Solved Past Paper
SPSC Lecturer Commerce Past Paper 16 March 2021
Practice and review SPSC Lecturer Commerce Past Paper 16 March 2021 with verified questions, correct answer keys, and detailed solutions.
Total Questions
50 Qs
Duration Limit
100 Min
Negative Mark
0.00
Attempt Count
0
Solved Questions & Explanations
50 questions with verified answers and explanations
1
Which of the following does not describe a problem with scientific management?
Scientific Management by F.W. Taylor
PYQ
a
Productivity increases may not be reflected in workers' pay.
b
It is better suited to complex jobs.
c
Improvement is not necessarily maintainable.
d
It is better suited to simple jobs.
Also appeared in
2
Which of the following is not a function normally performed by the HR department?
Recruitment and Selection
PYQ
a
Recruitment and selection
b
Accounting
c
Training and development
d
Pay and reward
Also appeared in
3
A forecast with a time horizon of about 3 months to 3 years is typically called a:
Time Value of Money
PYQ
a
Long-range forecast
b
Medium-range forecast
c
Weather forecast
d
Short-range forecast
Also appeared in
4
Budget refers to:
Accounting Equation and Double Entry System
PYQ
a
Steps of handling future activities
b
Planned target of performance
c
Systematic action and allocation of resources
d
Statement of expected results expressed in numerical terms
Also appeared in
5
Short term plans guides:
Scope and Objectives of Financial Management
PYQ
a
lower level management
b
Bridges gap between past and present
c
Forecasting
d
Environmental factors
Also appeared in
6
The Central government may appoint some directors to a period of ______ in case of mismanagement of company Under the Pakistan Companies Act, 2017.
Central Banking and State Bank of Pakistan
PYQ
a
3 and half years
b
Not more than 3 years
c
5 years
d
Not more than 2 years
Also appeared in
7
Changes which take place gradually without any resistance are:
Organizational Culture and Change Management
PYQ
a
Evolutionary
b
Revolutionary
c
Planned
d
Unplanned
Also appeared in
8
In general, Theory Y and Theory X belong to which of the following perspectives?
E-Commerce Models and Applications
PYQ
a
Socio-political
b
Bureaucratic
c
Cultural
d
None of these
Also appeared in
9
According to Fayol's 14 principles of management, "esprit de corps" refers to which of the following?
Fayol_s Principles of Management
PYQ
a
Spirit of the corporation
b
Being treated fairly and kindly
c
Team work and harmony
d
Spirit of work
Also appeared in
10
Which of the following thing's writings are associated with bureaucracy?
Scientific Management by F.W. Taylor
PYQ
a
Max Weber
b
Henri Fayol
c
Frederick Taylor
d
Douglas McGregor
Also appeared in
11
Which analysis is the simultaneous analysis of two variables?
Marginal Costing and Break-even Analysis
PYQ
a
Univariate Analysis
b
Bivariate Analysis
c
Multivariate Analysis
d
Max Weber
Also appeared in
12
A bar chart or graph showing the frequency of occurrence of each value of the variable being analyzed is called:
Time Value of Money
PYQ
a
Bar Chart
b
Histogram
c
Pictograph
d
None of these
Also appeared in
13
How many different sample of size 3 can be taken from the population comprising 5 elements?
Elements of Cost
PYQ
a
5
b
7
c
10
d
11
Also appeared in
14
Disqualifications from becoming a Director of a company is:
Company Final Accounts
PYQ
a
Insolvency
b
Fraudulent, declared by court
c
Unsound mind
d
All of these
Also appeared in
15
Deviation is a term used in:
Material Control and EOQ
PYQ
a
Controlling
b
Motivation
c
Directing
d
Staffing
Also appeared in
16
It is easiest for management to deal with resistance when it is:
Scope and Objectives of Financial Management
PYQ
a
Overt
b
Subtle
c
Passive
d
Impression
Also appeared in
17
The following phrase is used to describe a leader:
Material Control and EOQ
PYQ
a
Relies on control strategies
b
Challenges status quo
c
Uses traditional influence
d
Acts with established culture
Also appeared in
18
A solution to a problem that is arrived at through an unstructured process of decision making is called a:
Decision Making Techniques
PYQ
a
Programmed decision
b
Bounded rationality
c
Non-programmed decision
d
Uncertainty
Also appeared in
19
An example of a communication channel is:
Communication Models
PYQ
a
Context
b
Feedback
c
Noise
d
Face-to-face conversation
Also appeared in
20
Feedback is a listener's:
E-Commerce Models and Applications
PYQ
a
Verbal critique of your message
b
Verbal or nonverbal response
c
Acceptance of a message
d
Aversion to a message
Also appeared in
21
The two basic sources of capital for a firm are debt and equity, which take the form of:
Capital vs Revenue Expenditure and Receipts
PYQ
a
Debentures, Dividends
b
Debentures, Bonds
c
Dividends, Bonds
d
Dividends, Treasury note
Also appeared in
22
Which of the following motives is learned or acquired over a period of time such as power, achievement and affiliation.
Time Value of Money
PYQ
a
Affection motive
b
Secondary motive
c
Primary motive
d
Stimulus motive
Also appeared in
23
Idle plant capacity means:
E-Commerce Models and Applications
PYQ
a
Practical capacity minus normal capacity
b
Minimum capacity minus normal capacity
c
Maximum capacity minus actual capacity
d
Practical capacity minus actual capacity
Also appeared in
24
A Trade discount is:
World Leaders in News
PYQ
a
An increase in quantity given to customers
b
A discount for each year
c
A special sales promotion
d
A reduction in price per unit agent
Also appeared in
25
What is the probability of occurrence of an event whose odds for a change are 7:12?
World Leaders in News
PYQ
a
7/12
b
7/19
c
12/19
d
5/12
Also appeared in
26
The consumer price index number is also known as:
World Leaders in News
PYQ
a
The wholesale price index number
b
The retail price index number
c
The weighted average of the relative price index
d
None of these
Also appeared in
27
The index number which is the geometric mean of the Laspeyre's and Paasche's index numbers is the same as that used by Bank A and B.
Index Numbers and Time Series
PYQ
a
The Laspeyre's Index
b
The Paasche's Index
c
Fisher Index
d
None of these
Also appeared in
28
The petroleum industry is an example of:
E-Commerce Models and Applications
PYQ
a
Monopolistic Competition
b
Pure Oligopoly
c
Duopoly
d
Differentiated Oligopoly
Also appeared in
29
The price of bread increases by 22% and the quantity of bread demanded falls by 25%. This indicates that demand for bread is:
Demand and Supply Analysis
PYQ
a
Elastic
b
Inelastic
c
Unitarily Elastic
d
Perfectly Elastic
Also appeared in
30
A shift in the demand curve (drawn in the traditional Price-Quantity space) to the left may be caused by?
Demand and Supply Analysis
PYQ
a
A decrease in supply
b
A fall in income
c
A fall in the price of a complementary good
d
A fall in the number of substitute goods
Also appeared in
31
The Theorem that advocated standard methodology for doing a task and stipulated that workers were motivated by pay according to output (piecework) is:
Standard Costing and Variance Analysis
PYQ
a
Elton Mayo
b
Max Weber
c
Frederick Taylor
d
Henri Fayol
Also appeared in
32
Theory states that the average employee is lazy and utility to do as little as possible:
Central Banking and State Bank of Pakistan
PYQ
a
X
b
Y
c
Z
d
None of these
Also appeared in
33
Is the study of how to create an organizational structure that leads to high efficiency and effectiveness?
Scientific Management by F.W. Taylor
PYQ
a
Scientific Management
b
Allocation Management
c
Administrative Management
d
Job Specialization
Also appeared in
34
The term "Core competency" was coined by which of the following influential business thinkers?
Scientific Management by F.W. Taylor
PYQ
a
W. Edwards Deming
b
K. Prahalad
c
Ken Blanchard
d
Frederick W. Taylor
Also appeared in
35
In approach, the capital structure decision is relevant to the valuation of the firm:
Capital Structure Theories
PYQ
a
Net Income
b
Net Operating Income
c
Traditional
d
Miller Modigliani
Also appeared in
36
Economic uncertainty, regulatory requirements, and new competitors are examples of what type of factors that managers?
Internal Control and Internal Check
PYQ
a
Intrapersonal Factors
b
Internal Factors
c
Interpersonal Factors
d
External Factors
Also appeared in
37
Which management principle states that each individual should report to only one boss in order to avoid conflict confusion?
Conflict Management
PYQ
a
Division of command
b
Chain of command
c
Unity of direction
d
Unity of command
Also appeared in
38
Which title is given to an individual who is in charge of and coordinates the activities of a group of employees in related activities within a unit of an organization?
World Leaders in News
PYQ
a
Manager
b
Employee
c
Vender
d
Contractor
Also appeared in
39
If two cards are drawn from a deck of cards what are the possible outcomes?
E-Commerce Models and Applications
PYQ
a
521
b
52×52
c
52×51
d
51×52
Also appeared in
40
The rate of interest offered by the fixed deposit scheme of a bank for 365 days and above is 12%. What status of Rs. 20000, after two years if it is invested at his point of time?
Bank Reconciliation Statement
PYQ
a
28032
b
24048
c
22056
d
25088
Also appeared in
41
"Your guess is as good as mine" means:
E-Commerce Models and Applications
PYQ
a
Join a popular trend or activity
b
To hear something from the authoritative source
c
To know the answer
d
To have no idea
Also appeared in
42
We should finish the work before he ______ to work (Fill in the blank).
E-Commerce Models and Applications
PYQ
a
Shall come
b
Would come
c
Comes
d
Will come
Also appeared in
43
Dickens was a great writer ______ his legal plot (Fill in the blanks with an appropriate preposition).
E-Commerce Models and Applications
PYQ
a
Despite
b
Despite of
c
Although
d
In spite of
Also appeared in
44
We are writing letters: (Choose the correct Answer)
E-Commerce Models and Applications
PYQ
a
Letters was being written by us
b
Letters were being written by us
c
Letters are being written by us
d
Letters have been written by us
Also appeared in
45
The oldest written language is:
E-Commerce Models and Applications
PYQ
a
Chinese
b
Arabic
c
Egyptian
d
Sanskrit
Also appeared in
46
Name the largest populated country of the Islamic World.
Islamic Banking in Pakistan
PYQ
a
Indonesia
b
Pakistan
c
Turkey
d
Bangladesh
Also appeared in
47
In which region is Afghanistan located?
Central Banking and State Bank of Pakistan
PYQ
a
Southwest Asia
b
Southeast Asia
c
Both A and B
d
Central Asia
Also appeared in
48
Ramallah is the Headquarter of Palestinian Authority situated at:
Bank Reconciliation Statement
PYQ
a
West Bank
b
Tunis
c
Gaza
d
Jordan
Also appeared in
49
Which of the following countries are in conflict with India on water sharing issue?
Profit Sharing Ratio and Capital Accounts
PYQ
a
Pakistan
b
Bangladesh
c
Nepal
d
None of these
Also appeared in
50
"Chew the fat" means:
E-Commerce Models and Applications
PYQ
a
To action a task to initiate work
b
To become silent
c
To chat in an informal way
d
To eat something
Also appeared in
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Topic Weightage
E-Commerce Models and Applications
22%
Scientific Management by F.W. Taylor
8%
World Leaders in News
8%
Time Value of Money
6%
Central Banking and State Bank of Pakistan
6%
Scope and Objectives of Financial Management
4%
Material Control and EOQ
4%
Demand and Supply Analysis
4%
Bank Reconciliation Statement
4%
Recruitment and Selection
2%
Accounting Equation and Double Entry System
2%
Organizational Culture and Change Management
2%
Fayol_s Principles of Management
2%
Marginal Costing and Break-even Analysis
2%
Elements of Cost
2%
Company Final Accounts
2%
Decision Making Techniques
2%
Communication Models
2%
Capital vs Revenue Expenditure and Receipts
2%
Index Numbers and Time Series
2%
Standard Costing and Variance Analysis
2%
Capital Structure Theories
2%
Internal Control and Internal Check
2%
Conflict Management
2%
Islamic Banking in Pakistan
2%
Profit Sharing Ratio and Capital Accounts
2%
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