Previous Exams

Accountant/Jr.Accountant/Accounts Asst etc. Companies/Corporations/Boards -2016

 

Time Remaining :
1. Zero Based Budgeting is related to whom of the following?
Philip Kotler
Ronald Reagan
Jimmy Carter
Gerald Ford
2. In costing,the sum of direct material direct labour and direct over heads are known as:
Basic cost
Cost of Product
Factory Cost
Prime cost
3. Cost of abnormal idle time is:
Credited to Costing P & L Account
Debited to Costing P & L Account
Credited to Production Account
Debited to Production Account
4. Which one of the following is an uncontrollable cause of material price variance?
Change in market price
Inefficient buying
Emergence purchase
Loss of discount
5. Two or more products,with same importance,produced during a production process is known as:
Double Product
Joint Product
Two Product process
By Product
6. FIFO method is best suited when:
Prices are Falling
Prices are Fluctuating
Prices are Rising
Prices are almost Stable
7. In costing ______ analysis is used primarily for control of spare parts.
ABC
Need
VED
Cost
8. ’Which of the following is true with regards to ‘Bin Card’?
It records value only
It records value and quantity
It records quantity only
None of the above is true
9. Average Stock Level is calculated with which of the following formula:
Minimum Stock +1/2 Reorder quantity
Minimum Stock+1/4 Reorder quantity
Minimum Stock+Reorder quantity
Minimum Stock+(Reorder quantity xReorder Time)
10. What is ‘EOQ’if:Consumption per Year is 600 Units,Carrying Cost is 20%,Ordering Cost is Rs.12.00 per order and Price/Unit is Rs.20?
650 Units
750 Units
600 Units
700 Units
11. Which of the following is/are true with regards to’escalation clause’?
It is associated with contract costing
Applicable when there is a change in the price of Labour and/or Material
Not applicable when there is a Change in the utilization production factors
Both A and B above
12. Special Drawing Right(SDR)is related to which of the following institution?
IBRD
WTO
IMF
GATT
13. In which year the LIC was formed?
1962
1956
1964
1979
14. Which of the following institutions regulate Indian Money Market in India?
RBI
IRDA
SEBI
NABARD
15. Which of the following institution was formed in India with the help of World Bank?
IDBI
IFBI
ICICI
DFHI
16. Name the first mutual fund scheme offered in India:
HSBC Equity 5
UTI MF Scheme-1
SBI Magnum Equity
Unit Scheme-64
17. All,except one,given below be group.longs to a group.Find out one which does not belong to the group
International Monetary Fund
The International Development Association
The Multilateral Investment Guarantee Agency
The International Finance Corporation
18. RBI was established in which year?
1938
1935
1948
1945
19. Of the following,which was the first Development Financial Institution started in India?
IDBI
NABARD
LIC-HFL
IFCI
20. Which of the following insurance company has reinsurance business?
LIC of India
Oriental Insurance Company Ltd
GIC of India
United India Insurance Company Ltd
21. What is the meaning of the Latin word’audire’?
To hear
To find
To check
To note
22. Audit note book is maintained by whom?
Client’s clerk
Auditor
Client
Audit clerk
23. Which of the following statement is most suitable to an ‘audit report’?
It is a fault finding report of audit
It is a report of errors and frauds
It is an opinion of the Auditor
It is always a statutory report
24. As per Indian Companies Act 2013,Section 139,an individual auditor,on appointment shall hold the office for a term of:
10 years
1 year
4 years
5 years
25. On completion of an audit,Audit Working Papers are:
Returned to the Client
Retained by the Auditor
Submitted along with audit report
Destroyed immediately
26. Which of the following statement is wrong with regards to an internal auditor?
Has Statutory Powers
Appointed by the Management
Is an adviser to Management
Can be removed at any time
27. Not recording a transaction in the books of account is treated as an error of:
Duplication
Omission
Compensating
Commission
28. As per Companies Act 2013,remuneration of the first auditor of a company is fixed by whom of the following?
Registrar of companies
First general body meeting
As per rates shown in Act schedule
Board of Directors
29. Who appoint auditor in the case of a Government company or any other company owned or controlled ,directly or indirectly,by the Government as per Companies Act 2013?
Board of Directors
Respective Government
CAG of India
Regsitrar of Companies
30. Which of the following statement is wrong with regards to internal Check?
It a part of internal control
it is done by appointed auditor
It is continuous in nature
It is to eliminate errors and frauds
31. Following are the names of table of random numbers except:
Tippett’s table of random numbers
Kendall & Babington Smith numbers
Luca’s table of random numbers
Fisher and Yate’s numbers
32. Value of Probability lies between:
-1 and +1
0 and 1
0 and 1,but cannot be 1 or 0
None of the above
33. Two unbiased coins are tossed .What is the probability of getting at least one tail?
3/4
1/2
1/4
None of the above
34. Which of the following gis the correct expression of regression equation of Y on X?
YC=a-bX
YC=a-bX
YC=a+b+X
YC=a+bX
35. The value of ‘No correlation’is:
-1
0/
+1
Cannot be defined
36. Which of the following is not a property of ‘Normal Distribution’?
Coefficient of skewness is one
It is bell shaped
It is continuous curve
Mean,median and mode are equal
37. Which of the following is not a random sampling method?
Stratified sampling
Systematic sampling
Cluster sampling
Judgement sampling
38. Theory of sampling is based on:
Principle of ‘Statistical Regularity’
Principle of ‘Inertia of Large Numbers’
Both A and B above
None of the above
39. In which year the Indian Contract act was passed?
1872
1892
1912
1905
40. Which of the following is not a negotiable instrument?
Treasury Bill
Share Certificate
Share warrants
Rearer Debenture
41. Bank Draft is a:
Bill of exchange drawn by a Bank
Negotiable instrument
Not a negotiable instrument
Type of promissory note
42. Grace period for calculating maturity of a Bill of Exchange as per Act is:
3 days
4 days
5 days
10 days
43. Which of the following Indorsement is not valid under Negotiable Instruments Act 1881?
Blank Indorsement
Full Indorsement
Partial Indorsement
Restrictive Indorsement
44. The ‘Doctrine of Reputed Ownership’is related to which of the following?
Contract of Sale of Goods Act
Insolvency Acts
Workmen Compensation Act
Indian Contract Act
45. Of the following ,which is the formal certificate of dishonor issued by a Notary Public,to the holder of a Bill or Note on his demand?
Noting
Dishonour Certificate
Protest
Discharge Certificate
46. All crossings (drawing two parallel transverse lines,usually on the left hand top corner)on a cheque wih following words between parallel lines are treated as general crossing,except:
And Company
Not Negotiable
& Co.
The State Bank
47. Which of the following is true with regards to a balance sheet?
It shows changes in assets and liabilities of a business during the year
It shows position change of a business between two particular dates
It shows changes of a business for a particular year
It shows position of a business on a particular date
48. Income received but not earned is:
An Asset
A Liability
A Contingent Liability
None of the above
49. Bank Account is an example of:
Real Account
Nominal Account
Profit Account
Personal Account
50. Unclaimed dividend is shown under which heading in the balance sheet?
Current Liabilities
Provisions
Reserves and Surpluses
Miscellaneous Items
51. Surrender value of Joint life policy is shown as asset in the balance sheet when premium is treated as:
An ordinary business expense
An investment
In both cases A and B above
None of the above
52. In which year the Income Tax Act was passed?
1972
1968
1962
1961
53. Which of the following statement is false with regards to ‘income’ under Income Tax Act?
Which of the following statement is false with regards to ‘income’ under Income Tax Act?
It can be irregular or lump sum
It can be gift with clear personal element
It can be of any form
54. Which of the following is not a business expense?
Depreciation
Salaries
Wages
All the above
55. What is meant by the term ‘Adjusted Purchase’?
Opening Stock+Purchases
Purchase-Purchase Returns
Purchase-Discount received
Opening Stock+Purchases-Returns
56. Which one of the following is correct with regards to Budget?
It is a functional area of management
It is a standing plan
It is a multi use plan
It is a single use plan
57. Which of the following is not a technique of scientific management?
Scheduling
Standardisation
Time Study
Motion Study
58. Theory of human motivation(need hierarchy theory)is given by whom?
F.W.Taylor
Urwick
A.H.Maslow
Glueck
59. Who invented ‘Difference Engine’?
H.Emerson
Gilbreth
Mc.Gregor
Charles Babbage
60. Who among the following is treated as founder of ‘Human Relation School’of management?
H.A.Simon
R.Likert
Elton Mayo
C.I.Barnard
61. Which of the following is not a management function as given by H.Fayol?
Planning
Organising
Control
Staffing
62. Which of the following best explains ‘Planning Premises’?
Planning environment
Permissions available for planning
Resources available for planning
Available infrastructure facilities
63. The idea of ‘Functional Foremanship’ of supervision is given by whom?
Mary Parker Follett
F.W.Taylor
C.Argyris
H.Fayal
64. Which is the oldest form of organization?
Line and Staff
Staff
Committee
Line
65. The process that reduce the gap between planning and performance is:
Staffing
Organising
Controlling
Communicating
66. ’Order of command that runs from top to bottom’is explained by:
Scalar Chain
Unity of Command
Unity of Direction
Esprit-de-Corps
67. Accountability means what?
Doing accounting duty
Obligation for the performance of duty
Ability to answer
Willingness to perform duty
68. Which of the following primarily means to transfer authority from an individual to another?
Delegating
Sharing Responsibility
Division of Labour
Departmentalisation
69. Who issue Treasury Bills in India?
Government Treasury Department
SBI
RBI
SEBI
70. Which one of the following is not a right under Consumer Protection Act 1986?
Right to be informed
Right to protect environmen
Right to be heard
Right to consumer education
71. Which one of the following is true with regards to cash discount?
It is discount on prompt payment
It is discount on price at sales
It is discount on price at sales
It is a reduction in face value
72. Who,among the following ,is associated with the term ‘Marketing Myopia’?
Taylor
Philip Kotler
Henry Ford
Theodore Levitt
73. Which of the following pricing strategy,the marketer charge maximum price on introducing a new product?
Penetration Pricing
Skimmed Pricing
Going Rate Pricing
Full Cost Pricing
74. _________ is the set of all products and items that a seller offers to sell
Product Line
Product Mix
Product width
Product Length
75. Which of the following do not fall under ‘4Ps’ suggested by McCarthy?
Promotion
Product
Place
Perfection
76. Which of the following concept says that the consumers will favour those products that are available widely at low cost?
Production Concept
Selling Concept
Product Concept
Marketing Concept
77. In ‘ABC’ analysis of stock control,which of the following is true with regards to ‘C’ category goods?
They have strict control
They have moderate control
They have no control
They have loose control
78. Which of the following is the formula to calculate workers wage under Halsey Premium Plan?
T x R+%(S-T-R)
T x R+% S(T-R)
T x R+%(S-T)R
(T-R)x%(S-T)R
79. It said that Batch Costing is an extension of _________ Costing.
Contract
Job
Process
Operation
80. The smallest sub-unit of an organization where cost collection is attempted is:
Cost Center
Cost Element
Cost Unit
Cost Department
81. Election commission came into existence in:
1951
1954
1951
1952
82. Who was the first president of the Nair service society?
Mannath Padmanabhan
G.P.Pillai
K.Kelappan
T.K.Madhavan
83. Who has been appointed as Director General of Police,kerala?
Rishiraj Singh
Jiji Thompson
T.P.Senkumar
Jacob Punnus
84. Who started the Bachpan Bachao Andolan?
Medha Patkar
Malala
Kailash Satyarthi
Gopal hari deshmukh
85. The International Boxing Association banned which Indian Boxer for one year for not accepting her bronze medal at Asian Game 2014:
Bala Devi
Suil Chetri
Sarita Devi
Bhakthi Sharma
86. The Asian Games 2018 will be held at:
Doha
Dubai
Tokya
Jakartha
87. Founder of Travancore muslim Mahagensabha:
Makthi Thangal
Mampuram Thangal
Poikayil Yohannan
Vakkom Abdul Khadar Moulavi
88. Guruvayur satyagraha was in:
1930
1932
1933
1931
89. Siva Temple at Aruvipuram established in:
1887
1889
1880
1888
90. Sahodara Sangam was founded at:
Varkala
Perunna
Sivagiri
Cherayi
91. The first characteristic Malayalam novel is ‘Indulekha’published in:
1887
1889
1789
1888
92. Swadeshibhimani Ramakrishna Pillai was deported from Travancore is:
1911
1910
1909
1931
93. Channar agitation took place during the time:
Ayilyam Thirunal
Utharam Thirunal
Swathi Thirunal
Sreemulam Thirunal
94. ’Paschimodayam’was published by:
Father Clement
Herman Guntert
Thoma Kathanar
Gonsalvez
95. The first girls school was started at:
Kollam
Kottayam
Kochi
Thiruvanathapuram
96. ’Tatva prakasika ashram’is an educational centre started by:
Vagbhatananda
Sahodaran Ayyappan
Sree Narayana Guru
Ayyankali
97. Author of Kerala Sahitya Charithram:
Ullur S.Parameswara Iyer
Vallathol
Kumaran Asan
P.K.Narayana Pillai
98. Deshabhimani was the newspaper of:
T.K.Madhavan
Ramakrishna Pillai
Vakkom Abdul Khadar Moulavi
C.Krishnan
99. 93rd constitutional Amendment related with:
Education
Labour
Social Justice
Environment
100. The ex-officio chairman of Rajyasabha:
Vice President
President
Speaker
Prime Minister