FPSC VICE PRINCIPAL MOCK TEST 1 FOR FPSC EXAMS Archives

Which is antivirus software?

A. Norton

B. Windows

C. Linux

D. MacOS

Correct answer is: A. Norton

Norton protects against viruses

Which is a short-term financial decision?

A. Capital budgeting

B. Dividend policy

C. Working capital management

D. Mergers

Correct answer is: C. Working capital management

Short-term finance manages daily operations

Which is a programming language?

A. Python

B. Excel

C. Word

D. PowerPoint

Correct answer is: A. Python

Python is a programming language

What is dividend?

A. Loan amount

B. Profit distributed to shareholders

C. Expense payment

D. Tax amount

Correct answer is: B. Profit distributed to shareholders

Dividend is return to shareholders

Which characteristic describes computer speed?

A. Milliseconds

B. Seconds

C. Minutes

D. Hours

Correct answer is: A. Milliseconds

Computers operate in fractions of seconds

What is cost of capital?

A. Total profit

B. Minimum return required on investment

C. Total expense

D. Total revenue

Correct answer is: B. Minimum return required on investment

It is required return for financing sources

What is the primary objective of financial management?

A. Profit maximization

B. Employee satisfaction

C. Social welfare

D. Market monopoly

Correct answer is: A. Profit maximization

Financial management aims to maximize shareholder wealth

Which is a financial risk?

A. Weather change

B. Interest rate fluctuation

C. Employee satisfaction

D. Marketing plan

Correct answer is: B. Interest rate fluctuation

Financial risk affects returns

What is inter-rater reliability?

A. Agreement between markers

B. Same test twice

C. Split-half method

D. Internal consistency

Correct answer is: A. Agreement between markers

Multiple markers give similar scores

What does liquidity mean?

A. Ability to earn profit

B. Ability to meet short-term obligations

C. Long-term investment return

D. Tax saving

Correct answer is: B. Ability to meet short-term obligations

Liquidity refers to paying current liabilities on time

What is liquidity ratio used for?

A. Long-term analysis

B. Short-term solvency check

C. Profit calculation

D. Tax calculation

Correct answer is: B. Short-term solvency check

It measures ability to pay short-term debts

Which assessment approach focuses on process?

A. Formative

B. Summative

C. Placement

D. Diagnostic

Correct answer is: A. Formative

Formative evaluates learning process

Which financial statement shows financial position?

A. Income Statement

B. Balance Sheet

C. Cash Flow Statement

D. Trial Balance

Correct answer is: B. Balance Sheet

Balance sheet shows assets, liabilities and equity

What is retained earnings?

A. Dividends paid

B. Profit kept in business

C. Salaries paid

D. Loans taken

Correct answer is: B. Profit kept in business

Retained earnings are reinvested profits

What is the key principle of essay test construction?

A. Clear instructions

B. Long answers

C. Complex vocabulary

D. Tricky wording

Correct answer is: A. Clear instructions

Students need clear expectations

What is working capital?

A. Fixed assets minus liabilities

B. Current assets minus current liabilities

C. Long-term debt

D. Net profit

Correct answer is: B. Current assets minus current liabilities

Working capital measures short-term financial health

What is an asset?

A. A liability

B. A resource owned by business

C. An expense

D. A tax

Correct answer is: B. A resource owned by business

Assets provide future economic benefit

What is CPU?

A. Central Processing Unit

B. Computer Personal Unit

C. Central Program Unit

D. Core Processing Unit

Correct answer is: A. Central Processing Unit

CPU is computer's brain

Which is a source of long-term finance?

A. Bank overdraft

B. Trade credit

C. Equity shares

D. Short-term loan

Correct answer is: C. Equity shares

Equity shares provide permanent capital

Which is an example of fixed asset?

A. Cash

B. Inventory

C. Machinery

D. Receivables

Correct answer is: C. Machinery

Machinery is long-term asset

Which is primary memory?

A. RAM

B. Hard Disk

C. SSD

D. USB Drive

Correct answer is: A. RAM

RAM is volatile primary memory

What is depreciation?

A. Increase in asset value

B. Allocation of asset cost over time

C. Profit earned

D. Tax paid

Correct answer is: B. Allocation of asset cost over time

Depreciation spreads asset cost over useful life

What is inflation?

A. Decrease in prices

B. Increase in prices

C. Stable prices

D. No change

Correct answer is: B. Increase in prices

Inflation reduces purchasing power

What type of computer is fastest?

A. Supercomputer

B. Mainframe

C. Minicomputer

D. Microcomputer

Correct answer is: A. Supercomputer

Supercomputers perform complex calculations

What is capital budgeting?

A. Day-to-day expenses management

B. Long-term investment decision process

C. Salary calculation

D. Tax planning

Correct answer is: B. Long-term investment decision process

Capital budgeting evaluates long-term projects