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

11. The difference between assets and liabilities is called as:

• A Drawings
• B Capital Correct answer
• C Income
• D Expenses

12. Financial planning for Long term and seasonal expense is:

• A Best
• B Worst
• C Aggressive
• D Conservative Correct answer

13. A smart tag will be removed from a cell when:

• A The cell is hidden
• B The cell is moved
• C The formatting of the cell is changed
• D The data in the cell is changed or deleted Correct answer

14. Which of the following you can paste selectively using Paste Special Command:

• A Validation
• B Formats
• C Formulas
• D All of these Correct answer

15. Leadership motivates the people to work and not the power of money", this concept is related to

• A Autocratic model
• B Custodial model
• C Supportive model Correct answer
• D Collegial model

16. A speech made without preparation is:

• A Extempore Correct answer
• B Speech
• C Debate
• D Prepared

17. Antonym of Wean is:

• A Attach Correct answer
• B Detach
• C Discourage
• D Halt

18. A current account surplus implies that:

• A The country is a net lender to the rest of the world Correct answer
• B The country is running a net capital account surplus
• C Foreign investment in domestic securities is at very low levels
• D None of these

19. Which of the following is not an element of credit policy?

• A Collection policy
• B Credit terms
• C Sales price Correct answer
• D Cash discount price

20. _____ is a type of preferred stock that provides a greater guarantee of dividend payments to its holders

• A Cumulative preferred stock Correct answer
• B Non-cumulative preferred stock
• C Common stock
• D None of these

21. What is the shortcut-key for manual line break in MS Word:

• A Ctrl+Enter
• B Shift+Enter Correct answer
• C Alt+Enter
• D None of these

22. Cash budget include:

• A Dividend payable
• B Postal expenditure
• C Issue of capital
• D All of these Correct answer

23. The parties to joint venture are called:

• A Principal and agent
• B Friends
• C Co-ventures Correct answer
• D Partners

24. A Joint Stock Company is managed by

• A Owner
• B Shareholders
• C Secretary
• D Board of Directors Correct answer

25. Which of the following is a revenue reserve?

• A Security premium account
• B Capital reserve Correct answer
• C Capital redemption reserve
• D None of these