Qualifying Test forPromotion to the Position of Assistant Manager

in Kerala State Financial Enterprises Limited

PAPER II

d)n.. irJ', r.,l t 1't (

Date: 03'd November 2013 Time: 12 Noon to 01.30 PMTotal Marks : 100

Choose the best answer from among the options given under each question. All questronscarry equal malks. There are four alten.rative answers for every question. For each wronganswer one fourih (0.25) of the marks assigned to that question will be deducted as penalty. Ifa candidate gii es more than one ansu'er, it will be treated as wrong even if one of the givenanswers happencd to be corect; there will be same penalty of a wrong answer. If a questionis left blank, there will be no penaltl for that question. Candidates may please indicate theiranswers by darkening the bubbles against the question nutnbers in the OMR sheet provided,rvith black inl: ball point pen. Please read the instructions in the OMR sheet carefully toundersland the corect method ofnrarking answers.

1. How ma:il accounts are thei'e iri a three column Cash Book?

A. Tu'o B. Three C. Four D. One2. Mr. T issued cheques \,'"'ofth { 25000/- in March 2013 out of which cheques wofih

< I 0,000/- only were presented lor payrnent by 3 1" March 2013. Balance as per passbook was < 45,000/-. What u'ould be the balance as per Cash Book?

A.

7. Unlavourable bank balance meansA. Credit balance in Cash Book B. Credit balance in Pass BookC. Debit balance in Cash Book D. None of these

8. A trader sells goods at cost+25Yo. The sales during a period amounted

18. V,/hicli one of the lolJorving would occnr if the purchase of computer stationery rvasdcbited to Computer Iiquipment Account?l'.. An overstatemeirt ol profit and an overstatement ofnon current assetsB. An understatemcnt ofprofit and an overstatement ofnon current assetsC. An overstatement ofprofit and an understatement ofnon current assetsD. An understatement olprofit and an understatement ofnon cuffent assets

19. Users olfinanciai staternents include./r.. Sirareholders B. Government C. Vendor D. All of these

20. V,'hen fixed assets ars sold for cash -A. Total assets rvili increase B. There is no change in total assetsC. Total assets u,ill decrease D. Total liabilities will increase

21 . The Cr.rstomer who has acquired goods on credit basis and ot'es money to thehu:incss is calledh. Ciedito;- !. Dcblcr C. Ilvestor D. Shareholdcr

22. l'he net profit as arrived a1 by preparing the Profit and Loss account of a soleproprietorship concem is transferred to -------------A. Liabilities side of Balance sheet B. Assets side of Baiance sheetC. Capital Account of the proprietor D. Drawings Account of the proprietor

23. il purchase retum of { 8401 has been wrongly posted to the debit side of the SalesRetum A/c but had been correctly eniered in the Supplier's Account, the total of thetrial balance would sliou -A. The cledit side to be { 8,{0/- more than debit sideB. The debit side to be { 840/- more than credit sideC. The credit side to be < 1,680/- more than debit sideD" Tiic clel,.ii side 1o be < 15E0i- more than credit side

24. Scir,: eri.is arc listcd L',elor.'.. Statr- .,vhich of these rvill no1 l':: ici ei:l':i by the Tri:lbalar,ce

(i) Compensatingerrors(ii) Errorsofprinciple(iiD Wrong balancing of an account(iv) V/rong totaling ofan accountA. (i), (ii) & (iiil B. (ii), (iii) & (iv)c. (D & (iD D. (i), (iii) & (iv)

25. Follou'ing are the salient features of bank reconciliation statement except -(i) Ar.rv undue delay in the clearance of cheques can be located(iD 'fo locate errors and frauds(iiD lleconciliation is done by the bankers(iu) To find the actual position ofthe bank balanceA. (i), (ii) and (iii) B. (ii), (iii) and (iv)C. (ii) and (iv) D. (iii) only

26. Which one of the following does not follow dual aspect?A. Increase in both asscts and liabilityB. Increase in one asset and capitalC. Increase in one asset and decrease in otherD. None of these

27. z\ sun, o1- T 25,{i001 i"q speili irn or,eriiauling of a macl.rinery purch:.sei second hand.The anoui;'. expen

What is the credit sales during 2012?A. < 7,90,000/- B. < 8,10,000/-c. < 8,60,000/- D. < 8,40,000/-

3 1 . Rectification of error is recorded in

A. Cash BookC. Sales Book

B. Purchase BookD. Journal Proper

32. Which of the following statement is incorrect ?

A. Creciit purchase ofgoods are recorded in Purchase BookB. Credit sale ofassets are recorded in Sales BookC. Cash Account rvill always have a debit balanceD. Cash discount is allowed by Creditor to his debtor

33.A chequc for {3,0001 received from A & Co. was dishonoured and debited todiscouni A/c. Dae ic rectification of this error, net profit willA. Incrcase by i 6,000/- B. Increase by t 3,000/-C. Decrease by < 3.000/- D. Decrease by < 6,000/-

34. ------------ is a true copy ofthe customer's account as kept in the books ofthe bankA. Cash Book B. Joumal ProperC. Current Accounl D. Pass Book

35. The total Purchase Book is posted toA. The debit of Trading A/cB. The debit of Purchase A./cC. The credit of Trading A"/cD. Tbr credir of Purchase A/c

36. For re:r-';'e'rint salr.ll cuistanding. the loilowing eltry is passed

A. Salari' Outstanding A/c Dr.To SalarY A-lc

B. Salary A.ic Dr.To Salary Outstanding A/c

C. Plofit and loss A/c Dr.To Salary Outstanding A./c

D. None of these

37. Business letters produce immediate effect because they are:A.Infonnal B.Formal C. Interesting D. Brief

38, Simplicity in writing means essentially:A. PlainnessB. The use ofsimple sentencesC. The use olsimple wordsD. The use of simple tense

39. MoCern business letters are usually written in:

A. Semi-block styleB. Indented styleC. Simplified styleD. Fuli

- block style

40. Editing involves checking a document for factual accuracy, logical fiow, concisenessand ---------A. Spelling.B. Pormat errors.C. Clarity and toneI-). Granimar-

41. Wiricl: cf the follorving is nonnally not part of a memo?A. CiosingB. HeadingC. Discussion sectionD. Salutation

42. In issuing instructions, one should avoid the:A. Subjunctive formB. Active voiceC. Imperative formD. Passive Voice

. 43. TecLlical accuracy of language rneans:

A. Corectness of gramn.ier', spelling and punctua-'il,nsB. Simpiicit,vC. Di;ect narrativeD. Active voice

Read the follon,ing passage carefully and answer the questions from 44 to 49.Influence of nature of organizations on Creativity rvill make an interesting anci useful

study. In 1776, Adam Smith revolutionized productivity by division of iabour. Workersbenefited by developing specialized knowledge, skill and experience. Many years laterSmith's early thinking on restructuring organization was complemented by Weber. Webercharacterized the functioning of an organization machinery as guided by principles of "fixedand jurisdictional areas, generally ordered by rules, laws or administrative regulations." Theregulation and control of all relationships was impersonal and was reduced by a set ofpreviously established rules. All aclivities were ofroutine nature. The officials vrere protectedby security of lile long tenure, fixed salary and old age pension. Their careel followed a

6

hierarchical patlern. The officials perlbrmed in a highly controlled, rigid, hierarchicalenvironment. Each employee knew their place and also their clearly defined and explicitlyassigned duties.

Traditional models of organizations had as their goal. reduction of uncertainty andmaximization of predictability. Roles are rigidly pre determined. Specific functions andjurisdictions are categorically delineated so as to preclude ambiguity. Jurisdictions areunequivocai. Proccdures are clearly laid out. Emphasis is on efficiency and productivity.Hierarchies are established for ensuring accountability ofeach rvorker to the Supervisor. Thetraditional approach was to ensure productivity through exercise of control. Traditionalorganizational structures and patterns provide an inhospitable and non congenial atmospherefor the expressiol ofl creativity.

44. The themc discussed in the passage i:A. Traditional organizational structure Vs. Modem SlructureB. The link betwcen the ideas of Smith and WeberC. Ploductivity' and traditional organizational structuieD. Clcativil;' r:,d orgariizaiiorlai stnlcture

45. Ina.dverleltil'. Smrth and Weber contributed to

A. Many structural obstacles thai qan smother creativityB. Increase

49. What is the meaning of the word categoricalA. Something which is amenable to categorizationB. Something which is expressed very clearlyC. Something which is easy to be categorizedD. Something which does not fit anywhere

Question Numbers 50 to 53 pertains to the accounting practice in KSFE

50. Rate oldepreciation of offica equipment

A. 13.01 % 8.12.9r% c.13.91%

51. Regarding the Fixed Asset Register the depreciation is calculated from -

A. Date of receipt B. Date ofcash/ cheque paymentC. Date ofentry in records D. Date of actual use

52. '|ccour.iting enir,v lor v'riting off an assetA. Deprecialior A/c

'fo Dcplcciatiorr Reserve A/ c

B. Depreciation Reserve A./cTo Depreciation A./c

C. Depreciation Reserve A"/cTo Original Cost of the Asset

D. Depieciation A,/cTo \\'D\/ ol the Asset

D.20%

Dr.Cr.

Dr.Cr.

Dr.Cr.

Dr.Cr.

System (BAS), the basic and mosl important part of the

B. Customer SchemesD. Bogus Surety

53. Depre :: i:r'. i,.rn Res:r"-,e shoulC be retained in the l-,ccks of Accounts until the -A. As:rl rs ririticn oflB. A-.:,e1 is ciiroosed olfC. Ass:t is subsiitutedD. WLli; is reduceC to nli

-54. In KSFI Dra'rch P.uiornationsoftware is?A. Custon.rer RegisterC. Customer Group

55. In KSFE Branch Automation System (BAS), which one of the following can't be donein authorization details form -A. NFI]I, B. CVL C. RCL D. Joumal Register

56. In KSFE Branch Automation System (BAS) which one of the following mode ofpayme i is not related to the NPDSC payment form?A. DD/Cheque B. IB C. RSC D. GT

57. Which orle of the follorving is not true for the digital Computer

A. Ii derls ir ith discrete quaniitiesB. Ii counts rather than nrcasuringC. It represents the decinal number through a string ofbinary digitsD. lt is used primarily in Scientific applications

58. 'fhe tv;o basic types of record access methods areA. Sequential and random B. Direct and immediateC. Sequential and indexed D. Online and real time

59. Tlie paiity bit is added for ------------ purposeA. IiiCexing B. Coding C. Enor-detection D. Controlling

60. Different component on the motherboard of a PC Processor unit are linked by sets ofparailel electrical conducting lines. What are these lines called?A. Conductors B. Buses C Connectors D' Con-nectivity

61 . l-i;; r,i ''ariage of COil r,ie iis ------------- and -------------

A. Conpaci Size ; ReadabiiiivB. Compact Size ; SpeedC. ReaCability ; SpeedD. Lurv-Cost ; Readabiliil

62. The rvord size of a tnicroprocessor refers toA. Tire number of machine operations performed in a secondB. The amount of information that can be stored in a cycleC. The amount of information that can be stored in a b)teD. The maximum length of an English word that can be input to a Computer'

63. A distributec data processing configuration in u'hich all activities must pass through acelitralil'lccaied Computer is called a -------------A. Ring neir','oli: B. Spider networkC. Iliei'a:cliicai netr.voi'i' Li. Data control netrvork

64. -,1i cori:t,..i'.:i:i,.alicl cl\';cc iii,:.i conbines transmissions from s'-'l'eiai I'lO devices ir.ilcorre li1r. isA. Cor.rcentrator B" LiodiherC. Muitiplerer D. Full-duplex line

65. The problem of thrashing is aflected significantly by -A. Program sfucture B. Program sizeC. Primary-storage Size D. None of the above

66. The process of converting analog signals to digital signals so that they can beprocessed bi' a receiving computer is refened to as

A. Modulalion B. DemodulationC. Synchroniziirg D. Asynchronizing

67. What is the name olthe software system which combines many independent functioninto one package ?A. Expert system B. Integrated systemC. Multi-adjustment system D Klowledge based system

68. A CPU's processing power is measured in --------

A. IPS B. CIPS C. MIPS D. Nano-seconds69. If a Computer had no decision-making function, it will be reduced to ?

A. Electrical machineB. Counting machineC. Slide ruleD. Addirrg machine

70. Which of the following is not part of a CRT?A. Phospiior screen B. Shadow markC. Eleclron gurr D. Gas Plasma

71. A tempcr'.,:'., .cioiage area altaciled to the CPU, for I/o operations is a -A. Chami:i B. BufferC. Regisle: D. Core

72. The storage location in the internal storage ofa CPU are called -A. Contents B. AddressesC. Locations D. Intersections

73. What is the responsibiliff of the logical unit in the CPU of a Computer -------------A. To interpret instructionsB. To compa-re numbersC. Tc coutrol flow of informationD. To do ilaths q.ork

74. In TCP. a utii.rric sequence nitmber is assigned to eachA. B,r'te B. \Vold C. Message D. Segment

75. The tiAS sofi,:'arc in KSFI] is -

i) CentlalisedApplicationsSoftwareii) Web based Software

Choose the best altemative from belorv

A. (i) is correct B. (ii) is correctC. Neither (i) nor (ii) is correct D. (i) and (ii) are conect

x-x-x-x

10