ACCA Mock Test 13 - Online MCQ Exam

Pakistan is the __________ largest rice Producer country in the world?

1 Mark(s)

Your Answer:

Fifth Fifth
Sixth Sixth
Fourth Fourth
Eight Eight

The markets in which the derivatives are traded, are classified as ___________?

1 Mark(s)

Your Answer:

assets backed market assets backed market
cash flow backed markets cash flow backed markets
mortgage backed markets mortgage backed markets
derivative securities markets derivative securities markets

The types of spoilage include ___________?

1 Mark(s)

Your Answer:

normal spoilage normal spoilage
abnormal spoilage abnormal spoilage
weighted spoilage weighted spoilage
both a and b both a and b

If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be ___________?

1 Mark(s)

Your Answer:

$11,000 $11,000
−$7000 −$7000
$4,500 $4,500
$7,000 $7,000

A medical model of deviance assumes that it is caused by_________________?

1 Mark(s)

Your Answer:

illness illness
abnormality abnormality
mental defects mental defects
all of the above all of the above

The present death rate per thousand in Pakistan in ?

1 Mark(s)

Your Answer:

7.1 persons 7.1 persons
11 persons 11 persons
13 persons 13 persons
14 persons 14 persons

Bureaucracy and extensive social differentiation initially occur in the historical transition from_____________?

1 Mark(s)

Your Answer:

hunting and gathering to pastoral society
pastoral to horticultural society pastoral to horticultural society
horticultural to agricultural society horticultural to agricultural society
agricultural to industrial society agricultural to industrial society

If your company were to make light bulbs to be used in photocopiers you would most likely be selling to a _________ market?

1 Mark(s)

Your Answer:

reseller reseller
business business
government government
service service

The profit margin multiply assets turnover multiply equity multiplier is used to calculate __________?

1 Mark(s)

Your Answer:

return on turnover return on turnover
return on stock return on stock
return on assets return on assets
return on equity return on equity

If an increase in investment leads to a bigger increase in national income this called the ?

1 Mark(s)

Your Answer:

Accelerator Accelerator
Aggregate demand Aggregate demand
Monetarism Monetarism
Multiplier Multiplier

In the New York Stock exchange, the fully automated information and trading system which allows to execute orders for bonds is classified as _________?

1 Mark(s)

Your Answer:

secondary stock system secondary stock system
primary stock system primary stock system
automated stock system automated stock system
automated bond system automated bond system

The principal issuer of the commercial papers are commercial banks and the major investors of principal investors includes ____________?

1 Mark(s)

Your Answer:

brokers and dealers brokers and dealers
corporations corporations
other financial institutions other financial institutions
all of the above all of the above

Totalitarian regimes_____________?

1 Mark(s)

Your Answer:

control the individual socially and politically
control only political life control only political life
leave individuals human and civil rights intact
deal only with economic and foreign policy matters

The classical model of macroeconomics assumes ?

1 Mark(s)

Your Answer:

wages and prices are sticky wages and prices are sticky
wages and prices are flexible wages and prices are flexible
the economy may operate below full capacity
the economy is always at full capacity the economy is always at full capacity
A and C A and C
B and D B and D

Goodhart’s Law suggests that ?

1 Mark(s)

Your Answer:

bad money drives out good bad money drives out good
monetary policy can only be effective if it is a long-term policy
controlling one part of the money supply will merely result in that item becoming less important
the money supply must only expand at the rate of growth of real national income

Critiques of bureaucratic forms of business administration argue that_____________?

1 Mark(s)

Your Answer:

explicit standards of quality control must be imposed by management
employees are given too much discretion employees are given too much discretion
small organization inevitably become bureaucracies
vertical hierarchies of power are too sluggish

Which is the longest canal of Pakistan ?

1 Mark(s)

Your Answer:

Lloyd Canal Lloyd Canal
Fordwah Canal Fordwah Canal
Abbasie Canal Abbasie Canal
Nara Canal Nara Canal

A sale maximizing firm will produce where ?

1 Mark(s)

Your Answer:

AR minus AC is maximized AR minus AC is maximized
MC = MR MC = MR
quantity sold is maximized quantity sold is maximized
sales revenue is maximized sales revenue is maximized

The measured unemployment rate can be pushed below the natural rate, but ?

1 Mark(s)

Your Answer:

only in the short run, and not without inflation
only in the long run and not without inflation
only is the short run and only if the price level is constant
only in the long run and only if the price level is constant

An insensitivity of demand in relevance to change in price will be called ___________?

1 Mark(s)

Your Answer:

demand elasticity demand elasticity
price elasticity price elasticity
price inelasticity price inelasticity
demand inelasticity demand inelasticity

Term structure premium, an inflation of bond and bond default premium are included in_________________?

1 Mark(s)

Your Answer:

Risk factors Risk factors
Premium factors Premium factors
Bond buying factors Bond buying factors
Multi model Multi model

If stock market price is higher than strike price so call option____________?

1 Mark(s)

Your Answer:

Price will be lower Price will be lower
Rate will be higher Rate will be higher
Price will be higher Price will be higher
Rate will be lower Rate will be lower

he efficiency wage is the ?

1 Mark(s)

Your Answer:

wage costs per unit of output wage costs per unit of output
wage rate that prevails in LDCs wage rate that prevails in LDCs
Wage rate divided by the productivity of labor
marginal product of labor divided by wage

Which of the following characteristics are most likely found in developing countries ?

1 Mark(s)

Your Answer:

high population growth rates high population growth rates
large number of people living in poverty
very traditional methods of agricultural production
All of the above All of the above

The dominant group in a society is the one that is the_________________?

1 Mark(s)

Your Answer:

most powerful most powerful
subordinate subordinate
largest largest
oldest oldest

Which of the following item provides the important function of shielding part of income from taxes?

1 Mark(s)

Your Answer:

Inventory Inventory
Supplies Supplies
Machinery Machinery
Depreciation Depreciation

Which example of market expectations causes the dollar to depreciate against the yen – expectation that the U.S economy will have ?

1 Mark(s)

Your Answer:

faster growth than Japan faster growth than Japan
higher future interest rates than Japan higher future interest rates than Japan
more rapid money supply growth than Japan
lower inflation rates than Japan lower inflation rates than Japan

Labour Productivity measures ?

1 Mark(s)

Your Answer:

The output per worker The output per worker
The output per machine The output per machine
Total output Total output
Marginal output Marginal output

Which of the following is a social order crime?

1 Mark(s)

Your Answer:

Premeditated murder Premeditated murder
Rape Rape
Public drunkenness Public drunkenness
Burglary Burglary

The cost of obsolete inventory acquired several years ago, to be considered in a keep vs. disposal decision is an example of :

1 Mark(s)

Your Answer:

Uncontrollable cost Uncontrollable cost
Sunk cost Sunk cost
Avoidable cost Avoidable cost
Opportunity cost Opportunity cost

Depreciation is calculated on the____________?

1 Mark(s)

Your Answer:

Cost price of asset Cost price of asset
Market price Market price
Cost+ Transport+ Installation expenses Cost+ Transport+ Installation expenses
Cost or market values whichever is less Cost or market values whichever is less

Collection of account receivable will

1 Mark(s)

Your Answer:

Increase assets and decrease assets Increase assets and decrease assets
Increase assets and decrease liabilities
Increase assets and increase capital Increase assets and increase capital
Increase assets and increase cash Increase assets and increase cash

1 Million equals how many Lakhs?

1 Mark(s)

Your Answer:

5 Lakhs 5 Lakhs
8 Lakhs 8 Lakhs
10 Lakhs 10 Lakhs
12 Lakhs 12 Lakhs

Evaluating Your Answers

ACCA Mock Test 13 : Question 1 of 33