Kerala PSC Previous Years Question Paper & Answer
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Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Finance Manager' And exam conducted in the year 2023. And Question paper code was '119/2023/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.
Question17:-When an auditor is appointed by the Central Government, who fixes
the remuneration of the auditor
A:-Board of directors
B:-Central Government
C:-Shareholders
D:-Comptroller and auditor general
Correct Answer:- Option-B
Question18:-Verification in auditing refers to
A:-Examination of the actual existence of assets and liabilities appearing in
financial statements
B:-Estimation of the value of assets
C:-Examination of vouchers relating to various asset purchases
D:-Examination of books of accounts
Correct Answer:- Option-A
Question19:-Accounting of 'related party disclosure' is related to
A:-Ind AS 26
B:-Ind AS 24
C:-Ind AS 10
D:-Ind AS 12
Correct Answer:- Option-B
Question20:-An auditor in general is
A:-Agent of the government
B:-Agent of creditors of the company
C:-Agent of employees of the company
D:-Agent of the shareholders of the company
Correct Answer:- Option-D
Question21:-A cost auditor submits the final report to
A:-Board of directors
B:-Central Government
C:-Shareholders
D:-Both 1 and 2
Correct Answer:- Option-A
Question22:-Which of the following is not a function of an auditor?
A:-Physical verification of assets
B:-Checking the values of assets
C:-Vouching with the original documents