NAT IIM Management Science Finance & Accounting Online Test for Pakistani Students

Top Scorers Of NAT II Management Science Finance & Accounting MCQ`s Test

Sr.#	Question	Answer
1	Which one is non-manufacturing costs?	A. Direct material cost B. Labour cost C. Research and development cost D. All of above
2	Loss which arises due to ----------- is known as abnormal loss	A. Breakage of goods B. Leakage C. Fire D. Shrinkage
3	Variable cost and fixed cost have been treated as product cost in	A. Absorption costing B. Direct costing C. Full costing D. All of above
4	Difference in cost of alternative choices is called	A. Total costing B. Differential costing C. Full costing D. Variable costing
5	The technique and process of ascertaining cost is termed as	A. Costing B. Cost accounting C. Calculation of cost D. Controlling cost
6	Work in process opening and closing inventory includes:-	A. Arterial in process B. Labour in process C. F.o.H in process D. All of the above
7	A credit purchases are:	A. If goods purchased and payment made at the same time B. If goods purchased and payment not made at the same time C. If goods sold and payment receive at the same time D. If goods sold and payment not receive at the same time
8	Quick assets are	A. Cash in hand B. Cash at bank C. Debtors D. All of the above
9	Goodwill is ----------- for company.	A. Intangible asset B. Fixed asset C. Current asset D. Quick asset
10	Material are charged to production at actual cost under	A. Weighted average method B. FIFO method C. LIFO method D. Both ii & iii