Which field type in an MS Access database table is most suitable for storing monetary values and financial transaction amounts to avoid rounding errors? MCQ with Answer and Explanation

Which field type in an MS Access database table is most suitable for storing monetary values and financial transaction amounts to avoid rounding errors?
A. Short Text
B. Number
C. Currency
D. Calculated
Answer: Option C
Solution (By JKSSB Mock Tests)
The Currency data type prevents rounding calculations during financial updates, locking precision values up to 4 decimal places.

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Practice More Microsoft Office Questions

Question #1
In MS Access, what is the default data type for a new text field (Short Text)?
A. Memo
B. Short Text
C. Currency
D. Number

Correct Answer: Option B


Explanation:
In Access 2013/2016, the default data type for a text field is Short Text (previously Text).

This question belongs to: Computer Microsoft Office
Question #2
Which Access object provides a structured, formatted output designed for printing?
A. Form
B. Module
C. Query
D. Report

Correct Answer: Option D


Explanation:
Reports are for printed output. Forms are on-screen, queries retrieve data, modules contain VBA code.

This question belongs to: Computer Microsoft Office
Question #3
In MS Access, a unique key that prevents duplicate entries and uniquely distinguishes each record or row in a table database is known as the:
A. Composite Key
B. Primary Key
C. Foreign Key
D. Candidate Key

Correct Answer: Option B


Explanation:
The Primary Key is a field or combination of fields that uniquely identifies each record in an Access table and cannot contain null or duplicate values.

This question belongs to: Computer Microsoft Office