to restore it to a fixed amount
D.
Recorded only in the ledger
Correct answer is:
C. Reimbursed periodically to restore it to a fixed amount
Do you agree with this answer?
A flexible budget is a budget that:
A.
Never changes
B.
Includes only fixed costs
C.
Is adjusted to the actual level of activity achieved
D.
Is prepared without forecasting
Correct answer is:
C. Is adjusted to the actual level of activity achieved
Do you agree with this answer?
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