HURDLE- procedures may be adopted to discover it?

A. Examination of property tax files

1. The section of the companies act. 2013 which B) Inquiry of plant manager
contains provisions regarding remuneration of C) Examination of debits to accumulated
the Auditor is? depreciation D) All of the above
A) Section 139 B) Section 141
C) Section 142 D) Section 148 6. An Auditor is a watchdog but not a
bloodhound. This statement has been given in
2. Which industries fall under strategic Area? decision of which case?
1. Industries related to equipments for safety A)kignston cotton mill case
and power generation. B) Gamer Vs Murray case
2. Electricity, road and steel industries. C) Paglar cotton mills case D) None
3. Industries related to railway and mineral 7. The report through which an auditor
products. expresses his opinion on the financial statement
4. Health and education related industry is known as ?
A) Only1 B) only 2 C) Both D) All A) Cost Report B) Audit Report C) Statutory
Report D) Management Report
3. While vouching, how will the auditor ensure
that all credit sales transaction has been 8. Which of the following statements is correct
recorded by the entity? A) Valuation is a part of verification
A) Examination cut off points B) Verification is a part of valuation
B) Matching entries in the sales book against C) Verification has nothing to do with valuation
renumbered sales invoices and goods outward D) Auditor is a valuer
notes 9. Which of the following pairs are correctly
C) Counting the number of invoices and matched?
matching the number with entries on sales 1. Test Checking – Random checking
book 2. Internal check – A system of automatic
D) Both A&B checking
4. The Internal auditors of a joint stock 3. Internal Control – includes internal check and
company? internal Audit
A. Need no possess the qualification laid down 4.Ivestigation – General examination of all
in the Companies Act accounting records
B. Should be chartered Accountant A) 2,3,4 B) 1,2,4 C) 1&2 D)1,2,3
C. Should be chartered accountants or cost 10. Match the following
accountants a. Cut- off - 1. Assets and liabilities exist
D. Should hold some other professional b. Classification – 2. Transaction and events
qualifications have been recorded in proper accounts
5. An analysis of fixed assets account has c. Occurrence – 3. Transaction and events have
revealed possibility of unrecorded sale of plant been recorded in the correct accounting period
and machinery. Which of the following audit d. Existence – 4. Transaction and events that
have been recorded have occurred and pertain (A) Population parameter (B) Sample parameter
to the entity (C) Sample statistic (D) Population mean
A)a-1,b-3,c-2,d-4 B) a-3,b-2,c-4,d-4
C) a-2,b-1,c-3,d-4 D) a-4,b-3,c-2,d-1 16. Which of the following is a branch of
statistics?
11. Which of the following statements is most
(A) Descriptive statistics (B) Inferential
closely associated with analytical procedure
statistics (C) Industry statistics (D) Both A
applied at substantive stage?
and B
A) It helps to study relationship among balance
sheet accounts 17. The control charts and procedures of
B) It helps to discover material misstatements in
descriptive statistics which are used to
the financial statements
enhance a procedure can be classified into
C) It helps to identify possible oversights
which of these categories?
D) It helps to accumulate evidence supporting
(A) Behavioral tools (B) Serial tool
the validity of a specific account balance
(C) Industry statistics (D) Statistical tools
12. The arrangement under which such a
system of work is deposited so that the work of 18. Which of the following can also be
one employee only in the progress of work is represented as sample statistics?
called? (A) Lowercase Greek letters (B) Roman letters
A) Internal Audit B) Internal control (C) Associated Roman alphabets
C) Own Audit D) Routine checks (D) Uppercase Greek letters

13. Which of the following factor is most 19. To which of the following options do
important in determining the appropriation of individual respondents, focus groups, and
audit evidence? panels of respondents belong?
A) The reliability of audit evidence and its A) Primary data sources
relevance in meeting the audit objective B) Secondary data source C) Itemised data
B) The objectivity and integrity of the auditor sources D) Pointed data sources
C) The quantity of audit evidence
D) The independence of the source of evidence 20. What are the variables whose calculation
is done according to the weight, height, and
14. According to Section 226(3) of the
length known as?
Companies Act, 1956, the following persons are
(A) Flowchart variables (B) Discrete variables
disqualified for appointment as an auditor of a
company? (C) Continuous variables (D) Measuring
A) A debtor of a company B) An investor variables
C) An officer of a company D) All
21. Which method used to examine inflation
15. Which of the following values is used as a rate anticipation, unemployment rate, and
summary measure for a sample, such as a capacity utilization to produce products?
sample mean? (A) Data exporting technique
(B) Data importing technique
(C) Forecasting technique 27. which section of the Indian companies act,
(D) Data supplying technique 2013 among the following provides for the
appointment of first auditor by the board of
22. Specialized processes such as graphical Director within one month of the date of
and numerical methods are utilized in which registration of the company?
of the following? A) 139(3) B) 139(6) C) 142(1) D) 142(2)
(A) Education statistics (B) Descriptive statistics
(C) Business statistics (D) Social statistics 28. A duty of an auditor to verify whether loans
and advances have been properly secured or not
23. What is the scale applied in statistics, is referred to as?
which imparts a difference of magnitude and A) Statutory duties B) Contractual duties
proportions, is considered as? C) Certain duties imposed by legal or court
(A) Exponential scale (B) Goodness scale decision D) duties arising out of professional
(C) Ratio scale (D) Satisfactory scale
29. The rights and duties of an auditor are
24. Review of performance appraisal, labour covered under_______ of the companies Act
turnover rates, planning of incentives, and 2013?
training programs are the examples of which A) Section 153 B) Section 141 C) Section 128
of the following? D) Section 143
(A) Statistics in production
(B) Statistics in marketing 30.According to Rule 13 of the companies
(C) Statistics in finance (accounts) Rules,2014 the following class or
(D) Statistics in personnel management classes of companies shall be required to appoint
an internal auditor or an firm of internal auditor
25. What is referred to while auditing railway namely,
companies? A) Every company Registered in India
A) Defense rule B) External Rule B) Every Private Company
C) Railway Act, 1990 D) All C) Every Listed Company
26. An audit is the independent examination of D) Every Public Company
financial information of an entity whether profit 31. During the course of an audit, the auditor
oriented or not and irrespective of its size or stumbled upon a balance of Rs.12,500 in the
legal form when such an examination is Goodwill A/c and ascertained that it had not
conducted with a view to expressing an opinion been written off over a long period. What may
thereon the auditor do with it?
A) Internal Auditing and Assurance Standard A) Advise the concern to write it off
Board (IAASB) B) Hide it form the management
B) Spicer And Pegler C) Lawrence Dicksee C) insist that it be written of the same year
D) J.R Batilboi D) Recommend to the concern that it be written
off over a period of five years
32. A Company forfeited 4,000 shares of Rs.10 37. According to the provision of the companies
each on which application money Rs.3 has been Act, 2013, the amount of minimum application
paid. Out of these 2,000 shares were reissued as money to apply for share should be at least ____
fully paid up and Rs.4000 has been transferred % of the face value of the share.
to capital reserve. Calculate the rate at which A) 5% B) 10% C) 20% D) 25%
these shares were reissued?
A) Rs.10 per share B) Rs.9 per share 38. Arrange the following steps in the
C) Rs.11 per share D) Rs. 8 per share management audit process in the correct
sequence?
33. After Re-issue of forfeited shares, balance of 1. Planning 2. Data Collection 3. Analysis
share forfeiture account is transferred to? 4. Reporting 5. Follow-up
A) General Reserve Account A) 1,2,3,4,5 B) 2,1,3,4,5 C) 3,2,1,5,4 D)4,3,2,1,5
B) Profit and Loss Account
C) Security Premium Account 39. Match the following
D) Capital Reserve Account
List-1 List -2
34. Tata Ltd Issued 500 shares on which
A Financial Audit 1 Evaluates the
application Rs.30 and allotment Rs.20
organization
(including premium Rs.10) has been received.
impacts on the
These shares were forfeited after allotment. The
environment
amount to be shown in shares Forfeiture
Account is? B Information system 2 Scrutinize
A) Rs.10000 B) Rs.15000 Audit financial
C) Rs.20, 000 D) Rs.25000 management
practices for
35. Which of the following statement is not
accuracy and
correct?
compliance
A. Forfeited share can be reissued
B. A notice of 14 days to shareholder is C Human Resource 3 Assess the
necessary before forfeiture of shares Audit organization
C. Premium on issue of shares can be used for human capital
writing off the preliminary expenses. management
D. The profit on re-issue of forfeited shares is
transferred to general reserve Account D Environmental 4 Focuses on the
Audit security
36. A company forfeited 100 equity shares of reliability and
Rs.10 each on which a final call of Rs.4 per efficiency of
share was unpaid. At what minimum rate per information
share these shares can be reissued by the system
company?
A) Rs.6 B)Rs.4 C) RS.8 D) Rs. 10
A)A-3,B-2,C-2,D-1 B) A-2,B-4,C-1,D-3 (b) Limited liability (c) Joint and Several
C) A-1,B-4,C-3,D-2 D) A-2,B-4,C-3,D-1 liability (d) Joint liabilities

40. Which type of audit may be ordered by the Q47. Co-operatives in India follow this type
Comptroller and Auditor General in case of of organization structure
Government Audit? (a) Centralized Structure
A) Supplementary Audit B) Complete Audit C) (b) Decentralized Structure
Interim Audit D) Investigation (c) Unitary Structure
(d) Federal Structure
41. In standard costing, which variance is Q48. Apex Society represents
calculated as (Actual hours- Standard Hours) (a) Village level (b) District level (c) State level
*Standard Rate Per hour? (d) National level
A) Labor Rate Variance B) Labor Efficiency
Variance C) Material Price Variance Q49. For Co-operative Credit Societies, the
D) Material Usage Variance interest rate for deposits are fixed by:
(a) Registrar (b) Government
42. Debit balance = Credit balance in a trial (c) General Body (d) RBI
balance indicates that?
A) No error in recording transactions Q50. In a Co-operative Society, admission of
B) No Error in posting entries to ledger accounts members and allocation of shares is done by
C) Account balance are correct (a) Secretary (b) Managing Committee
D) Mathematically Capital + liabilities= Assets (c) President (d) General Body

43. Which of the following account with normal Q.51 The Urban Credit Cooperatives are also
balance is shown at the debit side of a trial known as
balance? (a) National Banks (b) Urban Cooperative Banks
A) Rent income account B) Creditor account (c) Cooperative Banks (d) None of the above
C) Unearned income account D) Cash account
Q.52. Cooperative banks that fall under the
44. Which of the following methods of banking regulation act of 1949 are controlled
inventory costing yields highest taxable income? by.
A) FIFO B. LIFO (a) NABARD
C) AVCO or average cost D) Standard cost (b) National Cooperative Union of India
method (c) Reserve Bank of India
(d) None of the above
45. In India, the Co-operative Societies Act
was passed in which year? Q53. The principle followed in a co-operative
(a) 1919 (b) 1949 (c) 1904 (d) 1912 society is
(a) No vote (b) One man, one vote
46. The members of a Co-operative Society (c) Multiple votes (d) One share one vote
have (a) Unlimited liability
54. If the opening capital is Rs. 60,000, in the beginning of the year and at the end of the
drawings Rs. 5,000, capital introduced year were 25,000 and 37,500 respectively. The
during the period Rs. 10,000, closing capital amount of subscriptions received appearing in re
Rs. 90,000. The value of profit earned ceipts and payments account will be (A)
during the period will be ______. 2,37,500 (B) 2,75,000 (C) 1,87,500 (D) 2,62,500
(a) Rs. 20,000 (b) Rs. 25,000 61. In a joint venture X and Y sharing p rofit and
(c) Rs. 30,000 (d) Rs. 40,000 loss equally, X purchased goods costing of
40,000 and Y sold the goods for 50,000. X is
55. Liabilities and assets amount to Rs. entitled to get 1% commission on purchase and
50,000 and Rs. 78,000 respectively. The Y is entitled to get 5% commission on sales, the
difference amount will represent ______. profit will be (A) 7,200 (B) 7,100 (C) 6,800 (D)
(a) Creditors (b) Debentures 7,600
(c) Profit (d) Capital 62. Which of the following statements is
56. Who stated the definition of management incorrect regarding capital accounts?
accounting as “Management Accounting is A) Debit increases the capital account balance
concerned with accounting information which is B) Credit increases the capital account balance
useful to management”? C) Fresh capital increases the capital account
A).Robert Anthony B) Michael Porter C) J. balance
Batty D) James H Bliss D) Net income increase the capital account
57. “Decrease the assets & decrease the balance
liabilities” is satisfy:- 63. Accounting Standrard-3 is in respect of :
(a) Purchase goods for cash A) Found Flow Statement B) Cash Flow
(b) Purchase goods on Credit statement C) Financial Ratio D) None
(c) Sold goods on Credit 64. In which of the following methods, the
(d) Payment to Creditors assets account is shown at its original cost
58. Purchase price of Machine 8,90,000; Freight throughout its life?
and Cartage 7,000; Installation charges 30,000; A) Annuity Method
Insurance charges 20,000; Residual value is B) Depreciation Fund Method
40,000; estimated useful life 5 years. The C) Sum of years Digits Method
amount of annual depreciation under straight D) Machine Hour Rate Method
line method will be (A) 1,77,400 (B) 1,81,400 65. Which of the following is not a transaction?
(C) 1,97,400 (D) 1,77,900 A) Goods are purchased on cash basis for
59. Which one of the following equation is Rs.1000
correct? (A) Owner’s Equity = Liability + Asset B) Salaries are paid for the month of May 2010
(B) Owner’s Equity = Asset - Liability (C) C) Land is purchased for Rs.10 lac
Liability = Owner’s Equity + Asset (D) Asset = D) An employee dismissed from the job
Owner’s Equity + Liability
60. . Income and Expenditure account shows 66. The cost of a small calculator is treated as
subscription at 2,50,000. Subscriptions accrued an expense and not shown as an asset in a
financial statement of a business entity due to? A) Simple present B) Present continuous
A) Materiality concept B) Matching Concept C) Simple Past D) Past continuous
C) Periodicity Concept D) Conservation 74. For me, breakfast is ………best meal of the
Concepts day. A) a B) an C) The D) None
67. According to which concept are the owners 75. You can see the Doctor ……8am and 12
considering to be different from the business? noon.? A) at B) in C) between D) on
A) Business entity concept 76.Kiran asked me, “Did you see the ricket
B) Money measurement concept match on television last night?”
C) Going concern concept A) Kiran asked whether I saw the Cricket match
D) Accounting period concept on television the earlier night
68.Match the following B) kiran asked me Whether I had seen the
List-1 List-2 Cricket match on television the earlier night
a. Prepaid rent 1.Current Liability C) Kiran asked me did I see the Cricket match
b. Bank overdraft 2. Current Assets on television the last night
c. Good will 3. Fictitious assets D) None
d. Profit and Loss A/c 4. Intangible Assets 77. Our Task had been completed before sunset?
A)a-1,b-2,c-3,d-4 B) a-2,b-1,c-4,d-3 A) We completed our task before sunset
C)a-3,b-4,c-3,d-2 D) a-4,b-1,c-3,d-2 B) We have completed our task before sunset
69.Profit on revolution of assets and liabilities in C) We complete our task before sunset
case of amalgamation of partnership firm is ? D) We had completed our task before sunset
A) Debited to partner’s capital account 78.To put One’s hand to plough
B) Credited to Partner capital account A) To take up agriculture farming
C) Credited to profit and loss account of new B) To take a difficult task
firm D) none C) To get entangled into unnecessary things
70.If a receipt of Rs.200 from Rajesh out debtor D) Take interest in technical work
has not been recorded in the books, the profit 79. in certain code FIRE is coded as DGPC.
would show? What will be the last letter of the coded word for
A) an increase of Rs.200 B) a decrease of SHOT.
Rs.200 C) Neither increase nor decrease D) A) Q B) R C) S D) P
None 80. I walk 30m in north-west direction from my
71. Our Sir teacher Mathematics…….English house and then 30m in south-west direction.
A) across B) besides C) beside D) Both After this I walk 30m in South- east direction.
72. Identify the tense used in the following Now, I turn to my house, in what direction am I
sentence: “I have been working on the problem” going?
A) Present Continuous B) Past Perfect A) North-East B) North-West
C) Present Perfect Continuous D) Past C) South-East D) South-West
73. Identify the Tense used in the following 81.Pointing at a photo, Dinesh said, “ His father
sentence “ They are working on the project is only son of my mother” The photo belongs to:
together”
A) Dinesh B) Dinesh Brother C) Dinesh father 91. Consider the following statements regarding
D) Dinesh son BharatGen:
82.Two bus tickets from city A to B and three 1. BharatGen focuses on developing
tickets from City A to C cost Rs.77 but three multilingual and multimodal AI models to
tickets from city A to B and two tickets from promote India's linguistic and cultural diversity.
city A to C cost Rs.73. what are the fares for 2. It is launched under the National Mission on
cities B and C from A? Interdisciplinary Cyber-Physical Systems
A) Rs.4, Rs.23 B) Rs.13, Rs.17 (NMICPS) of the Department of Science and
C) Rs.15, Rs.14 D) Rs.17, Rs.13 Technology.
83. What will come at the place of question Which of the above statements is/are correct?
mark? 1,9,25,49,?,121 (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither
A) 100 B) 91 C) 64 D) 81 1 nor 2
84. Ajit has a certain average for 9 innings. In 92. ‘Rashtriya Garima Abhiyaan’ is a national
the tenth innings, he scores 100 runs thereby campaign to:
increasing his average by 8 runs. His new (a) rehabilitate the homeless and destitute
average is : A) 20 B) 21 C) 28 D) 32 persons and provide them with suitable sources
85. Find the least number which will leaves of livelihood.
remainder 5 when divided by 8,12,16,20. (b) release the sex workers from their practice
A)240 B) 245 C) 265 D) 235 and provide them with alternative sources of
86. By selling a bicycle for Rs.2850 a livelihood.
shopkeeper gains 14%, if the profit is reduced to (c) eradicate the practice of manual scavenging
8% then the selling price will be ? and rehabilitate the manual scavengers.
A) Rs.2600 B) Rs.2700 C) Rs. 2800 D) Rs.300 (d) release the bonded labourers from their
87. If A & B together can complete a piece of bondage and rehabilitate them.
work in 15 days and B alone in 20 days, in how 93. The primary objective of the PM-YASASVI
many days can A aloe complete the work? Scheme is to:
A) 60 B) 45 C) 40 D) 30 (a) Establish new schools in rural areas for
88. The ratio in which tea costing Rs.192 per kg disadvantaged groups.
is to be mixed with tea costing Rs.150 per kg so (b) Provide scholarships exclusively to female
that the mixed tea when sold for Rs.194.40 per students in remote regions.
kg, gives a profit of 20%? (c) Streamline educational support for socially
A) 2:5 B) 3:5 C) 5:3 D) 5:2 and economically disadvantaged students.
89. An accurate clock shows 8’o clock in the (d) Develop vocational training centers for
morning. Through how may degrees will the underprivileged stude
hour hand rotate when the clock shows 2 ‘o 94. The "YuvAI initiative for Skilling and
clock in the afternoon? Capacity Building" was recently launched in
A)144deg B) 150deg C) 168deg D) 180 deg collaboration with which of the following
90. what was the day of the week on 17th entities?
june,1998? A) Mon B) Tue C) Wed D) Thurs (a) Meta, Ministry of Youth Affairs and Sports,
and NITI Aayog (b) To launch the first commercial satellite to
(b) Meta, Ministry of Electronics and Mars
Information Technology (MeitY), and the All (c) To test further new lunar landing
India Council for Technical Education (AICTE) technologies
(c) Microsoft, Ministry of Education, and the All (d) To perform the first manned mission to the
India Council for Technical Education (AICTE) Mars
(d) Google, Ministry of Electronics and 100. Which of the following statements about
Information Technology (MeitY), and NITI phosphoric acid (H₃PO₄) is correct?
Aayog (a) Phosphoric acid is primarily used as a key
95. Which of the following best describes non- ingredient in urea production.
kinetic warfare? (b) India imports phosphoric acid mainly from
(a) The use of physical force or weapons to Morocco, Senegal, Jordan, and Tunisia.
destroy enemy targets. (c) Phosphoric acid is an organic acid used in
(b) The use of cyber attacks and psychological the production of polishes and detergents.
operations to achieve military objectives without (d) Phosphoric acid is manufactured from
direct physical violence. sulfuric acid and limestone.
(c) The deployment of ground troops for direct
combat.
(d) The use of naval or air forces to engage in
large-scale battles.
96. INS Arihant and INS Arighaat, recently
seen in the news, are
(a) Frigates (b) Submarines (c) Corvettes
(d) Aircraft Carriers
97. With reference to the Parkinson’s Disease,
consider the following statements:
1. It is a neurodegenerative disorder that disrupts
the brain’s ability to produce dopamine.
2. The disease affects the older people only.
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
98. ‘BepiColombo,’ recently seen in the news,
is a joint mission of
(a) NASA and ESA (b) JAXA and NASA
(c) NASA and ISRO (d) ESA and JAXA
99. Which of the following is a key objective of
the Polaris Dawn mission?
(a) To conduct the first private spacewalk