106. The advantage of external recruiting is that

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A. They ensure consistency from opening to closing
B. They are useful for companies too small to have dedicated recruiters
C. They are very inexpensive
D. Time Consuming
✅ The correct answer is option B.
The advantage of external recruiting is that they are useful for companies too small to have dedicated recruiters. External recruitment means going outside your business to attract new employees.

Type of financial security whose payoff is linked to any other security is called

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A. strong security
B. semi-strong security
C. derivate security
D. non-derivate security
✅ The correct answer is option C.
Type of financial security whose payoff is linked to any other security is called derivate security. A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets a benchmark.

105. In strategic human resource management, HR strategies are generally aligned with

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A. Business Strategy
B. Marketing Strategies
C. Finance strategy
D. Economic strategy
✅ The correct answer is option A.
In strategic human resource management, HR strategies are generally aligned with Business Strategy. Strategic human resource management can be defined as the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation, flexibility and competitive advantage.

Funds transferred usually for a day between financial institutions are classified as

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A. federal funds
B. bankers
C. debt funds
D. secured funds
✅ The correct answer is option A.
Funds transferred usually for a day between financial institutions are classified as federal funds. Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these funds can be lent, then, to other market participants with insufficient cash on hand to meet their lending and reserve needs. The loans are unsecured and are made at a relatively low interest rate, called the federal funds rate or overnight rate, as that is the period for which most such loans are made.

Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of

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A. organized secondary markets
B. organized primary market
C. organized interest markets
D. organized money markets
✅ The correct answer is option A.
Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of organized secondary markets. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.

Position which came in to existence because of holding assets more than liabilities is considered as

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A. net long in currency
B. net short in currency
C. net surplus in assets
D. net surplus in liabilities
✅ The correct answer is option A.
Position which came in to existence because of holding assets more than liabilities is considered as net long in currency. Net long refers to a condition in which an investor has a portfolio consisting of more long positions than short positions in a given asset, market, portfolio or trading strategy.

Certificate of deposits which are usually negotiable are issued by

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A. banks
B. financial market
C. stock exchange
D. business corporations
✅ The correct answer is option A.
Certificate of deposits which are usually negotiable are issued by banks. A certificate of deposit (CD) is a product offered by banks and credit unions that offers an interest rate premium in exchange for the customer agreeing to leave a lump-sum deposit untouched for a predetermined period of time.

84. Verification of financial statements is

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A. external audit
B. internal audit
C. management audit
D. financial audit
✅ The correct answer is option B.
Verification of financial statements is internal audit. Internal audits evaluate a company’s internal controls, including its corporate governance and accounting processes. They ensure compliance with laws and regulations and help to maintain accurate and timely financial reporting and data collection.

Foreign bonds that are issued before Eurobonds are also called as

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A. traditional international bonds
B. traditional local bonds
C. traditional global bonds
D. traditional currency bonds
✅ The correct answer is option A.
Foreign bonds that are issued before Eurobonds are also called as traditional international bonds. An international bond is a debt investment that is issued in a country by a non-domestic entity. International bonds are issued in countries outside of the United States, in their native country’s currency. They pay interest at specific intervals and pay the principal amount back to the bond’s buyer at maturity.