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Annual Budget
Demand for a normal product may shift outwards if:
Price decreases
The price of a substitute falls
The price of a complement rises
Income falls
Author:
rikazzz
Comment
Annual Budget
In a recession, GDP:
Grows negatively
Grows slowly
Grows by 0%
Grows rapidly
Author:
rikazzz
Comment
Annual Budget
If the exchange rate is below the equilibrium level:
There is excess demand and the exchange rate will fall
There is excess supply and the exchange rate will fall
There is excess demand and the exchange rate will rise
There is excess supply and the exchange rate will rise
Author:
rikazzz
Comment
Annual Budget
The activity ratio of a concern is 95.6% whereas the capacity ratio is 105%. The efficiency ratio is:
91%.
100.3%.
98%.
None of these
Author:
rikazzz
Comment
Annual Budget
According to constitution of Pakistan a Money Bill originates in the:
National Assembly
Senate
President
Standing Committee
Author:
rikazzz
Comment
Annual Budget
Investment is an unstable element of aggregate demand because it depends heavily on:
Government policy
Expectations
National income
Historic trends
Author:
rikazzz
Comment
Annual Budget
If demand is price inelastic:
An increase in price must raise profits
An increase in price decreases revenue
An increase in price increases revenue
A decrease in price reduces sales
Author:
rikazzz
Comment
Annual Budget
As an economy grows:
The government’s budget position should automatically improve
The government’s budget position should automatically worsen
This will have no effect on the government’s budget position
This will reduce the government’s tax revenue
Author:
rikazzz
Comment
Annual Budget
Potential growth measures:
The growth of the fastest economy in the world
The fastest growth an economy has ever achieved
The present rate of growth of an economy
The rate of growth that could be achieved if resources were fully employed
Author:
rikazzz
Comment
Annual Budget
Capital outlay Rs. 12,000. Annual cash flow (net) Rs. 6,000. Life of the asset 3 years. Payback reciprocal is:
60 per cent
50 per cent
70 per cent
None of these
Author:
rikazzz
Comment
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