Kerala PSC Divisional Accountant (11/2017) Mock Test

1. The constitution of India adopted the idea of Directive Principles of State Policy from the constitution of

2. Which is not among the Fundamental Rights?

3. Who is the highest law officer of India?

4. Expand KELSA

5. First Digital State in India is

6. The International Day for the Elimination of violence against women is

7. Litho printing in Kerala was introduced by the protestant missionary

8. Name the Social Reformer who has founded Jathinashini Sabha through which he promoted inter-caste marriage in Kerala

9. The Temple Entry Proclamation was issued in the year

10. The Founder of Swadeshabhimani Newspaper was

11. The novel written by C.V. Raman Pillai

12. The woman, who is famous through the 'Rajadhani March' to Kaudiyar Palace

13. Who founded common wells called "Munthirikkinar" for people from all castes?

14. Kallumala Agitation associated with

15. Who is known as "Kerala Vyasa"?

16. 'Beti Bachao' 'Beti Padhao' scheme has been launched in India in

17. The master gland of human body is

18. The European country associated with BREXIT

19. The Malayalam poet who bagged Asan Smaraka Award 2016 is

20. The 12th person among the Chief Ministers of Kerala is

21. _____ are the cost of either a single process or a series of processes that simultaneously produce two or more products of significant relative sales value.

22. _____ costs are not traceable to any plant, department, and operation or to any individual final product.

23. ____ is the production that fails to meet quality or dimensional requirements and hence has to be
disposed of without further processing.

24. If normal usage of raw material is 110 per day, minimum usage is 50 per day, maximum usage is 140 per day, and lead time is 25 to 35 days, the minimum stock level is ____.

25. ______ is a form of specific order costing which applies where work is undertaken to customer's special
requirements and each order is of short term duration.

26. In contract costing retention money is the difference between work certified and ____.

27. Process account is credited with the scrap value of ____.

28. Under marginal costing, contribution is

29. Material usage variance is a combination of ____.

30. ____ is a method of budgeting where no reference is made to previous level of expenditure.

31. ______ is a subsidiary objective of Auditing.

32. Goods purchased for Rs.10,000 is recorded in purchases day book as Rs.1,000 is a ____ type of error.

33. Scheduling dates for interim and year end audit procedures is a goal of ____.

34. Mistakes and Errors detected are recorded in ______.

35. ____ is an arrangement of duties allocated in such a way that the work of one person is automatically checked by another.

36. _____ is an investigation of business from the highest level downward in order to ascertain whether
sound management prevails throughout the company.

37. When the auditor is satisfied with the fairness of the balance sheet and profit and loss account, he will give a _____ report.

38. On completion of Annual Audit the auditor's report is issued on ______.

39. ______ is the owner of Working Papers in a company audit.

40. _____ audits the books of accounts of government companies as per the Companies Act.

41. The job of figuring out the ways and means of financing investment projects is _____ decision.

42. The process of _____ is used for calculating the Present Value of a cash flow.

43. _____ investors have a claim on residual cash flows of the firm.

44. ____ leverage arises from the firm's fixed costs such as salaries, depreciation, insurance etc.

45. When inventories and receivables are supported by credit provided by suppliers and the customers pay in advance then a firm cash have a _____ Working Capital.

46. ____ is a non-discounting criteria to judge the worthwhileness of investment projects.

47. When 'Profit after tax' is divided by 'book value of assets', we get _______.

48. A rights issue of capital to the existing shareholders through a Letter of Offer is made in the first instance to the existing shareholders on a ____ basis.

49. The reason for Equity Buy Back can be ___.

50. Bonds that have a credit rating of BB or lower by Standard and Poor's and Ba or lower by Moody's are referred to as ______ Bonds.

51. As per Section 5, incidence of tax on a taxpayer depends on:

I. His residential status.
II. The place and time of accrual or receipt of income.

52. For an NRI, Foreign Income is

53. Loss under the head of "Capital Gains"

54. GST stands for

55. The remuneration received by people like doctors, architects, lawyers etc. from their clients is treated under the head

56. ______ is any casual emolument fee or profit attached to an office or position in addition to salary or
wages.

57. If an asset transferred without consideration is again transferred by the transferee. the resultant gain or loss is clubbed with the income of

58. Business losses cannot be set off against any income except

59. Voluntary return is filled under section

60. Ex-parte assessment is also called

61. The balance in the Shares Forfeited Account is transferred to ____.

62. The Sinking Fund Account is finally closed by transferring the balance to _____.

63. Which of the following do not amount to appropriation of profit?

64. Any profit on realization of assets at the time of amalgamation is transferred to _____.

65. Depreciation account is given in _____

66. The amount set aside for unrealized profit on stock is called _____.

67. If the goods are invoiced at 25% an cost price, it means ______ on selling price.

68. The creditors turnover ratio is obtained by dividing the Net Credit Annual Purchases by

69. An increase in current liabilities ______ the working capital.

70. The Accounting Standards Board (ASB) came to existence in the year

71. RTGS stands for ____.

72. The right of the banker to retain all the properties of the debtor is called ______.

73. Which of the following is not a Nationalised bank?

74. CRR stands for _____.

75. RBI Act came into force in

76. SPNS stands for ____.

77. Which of the following is not a property insurance?

78. The principle of 'Causa Proxima' in insurance business means

79. The Life Insurance Corporation Act came into effect in the year

80. Which of the following is not a fundamental principle of insurance contract?

81. DDB stands for ____.

82. In the call money market, the period for which a loan is granted shall not exceed

83. Which of the following is not a Money market instrument?

84. Equity shares issued by a company to its employees or directors, at a discount, for providing know-how is called _____.

85. Security merchants dealing in shares and debentures as independent operators are called

86. Bombay Stock Exchange was established in the year ____.

87. SEBI Act came into force in the year ____.

88. The first stock exchange in India was set up in _____.

89. Regulations governing Mutual Funds are being issued by _____.

90. Mutual funds attracting foreign savings for investment in India is called

91. TCP stands for _____

92. Which of the following is not an electronic fund transfer method?

93. Use of computers and communication technology for management of information is called

94. Which of the following is not a component of DSS?

95. The technique of Group Decision Making in which there is no formal meeting of participants is called ______.

96. A group of cells in an Excel workbook is called ______.

97. Which of the following is a Database function in Excel?

98. DDL stands for _____.

99. Which of the following is not a Data Mining technology?

100. Which of the following is a tool used for arranging and storing information about data maintained in the database?