| Post Name | ACCOUNTANT/JR ACCOUNTANT/ACCOUNTS ASSISTANT/ACCOUNTS CLERK |
|---|---|
| Department | VARIOUS COMPANIES/CORPORATIONS |
| Question Paper Code | 082/2016 |
| Date of Test | 25 June 2016 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Which one of the following is true with regards to cash discount?
Answer
A. Itis discount on prompt payment
2
Who, among the following, is associated with the term ‘Marketing Myopia’?
Answer
D. ‘Theodore Levitt
3
In which of the following pricing strategy, the marketer charge maximum price on |
introducing a new product?
Answer
C. Skimmed Pricing
4
————_—_———_is the set of all products and items that a seller offers to sell. |
Answer
B. Product Mix
5
Which of the following do not fall under ‘4Ps’ suggested by McCarthy?
Answer
D. Perfection
6
Which of the following concept says that the consumers will favour those products that are
available widely at low cost?
Answer
A. Production Concept
7
In ‘ABC analysis of stock control, which of the following is true with regards to ‘C’ category
; goods?
Answer
D. They have loose control
A a ;
[P.T.O.]
8
Which of the following is the formula to calculate workers wage under Halsey Premium Plan?
Answer
C. TxR+%(S-TDR
9
It said that Batch Costing is an extension of —————————— Costing.
Answer
B. Job
10
The smallest sub-unit of an organisation where cost collection is attempted is :
Answer
A. Cost Center
11
Zero Based Budgeting is related to whom of the following?
|
Answer
C. Jimmy Carter
12
In costing, the sum of direct material, direct labour and direct overheads are known as:
Answer
Question Cancelled
13
Cost of abnormal idle time is:
Answer
B. Debited to Costing P&L Account ;
14
Which one of the following is an uncontrollable cause of material price variance?
Answer
A. Change in market price
15
Two or more products, with same importance, produced during a production process is known |
As:
Answer
B. Joint Product
16
FIFO method is best suited when :
Answer
A. Prices are Falling :
17
In costing ———————_—— analysis is used primarily for control of spare parts.
ney
Answer
C. VED
18
Which of the following is true with regards to ‘Bin Card”?
Answer
C. It records quantity only
19
Average Stock Level is calculated with which of the following formula?
Answer
A. Minimum Steck + % Reorder quantity
20
What is ‘EOQ’ if: Consumption per Year is 600 Units, Carrying Cost is 20%, Ordering Cost is
Rs,12.00 per order and Price/Unit is Rs. 20?
Answer
Question Cancelled
21
Which of the following is/are true with regards to ‘escalation clause’?
Answer
D. Both
22
Special Drawing Right (SDR) is related to which of the following institution?
Answer
C. IMF
23
In which year the LIC was formed?
Answer
B. 1956
24
Which of the following institutions regulate Indian Money Market in India?
Answer
A. RBI
25
Which of the following institution was formed in India with the help of World Bank?
Answer
C. ICICl
26
Name the first mutual fund scheme offered in India :
Answer
D. Unit Scheme - 64
27
All, except one, given below belongs to a group. Find out one which does not belong to the
group.
Answer
A. International Monetary Fund
28
RBI was established in which year?
Answer
B. 1935
29
Of the following, which was the first Development Financial Institution started in India?
Answer
D. IFCI
30
Which of the following insurance company has reinsurance business?
Answer
C. GIC of India
31
What is the meaning of the Latin word ‘audire’?
Answer
A. To hear
32
Audit note book is maintained by whom?
Answer
D. Audit clerk aa
082/2016 6 A
33
Which of the following statement is most suitable to an ‘audit report’?
Answer
C. Itis an opinion of the Auditor
34
As per Indian Companies Act 2013, Section 139, an individual auditor, on appointment shall
hold the office for a term of :
Answer
D. 5years
35
On completion of an audit, Audit Working Papers are : |
Answer
B. Retained by the Auditor !
36
Which of the following statement is wrong with regards to an internal auditor?
Answer
A. Has statutory Powers |
37
Not recording a transaction in the books of account is treated as an error of :
Answer
B. Omission
38
As per Companies Act 2013, remuneration of the first auditor of a company is fixed by whom
of the following? '
Answer
D. Board of Directors
39
Who appoint auditor in the case of a Government company or any other company owned or
controlled, directly or indirectly, by the Government as per Companies Act 2013? |
Answer
C. CAG of India ,
40
Which of the following statement is wrong with regards to internal check?
Answer
B. Itis done by appointed auditor
41
Following are the names of table of random numbers except :
Answer
C. Lwuea's table of random numbers
42
Value of Probability hes between :
Answer
B. Oand 1
43
Two unbiased coins are tossed. What is the probability of getting at least one tail?
Answer
A. 3/4
44
Which of the following is the correct expression of regression equation of ¥Y on X? |
|
Answer
D. Y, =a+bX
45
The value of ‘No correlation’ is:
Answer
B. O
46
Which of the following is not a property of ‘Normal Distribution’?
Answer
A. Coefficient of skewness is one
47
Which of the following is not a random sampling method?
Answer
D. Judgment sampling —
48
Theory of sampling is based on:
Answer
C. Both
49
In which year the Indian Contract act was passed?
Answer
A. 1872
50
Which of the following is not a negotiable instrument?
Answer
B. Share Certificate
51
° Bank Draft is
Answer
Question Cancelled
52
Grace period for calculating maturity of a Bill of Exchange as per Act is :
Answer
A. 3 days
53
Which of the following Indorsement is not valid.under Negotiable Instruments Act 1881?
Answer
C. Partial Indorsement
54
The ‘Doctrine of Reputed Ownership’ is related to which of the following?
Answer
B. Insolvency Acts 7
55
Of the following, which is the formal certificate of dishonour issued by a Notary Public, to the
holder of a Bill or Note on his demand? |
Answer
C. Protest
56
All crossings
Answer
D. rawing two parallel transverse lines, usually on the left hand top corner) on a
cheque with following words - between parallel lines - are treated as general crossing, |
except : |
57
Which of the following is true with regards to a balance sheet?
Answer
D. It shows position of a businegs on a particular date
58
Income received but not earned is: -
Answer
B. A Liability
59
Bank Account is an example of :
Answer
D. Personal Account
60
Unclaimed dividend is shown under which heading in the balance sheet?
Answer
A. Current Liabilities
61
Surrender value of joint life policy is shown as asset in the balance sheet when premium is
_ treated as:
Answer
A. An ordinary business expense
62
In which year the Income Tax Act was passed?
Answer
D. 1961
63
Which of the following statement is false with regards to ‘income’ under Income Tax Act?
Answer
C. It ean be gift with clear personal element
4
64
Which of the following is not a business expense?
Answer
A. Depreciation
65
What is meant by the term ‘Adjusted Purchase’?
Answer
Question Cancelled
66
Which one of the following is correct with regards to Budget? |
Answer
D. Itis a single use plan
67
Which of the following is not a technique of scientific management?
Answer
A. Scheduling
68
Theory of human motivation (need hierarchy theory) is given by whom?
Answer
C. A.H. Maslow
69
Who invented ‘Difference Engine’?
Answer
D. Charles Babbage |
70
Who among the following is treated as founder of ‘Human Relation School’ of management?
Answer
C. Elton Mayo
71
Which of the following is nota management function as given by H. Fayol?
Answer
D. Staffing
72
Which of the following best explains ‘Planning Premises”?
Answer
A. Planning environment
73
The idea of ‘Functional Foremanship’ of supervision is given by whom?
Answer
B. F.W. Taylor
74
Which is the oldeat form of organisation?
Answer
D. Line |
75
The process that reduce the gap between planning and performance ia :
Answer
C. Controlling
76
‘Order of command that runs from top to bottom’ is explained by :
Answer
A. Scalar Chain
77
Accountability means what?
Answer
B. Obligation for the performance of duty
78
Which of the following primarily means to transfer authority from an individual to another?
Answer
A. Delegating
79
Who issue Treasury Bills in India? |
Answer
C. RBI
80
Which one of the following is not a right under Consumer Protection Act 1986? |
Answer
B. Right to protect environment |
81
The first characteristic Malayalam novel is ‘Indulekha’ publishedin: . |
|
Answer
B. 1889 |
82
Swadeshibhimani Ramakrishna Pillai was deported from ‘Travancore in:
Answer
B. 1910
83
Channar agitation took place during the tume: 7 :
Answer
B. Utharam Thirunal
84
‘Paschimodayam’ was published by :
Answer
B. Herman Guntert
85
ie 85. The first girls school was started at:
Answer
B. Kottayam
86
| 86,. “Tatva prakasika ashram’ is an educational centre started by :
Answer
A. Vagbhatananda
87
Author of Kerala Sahitya Charithram :
Answer
A. Ullur 8. Parameswara lyer
88
Deshabhimani was the newspaper of :
Answer
A. 'T.K. Madhavan
89
93” constitutional Amendment related with :
Answer
A. Education
90
The ex-officio chairman of Rajyasabha : |
Answer
A. Vice president ' '
91
Election commission came into existence in :
Answer
C. 1950
92
Who was the first president of the Nair service society?
Answer
C. K. Kelappan
93
Who has been appointed as Director General of police, kerala?
Answer
Question Cancelled
94
Who started the Bachpan Bachao Andolan?
Answer
C. Kailash Satyarthi
95
The International Boxing Association banned which Indian Boxer for one year for not
accepting her bronze medal at Asian Game 2014:
Answer
C. Sarita Devi
96
The Asian Games 2018 will be held at: |
Answer
D. Jakartha
97
Founder of Travancore muslim Mahagensabha :
Answer
D. Vakkom Abdul Khadar Moulavi
98
Guruvayur satyagraha was in:
Answer
D. 1931
99
Siva Temple at Aruvipuram established in :
Answer
D. 1888
100
Sahodara Sangam was founded at :
Answer
D. Cherayi
082/2016 14 A
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