Model Practice Paper
GCU Lahore BS Entry Test Sample - Commerce/BAF/FinTech
Practice and review GCU Lahore BS Entry Test Sample - Commerce/BAF/FinTech with verified questions, correct answer keys, and detailed solutions. GCU Lahore BS Entry Test Sample — Commerce/BAF/FinTech. Local file: scrape-results/model-papers/pdfs/BS-Commerce-Sample-Entry-Test.pdf
Total Questions
10 Qs
Duration Limit
120 Min
Negative Mark
0.00
Attempt Count
0
Model Practice Questions & Solutions
10 questions (1 solved, 9 official sample questions)
1
What is the function of a commercial bank?
Official Sample (Unsolved)
Area, Population and Official Languages
a
Issuing currency
b
Conducting elections
c
Accepting deposits
d
Printing books
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
2
What is meant by "credit"?
Official Sample (Unsolved)
Area, Population and Official Languages
a
Paying immediately
b
Selling at loss
c
paying later
d
Bartering
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
3
What is a cheque?
Official Sample (Unsolved)
Area, Population and Official Languages
a
Currency note
b
Online transfer method
c
Written order to pay money
d
Bank loan form
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
4
The economic system of Pakistan is:
Official Sample (Unsolved)
Economy & Finance in Pakistan
a
Socialist
b
Mixed Economy
c
Capitalist
d
Communist
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
5
What is the function of the SECP in Pakistan?
Official Sample (Unsolved)
Area, Population and Official Languages
a
Regulate media
b
Print money
c
Manage banks
d
Supervise stock markets
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
6
"Break-even point" is when:
Official Sample (Unsolved)
Area, Population and Official Languages
a
Loss is maximum
b
Profit is maximum
c
Revenue = Cost
d
Inventory is zero
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
7
"Assets = Liabilities + Owner's Equity" is known as:
Official Sample (Unsolved)
Area, Population and Official Languages
a
Profit formula
b
Business law
c
Accounting equation
d
Tax formula
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
8
An audit is:
Official Sample (Unsolved)
Guinness World Records (General Knowledge Focus)
a
A penalty
b
A tax
c
An examination of financial records
d
A business plan
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
9
Which document shows the financial position of a business at a specific date?
Official Sample (Unsolved)
Area, Population and Official Languages
a
Income Statement
b
Balance Sheet
c
Cash Flow Statement
d
Trial Balance
Official university sample test — answer key not published in admissions prospectus.
Propose Solution
10
A current account is mainly used for:
Guinness World Records (General Knowledge Focus)
a
Earning interest
b
Fixed deposits
c
Daily transactions
d
Foreign exchange Essay Topics (10 Marks) Instructions: Attempt any one of the following essays. Write your answer with a proper heading and use sub-headings where appropriate to organize your ideas clearly. Question 1: Discuss why learning about business, finance, and entrepreneurship is important for students and young professionals. How does business knowledge help in personal and national development?
About This Paper
GCU Lahore BS Entry Test Sample — Commerce/BAF/FinTech. Local file: scrape-results/model-papers/pdfs/BS-Commerce-Sample-Entry-Test.pdf
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Topic Weightage
Area, Population and Official Languages
70%
Guinness World Records (General Knowledge Focus)
20%
Economy & Finance in Pakistan
10%