PSC Canada GAT-380 Sample MCQs Questions
General Administration TestGAT 380
Sample Questions
Q.1 Investments by major financial institutions in Canada include bonds, stocks, and mortgages. Banks, insurance companies, trust companies, and loan companies are subject to statutory limitations in respect of such investments to ensure that the interests of depositors and policy holders are not exposed to unreasonable financial risks. According to this information, which of the following conclusions can be made?
- Investments in real estate are not subject to statutory limitations.
- Statutory limitations guard against exposure to certain financial risks.
- I only
- II only
- Both I and II
- Neither I nor II
Q.2 A company’s total sales are expected to increase by one-half in the coming year while the cost/profit ratio is expected to remain constant. Which of the following additional information is necessary to estimate the company’s actual profit for the coming year?
- The company’s total sales for the current year were $100,000.
- Costs for the current year were equal to one-half the sales amount.
- I only
- II only
- Both I and II
- Neither I nor II