| Post Name | SUPERINTENDENT-FINANCE - KERALA AGRO MACHINERY CORPORATION LTD |
|---|---|
| Question Paper Code | 028/2017/OL |
| Category Code | 367/2015 |
| Date of Test | 10 April 2017 |
| Medium of Question | ENGLISH |
| Exam Type | Online Examination |
| Total Questions | 100 |
1
Newly elected Secretary General of UNO ?
Answer
A. Antonio Guteress
2
Who won Man Booker Prize 2016 ?
Answer
A. Paul Beatty
3
Who is the first woman who climbed Mount Everest ?
Answer
D. Junko Tabei
4
The Preamble of our Constitution makes no mention of
Answer
D. Adult Franchise
5
First Principal of CMS College, Kottayam ?
Answer
B. Benjamin Bailey
6
First Diwan of Travancore
Answer
B. Raja Kesava Das
7
First Trade Union formed in Kerala
Answer
C. Thiruvithamkoor Labour Association
8
First autobiography in Malayalam was written by
Answer
B. Vaikom Pachu Moothathu
9
Author of Malabar Manual
Answer
D. William Logan
10
The peculiar dance form of Kerala
Answer
C. Mohiniyattam
11
The poetic work written by Kumaran Asan on the basis of the book The Gospel of Buddha
Answer
C. Karuna
12
Author of Jatikkummi ?
Answer
A. Pandit K. P. Karuppan
13
Which palace is known as Mural Pagoda ?
Answer
D. Padmanabhapuram
14
The magazine started by Namboothiri Yuvajana Sangham in 1920
Answer
C. Unni Namboothiri
15
The brain behind Ezhava Memorial
Answer
D. Dr. Palpu
16
Samatwa Samajam was founded by
Answer
B. Vaikunta Swamikal
17
Sree Narayana Sevika Samajam, Aluva, was founded by
Answer
A. Parvathi Ayyappan
18
First Printing Press was established in which District ?
Answer
C. Kottayam
19
Herman Gundert belonged to which missionary movement ?
Answer
B. Basel Mission
20
Who was the author of the poem 'Ente Gurunathan' about Gandhiji ?
Answer
A. Vallathol
21
Which of the following statement is not correct in relation to reduction of share capital ?
Answer
D. None of the above
22
Which of the following statement is not correct in relation to redemption of preference shares ?
Answer
B. Capital redemption reserve cannot be used for issuing bonus shares
23
Which one of the following transactions will affect the flow of fund (Fund flow statement) ?
Answer
C. Machinery sold to a creditor to settle his account
24
Which among the following profit is taken to calculate the Earnings per share ?
Answer
A. Earnings after paying interest, tax and dividend to preference shareholders
25
Which of the following method is not used for the computation of Purchase consideration ?
Answer
D. None of the above
26
What is the value of stock if Current ratio is 2.5, Liquid ratio is 1.5 and Working capital is Rs. 30,000 ?
Answer
B. 20,000
27
Which of the following is available for redemption of preference shares ?
Answer
C. Workmen's Compensation Fund
28
Which of the following cannot be used for issuing bonus shares ?
Answer
C. Capital reserve arising due to revaluation of assets
29
Rate of underwriting commission should not exceed
Answer
B. 5% of the issue price of shares
30
Open underwriting is an agreement for underwriting
Answer
C. Shares or debentures not subscribed by the public
31
Which of the following is not an intangible asset ?
Answer
D. None of the above
32
Which of the following is not classified as 'Inventories' ?
Answer
D. None of the above
33
Which of the following can be ignored for paying dividend out of revenue profit ?
Answer
D. None of the above
34
Which of the following is an objective of Internal Reconstruction ?
Answer
B. For eliminating fictitious assets
35
Which of the following is not correct for debenture issue ?
Answer
B. Debentures can be issued in lieu of dividend
36
Which of the following is not miscellaneous expenditure ?
Answer
Question Cancelled
37
Which of the following will affect the trial balance ?
Answer
D. None of the above
38
Payout ratio indicates as to
Answer
C. What proportion of earnings per share has been used for paying dividend ?
39
Determination of the amount of provision for doubtful debts in accounting is
Answer
B. Estimate
40
Change in method of depreciation is a change in
Answer
A. Accounting Policy
41
______ method is most suitable in times of decreasing the price of raw materials in the market.
Answer
A. FIFO
42
Which among the following results in the over absorption of overheads ?
Answer
C. Standard overhead recovery rate fixed is more than the actual
43
Breakeven point will not be changed if
Answer
B. Sales volume is decreased
44
Margin of safety is increased when
Answer
B. Fixed cost is decreased
45
Calculate Fixed cost if P/V ratio is 40% and Margin of Safety is Rs. 30,000, which is 15% of sales
Answer
A. Rs. 68,000
46
Which among the following is correct ?
Answer
A. Fixed Overhead Volume Variance = Capacity Variance + Calendar Variance + Efficiency Variance
47
Which among the following is not a costing technique ?
Answer
A. Process Costing
48
Which of the following is not treated as selling and distribution overhead in cost accounts ?
Answer
B. Cash discount
49
Materials requisition denotes
Answer
A. An authorisation to store keeper to issue materials
50
Which of the following is included in Cost accounts ?
Answer
Question Cancelled
51
Which of the following item is not added/subtracted to/from purchase price to arrive at the material cost price in cost accounting ?
Answer
C. Cash discount allowed by the suppliers
52
Which of the following is not a method of pricing of material issue ?
Answer
D. None of the above
53
Time booking means
Answer
B. Recording actual time taken by worker on various jobs
54
Rowan Plan is an example of
Answer
C. Incentive scheme
55
Over-absorbed or under-absorbed overheads may be disposed off by
Answer
D. All the above
56
Prime cost plus variable overheads is known as
Answer
C. Marginal cost
57
In process costing, __________ will not affect the cost of inventory.
Answer
B. Abnormal loss
58
In sugar industry, molasses is
Answer
B. Bye-product
59
Which of the following entry is applicable in relation to abnormal gain in process account ?
Answer
Question Cancelled
60
Which of the following is added to costing profit to arrive at financial profit ?
Answer
C. Rent received
61
Which of the following is not a long term financial decision ?
Answer
C. Liquidity decision
62
Contingent investments mean
Answer
A. Choice of one investment necessitates undertaking one or more other investment (s)
63
Which of the following is not applicable to Mutually Exclusive Investments ?
Answer
D. None of the above
64
Which of the following is not correct in the case of NPV Method ?
Answer
B. Expected net profit in the whole life of the asset is taken into account for discounting
65
Which of the following method does not consider the time value of money ?
Answer
B. ARR Method
66
Which of the following statement is not correct ?
Answer
B. NPV will be negative if discount rate is lower than IRR
67
When Profitability Index (PI) is zero,
Answer
A. Value of discounted future cash inflows and outflows are same
68
Which method is most suitable to a firm if the demand of its product is based on latest technology ?
Answer
A. Payback Period Method
69
Just-In-Time (JIT) Management is a model used for the management of
Answer
A. Inventory
70
Which of the following statement is wrong in relation to Miller-Orr-Model ?
Answer
B. It assumes the uniform pattern of cash inflows and outflows
71
Which of the following statement is correct in relation to Baumol's Model ?
Answer
D. All the above
72
Which among the following is a remedy for under capitalisation ?
Answer
D. None of the above
73
Which among the following is a reason for over capitalisation ?
Answer
A. Under-estimation of future earnings
74
Float management is related to
Answer
A. Cash
75
Lock box system is used to
Answer
A. Reduce the chances of delay and fraud in collection process of cash/cheque
76
Reverse split means
Answer
C. Increasing the face value of shares by consolidating the denomination of existing shares
77
Which of the following theories says that the value of a firm does not change due to change in dividend paid ?
Answer
C. Modigliani and Miller
78
Bird-in-the-hand theory is related to
Answer
C. Dividend
79
Stable dividend policy means
Answer
D. All the above
80
Scrip dividend means
Answer
C. Issue of transferable promissory note to pay shareholders at a later date
81
Teaming and lading denotes
Answer
D. All the above
82
Audit conducted between two Periodical or Balance Sheet audit is known as
Answer
A. Interim audit
83
Audit note book is maintained by
Answer
C. Audit clerk
84
Who is the owner of Audit working paper ?
Answer
A. Auditor
85
Which of the following does not affect the independence of an auditor ?
Answer
C. Materiality
86
Auditing planning need not cover
Answer
C. Determining the amount of expense to be incurred
87
The technique used to evaluate the internal control system in the organisation
Answer
Question Cancelled
88
Audit documentation does not include
Answer
C. Engagement letter
89
The principle for verification of intangible assets are
Answer
B. Records and registers, Ownership, Valuation, Internal control
90
In which of the following situation the auditor will qualify his report ?
Answer
D. All the above
91
The best audit report is
Answer
D. Unmodified report with unqualified opinion
92
Goodwill is
Answer
B. Intangible, but may not be fictitious asset
93
Which of the following is not a Deferred Revenue Expenditure ?
Answer
D. None of the above
94
Which among the following is not a Contingent liability ?
Answer
D. None of the above
95
Wasting assets are those assets which are
Answer
C. Exhausted in the process of working
96
Which of the following matter requiring qualification in audit report ?
Answer
D. All the above
97
Which of the following profit can be used for the payment of dividend ?
Answer
A. Profit on sale of fixed assets
98
In which of the following area where different accounting policies can be adopted ?
Answer
D. All the above
99
Which of the following statement is not correct ?
Answer
A. Internal auditor is appointed by the shareholders of the company
100
Teaming and lading means
Answer
A. Bookkeeping fraud related to cash
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