The primary goal of financial management is: MCQ with Answer and Explanation

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The primary goal of financial management is:

A. Minimising risk

B. Maximising earnings per share (EPS)

C. Maximising shareholder wealth

D. Maximising revenue

Answer: Option C

Solution (By JKSSB Mock Tests)

The prime objective is wealth maximisation, reflected in market value of shares.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

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A bank directly credits interest ₹500 and debits charges ₹100. The net effect to be adjusted in cash book while reconciling from cash book to passbook is:

A. Deduct ₹400

B. Add ₹500 and deduct ₹100

C. Add ₹400

D. Add ₹500 only

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Correct Answer: Option C

Explanation:
Net effect = 500 credit - 100 debit = +400. So add ₹400 to cash book balance.

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Question #2

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The 'Income Tax Return' form for individuals having salary and one house property is:

A. ITR-2

B. ITR-1 (Sahaj)

C. ITR-3

D. ITR-4

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Correct Answer: Option B

Explanation:
ITR-1 is for individuals with salary, one house property, other sources, total income up to ₹50 lakh.

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Question #3

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'Internal Control' is the responsibility of:

A. Auditor

B. Management

C. Shareholders

D. Government

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Correct Answer: Option B

Explanation:
Management is responsible for establishing and maintaining internal controls.

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