Model Paper PPSC 2023 Assistant Director FDA Faisalabad 25-02-2023

Total Questions: 99

1 - A buyer's perception of value is considered a trade off between

A ) Product value and psychic cost
B ) Total customer value and total customer cost ✅
C ) Image value and energy cost
D ) Service value and monetary cost

2 - Capital structure is an optimal mix of which one of the following option

A ) Sales and profits
B ) Debt and equity ✅
C ) Current assets and fixed assets
D ) None of these

3 - At breakeven point

A ) Total expenses=total revenue ✅
B ) Total expenses>Total revenue
C ) Total expenses<total revenue
D ) None of these

4 - Floating assets are values at

A ) Market price
B ) Cost
C ) Cost &market whichever is lower ✅
D ) Cost less depreciation

5 - .....refers to the risk inherent to the entire market or market segment

A ) Financial risk
B ) Purchasing power
C ) Systematic risk ✅
D ) Interest free risk

6 - The first and foremost function of management is

A ) Planning ✅
B ) Organizing
C ) Controlling
D ) Coordination

7 - Which of the following is a method that is commonly used in qualitative research

A ) Self completion questionnaire
B ) Surveys
C ) Ethnography ✅
D ) Structured observation

8 - The form of business having unlimited liabilities

A ) General partnership ✅
B ) Limited partnership
C ) Limited liabilities partnership
D ) Particular partnership

9 - The average of the data is also known as

A ) Harmonic means
B ) Arithmetic means ✅
C ) Geometric mean
D ) Sample mean

11 - Verification refers to

A ) Not Confirming ownership
B ) Valuation and possession ✅
C ) None
D ) All of these

12 - Bringing all parties to am agreement is termed as

A ) Joinder
B ) Consensus
C ) Contract ✅
D ) None of these

13 - Debtors having least profit share due to

A ) No participating in operational risk ✅
B ) Payment to trade payables
C ) Current ratio and quick ratio
D ) None of these

14 - An expenditure which occurs non repeatedly and regularly is known as

A ) Capital expenditure ✅
B ) Revenue expenditure
C ) Deffered revenue expenditure
D ) None of these

15 - Supervisor wage is a part of

A ) Conversion cost ✅
B ) Operating cost
C ) Variable cost
D ) None of these

16 - Unsystematic risk is also known as

A ) Unavoidable risk
B ) Random riak
C ) Specific risk ✅
D ) None of these

17 - Characteristics of the job is also known as

A ) Job analysis
B ) Job rating
C ) Jon description ✅
D ) Job evaluation

18 - Which research is conducted when a researcher needed a solution to a problem

A ) Scientific research
B ) Applied search ✅
C ) Descriptive research
D ) Basic research

19 - Change in government policy with in the content of tax

A ) Tax policy
B ) Fiscal policy ✅
C ) Monetary policy
D ) Regulatory policy

20 - The part of equity having certain return is called

A ) Common stock
B ) Preferred atock ✅
C ) Growth stock
D ) None of these

21 - Human resource management deals with

A ) Insurance matters
B ) Staff function ✅
C ) Accounting function
D ) None of these

22 - Auditing refers to

A ) Reporting the financial information
B ) Examination of financial information ✅
C ) Preparation of financial statements
D ) Maintaining the ledger accounts

23 - The standard deviation is the....of the variance.

A ) Square
B ) Square root ✅
C ) Cube
D ) Cube root

24 - According to the capital asset pricing model a security's expected return is equal to the risk free rate plus a premium

A ) Equal to the security beta
B ) Based on the unsystematic risk of the security
C ) Based on the total risk of the security
D ) Based on the systematic risk of the security ✅

25 - Which one renders high profitability

A ) Asset
B ) Balance sheet
C ) Inventory ✅
D ) Equity

26 - In response to market expectations the credit period has been increased from 46 days to 60 days this would result in a

A ) Decrease in sales
B ) Decrease in debators
C ) Increase in bad debts
D ) Blocking of funds ✅

27 - Bonus shares are issued out of

A ) Capital reserve
B ) Free reserve ✅
C ) Share premium
D ) None of these

28 - Which body prepare and publish audit standard

A ) International auditing and assurance standards board ✅
B ) International federation of accountant
C ) Generally accepted auditing standards
D ) None of these

29 - The shortcut key to add new slide on PowerPoint is

A ) Ctrl+M ✅
B ) Ctrl+N
C ) Ctrl+O
D ) Ctrl+P

30 - Investment decisions making traditionally consists of two steps

A ) Investment banking and security analysis
B ) Buying and selling
C ) Risk and expected return
D ) Security analysis and portfolio management ✅

31 - An advertisment which conceal organization identify

A ) Display advertising
B ) Blind advertising ✅
C ) Native advertising
D ) None of these

32 - Each element having equal chances of selection is called

A ) Probability ✅
B ) Non probability
C ) Stratified sampling
D ) Quota sampling

33 - All India Muslim League observed the Direct action day on

A ) August 6,1944
B ) August 28,1945
C ) August 16,1946 ✅
D ) August 2,1947

34 - When Mushtaq Ahmad Khan died

A ) 2012
B ) 2014
C ) 2016
D ) 2018 ✅

35 - Banks realize dividend and interest on behalf of customer is included in

A ) Beneficiary
B ) Agency ✅
C ) Nominee
D ) None of these

36 - Which is the primary activity of a commercial bank

A ) Current Account
B ) Accepting ,deposits and also lending funds. ✅
C ) None
D ) All of these things

Explanation: The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits.

37 - Consider the following statements relating to the world trade organization

A ) The WTO deals with the global rules of trade between nations ✅
B ) None
C ) WTO
D ) All of these

38 - Which is the most common measure of central tendency

A ) Mean ✅
B ) Median
C ) Mode
D ) Range

39 - Diversification as a tool for reducing risk by

A ) Holding more assets is always better than holding fewer
B ) Interesting in more than one asset ✅
C ) Portfolio losses be prevented
D ) None of these

42 - World bank is also known as

A ) International bank for development
B ) International Bank for reconstruction and development ✅
C ) International bank for infrastructure and development
D ) International bank for design and development

43 - Which of the following is an example of nonverbal communication

A ) An online blog where employees in different cities an share ideas
B ) A company logo designed to project the organization images ✅
C ) An email message reminding employees of an upcoming staff meeting
D ) A phone call from attorney to a client

45 - Which is not a characteristic of a service

A ) Variability
B ) Intangibility ✅
C ) Inseparability
D ) None of these

46 - Petty cash is a part of

A ) Cash book ✅
B ) Cash receipt
C ) Expense book
D ) Expenditure book

47 - Which of the following can be distributed among the shareholders

A ) Capital reserve
B ) General reserve ✅
C ) Revaluation reserve
D ) None of these

48 - Strategy is developed by the versionary chief executive in.....mode of strategic management

A ) Planning mode
B ) Adaptive mode
C ) Strategic mode
D ) Enterpreneurial mode ✅

49 - The doctrine of impossibility of performance rendering a contract void is based on

A ) A commercial impossibility
B ) A supervening impossibility ✅
C ) Just and reasonable ground
D ) An unjust enrichment

50 - Price elasticity of demand that...is called inelastic

A ) More than 1
B ) Less than 1 ✅
C ) Equal to 1
D ) None of these

51 - Debt is part of

A ) Working capital
B ) Financial equity
C ) Capital structure ✅
D ) None of these

52 - The types of good that are tangible in nature and that can be consumed in few uses are classified as

A ) Durable goods
B ) Non durable goods ✅
C ) Services
D ) Augmented goods

53 - Selling expenses includes in

A ) Material cost
B ) Labour cost
C ) Advertising cost ✅
D ) Factory cost

54 - International women's day is celebrated each year on

A ) 6 march
B ) 8 march ✅
C ) 10 march
D ) 12 March

55 - Cap it all means

A ) To cover everything
B ) To seize
C ) To finish ✅
D ) To occur

57 - Audit evidence is consider sufficient when

A ) There is enough of it to afford a reasonable basis for an opinion on financial statements ✅
B ) It has been obtained by random selection
C ) It is competent
D ) It has the qualities of being relevant objective and free from known bias

58 - The career related consequences of the delaying of organization most likely option is

A ) A higher proportion of job moves being demotion
B ) Promotion being a bigger step when it happens ✅
C ) Lateral moves becoming scarcer
D ) All of these

59 - Preference shareholders are of the company

A ) Creditors
B ) Owners ✅
C ) Customers
D ) Borrowers

60 - Which of the following statements are incorrect

A ) Services are intangible
B ) Services are perishable
C ) Services can be co produced with customers
D ) Services are invariable ✅

61 - The two internal elements of SWOT analysis are

A ) Weakness and threats
B ) Opportunities and threats
C ) Strength and weakness ✅
D ) strength and threats

62 - An organization structure in which more than one type of departmentalization is employed is called

A ) Mixed departmentalization ✅
B ) Process departmentalization
C ) Matrix form
D ) Centralization

63 - Roshaneh Zafar is the founder of

A ) Citizens foundation
B ) Alkhidmat foundation
C ) Kashf foundation ✅
D ) None of these

64 - He said to her, what a cold day!

A ) He told her that it was a cold day
B ) He exclaimed that it was a cold day
C ) He exclaimed that it was a very cold day ✅
D ) He exclaimed sorrowfully that it was a cold day

65 - Shola e Toor written by

A ) Josh Malehabadi
B ) Jigar Moradabadi ✅
C ) Abdul Halim sharar
D ) None of these

66 - The partition of Bengal was occured on

A ) 16 October 1905 ✅
B ) 18 October 1905
C ) 20 October 1905
D ) 22 October 1905

67 - He said Be quiet and listen to my words

A ) He urged them to be quiet and listen to his words ✅
B ) He asked them to be quiet and listen to his words
C ) He urged them to be quiet and listen to my words
D ) He requested them to be quiet and listen to his words

68 - Name the country which is not a neighbor of Pakistan

A ) Iran
B ) Afghanistan
C ) Russia ✅
D ) China

69 - Objects like glass through which things can be seen clearly are called

A ) Miscible objects
B ) Transparent objects ✅
C ) Translucent objects
D ) Opaque objects

70 - Which of the following gases is the most harmful to the zone layer

A ) Carbon dioxide
B ) Chlorofluorocarbons ✅
C ) Nitrogen oxide
D ) Sulphur dioxide

71 - Which of these options apart from cash are instrument to distribute profit to shareholders

A ) Stock purchase
B ) Bonus shares
C ) Stock split Bonus shares Stock purchase ✅
D ) All of these

72 - World wide web is

A ) World wide connection for computer
B ) Another name for internet
C ) A collection of world wide information
D ) A collection of linked information residing on computer connected by the internet ✅

73 - He aimed .....the flying bird

A ) At ✅
B ) By
C ) Of
D ) With

74 - Which surah is called preface of Holy Quran

A ) Surah Fateh ✅
B ) Surah Rehman
C ) Surah yaseen
D ) None of these

75 - Which ancient city is considered as Pearl of Gandhara civilization

A ) Hassan Abdal
B ) Taxila ✅
C ) Wah
D ) Kamra

76 - ....is the subject matter of macroeconomics

A ) Factory pricing
B ) Growth theory ✅
C ) Individual income
D ) Market structured

77 - Joint venture account is a

A ) Nominal account ✅
B ) Personal account
C ) Real account
D ) Dummy account

78 - 1 Gigabyte is equal to

A ) 1024 Bits
B ) 1024 Megabyte ✅
C ) 1024 Kilobytes
D ) None of these

79 - Government run by official is called

A ) Democracy
B ) Gerontocracy
C ) Bureaucracy ✅
D ) Kakistocracy

80 - The basic factors of production are land labour Capita and

A ) Enterprise ✅
B ) Investment
C ) Machinery
D ) Resources

81 - US entered into World War II due to

A ) Annexation of Poland by Germany
B ) Aerial bombing on Poland
C ) Japanese attack on pearl Harbour ✅
D ) No payment of dues by Germans

83 - Who invented computer

A ) Charles Babbage ✅
B ) Fahrenheit
C ) Howard Aiken
D ) Vint cerf

84 - Which of the following is a measure to reduce inequality of income

A ) Promotion of industries
B ) Social securities ✅
C ) Granting of credit to poor on concessional rate
D ) None of these

85 - The author of the wealth of nations is

A ) Adams smith ✅
B ) William Robins
C ) Rabid recardo
D ) None of these

86 - The difference between desired service and the level of service considered adequate is known as

A ) Service quality
B ) Service failure
C ) Tolerance zone ✅
D ) Service recovery

87 - The concept of consumer surplus was developed by

A ) Marshall ✅
B ) Gotham
C ) Benethan
D ) None of these

88 - Which is a system of selling goods directly to customers through a network of self employed peop

A ) Multilevel marketing ✅
B ) Whole sale marketing
C ) Vertical marketing
D ) None of these

89 - An exceptional demand curve is one of that slopes

A ) Upward to the left
B ) Downward to the right
C ) Upward to the right ✅
D ) Horizontally

90 - In which year Pakistan became republic

A ) 1947
B ) 1956 ✅
C ) 1962
D ) 1973

91 - Authorized share capital is also known as

A ) Registered Capital ✅
B ) Issued Capital
C ) Paid up capital
D ) None of these

92 - Net loss occurs when

A ) Expenses are greater than income ✅
B ) Expense are less than income
C ) Liabilities are greater than income
D ) None of these

93 - Liquid ratio is equal to liquid assets divided by

A ) Current liabilities ✅
B ) Total liabilities
C ) Contingent liabilities
D ) None of these

94 - Synonym of hallowed

A ) Decayed
B ) Sacred ✅
C ) Historical
D ) Ancient

95 - Where COP26 will take place between 9 and 20 November 2020

A ) Stockholm
B ) Rome
C ) Glasgow ✅
D ) None of these

96 - Liabilities are which of the following

A ) Resources
B ) Obligation ✅
C ) Future benefits
D ) Expenses

97 - Goods returned by costumer should be debited to which of the following accounts

A ) Sales income account
B ) Sales account
C ) Return inward account ✅
D ) Expenses account

99 - دیوار کیا گری مرے خستہ مکان کی لوگوں نے میرے صحن میں رستے بنا لیے یہ شعر کس کا ہے

A ) غالب
B ) سبط علی صبا ✅
C ) فیض احمد فیض
D ) ان میں سے کوئی نہیں