Wednesday, August 6, 2025
MCQS DATA, STUDY NOTES, PAST PAPERS FOR EXAMS
No Result
View All Result
  • Login
  • Register
  • Home
  • CSS
    • current affairs
    • article
    • Newspaper clippings
    • Essay
    • Precise Writing
  • MCQS
    • English
    • General Knowledge
    • Pak Affairs
  • Past Papers
    • FPSC
    • PPSC
  • Books
  • Scholarships
  • jobs
  • Quots
  • Home
  • CSS
    • current affairs
    • article
    • Newspaper clippings
    • Essay
    • Precise Writing
  • MCQS
    • English
    • General Knowledge
    • Pak Affairs
  • Past Papers
    • FPSC
    • PPSC
  • Books
  • Scholarships
  • jobs
  • Quots
No Result
View All Result
MCQSNOTES.com
No Result
View All Result
Home FPSC

National Savings Officer FPSC

August 11, 2020
in FPSC, Past Papers
0
National Savings Officer FPSC

National Savings Officer FPSC (BS-17) Test 2020 Syllabus

The Syllabus of National Savings Officer FPSC is expected on the basis of Past Papers & Required Qualification:

1. English

Vocabulary, Grammar Usage, Sentence Structuring

2. Computer (MS-Office)


3. Accounting


4. Finance


5. Auditing


6. G.K (Islamic studies & Pakistan Affairs)


Note: This syllabus will be updated if any changes is made by FPSC.

 

TEST PREPARATION MATERIAL FOR THE POST OF NATIONAL SAVINGS OFFICER FPSC

 

Jump to section

2. National Savings Officer FPSC Past Papers 2001

  • 1. National Savings Officer FPSC Past Papers 2000
  • 2. National Savings Officer FPSC Past Papers 2001

Accounting & Audting Paper-I (2001)

Write only the correct answer in the Answer Book. Do not reproduce the questions.

(1) The measureable value of an alternative use of resources is referred to as:
(a) An opportunity cost
(b) An imputed cost
(c) A different cost
(d) A sunk cost
(e) None of these

 

(2) A quantitative expression of management objectives is an:
(a) Organizational chart
(b)Management chart
(c) Budget
(d) Procedural chart
(e) None of these

 

(3) A cost center is:
(a) A unit of production in relation to which costs are ascertained
(b) A location which is responsible for controlling direct costs
(c) Part of the factory overhead system by which costs are gathered
(d) Any location or department which incurs cost
(e) None of these

 

(4) At break-even point of 400 units sold the variable costs were Rs. 400 and the fixed costs were Rs.200. What will be the 401 units sold contributing to profit before income tax?
(a) Rs. 0.00
(b) Rs. 0.50
(c) Rs. 1.00
(d) Rs. 1.50
(e) None of these

 

(5) In considering a special order situation that will enable a company to make use of currently idle capacity, which of the following cost will be irrelevant:
(a) Materials
(b) Depreciation
(c) Direct labour
(d) Variable factory overhead
(e) None of these

 

(6) A fixed cost:
(a) May change in total when such change is not related to changes in production
(b) Will not change in total because it is not related to changes in production
(c) Is constant per unit for each unit of change in production
(d) May change in total, depending on production with the relevant range
(e) None of these

 

(7) Completion of a job is result in:
(a) DR finished goods …….. CR WIP
(b) DR Cost of goods ……… CR finished goods
(c) DR WIP ……………..….….. CR FOH control
(d) DR FOH control …….….. CR FOH applied
(e) None of these

 

(8) Operating cost in often named as:
(a) Manufacturing cost plus commercial expenses
(b) Prime cost plus factory overheads
(c) Direct material plus direct labour
(d) Selling plus administrative expenses
(e) None of these

 

(9) Expenses such as rent and depreciation of a building are shared by several departments these are:
(a) Indirect expenses
(b) Direct expenses
(c) Joint expenses
(d) All of the above
(e) None of these

 

(10) If under applied FOH is closed to cost of goods sold, the journal entry is:
(a) DR Cost of goods sold …….. CR FOH control
(b) DR FOH control ……..……….. CR Cost of goods sold
(c) DR FOH control ……..……….. CR Profit % loss account
(d) None of these

 

(11) Re-order quantity …… 3600 units
Maximum consumption …… 900 units per week
Minimum comsumption …….300 units per week
Re-order period …………….….5 weeks
Based on this data Re-order level is:
(a) 4500 units
(b) 3900 units
(c) 1200 units
(d) 400 units
(e) None of these

 

(12) The time lag between indenting and receiving material is called:
(a) Lead time
(b) Idle time
(c) Stock out time
(d) None of these

 

(13) A credit balance remaining in FOH Control account is called:
(a) Over-applied overhead
(b) Under-applied overhead
(c) Actual overhead
(d) None of these

 

(14) Direct material cost plus direct labour cost is called:
(a) Prime cost
(b) Conversion cost
(c) Product cost
(d) All of these
(e) None of these

 

(15) Productivity means:
(a) The ability to produce
(b) All units produced
(c) Good units produced
(d) None of these

 

(16) A segment of the business that generates both revenue and cost is called:
(a) Profit Center
(b) Cost Center
(c) Cost driver
(d) All of these
(e) None of these

 

(17) Verification includes:
(a) Checking vouchers
(b) Examining audit report
(c) None of these

 

(18) Audit of a bank is generally conducted through:
(a) Routine checking
(b) Vouching
(c) Balance sheet audit
(d) None of these

 

(19) Economics resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
(b) Owner’s equity
(c) Withdrawals
(d) Assets
(e) None of these

 

(20) Short term Loan can be best described as:
(a) If the period is three years
(b) If the period is less than one year
(c) If the period is over one year
(d) None of these

Accounting & Audting Paper-II (2001)

Write only the correct answer in the Answer Book. Do not reproduce the questions.

(1) The measureable value of an alternative use of resources is referred to as:
(a) An opportunity cost
(b) An imputed cost
(c) A different cost
(d) A sunk cost
(e) None of these

 

(2) A quantitative expression of management objectives is an:
(a) Organizational chart
(b)Management chart
(c) Budget
(d) Procedural chart
(e) None of these

 

(3) A cost center is:
(a) A unit of production in relation to which costs are ascertained
(b) A location which is responsible for controlling direct costs
(c) Part of the factory overhead system by which costs are gathered
(d) Any location or department which incurs cost
(e) None of these

 

(4) At break-even point of 400 units sold the variable costs were Rs. 400 and the fixed costs were Rs.200. What will be the 401 units sold contributing to profit before income tax?
(a) Rs. 0.00
(b) Rs. 0.50
(c) Rs. 1.00
(d) Rs. 1.50
(e) None of these

 

(5) In considering a special order situation that will enable a company to make use of currently idle capacity, which of the following cost will be irrelevant:
(a) Materials
(b) Depreciation
(c) Direct labour
(d) Variable factory overhead
(e) None of these

 

(6) A fixed cost:
(a) May change in total when such change is not related to changes in production
(b) Will not change in total because it is not related to changes in production
(c) Is constant per unit for each unit of change in production
(d) May change in total, depending on production with the relevant range
(e) None of these

 

(7) Completion of a job is result in:
(a) DR finished goods …….. CR WIP
(b) DR Cost of goods ……… CR finished goods
(c) DR WIP ……………..….….. CR FOH control
(d) DR FOH control …….….. CR FOH applied
(e) None of these

 

(8) Operating cost in often named as:
(a) Manufacturing cost plus commercial expenses
(b) Prime cost plus factory overheads
(c) Direct material plus direct labour
(d) Selling plus administrative expenses
(e) None of these

 

(9) Expenses such as rent and depreciation of a building are shared by several departments these are:
(a) Indirect expenses
(b) Direct expenses
(c) Joint expenses
(d) All of the above
(e) None of these

 

(10) If under applied FOH is closed to cost of goods sold, the journal entry is:
(a) DR Cost of goods sold …….. CR FOH control
(b) DR FOH control ……..……….. CR Cost of goods sold
(c) DR FOH control ……..……….. CR Profit % loss account
(d) None of these

 

(11) Re-order quantity …… 3600 units
Maximum consumption …… 900 units per week
Minimum comsumption …….300 units per week
Re-order period …………….….5 weeks
Based on this data Re-order level is:
(a) 4500 units
(b) 3900 units
(c) 1200 units
(d) 400 units
(e) None of these

 

(12) The time lag between indenting and receiving material is called:
(a) Lead time
(b) Idle time
(c) Stock out time
(d) None of these

 

(13) A credit balance remaining in FOH Control account is called:
(a) Over-applied overhead
(b) Under-applied overhead
(c) Actual overhead
(d) None of these

 

(14) Direct material cost plus direct labour cost is called:
(a) Prime cost
(b) Conversion cost
(c) Product cost
(d) All of these
(e) None of these

 

(15) Productivity means:
(a) The ability to produce
(b) All units produced
(c) Good units produced
(d) None of these

 

(16) A segment of the business that generates both revenue and cost is called:
(a) Profit Center
(b) Cost Center
(c) Cost driver
(d) All of these
(e) None of these

 

(17) Verification includes:
(a) Checking vouchers
(b) Examining audit report
(c) None of these

 

(18) Audit of a bank is generally conducted through:
(a) Routine checking
(b) Vouching
(c) Balance sheet audit
(d) None of these

 

(19) Economics resources of a business that are expected to be of benefit in the future are referred to as:
(a) Liabilities
(b) Owner’s equity
(c) Withdrawals
(d) Assets
(e) None of these

 

(20) Short term Loan can be best described as:
(a) If the period is three years
(b) If the period is less than one year
(c) If the period is over one year
(d) None of these


National Savings Officer FPSC Past Papers 2002

Accounting & Auditing Paper-I (2002)

(1) Maximum number of partners in a partnership firm set up in Pakistan under Partnership Act, 1932 is:
(a) 5
(b) 25
(c) 20
(d) None of these

 

(2) Preparation of final financial reports is governed in Pakistan under:
(a) No law
(b) Companies Ordinance 1984
(c) None of these

 

(3) Depreciation is based on:
(a) Economic life of asset
(b) Declared life of asset by supplier
(c) Normal life of asset
(d) None of these

 

(4) Inventory turnover is calculated as under:
(a) Cost of Goods sold/Closing Inventory
(b) Gross profit/Closing Inventory
(c) Sales/Opening Inventory
(d) None of these

 

(5) There is a difference between:
(a) Worksheet and Balance Sheet
(b) Worksheet and profit and loss account
(c) Worksheet as combination of results of profits and financial positions
(d) None of these

 

(6) Deferred Revenue is:
(a) Liability
(b) Asset
(c) None of these

 

(7) Preparation of annual report of a firm is governed under:
(a) Partnership Act 1932
(b) Under partnership Deed
(c) None of these

 

(8) Deferred Taxation amount be treated as:
(a) Foot note
(b) An item in the Balance Sheet on asset side
(c) None of these

 

(9) Return of Equity will be calculated as under:
(a) Operating Profit x 100/Equity
(b) Net profit x 100/Paid up Capital only
(c) None of these

 

(10) Current maturity of long term loan is:
(a) Current Liability
(b) Long Term Liability
(c) None of these


 

Accounting & Auditing Paper-II (2002)

Write only the correct answer in the Answer Book. Do not reproduce the questions.

(1) Prime cost is calculated as under:
(a) Manufacturing Cost/Cost of Goods Sold
(b) Direct Method plus factory overheads
(c) Direct labour + Direct Material
(d) None of these

 

(2) Process Cost is very much applicable in:
(a) Construction Industry
(b) Pharmaceutical Industry
(c) Air line company
(d) None of these

 

(3) The latest computation of variances of manufacturing overheads is in one the following ways:
(a) Two variance approaches
(b) Three variance approaches
(c) Four variance approaches
(d) None of these

 

(4) Random sampling in auditing means:
(a) Selection through convenience sampling
(b) Selection through scientific sampling approach
(c) None of these

 

(5) Expenditure incurred in procuring machinery is:
(a) An admissible expenditure for tax purposes
(b) No admissible for tax purposes
(c) None of these

 

(6) Increase in income constitutes:
(a) Inflows
(b) Outflows
(c) None of these

 

(7) M & A stands for:
(a) Mergers & Analysis
(b) Mergers & Acquisitions
(c) Mergers & Allocation
(d) None of these

 

(8) An endowment insurance policy can be taken in respect of:
(a) Fire insurance
(b) Accident insurance
(c) Life insurance
(d) None of these

 

(9) Audit and special audit are the same:
(a) In Insurance Company
(b) In Banking Company
(c) None of these

 

(10) Acid test is the same as:
(a) Quick test
(b) Liquid test
(c) None of these

 

see also Senior Auditor mcqs in addition to National Savings Officer FPSC Past Papers

FPSC Senior Auditor Test MCQS

Jump to section

2. National Savings Officer FPSC Past Papers 2001

  • 1. National Savings Officer FPSC Past Papers 2000
  • 2. National Savings Officer FPSC Past Papers 2001
Page 2 of 2
Previous 12 Next

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • More
  • Click to print (Opens in new window) Print
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...
Tags: fpscjobspast paper
Previous Post

Sui Northern Gas Pipelines Limited (SNGPL) Jobs 2020

Next Post

Pakistan Flag History

Related Posts

PPSC Most Repeated Computer Science mcqs with answers
MCQS

PPSC Most Repeated Computer Science mcqs with answers

April 16, 2023
FPSC Junior Admin Officer Past Paper
FPSC

FPSC Junior Admin Officer Past Paper 2011

March 19, 2022
PPSC-Assistant-Punjab-Police-Department-Solved-Past-Papers
Past Papers

PPSC Assistant Punjab Police Solved Past Papers

March 19, 2022
PPSC Written Test Tehsildar/ Naib Tehsildar
Past Papers

PPSC Tehsildar/ Naib Tehsildar Written Exam

October 19, 2021

Discussion about this post

No Result
View All Result

Recent Posts

  • UHS MDCAT Result 2024 announced
  • Download Free CV Resume Templates Word / Docx – 2023
  • PPSC Most Repeated Computer Science mcqs with answers
  • University of Macau Scholarships for International Students 2023
  • Bond University Australi Undergraduate Scholarship 2023/2024

Categories

  • article
  • Books
  • CSS
  • current affairs
  • English
  • Essay
  • FPSC
  • General Knowledge
  • jobs
  • Masters Scholarships
  • MCQS
  • Motivational Quotes
  • Newspaper clippings
  • Pak Affairs
  • Past Papers
  • PPSC
  • precis writting
  • Precise Writing
  • Quots
  • Scholarships
  • Syllabus
  • syllabus PPSC LECTURER
  • synonyms
  • Undergraduate Scholarships
  • Urdu
  • vocabulary

Recent Comments

  • Abdul Malik Barech on PPSC Past Paper Junior Clerk (BS-11) S&GAD
  • Shahadat Ali Ranjha on PPSC Research Assistant Solved Past Paper
  • Shahid Munir on First in Pakistan General Knowledge
  • Muhammad Rizwan Iqbal on First in Pakistan General Knowledge
  • Waqar Ahmed on PPSC Past Paper Junior Clerk (BS-11) S&GAD

Blog Stats

  • 625,360 hits

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

MCQSNOTES.COM

At www.mcqsnotes.com, our aim is to provide data on different topics of English, Mathematics, Computer, Urdu, Everyday Science, General knowledge solved mcqs, notes, etc for students, which can be instrumental in boosting general knowledge, preparation of one paper mcqs exams and FPSC/ PPSC/ CSS/ PMS/ NTS/ PTS/ OTS etc and other competitive exams.

Recent Posts

  • UHS MDCAT Result 2024 announced
  • Download Free CV Resume Templates Word / Docx – 2023
  • PPSC Most Repeated Computer Science mcqs with answers
  • University of Macau Scholarships for International Students 2023
  • Bond University Australi Undergraduate Scholarship 2023/2024

Like us

Like us
  • Home
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

© 2022 MCQSNOTES.COM

No Result
View All Result
  • About Us
  • Advertise
  • Blog
  • Buy Adspace
  • Coming Soon
  • Contact Us
  • CSS
  • Dashboard
  • Default Page Template
  • Donation Confirmation
  • Forgot Your Password?
  • Frontend Submission
  • General Information Quiz
  • General Knowledge
  • General Knowledge MCQS Quiz
  • Get In Touch
  • Hide Ads for Premium Members
  • Home
  • Home
  • Homepage
  • Login
  • Meme generator
  • My account
  • Newsletter
  • Our Authors
  • Pick a New Password
  • posts
  • Privacy Policy
  • Profile
  • Quiz
  • Recent comments by me
  • Recent comments on my posts
  • Register
  • Shop
  • Submit post
  • Typography Elements
  • World Records Quiz

© 2022 MCQSNOTES.COM

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d