Showing posts with label Sample Test Paper. Show all posts

16 April 2026

📚 UN Audit Mock Test (See result your self)

Posted by Bhupendra Lad with No comments

📖🔥 Click Here → Then Tap FOLLOW
Get Daily Railway MCQs FREE 🚀

Time Left: 30:00

April 16, 2026

Mock Test, Sample Test Paper, UN AUDIT

07 April 2026

📘 FULL MOCK TEST – FMT- 5 (100 MCQs – Final Level)

Posted by Bhupendra Lad with No comments

📘 FULL MOCK TEST – FMT- 5 (100 MCQs – Final Level)

If contribution is zero, the firm is at:
A. Profit
B. Loss
C. Break-even with zero fixed cost recovery
D. None
Answer: C
Major Head classification ensures:
A. Object grouping
B. Functional grouping
C. Scheme grouping
D. None
Answer: B
Delegation exceeding authority results in:
A. Valid sanction
B. Irregular expenditure
C. Profit
D. None
Answer: B
Acceptance of abnormally low tender without justification is:
A. Valid
B. Risky and irregular
C. Mandatory
D. None
Answer: B
Internal check failure primarily leads to:
A. Efficiency
B. Fraud risk
C. Profit
D. None
Answer: B
Contribution per unit = ₹0 implies:
A. SP > VC
B. SP < VC
C. SP = VC
D. None
Answer: C
Budget is prepared before:
A. Audit
B. Execution period
C. Accounting
D. None
Answer: B
Capital expenditure should not be:
A. Asset creating
B. Charged to revenue
C. Non-recurring
D. None
Answer: B
Object Head answers:
A. Why spent
B. Where spent
C. On what spent
D. None
Answer: C
Appropriation Accounts mainly detect:
A. Profit
B. Variances
C. Assets
D. None
Answer: B

Limited tender reduces:
A. Competition
B. Transparency
C. Both
D. None
Answer: C
Performance guarantee is generally:
A. Optional
B. Mandatory for contracts
C. Audit tool
D. None
Answer: B
Accrued income increases:
A. Liability
B. Asset
C. Expense
D. None
Answer: B
Outstanding expenses increase:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Prepaid expenses decrease:
A. Asset
B. Liability
C. Expense of current period
D. None
Answer: C
Re-appropriation without authority is:
A. Valid
B. Irregular
C. Profit
D. None
Answer: B
Excess expenditure indicates:
A. Efficient budgeting
B. Lack of control
C. Profit
D. None
Answer: B
Contract variation beyond limit requires:
A. Ignoring
B. Higher approval
C. Audit only
D. None
Answer: B
Internal check fails when:
A. Duties segregated
B. Duties combined
C. Supervision exists
D. None
Answer: B
Tender process without transparency leads to:
A. Efficiency
B. Bias
C. Profit
D. None
Answer: B

SP ₹300, VC ₹180 → contribution =
A. 120
B. 180
C. 300
D. None
Answer: A
FC ₹1,20,000, contribution ₹60 → BE units =
A. 2,000
B. 3,000
C. 1,000
D. None
Answer: A
Budget ₹50L, actual ₹65L →
A. Saving
B. Excess ₹15L
C. Profit
D. None
Answer: B
Contract ₹60L, completed ₹45L →
A. ₹60L
B. ₹45L
C. ₹15L
D. None
Answer: B
Cash ₹3,00,000, found ₹2,70,000 → shortage =
A. ₹30,000
B. ₹2,70,000
C. ₹3,00,000
D. None
Answer: A
Bids ₹35L, ₹32L, ₹30L → L1 =
A. ₹35L
B. ₹32L
C. ₹30L
D. None
Answer: C
Limit ₹1 Cr, sanction ₹1.2 Cr → excess =
A. ₹20L
B. ₹1 Cr
C. ₹1.2 Cr
D. None
Answer: A
Margin of safety = 0 means:
A. Profit
B. Loss
C. Break-even
D. None
Answer: C
If SP < VC → contribution:
A. Positive
B. Negative
C. Zero
D. None
Answer: B
Contribution ₹50,000, FC ₹60,000 →
A. Profit ₹10,000
B. Loss ₹10,000
C. BE
D. None
Answer: B

Audit detects:
A. Future risk
B. Past errors
C. Profit
D. None
Answer: B
Financial propriety prohibits:
A. Necessary expenditure
B. Excessive expenditure
C. Budgeted expenditure
D. None
Answer: B
Suspense account must be:
A. Permanent
B. Cleared
C. Ignored
D. None
Answer: B
Deposit head indicates:
A. Govt income
B. Liability
C. Asset
D. None
Answer: B
Contract enforceability requires:
A. Legal validity
B. Profit
C. Audit
D. None
Answer: A
Delegation improves:
A. Centralization
B. Decentralization
C. Delay
D. None
Answer: B
Internal check is strongest when:
A. Same person handles all
B. Duties divided
C. No supervision
D. None
Answer: B
Tender system ensures:
A. Favoritism
B. Competition
C. Monopoly
D. None
Answer: B
Budget control failure leads to:
A. Overspending
B. Profit
C. Accuracy
D. None
Answer: A
Appropriation Accounts ensure:
A. Budget compliance
B. Profit
C. Asset valuation
D. None
Answer: A
Railway finance ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
Marginal costing ignores:
A. Variable cost
B. Fixed cost
C. Total cost
D. None
Answer: B
Contribution is useful for:
A. BEP
B. Decision making
C. Profit planning
D. All
Answer: D
Financial rules ensure:
A. Discipline
B. Control
C. Efficiency
D. All
Answer: D
Railway accounts ensure:
A. Accuracy
B. Control
C. Compliance
D. All
Answer: D
Misclassification leads to:
A. Audit objection
B. Profit
C. Loss
D. None
Answer: A
Internal check avoids:
A. Fraud
B. Error
C. Both
D. None
Answer: C
Contract management ensures:
A. Compliance
B. Control
C. Efficiency
D. All
Answer: D
Tender evaluation ensures:
A. Value for money
B. Quality
C. Price
D. All
Answer: D
Budget is essential for:
A. Planning
B. Control
C. Decision
D. All
Answer: D
Railway financial system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
BEP is influenced by:
A. SP
B. VC
C. FC
D. All
Answer: D
Delegation ensures:
A. Efficiency
B. Accountability
C. Control
D. All
Answer: D
Internal check is:
A. Continuous
B. One-time
C. Optional
D. None
Answer: A
Financial discipline ensures:
A. Control
B. Efficiency
C. Transparency
D. All
Answer: D

April 07, 2026

Accounts, Appendix-II, Appendix-II -Paper-1, Appendix-III, CPD, Mock Test, Model Papers, Sample Test Paper

📘 FULL MOCK TEST – FMT- 4 (100 MCQs – Expert Level)

Posted by Bhupendra Lad with No comments

📘 FULL MOCK TEST – FMT- 4 (100 MCQs – Expert Level)

If selling price per unit equals variable cost per unit, contribution will be:
A. Positive
B. Negative
C. Zero
D. Maximum
Answer: C
Major Head classification is based on:
A. Object
B. Function
C. Scheme
D. Nature
Answer: B
Delegation of financial powers must be:
A. Oral
B. Written
C. Optional
D. Informal
Answer: B
Tender splitting to avoid sanction is:
A. Allowed
B. Encouraged
C. Irregular
D. Mandatory
Answer: C
Internal check is strongest when:
A. Duties are combined
B. Duties are segregated
C. No supervision
D. No records
Answer: B
Contribution per unit is:
A. SP – FC
B. SP – VC
C. VC – FC
D. None
Answer: B
Budget is mainly a tool of:
A. Recording
B. Planning and control
C. Audit
D. Ledger
Answer: B
Capital expenditure leads to:
A. Expense only
B. Asset creation
C. Liability only
D. None
Answer: B
Object Head indicates:
A. Function
B. Nature of expense
C. Scheme
D. Department
Answer: B
Appropriation Accounts are used for:
A. Profit calculation
B. Budget comparison
C. Asset valuation
D. None
Answer: B

Limited tender is appropriate when:
A. Large competition needed
B. Limited sources exist
C. Public bidding required
D. None
Answer: B
Performance guarantee is meant for:
A. Profit
B. Work completion assurance
C. Audit
D. None
Answer: B
Accrued income is recorded as:
A. Liability
B. Asset
C. Expense
D. None
Answer: B
Outstanding expenses are:
A. Assets
B. Liabilities
C. Income
D. None
Answer: B
Prepaid expenses are:
A. Assets
B. Liabilities
C. Income
D. None
Answer: A
Re-appropriation is allowed:
A. Between grants
B. Within same grant
C. Without approval
D. None
Answer: B
Excess expenditure requires:
A. Ignoring
B. Regularization
C. Deletion
D. None
Answer: B
Contract variation must be:
A. Ignored
B. Approved
C. Deleted
D. None
Answer: B
Internal check relies on:
A. Segregation
B. Supervision
C. Verification
D. All
Answer: D
Tender committee ensures:
A. Bias
B. Fair evaluation
C. Delay
D. None
Answer: B

SP ₹250, VC ₹150 → contribution =
A. 100
B. 150
C. 250
D. None
Answer: A
FC ₹1,00,000, contribution ₹50 → BE units =
A. 2,000
B. 1,000
C. 500
D. None
Answer: A
Budget ₹30L, actual ₹25L →
A. Saving ₹5L
B. Excess
C. Profit
D. None
Answer: A
Contract ₹40L, completed ₹30L → payment =
A. ₹40L
B. ₹30L
C. ₹10L
D. None
Answer: B
Cash ₹2,00,000, found ₹1,80,000 → shortage =
A. ₹20,000
B. ₹1,80,000
C. ₹2,00,000
D. None
Answer: A
Bids ₹25L, ₹20L, ₹22L → L1 =
A. ₹25L
B. ₹22L
C. ₹20L
D. None
Answer: C
Limit ₹50L, sanction ₹60L → excess =
A. ₹10L
B. ₹50L
C. ₹60L
D. None
Answer: A
Margin of safety increases when:
A. Sales increase
B. BE increases
C. VC increases
D. None
Answer: A
If VC decreases → contribution:
A. Increases
B. Decreases
C. Same
D. None
Answer: A
If contribution > FC →
A. Loss
B. Profit
C. BE
D. None
Answer: B

Audit ensures:
A. Profit
B. Compliance
C. Loss
D. None
Answer: B
Financial propriety requires:
A. Waste
B. Prudence
C. Excess
D. None
Answer: B
Suspense account is used for:
A. Final classification
B. Temporary booking
C. Capital
D. None
Answer: B
Deposit head represents:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Contract must be:
A. Written
B. Oral
C. Optional
D. None
Answer: A
Delegation improves:
A. Delay
B. Efficiency
C. Loss
D. None
Answer: B
Internal check ensures:
A. Accuracy
B. Control
C. Both
D. None
Answer: C
Tender system avoids:
A. Competition
B. Bias
C. Profit
D. None
Answer: B
Budget control avoids:
A. Overspending
B. Profit
C. Loss
D. None
Answer: A
Appropriation Accounts ensure:
A. Control
B. Profit
C. Loss
D. None
Answer: A
Railway finance ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
Marginal costing focuses on:
A. Fixed cost
B. Variable cost
C. Total cost
D. None
Answer: B
Contribution is:
A. Sales – VC
B. Sales – FC
C. VC – FC
D. None
Answer: A
Financial rules ensure:
A. Discipline
B. Control
C. Efficiency
D. All
Answer: D
Railway accounts depend on:
A. Budget
B. Audit
C. Control
D. All
Answer: D
Correct classification ensures:
A. True accounts
B. Profit
C. Loss
D. None
Answer: A
Internal check avoids:
A. Fraud
B. Error
C. Both
D. None
Answer: C
Contract management ensures:
A. Compliance
B. Control
C. Efficiency
D. All
Answer: D
Tender evaluation ensures:
A. Value for money
B. Quality
C. Price
D. All
Answer: D
Budget is essential for:
A. Planning
B. Control
C. Decision
D. All
Answer: D
Railway financial system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
BEP depends on:
A. SP
B. VC
C. FC
D. All
Answer: D
Delegation ensures:
A. Efficiency
B. Accountability
C. Control
D. All
Answer: D
Internal check is:
A. Continuous
B. One-time
C. Optional
D. None
Answer: A
Financial discipline ensures:
A. Control
B. Efficiency
C. Transparency
D. All
Answer: D

April 07, 2026

Appendix-II, Appendix-II -Paper-1, CPD, Mock Test, Model Papers, Sample Test Paper

📘 FULL MOCK TEST – FMT- 3 (100 MCQs – Advanced & Case-Based)

Posted by Bhupendra Lad with No comments

📘 FULL MOCK TEST – FMT- 3 (100 MCQs – Advanced & Case-Based)

If fixed cost increases while contribution remains constant, BEP will:
A. Decrease
B. Increase
C. Remain same
D. Zero
Answer: B
Major Head classification is primarily based on:
A. Nature
B. Function
C. Object
D. Scheme
Answer: B
Delegation of power without written authority is:
A. Valid
B. Irregular
C. Acceptable
D. None
Answer: B
A tender with unrealistic low rates is:
A. Always accepted
B. Always rejected
C. Subject to scrutiny
D. Ignored
Answer: C
Internal check primarily prevents:
A. Past errors
B. Future errors
C. Audit
D. Budget
Answer: B
Contribution per unit decreases when:
A. SP increases
B. VC increases
C. FC increases
D. Sales increase
Answer: B
Budgetary control focuses on:
A. Past data
B. Future planning
C. Both
D. None
Answer: C
Capital expenditure is characterized by:
A. Recurring nature
B. Asset creation
C. Expense only
D. None
Answer: B
Object Head classification relates to:
A. Function
B. Nature of expense
C. Scheme
D. None
Answer: B
Appropriation Accounts highlight:
A. Profit
B. Budget compliance
C. Revenue
D. None
Answer: B

Limited tender is used when:
A. High competition needed
B. Limited suppliers available
C. Public bidding
D. None
Answer: B
Performance guarantee is forfeited when:
A. Work completed
B. Contractor fails
C. Audit done
D. None
Answer: B
Accrued income affects:
A. Asset
B. Liability
C. Expense
D. None
Answer: A
Outstanding expenses affect:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Prepaid expenses result in:
A. Asset
B. Liability
C. Income
D. None
Answer: A
Re-appropriation is allowed within:
A. Same grant
B. Different grant
C. No grant
D. None
Answer: A
Excess expenditure requires:
A. Ignoring
B. Regularization
C. Audit only
D. None
Answer: B
Contract variation without approval is:
A. Valid
B. Irregular
C. Profit
D. None
Answer: B
Internal check is strengthened by:
A. Segregation of duties
B. Combining duties
C. Ignoring control
D. None
Answer: A
Tender committee ensures:
A. Bias
B. Fair evaluation
C. Delay
D. None
Answer: B

SP ₹150, VC ₹90 → contribution =
A. 60
B. 90
C. 150
D. None
Answer: A
FC ₹60,000, contribution ₹30 → BE units =
A. 2,000
B. 3,000
C. 1,000
D. None
Answer: A
Budget ₹20L, actual ₹25L →
A. Saving
B. Excess ₹5L
C. Profit
D. None
Answer: B
Contract ₹30L, completed ₹24L →
A. ₹30L
B. ₹24L
C. ₹6L
D. None
Answer: B
Cash ₹80,000, found ₹70,000 → shortage =
A. 10,000
B. 70,000
C. 80,000
D. None
Answer: A
Bids ₹15L, ₹12L, ₹18L, ₹10L → L1 =
A. ₹15L
B. ₹12L
C. ₹10L
D. None
Answer: C
Limit ₹25L, sanction ₹30L → excess =
A. ₹5L
B. ₹25L
C. ₹30L
D. None
Answer: A
Margin of safety decreases when:
A. Sales increase
B. BE increases
C. VC decreases
D. None
Answer: B
If VC = SP → contribution =
A. Positive
B. Zero
C. Negative
D. None
Answer: B
If contribution < FC →
A. Profit
B. Loss
C. BE
D. None
Answer: B

Audit primarily ensures:
A. Profit
B. Compliance
C. Loss
D. None
Answer: B
Financial propriety emphasizes:
A. Waste
B. Prudence
C. Excess
D. None
Answer: B
Suspense account is cleared by:
A. Final classification
B. Audit
C. Payment
D. None
Answer: A
Deposit account represents:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Contract must satisfy:
A. Legal enforceability
B. Profit
C. Audit
D. None
Answer: A
Delegation reduces:
A. Delay
B. Efficiency
C. Control
D. None
Answer: A
Internal check is effective when:
A. Duties segregated
B. Duties combined
C. No control
D. None
Answer: A
Tender system prevents:
A. Competition
B. Bias
C. Profit
D. None
Answer: B
Budget control ensures:
A. Overspending
B. Discipline
C. Loss
D. None
Answer: B
Appropriation Accounts help in:
A. Profit calculation
B. Control
C. Loss
D. None
Answer: B
Railway finance system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
Marginal costing ignores:
A. Variable cost
B. Fixed cost
C. Total cost
D. None
Answer: B
Contribution is key for:
A. Profit planning
B. BEP
C. Decision making
D. All
Answer: D
Financial rules ensure:
A. Discipline
B. Control
C. Efficiency
D. All
Answer: D
Railway accounts depend on:
A. Budget
B. Audit
C. Control
D. All
Answer: D
Misclassification leads to:
A. Audit objection
B. Profit
C. Loss
D. None
Answer: A
Internal check avoids:
A. Fraud
B. Error
C. Both
D. None
Answer: C
Contract management ensures:
A. Compliance
B. Control
C. Efficiency
D. All
Answer: D
Tender evaluation ensures:
A. Value for money
B. Quality
C. Price
D. All
Answer: D
Budget is essential for:
A. Planning
B. Control
C. Decision
D. All
Answer: D
Railway financial system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
BEP depends on:
A. SP
B. VC
C. FC
D. All
Answer: D
Delegation ensures:
A. Efficiency
B. Accountability
C. Control
D. All
Answer: D
Internal check is:
A. Continuous
B. One-time
C. Optional
D. None
Answer: A
Financial discipline ensures:
A. Control
B. Efficiency
C. Transparency
D. All
Answer: D

April 07, 2026

Accounts, Appendix-II, Appendix-II -Paper-1, Appendix-III, CPD, Mock Test, Model Papers, Sample Test Paper

📘 FULL MOCK TEST – FMT-2 (100 MCQs – Mixed Advanced)

Posted by Bhupendra Lad with No comments

📘 FULL MOCK TEST – FMT-2 (100 MCQs – Mixed Advanced)

If contribution increases, BEP will:
A. Increase
B. Decrease
C. Remain same
D. Zero
Answer: B
Minor Head represents:
A. Object
B. Sub-division of Major Head
C. Scheme
D. None
Answer: B
Delegation without authority is:
A. Valid
B. Irregular
C. Profit
D. None
Answer: B
Tender without EMD is:
A. Valid
B. Rejected
C. Accepted
D. None
Answer: B
Internal check is primarily:
A. Preventive
B. Corrective
C. Audit
D. None
Answer: A
Budget variance is:
A. Profit
B. Difference
C. Loss
D. None
Answer: B
Contribution ratio is also called:
A. Profit ratio
B. P/V ratio
C. Cost ratio
D. None
Answer: B
Capital expenditure results in:
A. Expense
B. Asset creation
C. Liability
D. None
Answer: B
Revenue expenditure is:
A. Non-recurring
B. Recurring
C. Capital
D. None
Answer: B
Object Head represents:
A. Function
B. Nature
C. Scheme
D. None
Answer: B

L1 bidder means:
A. Highest
B. Lowest
C. Average
D. None
Answer: B
Performance guarantee ensures:
A. Payment
B. Completion
C. Audit
D. None
Answer: B
Accrued income is:
A. Asset
B. Liability
C. Expense
D. None
Answer: A
Outstanding expense is:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Prepaid expense is:
A. Asset
B. Liability
C. Income
D. None
Answer: A
Budget is approved by:
A. Officer
B. Parliament
C. Auditor
D. None
Answer: B
Re-appropriation requires:
A. Approval
B. Ignoring
C. Audit only
D. None
Answer: A
Excess expenditure is:
A. Valid
B. Irregular
C. Profit
D. None
Answer: B
Contract variation must be:
A. Ignored
B. Approved
C. Deleted
D. None
Answer: B
Internal check requires:
A. Segregation
B. Control
C. Monitoring
D. All
Answer: D

SP ₹200, VC ₹120 → contribution =
A. 80
B. 120
C. 200
D. None
Answer: A
FC ₹80,000, contribution ₹40 → BE units =
A. 2,000
B. 4,000
C. 1,000
D. None
Answer: A
Budget ₹15L, actual ₹12L →
A. Saving ₹3L
B. Excess
C. Profit
D. None
Answer: A
Contract ₹20L, completed ₹15L →
A. ₹20L
B. ₹15L
C. ₹5L
D. None
Answer: B
Cash ₹1,00,000, found ₹1,10,000 →
A. Shortage
B. Excess ₹10,000
C. Profit
D. None
Answer: B
4 bids: ₹12L, ₹10L, ₹11L, ₹9L → L1 =
A. ₹12L
B. ₹10L
C. ₹9L
D. None
Answer: C
Limit ₹15L, sanction ₹18L → excess =
A. ₹3L
B. ₹15L
C. ₹18L
D. None
Answer: A
Margin of safety = ₹50,000 → indicates:
A. Risk
B. Safety
C. Profit
D. None
Answer: B
VC increases → contribution:
A. Increases
B. Decreases
C. Same
D. None
Answer: B
SP decreases → BEP:
A. Decreases
B. Increases
C. Same
D. None
Answer: B

Audit ensures:
A. Profit
B. Compliance
C. Loss
D. None
Answer: B
Financial propriety requires:
A. Waste
B. Prudence
C. Loss
D. None
Answer: B
Suspense account is:
A. Final
B. Temporary
C. Capital
D. None
Answer: B
Deposit head is:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Contract must be:
A. Written
B. Oral
C. Optional
D. None
Answer: A
Delegation ensures:
A. Delay
B. Efficiency
C. Loss
D. None
Answer: B
Internal check ensures:
A. Accuracy
B. Control
C. Both
D. None
Answer: C
Tender system ensures:
A. Competition
B. Bias
C. Profit
D. None
Answer: A
Budget control ensures:
A. Overspending
B. Discipline
C. Loss
D. None
Answer: B
Appropriation Accounts ensure:
A. Control
B. Profit
C. Loss
D. None
Answer: A
Railway finance ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
Marginal costing focuses on:
A. Fixed cost
B. Variable cost
C. Total cost
D. None
Answer: B
Contribution is:
A. Sales – VC
B. Sales – FC
C. VC – FC
D. None
Answer: A
Financial rules ensure:
A. Discipline
B. Control
C. Efficiency
D. All
Answer: D
Railway accounts depend on:
A. Budget
B. Audit
C. Control
D. All
Answer: D
Correct classification ensures:
A. True accounts
B. Profit
C. Loss
D. None
Answer: A
Internal check avoids:
A. Fraud
B. Error
C. Both
D. None
Answer: C
Contract management ensures:
A. Control
B. Compliance
C. Efficiency
D. All
Answer: D
Tender evaluation ensures:
A. Best value
B. Quality
C. Price
D. All
Answer: D
Budget is tool of:
A. Planning
B. Control
C. Both
D. None
Answer: C
Railway financial system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
BEP is affected by:
A. SP
B. VC
C. FC
D. All
Answer: D
Delegation ensures:
A. Efficiency
B. Control
C. Accountability
D. All
Answer: D
Internal check is:
A. Continuous
B. One-time
C. Optional
D. None
Answer: A
Financial discipline ensures:
A. Control
B. Efficiency
C. Transparency
D. All
Answer: D

April 07, 2026

Appendix-II, Appendix-II -Paper-1, Mock Test, Sample Test Paper

📘 FULL MOCK TEST for APPENDIX-II/IIA– FMT-1 (100 MCQs)

Posted by Bhupendra Lad with No comments

📘 FULL MOCK TEST – FMT-1 (100 MCQs)

(Mixed: RFC, Costing, Budget, Tender, Internal Check, etc.)

Contribution =
A. Sales – Fixed cost
B. Sales – Variable cost
C. Fixed – Variable
D. None
Answer: B
Major Head represents:
A. Object
B. Function
C. Scheme
D. Nature
Answer: B
BEP occurs when:
A. Profit
B. Loss
C. No profit no loss
D. Maximum profit
Answer: C
Delegation beyond limit is:
A. Valid
B. Irregular
C. Profit
D. None
Answer: B
Tender ensures:
A. Monopoly
B. Competition
C. Loss
D. Delay
Answer: B
Internal check is part of:
A. Audit
B. Internal control
C. Budget
D. Ledger
Answer: B
Fixed cost is:
A. Variable
B. Constant
C. Increasing
D. Decreasing
Answer: B
Appropriation means:
A. Payment
B. Allocation
C. Audit
D. None
Answer: B
Contract breach leads to:
A. Profit
B. Penalty
C. Loss
D. None
Answer: B
Object Head shows:
A. Function
B. Nature
C. Scheme
D. None
Answer: B

P/V ratio =
A. Profit/Sales
B. Contribution/Sales
C. Cost/Sales
D. None
Answer: B
Budget is:
A. Actual
B. Estimate
C. Ledger
D. Audit
Answer: B
L1 means:
A. Highest
B. Lowest
C. Average
D. None
Answer: B
Accrued income is:
A. Received
B. Earned not received
C. Paid
D. None
Answer: B
Prepaid expense is:
A. Asset
B. Liability
C. Income
D. None
Answer: A
Outstanding expense is:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Contribution first covers:
A. Profit
B. Fixed cost
C. Variable cost
D. None
Answer: B
Internal check reduces:
A. Profit
B. Fraud
C. Cost
D. None
Answer: B
Tender validity means:
A. Time
B. Price
C. Audit
D. None
Answer: A
Re-appropriation means:
A. Transfer of funds
B. Payment
C. Audit
D. None
Answer: A

SP ₹100, VC ₹60 → contribution =
A. 40
B. 60
C. 100
D. None
Answer: A
FC ₹40,000, contribution ₹20 → BE units =
A. 2,000
B. 1,000
C. 4,000
D. None
Answer: A
Budget ₹10L, actual ₹12L →
A. Saving
B. Excess ₹2L
C. Profit
D. None
Answer: B
Contract ₹10L, completed ₹8L → payment =
A. 10L
B. 8L
C. 2L
D. None
Answer: B
Cash ₹50,000, found ₹45,000 → shortage =
A. 5,000
B. 45,000
C. 50,000
D. None
Answer: A
3 bids: ₹8L, ₹9L, ₹7L → L1 =
A. ₹9L
B. ₹8L
C. ₹7L
D. None
Answer: C
Limit ₹10L, sanction ₹12L →
A. Valid
B. Excess ₹2L
C. Saving
D. None
Answer: B
Margin of safety =
A. Sales – BE
B. BE – Sales
C. Profit
D. None
Answer: A
VC increases → BEP
A. Decreases
B. Increases
C. Same
D. None
Answer: B
SP increases → BEP
A. Decreases
B. Increases
C. Same
D. None
Answer: A

76–100

Audit ensures:
A. Profit
B. Compliance
C. Loss
D. None
Answer: B
Financial propriety ensures:
A. Waste
B. Economy
C. Loss
D. None
Answer: B
Suspense head is:
A. Final
B. Temporary
C. Capital
D. None
Answer: B
Deposit head represents:
A. Asset
B. Liability
C. Income
D. None
Answer: B
Contract must be:
A. Oral
B. Written
C. Optional
D. None
Answer: B
Delegation improves:
A. Delay
B. Efficiency
C. Loss
D. None
Answer: B
Internal check ensures:
A. Accuracy
B. Control
C. Both
D. None
Answer: C
Tender system avoids:
A. Competition
B. Bias
C. Profit
D. None
Answer: B
Budget control avoids:
A. Overspending
B. Profit
C. Loss
D. None
Answer: A
Appropriation Accounts compare:
A. Budget vs actual
B. Profit vs loss
C. Asset vs liability
D. None
Answer: A
Railway finance ensures:
A. Control
B. Transparency
C. Accountability
D. All
Answer: D
Marginal costing focuses on:
A. Fixed cost
B. Variable cost
C. Total cost
D. None
Answer: B
Contribution =
A. Sales – VC
B. Sales – FC
C. VC – FC
D. None
Answer: A
Financial rules ensure:
A. Discipline
B. Control
C. Efficiency
D. All
Answer: D
Railway accounts depend on:
A. Budget
B. Audit
C. Control
D. All
Answer: D
Correct classification ensures:
A. True accounts
B. Profit
C. Loss
D. None
Answer: A
Internal check avoids:
A. Fraud
B. Error
C. Both
D. None
Answer: C
Contract management ensures:
A. Control
B. Compliance
C. Efficiency
D. All
Answer: D
Tender evaluation ensures:
A. Best value
B. Quality
C. Price
D. All
Answer: D
Budget is tool of:
A. Planning
B. Control
C. Both
D. None
Answer: C
Railway financial system ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D
BEP is point of:
A. Profit
B. Loss
C. No profit no loss
D. None
Answer: C
Delegation ensures:
A. Efficiency
B. Control
C. Accountability
D. All
Answer: D
Internal check is:
A. Continuous
B. One-time
C. Optional
D. None
Answer: A
Financial discipline ensures:
A. Control
B. Efficiency
C. Transparency
D. All
Answer: D

April 07, 2026

Appendix-II, Appendix-II -Paper-1, Mock Test, Sample Test Paper

16 April 2026

📚 UN Audit Mock Test (See result your self)

07 April 2026

📘 FULL MOCK TEST – FMT- 5 (100 MCQs – Final Level)

📘 FULL MOCK TEST – FMT- 5 (100 MCQs – Final Level)

📘 FULL MOCK TEST – FMT- 4 (100 MCQs – Expert Level)

📘 FULL MOCK TEST – FMT- 4 (100 MCQs – Expert Level)

📘 FULL MOCK TEST – FMT- 3 (100 MCQs – Advanced & Case-Based)

📘 FULL MOCK TEST – FMT- 3 (100 MCQs – Advanced & Case-Based)

📘 FULL MOCK TEST – FMT-2 (100 MCQs – Mixed Advanced)

📘 FULL MOCK TEST – FMT-2 (100 MCQs – Mixed Advanced)

📘 FULL MOCK TEST for APPENDIX-II/IIA– FMT-1 (100 MCQs)

📘 FULL MOCK TEST – FMT-1 (100 MCQs)

76–100

Read in any language

Select Topics

Popular Posts

HTML provided by Chat GPT

Sample Test Papers

Model Papers