Solved Past Papers Mcqs of Accountant Local Government for the preparation of NTS, PPSC, SPSC, BPSC, KPSC, FPSC, OTS and other academic entry tests and jobs tests.
41. —– are short term, always backed by a reason and either positive or negative
A) Emotions
B) Moods
C) Both emotions and moods
D) None of these
42. Promotion of an employee to fill a vacant post is a good example of
A) External recruitment
B) Online recruitment
C) Internal recruitment
D) All of these
43. Job enrichment is —–
A) Vertical expansion in job
B) Horizontal expansion in job
C) Lateral expansion in job
D) None of these
44. —– is a digital asset designed to work as a medium of exchange
A) E-commerce
B) E-currency
C) Cryptocurrency
D) None of these
45. —— has a unique origin i.e zero
A) Nominal scale
B) Ordinal scale
C) Interval scale
D) Ratio scale
46. A strategy where a firm tries to expand the market and move to a new market with the existing product is called
A) Market development
B) Diversification
C) Product development
D) Market Penetration
47. —– not a form of departmentalization
A) Geographical based
B) Functional based
C) Product based
D) Quality based
48. If the human is an iceberg, the visible pan of human would better be termed as
A) Attitude
B) Behavior
C) Attitude
D) None of the above
49. —— represents the net worth of a business
A) Assets net of liabilities
B) Liabilities net of assets
C) Liabilities net of earning
D) Earnings per share
50. Gathering information from advertising campaigns and salespeople could be better named as
A) Personal sources of information gathering
B) Experiential sources of information gathering
C) Commercial sources of information gathering
D) None of these
51. —– focuses on the future needs of both organizational and employee needs
A) Training and development
B) Performance management
C) Career management
D) None of these
52. The working capital reaches to zero when the current ratio is
A) 1
B) 2
C) 3
D) None of these
53. Accounting principles are generally based on
A) Practicability
B) Subjectivity
C) Convenience in recording
D) None of the above
54. Real accounts are related to
A) Assets
B) Expense and incomes
C) Customers and creditor
D) None of the above
55. Quick Asset includes which of the following
A) Cash
B) Account receivable
C) Both A & B
D) Marketable securities
56. Depreciation Expense is
A) A cash inflow
B) A cash outflow
C) Added to the accumulated
D) Ignored when proper cash flow statements
57. Double-entry book-keeping was fathered by
A) F.W. Taylor
B) Henry Fayol
C) Lucas Pacioli
D) None of the above
58. Partners in Pakistan can today be fixed at the following numbers
A) 20
B) 50
C) 70
D) 22
59. Cash budget excludes the following
A) Non-Cash items
B) Cash items
C) Purchase on Credit items
D) Credit sales
60. NGOs are legally required to
A) Prepare accounts in a prescribed manner under the law
B) Prepare accounts as desired by donors
C) Submit Balance sheet only
D) Submit income source only
