CPA Exam Mock Test 14 - Online MCQ Exam

The term “Afw” means _________________?

1 Mark(s)

Your Answer:

Forgive Forgive
Waive Waive
Both A and B Both A and B
None of these None of these

Which of the following is a capital expenditure?

1 Mark(s)

Your Answer:

Repair of plant and machinery Repair of plant and machinery
Salary paid to workers Salary paid to workers
Cost of stand by equipment Cost of stand by equipment
Annual whitewash of the office building Annual whitewash of the office building

The West Pakistan Civil Courts Ordinance, 1962 provided that in Punjab an appeal against decree and order of Civil Judge where the value of the suit exceeds twenty five hundred thousand shall lie to_____________?

1 Mark(s)

Your Answer:

Additional district Judge Additional district Judge
District Judge District Judge
High Court High Court
None of above None of above

Section 55 of Cr.P.C deals with arrest of_____________?

1 Mark(s)

Your Answer:

Detectives Detectives
Vagabonds and habitual robbers Vagabonds and habitual robbers
Habitual offenders Habitual offenders
None of above None of above

Article 63, of the Police Order, 2002 deals with appointment of_______________?

1 Mark(s)

Your Answer:

Members of District Public Safety Commission
Chairperson of Islamabad District Public Safety Commission
Both A and B Both A and B
None of the above None of the above

Payments received in advance from a customer for a contract can be__________?

1 Mark(s)

Your Answer:

Shown as a deduction from contract work-in-progress on asset side
Shown as a liability Shown as a liability
Credited to P&L A/c Credited to P&L A/c
Either A or B above Either A or B above

The strategy that interlinks technology and people, to enhance relationships in all the business functions is classified as ____________?

1 Mark(s)

Your Answer:

technology management technology management
people management people management
customer relationship management customer relationship management
resource management resource management

The master budget, which is based on the planned output level at the start of budget period is considered as ____________?

1 Mark(s)

Your Answer:

static budget static budget
varied budget varied budget
marketing budget marketing budget
methodological budget methodological budget

Permanent Court of International Justice was accepted under:

1 Mark(s)

Your Answer:

League of Nations League of Nations
UNO UNO
European Union European Union
None of these None of these

The recruitment in the rank of Assistant Superintendent of Police shall be through the______________?

1 Mark(s)

Your Answer:

Provincial Public Service Commission Provincial Public Service Commission
Federal Public Service Commission Federal Public Service Commission
Direct appointment through politicians Direct appointment through politicians
None of the above None of the above

A sale of Rs. 50.000 to A was entered as a sale to B. This is an example of____________?

1 Mark(s)

Your Answer:

Error of omission Error of omission
Error of commission Error of commission
Compensating error Compensating error
Error of principle Error of principle

Life that maximizes net present value of an asset is classified as__________?

1 Mark(s)

Your Answer:

Minimum life Minimum life
Present value life Present value life
Economic life Economic life
Transaction life Transaction life

When zina is committed by a person who is not Muhsin he shall be punished at public place with_________________?

1 Mark(s)

Your Answer:

Whipping numbering 70, stripes Whipping numbering 70, stripes
Whipping numbering 80, stripes Whipping numbering 80, stripes
Whipping numbering 100, stripes Whipping numbering 100, stripes
None of above None of above

Section 164, of Cr.P.C deals with recording of statement before____________?

1 Mark(s)

Your Answer:

Any Magistrate Any Magistrate
Magistrate U/S 30 Magistrate U/S 30
Magistrate of 1st and 2nd class Magistrate of 1st and 2nd class
None of above None of above

Required rate of return in calculating bond’s cash flow is also classified as_______?

1 Mark(s)

Your Answer:

Going rate of return Going rate of return
Yield Yield
Earning rate Earning rate
Both A and B Both A and B

Chapter ____________ of the Control of Narcotic Substances Act, 1997 deals with National Funds for control of drug abuse?

1 Mark(s)

Your Answer:

VI VI
VII VII
VIII VIII
None of above None of above

Goods Return by the customer are termed as :

1 Mark(s)

Your Answer:

Purchase return Purchase return
Customer return Customer return
Sales return Sales return
Inventory return Inventory return

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

1 Mark(s)

Your Answer:

budget production budget production
planned production planned production
setup production setup production
stand by production stand by production

O. VII of C.P.C contains __________________ Rules.

1 Mark(s)

Your Answer:

24, 24,
25, 25,
26, 26,
None of the these None of the these

In contract of guarantee the person at whose place guarantee given is called __________________?

1 Mark(s)

Your Answer:

Surety holder Surety holder
Principal debtor Principal debtor
Both (a) and (b) Both (a) and (b)
None of above None of above

Profit on sale of old plant is:___________?

1 Mark(s)

Your Answer:

In Trading A/c In Trading A/c
In Profit and Loss Appropriation A/c In Profit and Loss Appropriation A/c
Profit and Loss A/c Profit and Loss A/c
Being a non operating item ignored Being a non operating item ignored

Police Order, 2002 consist __________ Articles?

1 Mark(s)

Your Answer:

167 167
177 177
187 187
None of the above None of the above

Revocation of licenses is dealt by Order________ of the Executive Orders on Parole, 1934?

1 Mark(s)

Your Answer:

48 48
49 49
50 50
None of above None of above

The Bailment in which either the Bailor or the Bailee is entitled to some remuneration is called________?

1 Mark(s)

Your Answer:

Gratuitous Bailment Gratuitous Bailment
Bailment for reward Bailment for reward
Simple Bailment Simple Bailment
None of these None of these

In quantitative analysis of estimating cost function, the last and foremost step is to _____________?

1 Mark(s)

Your Answer:

evaluate variable driver evaluate variable driver
evaluate cost driver evaluate cost driver
evaluate price driver evaluate price driver
evaluate demand driver evaluate demand driver

Family Courts Act was assented to by the__________________?

1 Mark(s)

Your Answer:

Prime Minister of Pakistan Prime Minister of Pakistan
President of Pakistan President of Pakistan
Governor of the West Pakistan Governor of the West Pakistan
None of the above None of the above

In Regression Analysis, the testing of assumptions if these are true or not is classified as ___________?

1 Mark(s)

Your Answer:

weighted analysis weighted analysis
average analysis average analysis
significance analysis significance analysis
specification analysis specification analysis

Identification Parade is rule of_______________?

1 Mark(s)

Your Answer:

Law Law
Prudence Prudence
Fact Fact
None of these None of these

Pecuniary limits of jurisdiction of Civil Judge is provided in section__________, of The West Pakistan Civil Courts Ordinance, 1962?

1 Mark(s)

Your Answer:

8 8
10 10
12 12
None of above None of above

Process of costing is relevant to _______?

1 Mark(s)

Your Answer:

Job order cost-oriented projects Job order cost-oriented projects
Cement Industry Cement Industry
Both A and B Both A and B
None of these None of these

An error term, disturbance term or residual term is calculated as ___________?

1 Mark(s)

Your Answer:

U=A-b U=A-b
u=A-a u=A-a
u=Y-y u=Y-y
u=X-x u=X-x

The call premium is added to face value of the bond to calculate: _____________?

1 Mark(s)

Your Answer:

call price of bond call price of bond
premium price of bond premium price of bond
call price of stock call price of stock
discounted price of stock discounted price of stock

The right to retain the property by a Bailee until the charges due un respect of property are paid is called___________?

1 Mark(s)

Your Answer:

Right to compensation Right to compensation
Right of Lien Right of Lien
Right of Remuneration Right of Remuneration
None of these None of these

The relationship between change in activity and change in total costs is considered as __________?

1 Mark(s)

Your Answer:

fixed relationship fixed relationship
cause and effect relationship cause and effect relationship
ineffective relationship ineffective relationship
variable relationship variable relationship

In interest rate swap transaction, the party who pays the floating payments of interest is considered as __________?

1 Mark(s)

Your Answer:

notion buyer notion buyer
notion seller notion seller
swap buyer swap buyer
swap seller swap seller

In the budget hierarchy, the material handling cost is ___________?

1 Mark(s)

Your Answer:

fixed manufacturing cost fixed manufacturing cost
batch level cost batch level cost
per unit cost per unit cost
factory overall cost factory overall cost

A diplomatic representative is immune from local control:

1 Mark(s)

Your Answer:

Criminal cases Criminal cases
In cases involving personal property In cases involving personal property
In all cases In all cases
None of the above None of the above

According to the Constitution of 1956 __________ was the highest Court of country?

1 Mark(s)

Your Answer:

Supreme Court Supreme Court
Federal Court Federal Court
High Court High Court
Non of These Non of These

For a particular security transaction, the agreement is ‘repo’ with the point of view of ______________?

1 Mark(s)

Your Answer:

security seller security seller
security buyer security buyer
security function security function
security function security function

Order_____ to _____ of the Executive Order on Parole, 1934 deals with remissions?

1 Mark(s)

Your Answer:

37 to 39 37 to 39
37 to 40 37 to 40
37 to 41 37 to 41
None of above None of above

When the Government of Pakistan issued Press and Publication Ordinance (PPO)?

1 Mark(s)

Your Answer:

1962 1962
1963 1963
1964 1964
1965 1965

In manufacturing companies, the revenue and cost drivers are categorized under ____________?

1 Mark(s)

Your Answer:

variable costs variable costs
costs of goods sold costs of goods sold
number of units sold number of units sold
all of above all of above

In absorption costing, an effect on cost volume profit relationship is driven by __________?

1 Mark(s)

Your Answer:

unit level of production unit level of production
unit level of sales unit level of sales
chosen denominator level chosen denominator level
all of above all of above

Article 25(A) of constitution of 1973 deals with______________?

1 Mark(s)

Your Answer:

Equality of citizen Equality of citizen
Right to education Right to education
Right to information Right to information
None of these None of these

The current market price of common stock is $15 and the conversion rate received on conversion is $320 to calculate

1 Mark(s)

Your Answer:

3800 3800
2800 2800
4800 4800
5800 5800

Chapter__________, of the Contract Act, deals with consequences of breach of contracts ?

1 Mark(s)

Your Answer:

VI VI
VII VII
VIII VIII
None of above None of above

Normally __________ is called appellate Court?

1 Mark(s)

Your Answer:

Court of Civil Judge First Class Court of Civil Judge First Class
Court of District Judge Court of District Judge
High Court High Court
None of the these None of the these

The examination of a dead body taken out of the grave for the suspicion of death because poisoning or any other foul play is called_______________?

1 Mark(s)

Your Answer:

Exhumation Exhumation
Medical examination Medical examination
Post mortem Post mortem
All of above All of above

A source of inherent risk is ______?

1 Mark(s)

Your Answer:

Human error Human error
Internal control Internal control
Audit evidence Audit evidence
None of these None of these

Where the subject matter of the suit is movable property the decree shall contain the_______________?

1 Mark(s)

Your Answer:

Description of such property Description of such property
Value of the property Value of the property
Both (a) and (b) Both (a) and (b)
None of the these None of the these

The Court of Magistrate of 3rd class, can pass________________?

1 Mark(s)

Your Answer:

Imprisonment for one year Imprisonment for one year
Imprisonment for six months Imprisonment for six months
Imprisonment not exceeding one month Imprisonment not exceeding one month
None of above None of above

Whoever possess narcotic substance of the quantity of ten grams or less shall be punished with imprisonment of _____________?

1 Mark(s)

Your Answer:

Two years Two years
Three years Three years
Five years Five years
None of above None of above

The least important element in the evaluation of an audit firm's system of qualifying would relate to ______?

1 Mark(s)

Your Answer:

Consultation with experts Consultation with experts
System of determining audit fees System of determining audit fees
Confidentiality of client's information Confidentiality of client's information
None of these None of these

Evaluating Your Answers

CPA Exam Mock Test 14 : Question 1 of 53