Previous Exams

Accountant Grade III,Kerala State Coir Corporation-2016

 

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0. The Return of Red Roses is the biography of
Captain Lakshmi

Vijayalakshmi Pandit

Indira Gandhi

Anna Chandi
1. Ownership expressed in terms of money is called
Property Account

Capital Account

Real Account

Asset Account
2. A product was sold for Rs.448 at a profit of 12% .What is the cost?
Rs.502

Rs.448

Rs.400

Rs.394
3. Capital Profit is transfered to
Capital Reserve

Reserve Capital

General Reserve

Specific Reserve
4. Depreciation on fixed asset is provided in compliance with the accounting concept of
Consistency

Accural

Cost

Going concern concept
5. Which of the following item is recorded in the sales journal?
Only cash sales

Only credits sales

Both cash and credit sales

None of the above
6. Capital A/cis a
Personal Account

Real Account

Nominal Account

None of these
7. Quick ratio is also called
Acid test ratio

Near money ratio

Liquid ratio

All of these
8. A method of costing in which the fixed costs are added for inventory valuation
Absorption costing

Marginal Costing

Direct Costing

Deffered costing
9. Indirect material cost is a part of
Prime cost

Product cost

Variable cost

Factory cost
10. BEP is worked at
Fixed cost+P/V ratio

Fixed cost+Selling price

Fixed cost/Contribution per unit

Fixed cost/Variable cost per unit
11. Research and Development cost is
Production cost

Pre-production cost

Variable cost

works cost
12. Cost Reduction is achieved through
Value analysis

Inventory control

Production,planning and control

All of these
13. Margine of safety*P/V ratio =
sales

Variable cost

Fixed cost

Profit
14. The auditor of a public limited company is appointed by the
Government

Board of Directors

Shareholders

CAG
15. Duties of a company auditor are defined by:
The Articles of Association

The Memmorandum of Association

The Companies Act,1956

The agreement of the company with the auditor
16. The second important function of management is
Organising

Staffing

Directing

Controlling
17. The book "The Practice of management" was authored by
P.F. Drucker

F.W.Taylor

Oliver Sheldon

Douglas McGregor
18. Stratagic Planning means
Short term planning

Corporate planning

Descision making

None of these
19. Which of the following is imaginary?
Mission

Vision

Goal

Objective
20. POSDCORB was coined by
F.W.Taylor

Prahlad

Maslow

Gullick
21. The Consumer Protection Act was passed in:
1956

1964

1986

1992
22. Which are synonimous?
Market mix and marketing mix

Marketing mix and product mix

Product mix and market mix

None of these
23. The term product concept was developed by
Theodore Levit

Kotler

Peter Drucker

None of these
24. Which of the following is not included in the function of physical supply?
Standardisation

Transportation

Storage

Packaging
25. After sales service is a part of
Core product

Argumented product

Tangible product

Fundamental product
26. The word 'positioning' was coined by?
Kotler

Peter Drucker

Al Reis and Jack Trout

Rosser Reeves
27. Products that consumers buy regularly with little effort are called
Shopping products

Convenience products

Impulse products

Consumer products
28. Income Tax Act was passed in
1956

1961

1966

1968
29. Remuneration paid to an MLA is taxed under the head
Income from salary

Capital gains

Income from profession

Income from other profession
30. PAYE in incometax stands for
Advance payment of tax

Payment of tax by the employer

Exemption from payment of tax

None of these
31. Which of the followings is not an indirect tax?
Sales tax

Estate tax

Customs duty

Entry tax
32. Burden of tax is reduced by
Tax avoidance

Tax evasion

Tax planning

None of these
33. For income tax purpose,an Indian company is always
Resident

NRI

Not ordinarily resident

None of these
34. The method where data are collected for each item in the population is known as:
Census method

sampling method

survey method

Observation method
35. Data taken from the 'visitors lists' is
Cluster sampling

Quota sampling

Random sampling

Judgement sampling
36. The concept of regression was developed by
King

Jacques

Galton

Pearson
37. Which of the following is a positional average?
Mean

Mode

Median

Standard Deviation
38. In a sample based research work ,the data collected for analysis are called?
Primary data

Secondary data

Field data

Standard Deviation
39. In pie diagram,1%=?
1.8 degrees

0.9 degrees

3.6 degrees

1.1 degrees
40. Mode is
3 median + 2 mean

3 median - 1

3 median - 2

3 median + 3
41. The degree of relationship between two variables is called
correlation

regression

variance

probability
42. IDBI Bank Ltd. is
Development bank

Commercial bank

NBFI

None of these
43. NABARD was established in
1972

1982

1984

1986
44. India has the system of
Branch banking

Unit banking

Chain banking

None of these
45. One who deposits money in a bank becomes--of the bank
Agent

Debtor

Creditor

None of these
46. Barter system means
Goods sold on credits

Goods sold on cash

Goods sold for no consideration

Exchange of goods for goods
47. The largest commercial bank in India is:
SBI

PNB

ICICI

HDFC
48. A cheque becomes 'stale' after a period of
two years

one year

six months

three months
49. The modern quantity theory of money was developed by
Frieddman

Keynes

Fisher

Malthus
51. The RBI is not concerned with
Framing the Fiscal Policy

Framing the Monitory Policy

Note issue

Control of credit
52. The central Bank keeps 100% gold reserves against the notes is called
Special paper money

Managed paper money

Fiduciary paper money

Representative paper money
53. It’s best to float the equity shares in the market during
Boom

Recession

Recovery

Depression
54. Capital loss arises due to
Sale of current assets at a price lesser than book value

Sale of capital Asset at a price lesser than book value

Depreciation

All of the above
55. Who is the father of Financial Mangement?
Harold Koontz

Ezra Solomon

Peter F.Drucker

Joseph and Mazzie
56. What is the operating leverage if fixed cost is Rs.90,000 and contribution is Rs.1,00,000?
0.10

0.90

9.00

10.00
57. Watered stock leads to
Over capitalisation

Under capitalisation

Fair capitalization

None of the above
58. The Capital structure which maximizes the value of the firm is called -------- capital structure
Maximum

Minimum

Optimum

None of these
59. When equity is more than long term debt,the firm is said to be______geared
High

Low

Even

Moderate
60. Find the odd one out
Investment decision

Finance decision

Profitability decision

Dividend decision
61. ________ approach is also known as matching approach
Hedging

Conservative

Trade off

None of these
62. The main objective of a firm is
Sales management

Inventory management

Profit maximization

Wealth maximization
63. Agreement is
Consideration

Offer

Acceptance

Both (b)and(c)
64. An agreement to buy stolen goods is
Void

Voidable

Valid

Illegal
65. Stepping into a line bus creates
Valid contract

Void contract

Voidable contract

Unenforceable contract
66. Pledge is a part of
Consignment

Bailment

Partnership

Lease
67. General Lien is available for
Banker

Bailor

Tailor

None of these
68. A Minor cannot be a an
Agent

Partner

Payee

None of these
69. An agreement in restraint of the marriage of a minor is
Void

Voidable

Valid

Illegal
70. Indian Partnership Act was enacted in
1932

1948

1956

1964
71. Principle of indemnity is not applicable to
Life insurance

Marine insurance

Fire insurance

All of these
72. On payment of Insurance policy,the insurer is put into the shoes of the insured.This principle is called
Mitigation of loss

Subrogation

Causa proxima

Contribution
73. Bancassurance in the insurance product of
LIC

Private Insurance companies

Banks

None of these
74. In India,the whole life insurance business is administered by
LIC

IRDA

RBI

None of these
75. The law diminishing marginal utility was first stated by
H.H.Gossen

J.R.Hicks

J.B.Say

Marshall
76. Under perfect competition,short run equilibrium of a firm will be
MC=MR

MC

MC>MR

None of these
77. The shape of demand curve is
Upper sloping curve from right to left

Down sloping curve from right to left

Down sloping curve from left to right

Upper sloping curve from left to right
78. The salient features of Indian Economy are
Predominance of agriculture

Rapid growth of population and unemployment

Low per capita income and capital scarcity

All of these
79. Which industry is the second largest provider of employment in India after agriculture?
Textiles

Chemicals

Transports

Iron and steel
80. Who is the Chairman of’NITI AYOG’?
Miniser for Finance

Minister for planning

Chairman of Finance Commission

Prime Minister
81. Malayavilasam which marked the beginning of modern Malayalam poetry was composed by
Kunjikuttan Thampuran

Ulloor S.Parameshwaran Nair

Vallathol Narayana Menon

None of these
82. In India the Environment Protection Act came into operation in
1986

1984

1987

1985
83. One of the longest roads in Kerala NH 47 is currently renamed as
NH 44

NH 66

NH 544

NH 766
84. The Asian Nation that has joined the WTO recently as the 164th member
Pakistan

Afghanistan

Myanmar

Nepal
85. The First Girl’s School of the BEM in Kerala was opened in 1839 at
Vadakara

Kallyai

Kasargod

Nettur
86. The First International Festival on Birds was held in December 2015 at
Rajastan

Uttar Pradesh

Kerala

West Bengal
87. Who Proclaimed Akkamma Cherian as the Jhansi Rani of Travancore?
K.Kelappan

Sri Chithira Thirunal Balarama Varma

Pattom Thanur Pilla

None of these
88. The women’s Malayalam magazine Sreemathi was published from Travancore
K.V.Kuttimalu Amma

Anna Chandi

Ammu Swaminathan

Parukutti Amma
90. The Magazine Sadhujana Dootan was published by
Pampadi John Joseph

K.P.Vellon

Pandit K.Karuppan

Sahodaran Ayyappan
91. The newspaper Prabhatham began to be published in 1944 by
Moorkkoth Kumaran

T.K.Joseph

C.Krishnan

None of these
92. The Commission which recommended for the establishment of inter state Council
Sarkaria Commission

N.N.Vohra Commission

K.C.Niyogi Commission

Balwant Rai Mehta Commission
93. The 14th Finance Commission was constituted under the Chairmanship of
Vijay Kelkar

A.M.Khusro

K.C.Pant

Y.V.Reddy
94. The 100th Amendment Act of Indian Constitution relate to
Boundary Agreement

Black money

Judicial Appointment Commission

Tax on Goods and Services
95. The State which declared as the first E-panchayat State in India
Gujarath

Maharashtra

Punjab

Uttar Pradesh
96. The Suguna Vardhini was an organization established by
Arattupuzha Velayudha Panikkar

Agamananda Swamikal

Kumbalathu Sanku Pillai

Ayyathan Gopalan
97. __________translated Taming of the Shrew the drama of Shakespeare in Malayalam
K.C.Kesava Pillai

Kandathil Varghese Mappila

Ikkavu Amma

C.V.Raman Pilla
98. The Kerala vanitha Commission bill was passed in
1991

1996

1997

1992
99. The social welfare scheme Annadayini related to policy of giving nutritious
Tribal people

Pregnant tribal women

School children

Enosulphan Victims
100. Which day is observed as Temple entry Day all over kerala as Temple Entry Movement
1 October 1931

1 November 1931

1 January 1932

None of these