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Audits & Accounting

Subjects

  • Audits & Accounting
  • Computer Skills
  • English
  • Everyday Science
  • General Knowledge
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  • Islamic Studies
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Q.1The Proposed Kalabagh dam will produced how much electricity :

(B)
Q.2Which Pakistani climber died recently with foreign climbers at K-2

(B)
Q.3Pakistan is Situated in which continent?

(A)
Q.4The first person who climbed the Nanga Parbat?

(B)
Q.5Which country gets most monsoon rain?

(A)
Q.6____ is outcome of payment divided by the interest rate:

(C)
Q.7__is a strategy that focuses on offering cheapest product in the market.

(A)
Q.8Deferred tax payments would be shown as _____while calculating net cash flows.

(A)
Q.9 A service firm may have additional segment of marketing mix:

(A)
Q.10 Promotion of an employee to fill a vacant post is a good example of

(C)
Q.11 Job enrichment is___

(A)
Q.12____Is a digital asset designed to work as a medium of exchange.

(C)
Q.13_____has a unique origin i.e. zero.

(D)
Q.14 A strategy where firm tries to expand the market and move to a new market with existing product is called:

(D)
Q.15___not a form of departmentalization.

(D)
Q.16___represents the net worth of a business

(A)
Q.17Gathering information from advertising campaigns and sales people could be better named as:

(C)
Q.18__________dimension of transformational leadership deals with the focus on each member of the organization.

(B)
Q.19____ focuses on the future needs of both organizational and employee needs:

(A)
Q.20The working capital reaches to zero when the current ratio is:

(A)
Q.21Accounting principles are generally based on

(A)
Q.22Real accounts are related to

(A)
Q.23 Quick Asset includes which of the fallowing

(B)
Q.24Depreciation Expense is

(C)
Q.25Double entry book-keeping was fathered by

(C)
Q.26Partners in Pakistan can today be fixed at the following numbers

(A)
Q.27 Cash budget excludes the following

(A)
Q.28NGOs are legally required to

(A)
Q.29Conversion cost is:

(D)
Q.30Process Costing is relevant to:

(A)
Q.31A partnership in today 's Pakistan under the current law can have the following number of partners

(B)
Q.32Combination can be best described as:

(C)
Q.33Sources of funds can be increased by

(D)
Q.34Books of original entry are called:

(C)
Q.35For preparing balance sheets prepaid expenses are shown as part of

(C)
Q.36Unpaid and unrecorded expenses are called:

(B)
Q.37Amount cash or other assets removed from business by owner is

(B)
Q.38Under the diminishing balance method depreciation amount is:

(C)
Q.39Return on investment is computed:

(B)
Q.40Sugar used in a sugarcane company is:

(A)
Q.41An auditor is liable under the following circumstances

(B)
Q.42Conversion Cost is calculated as under

(B)
Q.43Double Entry Book Keeping was fathered by

(A)
Q.44Accumulated loss of a company is shown in the balance sheet as:

(B)
Q.45Under the Companies ordinance 1984 disclosure of financial information is legally required for listed companies under

(C)
Q.46 Trading loss occurs when

(C)
Q.47Accounting requirements governing NGOs are prescribed in:

(B)
Q.48Work sheet is equivalent to:

(C)
Q.49The following represent tangible assets and are shown in the balance sheet as:

(D)
Q.50Under the Rule of thumb a good current ratio is:

(D)
Q.51Pakistan follows the following budgeting system at Federal level

(C)
Q.52PSX is a/an ____company

(C)
Q.53Setting goals and devising strategies to achieve them denotes Which of the management function?

(D)
Q.54Marketing is an

(C)
Q.55Class room lectures seminars and workshops are example:

(C)
Q.56Selling is different from marketing as:

(A)
Q.57Herzberg's Motivation two-factor theory covers factor named___ and ____:

(A)
Q.58The ownership of central bank of a country may belong to:

(A)
Q.59_____is a form of partnership where a partner is liable for amount of capital invested in business.

(C)
Q.60Which of the following Pakistani player won the 1994 World Snooker Championship?

(A)
Q.61Stock exchange is known as market for securities.

(B)
Q.62Right Shares are the shares

(A)
Q.63Net profit ratio is a :

(B)
Q.64Liquid ratio is also known as ratio:

(C)
Q.65In his traditional role the finance manager is responsible for

(A)
Q.66Control of financial planning is key responsibility of :

(A)
Q.67A buyer's perception of value is considered a trade-off between;

(B)
Q.68Having some overall goal in mind, financial management is concerned with:

(D)
Q.69Capital Structure is an optimal mix of which one of the following options;

(B)
Q.70Bonds with longer maturities generally have ___ interest rate risk

(A)
Q.71At breakeven point;

(A)
Q.72Patents, Copyrights and Trademakrs are :

(B)
Q.73Floating assets are valued at;

(C)
Q.74When the coupon rate is less than the required rate of return the discount on the bond as maturity approaches.

(B)
Q.75________ refers to the risk inherent to the entire market or market segment .

(C)
Q.76Which of the following is not a current asset?

(D)
Q.77The first and foremost function of management is:

(A)
Q.78Money Market is an in which only short-term debt instrument (Maturity less than one year) are traded.

(A)
Q.79Which of the following is a method that is commonly used in qualitative research?

(C)
Q.80The form of business having unlimited liabilities

(A)
Q.81A is a potential obligation that may arise from an event that has not yet occured

(B)
Q.82Contribution margin is also known as :

(A)
Q.83A series of constant cash flows that occur at the end of each period for some fixed number of periods is :

(A)
Q.84Verification refers to:

(D)
Q.85Process of verifying the documentary evidences of trasactions are known as :

(B)
Q.86Bringing all parties to an agreement is termed as:

(C)
Q.87Zero Coupon Bond is also known as :

(A)
Q.88An efficient market hypothesis state all public information which is reflected in current market prices is classified as :

(C)
Q.89The firm operate, produce, market all over the world is called:

(B)
Q.90Debtors have least profit share due to:

(A)
Q.91A feasibility study considers all of the aspects of project, including:

(D)
Q.92An expenditure which occurs non-repeatedly and regularly is known as:

(A)
Q.93Land revenue assigned to jagirdar used for:

(A)
Q.94Supervisor wage is a part of:

(A)
Q.95A market for wholesale loans and deposits traded between banks is called:

(A)
Q.96Government made policy for the industrial sector is called

(B)
Q.97Characteristics of the job is also known as:

(C)
Q.98which one of the following becomes a creative factor in production:

(B)
Q.99Which research is conducted when a researcher needed a solution to a problem?

(B)
Q.100Which factor has been the most rapidly changing component in an organization's general enviroment in the past quarter-century:

(C)
Q.101Change in government policy with in the content of tax:

(B)
Q.102The Main operation expenses of a business are termed as :

(A)
Q.103The part of equity having certain return is called:

(B)
Q.104The primary objective of cost accounting is to :

(A)
Q.105Human Resource Management deals with:

(B)
Q.106Agency Theory suggests that managers (the agents), particularly those of large , publically-owned firms , may have different objectives from those of the :

(D)
Q.107Auditing refers to:

(B)
Q.108Inventory Period + Accounts Reeviable Preiod is called

(B)
Q.109The standard deviation is the __________ of the variance:

(B)
Q.110Fixed assets turnover ratio is a :

(C)
Q.111The following factor would be relatively low if supply of labor is higher than demand:

(C)
Q.112According to the capital-asset pricing model (CAPM), a security's expected (required) return is equal to the risk-free rate plus a premium:

(D)
Q.113Which one renders high profitability?

(C)
Q.114is the phase of an audit where the auditor gathers samples to identify any material misstatements in the client's accounting records or other data

(A)
Q.115In response to market expectations, the credit period has been increased from 45 days to 60 days. This would result in a:

(D)
Q.116Bonus shares are issued out of:

(B)
Q.117Balance Sheet shows

(B)
Q.118Which body prepare and publish audit standards:

(A)
Q.119income statement is also known as :

(C)
Q.120which statement shows the flow of cash and cash equivalents during the financial period:

(B)
Q.121Investment decision making traditionally consists of two steps ___________:

(D)
Q.122Monopolistic competition differs from perfect competition primarily because:

(A)
Q.123An advertisement which conceal organization identity:

(B)
Q.124Each element having equal chances of selection is called:

(A)
Q.125A 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 :

(B)
Q.126The maximum amount beyond which a company is not allowed to raise funds by Issue of Share is :

(C)
Q.127Banks realize dividend and interest on behalf of customer is included in:

(B)
Q.128Ratio of net profit before interest and tax to sales is :

(C)
Q.129The capital budgeting in which we check in how many year initial investment is cover is called:

(C)
Q.130Which is the primary activity of a commercial bank?

(D)
Q.131Variable manufacturing overhead (VMOH) Fixed manufacturing overhead (FMOH) is a part of :

(B)
Q.132The term depletion applies to decrease in value of

(B)
Q.133Diversification as a tool for reducing risk by:

(B)
Q.134Assets are usually show in Balance Sheet (at

(A)
Q.135A Joint Stock Company is managed by

(D)
Q.136When government revenue exceeds government expenditure, it is known as _________ budget.

(A)
Q.137Which of the following is an example of nonverbal communication?

(B)
Q.138Which is not a characteristic of a service?

(B)
Q.139Petty cash is a part of:

(A)
Q.140Which of the following can be distributed among shareholders?

(B)
Q.141Strategy is developed by the visionary chief executive in ________ mode of strategic management

(D)
Q.142The doctrine of impossibility of performance, rendering a contract void, is based on:

(B)
Q.143Price elasticity of demand that ____________ is called inelastic.

(B)
Q.144Debt is a part of:

(C)
Q.145The types of good that are tangible in nature and that can be consumed in few uses are classified as:

(B)
Q.146Selling expenses includes in:

(C)
Q.147Audit evidence is cosidered sufficient when:

(A)
Q.148The career-related consequences of the delayering of organisations most likely options is:

(B)
Q.149Preference shareholders are ________ of the company:

(B)
Q.150Which of the following statements are incorrect?

(D)
Q.151The two internal elements of SWOT analysis are:

(C)
Q.152An organizational structure in which more than one type of departmentalization is employed is called:

(A)
Q.153Which of these options, apart from cash, are instruments to distribute profits to shareholders?

(D)
Q.154__________ is the subject matter of Macroeconomics.

(B)
Q.155Joint venture account is a:

(A)
Q.156The basic factors of production are land, labour, capital and:

(A)
Q.157Which of the following is a measure to reduce inequality of income?

(B)
Q.158The difference between desired service and the level of service considered adequateis known as:

(C)
Q.159The concept of consumer surplus was developed by:

(A)
Q.160Which is a system of selling goods directly to customers through a network of self-employed people.

(A)
Q.161An exceptional demand curve is one that slopes:

(C)
Q.162Authorized share capital is also known as:

(A)
Q.163Net loss occurs when:

(A)
Q.164The assets than can be converted into cash within a short period (i.e. 1 year or less) are known as:

(A)
Q.165Liquid Ratio is equal to liquid assets divided by _________

(A)
Q.166Liabilities are which of the following:

(B)
Q.167Goods returned by customer should be debited to which of the following accounts:

(C)
Q.168_________ is the aggregate of direct material cost, direct labor cost, and direct expenses.

(A)
Q.169Guarantee made by company bank to foreign bank for import is called:

(B)
Q.170Implicit cost is also known as:

(C)
Q.171Bank pass book is also known as:

(D)
Q.172Which statement is correct: Agency conflict is minimized by:

(B)
Q.173Residual value is the:

(B)
Q.174Which bank gave monetary policy in Pakistan

(A)
Q.175P/V ratio shows the _______ ratio.

(B)
Q.176Which item comes under financial activities in cash flow?

(D)
Q.177Cash budget include:

(D)
Q.178Which of the following is a revenue reserve?

(A)
Q.179Market control process consists:

(D)
Q.180Bank overdraft is a ____________.

(A)
Q.181The statement of cash flow clarifies cash flows according to:

(B)
Q.182Microeconomics theory is also known as:

(A)
Q.183The basic financial statements include:

(D)
Q.184Performance measurement is:

(B)
Q.185The parties to joint venture are called:

(C)
Q.186Income from property held under trust for charitable or religious purposes is:

(A)
Q.187Verification 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:

(C)
Q.188Undistributed profits are also known as:

(D)
Q.189The concept of reliability refers to:

(C)
Q.190The difference between assets and liabilities is called as:

(B)
Q.191Financial planning for long term and seasonal expense is:

(D)
Q.192A smart tag will be removed from the cell when:

(D)
Q.193Leadership motivates the people to work and not the power of money", this concept is related to

(B)
Q.194A current account surplus implies that:

(A)
Q.195Which of the following is not an element of credit Policy?

(C)
Q.196___________ is a type of preferred stock that provides a greater guarantee of dividend payments to its holders

(A)
Q.197Electronic magnified information is called

(D)
Q.198The _________ is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation

(B)
Q.199The net present value is:

(A)
Q.200Intrest rate can be used in :

(C)

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