CANADORE COLLEGE

MID-TERM EXAMINATION
MGT-105 FINANCIAL ANALYSIS
Multiple-Choice Questions (MCQs)
1. Which version of Microsoft Excel introduced the Ribbon interface?

a) Excel 2003
b) Excel 2007
c) Excel 2010
d) Excel 2013

2. What is a potential compatibility problem with using newer versions of Excel?

a) Inability to open older Excel files

b) Loss of functionality in add-ons
c) Incompatibility with other Microsoft Office programs
d) Reduced file size

3. Which function is used to add up a range of cells in Excel?

a) AVERAGE()
b) SUM()
c) COUNT()
d) MAX()

4. Which method allows you to enter data in multiple cells simultaneously?

a) Dragging the fill handle

b) Copy-pasting
c) Using the SUM function
d) Cell referencing

5. How can you resize a column in Excel?

a) Double-clicking the column header

b) Right-clicking and selecting 'Resize'
c) Dragging the column boundary
d) Both a and c

6. What feature in Excel allows you to freeze panes?

 a) Data Validation
b) Conditional Formatting
c) View Tab
d) Review Tab

7. To ensure that your Excel worksheet prints on one page, you should use:

a) Page Break Preview

b) Normal View
c) Page Layout View
d) Print Area Setup

8. Which tool is used to format cells in a financial spreadsheet?

a) Cell Styles
b) Format Painter
c) Conditional Formatting
d) All of the above

9. How do you create a custom header in Excel?

a) Insert > Header & Footer

b) View > Header & Footer
c) Page Layout > Header & Footer
d) Review > Header & Footer

10. What feature allows you to apply different themes to an Excel workbook?

a) Themes under the Page Layout tab

b) Cell Styles under the Home tab
c) Format as Table
d) Conditional Formatting

11. Which of the following is a method of formula creation in Excel?

a) Typing directly into the cell

b) Using the formula bar
c) Using the Insert Function feature
d) All of the above

12. What is the maximum number of rows available in Excel 2016?

a) 65,536
b) 104,8576
c) 1,048,576
d) 10,485,760
13. What file format is used to save an Excel workbook that maintains compatibility with
older versions of Excel?

a) .xls
b) .xlsx
c) .xlsm
d) .csv

14. Which function in Excel calculates the average of a range of cells?

a) MEDIAN()
b) AVERAGE()
c) MEAN()
d) SUM()

15. How do you rearrange the content of cells in Excel?

a) Cut and paste

b) Drag and drop
c) Copy and paste
d) Both a and b

16. Which version of Excel introduced the XLOOKUP function?

a) Excel 2013
b) Excel 2016
c) Excel 2019
d) Excel 365

17. What feature should you use to make certain rows or columns stay visible while scrolling
through the rest of your worksheet?

a) Split
b) Freeze Panes
c) Hide
d) View Panes

18. What is a limitation of the printing layout in Excel?

a) Only prints in black and white

b) Cannot print charts
c) Page breaks might not align properly
d) Cannot adjust margins

19. Which tool in Excel helps to quickly format large amounts of data?
 a) Conditional Formatting
b) Data Validation
c) Format Painter
d) Find and Replace

20. How can you apply a specific theme to your Excel workbook?

a) Use the Themes button under the Page Layout tab

b) Apply cell styles manually
c) Use Conditional Formatting
d) Change the document properties

21. How do you create a custom footer in Excel?

a) Insert > Footer

b) View > Footer
c) Page Layout > Footer
d) Review > Footer

22. Which of the following is NOT a basic function of Microsoft Excel?

a) Data entry
b) Graphic design
c) Data analysis
d) Financial modeling

23. What is the shortcut for saving an Excel workbook?

a) Ctrl + S
b) Ctrl + P
c) Ctrl + C
d) Ctrl + V

24. Which of the following can cause compatibility issues in Excel?

a) Using macros
b) Using complex formulas
c) Using older file formats
d) All of the above

25. What is the best practice for ensuring compatibility of Excel files across different
versions?

a) Save files in the latest version format only

b) Use Save As to save in a compatible format like .xls
 c) Avoid using advanced features
d) Convert files to PDF

26. How can you highlight important information in a financial spreadsheet?

a) Apply distinct cell styles

b) Use bold and italics
c) Apply conditional formatting
d) All of the above

27. How do you apply conditional formatting in Excel?

a) Home > Conditional Formatting

b) Insert > Conditional Formatting
c) Page Layout > Conditional Formatting
d) View > Conditional Formatting

28. Which function finds the highest number in a range?

a) MAX()
b) MIN()
c) LARGE()
d) TOP()

29. What is the primary purpose of data validation in Excel?

a) To create charts
b) To control the type of data entered into a cell
c) To format cells
d) To add comments

30. How can you create a drop-down list in Excel?

a) Data > Data Validation

b) Insert > Data Validation
c) Page Layout > Data Validation
d) View > Data Validation

31. Which Excel tool allows you to summarize data with totals, averages, and other
calculations?

a) PivotTables
b) Charts
c) Filters
d) Data Tables
32. What feature in Excel allows you to join the contents of multiple cells?

a) CONCATENATE()
b) MERGE()
c) JOIN()
d) COMBINE()

33. How do you change the number format in Excel?

a) Home > Number Format

b) Insert > Number Format
c) Page Layout > Number Format
d) Review > Number Format

34. What function would you use to count the number of cells that meet a criterion?

a) COUNT()
b) COUNTA()
c) COUNTIF()
d) COUNTBLANK()

35. Which Excel function returns the current date and time?

a) TODAY()
b) DATE()
c) NOW()
d) CURRENT()

36. What feature allows you to lock rows or columns so they remain visible while scrolling?

a) Split
b) Freeze Panes
c) Hide
d) View Panes

37. Which tool would you use to automatically fill cells with data that follows a pattern?

a) AutoFill
b) Flash Fill
c) Fill Handle
d) Data Fill

38. How do you apply a cell style in Excel?

a) Home > Cell Styles

b) Insert > Cell Styles
 c) Page Layout > Cell Styles
d) Review > Cell Styles

39. What feature would you use to adjust the width of multiple columns at once?

a) Select columns, then drag the boundary of one of the selected columns
b) Select columns, then right-click and choose 'Column Width'
c) Double-click the boundary between two column headers
d) Both a and b

40. Which Excel feature allows you to create professional looking charts?

a) Insert > Chart

b) Home > Chart
c) Page Layout > Chart
d) Data > Chart

41. How can you ensure your spreadsheet prints on one page?

a) Set the print area

b) Adjust the scaling in Page Layout
c) Use the Fit to One Page option in Print settings
d) All of the above

42. What is the shortcut for opening the Find and Replace dialog box?

a) Ctrl + F
b) Ctrl + H
c) Ctrl + R
d) Ctrl + A

43. How do you create a table in Excel?

a) Insert > Table

b) Home > Table
c) Page Layout > Table
d) Data > Table

44. Which function would you use to find the smallest number in a range?

a) MIN()
b) SMALL()
c) LEAST()
d) TINY()

45. How can you protect a worksheet in Excel?

 a) Review > Protect Sheet
b) View > Protect Sheet
c) Insert > Protect Sheet
d) Home > Protect Sheet

46. What does the CONCATENATE function do in Excel?

a) Adds numbers together

b) Combines text from multiple cells
c) Separates text into different cells
d) Formats cells

47. How can you insert a chart in Excel?

a) Insert > Chart

b) Home > Chart
c) Page Layout > Chart
d) Data > Chart

48. Which Excel feature helps you to identify and correct errors in your formulas?

a) Error Checking
b) Data Validation
c) Goal Seek
d) Solver

49. How can you change the orientation of your Excel worksheet for printing?

a) Page Layout > Orientation

b) Insert > Orientation
c) View > Orientation
d) Home > Orientation

50. What is the purpose of using cell styles in Excel?

a) To enhance the visual appeal of the spreadsheet

b) To apply consistent formatting
c) To highlight important information
d) All of the above
True/False Questions
51. Excel 2016 introduced the XLOOKUP function.
52. You can only use the CONCATENATE function for numerical data.
53. Excel’s Freeze Panes feature is found under the View tab.
54. Page Break Preview allows you to adjust how a worksheet is divided for printing.
55. Conditional Formatting can only be applied to text data.
56. The maximum number of rows in Excel 2016 is 1,048,576.
57. You cannot apply a custom header or footer in Excel.
58. Data validation helps to control the type of data entered into a cell.
59. The Page Layout tab contains options for adjusting page orientation.
60. Cell Styles cannot be used to format financial spreadsheets.
61. PivotTables are used to create charts.
62. The SUM function is used to count the number of cells in a range.
63. Excel’s Format Painter can be used to copy formatting from one cell to another.
64. You can use the Home tab to change the number format in Excel.
65. Excel allows you to protect specific cells in a worksheet.
66. Flash Fill is used to automatically fill cells with a series of data.
67. You can create a drop-down list using the Data Validation feature.
68. Excel’s Split feature is used to join multiple cells together.
69. Conditional Formatting can be used to highlight important data.
70. The CONCATENATE function can combine text from multiple cells into one cell.

Fill-in-the-Gap Questions
71. The ________ function is used to add up a range of cells in Excel.
72. To create a drop-down list, you use the ________ feature in the Data tab.
73. Excel's ________ feature allows you to summarize data with totals, averages, and other
calculations.
74. The ________ function returns the highest number in a range of cells.
75. To join the contents of multiple cells, you can use the ________ function.