MCQ on Indian Railways Administration and Finance An introduction (Workshop Accounts) PC-11
Workshop Accounts
1) ‘Payment
by Results’ in workshop means
(A) Payment after results are declared
(B) Incentive Bonus Scheme
(C) Regular payment to workers
(D) None of the above
2) The
yardstick for measuring work in the Incentive Bonus Scheme is
(A) Time
(B) Regular Attendance
(C) Work study
(D) None of these
3) Allowed
time for a work is fixed keeping in view that some percentage of
incentive bonus is earned by the worker. The
percentage is
(A) 10%
(B) 33 1/3 %
(C) 50%
(D) None of
these
4) The ceiling
limit on the profit earned by each worker is ______ of standard basic
wage of the worker
(A) 50%
(B) 25%
(C) 15%
(D) 10%
5)
Incentive Bonus for supervisors is restricted to
______ of the average percentage of profit earned by the direct workers under
his control.
(A) 50%
(B) 60%
(C) 70%
(D) 80%
6) The time
lost due to lack of work, machine repairs, lack of tools etc is known as
(A) Idle time
(B) Allowed time
(C) Booked time
(D) None of the above
7) Idle
time expenditure is charged to
(A) Shop on
cost workorder
(B) General on
cost workorder
(C) Proforma
on cost workorder
(D) None of
these
8)
A record that shows the time for which wages are
earned by each work men is called
(A) Time
book
(B) Time
sheet
(C) Job card
(D) None of
these
9) Idle
time of a worker is recorded in
(A) Idle time sheet
(B) Idle time card
(C) Idle job card
(D) None of these
10) The
debits for material suppled from Stores Depots to workshop is raised
through
(A) Work
Orders
(B) Issue
Notes
(C) Receipts
Notes
(D) All of
these
11) The
debit for material received from Stores Depots to workshop is allocated to
(A) Stores Suspense
(B) Workshop Manufacturing Suspense
(C) Revenue
(D) None of these
12) Receipts
Note is issued for material received through
(A) Stores
Depot
(B) Direct
purchase
(C) Transfer
of material
(D) None of
these
13) Following
form is used to regularize incorrect allocation of stores
(A) Write back orders
(B) Work orders
(C) Outturn statement
(D) None of these
14) Indirect
charges not included in the cost of work done, but should be included
in commercial costing is known as
(A) Proforma
Oncost
(B) General
Oncost
(C) Shop
Oncost
(D) All of
these
15)
Cost incurred in common with more than one shop
or department within the workshop is called
(A) Proforma
Oncost
(B) General
Oncost
(C) Shop
Oncost
(D) All of
these
16)
Cost incurred within one unit, such as a shop or
department or a section is known as
(A) Proforma
Oncost
(B) General
Oncost
(C) Shop
Oncost
(D) All of
these
17)
The Oncost expenditure on labour & material
incurred in individual shops is booked to
(A)
Standing work order
(B)
Oncost work order
(C)
Revenue
(D)
None of these
18)
The expenditure on labour and stores that can
directly chargeable to a work or oncost is called
(A)
Total cost
(B)
Time cost
(C)
Prime cost
(D)
None of the above
19)
A device adopted for carrying out petty jobs
under one or more standing work order is called
(A)
Grouping work order
(B)
Standing work order
(C)
On cost work order
(D)
None of these
20)
The system adopted to compare the cost of
similar articles manufactured from time to time and finding out reasons for
variation is called
(A)
Work order system
(B)
Job costing
(C)
Proforma costing
(D)
None of these
21)
The document which is the authority for the
shops to undertake manufacture of component or assembling for which it is
issued is called
(A)
Job card
(B)
Route card
(C)
Work order
(D)
None of these
22)
The various charges incurred on each work order
are collected in _____
(A)
Ledger
(B) Workshop
General Register
(C) Statement
of work orders
(D)
None of the above
23)
Part I of Workshop General Register comprises of
(A)
Completed work orders
(B)
Ongoing work orders
(C)
Both (A) & (B) above
(D)
None of the above
24)
Part II of Workshop General Register comprises
of
(A)
Completed work orders
(B) Ongoing
work orders
(C) Bothe
(A) & (B) above
(D)
None of the above
25)
The process of collecting, valuating, analysing
and booking of charges for works done is reviewed through
(A)
Workshop Manufacture Suspense account
(B)
Stores suspense
(C)
Deposit suspense
(D)
None of the above
26)
Closing balance under Workshop Manufacture
Suspense account indicates
(A) Monetary value of Outturn
(B) Work in progress
(C) On cost charges
(D) None of the above
27)
Wages of workers in the workshop are primarily
booked to
(A)
Workshop Manufacture Suspense account
(B)
Revenue
(C)
Stores account
(D)
None of these
28)
Cost of material drawn from other workshops is
booked to
(A) Workshop Manufacture Suspense account
(B) Revenue Heads
(C) Deposits
(D) None of the above
29)
The Part I outturn statement indicates the
outlay of works completed in
(A) During the year
(B) Monthly Accounts on hand
(C) Quarterly
(D) None of the above
30)
The outlay shown in Part II of outturn statement
indicates
(A)
Outlay on completed works
(B)
Outlay on works in progress
(C)
Adjustments made to Final Heads
(D)
None of the above
31)
The ‘Average Annual cost of service’ also
includes
(A) Annual sinking fund payment to depreciation
fund
(B) Annual interest charges on the cost of the
asset
(C) Both (A) & (B) above
(D) None of the above
32)
The All-in-cost of work executed in workshop
comprises of
(A) Prime cost
(B) Works on cost
(C) Both (A) & (B) above
(D) None of the above
33)
The cost of supervision for deposit works
undertaken in workshops is
(A) 5%
(B) 10%
(C) 12.5%
(D) 15%
34) In the
Accounts office, the estimates are verified to see the
(A) Propriety of expenditure
(B) Incidence and classification of charges
(C) Competency of sanction
(D) All of the above
35) Acquisition
of new Rolling Stock is done through
(A) Rolling
Stock Programme
(B) Works
Programme
(C) M&P
Programme
(D) None of
the above
36)
A specified number of Rolling Stock is
authorized for each zone under the heading
(A) Authorized
Stock
(B) Rolling
Stock
(C) A &
B above
(D) None of
the above
37) Workshop
Manufacturing Suspense falls under which Head of Account
(A) Capital Suspense PH 7200
(B) Capital Suspense PH 7100
(C) Capital Suspense PH 7300
(D) None of the above
38) Road
Vehicles are procured through
(A) Rolling
Stock Programme
(B) M&P
Programme
(C) Tools
& Plant
(D) None of
the above
39) Immovable
office Furniture is procured through
(A) Rolling Stock Programme
(B) M&P Programme
(C) Tools & Plant
(D) None of the above
40) Calculation
of Rate of Return is not necessary for procurement of
(A) Safety consideration
(B) Replacement account
(C) Additional account
(D) None of the above
41) Urgent
M&P items can be procured through
(A) Out of
turn sanctions
(B) Railway
Board separately
(C) Priority
in M&P
(D) None of
the above
42) Staff
Amenity works in workshops are charged to
(A) PH 5200
(B) PH 6300
(C) DF IV
(D) DF II
43) M&P
programme is budgetted under
(A) PH-21
(B) PH-41
(C) PH-42
(D) PH-53
44) Items of
M&P costing less than Rs. 1 lakh should be procured through
(A) Revenue
(B) PH-41
(C) Capital
(D) None of the above
45) The
currency of GMs sanction of M&P programme is up to
(A) 5 years
(B) 4 years
(C) 3 years
(D) 2 years
46) The
amount projected under ‘Revenue credits’ of Workshop Manufacture Suspense
account should correlate with
(A) Projections
made in Revenue Demands 5,6,7
(B) Projections
made in Capital Stores Suspense
(C) Projections
made in PH 7100
(D) None of
the above
47)
The amount projected under ‘Material and Stores’
under Workshop Manufacture Suspense account should correlate with the
Projections made
under
(A) Revenue
Demands 5 and 6
(B) Issues
to Capital Manufacturing Suspense under Stores Budget
(C) No
correlation required
(D) None of
the above
48)
Projections made under ‘Material and Stores’ of
Workshop Manufacture Suspense account should correlate with
(A)
Projections made under ‘Issues to Capital
Manufacturing Suspense’ in Stores Budget
(B) Demand
No. 5 and 6
(C) Demand
No. 7
(D) None of
the above
49) Material
drawn from Stores Depots by workshops is debited to
(A) Workshop Manufacture Suspense account
(B) Labour suspense
(C) Stores suspense
(D) None of the above
50) Proforma
On cost charges collected in deposit works is
(A) Credited to Earnings
(B) Credited to Revenue Heads
(C) Credited to Plan Heads
(D) None of the above
51) Proforma
On cost budget is prepared
(A) Annually
(B) Half
yearly
(C) Quarterly
(D) Monthly
Answer key
|
1B |
2A |
3A |
4A |
5D |
6A |
7A |
8B |
9B |
10B |
11B |
12A |
|
13A |
14A |
15B |
16C |
17A |
18C |
19A |
20B |
21B |
22B |
23A |
24B |
|
25A |
26B |
27A |
28A |
29B |
30B |
31C |
32C |
33C |
34D |
35A |
36A |
|
37A |
38B |
39C |
40A |
41A |
42A |
43B |
44A |
45C |
46A |
47B |
48A |
|
49A |
50A |
51A |
|
|
|
|
|
|
|
|
|
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