| Post Name | ACCOUNTANT/CASHIER/JR.AUDIT ASSISTANT etc. IN KTDC/KSIDC/MATSYAFED etc. |
|---|---|
| Question Paper Code | 108/2021 |
| Category Code | 404/2019, 415/2019, 064/2020, 217/2020 |
| Date of Test | 7 November 2021 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
When debentures are issued as a collateral security, Debenture Suspense Account is :
Answer
B. Deducted from debentures account in the balance sheet
2
Which of the following is correct?
Answer
C. Opening Capital = Closing Capital + Drawing – Additional Capital – Profit
3
Income tax paid by Mr. A to Rs. 3,000. The accounting treatment is :
Answer
C. To be deducted from Capital
4
Donation received for special purpose should be :
Answer
A. Credited to a Separate Account and shown in the balance Sheet
5
Second hand furniture worth Rs. 6000 was purchased. It was repaired for Rs. 600 and
installed by workmen to whom Rs. 200 was paid as wages. The furniture should be
capitalised for :
Answer
C. Rs. 6800
6
If the amount of any known liability can be determined with substantial accuracy :
Answer
A. a definite liability should be created
7
When closing capital is greater than opening capital, it denotes :
Answer
C. Profit if there is no introduction of fresh capital
8
The total sum payable by the hirer under a hire purchase agreement in order to complete the
purchase of or acquisition of property in the goods is known as :
Answer
C. Hire purchase Price
9
Equity shares issued at a discount or for consideration other than cash for providing know
how or making available rights in the nature of intellectual property rights or value addition
are known as :
Answer
D. Sweat Equity Shares
10
A bill of Exchange must be :
Answer
B. Unconditional
11
When an underwriter agrees to buy a definite number of shares or debentures in addition to
the shares or debentures he has to take under the underwriting agreement, it is known as :
Answer
A. Firm underwriting
12
Net payment method is used to calculate :
Answer
B. Purchase Consideration
13
Surplus Account (negative balance) is transferred by the vendor company at the time of
absorption to :
Answer
C. Equity Shareholders Account
14
When Statutory Reserve of the Vendor company is maintained by the Purchasing Company,
then Purchasing Company gives debit to :
Answer
B. Amalgamation adjustment Account
15
Which of the following should be deducted from the share capital to find out paid up capital?
Answer
B. Calls in arrear
16
Capital gearing ratio denotes the relationship between :
Answer
D. Equity shareholders’ fund and long-term borrowed funds
17
50000 equity shares of Rs. 10 each issued at Rs. 20, for the purpose of redemption of
preference share capital amounting Rs. 750000. How much amount will be transferred to
capital redemption reserve?
Answer
B. Rs. 250000
18
As per AS-14 Purchase Consideration is what is payable to :
Answer
D. Share holders
19
Discount on issue of share is :
Answer
B. Capital loss
20
That part of Share capital which can be called up only on the winding up of the company :
Answer
A. Reserve Capital
21
The process of collecting cost data through an accounting system is known as :
Answer
C. Cost accumulation
22
Prime cost plus Factory Overhead cost is :
Answer
B. Production Cost
23
Basic objective of Cost accounting is :
Answer
C. Cost Ascertainment
24
Warehouse rent is a part of :
Answer
B. Distribution overhead
25
In the context of standard costing basic standard is established for :
Answer
C. Indefinite period
26
A variable such as activity that causes cost over a given time :
Answer
A. Cost driver
27
The cost that is irretrievable by managerial actions and not relevant to current decision
making :
Answer
B. Sunk cost
28
The value of benefit sacrificed in favour of an alternative course of action is :
Answer
C. Opportunity cost
29
Reorder quantity 2000 units, Lead time 4-8 weeks, Usage – maximum 500 units per week,
Normal usage 400 units per week, Minimum usage 300 units per week. The maximum stock
level is :
Answer
D. 4800 units
30
The method of recording the employee time that will be paid by the firm is known as :
Answer
C. Time keeping
31
Who is the founder of modern motion study technique?
Answer
B. Frank B Gilbreath
32
Process of studying and assessing relative values of job is known as :
Answer
C. Job evaluation
33
Under Halsey plan bonus is paid :
Answer
D. At 50% of time saved
34
Contract costing is the most appropriate method of costing for :
Answer
B. Construction industry
35
Which of the following statements is/are not correctly matched?
Answer
C. Period cost – Added value of a new product
36
Which costing method is appropriate for Cement industry?
Answer
A. Single or output costing
37
Cost reduction demands :
Answer
C. Corrective action
38
Anything for which a separate measurement of cost is desired is :
Answer
A. Cost object
39
Costs incurred for a period and within certain limits of activity level and tend to be
unaffected by fluctuations in the activity level are known as :
Answer
B. Fixed Cost
40
Over absorption in overhead in cost accounts results in :
Answer
A. Decrease in costing profits
41
Unitary elasticity of demand is :
Answer
A. Equal to one
42
Calculate elasticity of demand when a 60% increase in the price of rice, causes the amount of
rice you buy to fall by 120% :
Answer
A. 2
43
Which one is not a type of demand?
Answer
C. Supply demand
44
The various degrees of price elasticity of demand can be shown on a single demand curve as
per which one of the following?
Answer
D. Geometrical method
45
The difference between the lower limit and upper limit of the class is known as :
Answer
B. Class interval
46
Non sampling error occur at the time of :
Answer
D. All of these
A 9 108/2021
47
Chi–square is to be applied only, when the individual observations of sample are :
Answer
B. Independent
48
Which one of the following is the first generation language?
Answer
D. Machine language
49
Railway Reservation is an example of which type of processing?
Answer
A. Real time processing
50
The Operating system is stored on the ––––––––––– of the Computer System.
Answer
B. Hard Disk
51
Father of modern management is :
Answer
Question Cancelled
52
Unity of objective principle states that there should be :
Answer
A. Only one objective
53
Grapevine is associated with :
Answer
B. Informal communication
54
Which leadership theory focuses on actions of leaders not on mental qualities or internal
states?
Answer
B. Behavioural theory
55
The strongest determinant of demand is :
Answer
B. Price
56
Which one of the following element is not in the marketing mix?
Answer
C. Storage
57
The process of dividing potential market into distinct sub markets of consumers with
common needs and characteristics is known as :
Answer
C. Market Segmentation
58
One Criterion that should always be applied to market segmentation is :
Answer
B. Homogeneity
59
An analytical technique which facilitates dividing a market in to segments is :
Answer
A. Market segmentation
60
The model that assumes buyer is a rational man and his buying decisions are totally
governed by the concept of utility :
Answer
D. Economic Model
61
Annual report on currency and finance is published by :
Answer
B. RBI
62
Lead Bank scheme introduced in :
Answer
C. 1969
63
EXIM Bank is owned by :
Answer
C. Fully owned by Government of India
64
E-Banking is Synonymous with :
Answer
B. Internet banking
65
Tax charged firstly in India in :
Answer
C. 1860
66
Income from subletting of House Property is taxable under the head :
Answer
B. Income from Other Sources
67
The rate of taxation that does not discriminate rich and poor is known as :
Answer
C. Flat rate
68
Dividend paid by an Indian Company outside India is :
Answer
A. Taxable in India in the hands of the recipient
69
Form issued for TDS on Salary is :
Answer
A. Form 16
70
Tax hedging within the frame of law is known as :
Answer
D. Tax avoidance
71
Conversion cost is equal to the total of :
Answer
D. Direct wages and factory overhead
72
Overheads collected for a period are allocated or apportioned to various production and
service departments are known as :
Answer
B. Primary distribution
73
Which of the following is correct at break even point?
Answer
A. Contribution = Fixed cost
74
Cash from Operation is equal to :
Answer
A. Net profit plus decrease in current assets
75
Pareto Analysis is related to :
Answer
A. Business Analytics
76
If margin of safety is Rs. 240000 (40% of sale) and P/V ratio is 30%, the Break even Sales will
be :
Answer
B. 360000
77
The budgeted variable overheads for March are Rs. 3840. Budgeted production for the month
is 38400 units. The actual variable overheads incurred were Rs. 3830 and actual production
was Rs. 38640 units. Variable Production overhead variance is :
Answer
Question Cancelled
78
In FNSD Analysis N stands for :
Answer
B. Normal Moving items
79
Back flush Accounting System is related to :
Answer
A. JIT Systems
80
Clientele effect is related to :
Answer
C. Dividends
81
A program that has capability to infect other programs and make copies of itself and spread
into other programs is called :
Answer
B. Virus
82
Which agency made the investigation related to India’s First Cyber Crime Conviction?
Answer
C. CBI
83
An intermediate between computer hardware and software is :
Answer
A. Firmware
84
First Computer virus is known as :
Answer
B. Creeper Virus
85
Which one of the following is not a linear data structure?
Answer
D. Binary Tree
86
Which one is the first search engine in internet?
Answer
B. Archie
87
In computer terminology, OCR stands for :
Answer
A. Optical Character Reader
88
Key of keyboard which is used to get back to beginning of a document is called :
Answer
A. Home key
89
Scanner incorporates a special sort of camera which is made up of :
Answer
C. Charged coupled device
90
Which of the following is a cyber crime?
Answer
D. All of these
91
Which of the following statements are written by “Gandhij about the Temple Entry
Proclamation?
(i) The action has been long overdue. But better late than never
(ii) The Proclamation should have no political significance, as it has none
(iii) The right of entering temples abolishes untouchability at a stroke
(iv) Reformers should see to it that Harijans enter these temples after proper ablutions and
in a clean condition.
Answer
D. All of the above
A 15 108/2021
92
Consider the following statements about the social reform activities of Vaikunda Swamikal,
K. Ayyappan, Vagbhatananda and Mannathu Padmanabhan :
(i) All of them supported inter-dining for the eradication of caste system
(ii) All of them supported inter-marriage for the promotion of friendship among different
communities
(iii) All of them founded organisations to promote social reform
(iv) All of them used journalistic platform to intervene in the social reform process
Which of the above statements are correct?
Answer
A. (i) and (iii)
93
Identify the literary work which NOT carries message against the feudal system :
Answer
C. Aarkku Vendi by Kesav Dev
94
Which of the following group of newspapers actively reported the happenings of Vaikom
Satyagraha?
Answer
A. Samadarshi, Kerala Kaumudi and Mathrubhoomi
95
Given below are two statements, one labelled Assertion
Answer
B. :
Assertion
96
The Census of 1931 (Travancore) stated that “Most of them (i.e. the communities) have
organised association on caste or communal lines for the betterment of their social, economic,
religious or political conditions”. Which one of the following organisations is not mentioned in
the report?
Answer
B. Prathyaksha Reksha Daiva Sabha
97
Consider the following statements about the social reform movements :
(i) The reform movement of NSS was pioneered in the field of marriage and law of
inheritance.
(ii) Yogakshema Sabha appointed a Women’s Education Commission headed by
V T Bhattathiripad.
(iii) SNDP Yogam organised an industrial and agricultural exhibition as part of its second
annual general meeting
(iv) SJPS published a monthly magazine, Sadhujana Paripalini, the earliest magazine by
the Dalit community in Travancore
Which of the above statement (s) is
Answer
C. (ii) Only
98
Consider the following poetic articulations :
(1) In one of his poems, the poet makes the King say that “Caste has no sanctions either in
religion or in Codes of social morality”
(2) The sight of a tied pulaya girl with a heavy grass bundle on her head made the poet to
think that her social position was beneath even that of grass.
(3) A Nair restrains the untouchables to fetch water from the well even to extinguish the
fire that was consuming his own house, the poet sarcastically comments: “You have
saved your priceless caste.”
Identify the poets form the following codes :
Answer
A. (1) Asan (2) Ulloor (3) Vallathol
99
Given below are the names of social reformers and the national level organisations with
which they were associated with. Match List — I with List —II and select the correct answer
from the codes given below :
List I List II
Answer
D. Agamananda (iv) Brahmo Samaj
100
Given below are some of the contributions of Christian missionary groups in Kerala :
(i) Founding of schools for the girls
(ii) Establishment of printing press
(iii) Starting of Industrial Schools
(iv) Founding of Industrial/commercial establishments
Which of the above are true about the activities of the Basel Evangelical Mission ?
Answer
D. All of the above
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108/2021 18 A
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