Model Paper PPSC 2020 Accountant Local Government and Community Development

Total Questions: 99

1 - ....is outcome of payment divided by the interest rate.

A ) Due perpetuity
B ) Deferred perpetuity
C ) Present value of perpetuity ✅
D ) Future value of perpetuity

2 - .....is a strategy that focuses on offering cheapest product in the market.

A ) Cost leadership ✅
B ) Focus strategy
C ) Differentiate strategy
D ) None of these

3 - Deffered tax payments would be shown as ..... while calculating net cash flows.

A ) Non-cash charges ✅
B ) Non-cash revenues
C ) Income expense
D ) Current liabilities

4 - .....is variable that has infinite number of values.

A ) Continuous variable ✅
B ) Discrete variable
C ) Classificatory variable
D ) None of these

5 - Departmental level goals may be a good synonym of:

A ) Corporate level goals
B ) Business level goals
C ) Operational level goals ✅
D ) Financial goals

6 - A service firm may have additional segment of marketing mix:

A ) People ✅
B ) Price
C ) Place
D ) Promotion

7 - .....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

8 - 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

9 - Job enrichment is.....

A ) Vertical expension in job ✅
B ) Horizontal expansion in job
C ) Lateral expansion in job
D ) None of these

10 - ....is a digital asset designed to work as a medium of exchange.

A ) E-commerce
B ) E-currency
C ) Cryptocurrency ✅
D ) None of these

11 - ....has a unique origin zero.

A ) Nominal scale
B ) Ordinal scale
C ) Interval scale
D ) Ratio scale ✅

12 - A strategy where firm tries to expand the market and move to a new market with existing product is called:

A ) Market development
B ) Diversification
C ) Product development
D ) Market Penetration ✅

13 - .....not a form of departmentalization

A ) Geographical based
B ) Functional based
C ) Product based
D ) Quality based ✅

14 - If human is an iceberg, the visible part of human would better be termed as:

A ) Attitude
B ) Behavior ✅
C ) Attitude
D ) None of these

15 - .... 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

16 - Gathering information from advertising campaigns and sales people could be better named as:

A ) Personal sources of information gathering
B ) Experimental sources of information gathering
C ) Commercial sources of information gathering ✅
D ) None of these

17 - .....focuses on the future needs of both organization and employee needs.

A ) Training and development ✅
B ) Performance management
C ) Career management
D ) None of these

19 - Accounting principles are generally based on

A ) Practicability ✅
B ) Subjectivity
C ) Convenience in recording
D ) None of these

20 - Real accounts are related to

A ) Assets ✅
B ) Expense and income
C ) Customers and creditors
D ) None of these

21 - Quick Assets includes which of the following

A ) Cash
B ) Account receivable ✅
C ) Both a and b
D ) Marketable securities

22 - Depreciation Expense is

A ) A cash inflow
B ) A cash outflow
C ) Added to the accumulated ✅
D ) Ignored when proper cash flow statement

23 - Double entry book-keeping was fathered by

A ) F.W Taylor
B ) Henry Fayol
C ) Lucas Pacioli ✅
D ) None of these

25 - Cash budget excludes the following

A ) Non-cash items ✅
B ) Cash items
C ) Purchase on credit items
D ) Credit sales

26 - NGOs are legally required to

A ) Prepare accounts in a prescribed manner under theaw ✅
B ) Prepare accounts as desired by donors
C ) Submit balance sheet only
D ) Submit income source only

27 - Conversion cost is

A ) Material Cost+ Overhead Cost
B ) Direct Labour+Material Cost
C ) Direct Labour -Material Cost
D ) Labour Cost+ Overhead Cost ✅

28 - Process Costing is relevant to

A ) Cement industry ✅
B ) Jobs order cost oriented peojects
C ) Banking industry
D ) None of these

30 - Combination can be best described as

A ) Restructuring of Capital of a Company
B ) Reducing of Capital of a Company
C ) Amalgamation of two different types of business ✅
D ) Joint venture

31 - Sources of funds can be increased by

A ) Describing selling prices
B ) Increasing expenditure
C ) By opting efficient processes
D ) None of these

32 - Books of original entry are called:

A ) Ledger
B ) Worksheet
C ) Journal ✅
D ) None of these

33 - For preparing balance sheet prepaid expenses are shown as part of

A ) Liability
B ) Equities
C ) Assets ✅
D ) None of these

34 - Unpaid and unrecorded expenses are called

A ) Prepaid expenses
B ) Accrued expenses ✅
C ) Additional expenses
D ) None of these

35 - Amount,cash,or other assets removed from business by owner is

A ) Capital
B ) Drawing ✅
C ) Assets
D ) None of these

36 - Under the diminishing balance method, depreciation amount is

A ) Payment
B ) Receipt
C ) Expenditure ✅
D ) None of these

37 - Return on investment is computed

A ) Investment/profit ×100
B ) (profit/investment)×100 ✅
C ) (profit -dividend)/ investment ×100
D ) None of these

38 - Sugar used in a sugarcane company is

A ) Variable cost ✅
B ) Semi variable cost
C ) Fixed cost
D ) Step fixed cost

39 - An auditor is liable under the following circumstances

A ) Third party liabilities
B ) Fraud prepetrated in highly sophisticated circumstances ✅
C ) Both of above
D ) None of these

40 - Conversion Cost is calculated as under

A ) Labour Plus Materials
B ) Labour Plus overheads ✅
C ) Labour minus overhead
D ) None of these

41 - Double Entry Book Keeping was fathered by

A ) Luca Paioli ✅
B ) Yoyiljiri
C ) Michael Hammer
D ) Ishikawa

42 - Accumulated loss of a company is shown in the balance sheet as

A ) Liability
B ) Asset ✅
C ) As foot note to balance sheet
D ) None of these

44 - Trading loss occurs when

A ) Revenues exceeds the matching relevant costs
B ) Revenue and matching costs are equal to each other
C ) When relevant matching costs exceeds revenue ✅
D ) None of these

45 - Accounting requirements governing NGOs are prescribed in

A ) Partnership Act 1932
B ) Cooperative Societies legislation ✅
C ) Companies Ordinance 1984
D ) None of these

46 - Worksheet is equivalent to

A ) Balance sheet
B ) Income statement
C ) Trial balance ✅
D ) None of these

48 - Under the rule of thumb a good current ratio is

A ) 6:1
B ) 10:1
C ) 5:1
D ) 2:1 ✅

49 - Pakistan follows the following budgeting system at Federal level

A ) Zero-Based Budgeting
B ) Program Budgeting
C ) Incremental/decremental budgeting ✅
D ) Responsibility Budgeting

50 - PSX is a/an..... company.

A ) Limited by shares
B ) Unlimited liability
C ) Single member
D ) Limited by guarantee ✅

51 - ....is a better synonym for an average.

A ) Geometric mean
B ) Harmonic mean
C ) Arithmetic mean ✅
D ) Weighted average mean

53 - Marketing is an.

A ) Outside in activity
B ) Inside out activity
C ) Both in and outside activity
D ) None of these

54 - Class room lectures,seminars and workshops are examples of

A ) Non-job training
B ) On the job training
C ) Off the job training ✅
D ) None of these

55 - Selling is different from marketing, as:

A ) Selling is outside in activity ✅
B ) Selling is inside out activity
C ) Marketing is inside out activity
D ) All of these

56 - Herzberg's Motivation two factor theory covers,factors named....and .....

A ) Hygiene and motivator factors ✅
B ) Hygiene and esteem factors
C ) Motivators and esteem factors
D ) None of these

57 - The ownership of central bank of a country may belongs to:

A ) Government ✅
B ) Private ownership
C ) Both a and b
D ) None of these

58 - ....related personality factors deals with one's ability to manage emotions.

A ) Emotional Intelligence ✅
B ) Consciousness
C ) Neuroticism
D ) Openness to experience

59 - ....is a form of partnership where a partner is liable for amount of capital invested in business.

A ) Special partnership
B ) General partnership
C ) Limited partnership ✅
D ) None of these

60 - Who is the current President of Cuba?(5Times in Exams 2009,2017,2019,2020,2019LHC)

A ) Fidal Castro
B ) Hugo Chavez
C ) Miguel Diaz Canel ✅
D ) None of these

61 - What is the harm from the depletion of Earth's Ozone Layer?

A ) The average operation of the Earth's surface will increase gradually
B ) The oxygen content of the atmosphere will decrease
C ) Increased amount of UV rays will reach Earth's surface ✅
D ) Sea levels will rise as the polar ice caps will gradually melt

62 - The United States of America at present is a Federation consisting of:

A ) 45 states
B ) 50 states ✅
C ) 52 states
D ) 55 states

63 - The compound used in anti-Malaria drugs is:

A ) Chloroquine ✅
B ) Aspirin
C ) Neoprene
D ) Isoprene

64 - Tonsils in humans are located in which part of the body?

A ) Stomach
B ) Nervous System
C ) Throat ✅
D ) Brain

65 - "Leukemia" is a disease of the:

A ) Lungs
B ) Blood ✅
C ) Skin
D ) Nerves

66 - The capital of 'Somalia' is:

A ) Kampala
B ) Maputo
C ) Asmara
D ) Mogadishu ✅

67 - Who was appointed as the first President of All India Muslim League?

A ) Nawab Salim Ullah
B ) Nawab Waqar-ul-Mulk
C ) Nawab Mohsin-ul-Mulk
D ) Sir Agha khan ✅

68 - Who is a Polymath?

A ) Mathematician
B ) Astronomer
C ) Inventor of Tools
D ) Expert of many subjects ✅

69 - Which Surah of the Holy Quran is called Umm-ul-Kitab?

A ) Surah Yaseen
B ) Surah Rehman
C ) Surah Baqarah
D ) Surah Fateha ✅

70 - Hazrat Muhammad SAW gave the key of Baitullah permanently to:

A ) Hazrat Usman Bin Talha ✅
B ) Hazrat Abdullah Bin Amir
C ) Hazrat Hanzia Bin Abi Amir
D ) Hazrat Khalid Bin Waleed

71 - Hazrat Muhammad SAW went to Syria with Hazrat Abu Talib at the age of:

A ) 12 years ✅
B ) 15 years
C ) 18 years
D ) None of these

72 - What is the meaning of the expression "En route"?

A ) On the way ✅
B ) By the way
C ) Difficult route
D ) Familiar route

73 - Antonym of "Static" is:

A ) Monotonous
B ) Undeviating
C ) Mobile ✅
D ) Constant

74 - Complete the proverb: "There is no place like.....".

A ) Home ✅
B ) House
C ) Heaven
D ) A forest

76 - Which city of Pakistan is called the "City of Saints"?

A ) Lahore
B ) Multan ✅
C ) Faisalabad
D ) Quetta

77 - The first Pakistan National Marathon Race was organized at:

A ) Islamabad ✅
B ) Karachi
C ) Lahore
D ) None of these

79 - An email can't be sent without:

A ) Subject
B ) Attachment
C ) Receiver's Email address ✅
D ) Message

80 - In Medical field computers are used in:

A ) Laboratories
B ) Patient Scanning
C ) Monitoring and Pharmacy
D ) All of these

82 - Complete the series 1,6,13,22,33,.....

A ) 44
B ) 45
C ) 46 ✅
D ) 47

83 - If x=3 then x³=?

A ) 6
B ) 9
C ) 27 ✅
D ) 81

84 - Complete the series 1,0,3,2,5,4,....

A ) 9
B ) 8
C ) 7 ✅
D ) 10

86 - Microsoft Windows is the great invention of:

A ) Charles Ranlett Flint
B ) Paul Allen
C ) Bill Gates
D ) Both b and c

87 - Who was the first woman to travel into space?

A ) Sally ride
B ) Valentina Tereshkova ✅
C ) Sventiana Savitskaya
D ) Eileen Collins

88 - "Genoa" is a seaport of:

A ) Switzerland
B ) Sweden
C ) France
D ) Italy ✅

89 - Silicon valley is situated of:

A ) New York, USA
B ) California USA ✅
C ) Boston USA
D ) Oxford, UK

90 - Which of the following country is not part of south Asia?

A ) Nepal
B ) Bhutan
C ) Sri Lanka
D ) Brunei Darussalam ✅

91 - ....is the longest river of Balochistan province.

A ) Nihing
B ) Kech
C ) Hingol ✅
D ) Dasht

92 - A famous city of Burman is:

A ) Agra
B ) Bangkok
C ) Dhaka
D ) Rangoon ✅

93 - Railway, Vehicles and aeroplanes are called:

A ) Means of Communication ✅
B ) Means of transport
C ) Means of trade
D ) Means of Industrial development

94 - Civilian Martial Law with President Z.A.Bhutto at the helm of affairs came to an end on:

A ) April 2,1972
B ) April 21,1972 ✅
C ) Aug 14,1973
D ) Aug 15,1973

96 - لیت و لعل کرنا" سے کیا مراد ہے؟"

A ) برا بھلا کہنا
B ) شیخی مارنا
C ) ٹال مٹول کرنا ✅
D ) ان میں سے کوئی نہیں

97 - آتش کدہ" کس مشہور شاعر کا مجموعہ کلام ہے؟"

A ) علامہ اقبال
B ) مرزا غالب ✅
C ) الطاف حسین حالی
D ) ڈاکٹر محمد دین تاثیر

98 - بس کہ دشوار ہے ہر کام کا آساں ہونا آدمی کو بھی میسر نہیں انساں ہونا درج زیل شعر کس کا ہے؟

A ) علامہ اقبال
B ) الطاف حسین حالی
C ) اسداللہ خان غالب ✅
D ) فیض احمد فیض

99 - اردو افسانہ "گڈریا" کس کی تخلیق ہے؟

A ) پریم چند
B ) غلام عباس
C ) اشفاق احمد ✅
D ) احمد ندیم