Kerala PSC Previous Years Question Paper & Answer

Title : Accountant/ Senior Assistant
Question Code :

Page:5


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Accountant/ Senior Assistant' And exam conducted in the year 2023. And Question paper code was '048/2023/OL'. Medium of question paper was in Malayalam or English . Booklet Alphacode was ''. 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: 5 out of 13
Excerpt of Question Code: 048/2023/OL

‘Question37:-The average daily sales of a company is Rs. 4 Lakhs. The company keeps a normal cash balance of Rs. 60,000 and the weighted operating cycle of the company is 30
days. What is the working capital requirement of the company 7

۸220.6 Lakhs
8:-180.2 Lakhs
೦-240 Lakhs
೭-880 Lakhs
Correct Answer Option-A

Question38:-X Lid is expected to disburse a dividend of Rs. 20 per share of Rs. 10, The current market price of a share is Rs. 80. What will be the cost of equity capital under dividend
yield method ?

۸-96
8:-33%
೦25%
0:30%
Correct Answer Option-C
Question39:-Which among the following is not an assumption of trrelevancy model of dividend by Modiglani and Miller ?
AcAll investors are expected to maximise their wealth
B:-The retum on investment remains constant
All investors have similar expectations
Dell investors behave rationally and believe that other market participants also behave rationally
Correct Answer:- Option-8

Question40 -Which among the following is used as a good technique for forecasting the attention of management on critical variables showing where additional analysis may be
beneficial before finally accepting a project ?

‘AsDecision tree
B:-Certainty equivalent
C+Simulation
D:-Sensitivity analysis
Correct Answer:- Option-D
Question4l:-If the current Ratio and Liquid ratio of a firm is 2.2 and 0.8 respectively and its current liabilities is Rs. 10 Lakhs, what is the value of closing stock held by the firm ?
ಸಿ24 10605
8:8 190075
೦೩2 405
0:22 105
ஜொலி தரள: ஜெப்ரி
Question42:-Which among the following will result in the application of funds ?
i, Sale of machinery
i, Issue of share capital
ili, Payment of dividend

iv. Purchase of land
४ Payment to creditors

7
16
Bell &
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Correct Answer- Option8
Question43:-Preparing budget figures for different levels of activity within a range, under flexible budget is
‘A:Budget cost allowance method
B:-Multi activity method

C-Formula method

-None of these
Correct Answer: Option-B
Question44:-Which among the following is not a method of accounting for price level changes ?
‘ACP method
B-CCA method
C:-Hybrid method
D:-EVA method
Correct Answer:- Option-D
೦065010೧45 -0/5 6(1) (0) of Income Tax Act, 1961, an individual is said to be a resident (ordinary resident) in India in any previous year if
‘A: He has been in India in the previous year for a period of 185 days or more
B-He has been in India in the previous year for a period of 365 days or more

C-He has been in India in the previous year for a period of 65 days or more

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