NTS MCQ Quiz Hub

NTS CURRENT AFFAIRS ACCOUNTING SET 2

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1. World Trade Organization (WTO) is the successor organization of




2. Which from the following is NOT among essentials of a valid contract?




3. Raw materials that are remaining at the end of the reporting period are treated as




4. The selling price of some goods is $1500 and cost to sell the goods is $200. What is the Net Realizable Value (NRV)?




5. Shares of a public company are usually traded on a




6. Selling bonds is a way to




7. The IMF was established in _____ at the Bretton Woods Conference in the United States.




8. The IMFs primary mission is to ensure the stability of the international




9. International Monetary Fund (IMF) provides loans to member countries that are experiencing problems with




10. The return that is forgone by investing in a project instead of investing in a financial market at the same level of risk is known as




11. Which from the following derivative is not traded on exchanges?




12. An investment is believed to be risky if




13. The World Bank has two goals: to promote shared prosperity in a sustainable way, and to




14. The World Bank provides loans and grants to pursue




15. GATT is an abbreviation for




16. The headquarter of World Trade Organization (WTO) is located in




17. Which of the following is the safest investment?




18. Net Present Value (NPV) is calculated as




19. IMF provides assessments of latest public finance developments in its




20. The ratio between amount of profit and investment is known as




21. In Finance, risk is calculated by calculating the _____ of possible outcomes.




22. The Internal Rate of Return (IRR) is the rate of discount that makes Net Present Value (NPV)




23. An investment should be accepted if its Net Present Value (NPV) is




24. An investment should be accepted if




25. World Trade Organization (WTO) was established on 1 January




26. USMCA (United States-Mexico-Canada) free trade agreement has replaced




27. A company sent a job offer letter to a candidate on 2 May 2020. The candidate received the letter on 4 May 2020. The communication of offer is completed on




28. A company sent a job offer letter to a candidate. The candidate sent the acceptance letter on 2 May 2020 and the company received the letter on 4 May 2020. The communication of acceptance is completed on




29. Which of the following product is likely to be produced using division of labour?




30. Which source of financing is not available to a sole proprietor and a partnership?




31. Which of the following is an example of a credit sale?




32. Which of the following is not a function of a warehouse?




33. At which stage the production is completed?




34. Which from the following risk is non-insurable?




35. A letter of credit is opened (or issued) on behalf of a/an




36. Professionals employed by insurance companies or pensions providers to calculate factors such as life expectancy and likely payouts are known as




37. Exports are _____ while imports are _____.




38. What document will be sent to a buyer when the buyer returns some damaged goods?




39. An asset that pays a fixed amount of cash at regular intervals for a specified number of years is known as




40. An asset that pays the regular interest payments and repay the original amount at the maturity is known as




41. A shareholder in a public limited company can sell his/her shares by




42. Which of the following is not a function of a retailer?




43. A person or a firm that brings buyers and sellers together and receive a commission when the deal is done, is called




44. Central Depository Company of Pakistan is regulated by




45. If the Pakistani rupee gains strength, what from the following statement would NOT be true?




46. An increase in supply _____ the price and _____ the quantity demanded.




47. A businessman opportunity should be accepted if it has _____ net present value.




48. In a monopolistic competition, a business obtains its maximum-profit position where




49. The fundamental concept of Economics about resources is that the resources are




50. Consider a world without scarcity of resources. Then what would be the consequences?