CPA Exam Mock Test 7 - Online MCQ Exam

The level of used input to achieve a determined level of output is termed as ____________?

1 Mark(s)

Your Answer:

efficiency efficiency
effectiveness effectiveness
growth evaluation growth evaluation
performance evaluation performance evaluation

The major participants in forward markets are __________?

1 Mark(s)

Your Answer:

commercial banks commercial banks
broker deals broker deals
investment banks investment banks
all of the above all of the above

When interest rate is lower than equilibrium rate of borrowing loanable funds, then the financial system has _________?

1 Mark(s)

Your Answer:

surplus of funds surplus of funds
deficit of funds deficit of funds
short-term funds short-term funds
long-term funds long-term funds

Bookkeeping mainly concerns with which part of accounting process?

1 Mark(s)

Your Answer:

Analyzing Analyzing
Preparing financial statements Preparing financial statements
Recording financial information Recording financial information
Auditing the books of accounts Auditing the books of accounts

The difference between static budget amount and the flexible budget amount is named as ___________?

1 Mark(s)

Your Answer:

sales mix variance sales mix variance
sales volume variance sales volume variance
flexible budget variance flexible budget variance
static budget variance static budget variance

The relevant provision of Court Fees Act, 1870 for refunding of fee on application for review of judgment is_________________?

1 Mark(s)

Your Answer:

Section 13-A Section 13-A
Section, 14 Section, 14
Section, 15 Section, 15
None of these None of these

The chart which represents how regularly the defect occurs in production process is classified as ___________?

1 Mark(s)

Your Answer:

relevant costing diagram relevant costing diagram
cause and effect diagram cause and effect diagram
control chart control chart
Pareto chart Pareto chart

Section 66, of the Control of Narcotics Substances Act, 1997 deals with_______________?

1 Mark(s)

Your Answer:

Extradition Extradition
Explanations Explanations
Exhibitions Exhibitions
All of above All of above

Postdated checks are considered as__________?

1 Mark(s)

Your Answer:

Cash Cash
Bank balance Bank balance
Accounts receivable Accounts receivable
Cash reserve Cash reserve

In the financial markets, the separate trading of registered interest and principal securities have abbreviation of ___________?

1 Mark(s)

Your Answer:

STORI STORI
STRIPS STRIPS
RIAPS RIAPS
STORIAP STORIAP

To determine the price of preferred stock ______?

1 Mark(s)

Your Answer:

Divide the dividend amount by the rate of return
Divide the dividend amount by the rate of return minus the growth rate
Divide the dividend amount by the growth rate
None of these None of these

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

The rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as _________?

1 Mark(s)

Your Answer:

nominal rate of return nominal rate of return
accrual accounting rate of return accrual accounting rate of return
real rate of return real rate of return
required rate of return required rate of return

In capital market line, risk of efficient portfolio is measured by its____________?

1 Mark(s)

Your Answer:

Standard deviation Standard deviation
Variance Variance
Aggregate risk Aggregate risk
Ineffective risk Ineffective risk

In alternative investments, the constant cash flow stream is equal to initial cash flow stream in the approach which is classified as __________?

1 Mark(s)

Your Answer:

greater annual annuity method greater annual annuity method
equivalent annual annuity equivalent annual annuity
lesser annual annuity method lesser annual annuity method
zero annual annuity method zero annual annuity method

In assumptions of specific analysis, the normality of residuals is satisfied with the use of __________?

1 Mark(s)

Your Answer:

real price data real price data
real cost data real cost data
multiplier data multiplier data
divisional data divisional data

If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be ____________?

1 Mark(s)

Your Answer:

1200 units 1200 units
990 units 990 units
1300 units 1300 units
1000 units 1000 units

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

Butobarbhital is the trival name of______________?

1 Mark(s)

Your Answer:

CATHINONE CATHINONE
BENZFETAMINE BENZFETAMINE
BROMAZEPAM BROMAZEPAM
BARBITAL BARBITAL

An example of learning and growth perspective in balanced scorecard is _________?

1 Mark(s)

Your Answer:

employee turnover rates employee turnover rates
operating capabilities and number of patents
operating income and revenue growth operating income and revenue growth
customer satisfaction and market share customer satisfaction and market share

The procedure of assigning the direct cost to any cost abject is classified as ____________?

1 Mark(s)

Your Answer:

sales allocation sales allocation
cost tracing cost tracing
cost allocation cost allocation
sales tracing sales tracing

Qualification of Deputy Chairman of NAB are provided in section 7_____ of the National Accountability Ordinance, 1999?

1 Mark(s)

Your Answer:

(a) (a)
(aa) (aa)
(b) (b)
All of above All of above

No Police Officer shall withdrawal from duties of his office unless expressly allowed to do so in writing by______________?

1 Mark(s)

Your Answer:

Head of District Police Head of District Police
Any other officer authorized to grant such permission
Both A and B Both A and B
None of the above None of the above

Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate ___________?

1 Mark(s)

Your Answer:

cost per good units transferred out cost per good units transferred out
cost per good units transferred in cost per good units transferred in
revenue per good units transferred out revenue per good units transferred out
revenue per good units transferred in revenue per good units transferred in

Section 337 Cr.P.C. deals with_______________?

1 Mark(s)

Your Answer:

An accomplice An accomplice
A convicted person A convicted person
A foreigner A foreigner
None of above None of above

The cost allocation base used by an operating manager is classified as ____________?

1 Mark(s)

Your Answer:

machine hours machine hours
flexible hours flexible hours
variable hours variable hours
fixed hours fixed hours

No party has any right to be heard personally or be pleader before any Court when exercising its power of______________?

1 Mark(s)

Your Answer:

Appeal Appeal
Revision Revision
Review Review
None of above None of above

Where a suit or proceeding is set down for a day which is holiday the parties thereto shall appear in the court on the day following that day as provided in__________________?

1 Mark(s)

Your Answer:

O. XVII, R. 2, of C.P.C O. XVII, R. 2, of C.P.C
O. XVII, R. 3, of C.P.C O. XVII, R. 3, of C.P.C
None of the above None of the above
None of the these None of the these

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

Where a child accused of a non-bailable offence arrested, he shall, without any delay and in no case later than ________ hours for such arrest, he produced before the Juvenile Court?

1 Mark(s)

Your Answer:

Sixteen Sixteen
Twenty Twenty
Twenty four Twenty four
None of above None of above

The Family Court is empowered by section______ of the Family Courts Act, 1964 to summons witnesses?

1 Mark(s)

Your Answer:

15 15
16 16
17 17
None of the above None of the above

As per section 22, of the Family Courts Act, A Family Court shall not have the power to issue an injunction to or stay any proceedings pending before_______________?

1 Mark(s)

Your Answer:

Chairman of Union Council Chairman of Union Council
Arbitration Council Arbitration Council
Both A and B Both A and B
None of the above None of the above

The Court Fees Act of 1970 was enforced on________________?

1 Mark(s)

Your Answer:

1st March 1970 1st March 1970
11th March, 1970 11th March, 1970
1st April, 1970 1st April, 1970
None of these None of these

Evaluating Your Answers

CPA Exam Mock Test 7 : Question 1 of 33