SENIOR AUDITOR PAPER 2021 (2ND BATCH) MCQs | FPSC Past Papers MCQs

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FPSC Past Papers MCQs – Federal Public Service Commission Past Paper MCQs – FPSC MCQs – Federal Public Service Commission MCQs –

The Federal Public Service Commission (FPSC) is a federal agency of Government of Pakistan that is responsible for recruiting civil servants and bureaucrats for Government of Pakistan.

The Public Service Commission was set up for the first time in British colonial rule in 1926. After independence, the commission was established in Pakistan in 1947 under the provision of Government of Pakistan Act.

At present, the commission is functioning under article 242 of the constitution of Islamic Republic of Pakistan. It has been provided autonomy under the Rules of Business, 1973 and FPSC Regulations, 1978 in its working. The commission has also been given administrative as well as, to some extent,

CSS (Central Superior Services of Pakistan) is a competitive examination through which FPSC recruits the bureaucrats. It is the biggest competitive examination of Pakistan for recruiting bureaucrats

The commission consists of a chairman and the members. The chairman is appointed by the President of Pakistan, in his discretion, under Article 242 (IA) of the Constitution of Pakistan (1973). The members are appointed by the president on the advice of the Prime Minister of Pakistan. The commission is assisted by the secretary, who provides a link among the commission, its secretariat and the government agencies.

Click Here To Download Huge Collection Of CSS Preparation Material

Click Here To How To Apply Online Step By Step

FAQ About FPSC and CSS Exam.

What is FPSC exam?

Federal Public Service Commission carries out FPSC test for the recruitment of bureaucrats for serving the nation. The commission or FPSC stand for providing people information and services with transparency concerning the provision of civil jobs and public job positions.

What is FPSC exam in Pakistan?

CSS is a competitive examination through which FPSC recruits the bureaucrats. It is the biggest competitive examination of Pakistan for recruiting bureaucrats.

CSS Exam – Medical Test | CSS Psychological Test | CSS Interview | CSS Viva Voce

Who can apply for FPSC?

For all FPSC Jobs Masters / Bachelors’ in the relevant discipline from HEC recognized university is required to apply. Relevant skills are compulsory for every vacant post. The age of the applicant should be between 20 to 35 years.

Can I apply for CSS after ADP?

Yes, students having Associate Degree (ADP) or any other two years bachelor degree are eligible for CSS.

For Official Site of FPSC Please Visit – https://www.fpsc.gov.pk/

FPSC ORGANOGRAM

SENIOR AUDITOR PAPER 2021 (2ND BATCH) MCQs

I am senior____. .

  1. to him
  2. than he
  3. than him
  4. None of these

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Vitamins ___ our body fit.

  1. Keep
  2. Will kept
  3. shall keeping
  4. None of these

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This policy has been quite.

  1. Succeeded
  2. Successfully
  3. Successful
  4. None of the above.

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I make him ______ a letter for me.

  1. to write
  2. wrote
  3. writing
  4. None of these.

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He ____ go .

  1. must
  2. ought to
  3. Both A&B
  4. None of these

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The teacher told me frankly that the son __________failed .

  1. will
  2. Would
  3. Should
  4. None of these

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He is taller than_____.

  1. I
  2. me
  3. is
  4. None

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This book ____ to him by me.

  1. Given
  2. will given
  3. was given
  4. None of the above.

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You need not_____ me this question .

  1. to ask
  2. that ask
  3. the ask
  4. none

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Only son of the farmer is _______ .

  1. Dead
  2. died
  3. Deadly
  4. None of these

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I as well as he __________ in the meeting

  1. Is
  2. Am
  3. Are
  4. None of these

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He and ______ are playing.

  1. I
  2. Am
  3. is
  4. are

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He runs ______.

  1. Fastly
  2. Fast
  3. A&B both
  4. None of these

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Servant is making tea .

  1. Verb of Movement
  2. Verb of Action
  3. Verb of Existence
  4. None of these

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Retained earning is a synonym of

  1. Cumulative net earning
  2. Non Cumulative net earning
  3. Both
  4. None

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Which thing increase assets and decrease liabilities

  1. Payment of bank loan
  2. credits
  3. All
  4. None

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During rising price which inventory method provide lowest profit

  1. FIFO
  2. LIFO
  3. Both
  4. None

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What means identify recording and communicating information

  1. Accounting
  2. Expenses
  3. revenue
  4. All

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How many types of competitive bidding request are

  1. 3
  2. 4
  3. 5
  4. 6

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A bid should be published in how many ways?

  1. Electronic media
  2. News paper
  3. Both
  4. None

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How many security must be submitted for bid?

  1. 6 %
  2. 3 %
  3. 5 %
  4. none

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What is the minimum response time for a bid after advertisement

  1. 15 days
  2. 12 days
  3. 10 days
  4. None

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Bid must be submitted in

  1. Packages
  2. Installments
  3. Both
  4. None

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Bid must be open

  1. Publicly
  2. Privately
  3. All
  4. None

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First step in accounting is to

  1. identify
  2. Record transaction
  3. Post in ledgers
  4. All

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In financial accounting main purpose is to provide information to

  1. Investors and creditors
  2. Debtors
  3. Capital
  4. None

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cost apportionment is used for which purpose

  1. Distribution of various overhead items
  2. Distribution of various goods
  3. collection of various overhead items
  4. All

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Purpose of depreciation is :

  1. Helps to tie the cost of an asset with the benefits of its use over time
  2. Helps to tie the cost of an asset
  3. Helps to tie the sale of an asset with the benefits of its use over time
  4. None

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A company is not allowed to raise funds by issue of shares beyond the maximum amount is :

  1. Issued capital
  2. Reserved capital
  3. Nominal capital
  4. None

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Which of following defines right shares are the shares ?

  1. Issued by a newly formed company
  2. Legally issued to a public at large
  3. Offered to the existing equity shareholders
  4. None

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The purpose to maintain purchase book is to record

  1. All credit purchases
  2. All cash purchases
  3. Purchase of goods
  4. None

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Which of following instrument is not a negotiable instruments?

  1. Bearer cheque
  2. Crossed cheque
  3. Promissory note
  4. none

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If the date of maturity of a bill is a holiday then bill will mature on :

  1. Holiday itself
  2. Other agreed day
  3. Preceding working day
  4. None

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The meaning of reserve capital is :

  1. Part of subscribed uncalled capital
  2. Accumulated profit
  3. Part of capital reserve
  4. None

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The balance in petty cash is :

  1. Liability
  2. Income
  3. Asset
  4. None

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On the preparation of trial balance which error can not be revealed ?

  1. Wrong totaling of account
  2. Compensatory errors
  3. Error of commission
  4. None

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Which cover the capital expenditure, budgeted statement of cash flows and balance sheet that part of the master budget are classified as :

  1. Financial budget
  2. Capital budget
  3. Cash flows budget
  4. None

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In developing operating budget the third step is :

  1. Analysis of batches
  2. Analysis of products
  3. Making predictions about future
  4. None

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What will be the manufacturing budget if the indirect manufacturing labor 20000, power cost is 5000, maintenance and supplies are of 10000?

  1. 55000
  2. 35000
  3. 15000
  4. None

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In developing operating budget the last step is ?

  1. Implementing income
  2. Efficient Implementation
  3. Implementing the decision
  4. None

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“An accountant should not anticipate profit , but must provide all losses” this concept is :

  1. Conservation concept
  2. Consistency concept
  3. Materiality concept
  4. None

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The cost drivers for manufacturing overhead costs in mater budget are :

  1. Direct manufacturing labor hours
  2. Setup labor hours
  3. Both
  4. None

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The difference between the budgeted amounts and the actual results is classified as:

  1. Standard deviation
  2. Variances
  3. Mean average
  4. None

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Having separate legal entity whose total capital can be divided into many shares are called :

  1. Partnership
  2. Sole proprietor ship
  3. Company
  4. None

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The gross inflow of economic benefits are called :

  1. Assets
  2. Liabilities
  3. Income
  4. None

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Equity can be well defined by :

  1. Cash from the business
  2. Liability of a business
  3. Owner’s claim on total assets
  4. None

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If ___ increases will increase the capital .

  1. Expenses are greater than income
  2. Drawings
  3. Revenue
  4. None

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____ should be debited when goods returned by customers.

  1. Sale income account
  2. Sales account
  3. Returned inward account
  4. None

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Which of the following term is used for the large number of manager subordinates and the higher level manager?

  1. Activity subordinate
  2. Broader responsibility center
  3. Broader sub ordinate
  4. None

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A manager who is responsible for only the cost of company belongs to

  1. Cost center
  2. Revenue center
  3. Profit center
  4. None

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The effect of every adjusting entry is on :

  1. Income statement account only
  2. Balance sheet account only
  3. Both
  4. None

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What accounting term is given to the outstanding one month’s rent if a business pays for only 11 month rent during a financial year

  1. Repayment
  2. Payable
  3. Both
  4. None

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The requirements of an audit report for a banking company in Pakistan is :

  1. Under banking company ordinance 1962
  2. Under companies ordinance 1984
  3. Both
  4. None

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The purpose of adjusting entries ?

  1. Assign revenue to the period in which they are earned
  2. Help to properly measure the period’s net profit / loss
  3. Bring assets and liability account to correct balances
  4. All

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From following which one is an example of unearned income ?

  1. Cash paid to supplier
  2. Advance received from bank
  3. Advance received from customer for a purchase order place by him
  4. None

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The portion of the cost expires during a year is :

  1. Cost
  2. Expense
  3. Expenditure
  4. None

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The depreciation according to fixed installment method, the calculation on

  1. Balance account
  2. Original costs
  3. Scrap value
  4. None

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Definition of Salvage value is :

  1. Definition sale price of an asset
  2. Cash to be received when life of asset end
  3. Estimated disposal value
  4. None

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Under declining balance method depreciation is calculated on ?

  1. Original value
  2. book value
  3. Scrape value
  4. None

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Becoming out of date or absolute in accounting is known as?

  1. Amortization
  2. Obsolescence
  3. Depletion
  4. None

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In which the contract holder has the right to cell an asset at specific period for predetermining price that contract is classified as :

  1. Written value
  2. Featured contract
  3. Determined contract
  4. None

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The most high option price in financial planning , will lead to :

  1. Longer option period
  2. Smaller option period
  3. Lesser price
  4. None

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Amount of depreciation of an asset in total can not exceed its :

  1. Depreciation value
  2. Scrap value
  3. Market value
  4. None

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The depreciation, according to straight line method of providing depreciation :

  1. Remains constant
  2. Increase each year
  3. Decrease each year
  4. None

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Deferred Taxation is :

  1. Fixed assets
  2. Fixed liabilities
  3. Part of owners equity
  4. None

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The object of making a provision for depreciation in the accounts is :

  1. To charge the costs of fixed assets against the profits
  2. To show the current market value of fixed assets
  3. To make cash available to replace fixed assets
  4. None

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Purpose of depreciation is ?

  1. To show the previous profit
  2. To calculate net profit
  3. To reduce tax
  4. None

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From the following which is not an adjusting entry ?

  1. Debit unearned revenue ,credit revenue
  2. Debit Insurance expense, credit prepaid insurance
  3. Debit cash, credit unearned revenue
  4. None

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