| Post Name | ACCOUNTS ASSISTANT - KERALA STATE POULTRY DEVELOPMENT CORPN. Lts. |
|---|---|
| Question Paper Code | 108/2023 |
| Category Code | 077/2021 |
| Date of Test | 4 July 2023 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
According to this accounting principle, the inventory is valued at “cost price or market
price whichever less”.
Answer
B. Conservatism principle
2
Accounting standard 25 relates to
Answer
D. Interim financial reporting
3
Pass rectifying journal entry. A credit purchase of Rs. 1,000 from Ram was entered
through the sales book.
Answer
C. Sales account dr. Rs. 1,000
4
If closing stock is given inside the trial balance, it will be
Answer
B. Shown as an asset in the balance sheet
5
A business has earned an average profit of Rs.80,000 during the last few years
and the normal rate of return in a similar type of business is 10%. Find out the
value of goodwill by capitalization method, given that assets of the firm amount to
Rs. 7,50,000 and liabilities Rs. 1,00,000.
Answer
A. Rs. 1,50,000
6
What is the journal entry in the books of the consignor, when the consignor sends
goods to the consignee ?
Answer
D. debit Consignment account, Credit goods sent on consignment account
7
ln the Tally accounting package, the voucher which is used to record the deposit of
cash into the bank account is
Answer
D. Contra voucher
8
ln case the shares are forfeited, the capital account is debited by
Answer
B. Called up amount on shares
9
The minimum rate of return that a firm must earn on its investments to maintain the
market value of its shares.
Answer
B. Cost of Capital
10
What is the capital structure of a company ?
Answer
A. The combination of debt and equity that a company uses to finance its
operations
11
A company with a high debt-to-equity ratio is said to have
Answer
B. High financial leverage
12
What is a stock split?
Answer
A. A process by which a company increases its number of outstanding shares
13
Vidhya Enterprises require 90000 units of a certain item annually. The cost per unit
is Rs.3, the cost per purchase order is Rs. 300 and the inventory carrying cost is
Rs.6 per unit per year. What is EOQ?
Answer
B. 3000 units
14
What is the formula for calculating the current ratio ?
Answer
D. Current Assets / Current liabilities
15
What is the purpose of the cash conversion cycle ?
Answer
C. To measure a company’s ability to convert inventory into cash
16
The miller and modigliani theory argues that
Answer
A. dividend policy does not affect the market price of the shares
17
The total cost of a product is Rs. 33,000. If the profit is 25% of the selling price,
calculate the amount of profit.
Answer
B. Rs. 11,000
18
When prices of materials are falling, which method of the material issue is suitable ?
Answer
A. FIFO
19
The total expense for producing 940 units of a product is Rs. 2,880 and the total
expense for producing 500 units of that product is Rs. 2,000. Calculate the variable
cost per unit of the product.
Answer
C. 2
20
BEP occurs at the intersection of
Answer
A. Total cost line and sales line
21
The formula for calculating the material usage variance
Answer
C. Standard Price (Standard Quantity – Actual Quantity)
22
What is the difference between cost reduction and cost control ?
Answer
A. Cost reduction involves reducing costs, while cost control involves achieving
predetermined costs
23
What is ABC analysis in cost accounting ?
Answer
B. A method of categorizing inventory items based on their value and importance
24
Purpose of timekeeping
Answer
C. To track attendance and hours worked
25
What is contingency theory in management ?
Answer
A. The idea that the best management approach depends on the situation
26
What is the main difference between programmed and non-programmed decisions
in management ?
Answer
A. Programmed decisions are repetitive and routine, while non-programmed
decisions are unique and complex
27
What is the main goal of transformational leadership theory ?
Answer
A. To inspire and motivate followers to achieve common goals
28
What is the most effective way to motivate employees according to equity theory ?
Answer
C. Offering rewards that are proportional to an employee’s input
29
An organizational structure in which employees have a direct reporting relationship
to two or more superiors is known as a
Answer
A. matrix structure
30
What is the primary goal of TQm ?
Answer
B. To increase customer satisfaction
31
What is the purpose of job analysis in the recruitment and selection process ?
Answer
C. To determine the skills, knowledge, and abilities required for a job
32
What is the purpose of on-the-job training in the training and development process ?
Answer
D. All of the above
33
Which of the following is a fundamental economic problem that managerial economics
addresses ?
Answer
A. Scarcity of resources
34
The law of supply states that
Answer
B. As the price increases, the quantity supplied increases
35
A perfectly competitive market is characterized by
Answer
B. many buyers and many sellers
36
Production function represents the relationship between
Answer
D. Inputs and outputs
37
A good with a price elasticity of demand greater than one is considered to be
Answer
A. Elastic
38
What type of pricing strategy involves setting prices low to quickly gain market
share ?
Answer
C. Penetration pricing
39
What type of demand forecasting involves using historical sales data to predict future
demand ?
Answer
A. Time-series analysis
40
What is the term used to describe a period of economic contraction characterized
by decreasing Gross domestic Product (GdP), rising unemployment, and declining
investment ?
Answer
B. Economic recession
41
Sec. 149 deals with
Answer
Question Cancelled
42
Every public company must at least have _________ directors.
Answer
A. 3
43
A person stays in India in more than 182 days can be a ___________ director.
Answer
B. Resident
44
Who can file a petition for winding up ?
Answer
A. The company
45
The __________ is a quasi judicial body in India that adjudicates issues relating to
Indian Companies.
Answer
B. National Company Appellate Tribunal
46
Identify the duties of a liquidator.
Answer
D. All of the above
47
An audit committee shall comprise of
Answer
A. minimum of 3 directors with a majority of directors being independent directors
48
The first meeting of the shareholders of a public limited company which is mandatory
as per the Companies Act is known as
Answer
B. Statutory meeting
49
__________ is the process where the issue price of a security is determined by
demand and supply forces in capital market.
Answer
B. Book building
50
Which is not a function of new issue market ?
Answer
D. listing
51
__________ is an organized market for the buying and selling of second hand listed
securities.
Answer
B. Stock exchange
52
A __________ is an organization which holds the shares in the form of electronic
accounts in the same way a bank holds the money.
Answer
B. depository
53
Which is not a characteristics of NIm ?
Answer
D. Transactions are between the investors
54
__________ is the process of investment by which a sponsor or syndicate of investors
making direct investment in a company.
Answer
B. Bought out deals
55
Supervise and control the functioning of stock exchange
Answer
A. SEBI
56
Which is not a function of capital market ?
Answer
D. Helps to avoid wide seasonal fluctuations in the interest rates
57
Which of the following cases, income from previous year is assessed in the previous
year itself ?
Answer
D. A person leaving India permanently
58
long term capital loss can be set off from which of the following ?
Answer
B. long term capital gain only
59
In which of the following long term assets, cost indexation benefit is allowed ?
Answer
D. Jewellery
60
Calculate the gross annual value from the following details :
municipal value ` 45,000. Fair rental value ` 50,000. Standard rent ` 48,000.
Actual rent ` 42,000.
Answer
B. ` 48,000
61
minimum Alternative Tax (mAT) is imposed on which of the following ?
Answer
A. All companies
62
Unabsorbed depriciation which could not be set off in the same assessment year,
can be carried forward up to
Answer
D. Indefinite period
63
donation to National Children’s Fund will come in which of the following deduction
under Section 80 G of Income Tax Act, 1961 ?
Answer
B. 50 percentage of deduction without any qualifying limit
64
Under capital gain head of the Income Tax Act, 1961, the income from sale of
household furniture is
Answer
D. Exempted income
65
Black box model in a marketing relates to
Answer
D. Consumer behaviour
66
Items considered part of the augmented product, do not include
Answer
D. Channels of distribution
67
Which of the following can be used by a company as communication mix to reach
the target customers ?
a. Advertising
b. Sales promotion
c. Events
d. Public relations
e. direct marketing
f. Personal selling
Codes :
Answer
D. a, b, c, d, e and f
68
Which one of the following is not a stage in the product life cycle ?
Answer
C. Equilibrium
69
The promotion mix of a company consists of following
Answer
B. Advertising, personal selling, sales promotion, publicity and public relations
70
Relationship in marketing means
Answer
C. Relation between company and customers
71
Which of the following is not a method of segmenting a market ?
Answer
D. Customers segmentation
72
Select the phases of product life cycle :
a. Initiation
b. decline
c. Boom
d. Introduction
e. maturity
f. Growth
Codes :
Answer
C. d, f, e and b
73
Audit conducted by the employee of the organisation
Answer
A. Internal audit
74
Working papers which are filled systematically and orderly
Answer
C. Audit files
75
Automatic review of operations is termed as
Answer
B. Internal check
76
Comparing entries in the books of accounts in the documentary evidence is called
Answer
A. Vouching
77
Providing the truth about the correctness and authenticity of assets and liabilities
stated in the balance sheet is called
Answer
B. Verification
78
The company auditor must be a chartered accountant within the meaning of the
Answer
D. Chartered Accountant Act, 1949
79
The first auditors of a newly started company are appointed by whom ?
Answer
C. Board of directors
80
Critical examination of books of accounts
Answer
A. Auditing
81
Which of the following is known as the backbone of the computer system ?
Answer
B. motherboard
82
Which of the following is used to provide support and control for the main memory ?
Answer
C. North bridge
83
How many pins does ddR4 RAm modules have ?
Answer
A. 288
84
A program loaded into memory and executing is called a
Answer
A. Process
85
3758 + 110112 = _____16
Answer
D. 118
86
What is the use of Gutter in mS-Word ?
Answer
C. margin that is added to the binding side of the page
87
What is the hanging indent in mS-Word ?
Answer
B. Begins a paragraph’s second and subsequent lines of text at this marker at the
left end of the ruler
88
How to convert a column of data into rows in mS-Excel ?
Answer
B. Paste Special and Transpose
89
Which of the following function is used to rounds a number up to the nearest integer
or to the nearest multiple of specified significance ?
Answer
D. CEIlING
90
Which of the following in mS-PowerPoint helps the presenter to remember what to
say while presenting ?
Answer
C. Notes
91
The process of hiding certain data from the users and showing only the required
information to them is known as
Answer
B. Abstraction
92
What will be the output of the following C++ statement ?
(10 – 15) ? ((10 – 10) ? cout<<“–5” : cout<<“0”) :
((10+10) ? cout<<“10” : cout <<“20”);
Answer
B. 0
93
________ is a virtual machine component of .NET Framework that manages and
executes the code written in any .NET programming language.
Answer
C. Il)
94
An item has direct access scope inside of the class module in which the item is
declared, as well as in all derived classes in the same project. Which of the following
is used to declare that item ?
Answer
D. Friend
95
Which of the following is known as a set of entities of the same type that share the
same properties, or attributes ?
Answer
D. Entity set
96
Which of the following operator is used to compare a value to a list of literals values
that have been specified ?
Answer
A. IN
97
The information of students in a college is stored in the relation
students (name, category, indexmark, deptName)
What will be the output of the following query ?
SElECT deptName FROm students WHERE
category = ‘GENERAl’ GROUP By deptName
HAVING AVG (indexmark) > (select AVG (indexmark) FROm students)
Answer
D. Returns the names of the department in which the average index mark of general
category students is more than the average index mark in the college
98
Which of the following is used to respond to requests for web pages ?
Answer
A. Web Server
99
Which is the correct HTml codes for a vertical frameset with 3 frames ?
Answer
A.
100
What is the output of the following JavaScript code? a = 10 + "5"; document.write(a);
Answer
A. 105
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