114/2015

Maximum: 100 marks Time: 1 hour and 15 minutes
1. 'Nails used in furniture manufacturing' is an example

Consumable stores Indirect material


Direct material All the above


2. Audit with respect to efficient utilization of resources is known as

Cost audit Financial audit


Social audit Technical audit


3. Which of the following is not an example of item excluded from cost books?
."

Income tax Preliminary expense


Abnormal idle time Normalloss


4. The segment of activity of business responsible for both revenue and expense is called

Service centre Cost centre


Profit centI:e Product centre


5. Goodwill

Good reputation Intangible asset


Fictitious asset Ability to earn super profit


6. Dilapidation is concerned with

Leasehold asset Wasting asset


Livestock Intangible asset


7. In preparing final accounts, goods invoiced at Rs.6,000 sent on sale or return for which approval is not received is to be included in the stock at Rs. if the rate of gross profit is 20% on cost.

1,200 5,000


4,800 1,000


8. Under selfbalancing system, debtors ledger adjustment account is opened

Creditors ledger Debtors ledger


Nominal ledger None of these


A 3
[P.T.O.]
9. Financial derivatives are useful in

Hedging risk Arbitrage


Speculation All the above


10. ASBA system protects the'investors from:

Denial of allotment Loss of interest


Inflation Loss of capital


11. Load in mutual fund is connected with:

Open ended scheme Income scheme


Close ended scheme Growth scheme


12. NPV method is superior to IRR because:

Multiple IRR Comparability


BC Ratio All the above


13. Red-herring prospectus is associated with:

Budla T+3 Settlement


Book building Offer for sale


14. Kerb dealing isnow not relevant because:

Online trading Off-market deals


Regional stock exchanges OTCEI


15. The powers of CCI is merged with:

SCRA DFHI


SEBI 'Company Law Board


16. Close ended mutual funds are traded on the basis of:

Market value NAV


NAV Load NAV·Load


17. Shares are traded between announcement date and record date at

Ex-right price Cum-right price


Value of right All the above


18. Routine management of mutual funds including the designing of schemes is carried out by

Trustee Sponsour


AMC Custodian


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19. Which of the following is not a credit rating agency ofIndian origin?

CRISIL ICRA


CARE IBCA Ltd


20. An indenture means:

Debenture Trust Deed Association of debenture holders


Ability of debt servicing Fund for redemption of debentures


21. Which of the following is the prominent consideration of investing in equity?

Capital gain Dividend


Voting right Bonus shares


22. Income tax paid is treated in the final accounts of a sole trader as

Revenue expense Drawings


Capital expenditure Off-balance sheet item


23. Live stock in the case of mixed farming is

Fixed asset Tangible asset


Wasting asset Current asset


24. If the standard turnover is Rs.78,000, Actual turnover is Rs.18,000 and the rate of gross profit on cost is 33t% the claim for loss of profit will be Rs:

20,000 18,000


15,000 . 45,000


25. If opening stock is Rs.13,500, Purchases Rs.82,500, Sales Rs. 1,20,000, stock salvaged is Rs. 1,260 and the rate of gross profit on cost is the stock destroyed by fire will be Rs

10,740 22,740


14,740 17,260


26. Under debtors system branch account is a account.

Real Nominal


Personal Debtors


27. Consignment account is a account.

Real Nominal


Personal Revenue


A 5 114/2015
[P.T.a.]
•

28. Salary outstanding account i!l a account.

Representative personal Personal


Real Nominal


29. Insurance of factory building is cost.

Period Variable


Semi-variable Uncontrollable


30. Which of the following is a costing system?

Marginal costing Direct costing


Contract costing Uniform costing


31. The cost of a group of identical products is ascertained under:

Process costing Job costing


Batch costing Operation costing


32. The suitable method of pricing material issues at times of rising prices is

FIFO LIFO


Average cost Inflated price


33. Inventory includes:

Stock of raw materials Stock of work-in-progress


Stock of finished goods All the above


34. Damage caused to goods in the course of manufacturing which cannot be rectified/deformed valuably by imputing additional cost is called:

Spoilage Defective


Wastage Scrap


35. Under of pricing material issues, the new price is determined after every purchase.

Average cost FIFO


LIFO Market price


36. If sales during the first quarter is Rs.1,OO,OOO, sales during the second quarter is Rs.1,30,OOO, profit for the first quarter is Rs.30,OOO, profit during the second quarter is Rs.45,OOO and fixed cost is Rs.30,OOO, the Break Even sales is Rs

90,000 60,000


70,000 85,000


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37. Which of the following is not a closing entry?

PIL arc Dr
To Salaries



Discount received ale Dr
To PIL ale



Sales ale Dr
To Trading ale



CD) Closing stock ale Dr
To Trading ale

38. To which of.the following accounts periodic totals are posted when the journal is subdivided?

Sales ale Debtors ale


Creditors ale CD) All the above


39. In which of the following, accounting period is relevant;

Cash system Mercantile system


Accounting information system CD) Tax accounting sub-system


40. Proprietor's personal accounts are maintained on the basis of concept.

Going concern Revenue recognition


Business entity CD) Money measurement


41. Which of the following is not a hybrid instrument?

Preference shares Bonds


SPN CD) Zero coupon bonds


42. In a statistical series, the C.v is 40% and the SD is 16, find arithmetic mean;
6.4 64
(C) 40 CD)4
43. Which of the following is the most suitable one in averaging variables expressed in compound units?

Harmonic mean Geometric mean


Median CD) Mean


44. Which of the following is a relative measure of dispersion?

Standard deviation Coefficient of determination


Coefficient of alienation CD) Coefficient of variation


A 7 114/2015 [p.T.O.]
45. The reversal of debit and credit rules of real, personal and nominal accou.nts will hamper:

Agreement of trail balance Agreement of balance sheet


Universal understandability Preparation of PIL alc


46. Which of the following is true in relation to determination of the rate of depreciation if, C =Cost of the asset, S =Scrap value, R =Rate of depreciation and n =number of years of working:
C(l S
S
47. is used to judge the main activity of a business concern.

Gross profit Operating profit


Net profit 'EBIT


48. Insurance business in India is regulated and controlled by

IRDA SEBI


SCRA IDFC


49. In the case of rectification after preparation final statements, the increase/decrease in profit after rectification is passed through

PIL appropriation alc Revaluation alc


Realisation alc PIL adjustment alc


50. Purchase of a machinery on credit is recorded in

Purchase day book Purchases account


Journal proper Cash book


51. Which of the following normally does not appear in the trial balance?

Trade discount Cash discount


Depreciation Expenses outstanding


52. A contra balance in the debtors account will arise in the debtors accomit in the event of:

Bad debts


Advance paid by customers


Discount allowed


Return of empties before making full payments


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Present sales -Actual sales
1-VIC ratio
54. Which of the following is not a part of inventory carrying cost?

Interest Insurance


Carriage inwards Obsolescence


55. The analysis and control of materials exercised with respect to the importance ill the production process is known as

ABC CIE


JIT VED


56. Under Walter's model, a growth firm is identified when

k r


r s. k r k


57. A co.mpany with high PIE Ratio is normally expected to

have low earnings potential


be good for investment


have high potential growth in market value


pay high dividends in future


58. Which of the following is not an application of cost of capital?

Decision criterion in capital budgeting


Capital structure decision


Evaluating financial performance of the management


Rate of return expected by the owners


59. Which of the' following is a high risk portfolio?

Defensive Leveraged


Aggressive Global minimum variance


60. A new company which cannot go on public can resort to in raising capital.

Mutual funds Venture capital


Bridge financing Merchant banking


A 9 114/2015 [P.T.O.]
61. The relation POI XPIO 1should be satisfied ofindex numbers.

Unit Factor reversal


Time reversal Circular


62. The correlation between attributes is calculated by using:

Karl Pearson's coefficient
. Spearman's coefficient



Sign test


Coefficient of concurrent deviations


63. If r.,y and by. find Cry

2 13.5


8.64 4.5


64. The tendency exhibited by a time series for a long period of time is known as

Trend Seasonal variation


Random variation Cyclical fluctuation


65. Which of the following may be considered as market maker?

Brokers Jobbers


Remisiers DPs


66. A valid documents are usually used in

Factoring Merchant banking


Underwriting Forfeiting


67. The irrelevance model of capital structure is put forward by

Modigliani and Miller Walter


Ezra Solomon William Sharpe


68, SEBr has got statutory powers in

1988 1991


1992 1997


69. When the events are equally likely, is used to determine probability.

Relative frequency Empirical


Subjective Classical


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70. The effect of wealth maximization objective of financial management is ultimately reflected
III
Market value of shares Rate of growth in profits Cost of capital Firm's IRR
71. Which of the following is a credit card service provider of Indian origin?

VISA Rupe


Mastercard Smartcard


72. The credit worthiness of a from bank in India is judged and informed by

CRISIL ICRA


CIBIL CARE


73. Which of the following ratios can be used to measure a firm's ability of prompt payment of interest and repayment of capital with respect to debt?

DSCR ICR


FCCR DTR


74. Financial leverage shows the effect of changes

Turnover on EBIT·


Turnover on EPS


EBIT on EPS


Interest charges on EBIT


75. While relating Abraham Maslow's Need Hierarchy Theory and Frederick Hygiene theories of motivation, which needs of Hierarchy Theory will fall under the hygiene factors?

Self-actualization, social and esteem needs


Social, esteem and social needs


Physiological and safety needs


Self-realization needs


76. The world renowned management theorist and speaker who passed away in 2005 and wrote the book "The end of Economic Man"

E F L Breach Peter F. Drucker


Keith Davis Max Weber


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77. Mr. X maintains books of accounts on the calendar year basis, details are as follows: Accounting year Income as per books of accounts Quarter wise break up of January -March April-December 2012 60,000 18,000 42,000 2013 70,000 26,000 44,000
2014 90,000 21,000 69,000 How much is the taxable income of Mr. X for the assessment years 2013-14 and 2014-15

Rs. 65,000 and Rs. 68,000 Rs. 68,000 and Rs. 65,000


Rs. 44,000 and Rs. 47,000 Rs. 70,000 and Rs. 90,000


78. The system of employee or manager evaluation by everyone above, alongside and below him in the hierarchy is known as

360 degree evaluation Peer evaluation


Parallel evaluation Continuous evaluation


79. If any assessee receives extra money on account of devaluation of currency, it

Deemed Non taxable


Exempted Taxable


80. A strategic model for measuring the effectiveness of different stages of advertisement on consumer's awareness comprehension, conviction and action is known as

ADARB AIDA


DAGMAR ADCAI


81. Which article in Indian constitution prohibits" Child Labour"

Article 331 Article 24


Article 324 Article 148


82. The CAG of India is appointed by

The president The prime minister


MHRD Election commission


83. The right to information Act was passed by the parliament on

I" November 2001' 15 June 2005


I" April 2010 August 2009


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84. Name the viceroy who appointed the" Raliegh Education Commission"

Lord Warren Hasting Lord Delhousi


Lord Wellasly Lord Curson


85. " Sadhu Jana Paripalana Sangham" was founded by

Sree Narayana Guru Poikayil Kumara Gurudhevan


Subhananda Swamikal Ayyankali


86. "Channar Lahala is popularly" known as

Kallumala Samaram Mukkuthy Samaram


Melmundu Samaram Achi pudava Samaram


87. The movement that led to the formation of the first public service commission in the state of Travancore was:

Vaikkom Satyagraha Nivarthana Agitation


Civil Disobedience Malayali Memorial


88. 'Vivekodayam' Magazine was published in the year

1905 1904


1958 CD) 1903


89. " Lakhu bhaskariyam " is related to

Mathematics Astronomy


Grammar CD) Astrology


90. Which is the biggest literary Award in Malayalam?

Vallathol Award Vayalas Award


Odakkuzhal Award Ezhuthachan Award


91. In which place Chattampi Swamikal attained" Samadhi "

Kannammula Panmana


Vaikala CD) Kollam


92. In which district our spiritual leader and social reformer Sree Narayan Guru was born

Kollam Thiruvananthapuram


Kottayam CD) Alappuzha


A 13 114/2015 [P.T.O.]
93. Father of the king Marthanda Varma was: Raja Raja Varma Kerala Varma Valiya koyithamburan
Kilimanoor Koyithamburan Raja Ravi Varma
94. Who is popularly known as " Bharatha Kesari "

Kesari Balakrishna Pillai T.K. Madhavan


Mannathu Padmanabhan K.Kelappan


95. " Bala Ramayanam " was written by

Kumaranasan Kalidhasan


Ezhuthachan Ulloor S. Parameswarayyar


96. Who is popularly known as "Kelara Kalidasan"?

Kerala Varma Pazhassi Raja


Kodungalloor Kunjikullan Tampuran


Vallathol Narayana Munru


Kerala Varma Vahija Koilthamburan


97. The river which flows through "Silent Valley" is

Chandragiri Puzha Kunthipuzha


Chaliyar Kabani


98. The first Hydro electric project in Kerala was:

Pallivasal Idukki


Malampuzha Kallada


99. Whose birthday is celebrating 3:s " National Educational day" in India?

Joseph Mudassery Mahatma Gandhi


Moulana Abdul Kalam B.R. Ambedkar


100. Who wrote" A System of National Education'?

Tagore Aravind Ghosh


Swami Vivekanandan SriSankaracharyar


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114/2015