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Q.1
Stock exchange is known as market for securities.
Primary Market
Secondary Market
Capital Market
Service value and monetary cost
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.2
Right Shares are the shares
Offered to the exsiting equity shareholers
Issued by a newly formed company
Legally issued to the public at large
That have a right of redemption
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.3
Net profit ratio is a :
Long term solvency ratio
Short term solvency ration
Turnover ratio
Profitability ratio
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.4
Liquid ratio is also known as ratio:
inventory
Current
Acid test
Debt equity
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.5
In his traditional role the finance manager is responsible for
Arrangement of financial resources
Acquiring capital assets of the organization
Efficient management of capital
Proper utilization of funds
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.6
Control of financial planning is key responsibility of :
Treasury management
Authoritative management
Participative management
None of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.7
A buyer's perception of value is considered a trade-off between;
Product value and psychic cost
Total customer value and total customer cost
Image value and energy cost
Service value and monetary cost
Assistant Director Revenue (2023)
(B)
Q.8
Having some overall goal in mind, financial management is concerned with:
Financing of assets
Acquisition of assets
Management of assets
All of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.9
Capital Structure is an optimal mix of which one of the following options;
Sales and profits
Debt and equity
Current assets and fixed assets
None of these
Assistant Director Revenue (2023)
(B)
Q.10
Bonds with longer maturities generally have ___ interest rate risk
Higher
Lower
Depends on the type of bond
None of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.11
At breakeven point;
Total expenses = Total revenue
Tota expenses > Total revenue
Total expenses < Total revenue
None of these
Assistant Director Revenue (2023)
(A)
Q.12
Patents, Copyrights and Trademakrs are :
Investments
Intangile assets
curret assets
Fixed assets
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.13
Floating assets are valued at;
Market price
Cost
Cost or market whichever is lower
Cost less depreciation
Assistant Director Revenue (2023)
(C)
Q.14
When the coupon rate is less than the required rate of return the discount on the bond as maturity approaches.
Increases
Decreases
Does not change
First decreases then Increases
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.15
________ refers to the risk inherent to the entire market or market segment .
Financial risk
Purchasing power
Systematic risk
Interest free risk
Assistant Director Revenue (2023)
(C)
Q.16
Which of the following is not a current asset?
Temporarty Investment
Salary paid in advance
Inventory
Preliminary expenses
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.17
The first and foremost function of management is:
Planning
Organizing
Controlling
Coordination
Assistant Director Revenue (2023)
(A)
Q.18
Money Market is an in which only short-term debt instrument (Maturity less than one year) are traded.
Financial market
Security market
Secondary market
All of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.19
Which of the following is a method that is commonly used in qualitative research?
Self-completion questionnaires
Surveys
Ethnography
Structured observation
Assistant Director Revenue (2023)
(C)
Q.20
The form of business having unlimited liabilities
General partnership
Limited partnership
Limited liability partnership
Particular partnership
Assistant Director Revenue (2023)
(A)
Q.21
A is a potential obligation that may arise from an event that has not yet occured
current liabilities
contingent liability
Long term liabilities
None of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.22
Contribution margin is also known as :
Marginal income
Gross Profit
Newt Profit
Net Loss
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.23
A series of constant cash flows that occur at the end of each period for some fixed number of periods is :
Ordinary annuity
Annuity due
Multiple cash flows
Perpetuity
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.24
Verification refers to:
Confirming ownership
Valuation and Possession
Actual existence
All of these
Assistant Director Revenue (2023)
(D)
Q.25
Process of verifying the documentary evidences of trasactions are known as :
Auditing
Vouching
Testing
Verification
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.26
Bringing all parties to an agreement is termed as:
Joinder
Consensus
Contract
None of these
Assistant Director Revenue (2023)
(C)
Q.27
Zero Coupon Bond is also known as :
Deep discount bond
Bearer bond
Zero interest bond
Irredeemable bond
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.28
An efficient market hypothesis state all public information which is reflected in current market prices is classified as :
Strong from efficiency
Weak form efficiency
Semi strong effiency
Market efficiency
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.29
The firm operate, produce, market all over the world is called:
International firm
Global firm
Limited liability company
None of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.30
Debtors have least profit share due to:
Not participating in operational risk
Payment to trade payables
Current ratio and Quick ratio
None of these
Assistant Director Revenue (2023)
(A)
Q.31
A feasibility study considers all of the aspects of project, including:
Availability of time and capacity
Financial resources
Market demand
All of These
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.32
An expenditure which occurs non-repeatedly and regularly is known as:
Capital expenditure
Revenue expenditure
Deferred revenue expenditure
None of these
Assistant Director Revenue (2023)
(A)
Q.33
Land revenue assigned to jagirdar used for:
Agricultural income purpose
Non-Agricultural income purpose
Passive income purposes
none of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.34
Supervisor wage is a part of:
Conversion cost
Operating cost
Variable cost
None of these
Assistant Director Revenue (2023)
(A)
Q.35
A market for wholesale loans and deposits traded between banks is called:
interbank market
Investor market
Subsidiary market
none of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.36
Government made policy for the industrial sector is called
Factories policy
Industrial policy
Distributive policy
Regulatory policy
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.37
Characteristics of the job is also known as:
Job analysis
Job rating
Job description
Job evaluation
Assistant Director Revenue (2023)
(C)
Q.38
which one of the following becomes a creative factor in production:
Land
Capital
Consumers
Human resources
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.39
Which research is conducted when a researcher needed a solution to a problem?
Scientific Research
Applied Search
Descriptive Research
Basic Research
Assistant Director Revenue (2023)
(B)
Q.40
Which factor has been the most rapidly changing component in an organization's general enviroment in the past quarter-century:
Global
Social
Technological
Economic
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.41
Change in government policy with in the content of tax:
Tax policy
Fiscal policy
Monetary policy
Regulatory policy
Assistant Director Revenue (2023)
(B)
Q.42
The Main operation expenses of a business are termed as :
Operating expense
Administration expense
Non administration expenses
Selling expense
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.43
The part of equity having certain return is called:
Common stock
Preferred stock
Growth stock
None of these
Assistant Director Revenue (2023)
(B)
Q.44
The primary objective of cost accounting is to :
Ascertain the cost of goods and services
Ascertain the profit
Inventory valuation
Fixation of selling price
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.45
Human Resource Management deals with:
Insurance matters
Staff functions
Acounting function
None of these
Assistant Director Revenue (2023)
(B)
Q.46
Agency Theory suggests that managers (the agents), particularly those of large , publically-owned firms , may have different objectives from those of the :
Workers
Subordinates
Employees
Shareholders
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.47
Auditing refers to:
Reporting the financial information
Examination of financial information
Preparation of financial statements
Maintaining the ledger accounts
Assistant Director Revenue (2023)
(B)
Q.48
Inventory Period + Accounts Reeviable Preiod is called
Cash cycle
Operationg cycle
Collective Cycle
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.49
The standard deviation is the __________ of the variance:
Square
Square root
Cube
Cube root
Assistant Director Revenue (2023)
(B)
Q.50
Fixed assets turnover ratio is a :
Long -term solvency ratio
Short-term solvency ratio
Turnover ratio
Profitability ratio
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.51
The following factor would be relatively low if supply of labor is higher than demand:
Production
Labor cost
Wage
All Of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.52
According to the capital-asset pricing model (CAPM), a security's expected (required) return is equal to the risk-free rate plus a premium:
Equal to the security's beta
Based on the unsystematic risk of the security
Based on the total risk of the security
Based on the Systematic risk of the security
Assistant Director Revenue (2023)
(D)
Q.53
Which one renders high profitability?
Asset
Balance sheet
Inventory
Equity
Assistant Director Revenue (2023)
(C)
Q.54
is the phase of an audit where the auditor gathers samples to identify any material misstatements in the client's accounting records or other data
Substanting testing
Control testing
Detective testing
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.55
In response to market expectations, the credit period has been increased from 45 days to 60 days. This would result in a:
Decrease in sales
Decrease in debtors
Increase in bad debts
Blocking of funds
Assistant Director Revenue (2023)
(D)
Q.56
Bonus shares are issued out of:
Capital reserve
Free reserve
Share premium
None of these
Assistant Director Revenue (2023)
(B)
Q.57
Balance Sheet shows
The financial performance at particular date
the financial position at particular date
The financial position for an accounting period
the financial performance for an accounting period
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.58
Which body prepare and publish audit standards:
International Auditing and Assurance Standards Board
International Federation of Accountants
Generally Accepted Auditing Standards
None of these
Assistant Director Revenue (2023)
(A)
Q.59
income statement is also known as :
Statement of earnings
Statement of balance Sheet
Statement of income
Statement of operations
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.60
which statement shows the flow of cash and cash equivalents during the financial period:
Statement of changes in equity
Cash flow statement
Balance Sheet
income statement
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.61
Investment decision making traditionally consists of two steps ___________:
Investment banking and security analysis
Buying and selling
Risk and expected return
Security analysis and portfolio managements
Assistant Director Revenue (2023)
(D)
Q.62
Monopolistic competition differs from perfect competition primarily because:
Monopolistic competition, firms can differentiate their products
Perfect competition, firms can differentiate their products
in monopolistic competition industry produces all of the market supply of goods
none of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.63
An advertisement which conceal organization identity:
Display advertising
Blind advertising
Native advertising
None of these
Assistant Director Revenue (2023)
(B)
Q.64
Each element having equal chances of selection is called:
Probability
Non-probability
Stratified sampling
Quota sampling
Assistant Director Revenue (2023)
(A)
Q.65
A nationwide electronic funds transfer network which enables participating banksfincial institutions to distribute electronic credit and debit entries to bank accounts and to settle such entries is termed as :
Clearing bank
Clearing House
Clearing Cheque
Certificate of Deposits
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.66
The maximum amount beyond which a company is not allowed to raise funds by Issue of Share is :
Issue Capital
Reserve Capital
Nominal capital
Subscribed Capital
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.67
Banks realize dividend and interest on behalf of customer is included in:
Beneficiary
Agency
Nominee
None of these
Assistant Director Revenue (2023)
(B)
Q.68
Ratio of net profit before interest and tax to sales is :
Capital gearing
Solevency ratio
Operating profit ratio
none of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.69
The capital budgeting in which we check in how many year initial investment is cover is called:
Net present Value
Internal rate of return
Payback period
Disocunted cash flow
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.70
Which is the primary activity of a commercial bank?
Maintaining deposit accounts including current accounts
Issue and pay cheques
Collect cheques for the bank's customers
All of these
Assistant Director Revenue (2023)
(D)
Q.71
Variable manufacturing overhead (VMOH) Fixed manufacturing overhead (FMOH) is a part of :
Standard cost
Manufacturing overhead cost
Activity based cost
Marginal overhead cost
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.72
The term depletion applies to decrease in value of
Current asset
Wasting asset
Tangible asset
intangible asset
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.73
Diversification as a tool for reducing risk by:
Holding more assets in always better than holding fewer
Interesting in more than one asset
Portfolio losses be prevented
None of these
Assistant Director Revenue (2023)
(B)
Q.74
Assets are usually show in Balance Sheet (at
Unexpired cost
Replacement cost
Revalue Cost
Market Value
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.75
A Joint Stock Company is managed by
Owner
Shareholders
Secretary
Board of Directors
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.76
When government revenue exceeds government expenditure, it is known as _________ budget.
Surplus
Zero
Balanced
Deficit
Assistant Director Revenue (2023)
(A)
Q.77
Which of the following is an example of nonverbal communication?
An online blog where employees in different cities can share ideas
A company logo designed to project the organization's image
An email message reminding employees of an upcoming staff meeting
A phone call from attorney to a client
Assistant Director Revenue (2023)
(B)
Q.78
Which is not a characteristic of a service?
Variability
Intagibility
Inseparabilty
None of these
Assistant Director Revenue (2023)
(B)
Q.79
Petty cash is a part of:
Cash book
Cash receipt
Expense book
Expenditure book
Assistant Director Revenue (2023)
(A)
Q.80
Which of the following can be distributed among shareholders?
Capital reserve
General reserve
Revaluation reserve
None of these
Assistant Director Revenue (2023)
(B)
Q.81
Strategy is developed by the visionary chief executive in ________ mode of strategic management
Planning mode
Adaptive mode
Strategic mode
Entrepreneurial mode
Assistant Director Revenue (2023)
(D)
Q.82
The doctrine of impossibility of performance, rendering a contract void, is based on:
a commercial impossibility
a supervening impossibility
just and reasonable ground
an unjust enrichment
Assistant Director Revenue (2023)
(B)
Q.83
Price elasticity of demand that ____________ is called inelastic.
More than 1
Less than 1
Equal to 1
None of these
Assistant Director Revenue (2023)
(B)
Q.84
Debt is a part of:
Working Capital
Financial equity
Capital structure
None of these
Assistant Director Revenue (2023)
(C)
Q.85
The types of good that are tangible in nature and that can be consumed in few uses are classified as:
Durable goods
Non-durable goods
Services
Augmented goods
Assistant Director Revenue (2023)
(B)
Q.86
Selling expenses includes in:
Material cost
Labour cost
Advertising cost
Factory cost
Assistant Director Revenue (2023)
(C)
Q.87
Audit evidence is cosidered sufficient when:
There is enough of it to afford a reasonable basis for an opinion on financial statements
It has been obtained by random selection.
It is competent.
It has the qualities of being relevant, objective, and free from known bias.
Assistant Director Revenue (2023)
(A)
Q.88
The career-related consequences of the delayering of organisations most likely options is:
A higher proportion of job moves being demotion
Promotion being a bigger step when it happens
Lateral moves becoming scarcer
All of these
Assistant Director Revenue (2023)
(B)
Q.89
Preference shareholders are ________ of the company:
Creditors
Owners
Customers
Borrowers
Assistant Director Revenue (2023)
(B)
Q.90
Which of the following statements are incorrect?
Services are intangible
Services are perishable
Services can be co-produced with customers
Services are invariable
Assistant Director Revenue (2023)
(D)
Q.91
The two internal elements of SWOT analysis are:
Weaknesses and threats
Opportunities and threats
Strenthens and weaknesses
Strengthens and threats
Assistant Director Revenue (2023)
(C)
Q.92
An organizational structure in which more than one type of departmentalization is employed is called:
Mixed departmentalization
Process departmentalization
Matrix form
Centralization
Assistant Director Revenue (2023)
(A)
Q.93
Which of these options, apart from cash, are instruments to distribute profits to shareholders?
Stock purchase
Bonus shares
Stock split
All of these
Assistant Director Revenue (2023)
(D)
Q.94
__________ is the subject matter of Macroeconomics.
Factory pricing
Growth theory
Individual incomes
Market structures
Assistant Director Revenue (2023)
(B)
Q.95
Joint venture account is a:
Nominal account
Personal account
Real account
Dummy account
Assistant Director Revenue (2023)
(A)
Q.96
The basic factors of production are land, labour, capital and:
Enterprise
Investment
Machinery
Resources
Assistant Director Revenue (2023)
(A)
Q.97
Which of the following is a measure to reduce inequality of income?
Promotion of industries
Social securities
Granting of credit to poor on concessiona rate
None of these
Assistant Director Revenue (2023)
(B)
Q.98
The difference between desired service and the level of service considered adequateis known as:
Service Quality
Service failures
Tolerance Zone
Service recovery
Assistant Director Revenue (2023)
(C)
Q.99
The concept of consumer surplus was developed by:
Marshal
Gotham
Benethan
None of these
Assistant Director Revenue (2023)
(A)
Q.100
Which is a system of selling goods directly to customers through a network of self-employed people.
Multilevel marketing
Whole sale marketing
Vertical marketing
None of these
Assistant Director Revenue (2023)
(A)
Q.101
An exceptional demand curve is one that slopes:
Upward to the left
Downward to the right
Upward to the right
Horizontally
Assistant Director Revenue (2023)
(C)
Q.102
Authorized share capital is also known as:
Registered capital
Issued capital
Paid up capital
None of these
Assistant Director Revenue (2023)
(A)
Q.103
Net loss occurs when:
Expenses are greater than income
Expenses are less than income
Liabilities are greater than income
None of these
Assistant Director Revenue (2023)
(A)
Q.104
The assets than can be converted into cash within a short period (i.e. 1 year or less) are known as:
Current assets
Fixed assets
Intangible assets
Investment
Assistant Director Revenue (2023)
(A)
Q.105
Liquid Ratio is equal to liquid assets divided by _________
Current Liabilities
Total Liabilities
Contingent Liabilities
None of these
Assistant Director Revenue (2023)
(A)
Q.106
Liabilities are which of the following:
Resources
Obligations
Future benefits
Expenses
Assistant Director Revenue (2023)
(B)
Q.107
Goods returned by customer should be debited to which of the following accounts:
Sale income account
Sales account
Return inward account
Expenses account
Assistant Director Revenue (2023)
(C)
Q.108
_________ is the aggregate of direct material cost, direct labor cost, and direct expenses.
Prime cost
Bottom line cost
`Variable cost
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.109
Guarantee made by company bank to foreign bank for import is called:
Letter of assurance
Letter of credit
Deferred payment letter
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.110
Implicit cost is also known as:
Component cost
Opportunity cost
Notional cost
Incremental cost
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.111
Bank pass book is also known as:
Bank Book
Bank Account
Bank column
Bank statement
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.112
Which statement is correct: Agency conflict is minimized by:
increasing share of debt by bond holder & stockholder
Restructuring remuneration
Both are correct
Both are incorrect
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.113
Residual value is the:
Value of the asset when it is purchased
Value of the asset at the end of its useful life
Cost of the asset
Allocation of the cost
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.114
Which bank gave monetary policy in Pakistan
State Bank of Pakistan
National Bank of Pakistan
International Monetary Fund
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.115
P/V ratio shows the _______ ratio.
Profit earning capability
Profit and Volume
Safety margin
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.116
Which item comes under financial activities in cash flow?
Redemption of Preference Share
Issue of Preference Share`
Interest paid
All of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.117
Cash budget include:
Dividend payable
Postal expoenditure
Issue of capital
All of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.118
Which of the following is a revenue reserve?
Security premium account
Capital reserve
Capital redemption reserve
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.119
Market control process consists:
Formation of Performance standards
Performance Appraisal
Correcting Deviations
All of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.120
Bank overdraft is a ____________.
Current liability
Contingent liability
Current asset
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.121
The statement of cash flow clarifies cash flows according to:
inflow and Outflow
Operating, Investing, and Financing Activities
Operating and non-operating Flows
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.122
Microeconomics theory is also known as:
Price theory
Surety theory
Capital consumption theory
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.123
The basic financial statements include:
Statement of Cash Flows
Statement of Retained Earnings
Balance Sheet and Income Statement
All of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.124
Performance measurement is:
The determination of improvement efforts
The process of quantifying action
The improvement of operations
The planning and control of operations
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.125
The parties to joint venture are called:
Principal and agent
Friends
Co-ventures
Partners
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.126
Income from property held under trust for charitable or religious purposes is:
Exempted from tax
Taxable @ 10%
Taxable @ 20%
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.127
Verification of the value of assets, liabilities, the balance of reserves, provision, and the amount of profit earned or loss suffered by a firm is called:
Continuous audit
Interim audit
Balance sheet audit
Partial audit
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.128
Undistributed profits are also known as:
Corporate saving
Retained earning
General reserve
All of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.129
The concept of reliability refers to:
Objectivity of instrucitions
Purpose of measurement
Consistency of scores
Uniformity of scoring
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.130
The difference between assets and liabilities is called as:
Drawings
Capital
Income
Expenses
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.131
Financial planning for long term and seasonal expense is:
Best
Worst
Aggresive
Conservative
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.132
A smart tag will be removed from the cell when:
The cell is hidden
The cell is moved
The formatting of the cell is changed
The data in the cell is changed or deleted
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.133
Leadership motivates the people to work and not the power of money", this concept is related to
Autocratic model
Custodial model
Supportive model
Collegial model
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.134
A current account surplus implies that:
The country is a net lender to the rest of the world
The country is running a net capital account surplus
Foreign investment in domestic securities is at very low levels
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.135
Which of the following is not an element of credit Policy?
Collection Policy
Credit terms
Sales price
Cash discount price
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(C)
Q.136
___________ is a type of preferred stock that provides a greater guarantee of dividend payments to its holders
Cumulative preferred stock
Non-comulative preferred stock
Common stock
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.137
Electronic magnified information is called
E-commerce
Digital business
Electronic Business
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(D)
Q.138
The _________ is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation
Prime interest rate
Real interest rate
Variable interest rate
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(B)
Q.139
The net present value is:
is calculated by discounting all cash flows to present value and subtracting outflows from inflows
calculates the rate return which leaves you indifferent between undertaking the project, and not undertaking the project
leads to the same decisions as the use of the payback period
None of these
Assistant Director Accounts / Budget and Accounts Officer / Accounts Officer / Audit Officer (2023)
(A)
Q.140
Intrest rate can be used in :
Mathematics
Statistics
Financial
None of these
Clubbed Case Canal Patwari Seconf Phase (Evening) (2023)
(C)
Q.141
The Proposed Kalabagh dam will produced how much electricity :
3000 MW
3600MW
4000MW
None of these
Assistant (2022)
(B)
Q.142
Which Pakistani climber died recently with foreign climbers at K-2
Sajid Sadpara
Mohammad Ali Sadpara
Gulzar Ahmad Sadpara
None of these
Lecturer Pakistan Studies (2022)
(B)
Q.143
Pakistan is Situated in which continent?
Asia
Australia
Africa
None of these
Lecturer History (2021)
(A)
Q.144
The first person who climbed the Nanga Parbat?
Ashraf Aman
Hermann Buhl
Martin Conway
None of these
Store Officer (2021)
(B)
Q.145
Which country gets most monsoon rain?
South & East Asia
Africa
East US
None Of these
Assistant (2021)
(A)
Q.146
____ is outcome of payment divided by the interest rate:
Due perpetuity
Deferred perpetuity
Present value of perpetuity
Future value of perpetuity
Accountant (2020)
(C)
Q.147
__is a strategy that focuses on offering cheapest product in the market.
Cost leadership
Focus strategy
Differentiation strategy
None of these
Accountant (2020)
(A)
Q.148
Deferred tax payments would be shown as _____while calculating net cash flows.
Non-cash charges
Non-cash revenues
Income expense
Current liabilities
Accountant (2020)
(A)
Q.149
A service firm may have additional segment of marketing mix:
People
Price
Place
Promotion
Accountant (2020)
(A)
Q.150
Promotion of an employee to fill a vacant post is a good example of
External recruitment
Online recruitment
Internal recruitment
All of these
Accountant (2020)
(C)
Q.151
Job enrichment is___
Vertical expansion in job
Horizontal expansion in job
Lateral expansion in job
None of these
Accountant (2020)
(A)
Q.152
____Is a digital asset designed to work as a medium of exchange.
E-commerce.
E-currency
Cryptocurrency
None of these
Accountant (2020)
(C)
Q.153
_____has a unique origin i.e. zero.
Nominal scale
Ordinal scale
Interval scale
Ratio scale
Accountant (2020)
(D)
Q.154
A strategy where firm tries to expand the market and move to a new market with existing product is called:
Market development
Diversification
Product development
Market Penetration.
Accountant (2020)
(D)
Q.155
___not a form of departmentalization.
Geographical based
Functional based.
Product based
Quality based
Accountant (2020)
(D)
Q.156
___represents the net worth of a business
Assets net of liabilities
Liabilities net of assets spo
Liabilities net of earning
Earnings per share
Accountant (2020)
(A)
Q.157
Gathering information from advertising campaigns and sales people could be better named as:
Personal sources of information gathering
Experiential sources of information gathering
Commercial sources of Information gathering
None of these
Accountant (2020)
(C)
Q.158
__________dimension of transformational leadership deals with the focus on each member of the organization.
Idealized influence
Inspirational motivation
Individualized consideration
None of these
Accountant (2020)
(B)
Q.159
____ focuses on the future needs of both organizational and employee needs:
training and development
performance management
career management
None of these
Accountant (2020)
(A)
Q.160
The working capital reaches to zero when the current ratio is:
1
2
3
None of these
Accountant (2020)
(A)
Q.161
Accounting principles are generally based on
Practicability
Subjectivity
Convenience in recording
None of the above
Accountant (2020)
(A)
Q.162
Real accounts are related to
Assets
Expense and incomes
Customers and creditor
None of the above
Accountant (2020)
(A)
Q.163
Quick Asset includes which of the fallowing
Cash
Account receivable
Both a &b
Marketable securities
Accountant (2020)
(B)
Q.164
Depreciation Expense is
a cash inflow.
a cash outflow
Added to the accumulated
Ignored when proper cash flow statements
Accountant (2020)
(C)
Q.165
Double entry book-keeping was fathered by
F.W.Taylor
Henry Fayol
Lucas Pacioli
None of these
Accountant (2020)
(C)
Q.166
Partners in Pakistan can today be fixed at the following numbers
20
50
70
22
Accountant (2020)
(A)
Q.167
Cash budget excludes the following
Non Cash items
Cash items
Purchase on Credit items
Credit Sales
Accountant (2020)
(A)
Q.168
NGOs are legally required to
Prepare accounts in a prescribed manner under the law
Prepare accounts as dseired by donors
submit Balance sheet only
Submit income source only
Accountant (2020)
(A)
Q.169
Conversion cost is:
Material Cost +Overhead Cost
Direct Labour+Material Cost
Direct Labour-Material Cost
Labour Cost +Overhead Cost
Accountant (2020)
(D)
Q.170
Process Costing is relevant to:
Cement industry
Job Order cost oriented Project
Banking Industry
None of these
Accountant (2020)
(A)
Q.171
A partnership in today 's Pakistan under the current law can have the following number of partners
50
20
100
70
Accountant (2020)
(B)
Q.172
Combination can be best described as:
Restructuring of Capital of a Company
Reduction of Capital of a Company
Amalgamation of two different types of business
Joint venture
Accountant (2020)
(C)
Q.173
Sources of funds can be increased by
Describing selling price
Increasing expenditure
By opting efficient processes
None of these
Accountant (2020)
(D)
Q.174
Books of original entry are called:
ledger
Work Sheets
Journal
None of these
Accountant (2020)
(C)
Q.175
For preparing balance sheets prepaid expenses are shown as part of
Liability
Equities
Assets
None of these
Accountant (2020)
(C)
Q.176
Unpaid and unrecorded expenses are called:
Prepaid expenses
Accrued expenses
Additional expenses
None of these
Accountant (2020)
(B)
Q.177
Amount cash or other assets removed from business by owner is
Capital
Drawings
Assets
None of these
Accountant (2020)
(B)
Q.178
Under the diminishing balance method depreciation amount is:
Payment
Receipt
Expenditure
None of these
Accountant (2020)
(C)
Q.179
Return on investment is computed:
Investment /Profit*100
(Profit / Investment ) *100
(Profit-dividend) / Investment*100
None of these
Accountant (2020)
(B)
Q.180
Sugar used in a sugarcane company is:
Variable cost
Semi Variable cost
Flxed cost
Step fixed cost
Accountant (2020)
(A)
Q.181
An auditor is liable under the following circumstances
Third Party Liabilites
Fraud Perpetrated in highly sophisticated circumstances
Both a & b
None of these
Accountant (2020)
(B)
Q.182
Conversion Cost is calculated as under
Labour Plus Material
Labour Plus overheads
Labour minus overhead
None of these
Accountant (2020)
(B)
Q.183
Double Entry Book Keeping was fathered by
Luca Pacioli
Youjiljiri
Micheal Hammer
Ishikawa
Accountant (2020)
(A)
Q.184
Accumulated loss of a company is shown in the balance sheet as:
Liability
Asset
As foot note to balance sheet
None of these
Accountant (2020)
(B)
Q.185
Under the Companies ordinance 1984 disclosure of financial information is legally required for listed companies under
Schedule 6
Shedule 5
Schedule 4
Schedule 8
Accountant (2020)
(C)
Q.186
Trading loss occurs when
Revenues exced the matching relevant costs
Revenue and matching costs are wqual to each other
When relevant matching cost exceeds revenues
None of these
Accountant (2020)
(C)
Q.187
Accounting requirements governing NGOs are prescribed in:
Partnership Act 1932
Cooperative Societies legislation
Companles Ordinance 1984
None of these
Accountant (2020)
(B)
Q.188
Work sheet is equivalent to:
Balance sheet
Income statement
Trial Balance
nn
Accountant (2020)
(C)
Q.189
The following represent tangible assets and are shown in the balance sheet as:
People
Expenses
Revenue
Good will
Accountant (2020)
(D)
Q.190
Under the Rule of thumb a good current ratio is:
6:1
10:1
5:1
2:1
Accountant (2020)
(D)
Q.191
Pakistan follows the following budgeting system at Federal level
Zero Based Budgeting
Program Budgeting
Incremental/Decremental Budgeting
Responsibility Budgeting
Accountant (2020)
(C)
Q.192
PSX is a/an ____company
Limitd liability
Unlimited Liability
Single member
Limited by guarantee
Accountant (2020)
(C)
Q.193
Setting goals and devising strategies to achieve them denotes Which of the management function?
Controlling
Leading
Organizing
Planning
Accountant (2020)
(D)
Q.194
Marketing is an
Outside in activity
Inside out activity
Both in and outside activity
None of these
Accountant (2020)
(C)
Q.195
Class room lectures seminars and workshops are example:
Non-Job traning
on the job training
Off the job training
None of these
Accountant (2020)
(C)
Q.196
Selling is different from marketing as:
Selling is outside in activity
Selling is inside out activity
Marketing is inside out aactivity
All of the above
Accountant (2020)
(A)
Q.197
Herzberg's Motivation two-factor theory covers factor named___ and ____:
Hyglene and motivator factors
Hyglene and esteem factors
Motivators and esteem factor
None of these
Accountant (2020)
(A)
Q.198
The ownership of central bank of a country may belong to:
Government
Private Ownership
Both a & b
None of these
Accountant (2020)
(A)
Q.199
_____is a form of partnership where a partner is liable for amount of capital invested in business.
Special partnership
General partnership
Limited partnership
None of these
Accountant (2020)
(C)
Q.200
Which of the following Pakistani player won the 1994 World Snooker Championship?
Muhammad Yousaf
Muhammad Asif
Hamza Akbar
Shoukat Ali
Assistant (2019)
(A)