1. Cost Audit is comprised in which of the following steps?
Correct : C. Review, Verification, Reporting
2. The financial statements of the company shall be authenticated by
Correct : C. Chairperson only if he is authorized by the board.
3. The compares the dollar return generated by the firm to the return expected by the investors of the capital invested by them in the firm.
Correct : B. EVA
4. Which one of the following is a ‘lag’ performance indicator
Correct : B. Return on capital employed
5. Economic Value Addition was developed by
Correct : A. Stern & Stewart
6. The Tata Group of Industries have modified and internalised the Baldridge Criteria and is known as the
Correct : C. Tata Business Excellence Model (TBEM)
7. Which of the following pair about Paradigm Shifts in the contemporary Business Environment is incorrect?
Correct : B. Competition to Opening Up
8. Intangible benefits in capital budgeting would include all of the following except increased …..…..
Correct : C. Salvage value
9. Which of the following is not typical cash flow related to equipment purchase and replacement decision?
Correct : D. Depreciation expense
10. As per the RBI Internationals Banks have to maintain a Capital Adequacy Ratio of
Correct : B. 9%
11. Which of the following is not a part of loan assets classification
Correct : B. Earning Assets
12. Earliest finish time can be regarded as
Correct : A. Earliest start time + duration of activity
13. The first use of the term “Social Audit” is generally attributed to ………………
Correct : B. George Coyder
14. The stipulations as regards maintenance of accounts of / by NGOs / NPOs are stipulated by which of the following?
Correct : D. The Indian Trust Act
15. PERT is based on the assumption that an activity's duration follows
Correct : B. Probability Distribution
16. of the Companies Act, 2013 provides that the Internal Auditor shall be a Chartered Accountant or a Cost Accountant or any other professional as may be decided by the Board of Directors.
Correct : B. Section 138
17. Cost Audit is applicable in case of the companies falling under certain specific categories of industries and for those companies who have been asked by the central government to maintain the cost accounting records and get these cost accounting records audited as per the provisions of of the Companies Act, 2013
Correct : A. Section 148
18. Section 139 provides that the first auditor of the company shall be appointed by Board of Directors of the company within days
Correct : B. 30
19. International auditing standards are issued by the:
Correct : C. International Audit and Assurance Standards Board
20. In a responsibility report for a profit center, controllable fixed costs are deducted from contribution margin to show:
Correct : B. Controllable margin
21. Internal Perspective is part of the Complete Balanced Scorecard Strategy. This is a correct sub item for this perspective
Correct : A. Regulatory and Society Theme
22. Learning & Growth Perspective: role for intangible assets -- people, systems, climate and culture is part of the BSC Strategy. Identify which of the following is a sub item of Learning & Growth Perspective
Correct : D. Strategic technologies
23. Which of the following would have a low likelihood of being organized as a profit center?
Correct : D. Both "C" and "D" above.
24. Cash Inflows from a project include
Correct : C. Raising of Funds
25. If capital expense is recorded as revenue expense then which calculation will be wrong?
Correct : D. Net profit
26. In Capital Budgeting, Sunk cost is excluded because it is
Correct : B. Not Incremental
27. Which of the following is not a capital budgeting decision?