MBA Forensic Accounting and Fraud Investigation 2025

NFAT Entrance Exam Mock Test for MBA Forensic Accounting and Fraud Investigation

General Aptitude (60 Questions)

1. Who is the current Governor of the Reserve Bank of India as of 2025?

A) Urjit Patel

B) Shaktikanta Das

C) Raghuram Rajan

D) D Subbarao

2. Which organization oversees the regulation of securities in India?

A) RBI

B) IRDAI

C) SEBI

D) NABARD

3. The Securities and Exchange Board of India (SEBI) was established in which year?

A) 1992

B) 1988

C) 1995

D) 2000

4. Which city hosts the headquarters of the Reserve Bank of India?

A) New Delhi

B) Kolkata

C) Chennai

D) Mumbai

5. Who authored the book "Principles of Economics"?

A) Adam Smith

B) John Maynard Keynes

C) Alfred Marshall

D) Milton Friedman

6. Which index represents the top 50 companies listed on the National Stock Exchange?

A) SENSEX

B) NIFTY

C) BSE

D) MCX

7. What is the primary source of funding for public sector banks in India?

A) Government

B) Private investors

C) Foreign loans

D) Public deposits

8. Which body regulates insurance companies in India?

A) RBI

B) SEBI

C) IRDAI

D) NABARD

9. The term 'FDI' stands for:

A) Foreign Direct Investment

B) Financial Development Index

C) Fiscal Deficit Indicator

D) Foreign Debt Investment

10. Which Indian state is a hub for financial services and banking?

A) Kerala

B) Rajasthan

C) Punjab

D) Maharashtra

11. If X is Y's sister, Z is Y's mother, and W is X's father, who is W to Z?

A) Son

B) Brother

C) Husband

D) Father

12. Complete the series: 3, 8, 15, 24, 35, ?

A) 45

B) 48

C) 50

D) 52

13. If 'PEN' is coded as 'QFO', how is 'INK' coded?

A) JOL

B) KPM

C) LQN

D) MRO

14. If all apples are fruits, and some fruits are sweet, which is true?

A) All apples are sweet

B) Some apples are not sweet

C) All fruits are apples

D) Some apples may be sweet

15. A woman walks 6 km east, then 8 km north, then 6 km west. How far is she from her starting point?

A) 6 km

B) 8 km

C) 10 km

D) 12 km

16. If tomorrow is Tuesday, what day is today?

A) Sunday

B) Wednesday

C) Monday

D) Thursday

17. If M is coded as 13, N as 14, what is the code for Q?

A) 16

B) 17

C) 18

D) 19

18. In a group of 6 people, if each shakes hands with every other person once, how many handshakes occur?

A) 10

B) 12

C) 15

D) 18

19. If the code for 'FISH' is 'GJTI', what is the code for 'BIRD'?

A) CJSE

B) DKTF

C) ELUG

D) FMVH

20. If some dogs are brown, and all brown animals are mammals, which is true?

A) All dogs are mammals

B) Some dogs are not mammals

C) All mammals are dogs

D) Some dogs are mammals

21. What is 20% of 250?

A) 40

B) 50

C) 60

D) 70

22. If 5x - 7 = 18, what is the value of x?

A) 3

B) 4

C) 5

D) 6

23. A car travels 150 km in 3 hours. What is its speed in km/h?

A) 50

B) 60

C) 75

D) 80

24. What is the compound interest on ₹20,000 at 4% per annum for 2 years?

A) ₹1600

B) ₹1632

C) ₹1700

D) ₹1800

25. If the ratio of men to women in a team is 2:3 and there are 25 people, how many men are there?

A) 8

B) 9

C) 10

D) 12

26. What is the LCM of 15 and 20?

A) 30

B) 60

C) 45

D) 75

27. If a number is increased by 30% and then decreased by 25%, what is the net percentage change?

A) 2.5%

B) 5%

C) -2.5%

D) -5%

28. If 3 books cost ₹90, how much will 5 books cost?

A) ₹150

B) ₹120

C) ₹180

D) ₹135

29. A company’s revenue in 2023 was ₹800,000, and in 2024, it increased by 15%. What was the revenue in 2024?

A) ₹900,000

B) ₹920,000

C) ₹920,000

D) ₹950,000

30. A pie chart shows expenses: 35% salaries, 25% rent, 20% utilities, 20% others. If total expenses are ₹50,000, how much is spent on utilities?

A) ₹8,000

B) ₹10,000

C) ₹12,000

D) ₹15,000

31. A bar graph shows sales of products X, Y, and Z as 150, 250, and 350 units. What is the average sales per product?

A) 250

B) 300

C) 350

D) 400

32. If a company’s profit increased by 5% each year for 3 years, what is the overall percentage increase?

A) 15%

B) 15.5%

C) 15.76%

D) 15.76%

33. A table shows employee salaries: ₹30,000, ₹35,000, ₹40,000, ₹45,000. What is the median salary?

A) ₹32,500

B) ₹35,000

C) ₹37,500

D) ₹40,000

34. If 70% of a company’s employees are male and there are 400 employees, how many are female?

A) 100

B) 120

C) 140

D) 160

35. A line graph shows monthly sales: Apr (₹20,000), May (₹25,000), Jun (₹30,000). What is the percentage increase from Apr to Jun?

A) 50%

B) 40%

C) 30%

D) 25%

36. What does the acronym 'URL' stand for?

A) Uniform Resource Link

B) Universal Resource Locator

C) Uniform Resource Locator

D) Universal Reference Link

37. Which of the following is a cloud computing platform?

A) Microsoft Azure

B) Adobe Illustrator

C) Microsoft Word

D) CorelDRAW

38. What is the primary function of antivirus software?

A) To design websites

B) To protect against malware

C) To manage databases

D) To edit videos

39. Which of the following is an example of a programming language?

A) Microsoft Excel

B) Adobe Acrobat

C) Notepad

D) Python

40. What is the full form of 'WAN'?

A) Wide Access Network

B) Wireless Area Network

C) Wide Area Network

D) Web Application Network

41. Which protocol is used for secure web browsing?

A) FTP

B) HTTPS

C) SMTP

D) SNMP

42. What is the purpose of a database management system?

A) To store and manage data

B) To create websites

C) To edit images

D) To secure networks

43. Which of the following is a key element of effective communication?

A) Vagueness

B) Conciseness

C) Complexity

D) Ambiguity

44. Which of the following is an example of non-verbal communication?

A) Email

B) Report

C) Facial expression

D) Memo

45. What is the primary goal of a corporate presentation?

A) To persuade or inform

B) To entertain

C) To confuse

D) To distract

46. Which of the following is a barrier to effective communication?

A) Feedback

B) Clarity

C) Active listening

D) Language barriers

47. Which type of communication is most suitable for official business proposals?

A) Verbal

B) Written

C) Non-verbal

D) Informal

48. What is the role of active listening in communication?

A) To interrupt the speaker

B) To distract the audience

C) To ensure understanding

D) To stop the conversation

49. Which of the following improves communication effectiveness?

A) Clear articulation

B) Multitasking

C) Distractions

D) Interruptions

50. Which Indian state is known for its diamond trading industry?

A) Maharashtra

B) Gujarat

C) Karnataka

D) Tamil Nadu

51. If the code for 'TABLE' is 'VBCFM', what is the code for 'CHAIR'?

A) FJHLTK

B) IKSVMU

C) FJHLTK

D) GLIMUL

52. What is the probability of drawing a red card from a standard deck of 52 cards?

A) 1/3

B) 1/4

C) 1/2

D) 2/3

53. A shop offers a 15% discount on a ₹200 item. What is the final price?

A) ₹160

B) ₹165

C) ₹170

D) ₹175

54. Which of the following is a database management system?

A) Microsoft Access

B) Oracle

C) Microsoft PowerPoint

D) Adobe Photoshop

55. What is the purpose of a router in networking?

A) To direct data traffic

B) To store data

C) To edit documents

D) To create graphics

56. If 30% of a number is 60, what is the number?

A) 150

B) 200

C) 250

D) 300

57. Which of the following is a form of digital communication?

A) Speech

B) Gesture

C) Instant messaging

D) Body language

58. What is the capital of Japan?

A) Beijing

B) Tokyo

C) Seoul

D) Bangkok

59. If 3x + 4 = 19, what is the value of x?

A) 5

B) 6

C) 7

D) 8

60. Which of the following is a type of cybersecurity threat?

A) Burglary

B) Malware

C) Arson

D) Forgery

Management Subjects (40 Questions)

61. Who is known as the father of scientific management?

A) Henri Fayol

B) Elton Mayo

C) Max Weber

D) Frederick Taylor

62. Which of the following is one of Taylor’s principles of scientific management?

A) Centralization

B) Equity

C) Scientific selection

D) Workforce diversity

63. What is the primary purpose of the controlling function in management?

A) Setting goals

B) Monitoring performance

C) Hiring employees

D) Designing products

64. Which management function involves motivating employees?

A) Planning

B) Organizing

C) Leading

D) Controlling

65. What is the role of a manager in the planning function?

A) Allocating resources

B) Setting objectives

C) Evaluating performance

D) Recruiting staff

66. Which leadership style encourages employee participation in decision-making?

A) Autocratic

B) Laissez-faire

C) Democratic

D) Bureaucratic

67. What is the main objective of financial management?

A) Wealth maximization

B) Employee satisfaction

C) Market expansion

D) Product innovation

68. Which of the following is a source of short-term financing?

A) Equity shares

B) Commercial paper

C) Debentures

D) Bonds

69. What does the term 'working capital' refer to?

A) Long-term investments

B) Fixed assets

C) Current assets minus current liabilities

D) Total revenue

70. What is the purpose of financial forecasting?

A) To predict future financial performance

B) To design marketing campaigns

C) To hire employees

D) To develop products

71. What is the formula for calculating the Debt-to-Equity ratio?

A) Total assets / Total equity

B) Net profit / Total debt

C) Total debt / Total equity

D) Total revenue / Total debt

72. What is the purpose of a cash flow statement?

A) To show profit margins

B) To track cash inflows and outflows

C) To manage inventory

D) To design marketing plans

73. What is the primary goal of marketing management?

A) Reducing costs

B) Building customer relationships

C) Managing finances

D) Hiring employees

74. Which of the following is part of the marketing mix?

A) Recruitment

B) Accounting

C) Promotion

D) Inventory

75. What is target marketing?

A) Increasing production

B) Focusing on specific customer groups

C) Setting financial goals

D) Designing products

76. What is the purpose of a PEST analysis in marketing?

A) To calculate profits

B) To hire staff

C) To design products

D) To evaluate external factors

77. Which of the following is a direct marketing tool?

A) Inventory management

B) Financial planning

C) Email campaigns

D) Employee training

78. What is the primary focus of human resource management?

A) Product development

B) Employee development

C) Financial planning

D) Market expansion

79. Which of the following is a function of HRM?

A) Market research

B) Product design

C) Training and development

D) Financial forecasting

80. What is the purpose of succession planning?

A) To increase sales

B) To prepare for leadership transitions

C) To design products

D) To set financial goals

81. What is job evaluation in HRM?

A) Setting sales targets

B) Designing advertisements

C) Managing finances

D) Determining job worth

82. What is the purpose of employee onboarding?

A) To reduce production costs

B) To integrate new employees

C) To increase market share

D) To design products

83. What is the primary focus of strategic management?

A) Daily operations

B) Achieving long-term goals

C) Employee recruitment

D) Inventory control

84. Which of the following is a component of Porter’s Five Forces?

A) Employee turnover

B) Product design

C) Bargaining power of buyers

D) Financial planning

85. What is a mission statement?

A) A statement of purpose

B) A financial report

C) A marketing campaign

D) A daily operational plan

86. What is the purpose of an Ansoff Matrix?

A) To recruit employees

B) To manage inventory

C) To design products

D) To plan growth strategies

87. What does differentiation strategy refer to?

A) High employee turnover

B) Increased production costs

C) Offering unique products

D) Reduced market share

88. What is the mean of the numbers 15, 25, 35, 45, 55?

A) 30

B) 32

C) 35

D) 40

89. What is the median of the numbers 10, 20, 30, 40, 50?

A) 20

B) 30

C) 40

D) 50

90. What is the mode of the numbers 3, 4, 4, 5, 6?

A) 4

B) 5

C) 6

D) 3

91. What is the probability of rolling a 3 on a six-sided die?

A) 1/4

B) 1/3

C) 1/2

D) 1/6

92. What does regression analysis measure in statistics?

A) Central tendency

B) Relationship between variables

C) Data dispersion

D) Sample size

93. What is the purpose of a business proposal?

A) To entertain employees

B) To advertise products

C) To persuade stakeholders

D) To recruit staff

94. Which of the following is an example of formal communication?

A) Social media post

B) Annual report

C) Casual conversation

D) Text message

95. What is the tone of a professional business letter?

A) Casual

B) Formal

C) Humorous

D) Sarcastic

96. Which of the following is a characteristic of effective business communication?

A) Ambiguity

B) Complexity

C) Redundancy

D) Clarity

97. What is the purpose of a financial report?

A) To entertain

B) To confuse

C) To inform stakeholders

D) To advertise products

98. What is the primary focus of financial management?

A) Optimizing financial resources

B) Marketing financial products

C) Managing employee payroll

D) Designing financial software

99. Which of the following is a common financial instrument?

A) Product patent

B) Corporate bond

C) Marketing campaign

D) Employee handbook

100. What is the purpose of capital budgeting?

A) To increase sales

B) To design products

C) To evaluate investment projects

D) To recruit employees

Test Results