| Post Name | ACCOUNTANT GR III |
|---|---|
| Department | KERALA STATE COIR CORPORATION LIMITED |
| Question Paper Code | 120/2016 |
| Date of Test | 29 September 2016 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Ownership expressed in terms of money is called
Answer
B. Capital Account
2
A product was sold for % 448 at a profit of 12%. What is the cost ?
Answer
C. % 400
3
Capital profit is transferred to
Answer
A. Capital Reserve
4
Depreciation on fixed asset is provided in compliance with the accounting
concept of
Answer
D. Going concern concept
5
Which of the following items is recorded in the sales journal ?
Answer
B. Only credit sales
6
Capital A/c is a
Answer
A. Personal Account
7
Quick ratio is also called
Answer
D. All of these
8
Amethod of costing in which the fixed costs are added for inventory valuation
Answer
A. Absorption costing
9
Indirect material cost is a part of
Answer
D. Factory cost
A 3 ;
10
BEP is worked at
Answer
C. Fixed cost/ Contribution per unit
11
Research and Development cost is
Answer
B. Pre-production cost
12
Cost reduction is achieved through
Answer
D. All of these
13
Margin of safety x P/V ratio =
|
Answer
D. Profit
14
The auditor of a public limited company is appointed by the
Answer
B. Board of Directors
15
Duties of acompany auditor are defined by
Answer
C. The panies’ Act, 1956
16
The se important function of management is
Answer
A. Organising
17
The book ‘The Practice of Management’ was authored by
Answer
A. P.F. Drucker
18
Strategic Planning means
Answer
B. Corporate planning
19
Which of the followings is imaginary ?
Answer
B. Vision
20
‘POSDCORB' was coined by
Answer
D. Gullick
21
The Consumer Protection Act was passed in
Answer
C. 1986
22
Which are synonymous ?
Answer
C. Product mix and market mix
23
The term product concept was developed by
Answer
A. Theodore Levit
24
Which of the following is not included in the function of physical supply ?
Answer
A. Standardisation
25
After sales service is a part of
Answer
B. Augmented product
26
The word ‘positioning’ was coined by
Answer
C. Al Reis and Jack Trout
27
Products that consumers buy regularly with little effort are called
Answer
B. Convenience products
28
Income Tax Act was passed in
Answer
B. 1961
29
Remuneration paid to an MLA is taxed under the head
Answer
D. Income from other sources
30
PAYE in income tax stands for
Answer
A. Advance payment of tax
31
Which of the followings is not an indirect tax ? |
Answer
B. Estate duty
32
Burden of tax can be reduced by
Answer
C. Tax planning
33
For income tax purpose, an Indian company is always
Answer
A. Resident
34
The method where data are collected for each item in the population is known as
Answer
A. Census method
35
Data taken from the ‘visitors list’ is
Answer
D. Judgment sampling
A +
- .7
36
The concept of regression was developed by
Answer
C. Galton
37
Which of the followings is a positional average ?
Answer
C. Median
38
Ina sample based research work, the data collected for analysis are called
Answer
A. Primary data
39
In pie diagram, 1% =?
Answer
C. 3.6 degrees
40
Mode is
Answer
Question Cancelled
41
The degree of relationship between two variables is called
Answer
A. Correlation
42
IDBI Bank Ltd. is
Answer
B. Commercial bank
43
NABARD was established in
Answer
B. 1982
44
India has the system of
Answer
A. Branch banking
45
One who deposits money in a bank becomes of the bank.
Answer
C. Creditor
46
Barter system means
Answer
D. Exchange of goods for goods
47
The largest commercial bank in India is
Answer
A. SBI
48
Acheque becomes ‘stale’ after a period of
Answer
D. Three months
49
The modern quantity theory of money was developed by
Answer
A. Friedman
50
Who does issue the Rupee One Note/Coin in India ?
Answer
D. Secretary of Finance Affairs
51
The RBI is not concerned with
Answer
A. Framing the Fiscal Policy
52
The Central Bank keeps 100% gold reserves against the notes is called
Answer
D. Representative paper money
53
It's best to float the equity shares in the market during
Answer
A. Boo
54
Capital loss arises due to |
Answer
B. Sale of capital assets at a price lesser than book value |
55
Who is the father of Financial Management ?
Answer
B. Ezra Solomon
56
What is the operating leverage if fixed cost is ¥ 90,000 and contribution is
= 1,00,000 ?
Answer
D. 10.00
57
Watered stock leads to
Answer
A. Over capitalisation
58
The capital structure which maximises the value of the firm is called
capital structure.
Answer
C. Optimum
59
When equity is more than long term debt, the firm is said to be
geared.
Answer
B. Low
60
Find the odd one out.
Answer
C. Profitability decision
61
approach is also known as matching approach.
Answer
A. Hedging
62
The main objective of a firm is
Answer
D. Wealth maximisation
63
Agreement is
Answer
D. Both
64
An agreement to buy stolen goods is
Answer
B. Voidable
65
Stepping into a line bus creates
Answer
A. Valid contract
66
Pledge is a part of
Answer
B. Bailment
67
General lien is available for
Answer
A. Banker
68
Aminor cannot be a/an
Answer
B. Partner
69
An agreement in restraint of the marriage of a minor is
Answer
C. Valid
70
Indian Partnership Act was enacted in
Answer
A. 1932
71
Principle of indemnity is not applicable to
Answer
A. Life insurance
72
On payment of insurance policy, the insurer is put into the shoes of the insured.
This principle is called
Answer
B. Subrogation
73
Bancassurance is the insurance product of
Answer
C. Banks
74
In India, the whole life insurance business is administered by
Answer
B. IRDA
75
The law of diminishing marginal utility was first stated by
Answer
A. H.H. Gossen
76
Under perfect competition, short run equilibrium of a firm will be
Answer
A. MC=MR
77
The shape of demand curve is
Answer
C. Down sloping curve from left to right
78
The salient features of Indian Economy are
Answer
D. All of these
79
Which industry is the second largest provider of employment in India after
agriculture ?
Answer
A. Textiles
80
Who is the Chairman of ‘NITY AYOG’ ?
|
Answer
D. Prime Minister
81
Malayavilasam which marked the beginning of modern Malayalam poetry was
composed by
Answer
D. None of these
82
In India the Environment Protection Act came into operation in
Answer
A. 1
83
One of the longest roads in Kerala NH 47 is currently renamed as
Answer
C. NH 544
84
The Asian Nation that has joined the WTO recently as the 164" member
Answer
B. Afghanistan
85
The First Girl’s School of the BEM in Kerala was opened in 1839 at
Answer
D. Nettur
86
The First International Festival on Birds was held in December 2015 at
Answer
B. Uttar Pradesh
87
Who Proclaimed Akkamma Cherian as The Jhansi Rani of Travancore ?
|
Answer
D. None of these
88
The n's Malayalam magazine Sreemathiwas published from Travancore by
Answer
B. Anna Chandi
89
The Return of the Red Rosesis the biography of
Answer
C. Indira Gandhi
90
The Magazine Sadhujana Dootan was published by
Answer
A. Pampadi John Joseph
91
The newspaper Prabhatham began to be published in 1944 by
Answer
D. None of these
92
The Commission which recommended for the establishment of Inter-state Council
Answer
A. Sarkaria Commission
93
The 14"” Finance Commission was constituted under the Chairmanship of
Answer
D. Y.V. Reddy
94
The 100'" Amendment Act of Indian Constitution relate to
Answer
A. Boundary Agreement
95
The State which is declared as the first E-Panchayat State in India
Answer
C. Punjab
96
The Suguna Vardhini was an organization established by
Answer
D. Ayyathan Gopalan
97
translated Taming of the Shrew the drama of Shakespeare in to
Malayalam.
Answer
B. Ki thil Varghese Mappila
98
The Kerala Vanitha Commission Bill was passed in
Answer
C. 1995
99
The social welfare scheme Annadayini relates to policy of giving nutritious food to
Answer
A. Tribal people
100
Which day is observed as Temple Entry Day all over Kerala as part of the
Temple Entry Movement ?
Answer
B. 1 November 1931
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