| Post Name | ACCOUNTANT - KERALA ARTISANS DEVELOPMENT CORPORATION LIMITED |
|---|---|
| Question Paper Code | 011/2017/OL |
| Category Code | 650/2014 |
| Date of Test | 6 March 2017 |
| Medium of Question | ENGLISH |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
The constitution of India adopted the idea of Directive Principles of State Policy from the constitution of
Answer
D. Ireland
2
Which is not among the Fundamental Rights?
Answer
B. Right to property
3
Who is the highest law officer of India?
Answer
A. Attorney General
4
Expand KELSA
Answer
B. Kerala State Legal Services Authority
5
First Digital State in India is
Answer
C. Kerala
6
The International Day for the Elimination of violence against women is
Answer
D. November 25
7
Litho printing in Kerala was introduced by the protestant missionary
Answer
D. Herman Gundert
8
Name the Social Reformer who has founded Jathinashini Sabha through which he promoted inter-caste marriage in kerala
Answer
A. Swami Ananda Theerthan
9
The Temple Entry Proclamation was issued in the year
Answer
C. 1936
10
The Founder of Swadeshabhimani Newspaper was
Answer
B. Vakkom Abdulkhadar Maulavi
11
The novel written by C.V. Raman Pillai
Answer
A. Marthandavarma
12
The woman, who is famous through the 'Rajadhani March' to Kaudiyar Palace
Answer
A. Akkamma Cheriyan
13
Who founded common wells called " Munthi Rikkinar" for people from all castes?
Answer
C. Vaikunda Swamikal
14
Kallumala Agitation associated with
Answer
B. Ayyankali
15
Who is known as "Kerala Vyasa"?
Answer
A. Kodungallur Kunhikkuttan Thampuran
16
'Beti Bachao' 'Beti Padhao' scheme has been launched in India in
Answer
C. January 2015
17
The master gland of human body is
Answer
D. Pituitary gland
18
The European country associated with BREXIT
Answer
B. Britain
19
The Malayalam poet who bagged Asan Smaraka Award 2016 is
Answer
D. Chemmanam Chacko
20
The 12th person among the Chief Ministers of Kerala is
Answer
C. Pinarayi Vijayan
21
___________ are the cost of either a single process or a series of processes that simultaneously produce two or more products of significant relative sales value.
Answer
B. Joint costs
22
____________ costs are not traceable to any plant, department, and operation or to any individual final product.
Answer
C. Both (1) and (2)
23
___________ is the production that fails to meet quality or dimensional requirements and hence has to be disposed of without further processing.
Answer
A. Spoilage
24
If normal usage of raw material is 110 per day, minimum usage is 50 per day, maximum usage is 140 per day, and lead time is 25 to 35 days, the minimum stock level is ________.
Answer
B. 1175
25
____________ is a form of specific order costing which applies where work is undertaken to customer's special requirements and each order is of short term duration.
Answer
B. Job costing
26
In contract costing retention money is the difference between work certified and _________.
Answer
B. Cash received
27
Process account is credited with the scrap value of __________.
Answer
C. Normal loss
28
Under marginal costing, contribution is
Answer
C. Both (1) and (2)
29
Material usage variance is a combination of ____________.
Answer
A. Mix variance and Yield variance
30
_____________ is a method of budgeting where no reference is made to previous level of expenditure.
Answer
C. ZBB
31
____________ is a subsidiary objective of Auditing.
Answer
B. Detection and prevention of fraud
32
Goods purchased for Rs. 10,000 is recorded in purchases day book as Rs. 1,000 is a ___________ type of error.
Answer
B. Commission
33
Scheduling dates for interim and year end audit procedures is a goal of ____________.
Answer
C. Audit Planning
34
Mistakes and Errors detected are recorded in ____________.
Answer
A. Audit Note Book
35
____________ is an arrangement of duties allocated in such a way that the work of one person is automatically checked by another.
Answer
C. Internal check
36
____________ is an investigation of business from the highest level downward in order to ascertain whether sound management prevails throughout the company.
Answer
D. Management audit
37
When the auditor is satisfied with the fairness of the balance sheet and profit and loss account, he will give a ______________ report.
Answer
B. Unqualified report
38
On completion of Annual Audit the auditor's report is issued on ___________.
Answer
C. Any date later than the end of the period
39
_____________ is the owner of Working Papers in a company audit.
Answer
C. Auditor
40
___________ audits the books of accounts of government companies as per the Companies Act.
Answer
A. CAG
41
The job of figuring out the ways and means of financing investment projects is __________ decision.
Answer
B. Capital Structure
42
The process of ____________ is used for calculating the Present Value of a cash flow.
Answer
D. Discounting
43
____________ investors have a claim on residual cash flows of the firm.
Answer
B. Equity
44
____________ leverage arises from the firm's fixed costs such as salaries, depreciation, insurance etc.
Answer
A. Operating
45
When inventories and receivables are supported by credit provided by suppliers and the customers pay in advance then a firm cash have a ____________ Working Capital.
Answer
D. Either (1) or (2)
46
______________ is a non-discounting criteria to judge the worthwhileness of investment projects.
Answer
C. ARR
47
When 'Profit after tax' is divided by 'book value of assets', we get ____________.
Answer
A. ARR
48
A rights issue of capital to the existing shareholders through a Letter of Offer is made in the first instance to the existing shareholders on a _____________ basis.
Answer
C. Pro rata
49
The reason for Equity Buy Back can be ____________.
Answer
D. All of the above
50
Bonds that have a credit rating of BB or lower by Standard and Poor's and Ba or lower by Moody's are referred to as _____________ Bonds.
Answer
B. Junk
51
As per Section 5, incidence of tax on a taxpayer depends on : I. His residential status. II. The place and time of accrual or receipt of income.
Answer
A. Both I and II
52
For an NRI, Foreign Income is
Answer
B. Not taxable in India
53
Loss under the head of "Capital Gains"
Answer
B. Cannot be set off against any other income and shall be carried forward
54
GST stands for
Answer
B. Goods and Services Tax
55
The remuneration received by people like doctors, architects, lawyers etc from their clients is treated under the head
Answer
B. Income from business or profession
56
______________ is any casual emolument fee or profit attached to an office or position in addition to salary or wages.
Answer
D. Perquisites
57
If an asset transferred without consideration is again transferred by the transferee, the resultant gain or loss is clubbed with the income of
Answer
C. Former transferor
58
Business losses cannot be set off against any income except
Answer
C. Income from salary
59
Voluntary return is filled under section
Answer
A. 139(1)
60
Ex-parte assessment is also called
Answer
B. Best Judgement assessment
61
The balance in the Shares Forfeited Account is transferred to ____________.
Answer
A. Capital reserve
62
The Sinking Fund Account is finally closed by transferring the balance to ____________.
Answer
D. General Reserve Account
63
Which of the following do not amount to appropriation of profit?
Answer
D. Provision for taxation
64
Any profit on realization of assets at the time of amalgamation is transferred to _________.
Answer
D. Equity shareholders
65
Depreciation account is given in ____________.
Answer
C. AS 6
66
The amount set aside for unrealized profit on stock is called ____________.
Answer
A. Stock Reserve
67
If the goods are invoiced at 25% on cost price, it means ____________ on selling price.
Answer
A. 20%
68
The creditors turnover ratio is obtained by dividing the Net Credit Annual Purchases by
Answer
C. Average Trade Creditors
69
An increase in current liabilities _____________ the working capital.
Answer
A. Decreases
70
The Accounting Standards Board (ASB) came to existence in the year
Answer
B. 1977
71
RTGS stands for _____________.
Answer
D. Real Time Gross Settlement
72
The right of the banker to retain all the properties of the debtor is called ___________.
Answer
B. General Lien
73
Which of the following is not a Nationalised bank?
Answer
C. Federal Bank
74
CRR stands for ____________.
Answer
B. Cash Reserve Ratio
75
RBI Act came into force in
Answer
C. 1934
76
SPNS stands for ______________.
Answer
C. Shared Payment Network System
77
Which of the following is not a property insurance?
Answer
C. Health Insurance
78
The principle of 'Causa Proxima' in insurance business means
Answer
D. All of these
79
The Life Insurance Corporation Act came into effect in the year
Answer
A. 1956
80
Which of the following is not a fundamental principle of insurance contract?
Answer
D. Assignment
81
DDB stands for _____________.
Answer
B. Deep Discount Bonds
82
In the call money market, the period for which a loan is granted shall not exceed
Answer
A. 7 days
83
Which of the following is not a Money market instrument?
Answer
C. Collateral loans
84
Equity shares issued by a company to its employees or directors, at a discount, for providing know-how is called ____________.
Answer
D. Sweat equity shares
85
Security merchants dealing in shares and debentures as independent operators are called
Answer
B. Jobbers
86
Bombay Stock Exchange was established in the year ___________.
Answer
D. 1875
87
SEBI Act came into force in the year ______________.
Answer
C. 1992
88
The first stock exchange in India was set up in _____________.
Answer
B. Bombay
89
Regulations governing Mutual Funds are being issued by ____________.
Answer
A. SEBI
90
Mutual funds attracting foreign savings for investment in India is called
Answer
C. Off-shore funds
91
TCP stands for ____________.
Answer
A. Transmission Control Protocol
92
Which of the following is not an electronic fund transfer method?
Answer
B. ATMs
93
Use of computers and communication technology for management of information is called
Answer
B. Office Automation
94
Which of the following is not a component of DSS?
Answer
D. None of these
95
The technique of Group Decision Making in which there is no formal meeting of participants is called __________.
Answer
C. Delphi Method
96
A group of cells in an Excel workbook is called ___________.
Answer
A. Range
97
Which of the following is a Database function in Excel?
Answer
B. DMAX
98
DDL stands for ______________.
Answer
A. Data Definition Language
99
Which of the following is not a Data Mining technology?
Answer
D. None of these
100
Which of the following is a tool used for arranging and storing information about data maintained in the database?
Answer
B. Data Dictionary
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