Previous Exams

Vocational Teacher(Accountancy & Auditing),VHSE-2016

 

Time Remaining :
1. Charging low price in the international market and high price in the home market is called:
Discrimination
Dumping
Rigging
Penetrating
2. The assets bought for long term use are termed as ____________ assets.
Floating
Current
Tangible
Fixed
3. Notary public is a __________ appointed by the Government.
Legal Practitioner
Registar
Clerk
Manager
4. Subscription received in advance during the year is:
Asset
Surplus
Liability
Income
5. Exim Bank was established in the year is:
1956
1983
1991
1982
6. Who among the following is populerly known as Father of Co-Operative movement?
Jawaharlal Nehru
Robert Oven
Plato
Mahatma Gandhi
7. A bank Draft is drawn by :
Customer
Trader
Bank
RBI
8. Which of the following is the Capital Market Regulator:
SEBI
RBI
NABARD
BSE
9. According to Base II,The Capital adequancy ratio for Bank is :
8%
10%
25%
15%
10. Interest on Drawings is credited to :
Capital
Profit and Loss Account
Drawings Account
Goodwill
11. Price Discrimination is possible in which of the following market situation?
Perfect Competition
Pure Competition
Monopoly
Oligopoly
12. Sales Revenue is Rs. 8,00,000 and P/V Ratio is 40% .Then the amount of Contribusion will be :
400000
320000
600000
200000
13. The Consumer Protection Act Was passed in which year?
1956
1948
1981
1986
14. Which of the following companies Act was passed in India recently?
Companies Act 2014
Companies Act 2015
Companies Act 2013
Companies Act 1956
15. A single legislation to replace various Indirect Tax Legislation is the following:
GST
VAT
MAT
KVAT
16. IFCI was started as a specialized Financial institution in India in the Year:
1956
1947
1991
1948
17. Average clause in a General insurance contract discourages:
Under insurance
Over insurance
Un insurance
Tax evation
18. Opening balance of debtor Rs.30,000 , Cash received from Debtors is Rs. 40,000, Goods returned by debtors is 1000.What is the closing balance?
Rs. 76,000
Rs. 60,000
Rs. 71,000
Rs. 63,000
19. Selling price per Unit is Rs. 12,Variable cost per unit is Rs.5,Fixed expenses Rs.1,40,000.What will be the BEP?
20000 units
25000 units
28000 units
24000 units
20. Narasimham Committee Report on Financial sector Reforms was Tabled in Parliament in which of the following years?
1992
1995
1991
1989
21. Total sales of an organization is Rs. 5,00,000 and Margin of safety is Rs. 2,00,000.Calculate Break Even sales:
Rs.7,00,000
Rs.3,50,000
Rs.2,00,000
Rs.3,00,000
22. Wages paid for installing an asset is to be debited to ___________ account.
Asset
Trading
Profit and Loss
Wages
23. In Responsibility Accounting each area of activity is treated as a :
Profit Centre
Cost centre
Revenue centre
Investment centre
24. When Imputed costs are deducted from Accounting profit,we will get:
Net Profit
Gross Profit
Economic Profit
Explicit cost
25. If a Company Issued Rs. 5,00,000 worth of Equity and Rs.15,00,000 worth of Debt Capital ,Its Capitalization is said to be:
Over capitalized
High Geared
Low Geared
Under Capitalized
26. The Life Insurance corporation of India was incorporated in which year?
1947
1948
1950
1956
27. _____________ enables Indian investors to make investments in foreign companies.
ADR
GDR
IDR
OPTION
28. The rate at which the RBI provides refinance to commercial Banks is:
Repo
Reverse Repo
CRR
SLR
29. Section 80 D of Indian Income TaxAct deals with:
Medical treatment of spouse
Investment in Government Bonds
Interest on Housing loan
Medical Insurance Premium
30. Transfer of shares to legal heirs on death of shareholder is called:
Nomination
Assignment
Transmission
Endorsement
31. Liquidation is not required in :
Merger
Internal Reconstruction
Acquisition
Amalgamation
32. Mathod of doing an activity is called:
Technology
Model
Performance
Execution
33. ___________ replaces the Central Planning Commission:
GST
IFRS
MAT
NITIAYOG
34. The Malayalam Novel 'OHARI' is authored by:
K.L. Mohanavarma
M.T. Vasudevan Nair
M. Mukundan
C.Radakrishnan
35. On winding up,Statement of affairs is prepared by:
Registar
Liquidator
Company
Court
36. Writing off intangible Asset is called:
Amortization
Depreciation
Revaluation
Elimination
37. Under _____________ method of stores issue,the issue price reflects the current market price.
FIFO
LIFO
HIFO
Average
38. ______________ clause is included in contracts to makeup the increase in the cost of materials,labour or other expenses.
Escalation
Bonus
Addition
Cancellation
39. Maslow's Need hierarchy Theory is based on:
Organisational Needs
Market Needs
Human Needs
Government Needs
40. In the case of New Products ___________ Method of pricing is most suitable
Cost Plus
Monopoly
Mark up
Penetration
41. Arbitraging is _____________ Activity
Unfair
Punishable
Legal
Unlawful
42. Which of the following is not an offence under Income Tax Act?
Tax Evasion
Income Concealment
Tax avoidance
Over charging Depreciation
43. NIFTY is based on the value of scrips Listed in:
National Stock Exchange
OTCEI
Bombay Stock Exchange
Cochin Stock Exchange
44. Fire Insurance Contract is a contract of :
Assurance
Indemnity
Loss
Wager
45. Mr. A entered into a contract with Mr. B for the sale of a building for Rs. 20 Lakhs.Before the execution date,the building collapsed due to earth quake.Then the contract is:
Valid
Enforceable
Voidable
Void
46. Nephew of Mr.X is missing.He gave a public promise that any one who can find the missing nephew and informing him will be paid an amount of Rs. 10,000 .Mr.Y the servant of Mr.X ,without knowing the pr
Mr.Y is not entitled to get the amount
Mr.Y is entitled to get the amount
Mr.Y can sue and get the amount
Nephew is to pay the amount
47. MBP stands for:
Member Broker Plans
Management backed Project
Multi Banking Partner
Maximum Borrowing Power
48. Errors in totalling and balancing is an example of:
Error of Omission
Error of Commission
Compensating Errors
Error of Principle
49. SAP stands for :
Standard Auditing Practises
Standard Accounting Practises
Sectional Auditing Practises
Sectional Accounting Practises
50. Recording transaction in the Ledger is called:
Book-keeping
Accounting
Posting
Balancing
51. Which of the following is a direct expense?
Rent
Salaries
Interest
Wages
52. Unpaid salaries account is a ___________ Account.
Personal
Real
Nominal
None of these
53. Assets which loose their volume due to usage is called:
Depleting
Intangible
Fictitious
Floating
54. When two persons make identical offer to each other,without having knowledge of each other's offer ,then it is case of:
General offer
Specific offer
Counter offer
Cross offer
55. Consent is free when it is caused by :
Coercion
Fraud
Undue influence
Free will
56. Mr.P agrees to pay Rs.5,000 to Mr.S if it rains and Mr.S promise to pay Rs.5,000 to Mr.P if it does not rain,this agreement is an example of :
Voidable
Contigent Contract
Wagering Agreement
Quasi contract
57. General offer can be accepted by:
Any person
The promise only
The promise or his agent
None of these
58. General Lien can be exercised by :
Agent
Unpaid Seller
Finder of Lost Goods
Banker
59. Audit conducted by the employees of the organisation is called:
Interim Audit
Internal Audit
Vouching
Local Audit
60. The first general meeting of a company is called :
Statutory meeting
Annual general meeting
Extra ordinary general meeting
Board meeting
61. ____________ is a company created by a special Act in Parliament.
Government
Registered
Chartered
Statutory
62. IPO stands for:
Initial Public offer
International Public offer
Indian Public offer
Initial Private offer
63. The excess money collected over the face value of shares shall be credited to :
Reserve capital
Security Premium
Capital Reserve
Calls in advance
64. The share capital account is debited with _____________ while forfeititing shares.
Calls in arrears
Called up capital
Paid up capital
Issued capital
65. Security Premium cannot be used for:
Writting off priliminary expenses
Issuing Bonus Shares
Writting off discount on issue of shares
Redeem Preference Shares
66. A qulified Report is issued by the Auditor when he is:
Dissatisfied with the Audit
Satisfied with the Audit
Paid his remuneration
A qualified auditor
67. Annual Audit is otherwise known as:
Internal Audit
Interim Audit
Partial Audit
Periodical Audit
68. Which of the following is a Social Network:
Chrome
Twitter
Fire Fox
Internet Explorer
69. List of detailed instructions that direct a computer is called:
Execution
Control
Programme
Storage
70. The acronym CRT stands for:
Computer Radio Technology
Cathode Ray Tube
Colour Ray Tube
Computer Ray Tube
71. The validity of a cheque is ___________ from the date of its issue:
9 months
6 months
12 months
3 months
72. The market where securities are issued for the first time is called __________ market.
Primary
Secondary
Local
Grey
73. The process of converting the physical form of shares into electronic form is called:
Rematerialisation
Dematerialisation
Coding
Decoding
74. Bombay Stock Exchange was established in the year:
1785
1795
1875
1865
75. The first Co-Operative Act was passed in India in the year:
1904
1901
1961
1912
76. Trial Balance will detect:
Errors of Principle
Compensating Errors
Partial omission
Complete omission
77. Double entry system of Accounting was propounded by :
Luca Paciolli
Chanakya
Peter Drucker
Confucious
78. 20% profit on sales price means ________ on cost.
33%
25%
15%
30%
79. Process costing method is used for:
Transport services
Printing Press
Textile units
Soap making
80. Ratio of Net income to Number equity shares is known as:
Net Profit Ratio
Current Ratio
Earnings per share
Dividend per share
81. Who among the following was called The Jhancy Rani of Travancore by Mahatma Gandhi?
Ammu Swaminathan
Akkamma Cheriyan
Aruna Asif Ali
Captain Lakshmi
82. The Travancore State Congress was formed in the year:
1938
1937
1936
1939
83. One among the co-founders of Legue of Opressed People was :
Poyikayil Yohannan
Ayyankali
Chembaka Raman Pillai
Vaikom Abdul Khadar Maulavi
84. The Kerala Kaumadi news paper was started by:
Dr.Palpu
G.K. Pillai
C.Krishna Pillai
C.V. Kunji Raman
85. The first President of Nair Service Society was:
K.Kelappan
Mannath Padmanabhan
G.K. Pillai
C.Krishna Pillai
86. A.B.Selam was a famous:
Muslim leader
Jew leader
Chistian leader
Nair Leader
87. The Pattini MArch from Kannur to Madrasin 1936 was led by:
E.M.S.Nambuthiripad
P.Krishnapillai
A.K.Gopalan
G.Sankaran Nair
88. Swathanthrya Gatha was written by:
G.Sankarakuruppu
Vallathol
Ulloor
Kumaranasan
89. The Channar Agitation achieved its objectives in the year:
July 1859
November 1859
September 1859
December 1859
90. The Church Mission Society was founded in 1821 by:
Arnos Pathiri
Ringle Tab
Benchamin Baily
Hermen Gundert
91. Literacy Criticism in Malayalam Literature was initiated by :
Joseph Mundassery
M.P.Paul
P.K.Narayanapillai
Raja Raja Varma
92. To which of the following political parties does Tejashwi Prasad belong:
Bharathiya Janatha Party
Rashtiya Janatha Dal
Samajwadi Party
Biju Janatha Dal
93. Which among the following state is known as Denmark of India?
Punjab
Hariyana
Bihar
Himachal Pradesh
94. Orange Book is the official Book of which of the following countries?
Netherland
France
China
Portuguese
95. The first opposition leader of the Kerala Legislative Assembly was:
C.H.Muhammed Koya
R.Sankar
Pattom A.Thanupillai
P.T. Chacko
96. The National Food Security Act 2013 became law on:
September 9,2013
September 17,2013
September 12,2013
September 22,2013
97. Floid MAyWeatherJr,the famous Boxing Player belongs to which country:
Cuba
West Indies
Canada
United States of America
98. The Anglo Indian Nominne to the 16th Loksabha from Kerala is:
Richard Hey
George Baker
Ludy Louis
Edward Edenzhath
99. By which constitutional Amendment in 1986 was the State of Mizoram created:
63rd Amendment
57th Amendment
53rd Amendment
66th Amendment
100. Mahakavi Vallthol Established Kerala Kalamandalam at Cheruthuruthy in:
1925
1930
1932
1934