- Who is known as the “Father of the Nation” in the United States?
A) George Washington
B) Abraham Lincoln
C) Thomas Jefferson
D) Benjamin FranklinAnswer: A) George Washington - Which planet is known as the “Red Planet”?
A) Venus
B) Mars
C) Jupiter
D) SaturnAnswer: B) Mars - In which year did Pakistan gain independence?
A) 1945
B) 1947
C) 1950
D) 1952Answer: B) 1947 - Who was the first Governor-General of Pakistan?
A) Liaquat Ali Khan
B) Muhammad Ali Jinnah
C) Ayub Khan
D) Zulfikar Ali BhuttoAnswer: B) Muhammad Ali Jinnah - Who is the current President of the United States (as of August 2024)?
A) Donald Trump
B) Joe Biden
C) Barack Obama
D) Kamala HarrisAnswer: B) Joe Biden - Which of the following is the largest ocean on Earth?
A) Atlantic Ocean
B) Indian Ocean
C) Arctic Ocean
D) Pacific OceanAnswer: D) Pacific Ocean - What is the capital city of Pakistan?
A) Karachi
B) Lahore
C) Islamabad
D) RawalpindiAnswer: C) Islamabad - Who is the author of the book “The Great Gatsby”?
A) F. Scott Fitzgerald
B) Ernest Hemingway
C) J.D. Salinger
D) Mark TwainAnswer: A) F. Scott Fitzgerald - What is the main language spoken in Pakistan?
A) Punjabi
B) Sindhi
C) Urdu
D) PashtoAnswer: C) Urdu - What is the boiling point of water at sea level in Celsius?
A) 90°C
B) 95°C
C) 100°C
D) 105°CAnswer: C) 100°C - Which company is known for creating the Windows operating system?
A) Apple
B) Google
C) Microsoft
D) IBMAnswer: C) Microsoft - What is the term for the study of living organisms and their interactions with the environment?
A) Physics
B) Chemistry
C) Biology
D) AstronomyAnswer: C) Biology - What is the value of the expression 8 + 2 × 5?
A) 18
B) 20
C) 30
D) 22Answer: A) 18 - Which element has the chemical symbol ‘O’?
A) Gold
B) Oxygen
C) Osmium
D) OganessonAnswer: B) Oxygen - In Urdu literature, who wrote the famous poetry collection “Ghazals”?
A) Allama Iqbal
B) Faiz Ahmed Faiz
C) Mirza Ghalib
D) Ahmed Nadeem QasmiAnswer: C) Mirza Ghalib - What is the primary function of the CPU in a computer?
A) Store data
B) Execute instructions
C) Manage files
D) Display graphicsAnswer: B) Execute instructions - Which of the following is a prime number?
A) 15
B) 21
C) 29
D) 35Answer: C) 29 - What is the chemical formula for table salt?
A) NaCl
B) H2O
C) CO2
D) CH4Answer: A) NaCl - Which of the following rivers is the longest?
A) Nile
B) Amazon
C) Yangtze
D) MississippiAnswer: A) Nile - What does the abbreviation ‘URL’ stand for in computing?
A) Uniform Resource Locator
B) Uniform Resource Link
C) Universal Resource Locator
D) Uniform Resource ListingAnswer: A) Uniform Resource Locator - What is the chemical symbol for gold?
A) Au
B) Ag
C) Pb
D) FeAnswer: A) Au - Which element is found in all organic compounds?
A) Carbon
B) Hydrogen
C) Nitrogen
D) OxygenAnswer: A) Carbon - What is the pH of pure water at 25°C?
A) 7
B) 5
C) 6
D) 8Answer: A) 7 - What is the common name for sodium chloride?
A) Table salt
B) Baking soda
C) Epsom salt
D) LimeAnswer: A) Table salt - Which gas is produced when an acid reacts with a metal?
A) Oxygen
B) Hydrogen
C) Nitrogen
D) Carbon dioxideAnswer: B) Hydrogen - What is the main component of natural gas?
A) Ethanol
B) Methane
C) Propane
D) ButaneAnswer: B) Methane - What is the formula for sulfuric acid?
A) HCl
B) H2SO4
C) HNO3
D) H2CO3Answer: B) H2SO4 - Which of the following is a noble gas?
A) Helium
B) Neon
C) Argon
D) All of the aboveAnswer: D) All of the above - What type of bond is formed when two atoms share electrons?
A) Ionic
B) Covalent
C) Metallic
D) HydrogenAnswer: B) Covalent - Which law states that the volume of a gas is directly proportional to its temperature at constant pressure?
A) Boyle’s Law
B) Charles’s Law
C) Avogadro’s Law
D) Dalton’s LawAnswer: B) Charles’s Law - Who is known as the father of public administration?
A) Woodrow Wilson
B) Max Weber
C) Dwight Waldo
D) Frank GoodnowAnswer: A) Woodrow Wilson - What is the primary function of a public administration?
A) Legislation
B) Law enforcement
C) Policy implementation
D) Judicial reviewAnswer: C) Policy implementation - Which concept refers to the division of labor within an organization?
A) Bureaucracy
B) Hierarchy
C) Specialization
D) CoordinationAnswer: C) Specialization - What is the main focus of New Public Management (NPM)?
A) Centralized control
B) Efficiency and effectiveness
C) Traditional bureaucracy
D) Political patronageAnswer: B) Efficiency and effectiveness - Which principle emphasizes that no one should be supervised by more than one person?
A) Unity of Command
B) Span of Control
C) Authority
D) AccountabilityAnswer: A) Unity of Command - Who introduced the concept of “scientific management”?
A) Henri Fayol
B) Frederick Taylor
C) Max Weber
D) Elton MayoAnswer: B) Frederick Taylor - What is the term for the process of assigning responsibility and authority within an organization?
A) Delegation
B) Coordination
C) Supervision
D) MotivationAnswer: A) Delegation - Which type of organization is characterized by a strict hierarchical structure?
A) Matrix Organization
B) Flat Organization
C) Line Organization
D) Network OrganizationAnswer: C) Line Organization - In public administration, what is meant by “accountability”?
A) Answerability for actions
B) Control over resources
C) Delegation of tasks
D) Setting organizational goalsAnswer: A) Answerability for actions - Which theory emphasizes the importance of the informal organization in the workplace?
A) Theory X
B) Theory Y
C) Human Relations Theory
D) Classical Management TheoryAnswer: C) Human Relations Theory - What does GDP stand for in economics?
A) Gross Domestic Product
B) General Domestic Product
C) Gross Development Product
D) General Development ProductAnswer: A) Gross Domestic Product - Which type of economy is characterized by private ownership and minimal government intervention?
A) Command Economy
B) Market Economy
C) Mixed Economy
D) Traditional EconomyAnswer: B) Market Economy - What is the term for the total value of goods and services produced within a country in a year?
A) Net National Product
B) Gross Domestic Product
C) National Income
D) Net Domestic ProductAnswer: B) Gross Domestic Product - Which economic concept refers to the additional satisfaction or benefit gained from consuming one more unit of a good or service?
A) Total Utility
B) Marginal Utility
C) Opportunity Cost
D) Economic ProfitAnswer: B) Marginal Utility - What does inflation measure?
A) The decrease in the overall price level
B) The increase in the overall price level
C) The level of unemployment
D) The rate of economic growthAnswer: B) The increase in the overall price level - Which term describes the cost of forgoing the next best alternative when making a decision?
A) Explicit Cost
B) Implicit Cost
C) Opportunity Cost
D) Sunk CostAnswer: C) Opportunity Cost - In economics, what does the term “elasticity” refer to?
A) The responsiveness of quantity demanded or supplied to changes in price
B) The fixed cost of production
C) The total revenue earned
D) The level of government interventionAnswer: A) The responsiveness of quantity demanded or supplied to changes in price - Which curve represents the relationship between the price level and the quantity of output produced?
A) Demand Curve
B) Supply Curve
C) Aggregate Supply Curve
D) Marginal Cost CurveAnswer: C) Aggregate Supply Curve - What is a “recession” in economic terms?
A) A period of increasing economic activity
B) A period of declining economic activity
C) A period of stable economic conditions
D) A period of rapid inflationAnswer: B) A period of declining economic activity - What is the purpose of monetary policy?
A) To regulate government spending
B) To control the money supply and interest rates
C) To impose taxes
D) To set trade tariffsAnswer: B) To control the money supply and interest rates - What does M.Com stand for?
A) Master of Commerce
B) Master of Communication
C) Master of Computer Science
D) Master of Community ServiceAnswer: A) Master of Commerce - Which of the following is a primary objective of financial management?
A) Maximizing shareholder wealth
B) Minimizing tax liabilities
C) Increasing employee benefits
D) Expanding market shareAnswer: A) Maximizing shareholder wealth - What is the primary focus of managerial accounting?
A) External financial reporting
B) Internal decision-making processes
C) Regulatory compliance
D) TaxationAnswer: B) Internal decision-making processes - Which financial statement provides information about a company’s financial position at a specific point in time?
A) Income Statement
B) Statement of Cash Flows
C) Balance Sheet
D) Statement of Retained EarningsAnswer: C) Balance Sheet - What is the term for the amount of profit remaining after all expenses, including taxes, have been deducted?
A) Gross Profit
B) Operating Profit
C) Net Profit
D) Earnings Before Interest and Taxes (EBIT)Answer: C) Net Profit - Which financial ratio measures a company’s ability to meet short-term obligations with its most liquid assets?
A) Current Ratio
B) Quick Ratio
C) Debt to Equity Ratio
D) Return on Assets (ROA)Answer: B) Quick Ratio - In project management, what does “scope” refer to?
A) The budget of the project
B) The timeline for project completion
C) The specific objectives and deliverables of the project
D) The resources required for the projectAnswer: C) The specific objectives and deliverables of the project - Which method of costing assigns fixed and variable costs to products based on their actual usage?
A) Absorption Costing
B) Marginal Costing
C) Activity-Based Costing
D) Standard CostingAnswer: C) Activity-Based Costing - What is the purpose of financial forecasting in business?
A) To estimate future financial performance and needs
B) To calculate historical financial performance
C) To ensure compliance with regulations
D) To set pricing strategiesAnswer: A) To estimate future financial performance and needs - Which of the following is NOT a typical function of human resource management?
A) Recruitment and Selection
B) Financial Planning
C) Training and Development
D) Performance ManagementAnswer: B) Financial Planning - What is the term for the total value of all sales made by a company during a specific period?
A) Gross Sales
B) Net Sales
C) Operating Income
D) RevenueAnswer: D) Revenue - In auditing, what is the purpose of an “internal control” system?
A) To ensure compliance with laws and regulations
B) To prevent and detect fraud and errors
C) To manage external audits
D) To assess market opportunitiesAnswer: B) To prevent and detect fraud and errors - Which approach to budgeting involves evaluating the cost of each program or department and then adjusting accordingly?
A) Incremental Budgeting
B) Zero-Based Budgeting
C) Flexible Budgeting
D) Line-Item BudgetingAnswer: B) Zero-Based Budgeting - What is the primary goal of strategic management?
A) To implement operational plans
B) To analyze past performance
C) To develop and execute long-term plans
D) To manage daily operationsAnswer: C) To develop and execute long-term plans - Which term refers to the cost associated with the next best alternative foregone when making a decision?
A) Opportunity Cost
B) Fixed Cost
C) Variable Cost
D) Sunk CostAnswer: A) Opportunity Cost - In economics, what does “marginal cost” refer to?
A) The total cost of production
B) The cost of producing one additional unit of output
C) The fixed cost of production
D) The average cost of productionAnswer: B) The cost of producing one additional unit of output - What is the purpose of a cash flow statement?
A) To show the financial position of a company
B) To provide details of cash inflows and outflows
C) To report on profits and losses
D) To evaluate investmentsAnswer: B) To provide details of cash inflows and outflows - Which concept involves comparing the actual financial performance of a company against its budgeted or forecasted performance?
A) Budget Variance Analysis
B) Cost-Benefit Analysis
C) Financial Ratio Analysis
D) Trend AnalysisAnswer: A) Budget Variance Analysis - What does the term “liquidity” refer to in financial management?
A) The ability to generate revenue
B) The ability to meet short-term obligations
C) The ability to manage long-term debt
D) The ability to increase market shareAnswer: B) The ability to meet short-term obligations - Which accounting principle states that expenses should be matched with the revenues they help to generate?
A) Revenue Recognition Principle
B) Matching Principle
C) Cost Principle
D) Consistency PrincipleAnswer: B) Matching Principle - What is the term for the amount of interest earned on an investment that is reinvested to earn additional interest?
A) Simple Interest
B) Compound Interest
C) Fixed Interest
D) Variable InterestAnswer: B) Compound Interest - Which method is used to value inventory based on the cost of the most recent purchases?
A) FIFO (First-In, First-Out)
B) LIFO (Last-In, First-Out)
C) Weighted Average Cost
D) Specific IdentificationAnswer: B) LIFO (Last-In, First-Out) - What is the primary objective of cost accounting?
A) To report financial results to stakeholders
B) To track and control costs of production
C) To comply with tax regulations
D) To manage external auditsAnswer: B) To track and control costs of production - Which type of analysis involves assessing the relationships between various financial variables?
A) Horizontal Analysis
B) Vertical Analysis
C) Ratio Analysis
D) Comparative AnalysisAnswer: C) Ratio Analysis - What is the term for a financial document that shows the amount of money a company owes and is owed?
A) Income Statement
B) Balance Sheet
C) Cash Flow Statement
D) Statement of Changes in EquityAnswer: B) Balance Sheet - Which type of market structure is characterized by a single seller dominating the market?
A) Perfect Competition
B) Monopolistic Competition
C) Oligopoly
D) MonopolyAnswer: D) Monopoly - What is the main focus of human resource management?
A) Financial planning and analysis
B) Managing employee relations and performance
C) Strategic planning
D) Market researchAnswer: B) Managing employee relations and performance - Which financial metric measures the return on investment relative to its cost?
A) Return on Equity (ROE)
B) Return on Investment (ROI)
C) Earnings Before Interest and Taxes (EBIT)
D) Gross Profit MarginAnswer: B) Return on Investment (ROI) - What does the term “depreciation” refer to in accounting?
A) The increase in the value of an asset
B) The reduction in the value of an asset over time
C) The cost of acquiring a new asset
D) The total value of a company’s assetsAnswer: B) The reduction in the value of an asset over time - Which term describes the process of evaluating the profitability of a potential investment or project?
A) Financial Forecasting
B) Investment Appraisal
C) Risk Management
D) Strategic PlanningAnswer: B) Investment Appraisal - Who is known as the “Father of the Nation” in the United States?
A) George Washington
B) Abraham Lincoln
C) Thomas Jefferson
D) Benjamin FranklinAnswer: A) George Washington - Which planet is known as the “Red Planet”?
A) Venus
B) Mars
C) Jupiter
D) SaturnAnswer: B) Mars - In which year did Pakistan gain independence?
A) 1945
B) 1947
C) 1950
D) 1952Answer: B) 1947 - Who was the first Governor-General of Pakistan?
A) Liaquat Ali Khan
B) Muhammad Ali Jinnah
C) Ayub Khan
D) Zulfikar Ali BhuttoAnswer: B) Muhammad Ali Jinnah - Who is the current President of the United States (as of August 2024)?
A) Donald Trump
B) Joe Biden
C) Barack Obama
D) Kamala HarrisAnswer: B) Joe Biden - Which of the following is the largest ocean on Earth?
A) Atlantic Ocean
B) Indian Ocean
C) Arctic Ocean
D) Pacific OceanAnswer: D) Pacific Ocean - What is the capital city of Pakistan?
A) Karachi
B) Lahore
C) Islamabad
D) RawalpindiAnswer: C) Islamabad - Who is the author of the book “The Great Gatsby”?
A) F. Scott Fitzgerald
B) Ernest Hemingway
C) J.D. Salinger
D) Mark TwainAnswer: A) F. Scott Fitzgerald - What is the main language spoken in Pakistan?
A) Punjabi
B) Sindhi
C) Urdu
D) PashtoAnswer: C) Urdu - What is the boiling point of water at sea level in Celsius?
A) 90°C
B) 95°C
C) 100°C
D) 105°CAnswer: C) 100°C - Which company is known for creating the Windows operating system?
A) Apple
B) Google
C) Microsoft
D) IBMAnswer: C) Microsoft - What is the term for the study of living organisms and their interactions with the environment?
A) Physics
B) Chemistry
C) Biology
D) AstronomyAnswer: C) Biology - What is the value of the expression 8 + 2 × 5?
A) 18
B) 20
C) 30
D) 22Answer: A) 18 - Which element has the chemical symbol ‘O’?
A) Gold
B) Oxygen
C) Osmium
D) OganessonAnswer: B) Oxygen - In Urdu literature, who wrote the famous poetry collection “Ghazals”?
A) Allama Iqbal
B) Faiz Ahmed Faiz
C) Mirza Ghalib
D) Ahmed Nadeem QasmiAnswer: C) Mirza Ghalib - What is the primary function of the CPU in a computer?
A) Store data
B) Execute instructions
C) Manage files
D) Display graphicsAnswer: B) Execute instructions - Which of the following is a prime number?
A) 15
B) 21
C) 29
D) 35Answer: C) 29 - What is the chemical formula for table salt?
A) NaCl
B) H2O
C) CO2
D) CH4Answer: A) NaCl - Which of the following rivers is the longest?
A) Nile
B) Amazon
C) Yangtze
D) MississippiAnswer: A) Nile - What does the abbreviation ‘URL’ stand for in computing?
A) Uniform Resource Locator
B) Uniform Resource Link
C) Universal Resource Locator
D) Uniform Resource Listing
Answer (A) Uniform Resource Locator