Accountant-(2020) Local Government and Community Development January 8, 2021 – by Javed 3 We have developed this website for all the ASPIRANTS who are seeking an online system for preparing the PPSC Exams. The online testing system is based on the past papers held by PPSC. You can access the online test Accountant-(2020) Local Government and Community Development after putting your name in the field below. NOTE: Math's Questions included please must hold a notebook with you for rough work. Questions related to Current Affairs are also included. Negative Marking: 0.25 marks will be deducted in case of each wrong answer. Put your whats app number so we can send you the link to the next online test on your whats app. You can leave it blank if you already submitted. Thank You Your Name: Whats App Number 1. ______ is outcome of Payment divided by the interest rate. Due perpetuity Deferred Perpetuity Present value of Perpetuity Future value of Perpetuity 2. ______ is a strategy that focuses on offering cheapest product in the market. Cost leadership Focus strategy Differentiation strategy None of these 3. Deferred tax payment would be shown as ____ while calculating net cash flows. Non-cash charges Non-cash revenues Income expense Current liabilities 4. ______ is variable that has infinite number of values. Continuous variable Discrete variable Classificatory variable None of these 5. Departmental level goals may be a good synonym of: Corporate level goals Business level goals Operational level goals Financial goals 6. A service firm may have additional segment of marketing mix: People Price Place Promotion 7. _____ are short term, always backed by a reason and either positive or negative. Emotions Moods Both emotions and moods None of these 8. Promotion of an employee to fill a vacant post is a good example of: External recruitment Online recruitment Internal recruitment All of these 9. Job enrichment is______. Vertical expansion in job Horizontal expansion in job Lateral expansion in job None of these 10. ______ is a digital asset designed to work as a medium of exchange. E-Commerce E-Currency Cryptocurrency None of these 11. _____ has a unique origin i.e. zero. Nominal scale Ordinal scale Interval scale Ratio scale 12. A strategy where firm tries to expand the market and move to a new market with existing product is called: Market development Diversification Product development Market penetration 13. ______ not a form of departmentalization Geographical based Functional based Product based Quality based 14. If human is an iceberg, the visible part of human would better be termed as: Attitude Behavior Attitude None of these 15. _____ represents the net worth of a business. Assets net liabilities Liabilities net of assets Liabilities net of earning Earnings per share 16. Gathering information from advertising campaigns and sales people could be better named as: Personal source of information gathering Experiential source of information gathering Commercial source of information gathering None of these 17. ______ dimension of transformational leadership deals with the focus on each member of the organization. Idealized influence Inspirational motivation Individualized consideration None of these 18. _____ focuses on the future needs of both organizational and employee needs. Training and development Performance management Career management None of these 19. The working capital reaches to zero when the current ratio is: 1 2 3 None of these 20. Accounting principle's are generally based on Practicability Subjectivity Convenience in recording None of these 21. Real accounts are related to Assets Expense and income Customer and creditor None of these 22. Quick Asset includes which of the following Cash Account receivable Both a & b Marketable securities 23. Depreciation expense is a cash inflow a cash outflow Added to the accumulated ignored when proper cash flow statement 24. Double entry book-keeping was fathered by F.W Taylor Henry Fayol Lucas Pacioli None of these 25. Partners in Pakistan can today be fixed at the following numbers 20 50 70 22 26. Cash budget exclude the following Non-Cash items Cash items Purchase on Credit items Credit sales 27. NGOs are legally required to Prepare accounts in a prescribed manner under the law Prepare accounts as desired by donors Submit Balance sheet only Submit income source only 28. Conversion cost is Material Cost + Overhead Cost Direct Labour + Material Cost Direct Labour - Material Cost Labour Cost + Overhead cost 29. Process coasting is relevant to Cement industry Job Order cost oriented projects Banking industry None of above 30. A partnership, in today's Pakistan under the current law can have the following number of partners 50 20 100 70 31. Combination can be best described as Restructuring of Capital of a Company Reduction of Capital of a Company Amalgamation of two different type of businesses Joint venture 32. Sources of funds can be increased by Describing selling prices Increasing expenditure By opting efficient process None of above 33. Books of original entry are called: Ledger Work Sheets Journal None of these 34. For preparing balance sheets prepaid expenses are shown as part of: Liability Equalities Assets None of these 35. Unpaid and unrecorded expenses are called Prepaid expense Accrued expense Additional expense None of these 36. Amount, cash, or other assets removed from business by owner is: Capital Drawing Assets None of these 37. Under the diminishing balance method depreciation amount is Payment Receipt Expenditure None of these 38. Returned on investment is computed Invest / profit * 100 (Profit / investment) * 100 (Profit - dividend) / investment * 100 None of these 39. Sugar used in a sugarcane company is Variable cost Semi Variable Cost Fixed Cost Step fixed Cost 40. An auditor is liable under the following circumstances Third Party Liabilities Fraud perpetrated in highly sophisticated circumstances Both of above None of these 41. Conversion Cost is calculated as under Labour Plus Materials Labour Plus Overheads Labour minus Overheads None of these 42. Double entry book-keeping was fathered by Luca Paioli Yoyjiljiri Micheal Hammer Ishikawa 43. Accumulated loss of a company is shown in the balance sheet as Liability Asset As foot note to balance sheet None of these 44. Under the companies ordinance 1984, disclosure of financial information is legally required for listed companies under Schedule 6 Schedule 5 Schedule 4 Schedule 8 45. Trading loss occurs when Revenues exceed the matching relevant cost Revenue and matching costs are equal to each other When relevant matching cost exceeds revenues None of these 46. Accounting requirements governing NGOs are Prescribed in Partnership Act 1932 Cooperative Societies legislation Companies Ordinance 1984 None of these 47. Work sheet is equivalent to Balance Sheet Income Statement Trail Balance None of these 48. The following represent tangible assets and are shown in the balance sheet as People Expenses Revenue Goodwill 49. Under the Rule of thumb a good current ratio is 6 : 1 10 : 1 .5 : 1 2 : 1 50. Pakistan follows the following budgeting system at federal level Zero-Based Budgeting Program Budgeting Incremental / decremental budgeting Responsibility Budgeting 51. PSX is a/an ____ company. Limited by shares Unlimited liabilities Single member Limited by guarantee 52. _____ is a better synonym for an average. Geometric mean Harmonic mean Arithmetic mean Weighted average mean 53. Setting goals and devising strategies to achieve them denotes which of the management function? Controlling Leading Organizing Planning 54. Marketing is an ____ . Outside in activity Inside out activity Both in and outside activity None of these 55. Class room lectures, seminars and workshops are example of: Non - Job training On the job training Off the job training None of these 56. Selling is different from marketing, as: Selling is outside in activity Selling is inside out activity Marketing is inside out activity All of these 57. Hazberg's Motivation two factor theory covers, factors named _______ and_______. Hygiene and motivator factors Hygiene and esteem factors Motivators and esteem factors None of these 58. The ownership of central bank of country may belong to: Government Private ownership Both A & B None of these 59. ______ related personality factor deals with one's ability to manage emotions: Emotional intelligence Consciousness Neuroticism Openness to experience 60. _____ is a form of partnership where a partner is liable for amount of capital invest in business. Special partnership General partnership Limited partnership None of these 61. Who is the harm from the depletion of Earth's Ozone Layer? The average operation of the Earth's surface will increase gradually The oxygen content of the atmosphere will decrease Increased amount of UV rays will reach Earth's surface Sea Levels will rise as the polar ice caps will gradually melt 62. The United State of America at Present is a federation consisting of: 45 states 50 states 52 states 55 states 63. The compound used in anti-Malaria drugs is: Chloroquine Aspirin Neoprene Isoprene 64. The current president of Cuba is? Fidel Castro Hugo Chavez Miguel Diaz Canel None of these 65. Tonsils in human are located in which part of the body? Stomach Nervous System Throat Brain 66. "Leukemia" is a disease of the: Lungs Blood Skin Nerves 67. The capital of Somalia is: Kampala Maputo Asmara Mogadishu 68. Who was appointed as the first president of All India Muslim League? Nawab Mohsin-ul-Mulk Nawab Viqar-ul-Mulk Nawab Saleemullah Sir Agha Khan 69. Who is polymath? Mathematician Astronomer Inventor of Tools Expert of many subjects 70. Which Surah of the Holly Quran is called Um-ul-Kitab? Surah Yaseen Surah Rahman Surah Baqar Surah Fateh 71. Hazrat Muhammad (SAW) gave the key of Baitullah permanently to: Hazrat Usman Bin Talha (RA) Hazrat Abdullah Bin Aamir (RA) Hazrat Hanzia Bin Abi Aamir (RA) Hazrat Khalid Bin waleed (RA) 72. Hazrat Muhammad (PBUH) went to Syria with Hazrat Abu Talib at the age of? 12 years 15 years 18 years None of these 73. What is the meaning of expression "En route"? On the way By the way Difficult route Familiar route 74. Antonym of "Static is: Monotonous Undeviating Mobile Constant 75. Complete the proverb: "There is no place like _____ " Home House Heaven Constant 76. Fill in the blanks: The Romans triumphed ______ the Greeks. On At Over Upon 77. Which city of Pakistan is called "City of Saints"? Lahore Multan Faisalabad Quetta 78. The first Pakistan national Marathon Race was organized at: Lahore Karachi Islamabad None of these 79. In MS Excel 2016, mainly ____types of 'page Orientation' are available. 2 3 4 None of these 80. An E-mail can not be sent without: Subject Attachment Receiver's Email address Message 81. In medical field computers are used in: Laboratories Patient Canning Monitoring and Pharmacy All of these 82. The process of transferring files from the Internet to your computer is called? Downloading Uploading Forwarding FTP 83. Complete the series 1, 6, 13, 22, 33, ____. 44 45 46 47 84. if x= 3, than value of x^3=? 6 9 27 81 85. Complete the series 1, 0, 3, 2, 5, 4, ____. 9 8 7 10 86. Ali is twice as old as his youngest brother if the difference between their ages is 15 years. how old is his youngest brother? 10 15 20 25 87. Microsoft Windows is the great invention of: Charles Ranlett Flint Paul Allen Bill Gates Both B & C 88. Who was the first woman travel into space? Sally Ride Valentine Tereshkova Svetiana Savistskaya Eileen Collins 89. "Genoa" is a seaport of: Switzerland Sweden France Italy 90. Silicon Valley is situated in: New York, USA California USA Boston USA Oxford, UK 91. Which of the following country is not part of South-Asia? Nepal Bhutan Sri Lanka Brunei Darussalam 92. ____ is the longest river of Baluchistan Province Nihing Kech Hingol Dasht 93. A famous city of Burma is: Agra Bangkok Dhaka Rangoon 94. Railway, vehicle and aero planes are called: Means of Communications Means of transport Means of trade Means of Industrial development 95. Civilian Martial Law with President Z.A Bhutto at the helm of affairs came to an end on: April 2, 1972 April 21, 1972 Aug 14, 1973 Aug 15, 1973 96. Hazrat Shah Wali Ullah, a great religious scholar, was born during the reign of which Mughal emperor? Akbar Shahjahan Aurangzeb None of these 97. ?آتش کدہ” کس مشہور شاعر کا مجموعہ کلام ہے “ علامہ اقبال مرزا غالب الطاف حسین حالی ڈاکٹر محمد دین تاثیر 98. ?اردو افسانہ” گڈریا “کس کی تخلیق ہے پریم چند غلام عباس اشفاق احمد احمد ندیم 99. لیت و لعل کرنا ‘‘ سے کیا مراد ہے؟ “ برا بھلا کہنا شیخی مارنا ٹال مٹول کرن ان میں سے کوئی نہیں 100. ?درج ذیل شعر کس کا ہے بسکہ دشوار ہے ہر کام کا آساں ہونا آدمی کو بھی میسر نہیں انساں ہونا علامہ محمد اقبال الطاف حسین حالی مرزا اسد اللہ غالب فیض احمد فیض Time is Up!