| Post Name | ACCOUNTS OFFICER |
|---|---|
| Department | KERALA CO-OPERATIVE MILK MARKETING FEDERATION LTD |
| Question Paper Code | 002/2015 |
| Date of Test | 6 January 2015 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
“Business unit is separate and distinct from the person who supply capital” is based on :
Answer
C. Accounting entity concept
2
Mr, A purchased a machinery costing % 1,00,000 on 1st November 2013. Transportation
and installation charges were incurred amounting & 10,000 and % 4,000 respectively.
Dismantling charges of the old machine was 2 10,000. Market value of the new machine was
estimated at & 1,20,000 on 1* March 2014. While preparing final accounts, A values the
machinery at % 1,20,000 in his books. Which of the following, concepts was violated by A ?
Answer
A. Cost concept
3
| Acompany wishes to earn 20% profit margin on selling price.____ is the profit mark-up
on cost, which will achieve the required profit margin.
Answer
B. 25%
4
Debit note is associated with :
Answer
A. Purchase return
5
When shares are forfeited the share capital account is debited by:
Answer
D. Called-up amount
6
Accounting Standards in India are issued by :
Answer
C. Institute of Chartered Accountants of India
7
The basic rule of “debit the receiver and credit the giver” applies to =
Answer
B. Personal account
8
Balance sheet shows financial position of a concern :
Answer
B. As on a particular date
9
Fixed assets of a business is % 1,00,000; Current assets are = 20,000; Capital and Long term
liabilities are 7 50,000, then Current liabilities will be :
Answer
A. 770,000
10
Preliminary expenses are an example of :
Answer
C. Capital expenditure
11
Closing stock of a trading concern is equal to :
Answer
D. Opening stock + Purchases — Cost of goods sold .
12
Provision for bad and doubtful debt is created on :
Answer
D. Sundry debtors less bad debts
13
The study of relationship of various items in the financial statements of one accounting period
is called ;
Answer
B. Vertical Analysis
14
Ratios calculated to measure the efficiency with which the resources of a firm have been
employed are called :
Answer
C. Turnover ratios
15
If the working capital of a company is & 90,000 and its current ratio is 2.5, what is the value
of its current asset ?
Answer
A. 2 1,50,000
16
The capital structure of a company consists of & 1,00,000 Equity shares; % 50,000 10%
Redeemable preference shares; and % 30,000 8% debentures, What is its Capital Gearing
ratio ?
Answer
D. 1.25
17
In provision method of depreciation, the asset always appears at ;
Answer
B. Cost price
18
Which of the following is shown in Profit and Loss Appropriation account ?
Answer
D. Contribution to General reserve
19
Written Down Value is calculated as :
Answer
A. Book Value — Depreciation
20
The revenue is generally considered as realised at the time of :
Answer
C. Sale
21
Which of the following is considered to be the appropriate objective of Financial Management ?
Answer
B. Wealth Maximisation
22
Financial management is mainly concerned with :
Answer
D. All of the above
23
The discount rate that equates the present value of cash inflows with initial imvestment
associated with a praject is called :
Answer
A. Internal rate of return
24
______ measures present value of returns per rupee invested.
Answer
C. Profitability index
25
The choice of investment proposals under financial constraints of capital expenditure budget
is called ;
Answer
A. ‘Capital rationing
26
The risk to the firm of being unable to cover fixed operating cost is called :
Answer
C. Business risk
27
‘The EBIT level at which EPS is the same for two alternative financial plans is referred to as :
Answer
B. Indifference point
28
Average rate of return is calculated from :
Answer
B. Annual Profits
29
In which method of capital budgeting cash inflows are discounted at the cost of capital ?
Answer
C. Net present value
30
Financial leverage is calculated by :
Answer
A. EBIT /PBT
31
“Pecking order theory” is associated with :
Answer
D. Financing decision
32
Arbitrage process is the operational justification of which of the following theories ?
Answer
C. Modigliani and Miller theory
33
EBIT - EPS analysis is associated with :
Answer
A. Designing Capital structure
34
If the fixed cost of a firm is ₹90,000 and contribution is ₹1,00,000, its operating leverage will be:
Answer
C. 10
35
As per Capital Asset Pricing Model (CAPM) the required rate of return on equity is given by :
Answer
B. R_f + B_i(R_m - R_f)
36
Which of the following is costlier source of capital ?
Answer
D. Equity Shares
37
The formula for Present Value is:
Answer
A. 1/(1 + r)ⁿ
38
Walter's Dividend Model is based on the relationship between rate of return and j
Answer
D. Cost of capital
39
Scrip dividend means :
Answer
B. Dividend paid other than cash
40
Which is the correct formula for the computation of NOPAT ?
Answer
D. PAT+INT(1-7)
41
Which of the following is the component of capital market ?
Answer
C. Government securities market
42
The introduction of Liquidity adjustment facility in India was on the basis of the
recommendations of :
Answer
D. Narsimham committee
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43
The jobber is also known as :
Answer
A. Taravaniwala
44
Shares issued by companies which have the ability to surpass the GDP of the country are
known as :
Answer
B. Stalwarts
45
In mortgage guarantee, means the classification of a borrower account as NPA.
Answer
A. Triggerevent
46
The term ‘Avalling bank’ is related with :
Answer
C. Forfeiting
47
The equity assessment process commences at the request of :
Answer
B. Investor
48
Refactoring charges have to be paid in the case of ;
Answer
C. With recourse factoring
49
Certificate of Deposit are issued as Usance Promissory Notes with maturity ranging from :
Answer
A. 7 days
50
Liquidity adjustment facility is a tool which allows banks to borrow money through :
Answer
D. Repurchase agreement
51
A fund that combines the features of open-ended and close-ended schemes is :
Answer
A. Interval fund
52
Which of the following is not a part of systematic risk ?
Answer
B. Business risk
53
Which of the following is beyond the control of monetary policy authorities ?
Answer
C. Impact lag
54
refers to increase in the number of items that a licensed industry can produce
within the licensed range of products.
Answer
B. Broad banding
55
Under economic environmental analysis _ explains the relation between tax rate
and tax revenue.
Answer
D. Laffer curve
56
If the economy is already close to full employment, any substantial dose of government
investment will tend to displace private investment plans. This is called __ of public
investment.
Answer
C. Crowding out effect
57
A profitable business or government organisation with regular cash flow because of the
sustained demand or popularity :
Answer
B. Cash cow
58
Basel norms are regulatory stipulations meant for :
Answer
C. Banks
59
Providing permission to use technical know how by parent organisation to another individual
is known as :
|
Answer
D. Franchising
60
EXIM Bank is owned by :
Answer
A. Fully owned by Government of India
61
Factoring means ;
Answer
C. Purchasing and administering the receivables of a concern
|
62
The standard rate of interest at which RBI is prepared to buy/rediscount bills of exchange or
other commercial paper from banks is :
|
Answer
B. Bank rate
63
Growth Fund is a mutual fund that :
Answer
D. Invests primarily in equities
64
Which of the following forms part of social environment ?
Answer
D. Composition of family
65
Factors that affect consumer purchasing power and spending patterns make up the
environment.
Answer
B. Economic
66
In the implementation stage of a project, provide start up finance.
Answer
D. Venture capital
67
_________is a continuous and constant involvement in the operations of the venture capital
company by the venture capital institution.
Answer
B. Hands on nurturing
68
SEBI was established in the year :
Answer
A. 1988
69
refers to measures taken by RBI to control and regulate money supply.
Answer
C. Monetary policy
70
Open market operations are mainly used as :
Answer
D. A monetary measure to regulate quantity of money in circulation
71
Double compartmental system is :
Answer
A. Accounting, procedure followed by wholesale co-operative stores
72
Section ____ of the Kerala Co-operative Societies Act deals with disposal of net profit.
Answer
B. 56
73
Section 72 of the Kerala Co-operative Societies Act deals with :
Answer
D. Liquidator
74
Anamendment of the bye-laws of a society shall come into force on the day :
Answer
C. On which it is registered
75
A member of co-operative society shall not have a right to vote if he is admitted
within, immediately prior to the date of election.
Answer
C. 60 days
76
Who designates officers to assist the conduct of election of a co-operative society ?
Answer
A. State Co-operative Election Commission
77
Answer
A. society is ought to be wound up if it has not commenced working within ______ of its
registration.
78
_____is the apex body responsible for co-operative education and training.
Answer
D. National Co-operative Union of India
79
Any society for its first year of audit :
Answer
A. Exempted from the payment of audit fee
80
A minor can be a member of a co-operative society :
Answer
B. Formed exclusively for the benefit of the students of any school or college
81
Among the following which is not the tributaries of the Ganga river ?
Answer
C. Ravi
82
Name the programme announced in 2009 to make India Slum free within five years.
Answer
A. Rajiv Awas Yojana
83
Which Act of British in India was named as ‘Black Act’ by Gandhiji ?
Answer
B. Rowlatt Act
84
Choose the wrong pair.
Answer
D. Tuticorin - Maharashtra
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85
Among the following leaders who is not related to the Revolt of 1857 ?
Answer
C. Rani Gaidiliu
86
India’s largest Solar Power Plant inaugurated recently is situated in which state ?
Answer
A. Madhya Pradesh
87
Which country was the fourth largest Steel producer in 2013 ?
Answer
D. India
88
The first Indian Woman Singles player to win a medal at the World Badminton
Championships :
Answer
B. P.V. Sindhu
89
Which film won the Oscar Award in 2014 ?
Answer
B. 12 years a slave
90
The book “Train to Pakistan” written by famous writer who died recently is :
Answer
A. Kushwant Singh
91
Which is the largest fort under the care of Archaeological Survey found in Kerala ?
Answer
C. Bekal fort
92
The widest pass in Sahyadri is :
Answer
D. Palakkad pass
93
Which of the following is not the tributaries of Bharatha Puzha ?
Answer
C. Cheru Puzha
94
Samuthiris were the rulers of :
Answer
A. Kozhikode
95
Which is the predominant soil in Kerala ?
Answer
B. Laterite Soil
96
Who founded Prathyaksha Raksha Daiva Sabha ?
Answer
D. Poikayil Yohannan
97
Among the following who was not the disciple of Thycaud Ayya ?
Answer
A. Vagbhatananda
98
The book “Treatment of Tiyyas in Travancore” is written by :
Answer
B. Dr.Palpu
99
Among the following which is not the work of Brahmananda Swami Sivayogi ?
Answer
D. Kannirum Kinavum
100
Who changed his name from “Mudichudum Perummal”as “Muthu Kutty”due to resistance
from upper caste ?
Answer
C. Vaikunda Swamikal
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