Mock Test for MS Aspirants

An educational setting with a diverse group of students taking a quiz, surrounded by books, laptops, and study materials, with a focus on accounting and finance themes.

Master Your Knowledge: MS Aspirants Quiz

Welcome to the Mock Test for MS Aspirants! This quiz is designed to test your understanding of key concepts related to accounting, finance, and law. Whether you are preparing for higher studies or just want to evaluate your knowledge, this quiz is perfect for you.

Get ready to challenge yourself with:

10 thought-provoking questions
Multiple choice format to enhance your learning
Immediate scoring to assess your performance

10 Questions2 MinutesCreated by LearningEagle32

Which one of the following is a solvency ratio?

Acid-Test Ratio

Debt to equity ratio

Current ratio

None of these

Double entry system was introduced by

Joseph H. Hawker

J.P. Martial

Locus Pacioli

None of these

Zain makes a promise to Akbar that he will pay ONE Million rupees to Akbar he brings the moon on earth. This is an example of:

Valid contract

Void agreement

Voidable contract

Illegal agreement

Which one of the following is not negotiable instrument?

Promisory note

I-owe-you

Traveler's cheque

All of these

The supreme institute in tax matters is

Federal Board of Revenue

Supreme court of pakistan

Federal Tax court

Appellant Tribunal

Statutory report is compulsory for:

All companies

Public companies

Private companies

None of these

Ahmad transfers the possession of 5 tola gold to Asghar as a security against acquired debt, is example of:

Pledge

Mortgage

Hypothecation

Bailment

Which district, kartarpur corridor is situated in?

Sialkot

Narowal

Lahore

None of these

Mock Test for MS Aspirants

Master Your Knowledge: MS Aspirants Quiz

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