| Post Name | ACCOUNTANT GR-II - FOARM MATTING ANG INDIA LTD |
|---|---|
| Question Paper Code | 051/2019/OL |
| Category Code | 088/2018 |
| Date of Test | 1 November 2019 |
| Medium of Question | ENGLISH |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
One of the following line option is available in MS Word 2007
Answer
A. 1.15
2
What will happen if we press 'Ctrl + Down Arrow'?
Answer
C. Cursor will be on last row
3
'MIN' Function is MS Excel is used for finding ___________ .
Answer
B. Smallest number in a set of values
4
Pick out one of the following is not a search engine
Answer
D. Mosaic
5
Which one of the following is the maximum length of a text field?
Answer
B. 255
6
The application under MS Office software that we can create audio visual presentation.
Answer
D. MS Power Point
7
Computer Monitor is also known as _______ .
Answer
C. VDU
8
How many scroll bars in MS Excel Window have in general?
Answer
B. 2
9
Short cut key for changing line space in to 1.5.
Answer
D. Ctrl + 5
10
Foot notes are printed at the ________ .
Answer
A. bottom of a page
11
One of the following is not a DTP Software.
Answer
D. Adobe Photoshop
12
Maximum number of rows can insert in a MS Word Table
Answer
A. 32767
13
4 Bit = _________
Answer
D. 1 Nibble
14
Pick out one of the following is not a secondary Memory.
Answer
A. ROM
15
Which is the shortcut key for Replace Dialogue Box
Answer
C. Ctrl + H
16
'Word Art' option is available in _______ Ribbon.
Answer
B. Insert
17
Default Font in MS Word 2007.
Answer
A. Calibri
18
File extension of MS Publisher File name.
Answer
B. .pub
19
Open office component for spread sheet similar to Microsoft Excel.
Answer
C. Calc
20
Full form of HTTP.
Answer
C. Hypertext Transfer Protocol
21
Research and development cost is an example of
Answer
B. pre-production cost
22
When the price of materials are fluctuating widely, which is the most effective method of issue of materials
Answer
C. Weighted average method
23
Which is cost accounting record?
Answer
A. Bill of material
24
Which method of costing is followed by general engineering workshops?
Answer
C. job cost
25
Find out EOQ from the following Annual usage -6000 units, cost of material per unit Rs.20. cost of placing an order Rs.60. Annual carrying cost of one unit is 10% of inventory value
Answer
A. 600 unit
26
Obsolete stock is those
Answer
B. having no demand for technological changes
27
Which of the following is not an indirect cost
Answer
A. wages of production department machine operator
28
Royalties paid for the use of patent is an example
Answer
A. Direct cost
29
If vendors are issued fully paid shares of Rs.2,00,000 in consideration of net assets of Rs.1,80,000, the balance of Rs.20,000, will be debited to
Answer
B. Goodwill a/c
30
Discount allowed on reissue of forfeited shares is debited to
Answer
B. forfeited shares a/c
31
The balance of sinking fund investment a/c after the realization of investment is tranferred to
Answer
C. sinking fund a/c
32
Divisible profit does not include
Answer
B. Profit of revaluation of asset
33
Preliminary expenses are transferred by the vendor company at the time of amalgamation to
Answer
B. equity shareholders a/c
34
In case of insurance companies the legal fees with respect of claims is shown in
Answer
A. revenue a/c
35
In case of banking company the VRS expenditure is treated as
Answer
A. deferred revenue expenditure
36
Taxation provision made by the subsidiary company will appear in consolidated balance sheet as an item of
Answer
A. current liability
37
In hotel business room rate is fixed on the basis of
Answer
D. All the above
38
A and B are partners in a business sharing profit and loss in the ratio of 3:2 they admit a new partner C with 1/5 share in the profits. Calculate the new profit sharing ratio of the partners
Answer
A. 12:8:5
39
General provision for doubtful debts in case of standard assets is to be made by a banking company is
Answer
B. 0.40%
40
When actual loss is less than the normal loss, it is
Answer
D. abnormal gain
41
............. variance is that portion of material cost variance which is due to the difference between actual quantity consumed and standard quantity specified
Answer
A. material usage
42
What will be the main reason for labour rate variance?
Answer
D. change in basic wage rate
43
Subdivision of overhead volume variance are
Answer
D. all the above
44
From the following budget, which gives a summary of all functional budget
Answer
B. master budget
45
Metal pieces left in utensil manufacture is an example of
Answer
C. scrap
46
Operating costing is applicable in
Answer
D. metal product companies
47
From the following which is not a part of job costing procedure
Answer
C. cost card
48
Which is not come under selling and distribution overhead
Answer
C. general managers salary
49
Over absorbed overhead due to defective planning are charged to
Answer
A. costing P& L A/C
50
Under Gantt's task and bonus plan, no bonus is payable to a worker, if his efficiency is less than
Answer
A. 100%
51
In Haley plan a worker gets bonus equal to ---- of time saved
Answer
A. 50%
52
Wages sheet is prepared by
Answer
A. payroll department
53
Which of the following is an example of direct labour cost?
Answer
B. wages paid to a tailor of a readymade garments
54
Which costing method is followed by a cement industry
Answer
D. process costing
55
How can you calculate labour turnover
Answer
D. no. of workers replaced during a period/ average no. of employees during a period X 100
56
Minimum stock level =
Answer
B. re-order level - (normal consumption x normal reorder period)
57
Which is the most favorable method of material control of spare parts
Answer
A. VED analysis
58
Special Economic Zone Act came into existence
Answer
A. 23 June 2005
59
Financial accounting is different from cost accounting in respect of
Answer
D. controlling costing
60
Prime cost + variable OH
Answer
B. marginal cost
61
When profit is 20% on sales, it will be ----- of cost price
Answer
B. 25%
62
For reducing the labour cost per unit which of the following factors is the most important
Answer
B. higher input-output ratio
63
In transport costing, an example of fixed cost is
Answer
A. license fees
64
Which is not considering while preparing final accounts
Answer
C. notional rent
65
If the rate of gross profit is 25% on cost of goods sold and the sales are Rs.100000, the amount of gross profit will be
Answer
C. 16667
66
Which of the following is not a group bonus plan
Answer
D. Bedaux Plan
67
Which is not a method of segregating Semi-variable cost
Answer
D. Alpha coding method
68
Wages paid to the casual workers are treated as
Answer
A. factory expense
69
Motion study was developed by
Answer
A. F.B.Gilbrith
70
Time and motion study is done by
Answer
B. engineering department
71
Reversionary Bonus is bonus paid by Life Insurance Companies
Answer
B. along with the maturity value
72
Tax paid in advance in case of Banking Companies are included in
Answer
C. Schedule 11
73
Claims against the bank not acknowledged as debt
Answer
A. contingent liability
74
In banks the posting of entries is done from
Answer
C. Slips
75
A stock worth Rs.500000 is insured for Rs.300000 only. And the loss incurred due to fire is Rs.200000. The policy contains average clause. The claim admitted by the insurance company will be
Answer
C. Rs.120000
76
Assets acquired by banks in satisfaction of claims is called
Answer
D. non banking assets
77
The statement prepared by Life Insurance Company to find out profit
Answer
B. shareholders account
78
Investment made to earn regular income
Answer
B. fixed investment
79
The account prepared to find out the stock as on the date of fire
Answer
C. memorandum trading account
80
Overriding commission is given for
Answer
A. selling goods at higher price
81
AS-3 relates to ...........
Answer
A. cash flow statement
82
'anticipate no profit but provide for all possible losses' is based on ---- concept/convention
Answer
A. consevatism
83
If a plant purchased for Rs.10000, its book value is Rs.6000 and it sold for Rs.12000. what is its capital profit
Answer
A. Rs.2000
84
Cost of Rs.300000 for dismantling, removing and reinstalling a plant by a medium size sugar mill incurred in connection with the removal of works to a more suitable locality is considered as
Answer
C. deferred revenue expenditure
85
Give an example of indirect expenses
Answer
C. trade expense
86
An amount of Rs.500 received from M credited to N, it would affect
Answer
D. Account of M& N
87
Which is the most appropriate method of depreciation for loose tools, livestock jigs etc
Answer
A. revaluation method
88
Goodwill is a ......... asset.
Answer
B. intangible
89
Excess of opening capital over closing capital denotes ..........
Answer
B. loss
90
Under stock and debtors system, loading in opening stock is credited in
Answer
C. branch adjustment account
91
The unexpired discount for a banking company is
Answer
C. liability
92
Statutory reserve created by a banking company as per Banking Regulation Act 1949 is
Answer
B. 25%
93
Cost of control of holding company account is credited with
Answer
B. capital profit
94
In case of amalgamation, the liabilities which are not taken over by the new company are transferred to
Answer
A. Realization a/c
95
The debentures which do not carry any charge on assets of a company is called
Answer
A. naked debenture
96
Premium paid on the life policy of the proprietor is
Answer
B. deducted from capital
97
As Per companies Act 2013 maximum number of members in a partnership firm shall not exceed -------
Answer
C. 100
98
Minimum number of members for a public limited company is
Answer
B. 3
99
Who presented the first union budget of independent India
Answer
A. R.K.Shanmukham Chetty
100
No. of clauses of companies Act 2013
Answer
A. 470
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