PTE Academic Reading MCQ Test 2 Multiple Choice Choose Single Correct Answer

Multiple-choice Choose Single Answer – Read the passage and choose a single answer from the multiple choices. This type of questions assesses reading skills and requires test takers to read, analyse, understand and assess a short text for whole passage. Choose single option out of given responses.

PTE Academic Reading MCQ Test 2 Multiple Choice Choose Single Correct Answer

PTE Academic Reading MCQ Test 2 Multiple Choice Choose Single Correct Answer

PTE PRACTICE TEST- MULTIPLE CHOICE-SINGLE ANSWER

3. Read the passage and answer the following question.

Based on the audit report, the responsibility of an auditor is to express an opinion on financial statements. They conduct an audit in respect with the Standards on Auditing issued by the Institute of Chartered Accountants. These standards require that we perform reasonable assurance which must be free from material misstatement. The procedure of auditing is done with the purpose of obtaining audit evidence about the amounts and disclosures in the financial statements. There are many procedures but final one was selected on the basis of auditor’s judgement which involves the assessment of the risks of material misstatement of the financial statements, whether due to error. In the process of risk assessments, the auditor considers internal control and present fair audit report in order to design audit procedures that are appropriate in the circumstances. It also includes the reasonableness of the accounting estimates made by management and evaluating the appropriateness of accounting policies used. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion.

Ques. The passage is mainly concerned about

[A]. Form and content of auditor’s report in case of modified opinion.
[B]. Supplementary information presented and reporting on financial statements.
[C]. Independent Auditor’s Report and Responsibility for the Financial Statements.
[D]. Description of an auditor report and determining the type of modification.

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4. Read the passage and answer the following question.

In many countries, there is a rapid increase in the number of people who receive long-term disability payments. This also raises the question that whether it is possible for them to return to gainful employment. After analysing the report of disability reform in the Netherlands, they come to conclude that long-term recipients of disability insurance were on average able to replace about sixty percent of lost benefits with labor income. This shows the evidence of substantial remaining work capacity among recipients which suggests that there is scope for disability insurance reform to tap into this capacity. There is an increase in the number of Disability Insurance Claimants which has led to call for scaling back to the program., whose evaluation will be measured by calculating the incentive cost of the DI program against its insurance value to those in need.

Ques. The passage is mainly concerned about

[A]. Disability insurance and the dynamics of the incentive-insurance tradeoff.
[B]. What are the welfare consequences of Disability insurance?
[C]. Estimating self-reported disability status.
[D]. The effect of policy changes on social welfare.

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