| Post Name | High School Teacher Hindi (By Transfer) - Education |
|---|---|
| Department | Kerala State Co operative Coir Marketing Federation Ltd Category No : 066/2019 |
| Question Paper Code | 004/2023/OL |
| Category Code | 066/2019 |
| Date of Test | 6 January 2023 |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
The excess of selling price of ļ¬nished product sold by the ļ¬rm over the price paid to procure the inputs is known as
Answer
C. Value Addition
2
Select the correct code of the following statements being 'TRUE' : (i) Working capital from business operations can be determined from Proļ¬t and Loss A/c. (ii) Interest paid on debentures is an operating activity. (iii) Cash from operations can be determined from income statement.
Answer
A. (i) only
3
Which of the following is a more rigorous test of the solvency position of a business ļ¬rm?
Answer
C. Debt-Service Coverage Ratio
4
Which of the following statements are CORRECT about ļ¬nance function? (i) Finance Function reconciles the potential conļ¬icts between functional goals and stake holder's interest. (ii) The ultimate responsibility for carrying out ļ¬nancial functions lies with the top management. (iii) Finance function involves procurement and eļ¬ective utilization of funds.
Answer
D. All the above ((i), (ii) and (iii))
5
The risk of the actual return being below the expected return is known as
Answer
D. Downside Risk
6
A company issues 18% irredeemable preference shares of face value Rs. 100 each. The ļ¬otation costs are estimated at 10% of the expected sales price. The cost of capital, if the shares are issued at 10% discount is
Answer
B. 22.22%
7
Arrange the following ļ¬nancing choices in order of preference suggested by the pecking order theory in capital structure. (i) Reinvestment of earning (ii) New issue of equity (iii) Issue of Debt
Answer
C. (i), (iii), (ii)
8
For a credit period of 30 days, a customer is entitled for a cash discount of 3% if payments are made within 20 days. This can be expressed in credit term abbreviation as
Answer
B. 3/20 net 30
9
Select the correct code of the following statements being 'True' or 'False' (i) Cost of capital is the cost of borrowing funds. (ii) Overall cost of capital decreases on payment of entire long term debt.
Answer
D. Both (i) and (ii) are False
10
Select the correct code of the following statements being 'True' or 'False' : (i) Budgets are an important tool of proļ¬t planning. (ii) Sales and purchase budgets are special decision budgets.
Answer
B. (i) is True and (ii) is False
11
A situation in the Bond Market when the rate of interest falls to the lowest level and the speculative demand for money becomes perfectly elastic is known as
Answer
B. Liquidity Trap
12
The hedge that seeks to mitigate risk of investment by incurring expenses in the same currency in which the ļ¬rm generate revenue is known as
Answer
C. Perfect Hedge
13
Given below are two statements. One is labelled as Assertion (A) and other is labelled as Reason (R) : Assertion (A) : Working capital refers to the gross working capital and represents the amount of funds invested in current assets. Reason (R) : Current Assets are those assets which in the ordinary course of business can be converted into cash within a short period of time. From the above, ļ¬nd the correct answer.
Answer
A. Both Assertion (A) and Reason (R) are correct
14
How many digits are there in a CIBIL score?
Answer
A. 3
15
Treasury Bills are short term debt instruments issued by the Govt of India are presently issued in 3 tenors namely
Answer
D. 91 days, 182 days and 364 days
16
Identify the fastest stock exchange in the world
Answer
C. Bombay Stock Exchange
17
When exchange rate in terms of domestic currency rises
Answer
A. Imports become cheaper
18
For a foreign exchange of speciļ¬c currency, the non-hedged position is classiļ¬ed as
Answer
C. Open position
19
The diļ¬erence between ask price and bid price of a security or asset in stock market is known as
Answer
D. Spread
20
Which of the following statements is/are correct about Indian Stock Exchanges? (I) The ļ¬rst computerised stock exchanged in India is Bombay Stock Exchange (BSE). (II) NIFTY and SENSEX are calculated based on market capitalisation rate.
Answer
A. II only
21
1. Sir James Wilson introduced income tax for the ļ¬rst time in India. 2. The Income Tax Act, 1961 came into eļ¬ect on 1st April 1962. 3. The Income Tax Act, 1961 applies to whole of India. Which among the above statements regarding income tax are correct?
Answer
D. All of the above
22
1. Rebate under Section 87 A is available to a resident individual. 2. Rebate under Section 87 A is not available to a non resident individual. 3. Rebate under Section 87 A is available to HUF. 4. There is a ceiling on total income for claiming rebate under Section 87 A. Which among the above statements are correct?
Answer
D. 1, 2 and 4 only
23
What is the rate of surcharge on income tax applicable for individual in the assessment year 2022-2023 where the total income exceeds rupees 50 lakh but does not exceed rupees 1 crore?
Answer
A. 10%
24
Which of the following allowances is exempted under the head income from salary?
Answer
B. Foreign Allowance
25
Which among the following statements are correct? 1. Rent collected in respect of staļ¬ quarters let out to employees is assessable as income from house property. 2. Income from house property owned by registered Trade Union is fully exempted. 3. Income from subletting of a building is assessable as income from other sources.
Answer
C. 2 and 3 only
26
What is the maximum period for the carry forward of long term capital loss?
Answer
C. 8 Assessment years
27
What is the maximum deduction in respect of medical insurance premium paid for a senior citizen?
Answer
D. Rs. 50,000
28
What is the maximum income limit for income tax exemption in case of resident senior citizen for the assessment year 2022-2023?
Answer
B. Rs. 3,00,000
29
What is the result of 'input tax deducted from tax collected on sales' under GST System?
Answer
A. Tax on Value Addition
30
A person responsible for doing any work under income tax act and he fails to do it, then that person is referred to as
Answer
C. Assessee in Default
31
Which among the following is applicable in respect of disqualiļ¬cation of a committee member of a cooperative society? i. If he is a near relative of a paid employee of the society. ii. If he is carrying on the same business as being carried on by the Society. iii. If he has applied for insolvency. iv. If he has been surcharged under Sec. 68.
Answer
D. All of the above (i, ii, iii & iv)
32
Powers of Liquidator of a Co-Operative Society is speciļ¬ed in i. Sec. 70 Rule 68 ii. Sec. 73 Rule 69 iii. Sec. 69 Rule 73 iv. Sec. 73 Rule 74
Answer
C. Only ii
33
Section 87 of the Kerala Co-operative Societies Act 1969 deals with i. Appeal to Tribunal ii. Revision by Tribunal iii. Review of Orders by Tribunal iv. Powers of Revision of Registrar and Government
Answer
D. Only iv
34
The duty to maintain all accounts, registers, oļ¬ce records and seal of the society can be done by i. Secretary ii. Manager iii. President iv. Registrar
Answer
C. Only i, ii & iii
35
Which are the instruments exempted from compulsory registration by a Co-Operative Society? i. Shares of Co-operative Societies ii. Debentures issued by Co-operative Societies iii. Endorsement upon transfer of any Debentures issued iv. GEHAN
Answer
C. Only i, ii & iii
36
'Co-operative Ombudsman' is constituted as per
Answer
B. Section 69A
37
The committee is liable to call a Special General Body i. On getting a requisition from the Registrar. ii. On getting a requisition from 1/10 of the total members. iii. On getting a requisition from 1/5 of the total members. iv. On getting a requisition from the majority of Creditors of the society.
Answer
A. Only i & iii
38
Award on Dispute is issued under
Answer
C. Section 70
39
Which among the following is/are the reasons for appointment of new committee or administrator on failure to constitute committee? i. Where the existing committee resigns enbloc. ii. Where the term of the oļ¬ce of a committee has expired and a new committee has not been constituted. iii. Where the committee fails to hod regular meeting consecutively for six months iv. Where a new committee cannot be constituted before the expiry of the term of oļ¬ce of the existing committee.
Answer
D. All of the above (i, ii, iii & iv)
40
The Supervision and Inspection of a Co-operative Society is conducted by the Registrar as per
Answer
C. Section 66
41
Class A Co-Operatives should not have over dues above
Answer
A. 10%
42
The audit fee of a Co-operative Society dealing in goods (except Coir Societies) shall be levied on the basis of
Answer
C. Sale proceeds
43
Concurrent Auditors are appointed for Societies having working capital or annual sales above
Answer
C. 25 Lakhs
44
Queries about the items noted during the process of Co-operative Audit is entered in
Answer
B. Audit Note Book
45
The Auditor of a Co-operative Society is appointed by
Answer
A. Registrar of Co-operative Audit
46
The errors of omission or commission in the journal or ledger can be identiļ¬ed by
Answer
B. Mechanical Audit
47
Serious defects requiring immediate attention and warranting quick action by the competent authority is reported by the Co-operative Auditor in
Answer
A. Part A of Summary of Defects
48
The audit cost means
Answer
C. Fee and allowances payable to Concurrent Auditors
49
An Audit Classiļ¬cation Statement is attached with
Answer
D. Audit Memorandum
50
Which among the following is not covered under Administrative Audit?
Answer
D. Overdues of the Society
51
A consumer-focused series of procedures to assess the health of a brand, uncover its sources of brand equity and suggest ways to improve and leverage its equity.
Answer
A. Brand audit
52
Which one is not the apt marketing strategy at the decline stage of a product?
Answer
B. Flanker strategy
53
The marketing that ensures multiple means of creating, delivering and communicating value are employed and combined in the best way
Answer
C. Integrated marketing
54
Where product life cycles are expected to be short, the eļ¬ective pricing will be
Answer
C. Skimming pricing
55
The apex cooperative marketing agency in India dealing in procurement, distribution, export and import of selected agricultural commodities.
Answer
B. NAFED
56
Match the following : I II a. Convenience goods i. Luxury car, designer clothing b. Shopping goods ii. Soaps, toothpastes c. Specialty goods iii. Smoke, detectors, ļ¬re extinguisher d. Unsought goods iv. Furniture, refrigerator
Answer
A. a-ii, b-iv, c-i, d-iii
57
The strategy of slowly eroding a rivals' market share through a series of unpredictable attacks on their weaker areas
Answer
C. Guerrilla
58
If a marketing manager introduces more variants of a particular product, his decision will eļ¬ect
Answer
B. Product depth
59
Which one is not true with 'marketing concept'? I. Unļ¬inching consumer orientation II. Integrated management action with marketing as fulcrum III. Oļ¬ering ideally designed and engineered products IV. Emphasis on generating consumer satisfaction
Answer
C. iii
60
Identify the circumstances under which price wars are more likely to occur i. When markets have marginal or negative growth prospects. ii. When neither supplier nor buyers are dominant in a market. iii. When there is little brand loyalty in evidence from customers. iv. When ļ¬rms introduce very similar products to one another.
Answer
B. All except ii
61
The change in total cost as result of a managerial decision to change the present level of operation
Answer
C. Diļ¬erential cost
62
Match the following : A B a. Unit costing i. Bakery b. Process costing ii. Brick kilns c. Job costing iii. Textiles d. Batch costing iv. Printing
Answer
B. a-ii, b-iii, c-iv, d-i
63
While considering the expansion of a factory, the future costs to be incurred like depreciation of new plant and machinery, additional power and fuel cost, etc. are
Answer
D. Relevant costs
64
Purchase requisition is prepared by
Answer
B. Stores manager
65
Materials issued are priced at the price of the latest purchase order submitted is under
Answer
C. NIFO method
66
Calculate the net proļ¬t at a sale of Rs. 1,00,000 if, Proļ¬t Volume ratio is 40% and margin of safety ratio is 60%.
Answer
A. Rs 24,000
67
Identify the statements which are true i. Ineļ¬ciency of workers leads to material usage variance. ii. JIT aims at zero inventory level. iii. There is built-in escalation clause in cost plus contract iv. An increase in ļ¬xed cost lead to a decrease in break-even point. v. ABC system uses activities instead of cost centers for accumulating costs.
Answer
B. i, ii, iii & v
68
5,000 units of a particular raw material are introduced in a process. 6% of the input is normal loss. Work in progress 100 units (70% complete). 4,600 units are transferred to the next process. The equivalent production for period is
Answer
B. 4,670 Units
69
In contract costing, work-in-progress consists of
Answer
D. B-Proļ¬t kept as reserve
70
Find Prime cost if, Factory cost Rs. 45,000, Factory overheads Rs. 15,000, Work in Progress (opening) Rs. 2,500 and work in progress (closing) Rs. 4,500.
Answer
B. Rs. 32,000
71
The three BASIC components of SCM are
Answer
D. Materials Flows, Information Flows, Financial Flows
72
''Information is replacing Inventory'' in the context of SCM means
Answer
C. Companies that are adept at managing information are less likely to carry costly inventory
73
In e-Procurement, RFP/RFQ facilitators classiļ¬ed under
Answer
B. First Generation Trading Exchanges
74
Which of the following is the correct sequence in the evolution of ERP?
Answer
A. MRP-ERP-CRP-XRP
75
XBRL is
Answer
B. Extensible Business Reporting Language
76
A Distributed Denial of Service (DDoS) is an example for
Answer
A. Cyber Vandalism
77
Section 3 of IT Act, 2000 deals with
Answer
B. Digital signature
78
Indian Computer Emergency Response Team is
Answer
A. The National Agency for Incident Response U/S 70B of IT Act, 2000
79
Expand ''CORE'' in Corebanking Systems
Answer
C. Centralised Online Realtime Exchange
80
Which of the following statements well describes Business Intelligence? 1. Business Intelligence is based on personalised information, is proactive and data driven. 2. Business intelligence means Knowledge Management using internet. 3. Business Intelligence means data analysis.
Answer
A. Statement 1 is more suitable to explain the concept of Business Intelligence
81
Which of the following statement/s is/are True? Statement 1 : Unit matrices and scalar matrices are special types of diagonal matrices. Statement 2 : A unit matrix is a scalar matrix but not vice versa.
Answer
C. Both statements are True
82
The matrix obtained from a given matrix A by replacing each of its elements by their corresponding complex conjugates is called
Answer
B. Conjugate of a Matrix
83
Which of the following property/ies is/are True with respect to Determinants? Property 1 : If all elements in a row (or column) are zero, then the value of the determinant is zero. Property 2 : If two rows (or columns) of a determinant are identical, then its value is zero
Answer
A. Both Statements are TRUE
84
If š - 4 ac is a perfect square, then the quadratic equation will have
Answer
B. Roots are real and rational but not equal
85
The process of ļ¬nding derivative of a function is called
Answer
C. Diļ¬erentiation
86
If the nominal rate of interest is compounded annually, then
Answer
B. Nominal Rate of Interest is equal to Eļ¬ective Rate of Interest
87
Percentiles are
Answer
C. Positional Averages
88
''The reciprocal of the arithmetic average of the reciprocals of the values of the variable'' is known as
Answer
B. Harmonic Mean
89
Coeļ¬cient of Variation is a relative measure of
Answer
D. Standard Deviation
90
In the equation showing relationship between correlation coeļ¬cient and regression coeļ¬cients ie r = Ā± ļ潚š¦š„ Ć šš„š¦ , r will be negative when
Answer
A. Both regression coeļ¬cients are negative
91
Among the following which is the correct sequence of investment process
Answer
A. Investment policy-Analysis-Valuation-Portfolio construction-Portfolio Evaluation
92
The method of computation of BSE Sensex is based on
Answer
B. Free-ļ¬oat Market Capitalisation Methodology
93
Nikkei 225 is the Stock Market Index of
Answer
B. Tokyo Stock Exchange
94
Among the following, who is NOT associated with CAPM Model Structuring
Answer
C. James Walter
95
The framing eļ¬ect and Prospects Theory was introduced by
Answer
A. Daniel Kahneman and Amos Tversky
96
Which of the following explains ''Payment Decoupling'' in association with mental accounting?
Answer
B. Pay more for goods when using credit cards than if they are paying with cash
97
A trader or investor who makes decisions regarding buy and sell trades in securities market without the support of professional advice or advanced fundamental or technical analysis.
Answer
C. Noise Trader
98
The mathematical model for the dynamics of a ļ¬nancial market containing derivative investment instruments
Answer
B. Black-Scholes Model
99
The tendency to take personal responsibility for positive outcomes and blame external factors for negative outcomes
Answer
B. Self-serving Bias
100
The concept of Mental Accounting was developed by
Answer
C. Richard Thaler
Discussion
Ask a doubt or share a tip.
No comments yet ā start the discussion.