A

QUESTION BOOKLET
Sr. No.
Series
Roll No. (in Figures) : _________________________________________________
Roll No. (in Words) : _________________________________________________
: 2 : 85
Time : 2 Hours Screening Test Maximum Marks : 85
PLEASE READ THIS PAGE CAREFULLY.
Note : Candidate should remove the sticker seal and
open this Booklet ONLY after announcement by
centre superintendent and should thereafter check and
ensure that this Booklet contains all the 32 pages and 32
tally with the same Code No. given at top of first page
& the bottom of each & every page. If you find any
defect, variation, torn or unprinted page, please have it
replaced at once before you start answering. 1.
IMPORTANT INSTRUCTIONS :
1. The Answer sheet of a candidate who does not
write his Roll No., or writes an incorrect Roll No.
on the title page of the Booklet and in the space
provided on the Answer sheet will neither be 2. 170
evaluated nor his result declared. 3.
2. The paper contains 170 questions.
3. Attempt all questions as there will be no Negative 4.
Marking.
4. The questions are of objective type. Here is an
example. Question : 8 Taj Mahal was built by_____
(A) Sher Shah (B) Aurangzeb
(C) Akbar (D) Shah Jahan
The correct answer of this question is Shah Jahan.
You will therefore darken the circle with ink pen
below column (D) as shown below : A B C D
A B C D Q.8
Q.8 5.
5. Each question has only one correct answer. If you
give more than one answer, it will be considered
wrong and it will not be evaluated. Changing,
cutting, overwriting and erasing of an answer
will be treated as wrong answer.
6.
6. The space for rough work wherever provided may
be utilized by the candidate. You are not to use any
portion of the Answer Sheet for rough work.
7. Do not mutilate this booklet in any manner. Serious 7.
damage/mutilation may entail disqualification.
8. Do not leave your seat until the Answer Sheets have 8.
been collected at the close of the examination.
9. Candidate will not leave the examination room till 9.
stipulated time is over and only after he has
handed over the Answer Sheet to the staff on
duty.

Code No. : C-420 /2018/Series-A

 Space For Rough Work /

Code No. : C-420/2018/Series-A 2

 QUESTION BOOKLET
This question paper contains 170 questions. /     170   
All questions are compulsory.     
One question carries half mark only.         
Maximum Marks : 85    85
Time : 2 Hours   2 
1. Customer opinions about using the internet are an example of which of the
following environmental factors ?
(A) Social (B) Political (C) Legal (D) Technological
                ?
(A)  (B)  (C)  (D) 
2. ‘NAFTA’ is an example of
(A) Customers Union (B) Economic Community
(C) Free Trade Area (D) None of these
‘NAFTA’    ?
(A)    (B)  
(C)    (D)    
3. Which of the following is not a way for firms to exert power over the
environment in which they conduct business?
(A) Trade association activity (B) Strategic alliances
(C) Restraint of trade practices (D) Lobbying government officials
                     ?
(A)    (B)  
(C)     (D)     
4. In which year Government of India introduced EXIM policy for the first time ?
        EXIM     ?
(A) 1997 (B) 1992 (C) 1994 (D) 1995
5. Where is Consumer Guidance Society of India located ?
(A) Mumbai (B) Delhi (C) Pune (D) Kolkata
        ?
(A)  (B)  (C)  (D) 
6. Removing barriers or restrictions set by the Government is known as
(A) Globalisation (B) Privatisation (C) Liberalisaton (D) None of these
           
(A)  (B)  (C)  (D)    

3 Code No. : C-420/2018/Series-A

7. Which one of the following statements is incorrect ?
(A) Depreciation is a part of the operating cost.
(B) Depreciation is provided to know the correct profit.
(C) Depreciation is a fall in the value of fixed assets.
(D) Depreciation is mainly caused due to fall in the market price.
        ?
(A) ,       
(B)             
(C)           
(D)          
8. Which of the following partnership’s characteristics is a disadvantage ?
(A) Voluntary Association (B) Minimal Legal Restrictions
(C) Limited Liability (D) None of these
         -  ?
(A)   (B)   
(C)   (D)    
9. Which of the following factors generally contribute to the value of goodwill
of a firm ?
(A) Reputation of the owners. (B) Risk involved in the business.
(C) Quality of goods sold by the firm. (D) All of these.
                 ?
(A)    (B)    
(C)         (D)  
10. What will be the treatment, if assets are taken over by a creditor of the firm
at the time of dissolution ?
(A) Realisation A/c will be debited. (B) Realisation A/c will be credited.
(C) No entry should be passed. (D) None of these.
               , 
    ?
(A)        (B)      
(C)       (D)    
11. Redeemable preference shares can be redeemed
(A) only if they are fully paid.
(B) only if they are issued at premium.
(C) even if they are partly paid.
(D) if they are paid not less than 50% of the nominal value of shares.
        
(A)         
(B)         
(C)         
(D)        50%       
Code No. : C-420/2018/Series-A 4
12. Secret reserves may be created by
(A) under valuation of liabilities only.
(B) under valuation of assets only.
(C) over valuation of assets only.
(D) over valuation of liabilities and under valuation of assets.
       
(A)      
(B)      
(C)      
(D)         
13. A concern should select an accounting policy which enables it to
(A) Calculate the correct amount of cash in hand.
(B) Present a true and fair view of its State of affairs and profit or loss.
(C) Pay the proper amount of income tax.
(D) None of these.
           ,      
(A)        
(B)     -       
(C)     
(D)    
14. In which account, the excess price received over the par value of shared,
should be credited to ?
(A) Calls-in-advance A/c (B) Share Capital A/c
(C) Reserve Capital A/c (D) Share Premium A/c
  ,              ?
(A) --  (B)   
(C)    (D)   
15. Pooling of interest is method of
(A) valuing goodwill
(B) valuation of inventory
(C) calculation of purchase consideration
(D) accounting of amalgamation
      ?
(A)   (B)   
(C)     (D)   

5 Code No. : C-420/2018/Series-A

16. Where all the debentures are redeemed, the balance left in the debenture
sinking fund is transferred to
(A) Capital Redemption Reserve (B) Debenture A/c
(C) General Reserve (D) Sinking Fund Investment A/c
       ,        
   ?
(A)    (B)  
(C)   (D)    
17. Where shares are forfeited, the share capital account is debited by
(A) nominal value of forfeited shares
(B) paid-up amount of forfeited shares.
(C) called-up amount on forfeited shares.
(D) forfeited amount of shares.
      ,        
(A)       (B)      
(C)       (D)     
18. A company can buy-back equity shares out of
(A) its securities premium account
(B) the proceeds of preference shares
(C) its free reserves
(D) All of these
          
(A)      (B)     
(C)     (D)  
19. The cost of right shares is
(A) added to the cost of investments.
(B) substracted from the cost of investments.
(C) no treatment is required.
(D) None of these.
   
(A)        
(B)         
(C)    ()     
(D)    .
20. Deficiency Surplus Account in liquidation of a company is called
(A) List-C (B) List-D (C) List-G (D) List-H
            
(A) - (B) - (C) - (D) -

Code No. : C-420/2018/Series-A 6

21. Which of the following is not an activity listed in the statement of cash flows ?
(A) Funding activities (B) Investing activities
(C) Financial activities (D) Operating activities
      -      ?
(A)   (B)  
(C)   (D)  
22. What is a serious limitation of financial ratio ?
(A) Ratios can be used only by themselves.
(B) Ratios are screening devices.
(C) Ratios are not predictive.
(D) Ratios indicate weakness only.
       ?
(A)             
(B)     
(C)        
(D)      
23. Current ratio is calculated to
(A) measure the liquidity of a concern.
(B) compare current assets with fixed assets.
(C) compare the current assets with past assets.
(D) All of these.
       
(A)        
(B)          
(C)           
(D)  
24. Which of the following factors would be subject to evaluation in a balanced
scorecard approach to a performance evaluation ?
(A) Financial outcomes (B) Customer outcomes
(C) Business process outcomes (D) All of these
              
    ?
(A)   (B)   
(C)    (D)  

7 Code No. : C-420/2018/Series-A

25. Break-even point is
(A) where total contribution equals variable costs.
(B) where total revenue equals fixed costs.
(C) where total revenue equals total costs.
(D) None of these.
-   , 
(A)        
(B)        
(C)        
(D)    
26. Which of the following would be included in a cash budget ?
(A) Patent amortization (B) Goodwill
(C) Dividends (D) Depreciation charges
            ?
(A)   (B)  (C)  (D)  
27. The main purpose of cost accounting is to
(A) assist management in decision-making.
(B) maximize profits and minimize losses.
(C) comply norms issued by the Government of India from time to time.
(D) prepare cost accounts in line with the accounting standards.
      
(A) -    
(B)         
(C)            
(D)           
28. In the case of giffen goods, a fall in its price tends to
(A) reduce the demand (B) increase the demand
(C) demand will remain constant (D) None of these
    ,      
(A)     (B)    
(C)      (D)    
29. When demand for the product increases in the same proportion in which
income increases, income elasticity of demand will be equal to
(A) unity (B) elastic (C) inelastic (D) None of these
              ,    
  
(A)  (B)  (C)  (D)    

Code No. : C-420/2018/Series-A 8

30. Which of the following does not influence the individual demand for a
product ?
(A) Price of product (B) Price of close substitute
(C) State of production technology (D) Change in climatic conditions
             ?
(A)    (B)    
(C)     (D)    
31. Total utility of a commodity is measured by which price of that commodity ?
(A) Value in use (B) Value in exchange
(C) Both (A) and (B) (D) None of these
             ?
(A)   (B)  
(C) (A)  (B)  (D)    
32. Which of the following is not the method of forecasting demand ?
(A) Total outlay method (B) Expert opinion method
(C) Collective opinion method (D) Controlled opinion method
            ?
(A)    (B)   
(C)    (D)   
33. In which type of market do you have the largest number of firms ?
(A) Perfect competition and oligopoly.
(B) Perfect competition and differentiated competition.
(C) Perfect competition and monopoly.
(D) Differentiated competition and oligopoly
           ?
(A)     (B)     
(C)     (D)    
34. Price discrimination is profitable and possible, if the two markets have
(A) equal elasticity of demand. (B) different elasticity of demand.
(C) inelastic demand. (D) highly elastic demand.
     ,      
(A)    (B)   
(C)   (D)   
35. Which of the following is not the feature of monopolistic competition ?
(A) Co-existence of efficient and inefficient firms.
(B) Fairly large number of firms.
(C) Product homogeneity.
(D) Independent price-output policy.
           ?
(A)      -
(B)     () 
(C)  
(D)  - 
9 Code No. : C-420/2018/Series-A
36. A normal profit
(A) is part of economic cost.
(B) has to be above economic cost in order to encourage output.
(C) is not a part of the economic cost in order to encourage output.
(D) is relevant to the production division of a firm.
  
(A)      
(B)             
(C)             
(D)         
37. Management is
(A) Art (B) Science (C) Profession (D) All of these
 
(A)  (B)  (C)  (D)  
38. Main functions of management includes
(A) directing (B) innovation
(C) communication (D) decision-making
       
(A)  (B)  (C)  (D)  
39. Focus of planning is on
(A) forecasting of events (B) placement of employees
(C) Both (A) and (B) (D) None of these
     
(A)    (B)   
(C) (A)  (B)  (D)    
40. Which of the following statements best expresses the basic idea behind the
marketing concepts ?
(A) produce the best possible product.
(B) produce the cheapest possible product.
(C) try to reduce the cost of marketing.
(D) keep the consumer foremost in mind.
                ?
(A)     
(B) --    
(C)         
(D)      

Code No. : C-420/2018/Series-A 10

41. Goods purchased by individuals for their own personal use rather than for
business or industrial use is called
(A) Convenience goods (B) Capital goods
(C) Consumer goods (D) None of these
              
   
(A)   (B)  
(C)   (D)    
42. The purpose of promotion is to
(A) get the product to ultimate consumer
(B) stimulate demand
(C) create supply
(D) increase employment
   
(A)       (B)     
(C)    (D)  
43. To a great extent, social forces determine
(A) what customers buy (B) how they buy
(C) where they buy (D) All of these
  ,      
(A)      (B)    
(C)      (D)  
44. The need or want for a particular product becomes a demand, when
(A) the product/service is available.
(B) it is backed by buying power.
(C) a product represents that particular need.
(D) All of these.
            , 
(A) /   
(B)       
(C)         
(D)  
45. Which of the following is not one of the three primary considerations in
how demand influences pricing decisions ?
(A) Demographic factors (B) Rate of return
(C) Psychological factors (D) Price elasticity
                 
      ?
(A)   (B)  ()  
(C)   (D)  
11 Code No. : C-420/2018/Series-A
46. Which of the following is/are pricing objectives ?
(A) Competition (B) Market share
(C) Market penetration (D) All of these
    /   /  / ?
(A)  (B)   (C)   (D)  
47. The physical distribution involves which activities ?
(A) Retail warehousing (B) Customer service
(C) Sales force costing (D) All of these
        ?
(A)   (B)  
(C)     (D)  
48. The most important goal of Financial Management is
(A) profit maximization.
(B) matching income and expenditure.
(C) using business assets effectively.
(D) wealth maximization.
   -  
(A)    (B) -  
(C)      (D)   
49. Which of the following is/are not a function of Financial Management ?
(A) Allocation of funds (B) Raising of funds
(C) Planning for funds (D) All of these
    /   /   / ?
(A)    (B)   
(C)     (D)  
50. The policy concerning quantum of profits to be distributed as dividend is called
(A) dividend policy (B) distribution policy
(C) share policy (D) sale policy
                
 ?
(A)   (B)  
(C)   (D)  
51. Where true value of a stock is less than its book value, it is called
(A) stock watering (B) watered stock
(C) net stock (D) stock marketing
           ,     
(A)   (B)   (C)   (D)  
Code No. : C-420/2018/Series-A 12
52. Investment decision include
(A) expansion of existing business. (B) expansion of new business.
(C) replacement. (D) All of these.
     
(A)     (B)    
(C)  (D)  
53. Which of the following limitations is/are limitation of profit maximization
objectives ?
(A) Financial Management ignores the value of money.
(B) Financial Management overlooks quality aspect of profit from future
activities.
(C) Ignores social responsibility of business.
(D) All of these.
        / ?
(A)         
(B)              
(C)         
(D)  
54. Which of the following statements is/are incorrect ?
(A) Finance function is part of the functions of the accountant.
(B) Finance function is concerned with the procurement of funds and not
with their utilization.
(C) Both (A) and (B)
(D) None of these
    /    / ?
(A)         
(B)         ,      
(C) (A)  (B) 
(D)    
55. Which of the following is not very much relevant in dividend decision ?
(A) Availability of disposable profit.
(B) Inventories expectations for dividend.
(C) Capital market conditions.
(D) Industry practice.
             ?
(A)     (B)     
(C)    (D)  

13 Code No. : C-420/2018/Series-A

56. Which of the following methods does not consider the profitability of the
whole life of the project ?
(A) Payback period method. (B) Internal rate of return method.
(C) Present value index method. (D) Net present value method.
                  ?
(A) -   (B)     
(C)     (D)    
57. Which is the most popular technique of working capital forecast ?
(A) Cash forecasting method. (B) Adjusted profit and loss method.
(C) Both (A) and (B) (D) None of these
          ?
(A)      (B)  - 
(C) (A)  (B)  (D)    .
58. The Working Capital ratio is
(A) Working Capital  Sales (B) Working Capital  Total Assets
(C) Current Assets  Sales (D) Current Assets  Current Liabilities
   
(A)     (B)     
(C)     (D)     
59. Financial leverage is intended to
(A) increase return on capital employed and net equity.
(B) increase return on capital employed.
(C) increase net equity return.
(D) decrease volatility in return.
     
(A)         
(B)      
(C)     
(D)     
60. Under-trade credit and instalment credit does not flow in
(A) Trade credit (B) Bank credit (C) Cash credit (D) None of these
          
(A)    (B)    (C)    (D)    
61. Every business undertaking requires funds for
(A) Investment in fixed assets. (B) Investment in current assets.
(C) Both (A) and (B) (D) None of these.
          
(A)        (B)       
(C) (A)  (B)  (D)    
Code No. : C-420/2018/Series-A 14
62. Financial leverage indicates disproportionate change in taxable income as
result of change in
(A) Operating income (B) Operating profit
(C) Operating leverage (D) None of these
    -          ?
(A)   (B)   (C)   (D)    
63. Advantages of adequate working capital funds include
(A) Cash discount (B) Liquidity & Solvency
(C) High morale (D) All of these
         
(A)   (B)   
(C)   (D)  
64. Development
(A) aims at improving the total personality of a manager.
(B) focusses on the employee’s current job.
(C) is an informal activity.
(D) is short-term in nature.

(A)              
(B)         
(C)     
(D)       
65. Human Resource Management emphasizes
(A) Development of people. (B) Punishment of people.
(C) Adoption of people. (D) None of these.
      :
(A)     (B)    
(C)    (D)    
66. Which of the following statement is correct in context to arbitrator ?
(A) Arbitrator cannot appoint assessors.
(B) Arbitrator can appoint assessors.
(C) Arbitrator is a person of Central Government.
(D) None of these.
            ?
(A)         
(B)        
(C)       
(D)    

15 Code No. : C-420/2018/Series-A

67. Benefits of sound industrial relations are except
(A) industrial peace.
(B) industrial democracy.
(C) fall in productivity.
(D) economic and non-economic incentives to its employees.
      ,  
(A)  
(B)  
(C)   
(D)      - 
68. Participation develops a sense of
(A) belongingness (B) a feeling of togetherness
(C) Both (A) and (B) (D) Non-accomplishment
        ?
(A)  (B)   
(C) (A)  (B)  (D)  (-)
69. Every financial market has which one of the following characteristics ?
(A) It determines the level of interest rates.
(B) It allows common stock to be traded.
(C) It allows loans to be made.
(D) It channels funds from lenders-savers.
            ?
(A)      
(B)         
(C)      
(D) -   
70. Which of the following instruments is not traded in a money market ?
(A) Commercial papers (B) US treasury bills
(C) Bankers acceptance (D) None of these
               ?
(A)   (B) ..  
(C)    (D)    
71. Which of the following can be described as involving indirect finance ?
(A) A corporation take out loans from bank.
(B) People buy shares in a mutual fund.
(C) A corporation buys commercial paper in a secondary market.
(D) All of these.
             ?
(A)        
(B)           
(C)           
(D)  
Code No. : C-420/2018/Series-A 16
72. When two parties exchange currencies for a certain length of time and agree
to reverse the transaction at a later date is called
(A) spot transaction (B) future transaction
(C) forward transaction (D) None of these
                 
         ,   
(A)    (B)  ()  
(C)    (D)    
73. Which of the following limits the power of credit creation by Commercial
Banks ?
(A) Fiscal Policy (B) Banking Laws
(C) Business pessimism (D) None of these
               ?
(A)   (B)  
(C)   (D)    
74. Bank show provision for income tax under which of the following heads ?
(A) Contingent liabilities (B) Other liabilities and provisions
(C) Contingent A/c (D) Other accounts
            ?
(A)   (B)    
(C)   (D)  
75. Who is the custodian of monetary reserves in India ?
        ?
(A) SBI (B) SIDBI (C) NABARD (D) RBI
76. In order to control credit in the country, the RBI may
(A) buy securities in the open market.
(B) sell securities in the open market.
(C) reduce CRR.
(D) reduce Bank rate.
        RBI     ?
(A)        (B)       
(C) CRR    (D)     
77. Which one of the following is the main objective of Unit Trust of India ?
(A) To mobilise the savings of corporate.
(B) To mobilise the savings of low and middle income groups.
(C) To mobilise the savings of high income groups.
(D) To mobilise the savings of low and high income groups.
     UTI     ?
(A)       
(B)           
(C)         
(D)           
17 Code No. : C-420/2018/Series-A
78. E-banking is synonymous with
(A) Tele-Banking (B) Internet Banking
(C) Euro Banking (D) None of these
-    ?
(A) - (B)   (C) - (D)    
79. Which of the following is not the items of current account ?
(A) Amortisation (B) Trade balance
(C) Private transfers (D) Investment incomes
           ?
(A)  (B)  
  ()
(C)   (D)  
80. The effects of foreign trade on the domestic economy may be at
(A) Micro level (B) Macro level
(C) Both (A) and (B) (D) None of these
 ,           ?
(A)   (B)  
(C) (A)  (B)  (D)    
81. The current account is made up of
(A) visibles and invisibles (B) only visibles
(C) only invisibles (D) All of these
     
(A)     (B)   
(C)    (D)  
82. If a country has deficit in balance of current account, balance of capital
account will be
(A) zero (B) surplus (C) deficit (D) None of these
          ,       
(A)  (B)  (C)  (D)    
83. Which of the following items are included in the negative list of imports ?
(A) Canalised items (B) Banned items
(C) Restricted items (D) All of these
             ?
(A)   (B)   (C)   (D)  
84. Globalization is a term used to describe the process of removal of
restrictions on which of the following ?
(A) Foreign trade (B) Investment
(C) Both (A) and (B) (D) None of these
                   ?
(A)   (B) 
(C) (A)  (B)  (D)    
Code No. : C-420/2018/Series-A 18
85. The Balance of Payment of a country on current account is equal to
(A) Balance of Trade + Short-term capital flows.
(B) Balance of Trade + Net invisible exports.
(C) Balance of Payment – Capital flows.
(D) Balance of Invisible trade + Imports.
            ?
(A)   +    (B)   +   
(C)   –   (D)    + 
86. Which Financial Institution is known as soft loan window ?
             ?
(A) IMF (B) IBRD (C) IDA (D) ADB
87. When India became the member of World Bank ?
(A) 1940 (B) 1950 (C) 1967 (D) None of these
        ?
(A) 1940 (B) 1950 (C) 1967 (D)    
88. Which of the following statements is/are incorrect ?
(A) FDI helps enterprises to enter markets and gain a foothold there.
(B) Foreign investment increases the disparity that exists between costs
and revenues.
(C) Both (A) and (B).
(D) None of these.
    /   / ?
(A) FDI                 
(B)             
(C) (A)  (B) 
(D)    
89. Patents are rights related to
(A) literary or artistic work. (B) visual design of objects.
(C) new inventions. (D) None of these.
     
(A)     (B)    
(C)   (D)    
90. WTO covers
(A) intellectual property (B) services
(C) goods (D) Both (A) and (B)
WTO    
(A)   (B)  (C)  (D) (A)  (B) 

19 Code No. : C-420/2018/Series-A

91. Which of the following statements is/are incorrect ?
(A) GATT was applied on a ‘provisional basis’.
(B) GATT rules applied to trade in services.
(C) Both (A) and (B).
(D) None of these.
    /    / ?
(A) GATT        
(B) GATT         
(C) (A)  (B) 
(D)    
92. Which of the following statements is/are incorrect ?
(A) WTO helps to protect environment.
(B) WTO applied to trade in merchandise goods.
(C) Both (A) and (B)
(D) None of these
    /    / ?
(A) WTO        
(B) WTO -       
(C) (A)  (B) 
(D)    
93. Long term Financial Assistance for development purpose is provided by
(A) IMF (B) World Bank (C) WTO (D) None of these
     -         ?
(A) IMF (B)   (C) WTO (D)    
94. International liquidity is generally used as a synonym for
(A) domestic reserves. (B) international reserves.
(C) balance of payment. (D) All of these.
         ?
(A)   (B)    (C)   (D)  
95. Key currencies acceptable internationally are
(A) US Dollar (B) UK Pound sterling
(C) Both (A) and (B) (D) None of these
       
(A) ..  (B) ..  
(C) (A)  (B)  (D)    
Code No. : C-420/2018/Series-A 20
96. There is a need of foreign trade due to
(A) differences in economic growth rate.
(B) division of labour and specialization.
(C) uneven distribution of natural resources.
(D) All of these.
    
(A)        (B)      
(C)        (D)  
97. International trade brings developing countries in contact with
(A) modern ideas (B) sustainable growth
(C) developed nations (D) None of these
          ?
(A)   (B)   (C)   (D)    
98. The spot rate of exchange is quoted for the immediate delivery of
(A) Foreign Treasury (B) Foreign Exchange
(C) Foreign Rate (D) Foreign Transactions
           ?
(A)   () (B)  
(C)   (D)  
99. A letter of credit means
(A) A Bank agreeing to accept and pay on due date.
(B) A letter containing conditions of credit purchase or sale.
(C) A letter sent by exporter to importer sanctioning credit deal.
(D) None of these.
     
(A)              
(B)                
(C)               
(D)    
100. The starting point for any export transaction is
(A) Order placement. (B) Performa generation
(C) Enquiry (D) None of these
         
(A)   (B)  
(C)  (D)    
21 Code No. : C-420/2018/Series-A
101. Which one of the following items is a non-cash transaction ?
(A) Redemption of shares.
(B) Buy back of shares.
(C) Conversion of debentures into shares.
(D) None of these.
      -    ?
(A)    (B)   
(C)      (D)    
102. AS-7 relates to
(A) revenue recognition.
(B) construction contracts.
(C) accounting for fixed assets.
(D) the effects of changes in foreign exchange rates.
AS-7    
(A)   (B)  
(C)     (D)      
103. International Public Sector Accounting Standards were issued by
(A) International Accounting Standards Board
(B) International Auditing Practices Committee
(C) International Federation of Accountants
(D) None of these
          ?
(A)     (B)    
(C)    (D)    
104. The meaning of ‘Cash’ as per AS-3 (revised) is
(A) Cash in hand
(B) Cash at Bank
(C) Cash in hand and demand deposits in banks
(D) None of these
AS-3 ()   ‘’    
(A)   (B)   
(C)        (D)    
105. Which risk arises, if a party discharges his obligations, but the counter party
defaults ?
(A) Replacement cost risk (B) Principal risk
(C) Systemic risk (D) Unsystematic risk
     ,            
  ?
(A)    (B)  
(C)   (D) - 
Code No. : C-420/2018/Series-A 22
106. Nifty index is used in
(A) Derivatives (B) Index Funds
(C) Exchange Traded Funds (D) All of these
     
(A)  (B)  
(C)    (D)  
107. Rate of dividend on which shares is/are fixed ?
(A) Preference (B) Equity
(C) Both (A) and (B) (D) None of these
         ?
(A)  (B) 
(C) (A)  (B)  (D)    
108. The first Stock Exchange of India was established in
(A) Delhi (B) Mumbai (C) Kolkata (D) Chennai
         ?
(A)   (B)   (C)   (D)  
109. Who is an intermediary defined under the SEBI Act ?
(A) Hedge Fund (B) Sovereign Fund
(C) Trustee of a trust deed (D) Private equity
SEBI             ?
(A)   (B)  
(C)       (D)  
110. Who maintains records of investors in companies ?
(A) Brokers (B) Sub-brokers
(C) Stock exchanges (D) Registrar and transfer agent
          ?
(A)  (B) -
(C)   (D)    
111. Which of the following is an important source of information about
companies for investors ?
(A) Research reports (B) Advertisements
(C) Market rumours (D) Market tips
                  ?
(A)     (B)  (C)   (D)  
112. A stock broker means a member of
(A) SEBI (B) any exchange
(C) a recognized stock exchange (D) None of these
       
(A) SEBI (B)   
(C)     (D)    
23 Code No. : C-420/2018/Series-A
113. The risk management activities and confirmation of trades through the
trading system of NSE is carried out by
(A) users (B) trading members
(C) clearing members (D) participants
NSE               
(A)  ()(B)   (C)   (D) 
114. Who can nominate members on the governing body of a recognized stock
exchange ?
(A) SEBI (B) The State Government
(C) SAT (D) None of these
               
(A) SEBI (B)  
(C) SAT (D)    
115. Insurance Companies and Mutual Funds both provides to customers
(A) Insurance policies only (B) ULIPs
(C) Bonds (D) Loans
             ?
(A)    (B) ULIPs
(C)  (D) 
116. TDS stands for
(A) Tax Deducted at Source (B) Tax Deducted at Service
(C) Tax Deposited at Source (D) Tax Deposited at Service
TDS     
(A)     (B)    
(C)     (D)    
117. Short-term deposits by mutual funds can only be placed with
(A) Public Sector Banks (B) Scheduled Banks
(C) Co-operative Banks (D) None of these
            
(A)    (B)   
(C)   (D)    
118. Which funds trade stocks infrequently ?
(A) Passively managed (B) Actively managed
(C) Both (A) and (B) (D) None of these
         ?
(A)     (B)    
(C) (A)  (B)  (D)    
Code No. : C-420/2018/Series-A 24
119. The financial market for securities with maturities of less than one year is
known as
(A) Derivatives market (B) Cash market
(C) Money market (D) None of these
                ?
(A)   (B)   (C)   (D)    
120. The Income Tax Act extend to
(A) whole of India
(B) whole of India except Jammu & Kashmir
(C) whole of India except Sikkim
(D) whole of India except Jammu and Kashmir and Sikkim
    
(A)   
(B)        
(C)      
(D) -       
121. Who composed the Gayatri Mantra ?
(A) Vashishta (B) Vishwamitra (C) Vyas (D) None of these
     ?
(A)  (B)  (C)  (D)    
122. ‘Takshshila’ town was located between
(A) Indus and Jhelum (B) Jhelum and Chenab
(C) Chenab and Ravi (D) Ravi and Beas
  ()     ?
(A)    (B)   
(C)    (D)   
123. ‘Buddha’ attained Mahaparinirvana in the republic of the
(A) Mallas (B) Palas (C) Lichhavis (D) Sakyas
   ‘’     ?
(A)  (B)  (C)  (D) 
124. Who was defeated by Babur in the first battle of Panipat ?
(A) Ibrahim Lodi (B) Sikandar Lodi
(C) Bahlol Lodi (D) Daulat Khan Lodi
           ?
(A)   (B)   (C)   (D)   
25 Code No. : C-420/2018/Series-A
125. Which was the birth place of Guru Nanak ?
(A) Gurdaspur (B) Amritsar (C) Lahore (D) Talwandi
   -    ?
(A)  (B)  (C)  (D) 
126. The English introduced Ryotwari Settlement in
(A) Bengal Presidency only (B) Madras Presidency only
(C) Bombay Presidency only (D) Both Madras & Bombay Presidency
         ?
(A)     (B)    
(C)     (D)      
127. Which Governor General of India abolished slavery ?
(A) Lord Cornwallis (B) Lord Ellenborough
(C) Sir John Shore (D) Lord William Bentinck
      -    ?
(A)   (B)  
(C)    (D)   
128. Moplah Revolt (1921) took place in
(A) Kerala (B) Assam (C) Kashmir (D) None of these
  (1921)    ?
(A)  (B)  (C)  (D)    
129. Under which article of the Constitution of India, the President of India can
be impeached ?
      ,         ?
(A) 61 (B) 75 (C) 76 (D) 356
130. Who is the guardian of Fundamental Rights enumerated in Indian
Constitution ?
(A) Supreme Court (B) Parliament
(C) President of India (D) None of these
           ?
(A)   (B) 
(C)    (D)    
131. To be eligible for election as President of India, a person must have
completed the age of
       ,          ?
(A) 25 (B) 30 (C) 35 (D) 45

Code No. : C-420/2018/Series-A 26

132. What can be the maximum interval between two sessions of Parliament ?
(A) 3 months (B) 4 months (C) 5 months (D) 6 months
              ?
(A) 3  (B) 4  (C) 5  (D) 6 
133. The final authority in India to adopt the five year plan for the country vests in
(A) NITI Aayog (B) The Union Cabinet
(C) The Parliament (D) The National Development Council
                ?
(A)   (B)  
(C)  (D)   
134. The term ‘Higgs Boson’ is associated with
(A) Oncology (B) God Particle
(C) Nano Technology (D) Stem Cell Research
‘ ’    :
(A)    (B)  
(C)   (D)   
135. Geostationary orbit is approximately at a height of
(A) 360 km (B) 3600 km (C) 36000 km (D) None of these
-       ?
(A) 360 .. (B) 3600 .. (C) 36000 .. (D)    
136. The place of origin of an earthquake is called
(A) Seismal (B) Focus (C) Epicentre (D) None of these
        ?
(A)  (B)  (C)  (D)    
137. Which of the following deserts is rich in gold reserves ?
(A) Arabian (B) Thar (C) Mongolian (D) Atacama
            ?
(A)  (B)  (C)  (D) 
138. Which of the following is a deepest lake ?
(A) Lake Victoria (B) Caspian Sea
(C) Lake Superior (D) Lake Baikal
         ?
(A)   (B)   (C)   (D)  
27 Code No. : C-420/2018/Series-A
139. Which of the following is not a Greenhouse Gas ?
(A) Carbon dioxide (B) Methane
(C) Nitrous oxide (D) Argon
          ?
(A)   (B) 
(C)   (D) 
140. An instrument that measures air pressure is called
(A) Barometer (B) Isohaline (C) Seismometer (D) None of these
         ?
(A)  (B)  (C)  (D)    
141. ‘Tidal forest’ is otherwise called as
(A) Evergreen forest (B) Monsoon forest
(C) Mangrove forest (D) Coniferous forest
‘ ’    
(A)   (B)   (C)   (D)   
142. The first oil refinery in India was set up at
(A) Barauni (B) Vishakhapatnam
(C) Digboi (D) Mumbai
         ?
(A)   (B)   (C)   (D)  
143. In India the most important source of energy is
(A) Nuclear power (B) Hydroelectric power
(C) Petroleum (D) Coal
       
(A)   (B)   (C)  (D) 
144. The leading wheat producer state in India is
(A) Punjab (B) Haryana
(C) Uttar Pradesh (D) Andhra Pradesh
         
(A)  (B)  (C)   (D)  
145. A floating body always displaces liquid water equal to its own
(A) Mass (B) Volume (C) Weight (D) None of these
     _______        
(A)  (B)  (C)  (D)    
146. The correct value of 0 C on the Kelvin scale is
(A) 273.15 K (B) 173.15 K (C) 373.15 K (D) None of these
   0 C     
(A) 273.15 K (B) 173.15 K (C) 373.15 K (D)    
Code No. : C-420/2018/Series-A 28
147. The Ozone layer absorbs
(A) Ultraviolet rays (B) Infrared radiation
(C) Microwaves (D) Radio waves
     
(A)   (B)   (C) - (D) -
148. Which one of the following phenomenon is used in optical fibres ?
(A) Scattering (B) Refraction
(C) Total internal reflection (D) None of these
            ?
(A)  (B) 
(C)      (D)    
149. Alcoholic fermentation is brought about by the action of
(A) CO2 (B) O2 (C) CO (D) None of these
        ?
(A) CO2 (B) O2 (C) CO (D)    
150. Which one of the following is good source of protein ?
(A) Gram (B) Pea (C) Soya bean (D) Pegion-Pea
         ?
(A)  (B)  (C)  (D) 
151. Clove is a
(A) Fruit (B) Dry flower bud
(C) Vegetative bud (D) Seed
 , 
(A)  (B)    (C)   (D) 
152. Which of the following is not a true fish ?
(A) Flying fish (B) Cry fish (C) Cuttle fish (D) Silver fish
     ‘ ’   ?
(A)   (B)   (C)   (D)  
153. If King is called Subject, Subject is called Beggar, Beggar is called
Minister, Minister is called Duffer and Duffer is called Astrologer, then tell
who does the job of Begging ?
(A) Subject (B) Begger (C) Duffer (D) Minister
     ,   ,   ,      
,        ?
(A)  (B)  (C)  (D) 
29 Code No. : C-420/2018/Series-A
154. As ‘face’ is related to ‘expression’, in the same way, ‘Hand’ is related to
which ?
(A) Doing work (B) Waves (C) Coquetry (D) None of these
 ‘’  , ‘’ ,   ‘’   :
(A)    (B)   (C) -  (D)    
155. India has signed agreement with which country to share tax-related
information from January 2018 ?
(A) Bahrain (B) Tunisia
(C) Switzerland (D) Trinidad and Tobago
      , 2018  -      
  ?
(A)  (B) 
(C)  (D)   
156. Who has won the 2017 Sahitya Akademic Award in Hindi Language ?
(A) Ramesh Kuntal Megh (B) Chaman Lal
(C) Mulk Raj Anand (D) Mahmood Ahmad Sahar
    2017      ?
(A)    (B) 
(C)   (D)   
157. Which program has been recently launched by the Union Ministry of
External Affairs to bring Indian Foreign Policy to students across the
country ?
               , 
           ?
(A) SAMVARTI (B) SAMVEDA (C) SAMPARK (D) SAMEEP
158. India’s first and only design University “World University of Design” has
opened in which State ?
(A) Punjab (B) Tamil Nadu (C) Haryana (D) Odisha
       “   ” 
    ?
(A)  (B)  (C)  (D) 
159. Which city has been officially selected to host the 2022 Commonwealth
Games ?
(A) New Delhi (B) Durban (C) London (D) Birmingham
   2022              ?
(A)   (B)  (C)  (D) 
Code No. : C-420/2018/Series-A 30
160. In 1951, H.P. became a
(A) Part ‘C’ State (B) Part ‘B’ State
(C) Part ‘A’ State (D) Full fledged State
1951 ,   
(A) -  (B) -  (C) -  (D)   
161. Himachal Pradesh has how many Vidhan Sabha Seats ?
        ?
(A) 66 (B) 68 (C) 36 (D) 72
162. Which of the following major river does not move across Himachal Pradesh ?
(A) Yamuna (B) Satluj (C) Chenab (D) Jhelum
             ?
(A)  (B)  (C)  (D) 
163. The Mansadevi Temple near Chandigarh was in the territory of the erstwhile
princely state of
(A) Suket (B) Kuthar (C) Mahlog (D) Sirmaur
              ?
(A)   (B)  (C)  (D) 
164. ‘Kotkhai’ was in the Punjab state in the year
   ‘’      ?
(A) 1802 (B) 1946 (C) 1959 (D) 1972
165. Tagore was awarded the Nobel Prize _______ Literature.
(A) in (B) of (C) for (D) None of these
166. Antonym of the word ‘Reverence’ is
(A) rejection (B) disdain (C) dislike (D) honour
167. Meaning of idiom ‘A grass widow’ is
(A) a young widow.
(B) widow who has illicit relations with men.
(C) a woman whose husband is temporarily away from her.
(D) a working old woman.
168. ‘’   
(A)  (B)  (C)  (D) 
169. ‘’   
(A)  (B)  (C)  (D)    
170.   
(A)  (B)  (C)  (D) 
___________
31 Code No. : C-420/2018/Series-A
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Code No. : C-420 /2018/Series-A 32