LDCE
QUESTION PAPERS
LIMITED
DEPARTMENTAL COMPETITIVE EXAMINATION FOR THE POST OF ASSISTANT FINANCIAL
ADVISER (Group B Service)
29.05.2018 TIME ALLOWED
3 HOURS MAXIMM
MARKS 150
ANSWER
ALL QUESTIONS
General Knowledge and English language
- English
Language
(I)
(a) what do you understand by
Rajbhasha, is it the same as Hindi? What
are the salient features of the official language policy of the Govt of
India as the the Official Languages Act 1963?
(5+10=15
Marks)
Or
(b) write a letter to the
editor exhorting readers to join railways in keeping platforms and trains
clean. (not more than 150 words)
(15
Marks)
(II) Clearly bring out the difference between the
following similar sounding words by
using them in a sentence
(i) assent and ascent (ii)
advise and advice (iii) commend and command (iv) affluent and effluent (vi
principal and principle
(1 X 5= 5
Marks)
(III) Give the word opposite in meaning (antonym)
of the following words
(i)
Summit (ii) transient (iii) obtuse (iv) tranquil (v)
benign
(1
X 5= 5 Marks)
(IV) For the underlined
expression in each of the following sentences, choose one of the options(a-d)
which it follows , which most nearly expresses its meaning
(i)
The Organisation decided to give Mrs P job to her son
because she died in harness.
(a)
Died after retirement (b) died while in service (c) died
while riding a horse (d) died for a great cause
(ii)
Though he was arrogant, I could not dispense with his
service.
(a)
Terminate (b) align with (c) claim (d) disregard with
(iii)
Inspite of his hard work, he was made a scapegoat
for the failure of the project
(a)
Freed from any responsibility for (b) suspected of
causing (c) blamed without reason fro (d) was severely punished for
(iv)
I could not come
up in life for want of proper guidance
(a)
For lack of (b)
for need of (c) for the desire of (d) for the necessity of
(v)
If food supply fails to keep pace with the
population, the civilization will collapse
(a)
To grow along with (b) to walk side by side (c) to gain
momentum (d) to move at the same speed as
(1 x 5 = 5 marks)
(V) use the following idioms/phrases in your
own sentences to bring out their meaning clearly
(i) wild goose chase (ii) crocodile
tears (iii) sea change (iv) fools paradise (v) on cloud nine
(1
x5= 5 marks)
- General Knowledge
(I)
Name the authors of any five of the following books
(i)
To Kill A Mocking Bird (Ii) Uncle Tom’s Cabin (Iii) Why I
Am An Atheist (Iv) Sense Sensibility (V) The Argumentative Indian (Vi) God Of
Small Things (Vii) Madhushala
(II)
Answer the following
(i)
The centenary of which event of Indian freedom movement
was invoked in connection with ‘satyagraha se swachagraha’
(a)
Bardoli Satyagraha (B) Champaran Satyagraha (C) Partition
Of Bengal (D) Poona Pact
(ii)
The judgement of supreme court of India in the vishaka
case pertains to
(a)
Sexual harassment in work places (b) domestic violence (c)
child sex offence (d) rape
(iii)
UBI, as an alternative for subsidies for poverty
alleviation stands for
(a)
Union basic income (b) universal basic income (c) undefined basic income (d) unconditional
basic income
(iv)
In India in the recent past, the base year of the new GDP
series has been shifted from 2004-05 to
(a)
2007-08 (b) 2008-09 (c) 2010-141 (c) 2011-12
(v)
Constitutional safeguards to the civil servants in India,
are guaranteed by which article of the Indian constitution?
(a)
310 (b) 311 (c) 312 (d) 317
(1
x 5= 5 marks)
(III)
Expand the following acronyms
(i)
PMLA (ii) POSCO (iii) POWL (iv) VVPT (v) IFSC
(1 x 5 = Marks)
SECTION B
ANSWER ANY
TWO QUESTIONS IN THIS SECTION HAVING THREE QUESTIONS
General
Principles of Accounting and Audit with Special Reference to Railways
1. .Accrual Accounting is being pursued with vigour on IR
in recent times. Is Railways present method of accounting cash based, how is it
made to conform to accrual basis by means of Link Heads? Discuss with reference
to both payment and Receipts side. What areas of Earnings and Expenditure are
still purely cash based? Indicate one major item for each and how could one
switch to accrual basis?
(15+10 = 25 Marks)
2.What are the types of reports made by the Statutory
Audit in communicating the results of the Audit of Railway Accounts? The
number of Audit references Part I is touching close to 700 on our railway.
Discuss critically the reasons why we have come to such a sorry pass. What
remedial measures do you suggest the Accounts Dept of Railways should take to
remedy the situation?
(15+10 = 25 Marks)
3.What are the various Funds maintained in Indian
Railways for its financing needs? Mention the source of credits to and the
purpose of which each of the Funds are maintained. Do these Funds have adequate
balances?
(10+10+5
= 25 Marks)
SECTION C
ANSWER ANY
TWO QUESTIONS IN THIS SECTION HAVING THREE QUESTIONS
Books and
Budget including Traffic Book
1.What do you understand by
the term “Operating Ratio” in the context of IR? How is it compiled? Is it a
good indicator of financial performance of a Zonal Railway?
(5+10+10=25 Marks) dxg
2.Being able to implement Single Account Current is the
singular achievement of the Accounts Dept of Indian Railways in the year just
gone by. Discuss what were the critical areas of Accounts which frustrated the
Railways efforts for so long and what made it now possible. Are there any short
comings in switching over the the Single Account Current.
(15+10= Marks)
3.Explain how the Monthly Approximates for earnings are
estimated? Is full use being made of the MIS available on PRS, UTS FOIS etc
Critically comment.
(15+10=25 Marks)
*****
LDCE
QUESTION PAPERS
LIMITED
DEPARTMENTAL COMPETITIVE EXAMINATION FOR THE POST OF ASSISTANT FINANCIAL
ADVISER (Group B Service)
30.05.2018 TIME ALLOWED
3 HOURS MAXIMM
MARKS 150
PAPER II
NOTE:
ATTEMPT SIX QUESTIONS IN ALL SECTIONS TWO FROM EACH SECTION. ALL
QUESTIONS CARRY EQUAL MARKS. IN SECTION C ANSWER TWO QUESTIONS FORM
EITHER PART I OR PART II
Section A
Financial Justification and
Traffic Costing
1.
How is the financial appraisal of a doubling project made, what are the various
factors considered for working out the financial implementation of the
proposal? In the scenario of Uneconomic prices being charged for passenger
services, is it not eh case that the capacity augmentation proposals in a
predominantly passenger offering railway like ours tend to get crowded out when
evaluated purely on financial criterion? Is it a time to move to evaluate such
proposals on traffic offering/capacity utilization rather than financial remunerativeness
critically comment.
(15+10=25 Marks)
2.
Enumerate the broad steps in expenditure on railways between Goods and Coaching
services leading to the summary of end results which gives the unit costs of
various services. Traffic costing is likely to take center stage in the present
times; it is high time we revisited the methodology – give reasons. Out traffic
costing methodology gives fully distributed costs whereas real time decision among
in railways requires marginal cost data. Do you agree, give reasons?
(10+10+5=25 Marks)
3.compare
and contrast the two methods of DCF technique viz NPV and IRR methods. Explain
situations when one is better or more suited than the other.
(15+10=25 Marks)
SECTION B
Management Accounting
1.
An enthusiastic Chief Freight Transportation Manager of a Zonal Railway suggested
to the General Manager that if he is allowed to reduce the freight per Tonne of
cement by 20 %, he would be able to increase the traffic by 30 % in the coming
year. You are given the following information:
Present
freight per tonne KM Rs 7.50
Present
level of traffic in Tonne KM 200000
The
variable cost for carrying the traffic ( per Tonne KM) Rs 1050000/-
Total
fixed cost per annum Rs
360000/-
What
would be your financial advice to the General Manager, back your advice with
the profit before and after the price reduction assuming the proposed increase
is achieved.
(15
Marks)
If
the proposed discount was till given, then work out the level of traffic at
which the present net profit from the commodity before price reduction is
achieved again.
(10 Marks)
2.what
is meant by Ratio Analysis? Discuss the important ratios which signify
(a) stability (b) liquidity and (c) profitability of a
concern
(10+(3x5)=25 Marks)
3.A
multi – product company has the following cost and output data for the previous
years:
|
|
Products
|
|
||
|
|
A
|
B
|
C
|
Total
|
|
Sales
Mix (%)
|
40
|
35
|
25
|
100
|
|
Selling
Price (in Rs)
|
25
|
35
|
40
|
|
|
Variable
cost (per unit in Rs)
|
15
|
27
|
32
|
|
|
Total
Fixed Cost (in Rs)
|
|
|
|
100000
|
|
Total
Sales (in Rs)
|
|
|
|
500000
|
It
is proposed to replace the product C by Z by which the Estimated Cost and
output data will be as under;
|
|
Products
|
|
||
|
|
A
|
B
|
Z
|
Total
|
|
Sales
Mix (%)
|
50
|
30
|
20
|
100
|
|
Selling
Price (in Rs)
|
35
|
25
|
40
|
|
|
Variable
cost (per unit in Rs)
|
28
|
15
|
28
|
|
|
Total
Fixed Cost (in Rs)
|
|
|
|
100000
|
|
Total
Sales (in Rs)
|
|
|
|
500000
|
Would
you as the Financial Adviser of the company recommend the proposed change,
given calculations in support of your answer.
(25
Marks)
4.What
do you understand by “life cycle costing’ ? In which areas on IR can it be
applied ? How is it an improvement over the traditional costing?
(15+5+5=25
Marks)
SECTION C
Part I Traffic Accounts.
Statistics and Establishment
1.The
word ‘Fund’ in Pension Fund is a misnomer, Railways follow the principle of
‘Pay as you go’- Discuss critically. What is being done to scientifically
assess the Pension liabilities on IR. Examine the feasibility and pros and cons
of Railways directly making payment to its pensioners instead of the existing
scheme of payment through the Banks, Treasuries and Post Offices
(7+8+10= 25 Marks)
2.(a)
Indicate two important statistics related to Goods Operations
(10 Marks)
(b) What is Specific Fuel Consumption? How
is it computed for diesel and electric tractions? Specific Energy Consumption cannot
be accurately calculated for Passenger and Goods and within these Locomotives
wise –critically comment.
(5+5+5=15 Marks)
3.(a)
What is Traffic Suspense? Briefly explain the constituents of Traffic Suspense
(5+10=15 Marks)
(b)What steps are to be taken by Accounts
Office to minimize Station Outstanding and why
(10 Marks)
Part II :
Workshops Stores and General
Expenditure Accounts
1.(a)
Describe the linkages between Stores Budget, WMS Budget and Revenue Budget on a
Zonal Railway
(15
Marks)
(b) How is Inventory Turnover Ratio worked
out?. Is it a good indicator of performance of the Materal Management Dept on
IR, what are its drawbacks?
(5+5=10
Marks)
2.What
is unsanctioned expenditure, briefly describe the types of unsanctioned
expenditure . Despite being monitored and adversely commented by the highest
level of management in Railways, it has at best remained an exercise in post
mortem- critically comment on the reasons for the same. What steps would you
take to advise the management of arising of unsanctioned expenditure in advance
to avoid incurrence of the same?
(5+10+10=25 Marks) dxg
3.What
are the constituent elements of a WMS account? What are the checks to be
exercised while reviewing the WMS account of a repair shop?
(10+15=25 Marks)
*****
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