Financial | MCQs

Explanation

You can easily get money if you gage your ornaments. 

اگر آپ اپنے زیورات کا اندازہ لگاتے ہیں تو آپ آسانی سے رقم حاصل کر سکتے ہیں۔

The phrase "gage your ornaments" means to pawn or pledge your ornaments as collateral for a loan.

Explanation

From this graph we can see that the economy is improving at the moment.

This choice indicates a current and ongoing positive trend in the economy.

It aligning with the idea that the graph shows present developments.

Explanation

 Reduce the deficit on the balance of trade

The government may raise tariffs on imported goods or introduce quotas. Both  measures will lead to a reduction in imports and thus an improvement in the current account balance.

Explanation

 Availability of gold in the country

Under Article 24, the State Bank of Pakistan has the sole right to issue banknotes. The National Bank of Pakistan introduced the first urgent issue at face value of 5, 10,  100 rupees. It was printed by De La Rue & Company Great Britain and published between 1948 and 1960.

Explanation

Durability

Banknotes and "fiat money" also have no intrinsic value. Their value is determined only by supply and demand and becomes legal tender by government legislation. The most important factor that distinguishes the currency of one country from the currency of another is its value.

Explanation

Explanation

The Securities & Exchange Commission of Pakistan is the financial regulatory agency in Pakistan.

Founded: January 1, 1999

Preceding agency: Corporate Law Authority

Explanation

IAS (International Accounting Standards):

• These are older accounting standards that were issued before IFRS.
• Still valid unless replaced by IFRS.

IFRS (International Financial Reporting Standards):

• Issued by the IASB (International Accounting Standards Board).
• Modern framework used globally for preparing financial statements.

ISA (International Standards on Auditing):

• These are used by auditors, not for preparing financial statements but for auditing them.

Explanation

 The State Bank of Pakistan (SBP) is responsible for supervising the banking sector in Pakistan. 

Explanation