SINDH PUBLIC SERVICE COMMISSION

PRE INTERVIEW WRITTEN TEST FOR THE POST OF LECTURER COMMERCE

13TH MARCH 2013

1. WHICH STATEMENT IS CORRECT ABOUT STRATEGIC MANAGEMENT PROCESS ? (PROCESS BY WHICH MANAGER
MAKE A CHOICE OF SET A STRATEGY )
A. IT OCCURS ONCE A YEAR C. IT APPLIED MOSTLY TO LARGE BUSINESS
B. IT’S A CONTINUOUS PROCESS D. IT APPLIED MOSTLY TO SMALL BUSINESS

2. IN COMPUTING THE COST OF PURCHASE OF RAW MATERIAL CONSUMED AND COST OF CONVERSION. THE VALUE
OF BY -PRODUCT IS :
A. DEDUCTED C. BOTH A & B
B. ADDED D. DIVIDEND

3. FISCAL POLICY MEAN THE:

a. CREDIT POLICY C. POLICY OF EXPENDITURE AND PUBLIC DEBT
b. TAXATION POLICY D. PLANNING POLICY

4. MANAGEMENT FUNCTIONS DO NOT INCLUDE: (4FUNCTIONS PLANNING ORGANIZING LEADING AND

CONTROLLING )
a. DEVELOPING STRATEGY C. FORMULATING OBJECTIVES
b. DEVELOPING TECHNOLOGY D. BEING A COMPANY SPOKESMAN

5. MARKET FOR ANY PARTICULAR PRODUCT DEMAND THAT MARKET DIVIDED IN SUB -MARKET IS CALLED ?
a. LOCAL MARKETING C. INDIVIDUAL MARKETING
b. NICNE MARKETING

6. CAPITAL EXPENDITURE IS THE EXPENDITURE WHICH IS :

A. PAID IN LUMP -SUM C. INTENDED TO BENEFIT THE FUTURE PERIOD
B. LARGE IN AMOUNT D. INTENDED TO BENEFIT THE CURRENT PERIOD

7. WHICH OF THE FOLLOWING IS NOT TRUE ABOUT OPINION ON FINANCIAL STATEMENT ?

a. HE IS RESPONSIBLE FOR DETECTION AND PREVENTION OF FRAUD AND ERRORS IN FINANCIAL STATEMENTS
b. THE AUDITOR SHOULD EXPRESS AND OPINION ON FINANCIAL STATEMENT
c. HIS OPINION IS NO GUARANTEE TO FUTURE VIABILITY OF BUSINESS
d. HE SHOULD EXAMINE WHETHER RECOGNIZED ACCOUNTING PRINCIPLE HAVE BEEN CONSISTENTLY

8. WHICH OF THE FOLLOWING ARE THE FIVE FORCES THAT AFFECT THE LEVEL OF COMPETITION IN AN INDUSTRY ?
A. THREAT OF ENTRANTS ; POWER OF BUYERS; POWER OF SUPPLIER ; THREAT OF SUBSTITUTES; COMPETITIVE
RIVALRY .
B. THREAT OF BUYER; POWER OF ENTRY ; POWER OF SUBSTITUTES; THREAT OF SUPPLIERS ; THREAT OF
RECESSION.
C. THREAT OF RECESSION ; POWER OF BUYERS; POWER OF SUPPLIERS ; THREAT OF MANAGEMENT FAILURE ;
COMPETITIVE RIVALRY
D. THREAT OF ENTRY ; POWER OF BUYERS; POWER OF SUPPLIERS ; THREAT OF SUBSTITUTES; GOVERNMENT
ACTION

9. WHICH OF THE FOLLOWING IS THE MOST ACCURATE GENERALIZATION REGARDING AN INVENTORY CONTROL
SYSTEM :
A. CARRY COSTS ARE NOT CONSIDERATION IN EOQ DETERMINATION
B. COMPUTER TECHNOLOGY HAS LITTLE APPLICATION IN INVENTORY CONTROL
C. FILLING ALL ORDERS PROMPTLY MAY REQUIRE AN EXCESSIVELY COSTLY INVENTORY
D. THE LOWER THE INVENTORY, THE BETTER THE JOB BEING DONE BY THE MARKETING EXECUTIVE

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10. RADIOACTIVE DISINTEGRATION OF URANIUM ULTIMATELY RESULTS IN FORMATION OF:
A. RADIUM C. LEAD
B. THORIUM D. POLONIUM
11. IF THE RESEARCHER IS CONCERNED WITH FINDING OUT WHO , WHAT, WERE, WHEN OR HOW MUSH , THEN THE
STUDY IS:
A. EXPLORATORY (RELATING OR INVOLVING EXPLORATION OR INVESTIGATION.)
B. DESCRIPTIVE C. EMPIRICAL D. CAUSAL

12. MERCURY THERMOMETER WAS INVENTED BY :

A. NEWTON C. PRIESTLY
B. GALILEO D. FAHRENHEIT

13. WHAT TYPE OF INFORMATION IS REQUIRED OR NEEDED SPECIALLY THE MANAGER INFORMS ABOUT COST, TYPE OF
COST IS CALLED?
A. COST ACCOUNTING INFORMATION C. PRODUCT COST
B. ELEMENT COST D. NONE OF THESE

14. THE COST WHICH IS NOT RELATED TO THE MANUFACTURING OF THE PRODUCT IS CALLED :
A. PRIME COST C. PRODUCT COST
B. CONVERSION COST D. PERIOD COST

15. THE GAS USED TO EXTINGUISH FIRE IS:

A. NEON C. CARBON DIOXIDE
B. NITROGEN D. OXYGEN

16. WHILE CALCULATING THE FINISHED GOODS ENDING INVENTORY, WHAT WOULD BE THE FORMULATOR CALCULATE
PER UNIT COST
A. COST OF GOODS SOLD / NUMBER OF UNITS SOLD
B. COST OF GOODS TO BE MANUFACTURED / NUMBER OF UNITS MANUFACTURED
C. COST OF GOODS MANUFACTURED / NUMBER OF UNITS MANUFACTURED
D. TOTAL MANUFACTURING COST / NUMBER OF UNITS MANUFACTURED

17. THE MAIN PURPOSE OF COST ACCOUNTING IS TO :

A. MINIMIZE PROFIT C. PROVIDE INFORMATION TO MANAGEMENT FOR DECISION
B. HELP IN INVENTORY VALUATION D. AID IN THE FIXATION OF SELLING PRICE

18. ALL THE ACTIVITIES BEFORE TRANSPORTATION PROCESS, ULTIMATE PROCESS THAT IS CALLED :
A. SUPPLY CHAIN C. COMPANY OFFERING
B. MARKETING CHANNELS D. ALL OF THESE

19. WHICH OF THE FOLLOWING ACTIVITIES IS UNNECESSARY , WHEN AN ORGANIZATION DECIDES TO DESIGN ITS NEW
PRODUCT OR SERVICE OR REFINE ITS EXISTING PRODUCT OR SERVICE :
A. TRANSLATE CUSTOMER WANTS AND NEEDS INTO PRODUCT AND SERVICE REQUIREMENTS
B. REFINE EXISTING PRODUCTS AND SERVICES
C. DEVELOP NEW PRODUCTS AND SERVICES
D. MANAGE THE PURCHASING ACTIVITIES RELIGIOUSLY AND DILIGENTLY .

20. THE HINDUS AND MUSLIMS STARTED NON-COOPERATION MOVEMENT FOR :

A. EXPULSION OF BRITISH FROM I NDIA C. FOR THE UPLIFT OF EDUCATION
B. INDIAN INDEPENDENCE AND RESTORATION OF CALIPHATE D. BOTH A AND B OPTION

21. THE CONCEPT OF SURPLUS VALUE IS BASED ON:

a. NON-RENT LAND C. INCREASING MARGINAL RETURNS
b. SUBSISTENCE THEORY OF WANTS D. EXTERNALITY

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22. HOW ARE EARNINGS PER SHARE CALCULATED?
a. USE THE INCOME STATEMENT TO DETERMINE EARNINGS AFTER TAXES (NET INCOME ) AND DIVIDE BY THE
PREVIOUS PERIOD ’S EARNINGS AFTER TAXES. THEN SUBTRACT 1 FROM THE PREVIOUSLY CALCULATED VALUE
b. USE THE INCOME STATEMENT TO DETERMINE EARNINGS AFTER TAXES (NET INCOME ) AND DIVIDE BY THE
NUMBER OF COMMON SHARES OUTSTANDING .
c. USE THE INCOME STATEMENT TO DETERMINE EARNINGS AFTER TAXES (NET INCOME ) AND DIVIDE BY THE
NUMBER OF COMMON AND PREFERRED SHARES OUTSTANDING .
d. USE THE INCOME STATEMENT TO DETERMINE EARNINGS AFTER TAXES (NET INCOME ) AND DIVIDE BY THE
FORECASTED PERIOD ’S EARNINGS AFTER TAXES. THEN SUBTRACT 1 FROM THE PREVIOUS CALCULATED VALUE .

23. DURING A PERIOD OF STEADILY RISING COSTS , THE INVENTORY VALUATION METHOD THAT YIELDS THE LOWEST
REPORTED NET INCOME IS:
a. AVERAGE COST METHOD C. FIFO METHOD
b. WEIGHTED AVERAGE METHOD D. LIFO METHOD

24. PRICING STRATEGY WHERE PRICES START LOW TO DRIVE HIGHER SALES VOLUME FROM PRICE-SENSITIVE
CUSTOMERS AND PRODUCE PRODUCTIVITY GAINS CALLED :
a. MARKET PENETRATION INDEX C. MARKET PENETRATION PRICING
b. MARKET SKIMMING PRICING D. MDSS

25. WHICH ONE OF THE FOLLOWING COST WOULD NOT BE TERMED AS PRODUCT COSTS?
a. INDIRECT MATERIAL C. ADMINISTRATIVE SALARIES
b. DIRECT LABOUR D. PLANT SUPERVISOR ’S SALARY

26. WHOSE NATION WAS EXTERMINATED THROUGH THE SCOURAGE OF FLOODS?

a. HAZRAT LOOT AS C. HAZRAT YAQOOB AS
b. HAZRAT NOOH AS D. HAZRAT SALEH AS

27. SHAREHOLDER SELL THE SHARES BECAUSE THE FLUCTUATIONS OF PRICE MEANS THE SHAREHOLDER:
a. DIVERSIFY THE RISK C. TRANSFER THE RISK
b. SHARE THE RISK D. ALL OF THESE

28. “OUR FREEDOM FIGHTERS” IS WRITTEN BY:

a. G.ALLANA C. IH QURESHI
b. ZA BHUTTO D. MUSHTAQ AHMED

29. AS A RESULT OF HAZRAT ZAKRIYA AS PRAYER THE FOLLOWING PROPHET WAS BORN ?
a. HAZRAT ESSA A S C. HAZRAT IMRAN AS
b. HAZRAT YAHYA AS D. HAZRAT UZAIR AS

30. “CLOSED ECONOMY” MEANS ON ECONOMY HAVING:

a. NO EXPORT OR IMPORTS C. IMPORT ONLY
b. EXPORT ONLY D. NONE OF THESE

31. WHICH OF THE FOLLOWING IS USED AS A MATERIAL FOR MAKING PROTECTIVE WINDOWS IN SPACE PROBES?
a. DIAMOND C. CARBON
b. STEEL D. GRAPHITE

32. A RATIO INDICATES ABOUT HOW EFFICIENTLY THE FIRM UTILIZES ITS ASSETS IS:
a. ASSETS TURNOVER C. LIQUIDITY RATIO
b. DEBT TO EQUITY D. NONE OF THESE

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33. COMBUSTION IS THE PROCESS IN WHICH:
A. HEAT IS PRODUCED C. LIGHT IS PRODUCED
B. HEAT AND LIGHT ARE PRODUCED D. NONE OF THESE

34. AUDITING STANDARDS DIFFER FROM AUDIT PROCEDURES IN THAT PROCEDURES RELATE TO :
a. AUDIT ASSUMPTIONS C. QUALITY CRITERION
b. ACTS TO BE PERFORMED D. METHODS OF WORK

35. APPRAISAL OF A WORKERS PERFORMANCE CAN BE DESCRIBED AS

A. PLANNING ACTIVITY C. CONTROLLING ACTIVITY
B. ORGANIZING ACTIVITY D. LEADING ACTIVITY

36. CAPITAL BUDGETING MEANS:

a. LONG TERM FINANCING C. BOTH A AND B
b. SHORT TERM FINANCING D. NONE OF THESE

37. JOB ENRICHMENT IS NOT

a. PROVIDING THE OPPORTUNITY FOR INCREASED RECOGNITION C. PROVIDING THE OPPORTUNITY FOR
GROWTH
b. ASSIGNING MORE WORK D. PROVIDING THE OPPORTUNITY FOR ADVANCEMENT

38. EACH SYSTEM IN THE PLANNING FUNCTION IS MADE UP OF FOUR ELEMENTS, THEY ARE :
a. OBJECTIVES, POLICIES, PROCEDURES, PLANS C. PROCEDURES, FEEDBACK, CONTROL , PLANS
b. INPUTS, PROCESSES, OUTPUTS , FEEDBACK D. STANDARDS, INPUTS, CONTROL

39. A TYPE OF RISK COMMON TO ALL SECURITIES IS KNOWN AS :

a. SYSTEMATIC RISK C. IMMEDIATE RISK
b. PORTFOLIO RISK D. HIGHEST BETA

40. WHEN MUHAMMAD BIN Q ASIM DEFEATED RAJA DAHIR 712

a. 710 C. 715
b. 712 D. 716

41. _________IS CONCERNED WITH MAXIMIZATION OF A FIRM ’ S EARNINGS AFTER TAXES:

a. SHAREHOLDER WEALTH MAXIMIZATION C. STAKEHOLDER MAXIMIZATION
b. PROFIT MAXIMIZATION D. EPS MAXIMIZATION

42. PREPARATION OF TRIAL BALANCE HELPS IN LOCATING :

a. ERRORS OF PRINCIPLE C. ERRORS OF OMISSION
b. ERRORS OF COMMISSION D. CLERICAL ERRORS

43. WHICH OF THE FOLLOWING APPEARS IN COST ACCOUNTS AND NOT IN PROFIT AND LOSS ACCOUNT ?
a. RENT ON HOUSE OF THE OWNER C. WORK OVERHEAD
b. RAW MATERIAL OF BUSINESS D. SELLING AND DISTRIBUTION EXPENSES

44. CASH AUDIT OF A COMPANY BE CONDUCTED BY :

a. CHARTERED ACCOUNTANT C. BOTH A AND B
b. COST ACCOUNTANT D. NONE OF THESE

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45. MR, ZAHID RECEIVED RS .100,000 AT THE TIME OF RETIREMENT . HE AS INVESTED IN A PROFITABLE AVENUE
FROM COMPANY A, HE RECEIVED THE DIVIDEND OF 35% AND FROM COMPANY B HE RECEIVED THE DIVIDEND
25% HE HAS SELECTED COMPANY A FOR INVESTMENT . HIS OPPORTUNITY COST WILL BE
a. 35000 B .25000 C.10000 D.55000

46. THE AMOUNT WHICH IS DEPOSITED IN FUTURE EQUAL AND EQUAL PERIOD OF TIME IS CALLED :
a. PRESENT VALUE OF ANNUITY C. ANNUITY DUE
b. FUTURE VALUE OF ANNUITY D. ANNUITY ORDINARY

47. THE PRICE ELASTICITY OF DEMAND IS THE

a. PERCENTAGE CHANGE IN QUANTITY DEMANDED DIVIDED BY THE PERCENTAGE CHANGE IN PRICE
b. PERCENTAGE CHANGE IN PRICE DIVIDED BY THE PERCENTAGE CHANGE IN QUANTITY DEMANDED
c. DOLLAR CHANGE IN QUANTITY DEMANDED DIVIDED BY THE DOLLAR CHANGE IN PRICE
d. PERCENTAGE CHANGE IN QUANTITY DEMANDED DIVIDED BY THE PERCENTAGE CHANGE IN QUANTITY
SUPPLIED

48. WHEN THERE IS A NET PROFIT , WHICH OF THE ITEMS ARE DEDUCTED FROM THE NET PROFIT TO ARRIVE AT CASH
FROM OPERATIONS ?
A. DECREASE IN CURRENT ASSETS C. INCREASE IN CURRENT ASSETS
B. DECREASE IN CURRENT LIABILITIES D. INCREASE IN CURRENT LIABILITIES

49. WHICH IS THE BEST MEASURE OF RISK FOR AN ASSET HELD IN ISOLATION, AND WHICH IS THE BEST MEASURE FOR
AN ASSET HELD IN A DIVERSIFIED PORTFOLIO ?
a. VARIANCE ; CORRELATION COEFFICIENT C. BETA; VARIANCE
b. STANDARD DEVIATION ; CORRELATION COEFFICIENT D. COEFFICIENT OF VARIATION; BETA

50. A COMPANY SHOULD NEED FRESH THINKING THAT HOW TO OPERATE AND COMPLETE IN NEW MARKETING
ENVIRONMENT IS KNOWN AS:
a. INTEGRATED MARKETING CONCEPT C. THE HOLISTIC MARKETING CONCEPT
b. RELATIONSHIP MARKETING CONCEPT D. ALL OF THESE

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 SINDH PUBLIC SERVICE COMMISSION
PRE INTERVIEW WRITTEN TEST FOR THE POST OF LECTURER COMMERCE
22TH OCTOBER 2009

1. THE SYSTEMATIC DESIGN , COLLECTION, ANALYSIS AND REPORTING OF DATA RELEVANT TO SPECIFIC MARKETING
SITUATION FACING AN ORGANIZATION IS :
a. MARKETING INFORMATION C. MARKETING ANALYSIS
b. MARKETING RESEARCH D. MARKETING MIX

2. IT IS A MANAGEMENT FUNCTION THAT HELPS MANAGER RECRUIT , SELECT , TRAIN AND DEVELOP MEMBERS FOR AN
ORGANIZATION :
a. MANAGEMENT C. HUMAN RESOURCE MANAGEMENT
b. MARKETING D. NONE OF ABOVE

3. THE PROCESS BY WHICH COMPANIES CREATE VALUE FOR CUSTOMERS AND BUILD STRONG CUSTOMER
RELATIONSHIPS IN ORDER TO CAPTURE VALUE FROM CUSTOMERS IN RETURN :
a. BUSINESS B. MARKETING C. ADVERTISING

4. A VOLUNTARILY ORGANIZATION OF WORKERS OR EMPLOYEES FORMED TO PROMOTE AND PROTECT THEIR

INTEREST :
a. SAFETY RULES C. UNIONS
b. ASSOCIATION D. COMMITTEE

5. AN EXPENDITURE IS A REVENUE EXPENDITURE BECAUSE :

a. IT IS INTENDED TO BENEFIT THE CURRENT PERIOD
b. THE AMOUNT INVOLVED IS SMALL
c. IT IS DEDUCTED FROM THE GROSS SALE PROCEEDS.

6. DISCOUNT ON ISSUE OF SHARES ACCOUNT BEING LOSS OF ;

a. CAPITAL B. REVENUE C. EXPENDITURE

7. UNDER DIMINISHING BALANCE METHOD DEPRECIATION IS CALCULATED ON:

a. ORIGINAL COST B. WRITTEN DOWN VALUE C. THE SCRAP VALUE

8. AN INDENT MEANS:
a. A LIST OF FORWARDING AGENTS
b. AN ORDER CONTAINING TERMS OF TRADE
c. LIST OF SUPPLIERS

9. A LETTER OF CREDIT IS OPENED ON BEHALF OF :

a. AN EXPORTER C. A BUYING A GENT
b. AN IMPORTER D. A BANK

10. THE NET PROFIT RATIO IS CALCULATED BY WHICH OF THE FOLLOWING FORMULAS:
a. NET PROFIT /NET SALES X 10
b. NET PROFIT /TOTAL SALES-SALES RETURN X 100

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 c. NET PROFIT / CAPITAL EMPLOYED X 100

11. THE IMMEDIATE SOLVENCY RATIO IS:

a. QUICK RATIO C. STOCK TURNOVER RATIO
b. CURRENT RATIO D. DEBTOR TURN RATIO

12. X,Y AND Z ARE PARTNERS IN THE RATIO OF ½ : 2/5 : 1/10, WHAT WILL BE NEW RATIO OF REMAINING PARTNERS
IF X RETIRES:
a. 2:1 B . 4:1 C. 5:1 D. 3:1

13. WHEN SALE IS RS: 480,000, GROSS LOSS IS 25% ON COST , PURCHASE IS RS 350000 AND CLOSING STOCK IS RS:
60,000 THE STOCK BEGINNING WILL BE :
a. 70,000 B . 94,000 C,134,000 D. 350,000

14. ASSETS OF A BUSINESS ARE RS 21315 AND LIABILITIES RS 4120 WHAT IS AMOUNT OF OWNER’S EQUITY ?
A. 21315 B . 17195 C.25435 D.4120

15. STOCK EXCHANGE DEALS WITH THE :

a. SECOND HAND SECURITIES C. ISSUE OF PREFERENCE SHARES
b. ISSUE OF EQUITY SHARES D. ISSUE OF DEBENTURES

16. WHEN SHARES ARE FORFEITED , THE SHARE CAPITAL ACCOUNT IS DEBITED WITH THE :
a. NOMINAL VALUE OF SHARES B. PAID UP VALUE OF SHARES C. CALLED VALUE OF SHARES

17. WHICH ONE OF THE FOLLOWING IS THE REGISTERED CAPITAL OF THE COMPANY ?
A. P AID UP CAPITAL B. UNCALLED CAPITAL C. AUTHORIZED CAPITAL D. RESERVE CAPITAL

18. LIQUID ASSETS INCLUDES:

a. ONLY CASH B. CASH AN DEBTORS
C. CASH DEBTORS EXCEPT BAD DEBTS D. CASH, EXCEPT BAD DEBTS AND MARKETABLE SECURITIES

19. SPAN OF MANAGEMENT MEANS:

a. A GOOD ORGANIZATION SHOULD CONSIST OF DEPARTMENTS
b. AUTHORITY OF EACH PERSON MUST BE CLEARLY DEFINED \
C. EACH SUBORDINATE SHOULD HAVE ONE SUPERIOR
D. A MANAGER CAN SUPERVISE A LIMITED NUMBER OF EXECUTIVES.

20. LINE ORGANIZATION IS ALSO KNOWN AS:

A. FORMAL ORGANIZATION C. FUNCTIONAL ORGANIZATION
B. INFORMAL ORGANIZATION D. MILITARY ORGANIZATION

21. IN CASE OF LIQUIDATION OF A COMPANY , WHICH OF THE FOLLOWING IS REPAYABLE IN THE LAST ?
a. EQUITY CAPITAL C. DEBENTURES
b. PREFERENCE CAPITAL D. PUBLIC DEPOSITS

22. BANK OVERDRAFT IS A GOOD SOURCE OF FINANCE FOR:

A. SHORT TERMS C. LONG TERM
B. MEDIUM TERM D. ANY OF THESE .

23. WHAT IS THE AMOUNT OF PURCHASE WHEN COST OF GOODS SOLD 22000, OPENING STOCK 3500 AND
CLOSING STOCK 1500:
a. 20000 B . 24000 C. 27000 D. 17000

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24. THE MARKET VALUE OF A FIRM IS :
a. THE HIGHER OF ITS LIQUIDATION OR BOOK VALUE C. THE HIGHER OF ITS BOOK OR GOING CONCERN VALUE
b. IT’S GOING – CONCERN VALUE D. THE HIGHER OF ITS LIQUIDATION OR GOING CONCERN VALUE

25. LIQUIDITY DEAL WITH

a. RETURN ON EQUITY C. SHORT TERM CREDIT
b. CONVERSION IN TO CASH D. LONG TERM CREDIT
26. SHORT TERM CREDITOR WOULD BE MOST INTERESTED IN FIRM’S:
a. LIQUIDITY RATIO ’S C. DEBT RATIO
b. PROFIT ABILITIES RATIOS D. COVERAGE RATIOS

27. TOTAL AMOUNT OF DEPRECIATION TO BE WRITTEN OFF OVER THE LIFE OF AN ASSET IS EQUAL TO THE COST OF THE
ASSET LESS ITS __________ SCARPE VALUE / SAIVAGE VALUE

28. THE AMOUNT OF SHARE PREMIUM RECEIVED BY THE COMPANY IS SHOWN UNDER THE HEADING ______IN THE
COMPANY ’S BALANCE SHEET .

29. GROSS PROFIT - OPERATING EXPENSES = __REVENUE _NET PROFIT

30. AN EXPENDITURE BENEFITING THE CURRENT YEAR IS ________________ EXPENDITURE .

31. EVOLUTION OF HUMAN SPECIES OCCURRED IN:

A. ASIA B. AFRICA C. EUROPE D. NONE OF THESE .

32. THE ORGANS WHICH ARE MORPHOLOGICALLY – DIFFERENT BUT PERFORM THE SAME FUNCTION ARE CALLED:
a. HOMOLOGOUS C. VESTIGIAL ORGANS
b. ANALOGOUS ORGANS D. NONE OF THESE .

33. THE APPROXIMATE AGE OF THE EARTH IS:

a. 2.6 X 107 YEAR C. 4.6X109 YEAR
b. B. 3.6 X 108 YEAR D. NONE OF THESE .

34. THE LARGEST FLOWER ON EARTH IS________________________

35. THE SMALLEST ANGIOSPERM IS _________________________

36. QUEEN SHEBA (SABA) WAS CONTEMPORARY OF PROPHET:

A. DAVID (DAUD)AS C. SOLOMAN SULEMAN AS
B. MOSES MOSA D. HAZRAT HAROOM AS

37. HOW LONG DID THE HOLY QURAN TAKE FOR ITS COMPLETE REVELATION :
a. 20 YEAR B. 23 YEARS C. 25 YEARS D. 30 YEARS

38. UNDER THE ISLAMIC LAW OF INHERITANCE, WHAT WOULD BE THE SHARE OF THE WIFE FROM HUSBAND’S
PROPERTY IN PRESENCE OF CHILDREN ?
A. HALF B. ONE THIRD C ONE EIGHTH D. ONE FOURTH

39. THE TREATY OF HUDABIA WAS SIGNED IN :

A 5TH HIJRAH B. 6TH HIJRAH C.7TH HIJRAH D 8TH HIJRAH

40. WHO HAS BEEN TITLED AS SAIFULLAH ?

a. HAZRAT ALI AS C. ABU UBEDAH AS
b. HAZRAT KHALID BIN WALEED RA D. HAZRAT UMAR RA

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41. THE HIGHEST ABOVE SEA LEVEL RAILWAY STATION IN PAKISTAN IS:
a. QUETTA B COALPUR C. LANDI KOTAL D. PESHAWAR

42. SINDH WAS CONQUERED BY MUHAMMAD BIN QASIM DURING THE PERIOD OF :
A. UMAYDS B. TULUN C. ABBASIDS D KHILJIS

43. WHO WAS VICEROY AT THE TIME OF PARTITION OF BENGAL ?

A LORD CURZON B. LORD CANNING C LOARD MINTO D. LORD HARDINGE

44. WHICH ASSEMBLY PASSED O NE UNIT ACT?

A. FIRST CONSTITUENT ASSEMBLY C. FIRST ELECTED ASSEMLY
B. B. SECOND CONSTITUENT ASSEMBLY . D. NONE OF THESE .

45. URANIUM ORES ARE LOCATED IN :

A. KHIRTHAR RANGE B CHAGGHI RANGE C KALABAGH RANGE D HIMALIAYN R ANGE

46. PICK OUT THE MOST CORRECT MEANING OF THE WORD “PARAMOUR” :
A. TASTE B ISLAND C. ILLICIT LOVER D. ATHEIST

47. FROM THE FOUR UNDERLINED WORDS OR PHRASES , IDENTITY THE ONE THAT IS NOT CORRECT : OCTOPUSES HAVE
NOT ONLY LARGE BRAINS AND ALSO A WELL -DEVELOPED NERVOUS SYSTEM .

48. PICK THE WORD OR SET OF WORDS THAT BEST REFLECTS THE SENTENCE ’S OVERALL MEANING : THE YOUNG MAN
WAS QUICKLY PROMOTED WHEN HIS EMPLOYERS SAW HOW ___________--HE WAS

49. CHANGE THE VOICE : THE LAWS OF GRAVITATION WERE FIRST DISCOVERED BY NEWTON

50. CHOOSE THE WORD NEAREST IN MEANING TO THE WORD “ PERNICIOUS”

a. PRACTICAL B. COMPARATIVE C. DESTRUCTIVE D TANGIBLE

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 SINDH PUBLIC SERVICE COMMISSION
PRE INTERVIEW WRITTEN TEST FOR THE POST OF LECTURER COMMERCE
9TH MACH 2005

1. OBJECTIVE OF BUSINESS IS TO:

a. PRODUCE AND SELL GOODS
b. SATISFY THE NEEDS AND WANTS OF SOCIETY
c. PRODUCE AND SELL GOODS TO SATISFY THE WANTS AND NEEDS OF SOCIETY
d. PRODUCE AND SELL GOODS AND SERVICES FOR A PROFIT

2. FOR MANAGEMENT , BUDGETING IS THE MOST POWERFUL:

a. FORECASTING TOOL C. CONTROL DEVICE
A. HIRING TOOL D. ACCOUNTING MEASURE

3. A STATISTICAL TECHNIQUE FOR MEASURING CHANGES IN A GROUP OF ITEMS OVER A PERIOD OF TIME IS
a. MEASURE OF CENTRAL TENDENCY C. CORRELATION
b. AN INDEX NUMBER D. TIME SERIES

4. A CORPORATION HAS ASSETS OF RS: 140,000/- AND LIABILITIES OF RS 60,000/- HOW MUCH IS ITS STOCK
HOLDER ’S EQUITY ?
A. 50000 B. 120000 C. 80000 D, 200000

5. A FOCAL POINT OF THE ACCOUNTING CYCLE IS THE:

A. FINANCIAL STATEMENTS C. ADJUSTED TRAIL BALANCE
B. TRAIL BALANCE D. WORK SHEET

6. A BUSINESS HAS CASH OF R S 3000, NOTES PAYABLE OF RS 2500, ACCOUNTS PAYABLE OF RS 4300, SERVICE
REVENUE OF RS 7000 AND RENT EXPENSE OF RS 1800 BASED ON THESE DATA HOW MUCH ARE ITS TOTAL
LIABILITIES ?
a. RS 5500 B 6800 C RS 9800 D. 13800

7. WHICH OF THE FOLLOWING ACCOUNTS IS NOT CLOSED?

A. SUPPLIES EXPENSES C. INTEREST REVENUE
B. PREPAID INSURANCE D. DIVIDENDS

8. SALES TOTAL RS 440000 COST OF GOODS SOLD IS R S 210000 AND OPERATING EXPENSES ARE 160000 HOW
MUCH IS GROSS MARGIN ?
A. 420000 B. 230000 C. 210000 D. 70000

9. WHICH OF THE FOLLOWING IS AN EXAMPLE OF COMPUTER SOFTWARE?

A. PROGRAMME B MAGNETIC DISK C. PAPER TAPE D ALL OF THE ABOVE

10. AN INCENTIVE PLAN WHICH PAYS AN INDIVIDUAL BY THE NUMBER OF UNITS HE /SHE PRODUCES IS KNOWN AS
a. PIECE WORK B. STRAIGHT SALARY C WAGES D SHIFT PREMIUM

11. A PURCHASE DISCOUNT ………… FROM

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 A. RETURNING GOODS TO SELLER
B. RECEIVING A PURCHASE ALLOWANCE FROM THE SELLER
C. BUYING A LARGE ENOUGH QUANTITY OF MERCHANDISE TO GET THE DISCOUNT .
D. PAYING WITHIN THE DISCOUNT PERIOD

12. BEGINNING INVENTORY WAS R S 35000 PURCHASES WERE RS 146000 AND SALES TOTALED RS 240,000 WITH A
NORMAL GROSS MARGIN RATE OF 35% HOW MUCH IS ENDING INVENTORY ?
A 25000 B 35000 C 97,000 D 181,000

13. A COMPANY PAID 450,000 FOR A BUILDING AND WAS DEPRECIATING IT BY THE STRAIGHT LINE METHOD OVER A
40 YEARS LIFE WITH ESTIMATED RESIDUAL VALUE OF RS 50000 AFTER 10 YEARS IT BECAME EVIDENT THAT THE
BUILDING’S REMAINING USEFUL WOULD BE 40 YEARS DEPRECIATION FOR THE ELEVENTH YEAR IS
a. 78000 B 87000 C 10000 D. 125000

14. AN UN…… BOND IS CALLED

a. SERIAL BOND B. REGISTERED BOND C. DEBENTURE BOND D. MORTGAGE BOND

15. AN ADVANTAGE OF COLLECTIVE BARGAINING TO THE EMPLOYER IS THAT

A. THE CONTRACT IS BINDING ON BOTH PARTIES
b. MANAGEMENT CAN PROCEED WITH DETAILED COST ANALYSIS BASED UPON LABOUR AGREEMENTS
c. IT RELEASES MANAGEMENT FROM DAY TO DAY DEALINGS WITH INDIVIDUALS
d. ALL OF THE ABOVE

16. THE ECONOMIC WAGE THEORY THAT TREATS LABOUR AS A COMMODITY IS KNOWN AS
A. THE STANDARD OF LIVING THEORY C. THE MARKET THEORY
B. THE ABILITY TO PAY THEORY D NONE OF THESE

17. THE ENHIRARRY VALUE ASSIGNED TO SHARE OF STOCK IS CALLED

a. MARKET VALUE C. BOOK VALUE
b. LIQUIDATION VALUE D. PAR VALUE

18. A CORPORATION HAS TOTAL STOCK HOLDERS EQUITY OF R 100000 INCLUDING RETAINED EARNING OF RS 19000
THE CASH BALANCE IS RS. 35000 THE MAXIMUM CASH DIVIDEND THE COMPANY CAN DECLARE AND PAY IS
a. 19000 B .35000 C.65000 D. 100,000

19. WHICH OF FOLLOWING ITEMS IS NOT REPORTED ON THE INCOME STATEMENT

A. PREMIUM ON STOCK B. EXTRA ORDINARY GAIN AND LOSSES
C. INCOME TAX EXPENSES D. EARNING PER SHARE

20. THE PURPOSE OF THE STATEMENT OF CASH FLOWS IS TO

A. PREDICT FUTURE CASH FLOWS
B. EVALUATE MANAGEMENT DECISIONS
C. DETERMINES THE ABILITY TO PAY DIVIDENDS AND INTEREST
D. ALL OF THE ABOVE

21. WHICH OF THE FOLLOWING ITEMS APPEARS ON A CASH FLOW STATEMENT PREPARED BY THE DIRECT METHOD
A. DEPRECIATION EXPENSES B. DECREASE IN ACCOUNTS RECEIVABLE
B. LOSS ON SALE OF PLANT ASSETS D. CASH PAYMENT TO SUPPLIERS

22. GNP MEASURES

A. ALL THE GOODS AND SERVICES PRODUCED BY A COUNTRY
B. ALL INDUSTRIAL GOODS AND SERVICES PRODUCED BY A COUNTRY
C. ALL INDUSTRIAL GOOD AND SERVICES PLUS THE NATURAL RESOURCES OF COUNTRY

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 D. ALL FINAL GOODS AND SERVICE PRODUCED IN ONE YEAR IN A GIVEN COUNTRY

23. THE MASTER BUDGET STARTS WITH

A. CASH B . OWNER ’S EQUITY C. SALE D. INVENTORY

24. IF THE SUPPLY EXCEEDS DEMAND, PRICES

A. NORMAL FALL B NORMALLY RISE C REMAIN THE SAME D NONE OF
ABOVE

25. COST VOLUME PROFIT ANALYSIS IS MOST DIRECTLY USEFUL TO

A. MANAGERS FOR PREDICTING THE OUTCOME OF THEIR DECISIONS
B. LENDERS FOR ANALYZING A LOAN REQUEST
C. TAX AUTHORITIES FOR SELLING INCOME TAX RATES
D. ALL OF THE ABOVE

26. VARIABLE EXPENSES CONSUME 70% OF SALES AND FIXED EXPENSES TOTAL RS. 420000/- THE BREAKEVEN POINT
IN RUPEES IS
A. 140000 B) 600,000 C) 500,000 D) 1400,000

27. IRFAN COMPANY PAYS ONE SALES PERSON A SALARY OF RS 70,000/- AND ANOTHER A SALARY OF RS 40,000
PLUS COMMISSION OF R S 50 PER ITEM SOLD . AT WHAT SALES LEVEL WILL THE TWO SALES PERSONS EARNING BE
EQUAL ?
A 2200 B. 600 C. 1400 D. 1000

28. BEGINNING WORK IN PROCESS INVENTORY IS RS 35000 MANUFACTURING COST FOR THE PERIOD TOTAL RS
140000 AND ENDING WORK IN PROCESS INVENTORY IS RS 20000 WHAT IS THE COST OF GOODS
MANUFACTURED
A. 125000 B.155000 C.175000 D.195000

29. FLEXIBLE BUDGET SHOWS :

A. EXPECTED RESULTS OVER A RANGE OF VOLUME LEVELS C. PRICE VARIANCES
B. A SINGLE TARGET LEVEL OF VOLUME D. VOLUME VARIANCES

30. THE CAPITAL BUDGETING IS THE

A. DEPRECIATION METHOD C. ALTERNATIVE TO THE PAY BACK METHOD
B. SHORT RUN DECISION D. WAY TO MAKE LONG RANGE INVESTMENT DECISIONS

31. PLANNING AND POLICY MAKING ARE PRIMARILY FUNCTIONS OF:

A. TOP MANAGEMENT B. MIDDLE MANAGEMENT C. OPERATING MANAGEMENT

32. IF THEY DON’T LIKE THE WORK, THEY SHOULD NOT HAVE THE JOB “THE MANAGERIAL PHILOSOPHY REFLECTED IN
THIS STATEMENT IS
A. PEOPLE ORIENTED B. WORK ORIENTED C PROMOTION ORIENTED D VOLUME ORIENTED

33. THE MOST COMMON REASON FOR THE DISSOLUTION OF A JOINT A JOINT VENTURE IS
A. DEATH OF A PARTNER C. BANK RUPTEY OF AN INDIVIDUAL
B. THE COMPLETION OF ITS BUSINESS PURPOSE D. COURT DECREE

34. MEMBERS OF THE BOARD OF DIRECTORS MAY BE PERSONALLY LIABLE FOR

A. FRAUD B GROSS NEGLIGENCE C. USE OF CORPORATE ASSETS D. ALL OF THE ABOVE

35. ACCORDING TO THE CONCEPT OF PRODUCT LIFE CYCLE , PROFIT ARE LIKELY TO BE HIGHEST DURING THE PERIOD OF

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 A. INTRODUCTION B. GROWTH C MATURITY D DECLINE

36. THE FIRST STEP IN CONDUCTING MARKETING RESEARCH IT TO

A. REVIEW SOURCES OF DATA C. DEFINE THE PROBLEM
B. FORMULATE A RESEARCH DESIGN D. SELECT THE BEST SOURCES OF DATA

37. THE MOST SELECTIVE ADVERTISING MEDIUM GRAPHICALLY AND QUALITATIVELY IS

A. NEWSPAPERS B. MAGAZINES C. TELEVISION D. DIRECT MAIL

38. INTERNATIONAL TRADE MUST EXIST BECAUSE OF

A. POLITICAL FACTORS C. ECONOMIC CONSIDERATION
B. B. DIFFERENCE IT RESOURCES D. ALL OF THESE

39. OF THE FOLLOWING WHICH IS NOT FACTOR IN SELLING PRICES

A. THE ECONOMY B. SHELF POSITION C. COMPETITION D. THE INDUSTRY

40. THE COLLECTION OF PRIMARY DATA IS ACCOMPLISHED BY THE

A. OBSERVATION METHOD B. EXPERIMENTAL METHOD C SURVEY METHOD D ALL OF ABOVE

FILL THE BLANKS ON ANSWER SHEET ONLY

41. __STOCK EXCHANGE _ INVITES A MEETING PLACE WHERE BUYERS AND SELLERS EXCHANGER SECURITIES
42. AN INDIVIDUAL WHO OWNS SHARES IN A CORPORATION AND THUS BECOMES A PART OF OWNER OF THE FIRM IS
CALLED ________ SHAREHOLDER

43. A MARKET SITUATION CHARACTERIZED BY ONE SELLER FURNISHING PRODUCTS TO A LARGE NUMBER OF BUYERS IS
CALLED ____ MONOPOLY

44. THE FINAL STAGE OF NEGOTIATION IN WHICH A THIRD PARTY , THE ARBITRATOR ACTS AS A JUDGE AND MAKES A
DECISION THAT IS BINDING ON BOTH L ABOUR AND MANAGEMENT IS CALLED ___ L IQUIDATOR

45. THE RELATIONSHIP BETWEEN A COUNTRY ’S IMPORTS AND EXPORT TIGHTER WITH OTHER REVENUES AND
EXPENDITURE EITHER FAVORABLE OR UNFAVORABLE IS CALLED ….BALANCE OF TRADE

46. A TAX OR DUTY LEVIED ON IMPORTED GOODS IS CALLED ___TARIFF

47. SPECIAL CHECKS ISSUED BY BANKS FOR A FEE THAT PERMIT INDIVIDUAL TO NEGOTIATE TRANSACTION ANY WHERE
IN THE WORLD ARE CALLED … D RAFT / PROMISSORY NOTES/ PAY ORDER

48. AN AVERAGE WHICH IS COMPUTED FOR A PARTICULAR LIST OF FIGURES BY ADDING THE FIGURES AND DIVIDING BY
THE NUMBER IN THE LIST IS CALLED ………..

49. PARTNERSHIP AND SOLE PROPRIETORSHIP ACCOUNTING ARE ALIKE EXCEPT IN …SHARE OF PROFIT / …LIABILITY
50. ANY PAID FORM OF NON PERSONAL PRESENTATION AND PRESENTATIONS AND PROMOTION OF GOODS OR SERVICE
BY AN IDENTIFIED SPONSOR IS CALLED … ADVERTISING

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 SINDH PUBLIC SERVICE COMMISSION
PRE INTERVIEW WRITTEN TEST FOR THE POST OF LECTURER COMMERCE
25TH JANUARY 2006

1. WHICH OF THE FOLLOWING ACCOUNTS WILL INVERSELY HAVE A DEBIT BALANCE?

a. ACCOUNT RECEIVABLE B. ACCOUNT PAYABLE C CURRENT ACCOUNT OF PARTER
2. BANK OVERDRAFT SHOULD BE CLASSIFIED AT
a. CURRENT ASSET B . CURRENT LIABILITY C FIXED ASSET D. NONE OF THESE
3. STOCK TURNOVER RATIO IS A
a. LIQUIDITY RATION B . ACTIVITY RATION C PROFIABITY RATION D SOLVENCY RATIO
4. BALANCE SHEET SHOWS THAT
a. FINANCIAL POSITION OF BUSINESS B . BALANCE OF ALL ACCOUNTS C NET PROFIT EARNED DURING A PERIOD
5. THE BALANCE OF INCOME AND EXPENDITURE ACCOUNT REPRESENTS
a. THE BALANCE OF OF CASH________ D. THE EXCESS OF EXPENDITURE ___ VICE VERSA
6. FIXED DEPOSIT ARE SHOWN IN THE BALANCE SHEET OF COMPANY UNDER THE HEADING OF
B. SECURED LOAN B UNCURED LOAN C . CURRENT LIABILITY D CONTIGENT LIABILITY
7. WHICH OF THE FOLLOWING IS A SATISFACTORY LIQUID OR ACID BEST RATIO
A 2:1 B 1:2 C 1:1 D 2:2
8. CASH PAYMENT OF EMPLOYEES IS A CASH FLOW FROM
9. IF LIABILITY HAVE INCREASED BY EXACTLY THE SAME ACCOUNT THAT ASSET HAVE INCREASED THE OWNERS EQUITY
ACCOUNT WILL HAVE
10. AUDIT OF JOINT STOCK COMPANIES IS CONDUCNTED IS UNDER
11. INTERNAL AUDITOR IS APPOINTED BY THE
12. THAT ___ FORM OF BUSINESS ORGANIZATION
13. A PARTNERSHING FINANCE …….FAICED Y
14. CHAMBER OF …………….IS FORM OF
15. A LETTER OF CREDIT L/C IS PRODUCED BY
16. MARKETING MIX VARIABLES ARE
17. A BANK LOAN ON WHICH INTEREST IS DEDUCTED IN ADVANCED IS CALLED
18. BRIEF SUMMARY OF THE RESEARCH STUDY IS CALLED
19. WORKING CAPITAL MEAN
20. WHICH OF THE FOLLOWING BE EXCLUDED FROM CURRENT
21. THE PAYMENT OF DIVIDEND IS A
22. COST CHANGE PRPORTIONALY WITH CHANGES IN SALES WHEREAS
23. THE PROBABILITY OF AS EVENT A MAY BE INFLUENCE BY
24. WHICH OF THE FOLLOWING IS NOT RELAVANT TO FUTURE DECISION OF A FIRM
25. A STUDY OF UNION PROBLEMS IN PAKISTAN WAS CONDUCTED BY THE FOLLOWING AGENCIES
26. COLLECTIVE BARGAINING IS ALLOWED TO PARTICULARLY FROM AND POLICE IN PAKISTAN
27. ECONOMIC PROFIT IS EQUAL TO
28. A CHANGE IN WHICH OF THE FOLLOWING WILL NOT CHASE IN SHIFT IN THE DIERIED
29. ECONOMIC COSTS INCLUDE

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30. THE FAMOUS BOOK THE PHILOSOPHY OF MANAGEMENT WAS WRITTEN BY
31. AN … MEASURE OF RISK IS
32. THE ACTIVITIES OF MOTIVING EMPLUEE DEVERING WHERE SELECTING THE MOST EFFICE COMMUNICATION ..
33.

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