MGT111 Midterm Solved MCQs

MGT111 MID TERM PAST PAPER

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1) Divisible Pool consist of Income and following taxes and duties except:  Corporate Tax and Sales Tax  Export Duty on Cotton and Sugar  Excise Duty on Tobacco & Tobacco manufactures

 Excise Duty on Cement

2) The government of Pakistan announced record subsidies worth ____________________ on electricity, fertilizer, sugar, petrol, ghee and pulses in the 2007-08 fiscal year.  11 Trillion Rupees  12.6 Billion Dollar  1599 Billion Rupees

 113.92 Billion Rupees

3) Article ___________of constitution provides information for the NFC: “The President shall constitute a National Finance Commission consisting of the Minister of finance of Federal Government, Ministers of Finance of the Provincial Governments etc.”  150  160  180  190

4) A leader has following attributes except  Painstaking  consistency

 Introvert

 Genuine

5) Higher direct taxes _____________________ disposable income.  Increase

 Decrease

 Freeze  None of the given options

Complete the Sentences with suitable words:

1. Optimum size of committee is very important for the __________________ (effectiveness) of the committee.
2. If you purchase a vehicle and the cost of that vehicle in comparison with another model of similar quality is less then you transaction is ____________________. (Economical)
3. According to Elton Mayo, boredom and repetitiveness of many tasks reduced ________________.

(Motivation)

4. ‘Audit’ is post mortem of financial truncations only while ________________________ (performance audit) is the analysis of working of whole organization.
5. If budget of 1st year was 20 billion and you start preparing budget for next year by presuming all item of budget at zero level, this budget is called __________________. (Zero – base budget)

1. Power of an individual because of the relative position and duties of the holder of the position within an organization is known as____________. Referent Power

Legitimate Power

Expert Power Reward Power 2. CSP stands for: Certified System Professional Customer Service Provider

Civil Service of Pakistan

Central Service Preparation 3. Following are the factors affecting public agencies except Political System Economical System

Educational System

International 4. National Defense, Television, Roads, clean air etc. are the examples of Private Goods Club Goods Common Goods

Public Goods

5. The system has the following characteristics except: A system is made up of the several parts. The different parts of a system are interrelated • The different parts of a system work independently. The system has boundaries and purposes 6. All human beings have a need to be respected, to have self-respect, and to respect others. People need to engage themselves in order to gain recognition and have an activity or activities that give the person a sense of contribution, to feel accepted and self-value. According to Maslow this need is called

Belongingness

Ego-Status

Safety Need

7.

Machine 8. National Finance Commission (NFC) decides that from the __________ collected by the government, how much should be given to provinces and how much to the federal government. Investments

Taxes

National Income Remittances 9. People accept responsibility because they are willing to work and agile and active. This is one of the postulates of Y – Theory. This theory was presented by Maslow William Scott Fermont E. Kast

Douglas McGregor

10. The Behavioral school looked at:

Human motivation and social environment

Attitude of the People Interaction with the peers Positive approach

1. _________________ authority is that authority which is acquired as a result of a position.

Parent

Rational-Legal

Charismatic Traditional Authority:

2. Human beings are lazy and docile. This is the negative assumption of _________________.

X – Theory

Y – Theory Maslow Theory Henri Fayol