Pedagogy Test 73

Total Questions: 28

1 - A plan expressed in financial terms may also be known as a:

A ) Balanced scorecard
B ) Forecast
C ) Final account
D ) Budget ✅

2 - Which of the following would be found in a cash budget?

A ) Depreciation
B ) Capital expenditure ✅
C ) Provisions for doubtful debts
D ) Accrued expenditure

3 - A forecast set of final accounts is also known as:

A ) Cash budget
B ) Master budget ✅
C ) Capital budget
D ) Sales budget

6 - A budget in which receipts are equal to or greater than outlays in a fiscal period is called:

A ) Flexible budget
B ) Master budget
C ) Production budget
D ) Balanced budget ✅

8 - According to constitution of Pakistan a Money Bill originates in the

A ) National Assembly ✅
B ) Senate
C ) President
D ) Standing committee

11 - Profit is measured by:

A ) Revenue -fixed costs
B ) Fixed cost+revenue
C ) Revenue -Sales
D ) Revenue -total costs ✅

12 - Which of the following is not likely to be a government objective?

A ) Increasing employment
B ) Increasing economic growth
C ) Increasing government spending ✅
D ) Increasing the level of exports

13 - A deflationary Policy could include:

A ) Increasing injections
B ) Reducing taxation rates
C ) Reducing interest rates
D ) Reducing government spending ✅

14 - A reflationary Policy:

A ) Increases aggregate supply
B ) Increases aggregate demand ✅
C ) Decreases the price level
D ) Increases full employment

15 - GDP plus net property income from abroad equals what?

A ) GNP ✅
B ) NNP
C ) Depreciation
D ) Real GDP

16 - To adjust GDP from market price to factor cost:

A ) Add indirect texes
B ) Subtract subsidies
C ) Deduct indirect taxes and subsidies
D ) Deduct indirect taxes and add subsidies ✅

17 - An expansionist fiscal policy could include:

A ) Lower interest rates
B ) Increased lending by the banks
C ) An increase in corporation tax
D ) An increase in discretionary government spending ✅

18 - If the economy grows the government's budget position will automatically:

A ) Worsen
B ) Improve ✅
C ) Stay the same
D ) Increases with inflation

19 - National income estimates in Pakistan is prepared by:

A ) Planning commission
B ) SBP
C ) Finance ministry ✅
D ) C.S.O

20 - What is Zero Base Budgeting?

A ) Infinite deficit financing
B ) No curtailment in unproductive expenditure
C ) No appraisal of new programmes
D ) Preparation of new budget every time ✅

21 - In Pakistan government budget is prepared by

A ) National Assembly
B ) President of Pakistan
C ) Ministry of Finance ✅
D ) State Bank of Pakistan

22 - Pakistan's fiscal year starts from

A ) 1st September
B ) 1st january
C ) 1st April
D ) 1st July ✅

23 - Which of the following budgets would not form part of the master budget?

A ) Cash budget
B ) Income statement
C ) Sales budget ✅
D ) Statement of financial position

24 - Which of the following is not a functional budget?

A ) Labour budget
B ) Cash budget ✅
C ) Materials budget
D ) Expenses budget

25 - The overall summary budget encompassing all the individual budget is called as

A ) Flexible budget
B ) Master budget ✅
C ) Production budget
D ) Sales budget