# Solved Paper JOA Accounts Exam 2021 [Part-3] – HPSSC Hamirpur

By | August 21, 2021

121. PAN contains………… alphabets.

1. 5
2. 6
3. 10
4. 8

122. Which constitutional amendment is done to pass the GST Bill ?

1. 101st Amendment
2. 103rd Amendment
3. 105th Amendment
4. None of these

123. Calculate the Debt to equity ratio, given the total assets = Rs. 1,253 and total owner equity = Rs. 827.

1. 12
2. 52
3. 83
4. 27

124. In times of falling demand, selling price can be fixed at this point, stated mathematically ?

1. SP=FC+VC
2. SP<VC
3. SP>VC
4. SP=VC

125. A market consisting of single seller and a single buying is called

1. Monopoly
2. Bilateral monopoly
3. Discriminating monopoly
4. None of these

126. ‘Catalogue Marketing’ is a form of

1. Online marketing
2. Direct marketing
3. Indirect marketing
4. None of these

127. Internal rate of return is the rate at which

1. NPV is positive
2. NPV is negative
3. NPV is zero
4. None of these

128. Sensitivity training was developed by

1. Chris Argyris
2. Michael Porter
3. Kurt Lewin
4. Dalton E. McFarland

129. NEFT was launched by RBI in

1. 2005
2. 2006
3. 2004
4. 2007

130. It is the ‘soft loan window’ of IRBD?

1. WB
2. IMF
3. IDA

131. Point out the period for which EXIM policy is announced.

1. One year
2. Five years
3. Two years
4. Bi-yearly

132. Marginal cost equation is

1. F-V-P=S
2. S-F=V+P
3. S-V=F+P
4. S+P=F+V

133. The NPA provision coverage stipulation set by RBI?

1. 50%
2. 60%
3. 70%
4. 80%

134. Which of the following is true for normal distribution ?

1. Q3-Q2=Q2-Q1
2. MEDIAN>Mode>Mean
3. AM>GM>HM
4. Mode =3 Median-2 Mean

135. When the value of r is zero, the regression lines intersect each other at an angle of

1. 40°
2. 60°
3. 90°
4. Paraller to OX and OY

136. The limit of population can be estimated by one of the following :

1. R+-PE
2. R+-3PE
3. R+-SE
4. None of these

137. When an interviewer expects his own knowledge, skill and values in a candidate, it is known as

1. Personal bias
2. Halo effect
3. Constant error
4. Projection error

138. If there is no fixed cost

1. Operating leverage will be zero
2. Operating leverage will be one
3. Financial leverage will be zero
4. Financial leverage will be one

139. HRP is rarely required in case

1. Ancillarisation
2. Sub-contracting
4. All of these

140. Deduction in respect of contribution to an NPS (New Pension Scheme) be available u/s

1. 80 CCD
2. 80 CCC
3. 80 CCB
4. 80 CCG

141. Pin money received by wife for her personal expenses from her husband

1. Will not be treated as her income
2. Will be treated as her income
3. Will be taxed at flat 10%
4. None of these

142. This is good for national development and strengthening economic and political situation

1. Tax Avoidance
2. Tax Planning
3. Tax Evasion
4. None of these

143. Independent float system of exchange rate is also called

1. Managed float
2. Dirty float
3. Clean float
4. None of these

144. The import of goods for the purpose of re-exporting them is known as

145. Which kind of loss cannot be carried forward if the return of loss is not submitted in time?

2. Capital loss
3. Loss from activity cannot be forward if the return of loss is not submitted.
4. All of above

146. The following incomes will not be exempted under Section-10 :

1. Agricultural income
2. Income from local Authority
3. Leave salary
4. None of these

147. The Factories Act, 1948 deals with the health of workers in India. Which Section covers the cleanliness provisions at the factory ?

1. Sec-11
2. Sec-12
3. Sec-13
4. Sec-21

148. Which of the following is a group incentive plan ?

1. Ravan plan
2. Halsey plan
3. Privestman Bonus plan
4. Gantt’s Task and Bonus plan

149. When more autonomy is provided in a job, it is tantamount to

1. Job simplification
2. Job enlargement
3. Job enrichment
4. Job rotation

150. Procurement function is concerned with

1. Job Evaluation
2. Payroll
3. Induction
4. Training

151. Which of the following is not a consumer sales promotional tool?

1. Free samples
3. Bonus packs
4. Frequent user reward

152. The merging of consumers, products, prices and retailers is called

1. Marketing convergence
2. Channel convergence
3. Distribution convergence
4. Retail convergence

153. Tender pricing is generally used by

1. Agencies
2. Private agencies
3. Detective agencies
4. Technical agencies

154. In India credit rating agencies are governed by

1. RBI
2. SEBI
3. RBI and SEBI
4. None of these

155. Identify the accounting system that has a built-in mechanism to report transactions at current cost at the date of reporting.

1. Depreciation accounting
2. Responsibility accounting
3. Inflation accounting
4. Social accounting

156. A mutual fund without a sales charge is called

1. A loan fund
2. A no loan fund
3. Index fund
4. An aggressive growth fund

157. The common accounting software used for recording transactions and report is

1. ERP
2. Tally
3. EX
4. None of these

158. The concept of Demat was introduced in the Indian Capital Market in the year

1. 1996
2. 1995
3. 1997
4. 1998

159. SEBI was constituted as a statutory and an autonomous body on

1. March 1993
2. March 1991
3. March 1992
4. March 1994

160. This is a kind of an option.

1. Warrants
2. Leaps
4. All of these

161. Credit rating indicates

1. Operating risk of the entity
2. Financial risk of entity
3. Comprehensive risk of the entity
4. Risk of financial instruments

162. What is the primary goal of financial management?

1. To minimize the risk
2. To maximize the owner’s wealth
3. To maximize the return
4. To raise profit

163. The market value of share is responsible for

1. The investment market
2. The Govt.
3. Shareholders
4. The respective companies

164. From the below mentioned items, which are financial assets?

1. Machines
2. Bonds
3. Stocks
4. Band

165. Information that is used by investors for expecting future earnings is recorded in

1. Annual Report
2. Five Year Report
3. Exchange Report
4. Stock Report

166. Financial securities which can be changed into cash to their book value price are categorized as

1. Short term investment
2. Inventories
3. Long term investment
4. Cash equivalents

167. Deferred shares are generally issued to

1. Govt
2. General Public
3. Promoters
4. Managing Agents

168. The official signature of company is called

1. Prospectus
2. Debenture
3. Common seal
4. Shares

169. The company is managed by the group of persons known as

1. Board of Directors
2. Group of Member
3. Team of Shareholders
4. None of the above

170. In Trial Balance, which accounts with normal balance is recorded at the credit side?

1. Bank Account
2. Equipment Account
3. Cash a/c
4. Accrued Expenses a/c