Financial And Excel Modelling Quiz

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| By Timmy198

Timmy198

Community Contributor

Quizzes Created: 577 | Total Attempts: 323,689

Questions: 10 | Attempts: 802 | Updated: Mar 21, 2023

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Questions and Answers

1.

What is the first step to take while create a model on excel?
- A.
  
  Begin the design
- B.
  
  Decide on the layout to use
- C.
  
  Begin to fill in informations
- D.
  
  Contact an accountant
Correct Answer
B. Decide on the layout to use

Explanation
The first step to take while creating a model on Excel is to decide on the layout to use. This involves determining how the information will be organized and displayed within the spreadsheet. By deciding on the layout upfront, it becomes easier to structure the model and input the necessary data in a logical and organized manner. This step sets the foundation for the rest of the model creation process.

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2.

What is a key thing to observe when performing a modelling in excel?
- A.
  
  Speed
- B.
  
  Space
- C.
  
  Time
- D.
  
  Patience
Correct Answer
A. Speed

Explanation
When performing modeling in Excel, speed is a key thing to observe. This means that the user should aim to complete the modeling process efficiently and quickly. By focusing on speed, the user can ensure that the modeling tasks are completed in a timely manner, allowing for more productivity and effectiveness. This involves using shortcuts, formulas, and other Excel features to streamline the modeling process and minimize unnecessary steps or actions.

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3.

Which of these can make you achieve a faster output when modelling on excel?
- A.
  
  Conversations
- B.
  
  Meditations
- C.
  
  Keyboard shortcuts
- D.
  
  Relaxation
Correct Answer
C. Keyboard shortcuts

Explanation
Keyboard shortcuts can make you achieve a faster output when modeling on Excel because they allow you to perform tasks quickly and efficiently without the need to navigate through menus or use the mouse. By memorizing and using keyboard shortcuts, you can save time and increase productivity by executing commands and functions with just a few keystrokes. This eliminates the need for repetitive clicking and searching for specific functions, resulting in a faster and more streamlined modeling process.

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4.

We have up to how many shortcuts that can be implemented when modelling on excel?
- A.
  
  12
- B.
  
  37
- C.
  
  59
- D.
  
  97
Correct Answer
D. 97

Explanation
There are up to 97 shortcuts that can be implemented when modeling on Excel. These shortcuts can help users save time and increase efficiency while working on spreadsheets. By utilizing these shortcuts, users can perform various actions such as copying and pasting, formatting cells, navigating through worksheets, and performing calculations more quickly and easily. These shortcuts are designed to streamline the workflow and enhance productivity for Excel users.

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5.

What key do you press on the keyboard to begin modelling in excel?
- A.
  
  Ctrl + F
- B.
  
  Ctrl + A
- C.
  
  Alt
- D.
  
  Windows
Correct Answer
C. Alt

Explanation
To begin modeling in Excel, you press the Alt key. The Alt key is used to access the ribbon menu and navigate through the various options and commands in Excel. By pressing the Alt key, you can activate the ribbon and start modeling by selecting the desired functions and tools from the menu.

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6.

What action does pressing the Alt key in excel perform?
- A.
  
  Displays a series of symbols
- B.
  
  Creates a new project file
- C.
  
  Bring up a new project window
- D.
  
  Displays a series of underscored letters
Correct Answer
D. Displays a series of underscored letters

Explanation
Pressing the Alt key in Excel activates the keyboard shortcuts, which are denoted by underscored letters on the ribbon and menus. This allows users to quickly access various commands and functions without using the mouse. By pressing the Alt key, the underscored letters are displayed, providing a visual cue for which keys to press to execute a specific command.

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1
0
7.

What action does pressing the alt key in excel 2007 perform?
- A.
  
  Shows a series of underscored letters
- B.
  
  Displays an help window
- C.
  
  Displays an icon containing letters or number or combinations
- D.
  
  Starts up a new modelling project
Correct Answer
C. Displays an icon containing letters or number or combinations

Explanation
Pressing the alt key in Excel 2007 displays an icon containing letters or numbers or combinations. This is known as the keyboard shortcut key. When the alt key is pressed, it activates the shortcut keys for various commands and options in Excel, allowing users to quickly access and perform specific actions without using the mouse.

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8.

Excel 2003 gives up to how many functions when modelling?
- A.
  
  120
- B.
  
  290
- C.
  
  340
- D.
  
  400
Correct Answer
B. 290

Explanation
Excel 2003 provides up to 290 functions when modeling. This means that users have access to a wide range of built-in functions that can be used to perform various calculations and operations within their spreadsheets. These functions can be used to manipulate data, perform mathematical calculations, analyze information, and more. Having a large number of functions available allows users to create complex and sophisticated models and perform advanced data analysis in Excel 2003.

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9.

Excel 2007 offers upto how many functions for modelling?
- A.
  
  120
- B.
  
  290
- C.
  
  340
- D.
  
  390
Correct Answer
C. 340

Explanation
Excel 2007 offers a total of 340 functions for modeling. These functions are built-in formulas that can be used to perform various calculations and data analysis tasks in Excel. These functions range from basic arithmetic operations to more complex statistical and financial calculations. By providing a wide range of functions, Excel 2007 allows users to easily manipulate and analyze data to create effective models and make informed decisions.

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10.

Is financial modelling limited to certain kinds of people only?
- A.
  
  Yes
- B.
  
  No
- C.
  
  Not sure
- D.
  
  Unknown
Correct Answer
B. No

Explanation
Financial modelling is not limited to certain kinds of people only. Anyone with the necessary skills and knowledge can engage in financial modelling. It requires a good understanding of finance, accounting, and quantitative analysis. However, it is not exclusive to a specific group of individuals and can be learned and practiced by anyone interested in the field.

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