ASSISTANT MANAGER – KERALA FINANCIAL CORPORATION

FINAL ANSWER KEY
Question Paper Code: 29/2019/OL
Category Code: 282/2016
Exam: Assistant Manager
Medium of Question: English
Date of Test 25-07-2019
Department Kerala Financial Corporation
Alphacode A
Question1:-Which of the following is the big Indian notation?
A:-The lower significant bit is stored in higher address
B:-The higher significant bit is stored in higher address
C:-The lower significant byte is in higher address
D:-The higher significant byte is in higher address
Correct Answer:- Option-C
Question2:-What is the access type used in Read Only Memory?
A:-Sequential access
B:-Random access
C:-Cyclic access
D:-Quick access
Correct Answer:- Option-B
Question3:-As the hit ratio of a cache system increases, the speed of the execution of the program
A:-increases
B:-decrease
C:-parabolic shape property
D:-hit ratio does not affect the speed of the execution
Correct Answer:- Option-A
Question4:-The direct mapping of cache algorithm is not used due to the following
A:-Does not provide improvement for overall speed of execution
B:-Cache replacement becomes necessary even if cache is not full
C:-There exists execution overhead of the cache mapping function for all cache access
D:-All of the above
Correct Answer:- Option-B
Question5:-An operation on variable mark and max in C language is defined as ”if(max==mark)” which logic gate can be
used for this operation internally?
A:-XNOR gate
B:-NAND gate
C:-AND gate
D:-NOR gate
Correct Answer:- Option-A
Question6:-A 4 bit count sequences is like the following
0011, 1001, 1100, 0110 and its repeats, identify the counter
A:-Random counter
B:-Johnson counter
C:-Root counter
D:-Ring counter
Correct Answer:- Option-D
Question7:-The binary code that is used in Karnaugh maps for simplification is
A:-Binary code
B:-Excess 3 code
C:-Self complementing code
D:-Gray code
Correct Answer:- Option-D
Question8:-For a binary number, traverse from right to left, keep the bits as such till a bit 1, negate all other bits. What will
we if we follow the algorithm?
A:-binary multiplied by four
B:-binary multiplied by eight
C:-n’s complement where n is the number of bits
D:-2’s complement of the number
Correct Answer:- Option-D
Question9:-The octal representation of the hexadecimal number 34 FC is
A:-15176
B:-32374
C:-32384
D:-15186
Correct Answer:- Option-B
Question10:-The universal property of NAND gates find great applications in
A:-IC manufacturing
B:-Equation simplification
C:-Size reduction of circuit
D:-Results in higher packing density
Correct Answer:- Option-A
Question11:-Which of the following is not a browser?
A:-Windows Explorer
B:-Mozilla Firefox
C:-Mosaic
D:-Google chrome
Correct Answer:- Option-A
Question12:-The extend option available in display settings while connecting a projector to laptop indicates that
A:-the same contents should be shown in both laptop screen and projector
B:-the laptop screen should be made blank and display occurs in projector screen only
C:-the projector screen should be made blank display occurs in laptop screen only
D:-the laptop screen will show some portion of the entire display and the remaining on projector screen
Correct Answer:- Option-D
Question13:-Which of the following is not an input device?
A:-Scanner
B:-Console
C:-Barcode reader
D:-Touch screen
Correct Answer:- Option-B
Question14:-Which of the following is a valid screen resolution?
A:-1024 × 768
B:-1366 × 768
C:-1280 × 600
D:-All of the above
Correct Answer:- Option-D
Question15:-How many printing pins are available in dot matrix printer head?
A:-32 pins
B:-16 pins
C:-9 pins
D:-24 pins
Correct Answer:- Option-D
Question16:-The official name of a network switch is
A:-TCP Bridge
B:-MAC Bridge
C:-Ethernet bridge
D:-Packet bridge
Correct Answer:- Option-B
Question17:-CIDR stands for
A:-Classless Inter-Domain Routing
B:-Classful Inter Domain Routing
C:-Classless Intra Domain Routing
D:-Classful Intra Domain Routing
Correct Answer:- Option-A
Question18:-Email was first introduced by the person
A:-Ray Tomlinson
B:-Tim Bernes Lee
C:-Patrick Naughton
D:-Emilio Larrace
Correct Answer:- Option-A
Question19:-Fusing is a process used in
A:-ROM programming
B:-Laser Printing
C:-Inkjet printing
D:-Data retrieval from damaged hard disks
Correct Answer:- Option-B
Question20:-The connector used for connecting a cable to the computer network switch is
A:-RJ 11
B:-RJ 15
C:-RJ 41
D:-RJ 45
Correct Answer:- Option-D
Question21:-Who among the following persons is known as ‘Modern Manu’?
A:-M.N. Roy
B:-Jawaharlal Nehru
C:-Dr. Rajendra Prasad
D:-Dr. Ambedkar
Correct Answer:- Option-D
Question22:-Which article of the Indian Constitution gives the guarantee of equality of opportunity in matters of public
employment?
A:-Article 14
B:-Article 16
C:-Article 30
D:-Article 23
Correct Answer:- Option-B
Question23:-What is the retirement age of the Supreme Court Chief Justice?
A:-64 years
B:-60 years
C:-65 years
D:-62 years
Correct Answer:- Option-C
Question24:-What is the retention period for reply to R.T.I. (Right to Information) application?
A:-30 days
B:-14 days
C:-90 days
D:-7 days
Correct Answer:- Option-A
Question25:-Name the first Indian state to enact the food security legislation even before the National Food security Bill of
2013
A:-Maharashtra
B:-Nagaland
C:-Chattisgarh
D:-Punjab
Correct Answer:- Option-C
Question26:-‘The Rajyasamacharam’, first malayalam news paper was published from
A:-Kottayam
B:-Thalassery
C:-Kannur
D:-Thirur
Correct Answer:- Option-B
Question27:-Who is the founder of the ‘Namboothiri Yuvajanasangham’?
A:-V.T. Bhattathiripad
B:-E.M.S. Namboothiripad
C:-Desamangalath Sankaran Namboothiripad
D:-Unni Namboothiri
Correct Answer:- Option-A
Question28:-Who is the founder of the journal ‘Abhinava Keralam’?
A:-K.P. Kesava Menon
B:-Moorkoth Kumaran
C:-Vagbhatananda
D:-Sahodaran Ayyappan
Correct Answer:- Option-C
Question29:-Who was the president of the Guruvayoor Satyagraha Committee?
A:-K. Kelappan
B:-Subrahmaniam Thirumumpu
C:-A.K. Gopalan
D:-Mannath Padmanabhan
Correct Answer:- Option-D
Question30:-Who among the following poets is the court poet of Udayavarma of Kolathunadu?
A:-Athula
B:-N.V. Krishna Warrier
C:-Ramapurath Warrier
D:-Cherusseri Namboothiripad
Correct Answer:- Option-D
Question31:-Who called Akkamma Cheriyan as the ‘Jhansi Rani of Kerala’?
A:-Rabindranath Tagore
B:-Mahatma Gandhi
C:-Subhash Chandra Bose
D:-Swami Vivekananda
Correct Answer:- Option-B
Question32:-Who among the renaissance leaders consecrated mirror for first time in South India?
A:-Sree Narayana Guru
B:-Chattampi Swamikal
C:-Ayyankali
D:-K.P.Karuppan
Correct Answer:-Question Cancelled
Question33:-Who called the British rule as ‘White Devil Rule’?
A:-Pampadi John Joseph
B:-Dr. Palpu
C:-Mannath Padmanabhan
D:-Vaikunda Swamikal
Correct Answer:- Option-D
Question34:-Who is the author of the book, ‘Treatment of Thiyyas in Travancore?
A:-Dr. Palpu
B:- Dr. Sugathan
C:-Itty Achuthan
D:-John Munro
Correct Answer:- Option-A
Question35:-Who is known as ‘Kerala Lincoln’?
A:-M.C. Joseph
B:-K.P. Karuppan
C:-Vakkom Abdul Khadar Moulavi
D:-C. Krishnan
Correct Answer:- Option-B
Question36:-Who is the first Jnanpith Award winner, the highest Indian Literary honour?
A:-S.K. Pottakkad
B:-M.T. Vasudevan Nair
C:-G. Sankara Kurup
D:-O.N.V. Kurup
Correct Answer:- Option-C
Question37:-Name the operation carried out for the liberation of Goa in 1961
A:-Operation Shakti
B:-Operation Blue star
C:-Operation Meghadoot
D:-Operation Vijay
Correct Answer:- Option-D
Question38:-The Palaruvi waterfall is in which district of Kerala?
A:-Thiruvananthapuram
B:-Ernakulam
C:-Kollam
D:-Wayanad
Correct Answer:- Option-C
Question39:-The NITI Aayog, replacing the National planning commission was formed in
A:-2016
B:-2015
C:-2014
D:-2017
Correct Answer:- Option-B
Question40:-Which of the following nation conducted the ‘Miss Camel’ contest, world’s largest camel beauty contest?
A:-Saudi Arabia
B:-Iraq
C:-Oman
D:-Yemen
Correct Answer:- Option-A
Question41:-Reserve Bank of India (RBI) nationalized in
A:-1935
B:-1948
C:-1947
D:-1950
Correct Answer:-Question Cancelled
Question42:-Which of the following is not an objective of Discount and Finance House of India (DFHI)?
A:-Stimulate Activity in Money Market Instruments
B:-Deals in Treasury Bills, Certificate of Deposits and Commercial papers
C:-Participates in Call and Short Notice Markets
D:-Engaged in stock broking activities
Correct Answer:- Option-D
Question43:-The minimum denomination for a Certificate of Deposit is
A:-Rs. 1,00,000
B:-Rs. 50,000
C:-Rs. 25,000
D:-Rs. 10,000
Correct Answer:- Option-A
Question44:-What are Stalwarts?
A:-Shares that are highly volatile
B:-Shares of companies with growth rate greater that the growth rate of GDP of the country
C:-Shares with good track record of earnings and dividend payouts
D:-Shares with stable market prices
Correct Answer:- Option-B
Question45:-Which of the following is not a method of Selective Credit Control by Reserve Bank of India?
A:-Open market Operation
B:-Differential Rates of Interest
C:-Restriction on Clean Advances
D:-Issuing directives
Correct Answer:- Option-A
Question46:-Expand MIGA
A:-Multinational Income Guarantee Agreement
B:-Multicurrency Investment Generating Agency
C:-Multilateral Investment Guarantee Agency
D:-Multilateral Income Generating Agreement
Correct Answer:- Option-C
Question47:-Which of the following is not a Counter Trade in Foreign Trade Transactions?
A:-Barter
B:-Compensation
C:-Forfeiting
D:-Counter purchase
Correct Answer:- Option-C
Question48:-What are the three basic theories of International business?
A:-The theory of Comparative Advantage, The Imperfect Market Theory and Product Life Cycle Theory
B:-The Theory of Marginal Advantage, The Perfect Market Theory and Theory of Business Cycles
C:-The Theory of Competitive Advantage, The Compensation Theory and Brand Life Cycle Theory
D:-None of the above
Correct Answer:- Option-A
Question49:-Which of the following is an exchange rate system?
A:-Fixed
B:-Freely floating
C:-Pegged
D:-All of the above
Correct Answer:- Option-D
Question50:-Comparative Cost Advantage Theory was propounded by
A:-Adam Smith
B:-Alfred Marshal
C:-David Ricardo
D:-Joel Dean
Correct Answer:- Option-C
Question51:-Research studies with an objective to portray accurately the characteristics of a particular individual, situation
or group is known as
A:-Exploratory Research
B:-Descriptive Research
C:-Diagnostic Research
D:-Hypothesis Testing Research
Correct Answer:- Option-B
Question52:-Systematic Sampling is a method of
A:-Judgement Sampling
B:-Non-random Sampling
C:-Probability Sampling
D:-None of these
Correct Answer:- Option-C
Question53:-The basic principles of Experimental Research Designs are enumerated by
A:-R.A. Fisher
B:-Spencer and Seligman
C:-Horace secrist
D:-Thomas Bayes
Correct Answer:- Option-A
Question54:-Interval scales have the mathematical properties of
A:-Order only
B:-Order and Distance only
C:-Order, Distance and Absolute zero
D:-None of the above
Correct Answer:- Option-B
Question55:-Observation Method is a method of collecting
A:-Primary Data
B:-Secondary Data
C:-Time Series Data
D:-Panel Data
Correct Answer:- Option-A
Question56:-Pantry Audit is associated with
A:-An Auditing Technique
B:-Auditing of Pantry Records
C:-A Method of Data Collection
D:-None of the above
Correct Answer:- Option-C
Question57:-Standard Error is
A:-Sampling Error
B:-Standard Deviation
C:-Average
D:-None of the above
Correct Answer:- Option-B
Question58:-Which Committee is known as ”Committee on Banking Sector Reforms”?
A:-Narashimham Committee II
B:-Malhothra Committee
C:-Gadgil Committee
D:-Rangarajan Committee
Correct Answer:- Option-A
Question59:-The provision requirement for Non performing Assets that are classified as Loss Assets is
A:-0.25%
B:-40%
C:-15%
D:-100%
Correct Answer:- Option-D
Question60:-Parallel Loan is a technique used for hedging
A:-Economic Exposure
B:-Translation Exposure
C:-Transaction Exposure
D:-None of these
Correct Answer:- Option-C
Question61:-A distribution having a relatively high peak is called
A:-Leptokurtic
B:-Platykurtic
C:-Mesokurtic
D:-None of these
Correct Answer:- Option-A
Question62:-In India, the National Income estimation is the responsibility of
A:-NITI Ayog
B:-Central Statistical Organisation
C:-National Sample Survey Organisation
D:-Ministry of Commerce and Industry
Correct Answer:- Option-B
Question63:-Power of a hypothesis test is the probability of
A:-Committing a type I error
B:-Committing a type II error
C:-Not committing a type I error
D:-Not committing a type II error
Correct Answer:- Option-D
Question64:-The N.K. Singh Committee (FRBM Review Committee) on fiscal discipline recommended the central government
to reduce its fiscal deficit to ________ by 2023.
A:-3.0%
B:-2.8%
C:-2.5%
D:-2.2%
Correct Answer:- Option-C
Question65:-Which among the following is NOT a correct interpretation of the p-value?
A:-The p-value is a number between 0 and 1
B:-A small p-value indicates strong evidence against the null hypothesis
C:-A large p-value indicates strong evidence against the null hypothesis
D:-p-values very close to the cutoff are considered to be marginal and could go either way
Correct Answer:- Option-C
Question66:-Personal income includes
A:-Social security contributions
B:-Undistributed corporate profits
C:-Corporate taxes
D:-Transfer payments
Correct Answer:- Option-D
Question67:-In a moderately symmetrical distribution, quartile deviation equals
A:-0.6745 standard deviation
B:-0.6745 mean deviation
C:-0.7979 standard deviation
D:-0.7979 mean deviation
Correct Answer:- Option-A
Question68:-`”NNP_{FC}”` equals
A:-`”GDP_{MP}”` – Consumption of fixed capital – net indirect taxes
B:-`”GDP_{MP}”` – Consumption of fixed capital – net indirect taxes + net factor income from abroad
C:-`”GNP_{MP}”` – Consumption of fixed capital – net indirect taxes – net factor income from abroad
D:-`”GDP_{MP}”` – Consumption of fixed capital + net indirect taxes – net factor income from abroad
Correct Answer:- Option-B
Question69:-Match the following :
i. Chelliah Committee a. Introduction of value added tax (VAT) in India
ii. Vijay Kelkar Committee b. Introduction of GST
iii. LK Jha committee c. Reducing the cost of imported inputs
iv. Constitution (115th Amendment) Bill d. Empower CBDT with appropriate
administrative and financial powers
A:-i-c, ii-d, iii-a, iv-b
B:-i-b, ii-c, iii-d, iv-a
C:-i-c, ii-b, iii-a, iv-d
D:-i-d, ii-c, iii-b, iv-a
Correct Answer:- Option-A
Question70:-Which among the following is NOT a property of statistical variance?
A:-The variance is independent of change of origin
B:-The variance is independent of the change of scale
C:-The value of variance is always positive
D:-Zero variance indicates that all the values are equal in the distribution
Correct Answer:- Option-B
Question71:-Net economic welfare is derived from the real GNP by deducting the following components except
A:-Depreciation
B:-Environmental pollution
C:-Value of non-market activities
D:-Regrettable costs
Correct Answer:- Option-C
Question72:-Choose the correct statement/s about normal distribution
A:-It is a continuous distribution of data
B:-For normal distribution, mean = median = mode
C:-It is commonly known as the bell curve
D:-All the above
Correct Answer:- Option-D
Question73:-Arrange the following sectors in the correct descending order of their contribution to Gross value Added of India
during 2016-17 at constant prices :
i. Construction
ii. Manufacturing
iii. Agriculture, Forestry and Fishing
iv. Trade, hotel, Communication and services related to broadcasting
A:-iv-ii-iii-i
B:-iv-iii-ii-i
C:-ii-iv-i-iii
D:-iii-iv-i-ii
Correct Answer:- Option-A
Question74:-The value of national output with a constant price level and adjusting the inflation rate is
A:-Price index
B:-Nominal GDP
C:-Real GDP
D:-Per capital income
Correct Answer:- Option-C
Question75:-Identify the correct statement related to Goods and Services Tax Bill
A:-Surcharge on supply of goods, cesses, special ad-on duty of customs, add-on duties of customs and excise and
central excise duty would be replaced by Central Taxes GST
B:-Entertainment tax, entry tax, purchases tax, central sales tax, VAT, etc. would be replaced by Central Tax GST
C:-The 2014 bill modified and updated the 2011 bill provision that imposed certain restrictions on the states on
taxation of the products that are important for inter-state commerce and trade
D:-All the above
Correct Answer:- Option-A
Question76:-Net factor income earned from abroad includes the following component/s
A:-Net compensation of employees
B:-Net income from property
C:-Net retained earnings of the resident companies working in foreign countries
D:-All the above
Correct Answer:- Option-D
Question77:-The statistical test used to determine whether two population means are different when the variances are
known and the sample size is large is called
A:-Chi square test
B:-z-test
C:-One tailed test
D:-None of these
Correct Answer:- Option-C
Question78:-Consider the following statements related to incidence of a tax
Statement I : The incidence of a unit tax on the buyers will be less than the amount of the tax when the
commodity is being produced under increasing cost conditions.
Statement II : The incidence of tax on the buyers will be greater than the tax when the commodity is being
produced under decreasing cost conditions.
A:-Statement I alone is correct
B:-Statement II alone is correct
C:-Statement I and II are correct
D:-Statement I and II are incorrect
Correct Answer:- Option-C
Question79:-Identify the wrong criteria for the distribution of plan assistance according to Gadgil formula
A:-Population – 60%
B:-Tax efforts – 7%
C:-Per capita state income – 25%
D:-Special problems of individual states – 7.5%
Correct Answer:- Option-B
Question80:-In the simple linear regression model `y = alpha + beta x + epsi` , the structural parameter is
A:-`y`
B:-`x`
C:-`beta`
D:-`epsi`
Correct Answer:- Option-C
Question81:-If fixed cost is Rs. 6,000, selling price is Rs. 5 per unit and variable cost is Rs. 2 per unit, the break-even point
shall be ________.
A:-500 units
B:-1000 units
C:-2000 units
D:-2500 units
Correct Answer:- Option-C
Question82:-_____________ is the amount at any given volume of output by which aggregate costs are changed if the volume
of output is increased or decreased by one unit.
A:-Differential cost
B:-Marginal cost
C:-Average cost
D:-Imputed cost
Correct Answer:- Option-B
Question83:-Angle of incidence is __________.
A:-Angle between total sales line and total cost line
B:-Angle between variable cost line and fixed cost line
C:-Angle between fixed cost line and total sales line
D:-Angle between total cost line and variable cost line
Correct Answer:- Option-A
Question84:-Which of the following is not true?
A:-Contribution = Fixed Cost + Profit
B:-Profit = Contribution – Fixed cost
C:-Variable Cost = Sales – Contribution
D:-Fixed Cost = Contribution + Profit
Correct Answer:- Option-D
Question85:-If profit is Rs. 8,000, selling price per unit is Rs. 10 and variable cost per unit is RS. 6, margin of safety shall be
________.
A:-Rs. 20,000
B:-Rs. 13,333
C:-Rs. 3,200
D:-Rs. 4,800
Correct Answer:- Option-A
Question86:-If sales revenue is Rs. 1,00,000, profit is Rs. 20,000 and PV ratio is 40%, the BEP shall be ________.
A:-Rs. 8,000
B:-Rs. 24,000
C:-RS. 50,000
D:-Rs. 40,000
Correct Answer:- Option-C
Question87:-_______ is concerned with probable events likely to happen under anticipated conditions during a specified
period of time.
A:-Estimate
B:-Forecast
C:-Budget
D:-All of these
Correct Answer:- Option-B
Question88:-Flexible budget is ________.
A:-Dynamic budget
B:-Variable budget
C:-Sliding scale budget
D:-All of these
Correct Answer:- Option-D
Question89:-The budget that summarises and integrates all the individual budgets within an organisation, is called as
_______.
A:-Summarised budget
B:-Master budget
C:-Operating budget
D:-All of these
Correct Answer:- Option-D
Question90:-Static budget is also called as _________.
A:-Master budget
B:-Functional budget
C:-Fixed budget
D:-Flexible budget
Correct Answer:- Option-C
Question91:-Who is the father zero-based budgeting?
A:-Jimmy Carter
B:-Peter Pyhrr
C:-James Wilson
D:-Eugene Fama
Correct Answer:- Option-B
Question92:-_________ is the practice of preparing the budget based on evaluation of productivity of different operations in
an organisation.
A:-Performance budgeting
B:-Conventional budgeting
C:-Activity-based budgeting
D:-Zero-based budgeting
Correct Answer:- Option-A
Question93:-If interest rate offered on an investment is 10% per annum and interest is payable half yearly, the effective rate
of interest will be ________.
A:-10.10% per annum
B:-10.25% per annum
C:-10.38% per annum
D:-10.50% per annum
Correct Answer:- Option-B
Question94:-The proposals which compete each other are called as _________.
A:-Mutually exclusive proposals
B:-Independent proposals
C:-Dependent proposals
D:-Contingent proposals
Correct Answer:- Option-A
Question95:-__________ is the factor in the activities of an undertaking which at a particular point in time or over a period will
limit the volume of output.
A:-Governing factor
B:-Key factor
C:-Limiting factor
D:-All of these
Correct Answer:- Option-D
Question96:-_________ refers to a situation where a firm is not in a position to invest in all profitable projects due to the
constraints on availability of funds.
A:-Capital budgeting
B:-Investment decision making
C:-Capital rationing
D:-Capital expenditure decision
Correct Answer:- Option-C
Question97:-__________ is the ratio establishes relationship between present value of cash inflows and present value of cash
outflows.
A:-Profitability Index
B:-Net Present Value
C:-Internal Rate of Return
D:-Net Terminal Value
Correct Answer:- Option-A
Question98:-The length of time required to recover the initial investment is called as __________.
A:-Pay-off period
B:-Replacement period
C:-Pay back period
D:-All of these
Correct Answer:- Option-D
Question99:-Benefit cost ratio is called as ________.
A:-Average Rate of Return
B:-Accounting Rate of Return
C:-Desirability factor
D:-All of these
Correct Answer:- Option-C
Question100:-Return in ARR method refers to _________.
A:-Earnings before depreciation and before tax
B:-Earnings after depreciation and after tax
C:-Earnings after depreciation but before tax
D:-Earnings after tax but before depreciation
Correct Answer:- Option-B