Author Archives: Aban Cheema

Current assets include

A. Debtors
B. Stocks
C. Patents
D. Both A and B

Which disease is more common in males than females?

A. Heart Diseases
B. Dementia
C. Colour blindness
D. Herpes

In which continent there is no glacier?

A. Africa
B. Australia
C. Asia
D. North America

Lion’s share of UN’s budget is being spent on

A. Diseases
B. Natural disasters
C. Peace
D. Poverty

When the stock market is down falling called:

A. Bullish
B. Bearish
C. Falling
D. Crashing

Home trade does not involve:

A. Whole seller
B. Retailer
C. Producer
D. Importer

An unauthorized contract between a purported agent and a third party that is not ratified by the “principal” is binding on the

A. “Agent” only.
B. “Principal” only
C. Both on the agent and the principle.
D. None of the above

The liabilities of a partnership may include

A. Amounts owed to partners for their capital contributions
B. loans to the partnership
C. Amount that a partner may owe to another partner
D. Both ‘A’ and ‘B’

The maximum number of partners in a partnership under Pakistani law is:

A. 10
B. 15
C. 20
D. 25

Loss of goods by fire should be credited to

A. Loss of goods by fire in account
B. Sales account
C. Purchases account
D. Bad debts account