Kerala PSC Previous Years Question Paper & Answer

Title : CHIEF INTERNAL AUDITOR KSEB
Question Code : A

Page:3


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'CHIEF INTERNAL AUDITOR KSEB' And exam conducted in the year 2015. And Question paper code was '131/2015'. Medium of question paper was in Malayalam or English . Booklet Alphacode was 'A'. Answer keys are given at the bottom, but we suggest you to try answering the questions yourself and compare the key along wih to check your performance. Because we would like you to do and practice by yourself.

page: 3 out of 12
Excerpt of Question Code: 131/2015

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Which of the following ratios indicates the short term liquidity of a business?
(^) Inventory turnover ratio (8) Debt-equity ratio
(C) Proprietary ratio 1 യ Acid test ratio

Notional cost is also known as :
(മ Variable cost (18) TImputed cost
(0) Out of pocket cost (D) Opportunity cost

A power house which generates and supplies power is called :
(A) Profit centre (B) Cost centre

(©) Service cost centre (D) Production cost centre

The value of abnormal loss is debited to :
(^) Material account (B) Process account

(0) Costing profit and loss account (D). Abnormal loss account

If the fixed cost is Rs. 20,000 and Profit-Volume (PV) ratio is 50%, the break-even will be :
(ಯ 1௨. 40,000 (B)- Rs. 1,00,000
(©) Rs. 80,000 (D) Rs. 20,000

Which of the following costing reduces the possibility of under pricing?
(ಯ) Marginal (B) Variable
(©) Absorption (D) Direct

The point at which joint products become separately identifiable is called :
(4) Post separation point (B) Split-off point
(©) Further processing stage (D) Point of separation

Costs involve cash outlay or payment to other parties is called :
(ಗಿ) ന of pocket cost (8) Period cost
(0 Book cost (D) Urgent cost

Which of the following can improve break-even point?
(ക) Increase in variable cost (B) Increase in sale price

(0 Increase in fixed cost (D) 17076886 17 88198 volume

5 131/2015


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