Select your Domain: Finance/Accounts

 

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Question 1: Net Realisable Value of an asset means [Finance/Accounts]

  1. None of the above
  2. Its written down value as on a particular date
  3. The historical cost of the asset

Question 2: Transfer to General Reserve is a charge against [Finance/Accounts]

  1. Balance Sheet
  2. Profit and Loss Account
  3. Trading Account

Question 3: Quick ratio is 1.8:1, current ratio is 2.7:1 and current liabilities are Rs 60,000. Determine value of stock. [Finance/Accounts]

  1. None of the above
  2. Rs 1,62,000
  3. Rs 60,000�

Question 4: Which of the following is not a cash inflow? [Finance/Accounts]

  1. �Sale of fixed assets
  2. Issue of shares
  3. Decrease in debtors

Question 5: The capacity variance arises when [Finance/Accounts]

  1. None of the above
  2. There are less working hours than the budgeted working hours
  3. There are more working hours than the budgeted working hours

Question 6: Time value of money indicates that [Finance/Accounts]

  1. None of the above
  2. There is no difference in the value of money obtained today and tomorrow
  3. A unit of money obtained today is worth less than a unit of money obtained in future

Question 7: Business Plans designed to achieve the organisation objective is called [Finance/Accounts]

  1. Corporate Development Plan
  2. Human Resource forecasting
  3. Human Resource Planning

Question 8: Which one of the following is correct [Finance/Accounts]

  1. A ratio is an arithmetical relationship of one number to another number
  2. Liquid ratio is also known as acid test ratio
  3. Role of thumb for current ratio is 2: 1

Question 9: A newly established company cannot be successful in obtaining finance by way of [Finance/Accounts]

  1. none of the above
  2. issue of preference share
  3. issue of equity capital

Question 10: Determine Margin of safety if Profit is Rs 15,000 and P/V ratio is 40% [Finance/Accounts]

  1. None of the above
  2. Rs 38,000
  3. Rs 33,000

Question 11: When contribution is positive but equal to fixed cost,� [Finance/Accounts]

  1. There will be neither profit nor loss
  2. There is loss more than fixed costs
  3. There is loss equal to fixed costs

Question 12: Given Net profit for the year Rs 2,50,000 transferred to general reserves Rs 40,000 and old machinery bought for Rs 50,000 was sold for Rs 20,000. Calculate funds from operations. [Finance/Accounts]

  1. Rs 3,00,000
  2. Rs 2,90,000
  3. Rs 2,20,000

Question 13: Return on Proprietors funds is also known as:� [Finance/Accounts]

  1. Return on Shareholders Investment
  2. Return on Shareholders fund
  3. Return on net worth

Question 14: Management accountancy is a structure for [Finance/Accounts]

  1. Management
  2. Accounting
  3. Costing

Question 15: �If the nominal rate of interest is 10% per annum and there is quarterly compounding, the effective rate of interest will be: [Finance/Accounts]

  1. 10.25% per annum
  2. 10.10% per annum
  3. 10% per annum

Question 16: Using equation method, Break-even point is calculated as� [Finance/Accounts]

  1. None of the above
  2. �Sales = Variable expenses - Fixed expenses + Profit
  3. Sales = Variable expenses + Fixed expenses - Profit

Question 17: �A company is producing product T on a machine. The selling price of T is Rs 100, marginal cost is Rs 60 and machine takes 20 hours to produce T. The company uses a component H which can be made on same machine in 3 hours for a marginal cost of Rs 5. Component can also be bought from the market for Rs 10. What will be the final result if the company decides to by component H from market? (Machine is fully utilized [Finance/Accounts]

  1. Savings of Rs 5
  2. Loss of Rs 1
  3. �Loss of Rs 5

Question 18: �Given selling price is Rs 10 per unit, variable cost is Rs 6 per unit and fixed cost is Rs 5,000.��What is break-even point?� [Finance/Accounts]

  1. None of the above
  2. 1,000 units
  3. 500 units

Question 19: �During the year, a business was bought by issue of Rs 25,000 debentures and Rs 25,000 shares.��The business bought had machine worth Rs 20,000, Debtors Rs 15,000, Stock Rs 5,000 and Creditors Rs 5,000. Determine the effect of this transaction on flow of funds.� [Finance/Accounts]

  1. �None of the above
  2. Neither inflow nor outflow
  3. Net outflow of Rs 15,000

Question 20: Return on Investment Ratio (ROI) = [Finance/Accounts]

  1. (Net profit / Sales) x 100
  2. (Gross profit x Sales / Fixed assets) x 100
  3. (Gross profit / Net sales) x 100

Question 21: A Low Return on Investment Ratio (ROI) indicates [Finance/Accounts]

  1. None of the above
  2. Over investment in assets
  3. Improper utilization of resources

Question 22: Which of the following is not one of the four basis financial statements? [Finance/Accounts]

  1. The statement of cash flows
  2. The income statement
  3. The balance Sheet

Question 23: Which of the following is true regarding the income statement? [Finance/Accounts]

  1. The income statement reports the financial position of a business at a particular point in time.
  2. The income statement only reports revenue for which cash was received at the point of sale
  3. The income statement reports revenue, expenses, and liabilities

Question 24: Which of the following is false regarding the balance sheet? [Finance/Accounts]

  1. The balance sheet reports the amount of assets, liabilities, and stockholders equity of a business at a point in time.
  2. The retained earning balance shown on the balance sheet must agree with the ending retained earning balance shown on the statement of retained earnings.
  3. �The accounts shown on a balance sheet represent the basic accounting equation for a particular business.

Question 25: If a company incorrectly records a payment as an asset, rather than as an expense, how will this error affect net income in the current period? [Finance/Accounts]

  1. Its a mystery; nobody really knows
  2. Net income will not be affected by this error
  3. Net income will be too low

Question 26: When should a company report the cost an insurance policy as an expense? [Finance/Accounts]

  1. When the company receives payments from the insurance company for its insurance
  2. When the company pays for the policy
  3. When the company first signs the policy

Question 27: When expenses exceed revenues in a given period, [Finance/Accounts]

  1. �One cannot determine the impact on stockholders equity without information about the specific revenue
  2. Stockholders equity will be increased
  3. Stockholders equity will not be impacted

Question 28: Which account is least likely to be debited when revenue is recorded? [Finance/Accounts]

  1. Unearned
  2. �Cash
  3. Accounts receivable�

Question 29: Which of the following is the entry to be recorded by law firm when it receives a payment from a new client that will be earned when service are provided in the future? [Finance/Accounts]

  1. Debit unearned revenue; credit cash
  2. Debit unearned revenue; credit legal service revenue
  3. Debit accounts receivable; credit legal services revenue�

Question 30: Long term capital loss can be set off from which of the following [Finance/Accounts]

  1. Income from salary
  2. Income from business or profession
  3. Short term capital gain only

Question 31: Aggregate amount of deduction under section 80C cannot exceed [Finance/Accounts]

  1. 2,50,000
  2. 2,00,000
  3. 1,00,000

Question 32: In the calculation of return on shareholders investments the referred investment deals with [Finance/Accounts]

  1. All appropriations
  2. Preference and equity capital only
  3. All reserves

Question 33: Which of the following is the test of the long term liquidity of a business? [Finance/Accounts]

  1. Current ratio
  2. Operating ratio
  3. Stock turnover ratio

Question 34: Dividing the net profit by the paid up amount of equity share capital yields� [Finance/Accounts]

  1. None of the above
  2. Earning per share
  3. Temporary investment

Question 35: All capital expenditures and receipts are taken to [Finance/Accounts]

  1. None of the above
  2. Trial balance
  3. Trading and Profit and Loss Account

Question 36: Choose the correct statement: [Finance/Accounts]

  1. AS - 6 is silent on the question of providing depreciation on land
  2. According to AS - 6, depreciation is not to be provided on land under any situation
  3. According to AS - 6, depreciation is to be provided on land

Question 37: Goods withdrawn by the proprietor for his personal use are [Finance/Accounts]

  1. Added to the purchases
  2. Treated as sales at cost price
  3. Shown as a deduction from the sales

Question 38: Which one of the following is an example of sources of funds? [Finance/Accounts]

  1. Increase in fixed assets
  2. Decrease in long-term liabilities
  3. Decrease in share capital

Question 39: The current ratio of a company is 2: 1. Which of the following suggestions would improve the ratio? [Finance/Accounts]

  1. To give an interest-bearing promissory note to a creditor to whom money was owed on current account
  2. To purchase stocks for cash
  3. To pay a current liability

Question 40: Capital gearing ratio indicates the relationship between [Finance/Accounts]

  1. debentures and share capital
  2. loans and capital
  3. assets and capital

Question 41: In a certain code, COMPUTER is written as RFUVQNPC. How is MEDICINE written in the same code ? [Reasoning]

  1. MFEDJJOE
  2. EOJDJEFM
  3. EOJDEJFM�

Question 42: After walking 6 km, I turned to the right and then walked 2 km. After then I turned to the left and walked 10 km. In the end, I was moving towards the North. From which direction did I start my journey? [Reasoning]

  1. North
  2. West
  3. East

Question 43: In a certain code language, if the value of 28 + 14 = 50 and 36 + 43 = 63, then what is the value of 44 + 52 =? [Reasoning]

  1. 54
  2. 58
  3. 62

Question 44: In a certain code FLOWER is coded as 36 and SUNFLOWER is coded as 81, then how to code FOLLOWS? [Reasoning]

  1. None of these
  2. 72
  3. 64

Question 45: Choose the word that is a necessary part of the "book" word. [Reasoning]

  1. picture
  2. fiction
  3. learning

Question 46: Melt : Liquid :: Freeze : [Reasoning]

  1. Ice
  2. Condense
  3. Push

Question 47: In alphabet series, some alphabets are missing which are given in that order as one of the alternatives below it. Choose the correct alternative. adb _ ac _ da _ cddcb _ dbc _ cbda [Reasoning]

  1. bbcad
  2. ccbba
  3. cbbaa

Question 48: 6, 12, 1, 13, 5 is to flame as 2, 12, 15, 1, 20 is to ? [Reasoning]

  1. castle
  2. blade
  3. voice

Question 49: Clock : Time :: Thermometer : ? [Reasoning]

  1. Radiation
  2. Energy
  3. Heat

Question 50: Look at this series: 58, 52, 46, 40, 34, ... What number should come next? [Reasoning]

  1. 32
  2. 30
  3. 26

Question 51: Look at this series: 664, 332, 340, 170, ____, 89, ... What number should fill the blank? [Reasoning]

  1. 132
  2. 85
  3. 198

Question 52: Complete the series ZA5, Y4B, XC6, W3D, _____ [Reasoning]

  1. E7V
  2. VE5
  3. V2E

Question 53: Going 50 m to the South of her house, Jai turns left and goes another 30m. Then, turning to the North, she goes 20m and then starts walking to her house back. In which direction is she walking now? [Reasoning]

  1. South-East
  2. North
  3. East

Question 54: A3P means A is the mother of P A4P means A is the brother of P A9P means A is the husband of P A5P means A is the daughter of P Which of the following means that K is the mother-in-law of M? which direction he is facing now ? [Reasoning]

  1. M9N3K4J
  2. K5J9M3N
  3. K3J9N4M

Question 55: If A + B means A is the mother of B; A - B means A is the brother B; A % B means A is the father of B and A x B means A is the sister of B, which of the following shows that P is the maternal uncle of Q? [Reasoning]

  1. Q - S % P
  2. P + S x N - Q
  3. Q - N + M x P

Question 56: Which word does NOT belong with the others? [Reasoning]

  1. Gutar
  2. Voilin
  3. Cello

Question 57: Statements: Some books are pens. No pen is pencil. Conclusions: I. Some books are pencils. II. No book is pencil [Reasoning]

  1. Either Conclusion follows
  2. Conclusion II follows
  3. Conclusion I follows

Question 58: Statements: All fish are tortoise. No tortoise is a crocodile. Conclusions: I. No crocodile is a fish. II. No fish is a crocodile. [Reasoning]

  1. Conclusion I follows
  2. Conclusion II follows
  3. Neither Conclusion follows

Question 59: Statements: Some doctors are fools. Some fools are rich. Conclusions: I. Some doctors are rich II. Some rich are doctors. [Reasoning]

  1. Either Conclusion follows
  2. Conclusion II follows
  3. Conclusion I follows

Question 60: Statements: No women teacher can play. Some women teachers are athletes. Conclusions: I Male athletes can play. II Some athletes can play. [Reasoning]

  1. Either Conclusion follows
  2. Conclusion II follows
  3. Conclusion I follows

Question 61: Find the odd one out - glib [English Language]

  1. urbane
  2. neat
  3. fluent

Question 62: Double Fillers : Poetry is the language of the imagination and the ________. It relates to whatever gives ________ pleasure or pain to the human mind. [English Language]

  1. palpable. . . . .�shocking
  2. inexhaustive. . . . .�wondrous
  3. thinking... permanent

Question 63: He ________ to the audience in a soft but confident tone all ________ had happened. [English Language]

  1. penetrating. . . . .�blunt
  2. tedious. . . . .�cognizant
  3. explained... whatever

Question 64: Sachin _____ a bit ______ he was not invited by his friend to attend the party. [English Language]

  1. great. . . . .�Conclusion
  2. disposition. . . . .�inferences
  3. expressed... than

Question 65: The police _______ any attempt of arson by ______ at the trouble spot quite in time. [English Language]

  1. delightful. . . . .�prolific
  2. grievous. . . . .�generous
  3. memorable. . . . .�liberal��

Question 66: Error Detection- The chief guest (1) / entered into(2)/ the room (3)/No error (4) [English Language]

  1. 4
  2. 3
  3. 1

Question 67: The furniture�s (1)/ had become(2)/ old and rusty (3)/ No error (4) [English Language]

  1. 2
  2. 3
  3. 4

Question 68: Neither my sister nor my brothers(1)/are interested(2)/in moving to another house(3)/No error (4) [English Language]

  1. 3
  2. 2
  3. 1

Question 69: They agreed(1)/to repair the damage(2)/freely of charge(3)/No error(4) [English Language]

  1. 4
  2. 2
  3. 1

Question 70: Information technology training can help managers determine the impact of new technologies and how to ____. [English Language]

  1. adept
  2. adopt
  3. accept

Question 71: Technology is constantly ____, and it seems that there is a new application released every day [English Language]

  1. aspiring
  2. holding
  3. revolving

Question 72: The concept ____ sustainable development can be interpreted in many different ways. [English Language]

  1. on
  2. at
  3. off

Question 73: All too often, development is driven by one particular need, without fully considering the ___ or future impacts. [English Language]

  1. wide
  2. widest
  3. None

Question 74: The longer we pursue ___ development, the more frequent and severe its consequences are likely to become. [English Language]

  1. None
  2. untenable
  3. unsuitable

Question 75: What does this foreign language phrase used in English mean- 'ex gratia' [English Language]

  1. enlighten us
  2. existing condition
  3. It is snow

Question 76: What does this foreign language phrase used in English mean- 'faux pas' [English Language]

  1. unconditional authority to act
  2. to a sickening degree
  3. an unacceptable person

Question 77: What does this idiom mean - 'Rain on someone's parade' [English Language]

  1. you have to work for what you wan
  2. to not hold someone responsible for something
  3. do the thing you've been wanting to do so you can move on

Question 78: What does this idiom mean - 'The elephant in the room' [English Language]

  1. to joke with someone
  2. something special
  3. something unusual

Question 79: Find the odd one out - vitriol [English Language]

  1. harsh
  2. hostile
  3. relentless

Question 80: Find the odd one out - nefarious [English Language]

  1. abominable
  2. evil
  3. wicked

Question 81: "Double Fillers : The ________ imposed for non-payment was too _______ for it to bring in improvement in collection." [English Language]

  1. stark. . . . .�surprising
  2. stature. . . .�assumptions
  3. punishment... harsh

Question 82: Unless the authorities adopt the principle_____ the strategies cannot become______. [English Language]

  1. flamboyant. . . . .�rapacious
  2. imprudent. . . . .�glorious
  3. stark. . . . .�surprising

Question 83: Children are more ____ than adults, it is _______ their quickness in learning a new language. [English Language]

  1. stark. . . . .�surprising
  2. flamboyant. . . . .�rapacious
  3. imprudent. . . . .�glorious

Question 84: Due to ______ rain All this year, there will be ______ cut in water supply. [English Language]

  1. resolute. ..�lachrymose�
  2. imprudent. . . . .�glorious
  3. flamboyant. . . . .�rapacious

Question 85: No sooner did he see (1)/ the traffic policeman (2)/ he wore seat belt (3)/No error (4) [English Language]

  1. 4
  2. 2
  3. 1

Question 86: Which of the following is the first life insurance company in India? [General Awareness]

  1. United India Insurance
  2. New India Assurance
  3. LIC

Question 87: ________ is an insurance to cover problems associated with travelling, generally including trip cancellation due to illness, lost luggage and other incidents. [General Awareness]

  1. �Inland Marine Insurance
  2. Kidnap/Ransom Insurance
  3. Nursing Home Insurance

Question 88: Which bank has the largest branch network [General Awareness]

  1. ICICI Bank
  2. HDFC Bank
  3. Punjab National Bank

Question 89: What is the name of capital of Zimbabwe [General Awareness]

  1. Manama
  2. Kabul
  3. Nassau

Question 90: The Reserve Bank of India (RBI) has notified withdrawal of legal tender of 500 and 1000 rupees denominations of Banknotes of the existing series issued by RBI with effect from which date [General Awareness]

  1. 10-Nov-16
  2. 05-Nov-16
  3. 07-Nov-15

Question 91: Who regulates finance market in India ? [General Awareness]

  1. Ministry of finance
  2. Ministry of trade and commerce
  3. Reserve bank of India

Question 92: What is the minimum number of directors in a public limited company? [General Awareness]

  1. 2
  2. 7
  3. 5

Question 93: In SWOT analysis, �S� stands for what? [General Awareness]

  1. None of these
  2. Smart card
  3. Strategies

Question 94: Where is the Headquarter of IRDAI? [General Awareness]

  1. Mumbai
  2. Kolkata
  3. Delhi

Question 95: Which national park in India became the first tiger reserve in India? [General Awareness]

  1. Sariska National park
  2. Kaziranga National park
  3. Sundarban National park

Question 96: The Indian Council of Medical Research recently launched the �MERA India' to eliminate which disease by 2030? [General Awareness]

  1. Tuberculosis
  2. Dengue
  3. Typhoid

Question 97: What is 'financial inclusion�? A. Easy access to bank accounts for safe parking of savings B. Availability of cheap credits through appropriately designed loans for poor and low-income households and small entrepreneurs C. Availability of basic financial products like insurance [General Awareness]

  1. Only A
  2. Both A and B
  3. Only B

Question 98: With which of the following organisation, the Government of India on June 27, 2019 signed a Loan Agreement of $400 Million to expand the coverage and the quality of interventions for the control of Tuberculosis (TB)? [General Awareness]

  1. World Health Organization
  2. International Monetary Fund
  3. Asian Development Bank

Question 99: India has adopted its Parliament system of government from----------- [General Awareness]

  1. USA
  2. UAE
  3. Netherland

Question 100: The headquarters of World Food Programme was located in [General Awareness]

  1. California
  2. Washington
  3. Arizona

Question 101: The headquarters of International Atomic Energy Agency is located in [General Awareness]

  1. Geneva
  2. London
  3. Washington

Question 102: Which of the following is the correct option of BEP [General Awareness]

  1. Bit Error Probability
  2. Break-Even Part
  3. Black Eyed Peas

Question 103: Maximum transfer limit per day under IMPS is [General Awareness]

  1. 25 thousand
  2. 4 lakhs
  3. 10 lakhs

Question 104: Regional Rural Banks (RRBs) are managed by? [General Awareness]

  1. Board of respective RRBs
  2. Sponsoring Bank
  3. Reserve Bank of India

Question 105: Where is the headquarter of OPEC? [General Awareness]

  1. Geneva
  2. Manila
  3. Paris

Question 106: A boat running upstream takes 8 hours 48 minutes to cover a certain distance, while it takes 4 hours to cover the same distance running downstream. What is the ratio between the speed of the boat and speed of the water current respectively? [Numerical and Computer]

  1. Cannot be determined
  2. 2:1
  3. 3:2

Question 107: A boat can travel with a speed of 13 km/hr in still water. If the speed of the stream is 4 km/hr, find the time taken by the boat to go 68 km downstream. [Numerical and Computer]

  1. 5 hours
  2. 3 hours
  3. 2 hours

Question 108: Robert is travelling on his cycle and has calculated to reach point A at 2 P.M. if he travels at 10 kmph, he will reach there at 12 noon if he travels at 15 kmph. At what speed must he travel to reach A at 1 P.M.? [Numerical and Computer]

  1. 14 kmph
  2. 11 kmph
  3. 8 kmph

Question 109: 8 litres are drawn from a cask full of wine and is then filled with water. This operation is performed three more times. The ratio of the quantity of wine now left in cask to that of the water is 16 : 65. How much wine the cask hold originally? [Numerical and Computer]

  1. 42 litres
  2. 32 litres
  3. 18 litres

Question 110: What least number must be added to 1056, so that the sum is completely divisible by 23 ? [Numerical and Computer]

  1. 3
  2. 18
  3. 21

Question 111: Look at this series: 2, 1, (1/2), (1/4), ... What number should come next? [Numerical and Computer]

  1. (1/16)
  2. (2/8)
  3. (1/3)

Question 112: Three unbiased coins are tossed. What is the probability of getting at most two heads? [Numerical and Computer]

  1. 3/8
  2. 1/4
  3. 3/4

Question 113: You have an investment proposition in front of you where you would invest 150 dollars in a project and after 2 years you can sell the investment. You would earn 5% paid annually. How much would you have at the end of year 2? [Numerical and Computer]

  1. 171.3
  2. 155.1
  3. 199.4

Question 114: 3 pumps, working 8 hours a day, can empty a tank in 2 days. How many hours a day must 4 pumps work to empty the tank in 1 day? [Numerical and Computer]

  1. 11
  2. 10
  3. 9

Question 115: What do you mean by one to many relationship between Teacher and Class table? [Numerical and Computer]

  1. Many teachers may have many classes
  2. Many classes may have many teachers
  3. One class may have many teachers

Question 116: Which operator is used to compare a value to a specified list of values? [Numerical and Computer]

  1. ALL
  2. ANY
  3. BETWEEN

Question 117: Which among following first generation of computers had ? [Numerical and Computer]

  1. Magnetic Tape and Transistors
  2. All of above
  3. Integrated Circuits

Question 118: If a computer provides database services to other, then it will be known as ? [Numerical and Computer]

  1. FTP server
  2. Application server
  3. Web server

Question 119: Who was the Founder of Bluetooth ? [Numerical and Computer]

  1. Apple
  2. Steve Jobs
  3. Martin Cooper

Question 120: What is full form of SMPS ? [Numerical and Computer]

  1. Storage Mode Power Shortage
  2. Storage Mode Power Supply
  3. Simple Mode Power Supply

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