Management Sciences MCQs
These Management Sciences MCQs are for public service commission exams and BBA, and MBA students to prepare for their examinations. All MCQs are prepared after having a look at past papers of public service commission examinations held from time to time. These Management Science questions are very important for all types of tests conducted by FPSC, NTS, KPPSC, PPSC, SPSC, BPSC, OTS, UTS, PTS, CTS, ATS, STS, ETEA, and other testing agencies of Pakistan.
A cash deposit made by business appears on the bank statement as _______ balance?
A: Debit
B: Credit
C: Expenses
D: Liability
Credit
A check returned by bank marked NSF means that:
A: Bank cant verify your identity
B: There are not sufficient funds in your account
C: Check has been forged
D: Check cant be cashed being illegal
There are not sufficient funds in your account
Bank reconciliation statement is prepared by____________?
A: Accountant of the business
B: Manager of the business
C: Controller of the bank
D: Accountant of the bank
Accountant of the business
Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?
A: Bank charges will be debited in cash book
B: Bank charges will be added to cash book balance
C: Bank charges will be credited in cash book
D: Bank charges need no adjustment in cash book
Bank charges will be credited in cash book
Favorable balance of cash book implies that
A: Credit balance of cash book
B: Debit balance of cash book
C: Bank overdraft
D: Adjusted balance of cash book
Debit balance of cash book
Bank reconciliation statement is the comparison of a bank statement (sent by bank) with the _________ (prepared by business).
A: Cash receipt journal
B: Cash payment journal
C: Cash book
D: Financial statements
Cash book
In the Bank reconciliation statement Deposit in transit is usually:
A: Subtracted from bank balance
B: Added to bank balance
C: Added to Cash book balance
D: Subtracted from cash book balance
Added to bank balance
Which of these is not an essential feature of a bill of exchange?
A: Unconditional
B: Certainty of amount
C: In writing
D: Amount to be paid in foreign currency
Amount to be paid in foreign currency
A foreign bill of exchange is generally drawn up in___________?
A: Triplicate
B: Duplicate
C: Single
D: Quadruplicate
Triplicate