| Post Name | ACCOUNTS OFFICER |
|---|---|
| Department | KERALA STATE PALMYRAH PRODUCTS DEVELOPMENT AND WORKERS WELFARE CORPORATION LTD - KELPALM |
| Question Paper Code | 239/2015 |
| Date of Test | 30 December 2015 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
Accountants treat a business as distinct from the persons who own it. This concept is
termed as :
Answer
A. Business Entity Concept
2
The expenditure which results in the acquisition of an asset, tangible or intangible which can
later be sold or converted into cash or which results in an increase in the earning capacity of
a business or which affords some other advantage to the firm :
Answer
B. Capital Expenditure
3
The assets which constantly change in value through transactions that are entered into are
called :
Answer
C. Floating Assets
4
The accounting practices should remain the same from one year to another as per t
Answer
A. Convention of consistency
5
Retained Earnings is
Answer
C. Liability to the Company
6
The arithmetical accuracy of the accounts can be checked by preparing :
Answer
C. Trial Balance
7
The dual aspect of accounting is ensured in the :
Answer
A. Double entry system
8
Transactions are entered in the books of account at the amount actually involved in the
concept of :
Answer
A. Cost concept
9
The Balance sheet is also called :
Answer
B. Position Statement
10
“The art of recording classifying and summarising in a significant manner and in terms of
money transactions and events which are in part at least, of a financial character and
interpreting the results thereof...” :
Answer
A. Accounting
11
The shares whose value which fluctuates in the market with the fortunes of the company :
Answer
C. Equity Shares
12
The maximum capital that the company is authorised to raise :
*
Answer
B. Nominal capita
13
Super Profit Method is used in the valuation of :
)
Answer
B. Goodwill
14
The issue of debentures is regulated by :
Answer
A. SEBI
15
When one company takes over another company, itis called? ~
Answer
D. Absorption
239/2015 4 A
16
When the purchase consideration is given directly by stating the amount to be paid by the
purchasing company to the shareholders of the vendor company?
Answer
Question Cancelled
17
When the shares are issued for the first time by the company to the public it is called?
Answer
C. Initial public issue
18
When shares are forfeited the share holder?
Answer
C. name will be removed from the register of members
19
Issue of bonus shares can otherwise be called as :
Answer
B. Capitalisation of Profit
20
The aggregate of the shares and other securities issued and payment in cash by the buyer
company to the shareholders of the vendor company :
Answer
D. Purchase consideration
21
The amount of expenditure actual or notional incurred or attributable to a given thing :
Answer
A. Cost
22
The optimum quantity for which order is placed when materials are to be purchased :
Answer
C. EOQ
23
The method of ascertaining cost in those industries in which goods are manufactured or
services are rendered against specific orders from customers :
Answer
D. Job costing
A 5 239/2015
[P.T.0.]
——————————————
24
Provision for increase in the contract price to accommodate increase in materials and labour
cost :
Answer
C. Escalation clause
25
The statement which is designed to show the output of a particular accounting period along
with break-up of costs : ‘
Answer
D. Cost Sheet
26
The smallest segment of activity or area or responsibility for which costs are accumulated :
:
Answer
C. Cost centre
27
The change in costs due to change in the level of activity or pattern or method of production
is called :
Answer
A. Differential cost
28
All joint products are treated as :
)
Answer
B. Main produets
29
The process of setting up of standards or targets and comparing actual performance with a
view to ascertain deviations from standards and taking corrective actions is termed as :
Answer
A. Cost control
30
The most important criteria for distinguishing between joint products and by-products :
Answer
C. Sales yalue
31
Various grades of coal produced in mining should be treated as :
Answer
B. Joint products
32
Budgetary control is a method of:
Answer
A. Cost control
33
The national productivity council was established in 1958 with its headquarters at :
Answer
A. New Delhi
34
The change in market value resulting from an alteration in the form, location or availability
of a product or service excluding the cost of brought-in-material and services :
Answer
C. Value added to product
35
‘The management takes corrective actions on the basis of ;
|
Answer
B. variance analysis
36
The amount at any given volume of output by which the aggregate costs are changed if the
volume of output is increased or decreased by one unit :
|
Answer
C. Marginal cost
37
A document which sets out the responsibilities of the persons engaged in the routine of and
the forms and records required for budgetary control :
Answer
B. Budget manual
38
Costs can be classified into horizontal costs and predetermined cost on the basis of :
Answer
C. Time
39
The costs which are not related to operations but can be controlled by the management is
called :
|
Answer
B. Discretionary cost
40
Sales — Variable cost =-:
Answer
D. Contribution
41
Financial management is concerned with : ‘
Answer
C. Mobilization of fund and its effective utilization
¢
42
Capital budgeting is
Answer
B. Strategic Decision
43
In Pay back period method, we accept.the project having :
Answer
C. Shortest payback period
44
Dividend decision is not influenced by:
Answer
B. Age of company
45
Technique which enable the company to select the best alternative from among a number of
alternative proposal is called ;
Answer
D. Capital budgeting
46
Net operating income approach is put forwarded by :
Answer
D. David Durand
47
Working Capital Decision is not influenced by:
Answer
D. Depreciation policy
239/2015 8 A
a ——t
48
EBIT means:
Answer
D. Operating profit
49
Rate at which present value of cash inflow equates present value of cash outflow :
Answer
B. IRR
50
Which is the cheapest source of capital?
|
Answer
Question Cancelled
51
Capital which is not represented by assets of a company is known as :
Answer
D. Watered stock
52
Stock dividends and Bonus shares are :
Answer
A. Synonymous j
53
Financial leverage arise due to;
Answer
A. Debt capital
54
Trading on equity magnifies the profits when :
Answer
B. Rate of return greater than cost of capital
55
When liquidity of a firm increases then profitability?
Answer
B. Decreases
56
Which of the following is not a cash management model?
|
Answer
B. CAPM Model
57
Hard core working capital refers to :
Answer
B. Fixed working capital
58
Make up of capitalization refers to :
Answer
D. Capital Structure
59
Risk associated with the use of fixed cost securities is called :
Answer
B. Financial risk
60
Main objective of financial management is ;
Answer
C. Wealth maximization
61
———————_ acts as a tax shield.
Answer
B. Depreciation of assets
62
Hurdle rate means :
Answer
B. Cost of capital
63
‘The term capitalization is associated with :
Answer
C. Company
64
Over capitalization refers to : s
Answer
B. Raising more of capital than supported by its earning power |
65
Which of the following is not a concept of working capital?
Answer
C. Full cost concept
66
Dividend pay out ratio of a growing firm is : ;
Answer
B. Low
67
Gorden model is associated with :
Answer
C. Dividend Policy
68
Combination of debt and equity that leads to maximization of the value of the firm is
known as:
Answer
D. Optimum capital structure
69
‘Two alternative financial plans give the same EPS such a situation is known as :
Answer
A. Indifference point
70
‘The cost associated with issuing securities is known as :
|
Answer
C. Flotation cost
71
Ascertaining the future value of a present sum is known as:
Answer
B. Compounding
72
EVAstands for :
|
Answer
A. Economic Value Addition
73
Holding of cash for investing in profitable opportunities as and when it arise is known as :
Answer
A. Speculative motive
74
Deheja committee report relates to :
Answer
C. Working capital financing
75
The criteria which a firm follows in selecting customers for the purpose of credit extension is
known as : :
Answer
A. Credit standards
76
Which of the following is not a basic feature of an ideal financial plan?
Answer
B. Rigidity
|
77
The most common form of dividend is :
Answer
D. Cash dividend
78
The automatic sources of short term funds arising in the normal course of business are :
Answer
C. Spontaneous financing
79
Finance function involves :
Answer
D. All of the above
80
The estimated requirement of total funds for working capital should be met from long term
sources is known as :
Answer
C. Conservative approach
81
The Vice-Roy who introduced financial decentralisation in India :
Answer
B. Lord Mayo
82
The directive principles included in our constitution from articles :
Answer
A. 36-51
83
The journal “Athma Vidhya Kahalam” was started by :
_
Answer
D. Swamy Vagbhatananda
84
‘Keralam Malayalikalude Mathrubhumi’ is a famous book written by :
Answer
A. E.M.S. Nomboothiripadu
85
The parliament passed the National Rural Employment Guarantee Act on :
Answer
D. 23 August 2005
86
The right to information laws were first successfully enacted by the State Government of :
Answer
B. Rajasthan
87
The Public Service Commission in Travancore was setup in the year :
Answer
C. 1936
88
The only Chief Justice of the Supreme Court of India who took the charge as President of .
India :
Answer
A. Mohammad Hidayathullah
89
The character ‘Savithri’ is related with the novel :
Answer
B. Duravastha
90
The Folk Art ‘Kanniyar kali’ is the art form of the district :
Answer
A. Palakkad
91
“Raja Suyam” the Attakatha was the work of :
Answer
B. Karthika Thirunal
92
The First Indian President to visit the official residence of santa claus?
Answer
A. Pranab Mukerjee
93
The Kerala state sports day is celebrated on :
Answer
C. October 13
94
“Unbreakable” is the autobiography of :
Answer
C. Mary Kom
95
Moorthi Devi award is given for excellance in the field of :
Answer
D. Literature
96
The organisation called Samatra Samajam was established in the year :
Answer
B. 1836
97
Allahabad is the head quarters of which railway zone in India?
Answer
A. North Central Railway
98
The winner of the Wimbledon 2014 Grand Slam Championship :
Answer
C. Novak Djokovic
99
The head quarters of the Amnesty International is situated at :
Answer
D. London
100
The study of Oneirology is related to :
Answer
C. Dreams
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