Commerce (PU-Com) Past Paper 2023 PDF

1. Verbal Reasoning

Q. quicksilver : mercury :: goldbrick : idler
Answer: idler
Q. ribbon : present :: icing : cake
Answer: present
Q. ransack : search :: vanquish : defeat
Answer: ransack
Q. kitten : litter :: soldier : army
Answer: litter
Q. cord : telephone :: screen : television
Answer: screen
Q. cub : bear :: joey : kangaroo
Answer: kangaroo
Q. fern : plant :: minnow : fish
Answer: minnow
Q. bracelet : wrist :: belt : waist
Answer: bracelet
Q. shark : ocean :: slug : land
Answer: ocean

2. Quantitative Reasoning

Q. 4 pizzas shared by 6 persons, each pizza has 8 slices. Slices per person?
Answer: 5.33
Q. A man sells 48 toys in four days. How many toys are sold per day?
Answer: 12
Q. Mother’s age is 3x Vinay. After 5 years sum is 70. Present ages?
Answer: 15 years and 45 years
Q. Marks 78, 85, 90, 92. Marks needed in 5th test to maintain average of 85?
Answer: 80
Q. Two numbers in ratio 6:7, their sum is -52. Find numbers:
Answer: -24 and -28
Q. A monkey climbs 30ft, slips 20ft each hour. When will it touch 120ft?
Answer: 6 PM
Q. Solve the inequality 3x + 7 < 22:
Answer: x < 5
Q. Price reduced by 30% from 120 rupees. New price?
Answer: 84 rupees
Q. In a school of 600 students, if 45% are girls, number of girls is?
Answer: 270
Q. Why are deserts hot during the day and cold at night?
Answer: Deserts have little vegetation to retain heat

3. Commerce

Q. Auditing is mandatory for which type of business?
Answer: Joint Stock Company
Q. Which market structure is characterized by a few dominant firms?
Answer: Oligopoly
Q. The document that invites the public to subscribe for shares is?
Answer: Prospectus
Q. Return on investment is called?
Answer: Profit
Q. Credit sales are recorded in?
Answer: Sales Journal
Q. Which accounting principle requires consistent reporting over time?
Answer: Consistency Principle
Q. Tangible assets have?
Answer: Physical existence
Q. CPI stands for?
Answer: Consumer Price Index
Q. A bid means?
Answer: Offer
Q. All bids are opened?
Answer: Publically
Q. Random sampling is a name of?
Answer: Probability sampling
Q. Supply chain management involves flow of material, information and?
Answer: Money
Q. Which type of market has a single seller?
Answer: Monopoly
Q. Sunk cost is a cost that?
Answer: Cannot be recovered
Q. Ratio used to assess profitability relative to revenue is?
Answer: Net profit margin
Q. Which statement shows revenues and expenses over a period?
Answer: Income Statement
Q. Setting a high initial price and lowering it over time is?
Answer: Price Skimming
Q. Accounting provides information on?
Answer: All of the above (Financial condition, tax, cost)
Q. Formula for Return on Equity (ROE) is?
Answer: Net income ÷ Shareholders’ equity
Q. Financial position at a specific point in time is shown by?
Answer: Balance Sheet

4. Accounting

Q. A person who risks both time and money to start and manage a business is called?
Answer: Entrepreneur
Q. Digital business Infrastructure refers to the combination of?
Answer: All of the above (Hardware, Software, Servers)
Q. Which type of market structure is characterized by a single seller with no close substitutes?
Answer: Monopoly
Q. Which type of cost is incurred but cannot be recovered?
Answer: Sunk Cost
Q. Which ratio is used to assess a company’s profitability relative to its total revenue?
Answer: Net profit margin
Q. Which financial statement shows a company’s revenues and expenses over a period of time?
Answer: Income Statement
Q. Which pricing strategy involves setting a high initial price and gradually lowering it over time?
Answer: Price Skimming
Q. Accounting provides information on ______?
Answer: All of the above (Financial conditions, cost/income, and tax liability)
Q. The formula for return on equity (ROE) is ______?
Answer: Net income ÷ Shareholders’ equity
Q. Which financial statement shows a company’s financial position at a specific point in time?
Answer: Balance Sheet
Q. Which financial ratio measures a company’s ability to generate profit from its total revenue?
Answer: Gross Profit Margin
Q. Which market structure is characterized by a few dominant firms controlling the industry?
Answer: Oligopoly
Q. Which ratio indicates how efficiently a company uses its assets to generate revenue?
Answer: Asset turnover ratio
Q. Which accounting principle requires companies to report financial information in a consistent manner over time?
Answer: Consistency Principle
Q. Which financial statement provides a snapshot of a company’s financial position at a specific point in time?
Answer: Balance Sheet
Q. Which ratio measures a company’s ability to pay off its long-term debts?
Answer: Debt-to-equity ratio
Q. A bid means ______?
Answer: Offer
Q. Random sampling is a name of ______?
Answer: Probability sampling
Q. Assets having physical existence are called _____?
Answer: Tangible assets
Q. All bids are opened ______?
Answer: Publically
Q. CPI stands for ______?
Answer: Consumer Price Index
Q. The three types of flows in supply chain management are material flow, information flow, and ______ flow.
Answer: Money

5. Economics

Q. MPC formula is:
Answer: ΔC / ΔY
Q. Demand deposits:
Answer: No interest
Q. Function of money NOT include:
Answer: Interest rate determination
Q. Central bank does NOT:
Answer: Earn profit
Q. Domestic trade means:
Answer: Within country
Q. Balance of trade includes:
Answer: Visible goods
Q. Agriculture share in GDP:
Answer: 19.2%
Q. Pakistan economy is:
Answer: Developing
Q. Inflation causes:
Answer: Value of money decrease
Q. Bank reserves ratio:
Answer: 5%

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