Correct Answer:
C. Money available today is worth more than the same amount in the future
Money today can be invested to earn a return.
November 13, 2026 · Accounting and Finance MCQs, Financial Management & Analysis MCQs
The time value of money means that:
Related MCQs
A trial balance is prepared mainly to:
A.
Prove that the accounts are free from all errors
B.
Calculate the tax payable
C.
Replace the balance sheet
D.
Check the arithmetical accuracy of the ledger by comparing total debit and credit balances
Correct answer is:
D. Check the arithmetical accuracy of the ledger by comparing total debit and credit balances
Do you agree with this answer?
The three Es of performance auditing are:
A.
Economy, efficiency and effectiveness
B.
Equity, ethics and elections
C.
Estimates, expenses and earnings
D.
Education, employment and environment
Correct answer is:
A. Economy, efficiency and effectiveness
Do you agree with this answer?
Financing a deficit by creating new money through the central bank is called:
A.
Privatization
B.
Demonetization
C.
Fiscal consolidation
D.
Monetization of the deficit
Correct answer is:
D. Monetization of the deficit
Do you agree with this answer?
Performance audit in the public sector is concerned with:
A.
Only the accuracy of cash books
B.
Only legal compliance
C.
Only tax collection
D.
Economy, efficiency and effectiveness of government programs
Correct answer is:
D. Economy, efficiency and effectiveness of government programs
Do you agree with this answer?
Under absorption costing, fixed manufacturing overhead is treated as:
A.
A period cost charged fully to the current period
B.
A selling expense
C.
A product cost included in inventory valuation
D.
An abnormal loss
Correct answer is:
C. A product cost included in inventory valuation
Do you agree with this answer?
Under the Constitution of Pakistan, the Auditor-General can be removed from office:
A.
In the like manner and on the like grounds as a judge of the Supreme Court
B.
By any minister
C.
By the Prime Minister alone
D.
By the Chief Secretary
Correct answer is:
A. In the like manner and on the like grounds as a judge of the Supreme Court
Do you agree with this answer?
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