Financial | MCQs

Explanation

Explanation

The National Finance Commission (NFC) is a constitutional body in Pakistan that was created under Article 160 of the Constitution of 1973  

It makes recommendations for the financial allocation.

Explanation

Article 207 sets the limits and regulations concerning the expenses that candidates can incur during the election campaign.

Explanation

The Federal Board of Revenue (FBR) is responsible for the collection of major tax revenues in Pakistan.

Including income tax, sales tax, and customs duties.

It operates under the Ministry of Finance.

Explanation

The Indian government's cash balance at the time of the Partition were a little under Rs 400 crore and Pakistan's share was fixed at Rs 75 crore, which was inclusive of Rs 20 crore made available to Pakistan.

Explanation

Financial Functions are used to calculate depreciation, rates of return, future values and loan payment amounts.

A list of Excel Financial Functions in Excel are:

⇒Investment value functions including

1. FV

2. FVSCHEDULE

3. NPV

4. PV

5. RECEIVED

6. XNPV

⇒Internal rate of return functions including

1. IRR

2. MIRR

3. XIRR

⇒Asset depreciation functions including

1. AMORDEGRC

2. AMORLINC

3. DB

4. DDB

5. SLN

6. SYD

7. VDB

⇒Payment functions including

1. CUMIPMT

2. CUMPRINC

3. IPMT

4. ISPMT

5. PMT

6. PPMT

⇒Dollar conversion including

1. DOLLARDE

2. DOLLARFR

⇒Yield functions including

1. YIELD

2. YIELDDISC

3. YIELDMAT

4. ODDFYIELD

5. ODDLYIELD

6. TBILLEO

7. TBILLYIELD

⇒Price functions including

1. PRICE

2. PRICEDISC

3. PRICEMAT

4. ODDFPRICE

5. ODDLPRICE

6. TBILLPRICE

Explanation

• Microsoft office accounting is: A tool for managing business finances
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• Microsoft Office Accounting makes it easier to manage your financial information, leaving you more time to focus on your business.
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• Microsoft office spreadsheet program is:  Microsoft Excel
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Explanation

Money is important but I can't buy happiness.

پیسا اہم ہے لیکن میں اس سے خوشی نہیں خرید سکتا ہوں۔

No article required here

Explanation

Article A is used with singular countable nouns pronounced with consonant sound.

Explanation

The company is on the verge of bankruptcy.

"on the verge of" is an idiomatic expression meaning close to or approaching something.