MCQ Bank
Damage or any loss to a property during construction is called:
- A) Retrospectively Rated Insurance
- B) Builder's risk insurance
- C) Pollution Insurance
- D) Social insurance
Revolving credit scheme was introduced in which of the following year?
- A) 2003
- B) 2005
- C) 2000
- D) 2001
Which of the following is NOT the bank who has been assigned the indicative targets of agricultural credit scheme?
- A) NIB
- B) UBL
- C) NBP
- D) MCB
Short term loans for the agricultural sector are provided for _____ years.
- A) 2
- B) 2.5
- C) 1.5
- D) 1
Another name of the boiler insurance is:
- A) Aviation insurance
- B) Business insurance
- C) Liability insurance
- D) Equipment breakdown
Which type of Loans are being provided by agriculture Banks?
- A) Short term loans
- B) Medium term loans
- C) All of the given options
- D) Long term loans
How much elements are there in order to calculate the loss?
- A) 4
- B) 3
- C) 2
- D) 5
Which type of insurance covers the loss or damage of ships at sea or on inland waterways?
- A) Property insurance
- B) Health insurance
- C) Aviation insurance
- D) Marine insurance
The aim of cash budget refers to:
- A) Maximum availability of sales
- B) Maximum availability of cash
- C) All of the given options
- D) Maximum availability of income
In Which budget, the expenditures detail is provided but activities are given little attention?
- A) Cash budget
- B) Sales budget
- C) Production budget
- D) Line item budget
Direct wages are considered as:
- A) Opportunity costs
- B) Non-variable costs
- C) Sunk costs
- D) Variable costs
Elimination of non-value added activities is considered in which of the following costing approach?
- A) Benchmarking
- B) Kaizen costing
- C) Zero based budgeting
- D) Just-in-time
The matching concept considers which of the following item(s):
- A) All of the given options
- B) Expenses
- C) Related cash flows
- D) Revenues
Which of the following item(s) is(are) considered in activity based performance report?
- A) Research and development
- B) All of the given options
- C) Scheduling existing and new production run
- D) Staff training
No optimum relationship can be determined between ______________ costs and their output level.
- A) discritonary
- B) operating
- C) budgeted
- D) flexible
Deduction of profit from selling price is considered in _________.
- A) domestic transfer pricing
- B) arm length principle
- C) All of the given options
- D) negotiated transfer pricing
In which of the following budgets, the expenditures detail is provided but activities are given little attention?
- A) Line item budget
- B) Production budget
- C) Sales budget
- D) Cash budget
____________ budgeting approach requires managers to identify incremental activities that will be subject to any changes in the budgets level.
- A) activity-based
- B) zero-based
- C) Priority incremental
- D) discretionary
Which of the following is(are) NOT considered as a cost driver?
- A) Salaries
- B) Travel cost
- C) Rent of the building
- D) All of the given options
ABCM stands for:
- A) Activity based cost management
- B) Action based cost measurement
- C) Action based cost management
- D) Activity based cost measurement