FEDERAL PUBLIC SERVICE COMMISSION
(SENIOR AUDITOR BS-16) PAKISTAN AUDIT DERARTMENT
(MODLE PAPER .1)
PART ONE ENGLISH 20 MARKS.
8. He has been working here for
Fill in the blanks with appropriate sometimes.
preposition. Ans.
He has been working here for some
1. Whether I pay or my wife pays times.
amounts __________ the same thing.
9. He stopped to see if
(a) To (b ) in he could picked up the trail.
(c) Into (d) for Ans.
2. The condemned man appealed He stopped to see if he could pick up
__________ the court for mercy. the trail.
(a) In (b) into 10. Although
(c) With (d) to he jumped aside, but the stone hit hi
m.
3. They had few essential supplies to Ans.
begin ________, so they had to Although he jumped aside, yet the
improvise. stone hit him.
(a) With (b) to Which of these word s is most nearly the
(c) In (d) from opposite of the word provided.
4. There doubts, long wrestled
________, were now resolved. 11. Withdraw
a. Reduce
a. With b. to b. Need
c. in d. on c. Advance
d. want
5. He loves to set traps for the unwary: 12. Secret
You would not be the first to a. Friendly
walked_____ one. b. Covert
c. Hidden
a. In b. into d. Overt
c. upon d. on 13. Heartfelt
a. Loving
One of these parts contains an error. b. Insincere
c. Unhealthy
6. He was quite amusing when he heard d. Humorous
what had happened. 14. Impartial
Ans. a. Hostile
He was quite amused when he heard b. Biased
what had happened. c. Dislike
d. Worried
7. Turn left by the crossroads when you 15. Luminous
reach it. a. Clear
Ans. b. Dim
Turn left at the crossroads when you c. Brittle
reach it. d. Clever
c. Preliminary expenses
Which of these words is closest in d. Share premium
meaning to the word provided? e. None of these
25. Statutory report is necessary in the
16. Remote case of :
a. Automatic a. All companies
b. Distant b. Public limited companies
c. Savage c. Private limited companies
d. Mean d. None of these
17. Detest 26. Dividends are usually paid on :
a. Argue a. Called up capital
b. Hate b. Paid up capital
c. Discover c. Paid up capital call in advance
d. Reveal d. Subscribed capital
18. Gracious e. None of these
a. Pretty 27. Dividend income is subject to tax at
b. Clever source:
c. Pleasant a. 0%
d. Present b. 5%
19. Predict c. 10%
a. Foretell d. 15%
b. Decide 28. Audit working papers are the
c. Prevent property:
d. Discover a. Client
20. Kin b. Accountant
a. Exult c. Auditor
b. Twist d. Registrar of companies
c. Friend 29. Tax deducted at source will be
d. Relative treated as:
a. Taxable
PART TWO PRFESSIONAL 80 MARKS. b. Exempt
c. Deductible from net tax
21. Quick assets include, which of the
following? 30. One of the basic purpose of business
a. Cash combination is :
b. Accounts Receivable a. To provide better services to the
c. Both a & b community
d. None of these b. To sell the goods at competitive
22. Economic resources of business that prices
are expected to be of benefit in the c. To reap profit by eliminating
future are referred to as: competition
a. Liabilities d. To increase sales
b. Owner’s equity 31. Actual overhead costs appear:
c. Withdrawals a. On a job cost sheet
d. Assets b. In the work in process account
23. Conversion cost is calculated as c. In the financial goods account
under: d. In the manufacturing overhead
a. Labour plus materials account
b. Labour plus overheads 32. Which of the following is a cleaning
c. None of these. account?
24. Excess of purchase price over the net a. Manufacturing summary
assets is : b. Manufacturing overhead
a. Goodwill c. Depreciation expense
b. Capital reserve d. Accumulated depreciation
33. The status of Chamber of commerce b. Prime cost
and industry in Pakistan is c. Financial cost
a. Partnership d. Absorption cost
b. Association of persons e. None of these
c. Limited company 42. Expenses can be called as
d. Club a. Expired cost
34. Which of the following accounts are b. Project cost
not closed at the end of an c. Prime cost
accounting period? d. Conversion cost
a. Revenue accounts 43. Which of the following is fixed cost?
b. Expense accounts a. Rent
c. Drawing accounts b. Income tax
d. Asset accounts c. Repair
35. A deficit appears on the balance d. Electricity
sheet: e. Insurance
a. Among the assets 44. Accounting is often referred to as the
b. As a deduction from total paid- language of the:
up capital a. Business
c. Among the liabilities b. Schools
d. None of these c. Daily life
36. Audit programme is prepared by: d. Information technology
a. Audit staff 45. Creditors are also termed as;
b. Chief accountant a. Account receivable
c. Directors b. Account payable
d. Audit management c. Bill receivable
37. One of the following is not an officer d. None of these
of a company: 46. Debtors are also termed as:
a. Share registrar a. Account receivable
b. Controller b. Account payable
c. Treasurer c. Bill receivable
d. Secretary d. None of these
38. In public limited company, minimum 47. The properties and possessions of a
number of members is : business both tangible and in
a. 2 tangible are called :
b. 3 a. Liabilities
c. 4 b. Assets
d. 7 c. Expenses
39. Short term finance can be arranged d. Incomes
through 48. Issue of various important
a. Sales of debentures documents is the example of banks:
b. Sales of shares a. Primary function
c. Bank loan b. General utility function
d. Debtors collection c. Agency function
e. None of these d. Secondary function
40. Statutory meeting is necessary in 49. Which of the following should be
case of: filled up when the money is to be
a. Private Ltd. Co. deposited in the
b. Public Ltd. Co. a. Draft
c. Partnership b. Cheque
d. Cooperative society c. Pay-slip
e. None of these d. Pay order
41. The addition of material and labour 50. The person to whom a bill is
is called: addressed is the:
a. Conversion cost a. Debtor
b. Creditor a. Auditing
c. Holder b. Accounting
d. Agent c. Investigation
51. A bill from the point of view of a d. Book keeping
creditor is called a 60. The classes of audit are
a. Bill payable a. Final audit
b. Bill receivable b. Continuous audit
c. Bill acceptable c. Interim audit
d. Bill reject able d. All of the above.
52. When the drawer discounts a bill, he 61. A supplementary grant may be in
debit: respect to
a. Discount account a. One major head
b. Endorserrient account b. More major heads
c. Interest account c. Minor heads
d. Drawee’s account d. All of these
53. Auditing refers to 62. Finance division can sanction re-
a. Preparation and checking of appropriation ___________ a fund.
accounts. a. Within
b. Examination of accounts by b. Without
professional accountants. c. Out of
c. Examination of accounts of d. None
business units only. 63. Consolidated funds are of _______
54. Main object of auditing is types.
a. Detection of errors. a. All of these
b. To find out whether P & L A/C b. Three
and B/S show true and fair state c. two
of affairs. d. one
c. Detection of frauds. 64. Revenue section is comprised of
d. Detection and prevention of a. Expenditure heads
frauds and errors. b. Consolidated heads
55. Auditing is compulsory for c. Receipt heads
a. Small scale business enterprises d. None
b. All partnership firms 65. Major Head can be divided into
c. All joint stock companies __________ sub head/heads.
d. All proprietary concerns. a. One
56. A continuous audit is specially b. Two
needed for c. Three
a. Any trading concern d. Many
b. Smaller concerns
c. Banking companies 66. A supplementary grant can be
d. Any manufacturing concern. demanded after _____ statement.
57. Expenses on experiments are a. Surrender
a. Revenue expenses b. Excess
b. Capital expenses c. Budget
c. Deferred revenue expenses d. None
d. Non of these 67. Excess statement demands a revised
58. Auditor is responsible for __________.
a. Preparation of the accounts a. Fund
b. Expression of an opinion b. Head
c. Preparation and examination of c. Budget
the accounts. d. Both a&b
d. None of these 68. Pay is a ______ head.
59. Examine the books of accounts is a. Major head
known as b. Minor
c. Abstract 78. Which of the following users
d. None assesses the attractiveness of
69. The code head for pay is investing in a business?
a. AO1100 a. Tax authority
b. AO1101 b. Financial analysis
c. AO1102 c. Bank
d. None d. Employees
70. Personal pay is the part of 79. One of the detailed rules used to
a. Allowance record business transaction is
b. Basic pay a. Objectivity
c. Both a&b b. Accruals
d. None c. Double entry book keeping
71. The rate of conveyance allowance is d. Going concern
________ 80. Which of the following items would
a. Same not appear in a debtors control
b. Different account?
c. Both a&b a. Cash received
d. None b. Returns inwards
72. Excess and surrender statement is c. Discount received
prepared d. Interest charged on overdue
a. Twice a year accounts.
b. Annually 81. Which of the following records is not
c. Both a& b a book of prime entry?
d. All of these a. Bank statement
73. Surrender statement is about the b. Petty cash book
_______ heads of accounts c. Journal
a. Low d. Sales returns day book
b. Less 82. Pension is classified into
c. Excess ______categories.
d. All of these a. One
74. Adhoc relief is a main head of b. Two
a. Pay c. Three
b. Other allowances d. Four
c. Regular allowances 83. A pension awarded on retirement
d. None before attaining the age of
75. Which of the following is an other superannuation is
allowance a. Retiring pension
a. Qualification allowance b. Extra ordinary pension
b. Medical allowance c. Invalid pension
c. PHD allowance 84. Superannuation pension is awarded
d. Honoraria to a govt. servant when he retires at
76. Electricity charges are minor head of the age of
the major head a. 45
a. Communication b. 55
b. Utilities c. 60
c. Contingency d. 65
d. None 85. Minimum service length for retiring
77. Code of total repair and maintenance pension is
is a. 25 years
a. A11 b. 20 years
b. A12 c. 15 years
c. A13 d. None
d. A14
86. Compulsory retirement be made to a 94. According to methods of
govt. employee after completing the advertisement it is mandatory that
service at least. advertisement principally appears in
a. 25 years a. At least one national daily
b. 20 years b. At least two national dailies
c. 15 years c. At least three national dailies
d. 10 years d. At least four national dailies.
87. If a govt. employee dies after 95. For procurement proceedings
completing ten years, his family will a. All supplies and contractors shall
get _______ be entitled.
Of his pension. b. Only prequalified shall be
a. 25% entitled
b. 30% c. Both a&b
c. 40% d. None of above
d. 50% 96. Did security may require for bidders
88. Which of the following relation does must not exceed
not fall under the definition of family a. 10% of bid price
according to pension rules. b. 15% of bid price
a. Son c. 12% of bid price
b. Daughter d. 5% of bid price
c. Wife e. None
d. Brother 97. Aggrieved bidder launch his
89. The document required by the govt. complain under rule of PPR rules
to ensure that pensioner is not dead. 2004.
a. NIC a. 30
b. License b. 35
c. Live form c. 40
d. None d. 41
90. PPO stands for pension 98. Unsettled claims must be settled
payment_____ through
a. Office a. Competent authority
b. Order b. Arbitration
c. Official c. Law coverts
d. None d. None of above.
91. Time spent by govt. employee in any 99. How many years procuring agencies
department training is maintain their record?
a. Pensionable a. 2 years
b. Non-pensionable b. 3 years
c. One payable c. 4 years
d. none d. 5 years
92. Public procumbent rules were e. None of the above.
applied in and outside Pakistan in 100. Mis-procurement mean.
a. 2003 a. Better procurement
b. 2004 b. Breach of procurement rules
c. 2005 c. Supply of defective material
d. 2006 d. All of above.
93. Public procurement rules apply
a. To all procuring agencies of
Federal ************************************
b. To all procuring agencies of
federal within Pakistan
c. To all procuring agencies outside
Pakistan.
d. All of above.
