Kerala PSC Previous Years Question Paper & Answer

Title : Technical Education - Head of Section in Commercial Practice
Question Code : A


Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'Technical Education - Head of Section in Commercial Practice' And exam conducted in the year 2022. And Question paper code was '63/2022/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.

page: 3 out of 14
Excerpt of Question Code: 63/2022/OL

D:-None of the above
Correct Answer: Option:

‘Question15::Which of the following statements are true?
(i) Common-size balance sheet shows relative value of the various items

0) In the common size income statement, each product is represented as a percentage of the net sales figure
(ii) Common size income statements represent the various elements as a percentage of the gross profit

B:-Both 0) are (i)
೦-80 6) and ti)

ലല ofthe above
Correct Answer: Option ®

Question16:-Break Even Sales in value will be if, selling price Rs. 40 p ७, Variable manufacturing cost Rs. 22 p.u, Vatiable selling cost Rs. 3 p.u., Fixed factory overhead Rs.
1,60,000 Fixed selling cost Rs. 20,000.

‎Correct Answer: Option-C
Question17:-f raw materials prices are inflated, which of the following stock valuation methods will show the lowest gross profit?
‘AcLast In First Out (LIFO)
Bs-First In First Out (FIFO)
CeReplacement Cost
D-Simple Average
Correct Answer:- ೦೧000
Question18:-Labour tumover rate is correctly defined as:
കസം number of employees who completed the required job training program
B:-The degree of mobility of employees from one department to another
C-The total number of employees replaced divided by the average number of employees in the payroll
ണം number of employees selected in each year
Correct Answer: Option-C
Question19:-Angle of incidence is the angle at which
കന്തി revenue line intersects the total cost line
B:Total cost line intersects the variable cost ine
C:Variable cost line intersects fixed cost line
D:-Fixed cost line intersects total revenue line
Correct Answer:- ೦೧000

‘Question20::Which of the following statement is/are correct

(i). Standard costing is an estimated or predetermined cost of performing an operation, or producing a good or service, under normal conditions

(ii) Standard costing is a control technique that reports variances by comparing actual cost to pre-determined standards so facilitating action through management by exception
கரடி 0)

B-Only (i)
೦8000 (i) and (1)
D:-None of the above

Correct Answer: Option-C

Question21:-A firm has fixed expenses Rs. 2,50,000, sales Rs. 4,00,000 and profit Rs. 80,000. The P/V ratio of the firm is

Correct Answer: ೦೧0078.
Question22:-Integral accounts eliminate the necessity of operating
‘AcCost Ledger control account

B:-Store Ledger control account

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Technical Education - Head of Section in Commercial Practice : Video