1. 'Nails used in furniture manufacturing' is an example

(A)Consumable stores


(B)Indirect material


(C)Direct material


All the above


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

(A)Cost audit


Financial audit


(C)Social audit


Technical audit


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


(A)Income tax


(B)Preliminary expense


(C)Abnormal idle time


Normal loss


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

(A)Service centre


Cost centre


(C)Profit centre


Product centre


5. Goodwill


(A)Good reputation


Intangible asset


(C)Fictitious asset


Ability to earn super profit


6. Dilapidation is concerned with

(A)Leasehold asset


Wasting asset


(C)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.




5,000





1,000


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

(A)Creditors ledger


Debtors ledger


(C)Nominal ledger


None of these


9. Financial derivatives are useful in

(A)Hedging risk


Arbitrage


(C)Speculation


All the above


10. ASBA system protects the investors from:

(A)Denial of allotment


(B)Loss of interest


(C)Inflation


(D)Loss of capital


11. Load in mutual fund is connected with:

(A)Open ended scheme


Income scheme


(C)Close ended scheme


Growth scheme


12. NPV method is superior to IRR because:

(A)Multiple IRR


(B)Comparability


Ratio


(D)All the above


13. Red-herring prospectus is associated with:

(A)Budla T+3 Settlement


(C)Book building Offer for sale


14. Kerb dealing is now not relevant because:

(A)Online trading


Off-market deals


(C)Regional stock exchanges


OTCEI


15. The powers of CCI is merged with:

(A)SCRA


(B)DFHI


(C)SEBI


(D)Company Law Board


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

(A)Market value


(B)NAV


(C)NAV Load


(D)NAV-Load


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

(A)Ex-right price


(B)Cum-right price


(C)Value of right


All the above


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

(A)Trustee


Sponsour


(C)AMC


Custodian




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

(A)CRISIL


(B)ICRA


(C)CARE


(D)IBCA Ltd


20. An indenture means:

(A)Debenture Trust Deed


(B)Association of debenture holders


(C)Ability of debt servicing


Fund for redemption of debentures


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

(A)Capital gain


(B)Dividend


(C)Voting right


(D)Bonus shares


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

(A)Revenue expense


Drawings


(C)Capital expenditure


Off-balance sheet item


23. Live stock in the case of mixed farming is

(A)Fixed asset


(B)Tangible asset


(C)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:

(A)20,000


(B)18,000


(C)15,000


(D)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

(A)10,740


(B)22,740


(C)14,740


(D)17,260


26. Under debtors system branch account is a account.

(A)Real


(B)Nominal


(C)Personal


(D)Debtors


27. Consignment account is a account.

(A)Real


(B)Nominal


(C)Personal


(D)Revenue



28. Salary outstanding account is account.


(A)Representative personal


(B)Personal


(C)Real


(D)Nominal


29. Insurance of factory building is cost.

(A)Period


(B)Variable


(C)Semi-variable


(D)Uncontrollable


30. Which of the following is a costing system?

(A)Marginal costing


Direct costing


(C)Contract costing


Uniform costing


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

(A)Process costing


(B)Job costing


(C)Batch costing


(D)Operation costing


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

(A)FIFO


(B)LIFO


(C)Average cost


(D)Inflated price


33. Inventory includes:

(A)Stock of raw materials


(B)Stock of work-in-progress


(C)Stock of finished goods


(D)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:

(A)Spoilage


(B)Defective


(C)Wastage


(D)Scrap


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

(A)Average cost


FIFO


(C)LIFO


Market price


36. If sales during the first quarter is Rs.1,00,000, sales during the second quarter is Rs.1,30,000, profit for the first quarter is Rs.30,000, profit during the second quarter is Rs.45,000 and fixed cost is Rs.30,000, the Break Even sales is Rs

(A)90,000


(B)60,000


(C)70,000


(D)85,000



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

arc Dr

To Salaries


(B)Discount received a/c Dr

To PIL a/c


(C)Sales a/c Dr

To Trading ale


(D)Closing stock a/c Dr

To Trading a/c


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

(A)Sales a/c


(B)Debtors a/c


(C)Creditors a/c


All the above


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

(A)Cash system


Mercantile system


(C)Accounting information system


Tax accounting sub-system


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

(A)Going concern


Revenue recognition


(C)Business entity


Money measurement


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

(A)Preference shares


Bonds


(C)SPN


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


4


43. Which of the following is the most suitable one in averaging variables expressed in compound units?

(A)Harmonic mean


(B)Geometric mean


(C)Median


(D)Mean


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

(A)Standard deviation


Coefficient of determination


(C)Coefficient of alienation


Coefficient of variation



45. The reversal of debit and credit rules of real, personal and nominal accounts will hamper:

(A)Agreement of trail balance


Agreement of balance sheet


(C)Universal understandability


Preparation of P/L a/c


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:


S


1-2 root S/C


1-2 root C/S


S


47. is used to judge the main activity of a business concern.

(A)Gross profit


(B)Operating profit


(C)Net profit


(D)EBIT


48. Insurance business in India is regulated and controlled by

(A)IRDA


(B)SEBI


(C)SCRA


(D)IDFC


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

(A)PIL appropriation a/c


Revaluation a/c


(C)Realisation a/c


PIL adjustment a/c


50. Purchase of a machinery on credit is recorded in

(A)Purchase day book


(B)Purchases account


(C)Journal proper


(D)Cash book


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

(A)Trade discount


Cash discount


(C)Depreciation


Expenses outstanding


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

(A)Bad debts


(B)Advance paid by customers


(C)Discount allowed


(D)Return of empties before making full payments

53. Which of the following is not a formula for margin of safety?


(A)Profit/P/v ratio


(B)Profit/V/C ratio


(C)Present sales -Actual sales


(D)profit/1-V/C ratio


54. Which of the following is not a part of inventory carrying cost?

(A)Interest


(B)Insurance


(C)Carriage inwards


(D)Obsolescence


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

(A)ABC


(B)CIE


(C)JIT


(D)VED


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

k





k





57. A company with high PIE Ratio is normally expected to

(A)have low earnings potential


good for investment


(C)have high potential growth in market value


(D)pay high dividends in future


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

(A)Decision criterion in capital budgeting


(B)Capital structure decision


(C)Evaluating financial performance of the management


(D)Rate of return expected by the owners


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

(A)Defensive


(B)Leveraged


(C)Aggressive


(D)Global minimum variance


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

(A)Mutual funds


Venture capital


(C)Bridge financing


Merchant banking



61. The relation P01 XP10 1 should be satisfied of index numbers.

(A)Unit


(B)Factor reversal


(C)Time reversal


(D)Circular


62. The correlation between attributes is calculated by using:


(A)Karl Pearson's coefficient


(B)Spearman's coefficient


(C)Sign test


(D)Coefficient of concurrent deviations


63. If r x,y sigma2x and byx find sigma y




(B)13.5


(C)8.64


(D)4.5


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

(A)Trend


(B)Seasonal variation


(C)Random variation


(D)Cyclical fluctuation


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

(A)Brokers


(B)Jobbers


(C)Remisiers


(D)DPs


66. A valid documents are usually used in

(A)Factoring


(B)Merchant banking


(C)Underwriting


(D)Forfeiting


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

(A)Modigliani and Miller


Walter


Ezra Solomon


(D)William Sharpe


68. SEBr has got statutory powers in

(A)1988


(B)1991


(C)1992


(D)1997


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


(A)Relative frequency


(B)Empirical


(C)Subjective


(D)Classical



70. The effect of wealth maximization objective of financial management is ultimately reflected in

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?

(A)VISA


(B)Rupe


(C)Mastercard


(D)Smartcard


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

(A)CRISIL


(B)ICRA


(C)CIBIL


(D)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?

(A)DSCR


(B)ICR


(C)FCCR


(D)DTR


74. Financial leverage shows the effect of changes


(A)Turnover on EBIT·


(B)Turnover on EPS


(C)EBIT on EPS


(D)Interest charges on EBIT


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


(A)Self-actualization, social and esteem needs


(B)Social, esteem and social needs


(C)Physiological and safety needs


(D)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"

F L Breach


(B)Peter F. Drucker


(C)Keith Davis


(D)Max Weber



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 income

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


(A)Rs. 65,000 and Rs. 68,000


(B)Rs. 68,000 and Rs. 65,000


(C)Rs. 44,000 and Rs. 47,000


(D)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

(A)360 degree evaluation


(B)Peer evaluation


(C)Parallel evaluation


(D)Continuous evaluation


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

(A)Deemed


(B)Non taxable


(C)Exempted


(D)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

(A)ADARB


(B)AIDA


(C)DAGMAR


(D)ADCAI


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

(A)Article 331


(B)Article 24


(C)Article 324


(D)Article 148


82. The CAG of India is appointed by

(A)The president


(B)The prime minister


(C)MHRD


(D)Election commission


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

(A)1st November 2001


June 2005


(C)1st April 2010


(D)4th August 2009



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

(A)Lord Warren Hasting


(B)Lord Delhousi


(C)Lord Wellasly


(D)Lord Curson


85. " Sadhu Jana Paripalana Sangham" was founded by

(A)Sree Narayana Guru


(B)Poikayil Kumara Gurudhevan


(C)Subhananda Swamikal


(D)Ayyankali


86. "Channar Lahala is popularly" known as

(A)Kallumala Samaram


(B)Mukkuthy Samaram


(C)Melmundu Samaram


(D)Achi pudava Samaram


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

(A)Vaikkom Satyagraha


(B)Nivarthana Agitation


(C)Civil Disobedience


(D)Malayali Memorial


88. 'Vivekodayam' Magazine was published in the year

(A)1905


(B)1904


(C)1958


(D)1903


89. " Lakhu bhaskariyam " is related to


(A)Mathematics


(B)Astronomy


(C)Grammar


(D)Astrology


90. Which is the biggest literary Award in Malayalam?

(A)Vallathol Award


(B)Vayalas Award


(C)Odakkuzhal Award


(D)Ezhuthachan Award



91. In which place Chattampi Swamikal attained" Samadhi "

(A)Kannammula


(B)Panmana


(C)Vaikala


(D)Kollam


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

(A)Kollam


(B)Thiruvananthapuram


(C)Kottayam


(D)Alappuzha



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 "

(A)Kesari Balakrishna Pillai


(B)T.K. Madhavan


(C)Mannathu Padmanabhan


(D)K.Kelappan


95. " Bala Ramayanam " was written by

(A)Kumaranasan


(B)Kalidhasan


(C)Ezhuthachan


(D)Ulloor S. Parameswarayyar


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


(A)Kerala Varma Pazhassi Raja


(B)Kodungalloor Kunjikullan Tampuran


(C)Vallathol Narayana Munru


(D)Kerala Varma Vahija Koilthamburan


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

(A)Chandragiri Puzha


(B)Kunthipuzha


(C)Chaliyar


(D)Kabani


98. The first Hydro electric project in Kerala was:

(A)Pallivasal


(B)Idukki


(C)Malampuzha


(D)Kallada


99. Whose birthday is celebrating as " National Educational day" in India?

(A)Joseph Mudassery


(B)Mahatma Gandhi


(C)Moulana Abdul Kalam


(D)B.R. Ambedkar


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

(A)Tagore


(B)Aravind Ghosh


(C)Swami Vivekanandan


(D)SriSankaracharyar