HPSSC Ledger Keeper Post Code – 890: MCQ Format Questions and Answers

Overview of HPSSC Ledger Keeper Post Code – 890

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Hpssc Ledger Keeper Post Code - 890

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The tab of the active sheet in a workbook is always

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Minimum number of rows and columns in MS-Word document is

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A program that performs a useful task while simultaneously allowing destructive acts is a

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Which is a Web’s native protocol ?

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In OSI model, the data link layer performs

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Data flow between two devices can occur in a _______ way.

7 / 161

In MS-Access, which is used to store the data ?

8 / 161

The users who use easy-to-use menu are called

9 / 161

Which is used to make slide shows ?

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In MS-Excel, from which tool, we can change chart type ?

11 / 161

In MS-Word, text can be made more attractive in different colour, shape and size by using

12 / 161

In MS-Windows, start button is used/select to open

13 / 161

Which disk is used to cold boot a personal computer ?

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Software refers to

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The information stored in CD-ROM is in the form of

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The Cathode Ray Tube (CRT) is ________ in shape.

17 / 161

MICR stands for

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The control unit of a microprocessor

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In first generation of computers, which language was used ?

20 / 161

A minor can be an

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Consideration can be defined as

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Contingency school of management is

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“With you all the way” is the slogan of

24 / 161

Consumer derive maximum satisfaction, when the marginal utility will be

25 / 161

Range of data, 18, 25, 12, 13, 8, 9, 20 is equal to

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Sum of deviations of values from their mean is always

27 / 161

The provisions regarding TDS on salaries are contained in which Section of Income Tax Act ?

28 / 161

Maximum deduction, limit of Life Insurance Premia from the Gross total income in Income Tax Act is

29 / 161

Deduction from “Annual Value” is allowed under which Section of Income Tax Act ?

30 / 161

If the Geometric mean of 4 items is 6, what is the product of the item ?

31 / 161

Graph of quadratic function is classified as

32 / 161

Which of the following is relative measure of dispersion ?

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Dependent variable is represented along

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In a distribution, X = 65, Median = 70 and Coefficient of skewness = –0.6. Find out coefficient of variance.

35 / 161

Calculate Q3 from the following data :X : 20, 24, 28, 16, 36, 40, 32, 12

36 / 161

Which menu is used to create new ledgers, groups and vouchers types in Tally ?

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Tally package is developed by

38 / 161

The shortcut key is used to select company in Tally is

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The option used in Tally to close opened company is

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For export to Data from company to company Tally users use.

41 / 161

In Tally, manufacturing expenses comes under in which group ?

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Single entry mode is applicable for

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Suspense account group is defined under

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Goods returning to a creditor after challan but before bill, we need to pass

45 / 161

In Tally, there are ________ Predefined Ledger.

46 / 161

How many inbuild group in Tally by default ?

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Bottom of Tally screen shows

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Where do we record cash sales in Tally ?

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How many voucher types are readily available in tally ?

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Which option is used to make changes in created groups of ledgers in tally ?

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Which Ledger is created by Tally automatically as soon as we create a new company ?

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The ideal level of current ratio is

53 / 161

Errors are _______ mistakes.

54 / 161

Book-keeping is a systematic record of all ________ Transactions.

55 / 161

Marshalling of Balance Sheet means

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A Trial balance is a

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Sales book is maintained to record

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The Periodical total of the purchases book is posted to the

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A customer’s cheque returned dishonoured is recorded in

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The term imprest system is used in relation to

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Cash sales are recorded in

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Which of the following accounts have only Credit Balance ?

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Personal account of a customer is likely to have

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The Debit Balance in a nominal account shows

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When is it necessary to analyse the transaction in terms of debit and credit ?

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Which of the following account is decreased by Debit Entries ?

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Impersonal Ledger is also known as ________ Ledger.

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The process of Transferring Debit and Credit from Journal to the respective accounts in Ledger is known as

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Real account can’t have _______ balance.

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In purchase ledger, account of ________ only are maintained.

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Ledger is a book of ________ entry.

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Capital Market line does not cover the

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Capital asset pricing model was firstly introduced by

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The combination of systematic risk and unsystematic risk is known as

75 / 161

The purchase and sale of Bonds to increase the rate of return is known as

76 / 161

The relationship between interest rate and re-investment rate is

77 / 161

Gilt-edged securities are

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The H model for equity valuation was developed by

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The constant dividend growth model is propounded by

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What is the value of shares expecting dividend of ` 4 per share, required rate of return 10% and price at the end of the year ` 16 ?

81 / 161

Dow Theory was proposed by Charles H. Dow in the year

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The contradictory monetary policy is built on ________ money concept.

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The process of distinguishing the micro environment from micro environment is known as

84 / 161

The rate at which banks borrow money from R.B.I. is

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The expansionary fiscal policy is applied during

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The economic cycles are usually measured by taking into consideration the growth rate of

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Which of the following is not an extractive sector ?

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Who can be depository participant in India ?

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The most liquid stocks that are listed in the BSE is in

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How many firms’ representation are in BSE Sensex ?

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Which is the year establishment of The Calcutta Stock Exchange association ?

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Secondary Market is known as

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When the beta of security is more than the beta of market, then security is

94 / 161

The ratio of expected dividend to current market price is known as :

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The appreciation in the value of security or asset is known as

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The rate of return equal to the current yield plus _______.

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The “Twin Factor” in the investment analysis is

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Fundamental analysis involves

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The model that derivate the value of stock from the pricing of comparable assets is known as

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In capital market line, every investment is

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An investor invests in assets known as

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Which of the following is shown first when the assets are arranged in order

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Which of the following Goods & Service could not be provided by a Pure Free market economy ?

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Letter of Credit is presented by

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As per Schedule-VI of the Companies Act, 1956, forfeited Share Account will be

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Current ratio is 3.75. Acid Test Ratio is 1.25. Stock is ` 3,75,000. Calculate working capital.

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Valuation and Presentation of inventories is

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The term ________ is used to write off the value of Leasehold properties.

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Before acceptance by the Drawee a Bill of Exchange is known as

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If sales is ` 2,40,000, Percentage of Gross Profit on Sales 20%, Purchase ` 1,75,000, Closing stock ` 30,000. The opening stock will be

111 / 161

What is EOQ if annual requirement is ` 1,600 units, Cost of material per unit is ` 40, Cost of placing and receiving order ` 50. Annual carrying cost if inventory is 10% of inventor value will be

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A credit sale of ` 5,000 to Ram has been wrongly passed through the purchase book. To rectify the error, Ram A/c is debited with

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Accounting principles are based on

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Find the odd one :

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Voyage account is

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The amount paid to an author for the use of copy right is ________.

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Under inflationary condition _______ method will show highest value of closing stock.

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Anil drew a bill on X for ` 30,000 for three month. Proceeds are to be shared equally. “A” got the bill discounted @ 12% p.a. and remits the required proceeds to “B”. The amount of such remittance will be _______.

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During the year 2013 a business concern earn a net profit of ` 42,000. The manager is entitled to a commission of 5% of the net profit. Find the amount of Commission so charged.

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Meaning of the idiom ‘To tempt providence’ is

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Mr. Shekhar _______ the letter by return of post.

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One word substitution for ‘An entertainer who performs difficult physical actions’ is

123 / 161

Antonym of ‘Celibate’ is

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In human beings, heart has

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Dry Ice is

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Which mirror is used as looking glass ?

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Black revolution is related to

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Who is the guardian of Public Purse in India ?

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Which is the lower house of the Parliament ?

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Which Part of Indian Constitution deals with Fundamental Rights of Indian Citizens ?

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Which divide India into two almost equal climatic zones ?

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Which is a west flowing river ?

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Which is an International boundary line between India and Pakistan ?

134 / 161

What is ‘Bora’ ?

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Which is the coldest planet ?

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Kolattam is a folk dance of which state ?

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In which session of Congress, the Indian National Congress and Muslim League were once again united ?

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First Anglo-Sikh war took place in which year ?

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Who was the son of Babur ?

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Which ruler built the Sun temple of Konark ?

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Who was the founder of Jainism ?

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Which Veda deals with the procedure for the performance of sacrifice ?

143 / 161

Next term in the letter series will be

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In a certain code language, ‘123’ means ‘bright little boy’, ‘145’ means ‘tall big boy’ and ‘637’ means ‘beautiful little flower’. Which digit in that language means ‘bright’ ?

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The positions of how many alphabets will remain unchanged, if each of the alphabets in the word ‘FORGET’ is arranged in alphabetical order from left to right ?

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583 : 488 :: 293 : ?

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Which is the highest village in the World ?

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Dhamwari Sunda hydroelectric project is constructed on which river of Himachal Pradesh ?

149 / 161

Mohammad Bin Tughlaq captured the Nagarkot in which year ?

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Chanderi fortress is located at which place in Himachal Pradesh ?

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Founder of Bushahar princely state of Himachal Pradesh was

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Shinka mountain pass connects Kinnaur (HP) with

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First woman of Himachal Pradesh to represent in Lok Sabha was

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Famous personality Kinkri Devi belonged to which district of Himachal Pradesh ?

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‘Pather Ka Khel’ in Himachal Pradesh is a

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Balh valley is located in which district of Himachal Pradesh ?

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Murangla mountain peak is located in which district of Himachal Pradesh ?

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Shobha Singh art gallary is located at which place in Himachal Pradesh ?

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Gasota fair is celebrated in which district of Himachal Pradesh ?

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Which is the largest natural lake of Himachal Pradesh ?

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Spleen stores

    The Himachal Pradesh Staff Selection Commission (HPSSC) plays a pivotal role in recruiting qualified individuals for various government positions within the state of Himachal Pradesh. Among these roles is the Ledger Keeper, designated under Post Code – 890. This position is integral to the successful financial management within governmental departments, necessitating a meticulous and detail-oriented approach to responsibilities.

    As a Ledger Keeper, the primary duties involve managing and maintaining financial records with precision. This includes the preparation and maintenance of ledgers, ensuring that all financial transactions are accurately recorded and reported. The role demands a high level of accuracy, as these records are fundamental for financial audits and assessments. Additionally, the Ledger Keeper is responsible for preparing financial statements and reports that provide a clear picture of the organization’s financial health.

    The importance of the Ledger Keeper role cannot be overstated. Accurate financial reporting is crucial for the effective management of public funds, and any discrepancies can have significant implications. Thus, the skills required for this position include a strong proficiency in accounting principles, attention to detail, and the ability to work with financial software. Analytical skills and an understanding of financial regulations are also essential to ensure compliance and accuracy.

    The recruitment process for the HPSSC Ledger Keeper position is structured to identify candidates who possess these critical skills. The examination process consists of multiple stages, beginning with a written test that predominantly features Multiple Choice Questions (MCQs). This format is designed to objectively assess candidates’ knowledge and understanding of accounting and financial management concepts. Candidates must demonstrate their proficiency in these areas to advance through the selection stages.

    The MCQ format of the examination is particularly advantageous as it allows for a broad assessment of a candidate’s knowledge base in a time-efficient manner. Each question requires critical thinking and a thorough understanding of accounting principles, ensuring that only the most capable candidates are selected for the role of Ledger Keeper.

    Sample MCQs for HPSSC Ledger Keeper Post Code – 890

    Accounting Principles

    Question 1: Which of the following is considered a liability?

    a) Cash

    b) Accounts Receivable

    c) Accounts Payable

    d) Inventory

    Answer: c) Accounts Payable

    Rationale: Accounts Payable represents money owed by a company to its creditors, hence it is a liability.

    Question 2: What is the primary objective of financial accounting?

    a) To prepare tax returns

    b) To provide information to internal management

    c) To provide financial information to external users

    d) To manage company payroll

    Answer: c) To provide financial information to external users

    Rationale: Financial accounting aims to provide accurate financial information to external stakeholders such as investors, regulators, and financial institutions.

    Financial Management

    Question 1: Which financial statement shows a company’s financial position at a specific point in time?

    a) Income Statement

    b) Balance Sheet

    c) Cash Flow Statement

    d) Statement of Retained Earnings

    Answer: b) Balance Sheet

    Rationale: The Balance Sheet provides a snapshot of a company’s assets, liabilities, and equity at a specific date.

    Question 2: What is the main purpose of a cash flow statement?

    a) To show profitability

    b) To track expenses

    c) To show cash inflows and outflows

    d) To reconcile bank statements

    Answer: c) To show cash inflows and outflows

    Rationale: The Cash Flow Statement details the cash transactions within a company, highlighting its liquidity and cash management.

    General Knowledge

    Question 1: Who is known as the “Father of the Nation” in India?

    a) Jawaharlal Nehru

    b) Mahatma Gandhi

    c) Sardar Patel

    d) Subhas Chandra Bose

    Answer: b) Mahatma Gandhi

    Rationale: Mahatma Gandhi is revered for his role in India’s struggle for independence and his adherence to non-violent resistance.

    Question 2: Which planet is known as the Red Planet?

    a) Venus

    b) Mars

    c) Jupiter

    d) Saturn

    Answer: b) Mars

    Rationale: Mars is often called the Red Planet due to its reddish appearance, which is caused by iron oxide on its surface.

    Aptitude

    Question 1: What is the next number in the series: 2, 6, 12, 20, ?

    a) 28

    b) 30

    c) 32

    d) 36

    Answer: a) 28

    Rationale: The pattern increments by increasing even numbers: +4, +6, +8, +10, resulting in 20 + 8 = 28.

    Question 2: If the perimeter of a square is 36 cm, what is the length of one side?

    a) 6 cm

    b) 8 cm

    c) 9 cm

    d) 12 cm

    Answer: c) 9 cm

    Rationale: The perimeter of a square is four times the length of one side, hence 36 cm / 4 = 9 cm.

    Tips and Strategies for Tackling MCQs

    To excel in MCQs for the HPSSC Ledger Keeper exam, consider the following strategies:

    Time Management: Allocate your time wisely by dividing the number of questions by the total exam duration, ensuring you have ample time to review.

    Process of Elimination: Narrow down your choices by eliminating clearly incorrect answers, increasing your chances of selecting the correct one.

    Understanding Question Patterns: Familiarize yourself with common question structures and formats to quickly identify what is being asked.

    In conclusion, regular practice and review are essential for mastering MCQs. By understanding the rationale behind each answer and refining your exam strategies, you can enhance your performance and confidence in the HPSSC Ledger Keeper examination.

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    Disclaimer:

    The multiple-choice questions (MCQs) provided are intended for educational and informational purposes only. While every effort has been made to ensure the accuracy and relevance of the content, the creators of these questions make no guarantees regarding their completeness, accuracy, or applicability.

    Users are encouraged to verify information and consult additional resources as needed. The creators are not responsible for any errors or omissions, or for any consequences resulting from the use of this material. The content is subject to change and may not reflect the most current developments or standards in the field.

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