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Entry Test MCQs Quiz Test For Upcoming Jobs Test
Q.1: Fundamentally, the auditor report gives an opinion on whether the financial statements?
- are in accordance with the national standards
- are in accordance with the international standards
- have errors, mistakes, or fraud
- present fairly the position and results of an entity
D
Q.2: The _____ certify or guarantee that the financial statements are correct?
- management
- board of governors
- auditor
- auditor does not
D
Q.3: IFAC is an abbreviation for?
- International Federation of Accountants
- International Federation of Auditors
- International Framework for Accounting Concepts
- International Framework for Auditing Concepts
A
Q.4: IAASB is an abbreviation for?
- International Accounting and Auditing Standards Board
- International Accountants and Auditors Standards Board
- International Auditing and Assurance Standards Board
- International Accounting and Assurance Standards Board
C
Q.5: What type of standard is applied in the audit of historical financial information?
- IFAs
- ISAs
- ISAEs
- ISRSs
B
Q.6: What type of standard is applied in the review of historical financial information?
- IFAs
- ISAs
- ISAEs
- ISREs
D
Q.7: What type of standard is applied in assurance engagements other than audits or reviews of historical financial information?
- IFAs
- ISAs
- ISAEs
- ISREs
C
Q.8: What type of standard is applied on compilation engagements, engagements to apply agreed upon procedures to information and other related services engagements?
- ISRSs
- ISREs
- ISAEs
- ISQCs
A
Q.9: ISQCs is an abbreviation for?
- International Standards on Quantity Control
- International Standards on Quality Control
- International Society for Quantity Control
- International Society for Quality Control
B
Q.10: When the account balance of “cash at bank” is verified, which from the following audit procedure(s) has/have to be performed.
I. Confirmation from the relevant banks
II. Bank reconciliations?
I. Confirmation from the relevant banks
II. Bank reconciliations?
- I only
- II only
- I or II
- I and II
a
Q.11: The outcome of an audit is a/an?
- certificate
- report
- income and expenses
- profit or loss
B
Q.12: Final audit is performed?
- after the year ends
- near the year ends
- after 9 months of the year
- only if interim audit has problems
A
Q.13: The decoration of the new office block, including the furniture and curtains, --------?
- is more pleasing
- are more pleasing
- is most pleasing
- have most pleasing
C
Q.14: Select the lettered pair that best expresses a relationship similar to that expressed in the original pair in capitals. CELL: MEMBRANE:: ?
- door: jamb
- yard: sidewalk
- seed: hull
- head: halo
C
Q.15: Choose the lettered word or phrase that is most nearly opposite in meaning to the word in capital letters. MORAL: ?
- ethical
- honest
- vicious
- upright
C
Q.16: The word “transformation” is closest in meaning to:?
- trend
- event
- change
- custom
C
Q.17: Who set before the Indian Muslims a national goal which later came to
be known as Pakistan?
- Haji Shariatullah
- Rehmat Ali
- Allama Iqbal
- Quaid-e-Azam
C
Q.18: The Third Martial Law regime of General Muhammad Zia-ul-Haq ------- the constitution of 1973 initially?
- Suspended
- Abrogated
- Amended
- Cancelled
A
Q.19: At the time of creation of the Pakistan, Central Secretariat was
established at:?
- Karachi
- Peshawar
- Lahore
- Rawalpindi
A
Q.20: What is the total area of Pakistan?
- 798,094 sq km
- 798,092 sq km
- 797,096 sq km
- 796,096 sq km
D
Q.21: What is the literal meaning of the word Hadith?
- History of Islam during Pious Caliphate
- Life history of the Holy prophet (SAW) before migration to Madinah
- Sayings of the Holy Prophet (SAW)
- History of lslam during Period of Holy Prophet(SAW)
C
Q.22: Who delivered the speech in the court of King of Abyssinia?
- Usman Bin Affan
- Jaffer Bin Abi Talib
- Umer Bin Khatab
- Abdullah Bin Masud
B
Q.23: Qiyas is a source of law, made up of: ?
- without any reason
- without any logic
- without law
- reason and logic
D
Q.24: The Zakat was made compulsory in: ?
- 5 AH
- 2 AH
- 3 AH
- 4 AH
B
Q.25: Which one of the following is the rainiest place of Pakistan?
- Sialkot
- Murree
- Rawalpindi
- Quetta
B
Q.26: Which tanks are being produced in Pakistan?
- Baktar
- Humza
- Qadeer
- Al-Khalid
D
Q.27: Which one of the following is the National Game of Pakistan?
- Polo
- Football
- Hockey
- Cricket
C
Q.28: The scope of interim audit falls within the purview of: ?
- Final audit
- Cost audit
- Partial audit
- Continuous audit
A
Q.29: Which of the following concepts best explains the following statement. “Financial information should be neutral and bias free” ?
- Faithful representation Concept
- Completeness concept
- Objectivity Concept
- Duality Concept
C
Q.30: Pakistan First Women Bank Was In ?
- 1991
- 1989
- 1988
- 1987
B