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MBA Forensic Accounting and Fraud Investigation - NFAT Mock test

NFAT Entrance Exam Mock Test for MBA Forensic Accounting and Fraud Investigation 2025

General Knowledge, Logical Reasoning, Mathematical Reasoning, Data Interpretation, ICT, and Communication (60 Questions)

1. Who is known as the "Father of Modern Accounting"?

A) Adam Smith
B) Karl Marx
C) Luca Pacioli
D) John Maynard Keynes

2. What is the currency of Brazil?

A) Peso
B) Real
C) Dollar
D) Euro

3. Which organization regulates international financial reporting standards?

A) WTO
B) IMF
C) IASB
D) OECD

4. What does GST stand for in the context of Indian taxation?

A) Goods and Services Tax
B) General Sales Tax
C) Government Service Tax
D) Global Standards Tax

5. Which Indian city is known as the "Financial Capital of India"?

A) Delhi
B) Mumbai
C) Bangalore
D) Chennai

6. What is the capital of France?

A) London
B) Berlin
C) Paris
D) Madrid

7. If A is B’s sister, C is B’s mother, and D is A’s father, how is D related to C?

A) Son
B) Husband
C) Brother
D) Father

8. Find the missing number: 3, 7, 13, 21, ?

A) 28
B) 30
C) 32
D) 34

9. If CAT is coded as 3120, how is DOG coded?

A) 4157
B) 4167
C) 4156
D) 4168

10. If 5 workers complete a task in 10 days, how many days will 10 workers take?

A) 5 days
B) 7 days
C) 8 days
D) 10 days

11. In a certain code, FLOWER is written as EKRZLU. How is GARDEN written?

A) FJHLTK
B) AFOTCY
C) FJHLTK
D) FJHLTK

12. If the day after tomorrow is Thursday, what day is it today?

A) Tuesday
B) Wednesday
C) Monday
D) Friday

13. What is the value of 15% of 200?

A) 20
B) 30
C) 25
D) 35

14. If a book costs Rs. 300 after a 20% discount, what was its original price?

A) Rs. 375
B) Rs. 350
C) Rs. 400
D) Rs. 360

15. What is the simple interest on Rs. 5000 at 5% per annum for 2 years?

A) Rs. 400
B) Rs. 450
C) Rs. 500
D) Rs. 550

16. If the ratio of two numbers is 3:5 and their sum is 80, what is the smaller number?

A) 20
B) 30
C) 40
D) 50

17. What is the value of (2^3) * (3^2)?

A) 72
B) 64
C) 81
D) 48

18. If x + y = 10 and x - y = 4, what is the value of x?

A) 6
B) 7
C) 8
D) 5

19. A company’s sales in 2023 were Rs. 50 lakh, and in 2024, they increased by 20%. What were the sales in 2024?

A) Rs. 55 lakh
B) Rs. 58 lakh
C) Rs. 60 lakh
D) Rs. 62 lakh

20. A pie chart shows expenses: Rent (30%), Salaries (40%), and Others (30%). If total expenses are Rs. 10,000, how much is spent on Salaries?

A) Rs. 3000
B) Rs. 4000
C) Rs. 5000
D) Rs. 6000

21. A bar graph shows sales of 3 products: A (200 units), B (300 units), C (500 units). What is the total number of units sold?

A) 1000
B) 900
C) 800
D) 1100

22. A company’s profit increased from Rs. 2 lakh to Rs. 3 lakh. What is the percentage increase?

A) 25%
B) 40%
C) 50%
D) 75%

23. A table shows employee salaries: 5 employees earn Rs. 20,000 each, and 3 earn Rs. 30,000 each. What is the average salary?

A) Rs. 22,500
B) Rs. 23,750
C) Rs. 24,000
D) Rs. 25,000

24. A line graph shows sales over 4 months: Jan (100), Feb (150), Mar (200), Apr (250). What is the average monthly sales?

A) 175
B) 150
C) 200
D) 225

25. What does ERP stand for in business technology?

A) Enterprise Resource Planning
B) Enterprise Risk Planning
C) Economic Resource Processing
D) Enterprise Reporting Program

26. Which software is commonly used for financial accounting?

A) Microsoft Word
B) Adobe Photoshop
C) Tally
D) AutoCAD

27. What is the purpose of a firewall in ICT?

A) To protect networks from unauthorized access
B) To store data
C) To increase internet speed
D) To design websites

28. What is phishing in the context of cybersecurity?

A) A type of software update
B) A fraudulent attempt to obtain sensitive information
C) A data storage technique
D) A network optimization tool

29. Which protocol is used for secure web browsing?

A) FTP
B) HTTP
C) HTTPS
D) SMTP

30. What is the purpose of data encryption?

A) To protect data from unauthorized access
B) To increase data storage
C) To delete data
D) To format data

31. Identify the grammatically correct sentence:

A) The manager don’t approve the budget.
B) The manager doesn’t approve the budget.
C) The manager not approves the budget.
D) The manager doesn’t approves the budget.

32. Choose the correct preposition: The report is due ___ Monday.

A) on
B) at
C) in
D) by

33. Choose the word most similar to “Persuade”:

A) Discourage
B) Convince
C) Ignore
D) Prevent

34. Choose the correctly spelled word:

A) Accomodation
B) Accommodation
C) Acommodation
D) Accomodation

35. Fill in the blank: The meeting was ___ due to unforeseen circumstances.

A) postponed
B) conducted
C) completed
D) initiated

36. Choose the correct article: ___ honest accountant is essential for the company.

A) A
B) An
C) The
D) No article

37. Identify the error: The company have launched a new product.

A) company
B) have
C) launched
D) product

38. Choose the correct form of the verb: The team ___ working on the project.

A) is
B) are
C) were
D) was

39. Choose the word opposite to “Transparent”:

A) Clear
B) Opaque
C) Visible
D) Open

40. What is the purpose of a memo in business communication?

A) To advertise products
B) To conduct surveys
C) To convey internal information
D) To negotiate contracts

41. What is the chemical symbol for gold?

A) Ag
B) Au
C) Fe
D) Cu

42. If 3 pens cost Rs. 12, how much will 5 pens cost?

A) Rs. 20
B) Rs. 18
C) Rs. 15
D) Rs. 22

43. What does VPN stand for in ICT?

A) Virtual Public Network
B) Virtual Processing Node
C) Virtual Private Network
D) Virtual Protocol Network

44. In a certain code, PQR is written as STU. How is XYZ written?

A) ABC
B) YZA
C) ZAB
D) WXY

45. A company’s expenses are: Salaries (50%), Rent (30%), Others (20%). If Salaries are Rs. 25,000, what is the total expense?

A) Rs. 50,000
B) Rs. 40,000
C) Rs. 45,000
D) Rs. 55,000

46. Choose the correct sentence: The CEO ___ the meeting yesterday.

A) conduct
B) conducted
C) conducting
D) conducts

47. What is the largest planet in our solar system?

A) Earth
B) Mars
C) Jupiter
D) Saturn

48. What is the value of 25% of 80?

A) 20
B) 25
C) 15
D) 30

49. What is malware in ICT?

A) A hardware component
B) Malicious software
C) A network protocol
D) A database system

50. A bar graph shows sales: Product A (100), Product B (200), Product C (300). What percentage of total sales is Product A?

A) 20%
B) 25%
C) 16.67%
D) 33.33%

51. Choose the word most similar to “Ethical”:

A) Unfair
B) Moral
C) Illegal
D) Dishonest

52. If the sequence is 1, 4, 9, 16, what is the next term?

A) 25
B) 20
C) 30
D) 36

53. What does CRM stand for in business technology?

A) Customer Resource Management
B) Corporate Risk Management
C) Customer Relationship Management
D) Client Revenue Management

54. If a product’s price increases from Rs. 200 to Rs. 250, what is the percentage increase?

A) 20%
B) 25%
C) 30%
D) 35%

55. What is the purpose of a digital signature?

A) To verify the authenticity of a document
B) To store data
C) To increase internet speed
D) To design websites

56. Choose the correct sentence: The team ___ their goals last quarter.

A) achieve
B) achieved
C) achieving
D) achieves

57. A company’s revenue grew from Rs. 10 lakh to Rs. 12 lakh. What is the percentage growth?

A) 10%
B) 15%
C) 20%
D) 25%

58. What is the capital of Japan?

A) Tokyo
B) Beijing
C) Seoul
D) Bangkok

59. If A is taller than B, and B is taller than C, who is the shortest?

A) A
B) C
C) B
D) Cannot determine

60. What is the purpose of cloud computing?

A) To design websites
B) To increase hardware storage
C) To provide on-demand computing resources
D) To encrypt data

Fundamentals of Management (40 Questions)

61. Who is known as the "Father of Scientific Management"?

A) Henry Fayol
B) Elton Mayo
C) Frederick Taylor
D) Max Weber

62. What is the primary function of management?

A) Planning, organizing, leading, and controlling
B) Marketing and sales
C) Financial auditing
D) Product development

63. What is delegation in management?

A) Centralizing decision-making
B) Assigning tasks to subordinates
C) Eliminating tasks
D) Ignoring responsibilities

64. Which management principle emphasizes division of work?

A) Unity of command
B) Scalar chain
C) Specialization
D) Centralization

65. What is the primary goal of financial management?

A) Maximizing shareholder wealth
B) Minimizing employee salaries
C) Reducing product quality
D) Increasing operational costs

66. What is a balance sheet?

A) A record of daily transactions
B) A snapshot of a company’s financial position
C) A marketing plan
D) A sales forecast

67. What is the formula for Return on Investment (ROI)?

A) Revenue / Cost
B) Cost / Revenue
C) (Gain - Cost) / Cost
D) Revenue - Cost

68. What is depreciation in financial accounting?

A) Allocation of an asset’s cost over its useful life
B) Increase in asset value
C) Reduction in liabilities
D) Increase in revenue

69. What is forensic accounting primarily concerned with?

A) Marketing analysis
B) Investigating financial fraud
C) Product development
D) Human resource management

70. What is a cash flow statement?

A) A record of employee salaries
B) A marketing budget
C) A summary of cash inflows and outflows
D) A sales report

71. What is the marketing mix?

A) Product, Price, Place, Promotion
B) People, Process, Product, Price
C) Plan, Price, Promotion, People
D) Product, Plan, Place, Process

72. What is market segmentation?

A) Selling to all customers
B) Dividing the market into distinct groups
C) Reducing product variety
D) Increasing production costs

73. What is the purpose of a SWOT analysis in marketing?

A) To calculate profits
B) To reduce employee turnover
C) To identify strengths, weaknesses, opportunities, and threats
D) To manage inventory

74. What is brand equity?

A) The value of a brand based on customer perception
B) The cost of developing a brand
C) The number of products sold
D) The company’s total revenue

75. What is the primary function of human resource management?

A) Product development
B) Managing employee recruitment and retention
C) Financial auditing
D) Marketing strategy

76. What is job analysis in HRM?

A) Setting product prices
B) Marketing products
C) Identifying job duties and requirements
D) Calculating profits

77. What is the purpose of employee training?

A) To enhance skills and performance
B) To reduce employee salaries
C) To increase production costs
D) To eliminate jobs

78. What is performance appraisal?

A) Setting marketing goals
B) Evaluating employee performance
C) Calculating profits
D) Designing products

79. What is the primary focus of strategic management?

A) Daily operations
B) Employee training
C) Long-term planning and competitive advantage
D) Product pricing

80. What is a mission statement?

A) A statement of an organization’s purpose
B) A financial report
C) A marketing plan
D) An employee handbook

81. What is Porter’s Five Forces used for?

A) Calculating profits
B) Analyzing industry competitiveness
C) Managing employee salaries
D) Designing products

82. What is a competitive advantage?

A) Increasing production costs
B) Reducing employee salaries
C) A unique strength that differentiates a company
D) Ignoring market trends

83. What is the mean of the numbers: 2, 4, 6, 8, 10?

A) 5
B) 6
C) 7
D) 8

84. What is the median of the numbers: 3, 7, 1, 9, 5?

A) 1
B) 3
C) 5
D) 7

85. What is the probability of rolling a 4 on a six-sided die?

A) 1/6
B) 1/4
C) 1/3
D) 1/2

86. What is the mode of the dataset: 1, 2, 2, 3, 4?

A) 1
B) 2
C) 3
D) 4

87. What is a correlation coefficient?

A) A measure of central tendency
B) A measure of dispersion
C) A measure of the strength of a relationship between variables
D) A measure of probability

88. What is the standard deviation used for in statistics?

A) Measuring data variability
B) Calculating the mean
C) Determining the median
D) Predicting outcomes

89. What is the purpose of a business report?

A) To advertise products
B) To provide information for decision-making
C) To negotiate contracts
D) To conduct surveys

90. What is active listening in business communication?

A) Ignoring the speaker
B) Responding without understanding
C) Fully focusing on and understanding the speaker
D) Interrupting the speaker

91. What is the purpose of a business proposal?

A) To persuade stakeholders to approve a project
B) To record daily transactions
C) To calculate profits
D) To design products

92. What is non-verbal communication?

A) Written reports
B) Body language and gestures
C) Financial statements
D) Marketing campaigns

93. What is the purpose of a budget in financial management?

A) To design products
B) To hire employees
C) To plan and control financial resources
D) To market products

94. What is market positioning?

A) Creating a distinct image of a product in the market
B) Reducing product quality
C) Increasing production costs
D) Eliminating competitors

95. What is the purpose of a performance management system in HRM?

A) To reduce employee salaries
B) To align employee goals with organizational objectives
C) To design products
D) To market products

96. What is a vision statement in strategic management?

A) A financial report
B) A marketing plan
C) A statement of an organization’s future aspirations
D) An employee handbook

97. What is the purpose of ratio analysis in financial management?

A) To evaluate financial performance
B) To design products
C) To hire employees
D) To market products

98. What is the purpose of a focus group in marketing?

A) To calculate profits
B) To gather consumer feedback
C) To manage inventory
D) To train employees

99. What is the purpose of variance analysis in business statistics?

A) To design products
B) To market products
C) To compare actual and budgeted performance
D) To hire employees

100. What is the purpose of a code of ethics in business communication?

A) To guide ethical behavior and communication
B) To design products
C) To calculate profits
D) To reduce employee salaries

Test Results

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