CPA Exam Mock Test 4 - Online MCQ Exam

Whoever causes jurh in which the injury extends to the body cavity of the trunk, is said to cause______________?

1 Mark(s)

Your Answer:

Jaifah Jaifah
Ghayr Jaifah Ghayr Jaifah
Jurah Jurah
None of these None of these

The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?

1 Mark(s)

Your Answer:

actual cost budget actual cost budget
flexible budget variance flexible budget variance
inflexible budget inflexible budget
hourly budget hourly budget

Article _______, of the Police Order, deals with functions of Federal Police Complaint Authority?

1 Mark(s)

Your Answer:

97 97
100 100
103 103
None of the above None of the above

A person employed to do any act for another or to represent another in dealings with third person is called_______________?

1 Mark(s)

Your Answer:

Servant Servant
Labour Labour
Agent Agent
None of above None of above

The financial intermediaries that make loans available and accept long term and short term debts for funding are considered as __________?

1 Mark(s)

Your Answer:

activity institutions activity institutions
investment companies investment companies
mortgage companies mortgage companies
finance companies finance companies

In plotting the cost functions, the number of machine hours and batches are represented on ___________?

1 Mark(s)

Your Answer:

unit axis unit axis
term axis term axis
x-axis x-axis
y-axis y-axis

Bonds issued by government and backed by Pak government are classified as_________?

1 Mark(s)

Your Answer:

Issued security Issued security
Treasury bonds Treasury bonds
U.S bonds U.S bonds
Return security Return security

Whoever being bound to suply information in accordance with sub-section A of section 20, shall be punished with rigorous imprisonment which may extend to___________________?

1 Mark(s)

Your Answer:

Three years Three years
Five years Five years
Seven years Seven years
None of above None of above

For which step of accounting process the accountants of business entity prepare financial statements?

1 Mark(s)

Your Answer:

Identification of economic event Identification of economic event
Communication of financial information Communication of financial information
Recording financial information Recording financial information
Making decisions about business Making decisions about business

The type of bidding in which the bids are met before the allocation of competitive bidders is considered as ___________?

1 Mark(s)

Your Answer:

firstly basis firstly basis
preferential basis preferential basis
federal basis federal basis
last basis last basis

Section 46 of the Control of Narcotics Substances Act, 1997 deals with______________?

1 Mark(s)

Your Answer:

Jurisdiction of Special Court Jurisdiction of Special Court
Establishment of Special Courts Establishment of Special Courts
Both (a) and (b) Both (a) and (b)
None of above None of above

An uncovered cost at start of year is divided by full cash flow during recovery year then added in prior years to full recovery for calculating__________?

1 Mark(s)

Your Answer:

Original period Original period
Investment period Investment period
Payback period Payback period
Forecasted period Forecasted period

The stock markets in which the already issued stocks are resold and re-bought are classified as ___________?

1 Mark(s)

Your Answer:

red herring stock market red herring stock market
preemptive stock market preemptive stock market
silence stock market silence stock market
secondary stock markets secondary stock markets

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

If the dividend is Rs. 4, the market price is Rs. 100, and the growth rate is 5%, what is the required rate of return?

1 Mark(s)

Your Answer:

9% 9%
7% 7%
8% 8%
None of these None of these

No appeal shalllie from a decree passed by the Court _________________?

1 Mark(s)

Your Answer:

On merits On merits
On facts On facts
With consent of parties With consent of parties
None of the these None of the these

Order, XLVI, of C.P.C. deals with___________________?

1 Mark(s)

Your Answer:

Reference to High Court Reference to High Court
Reference to Federal Court Reference to Federal Court
Reference to Supreme Court Reference to Supreme Court
None of the these None of the these

Definition of qatl-i-amd is given in ___________________?

1 Mark(s)

Your Answer:

Section 300, P.P.C. Section 300, P.P.C.
Section 301, P.P.C. Section 301, P.P.C.
Section 302, P.P.C. Section 302, P.P.C.
None of these None of these

The schedule of expected disbursements and cash receipts is considered as __________?

1 Mark(s)

Your Answer:

planned schedule planned schedule
cash budget cash budget
market budget market budget
price schedule price schedule

The Civil Courts heaving_________ Jurisdiction regarding value to suit against the State and its servants in their official capacity?

1 Mark(s)

Your Answer:

Limited Limited
Unlimited Unlimited
Depends upon circumstances Depends upon circumstances
None of above None of above

All __________ are_________ not confessions?

1 Mark(s)

Your Answer:

Confession are admission Confession are admission
Admission are confessions Admission are confessions
None of above None of above
None of these None of these

When price of bond is calculated below its par value, it is classified as___________?

1 Mark(s)

Your Answer:

classified bond classified bond
Discount bond Discount bond
Compound bond Compound bond
Consideration earning Consideration earning

Section 176, Cr.P.C empowers Magistrate to make inquiry with respect of______________?

1 Mark(s)

Your Answer:

Cause of death Cause of death
Theft Theft
Zina Zina
None of above None of above

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

If the equilibrium interest rate increases with respect to increase in interest rate, then the movement along the supply of funds curve show a/an __________?

1 Mark(s)

Your Answer:

shift left shift left
shift right shift right
upside movement upside movement
downside movement downside movement

Section __________ deals with recording of evidence in absence of accused?

1 Mark(s)

Your Answer:

510 Cr.P.C 510 Cr.P.C
512 Cr.P.C 512 Cr.P.C
514 Cr.P.C 514 Cr.P.C
None of above None of above

The third step in developing operating budget is to __________?

1 Mark(s)

Your Answer:

choose the budgeting period choose the budgeting period
select allocation bases select allocation bases
identify variable overhead cost identify variable overhead cost
compute the per unit rate compute the per unit rate

Membership in the United Nations is open to all which accept the obligations contained in the United Nation Charter and, in the judgment of the Organization, are able and willing to carry out these obligations.

1 Mark(s)

Your Answer:

Asian states Asian states
European states European states
other peace-loving states other peace-loving states
states states

Which of the following statement is CORRECT regarding compound interest?

1 Mark(s)

Your Answer:

It is the most basic form of calculating interest.
It earns profit not only on principal but also on interest.
It is calculated by multiplying principal by rate multiplied by time.
It does not take into account the accumulated interest for calculation.

The theoretical capacity of the company considers ideal goal of ___________?

1 Mark(s)

Your Answer:

normal utilization normal utilization
standard utilization standard utilization
capacity utilization capacity utilization
actual utilization actual utilization

As per section 29, of the National Accountability Ordinance, 1999 an accused shall be a competent witness for the defence and may give evidence___________ in disproof of the charges made against him?

1 Mark(s)

Your Answer:

On oath On oath
Without oath Without oath
Both A and B Both A and B
None of above None of above

The difference between master budget capacity and practical capacity is considered as ________?

1 Mark(s)

Your Answer:

normal used capacity normal used capacity
unplanned and unused capacity unplanned and unused capacity
planned unused capacity planned unused capacity
unplanned used capacity unplanned used capacity

Article 24, of the Police Order, 2002 deals with _________________?

1 Mark(s)

Your Answer:

Oath of Police Oath of Police
Affirmation of police Affirmation of police
Both A and B Both A and B
None of the above None of the above

The total remission awarded to a parolee before and during parole release should not exceed, without the special sanction of the Provincial Government__________ part of his sentence?

1 Mark(s)

Your Answer:

One-half One-half
One-third One-third
One-Fourth One-Fourth
One-fifth One-fifth

Accounts payable, accruals and notes payable are listed on balance sheet as________?

1 Mark(s)

Your Answer:

Accrued liabilities Accrued liabilities
Current liabilities Current liabilities
Accumulated liabilities Accumulated liabilities
Non-current liabilities Non-current liabilities

Order 7 of the Executive Orders on Parole, 1934 provided ________ ways for release of prisoners?

1 Mark(s)

Your Answer:

Two Two
Three Three
Four Four
None of above None of above

Warrant issued by Court under Section 75, Cr.P.C must be ________________?

1 Mark(s)

Your Answer:

In writing In writing
Oral Oral
None of the above None of the above
None of above None of above

As per section 185, Cr.P.C whenever a question arises as to which of two or more Courts subordinate to the same High Court ought to inquire into or try any offence it shall be decided by the______________?

1 Mark(s)

Your Answer:

Provincial Government Provincial Government
District Government District Government
High Court High Court
None of above None of above

Under Criminal Procedure Code, 1898 from an order of acquittal time limitation of appeal is`________________?

1 Mark(s)

Your Answer:

Ninety days, from the date of order Ninety days, from the date of order
Six months, from the date of order Six months, from the date of order
Nine months, from the date of order Nine months, from the date of order
None of above None of above

Order, III, of C.P.C deals with ___________________?

1 Mark(s)

Your Answer:

Appearance of plaintiffs Appearance of plaintiffs
Appearance of attorney Appearance of attorney
Appearance of recognized agents and pleaders
None of the these None of the these

$5000 deposited in bank account was entered twice in the cash book. Identify the correct adjustment in cash book.

1 Mark(s)

Your Answer:

$5000 will be credited $5000 will be credited
$5000 will be debited $5000 will be debited
$10,000 will be credited $10,000 will be credited
$10,000 will be debited $10,000 will be debited

If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?

1 Mark(s)

Your Answer:

$3,000 $3,000
$300 $300
$4,700 $4,700
$4,500 $4,500

Suits involving any substantial question as to the interpretation of Constitutional law are dealt by_____________?

1 Mark(s)

Your Answer:

O.XXVII O.XXVII
O.XXVII-A O.XXVII-A
O.XXVIII O.XXVIII
None of the these None of the these

The costing system, which omits some of the journal entries in accounting system is known as ____________?

1 Mark(s)

Your Answer:

in-time costing in-time costing
trigger costing trigger costing
back flush costing back flush costing
lead time costing lead time costing

The orders that are transacted at best available price are classified as _________?

1 Mark(s)

Your Answer:

post order post order
transacted order transacted order
market order market order
available order available order

Mental defectiveness which is as a result of retarded or in complete development before the age of 18 years is called ?

1 Mark(s)

Your Answer:

Amentia Amentia
Dementia Dementia
Both (a) and (b) Both (a) and (b)
None of above None of above

The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as __________?

1 Mark(s)

Your Answer:

demand or supply decisions demand or supply decisions
make or buy decisions make or buy decisions
relevant or irrelevant decision relevant or irrelevant decision
idle or busy decisions idle or busy decisions

Section, 10, 11, 12 of the Offence of Zina Ordinance, are omitted by________________?

1 Mark(s)

Your Answer:

Pakistan Penal Code Pakistan Penal Code
Criminal Procedure Code Criminal Procedure Code
Women Protection Act, 2006 Women Protection Act, 2006
None of above None of above

Every summon issued by a Court under Cr.P.C shall be in writing in duplicate and must be signed and sealed by the?

1 Mark(s)

Your Answer:

Investigating Officer Investigating Officer
Reader of the Court Reader of the Court
Presiding officer of the Court Presiding officer of the Court
None of above None of above

Which section of Muslim Family laws Ordinance, deals with succession from the followings?

1 Mark(s)

Your Answer:

Section 4 Section 4
Section 5 Section 5
Section 6 Section 6
None of the above None of the above

The concept, which states that resources are used to meet particular goals is ____________?

1 Mark(s)

Your Answer:

cost incurrence cost incurrence
valued incurrence valued incurrence
locked incurrence locked incurrence
non valued incurrence non valued incurrence

A makes a contract with B to buy B’s horse if A survives C. This contract cannot be enforceed by law ?

1 Mark(s)

Your Answer:

Unless and until C dies in A’s life time
Unless and until A dies in C’s life time
Both A and C dies Both A and C dies
None of above None of above

Number of years forecasted to recover an original investment is classified as________?

1 Mark(s)

Your Answer:

Payback period Payback period
Forecasted period Forecasted period
Original period Original period
Investment period Investment period

As per Police Order, 2002 “person” means_________________?

1 Mark(s)

Your Answer:

A community A community
A company A company
A corporation A corporation
All of above All of above

The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?

1 Mark(s)

Your Answer:

fixed overhead efficiency variance fixed overhead efficiency variance
variable overhead efficiency variance variable overhead efficiency variance
variable overhead manufacturing variance
fixed overhead manufacturing variance fixed overhead manufacturing variance

Or. XI, of C.P.C. deals with___________________?

1 Mark(s)

Your Answer:

Discovery and inspection Discovery and inspection
Ex. Parte Ex. Parte
Sight inspection Sight inspection
None of the these None of the these

The variable cost is subtracted from fixed costs to calculate ____________?

1 Mark(s)

Your Answer:

unit income unit income
fixed income fixed income
operating income operating income
marginal income marginal income

In capital budgeting, number of non-normal cash flows have internal rate of returns are____________?

1 Mark(s)

Your Answer:

One One
Multiple Multiple
Accepted Accepted
Non-accepted Non-accepted

The demages which do not form part of the law of contract are known as___________?

1 Mark(s)

Your Answer:

Special damages Special damages
Vindictive damages Vindictive damages
special damages special damages
None of these None of these

O. XL, Rule 3 of C.P.C deals with appointment of______________ as receiver?

1 Mark(s)

Your Answer:

Any person Any person
Judge Judge
Collector Collector
None of the these None of the these

The colour of blood stain within 24 hours is____________?

1 Mark(s)

Your Answer:

Bright red Bright red
Brownish red Brownish red
Generally black Generally black
Chocolate Chocolate

Evaluating Your Answers

CPA Exam Mock Test 4 : Question 1 of 61