Some more MCQs that I remember
22. Third schedule of Income tax ordinance 2001 is about.... depreciation
23. Periodic reduction in value of intangible assets....amortization
24. Land is not depreciated because it has.....unlimited useful life
25. If sale price is greater than cost of short term investment....gain
26. Revenue and expense account are......nominal accounts
27. Included in income statement........revenue, gain and expenses
28. Indirect labour is....
29. In economics, major problem is.....unlimited human wants
30. Profit is maximized when.....
31. Monopoly is unfavourable because.....
32. Flexible exchange rate is beneficial because....
33. To deal with recession (when price level is low).....keynesian fiscal policy
34. Return of investment to owners is....
35. long term investment......debentures
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