Kerala PSC Previous Years Question Paper & Answer
Page:7
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'General Manager' And exam conducted in the year 2023. And Question paper code was '133/2023/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.
A:-Accrued liabilities
B:-Acceptances
C:-Contingent liabilities
D:-Short term provisions
Correct Answer:- Option-A
Question30:- principle tries to evaluate each and every transaction in
terms of its impact on owner's equity.
A:-Realisation
B:-Accrual
C:-Revenue recognition
D:-Evaluation
Correct Answer:- Option-B
Question31:-Which of the following statement/s is/are correct about current ratio?
(i) Current ratio represents the margin of safety available to creditors and other
current
liabilities
(ii) Current ratio measures only quality and not quantity of current assets and
current liabilities
(iii) Current ratio can be easily manipulated by excluding certain short term
liabilities from current liabilities
A:-Statement (i) only
B:-Statement (i) and (ii) only
C:-Statement (i), (ii) and (iii)
D:-Statements (i) and (iii) only
Correct Answer:- Option-D
Question32:-lf current liabilities are Rs. 25,000, Quick ratio is 1.5:1 Inventory Rs.
12,500, what is the amount of current assets?
A:-Rs. 12,500
B:-Rs, 25,000
C:-Rs. 37,500
D:-Rs. 50,000
Correct Answer:- Option-D
Question33:-Which of the following statements is/are correct?
(i) Debt-equity ratio is a solvency ratio
(ii) Operating leverage is also known as Trading on equity
(iii) Return on capital employed is a turnover ratio
A:-Statement (i) only
B:-Statement (i) and (ii) only
C:-Statements (i), (ii) and (iii)