Correct Answer:
B. Increasing government spending or cutting taxes
It aims to boost aggregate demand.
November 13, 2026 · Accounting and Finance MCQs, Public Finance & Budgeting MCQs
An expansionary fiscal policy involves:
Related MCQs
Expenditure charged upon the Federal Consolidated Fund (Article 81) is:
A.
Voted separately by the Senate
B.
Free of any audit
C.
Paid only from provincial funds
D.
Not submitted to a vote in the National Assembly, though it may be discussed
Correct answer is:
D. Not submitted to a vote in the National Assembly, though it may be discussed
Do you agree with this answer?
Computer-assisted audit techniques (CAATs) are used by auditors to:
A.
Replace professional judgment entirely
B.
Prepare the client's tax returns
C.
Avoid documenting the audit
D.
Analyze large volumes of electronic data and test systems and controls
Correct answer is:
D. Analyze large volumes of electronic data and test systems and controls
Do you agree with this answer?
The accounts of the Federation are compiled by:
A.
The Securities and Exchange Commission
B.
The Pakistan Bureau of Statistics
C.
The Election Commission
D.
The Controller General of Accounts
Correct answer is:
D. The Controller General of Accounts
Do you agree with this answer?
The Federal Consolidated Fund of Pakistan is established under:
A.
Article 78 of the Constitution
B.
Article 62 of the Constitution
C.
Article 100 of the Constitution
D.
Article 184 of the Constitution
Correct answer is:
A. Article 78 of the Constitution
Do you agree with this answer?
Conversion cost is the sum of:
A.
Direct materials and direct labor
B.
Direct materials and factory overhead
C.
Direct labor and factory overhead
D.
Selling and administrative expenses
Correct answer is:
C. Direct labor and factory overhead
Do you agree with this answer?
The financial year of the Federal Government of Pakistan runs from:
A.
1 January to 31 December
B.
1 April to 31 March
C.
1 October to 30 September
D.
1 July to 30 June
Correct answer is:
D. 1 July to 30 June
Do you agree with this answer?
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