MBA Forensic Accounting and Fraud Investigation - NFAT Mock Test

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

General Aptitude (60 Questions)

1. Who is the current Finance Minister of India as of 2025?

A) Arun Jaitley

B) Piyush Goyal

C) Nirmala Sitharaman

D) Rajnath Singh

2. Which international organization regulates global financial markets?

A) WHO

B) IMF

C) UNESCO

D) WTO

3. The Goods and Services Tax (GST) in India was implemented in which year?

A) 2017

B) 2015

C) 2019

D) 2020

4. Which Indian city is known as the financial capital of India?

A) Delhi

B) Bengaluru

C) Chennai

D) Mumbai

5. Who wrote the book "The Wealth of Nations"?

A) Karl Marx

B) Adam Smith

C) John Keynes

D) Milton Friedman

6. Which of the following is a major stock exchange in India?

A) NIFTY

B) SENSEX

C) BSE

D) MCX

7. If A is B's brother, C is B's sister, and D is A's father, who is D to C?

A) Father

B) Brother

C) Son

D) Husband

8. Complete the series: 2, 5, 10, 17, 26, ?

A) 32

B) 35

C) 38

D) 40

9. If 'CAT' is coded as 'DBU', how is 'DOG' coded?

A) EPH

B) EPI

C) FQH

D) EQI

10. If all roses are flowers, and some flowers are red, which of the following is true?

A) All roses are red

B) Some roses are not red

C) All flowers are roses

D) Some roses may be red

11. A man walks 5 km north, then 3 km east, then 4 km south. How far is he from his starting point?

A) 5 km

B) 3 km

C) 4 km

D) 6 km

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

A) Monday

B) Monday

C) Tuesday

D) Sunday

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

A) 20

B) 25

C) 30

D) 35

14. If 3x + 5 = 20, what is the value of x?

A) 5

B) 6

C) 7

D) 8

15. A train travels 120 km in 2 hours. What is its speed in km/h?

A) 50

B) 60

C) 70

D) 80

16. What is the compound interest on ₹10,000 at 5% per annum for 2 years?

A) ₹1000

B) ₹1025

C) ₹1050

D) ₹1025

17. If the ratio of boys to girls in a class is 3:2 and there are 30 students, how many boys are there?

A) 18

B) 12

C) 15

D) 20

18. What is the LCM of 12 and 18?

A) 24

B) 36

C) 36

D) 48

19. A company’s sales in 2023 were ₹500,000, and in 2024, they increased by 20%. What were the sales in 2024?

A) ₹550,000

B) ₹600,000

C) ₹650,000

D) ₹700,000

20. A pie chart shows expenses: 40% rent, 30% food, 20% transport, 10% others. If total expenses are ₹10,000, how much is spent on transport?

A) ₹1000

B) ₹1500

C) ₹2000

D) ₹2500

21. A bar graph shows sales of products A, B, and C as 200, 300, and 500 units. What is the average sales per product?

A) 333.33

B) 350

C) 400

D) 450

22. If a company’s profit increased by 10% each year for 3 years, what is the overall percentage increase?

A) 30%

B) 33%

C) 27%

D) 33.1%

23. A table shows employee salaries: ₹20,000, ₹25,000, ₹30,000, ₹35,000. What is the median salary?

A) ₹25,000

B) ₹27,500

C) ₹30,000

D) ₹32,500

24. If 60% of employees are male and the company has 500 employees, how many are female?

A) 150

B) 200

C) 200

D) 250

25. What does the acronym 'HTTP' stand for?

A) Hyper Text Transport Protocol

B) Hyper Text Transfer Protocol

C) High Text Transfer Protocol

D) Hyperlink Text Transfer Protocol

26. Which of the following is a cloud storage service?

A) Google Drive

B) Microsoft Excel

C) Adobe Photoshop

D) Windows Explorer

27. What is the primary function of a firewall?

A) To store data

B) To process data

C) To protect networks

D) To create websites

28. Which of the following is an example of an operating system?

A) Microsoft Word

B) Google Chrome

C) Adobe Acrobat

D) Windows 10

29. What is the full form of 'LAN'?

A) Local Access Network

B) Local Area Network

C) Large Area Network

D) Linked Area Network

30. Which protocol is used for sending emails?

A) SMTP

B) FTP

C) HTTP

D) SNMP

31. Which of the following is a characteristic of effective communication?

A) Ambiguity

B) Complexity

C) Clarity

D) Redundancy

32. Non-verbal communication includes which of the following?

A) Emails

B) Body language

C) Reports

D) Memos

33. What is the primary purpose of a business presentation?

A) To inform or persuade

B) To entertain

C) To confuse

D) To distract

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

A) Active listening

B) Clear messaging

C) Feedback

D) Cultural differences

35. Which type of communication is most appropriate for formal business reports?

A) Verbal

B) Written

C) Non-verbal

D) Informal

36. What is the role of feedback in communication?

A) To interrupt the message

B) To confuse the sender

C) To ensure understanding

D) To stop communication

37. Which Indian state has the highest GDP as of 2025?

A) Maharashtra

B) Tamil Nadu

C) Gujarat

D) Karnataka

38. If the code for 'HOUSE' is 'IPVTF', what is the code for 'GARDEN'?

A) HBSEFO

B) IBUFOP

C) JCVGPQ

D) KDWHRQ

39. What is the probability of rolling an even number on a six-sided die?

A) 1/3

B) 1/4

C) 1/2

D) 2/3

40. A shop offers a 20% discount on a ₹500 item. What is the final price?

A) ₹350

B) ₹375

C) ₹400

D) ₹400

41. Which of the following is an example of a relational database management system?

A) Microsoft Word

B) MySQL

C) Notepad

D) PowerPoint

42. What is the purpose of a VPN?

A) To secure online connections

B) To design websites

C) To store data

D) To edit videos

43. If 25% of a number is 50, what is the number?

A) 100

B) 150

C) 200

D) 250

44. Which of the following is a form of written communication?

A) Speech

B) Email

C) Gesture

D) Facial expression

45. What is the capital of Japan?

A) Tokyo

B) Kyoto

C) Osaka

D) Hiroshima

46. If a car travels 240 km in 4 hours, what is its average speed?

A) 50 km/h

B) 55 km/h

C) 60 km/h

D) 60 km/h

47. Which of the following is a barrier to effective listening?

A) Eye contact

B) Distractions

C) Asking questions

D) Summarizing

48. A company’s revenue was ₹1,000,000 in 2023 and increased by 15% in 2024. What was the revenue in 2024?

A) ₹1,100,000

B) ₹1,150,000

C) ₹1,150,000

D) ₹1,200,000

49. What does 'URL' stand for?

A) Uniform Resource Locator

B) Universal Resource Link

C) Unique Resource Locator

D) Uniform Retrieval Link

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

A) Monday

B) Tuesday

C) Wednesday

D) Friday

51. What is the square root of 144?

A) 10

B) 11

C) 12

D) 13

52. Which of the following is a social networking platform?

A) LinkedIn

B) Microsoft Excel

C) Adobe Illustrator

D) Notepad

53. If a shirt costs ₹800 after a 20% discount, what was its original price?

A) ₹900

B) ₹1000

C) ₹1100

D) ₹1200

54. Which of the following is a non-verbal communication cue?

A) Email

B) Memo

C) Report

D) Facial expression

55. What is the capital of France?

A) London

B) Berlin

C) Paris

D) Madrid

56. If 2x + 3 = 11, what is the value of x?

A) 4

B) 5

C) 6

D) 7

57. Which of the following is a type of cybercrime?

A) Physical theft

B) Phishing

C) Vandalism

D) Forgery

58. A company’s expenses are ₹200,000, and its revenue is ₹300,000. What is the profit?

A) ₹50,000

B) ₹75,000

C) ₹100,000

D) ₹150,000

59. What does 'CPU' stand for in computing?

A) Central Processing Unit

B) Central Power Unit

C) Computer Processing Unit

D) Core Processing Unit

60. Which of the following is a characteristic of mass media?

A) One-to-one communication

B) Limited audience

C) Face-to-face interaction

D) Wide audience reach

Management Subjects (40 Questions)

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

A) Henry Ford

B) Elton Mayo

C) Henri Fayol

D) Frederick Taylor

62. Which of the following is one of Fayol’s 14 principles of management?

A) Job rotation

B) Division of work

C) Task specialization

D) Workforce diversity

63. What is the primary focus of the planning function in management?

A) Setting objectives

B) Motivating employees

C) Controlling operations

D) Recruiting staff

64. Which management function ensures that organizational goals are met?

A) Planning

B) Organizing

C) Leading

D) Controlling

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

A) Setting goals

B) Monitoring performance

C) Allocating resources

D) Evaluating outcomes

66. What is the primary goal of financial management?

A) Reducing employee turnover

B) Maximizing shareholder wealth

C) Increasing market share

D) Improving product quality

67. Which of the following is a source of long-term financing?

A) Equity shares

B) Bank overdraft

C) Trade credit

D) Commercial paper

68. What does the term 'leverage' refer to in financial management?

A) Reducing costs

B) Increasing revenue

C) Using debt to finance operations

D) Managing inventory

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

A) To design marketing strategies

B) To hire employees

C) To develop products

D) To evaluate financial performance

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

A) Net Profit / Revenue

B) Net Profit / Investment

C) Revenue / Investment

D) Net Profit / Assets

71. What is the primary focus of marketing management?

A) Managing finances

B) Recruiting employees

C) Creating customer value

D) Reducing production costs

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

A) Product

B) Recruitment

C) Accounting

D) Inventory

73. What is market segmentation?

A) Increasing production

B) Dividing a market into distinct groups

C) Setting financial goals

D) Hiring employees

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

A) To calculate profits

B) To hire staff

C) To design products

D) To assess strengths and weaknesses

75. Which of the following is a promotional tool?

A) Inventory management

B) Financial planning

C) Advertising

D) Employee training

76. What is the primary objective of human resource management?

A) Managing workforce effectively

B) Increasing sales

C) Designing products

D) Reducing costs

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

A) Market research

B) Recruitment

C) Product development

D) Financial planning

78. What is the purpose of performance appraisal?

A) To design marketing campaigns

B) To increase production

C) To evaluate employee performance

D) To set financial goals

79. What is job analysis in HRM?

A) Setting sales targets

B) Designing advertisements

C) Managing finances

D) Identifying job duties and requirements

80. What is the purpose of employee training?

A) To reduce production costs

B) To enhance skills and knowledge

C) To increase market share

D) To design products

81. What is the primary focus of strategic management?

A) Day-to-day operations

B) Employee recruitment

C) Long-term planning

D) Inventory control

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

A) Threat of new entrants

B) Employee turnover

C) Product design

D) Financial planning

83. What is a vision statement?

A) A daily operational plan

B) A long-term aspiration

C) A financial report

D) A marketing campaign

84. What is the purpose of a BCG matrix?

A) To recruit employees

B) To manage inventory

C) To design products

D) To analyze business portfolio

85. What does a competitive advantage refer to?

A) High employee turnover

B) Increased production costs

C) Unique business strength

D) Reduced market share

86. What is the mean of the numbers 10, 20, 30, 40, 50?

A) 25

B) 30

C) 35

D) 40

87. What is the median of the numbers 5, 10, 15, 20, 25?

A) 10

B) 12.5

C) 15

D) 20

88. What is the mode of the numbers 1, 2, 2, 3, 4?

A) 2

B) 3

C) 4

D) 1

89. What is the probability of getting heads when flipping a coin?

A) 1/4

B) 1/3

C) 2/3

D) 1/2

90. What does correlation measure in statistics?

A) Central tendency

B) Relationship between variables

C) Data dispersion

D) Sample size

91. What is the purpose of a business memo?

A) To entertain employees

B) To advertise products

C) To convey internal information

D) To recruit staff

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

A) Business letter

B) Casual conversation

C) Social media post

D) Text message

93. What is the tone of a professional email?

A) Casual

B) Formal

C) Humorous

D) Sarcastic

94. Which of the following is a component of effective business communication?

A) Ambiguity

B) Complexity

C) Redundancy

D) Conciseness

95. What is the purpose of a business report?

A) To entertain

B) To confuse

C) To inform decision-making

D) To advertise products

96. What is forensic accounting primarily concerned with?

A) Investigating financial fraud

B) Marketing financial products

C) Managing employee payroll

D) Designing financial software

97. Which of the following is a common type of financial fraud?

A) Product redesign

B) Embezzlement

C) Market segmentation

D) Employee training

98. What is the purpose of a financial audit?

A) To increase sales

B) To design products

C) To verify financial statements

D) To recruit employees

99. Which technique is used in forensic accounting to detect fraud?

A) Market analysis

B) Product pricing

C) Employee surveys

D) Data analytics

100. What is the role of a forensic accountant in a fraud investigation?

A) Designing marketing campaigns

B) Analyzing financial records

C) Managing employee relations

D) Developing software

Test Results