Accounts Assistant LAHDC Examination MCQs with solutions

1. SVEEP programme is related to:

A

Cleanliness

B

Voter Literacy

C

Mars landing programme

D

Urban Amenities Development

General Awareness Accounts Assistant LAHDC
Correct Answer: B
Explanation

Systematic Voter`s Education and Electoral Participation program, better known as SVEEP, is the flagship program of the Election Commission of India for voter education, spreading voter awareness and promoting voter literacy in India.

Correct Answered :

Wrong Answered :

2. What other viruses belong to the coronavirus family:

A

SARS and Influenzas

B

SARS and MERS

C

SARS and HIV

D

Zika Virus and SARS

Diseases Accounts Assistant LAHDC
Correct Answer: B
Explanation

SARS and MERS

Correct Answered :

Wrong Answered :

3. Chip bags contain which gas:

A

Oxygen

B

Hydrogen

C

Carbon Dioxide

D

Nitrogen

Gases Accounts Assistant LAHDC
Correct Answer: D
Explanation

Chips packets are filled with nitrogen because it is an inert gas, which prevents the oxidation of oils present in chips.

Correct Answered :

Wrong Answered :

4. Which is the largest blood vessel in the body?

A

Alveoli

B

Artery

C

Aorta

D

Vein

Human Body Accounts Assistant LAHDC
Correct Answer: C
Explanation

The largest artery is the aorta, the main high-pressure pipeline connected to the heart`s left ventricle. The aorta branches into a network of smaller arteries that extend throughout the body. The arteries smaller branches are called arterioles and capillaries.

Correct Answered :

Wrong Answered :

5. Which of the following is a non metal that remains liquid at room temperature:

A

Phosphorous

B

Bromine

C

Chlorine

D

Helium

Periodic Table Accounts Assistant LAHDC
Correct Answer: B
Explanation

Mercury exists as liquid at room temperature, but bromine is a non metal which is liquid at room temperature.

Correct Answered :

Wrong Answered :

6. Plants absorb most of the water needed by them through their

A

Embryonic zone

B

Zone of elongation

C

Root hairs

D

Growing point

Plant Life Accounts Assistant LAHDC
Correct Answer: C
Explanation

While plants can absorb water through their leaves, it is not a very efficient way for plants to take up water. If water condenses on the leaf during high humidity, such as fog, then plants can take in some of that surface water. The bulk of water uptake by most plants is via the roots.

Correct Answered :

Wrong Answered :

7. Nipah is a zoonotic paramyxovirus; where did it originate:

A

Originated from Rats

B

Originated from Bats

C

Originated from Humans

D

Originated from Lab

Diseases Accounts Assistant LAHDC
Correct Answer: B
Explanation

Originated from Bats

Correct Answered :

Wrong Answered :

8. AIDS virus has:

A

Single-stranded RNA

B

Single-stranded DNA

C

Double-stranded RNA

D

Double-stranded DNA

Diseases Accounts Assistant LAHDC
Correct Answer: A
Explanation

AIDS is a deadly disease caused by HIV (human immunodeficiency virus). The virus has an envelope of protein coat enclosing the Single stranded RNA genome with reverse transcriptase. The core is surrounded by a protein coat called p24. Outside this protein coat is a layer of another protein called p17.

Correct Answered :

Wrong Answered :

9. 73rd Constitutional Amendment does not apply to which of the following states:

A

Meghalaya

B

Goa

C

Sikkim

D

Himachal Pradesh

Polity Accounts Assistant LAHDC
Correct Answer: A
Explanation

Meghalaya, Mizoram and Nagaland – The 73rd Constitutional Amendment Act is not applicable to these three States, as the traditional local institutions of self-government exist in these Schedule VI States.

Correct Answered :

Wrong Answered :

10. Who amongst the following has been conferred with Padma Vibhushan:

A

Dr Tsering Landol

B

Kushok Bakula Rinpochey

C

Dr Tsering Nurbu

D

None of the above

General Awareness Accounts Assistant LAHDC
Correct Answer: D
Explanation

None of the above

Correct Answered :

Wrong Answered :

11. Luxury goods have______ degree of elasticity:

A

High

B

Low

C

Moderate

D

Completely inelastic

Elasticity of Demand Accounts Assistant LAHDC
Correct Answer: A
Explanation

Compared to essential goods, luxury items are highly elastic. Goods with many alternatives or competitors are elastic because, as the price of the good rises, consumers shift purchases to substitute items. Incomes and elasticity are related—as consumer incomes increase, demand for products increases as well.

Correct Answered :

Wrong Answered :

12. Which of the following is not a method of measurement of price elasticity of demand in economics:

A

Expenditure method

B

Double method

C

Point method

D

Arc method

Elasticity of Demand Accounts Assistant LAHDC
Correct Answer: B
Explanation

Double method

Correct Answered :

Wrong Answered :

13. In the short run if the price is above the average total cost in a monopolistic competitive market, the firm makes:

A

Profits and new firms join the market

B

Profit and bar entry to new firms

C

Makes losses and exit the market

D

Quick profit and disappears

General Economics Accounts Assistant LAHDC
Correct Answer: A
Explanation

In the short-term, it is possible for economic profits to be positive, zero, or negative. When price is greater than average total cost, the firm is making a profit.

Correct Answered :

Wrong Answered :

14. Oligopoly market is known for:

A

Price flexibility

B

Price rigidity

C

Price discrimination

D

All the three

Types of Market Accounts Assistant LAHDC
Correct Answer: B
Explanation

Price rigidity

Correct Answered :

Wrong Answered :

15. Market equilibrium of a commodity is determined by:

A

Balancing of demand and supply position

B

Aggregate demand

C

Aggregate supply

D

Government intervention

General Economics Accounts Assistant LAHDC
Correct Answer: A
Explanation

Balancing of demand and supply position

Correct Answered :

Wrong Answered :

16. The terms Micro economic and Macro economics were coined by:

A

Professor A Samulson

B

Giffen

C

Prof. Ragner Frisch

D

Eagle

General Economics Accounts Assistant LAHDC
Correct Answer: C
Explanation

Prof. Ragner Frisch

Correct Answered :

Wrong Answered :

17. Which of these are outside the domain of macro economics:

A

Consumer behavior

B

National income

C

Economic growth

D

Balance of payment and trade

General Economics Accounts Assistant LAHDC
Correct Answer: A
Explanation

Consumer behavior

Correct Answered :

Wrong Answered :

18. Higher PPC curve indicates:

A

More production of both the things with increase in technology or factor inputs supply

B

More production of one at the expense of other

C

More production of one items at the expense of other with increase in technology or factor input supply

D

Less than full employment situation

General Economics Accounts Assistant LAHDC
Correct Answer: A
Explanation

More production of both the things with increase in technology or factor inputs supply

Correct Answered :

Wrong Answered :

19. Which of the following methods is/are used for measuring national income:

A

Output method

B

Expenditure method

C

Income method

D

All of above

General Economics Accounts Assistant LAHDC
Correct Answer: D
Explanation

All of above

Correct Answered :

Wrong Answered :

20. GDP at factor cost exceeds GDP at market price:

A

When the factor income from abroad is negative

B

When depreciation on fixed capital exceeds income in investment

C

When direct tax exceeds indirect tax

D

When subsidies exceeds indirect taxes

GDP Accounts Assistant LAHDC
Correct Answer: D
Explanation

When subsidies exceeds indirect taxes

Correct Answered :

Wrong Answered :

21. People`s Plan Campaign, also known as “Sabki Yojana Sabka Vikas” is associated with:

A

Gram Panchayat Development Plans

B

Urban Development Plans

C

JJM

D

None of the above

CSS Accounts Assistant LAHDC
Correct Answer: A
Explanation

Gram Panchayat Development Plans

Correct Answered :

Wrong Answered :

22. The budget line is also known as the:

A

iso-utility curve

B

production possibility line

C

isoquant

D

consumption possibility line

Budget Accounts Assistant LAHDC
Correct Answer: D
Explanation

consumption possibility line

Correct Answered :

Wrong Answered :

23. Which one is not an assumption of the theory of demand based on analysis of indifference curves:

A

given scale of preferences as between different combinations of two goods

B

diminishing marginal rate of substitution

C

constant marginal utility of money

D

consumers would always prefer more of a particular good to less of it, other things remaining the same

Indifference Curve Accounts Assistant LAHDC
Correct Answer: C
Explanation

constant marginal utility of money

Correct Answered :

Wrong Answered :

24. The consumer is in equilibrium at a point where the budget line:

A

is above an indifference curve

B

is below an indifference curve

C

is tangent to an indifference curve

D

cuts an indifference curve

Indifference Curve Accounts Assistant LAHDC
Correct Answer: C
Explanation

is tangent to an indifference curve

Correct Answered :

Wrong Answered :

25. An isoquant slopes usually:

A

downward to the left

B

downward to the right

C

upward to the right

D

upward to the left

General Economics Accounts Assistant LAHDC
Correct Answer: B
Explanation

downward to the right

Correct Answered :

Wrong Answered :

26. UT Administration Ladakh recently signed MoU with __________ for upgradation of road network in UT Ladakh:

A

BRO

B

NHIDCL

C

NHAI

D

None of the above

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

BRO

Correct Answered :

Wrong Answered :

27. A man presses more weight on earth at:

A

Sitting position

B

Standing Position

C

Lying Position

D

None of these

Pressure Accounts Assistant LAHDC
Correct Answer: B
Explanation

Standing Position

Correct Answered :

Wrong Answered :

28. Which acid is used in the body to help digestion:

A

Hydrochloric Acid

B

Sulphuric Acid

C

Acetic Acid

D

Boric Acid

Acids Accounts Assistant LAHDC
Correct Answer: A
Explanation

Hydrochloric Acid

Correct Answered :

Wrong Answered :

29. If A and B be two matrices of the same order, then

A

A + B ≠ A + B

B

A = B

C

A + B = B + A

D

none of the above

Matrices Accounts Assistant LAHDC
Correct Answer: C
Explanation

A + B = B + A

Correct Answered :

Wrong Answered :

30. Google Chrome is a :

A

Operating System

B

Compiler

C

Browser

D

IP address

Computer Fundamentals Accounts Assistant LAHDC VERIFIED
Correct Answer: C
Explanation

Browser

Correct Answered :

Wrong Answered :

31. Determine the probability of drawing either an ace or a heart from a standard deck of 52 cards:

A

16/52

B

17/52

C

4/52

D

13/52

Probability Accounts Assistant LAHDC
Correct Answer: A
Explanation

16/52

Correct Answered :

Wrong Answered :

32. Revised probability is also know as:

A

Prior Probability

B

Posterior probability

C

Joint probability

D

None of the above

Probability Accounts Assistant LAHDC
Correct Answer: B
Explanation

A posterior probability, in Bayesian statistics, is the revised or updated probability of an event occurring after taking into consideration new information. The posterior probability is calculated by updating the prior probability using Baye`s theorem.

Correct Answered :

Wrong Answered :

33. What is the probability of at least two heads on three tosses of a fair coin:

A

0.125

B

0.5

C

1

D

0.25

Probability Accounts Assistant LAHDC VERIFIED
Correct Answer: B
Explanation

Sample space: {HHH, HTH,THH,TTH, HHT, HTT,THT,TTT​}

Total number of possible outcomes=8

Probability of getting at least two heads is:

P(A)=P(getting two heads)+P(getting 3 heads)

= 3/8 + 1/8

= 4/8 = 1/2 = 0.5

Correct Answered :

Wrong Answered :

34. Which of the following statement is correct:

A

The inverse of the inverse is the original matrix itself

B

The inverse of the inverse is always null matrix

C

The inverse of the inverse is not possible

D

None of the above

Matrices Accounts Assistant LAHDC
Correct Answer: A
Explanation

The inverse of the inverse is the original matrix itself

Correct Answered :

Wrong Answered :

35. Which of the following sets has only one subset:

A

{x,y}

B

{x}

C

{y}

D

{ }

Set Theory Accounts Assistant LAHDC
Correct Answer: D
Explanation

{ }

Correct Answered :

Wrong Answered :

36. Sampling error can be reduced by:

A

Non-probability sampling

B

Probability sampling

C

Decreasing the sample size

D

Increasing the sample size

Sampling Error Accounts Assistant LAHDC
Correct Answer: D
Explanation

Increasing the sample size

Correct Answered :

Wrong Answered :

37. When a random sample is drawn from each stratum, it is known as:

A

Simple random sampling

B

Stratified random sampling

C

Probability sampling

D

Purposive sampling

Sampling Accounts Assistant LAHDC
Correct Answer: B
Explanation

Stratified random sampling

Correct Answered :

Wrong Answered :

38. Open-ended questions provide primarily ______ data:

A

Confirmatory data

B

Qualitative data

C

Predictive data

D

None of the above

General Statistics Accounts Assistant LAHDC
Correct Answer: B
Explanation

Qualitative data

Correct Answered :

Wrong Answered :

39. Which of the following terms best describes data that were originally collected at an earlier time by a different person for a different purpose:

A

Primary data

B

Secondary data

C

Experimental data

D

Field notes

Methods of collecting Data Accounts Assistant LAHDC
Correct Answer: B
Explanation

Secondary data

Correct Answered :

Wrong Answered :

40. Who won men`s 200 mtr Gold at Tokyo Olympics:

A

Enoch Adegoke

B

Fred Kerley

C

Andre De Grasse

D

Marcell Jacobs

Tokyo Olympics Accounts Assistant LAHDC
Correct Answer: C
Explanation

Andre De Grasse

Correct Answered :

Wrong Answered :

41. Glue Grant Scheme initiated by which of the following ministry:

A

Ministry of Education

B

Ministry of Health

C

Ministry of Commerce

D

Ministry of Sports

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

Ministry of Education

Correct Answered :

Wrong Answered :

42. Government of India released Area Officer Monitoring App. What is the purpose of this App:

A

Monitoring Schemes of Rural Development Department

B

Monitoring Schemes of Urban Development Department

C

Monitoring Schemes of Agriculture Ministry

D

None of the above

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

Monitoring Schemes of Rural Development Department

Correct Answered :

Wrong Answered :

43. How many goals and targets are there in SDGs:

A

15 and 129

B

16 and 149

C

17 and 169

D

18 and 189

SDG Accounts Assistant LAHDC
Correct Answer: C
Explanation

17 and 169

Correct Answered :

Wrong Answered :

44. World Monument Fund an international agency dedicated to the preservation cultural heritage sites around the world supported conservation project in which of the following monuments in Ladakh:

A

Alchi Monastery

B

Saspol Caves

C

Hemis Monastery

D

Petroglyph sites at Domkhar

General Awareness Accounts Assistant LAHDC
Correct Answer: B
Explanation

Saspol Caves

Correct Answered :

Wrong Answered :

45. Bank Reconciliation Statement is:

A

Ledger Account

B

Part of cash book

C

A separate statement

D

A subsidiary of Journal

BRS Accounts Assistant LAHDC
Correct Answer: C
Explanation

A separate statement

Correct Answered :

Wrong Answered :

46. The credit side of a profit and loss account records:

A

Direct Expenses

B

Direct Income

C

Indirect Expenses

D

Indirect Income

P & L Accounts Assistant LAHDC
Correct Answer: D
Explanation

Indirect Income

Correct Answered :

Wrong Answered :

47. The 73rd Amendment Act emanates from the:

A

Article 38

B

Article 40

C

Article 44

D

Article 52

Polity Accounts Assistant LAHDC
Correct Answer: B
Explanation

Article 40

Correct Answered :

Wrong Answered :

48. Project Sunrise is associated with which of the following:

A

HIV

B

TB

C

COVID-19

D

Hepatitis B

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

HIV

Correct Answered :

Wrong Answered :

49. Lovlina Borgohain, Indian boxer who won bronze medal at Tokyo 2020 Olympics in which of the following category:

A

Lightweight

B

Welterweight

C

Middleweight

D

Flyweight

Tokyo Olympics Accounts Assistant LAHDC
Correct Answer: B
Explanation

Welterweight

Correct Answered :

Wrong Answered :

50. What is the Mascot of Tokyo Olympics 2020:

A

Miraitowa

B

Vinicius

C

Miga

D

Pandi

Tokyo Olympics Accounts Assistant LAHDC
Correct Answer: A
Explanation

Miraitowa

Correct Answered :

Wrong Answered :

51. Treaty of Tingmosgang in later part of 1600 has been signed between:

A

Ladakh and Mughal Governor of Kashmir.

B

Ladakh and Tibet

C

Ladakh and Baltistan

D

None of the above

General Awareness Accounts Assistant LAHDC
Correct Answer: B
Explanation

Ladakh and Tibet

Correct Answered :

Wrong Answered :

52. Who among the following made the supreme sacrifice at LAC last year, whose bust was recently unveiled at Jive Tsal, Choglamsar:

A

Company Leader Nyima Tenzin

B

Company Havaldar Tenzin Bhoti

C

Company Havaldar Tenzin Bhoti

D

Company Havaldar Tenzin Bhoti

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

Company Leader Nyima Tenzin

Correct Answered :

Wrong Answered :

53. Which amongst the following is the largest non-polar glacier in the Ladakh:

A

Saichen glacier

B

Parkachik glacier

C

Rimo glacier

D

Drang Drung glacier

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

Saichen glacier

Correct Answered :

Wrong Answered :

54. Which year is called the demographic divide in India:

A

1881

B

1901

C

1921

D

1951

General Awareness Accounts Assistant LAHDC
Correct Answer: C
Explanation

1921

Correct Answered :

Wrong Answered :

55. With reference to Bharat Net Project, consider the following statements:
1. It is the world`s largest rural broadband connectivity programme using Optical fibre.
2. It is being implemented by the Ministry of Electronics and Information Technology. Which of the statements given above is/are correct:

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

General Awareness Accounts Assistant LAHDC
Correct Answer: A
Explanation

1 only

Correct Answered :

Wrong Answered :

56. Which of the following is not an item of Balance Sheet:

A

Accounts receivable

B

Accounts payable

C

Sales revenue

D

Marketable securities

Balance Sheet Accounts Assistant LAHDC
Correct Answer: C
Explanation

Sales revenue

Correct Answered :

Wrong Answered :

57. The loudness of sound varies directly with the vibrating body`s:

A

intensity

B

amplitude

C

pitch

D

quality

Sound Accounts Assistant LAHDC
Correct Answer: B
Explanation

amplitude

Correct Answered :

Wrong Answered :

58. The software designed to perform a specific task:

A

Synchronous Software

B

Package Software

C

Application Software

D

System Software

Basic Computer Accounts Assistant LAHDC VERIFIED
Correct Answer: C
Explanation

Application Software

Correct Answered :

Wrong Answered :

59. The only language which computer understands is:

A

Assembly Language

B

Binary Language

C

BASIC

D

C Language

Computer Fundamentals Accounts Assistant LAHDC VERIFIED
Correct Answer: B
Explanation

Binary Language

Correct Answered :

Wrong Answered :

60. WAN stands for:

A

Wap Area Network

B

Wide Area Network

C

Wide Array Net

D

Wireless Area Network

Abbreviations Accounts Assistant LAHDC VERIFIED
Correct Answer: B
Explanation

Wide Area Network

Correct Answered :

Wrong Answered :

61. A “URL” is a formatted text string used by web browsers, email clients and other software to identify a network resource on the Internet. It stands for:

A

Universal Resource Link

B

Uniform Resource Locator

C

Unlimited Resource Locator

D

Universal Reference Link

Abbreviations Accounts Assistant LAHDC VERIFIED
Correct Answer: B
Explanation

Uniform Resource Locator

Correct Answered :

Wrong Answered :

62. HTTP stands for:

A

Hyper Text Transfer Protocol

B

Hyper Timed Text Protocol

C

Hiper Text Transfer Protocol

D

Hopper Text Timer Protocol

Abbreviations Accounts Assistant LAHDC VERIFIED
Correct Answer: A
Explanation

Hyper Text Transfer Protocol

Correct Answered :

Wrong Answered :

63. One (1) Gigabyte (GB) is equal to:

A

1024 bytes

B

1024 KB

C

1024 MB

D

1024 TB

Computer Fundamentals Accounts Assistant LAHDC VERIFIED
Correct Answer: C
Explanation

1024 MB

Correct Answered :

Wrong Answered :

64. You can activate a cell in Microsoft Excel by:

A

Pressing the Tab key

B

Clicking the cell

C

Pressing an arrow key

D

All of the above

MS Excel Accounts Assistant LAHDC VERIFIED
Correct Answer: D
Explanation

All of the above

Correct Answered :

Wrong Answered :

65. To apply center alignment to a paragraph in MS Word we can press:

A

Ctrl + S

B

Ctrl + C

C

Ctrl + C + A

D

Ctrl + E

MS Word Accounts Assistant LAHDC VERIFIED
Correct Answer: D
Explanation

Ctrl + E

Correct Answered :

Wrong Answered :

66. An antivirus is a:

A

Driver

B

Program

C

Computer

D

None of the above

Antivirus Accounts Assistant LAHDC VERIFIED
Correct Answer: B
Explanation

Program

Correct Answered :

Wrong Answered :

67. SSD is a new generation of storage device used in computers:

A

Solid-State Drive

B

Storage-State Drive

C

Solid-Storage Drive

D

Simple-Storage Drive

Memory Accounts Assistant LAHDC VERIFIED
Correct Answer: A
Explanation

Solid-State Drive

Correct Answered :

Wrong Answered :

68. Which of the following book is both a journal and a ledger:

A

Cash Book

B

Sales Day Book

C

Trial Balance

D

Journal Proper

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: A
Explanation

The Cash Book is also a ledger in the sense that it serves the purpose of a Cash A/c also. When a Cash Book is prepared, no separate Cash account is opened in the ledger. As such, the Cash Book is a journal as well as a ledger and hence it may be called Journalised ledger.

Correct Answered :

Wrong Answered :

69. The objects in a set are called:

A

Numbers

B

Terms

C

Elements

D

None of these

Set Theory Accounts Assistant LAHDC
Correct Answer: C
Explanation

Elements

Correct Answered :

Wrong Answered :

70. The short description of a transaction written at the end of a journal entry is known as:

A

Summary

B

Narration

C

Memo

D

Info

Journal Accounts Assistant LAHDC
Correct Answer: B
Explanation

Narration

Correct Answered :

Wrong Answered :

71. Income and Expenditure Account is a:

A

Nominal Account

B

Real Account

C

Personal Account

D

Artificial Personal Account q

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: A
Explanation

Nominal Account

Correct Answered :

Wrong Answered :

72. Which of the following is of capital nature:

A

Commission on purchases

B

Cost of repairs

C

Rent of factory

D

Wages paid for installation of machinery

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: D
Explanation

Wages paid for installation of machinery

Correct Answered :

Wrong Answered :

73. Which of the following is not a Fundamental Accounting Assumption:

A

Going Concern

B

Consistency

C

Accrual

D

Business Entity

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: D
Explanation

Business Entity

Correct Answered :

Wrong Answered :

74. Verification refers to:

A

Examination of journal and ledger

B

Examination of vouchers related to assets

C

Examining the physical existence and valuation of assets

D

Calculation of value of assets

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: C
Explanation

Examining the physical existence and valuation of assets

Correct Answered :

Wrong Answered :

75. Which of the following errors is not disclosed by a Trial Balance:

A

Errors of Principle

B

Errors of omission

C

Compensating Errors

D

All of the above

Trial Balance Accounts Assistant LAHDC
Correct Answer: D
Explanation

All of the above

Correct Answered :

Wrong Answered :

76. Double entry accounting system includes:

A

Accrual accounting only

B

Cash accounting only

C

Both cash and accrual accounting

D

None of the above

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: C
Explanation

Both cash and accrual accounting

Correct Answered :

Wrong Answered :

77. Which of the following purpose is served from the preparation of Trial Balance:

A

To check the arithmetical accuracy of the recorded transactions

B

To ascertain the balance of any ledger account

C

To facilitate the preparation of final accounts promptly

D

All of the above.

Trial Balance Accounts Assistant LAHDC
Correct Answer: D
Explanation

All of the above.

Correct Answered :

Wrong Answered :

78. If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated:

A

4.5 months

B

5.5 months

C

6.5 months

D

7.5 months

Accountancy and Book Keeping Accounts Assistant LAHDC VERIFIED
Correct Answer: C
Explanation

If a fixed amount is withdrawn on first day of every month of the calendar year, the interest on the total amount of drawings will be calculated for 6.5 months. Average period will be calculated as:- = Months left after first drawing + months left after last drawing  = (12 + 1)/2  = 6.5 months

Correct Answered :

Wrong Answered :

79. A Time Series has:

A

Two Components

B

Three Components

C

Four Components

D

Five Components

Time Series Accounts Assistant LAHDC
Correct Answer: C
Explanation

Four Components

Correct Answered :

Wrong Answered :

80. The rise and fall of a time series over periods longer than one year is called:

A

Secular trend

B

Seasonal Movement

C

Cyclical variation

D

Irregular variations

Time Series Accounts Assistant LAHDC
Correct Answer: C
Explanation

Cyclical variation

Correct Answered :

Wrong Answered :

81. What is the Maternal Mortality Rate:

A

Women`s death occurred before 9th month of pregnancy

B

The annual number of female deaths per 100,000 live births due to pregnancy

C

The death of women occurred within 2 year of childbirth

D

None of the above

MMR Accounts Assistant LAHDC
Correct Answer: B
Explanation

The annual number of female deaths per 100,000 live births due to pregnancy

Correct Answered :

Wrong Answered :

82. Aspirin is:

A

Acetylsalicylic acid

B

Benzoyl salicylic acid

C

Chlorobenzoic acid

D

Anthranilic acid

Acids Accounts Assistant LAHDC
Correct Answer: A
Explanation

Acetylsalicylic acid

Correct Answered :

Wrong Answered :

83. Petty cash book has a balance of Rs 500. This represents:

A

profit

B

asset

C

liability

D

loss

Cash Book Accounts Assistant LAHDC
Correct Answer: B
Explanation

asset

Correct Answered :

Wrong Answered :

84. A profit on sale of furniture of a club will be taken to:

A

Cash Account:

B

Receipts and Payment Account

C

Income and Expenditure Account

D

Profit and Loss Account

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: C
Explanation

Income and Expenditure Account

Correct Answered :

Wrong Answered :

85. At the end of the year 2017-18, Prepaid Insurance Premium Rs. 7,500 appeared in the Trial Balance, it will be shown:

A

only in Profit & Loss Account

B

only in Balance Sheet.

C

both in Profit & Loss Account and in Balance Sheet.

D

not in Both in Profit & Loss Account and in Balance Sheet.

Trial Balance Accounts Assistant LAHDC
Correct Answer: B
Explanation

Prepaid expenses are expenses which have been paid in advance and not yet used. Prepaid insurance is the part of insurance which is already paid but the time period for use is not expired till the date of balance sheet. It is a part of current asset which has not been used. Thus it is written on the asset side of balance sheet until it is utilised.

Correct Answered :

Wrong Answered :

86. Closing stock is recorded in the:

A

Profit and Loss Account

B

Trading Account and Balance Sheet

C

Balance Sheet Only

D

None of the above

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: B
Explanation

Trading Account and Balance Sheet

Correct Answered :

Wrong Answered :

87. What is the amount of purchase when opening stock is ₹10000, closing stock is ₹8000, sales are ₹110000 and cost of goods sold is ₹80000?

A

₹78000

B

₹ 82000

C

₹ 30000

D

₹ 92000

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: A
Explanation

₹78000

Correct Answered :

Wrong Answered :

88. The excess of the credit side of profit and loss account would indicate:

A

profit

B

net loss

C

loss

D

None of these

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: A
Explanation

profit

Correct Answered :

Wrong Answered :

89. In the absence of partnership deed, partners are not entitled to receive:

A

Salaries

B

Commission

C

Interest on Capital

D

All of the above

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: D
Explanation

All of the above

Correct Answered :

Wrong Answered :

90. Cash payments are recorded on the _________of the cash book:

A

Debit side

B

Credit side

C

Both sides

D

None of the Above

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: B
Explanation

Credit side

Correct Answered :

Wrong Answered :

91. Which of the following account will be credited, if business bought goods on credit from Mr. X:

A

Purchases account

B

Mr. X Account

C

Cash account

D

Sales account

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: B
Explanation

Mr. X Account

Correct Answered :

Wrong Answered :

92. The Public Financial Management System (PFMS) is a web-based online software application developed and implemented by:

A

Niti Aayog

B

CGA

C

CAG

D

PFMA

PFMS Accounts Assistant LAHDC
Correct Answer: B
Explanation

CGA

Correct Answered :

Wrong Answered :

93. Which of the following item will be shown on debit side of debtors account:

A

Discount received

B

Discount given

C

Discount allowed

D

Credit sales

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: D
Explanation

Credit sales

Correct Answered :

Wrong Answered :

94. The________ accounting system provides a system of checks and balances:

A

Single Entry

B

Financial Entry

C

Double Entry

D

Triple Entry

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: C
Explanation

Double Entry

Correct Answered :

Wrong Answered :

95. Interest on capital in a business can be defined as:

A

Expense

B

Income

C

Liability

D

Asset

Accountancy and Book Keeping Accounts Assistant LAHDC
Correct Answer: A
Explanation

Expense

Correct Answered :

Wrong Answered :

96. Pahchan Initiative is an initiative of which of the following Ministries:

A

Ministry of Education

B

Ministry of Home Affairs

C

Ministry of Textiles

D

Ministry of Rural Dev., Panchayati Raj

General Awareness Accounts Assistant LAHDC
Correct Answer: C
Explanation

Ministry of Textiles

Correct Answered :

Wrong Answered :

97. Which Union Ministry formulated the draft national strategy for rural development and rural tourism?

A

Ministry of Rural Development

B

Ministry of Tourism

C

Ministry of Agriculture

D

Ministry of Home Affairs

General Awareness Accounts Assistant LAHDC
Correct Answer: B
Explanation

Ministry of Tourism

Correct Answered :

Wrong Answered :

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