CAAT-EXCEL
1. In Advanced Filter Criteria listed on the same row work with the
a) OR logic
b) AND logic
c) XOR logic
d) XAND logic
2. The intersection points of rows and columns which serve as the building blocks of an Excel worksheet,
containing data, text, formulas, or functions are called as ______.
a) Worksheet
b) Workbook
c) Cell
d) rows & Columns
3. What is the purpose of applying conditional formatting in a Pivot Table?
a) To change the font size
b) To highlight cells based on specified rules
c) To create a chart from the table
d) To create a chart from the table
4. The function calculates total revenue for a specific product?
a) =SUM()
b) =COUNTIF()
c) =SUMIF()
d) =SUMIFS()
5. What is the key advantages of using Absolute Cell References in Excel?
a) They adjust when copied to another location
b) They stay fixed regardless of copying
c) They are not use in calculations
d) They format data automatically
6. When using Goal Seek in Excel, which value is typically set as the “Set Cell”?
a) The input value you want to find
b) The target value you want to achieve
c) The output value you want to calculate
d) The formula cell
7. ------------------- option is only style choice that complete prevents the person using the workbook
from entering invalid data
a) Warning
b) Information
c) Stop
d) Quit
8. INDEX provides a flexible approach to fetch values based on specified criteria, while
Focuses on locating specific values within a dataset.
a) INDEX, MATCH
b) MATCH, INDEX
c) INDIRECT, MATCH
d) MATCH, XLOOKUP
9. Suppose you’ve entered “January” in cell A1 to represent the first
10.
11. month. Now, you can quickly extend the series to cover the entire year, saving you the time and effort
of manually typing out each month. What you will do?
a) Fill > Series
b) AutoFill
c) Flash Fill
d) Vlookup()
10. Which Excel tool allows you to create and compare different scenarios based on various input values?
a) Goal Seek
b) Scenario Manager
c) Data Tables
d) Pivot Tables
11. Which type of macro is more suitable for complex and customized automation?
a) Recorded Macros
b) VBA Macros
c) Complex Macros
d) Basic Macros
12. Which category of function helps to make decisions based on specific conditions?
a) Lookup Function
b) Decision Function
c) Text Function
d) Logical Function
13. What is the purpose of sorting?
a) To arrange data alphabetically
b) To filter out unwanted information
c) To organize data in a specific order
d) To perform complex calculation
14. Data Tables allow you to perform a one-variable or two-variable analysis of a formula
a) Goal Seek
b) Solver
c) Data Tables
d) Pivot Tables
15.What is the short cut to activate Flash Fill?
a) CTRL+C
b) CTRL+V
c) CTRL+E
d) CTRL+F
16. What is the purpose of using SUMIFS() function?
a) Allows you to sum values based on multiple criteria.
b) Allows you to sum values based on a criteria.
c) Allows you to count values based on multiple criteria.
d) Allows you to count values based on multiple criteria.
17. Which syntax is correct to express - If the value in cell B2 is greater than 100, the formula returns “Above
Target”; otherwise, it returns “Below Target.”
a) =IF(B2>100, “Above Target”, “Below Target”)
b) =IF(B2<100, “Above Target”, “Below Target”)
c) =IF(B2>=100, “Above Target”, “Below Target”)
d) =IF(B2>100, “Below Target”, “Above Target”)
18. What does the Ignore blank checkbox do in the Data Validation settings?
a) Allows cells to contain any text
b) Ignores validation rules for blank cells
c) Allows formatting of blank cells
d) Requires non-blank cells to meet validation criteria
19. When creating a Pivot Table, why is it important for the source data to include column headers?
a) To allow for automatic aggregation
b) To help Excel recognize field names accurately
c) To enable sorting and filtering
d) To apply conditional formatting
20. How can you merge and center cells in Excel?
a) Format Tab > Merge Cells
b) Home Tab > Merge & Center dropdown
c) Right-click on cells and choose "Merge"
d) Press CTRL + M on the keyboard
21. Which tool in EXCEL enables a meticulous analysis of how variations in two input variables
a) can influence financial outcomes.
b) Scenario Manager
c) Data Tables
d) Solver
e) All
22.A macro records our mouse clicks and keystrokes while we work and play them back later.
a) TRUE
b) FALSE
23. How do you adjust column widths and row heights in Excel?
a) Use the “Format” tab in the Home tab
b) Drag column borders or hover over row boundaries
c) Apply cell styles from the Cell Styles gallery
d) Use the “Merge & Center” option
24. Which logical function in Excel checks if all conditions are true?
a) AND
b) OR
c) IF
d) NOT
25. To rotate text for better fit, use the _______________________ dropdown and choose an angle.
a) Wrap Text
b) Indentation
c) Orientation
d) Organization
26. Which Excel feature allows you to protect an entire workbook with a password?
a) Workbook Protection
b) Workbook Lock
c) Workbook Security
d) Workbook Encryption
27. As aid in decision-making for investment opportunities, we can use Excel’s
a) What-If Analysis tools
b) financial functions
c) What-If Analysis tools and financial functions
d) None
28. Excel is used to create financial statements, such as income statements and __________ , by organizing
transaction data and applying formulas for accurate calculations.
a) Sheets
b) Worksheets
c) balance sheets
d) None of the above
29.______________ is a versatile spreadsheet application that allows you to organize, analyze, and
manipulate numerical and financial data.
a) Microsoft Word
b) Microsoft Excel
c) Microsoft PowerPoint
d) Microsoft Access
30.In Macros Cell Referecing Mode(s) is/are
a) Absolute reference mode
b) Relative reference mode
c) Both Absolute reference mode & Relative reference mode
d) None
31.What is the purpose of protecting a worksheet in Excel?
a) To prevent anyone from viewing the worksheet
b) To restrict unauthorized access and modifications
c) To delete the contents of the worksheet
d) To change the formatting of the worksheet
32.A file extension ------------- represents macro enabled workbooks.
a) .xlsx
b) .xlsm
c) .xls
d) All
33.Suppose you have a sales dataset with product names (in Column A) and corresponding revenue (in
Column B). You are requested to find the total
revenue for “Product A”. Which function argument you would like to use?
a) =SUMIF(B1:B100, “Product A”, A1:A100)
b) =SUMIF(A1:A100, “Product A”, B1:B100)
c) =SUMIF(A1:A100, A1, B1:B100)
d) =SUMIF(B1:B100, B1,A1:A100)
34.________________________ combine and center the contents of the selected cells in a new larger cell.
a) Wrap Text
b) Merge & Center
c) Paste Special
d) Text to Column
35.What is the primary purpose of Ms-Excel in accounting finance, and data analysis?
a) Create graphics
b) Analyze numerical and financial data
c) Edit images
d) Write documents
36.Choose odd one out.
a) =IF()
b) =LEN()
c) =AND()
d) =OR()
37.SUMIF function in Excel Helps ____________
a) to count the number of cells that meet a specific condition
b) to sum values based on a single specified condition
c) to count cells based on multiple criteria
d) to sum values based on multiple criteria
38. What is the primary objective of a Recorded Macro?
a) To create visualizations
b) To perform complex calculations
c) To generate random data
d) To automate a series of actions in Excel
39. When consolidating data in Excel, what does the “table_array” refer to?
a) The range of cells containing the data to be consolidated
b) The function used for consolidation
c) The target cell where the total will appear
d) The range of cells used for formatting
40.----------------- represent a dynamic, cornerstone, better decision making
data management and analysis tool in EXCEL
a) Pivot Tables
b) Data Tables
c) Solver
d) Goal Seek
41. What does the NOW function in Excel provide?
a) The current date
b) The current time
c) The current date and time
d) The end of the month based on a given date
42. What are the functions help to find the smallest and largest value from a selected cell range?
a) MIN & MAX
b) MINIMUM & MAXIMUM
c) Smallest & Largest
d) Lowest & Highest
43. Which type of charts are used to display trends over time.
a) Line charts
b) Bar charts
c) Column charts
d) Any
44. When using the COUNTIFS function, how many criteria can be applied simultaneously?
a) Only one
b) Two
c) Three
d) Unlimited
45. By using Goal Seek, we can quickly determine ----------------------- we are required to achieve
a) the source
b) the target
c) Both Source & target
d) None
46.____________ calculates the end of the month based on a given date.
a) EOMONTH Function
b) EMONTH Function
c) MONTH Function
d) ENDMONTH Function
47. When did the concept of Pivot Tables first emerge?
a) 1960s
b) 1970s
c) 1980s
d) 1990s
48. Which tab do you need to enable in Excel to access Developer tools for macros?
a) File Tab
b) Data Tab
c) Review Tab
d) Developer Tab
49. What does the SEARCH function return if the specified text is not found within the text string?
a) #VALUE!
b) REF!
c) #N/A
d) #NUM!
50. What is the first step in recording a macro?
a) Assigning a shortcut key
b) Naming the macro
c) Clicking on “Record Macro”
d) Enabling the Developer tab
51.____________ allows you to set rules for the type and range of data that can be entered into cells.
a) Validation rule
b) Data Validation
c) Cell protection
d) Conditional formatting
52. Which Excel function is used for calculating periodic loan payments?
a) SUM
b) PV
c) FV
d) PMT
53. A ________ is a collection of one or more worksheets, equivalent to a file that you can save and open in
Excel.
a) Workbook
b) Worksheet
c) Cell
d) File
54. An absolute reference denotes by which symbol?
a) $
b) @
c) #
d) !
55. Syntax of VLOOKUP () Function?
a) =VLOOKUP (lookup_value, table_array, [col_index_num], range_lookup)
b) =VLOOKUP (lookup_value, [table_array], col_index_num, range_lookup)
c) =VLOOKUP ([lookup_value], table_array, col_index_num, range_lookup)
d) =VLOOKUP (lookup_value, table_array, col_index_num, [range_lookup])
56. Conditional formatting introduces an intelligent layer to data visualization.
a) TRUE
b) FALSE
57. Which function removes the leading and trailing spaces from a text String?
a) REMOVE()
b) TRIM()
c) REPLACE()
d) FIND()
58. Which field type is used for custom calculations based on existing fields in a Pivot Table?
a) Value Fields
b) Label Fields
c) Calculated Fields
d) Summary Fields
59.________________ automates data transformations based on detected patterns.
a) AutoFill
b) Formatting
c) Copy
d) Flash Fill
60._______________ calculates the net present value of cash flows.
a) PV Function
b) FV Function
c) NPV function
d) PMT Function
61. What is one of the key advantages of using VBA Macros over Recorded Macros?
a) VBA Macros can perform more complex and customized automation
b) VBA Macros are faster to execute
c) VBA Macros are more stable
d) All
62. INDEX provides a flexible approach to fetch values based on specified criteria, while
Focuses on locating specific values within a dataset.
a) INDEX, MATCH
b) MATCH, INDEX
c) INDIRECT, MATCH
d) MATCH, XLOOKUP
63. VLOOKUP function is useful
a) When data is organised in Vertical Column
b) When data is organised in Horizontal Rows
64. Which formatting technique is used to automatically highlight cells that meet certain criteria?
a) Number Formatting
b) Date and Time Formatting
c) Conditional Formatting
d) Cell Alignment and Orientation
65. What does the [match_type] argument control in the MATCH function?
a) The size of the range.
b) The type of data to search for.
c) The type of match to be performed.
d) The number of matches.
66. How can we enable the Developer tab in Excel?
a) It is always enabled by default
b) By clicking on the “File” tab and selecting “Options”
c) By pressing the F12 key
d) By right-clicking on a cell and selecting “Developer Options”
67.|…..... are interactive visual filters.
a) Slicers
b) Solver
c) Flash fill
d) Drill Down
68. Why is the combination of INDEX and MATCH functions considered powerful for lookup operations
a) For precise retrieval of specific data points within a dataset
b) They provide flexiible lookup capabilities
c) To dynamically lookup and retrieve data based on condition
d) All
69. Which function is used to count the number of cells that meet one or more specified condition within a
range?
a) =COUNTIFS()
b) =COUNTIF()
c) =SUMIF()
d) =SUMIFS()
70. Maintaining consistency in formatting is essential for professional-looking worksheets.
a) Format as Table
b) Pivot Table
c) Data Table
d) Cell styles and themes
71. Which function helps you find the position of a specific character or substring within a text string?
a) SEARCH()
b) FIND()
c) POSITION()
d) LEN()
72. Which programming language is associated with creating complex macros in Excel?
a) VBA
b) Python
c) C++
d) Java
73Performing straightforward calculation i.e. =A1+B1 is an ___________.
a) Arithmetic calculation
b) Math & Trig Function
c) Sum Function
d) Relative Cell Reference
74. What is the primary function of the Chart Wizard (Pivot Chart) in Excel?
a) To create charts from Pivot Tables
b) To format text in charts
c) To add data labels to charts
d) To delete existing charts
75. Web queries allow user to query data from specific ------------------- site,
And retrieve information directly in EXCEL.
a) world wide web
b) internet
c) intranet
d) Any
76. Which of the following is a valid name for a named range in Excel?
a) 2024_Sales
b) 2024-Sales
c) 2024 Sales
d) 2024*Sales
77. What is the purpose of running a macro in Excel?
a) To execute the series of recorded instructions
b) To edit the recorded actions
c) To save the macro to a file
d) To delete the macro from the workbook
78. Default workbook name is _____________.
a) Excel1
b) Book1
c) Sheet1
d) File1
79. Sorting could be from
a) Top to Bottom
b) Left to Right
c) Both Top to Bottom & Left to Right
d) None
80. How can you provide a message to users when they select a cell with data validation applied?
a) Use the Input Message tab in the Data Validation settings
b) Apply conditional formatting to the cell
c) Create a comment in the cell
d) Use the Error Alert tab in the Data Validation settings
81. Which aspect of design and formatting plays a crucial role in the effectiveness of charts?
a) Data labels
b) Gridlines and axes
c) Chart colors and themes
d) Legend placement
82. What is the purpose of building a financial model in Excel?
a) To perform basic calculations in a spreadsheet
b) To create data visualizations
c) To evaluate investment opportunities and conduct financial analysis
d) To sort and filter data efficiently
83. What is the significance of macros for Chartered Accountants?
a) They enhance creativity in financial reports
b) They automate repetitive tasks, ensuring accuracy and efficiency
c) They are only useful for basic calculations
d) They can replace the need for financial analysis software
84. When configuring data validation, what is the purpose of an input message?
a) It displays an error message if an incorrect value is entered
b) It guides users when they select the cell
c) It provides an additional layer of validation
d) It allows users to enter any type of data
85. Total rows & columns of a worksheet are
a) 1000000 & 16000
b) 10000 & 16000
c) 1040000 & 16300
d) 1048576 & 16384
86. What Role does the MATCH function play in EXCEL
a) It returns the relative position of the lookup value in the range.
b) It returns the value being looked up.
c) It returns the result of a mathematical operation
d) It returns the average of a range of values.
87. Which tab contains the feature 'Conditional Formatting'?
a) Data Tab only
b) Home Tab only
c) Both A & B
d) None
88. Which data validation option would you use to create a drop-down list in a cell?
a) Text length
b) Whole number
c) List
d) Date
89. When to use Pivot Tables
a) For Large Data sets
b) Exploratory Analysis
c) Reporting
d) All
90. Excel offer upto ----------- sort levels .
a) Three
b) Four
c) Thirty-Six
d) Sixty-Four
91. In Excel, what is the significance of password protecting a workbook?
a) It allows you to change the workbook’s formatting.
b) It prevents anyone from viewing the workbook.
c) It restricts unauthorized access to the workbook.
d) It deletes the contents of the workbook.
92. When recording a macro, what should you do if you want to assign a shortcut key?
a) It is not possible to assign a shortcut key to a recorded macro
b) Select the option before starting the recording process
c) We can only assign shortcut keys to VBA macros
d) Assign the shortcut key after stopping the recording process
93. Default row height & width of a cell?
a) 15.43 & 8.15
b) 8.15 & 15.43
c) 15 & 8.43
d) 8 & 15
94. Excel provides a powerful built-in tool called ____________ for combining data from multiple sheets.
a) Copy & Paste
b) Concatenate
c) Consolidate
d) SUM function
95.The PMT function in Excel is used to:
a) Calculate the present value of an investment
b) Calculate the present value of an investment
c) Compute the periodic payment needed to repay a loan
d) Compute the periodic payment needed to repay a loan
96.Which function helps us to find the position of a specific character or substring within a text string.
a) SEARCH
b) FIND
c) SUBSTITUTE
d) Replace
97. Macros can be stored in ----------- locations
a) The workbook we are using
b) Our Personal Macro Workbook (which by default is hidden from view)
c) either of two locations
d) None
98. Which Excel feature allows you to restrict input to specific criteria in a cell?
a) Data Validation
b) Conditional Formatting
c) Flash Fill
d) AutoFill
99. Suppose you’ve entered “January” in cell A1 to represent the first month. Now, youcan quickly extend
the series to cover the entire year, saving you the time and effort of manually typing out each month. What
you will do?
a) Fill > Series
b) AutoFill
c) Flash Fill
d) Vlookup()
100. =$A$1 is the example of ___________
a) Relative References
b) Absolute References
c) Mixed References
d) Natural Cell Reference
101. Which financial function in Excel calculates the future value of an investment?
a) PV
b) FV
c) NPV
d) IRR
102.__________ allows financial analysts to summarize and analyze large datasets with ease.
a) PivotTable
b) Format as table
c) Conditional Formatting
d) Cell styles and themes
103. Sorting could be from
a) Top to Bottom
b) Left to Right
c) Both Top to Bottom & Left to Right
d) None
104. What does the LEN function return in excel if the text string is empty?
a) #VALUE!
b) 0
c) #NUM!
d) #N/A
105. Which function allows you to fetch a specific value from a table or range of data in Excel?
a) VLOOKUP
b) HLOOKUP
c) INDEX
d) MATCH
106. What is one of the benefits of using macros in financial modeling?
a) They make the spreadsheet colorful and visually appealing
b) They reduce human error and save time
c) They can be used for creating pivot tables
d) They are only useful for basic calculations
107. When protecting a worksheet, what can you set to enhance security?
a) A username
b) A password
c) A color code
d) A font style
108. AND and OR functions use for?
a) combine 2 conditions only
b) combine multiple conditions
c) Only A
d) Both A & B
109. Which tab is used to access cell alignment and orientation options in excel?
a) Home
b) Insert
c) Format
d) View
110._______________ calculates the net present value of cash flows.
a) PV Function
b) FV Function
c) NPV function
d) PMT Function
111.Tool(s) allows/allow professionals to pinpoint specific inputs required to achieve predefined
financial goals and create and compare scenarios based on diverse input values, respectively
a) Goal Seek
b) Scenario Manager
c) Goal Seek and Scenario Manager
d) one or two variable(s) Data Table
112. The data in a PivotTable cannot be changed as it is a summarized view of other data.
a) TRUE
b) FALSE
113. The function extracts characters from the beginning of a text.
a) =LEN()
b) =RIGHT()
c) =LEFT()
d) =TEXT()
114.________________________ combine and center the contents of the selected cells in a new larger cell.
a) Wrap Text
b) Merge & Center
c) Paste Special
d) Text to Column
115. IRR function represents
a) The internal rate of return for a series of cash flows
b) The interest rate of return for a series of cash flows
c) The internal return of rate for a series of cash flows
d) Any
116. Conditional formatting introduces an intelligent layer to data visualization.
a) TRUE
b) FALSE
117. What is the purpose of the Total Row in a table?
a) It provides a designated row for aggregations
b) It adds a new row at the bottom of the table
c) It sorts data in ascending or descending order
d) It applies conditional formatting to the table
118. Choose odd one out.
a) =IF()
b) =LEN()
c) =AND()
d) =OR()
119. Line Chart is used for
a) compare data values
b) trends over time
c) Distribution
d) All
120._____________________ quickly converts a range of cells to a table with its own style.
a) Format as Table
b) Cell styles and themes
c) Pivot Table
d) Data Table
121. Which error handling function in Excel replaces errors with a specified value?
a) ISERROR
b) IFERROR
c) ISIFERROR
d) LOOKUPERROR
122.__________ allows financial analysts to summarize and analyze large datasets with ease.
a) PivotTable
b) Format as table
c) Conditional Formatting
d) Cell styles and themes
123. Suppose we have a Table with Product Name in Column A and their corresponding prices in Column B,
to find price of Product A( a specific product), we use
a) =VLOOKUP("Product A",A1:B100,2,False)
b) =VLOOKUP("Product A",A1:B100,2,True)
c) Any
d) None
124. Which function counts the number of cells that meet a specific condition?
a) =COUNT()
b) =COUNTA()
c) =COUNTIF()
d) =COUNTIS()
