Mock Test for MS Aspirants
Master Your Knowledge: MS Aspirants Quiz
Welcome to the Mock Test for MS Aspirants! This quiz is designed to test your understanding of key concepts related to accounting, finance, and law. Whether you are preparing for higher studies or just want to evaluate your knowledge, this quiz is perfect for you.
Get ready to challenge yourself with:
- 10 thought-provoking questions
- Multiple choice format to enhance your learning
- Immediate scoring to assess your performance
Choose the word with correct spellings
Affidavit
Affidavet
Afidavit
Effidavit
None of these
Which one of the following is a solvency ratio?
Acid-Test Ratio
Debt to equity ratio
Current ratio
None of these
Double entry system was introduced by
Joseph H. Hawker
J.P. Martial
Locus Pacioli
None of these
Zain makes a promise to Akbar that he will pay ONE Million rupees to Akbar he brings the moon on earth. This is an example of:
Valid contract
Void agreement
Voidable contract
Illegal agreement
Who sets the remuniration of an auditor?
Audit Firm
The BOD
Shareholders
The appointing authority
None of these
Which one of the following is not negotiable instrument?
Promisory note
I-owe-you
Traveler's cheque
All of these
The supreme institute in tax matters is
Federal Board of Revenue
Supreme court of pakistan
Federal Tax court
Appellant Tribunal
Statutory report is compulsory for:
All companies
Public companies
Private companies
None of these
Ahmad transfers the possession of 5 tola gold to Asghar as a security against acquired debt, is example of:
Pledge
Mortgage
Hypothecation
Bailment
Which district, kartarpur corridor is situated in?
Sialkot
Narowal
Lahore
None of these
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