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	What is negotiable instrument?	A. A document which is not transferable B. A document which is transferable C. A document which is accepted D. None
2	Difference in cost of alternative choices is called	A. Total costing B. Differential costing C. Full costing D. Variable costing
3	Deferred liabilities are debts which are repayable less than ----------	A. One month B. Six month C. One year D. None
4	Which one is not a functional classification?	A. Manufacturing cost B. Marketing cost C. Finance cost D. Mixed cost
5	Goodwill is ----------- for company.	A. Intangible asset B. Fixed asset C. Current asset D. Quick asset
6	The objective of financial accounting is to ascertain:	A. True results of profit B. True results of loss C. True results of profit or loss D. None
7	Sales prices is calculated as follow:-	A. Cost + operating expense B. Direct material + Direct labour + F.o.H C. Cost + operating expenses + profit D. None of above
8	Tenor is the period of time ------------ which a bill becomes payable	A. Before B. After C. Both a and b D. None
9	Material are charged to production at actual cost under	A. Weighted average method B. FIFO method C. LIFO method D. Both ii & iii
10	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