Kerala PSC Previous Years Question Paper & Answer
Page:5
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'SUPERINTENDENT-FINANCE' And exam conducted in the year 2017. And Question paper code was '028/2017/OL'. 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.
D:-What proportion of net profit has been used for paying interest and tax ?
Correct Answer:- Option-C
Question39:-Determination of the amount of provision for doubtful debts in accounting is
A:-Policy
B:-Estimate
C:-Parameter
D:-None of the above
Correct Answer:- Option-B
Question40:-Change in method of depreciation is a change in
A:-Accounting Policy
B:-Accounting Method
C:-Measurement Discipline
D:-None of the above
Correct Answer:- Option-A
Question41:-____ method is most suitable in times of decreasing the price of raw materials in the market.
A:-FIFO
B:-LIFO
C:-Base stock
D:-Average cost
Correct Answer:- Option-A
Question42:-Which among the following results in the over absorption of overheads ?
A:-Actual volume of output is less than the estimated lebvel of production
B:-Overhead actually incurred is more than the estimated overhead
:-Standard overhead recovery rate fixed is more than the actual
D:-None of the above
Correct Answer:- Option-C
Question43:-Breakeven point will not be changed if
A:-PN ratio is decreased
B:-Sales volume is decreased
:-Selling price per unit is decreased
D:-Variable cost per unit is decreased
Correct Answer:- Option-B
Question44:-Margin of safety is increased when
A:-Variable cost per unit is increased
ixed cost is decreased
C:-Selling price per unit is decreased
D:-Sales volume is decreased
Correct Answer:- Option-B
Question45:-Calculate Fixed cost if P/V ratio is 40% and Margin of Safety is Rs. 30,000, which is 15% of sales
A:-Rs. 68,000
-Rs. 70,000
C:-Rs. 75,000
D:-Rs. 1,70,000
Correct Answer:- Option-A
Question46:-Which among the following is correct ?
A:-Fixed Overhead Volume Variance = Capacity Variance + Calendar Variance + Efficiency Variance
-Fixed Overhead Capacity Variance = Volume Variance + Calendar Variance + Efficiency Variance
:-Fixed Overhead Cost Variance = Capacity Variance + Volume Variance + Efficiency Variance
D:-None of the above
Correct Answer:- Option-A
Question47:-Which among the following is not a costing technique ?
A:-Process Costing
-Standard Costing
C:-Marginal Costing
D:-Budgetary Control
Correct Answer:- Option-A
Question48:-Which of the following is not treated as selling and distribution overhead in cost accounts ?
A:-Advertisement
B:-Cash discount