LDCE FOR THE POST OF AFA (30 % GROUP ‘B’
SERVICE)
DATE: 22.05.2012 PAPER – I
GENERAL KNOWLEDGE AND
ENGLISH, OFFICIAL LANGUAGE POLICY, GENERAL PRINCIPLES OF GOVT ACCOUNTING AND
AUDITING WITH SPECIAL REFERENCE TO THE RAILWAYS
BOOKS AND BUDGET
INCLUDING TRAFFIC BOOK
TIME: 3 HOURS MAXIMUM
MARKS 150
IMPORTANT
THIS PAPER CONTAINS
TWO SECTIONS – A & B. BOTH SECTIONS TO HAVE TO BE ANSWERED. SECTION A
CARRIES 50 MARKS AND SECTION B CARRIES 100 MARKS.
SECTION A MAXIMUM
MARKS -50
SECTION A
Q 1. write short notes
on any four (4
x 6 ¼ = 25)
a.
general
anti avoidance rules (GAAR) as proposed in the Budget 2012-13
b.
slide of
Indian rupee against US Dollar
c.
growth
trends in India
d.
Basel III
norms announced by RBI on banking industry
e.
dis-investment
of Public Sector shares
f.
role of
RBI in promoting economic development
g.
economic
crisis in Europe
h.
role of
TRAI with reference to development of telecom
Q
II In each of the following questions out of four alternatives, choose the one
which can be substituted for the given
words/sentence
(5 x1= 5)
a.
An
imaginary name assumed by an author for disguise
i.
homonym. ii. nickname iii. pen name iv. pseudonym
b.
A place
for sick people who need long periods of treatment or rest.
i.asylum,
ii. sanatorium iii. clinic, iv. hospital
c.
something that is likely to break apart easily
i. harsh ii. brittle iii. thin iv.
breakable
d.
a person who eats too much
i. omnivore ii. sensualist
iii. glutton iv. reveler
e. belonging to the
same country and having same interest and feelings
i. native ii. Compatriot iii. Patriot
iv. Comrade
Q III In each of the
following questions out of the given alternatives choose the one, which is
nearest meaning to the underlined part of the sentence (5 x 1 = 5)
a.
The intrepid
mountaineers who scaled the peak in winter should be congratulated.
i.
bold, ii. courageous iii. vigorous iv. brave
b.
The ubiquity of God cannot be questioned
i. greatness ii. mystery iii. omnipresence iv. existence
c.
the old man shows no sign of infirmity even though the is eighty
years old
i. indolence ii. fickleness
iii. feebleness iv. lack of firmness
d.
Of all the indignities man has suffered at the hands of man,
slavery is the most degrading
i. insult ii. atrocities iii. evils
iv. dangers
e.
the rapacious plunderers did not spare even the people living in
the sums
i. war like ii. barbarous iii. avaricious iv. nomadic
Q IV In each of the
following questions out of four alternatives choose the one which can be
substituted for the given words/sentence (5x1=5)
a.
a process
involving too much official formality
i. Nepotism ii. Diplomacy iii. Red-tapism iv. Bureaucracy
b.
a formal written charge against a person for some crime or offence
i. accusation ii. indictment iii. allegation
iv. acrimony
c.
a person who is indifferent to both pleasures and pain.
i. saint ii. asectic iii. stoic iv
hermit
d.
the line which a plough cuts in the ground
i. vale iii. Trench iii. Furrow iv. Trough
e.
giving undue favours to one’s own kith and kin
i. favouritism ii. nepotism iii.
corruption iv. worldiness
Q
V Read the passage given below
carefully. at the end of passage five questions along with various options for
answers are given. Select the best option as the answer.
(5 x 2=10)
In most western countries, it is
required that every young man, when his education is complete, shall give three
or four years to military service. he goes in to barracks, is regimented and
drilled, makes a unit in the standing army and passes out usually when his term
is ended, an efficient soldier, to remain for the rest of his life ready at any
moment to join in the armed defense of
his country.
a.
in the
passage the author opines that
i. military training is more important than
general education
ii.military
training should precede college education since it builds up one’s mental and physical abilities
iii.military training is as important as
general training
iv.military training must be included in the
curricula of schools and colleges
b. military training is as important as mental
training because
i.otherwise youngmen are useless
ii.it isngood that every scholar should also be
an efficient soldier and available for the coutry’s defence
iii.one gets a chance to live in barracks
iv.war has become a daily affair
c.
every
young man has to undergo military training
because he can
i.get a job after such training
ii.supplement his general education according
to his wish
iii.join the army whenever his country needs to
be defended in war
iv.learn and practice discipline
d. in eastern countries like india
i.to fight anti-social elements
ii.to make youth serve the national during
times of war and peace
iii.it can soleve the unemployment problem by
providing more jobs
iv.to repress communal riots
e.
the
author, wrting in the early part of 20th century, does not seem to talk about
the need of military training for women because
i.women
education was a new thing then
ii.author thinks women are not physically
strong enough to undergo military training
iii.women taking part in military service is a
recent phenomenon
iv.according to author women should remain
indoors
SECTION B
This section contains two parts (A) and (B).
attempt four questions taking any two from each part. all questions carry equal
marks of 25 each.
PART A
25 X2= 50
Books and Budget Including Traffic Book
Q
VI a. how is the earning budget of a railway formulated?
b. what are the usefulness of various statistical
data in this exercise?
10 + 15 = 25
Q
VII write short notes on any four
4
x 6 ¼ = 25
a.
traffic
book Part B, b. cheques and bills reconciliation c. demands payable d. august
review of budget d. over capitalization f. vote on account
Q
VIII a. outline the main features and underlying principles of Zero based
budgeting
b.discuss the feasibility and
limitations in adopting zero based budgeting in Indian railway
10+15=25
Q
X. what are the constraints faced by Indian railways in recent years in
balancing the annual budget? this may be discussed under the following
heads. 25
a.
railways’
inability to pass on increase in cost to the users
b. reduction in general budgetary support
c.
increase
in input cost on account of salary wages and materials
d. impact of al three factors on railway capital
budget, fund balances, dividend liability
discussion should be supported by facts and
figures
PART B
25 X 2 = 50
Q
X write short notes answer any two
2 x 5= 10
i.a. railway’safety works, b. uneconomic branch
lines c. single accounts current d. transfers without financial adjustment
ii.explain the idea behind having a Rajbasha.
what are the salient features of the Official language Policy of GOI as per the
Official Language Act 1963 (15)
Q
XI a. what are the different “funds” maintained by Indian railway?
b. briefly describe the nature of each of the
funds and the manner in which they are operated.
c.
how their
operation will have to be rationalized if it is proposed to run railways as a
commercial undertaking
6+9+10=25
Q
XII a. describe the format in which the financial results and balance sheets of
Indian railways are presented?
b.how does the system followed by
Indian railways differ from that of Public Limited Companies?
7 + 11 = 18
c. Answer in one word any seven
only
7 x 1 = 7
1. the accounts of the railway presented in
such a form as to facilitate review of the railway as commercial undertaking is
known as ------------------------
2. the
account which exhibits the entire expenditure of a capital nature is known as -------------------------
3. debit side of the general cash book
represent -----------------------
4. all items of upaid wages will be credited
to ---------------------------
5. the earnings accrued at stations for the
realization of which the home railway is responsible are consolidated in
-----------------------
6. errors noticed during verification of
posting in tgraffic book Part A are corrected through ------------------------
7. the amount of all cheques drawn for the
days is credited to the head --------------------------
8. all transfer transactions between railways
are adjusted thorguh -----------------------
9. transactions between the railway ministry
and other ministries settled through central accounts section of Reserve Bank
Of India are known as ---------------------------
Q
XIII a. What are the specific duties of the director of audit with regard to the
audit of the annual accounts of the zonal railway? 18 M
b.answer by filing the blanks Any
seven only
i. the from in which the proposals
of Govt in respect of sums required to meet expenditure from Consolidated Fund
of India is subtted to Lok Sabha is -----------------
ii. ----------------- as passed by
parliament as assented by the president form the basis for budgetary
allocations to railways
iii. the suspense head operated to
watch book adjustments of inward transactions from the books of the Govt dept
is ------------
iv. the suspense head operated to
watch payments to firms from whom materials are received and taken inot stock
before payments are made is ------------
v. unpaid items other than unpaid
wages of railway staff are allowed to remain in the register deposits for a
period of -------------years.
vi. the suspense head used to book
inter departmental transactions awaiting acceptance is -----------------.
vii. railway budgeting is done on
------------------ (gross/net ) basis
viii. demand for excess grant
presented to parliament is based on recommendation of ----------------
ix. exchequer control is a mechanism
to ensure that --------------------- portion of budgetary allocation is not exceeded.
LDCE2012SR
SOUTHERN RAILWAY
LDCE FOR THE POST OF AFA (GROUP ‘B’ SERVICE)
DATE: 23.05.2012 PAPER – II
TIME: 3 HOURS MAXIMUM MARKS 150
IMPORTANT
TOTAL OF SIX QUESTIONS
ARE TO BE ANSWERED.
TWO FROM PART –I TWO
FROM PART – II AND TWO FROM EITHER PART –III –A OR PART –III B AS PER OPTIONS
ALREADY GIVEN.
ALL QUESTIONS CARRY
EQUAL MARKS OF 25 EACH.
PART I
50 MARKS
FINANCIAL JUSTIFICATION FOR EXPENDITURE AND
TRAFFIC COSTING:
Answer any two
Q II a. with regard to
goods traffic what is the traffic costing information available?
b.how do they help in investment
decisions ? 12
½ + 12 ½ = 25 M
QIII a. Due to
constraints of resources, railways need to tap alternative sources for capital
expenditure. in this regard, discuss the schemes like BOLT, BOOT and other
modes of PPP in furthering this purpose.
b.What are the constraints faced by the
railways in attracting such achievement? 18 + 7 = 25 Marks
Q IV Write short
notes ( any four)
a.
socially
viable projects, b. apportionemtnt of joint costs, c. DCF Technique, d.
productivity test, e. make or buy decision, f. two packet system of tendering, g.
financial justification for reconditioning a machine.
4 X 6 ¼ = 25 Marks
PART II
MANAGEMENT ACCOUNTING
Answer
any two questions
2
x 25 = 50 Marks
Q
V (a) What do you understand by the terms Budget and Budgetary control?
(b) What are the advantages of Budgetary
Control?
(c) Calculate the breakeven sales from
the following data for a company producing three products.
|
Product
|
Sales Rs
|
Variable Cost Rs
|
|
A
|
10000
|
6000
|
|
B
|
5000
|
2500
|
|
C
|
5000
|
2000
|
|
Total
|
20000
|
10500
|
total fixed cost amount to Rs
5700/- 9
+ 9 + 7 = 25 Marks
Q
VI (a) What are the factors that should be considred setting up i. material price standard, ii. material
usage standard, iii. labour time
standard
(b) ABC limited has prepared the
following cost estimates per unit for the manufacture of a sub-component
hitherto purchased from an outside supplier at Rs 32/- per unit; ordering
inspection cost are estimated at Rs2/- per unit. the (company) firm has spare
capacity and no extra cost will be required to be incurred. the annual
requirement is 10,000 units.
Direct material = Rs 10/-
Direct labour =
Rs 14/-
Variable overheads = Rs
6/-
Fixed factory overheads = Rs 6/-
Should
the component be made or purchased from outside? 15 + 10 = 25 Marks
Q VII (a) Alpha Manufacturing
company has drawn up the following profit and loss account for the year ended 31st
March
|
to opening stock
|
26000
|
by sales
|
160000
|
|
to purchases
|
80000
|
by closing stock
|
38000
|
|
to wages
|
24000
|
|
|
|
to manufacturing expenses
|
16000
|
|
|
|
to gross profit
|
52000
|
|
|
|
c/d
|
198000
|
|
198000
|
|
|
|
|
|
|
to selling and
distribution expenses
|
4000
|
by gross profit b/d
|
52000
|
|
to administrative
expenses
|
22800
|
by compensation for
acquisition of land
|
4800
|
|
to value of furniture
lost by fire
|
800
|
|
|
|
to general expenses
|
1200
|
|
|
|
to net profit
|
2800
|
|
|
|
|
56800
|
|
56800
|
calculate the operating
ratio and the ratio of operating net profit to net sales.
(b) “Fixed costs are
really variable. The more you produce the less they become” discuss. 18 + 7 = 25 Marks
Q VIII (a) A firm has
made credit sales of Rs 240000/- during the year. The outstanding amount of
debit at the beginning and at the end of the year respectively was Rs 27500/-
and Rs 32500/- Determine the debtors turn over ratio.
(b) what is the pay
back period?
(c ) Also discuss the
utility of the pay back period in detetmining the internal rate of return. 8 +6+11=25 Marks
Part III (A)
Answer any two 2
x 25 = 50 Marks
Q
IX Bring out the brief checks exercised in the Traffic Accounts Office in
respect of the following
a.
Collected tickets, b. concession vouchers, c. paid on charges, d. siding
statements 4 x 6 ¼ = 25 Marks
Q
X (a) How far the present method of compilation and presentation of statistical
data help management decision and control in Indian Railways?
(b) What is specific fuel consumption?
(C ) How is it computed for diesel and
electric traction?
12+5+8=25 Marks
Q
XI (a) What are the Rules and Conditions
relating to calculation and Payment of Foreign Service Contribution in respect
of employees going on deputation?
(b) What are the fundamental rules
relating to fixation of pay? 12 ½ + 12 ½ = 25 Marks
Q
XII Write short notes on any four:
a. workman’s compensation act, b. operating
ratio, c. annual statistical statement No40, d. pension fund, d. apportioned
earnings, and f. accounts office debits
4
x 6 ½ = 25 Marks
PART III (B)
WORKSHOP AND STORES ACCOUNTS AND
GENERAL EXPENDITURE
Answer
any two questions
Q
XIII (a) Explain the significance of Purchase Grant and Closing Balance of
Stores, in Stores Budgeting and describe the measures taken for regulating both
(b) Describe the procedure
followed in accounting for stores received in a workshop form the stores depot,
from the time they are received in the shop to the time they are finally
adjusted against the jobs in which they have been consumed. 12
½ + 12 ½ = 25 Marks
Q
IV Write short notes on any four:
a. transfer pricing, b. fall clause, c.
risk tender with reference to stores contract, d. variation in quantities in works
contracts. Marginal costing, e. CLW pattern of incentive scheme
4
x 6 ½ = 25 Marks
Q
XV “The workshop outturn statements truly and effectively reflect shop activity
and efficiency of workshop accounts
office”. Discuss with particular reference to checks to be exercised in the preparation
of various out turn avoids outturn statements..
25
Marks
Q XVI (a) What is stock adjustment account?
(b) What are the various items
adjusted through this account?
( c) Can inventory turnover ratio
be considered as reliable index of inventory management?
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