Assistant Director Accounts / Accounts Officer (BS-17) 2023

1. _____ is a type of computer memory that can retain stored information even after power is removed.

• A Volatile memory
• B Non-Volatile memory Correct answer
• C Both A & B
• D None of these

2. The primary purpose of an operating system is:

• A To make the most efficient use of the computer hardware Correct answer
• B To allow people to use the computer
• C To keep systems programmers employed
• D To make computers easier to use

3. Electronic magnified information is called.

• A E-commerce
• B Digital business
• C Electronic business
• D None of these Correct answer

4. Income from property held under trust for charitable or religious purposes is:

• A Exempted from tax Correct answer
• B Taxable @ 10%
• C Taxable @ 20%
• D None of these

5. The _____ is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation

• A Prime interest rate
• B Real interest rate Correct answer
• C Variable interest rate
• D None of these

6. Verification of the value of assets, liabilities, the balance of reserves, provision and the amount of profit earned or loss suffered a firm is called:

• A Continuous audit
• B Interim audit
• C Balance sheet audit Correct answer
• D Partial audit

7. The first Network was called:

• A CNNET
• B ASAPNET
• C ARPANET Correct answer
• D NSFNET

8. Undistributed profits are also known as:

• A Corporate saving
• B Retained earning Correct answer
• C General reserve
• D All of these

9. The net present value is:

• A is calculated by discounting all cash flows to present value and subtracting outflows from inflows Correct answer
• B calculates the rate of return which leaves you indifferent between undertaking the project, and not undertaking the project
• C leads to the same decisions as the use of the payback period
• D None of these

10. The concept of reliability refers to:

• A Objectivity of instructions
• B Purpose of measurement
• C Consistency of scores Correct answer
• D Uniformity of scoring