MGT401 MCQs and Past Papers

MGT 401 MGT 401 MGT 401 MGT 401 Quiz Quiz Quiz Quiz 27, 27, 27, 27,April, 2011 April, 2011 April, 2011 April, 2011

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Quiz Start Time: 01:33 PM Time Left 74 sec(s)

Question # 1 of 15 ( Start time: 01:33:11 PM ) Total Marks: 1 Which of the following is(are) example(s) of Borrowing costs? Select correct option:

Interest on bank overdrafts Interest on short-term borrowings Interest on long-term borrowings All of the given options


Question # 2 of 15 ( Start time: 01:34:18 PM ) Total Marks: 1 Which of the following sections of the Companies Ordinance 1984 is related to the Statutory Meeting? Select correct option:

Section 157 Section 158 Section 159 Section 160


Question # 3 of 15 ( Start time: 01:35:16 PM ) Total Marks: 1 Which company is required to represent financial statements after every three, six and twelve months to SECP and shareholders by Companies Ordinance 1984? Select correct option:

Public Listed Company Public Unlisted Company Single Member Company Private Unlisted Company


Question # 4 of 15 ( Start time: 01:36:42 PM ) Total Marks: 1 Which of the following is/are example(s) of research activities? Select correct option:

Activities aimed at obtaining new knowledge The search, evaluation, final selection and application of research findings The search for alternatives All of the given options


Question # 5 of 15 ( Start time: 01:37:34 PM ) Total Marks: 1 In case of calling Extraordinary General Meeting (EOGM), at least how much voting right is required by any director or share holder of a company according to Companies Ordinance 1984? Select correct option:

5% voting rights 10% voting rights 15% voting rights

20% voting rights

Zohaib ButtSticky Note

Zohaib ButtHighlight


Question # 6 of 15 ( Start time: 01:39:01 PM ) Total Marks: 1 Who elect the Managing Director of a company? Select correct option:

Board of Managers Board of Employees Board of Directors Board of Revenue


Question # 7 of 15 ( Start time: 01:40:20 PM ) Total Marks: 1 Which one of the following is TRUE with respect to FIFO in inventory valuation? Select correct option:

First-In-First-Out First-In-Freight-Out Freight-In-First-Out Freight-In-Freight-Out


Question # 8 of 15 ( Start time: 01:40:44 PM ) Total Marks: 1 Which one of the following type(s) of information is(are) available in 4th and 5th schedule of the Companies Ordinance 1984? Select correct option:

Definitions and general requirements for preparation and presentation of financial statements Requirements for Balance Sheet Requirements for Profit and Loss Account

All of the given options


Question # 9 of 15 ( Start time: 01:41:07 PM ) Total Marks: 1 Which of the following IAS affect(s) the recognition, presentation and discourse of fixed assets in financial statements? Select correct option:

IAS 01 IAS 16 IAS 23 All of the given options


Question # 10 of 15 ( Start time: 01:42:34 PM ) Total Marks: 1 Which of the following IAS deals with Inventories? Select correct option:

IAS 38 IAS 23 IAS 02 IAS 16


Question # 11 of 15 ( Start time: 01:43:53 PM ) Total Marks: 1 According to Companies Ordinance 1984, at least what percentage of majority favor is required to pass the "Special Resolution"?

Select correct option:

45% 60% 75% 90%


Question # 12 of 15 ( Start time: 01:45:24 PM ) Total Marks: 1 LIFO means? Select correct option:

Last-In-First-Out Large Integrated Financial Organization The Last-In-First-Out method of approximating the cost of stock


Question # 13 of 15 ( Start time: 01:45:41 PM ) Total Marks: 1 Company ABC is limited by shares which incorporated in the year of 2005. At the time of incorporation, the Memorandum of Association was developed according to which section of Companies Ordinance 1984? Select correct option:

Section 16 Section 17 Section 18 Section 19


Question # 14 of 15 ( Start time: 01:47:12 PM ) Total Marks: 1 Which of the following business is formed by the approval of State Bank of Pakistan? Select correct option:


Zohaib ButtHighlightZohaib ButtSection 16 Memorandum of company limited by shares.





Zohaib ButtSticky NoteSection 16 Memorandum of company limited by shares.-


Money Exchange Company Non Banking Finance Corporation Trade organization u/s 42 of the Companies ordinance 1984 Corporate Brokerage House


Question # 15 of 15 ( Start time: 01:48:39 PM ) Total Marks: 1 Which of the following is the deduction or allowance allowed by a creditor to a debtor? Select correct option:

Trade Discount Cash Discount Purchases return Sales return

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MGT401 MCQs and Past Papers