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The Post of Panchayat Accounts Assistant Syllabus

  • Marks: 120         Time: 02:00 Hours 
  • S. No.
  • Topic
  • Marks
  • 01.
  • General Knowledge with special reference to J&K
  • 30
  • 02.
  • Mathematics/Statistics
  • 10
  • 03.
  • General Economics
  • 10
  • 04.
  • Knowledge of Computer Applications
  • 30
  • 05.
  • Accountancy and Book Keeping
  • 30
  • 06.
  • Science
  • 10
  • Total
  • 120
  • General Knowledge with special reference to J&K
  • Popular names of personalities (Religion, Politics, Scientific discoveries, Geographical, Sports, History)
  • Constitution of India – Formation, Fundamental rights, Directive principles.
  • 73rd amendment of constitution of India.
  • Centrally Sponsored Schemes- Guidelines and objectives.
  • Important Tourist Destinations.
  • History of J&K- places and their importance.
  • Sustainable Development Goal.
  • Agriculture in economic development, industrialization and economic development.
  • Panchayati Raj Act, 1989 (as amended upto October, 2018 and rules)
  • Climate and crops in J&K and India.
  • Current events of Local, National and International
  • Mathematics/ Statistics
  • Theory of Probability.
  • Tabulation and compilation of data.
  • Methods of collecting primary and secondary data.
  • Theory of Attributes- Basic concept and their applications.
  • Sampling and Non Sampling errors.
  • Analysis of Time Series components.
  • Demography- Census, its feature and functions.
  • Vital Statistics- Measures of fertility, Measures of Mortality, specific fertility rates, gross and net reproduction rates.
  • Set Theory- Basic Concepts and Applications.
  • Matrices & Determinants, simultaneous Linear Equations.
  • Analytical Geometry.
  • General Economics
  • Introduction of Economics- Basic concept and Principles.
  • Gross Domestic Product (GDP) and Budgeting including own resource generation and budgeting for Panchayat.
  • Fiscal Policy, Meaning, Scope and Methodology.
  • Growth and development: – Meaning, Scope, Difference & Relevance.
  • Inflation; Meaning, Types, Effects
  • Production, cost and efficiency.
  • Factors of production and laws.
  • Demand analysis.
  • Theory of Consumers demand using in difference curve technique.
  • Pricing under various forms of Markets.
  • Concept of Gram Panchayat Development Plan (GPDP)
  • Knowledge of Computer Applications
  • Introduction and Objectives.
  • Basic Applications of Computer and its component.
  • Bringing computer to life.
  • Fundamentals of computer sciences.
  • Hardware & Software, Concept of Open Source Technologies.
  • Input & output Devices.
  • Knowledge of MS Word, MS Excel, MS Access, MS Powerpoint, PDF Internet and E- mail.
  • Concept of Computer Virus and Latest Anti-Virus.
  • Terms and Abbreviation used in IT.
  • Accountancy and Book Keeping
  • Introduction to Financial Accounting and its terms.
  • Accounting equation and Journal.
  • Voucher Approach in Accounting.
  • Bank reconciliation Statement.
  • Financial Management/Statements.
  • Partnership Accounts.
  • Ledger Accounts.
  • Cash Book, Financial Audit.
  • Elements of Double entry Book Keeping.
  • Rules for journalizing.
  • Trial Balance.
  • Trading Account.
  • Profit Loss Account and Balance Sheet.
  • Concept of Social Accounting, Social Audit and cash based single entry system of accounting.
  • Public Financial Management System (PFMS).
  • Science
  • Biology– Important Inventions and their inventor; Important and Interesting facts about human body parts; Nutrition in Animals and Plants; diseases and their causes like bacteria; Viruses and Protozoa.
  • Chemistry– Chemical Properties of Substance and their uses; Chemical name of Important substances like Plaster of Paris etc.; Chemical Change and Physical Change; Properties of Gases; surface Chemistry; Chemistry in Everyday life.
  • Physics– Important inventions and their inventor; S.I Units; Motion; Sound; light; Wave; energy; Electricity.
  • 1) Which of the following two high quality crops are extensively cultivated in the Jammu region of Jammu and Kashmir?
  1. A) Mushrooms & Soybeans
  2. B) Saffron and Zeera
  3. C) Mustard and Peas
  4. D) Basmati and Rajmash
  • 2) Which of the following options is the longest all-weather road Tunnel that has enabled increase in trade and tourism in the union Territory of Jammu and Kashmir?
  1. A) Banihal Qazigund Road Tunnel
  2. B) Sangaldan Tunnel
  3. C) Jawahar Tunnel
  4. D) Dr. Syama Prasad Mookerjee Tunnel
  • 3) Match the Crops in List-I with their Largest Producing States in List-il (As per the Agricultural Statistics at a Glance 2018 Report).
  • List-I
  • List-II
  • i) Cotton
  • a) Uttar Pradesh
  • ii) Sugarcane
  • b) Karnataka
  • iii) Sunflower
  • c) Gujarat
  • iv) Rice
  • d) Rajasthan
 
  • e) West Bengal
  1. A) (i)-(e),(ii)-(a),(iii)-(b),(iv)-(c)
  2. B) (i)-(c),(ii)-(b),(iii)-(a),(iv)-(d)
  3. C) (i)-(c),(ii)-(a),(iii)-(b),(iv)-(e)
  4. D) (i)-(c),(ii)-(a),(iii)-(b),(iv)-(d)
  • 4) As per the NTI Aayog`s 2019 -2020 SDG India report, Jammu and Kashmir leads in which two categories of Sustainable Development Goals ?
    A) No poverty and Gender equality
    B) Sustainable cities and Communities
    C) Sustainable consumption and Production
    D) Zero Hunger and Reduced Inequality
  • 5) According to Jammu and Kashmir, Panchayati Raj Act, 1989 which of the following options is INCORRECT with reference to powers and Functions of the Block Development council ?
    A) Conduct the elections of panchayats and wards as prescribed in the act
    B) Supervise plans relating to agriculture, rural development animal Husbandry, education and public health
    C) Administrative and technical guidance to Halqa Panchayats and review of their work
    D) Construction, maintenance and supervision of Inter-Halqa Panchayat Communication system
  • 6) According to the Jammu and Kashmir Panchayati Raj Act, 1989, “Halqa Majlis” means:
    A) All the voters of a Halqa Panchayat
    B) The area comprising a village
    C) All the villages of a Halqa Panchayat
    D) The area comprising a Halqa
  • 7) By which amendment act of the Indian Constitution, was the ‘Right to Education’ made a fundamental right?
    A) 86th Constitution Amendment Act, 2002
    B) 80th Constitution Amendment Act, 2000
    C) 90th Constitution Amendment Act, 2003
    D) 85th Constitution Amendment Act, 2002
  • 8) Dhanidhar fort, a historical monument is located in which of the Following districts of Jammu and Kashmir?
    A) Poonch
    B) Rajouri
    C) Anantnag
    D) Baramulla
  • 9) A traditional Gondola type lightweight rowing boat ride which is famous on the pristine Dal Lake in Kashmir is referred to as :
    A) Gandola ride
    B) Tonga ride
    C) Shikara ride
    D) Coracle ride
  • 10) As per the NITI Aayog’s SDG Index which of the following. range of the scores is used to classify the States/ UT’s under the Category of ‘Performer’?
    A) 20-49
    B) 50-64
    C) 65-80
    D) 81-100
  • 11) Under the National Saffron Mission, a India International Kashmir Saffron Trade Centre (IIKSTC) has been set up to Kashmir Saffron Trade Centre(IIKSTC) has been set up to ensure saffron produced in the state is sold, graded and Exported to various countries in a transparent and hassle free manner. This centre is located at:
    A) Mandji in Sopore.
    B) Dusoo in Pampore
    C) Kathsu in Pahalgam
    D) Bali in Udhampur
  • 12) Who among the following personalities served as the last prime minister and the first Chief Minister of Jammu and Kashmir?
    A) Bakshi Ghulam Mohammad
    B) Syed Mir Qasim
    C) Ghulam Mohammed Sadiq
    D) Sheikh Mohammad Abdullah
  • 13) “To provide enhanced insurance cover to the handloom weavers in the case of the natural as well as accidental death and in cases of total of partial disability”
  • This is the objective of which of the following centrally sponsored schemes launched In Jammu and Kashmir?
    A) Niramaya Health Insurance Scheme
    B) Indira Gandhi National Disability Pension Scheme
    C) Mahatma Gandhi Bunker Yojna
    D) Antyodaya Anna Yojana
  • 14) Read the following statements with reference to 73rd Amendment of Constitution of India and choose the CORRECT option.
    (i) Every Panchayat, unless sooner dissolved under any law for the time being in force, shall continue for a term of six years from the date appointed for its first meeting.
    (ii) An election to constitute a Panchayat shall be completed before the expiration of a period of six months from the date of its dissolution
  1. A) (i) is TRUE and (ii) is TRUE
    B) (i) is TRUE and (ii) is FALSE
    C) (i) is FALSE and (ii) is TRUE
    D) (i) is FALSE and (ii) is FALSE
  • 15) In 2015, the Government of India approved which National Highway Project in the region of Ramban and Banihal that will provide all-weather Connectivity from Jammu to the Kashmir valley?
    A) NH-42
    B) NH- 44
    C) NH-46
    D) NH-45
  • 16) Who among the following is first female president of European Commission ?
    A) Harinder Sidhu
    B) Anne Slaughter Andrew
    C) Kolinda Grabar-Kitarovic
    D) Ursula Gertrud von der leyen
  • 17) With effect from 1st April 2020, Oriental Bank of Commerce and Union Bank of India have been merged into which of the following banks?
    A) Canara Bank
    B) Punjab National Bank
    C) Union Bank of India
    D) State Bank of India
  • 18) The provisions contained in Part IV of the Indian Constitution shall not be enforceable by any court but it shall be the duty of the State to apply these in making laws. Which of the following options is being referred to?
    A) Directive Principles of State policy
    B) Relations between the Union and the States
    C) Fundamental Duties
    D) Fundamental Rights
  • 19) This is one of the Mughal Gardens in Srinagar built by Emperor Jahangir and is well known for its chini khanas (arched niches) behind garden water falls.
  • Identify the garden
    A) Chashma Shahi Garden
    B) Pari Mahal
    C) Ghulam Bhawan
    D) Shalimar Bagh
  • 20) According to the Jammu and Kashmir Panchayat Raj Act, 1989 (as amended up to October, 2018 and rules), who shall be the Secretary of the Halqa Panchayat?
    A) Any person elected by Halqa Panchayat
    B) Block Development Officer
    C) Village level worker or Multipurpose worker
    D) Any elderly worker or Officer of the Panchayat
  • 21) Hot, dry oppressing winds blowing in the northern plains from Punjab to Bihar, sub-tropical regions of Jammu are called :
    A) Nor Westers
    B) Kalbaisakhi
    C) Mango shower
    D) Loo
  • 22) Who among the following is NOT a political leader from Jammu and Kashmir?
    A) Farooq Abdullah
    B) Jitendra Singh
    C) Mehbooba Mufti
    D) Ghulam Nabi Firaq
  • 23) Identify the Cricketer from the given list, who represent India in One-day International.
    A) Shubham Khajuria
    B) Parvez Rasol
    C) Mithun Manhas
    D) Abid Nabi
  • 24) Identify the INCORRECT option with reference to the objectives of the Jammu and Kashmir Rural Employment Generation Programme (JKREGP)
    A) To harness and develop the entrepreneurial skills among the rural unemployed youth of the state
    B) To provide livelihood security to households in rural areas by providing not less than 100 days of guaranteed wage employment in financial year
    C) To mobilize the bank finance for establishment of village industries sector of the state on modern lines
    D) To generate employment opportunities in rural areas of the state through setting up of new self-employment ventures or projects or village industries enterprises
  • 25) In October 2019, `Sangam Youth Festival` was organized by the Indian Army in collaboration with Jammu University at which of the following places? 
    A) Udhampur
    B) Jammu
    C) Rajouri
    D) Bhadarwah
  • 26) Who among the following political leaders served as Sadr-e-Riyasat and also as the first Governor of Jammu and Kashmir?
    A) Biraj Kumar Nehru
    B) Lakshmi Kant Jha
    C) Karan Singh
    D) Girish Chandra Saxena
  • 27) From the options provided below, identify the Prime Minister of the state of Jammu and Kashmir during the reign of Maharaja Hari Singh.
    A) Prithvi Nath Dhar
    B) Mufti Mohammad Syed
    C) Mehr Chand Mahajan
    D) Mian Bashir Ahmed
  1. In August 2017, the Supreme Court declared that Right to Privacy is a fundamental right and it is intrinsic to Right to life and Personal Liberty, guaranteed under which Article of the Indian Constitution?
    A) Article 17
    B) Article 21
    C) Article 19
    D) Article 40
  1. According to 73rd amendment of Constitution of India , what is Proportion of seats reserved for women of Scheduled Castes and Scheduled Tribes at each tier of the Panchayati Raj System ?
    A) One-third of the total number of seats reserved
    B) Two-fifth of the total number of seats reserved
    C) One-fourth of the total number of seats reserved
    D) One-fifth of the total number of seats reserved
  1. This magnificent palace served as the royal residence of the rulers of the Dogra dynasty until 1925 and is one of the famous tourist attractions in Jammu. Identity the fort/palace from the following options.
    A) Hari Niwas Palace
    B) Bahu Fort
    C) Mubarak Mandi
    D) Akhnoor Fort
  1. Which of the following is true about the sampling error?
    A) It decreases as sample size increases
    B) It does not depend on population size under study
    C) It cannot be reduced by an appropriate sampling plan
    D) It cannot be measured and controlled in probability sample survey
  1. Let us assume set A=(1,2,3,4), set B=(3,4,5,6,7), find the Symmetric difference of set A and set B?
    A) {12,3,4,5,6,7}
    B) {5,6,7}
    C) {1,2,3,4}
    D) {1,2,5,6,7}
  1. A car manufacturing company is having a demand of 100 cars in the month of September, 200 cars in the month of October, 300 cars in the month of November and 400 cars in the month of December. which one of the given options represent a 3 month moving average for the month of January?
    A) 300
    B) 350
    C) 400
    D) 450
  1. Let us assume that a student is chosen from a random sample of 80 students out of which 30 have opted for Maths, 20 opted for physics, and 10 have opted for both Maths and Physics. Find the probability that the student has opted for Either Maths or Physics?
    A) ½
    B) 1 ½
    C) 2 ½
    D) 3 ½
  • 35) Which of the following is a method used for collecting Secondary data?
    A) Experiments
    B) Personal Interview
    C) Questionnaire
    D) Government Publications
  •  
  • 36) In a town the number of men is 151,781, 326 and the number of women is 156,964, 212. Which of the option given below represent the demographic sex ration correctly
  1. A) 97.6
    B) 96.7
    C) 98.2
    D) 95.3
  • 37) Which one of the given options is an answer for the length of the line segment, given that the coordinates of A is (2,2) and B is (9,11).
    A) 9.4
    B) 11.4
    C) 13.4
    D) 15.4
  • 38) What happens to the shape of a frequency polygon when the number of observations and classes increase?
    A) Tends to become jagged
    B) Remains the same
    C) Tends to become increasingly smooth
    D) Varies if data becomes more reliable
  •  
  • 39) If N = 200, which of the options match the ultimate class Frequencies, given that there are two independent attributes A=100 and B=140?
    A) 60
    B) 70
    C) 80
    D) 90
  •  
  • 40) One of the options given below represents a state with the highest Negative decadal population growth based on the census data of India 2011. Which of the options is correct?
    A) Kerala
    B) Goa
    C) Nagaland
    D) Tamil Nadu
  • 41) From the following options, identify the reason, best Suited why underdevelopment countries make a fiscal Policy?
    A) Reduce labor taxes, especially at low income levels
    B) Accelerate the rate of capital formation and investment
    C) Provide well-designed tax incentives that reduce the cost of capital.
    D) Increase the potential output as a major advanced and Emerging market economies
  • 42) When two goods are perfectly complementary, the indifference curve
    A) intersects each other
    B) is L shaped
    C) is a straight line
    D) is concave at the origin
  • 43) Which of the following options points to a demand for one product as a consequence of demand for a parent product?
    A) Company Demand
    B) Composite Demand
    C) Short-term
    D) Derived Demand
  • 44) Which one of the following options represent already spent expenses by a firm but are not recorded in the account books?
    A) Sunk costs
    B) Uncontrolled Costs
    C) Implicit costs
    D) Explicit costs
  • 45) In the law of variable proportion, the second stage of Production ends when
    A) The total production rises at an increasing rate
    B) The total production rises at a diminishing rate
    C) The total production starts decreasing
    D) The total production is maximum possible
  • 46) Which of the following is example of variable cost?
    I) Rent
    II) Utility cost
    III) Employee salaries
  1. A) Only I
    B) Only II
    C) Both I and II
    D) Both II and III
  • 47) The Gram Panchayats have been mandated for the Preparation of Gram Panchayat Development plans (GPDP). The people’s plan Campaign for preparing GPDP for 2020-21 was initiated under
    A) Sabki Yojana Sabka Vikas
    B) Pardhan Mantri Kaushal Vikas Yojana
    C) Pardhan Mantri Adharsh Yojana
    D) Mission Indradhanush
  • 48) Prime Minister Narender Modi launched which Among the following campaigns with an objective To incentivize States to devolve 3Fs (functions, funds and functionaries) panchayats?
    A) Rashtriya Gram Swaraj Yojana
    B) Deendayal Antyodya Yojana
    C) Rashtriya Swasthya Bima Yojana
    D) Pradhan Mantri Gram Sadak Yojana
  • 49) When a commodity is sold at a lower price in “Foreign Markets and at a higher price in “Domestic markets” then The strategy is known as
    A) Price Ceiling
    B) Dumping
    C) Multi plant monopoly
    D) Peak Load Pricing
  • 50) The cost Inflation Index is mainly used to compute:
    A) Business income
    B) Long term capital gain
    C) Short term capital gain
    D) Income from other sources
  •  
  • 51) Which of the following is the cheap, Secure and easiest Way of storing huge volume of digital data and can be Accessed from anywhere by using internet
  1. A) Store the data as Physical record
  2. B) Store the data in cloud
    C) Store the data in external hard disks
  3. D) Store the data in local system
  • 52) Which of the following statements is NOT true about Control Unit of a Computer?
  1. A) It transfers data to Arithmetic and logical Unit
  2. B) it fetches results from memory to output devices
  3. C) It is a component of a SMPS
  4. D) It directs flow of data within CPU
  • 53) A spurious  computer program that replicated itself at a swift pace is called ______________.
  1. A) trojan horse
  2. B) bombs
  3. C) worms
  4. D) cracks
  • 54) What is FTP in Data communication?
  1. A) File Transport Provider
  2. B) File Transfer Protocol
  3. C) File Tracing Process
  4. D) File Transfer Programming
  • 55) What is the full form JPEG with respect to image file formats?
  1. A) Joint Photo Experts Group
  2. B) Joint Photographic Experts Group
  3. C) Joint Photo Experts Graphics
  4. D) Joint Photo Efficient Group
  • 56) Which of the following is an Input device of the computer?
  1. A) Projector
  2. B) Plotter
  3. C) Printer
  4. D) Barcode Scanner
  • 57) Supercomputers are used in which of the following Areas?
  • (I) Weather forecasting
  1. II) Quantum mechanics
  • III) Oil and gas exploration
  1. A) Only I
  2. B) I and II
  3. C) II and III
  4. D) I,II and IIl
  • 58) Which one among the following MS Excel functions is used Tate Mode. extra spaces from a cell/string?
  1. A) LEN
  2. B) TRIM
  3. C) REPLACE
  4. D) SPACE
  • 59) BIOS is the program which helps to initialize the hardware during computer booting process. What is the full form of BIOS?
  1. A) Basic Input Output System
  2. B) Biased Intel Operating system
  3. C) Basic Input Operating System
  4. D) Basic Input Operating server
  • 60) What does ASCII stand for?
  1. A) American Standard Code For Information Interchange
  2. B) American Standard Code For International information
  3. C) American Standard Computer For Integrated information
  4. D) American Standard Computer For Internation interface
  • 61) Which one of the following is called as primary memory of a computer?
  1. A) RAM
  2. B) External Hard Disk
  3. C) Pen drive
  4. D) CD/DVD Drive
  • 62) What does www stand for?
  1. A) Wide World Web
  2. B) World Wide Webmaster
  3. C) World Wide Web
  4. D) Wide Web World
  • 63) SSD is a new generation of storage device used in computers
  1. A) Solid-State Drive
  2. B) Storage-State Drive
  3. C) Solid-Storage Drive
  4. D) Simple-Storage Drive
  • 64) Which of the following is NOT an open-source Operating System?
  1. A) Windows
  2. B) FreeBSD
  3. C) Android
  4. D) Linux
  • 65) Which of the following is NOT feature of primary memory
  1. A) it is accessed directly by the processor
  2. B) it is the fastest memory available
  3. C) its contents are lost once powder is switched off
  4. D) it is non-volatile
  • 66) Match the following
  • GROUP A
  • GROUP B
  • 1. Operating System
  • a. Google
  • 2. Search Engine
  • b. Opera
  • 3. Web Browser
  • c. Avast
  • 4. Antivirus
  • d. Linux
  1. A) 1-c,2-b,3-a,4-d
  2. B) 1-d,2-c,3-a,4-b
  3. C) 1-b,2-a,3-c,4-d
  4. D) 1-d,2-a,3-b,4-c
  • 67) What does “HTTP” stand for?
  1. A) Hypertext twisted pair
  2. B) Hypertext Transfer protocol
  3. C) Hyperlink Transfer placard
  4. D) Hyperlink Transfer protocol
  • 68) Which among the following is NOT an antivirus software?
  1. A) Norton
  2. B) McAfee
  3. C) AVG
  4. D) Trojan Horse
  • 69) Laser printing is an electrostatic digital printing process What is the unit of printing speed in laser printer?
  1. A) Digits per second
  2. B) Digits per line
  3. C) Lines per page
  4. D) Pages per minute
  • 70) Which one of the following is a shortcut key to start a slide show From the beginning in MS PowerPoint?
  1. A) F5
  2. B) F3
  3. C) F6
  4. D) F8
  • 71) Which of the following is/are computer application(s)?
  1. I) Data processing
  2. II) Business Transactions
  • III) Video conferencing
  1. A) Only I
  2. B) Only II
  3. C) I and III
  4. D) I,II and III
  • 72) What is the function of CTRL +B in MS-Word?
  1. A) It converts the selected text to bold
  2. B) The selected text appears in italics
  3. C) it underlines the selected text
  4. D) it changes the selected text color to blue
  • 73) What is the full form of VPN with respect to networking?
  1. A) Virtual peer Network
  2. B) Virtual Private Network
  3. C) Virtual Public Network
  4. D) Virtual Protected Network
  • 74) Which of the following is referred as a process of Training a computer system to make accurate predictions When fed data?
  1. A) Machine Learning
  2. B) CPU Learning
  3. C) Bootstrapping
  4. D) Data Process
  • 75) A program or piece of code that is loaded onto your computer Without your knowledge and runs against your wishes is called as __________.
  1. A) Software
  2. B) Anti-virus
  3. C) Hardware
  4. D) Computer Virus
  • 76) Which one of the following software is an e-mail client?
  1. A) Microsoft Internet Explorer
  2. B) Windows 98
  3. C) Microsoft Power Point
  4. D) Microsoft Outlook
  • 77) Which among the following is the input device used Specially for checking the answer sheets of an examination having multiple choice question?
  1. A) Bar Code Readers
  2. B) Optical Character Reader
  3. C) Magnetic Ink Card Reader
  4. D) Optical Mark Reader
  • 78) Convert the below Decimal value to its equivalent in Binary?
    12
    A) 1100
    B) 1101
    C) 1110
    D) 1111
  • 79) Which of the following is/are the main function(s) of an Operating system?
  1. i) Manage the Processor and assign tasks which are to performed
  2. ii) Allocated memory and storage areas to the system and user programs and data.
  • iii) Control, co-ordinate various input and output devices.
  1. iv) Accessing world wide web without internet connectivity
  2. A) i & ii Only
    B) i,ii and iii Only
    C) i,ii,iii and iv
    D) iii & iv Only
  • 80) What does IMAP stand for with respect to emailing?
  1. A) Intranet Message Access Protocol
  • 8) Intranet Message Access Path
  1. C) Intranet Mail Access Protocol
  2. D) Internet Message Access Protocol
  • 81) what is the first step of a financial audit?
  1. A) Planning the audit
  2. B) Interviewing the company’s manager to find out what They want the auditors to say in the final report
  3. C) Determining the scope or boundaries, of the audit
  4. D) Conducting surprise cash counts on any point-of-sale registers
  • 82) How do we adjust Direct Deposits by the customer to ascertain the balance as per Pass book. If the starting point of BRS is balance as per Cash book?
  1. A) Added
  2. B) Subtracted
  3. C) Adjusted
  4. D) Not adjusted
  • 83) At the end of financial year 2015-16, the ledger of a Firm shows the following balances to prepare a balance sheet
  1. Capital – Rs.4,00,000/-
  2. Net profit for the year 2015-16- Rs 3,00,000/-
  3. Accrued Income – Rs 1,00,000/-
  4. Provision for taxes – Rs 75,000/-
  5. Cash and Bank account – Rs 1,25,000/-
  6. Investments –Rs 2,00,000/-
  7. Liabilities – Rs 80,000/-
  8. Fixed assets –Rs 4,30,000/-
  • What will be the total of the Balance Sheet?
  1. A) Rs 5,55,000
  2. B) Rs 7,80,000
  3. C) Rs 8,55,000
  4. D) Rs 9,55,000
  • 84) What amount of additional provision for bad and Doubtful debts should be charged to current years P/L Account if the closing balance of debtors is Rs 1,00,000, Opening balance of Provision is Rs 1,000 and the Provision is to maintained at 5% of debtor?
  1. A) Rs. 1,000
  2. B) Rs. 5,000
  3. C) Rs. 4,000
  4. D) Rs. 6,000
  • 85) Depreciation is a
  1. A) Cash operating expenditure
  2. B) Non cash Operating system
  3. C) Cash non operating expenditure
  4. D) Non cash non operating expenditure
  • 86) The public Financial Management System (PFMS) Was earlier known as
  1. A) Central Plan Schemes Monitoring System (CPSMS)
  2. B) Controller General of Accounts (CGA)
  3. C) Central Sector Scheme of Planning Commission
  4. D) Core Banking System (CBS)
  • 87) Drawings must be deducted from
  1. A) Liability
  2. B) Gross Profit
  3. C) Capital
  4. D) Net Profit
  • 88) Wages paid for installation of a new machinery should Be
  1. A) Credited to the Machinery Account
  2. B) Debited to the Machinery Account
  3. C) Credited to the Wages Account
  4. D) Debited to the Wages Account
  • 89) The credit balance of retained earnings statement Represents
  1. A) Undistributed Profit
  2. B) Undisclosed Profit
  3. C) Distributed Profit
  4. D) Unearned Profit
  • 90) Receipt Voucher is
  1. A) Record of purchase of raw material
  2. B) Record of purchase of stationery
  3. C) Record of sale of machinery
  4. D) Record of receipt of cash and bank
  • 91) Drawings account is classified under
  1. A) Real Account
  2. B) Personal Account
  3. C) Impersonal Account
  4. D) Nominal Account
  • 92) What does a Nominal account having debit balance Represent?
  1. A) Income/Gain
  2. B) Cash
  3. C) Asset
  4. D) Expenses/Losses
  • 93) A bank pass book is a copy of
    A) The cash column of a customer’s cash book
  1. B) The bank column of a customer’s cash book
  2. C) The customer account in the bank’s ledger
  3. D) The debtor’s account in the bank’s ledger
  • 94) What is the basic of allocation of carriage inward cost Among pre and post incorporation period?
  1. A) Time
  2. B) Sales
  3. C) Purchase
  4. D) Credit Sales
  • 95) Nominal account is classified under
  1. A) Impersonal Account
  2. B) Real Account
  3. C) Personal Account
  4. D) Representative Personal Account
  • 96) Goods given as charity should be
  1. A) Credited to Purchases account
  2. B) Debited to purchases Account
  3. C) Not recorded in purchase account
  4. D) Credited to sales account
  • 97) Root cause for financial accounting is
  1. A) Social accounting
    B) Management accounting
    C) Human resource accounting
    D) Stewardship accounting
  • 98) Which of the following adjusting double entries is correct for prepaid expenses?
  1. A) Debit = Prepaid Expense, Credit = Expense
  2. B) Debit = Expense, Credit = prepaid Expense
  3. C) Debit = Cash, Credit = Expense
  4. D) Debit = Prepaid Expense, Credit = Cash
  • 99) The biggest strength of PFMS is its integration with the
  1. A) Core defence system in the country
  2. B) Core insurance sector in the country
  3. C) Core social security sector in the country
  4. D) Core banking system in the country
  • 100) Which account is generally used in single entry and incomplete records to obtain the amount of credit sales Made during an accounting period?
  1. A) Accounts Payable Account
  2. B) Total Revenue Account
  3. C) Debtors Account
  4. D) Stocks Account
  • 101) Which one out of the following best explains double entry system?
    A) Purchase increases debit; income decrease credit
    B) Expense increases debit; income decreases credit
    C) Receiver is debit; giver is Credit
    D) Receiver is credit; giver is debit
  1. Income tax paid on business income by a sole proprietor Is
  2. A) debited to trading account
  3. B) debited to profit and loss account
  4. C) deducted from capital account in the balance sheet
  5. D) added to capital account in the balance sheet
  1. The balance remaining after deducting gross profit from Sales is called
    A) Cost of goods Sold
  2. B) Net sales
  3. C) Gross Sales
  4. D) Liabilities
  • 104) A cheque is received from customer and the same is deposited In bank for collection, If it is finally returned dishonored then it will result into
  1. A) customer’s account being credited
  2. B) customer’s account being debited
  3. C) no change in customer’s account
  4. D) no change in bank account
  • 105) Which concept suggests the exclusion of human Resource in balance sheet?
  1. A) Accrual Concept
  2. B) Money Measurement Concept
  3. C) Going Concern Concept
  4. D) Cost Concept
  • 106) “The liability of at least one partner is unlimited whereas the liability of the other partners is limited” What type of partnership is represented here?
  1. A) Partnership at will
  2. B) Limited Partnership
  3. C) General Partnership
  4. D) Particular Partnership
  • 107) Statement of financial position produced from incomplete accounting record is commonly known as
  1. A) Balance sheet
  2. B) Statement of affairs
  3. C) Statement of financial operations
  4. D) Cash flow statement
  • 108) John and James are partners sharing profits equally. Jack enters the partnership and contributes a Land whose Historical cost is Rs 50,000. Book Value is Rs 25,000 and Current Market Value is Rs30,000. By what amount Jack’s Account should be increased?
  1. A) Rs 50,000
  2. B) Rs 30,000
  3. C) Rs 25,000
  4. D) Rs 1,05,000
  • 109) A firm has omitted to record provision for bad and doubtful Debts. How will it impact the financial statement:
    A) Net Profit would decrease
    B) Net profit would increase
    C) Gross profit would be overstated
    D) Gross Profit would be understated
  • 110) Which of the following is excluded from the cost of stock?
  1. A) Carriage inward
  2. B) Import duties
  3. C) Purchases of RAW Material
  4. D) Salary of purchasing staff
  • 111) Which of the following substances is used in cold countries to melt ice accumulated on the roads during winter?
  1. A) Salt
  2. B) Urea
  3. C) Sand
  4. D) Oil
  • 112) Match the following “Names of the electromagnetic Waves given in List-I with the Technological Applications given in List II.
  • LIST-I
  • LIST-II
  • Names of Electromagnetic Waves
  • Technological Applications
  • a. Radio waves
  • 1. Sterilize Medical equipment
  • b. Gamma Rays
  • 2. Photosynthesis
  • c. X-Rays
  • 3. Navigation & Air Traffic Control
 
  • 4. Airpost Scanner
  1. A) a-1; b-2; c-3
  2. B) a-3; b-1; c-4
  3. C) a-2; b-4; c-1
  4. D) a-4; b-2; c-3
  • 113) In humans, there are 13 vitamins which are essential for healthy living. Bleeding of gums and delayed healing of wounds is a deficiency Of which of the following vitamins?
  1. A) VitaminA
  2. B) Vitamin B
  3. C) Vitamin C
  4. D) Vitamin D
  • 114) Earthing wire is used in AC power circuit wiring for protective grounding which color insulation is done over it as per BIS code?
  • AJ Green and Yellow
  1. B) Blue and Brown
  2. C) Black and Red
  3. D) White and Gray
  • 115) Identify the Versatile organ from the facts given below.
  • (I) it is the largest organ in human body
  • (II) It is sensor packed with nerves for keeping the brain in touch with the outside world
  • (III) it manufactures vitamin D for Converting calcium into healthy bones
    (IV) It is the body largest waste removal system
  1. A) The skin
  2. B) The liver
  3. C) The intestines
  4. D) The heart
  • 116) Chandan wants to design a solar furnace that will focus sunlight at one spot to boil water. Which of the following should Chandan use to collect large amount of solar energy?
  1. A) Concave mirror
  2. B) Convex mirror
  3. C) Plane mirror
  4. D) Biconvex mirror
  • 117) Vector borne diseases account for more than 17% of all Infections diseases causing more than 700000 deaths Annually. Which of the following diseases is NOT vector borne?
  1. A) Dengue
    B) Chikungunya
    C) Filariasis
    D) Cholera
  • 118) An amazing fact about firefighter’s uniform is that it can withstand up to 2200°F and protects a person from Concentrated acids and alkali absorption. Hence it is Important to choose the right fire extinguisher to put out fires Which one of the following gases is used to extinguish fire?
  1. A) Hydrogen
  2. B) Butane
  3. C) Methane
  4. D) Carbon Dioxide
  • 119) Have you ever wondered, trucks carrying heavy loads have more than four tyres! This is because more tyres increase the area of contact with the road and this results in reduced pressure on the tyres. Pressure plays an important role in our daily life. Which one of the following is NOT a Unit of pressure
  1. A) Pascal (Pa)
  2. B) Bar (b)
  3. C) Torr (mmHg)
  4. D) Newton (N)
  • 120) Elements are generally available in the earth’s crust. which of the following is a man-made element that is not available naturally in the earth’s crust?
  1. A) Uranium
    B) Thorium
    C) Nobelium
    D) Molybdenum

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