Correct Answer:
A. In the like manner and on the like grounds as a judge of the Supreme Court
Article 168 protects the Auditor-General's independence by giving the same removal safeguards as a Supreme Court judge.
November 13, 2026 · Accounting and Finance MCQs, Public Sector Accounting & Auditing MCQs
Under the Constitution of Pakistan, the Auditor-General can be removed from office:
Related MCQs
Compared with an external auditor, an internal auditor is mainly:
A.
An employee or function inside the entity that evaluates risk management, control and governance
B.
Appointed by the tax authority to check returns
C.
Responsible for giving an opinion to shareholders
D.
Prohibited from reporting to the audit committee
Correct answer is:
A. An employee or function inside the entity that evaluates risk management, control and governance
Do you agree with this answer?
Which of the following is a test of controls?
A.
Confirming receivable balances with customers
B.
Recalculating depreciation expense
C.
Inspecting purchase orders for evidence of authorization signatures
D.
Counting inventory at year end
Correct answer is:
C. Inspecting purchase orders for evidence of authorization signatures
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Accounts receivable are Rs. 100,000 and annual credit sales are Rs. 730,000. Average collection period (365-day year) is:
A.
73 days
B.
50 days
C.
30 days
D.
7.3 days
Correct answer is:
B. 50 days
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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?
In a progressive tax system:
A.
The average tax rate falls as income rises
B.
The same rate applies to all incomes
C.
The average tax rate rises as income rises
D.
Taxes are paid only by the poor
Correct answer is:
C. The average tax rate rises as income rises
Do you agree with this answer?
EBIT is Rs. 200,000 and interest is Rs. 50,000. The degree of financial leverage is approximately:
A.
4.0
B.
0.75
C.
1.33
D.
1.25
Correct answer is:
C. 1.33
Do you agree with this answer?
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