Category: Commerce MCQs FPSC NTS PPSC Past Papers Test Questions

(A) London
(B) New York
(C) Washington
(D) Geneva

The answer is: (D) Geneva

(A) debits, credits
(B) credits, debits
(C) assets, liabilities
(D) liabilities, assets

The answer is: (B) credits, debits
Exports are credits and imports are debits.

Q. What is the “working capital” if:
cash in hand = 40,000; stock = 20,000; debtors = 15,000; current liabilities = 30,000
(A) 30,000
(B) 35,000
(C) 40,000
(D) 45,000

The answer is: (D) 45,000
40,000+20,000+15,000-30,000=45,000

(A) Actuary
(B) Accountant
(C) Chartered Accountant
(D) CFO

The answer is: (A) Actuary
Professionals employed by insurance companies or pensions providers to calculate factors such as life expectancy and likely payouts are known as “Actuary”.

(A) exporter
(B) importer
(C) buying agent
(D) bank

The answer is: (C) buying agent
A letter of credit is opened (or issued) on behalf of a buying agent.

(A) cash inflow – cash outflow
(B) cash outflow – cash inflow
(C) PV of cash inflow – PV of cash outflow
(D) PV of cash outflow – PV of cash inflow

The answer is: (C) PV of cash inflow – PV of cash outflow

(A) Fiscal Monitor Reports
(B) World Economic Outlook Reports
(C) Global Financial Stability Reports
(D) None of these

The answer is: (A) Fiscal Monitor Reports

(A) NPV
(B) opportunity cost
(C) risk premium
(D) rate of return

The answer is: (D) rate of return

(A) mean
(B) standard deviation
(C) variance
(D) kurtosis

The answer is: (B) standard deviation

(A) zero
(B) one
(C) positive
(D) negative

The answer is: (A) zero