| Post Name | Junior Manager (Accounts) |
|---|---|
| Department | Kerala State Civil Supplies Corporation Ltd Category No : 127/2021 |
| Question Paper Code | 085/2022/OL |
| Category Code | 127/2021 |
| Date of Test | 12 October 2022 |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
What is the ļ¬rst International Indian Newspaper ?
Answer
A. Madhyaman Daily
2
Shamil is connected with
Answer
B. 1857 Revolt
3
'Doha' is connected with
Answer
D. Kabeer
4
Paliyam Sathayagraha is connected with
Answer
Question Cancelled
5
Who was the INC (Indian National Congress) leader and was the M.P. of British Parliament ?
Answer
Question Cancelled
6
Who is the author of 'Roth Samadhi' ?
Answer
A. Geethanjali Sri
7
In which Day we celebrate National Sports Day ?
Answer
B. August 29
8
Who won 22 Grand Slum in French open ?
Answer
C. Rafel Nadal
9
Which city is known as 'Cottonpolis of India' ?
Answer
D. Mumbai
10
Which layer of the atmosphere is known as 'Kennely-Heaviside' layer ?
Answer
B. E layer
11
Amarnath temple, Charar-e-Sharif and Vaishnavo Devi temple are some of the famous pilgrimages situated in which Himalayas ?
Answer
A. Kashmir Himalayas
12
Name the most suitable cartographic method for representation of density of population ?
Answer
C. Choropleth
13
Which of the following is an indirect tax ?
Answer
A. Entertainment Tax
14
The new technology which was tried in 1960-61 as a pilot project in seven districts in the ļ¬eld of agriculture ?
Answer
B. Intensive Agricultural District Programme
15
An apex body to co-ordinate the activities of all institutions involved in the rural ļ¬nancing system ?
Answer
C. NABARD
16
Which of the following statement is/are correct about Indian Planning ? i. India adopted the Soviet Model Five Year Plans. ii. Second Five Year Plan was based on the ideas of Mahalanobis. iii. Planning Commission was set up with the Prime Minister as its Chairperson.
Answer
B. All of the above (i, ii, and iii)
17
The Constitution of India describes India as a
Answer
B. Union of States
18
Under which Article Governor promulgate ordinance ?
Answer
C. 213
19
Which part of the Constitution deals with the election ?
Answer
A. XV
20
Right to property was dropped from the list of Fundamental Rights by the ļæ½ļæ½
Answer
D. 44 Amendment
21
Kerala State planning board Vice Chairman is
Answer
B. V. K. Ramachandran
22
When was Govt. of Kerala started Akshaya E-literacy programme ?
Answer
C. 2002
23
Who is Lok Ayukta of Kerala ?
Answer
A. Justice : Cyriac Joseph
24
As per Juvenile Justice Act 2015 who is a child
Answer
C. Child is a person below 18 years of age
25
Which of the following statements are correct about Joint diastole ? i. Bicuspid and tricuspid values are closed. ii. Bicuspid and tricuspid valves are open. iii. Semilunar valves are closed.
Answer
B. Only ii and iii
26
Haemozoin is a toxic substance formed in the case of which of the following disease ?
Answer
D. Malaria
27
In the following diseases which disease is caused by the deļ¬ciency of Vitamin K ?
Answer
C. Hypoprothrombinemia
28
Which is the comprehensive newborn screening program implemented by the Government of Kerala ?
Answer
A. Salabham
29
Which one of the following is not a unit of length ?
Answer
B. Radian
30
Which one of the following is used in LASIK eye surgery ?
Answer
C. UV ray
31
The radius of curvaure of a concave mirror is 30 cm. It's focal length is
Answer
A. 15 cm
32
The period of a geostationary satellite is
Answer
B. 24 hrs.
33
Which one of the following is isoelectronic with šš + ? 2
Answer
D. šš +
34
Equal mass of three nonreacting gases, He, š2 and šš2 are taken in a closed container. The ratio of partial pressures of He, š2 and šš2 ļæ½P_(He):PO_(2):PSO_(2)ļ潚¤šš Ģ² šš
Answer
C. 16 : 2 : 1
35
Which of the following has maximum number of molecules ?
Answer
A. 32 g of š2
36
pH of 10 ā M solution of NaOH is
Answer
B. 11
37
Which of the following is not a secondary storage ?
Answer
C. Random Access Memory
38
An Operating System belongs to which type of software ?
Answer
B. System Software
39
The network device used to join dissimilar networks is
Answer
D. Gateway
40
Which of the following is used to enclose html tags ?
Answer
A. <>
41
A Ltd. issues Rs. 50,000, 10% perpetual debentures at a premium of 10%. The tax rate applicable to the company is 50%. The cost of perpetual debentures is
Answer
C. 4.55%
42
Which of the following is not an assumption of Miller and Modigliani approach ?
Answer
B. There is no corporate tax though there are personal income tax
43
Which proļ¬t is considered for calculating Average Rate of Return ?
Answer
A. Average proļ¬t after tax and depreciation
44
Which of the following is not a principle of working capital management policy ?
Answer
B. Principle of optimal capital
45
According to which theory, change in capital structure does not aļ¬ect the market value of a ļ¬rm
Answer
B. Net Operating Income Approach
46
According to ABC classiļ¬cation 'C' indicates
Answer
A. High in quantity and low in value
47
The eļ¬ect of refusal to accept a properly made oļ¬er of performance is that
Answer
A. The promisor is not responsible for non-performance and can sue the promisee for the breach of contract
48
Which of the following considered as 'Salary or Wages' as per The Payment of Bonus Act, 1965 ?
Answer
B. Dearness Allowance
49
When an Instrument shall be ambiguous ?
Answer
D. In all these cases
50
The principle that so far as the companys internal working is concerned, strangers dealing with the company are entitled to assume that everything has been regularly done has been laid down in the
Answer
C. Doctrine of indoor management
51
Which of the following is correct ? Performance of a contract can demanded by : i. The promise. ii. The agent of the promise. iii. Legal representatives of the promise. iv. Third party.
Answer
Question Cancelled
52
The Payment of Gratuity (Central) Rules, 1972 come into force on ļæ½ā
Answer
A. 16 September 1972 ļæ½ā
53
Which method of costing is applicable to a 'Nursing home' ?
Answer
C. Operating costing
54
Inļ¬ated price method of valuing material issues is suitable when
Answer
A. Materials are subject to natural wastage
55
How much will be the total earnings of the worker under the Halsey Plan of wage payment system ? Rate per hour : Rs. 1.5 Time allowed for job : 20 hours Time taken : 15 hours.
Answer
B. 26.25
56
The cost of ________ process loss is absorbed in the cost of production of good units.
Answer
A. Normal
57
Contribution is the diļ¬erence between
Answer
B. Sales and variable cost
58
Purchase budget is mainly dependent on
Answer
D. Production budget and material requirement budget
59
State whether the following statement are true or false. I. Income deemed to accrue or arise in India is taxable for all irrespective of their residential status. II. Income received and accrued or arisen outside India from a business controlled from India is taxable for all irrespective of their residential status.
Answer
B. I is true and II is false
60
Which of the following is/are not a taxable income ? I. Interest received by a Non-Resident Indian. II. Any income received or deemed to be received in India by a Non-Resident Indian. III. Interest income of an Indian Citizen who is Non-Resident. IV. Interest income received by a Non-Resident on such securities or bonds as the Central Govt. may specify.
Answer
D. Only I, III and IV
61
Which of the following is taxable under the head income from other sources, in case of lumpsum received from URPF at the time of retirement ?
Answer
C. Interest on Employee's own contribution
62
Which of the following statements hold true ? I. Expected rent of any house property is the Municipal Value of Fair Rental Value whichever is lower. II. Expected rent shall be the Standard rent where Standard rent is higher than Municipal Value or Fair Rental Value. III. Expected rent shall be the Standard rent where Municipal Value or Fair Rental Value is higher than the Standard rent.
Answer
D. Only III
63
Which of the following expenses are expressly allowed while calculating business proļ¬ts under Income Tax Act ? I. Sums paid for Social or Statistical Research. II. Acquisition of land for the purpose of carrying out Scientiļ¬c Research. III. Expenditure on advertisement in any souvenir published by a political party. IV. Capital expenditure to obtain license to operate Telecommunication Services.
Answer
A. Only I and IV
64
Donations made under which of the following is/are not eligible for 100% deduction without any limit u/s 80G ? I. Prime Minister's National Relief Fund II. Prime Minister's Armenia Earthquake Relief Fund III. Prime Minister's Drought Relief Fund IV. Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund
Answer
C. Only III
65
Which of the following taxes were subsumed in GST ? I. Basic Customs duty II. State Excise duty III. Export duty IV. Central Sales Tax
Answer
C. Only IV
66
The GST Council members include I. Union Finance Minister II. Prime Minister III. Minister in charge of Finance or taxation from States IV. Chief Ministers from States
Answer
A. Only I and III
67
Credit notes are issued when
Answer
B. The taxable value shown in the invoice exceeds the taxable value of supply
68
Which of the following is not subject to GST ?
Answer
D. Mr. X transfers 10,000 debentures of ABC Ltd. to Mr. Y for Rs. 5,00,000
69
Which of the following statement is/are false ? I. The taxable event in the case of GST is the supply of goods or services or both. II. In the case of mixed supply, the tax liability is the rate applicable to principal supply. III. Legally recognized persons in business are not related persons. IV. The import of services for a consideration or not in the course of business is 'supply'.
Answer
C. Both II and III
70
Which of the following states do not come under the Special Category States as per CGST (Amendment) Act, 2018 ? I. Manipur and Mizoram II. Nagaland and Tripura III. Assam and Himachal Pradesh
Answer
A. Only III
71
P, Q and R are partners sharing proļ¬ts in the ratio of 4:3:2. Q retires from the ļ¬rm. What is Gaining Ratio between P and R ?
Answer
D. 4:2
72
Which of the following is NOT correct about the Capital Redemption Reserve (CRR) ?
Answer
C. CRR is created at the time of redemption of Debenture
73
Which of the following is NOT an instance of Reconstitution of Partnership ?
Answer
B. Dissolution of a Firm
74
A Trader keeps his accounts under the Single Entry System. His Closing Capital is 50,000, Opening Capital is 40,000, Drawings during the year is 20,000. Proļ¬t for the year is
Answer
A. 30,000
75
Database-oriented application software used for computerised accounting has four essential requirements. The correct one is
Answer
B. Front-end Interface, Back-end Database, Data Processing and Reporting System
76
A trader keeping his books under single entry gives the following Opening Debtors : 20,000, Closing Debtors : 30,000, Credit Sales : 1,00,000. What is the amount of cash received from Debtors ?
Answer
A. 90,000
77
Which one is correct with respect to the functions of NFRA ? 1. National regulator for accounting and auditing profession. 2. Recommends to the Government accounting and auditing standards. 3. Monitor and enforce accounting and auditing standards. 4. Quality assurance in the accounting and auditing profession.
Answer
B. Statement 1, 2, 3 and 4 are correct
78
The process of work routine in a company, wherein the work of one staļ¬'s automatically checked by another staļ¬ is speciļ¬cally called as
Answer
C. Internal Check
79
Which is true about the elements of Internal Control System ? 1. Accounting Controls such as Internal Check, Internal Audit, Budgetary Control, Standard Costing etc. 2. Administrative Controls such as Quality Controls, Performance Appraisal, Time and Motion Studies etc. 3. Environment Controls such as Social Control, Market Control, Customer Control, Economy Control etc.
Answer
D. Statements 1 and 2 alone are true
80
Which of the following is correct in respect of Statutory Auditor of a company ? 1. The ļ¬rst auditor is appointed by the Board of Directors within 30 days of the registration of company. 2. Subsequent auditors are appointed by the shareholders in their Annual General Meeting. 3. Statutory auditor reports to the Shareholders of the company. 4. Only the Board of Directors can remove the statutory auditor.
Answer
C. Statement 1, 2 and 3 alone are correct
81
Which one is not an instance of a Qualiļ¬ed Audit Report ?
Answer
A. Information in the ļ¬nancial statement exhibit a true and fair view
82
Which one is not related to Test Checking by the Auditor ?
Answer
D. It involves checking the castings and postings of all common books including the Cash Book
83
Which of the following is NOT a correct justiļ¬cation for earning proļ¬ts by a business concern ?
Answer
C. Earning proļ¬ts is a statutory requirement for the business
84
Which of the following is true about the Social Responsibility of Business towards its employees ? 1. Providing safe and secure working environment. 2. Providing fair remuneration and incentives. 3. Complying with the labour laws and regulations concerning the service matters of employees.
Answer
D. Statements 1, 2 and 3 are true
85
Which one is NOT related to the Corporate Social Responsibility as per the provisions of Companies Act ?
Answer
A. All Companies coming under the CSR requirements should donate 5% of annual proļ¬ts to the political parties
86
Find the ODD one with regard to the Corporate Governance.
Answer
B. Mandatory adoption of IFRS
87
Which of the following in NOT a reason for the existence of Social Responsibility of Business ?
Answer
D. Business as a commercial entity shall aim to maximise proļ¬t
88
Which of the following is NOT a theory of Corporate Governance ?
Answer
A. Modigliani and Miller Theory
89
The business process involved in recording and processing accounting events of a company are enlisted below. Identify the correct sequence in the accounting process ļ¬ow. I. Source Document II. Journal and Ledger III. Financial Statement IV. Trail Balance V. Closing Entries VI. Adjustment Entries
Answer
D. I-II-IV-VI-V-III
90
The diļ¬erent levels of Business processes comprises Goals, Business Strategy, Operational Business Processes, Organizational Business Processes and Implemented Business Processes. Which of the following is the basis of developing Organizational Business Processes ?
Answer
A. Goals
91
Which of the following is the incorrect statement with respect to Business Information Systems ? I. The information systems serves as interface of people, process and technology. II. Information Technology is a broader term than Information System. III. Information represents organisations tangible and intangible resources and all transactions related to resources.
Answer
C. II Only
92
Match the following concepts related to types of information systems and its functions. I. Knowledge level systems a. Track current progress as per plans II. Operational level systems b. Assist long range planning III. Management level systems c. Ensure follow up of Business procedures IV. Strategic level systems d. Control ļ¬ow of paper work
Answer
B. I II III IV d c a b
93
The interrelationship between SCM, ERP and CRM can be best represented as I. ERP is to improve and streamline internal business processes, CRM attempts to enhance the relationship with customers and SCM aims to facilitate the collaboration between the organizations, its suppliers, the manufacturers, the distributors and the partners. II. SCM helps to improve and streamline internal business processes, CRM attempts to enhance the relationship with customers and ERP aims to facilitate the collaboration between the organization, its suppliers, the manufacturers, the distributors and the partners. III. ERP includes both CRM and SCM besides modules that address the needs of accounting, marketing and sales, inventory management and more.
Answer
D. I and III only
94
Match the following concepts related to types of information systems and its functions. I. ERP Software a. File Sharing System II. Management Support Software b. e payment of taxes III. Oļ¬ce Management Software c Economy, Eļ¬ciency and Eļ¬ectiveness of Business Operations IV. Compliance Applications d. DSS/MIS
Answer
C. I II III IV c d a b
95
Which one of the following is not a feature attributed to informal communication ?
Answer
C. Passes Serious Information
96
Which of the combination of features best describe the nonverbal communication ?
Answer
A. Less structured, Spontaneous, Reliable and Central to interpersonal relations
97
Which of the following statements are correct with respect to critical thinking process ? I. Critical thinking must ļ¬rst engage in highly active listening. II. Critical thinking enables people to assess information accumulated qualitatively and quantitatively accumulated. III. Critical thinking involves observation, interpretation, analysis, inference, evaluation and explanation. IV. Using language clearly, eļ¬ciency and eļ¬ectively demands critical thinking.
Answer
C. I, II, III and IV
98
Which among the following is a social competence associated with Emotional Intelligence ?
Answer
D. Empathy
99
The formal communications issued by ministries and government departments to inform important government decisions or announcements as international treaties, government policies etc. is called
Answer
D. Press communiques
100
As per the Listing Agreement, Companies listed in Stock exchange are to comply with certain disclosure standards. Which of the following is correct as to disclosure requirements ? I. Date of closure of books shall be informed 21 days in advance if shares are in demat form. II. At least 7 days prior intimation about meeting is to be given before considering dividend declaration. III. Declaration of dividend must be done at least 7 days before commencement of closure of books. IV. Major events like strike, lock out, power cuts shall be informed promptly to stock exchange. V. Advertisement of proposed board meeting is not necessary.
Answer
B. II, IV and V Only
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