In Excel, which function is used to calculate the internal rate of return for a series of cash flows? MCQ with Answer and Explanation

In Excel, which function is used to calculate the internal rate of return for a series of cash flows?
A. PV
B. RATE
C. NPV
D. IRR
Answer: Option D
Solution (By JKSSB Mock Tests)
IRR calculates the internal rate of return. NPV calculates net present value, PV present value, RATE interest rate.

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Practice More Microsoft Office Questions

Question #1
What is the shortcut key to open the 'Print' preview in MS Office?
A. All of the above
B. Ctrl + P
C. Ctrl + F2
D. Alt + F, P

Correct Answer: Option A


Explanation:
Ctrl+F2 opens print preview in some apps, Ctrl+P opens print dialog/backstage, Alt+F,P also opens print. So all are valid.

This question belongs to: Computer Microsoft Office
Question #2
What is the shortcut key configuration used to expand or collapse the entire top menu Ribbon interface bar across MS Office products?
A. Ctrl + F1
B. Ctrl + F2
C. Alt + F1
D. Ctrl + Shift + R

Correct Answer: Option A


Explanation:
Ctrl + F1 is the universal keyboard shortcut to hide or show the main Ribbon tools layout menu to maximize screen workspace real estate.

This question belongs to: Computer Microsoft Office
Question #3
In Excel, what does the 'VLOOKUP' function stand for?
A. Vector Lookup
B. Vertical Lookup
C. Variable Lookup
D. Value Lookup

Correct Answer: Option B


Explanation:
VLOOKUP stands for Vertical Lookup, used to search for a value in the first column of a table and return a value in the same row from another column.

This question belongs to: Computer Microsoft Office