Kerala PSC Previous Years Question Paper & Answer
Page:6
Below are the scanned copy of Kerala Public Service Commission (KPSC) Question Paper with answer keys of Exam Name 'SUPERINTENDENT FINANCE KERALA AGRO MACHINERY CORPORATION LTD' 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.
C:-Salesmen salary
D:-None of the above
Correct Answer:- Option-B
Question49:-Materials requisition denotes
A:-An authorisation to store keeper to issue materials
B:-Formal demand to the purchase department to purchase an item
C:-List of materials required for a particular job
D:-None of the above
Correct Answer:- Option-A
Question50:-Which of the following is included in Cost accounts 7
A:-Bad debt
B:-Loss due to strike
C:-Income tax paid
D:-Underwriting commission
Correct Answer:-Question Cancelled
Question51:-Which of the following item is not added/subtracted to/from purchase price to amive at the material cost price
in cost accounting 7
A:-Trade discount allowed by the suppliers
B:-Quantity discount allowed by the suppliers
C:-Cash discount allowed by the suppliers
D:-Excise duty paid for the goods purchased
Correct Answer:- Option-C
Question52:-Which of the following is not a method of pricing of material issue 7
A:-HIFO Method
B:-Inflated Price Method
C:-Standard Price Method
D:-None of the above
Correct Answer:- Option-D
Question53:-Time booking means
A:-Correct recording of employees' attendance time
B:-Recording actual time taken by worker on various jobs
C:-Recording of employees' attendance, absence, normal loss and abnormal loss of working hours
D:-All the above
Correct Answer:- Option-B
Question54:-Rowan Plan is an example of
A:-Time rate system
B:-Piece rate system
C:-Incentive scheme
D:-Differential piece rate system
Correct Answer:- Option-C
Question55:-Over-absorbed or under-absorbed overheads may be disposed off by
A:-Use of supplementary rate
B:-Write off to Costing Profit and Loss Account
C:-Carry forward to the next year's account
D:-All the above
Correct Answer:- Option-D
Question56:-Prime cost plus variable overheads is known as
A:-Cost of sales
B:-Production cost
C:-Marginal cost
D:-Total cost
Correct Answer:- Option-C
Question57:-In process costing, will not affect the cost of inventory.
A:-Normal 1೧55
B:-Abnormal loss
C:-Standard loss
D:-Seasonal loss
Correct Answer:- Option-B
Question58:-In sugar industry, molasses is