Solved Paper Sr. Assistant Accountant Postcode-513 HPSSC Hamirpur : In this post we have share A solved paper of senior assistant accounts post code 513 of HPSSSB Hamirpur. This paper will help all of you for upcoming related exams. Also Read : Solved Paper Post Code-687
Solved Paper Sr. Assistant Accountant Postcode-513, 2017
1. निम्न में से कौन सा भारत की राजकोषीय नीति का प्रमुख उद्देश्य नहीं है?
A रोजगार अवसर को बढ़ावा देना
B आय और संपत्ति में असमानता कम करना
C आय में स्थिरता को बढ़ावा देना
D आर्थिक व्यवस्था में तरलता को बढ़ाना
2. जो कंपनियां विविधता वाली चीज उत्पादित करती है और बेचती है वह सामान्य रूप से क्या पालन करती है?
A लागत प्लस प्राइसिंग
B सीमांत कीमत
C स्कीमिंग प्राइसिंग
D उत्पादन लाइन कीमत
3.Which one of the following is not a method of studying Association of attributes?
A concurrent deviation method
B proportion method
C Yule’s method
D Co-efficient of contingency
4. a set of data can be distinguished from other set of data by means of
A Central value and dispersion
B Central value, dispersion and skewness
C Central value, dispersion skewness, kurtosis
D none of these
5. The classical organisation theory treats organisation as an
A open system
B closed system
C technical system
D macro system
6. Which of the following is not identified as an element of the Mega environment?
A technological factors
B Legal political situations
C socio-cultural factors
D organisational culture
7. What does the term third sector refer to?
A The high Technology industries
B the service sector
C the voluntary section
D small and medium sized Enterprises
8. The competition which satisfy a particular category of Desire is called
A Brand competition
B product from competition
C generic competition
D none of these
9.A Joint venture is always a type of
A strategic Alliance
B a distribution agreement
C e marketing agreement
D none of these
10. a significant reduction in aggregate economic activity is known as a
A budget deficit
B business cycle
C recession
D trough
11. Economic planning is an essential feature of
A capitalist economy
B socialist economy
C mixed economy
D dual economy
12. FEMA Signifies
A free export management act
B foreign exchange management act
C foreign exchange monitoring act
D free export marketing act
13. forms of mixed economy consists of
A public sector
B private sector
C Co-operative sector
D all of these
14. which of the following is not a part of machinery that settles Industrial disputes?
A wages court
B works committee
C conciliation officers
D Board of conciliation
15. CENVAT is associated with
A direct tax
B income tax
C indirect tax
D Service tax
16.National Stock Exchange of India certified by
A Finance ministry
B SEBI
C Companies Act
D RBI
17. the pre-liberalisation era of Indian economy was under grip of
A unemployment era
B under employment
C fiscal deficit
D unfavourable and alarming balance of payment
18.The term financial assets includes all of the following except-
A technical knowledge
B bank loan
C lease obligations
D shares, Bonds, and debentures
19.Asset which does not require provisions for depreciation?
A land
B leased assets
C live stock
D loose tools
20. accommodation bills are generally for
A genuine trade reasons
B for mutual financial accommodation
C to help augment money supply
D all of these
21.Vertical analysis of financial statement is also known as
A dynamic analysis
B static analysis
C structural analysis
D both A and B
22. Noting charges are paid to the notary public by
A drawer of the bill
B endorser
C Bank
D all of these
23 .FIFO method is advisable during a period of
A rising prices
B falling prices
C constant prices
D fluctuating prices
24. provision for discount on creditors will always show a Debit balance
A True
B false
C incomplete statement
D none of these
25.Under sum of Year digit method, depreciation year by year
A increase
B decrease
C remains constant
D none of these
26. Which of the following is not a capital receipts?
A Receipt from sales
B Fees Received for service
C interest on investment
D All of these
27. Net investment is equal to the
A Saving
B Investment less saving
C Gross Investment minus depreciation
D Gross investment plus depreciation
28.Where is the closing stock appearing in the trial balance is shown ?
A Trading A/c and Balance Sheets
B Balance Sheets
C Trading A/c
D Profit and Loss A/c
29. In the perpetual inventory system, stock taking is/are
A Periodical
B Continuous
C Both A and B
D None of these
30. Which method results in a lower valuation of inventory and lower income during a period of rising prices?
A Simple average
B Weighted average
C FIFO
D LIFO
31. According to AS-6 Depreciation Accounting, Issued by the ICAI change in the method is permitted
A Prospectively
B Retrospectively
C Negatively
D All of these
32.Expenditure which result in an increase in the earning capacity of a business is
A Capital Expenditure
B Revenue Expenditure
C Deferred Revenue Expenditure
D All of these
33.In case of renewal of the bill, interest is calculated for the period of
A Fresh Bill
B original bill
C Both A and B
D 3 Months
34. If there is an error in a nominal account it shall directly effect
A profit and loss A/c
B Balance sheet
C Both A and B
D none of these
35. Which of the following is affected by improper valuation of inventory ?
A profitability
B financial position
C Both A and B
D Cash inflow
36. Accounting standards can override statute.
A True
B False
C incomplete statement
D none of these
37. Manish, an accountant has wrongly debited sales account by 200 rs. Instead of crediting it by rs. 200, what type of error it is?
A Error of omission
B Error of principle
C Error of recording
D Error of posting
38. Which of the following accounting equations is not correct?
A Assets-Liability=Equity
B Assets-Equity=Liability
C Assets+Liability=Equity
D Liability+Equity=Assets
39. Which of the following statements is correct?
A Increase in liability are credits and decreases are debits.
B Increase in assets are credits and decrease are debits.
C increase in expenses are credit and decrease are debits.
D none of these.
40. Which of the following statements is/are correct?
A Dual aspect concept assumes an indefinite life of the equity.
B In Accounting accrual basis is used for recording of transaction
C Both A and B
D None of these
41.Which one of the following is not the tool of Management Accounting ?
A Standard costing
B budgetary control
C human resource accounting
D decision accounting
Directions Q 42-47: in the question given below are two statements labelled assertion A and reason R. examine both the statements, carefully and select the answer of these items using the code given below:
Codes:
A. both A and R are true and R is the correct explanation of A
B. both A and R are true, but R is not the correct explanation of A
C. A Is true but R is false
D. A is false, but R it is true
42. Assertion A : accounting helps to provide information to the various parties
Reason R : accounting aims to meet the information needs of the decision makers..
Ans: B
43. Assertion A : accounting principles are static
Reason R: Accounting Principles do not ignore quantitative information.
Ans: C
44.Assertion A : cost accounting helps the management in exercising control over cost.
Reason R : financial accounting helps in providing qualitative information.
Ans: D
45. Assertion A : Accounting Principles are not feasible.
Reason R : Accounting Principles can be applied without under complexity or cost.
Ans: A
46. Assertion A :conservatism is a policy of playing safe.
Reason R : conservatism convention suggest early anticipation of losses.
Ans: C
47. Assertion A :Only cash transaction are recorded in the cash book.
Reason R : cash book is book of primary entry.
Ans: C
48.Goodwill brought in by new partner in cash is called
A capital
B loan
C drawing
D premium
49. what type of account is is revaluation account?
A personal account
B nominal account
C real account
D none of these
50. the intern relation of the partners between themselves is that of
A family friends
B business Associates
C agents of each other
D close relatives
51.Capital gearing ratio denotes the relationship between
A debentures and share capital
B Assets and capital
C loan and capital
D equity shareholders fund and long term borrowed funds
52. the discount allowed on reissue of forfeited share is debited to
A share capital account
B profit and loss account
C capital Redemption reserve account
D Forfeited share account
53. A company can redeem preference shares
A at par
B at premium
C out of free reserves
D all of these
54. Why is the cash budget prepared?
A it helps in cash management
B it helps in preparing balance sheets
C it is legally compulsory
B both A and B
55. sale of investment in marketable securities means
A a source of funds
B an application of funds
C no flow of funds
D none of these
56. an examination of of the sources and uses of funds is a part of
A fund flow analysis
B forecasting technique
C ratio analysis
D calculation for preparing the balance sheet
57. What does financial leverage means?
A high degree of solvency
B use of more debt capital to increase profit
C low Bank Finance
D none of these
58. Which budget is prepared first of all?
A cash budget
B master budget
C Budget for the key factor
D flexible budget
59. What does a low stock turnover indicate?
A managerial efficiency
B solvency
C over investment in stock
D all of these
60. in proper capital budgeting analysis we evaluate incremental
A cash flow
B accounting income
C earnings
D operating profit
61. Prime cost plus factory overhead cost is
A Conversion cost
B production cost
C total cost
D cost of goods sold
62. what is not included in quick assets?
A cash
B inventory
C gold
D advance for supply of raw materials
63. price earning ratio is useful to whom?
A short term creditors
B long-term creditors
C shareholders
D both A and B
64. responsibility accounting is a technique of
A planning
B cost control
C planning and cost control
D none of these
65. fund flow refers to change in
A application
B source
C both A and B
D Working capital
66. the concept of budget that require all level to work from scratch is
A flexible budget
B Total budget
C master budget
D zero base budget
67. in the context of standard costing, Basic standard is established for
A short period
B current period
C indefinite period
D pre defined period
68. demand for luxury goods is
A elastic
B inelastic
C infinity
D none of these
69. goods which are paradoxical to the law of demand are
A giffen good
B substitute goods
C complementary goods
D none of these
70. for inferior commodities, income effect is
A zero
B negative
C infinite
D positive
71.Utility means
A power to satisfy a want
B usefulness
C willingness of a person
D harmfulness
72. free entry and exit of firms is the feature
A monopoly
B oligopoly
C perfect competition
D monopolistic competition
73. all the following curves are U shaped except
A AVC curve
B AFC curve
C AC curve
D MC curve
74. A graph of cumulative Frequency distribution is called
A ogive
B Frequency polygon
C pie diagram
D histogram
75. schedules help us in collecting
A primary data
B secondary data
C qualitative data
D none of these
76. chunk sampling is also known as
A quota sampling
B convenience sampling
C judgement sampling
D cluster sampling
77. which of the following is not a mathematical average?
A median
B arithmetic mean
C Geometric mean
D harmonic mean
78. F- test is a
A variance test
B probability test
C factor test
D none of these
79. Which of the following is a database management system?
A MS Access
B MS Excel
C MS Outlook
D none of these
80. the first electronic computer was developed in?
A 1920
B 1930
C 1935
D 1940
81. management includes
A production
B marketing
C auditing
D co-ordination
82. which of the following is not a part of strategic planning?
A objectives
B social responsibility
C purposes and mission
D choice of business
83. Need hierarchy theory of motivation was given by ?
A F Herzberg
B Peter F drucker
C A.H maslow
D W.G Scott
84. leadership is the part of
a planning
b organising
c directing
d staffing
85. marketing is
A qualitative process
B logical process
C mathematical process
D managerial process
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