Business Law Quiz for Chartered Accountants

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Questions and Answers

What are the two major branches of law?

Civil law and criminal law

Who is the Head of State in the Federal Parliamentary System of government in Pakistan?

The President

What is the purpose of studying law in Chartered Accountancy?

To be aware of legal problems, seek legal assistance, evaluate the financial implications of law, and communicate with lawyers

Who can make an Act of Parliament in Pakistan?

<p>The National Assembly, the Senate, and the President</p> Signup and view all the answers

When is the approval of the Senate not required for Money Bills in Pakistan?

<p>In case of Money Bills, the approval of the Senate is not required.</p> Signup and view all the answers

What is the name of the organization that published the second edition of the book?

<p>The Institute of Chartered Accountants of Pakistan</p> Signup and view all the answers

What is the address mentioned for The Institute of Chartered Accountants of Pakistan?

<p>Chartered Accountants Avenue Clifton Karachi – 75600 Pakistan</p> Signup and view all the answers

What is the email provided for contacting The Institute of Chartered Accountants of Pakistan?

<p><a href="mailto:[email protected]">[email protected]</a></p> Signup and view all the answers

What is the website address for The Institute of Chartered Accountants of Pakistan?

<p><a href="http://www.icap.org.pk">www.icap.org.pk</a></p> Signup and view all the answers

What is the copyright year mentioned for the publication?

<p>February 2023</p> Signup and view all the answers

Flashcards

Two major branches of law?

Deals with disputes between individuals or organizations; Criminal law deals with offenses against society.

Head of State in Pakistan?

The President of Pakistan

Why study law in Accountancy?

Awareness, seek help, evaluate legal finance, communicate with lawyers effectively.

Who makes an Act of Parliament in Pakistan?

The National Assembly, the Senate, and the President.

Signup and view all the flashcards

Senate approval not required for?

Senate approval is not required for Money Bills.

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Publisher of the book?

The Institute of Chartered Accountants of Pakistan.

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ICAP's address?

Chartered Accountants Avenue Clifton Karachi – 75600 Pakistan

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ICAP's email?

[email protected]

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