Assam Science Technology & Environment Council Junior Administrative Assistant Assam Competitive Exam Previous Year Question Paper
JAA (I)-ASTEC
1. Which institution has mandated ‘penny drop’ verification for NPS fund withdrawal?
A. IRDAI
B.PFRDA
C. SEBI
D. RBI
Ans:- B.PFRDA
2. Which of the following statements regarding Isolation during COVID-19 is/are correct?
(i) It is used for people suffering from COVID-19 symptoms or who have testedpositive for the virus.
(ii)In isolation means being separated from other people, mainly in a medical facilitywhere you can receive clinical care.
A. Only (i)
B. Only (ii)
C. Both (i) and (ii)
D.Neither (i) nor (ii)
Ans:- C. Both (i) and (ii)
3. Why was Narges Mohammadi awarded the Nobel Peace Prize 2023?
A. For her contributions to literature
B. For her fight against the oppression of women in Iran
C. For her achievements in science and technology
D. For her work in the field of environmental conservation
Ans:- B. For her fight against the oppression of women in Iran
4. The old Parliament building in New Delhi officially renamed as …………………?
A. Rajya Sabha Bhavan
B. Lok Sabha Sadan
C. Samvidhan Sadan
D. Old Sansad Sadan
Ans:- C. Samvidhan Sadan
5. Name the Mascot for Assam's biggest sporting event - Khel Maharan in Assam .
A. Maharaj Dodan
B. Appu
C. Mr. Rhino
D. Mr. Met
Ans:- A. Maharaj Dodan
6. The full form of ATM is -
A. Any Time Money
B. Automated teller Machine
C. Automatic Transaction Machine
D. All transaction Made-easy
Ans:- B. Automated teller Machine
7. At present, the Assam Science Technology & Environment Council (ASTEC) is anautonomous Council of the
(i) Department of Science, Technology & Environment, Govt. of Assam
(ii) Department of Science & Technology, Govt. of Assam
(iii) Department of Science, Technology & Climate Change, Govt. of Assam
A. Only (i) is correct
B. Only (ii) is correct
C. Only (iii) is correct
D. Both (i) and (ii) are correct.
Ans:- C. Only (iii) is correct
8. Choose the appropriate phrase/idiom for the gap: He knows......................of the plan.
A. heart and soul
B. mare’s nest
C. one and all
D. the ins and outs
Ans:- D. the ins and outs
9. Find the antonyms: Fierce
A. Violent
B. Non-Violent
C. Harmful
D. Competitive
Ans:- B. Non-Violent
Q 10-13: Read the passage carefully and answer the questions given below:
One of the most hazardous conditions a firefighter will ever encounter is abackdraft (also known as a smoke explosion). A backdraft can occur in the hot-smolderingphase of a fire when burning is incomplete and there is not enough oxygen to sustain the fire.Unburned carbon particles and other flammable products, combined with the intense heat,may cause instantaneous combustion if more oxygen reaches the fire.
Firefighters should be aware of the conditions that indicate the possibility for abackdraft to occur. When there is a lack of oxygen during a fire, the smoke becomes filledwith carbon dioxide or carbon monoxide and turns dense gray or black. Other warning signsof a potential backdraft are little or no visible flame, excessive heat, smoke leaving thebuilding in puffs, muffled sounds, and smoke-stained windows.
Proper ventilation will make a backdraft less likely. Opening a room or buildingat the highest point allows heated gases and smoke to be released gradually. However,suddenly breaking a window or opening a door is a mistake, because it allows oxygen to rushin, causing an explosion.
10. A backdraft is a dangerous condition for firefighters mainly because
A. there is not enough oxygen for breathing.
B. the heat is extremely intense.
C. the smoke is dangerously thick.
D. an explosion occurs.
Ans:- D. an explosion occurs.
11. Which of the following is not mentioned as a potential backdraft warning sign?
A. windows stained with smoke
B. flames shooting up from the building
C. puffs of smoke leaving the building
D. more intense heat than usual
Ans:- B. flames shooting up from the building
12. To prevent the possibility of a backdraft, a firefighter should
A. carry an oxygen tank.
B. open a door to allow gases to escape.
C. make an opening at the top of the building.
D. break a window to release carbon particles.
Ans:- C. make an opening at the top of the building.
13.When compared with a hot, smoldering fire, a fire with visible, high-reaching flames
A. has more oxygen available for combustion.
B. has more carbon dioxide available for consumption.
C. produces more dense gray smoke.
D. is more to cause a backdraft
Ans:- A. has more oxygen available for combustion.
14.I really have to go now. I have ______ the doctor. (Fill in the blank with the correct option)
A. an appointment to
B. an appointment with
C. appointment with
D. an appointment from
Ans:- B. an appointment with
15. Which among the following options is correct ?
A. My thoughts are with the families of those who have lost their loved ones in thisunfortunate accident.
B. My thoughts are with the families of those who has lost their loved ones in thisunfortunate incident.
C. My thoughts are with the families of those who have lost their loved ones in thisunfortunate events.
D. My thoughts are with the families of those who have lost their loved ones in thisunfortunate incidents.
Ans:- A. My thoughts are with the families of those who have lost their loved ones in thisunfortunate accident.
16-20: Read the following passage given below. There are five gaps in the passage which arenumbered serially. Against each numbered gap four alternatives are given below. Select themost appropriate alternative.
A man stopped at a flower shop to (16) some flowers to be (17)to his mother who lived200 miles (18) . As he got out of his car he noticed a young girl sitting on the curbsobbing. He asked her what was wrong and she (19), "I wanted to buy a red rose for mymother. But I only have seventy-five cents and a rose costs two dollars." The man smiledand said, "Come (20) me.
16.
A. request
B.sell
C. Order
D.requesting
Ans:- C. Order
17.
A.delivered
B.posted
C.taken
D.given
Ans:- A.delivered
18.
A.away
B.beyond
C. accross
D.between
Ans:- A.away
19.
A.asked
B.replied
C. exclaimed
D. enquired
Ans:- B.replied
20.
A.with
B.on
C.in
D. to
Ans:- A.with
21. Jatinga is situated in _____________ district.
A. Karbi Anglong
B.Tinsukia
C. Karimganj
D.Dima Hasao
Ans:- D.Dima Hasao
22. The season which is associated with Bordoichila (also written as Bordoisila) in Assam is -
A.Monsoon season
B.Pre-Monsoon season
C.Summer season
D.None of the above
Ans:- B.Pre-Monsoon season
23. In the 69th National Film Awards, Best Mishing Film award was given to
A. Anur
B.Pratikshya
C.Boomba Ride
D.Ekda Kaay Zala
Ans:- C.Boomba Ride
24. Dr. Himanta Biswa Sarma is the ____ Chief Minister of Assam.
A.13th
B. 14th
C.15th
D.16th
Ans:- C.15th
25. Which N E States has the longest international boarder?
A.Arunachal Pradesh
B.Meghalaya
C. Assam
D.Manipur
Ans:- A.Arunachal Pradesh
26. Every month Geeta saves money from her pocket money. She has opened a savingsbank account with a bank. She deposits her savings in the account every month. One dayshe withdraw Rs. 2700.00 from her account. The cashier gave her Rs. 20 and Rs. 50notes only. If Geeta got 90 notes in all, find how many notes of each type did she get ?
A. 40 notes of Rs. 20 and 50 notes of Rs. 50
B. 30 notes of Rs. 20 and 60 notes of Rs. 50
C. 60 notes of Rs. 20 and 30 notes of Rs. 50
D. 50 notes of Rs. 20 and 40 notes of Rs. 50
Ans:- C. 60 notes of Rs. 20 and 30 notes of Rs. 50
27. In a competitive examination, 3 marks is awarded for each correct answer, while 1mark is deducted for each wrong answer. Rakesh answered 50 questions and got 90marks. How many questions did he answer correctly.
A. 25
B. 30
C. 27
D. 35
Ans:- D. 35
28. There is a circular Jogging field inside a stadium. Manoj and Bijoy run around thiscircular track. Manoj takes 18 minutes to complete one round, while Bijoy takes 12minutes for the same. If they both start at the same point and at the same time and go inthe same direction, after how many minutes will they meet again at the starting point.
A. 36 minutes
B 45 Minutes
C. 30 minutes
D. 60 Minutes
Ans:- A. 36 minutes
29. The graph of y = 2x – 1 intersects :
Ans:- B
30. 
A. 9.4 cm
B. 7 cm
C. 4.9 cm
D. 9 cm
Ans:- C. 4.9 cm
31. A number when divided by 61 gives 27 as quotient and 32 as remainder. The number is -
A. 1679
B. 1647
C. 1697
D. 1674
Ans:- A. 1679
32. Three sets of English, Assamese and Mathematics books have to be stacked in such away that all the books are stored subject wise and the height if each stack is the same.The number of English books is 144, the number of Assamese books is 240 and thenumber of Mathematics books is 288. Assuming that that the books are same thickness,determine the number of stacks of English, Assamese and Mathematics books
A. English - 3, Assamese - 5, Mathematics – 7
B. English - 2, Assamese - 4, Mathematics - 6
C. English - 3, Assamese - 4, Mathematics – 6
D. English - 3, Assamese - 5, Mathematics - 6
Ans:- D. English - 3, Assamese - 5, Mathematics - 6
33. A Ladder 10 m long reaches a window 8 m above the ground. The distance of the footof the ladder from base of the wall is -
A. 5 m
B. 6 m
C. 7 m
D. 12 m
Ans:- B. 6 m
34. The perimeters of two similar triangles ABC and PQR are 60 cm and 36 cmrespectively.
If PQ = 9 cm, then AB equals
A. 6 cm
B. 10 cm
C. 15 cm
D. 24 cm
Ans:- C. 15 cm
35. A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find theprofit percent.
A. 23%
B. 25%
C. 27%
D. 29%
Ans:- B. 25%
36. November 1, 2023, was a Wednesday, what day of the week lies on November 1, 2024?
A. Thursday
B. Monday
C. Friday
D. Sunday
Ans:- C. Friday
37. How many times the hands of a clock coincide in a day?
A. 24
B. 22
C. 23
D. 21
Ans:- B. 22
38. Simplify : 1200 – [ 240 ÷ 4 x { 3 + ( 3 x 7 - 4 ) } ]
A. 1135
B. 1133
C. 1195
D. 1197
Ans:- D. 1197
39. Put appropriate figure in the blank : 1, 2, 4, 7, 11, 16, 22, ___
A. 27
B. 29
C. 26
D. 30
Ans:- B. 29
40. The minimum number of straight lines required to make the following figure
A. 9
B. 11
C. 13
D. 8
Ans:- A. 9
41. If ÷ means x, x means +, + means – and – means ÷ , find the value of16 x 3 + 5 – 2 ÷ 4
A. 7
B. 9
C. 11
D. 13
Ans:- B. 9
42. If A = 2, M = 26, Z = 52, then BET = ?
A. 32
B. 42
C. 72
D. 54
Ans:- D. 54
43. In the figure, if DE is parallel to BC, the x equals
A. 6 cm
B. 8 cm
C. 10 cm
D. 12.5 cm
Ans:- C. 10 cm
44. An umbrella has 8 ribs which are equally spaced. Assuming umbrella to be a flat circleof radius 56 cm, the area between the two consecutive ribs of the umbrella is
A. 1232 sq.cm.
B. 308 sq. cm.
C. 616 sq. cm.
D. 924 sq. cm.
Ans:- A. 1232 sq.cm.
45. Every resident in a city can speak either Assamese or English or both. If 75% can speakAssamese and 45% can speak English, what percent can speak both. Assume that thenumber of residents is 100.
A. 45%
B. 25%
C. 30%
D. 20%
Ans:- D. 20%
46. There are four consecutive prime numbers written in ascending order. The product ofthe first three is 1001 and that of last three is 2431. The last number is -
A. 13
B. 17
C. 19
D. 23
Ans:- A. 13
47. There are six members namely A, B, C, D, E and F in a family. B is the son of C but Cis not the mother of B. A and C are married to each other. E is the brother of C. D is thedaughter of A. F is the brother of B. How many male members are there in the family.
A. 2
B. 3
C. 4
D. 5
Ans:- C. 4
48. Two pipes A and B can fill a tank in 20 hours and 30 hours respectively. If both pipesare opened simultaneously, how much time will be taken to fill the tank.
A. 15 hours
B. 12 hours
C. 10 hours
D. 18 hours
Ans:- B. 12 hours
49. Find the number of bricks, each measuring 10 inch x 5 inch x 3 inch, required toconstruct a wall 75 ft long, 8 ft high and 5 inch thick, if 10% of the wall is filled with morter.
A. 2880
B. 2952
C. 3168
D. 2592
Ans:- D. 2592
50. The sum of all the integers m such that -30 ≤ m < 29 is -
A. -30
B. 0
C. -59
D. 29
Ans:- C. -59
JAA(I-II)
Part-II (1-50)
Each question carries 2 marks
1. Which of the following statement is true?
A. There is no uniformity in the application of accounting conventions in different enterprises.
B. Convention of full disclosure is also known as convention of prudence.
C. Accounting conventions are established by law.
D. There is no personal bias in the adoption of accounting conventions.
Ans:- A. There is no uniformity in the application of accounting conventions in different enterprises.
2. On the basis of the following transactions, the closing capitalof the business will be:
(i) Owner's capital at the beginning Rs. 3,60,000
(ii) Creditors at the end Rs. 50,000
(iii) Income during the year Rs. 1,20,000
(iv) Expenses during the year Rs. 60,000
A. Rs. 4,20,000
B.Rs. 3,70,000
C.Rs. 3,10,000
D.Rs. 4,70,000
Ans:- A. Rs. 4,20,000
3. Assertion (A) Management of working capital refers to the management of current assets and current liabilities.
Reason (R) But the major thrust of course is on the management of current assets because current liabilities arise in the context of current assets.
A. Both (A) and (R) are correct.
B. (A) is correct and (R) is incorrect.
C. Both (A) and (R) are incorrect.
D. (A) is incorrect, but (R) is correct.
Ans:- B. (A) is correct and (R) is incorrect.
4. What would be the amount of depreciation for 3rd year in the following case ?
Cost of asset Rs. 2,00,000
Installation charges Rs. 10,000
Residual value Rs. 20,000
Useful life 10 years
A.Rs. 18,000
B.Rs. 19,000
C.Rs. 22,000
D.Rs. 21,000
Ans:- B.Rs. 19,000
5. Legal expenses incurred in purchasing a plot of land is -
A. Revenue expenditure
B. Revenue loss
C.Deferred revenue expenditure
D.Capital expenditure
Ans:- D.Capital expenditure
6. Which of the following books is called the king of books of accounts?
A. Journal
B. Ledger
C. Trial balance
D. Cash book
Ans:- B. Ledger
7. Assertion (A) Revenue expenses are written off in the year in which they are incurred
Reason (R) The benefit of revenue expenses is consumed within a year
A. Both (A) and (R) are correct.
B. (A) is correct and (R) is incorrect.
C. Both (A) and (R) are incorrect.
D. (A) is incorrect, but (R) is correct.
Ans:- A. Both (A) and (R) are correct.
8. Assertion (A): GST is a comprehensive levy and collection on both goods and services at the same rate with the benefit of input tax credit or subtraction of value.
Reason (R): GST is a destination-based tax and levied at a single point at the time of consumption of goods and services by the end consumer.
A. Both (A) and (R) are correct.
B. (A) is correct and (R) is incorrect.
C. Both (A) and (R) are incorrect.
D. (A) is incorrect, but (R) is correct.
Ans:- A. Both (A) and (R) are correct.
9. Assertion (A) According to conservatism principle valuation of inventory should be made at cost price or market price whichever is lower.
Reason (R) Inventory valuation is necessary when a business is going to be sold as a going concern.
A. Both (A) and (R) are correct.
B. (A) is correct and (R) is incorrect.
C. Both (A) and (R) are incorrect.
D. (A) is incorrect, but (R) is correct
Ans:- B. (A) is correct and (R) is incorrect.
10. Assertion (A) All the government revenue generated from taxes and earnings from state- run companies go into the Contingency Fund of India.
Reason (R) It is the duty of the finance department of Govt. of India to maintain Contingency Fund.
A. Both (A) and (R) are correct.
B. (A) is correct and (R) is incorrect.
C. Both (A) and (R) are incorrect.
D. (A) is incorrect, but (R) is correct
Ans:- C. Both (A) and (R) are incorrect.
11. Assertion (A) According to Article 248 of the Constitution of India, the President of India appoints the Comptroller and Auditor General of India by warrant under his hand and seal.
Reason (R) He has to uphold the constitution and the Law of Parliament in the field of financial administration.
A. (A) is true but (R) is false
B. (A) is false but (R) is true.
C. Both (A) and (R) are true but (R) is the correct explanation of (A)
D. Both (A) and (R) are true but (R) is not the correct explanation of (A)
Ans:- A. (A) is true but (R) is false
12. Who among the following a progressive tax?
A. Sales Tax
B. Custom Duty
C. Value Added tax
D.Income Tax
Ans:- D.Income Tax
13. As per the new tax regime, what is the exemption limit of Income tax for the financial year 2022-23?
A. Rs. 1,50,000
B. Rs. 2,50,000
C. Rs. 5,00,000
D. Rs. 7,50,000
Ans:- B. Rs. 2,50,000
14. Which of the following is not covered under Section 80D of Income tax Act, 1961?
A. Health insurance premium paid for self, spouse, children and parents
B. Payments made towards preventive health check-ups
C. Medical expenses incurred on maintaining the health of senior citizens without any medical insurance
D. Medical expenses incurred on the treatment of a dependent who is a person with a disability.
Ans:- D. Medical expenses incurred on the treatment of a dependent who is a person with a disability.
15. Which one of the following is not an error of commission for the purpose of audit?
A. Posting of wrong amount
B. Posting of wrong account
C. Posting a revenue item to a personal account
D. Posting to one side only
Ans:- C. Posting a revenue item to a personal account
16. Which one of the following Sections is not related to Tax Deducted at Source (TDS) as per Income tax Act?
A. Section 139
B.Section 193
C. Section 194
D.Section 206AA
Ans:- A. Section 139
17. Which one of the following Form is not used for filling TDS Returns?
A.Form 24Q
B.Form 25Q
C. Form 26Q
D. Form 27Q
Ans:- B.Form 25Q
18. Which one of the following investments/payments is not allowable deduction u/s 80C of Income Tax Act, 1961?
A. Contribution to Provided Fund
B. Subscription to National Savings Certificate
C. Interest paid on loan taken for higher education
D. Repayment of Housing Loan Principal amount
Ans:- C. Interest paid on loan taken for higher education
19. Which one of the following is not an exempted income as per Section 10 of Income Tax Act, 1961?
A. Agricultural Income
B. Share of profit of a partner from a firm
C. Retirement Compensation from a public sector Company
D. Self-employment income
Ans:- D. Self-employment income
20. Which one of the following items is taxable under GST?
A. Crude oil
B.High speed diesel
C.Aviation turbine fuel
D.Processed food items
Ans:- D.Processed food items
21. Which one of the following is not a capital asset as per Section 2(14) of the Income Tax Act, 1961?
A. Land and Building
B. Debentures
C. Jewellery
D. Motor car
Ans:- D. Motor car
22. Which one of the following is not a part of 'cash and cash equivalent' in a cash book?
A. Coins
B. Liquid securities
C. Certificate of deposit
D.Commercial paper
Ans:- B. Liquid securities
23. Accounting principles are not based on -
A.Objectivity
B. Verifiability
C.Confidentiality
D.Comparability
Ans:- C.Confidentiality
24. Which of the following does not need to be adjusted into the cash book balance?
A. Cheques mistakenly credited by bank
B. Cheques deposited but not cleared
C. Cheques issued but not presented
D. All of these
Ans:- A. Cheques mistakenly credited by bank
25. Assertion (A) As per Section 208, every person whose estimated tax liability for the year is more than Rs.10,000, shall pay his tax in advance.
Reason (R) But a resident senior citizen whose age is 60 years or above during the relevant financial year not having any income from business or profession is not liable to pay advance tax.
A. (A) is true but (R) is false
B. (A) is false but (R) is true.
C. Both (A) and (R) are true but (R) is the correct explanation of (A)
D. Both (A) and (R) are true but (R) is not the correct explanation of (A)
Ans:- B. (A) is false but (R) is true.
26. Which one of the following statements is false in respect of banking sector of India?
A. The Reserve Bank of India (RBI) was established on April 1, 1935 under the provisions of RBI Act, 1934.
B. The Central Office of RBI was initially established in Calcutta (now Kolkatta) but was permanently moved to Mumbai in 1948.
C. Though originally privately owned, since nationalisation in 1949, the RBI is fully owned by Government of India.
D. The current Chairman of RBI is Mr. Shaktikanta Das (As of now)
Ans:- B. The Central Office of RBI was initially established in Calcutta (now Kolkatta) but was permanently moved to Mumbai in 1948.
27. Which one of the following is false in respect of Section 80 of Income Tax Act, 1961?
A. Section 80C Investments
B. Section 80 CCC Pension Fund
C. Section 80CD Interest on Home Loan
D. Section 80 TTA interest on Savings Account
Ans:- C. Section 80CD Interest on Home Loan
28. Which one of the following is false in respect of Accounting Standards issued by the Institute of Chartered Accountants in India?
A. AS 1 Disclosure of Accounting Policies
B. AS 6 Accounting for Fixed Assets
C. AS 9 Revenue Recognition
D. AS 22 Accounting for taxes on income
Ans:- B. AS 6 Accounting for Fixed Assets
29. Which one of the following is not an example of fictitious assets?
A. Preliminary Expenses
B. Loss on issue of Debenture
C. Discount on issue of Shares
D. Cost of acquiring goodwill
Ans:- D. Cost of acquiring goodwill
30. Which of the following is a Capital Expenditure?
A. Carriage paid on goods purchased
B. Payment of compensation to a discharged employee
C. Legal expenses incurred for abuse of trademark
D. Cost of up gradation of software
Ans:- D. Cost of up gradation of software
31. Read the following statements in respect of Bank Reconciliation Statement.
(a) Bank Reconciliation statement is prepared by banks.
(b) When cash book balance shows positive balance, pass book balance shows negative balance
(c) Overdraft as per cash book means withdrawals exceed deposits
(d) When bank charges are debited in the pass book, that means your bank has deducted an amount for their services
A. Only (a) is false
B. (a) and (b) are false
C. (a), (b) and (c) are false
D. All are false
Ans:- B. (a) and (b) are false
32. Personal cash deposited into bank is recorded in the cash book on
A. Debit side
B. Credit side
C. Debit side and Credit side
D.None of the above
Ans:- D.None of the above
33. If wages paid for electric installation is debited to wages account, then it is an error of -
A. Commission
B. Principle
C. Omission
D. Compensation
Ans:- B. Principle
34. Which one of the following affects cash book?
A. Recording depreciation
B. Declaration of cash dividend
C. Write off of an uncollectible account receivable
D. Payment of an account payable
Ans:- D. Payment of an account payable
35. Which of the following item does not affect cash book?
A. Purchases
B. Sales
C. Commission accrued
D. Discount allowed
Ans:- C. Commission accrued
36. When sales = Rs.1,80,000, purchase = Rs. 1,60,000, opening stock = Rs. 44,000, rate of the gross profit is 20% on cost, the closing stock would be -
A. Rs. 25,000
B. Rs. 44,000
C. Rs. 54,000
D. Rs. 56,000
Ans:- C. Rs. 54,000
37. The cash price of a machine is 2,40,000. Rs. 60,000 being paid on delivery and the balance in three instalment of Rs. 70,000 each. The amount of interest included in 3rd instalment would be -
A. Rs. 20,000
B.Rs. 15,000
C.Rs. 10,000
D. Rs. 5,000
Ans:- D. Rs. 5,000
38. A machine was acquired in exchange of an old machine and Rs. 55,000 paid in cash. The carrying amount of the old machine was Rs. 2,00,000 whereas its fair value was Rs. 1,75,000 on the date of exchange. The historical cost of the new machine will be -
A. Rs. 2,00,000
B. Rs. 2,30,000
C. Rs. 2,55,000
D. None of the above
Ans:- B. Rs. 2,30,000
39. Which one of the following is a statutory deduction U/S 24 of Income Tax Act, 1961?
A. Interest on home loan
B.Interest on fixed deposit
C. Interest on savings bank account
D.Interest on car loan
Ans:- A. Interest on home loan
40. Which one of the following is not a deduction U/S 16 of Income Tax Act, 1961?
A. Professional Tax
B. Entertainment Allowance
C. House Rent Allowance
D. Standard Deduction Rs. 50,000
Ans:- C. House Rent Allowance
41. While preparing Bank Reconciliation Statement, if bank gives wrong credit of Rs. 300, it means bank balance as per cash book -
A.increases by Rs. 300
B.decreases Rs. 300
C. increases by Rs.600
D.decreases by Rs. 600
Ans:- B.decreases Rs. 300
42. When bank balance as per cash book is the starting point, payment made by the bank on the basis of standing instruction is -
A. Added
B. subtracted
C. not considered
D.None of the above
Ans:- B. subtracted
43. Which of the following tax has been abolished by GST?
A. Income tax
C. Service tax
B. Wealth tax
D.Corporation tax
Ans:- C. Service tax
44. Which of the following statement is incorrect in respect of cash book?
A. A contra entry is one which does not require posting to the ledger
B. Cash book is both a ledger and a special purpose book
C. Only cash transactions are recorded in the cash book
D. Discount account should be balanced in the cash book
Ans:- D. Discount account should be balanced in the cash book
45. Mr. A made a taxable supply of Rs. 2,00,000 to Mr. B on which GST chargeable is 18% (CGST rate @ 9% and SGST rate @ 9%) and Mr. B made taxable supply of the same goods after value addition of @ 20% to Mr. C on which GST chargeable is 18% (CGST rate @ 9% and SGST rate @ 9%). The amount of total GST to be deposited by Mr. B will be -
A. Rs. 12,000
C. Rs. 9,000
B. Rs. 10,800
D. Rs. 7,200
Ans:- D. Rs. 7,200
46. Which of the following statement is false?
A. Where accounting ends, auditing begins
B. Auditing is a systematic examination of books and other records of a business
C. The principal objective of audit is to discover errors and frauds, if there are any
D. The word audit has been derived from the Latin word 'audire'
Ans:- C. The principal objective of audit is to discover errors and frauds, if there are any
47. Any written evidence in support of a business transaction is called -
A. Journal
C. Cash Book
B. Ledger
D. Voucher
Ans:- D. Voucher
48. Which of the following is true?
A. Accounts receivable are found in the current asset section of a balance sheet.
B. Accounts receivable increase the value of debt owned by a business
C. Accounts receivable are generated when a customer makes payments.
D. Accounts receivable become more valuable over time.
Ans:- A. Accounts receivable are found in the current asset section of a balance sheet.
49. The preparation of a trial balance helps in -
A. Locating errors of complete omission
B. Locating errors of principle
C. Locating errors of commission
D. None of the above
Ans:- C. Locating errors of commission
50. When a cheque is drawn for office use, it is shown in the cash book as -
A. debit side item
B. credit side item
C. both debit and credit side item as contra entry
D. None of the above
Ans:- C. both debit and credit side item as contra entry