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.
The date on auditors report should not be____________?
A: the data of AGM
B: later than the date on which the accounts are approved in boards meeting
C: earlier than the date on which the accounts are approved by the management
D: Both and B.
earlier than the date on which the accounts are approved by the management
The auditor has a right toÂ___________?
A: Obtain information and explanation
B: Obtain information and explanation from the employees and officers
C: Obtain information and explanation necessary for the purpose of audit
D: Both
E: and C.
Both and C.
The authority to remove the first auditor before the expiry of term is with__________?
A: the shareholders in a general meeting
B: the shareholders in the first annual General meeting
C: the board of directors
D: the Central Government
the shareholders in a general meeting
Who out of the following cannot be appointed as a statutory auditor of the company?
A: Erstwhile director
B: Internal auditor
C: Relative of a director
D: Only (
E: and (C.
Internal auditor
A statutory auditor has a right of access at all times to___________?
A: Books and accounts of a company
B: Books, accounts and documents of the company
C: Books, accounts and vouchers of the company
D: Notices and documents of the company
Books, accounts and vouchers of the company
In case the directions fail to appoint first auditor (s), the shareholders shall appoint them at_________by passing a resolution.
A: a general meeting
B: first annual general meeting
C: statutory meeting
D: annual general meeting
a general meeting
If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
A: Board meeting
B: extraordinary general meeting
C: General meeting
D: annual general meeting
General meeting
Which of the following expenses should not be treated as capital expenditure?
A: Expenses paid on installation of a plant.
B: Cost of dismantling a building in case a new building is to be constructed on the land
C: Legal expenses incurred to defend a suit related to title of patent.
D: The fees paid to engineer who constructed the plant.
Legal expenses incurred to defend a suit related to title of patent.
Who is responsible for the appointment of statutory auditor of a limited company ?
A: Directors of the company
B: Members of the company
C: The Central Government
D: All of the above
Members of the company
The board of directors shall appoint first auditor of a company
A: With in one month of completion of capital subscription state of the company
B: With in one month of the promotion of the company
C: With in one month of the commencement of the business of the company
D: With in one month of incorporation of the company
With in one month of incorporation of the company