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.
Which of these are not required in a promissory note?
A: Acceptance
B: Unconditional promise to pay
C: Properly stamped
D: Payment to be made legal currency
Acceptance
X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
A: 4/4/2013
B: 3/4/2013
C: 1/4/2013
D: 31-3-2013
4/4/2013
Accommodation bills are generally for?
A: Genuine trade reasons
B: For mutual financial accommodation
C: To help augment money supply
D: All the three
For mutual financial accommodation
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