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PPSC · Finance · 2026

Enforcement Officer Past Paper 2026 Solved MCQs

Solved PPSC Enforcement Officer (BS-17) past paper from 2026. Includes 100 questions covering Job-Related, General Knowledge, English with detailed explanations for preparation.

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Questions

100

Time

100

Minutes

Subjects

10

Topics

100

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Enforcement Officer Past Paper 2026

Read mode 100 MCQs · 100 minutes

Subject 1

General Knowledge

10 MCQs
1

Topic Section

World Capitals

1 solved MCQs shown directly below

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Q 1 General Knowledge World Capitals

Capital of South Korea is:

A

Busan

B

Seoul

C

Incheon

D

Daegu

View answer & explanation Ans: Seoul

Correct Answer: Seoul

The correct answer is Seoul, as asked in this question on World capitals.

2

Topic Section

US Presidents

1 solved MCQs shown directly below

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Q 2 General Knowledge US Presidents

Who became U.S. President after Donald Trump:

A

Barack Obama

B

George Bush

C

Joe Biden

D

Kamala Harris

View answer & explanation Ans: Joe Biden

Correct Answer: Joe Biden

The correct answer is Joe Biden, as asked in this question on US presidents.

3

Topic Section

Muslim League History

1 solved MCQs shown directly below

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Q 3 General Knowledge Muslim League History

Who was Viceroy at the time of establishment of All India Muslim League:

A

Lord Curzon

B

Lord Minto

C

Lord Chelmsford

D

Lord Harding

View answer & explanation Ans: Lord Minto

Correct Answer: Lord Minto

The correct answer is Lord Minto, as asked in this question on Muslim League history.

4

Topic Section

Nehru Report

1 solved MCQs shown directly below

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Q 4 General Knowledge Nehru Report

Nehru Report was presented in which year:

A

1927

B

1928

C

1929

D

1930

View answer & explanation Ans: 1928

Correct Answer: 1928

The correct answer is 1928, as asked in this question on Nehru Report.

5

Topic Section

Hyderabad Annexation

1 solved MCQs shown directly below

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Q 5 General Knowledge Hyderabad Annexation

What was the name of the Indian military operation to annex Hyderabad in 1948:

A

Operation Gibraltar

B

Operation Polo

C

Operation Blue Star

D

Operation Meghdoot

View answer & explanation Ans: Operation Polo

Correct Answer: Operation Polo

The correct answer is Operation Polo, as asked in this question on Hyderabad annexation.

6

Topic Section

Muhammad Bin Qasim

1 solved MCQs shown directly below

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Q 6 General Knowledge Muhammad Bin Qasim

Muhammad Bin Qasim defeated:

A

Raja Puru

B

Raja Jaipal

C

Raja Dahir

D

Raja Bhoj

View answer & explanation Ans: Raja Dahir

Correct Answer: Raja Dahir

The correct answer is Raja Dahir, as asked in this question on Muhammad bin Qasim.

7

Topic Section

UAE States

1 solved MCQs shown directly below

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Q 7 General Knowledge UAE States

Which one is not a state of UAE:

A

Abu Dhabi

B

Dubai

C

Bahrain

D

Sharjah

View answer & explanation Ans: Bahrain

Correct Answer: Bahrain

The correct answer is Bahrain, as asked in this question on UAE states.

8

Topic Section

NATO Headquarters

1 solved MCQs shown directly below

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Q 8 General Knowledge NATO Headquarters

Headquarter of NATO is located in which city:

A

Paris

B

Geneva

C

Brussels

D

London

View answer & explanation Ans: Brussels

Correct Answer: Brussels

The correct answer is Brussels, as asked in this question on NATO headquarters.

9

Topic Section

Euro Currency

1 solved MCQs shown directly below

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Q 9 General Knowledge Euro Currency

Which country does not use Euro currency:

A

Germany

B

France

C

Italy

D

UK

View answer & explanation Ans: UK

Correct Answer: UK

The correct answer is UK, as asked in this question on Euro currency.

10

Topic Section

World Islands

1 solved MCQs shown directly below

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Q 10 General Knowledge World Islands

Largest island of the world is known as:

A

New Guinea

B

Borneo

C

Greenland

D

Madagascar

View answer & explanation Ans: Greenland

Correct Answer: Greenland

The correct answer is Greenland, as asked in this question on World islands.

Subject 2

Pakistan Studies

5 MCQs
1

Topic Section

Prime Ministers Of Pakistan

1 solved MCQs shown directly below

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Q 11 Pakistan Studies Prime Ministers Of Pakistan

Who was the 3rd Prime Minister of Pakistan:

A

Liaquat Ali Khan

B

Khawaja Nazimuddin

C

Muhammad Ali Bogra

D

Chaudhry Muhammad Ali

View answer & explanation Ans: Muhammad Ali Bogra

Correct Answer: Muhammad Ali Bogra

The correct answer is Muhammad Ali Bogra, as asked in this question on Prime Ministers of Pakistan.

2

Topic Section

Javelin Throw

1 solved MCQs shown directly below

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Q 12 Pakistan Studies Javelin Throw

Who won the gold medal for Pakistan in Javelin Throw:

A

Munir Sadiq

B

Abdul Khaliq

C

Arshad Nadeem

D

Naseem Hameed

View answer & explanation Ans: Arshad Nadeem

Correct Answer: Arshad Nadeem

The correct answer is Arshad Nadeem, as asked in this question on Javelin throw.

3

Topic Section

Pakistan Census

1 solved MCQs shown directly below

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Q 13 Pakistan Studies Pakistan Census

The first census in Pakistan was held in:

A

1949

B

1951

C

1956

D

1961

View answer & explanation Ans: 1951

Correct Answer: 1951

The correct answer is 1951, as asked in this question on Pakistan census.

4

Topic Section

Constitution Article 251

1 solved MCQs shown directly below

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Q 14 Pakistan Studies Constitution Article 251

Under which Article of the Constitution is Urdu declared the National Language:

A

Article 240

B

Article 251

C

Article 270

D

Article 62

View answer & explanation Ans: Article 251

Correct Answer: Article 251

The correct answer is Article 251, as asked in this question on Constitution Article 251.

5

Topic Section

Pakistan UNSC Membership

1 solved MCQs shown directly below

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Q 15 Pakistan Studies Pakistan UNSC Membership

In 2025, Pakistan attended the non-permanent council sitting of:

A

UN General Assembly

B

UN Human Rights Council

C

United Nations Security Council

D

International Court of Justice

View answer & explanation Ans: United Nations Security Council

Correct Answer: United Nations Security Council

The correct answer is United Nations Security Council, as asked in this question on Pakistan UNSC membership.

Subject 3

Current Affairs

4 MCQs
1

Topic Section

Pakistan Saudi Defence Agreement

1 solved MCQs shown directly below

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Q 16 Current Affairs Pakistan Saudi Defence Agreement

Pakistan and Saudi Arabia signed the ___ on September 17, 2025:

A

Strategic Mutual Defense Agreement

B

Trade Expansion Treaty

C

Energy Security Agreement

D

Economic Cooperation Pact

View answer & explanation Ans: Strategic Mutual Defense Agreement

Correct Answer: Strategic Mutual Defense Agreement

The correct answer is Strategic Mutual Defense Agreement, as asked in this question on Pakistan-Saudi defence agreement.

2

Topic Section

Federal Finance Minister

1 solved MCQs shown directly below

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Q 17 Current Affairs Federal Finance Minister

Who is the current Federal Finance Minister of Pakistan:

A

Ishaq Dar

B

Asad Umar

C

Muhammad Aurangzeb

D

Abdul Hafeez Sheikh

View answer & explanation Ans: Muhammad Aurangzeb

Correct Answer: Muhammad Aurangzeb

The correct answer is Muhammad Aurangzeb, as asked in this question on Federal Finance Minister.

3

Topic Section

UEFA Champions League

1 solved MCQs shown directly below

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Q 18 Current Affairs UEFA Champions League

Which club won the UEFA Champions League 2024-25:

A

Barcelona

B

Real Madrid

C

Inter Milan

D

PSG

View answer & explanation Ans: PSG

Correct Answer: PSG

The correct answer is PSG, as asked in this question on UEFA Champions League.

4

Topic Section

Governor Of Punjab

1 solved MCQs shown directly below

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Q 19 Current Affairs Governor Of Punjab

Who is the current Governor of Punjab:

A

Baligh Ur Rehman

B

Sardar Saleem Haider Khan

C

Chaudhry Sarwar

D

Rafique Rajwana

View answer & explanation Ans: Sardar Saleem Haider Khan

Correct Answer: Sardar Saleem Haider Khan

The correct answer is Sardar Saleem Haider Khan, as asked in this question on Governor of Punjab.

Subject 4

Everyday Science

6 MCQs
1

Topic Section

Hydrogen Isotopes

1 solved MCQs shown directly below

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Q 20 Everyday Science Hydrogen Isotopes

Which radioactive isotope of hydrogen is used in nuclear studies:

A

Protium

B

Deuterium

C

Tritium

D

Helium-3

View answer & explanation Ans: Tritium

Correct Answer: Tritium

The correct answer is Tritium, as asked in this question on Hydrogen isotopes.

2

Topic Section

Blood Circulation

1 solved MCQs shown directly below

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Q 21 Everyday Science Blood Circulation

Blood circulation was discovered by:

A

Louis Pasteur

B

William Harvey

C

Thomas Edison

D

Robert Koch

View answer & explanation Ans: William Harvey

Correct Answer: William Harvey

The correct answer is William Harvey, as asked in this question on Blood circulation.

3

Topic Section

Earth Structure

1 solved MCQs shown directly below

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Q 22 Everyday Science Earth Structure

Which one is the outer part of the Earth:

A

Mantle

B

Crust

C

Core

D

Inner core

View answer & explanation Ans: Crust

Correct Answer: Crust

The correct answer is Crust, as asked in this question on Earth structure.

4

Topic Section

Urea Formation

1 solved MCQs shown directly below

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Q 23 Everyday Science Urea Formation

Where is urea formed in the human body:

A

Kidney

B

Liver

C

Pancreas

D

Spleen

View answer & explanation Ans: Liver

Correct Answer: Liver

The correct answer is Liver, as asked in this question on Urea formation.

5

Topic Section

Carbon Monoxide

1 solved MCQs shown directly below

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Q 24 Everyday Science Carbon Monoxide

Carbon monoxide has a stronger affinity to bind with which substance in blood:

A

Nitrogen

B

Haemoglobin

C

Oxygen

D

Carbon dioxide

View answer & explanation Ans: Haemoglobin

Correct Answer: Haemoglobin

The correct answer is Haemoglobin, as asked in this question on Carbon monoxide.

6

Topic Section

Iron Ore In Pakistan

1 solved MCQs shown directly below

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Q 25 Everyday Science Iron Ore In Pakistan

In which area of Pakistan is the largest iron ore reservoir found:

A

Swat

B

Chiniot

C

Ziarat

D

Mianwali

View answer & explanation Ans: Chiniot

Correct Answer: Chiniot

Latest official data from the Punjab Mines and Minerals Department confirms an internationally verified resource of about 250 million tonnes of iron ore (plus 15 million tonnes of copper) at Chiniot-Rajoa, whereas the Kalabagh (Mianwali) deposits are estimated at around 150 million tonnes pending detailed exploration, so Chiniot is the largest iron ore deposit in Pakistan.

Subject 5

Computer Science

4 MCQs
1

Topic Section

Computer Keys

1 solved MCQs shown directly below

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Q 26 Computer Science Computer Keys

Caps lock, Num lock are the example of which type of keys:

A

Function keys

B

Toggle keys

C

Navigation keys

D

Control keys

View answer & explanation Ans: Toggle keys

Correct Answer: Toggle keys

The correct answer is Toggle keys, as asked in this question on Computer keys.

2

Topic Section

Computer Communication

1 solved MCQs shown directly below

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Q 27 Computer Science Computer Communication

Data transfer between computers through which communication method:

A

Cable

B

Router

C

Protocol

D

Modem

View answer & explanation Ans: Protocol

Correct Answer: Protocol

The correct answer is Protocol, as asked in this question on Computer communication.

3

Topic Section

Operating System

1 solved MCQs shown directly below

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Q 28 Computer Science Operating System

What is the primary function of an operating system:

A

To create documents and spreadsheets

B

To manage hardware and software resources

C

To browse the internet

D

To design computer programs

View answer & explanation Ans: To manage hardware and software resources

Correct Answer: To manage hardware and software resources

The correct answer is To manage hardware and software resources, as asked in this question on Operating system.

4

Topic Section

MS Word Shortcut

1 solved MCQs shown directly below

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Q 29 Computer Science MS Word Shortcut

Which shortcut key is used for Centre alignment:

A

Ctrl+ L

B

Ctrl+ R

C

Ctrl+ J

D

Ctrl+ E

View answer & explanation Ans: Ctrl+ E

Correct Answer: Ctrl+ E

The correct answer is Ctrl+ E, as asked in this question on MS Word shortcut.

Subject 6

Mathematics

6 MCQs
1

Topic Section

Factorisation

1 solved MCQs shown directly below

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Q 30 Mathematics Factorisation

Factorize: x^2 + 16x + 63.

A

(x + 7)(x + 9)

B

(x + 7)(x + 8)

C

(x + 6)(x + 9)

D

(x + 3)(x + 4)

View answer & explanation Ans: (x + 7)(x + 9)

Correct Answer: (x + 7)(x + 9)

The correct answer is (x + 7)(x + 9), as asked in this question on Factorisation.

2

Topic Section

Speed And Distance

1 solved MCQs shown directly below

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Q 31 Mathematics Speed And Distance

A high-speed train travels at 200 km/h. If it leaves station A at 12:24 and reaches Station B at 14:12, find the distance.

A

320 km

B

360 km

C

400 km

D

240 km

View answer & explanation Ans: 360 km

Correct Answer: 360 km

The correct answer is 360 km, as asked in this question on Speed and distance.

3

Topic Section

Work And Time

1 solved MCQs shown directly below

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Q 32 Mathematics Work And Time

If 30 workers make 3000 units in 20 days, working 8 hrs a day, then 32 workers will produce 2000 units, working 10 hrs a day in how many days:

A

8 day

B

10 day

C

12 day

D

15 day

View answer & explanation Ans: 10 day

Correct Answer: 10 day

The correct answer is 10 day, as asked in this question on Work and time.

4

Topic Section

Bond YTM

1 solved MCQs shown directly below

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Q 33 Mathematics Bond YTM

A bond with a face value of $1,000, a coupon rate of 5%, a current price of $950, and 10 years to maturity. Its YTM is closest to:

A

4.53%

B

5.53%

C

7.53%

D

6.53%

View answer & explanation Ans: 5.53%

Correct Answer: 5.53%

The correct answer is 5.53%, as asked in this question on Bond YTM.

5

Topic Section

Rectangle Perimeter

1 solved MCQs shown directly below

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Q 34 Mathematics Rectangle Perimeter

If the length of rectangle is 58.7 m and width is 23.2 m. Find the perimeter of rectangle:

A

151 m

B

161 m

C

164 m

D

189 m

View answer & explanation Ans: 164 m

Correct Answer: 164 m

The correct answer is 164 m, as asked in this question on Rectangle perimeter.

6

Topic Section

Linear Equations

1 solved MCQs shown directly below

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Q 35 Mathematics Linear Equations

If y=2x and z=5y, then find x+3y+z:

A

17x

B

5

C

10

D

20

View answer & explanation Ans: 17x

Correct Answer: 17x

The correct answer is 17x, as asked in this question on Linear equations.

Subject 7

English

9 MCQs
1

Topic Section

Modal Verbs

1 solved MCQs shown directly below

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Q 36 English Modal Verbs

Which of the following is a modal verb:

A

Run

B

Must

C

Beautiful

D

Quickly

View answer & explanation Ans: Must

Correct Answer: Must

The correct answer is Must, as asked in this question on Modal verbs.

2

Topic Section

Synonyms

1 solved MCQs shown directly below

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Q 37 English Synonyms

Find the best similar word of the given word MELD:

A

Blend

B

Separate

C

Break

D

Scatter

View answer & explanation Ans: Blend

Correct Answer: Blend

The correct answer is Blend, as asked in this question on Synonyms.

3

Topic Section

Analogies

1 solved MCQs shown directly below

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Q 38 English Analogies

Which one is best relationship to complete a given structure: Moccasin:Snake :: ___ : Shoe

A

Alligator

B

Asp

C

Loafer

D

Wader

View answer & explanation Ans: Loafer

Correct Answer: Loafer

The correct answer is Loafer, as asked in this question on Analogies.

4

Topic Section

Passive Voice

1 solved MCQs shown directly below

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Q 39 English Passive Voice

Choose the best option of given sentence to make a passive voice: Bring the chair in the room.

A

The chair be brought in the room.

B

Let the chair be brought in the room

C

The chair is brought in the room.

D

Bringing the chair in the room.

View answer & explanation Ans: Let the chair be brought in the room

Correct Answer: Let the chair be brought in the room

The correct answer is Let the chair be brought in the room, as asked in this question on Passive voice.

5

Topic Section

Antonyms

1 solved MCQs shown directly below

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Q 40 English Antonyms

Select the best opposite word of capital word from given options IRASCIBLE:

A

Angry

B

Irritable

C

Placid

D

Moody

View answer & explanation Ans: Placid

Correct Answer: Placid

The correct answer is Placid, as asked in this question on Antonyms.

6

Topic Section

Idioms

1 solved MCQs shown directly below

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Q 41 English Idioms

Fill in blanks from best given options: A black plum is as sweet as ___ one.

A

White

B

Sugar

C

Honey

D

Salt

View answer & explanation Ans: White

Correct Answer: White

The correct answer is White, as asked in this question on Idioms.

7

Topic Section

Prepositions

1 solved MCQs shown directly below

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Q 42 English Prepositions

Complete the sentence: They picked them ___ the airport.

A

to

B

of

C

by

D

at

View answer & explanation Ans: at

Correct Answer: at

The correct answer is at, as asked in this question on Prepositions.

8

Topic Section

Modals

1 solved MCQs shown directly below

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Q 43 English Modals

We are taking exam, we ___ disturb them.

A

Should

B

Must

C

Will

D

Needn't

View answer & explanation Ans: Needn't

Correct Answer: Needn't

Although "mustn't" would be more natural in an examination context, it is not among the options, so "needn't" (meaning there is no need to disturb them) is the only grammatically and logically appropriate choice.

9

Topic Section

Grammar

1 solved MCQs shown directly below

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Q 44 English Grammar

Which one is best option of given sentence according to grammatical Punctuation:

A

Does Ahsan play football?

B

Does Ahsan plays football?

C

Did Ahsan play football?

D

No correction needed

View answer & explanation Ans: Does Ahsan play football?

Correct Answer: Does Ahsan play football?

The correct answer is Does Ahsan play football?, as asked in this question on Grammar.

Subject 8

Urdu

6 MCQs
1

Topic Section

Urdu Tenses

1 solved MCQs shown directly below

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Q 45 Urdu Urdu Tenses

وہ آیا تھا کس زمانے کی مثال ہے؟

A

ماضی قریب

B

ماضی بعید

C

ماضی شائع

D

حال

View answer & explanation Ans: ماضی بعید

Correct Answer: ماضی بعید

The correct answer is ماضی بعید, as asked in this question on Urdu tenses.

2

Topic Section

Urdu Punctuation

1 solved MCQs shown directly below

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Q 46 Urdu Urdu Punctuation

مختصر وقفے کے لیے کون سی علامت استعمال ہوتی ہے؟

A

؛

B

،

C

-

D

:

View answer & explanation Ans: ،

Correct Answer: ،

The correct answer is ،, as asked in this question on Urdu punctuation.

3

Topic Section

Urdu Synonyms

1 solved MCQs shown directly below

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Q 47 Urdu Urdu Synonyms

سکونت کا مترادف ہے؟

A

سفر

B

حرکت

C

جدائی

D

قیام

View answer & explanation Ans: قیام

Correct Answer: قیام

The correct answer is قیام, as asked in this question on Urdu synonyms.

4

Topic Section

Urdu Grammar

1 solved MCQs shown directly below

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Q 48 Urdu Urdu Grammar

وہ اسم جو خود تو مصدر سے بنے لیکن اس سے کوئی لفظ نہ بنے اسے کیا کہتے ہیں؟

A

اسم مشتق

B

مصدر

C

اسم جامد

D

اسم فاعل

View answer & explanation Ans: اسم مشتق

Correct Answer: اسم مشتق

The correct answer is اسم مشتق, as asked in this question on Urdu grammar.

5

Topic Section

Urdu Idioms

1 solved MCQs shown directly below

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Q 49 Urdu Urdu Idioms

آپے سے باہر ہونا کا درست مطلب ہے؟

A

سخت غصہ آنا

B

مل جل کر رہنا

C

خوش ہونا

D

پیار بڑھانا

View answer & explanation Ans: سخت غصہ آنا

Correct Answer: سخت غصہ آنا

The correct answer is سخت غصہ آنا, as asked in this question on Urdu idioms.

6

Topic Section

Urdu Vocabulary

1 solved MCQs shown directly below

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Q 50 Urdu Urdu Vocabulary

مطلع کے معنی کیا ہیں؟

A

طلوع ہونے کی جگہ

B

غروب ہونے کے بعد

C

درمیان کی جگہ

D

بلند جگہ

View answer & explanation Ans: طلوع ہونے کی جگہ

Correct Answer: طلوع ہونے کی جگہ

The correct answer is طلوع ہونے کی جگہ, as asked in this question on Urdu vocabulary.

Subject 9

Islamic Studies

4 MCQs
1

Topic Section

Islamic History

1 solved MCQs shown directly below

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Q 51 Islamic Studies Islamic History

Hazrat Hafsa R.A was the daughter of:

A

Hazrat Abu Bakr R.A

B

Hazrat Umar R.A

C

Hazrat Usman R.A

D

Hazrat Ali R.A

View answer & explanation Ans: Hazrat Umar R.A

Correct Answer: Hazrat Umar R.A

The correct answer is Hazrat Umar R.A, as asked in this question on Islamic history.

2

Topic Section

Compilation Of Quran

1 solved MCQs shown directly below

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Q 52 Islamic Studies Compilation Of Quran

In the era of Hazrat Abu Bakar RA, Hazrat Zaid bin Sabit RA was given the responsibility of:

A

Tadween-e-Quran

B

Compilation of Hadith

C

Bait-ul-Mal

D

Judiciary

View answer & explanation Ans: Tadween-e-Quran

Correct Answer: Tadween-e-Quran

The correct answer is Tadween-e-Quran, as asked in this question on Compilation of Quran.

3

Topic Section

Battle Of Khyber

1 solved MCQs shown directly below

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Q 53 Islamic Studies Battle Of Khyber

Which fort did Hazrat Ali (R.A.) conquer in the Battle of Khyber:

A

Qamoos Fort

B

Khyber Fort

C

Khaybar Fort

D

Uhud Fort

View answer & explanation Ans: Qamoos Fort

Correct Answer: Qamoos Fort

The correct answer is Qamoos Fort, as asked in this question on Battle of Khyber.

4

Topic Section

Quranic Terms

1 solved MCQs shown directly below

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Q 54 Islamic Studies Quranic Terms

قرآن پاک کے وہ الفاظ جن کا ظاہری معنی اور مفہوم عام انسان کی عقل و فہم سے بالاتر ہو، ان کو کیا کہتے ہیں؟

A

حروف مقطعات

B

کلمات

C

آیات الاحکام

D

ان میں سے کوئی نہیں

View answer & explanation Ans: حروف مقطعات

Correct Answer: حروف مقطعات

The correct answer is حروف مقطعات, as asked in this question on Quranic terms.

Subject 10

Economics

46 MCQs
1

Topic Section

Machine Learning

1 solved MCQs shown directly below

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Q 55 Economics Machine Learning

In which field is Machine Learning widely used:

A

Agriculture

B

Financial Analytics

C

Law only

D

Manual Accounting

View answer & explanation Ans: Financial Analytics

Correct Answer: Financial Analytics

The correct answer is Financial Analytics, as asked in this question on Machine Learning.

2

Topic Section

Sales Tax Zero Rating

1 solved MCQs shown directly below

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Q 56 Economics Sales Tax Zero Rating

What does the Zero-Rating Principle mean:

A

Goods are fully exempt from tax

B

Goods are taxable but taxed at 0% rate

C

Goods are taxed at highest rate

D

Tax is charged on imports only

View answer & explanation Ans: Goods are taxable but taxed at 0% rate

Correct Answer: Goods are taxable but taxed at 0% rate

The correct answer is Goods are taxable but taxed at 0% rate, as asked in this question on Sales tax zero-rating.

3

Topic Section

Company Law

1 solved MCQs shown directly below

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Q 57 Economics Company Law

What is meant by a company:

A

A group of friends doing business

B

A sole trader business

C

An entity incorporated under any law

D

A government department

View answer & explanation Ans: An entity incorporated under any law

Correct Answer: An entity incorporated under any law

The correct answer is An entity incorporated under any law, as asked in this question on Company law.

4

Topic Section

Taxable Services

1 solved MCQs shown directly below

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Q 58 Economics Taxable Services

What is the value of a taxable service:

A

Cost of production

B

Market price only

C

Consideration received

D

Profit earned

View answer & explanation Ans: Consideration received

Correct Answer: Consideration received

The correct answer is Consideration received, as asked in this question on Taxable services.

5

Topic Section

Tax Adjustment

1 solved MCQs shown directly below

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Q 59 Economics Tax Adjustment

What is the maximum tax adjustment allowed:

A

50% of output tax

B

75% of output tax

C

90% of output tax

D

100% of output tax

View answer & explanation Ans: 90% of output tax

Correct Answer: 90% of output tax

The correct answer is 90% of output tax, as asked in this question on Tax adjustment.

6

Topic Section

Duration Gap

1 solved MCQs shown directly below

No Dropdown
Q 60 Economics Duration Gap

A bank has assets with 5-year duration and liabilities with 2-year duration. What is the duration gap:

A

1 year

B

2 years

C

3 years

D

6 years

View answer & explanation Ans: 3 years

Correct Answer: 3 years

The correct answer is 3 years, as asked in this question on Duration gap.

7

Topic Section

Currency Options

1 solved MCQs shown directly below

No Dropdown
Q 61 Economics Currency Options

If a U.S. firm has €3 million payable, what option should it buy:

A

Put Option

B

Call Option

C

Futures Contract to sell Euros

D

Stock Option

View answer & explanation Ans: Call Option

Correct Answer: Call Option

The correct answer is Call Option, as asked in this question on Currency options.

8

Topic Section

OECD Principles

1 solved MCQs shown directly below

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Q 62 Economics OECD Principles

According to OECD principles, what must institutional investors disclose:

A

Their personal income details

B

Their voting policies and conflict of interest management

C

Only their trading profits

D

Their tax returns

View answer & explanation Ans: Their voting policies and conflict of interest management

Correct Answer: Their voting policies and conflict of interest management

The correct answer is Their voting policies and conflict of interest management, as asked in this question on OECD principles.

9

Topic Section

Preference Shares

1 solved MCQs shown directly below

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Q 63 Economics Preference Shares

What happens in preferred stock with non-cumulative dividends:

A

Unpaid dividends are carried forward

B

Unpaid dividends do not accumulate

C

Dividends increase next year automatically

D

Dividends become common stock dividends

View answer & explanation Ans: Unpaid dividends do not accumulate

Correct Answer: Unpaid dividends do not accumulate

The correct answer is Unpaid dividends do not accumulate, as asked in this question on Preference shares.

10

Topic Section

Variable Costing

1 solved MCQs shown directly below

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Q 64 Economics Variable Costing

In variable costing, how is segment margin calculated:

A

Sales - Total expenses (variable + fixed)

B

Contribution margin - Traceable fixed costs

C

Contribution margin - Common fixed costs

D

Sales - Variable costs only

View answer & explanation Ans: Contribution margin - Traceable fixed costs

Correct Answer: Contribution margin - Traceable fixed costs

The correct answer is Contribution margin - Traceable fixed costs, as asked in this question on Variable costing.

11

Topic Section

Capital Expenditure

1 solved MCQs shown directly below

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Q 65 Economics Capital Expenditure

What is Capital Expenditure:

A

Day-to-day expenses of business

B

Expenses incurred for buying long-term assets

C

Salary paid to employees

D

Office rent paid monthly

View answer & explanation Ans: Expenses incurred for buying long-term assets

Correct Answer: Expenses incurred for buying long-term assets

The correct answer is Expenses incurred for buying long-term assets, as asked in this question on Capital expenditure.

12

Topic Section

Hedging

1 solved MCQs shown directly below

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Q 66 Economics Hedging

What is the purpose of hedging:

A

To increase profit without risk

B

To eliminate all financial losses completely

C

To reduce or manage risk of adverse price movements

D

To avoid paying taxes

View answer & explanation Ans: To reduce or manage risk of adverse price movements

Correct Answer: To reduce or manage risk of adverse price movements

The correct answer is To reduce or manage risk of adverse price movements, as asked in this question on Hedging.

13

Topic Section

Working Capital

1 solved MCQs shown directly below

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Q 67 Economics Working Capital

What is Working Capital:

A

Fixed Assets - Current Liabilities

B

Current Assets - Current Liabilities

C

Current Liabilities - Current Assets

D

Total Assets - Total Liabilities

View answer & explanation Ans: Current Assets - Current Liabilities

Correct Answer: Current Assets - Current Liabilities

The correct answer is Current Assets - Current Liabilities, as asked in this question on Working capital.

14

Topic Section

Fixed Assets

1 solved MCQs shown directly below

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Q 68 Economics Fixed Assets

Resources providing long-term benefits are called:

A

Current Assets

B

Fixed Assets

C

Liquid Assets

D

Current Liabilities

View answer & explanation Ans: Fixed Assets

Correct Answer: Fixed Assets

The correct answer is Fixed Assets, as asked in this question on Fixed assets.

15

Topic Section

Accounting Equation

1 solved MCQs shown directly below

No Dropdown
Q 69 Economics Accounting Equation

What is the Accounting Equation:

A

Assets = Liabilities + Equity

B

Assets = Equity - Liabilities

C

Liabilities = Assets + Equity

D

Equity = Assets + Expenses

View answer & explanation Ans: Assets = Liabilities + Equity

Correct Answer: Assets = Liabilities + Equity

The correct answer is Assets = Liabilities + Equity, as asked in this question on Accounting equation.

16

Topic Section

Contribution Margin

1 solved MCQs shown directly below

No Dropdown
Q 70 Economics Contribution Margin

What is Contribution Margin:

A

Sales - Fixed Cost

B

Sales - Variable Cost

C

Profit - Expenses

D

Revenue - Total Cost

View answer & explanation Ans: Sales - Variable Cost

Correct Answer: Sales - Variable Cost

The correct answer is Sales - Variable Cost, as asked in this question on Contribution margin.

17

Topic Section

Contingent Liabilities

1 solved MCQs shown directly below

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Q 71 Economics Contingent Liabilities

What is a contingent liability:

A

A liability that is always recorded in the balance sheet

B

An obligation that may or may not materialize

C

A confirmed debt payable immediately

D

A type of fixed asset

View answer & explanation Ans: An obligation that may or may not materialize

Correct Answer: An obligation that may or may not materialize

The correct answer is An obligation that may or may not materialize, as asked in this question on Contingent liabilities.

18

Topic Section

Treasury Stock

1 solved MCQs shown directly below

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Q 72 Economics Treasury Stock

What is Treasury Stock:

A

Shares issued to public and permanently outstanding

B

Shares issued only to employees as bonus

C

Government-owned shares in a company

D

Shares of a company repurchased and held by the company itself

View answer & explanation Ans: Shares of a company repurchased and held by the company itself

Correct Answer: Shares of a company repurchased and held by the company itself

The correct answer is Shares of a company repurchased and held by the company itself, as asked in this question on Treasury stock.

19

Topic Section

Time Value Of Money

1 solved MCQs shown directly below

No Dropdown
Q 73 Economics Time Value Of Money

What is the Time Value of Money (TVM):

A

Money today is worth more than the same amount in future

B

Money loses value over time due to inflation only

C

Future money is always equal to present money

D

Money has no time-based value

View answer & explanation Ans: Money today is worth more than the same amount in future

Correct Answer: Money today is worth more than the same amount in future

The correct answer is Money today is worth more than the same amount in future, as asked in this question on Time value of money.

20

Topic Section

Inherent Risk

1 solved MCQs shown directly below

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Q 74 Economics Inherent Risk

What is a source of inherent risk:

A

Strong internal audit system

B

Human error

C

External confirmation

D

Audit planning procedures

View answer & explanation Ans: Human error

Correct Answer: Human error

The correct answer is Human error, as asked in this question on Inherent risk.

21

Topic Section

Creative Accounting

1 solved MCQs shown directly below

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Q 75 Economics Creative Accounting

What is Financial Statement Manipulation called:

A

Financial Analysis

B

Financial Reporting

C

Creative Accounting

D

Budgeting

View answer & explanation Ans: Creative Accounting

Correct Answer: Creative Accounting

The correct answer is Creative Accounting, as asked in this question on Creative accounting.

22

Topic Section

Cost Of Capital

1 solved MCQs shown directly below

No Dropdown
Q 76 Economics Cost Of Capital

What is the Cost of Capital:

A

Total profit earned by a business

B

Required rate of return on investments

C

Cost of producing goods only

D

Dividend paid to shareholders

View answer & explanation Ans: Required rate of return on investments

Correct Answer: Required rate of return on investments

The correct answer is Required rate of return on investments, as asked in this question on Cost of capital.

23

Topic Section

Currency Appreciation

1 solved MCQs shown directly below

No Dropdown
Q 77 Economics Currency Appreciation

What is Appreciation of Currency:

A

Decrease in value of domestic currency

B

Increase in value of domestic currency against foreign currency

C

Increase in inflation rate

D

Decrease in export prices

View answer & explanation Ans: Increase in value of domestic currency against foreign currency

Correct Answer: Increase in value of domestic currency against foreign currency

The correct answer is Increase in value of domestic currency against foreign currency, as asked in this question on Currency appreciation.

24

Topic Section

Security Market Line

1 solved MCQs shown directly below

No Dropdown
Q 78 Economics Security Market Line

What does the Security Market Line (SML) represent:

A

Relationship between risk and return for all possible portfolios

B

Relationship between systematic risk (beta) and expected return

C

Relationship between interest rate and inflation

D

Relationship between dividend and earnings

View answer & explanation Ans: Relationship between systematic risk (beta) and expected return

Correct Answer: Relationship between systematic risk (beta) and expected return

The correct answer is Relationship between systematic risk (beta) and expected return, as asked in this question on Security Market Line.

25

Topic Section

Risk Return Tradeoff

1 solved MCQs shown directly below

No Dropdown
Q 79 Economics Risk Return Tradeoff

What is the Risk-Return Trade-off:

A

Higher risk leads to lower return

B

Risk and return are unrelated

C

Higher risk is associated with higher expected return

D

Return is fixed regardless of risk

View answer & explanation Ans: Higher risk is associated with higher expected return

Correct Answer: Higher risk is associated with higher expected return

The correct answer is Higher risk is associated with higher expected return, as asked in this question on Risk-return tradeoff.

26

Topic Section

Sales Tax Authority Punjab

1 solved MCQs shown directly below

No Dropdown
Q 80 Economics Sales Tax Authority Punjab

Which authority collects Sales Tax on Services in Punjab:

A

Federal Board of Revenue (FBR)

B

SBP

C

SECP

D

PRA

View answer & explanation Ans: PRA

Correct Answer: PRA

The correct answer is PRA, as asked in this question on Sales tax authority Punjab.

27

Topic Section

Tax Rate Change

1 solved MCQs shown directly below

No Dropdown
Q 81 Economics Tax Rate Change

What happens when the tax rate changes:

A

No action is required

B

A separate return is filed for the changed period

C

Previous tax returns are cancelled

D

Tax collection stops

View answer & explanation Ans: A separate return is filed for the changed period

Correct Answer: A separate return is filed for the changed period

The correct answer is A separate return is filed for the changed period, as asked in this question on Tax rate change.

28

Topic Section

Accounting Concepts

1 solved MCQs shown directly below

No Dropdown
Q 82 Economics Accounting Concepts

The concept that divides the continuous life of this indefinite business into equal time periods to measure performance is:

A

Going Concern Concept

B

Accounting Period Concept

C

Matching Concept

D

Cost Concept

View answer & explanation Ans: Accounting Period Concept

Correct Answer: Accounting Period Concept

The correct answer is Accounting Period Concept, as asked in this question on Accounting concepts.

29

Topic Section

Synergy

1 solved MCQs shown directly below

No Dropdown
Q 83 Economics Synergy

What is Synergy:

A

A decrease in company value after merger

B

The combined effect being greater than the sum of individual effects

C

Separation of business activities

D

Reduction in production cost only

View answer & explanation Ans: The combined effect being greater than the sum of individual effects

Correct Answer: The combined effect being greater than the sum of individual effects

The correct answer is The combined effect being greater than the sum of individual effects, as asked in this question on Synergy.

30

Topic Section

Financial Management

1 solved MCQs shown directly below

No Dropdown
Q 84 Economics Financial Management

Production decisions are generally not the responsibility of whom:

A

Production Manager

B

Operations Manager

C

Marketing Manager

D

Financial Manager

View answer & explanation Ans: Financial Manager

Correct Answer: Financial Manager

The correct answer is Financial Manager, as asked in this question on Financial management.

31

Topic Section

Sales Tax Liability

1 solved MCQs shown directly below

No Dropdown
Q 85 Economics Sales Tax Liability

Who is liable to pay sales tax on services:

A

Buyer of services

B

Service provider

C

Government

D

Exporter only

View answer & explanation Ans: Service provider

Correct Answer: Service provider

The correct answer is Service provider, as asked in this question on Sales tax liability.

32

Topic Section

Economic Activities

1 solved MCQs shown directly below

No Dropdown
Q 86 Economics Economic Activities

Which activity is not considered an economic activity:

A

Farming

B

Trading

C

Manufacturing

D

Recreational activity

View answer & explanation Ans: Recreational activity

Correct Answer: Recreational activity

The correct answer is Recreational activity, as asked in this question on Economic activities.

33

Topic Section

SMEs

1 solved MCQs shown directly below

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Q 87 Economics SMEs

SMEs contribute to:

A

Only large-scale exports

B

Employment and economic growth

C

Government borrowing

D

Foreign debt increase

View answer & explanation Ans: Employment and economic growth

Correct Answer: Employment and economic growth

The correct answer is Employment and economic growth, as asked in this question on SMEs.

34

Topic Section

Tax Deductible Expenses

1 solved MCQs shown directly below

No Dropdown
Q 88 Economics Tax Deductible Expenses

Which expense is tax deductible:

A

Personal expenses

B

Interest expense

C

Capital purchase of asset

D

Drawings

View answer & explanation Ans: Interest expense

Correct Answer: Interest expense

The correct answer is Interest expense, as asked in this question on Tax-deductible expenses.

35

Topic Section

Income Tax

1 solved MCQs shown directly below

No Dropdown
Q 89 Economics Income Tax

Tax on salaries is categorized under:

A

Sales Tax

B

Excise Duty

C

Income Tax

D

Customs Duty

View answer & explanation Ans: Income Tax

Correct Answer: Income Tax

The correct answer is Income Tax, as asked in this question on Income tax.

36

Topic Section

Net Assets

1 solved MCQs shown directly below

No Dropdown
Q 90 Economics Net Assets

Net Assets equal:

A

Total Liabilities - Total Assets

B

Total Assets - Total Liabilities

C

Capital + Drawings

D

Revenue - Expenses

View answer & explanation Ans: Total Assets - Total Liabilities

Correct Answer: Total Assets - Total Liabilities

The correct answer is Total Assets - Total Liabilities, as asked in this question on Net assets.

37

Topic Section

Prime Cost

1 solved MCQs shown directly below

No Dropdown
Q 91 Economics Prime Cost

Prime Cost consists of:

A

Direct materials + Direct labour + Direct expenses

B

Indirect materials + Indirect labour

C

Factory overhead only

D

Selling and distribution cost

View answer & explanation Ans: Direct materials + Direct labour + Direct expenses

Correct Answer: Direct materials + Direct labour + Direct expenses

The correct answer is Direct materials + Direct labour + Direct expenses, as asked in this question on Prime cost.

38

Topic Section

Vertical Analysis

1 solved MCQs shown directly below

No Dropdown
Q 92 Economics Vertical Analysis

Vertical Analysis uses which year's figures as a base:

A

Current year figures

B

Previous year figures

C

Base year method

D

None of these

View answer & explanation Ans: Current year figures

Correct Answer: Current year figures

The correct answer is Current year figures, as asked in this question on Vertical analysis.

39

Topic Section

Net Profit Margin

1 solved MCQs shown directly below

No Dropdown
Q 93 Economics Net Profit Margin

What does Net Profit Margin indicate:

A

Total sales

B

Profitability

C

Cash available

D

Total assets efficiency

View answer & explanation Ans: Profitability

Correct Answer: Profitability

The correct answer is Profitability, as asked in this question on Net profit margin.

40

Topic Section

Short Tax

1 solved MCQs shown directly below

No Dropdown
Q 94 Economics Short Tax

What is Short Tax Paid:

A

Excess tax paid to government

B

Tax paid more than liability

C

Tax paid less than the actual tax liability

D

Tax refunded by government

View answer & explanation Ans: Tax paid less than the actual tax liability

Correct Answer: Tax paid less than the actual tax liability

The correct answer is Tax paid less than the actual tax liability, as asked in this question on Short tax.

41

Topic Section

Value At Risk

1 solved MCQs shown directly below

No Dropdown
Q 95 Economics Value At Risk

What does VaR of Rs. 5 million at 99% confidence mean:

A

Loss will always be Rs. 5 million

B

Profit will be Rs. 5 million

C

Loss is not expected to exceed Rs. 5 million with 99% confidence

D

Loss will exceed Rs. 5 million with 99% confidence

View answer & explanation Ans: Loss is not expected to exceed Rs. 5 million with 99% confidence

Correct Answer: Loss is not expected to exceed Rs. 5 million with 99% confidence

The correct answer is Loss is not expected to exceed Rs. 5 million with 99% confidence, as asked in this question on Value at Risk.

42

Topic Section

Debentures

1 solved MCQs shown directly below

No Dropdown
Q 96 Economics Debentures

A company that does not want to dilute ownership may issue:

A

Equity shares

B

Preference shares

C

Debentures

D

Stock dividends

View answer & explanation Ans: Debentures

Correct Answer: Debentures

The correct answer is Debentures, as asked in this question on Debentures.

43

Topic Section

Capital Budgeting

1 solved MCQs shown directly below

No Dropdown
Q 97 Economics Capital Budgeting

What is Capital Budgeting:

A

Day-to-day expense management

B

Planning and evaluation of long-term investment projects

C

Calculation of profit and loss

D

Management of current assets only

View answer & explanation Ans: Planning and evaluation of long-term investment projects

Correct Answer: Planning and evaluation of long-term investment projects

The correct answer is Planning and evaluation of long-term investment projects, as asked in this question on Capital budgeting.

44

Topic Section

Cash Flow

1 solved MCQs shown directly below

No Dropdown
Q 98 Economics Cash Flow

What does Cash Flow measure:

A

Profitability

B

Liquidity of a business

C

Market share

D

Fixed assets value

View answer & explanation Ans: Liquidity of a business

Correct Answer: Liquidity of a business

The correct answer is Liquidity of a business, as asked in this question on Cash flow.

45

Topic Section

Payback Period

1 solved MCQs shown directly below

No Dropdown
Q 99 Economics Payback Period

What is the Payback Period:

A

Time required to recover initial investment cost from cash inflows

B

Time required to earn profit after tax

C

Time required to calculate depreciation

D

Time required to double investment

View answer & explanation Ans: Time required to recover initial investment cost from cash inflows

Correct Answer: Time required to recover initial investment cost from cash inflows

The correct answer is Time required to recover initial investment cost from cash inflows, as asked in this question on Payback period.

46

Topic Section

Prepaid Expenses

1 solved MCQs shown directly below

No Dropdown
Q 100 Economics Prepaid Expenses

What is the journal entry for prepaid expenses:

A

Debit Expense Account and Credit Cash Account

B

Debit Prepaid Expense Account and Credit Expense Account

C

Debit Cash Account and Credit Prepaid Expense Account

D

Debit Expense Account and Credit Prepaid Expense Account

View answer & explanation Ans: Debit Prepaid Expense Account and Credit Expense Account

Correct Answer: Debit Prepaid Expense Account and Credit Expense Account

The correct answer is Debit Prepaid Expense Account and Credit Expense Account, as asked in this question on Prepaid expenses.

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