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IQRA STUDY CENTRE

AUDITING – IMPORTANT QUESTIONS BY KHALID AZIZ 1) Define auditing and describe its objectives. 2) Define investigation and distinguish it with auditing. 3) Describe the rights and duties of an aud itor. 4) What are various types of audit? 5) What are audit work papers? What are their purposes? What are the usual contents of audit work papers? 6) Define audit techniques, name them and e xplain any five of them. 7) What is meant by evidence in auditing? Name the various types of audit evidence. 8) Write a detailed note on aud it program. 9) Distinguish between financial audit and cost audit. 10)What points should be considered while auditing the annual acco unts of a hotel & restaurant, Banks, Doctors, Educational Ed ucational institutions, institutions, charitable institutions. 11)What are divisible profits? What should be the gu iding principles in determining the divisible profits? 12) Explain the importance of an accurate valuation of inventories and list steps for the verification of inventories. inventories. 13)Define fraud and explain types of fraud. 14)Write detailed notes on internal control, internal audit and co st audit. 15)Audit report (qualified and unqualified) unqua lified) 16) Income tax short notes: A. Total income B. Income year  C. Sales tax D. Income tax authorities B.COM PART 1 & 2 CRASH E. Powers of income tax o fficers CLASSES IN JUST 20 DAYS F. Tax payers G. Central board of revenue (cbr) H. Registered firm I. Persons J. Assessment year  K. Appellate tribunal L. Assessee M. Casual income  N. Self assessment scheme

IQRA STUDY CENTRE R-1173, 3rd FLOOR, ALNOOR SOCIETY, BLOCK #19, F.B.AREA, NEAR POWER HOUSE, KARACHI. For I.com, B.com, MA-Economics, ICMAP,ICAP, PIPFA, MBA, BBA and other commerce students

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IQRA STUDY CENTRE

BANKING & FINANCE – IMPORTANT IMPORTANT QUESTIONS BY KHALID AZIZ 1) Define a bank and explain its evolution. Describe various functions of a commercial bank. 2) Define a central bank, list its functions and explain them. 3) Define credit instruments and briefly describe their kinds. 4) Define a cheque and describe briefly its kinds and why a cheque is dishonored by bank. 5) Write note on State Bank of Pakistan. What are relations between scheduled banks and SBP? 6) State the kinds of bank account and list the steps involved in opening a bank account. 7) Define endorsement and describe its kinds. 8) Describe in detail the principles of employing bank fund. 9) How does a bank create credit? 10) What is working capital? What are its functions and importance? What is equation of working capital? 11) What is business finance and describe its types. 12) Short Notes a) Credit control  b) Bill of exchange c) Promissory Note d) Discounting a bill of exchange e) Letter of credit f) Noting and protesting g) Qarz e Hasana h) Distinguish between qarz e hasana and loan i) Modarba & Musharka  j) NIT k) IDBP l) Islamic Banking

m) Interest free banking n) Markup and interest o) Sources of business finance

B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS

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BUSINESS & INDUSTRIAL LAW– IMPORTANT QUESTIONS BY KHALID AZIZ Commercial Law Contract Act 1) How contract is classified? 2) State the essential elements of an offer. 3) What do you understand by performance of contract? 4) Give essential elements of valid contract. 5) Define consideration under contract act 1872.What are the exceptions to the rule “No Consideration No Contract”. 6) What do you un derstand by capacities of parties under contract act? 7) Write short notes on a) Fraud, b) Coercion, c) Undue influence & d) Misrepresentation. Misrepresentation. Other Topics 8) Give essentials of agreement to sale. 9) Distinguish between sale and agreement to sale. 10) Give the rights of an unpaid seller. 11) What is bill of lading and describe its kinds? 12) Distinguish between bill of lading and charter party. 13) Private and common carrier. 14) Price and different kinds of goods. 15) What are negotiable instruments? Differentiate between between holder h older and holder in due course, bill of  exchange and promissory notes. 16) What are various kinds of partners, also describe rights and liabilities of partners and dissolution of partnership. 17) What are rights and duties of surety, bailor and bailee?

Industrial Law

B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS

1) Strike and Lock out. 2) Ordinary and seasonal Factory. 3) Accident. 4) Provision relating to health and safety of workers. 5) When employer is not l iable under workmen compensation act. 6) Total and partial disablement. 7) Unfair labor practice. 8) Inspector and certifying agent. 9) Holidays and working hours. 10) Work council and labor court.

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BUSINESS COMMUNICATION – IMPORTANT QUESTIONS BY KHALID AZIZ 1) Define communication. Discuss the importance of communication with reference to an individual and an organization. 2) What legal aspects influence business communication? Discuss any two of them in detail. 3) Planning is an important step in business communication. communication. Discuss the importance with reference for six planning steps in communication. communication. 4) Differentiate between sales and sales promotion letter. 5) A sales l etter and a sales promotion letter. 6) A job letter with CV. 7) Define interviewing. Discuss the responsibilities of a job interviewer and interviewee in detail. 8) Short Notes A. Importance of listening. B. Dictating. C. Steps in oral presentation. D. Openings and closings. E. Leading and participating. 9) What are business writing principles? Discuss them in detail. 10) Define market r eport. Explain various classification of market. 11) Explain the following terms. a) Bearish hella  b) Bull c) Short covering d) Kerb e) Bearish sentiments f) Arrival g) Blue chips h) Long corner  i) Steady note  j) Bullion market k) Forward business Script

l) Stag m) Speculator  n) Square deal o) Set back   p) Trapped bull q) Bad hook  r) Hedge s) Black bourse

B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS

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ECONOMICS OF PAKISTAN – IMPORTANT QUESTIONS BY KHALID AZIZ 1) Differentiate between economic growth and economic development. 2) What are the obstacles to the eco nomic development of Pakistan? Discuss and suggest the remedial measures. 3) What are the causes of o f agricultural backwardness in Pakistan? Suggest measures to resolve the problems. pro blems. 4) Discuss the importance of mechanization of agriculture, how far it is successful in Pakistan? 5) Industrial development is the basis of economic development, discuss with reference to Pakistan. P akistan. 6) Explain the role of public investment in the industrial development of Pakistan. 7) Explain the role of small scale industry in an agr icultural economy. economy. What steps the Government of Pakistan has taken to promote these industries. 8) What are the different means of transport and communicat ion in Pakistan? Discuss the role of computer in the economic development o f Pakistan. 9) Highlight the problems of railways in Pakistan; suggest measures to improve the  performance of Pakistan railways ra ilways.. 10)Discuss the current fiscal policy of Pakistan with reference to fiscal budget 2008 2009. 11) Examine the factors which contribute towards persistent adverse balance o f   payments in Pakistan. Explain the measures for correcting adverse balance of   payments in Pakistan. 12) Foreign aid is UNAVOIDABLES of Pak istan. istan. Comments. What are t he main sources of foreign assistance in Pakistan? 13)Why privatization become necessary for Pakistan? 14)Write notes a) Problems of industrial labour.  b) IDBP c) Major imports and exports. d) WTO e) Balance of trade f) Heads of income and expenditure o f federal government

B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS

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MANAGEMENT – IMPORTANT QUESTIONS BY KHALID AZIZ 1) Define management. State briefly the universal functions funct ions of a manager. 2) Define planning. Discuss briefly the various steps involved in planning. 3) Define staffing. Describe briefly the various steps involved in staffing. sta ffing. 4) Define groups. How they grow? And how they flow? 5) Explain policies, rules and procedures in detail. 6) Define decision making. State the gu idelines of decision making. What is rational decision making? 7) What is MBO? What are its characteristics characteristics and its objectives? 8) Define motivation and list various theories of motivation. 9) What is communication? What are the t he steps involved in communication? Briefly state various barriers to co mmunication. mmunication. 10) Explain briefly the phases of control. State the character istics of a good control system. 11)Notes a) Orientation & Training  b) William. G. Scot’s 4 pillars of organization c) Budget & its types d) Mc Gregor’s X & Y theory e) Span of management f) Hawthorn effect g) Management audit h) Henry Fayol’s 14 principles of management i) Elton Mayo’s human relations theory  j) Role of Frederick. W. Tayl Ta ylor or in management k) Nominal group technique & Delphi technique l) Abraham Maslow’s theory of humanistic approach about human need m) 5 c’s of communication n) Human balance sheet

B.COM PART 1 & 2 CRASH CLASSES IN JUST 20 DAYS