Model Practice Paper

GCU Lahore Entry Test - BS Business Accounting & Finance, Commerce, Financial Technology

Practice and review GCU Lahore Entry Test - BS Business Accounting & Finance, Commerce, Financial Technology with verified questions, correct answer keys, and detailed solutions. Official GCU Lahore BS entry test sample paper for BS Business Accounting & Finance, Commerce, Financial Technology. Downloaded from gcu.edu.pk. Local PDF: scrape-results/gcu-pdfs/BS-Commerce-Sample-Entry-Test.pdf

Total Questions 10 Qs

Duration Limit 120 Min

Negative Mark 0.00

Attempt Count 0

Practice Modes

Model Practice Questions & Solutions

10 questions (1 solved, 9 official sample questions)

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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

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

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

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

What is the function of the SECP in Pakistan?

Official Sample (Unsolved) Economy & Finance in Pakistan

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

"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

"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

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

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

A current account is mainly used for:

Financial Action Task Force (FATF)

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

Official GCU Lahore BS entry test sample paper for BS Business Accounting & Finance, Commerce, Financial Technology. Downloaded from gcu.edu.pk. Local PDF: scrape-results/gcu-pdfs/BS-Commerce-Sample-Entry-Test.pdf

Solved past papers are useful not only for checking scores but for reviewing explanation guidelines for tricky concepts. Download the PDF files for offline revisions.

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Topic Weightage

Area, Population and Official Languages 60%

Economy & Finance in Pakistan 20%

Guinness World Records (General Knowledge Focus) 10%

Financial Action Task Force (FATF) 10%

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