ACCOUNTS MANAGER,APEX CO-OPERATIVE SOCIETIES 18-12-2013

ACCOUNTS MANAGER,APEX CO-OPERATIVE SOCIETIES

EXAM DATE:18-12-2013

PDF FILE DOWNLOAD     DOC FILE DOWNLOAD

1.Depreciation is included as a cost in which of the following techniques:

A.Accounting rate of return*

B.Net Present Value

C.Internal rate of return

D.None of the above

Ans:A

2.IRR would favour project proposals which have:

A.Heavy cash inflows in the early stages of the Project*

B.Evenly distributed cash flows throughout the project

C.Heavy cash inflows at later stages of the project

D.None of the above

Ans:A

3.Multiple IRRs are obtained when:

A.Cash flows in the early stages of the project expected cash flows during the later stages

B.Cash flows reverse their signs during the project*

C.Cash flows are uneven

D.None of the above

Ans:B

4.The largest provider of short term credit for a business is:

A.Banks

B.Suppliers to the firm*

C.Commercial paper

D.None of the above

Ans:B

5.Venture capital finance:

A.Provides finance to high risky venture

B.Provides support in the form of management expertise

C.Provides basically equity finance

D.All the above*

Ans:D

6.The term SPV is associated with:

A.Venture capital assistance

B.Loan syndication

C.Securitisation process*

D.Capital budgeting

Ans:C

7.When a firm advises its customers to mail their payments to special post office collection centres the system is known as:

A.Concentration banking

B.Lock box system*

C.Online banking

D.Playing the float

Ans:B

8.Net working capital is financed out of:

A.Long  term funds*

B.Short term funds

C.Creditors and Bills payable

D.All the above

Ans:A

9.Main objective of financial management is:

A.Profit maximization

B.Revenue maximization

C.Capital maximization

D.Wealth maximization*

Ans:D

10.McGregor calls the scientific management approach as:

A.Theory ‘Y’

B.Management by exception

C.Theory ’x’*

D.None of the above

Ans:C

11.The father of Human relations school of management thought:

A.Henry fayol

B.F.W.Taylor

C.Elton Mayo*

D.McGregor

Ans:C

12.The formula to indicate the principal function of management as given by Gullick:

A.PODSCORB*

B.PODSME

C.PODSCOM

D.POSDCOB

Ans:A

13.The number of subordinates a manager can effectively manage is known as:

A.Efficient management

B.Span of control*

C.Unity of command

D.Balance

Ans:B

14.The process of grouping activities into units for the purpose of administration is known as:
A.Organisation

B.Coordination

C.Departmentation*

D.Divisionalisation

Ans:C

15.The process of dividing the job is known as:

A.Staffing

B.Delegation*
C.Decentralisation

D.Departmentation

Ans:B

16.Elements of scientific management does not include:

A.Standardisation

B.Work study

C.Scientific selection and placement

D.Division of work*

Ans:D

17.Two factor theory is associated with:

A.Leadership

B.Organisation

C.Morale

D.Motivation*

Ans:D

18.’Espirit de corps’principles of management states that:

A.There is need for team work*

B.Labour turnover should be minimized

C.Discipline should be maintained

D.There should be only one superior for a subordinate

Ans:A

19.Expectancy theory of motivation is given by:

A.Herzberg

B.Vroom*

C.Peter and Lawler

D.Maslow

Ans:B

20.Which of the following organization is the oldest?

A.Line*

B.Line and staff

C.Functional

D.Committee

Ans:A

21.Outgoing partner is compensated for parting with firm’s future profits in favour of remaining partners.In what ratio does the remaining contribute to such compensation amount?

A.Gaining ratio*

B.Capital ratio

C.Sacrificing ratio

D.Profit sharing ratio

Ans:A

22.Business man brings in money to start business.The basic concept involved in recording the transaction is:

A.Going concern

B.Periodicity

C.Business Entity*

D.Matching

Ans:C

23.Principle book of recording transation is:

A.Original entry

B.Ledger*

C.Journal

D.Sub divisional journal

Ans:B

24.Real account always indicates:

A.Credit balance

B.Debit balance*

C.NIL balance

D.Any balance

Ans:B

25.Closing stock shown inside the trial balance is:
A.Credited to trading a/c

B.Debited to Profit and Loss a/c

C.Shown in the asset side of Balance sheet*

D.Not considered in the final accounts

Ans:C

26.A credit not is prepared by the business:

A.When goods are taken back from the customer*

B.When goods are returned to suppliers

C.When a/c is to be credited

D.None of the above

Ans:A

27.Which of the following is not part of the balance sheet?

A.Fixtures and Fittings

B.Stock of stationery

C.Unpaid salaries

D.Contingent liability*

Ans:D

28.Wages incurred for erection of machinery is debited to wages a/c.This is an error of:

A.Commission

B.Omission

C.Principle*

D.Posting

Ans:C

29.A company can make further issue of shares to:

A.Public

B.Financial Institutions

C.Debenture holders

D.Existing share holders*

Ans:D

30.Which meeting is held once during the life time of the company?

A.Statutory meeting*

B.Annual general meeting

C.Extra ordinary meeting

D.Creditors meeting

Ans:A

31.Profit on reissue of forfeited shares is transferred to:

A.Profit and loss a/c

B.Capital Reserve a/c*

C.Share capital a/c

D.General reserve a/c

Ans:B

32.Unclaimed dividend is shown in the balance sheet of a company under the head:

A.Current liabilities*

B.Current assets

C.Provisions

D.Reserve and Surplus

Ans:A

33.Which of the following is not a capital reserve?

A.Profits prior to incorporation

B.Dividend equalization reserve*

C.Profit on sale of fixed assets

D.All the above

Ans:B

34.14 Banks were nationalized in the year:

A.1965

B.1982

C.1967

D.1969*

Ans:D

35.Banks which will be established as public limited companies in the private sector is:

A.Rural Banks

B.Gramin Banks

C.Local Area Banks*

D.None of these

Ans:C

36.Inter Bank Transfer System on Real Time Basis is known as:

A.RIGS*

B.CBS

C.EDI

D.Real Time Transfer

Ans:A

37.Selective Credit controls are meant:

A.To regulate credit to specific purposes or specific branches of our economy*

B.To make selective changes in the statutory liquid ratio

C.To increase or decrease the cash reserve ratio

D.All of these

Ans:A

38.A bank a/c with nil balance or very loss minimum balance is called:

A.Current a/c

B.Credit a/c

C.No frills a/c*

D.None of these

Ans:C

39.The Act which facilitated the entry of private sector into life and non life insurance:

A.Insurance Act

B.IRDA Act*

C.LIC Act

D.None of the above

Ans:B

40.What is TRAI?

A.Telecom Regulation Act of India

B.Trade Regulation Act of India

C.Telecom Recognition Authority of India

D.Telecommunication Regulatory Authority of India*

Ans:D

41.The basic nature of Indian Economy:

A.Capitalistic

B.Democratic

C.Socialistic

D.Mixed*

Ans:D

42.The Competition Act 2002 was passed replacing:

A.Banking Regulation Act

B.Sale of Goods Act

C.MRTP Act*

D.None of the above

Ans:C

43.The term EMR is associated with:

A.IRDA
B.GATT

C.The patents ACT*

D.FEMA

Ans:C

44.In new Industrial policy specially empowered board is created for expeditious clearance of foreign investment proposals:

A.FIPB*

B.FDI

C.FIB

D.FEMA

Ans:A

45.Co-operative and public companies are similar in respect of:

A.The liability of members

B.The minimum number of members required for registration

C.The maximum number of members*

D.Method of distribution of profit

Ans:C

46.Profits earned by a co-operative society are distributed:

A.To members in the ratio of capital held by them

B.To members in the ratio of purchases made by them

C.By providing a nominal rate of interest on capital contribution of members and remaining in the ratio of purchase made by members*

D.By declaring dividend at a specific rate and remaining transferring to general reserve

Ans:C

47.Trading in a consumers co-operative store is:

A.On cash basis only*

B.On cash basis for non members and credit facilities for members

C.Credit for members and non members

D.Cash for members

Ans:A

48.The minimum number of members required to register a co-operative society is to:

A.Two

B.Seven

C.Ten*

D.Twenty

Ans:C

49.The basic objective of a co-operative society is to:

A.Earn profits

B.Organise some essential service for the benefit of its members*

C.Organise some essential service for the community at large

D.Arrange for enough quality goods for the community at large

Ans:B

50.An Apex development bank for agriculture and rural development:

A.State co-operative bank
B.Agricultural banks

C.National bank for agricultural and rural development*

D.National bank for agricultural and land development

Ans:C

51.The co-operative movement was started in the year:

A.1964

B.1969

C.1909

D.1904*

Ans:D

52.An organization set up with the objective to promote co-operative marketing of agricultural produce to benefit  the farmers:

A.Marketfed

B.Agrifed

C.NAFED*

D.NABARD

Ans:C

53.The father of India’s white revolution:

A.Varghese Kurien*

B.Lal Bahadur Sastri

C.Amrita Patel
D.None of the above

Ans:A

54.Audit of co-operative societies are conducted:

A.Only by chartered accountant

B.Only by members

C.By cost accountant/chartered accountant

D.By the departmental officers/chartered accountant*

Ans:D

55.The chairman of NABARD:

A.Prakash Bakshi*

B.R.K.Singh

C.Umesh Chandra Saranghi

D.Rakesh Singh

Ans:A

56.Who among the following benefits most form inflation:

A.Creditors

B.Debtors*

C.Pensioners

D.SB a/c holders

Ans:B

57.Accounting for depreciation is dealt in:

A.AS 10

B.AS 14

C.AS 13

D.AS 6*

Ans:D

58.The term depletion is used in relation to:

A.Fixed assets

B.Current assets

C.Intangible assets

D.Wasting assets*

Ans:D

59.Share capital of a company may be reduced by:

A.Board resolution

B.Special resolution*

C.Ordinary resolution

D.Obtaining permission from board

Ans:B

60.Which of the following is not a feature of co-operative society?

A.Open membership

B.One share one vote*

C.One man one vote

D.Cash transactions

Ans:B

61.Which of the following is not a DOS command?

A.cd

B.md

C.rd

D.ed*

Ans:D

62.Which of the following is a page printer?

A.Drum printer

B.Dot matrix printer

C.Inkjet printer

D.Laser printer*

Ans:D

63.Which of the following is an invalid option in Change Case of MS Word?

A.Word case*

B.Sentence case

C.Lower case

D.Upper case

Ans:A

64.Footnotes are created using -----------menu in MS Word

A.Insert

B.Page layout

C.References*

D.Review

Ans:C

65.Which of the following protocol is not associated with e-mail?

A.IMAP

B.IMTP*

C.SMTP

D.POP

Ans:B

66.Identify the program that is not used in search engines:

A.Crawlers

B.Spiders

C.Robots

D.Wikis*

Ans:D

67.Which of the following option does not belong to what-if Analysis of Excel?

A.Data table

B.Group*

C.Goal seek

D.Scenario Manager

Ans:B

68.Which of the following is a financial  function in Excel?

A.PROPER
B.EOMONTH

C.DB*

D.FLOOR

Ans:C

69.Record Narration is used in ----------software

A.MS Word

B.MS Excel

C.MS Powerpoint*

D.Netscape Navigator

Ans:C

70.Choose the invalid Select option in MS Powerpoint

A.Select ALL

B.Select Characters*

C.Select Objects

D.Select Pane

Ans:B

71.-------is used to show mapped network drives

A.Internet Explorer

B.Windows Explorer*

C.Programming menu

D.Control Panel

Ans:B

72.Which of the following does not belongs to Proofing of Excel?

A.Illustrations*

B.Research

C.Thesaurus

D.Translate

Ans:A

73.Select the invalid rotate option in Paint:

A.Rotate left 90⁰

B.Rotate 180⁰

C.Rotate 270⁰*

D.Flip vertical

Ans:C

74.One of the following is not a ROM:

A.EROM*

B.EPROM

C.EEPROM

D.PROM

Ans:A

75.Which option is used to create a large capital letter at the beginning of a paragraph in MS Word?

A.Drop Cap*

B.Capital Word

C.Paragraph case

D.None of these

Ans:A

76.Choose the wrong option in insert group of Wordpad:

A.Picture

B.Table*

C.Date and Time

D.Insert object

Ans:B

77.Which of the following is not a valid presentation view?

A.Slide show

B.Slide master

C.Slide sorter

D.Slide page*

Ans:D

78.Which of the following is not an optical disk?

A.CD

B.DVD

C.Floppy disk*

D.Blue Ray

Ans:C

79.Which of the following is not used a TLD in internet?

A.Mil

B.Int

C.Coop

D.Corp*

Ans:D

80.Choose the invalid transfer protocol:

A.htps*

B.http

C.https

D.shttp

Ans:A

81.Which of the following is not tributaires of river Ganga?

A.Champal

B.yamuna

C.Sone

D.Sutlej*

Ans:D

82.The study of rocks is called:

A.Pedology

B.Geology

C.Petrology*

D.Anthropology

Ans:C

83.Who is known as Bharata kesari?

A.K.Kelappan

B.Sree  Narayana Guru

C.Mannathu Padmanabhan*

D.Ayyankali

Ans:C

84.Point bars are depositional land foms of:

A.Running water*

B.Wind

C.Glaciers

D.Waves

Ans:A

85.Who is called father of Indian unrest?

A.Tantia Tope

B.Bipan Chandrapal

C.Balagangadhara Tilak*

D.Bhagat Singh

Ans:C

86.The department of planning and development was established by the Government of India in:

A.1940

B.1944*

C.1947

D.1950

Ans:B

87.Who introduced Economic Drain Theory?

A.Adam Smith

B.Visweswaraiah

C.Dadabhai Naoroji*

D.Rathan Tata

Ans:C

88.Which year is called the “Year of Divide”in Indian population?

A.1951

B.1963

C.1921*

D.1971

Ans:C

89.India adopted five year plan from:

A.USA
B.USSR*

C.UK

D.Germany

Ans:B

90.Who is regarded as the mother of Indian Revolution?

A.Rani Lakshmi Bhai

B.Hasrath Beegum

C.Sarojini Naidu

D.Madam Bhikaji Cama*

Ans:D

91.Padmanabhapuram Palace is situated in which district?

A.Trivandrum

B.Kollam

C.Kanyakumari*

D.Madurai

Ans:C

92.Who was the volunteer captain of Guruvayur Sathyagraha?
A.K.Kelappan

B.Mannathu Padmanabhan

C.Dr.Palpu

D.A.K.Gopalan*

Ans:D

93.Chattampi Swamikal attained Nirvana at Panmana in:

A.1920

B.1928

C.1924*

D.1921

Ans:C

94.Real name of Rani Lakshmibhai:

A.Manikarnika*

B.Meghavarnika

C.Meerabhai

D.Ritukarnika

Ans:A

95.Quit India movement started during the vicroyality of:

A.Lord Wavel

B.Lord Wellington

C.Lord Mountbatten

D.Lord Lintithgo*

Ans:D

96.Who was the first Indian elected to British Parliament?
A.Surendranatha Banerji

B.Gopala Krishna Gokhale

C.Balagangadharan Tilak

D.Dadabhai Naorojei*

Ans:D

97.Who is the founder of Now Jawan Bharath Sabha?

A.Gandhiji

B.Tilak

C.Bhagat Singh*

D.Chitaranjan Das

Ans:C

98.Safety valve theory related to the formation of:

A.Indian National Congress*

B.Muslim League

C.Swarajist Party
D.HRSA

Ans:A

99.When the sun,moon and earth are at right angle the tide formed is called as:

A.Spring tide

B.Neap tide*

C.Tidal current

D.Surge

Ans:B

100.The unit measurement of atmospheric pressure is:
A.kb

B.mb*

C.ml

D.isobars

Ans:B