| Post Name | JR COSTING ASSISTANT - KM AND ML |
|---|---|
| Department | TITANIUM DIOXIDE PIGMENT UNIT |
| Question Paper Code | 114/2015 |
| Date of Test | 17 June 2015 |
| Medium of Question | ENGLISH |
| Exam Type | OMR Examination |
| Total Questions | 100 |
1
‘Nails used in furniture manufacturing’ is an example of ———————.
Answer
B. Indirect material ee
—
2
Audit with respect to efficient utilization of resources is known as : ;
Answer
A. Cost audit
3
| Which of the following is not an example of item excluded from cost books? é-
Answer
D. Normal loss
4
The segment of activity of business responsible for both revenue and expense is called |
Answer
C. Profit centre
5
Goodwill is ——————.
Answer
D. Ability to earn super profit
6
Dilapidation is concerned with :
|
Answer
A. Leasehold asset
7
In preparing final accounts, goods invoiced at Rs.6,000 sent on sale or return for which
approval is not received is to be included in the stock at Rs. —--—————_ if the rate of gross
profit is 20% on cost. :
é
Answer
B. 5,000
.
8
Under self balancing system, debtors ledger adjustment account is opened in ——————
:
Answer
C. Nominal ledger
9
Financial derivatives are useful in :
Answer
D. All the above .
10
ASBA system protects the investors from : | |
Answer
B. Loss of interest
11
Load in mutual fund is connected with : .
Answer
A. Open ended scheme . |
12
NPV method is superior to IRR because :
Answer
D. All the above
13
Red-herring prospectus is associated with :
Answer
C. Book building
14
Kerb dealing is now not relevant because :
Answer
B. . Off-market deals |
15
The powers of CCI is merged with : | 2
Answer
C. SEBI
16
‘ 16. Close ended mutual funds are traded on the basis of :
Answer
A. Market value
17
Shares are traded between announcement date and record date at :
Answer
B. Cum-right price
18
Routine management of mutual finds including the designing of schemes is carried out by :
Answer
C. AMC
19
Which of the following is not a credit rating agency of Indian origin?
Answer
D. IBCA Ltd |
20
An indenture means : . | |
:
Answer
A. Debenture Trust Deed
21
Which of the following is the prominent consideration of investing in equity?
Answer
A. Capital gain
22
Income tax paid is treated in the final accounts of a sole trader as:
Answer
B. Drawings : |
-
23
Live stock in the case of mixed farming is : |
Answer
D. Current asset |
24
If the standard turnover is Rs.78,000, Actual turnover is Rs.18,000 and the rate of gross
profit on cost is 334% the claim for loss of profit will be Rs : |
Answer
C. 15,000
25
If opening stock is Rs.13,500, Purchases Rs.82,500, Sales Rs. 1,20,000, stock salvaged is |
Rs. 1,260 and the rate of gross profit on cost is 50%, the stock destroyed by fire will be Rs : oil
Answer
C. 14,740 7
26
Under debtors system branch account is a ————— account.
Answer
B. Nominal
27
Consignment account is
Answer
D. Revenue | |
A 5 114/2015
| [P.T.O.]
28
Salary outstanding account is a ——————— account. |
Answer
A. Representative personal
29
Insurance of factory building is ————— cost.
Answer
A. Period
30
Which of the following is a costing system? ;
.
Answer
D. Uniform costing
31
The cost of a group of identical products is ascertained under : |
Answer
C. Batchcosting |
32
The suitable method of pricing material issues at times of rising prices is :
|
Answer
B. LIFO 3
33
Inventory includes : es
Answer
D. All the above
34
Damage caused to goods in the course of manufacturing which cannot be rectified/deformed
valuably by imputing additional cost is called : . |
3
Answer
C. Wastage
35
Under ——-———— method of pricing material issues, the new price is determined after every
purchase.
Answer
A. Average cost
36
Ifsales during the first quarter is Rs.1,00,000, sales during the second quarter is Rs.1,30,000,
profit for the first quarter is Rs.30,000, profit during the second quarter is Rs.45,000 and
fixed cost is Rs.30,000, the Break Even sales is Rs:
Answer
B. 60,000
37
Which of the following is not a closing entry? 7 | |
Answer
D. Closing stock a/c Dr ;
38
To which of.the following accounts periodic totals are posted when the journal is wubdivided? |
Answer
A. Sales a/c -
39
In which of the following, accounting period is relevant : |
Answer
B. Mercantile system
40
Proprietor’s personal accounts are maintained on the basis of ———————— concept. | |
Answer
C. Business entity
41
Which of the following is not a hybrid instrument?
Answer
B. Bonds
42
_ 42. Ina statistical series, the C.V is 40% and the SD is 16, find arithmetic mean : |
Answer
C. 40
43
Which of the following is the most suitable one in averaging variables expressed in compound
units? |
Answer
A. Harmonic mean
44
Which of the following is a relative measure of dispersion? | 3
Answer
D. Coefficient of variation |
45
The reversal of debit and credit rules of real, personal and nominal accounts will hamper : |
Answer
C. Universal understandability
46
Which of the following is true in relation to determination of the rate of depreciation if, C = Cost of the asset, S = Scrap value, R = Rate of depreciation and n = number of years of working:
Answer
D. C(1 − R)ⁿ = S
47
—__—— is used to judge the main activity of a business concern. _
,
Answer
B. Operating profit
|
48
Insurance business in India is regulated and controlled by :
|
Answer
A. IRDA |
49
In the case of rectification after preparation of final statements, the increase/decrease in
| profit after rectification is passed through : ;
Answer
D. P/L adjustment a/c
50
Purchase of a machinery on credit is recorded in : .
Answer
C. Journal proper
51
Which of the following normally does not appear in the trial balance?
Answer
A. Trade discount |
52
Acontra balance in the debtors account will arise in the debtors account in the event of :
Answer
B. Advance paid by customers |
53
Which of the following is not a formula for margin of safety?
Answer
B. Profit / (V/C ratio)
54
Which of the following is not a part of inventory carrying cost? |
Answer
C. Carriage inwards _
55
The analysis and control of materials exercised with respect to the importance in the
production process is known as: |
Answer
D. VED = |
56
Under Walter’s model, a growth firm is identified when :
Answer
A. r>k
57
Acompany with high P/E Ratio is normally expected to: —
Answer
A. have low earnings potential
58
Which of the following is not an application of cost of capital? 3
Answer
D. Rate of return expected by the owners
59
Which of the following is a high risk portfolio? |
Answer
C. Aggressive |
60
Anew company which cannot go on public can resort to ——————— in raising capital.
Answer
B. Venture capital
or
61
The relation P,, x Ph, =1 should be satisfied in —-—-————- test of index numbers.
Answer
C. Time reversal
62
The correlation between attributes is calculated by using: : :
Answer
B. Spearman’s coefficient
|
63
Ifr,,= 0.8, o? =9 and b,, =1.2, find oa, : . ear | 7 ee
Answer
D. 4.5
64
The tendency exhibited by a time series for a long period of time is known as:
Answer
A. Trend : —
65
Which of the following may be considered as market maker? |
anne
Answer
B. Jobbers
66
Avalid documents are usually used in: | 7
|
Answer
D. Forfeiting
67
The irrelevance model of capital structure is put forward by : :
Answer
A. Modigliani and Miller
68
SEBI has got statutory powers in:
Answer
C. 1992
69
When the events are equally likely, ———————_ approach is used to determine probability.
Answer
D. Classical
114/2015 | 10 | | A
70
The effect of wealth maximization objective of financial management is ultimately reflected |
i:
Answer
A. Market value of shares
71
Which of the following is a credit card service provider of Indian origin? |
|
Answer
B. Rupe — | |
72
The credit worthiness of a borrower from bank in India is judged and informed by :
Answer
C. CIBIL
73
Which of the following ratios can be used to measure a firm’s ability of prompt payment of °
interest and repayment of capital with respect to debt? . ak age
Answer
A. DSCR
74
Financial leverage shows the effect of changes in ———————- on —————_.
Answer
C. EBIT on EPS |
75
While relating Abraham Maslow’s Need Hierarchy Theory and Frederick Herzberg’s Hygiene
theories of motivation, which needs of Hierarchy Theory will fall under the hygiene factors?
Answer
C. Physiological and safety needs
76
The world renowned management theorist and speaker who passed away in 2005 and wrote |
the book “The end of Economic Man” : |
Answer
B. Peter F. Drucker .
77
Mr. X maintains books of accounts on the calendar year basis, details are as follows :
Accounting year Income as per books of accounts (Rs) Quarter wise break up of income
January -March April-December
(Rs) | (Rs)
2012 60,000 18,000 42,000
2013 70,000 26,000 44,000
2014 90,000 21,000 69,000 .
How much is the taxable income of Mr. X for the assessment years 2013-14 and 2014-15
Answer
B. Rs. 68,000 and Rs. 65,000 |
78
The system of employee or manager evaluation by everyone above, alongside and below him
in the hierarchy is known as : :
ee
Answer
A. 360 degree evaluation
79
If any assessee receives extra money on account of devaluation of currency, it is ———————
income.
Answer
D. Taxable
80
A strategic model for measuring the effectiveness of different stages of advertisement on
consumer's awareness comprehension, conviction and action is known as: |
Answer
C. DAGMAR
81
Which article in Indian constitution prohibits “ Child Labour ” : |
Answer
B. Article 24 |
82
The CAG of India is appointed by :
Answer
A. _ The president -
83
The right to information Act was passed by the parliament on :
Answer
B. 15 June 2005
|
84
Name the viceroy who appointed the “ Raliegh Education Commission” :
Answer
D. Lord Curson .
85
“Sadhu Jana Paripalana Sangham” was founded by:
Answer
D. Ayyankali }
86
“Channar Lahala is popularly ” known as:
Answer
C. Melmundu Samaram
87
The movement that led to the formation of the first public service commission in the state of
Travancore was:
Answer
B. Nivarthana Agitation
88
‘Vivekodayam’ Magazine was published in the year :
Answer
B. 1904 .
;
89
“ Lakhu bhaskariyam ” is related to: ;
Answer
B. Astronomy ~
90
Which is the biggest literary Award in Malayalam? ;
Answer
A. Vallathol Award .
91
In which place Chattampi Swamikal attained “Samadhi” :
|
Answer
B. Panmana
92
In which district our spiritual leader and social reformer Sree Narayan Guru was born: |
Answer
B. Thiruvananthapuram
,
93
Father of the king Marthanda Varma was: . |
Answer
C. Kilimanoor Koyithamburan
94
Who is popularly known as “ Bharatha Kesari” ?
Answer
C. Mannathu Padmanabhan ~
95
“Bala Ramayanam ” was written by : : |
Answer
A. Kumaranasan
96
Who is popularly known as “Kelara Kalidasan”?
Answer
D. Kerala Varma Vahija Koilthamburan ;
97
The river which flows through “Silent Valley” is :
|
Answer
B. Kunthipuzha
98
The first Hydro electric project in Kerala was : rs
Answer
A. Pallivasal
99
Whose birthday is celebrating as “ National Educational day ” in India?
Answer
C. Moulana Abdul Kalam
100
Who wrote “ A System of National Education’?
Answer
B. Aravind Ghosh
:
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