Assistant Director Revenue (BS-17) 2023

1. An exceptional demand curve is one that slopes:

• A Upward to the left
• B Downward to the right
• C Upward to the right Correct answer
• D Horizontally

2. In which year Pakistan became 'Republic':

• A 1947
• B 1956 Correct answer
• C 1962
• D 1973

3. Authorized share capital is also known as:

• A Registered capital Correct answer
• B Issued capital
• C Paid up capital
• D None of these

4. Net loss occurs when:

• A Expenses are greater than income Correct answer
• B Expenses are less than income
• C Liabilities are greater than income
• D None of these

5. The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as:

• A Current assets Correct answer
• B Fixed assets
• C Intangible assets
• D Investments

6. Liquid Ratio is equal to liquid assets divided by

• A Current Liabilities Correct answer
• B Total Liabilities
• C Contingent Liabilities
• D None of these

7. Synonym of Hallowed:

• A Decayed
• B Sacred Correct answer
• C Historical
• D Ancient

8. The basic factors of production are land, labour, capital and:

• A Enterprise Correct answer
• B Investment
• C Machinery
• D Resources

9. Where COP26 will take place between 9 and 20 November 2020:

• A Stockholm
• B Rome
• C Glasgow Correct answer
• D None of these

10. US entered into World War II due to:

• A Annexation of Poland by Germany
• B Aerial bombing on Poland
• C Japanese attack on Pearl Harbour Correct answer
• D Non-payment of dues by Germans