Commerce Solved Model Past Paper 2022 PDF
Part – 1 English
What is the Antonym of “Entice”?
Answer: Repulse
Select the regular verb from the given sentence: “I walk to school every day.”
Answer: Walk
The Synonym of Admit is?
Answer: Confess
Identify the possessive pronouns?
Answer: His, her, ours, mine
Man is the only animal ______ can think in a positive way about the progress of mankind.
Answer: That
“Wealthy” is a ____?
Answer: Adjective
Honesty is the best policy. The word “Honesty” is a/an _____?
Answer: Abstract Noun
She is suffering _____ fever.
Answer: From
The Synonym of Abbreviate is?
Answer: Shorten
Synonym of ASTUTE is?
Answer: Shrewd
Remove the cover from boxes and discard them. Here ‘them’ is?
Answer: Objective pronoun
Antonym of OBSOLETE is?
Answer: Recent
The Synonym of Zealot is?
Answer: Fanatic
What is the Synonym of GREGARIOUS?
Answer: Sociable
My colleague has been up to his eyes in work ever since he returned from Europe. Here ‘up to his eyes’ means?
Answer: Extremely busy
She could not refrain ____ that shedding tears.
Answer: From
He loves ___ TV .
Answer: Watching
What is the Antonym of “Bane”?
Answer: Blessing
What is the similar word of Calligraphy?
Answer: Handwriting
We _____ the bus. Now we’ll have to walk.
Answer: Have missed
The Synonym of “Impeccable” is?
Answer: Without mistakes
The Synonym of APPETITE is?
Answer: Hunger
The new owners of the paper changed the _____ completely.
Answer: Layout
The Antonym of Mendacious is?
Answer: Veracious
She wished she _____ the new car.
Answer: Had bought
Sara is _____ honest girl.
Answer: An
Part-I: Teaching Methodology
Group guidance provides students and employees with _____?
Answer: Beneficial information
According to Aristotle the movement that results in actual sensation is _____?
Answer: Imagination
The first step in developing critical thinking skill is for the purpose of _____?
Answer: Promoting questioning by the students
It has been pointed out many times that coordination is more desired than conformity in providing proper _____ conditions.
Answer: Supervision
. The study that deals with nature of knowledge is called _____?
Answer: Epistemology
The great method of teaching by Naturalists is ____?
Answer: Play way
Curriculum relevance means _____?
Answer: Relevance to their lives, present and future
Something which you want to achieve in future career is called _____?
Answer: Goal
The teacher, inclined towards a constructivist approach, creates a classroom environment that is _____?
Answer: Learner Centered
Educational psychology helps in _____?
Answer: All of these (Improving the learning process and Improving the performance of the low paced children)
Expected children _____?
Answer: Can be schooled with the normal children
If the scores are repeatedly inconsistent, then the degree of variability is _____?
Answer: High
The process of gathering information to monitor progress is known as _____?
Answer: Evaluation
The authoritative knowledge _____?
Answer: All of these (
Helping people develop clear communication comes as a result of working?
Answer: Together
The process of curriculum development is continuous and _______?
Answer: Regular
Who are usually concerned to be the chief beneficiaries of the elementary schools?
Answer: Students
Instructional experiences focused upon individuals acquiring very specific skills to apply immediately?
Answer: Training
SOLO taxonomy was presented by?
Answer: Biggs & Collis
What is Bloom’s taxonomy?
Answer: Classification of educational objectives
Emphasis today is on planning with people rather than planning ______?
Answer: Without people
In micro teaching, the important component in referring one’s skills is _____?
Answer: Self-review of one’s own video
Which of the following is used to determine if someone has attained specific standard?
Answer: Criterion Referenced test
The classroom environment needs to be promoting _____?
Answer: Interest and inquiry
In the process of analyzing data, measures of variability are used for exploring _____?
Answer: Spread out scores of a group
Part – II Commerce
Q. What is the formula of Net Sales?
Answer: Sales – Sales Returns
Q. Calculate Net Sales if Sales = 120,000 and Returns = 20,000
Answer: 100,000
Q. What is Cost of Goods Sold (COGS)?
Answer: Opening Stock + Purchases – Closing Stock
Q. Calculate COGS if Opening = 30,000, Purchases = 80,000, Closing = 20,000
Answer: 90,000
Q. What is Gross Profit Ratio?
Answer: Gross Profit / Sales × 100
Q. Calculate GP Ratio if GP = 25,000 and Sales = 100,000
Answer: 25%
Q. What is Net Profit Ratio?
Answer: Net Profit / Sales × 100
Q. Calculate NP Ratio if NP = 20,000 and Sales = 100,000
Answer: 20%
Q. What is Return on Investment (ROI)?
Answer: Profit / Investment × 100
Q. Calculate ROI if Profit = 10,000 and Investment = 50,000
Answer: 20%
Q. What is Average Inventory?
Answer: (Opening + Closing) / 2
Q. Calculate Average Inventory if Opening = 40,000 and Closing = 60,000
Answer: 50,000
Q. What is Inventory Turnover Period?
Answer: 365 / Inventory Turnover Ratio
Q. What is Accounts Receivable Turnover?
Answer: Credit Sales / Average Receivables
Q. What is Accounts Payable Turnover?
Answer: Credit Purchases / Average Payables
Q. What is Capital Employed?
Answer: Total Assets – Current Liabilities
Q. Calculate Capital Employed if Assets = 200,000 and CL = 50,000
Answer: 150,000
Q. What is Earnings Per Share (EPS)?
Answer: Net Profit / Number of Shares
Q. Calculate EPS if Profit = 100,000 and Shares = 20,000
Answer: 5
Q. What is Dividend Yield?
Answer: Dividend per Share / Market Price × 100
Q. What is Payback Period?
Answer: Time required to recover investment
Q. Calculate Payback if Investment = 100,000 and annual return = 25,000
Answer: 4 years
Q. What is Margin of Safety?
Answer: Actual Sales – Break-even Sales
Q. What is Fixed Asset Turnover?
Answer: Sales / Fixed Assets
Q. What is Operating Ratio?
Answer: (COGS + Operating Expenses) / Sales × 100
Q. What is Cash Ratio?
Answer: Cash / Current Liabilities
Q. What is Fund Flow Statement?
Answer: Statement showing movement of funds
Q. What is Error of Omission?
Answer: Transaction not recorded
Q. What is Error of Commission?
Answer: Wrong recording of amount/account
Q. What is Compensating Error?
Answer: Errors that cancel each other
Q. What is Audit Working Paper?
Answer: Record of audit procedures and evidence
Q. What is Test Checking?
Answer: Checking selected transactions
Q. What is Materiality?
Answer: Significance of an amount or error
Q. What is Analytical Procedure?
Answer: Comparison and analysis of financial data
Q. What is Capital Gain?
Answer: Profit from sale of asset
Q. What is Revenue Reserve?
Answer: Profit kept for future use
Q. What is Deferred Tax?
Answer: Tax payable in future
Q. What is Accrued Income?
Answer: Income earned but not received
Q. What is Prepaid Expense?
Answer: Expense paid in advance
Q. What is Double Entry System?
Answer: Every transaction has two entries
Q. What is Journal Entry?
Answer: First record of transaction
Q. What is Bank Reconciliation Statement?
Answer: Matching bank and cash book balances
Q. What is Overdraft?
Answer: Withdrawal more than bank balance
Q. What is Capital Structure?
Answer: Mix of debt and equity
Q. What is Financial Statement Analysis?
Answer: Evaluation of financial performance
Q. What is Cost Sheet?
Answer: Statement showing cost details
Q. What is Standard Costing?
Answer: Pre-determined cost system
Q. What is Variance Analysis?
Answer: Difference between actual and standard
Q. What is Responsibility Accounting?
Answer: Assigning responsibility for costs
Q. What is Budgetary Control?
Answer: Controlling through budgets
Q. What is meant by Financial Leverage in corporate finance?
Answer: The use of borrowed funds to increase the potential return on investment.
Q. In auditing, what is Inherent Risk?
Answer: The risk that an account balance may contain material misstatements assuming no related internal controls.
Q. What is the Quick Ratio (Acid-Test Ratio) used to measure?
Answer: A firm’s ability to meet short-term liabilities without relying on inventory.
Q. What is Window Dressing in financial reporting?
Answer: The practice of manipulating financial statements to present a more favorable financial position.
Q. Which accounting standards are generally applied in Pakistan for corporate financial reporting?
Answer: IFRS (International Financial Reporting Standards).
Q. What is Deferred Tax Liability?
Answer: A tax obligation that arises due to temporary differences between accounting income and taxable income.
Q. What is Mezzanine Financing?
Answer: A hybrid form of financing that combines features of debt and equity.
Q. In an audit report, which paragraph states the auditor’s final conclusion?
Answer: The Opinion Paragraph.
Q. What is the Break-Even Point (BEP) in cost accounting?
Answer: The level of sales at which total revenue equals total costs.
Q. What is Standard Costing used for in management accounting?
Answer: Comparing actual costs with predetermined standard costs to analyze variances.
Q. What is Capital Gearing?
Answer: The relationship between a company’s long-term debt and its equity capital.
Q. What is meant by Management Audit?
Answer: An evaluation of management performance and organizational efficiency.
Q. What does Impairment of an Asset mean?
Answer: A permanent reduction in the recoverable value of an asset below its carrying amount.
Q. What is Treasury Stock?
Answer: Shares that a company has repurchased from its shareholders.
Q. What is Zero-Based Budgeting (ZBB)?
Answer: A budgeting method in which every expense must be justified for each new budget period starting from zero.
Q. What type of asset is goodwill?
Answer: Intangible Asset
Q. A debit balance in the bank statement usually indicates:
Answer: Bank overdraft
Q. Which financial statement shows the financial position at a point in time?
Answer: Balance sheet
Q. In accounting cycle, the first phase is:
Answer: Identifying economic transactions
Q. Recording financial transactions in day‑to‑day order is done in:
Answer: General Journal
Q. If cost of sales is Rs. 60,000 and sales are Rs. 95,000 with operating expenses Rs. 20,000, net profit is:
Answer: Rs. 15,000
Q. Operating Profit Ratio measures:
Answer: Profitability efficiency
Q. Contribution margin ratio helps calculate:
Answer: Break-even point
Q. The formula for operating cycle is:
Answer: Inventory period + Accounts receivable period
Q. Cash flow from a firm’s day-to-day operations is called:
Answer: Operating cash flows
Q. Which bank is responsible for monetary policy in Pakistan?
Answer: State Bank of Pakistan
Q. Verification of documentary evidence of transactions is called:
Answer: Vouching
