Tuesday, July 20, 2010

ECO403 - Macroeconomics GDB solution

What measures have been promised by the Finance Minister to cope up with the problem of inflation?

Keeping in view the Federal Budget of Pakistan 2010-11, what is the inflation 
rate of Pakistan? What measures have been promised by the Finance Minister 
to cope up with the problem of inflation? 
Note: 
Your answer should be based on Federal budget Of Pakistan 2010-2011.Give 
your answer in just 3 lines not more then that. 
Solution 
12.68% is Pakistan’s inflation rate. Finance minister promised to take certain actions to 
improve inflation rate.like 
• Reduction in custom duty will have positive impact on inflation. 
• Government expenditure reduction
......................





“Consider IS curve and LM curve in an open economy as explained in a Mundell Flemming model. By having expansionary fiscal policy, there is an increase in government purchase and the IS curve shifts towards right. There is no change in LM curve and it remains vertical. Due to the shift of IS curve, the interest rate and income level remains same but the exchange rate varies”.
Required:
Keeping in view of open economy in the above scenario, if the government want to use expansionary fiscal policy to increase the income level then it cannot do that, why?
..........
If the govt. want to use expansionary fiscal policy to increase the income level then it cannot do that, because there is no change in the interest rate it is given and the LM is vertical LM curve, if use expansionary fiscal policy only the exchange rate become high and the income level remains fixed
.......
so simple;
exchange rates increases and has no effect on income because it is fixed in an open economy of exploratory fiscal plicy.
.........






BNK601 Current Quiz

Question # 1 of 15 ( Start time: 10:53:53 PM ) Total Marks: 1
Which of the following is NOT the essential requirement for the endorsement as per Negotiable Instrument Act, 1881?
Select correct option:

It should be on the instrument

It should be made by the holder or the maker

Signatures should be in ink and not by pencil or rubber stamp

It should contain unconditional order

Question # 2 of 15 ( Start time: 10:55:19 PM ) Total Marks: 1
All of the following are included in the financial intermediaries, EXCEPT:
Select correct option:

Mutual Funds
Pension Funds
Stock Exchange
Credit Union


Question # 3 of 15 ( Start time: 10:56:21 PM ) Total Marks: 1
Which of the following terms is NOT defined by the Companies Ordinance, 1984?
Select correct option:

Paid-up capital
Debenture
Dividend
Preference share


Question # 4 of 15 ( Start time: 10:57:53 PM ) Total Marks: 1
What is the bailment of goods as security for payment of a debt or performance of a promise called?
Select correct option:

Hypothecation
Mortgage
Lien
Pledge

Question # 5 of 15 ( Start time: 10:58:20 PM ) Total Marks: 1
According to Section 4 of State Bank of Pakistan Act, 1956, which of the following should be the original Capital of the Bank?
Select correct option:

Rs. 20 Millions

Rs. 30 Millions

Rs. 40 Millions

Rs. 50 Millions

Question # 6 of 15 ( Start time: 10:58:39 PM ) Total Marks: 1
Which of the following is NOT a legal requirement for opening a bank account of a limited company?
Select correct option:

Copy of Memorandum of Association

Copy of Articles of Association

Certificate of Incorporation

Specimen signatures of all the directors

Question # 7 of 15 ( Start time: 10:59:15 PM ) Total Marks: 1
Which of the following is also called the Legal Mortgage?
Select correct option:

Equitable Mortgage

Registered Mortgage

Un-registered Mortgage

Non-equitable Mortgage


Question # 9 of 15 ( Start time: 11:00:54 PM ) Total Marks: 1
Which of the following refers to “the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them”?
Select correct option:

Bailment

Mortgage

Lien

Pledge


Question # 10 of 15 ( Start time: 11:01:50 PM ) Total Marks: 1
According to Section 23 of Banking Companies Ordinance, 1962, a subsidiary to banking company can perform which of the following function(s)?
Select correct option:



To carry on of banking business strictly in conformity with Islam

To carry on business of modaraba

Such other purposes as are incidental to the business of banking

All of the given options

Question # 11 of 15 ( Start time: 11:02:33 PM ) Total Marks: 1
According to URR525, which of the following is a request for reimbursement from the Claiming Bank to the Reimbursing Bank?
Select correct option:



Reimbursement authorizations

Reimbursement amendment

Reimbursement claim

Reimbursement undertaking

Question # 12 of 15 ( Start time: 11:03:29 PM ) Total Marks: 1
Which of the following has defined the banker as “Any person carrying on a bonafide banking business in the United Kingdom is a banker”?
Select correct option:



American Version

United Kingdom’s Version

Finance Act, 1915

Negotiable Instruments Act, 1881

Question # 13 of 15 ( Start time: 11:04:17 PM ) Total Marks: 1
According to UCP 600, which of the following refers to any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honor a complying presentation?
Select correct option:



Credit

Letter of credit

Confirmation

Honor

Question # 15 of 15 ( Start time: 11:06:03 PM ) Total Marks: 1
In which of the following years, “Wafaqi Mohtasib” was established?
Select correct option:



1983

1995

2000

2005

Another Quiz:-

Question # 1 of 15 ( Start time: 11:08:04 PM ) Total Marks: 1
According to Section 16 of Banking Companies Ordinance, 1962, which of the following is the MAXIMUM commission, brokerage, discount or remuneration paid by banking company on issue of share capital?
Select correct option:



2% of the paid up value of the issued shares

2.5% of the paid up value of the issued shares

3% of the paid up value of the issued shares

3.5% of the paid up value of the issued shares

Question # 2 of 15 ( Start time: 11:09:36 PM ) Total Marks: 1
Of the following who make the contract void?
Select correct option:



Minor

Insolvent

Lunatic

All of the given options

Question # 3 of 15 ( Start time: 11:10:52 PM ) Total Marks: 1
Which of the following refers to “the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability”?
Select correct option:



Pledge

Hypothecation

Mortgage

Lien


Question # 4 of 15 ( Start time: 11:11:30 PM ) Total Marks: 1
All of the following are requirements of the Memorandum, under Banking Companies Ordinance, 1962, EXCEPT:
Select correct option:



Required to be printed

Issue of shares and allotment of shares

Should be divided into paragraphs

Paragraphs to be consecutively numbered


Question # 5 of 15 ( Start time: 11:12:21 PM ) Total Marks: 1
Which of the following condition(s) may lead to cancellation of license of a banking company?
Select correct option:



If the company ceases to carry on banking business in Pakistan

If the company at any time fails to comply with any of the conditions imposed upon it under sub-section (1)

If at any time, any of the conditions referred to in sub-section (3) ceases to be fulfilled

All of the given options

Question # 6 of 15 ( Start time: 11:12:39 PM ) Total Marks: 1
According to Section 4 of State Bank of Pakistan Act, 1956, which of the following should be the original Capital of the Bank?
Select correct option:



Rs. 20 Millions

Rs. 30 Millions

Rs. 40 Millions

Rs. 50 Millions

Question # 8 of 15 ( Start time: 11:13:05 PM ) Total Marks: 1
Which of the following refers to “the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them”?
Select correct option:



Bailment

Mortgage

Lien

Pledge

Question # 9 of 15 ( Start time: 11:13:16 PM ) Total Marks: 1
A banking company can engage itself in which of the following businesses under section 7 of Banking Companies Ordinance, 1962?
Select correct option:



Borrowing, raising, or taking up of money

The lending or advancing of money either upon or without security

The granting and issuing of letters of credit

All of the given options



Question # 10 of 15 ( Start time: 11:13:41 PM ) Total Marks: 1
Under Section 10 (Penalty) of the Co-operative Societies and Co-operative Banks (Repayment of Loans) Ordinance, 1966, if a person whoever contravenes any of the provisions of this Ordinance or the rules made shall be punishable with imprisonment of which of the following?
Select correct option:



Term which may extend to five years

Term which may extend to six years

Term which may extend to seven years

Term which may extend to eight years


Question # 12 of 15 ( Start time: 11:16:04 PM ) Total Marks: 1
According to Section 36 of Banking Companies Ordinance, 1962, the banking company should submit its financial statements and the audit report to the State bank within which of the following periods?
Select correct option:



2 Months

3 Months

4 Months

6 Months
11) Bank word derived from………………………A)BANCUS ….. FORGET OTHERS.


Question # 13 of 15 ( Start time: 11:17:30 PM ) Total Marks: 1
According to URR525, which of the following is a bank that has issued a Credit and the Reimbursement Authorization under that Credit?
Select correct option:



Issuing bank

Paying bank

Advising bank

Confirming bank

Question # 14 of 15 ( Start time: 11:17:54 PM ) Total Marks: 1
Who among the following is appointed by a court to look after the estate of a person who died without leaving a WILL?
Select correct option:



Agent

Lawyer

Lawyer

Administrator


Question # 15 of 15 ( Start time: 11:18:32 PM ) Total Marks: 1
------Studies history of law and evolution of law over a period of time and also amendments, introduction of new principles of law.
Select correct option:



Analytical Jurisprudence.

Social Jurisprudence.

Historical Jurisprudence.

Ethical Jurisprudence.

BNK601 Current Quiz

Question # 1 of 15 ( Start time: 10:53:53 PM ) Total Marks: 1
Which of the following is NOT the essential requirement for the endorsement as per Negotiable Instrument Act, 1881?
Select correct option:

It should be on the instrument

It should be made by the holder or the maker

Signatures should be in ink and not by pencil or rubber stamp

It should contain unconditional order

Question # 2 of 15 ( Start time: 10:55:19 PM ) Total Marks: 1
All of the following are included in the financial intermediaries, EXCEPT:
Select correct option:

Mutual Funds
Pension Funds
Stock Exchange
Credit Union


Question # 3 of 15 ( Start time: 10:56:21 PM ) Total Marks: 1
Which of the following terms is NOT defined by the Companies Ordinance, 1984?
Select correct option:

Paid-up capital
Debenture
Dividend
Preference share


Question # 4 of 15 ( Start time: 10:57:53 PM ) Total Marks: 1
What is the bailment of goods as security for payment of a debt or performance of a promise called?
Select correct option:

Hypothecation
Mortgage
Lien
Pledge

Question # 5 of 15 ( Start time: 10:58:20 PM ) Total Marks: 1
According to Section 4 of State Bank of Pakistan Act, 1956, which of the following should be the original Capital of the Bank?
Select correct option:

Rs. 20 Millions

Rs. 30 Millions

Rs. 40 Millions

Rs. 50 Millions

Question # 6 of 15 ( Start time: 10:58:39 PM ) Total Marks: 1
Which of the following is NOT a legal requirement for opening a bank account of a limited company?
Select correct option:

Copy of Memorandum of Association

Copy of Articles of Association

Certificate of Incorporation

Specimen signatures of all the directors

Question # 7 of 15 ( Start time: 10:59:15 PM ) Total Marks: 1
Which of the following is also called the Legal Mortgage?
Select correct option:

Equitable Mortgage

Registered Mortgage

Un-registered Mortgage

Non-equitable Mortgage


Question # 9 of 15 ( Start time: 11:00:54 PM ) Total Marks: 1
Which of the following refers to “the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them”?
Select correct option:

Bailment

Mortgage

Lien

Pledge


Question # 10 of 15 ( Start time: 11:01:50 PM ) Total Marks: 1
According to Section 23 of Banking Companies Ordinance, 1962, a subsidiary to banking company can perform which of the following function(s)?
Select correct option:



To carry on of banking business strictly in conformity with Islam

To carry on business of modaraba

Such other purposes as are incidental to the business of banking

All of the given options

Question # 11 of 15 ( Start time: 11:02:33 PM ) Total Marks: 1
According to URR525, which of the following is a request for reimbursement from the Claiming Bank to the Reimbursing Bank?
Select correct option:



Reimbursement authorizations

Reimbursement amendment

Reimbursement claim

Reimbursement undertaking

Question # 12 of 15 ( Start time: 11:03:29 PM ) Total Marks: 1
Which of the following has defined the banker as “Any person carrying on a bonafide banking business in the United Kingdom is a banker”?
Select correct option:



American Version

United Kingdom’s Version

Finance Act, 1915

Negotiable Instruments Act, 1881

Question # 13 of 15 ( Start time: 11:04:17 PM ) Total Marks: 1
According to UCP 600, which of the following refers to any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honor a complying presentation?
Select correct option:



Credit

Letter of credit

Confirmation

Honor

Question # 15 of 15 ( Start time: 11:06:03 PM ) Total Marks: 1
In which of the following years, “Wafaqi Mohtasib” was established?
Select correct option:



1983

1995

2000

2005

Another Quiz:-

Question # 1 of 15 ( Start time: 11:08:04 PM ) Total Marks: 1
According to Section 16 of Banking Companies Ordinance, 1962, which of the following is the MAXIMUM commission, brokerage, discount or remuneration paid by banking company on issue of share capital?
Select correct option:



2% of the paid up value of the issued shares

2.5% of the paid up value of the issued shares

3% of the paid up value of the issued shares

3.5% of the paid up value of the issued shares

Question # 2 of 15 ( Start time: 11:09:36 PM ) Total Marks: 1
Of the following who make the contract void?
Select correct option:



Minor

Insolvent

Lunatic

All of the given options

Question # 3 of 15 ( Start time: 11:10:52 PM ) Total Marks: 1
Which of the following refers to “the transfer of an interest in specific immoveable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability”?
Select correct option:



Pledge

Hypothecation

Mortgage

Lien


Question # 4 of 15 ( Start time: 11:11:30 PM ) Total Marks: 1
All of the following are requirements of the Memorandum, under Banking Companies Ordinance, 1962, EXCEPT:
Select correct option:



Required to be printed

Issue of shares and allotment of shares

Should be divided into paragraphs

Paragraphs to be consecutively numbered


Question # 5 of 15 ( Start time: 11:12:21 PM ) Total Marks: 1
Which of the following condition(s) may lead to cancellation of license of a banking company?
Select correct option:



If the company ceases to carry on banking business in Pakistan

If the company at any time fails to comply with any of the conditions imposed upon it under sub-section (1)

If at any time, any of the conditions referred to in sub-section (3) ceases to be fulfilled

All of the given options

Question # 6 of 15 ( Start time: 11:12:39 PM ) Total Marks: 1
According to Section 4 of State Bank of Pakistan Act, 1956, which of the following should be the original Capital of the Bank?
Select correct option:



Rs. 20 Millions

Rs. 30 Millions

Rs. 40 Millions

Rs. 50 Millions

Question # 8 of 15 ( Start time: 11:13:05 PM ) Total Marks: 1
Which of the following refers to “the delivery of goods by one person to another for some purpose, upon a contract that they shall, when the purpose is accomplished, be returned or otherwise disposed of according to the directions of the person delivering them”?
Select correct option:



Bailment

Mortgage

Lien

Pledge

Question # 9 of 15 ( Start time: 11:13:16 PM ) Total Marks: 1
A banking company can engage itself in which of the following businesses under section 7 of Banking Companies Ordinance, 1962?
Select correct option:



Borrowing, raising, or taking up of money

The lending or advancing of money either upon or without security

The granting and issuing of letters of credit

All of the given options



Question # 10 of 15 ( Start time: 11:13:41 PM ) Total Marks: 1
Under Section 10 (Penalty) of the Co-operative Societies and Co-operative Banks (Repayment of Loans) Ordinance, 1966, if a person whoever contravenes any of the provisions of this Ordinance or the rules made shall be punishable with imprisonment of which of the following?
Select correct option:



Term which may extend to five years

Term which may extend to six years

Term which may extend to seven years

Term which may extend to eight years


Question # 12 of 15 ( Start time: 11:16:04 PM ) Total Marks: 1
According to Section 36 of Banking Companies Ordinance, 1962, the banking company should submit its financial statements and the audit report to the State bank within which of the following periods?
Select correct option:



2 Months

3 Months

4 Months

6 Months
11) Bank word derived from………………………A)BANCUS ….. FORGET OTHERS.


Question # 13 of 15 ( Start time: 11:17:30 PM ) Total Marks: 1
According to URR525, which of the following is a bank that has issued a Credit and the Reimbursement Authorization under that Credit?
Select correct option:



Issuing bank

Paying bank

Advising bank

Confirming bank

Question # 14 of 15 ( Start time: 11:17:54 PM ) Total Marks: 1
Who among the following is appointed by a court to look after the estate of a person who died without leaving a WILL?
Select correct option:



Agent

Lawyer

Lawyer

Administrator


Question # 15 of 15 ( Start time: 11:18:32 PM ) Total Marks: 1
------Studies history of law and evolution of law over a period of time and also amendments, introduction of new principles of law.
Select correct option:



Analytical Jurisprudence.

Social Jurisprudence.

Historical Jurisprudence.

Ethical Jurisprudence.

Monday, July 19, 2010

FIN623 Current Quiz

Question # 1 of 15 ( Start time: 06:37:44 PM ) Total Marks: 1

Valuation of stock is computes by the formula:
Select correct option:
A+B-C
A-B-C
A-B+C
A+B+C

Valuation of Stock:

Cost of stock-in-trade disposed of (consumed) during the year shall be computed as under.

A+B-C

A: Opening stock

B: Stock acquired during the year

C: Closing stock.

Question # 2 of 15 ( Start time: 06:39:13 PM ) Total Marks: 1
Formula to compute the tax rate applies on gratuity received, “B” stands for;
Select correct option:
The total tax paid or payable by the employee for the three preceding tax years
The employee’s total taxable income for the three preceding tax years
The gratuity received by the employee
None of the given options


Question # 3 of 15 ( Start time: 06:40:07 PM ) Total Marks: 1
Non-Agricultural income includes which one of the following?
Select correct option:
Income from sale of wild grass
Income from fisheries
Royalty income of mines
All of the given options P19



Question # 4 of 15 ( Start time: 06:40:45 PM ) Total Marks: 1
Profit earned on debts is chargeable under
Select correct option:
Income from salary
Income from other sources
Income from business
Income from capital gains

Profit earned on debts in course business shall be chargeable to ‘income from business’.p66


Question # 5 of 15 ( Start time: 06:41:22 PM ) Total Marks: 1
If a business carried on by Non-resident person in Pakistan through permanent establishment what will be the tax treatment of the traveling expenditures born by the non-resident for spending his holidays in his home land?
Select correct option:
Wholly taxable due to PE
Wholly taxable as no concerned with PE in Pakistan
Not permissible as deduction from the income of Non-resident
None of the given options


Question # 6 of 15 ( Start time: 06:42:21 PM ) Total Marks: 1
MTS stands for which of the following?
Select correct option:
Minimum time scale
Minimum transfer Salary
Maximum time scale
Maximum transfer Salary

Concept of MTS (Minimum of Time Scale):

This is the starting point or minimum amount which is available to an employee under a time

Which one of the following sections defines minimum tax on resident companies?
Select correct option:
Section 110
Section 111
Section 113
Section 115

Taxation of Companies

Minimum Tax on Resident Companies Sec. 113

Resident Company is subjected to minimum tax . 0.50% of its turnover for a tax year, even in cases where the company sustains loss.p73

Question # 8 of 15 ( Start time: 06:43:42 PM ) Total Marks: 1
Which of the following is the main tool of Fiscal Policy?
Select correct option:
Taxes
Deficit Financing
Subsidies
Transfer Payments

Taxes are important instrument of Fiscal Policy

Question # 9 of 15 ( Start time: 06:44:16 PM ) Total Marks: 1
The Fiscal year is a period of ____ months arbitrarily chosen for tax purposes.
Select correct option:
3
6
12
18

Question # 10 of 15 ( Start time: 06:44:47 PM ) Total Marks: 1
If a depreciable asset disposes of with in a tax year than:
Select correct option:
Total depreciation deductions allowed
No depreciation deductions allowed
25% of depreciation deduction allowed
None of the given options

Deductions---Special Provisions

Depreciation (Sec. 22)

Deduction for depreciation allowed to a person if depreciable assets used in the person’s business in a tax year. Rate of depreciations shall be applied as specified in part 1 of 3rd schedule.

Written down value of a depreciable asset of a person as at the beginning of the tax year shall be;

a) where the asset was acquired in the tax year, the cost of the asset to the person as reduced by any

initial allowance under sec 23
b) in any other case, the cost of the asset to the person as reduced by the total depreciation

deductions ( including any initial allowance under sec 23 ) allowed to the person in respect to the

asset in previous tax years.

• No depreciation deductions allowed where in a tax year a person disposes of a depreciable

asset;


Which of the following is the Tax Treatment of utilities for the year 2009?
Select correct option:
Wholly taxable
Wholly exempted
Exempt up to 10% of MTS
Exempt up to 45% of MTS

Utilities were exempt up to 10% of MTS or Basic salary till 30th June, 2006, vide clause 38 of part 1 of

Second Schedule. This clause has been omitted by Finance Act, 2006. Hence no exemption is available for tax year 2009.

Question # 12 of 15 ( Start time: 06:46:25 PM ) Total Marks: 1
In the normal circumstances on which of the following tax is charged?
Select correct option:
Gross Receipt
Total Income
Taxable Income
All of the given options



Question # 13 of 15 ( Start time: 06:47:17 PM ) Total Marks: 1
As per clause 13(iii) of the part 1 of second schedule, if gratuity fund is approved by CBR, the amount of fund exempted up to Rs. 200,000 and any amount exceeding it will be taxed in which of the following way?
Select correct option:
Salary Income
Income from Business
Capital gain
Other Income



Question # 14 of 15 ( Start time: 06:48:20 PM ) Total Marks: 1
Which of the following is the deductible allowance from the income of an individual?
Select correct option:
Zakat
Worker’s Welfare Fund
Work’s Participation Fund
All of the given options

Deductible Allowance:

The person shall be entitled to a deductible allowance for any Zakat paid by the person in a tax year

according to provisions of sec.60, for the amount of any Workers’ Welfare Fund paid by the person in a tax year under Sec 60-A, for the amount of any Workers’ Participation Fund paid by the person in a tax year under section 60-B.

Question # 15 of 15 ( Start time: 06:49:09 PM ) Total Marks: 1
Any gain arising on the disposal of shares in a resident company belongs to which of the following?
Select correct option:
Foreign source of income
Pakistan source income
Both Pakistan and foreign source of income
None of the given option


Any gain arising on the disposal of shares in a resident company shall be Pakistan- source income.P29

FIN623 Current Quiz

Question # 1 of 15 ( Start time: 06:37:44 PM ) Total Marks: 1

Valuation of stock is computes by the formula:
Select correct option:
A+B-C
A-B-C
A-B+C
A+B+C

Valuation of Stock:

Cost of stock-in-trade disposed of (consumed) during the year shall be computed as under.

A+B-C

A: Opening stock

B: Stock acquired during the year

C: Closing stock.

Question # 2 of 15 ( Start time: 06:39:13 PM ) Total Marks: 1
Formula to compute the tax rate applies on gratuity received, “B” stands for;
Select correct option:
The total tax paid or payable by the employee for the three preceding tax years
The employee’s total taxable income for the three preceding tax years
The gratuity received by the employee
None of the given options


Question # 3 of 15 ( Start time: 06:40:07 PM ) Total Marks: 1
Non-Agricultural income includes which one of the following?
Select correct option:
Income from sale of wild grass
Income from fisheries
Royalty income of mines
All of the given options P19



Question # 4 of 15 ( Start time: 06:40:45 PM ) Total Marks: 1
Profit earned on debts is chargeable under
Select correct option:
Income from salary
Income from other sources
Income from business
Income from capital gains

Profit earned on debts in course business shall be chargeable to ‘income from business’.p66


Question # 5 of 15 ( Start time: 06:41:22 PM ) Total Marks: 1
If a business carried on by Non-resident person in Pakistan through permanent establishment what will be the tax treatment of the traveling expenditures born by the non-resident for spending his holidays in his home land?
Select correct option:
Wholly taxable due to PE
Wholly taxable as no concerned with PE in Pakistan
Not permissible as deduction from the income of Non-resident
None of the given options


Question # 6 of 15 ( Start time: 06:42:21 PM ) Total Marks: 1
MTS stands for which of the following?
Select correct option:
Minimum time scale
Minimum transfer Salary
Maximum time scale
Maximum transfer Salary

Concept of MTS (Minimum of Time Scale):

This is the starting point or minimum amount which is available to an employee under a time

Which one of the following sections defines minimum tax on resident companies?
Select correct option:
Section 110
Section 111
Section 113
Section 115

Taxation of Companies

Minimum Tax on Resident Companies Sec. 113

Resident Company is subjected to minimum tax . 0.50% of its turnover for a tax year, even in cases where the company sustains loss.p73

Question # 8 of 15 ( Start time: 06:43:42 PM ) Total Marks: 1
Which of the following is the main tool of Fiscal Policy?
Select correct option:
Taxes
Deficit Financing
Subsidies
Transfer Payments

Taxes are important instrument of Fiscal Policy

Question # 9 of 15 ( Start time: 06:44:16 PM ) Total Marks: 1
The Fiscal year is a period of ____ months arbitrarily chosen for tax purposes.
Select correct option:
3
6
12
18

Question # 10 of 15 ( Start time: 06:44:47 PM ) Total Marks: 1
If a depreciable asset disposes of with in a tax year than:
Select correct option:
Total depreciation deductions allowed
No depreciation deductions allowed
25% of depreciation deduction allowed
None of the given options

Deductions---Special Provisions

Depreciation (Sec. 22)

Deduction for depreciation allowed to a person if depreciable assets used in the person’s business in a tax year. Rate of depreciations shall be applied as specified in part 1 of 3rd schedule.

Written down value of a depreciable asset of a person as at the beginning of the tax year shall be;

a) where the asset was acquired in the tax year, the cost of the asset to the person as reduced by any

initial allowance under sec 23
b) in any other case, the cost of the asset to the person as reduced by the total depreciation

deductions ( including any initial allowance under sec 23 ) allowed to the person in respect to the

asset in previous tax years.

• No depreciation deductions allowed where in a tax year a person disposes of a depreciable

asset;


Which of the following is the Tax Treatment of utilities for the year 2009?
Select correct option:
Wholly taxable
Wholly exempted
Exempt up to 10% of MTS
Exempt up to 45% of MTS

Utilities were exempt up to 10% of MTS or Basic salary till 30th June, 2006, vide clause 38 of part 1 of

Second Schedule. This clause has been omitted by Finance Act, 2006. Hence no exemption is available for tax year 2009.

Question # 12 of 15 ( Start time: 06:46:25 PM ) Total Marks: 1
In the normal circumstances on which of the following tax is charged?
Select correct option:
Gross Receipt
Total Income
Taxable Income
All of the given options



Question # 13 of 15 ( Start time: 06:47:17 PM ) Total Marks: 1
As per clause 13(iii) of the part 1 of second schedule, if gratuity fund is approved by CBR, the amount of fund exempted up to Rs. 200,000 and any amount exceeding it will be taxed in which of the following way?
Select correct option:
Salary Income
Income from Business
Capital gain
Other Income



Question # 14 of 15 ( Start time: 06:48:20 PM ) Total Marks: 1
Which of the following is the deductible allowance from the income of an individual?
Select correct option:
Zakat
Worker’s Welfare Fund
Work’s Participation Fund
All of the given options

Deductible Allowance:

The person shall be entitled to a deductible allowance for any Zakat paid by the person in a tax year

according to provisions of sec.60, for the amount of any Workers’ Welfare Fund paid by the person in a tax year under Sec 60-A, for the amount of any Workers’ Participation Fund paid by the person in a tax year under section 60-B.

Question # 15 of 15 ( Start time: 06:49:09 PM ) Total Marks: 1
Any gain arising on the disposal of shares in a resident company belongs to which of the following?
Select correct option:
Foreign source of income
Pakistan source income
Both Pakistan and foreign source of income
None of the given option


Any gain arising on the disposal of shares in a resident company shall be Pakistan- source income.P29

GDB solution of cs504


Discuss software engineering practices/techniques by software industry in

Pakistan?



Pakistansoftware industry is using the techniques by which the Software Engineers can build the designs without any bottleneck and the software can run according to the code. The Industry is using efficient methods of code debugging. Development Processes are being given first priority to watch overall the manufactured software. Variation control procedure is considered to gain coverage through the function test. Product development which is compulsory to run on different palate forms, testing is considered essential for each and every one plate form. Industry is performing the best Beta Audience Technique. Industry is making an environment which will test the execution of required data automatically. Industry is working to reduce the complexity of writing test cases. The best practice of usability testing should also have knowledge about advance in the area of Human Computer Interface.

GDB solution of cs504


Discuss software engineering practices/techniques by software industry in

Pakistan?



Pakistansoftware industry is using the techniques by which the Software Engineers can build the designs without any bottleneck and the software can run according to the code. The Industry is using efficient methods of code debugging. Development Processes are being given first priority to watch overall the manufactured software. Variation control procedure is considered to gain coverage through the function test. Product development which is compulsory to run on different palate forms, testing is considered essential for each and every one plate form. Industry is performing the best Beta Audience Technique. Industry is making an environment which will test the execution of required data automatically. Industry is working to reduce the complexity of writing test cases. The best practice of usability testing should also have knowledge about advance in the area of Human Computer Interface.

ACC501 - Business Finance GDB solution

Capital structure of ABC Company has a mixture of debt and equity. The company is considering a restructuring that would involve issuing more debt and using proceeds to buy back some of the outstanding equity. How it will effect on financial leverage?



Below is the idea to solve subject GDB. Kindly don't copy as it is, take idea from here and make it in your own style / words. 

1. Issuing More Debts means that we are issuing bonds / debentures etc. 
2. Buy back some outstanding equity means we are invoking Call Provision for our shares. 
3. Effect on financial leverage shall be positive. 

Kindly review related lectures for a better understanding.

ACC501 - Business Finance GDB solution

Capital structure of ABC Company has a mixture of debt and equity. The company is considering a restructuring that would involve issuing more debt and using proceeds to buy back some of the outstanding equity. How it will effect on financial leverage?



Below is the idea to solve subject GDB. Kindly don't copy as it is, take idea from here and make it in your own style / words. 

1. Issuing More Debts means that we are issuing bonds / debentures etc. 
2. Buy back some outstanding equity means we are invoking Call Provision for our shares. 
3. Effect on financial leverage shall be positive. 

Kindly review related lectures for a better understanding.

CS201 GDB solution

To enrich the vision of Logical, Analytical, and Programming skills of students at the basic level of learning; the selection of “C” language is most appropriate. Support or contradict this statement with solid reasons


Idea Solution:-

"C" language is very complex and supportive to hardware language. Which is very much interactive if someone work with hard work. Still it is on top why? because it is providing all fundamental programming concepts. Which are used now a days. If someone learn "C" language then he can learn any other higher level language. It is vastly tought in universities. After this the higher level languges comes, because it is used to developed the header files, classes, structures and on graphics if someone want to work deeply he/she will use this. So i my self strongly support this. If someone is biggner or professional he/she should learn "C" language


Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks 

MGT502 Current Quiz

Question # 1 of 15 ( Start time: 06:02:06 AM ) Total Marks: 1 

Asad is informing employees about the new disciplinary actions approved by the higher management. This is an example of:
Select correct option:

Upward communication
Downward communication
Diagonal communication
Horizontal communication

Question # 2 of 15 ( Start time: 06:03:20 AM ) Total Marks: 1
Which of the following is not a core topic of organizational behavior?
Select correct option:

Motivation
Attitude development
Conflict
Resource allocation

Question # 3 of 15 ( Start time: 06:04:35 AM ) Total Marks: 1
When all communication is channeled through one person, which of the following communication network exists?
Select correct option:

Direct
Chain
Lateral
Wheel

Question # 4 of 15 ( Start time: 06:05:22 AM ) Total Marks: 1
Which of the following is NOT one of the six universal emotions, as agreed upon by most contemporary researchers?
Select correct option:

Anger
Fear
Hate
Sadness

Question # 5 of 15 ( Start time: 06:05:56 AM ) Total Marks: 1
Decrease in tenure can increase
Select correct option:

Innovation
Productivity
Creativity
Absenteeism

Question # 6 of 15 ( Start time: 06:07:23 AM ) Total Marks: 1
The Fiedler model proposes:
Select correct option:

Changing the leader
Changing the situation
Matching leaders and situations
Changing the employees

Question # 7 of 15 ( Start time: 06:08:49 AM ) Total Marks: 1
While managing political behaviors in organization, the manager requires discouraging:
Select correct option:

Negotiation
Relationships
Self interest
Dialogue

Question # 8 of 15 ( Start time: 06:10:11 AM ) Total Marks: 1
Mr.Adnan is an effective and good manager because he has the ability to handle emotions of employees.Which element of Emotional intelligence is Mr.Adnan equipped with?
Select correct option:

Social Skill
Empathy
Self Motivation
Self Management

Question # 9 of 15 ( Start time: 06:11:01 AM ) Total Marks: 1
Which of the following conflicts are almost always dysfunctional?
Select correct option:

Task
Relationship
Process
Personal

Question # 10 of 15 ( Start time: 06:12:27 AM ) Total Marks: 1
Which of the following is an important moderator of the satisfaction-turnover relationship?
Select correct option: vusolutions

Organization’s culture
Management style
Employee’s level of performance
Employee’s values and attitudes

Question # 11 of 15 ( Start time: 06:13:38 AM ) Total Marks: 1
If everyone who is faced with a similar situation responds in the same way,attribution theory states that the behavior shows _____.
Select correct option:

Consensus
Similarity
Reliability
Consistency

Question # 12 of 15 ( Start time: 06:14:00 AM ) Total Marks: 1
Which of the following is NOT an individual factor related to political behavior?
Select correct option:

Organizational investment
Perceived job alternatives
Zero-sum reward practices
Level of self-monitoring

Question # 13 of 15 ( Start time: 06:15:24 AM ) Total Marks: 1
Which of the following statements is NOT true about the difference between men and women when it comes to emotional reactions?
Select correct option:

Women show greater emotional expression
Men express emotions more intensely
Women express emotions more intensely
Men express anger more frequently

Question # 14 of 15 ( Start time: 06:16:27 AM ) Total Marks: 1
Mr.Ajmal is considered as one of the most organized and self-disciplined employee of XYZ company. He is exhibiting which of the following dimension of the Big five model of personality?
Select correct option:

Agreeableness
Open to Experience
Conscientiousness
Emotional Stability

Question # 15 of 15 ( Start time: 06:17:50 AM ) Total Marks: 1
Which one of the following Group types is organizationally determined?
Select correct option:

Task
Work
Authority
Social

Another Quiz:-

Question # 1 of 15 ( Start time: 06:42:27 AM ) Total Marks: 1
In the late 1940s, most manufacturing jobs in industrialized countries were being done with high _____.
Select correct option:

Departmentalization
Decentralization
Work specialization
Generalized structure

Question # 2 of 15 ( Start time: 06:43:01 AM ) Total Marks: 1
Ali wants to buy a motor bike. He goes to the showroom and sees different models of bikes. He likes one of them very much and wants to purchase it. He asks the price from dealer which is more then his range. Both of them then negotiate over price. This is an example of:
Select correct option: vusolutions

BATNA
Distributive negotiation
Integrative negotiation
Third party negotiation

Question # 3 of 15 ( Start time: 06:44:07 AM ) Total Marks: 1
Self-managed teams are typically comprised of how many members?
Select correct option:

2-5
5-10
10-15
Over 100

Question # 4 of 15 ( Start time: 06:44:55 AM ) Total Marks: 1
In Ravi trading company, there is low formalization, a comprehensive information network, and high participation in decision making. What is its organizational structure?
Select correct option:

Simple
Mechanistic
Organic
Matrix

Question # 5 of 15 ( Start time: 06:46:23 AM ) Total Marks: 1
Mr. Rahman discusses job related problems with supervisor and attempts to improve conditions actively. It is an example of which of the following ways through which employees express dissatisfaction?
Select correct option:

Neglect
Loyalty
Exit
Voice

Question # 6 of 15 ( Start time: 06:47:05 AM ) Total Marks: 1
What term is used for the extent to which an individual displays different behaviors in different situations?
Select correct option:

Continuity
Integrity
Stability
Distinctiveness

Question # 7 of 15 ( Start time: 06:47:33 AM ) Total Marks: 1
Which of the following term is used to define tendency to draw a general impression about an individual on the basis of a single characteristic?
Select correct option:

Contrast Effect
Halo effect
Self-Serving bias
Selective Perception

Question # 8 of 15 ( Start time: 06:47:51 AM ) Total Marks: 1
All of the following are characteristics of the organic model except:
Select correct option:

Cross-functional teams
Narrow spans of control
Cross-hierarchical teams
Employee discretion

Question # 9 of 15 ( Start time: 06:49:01 AM ) Total Marks: 1
Emotional intelligence appears to be especially relevant in jobs that demand which of the following?
Select correct option:

Social Interaction
Commitment
Charisma
Leadership Skills

Question # 10 of 15 ( Start time: 06:49:18 AM ) Total Marks: 1
Zahid is undergoing a great deal of stress at his job. Zahid performs several duties during the course of a day and finds that the accomplishment of one duty directly competes or interferes with the successful accomplishment of another duty. It can be said that Zahid is most probably experiencing:
Select correct option:

Role ambiguity
Role conflict
Personal conflict
Relationship conflict

Question # 11 of 15 ( Start time: 06:50:20 AM ) Total Marks: 1
Which of the following is one of the most popular ways to ***** activities?
Select correct option:

Product
Function
Geography
Process

Question # 12 of 15 ( Start time: 06:51:37 AM ) Total Marks: 1
Imran is the head of a ***** at an advertising agency working with artists and designers to come up with effective branding of new products. Why is it particularly important for him to keep his team happy?
Select correct option:

People are more conscientious when they are in a good mood
People are more efficient when they are in a good mood
People are more productive when they are in a good mood
People are more creative when they are in a good mood

Question # 13 of 15 ( Start time: 06:51:56 AM ) Total Marks: 1
The organizational design of ZIA enterprise is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization. What is the organizational design of ZIA enterprise?
Select correct option:

Bureaucracy
Matrix organization
Simple structure
Team structure

Question # 14 of 15 ( Start time: 06:52:58 AM ) Total Marks: 1
The divisional head of P&B Corporation notices that some managers with wide spans of control seem to perform more effectively than other managers with similarly-sized spans of control. Which of the following statements is most likely true regarding the high-performing managers?
Select correct option:

These managers are paid higher salaries than the low-performing managers
The employees within their departments have poor communication with each other
These managers discourage employee autonomy, which produces uniform results
The employees within their departments are highly skilled and knowledgeable

Question # 15 of 15 ( Start time: 06:54:26 AM ) Total Marks: 1
Management roles(Interpersonal, Informational,Decisional) were coined by
Select correct option:

Henry Mintzberg
Peter Drucker
Michael E. Porter
Bill Gates

CS201 GDB solution

To enrich the vision of Logical, Analytical, and Programming skills of students at the basic level of learning; the selection of “C” language is most appropriate. Support or contradict this statement with solid reasons


Idea Solution:-

"C" language is very complex and supportive to hardware language. Which is very much interactive if someone work with hard work. Still it is on top why? because it is providing all fundamental programming concepts. Which are used now a days. If someone learn "C" language then he can learn any other higher level language. It is vastly tought in universities. After this the higher level languges comes, because it is used to developed the header files, classes, structures and on graphics if someone want to work deeply he/she will use this. So i my self strongly support this. If someone is biggner or professional he/she should learn "C" language


Please do make changes in these assignment otherwise every one who copy this assignment as it is will awarded zero marks 

MGT502 Current Quiz

Question # 1 of 15 ( Start time: 06:02:06 AM ) Total Marks: 1 

Asad is informing employees about the new disciplinary actions approved by the higher management. This is an example of:
Select correct option:

Upward communication
Downward communication
Diagonal communication
Horizontal communication

Question # 2 of 15 ( Start time: 06:03:20 AM ) Total Marks: 1
Which of the following is not a core topic of organizational behavior?
Select correct option:

Motivation
Attitude development
Conflict
Resource allocation

Question # 3 of 15 ( Start time: 06:04:35 AM ) Total Marks: 1
When all communication is channeled through one person, which of the following communication network exists?
Select correct option:

Direct
Chain
Lateral
Wheel

Question # 4 of 15 ( Start time: 06:05:22 AM ) Total Marks: 1
Which of the following is NOT one of the six universal emotions, as agreed upon by most contemporary researchers?
Select correct option:

Anger
Fear
Hate
Sadness

Question # 5 of 15 ( Start time: 06:05:56 AM ) Total Marks: 1
Decrease in tenure can increase
Select correct option:

Innovation
Productivity
Creativity
Absenteeism

Question # 6 of 15 ( Start time: 06:07:23 AM ) Total Marks: 1
The Fiedler model proposes:
Select correct option:

Changing the leader
Changing the situation
Matching leaders and situations
Changing the employees

Question # 7 of 15 ( Start time: 06:08:49 AM ) Total Marks: 1
While managing political behaviors in organization, the manager requires discouraging:
Select correct option:

Negotiation
Relationships
Self interest
Dialogue

Question # 8 of 15 ( Start time: 06:10:11 AM ) Total Marks: 1
Mr.Adnan is an effective and good manager because he has the ability to handle emotions of employees.Which element of Emotional intelligence is Mr.Adnan equipped with?
Select correct option:

Social Skill
Empathy
Self Motivation
Self Management

Question # 9 of 15 ( Start time: 06:11:01 AM ) Total Marks: 1
Which of the following conflicts are almost always dysfunctional?
Select correct option:

Task
Relationship
Process
Personal

Question # 10 of 15 ( Start time: 06:12:27 AM ) Total Marks: 1
Which of the following is an important moderator of the satisfaction-turnover relationship?
Select correct option: vusolutions

Organization’s culture
Management style
Employee’s level of performance
Employee’s values and attitudes

Question # 11 of 15 ( Start time: 06:13:38 AM ) Total Marks: 1
If everyone who is faced with a similar situation responds in the same way,attribution theory states that the behavior shows _____.
Select correct option:

Consensus
Similarity
Reliability
Consistency

Question # 12 of 15 ( Start time: 06:14:00 AM ) Total Marks: 1
Which of the following is NOT an individual factor related to political behavior?
Select correct option:

Organizational investment
Perceived job alternatives
Zero-sum reward practices
Level of self-monitoring

Question # 13 of 15 ( Start time: 06:15:24 AM ) Total Marks: 1
Which of the following statements is NOT true about the difference between men and women when it comes to emotional reactions?
Select correct option:

Women show greater emotional expression
Men express emotions more intensely
Women express emotions more intensely
Men express anger more frequently

Question # 14 of 15 ( Start time: 06:16:27 AM ) Total Marks: 1
Mr.Ajmal is considered as one of the most organized and self-disciplined employee of XYZ company. He is exhibiting which of the following dimension of the Big five model of personality?
Select correct option:

Agreeableness
Open to Experience
Conscientiousness
Emotional Stability

Question # 15 of 15 ( Start time: 06:17:50 AM ) Total Marks: 1
Which one of the following Group types is organizationally determined?
Select correct option:

Task
Work
Authority
Social

Another Quiz:-

Question # 1 of 15 ( Start time: 06:42:27 AM ) Total Marks: 1
In the late 1940s, most manufacturing jobs in industrialized countries were being done with high _____.
Select correct option:

Departmentalization
Decentralization
Work specialization
Generalized structure

Question # 2 of 15 ( Start time: 06:43:01 AM ) Total Marks: 1
Ali wants to buy a motor bike. He goes to the showroom and sees different models of bikes. He likes one of them very much and wants to purchase it. He asks the price from dealer which is more then his range. Both of them then negotiate over price. This is an example of:
Select correct option: vusolutions

BATNA
Distributive negotiation
Integrative negotiation
Third party negotiation

Question # 3 of 15 ( Start time: 06:44:07 AM ) Total Marks: 1
Self-managed teams are typically comprised of how many members?
Select correct option:

2-5
5-10
10-15
Over 100

Question # 4 of 15 ( Start time: 06:44:55 AM ) Total Marks: 1
In Ravi trading company, there is low formalization, a comprehensive information network, and high participation in decision making. What is its organizational structure?
Select correct option:

Simple
Mechanistic
Organic
Matrix

Question # 5 of 15 ( Start time: 06:46:23 AM ) Total Marks: 1
Mr. Rahman discusses job related problems with supervisor and attempts to improve conditions actively. It is an example of which of the following ways through which employees express dissatisfaction?
Select correct option:

Neglect
Loyalty
Exit
Voice

Question # 6 of 15 ( Start time: 06:47:05 AM ) Total Marks: 1
What term is used for the extent to which an individual displays different behaviors in different situations?
Select correct option:

Continuity
Integrity
Stability
Distinctiveness

Question # 7 of 15 ( Start time: 06:47:33 AM ) Total Marks: 1
Which of the following term is used to define tendency to draw a general impression about an individual on the basis of a single characteristic?
Select correct option:

Contrast Effect
Halo effect
Self-Serving bias
Selective Perception

Question # 8 of 15 ( Start time: 06:47:51 AM ) Total Marks: 1
All of the following are characteristics of the organic model except:
Select correct option:

Cross-functional teams
Narrow spans of control
Cross-hierarchical teams
Employee discretion

Question # 9 of 15 ( Start time: 06:49:01 AM ) Total Marks: 1
Emotional intelligence appears to be especially relevant in jobs that demand which of the following?
Select correct option:

Social Interaction
Commitment
Charisma
Leadership Skills

Question # 10 of 15 ( Start time: 06:49:18 AM ) Total Marks: 1
Zahid is undergoing a great deal of stress at his job. Zahid performs several duties during the course of a day and finds that the accomplishment of one duty directly competes or interferes with the successful accomplishment of another duty. It can be said that Zahid is most probably experiencing:
Select correct option:

Role ambiguity
Role conflict
Personal conflict
Relationship conflict

Question # 11 of 15 ( Start time: 06:50:20 AM ) Total Marks: 1
Which of the following is one of the most popular ways to ***** activities?
Select correct option:

Product
Function
Geography
Process

Question # 12 of 15 ( Start time: 06:51:37 AM ) Total Marks: 1
Imran is the head of a ***** at an advertising agency working with artists and designers to come up with effective branding of new products. Why is it particularly important for him to keep his team happy?
Select correct option:

People are more conscientious when they are in a good mood
People are more efficient when they are in a good mood
People are more productive when they are in a good mood
People are more creative when they are in a good mood

Question # 13 of 15 ( Start time: 06:51:56 AM ) Total Marks: 1
The organizational design of ZIA enterprise is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single person, and little formalization. What is the organizational design of ZIA enterprise?
Select correct option:

Bureaucracy
Matrix organization
Simple structure
Team structure

Question # 14 of 15 ( Start time: 06:52:58 AM ) Total Marks: 1
The divisional head of P&B Corporation notices that some managers with wide spans of control seem to perform more effectively than other managers with similarly-sized spans of control. Which of the following statements is most likely true regarding the high-performing managers?
Select correct option:

These managers are paid higher salaries than the low-performing managers
The employees within their departments have poor communication with each other
These managers discourage employee autonomy, which produces uniform results
The employees within their departments are highly skilled and knowledgeable

Question # 15 of 15 ( Start time: 06:54:26 AM ) Total Marks: 1
Management roles(Interpersonal, Informational,Decisional) were coined by
Select correct option:

Henry Mintzberg
Peter Drucker
Michael E. Porter
Bill Gates

Friday, July 16, 2010

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CLICK THE PICTURE AND SEE THE MAGIC
Photo of a big bunny rabbit!

CLICK THE PICTURE AND SEE THE MAGIC