SOUTHERN RAILWAY
05/01/2011 PAPER
I
I GENERAL KNOWLEDGE & ENGLISH, OFFICIAL LANGUAGE POLICY: GENERAL
PRINCIPLES OF GOVERNMENT ACCOUNTING AND AUDITING WITH SPECIAL REFERENCE TO THE
RAILWAYS.
II BOOKS AND BUDGET INCLUDING TRAFFIC BOOK
Time: 3 Hours Max. Marks 150
Important
This paper contains two sections – A
& B both sections have to be answered section A carries 50 marks and
section B carries 100 marks
SECTION
A (MAX MARKS-50)
Q I Write short notes in about 10 lines (2 X
5=10 marks)
a) Permanent
Seat for India in UN Security council
b) I-T
boom in India
c) Growth
of infrastructure
d) Global
Warming
Q II. “21st
century is expected to be a century in which China and India will set the
momentum for growth to rest of the world” What are your comments on this
statement? Answer should be in around 150 words (10
Marks)
Q. III. Expand the following abbreviations ( 10 X 1) =
10 marks
a) MACP
b)SEBI
c)BOOT
d)CSIR
e)IMF
f) NSE
g)ISRO
h) BRIC - Countries
i) ONGC
j) UNDP
k) ILO
l) TRAI
Q IV. Make sentences with any five of the
flowing and give the meaning within brackets.
(5 X 2)
= 10 Marks
a)
Make a clean breast of
b)
Blow the trumpet
c)
Few and far between
d)
Splitting hairs
e)
Take the wind out of sails
f)
Bury the hatchet
g)
Apropos
h)
Burn the mid night candle
Q V 5. Fill in the blanks (5 marks)
The
absence ---------- of census data is taken advantagae of ---------various
persons --------------- each state ----------boost the estimates
--------------persons speaking their language.
Q VI . Who are the authors of the following books? Answer any five
(5 X 1)
= 5 Marks
a)
My experiments with truth
b)
War and peace
c)
Das capital
d)
Treasure island
e)
Pride and prejudice
f)
Discovery of India
g)
Geetanjali
SECTION
B
This section contains two parts A & B
Attempt four questions taking any two from each
part
All questions carry equal marks of 25 each
(25 X
2) = 50 Marks
Q I “The present procedure of Apportionment of Earnings and Expenditure
is not fair to Southern Railway with a limited lead”. Discuss
Q II Explain how statistical Compilations help in the main functions of
Traffic costing cell.
Q III (a) Write Short Notes –
Answer any two
I.
Zero based budgeting
II.
Action take note
III.
Activity based costing
IV.
Urgency certificate
(b) What are
the salient fearures of theofficial language policy of Govt. of India as per
the official Lanauge Act, 1963?
(15 Marks)
Q IV (a) What are Appropriation Accounts?
(b) Annexure ‘J’ is the
index of efficiency of the Accounts Department – discu(18 + 7 )= 25 Marks
PART B
(25 X
2) = 50 Marks
Q V (a) What is the need for separate audit by ther
representatives of Comptroller and auditor General of India with reference to
Railway Accounts?
(b) With more effective organisation of internal audit
can this be dispense with? Discuss in detail.
(12 ½ + 12 ½) = 25 marks
Q VI What are the steps you would suggest to control
the expenditure, both on establishment and non-establishment side, to improve
the Railway finances which are affected badly due to implementation of 6th
Pay Commission Award
(25
Marks)
Q VII (a) What does Performance Budget mean?
(b) With
particular reference to the Railway, give exam,ples from the budget
classifications and discuss their importance and utility.
(10+15)=25
Marks
Q VIII (a) Write Short Notes Answer any two
2
X 5 ) = 10 Marks
i.
Reserve Bank of India Suspense
ii.
Raiwlay convetntion committee
iii.
Matreial modificiation
iv.
Wagon turn around
(b) Answer in one word
(15 X 1) = 15 Marks
- The Objective of maintaining Suspense
Heads in Railway accounting is to ensure a link between the system of
----------------- and ----------------
- On
the expenditure side, the revenue liability of the railway for a month are
adjusted to the working expenses
through suspense head -----------------
- Consumption
of materials obtained for a specific works is watched through --------------- account
of the work
- To
verify whether the financial return anticipated from a project at the
estimate stage is actually realised or not railways conduct -------------
test
- Credits
realised from surplus stock found in stock verification is taken as / not
taken as reduction of demand
- Any
amount required to satisfy the award of arbitrator is
-------------------expenditure
- The
mechanism used for concurrent regulation of cash outgo against cash content of
budget is known as --------------------
- The
amount of all cheques drawn for the day is ------------t ot he head
“cheques and Bills”
- Cheques
and bills reconciliations made between -------------------and
---------------------the balance represents -------------------
- When
an asset is repaired at comparatively high cost in preference to ti being
replaced it is known as ------------
- When
stores are purchased for general purpose, the value of the material is
debited to -------------------head
- Interest
and maintenance charges on account of assisted siding is classified as
------------\implementation of exchequer
control involves correct assessment of -------------------and
-----------------portion of sanctioned annual budget
- The
cost of replacement of ballast involving improved type of ballast is
charged to ------------.
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SOUTHERN RAILWAY
PAPER
II
06.01.2011 TIME:3
Hours
IMPORTANT
TOTAL SIX QUESTIONS TO BE ANSWERED
TWO FROM PART I AND TWO FROM PART II AND TWO FROM
EITHER PART III (A) OR PART III (B)
ALL QUESTIONS CARRY EQUAL MARKS OF 25 EACH
PART I
FINANCIAL JUSTIFICATION FOR EXPENDITURE and TRAFFIC COSTING
(MAX MARKS 50) ANSWER ANY TWO
1 There is an overwhelming view that the Cross Subsidy
of Passenger Traffic by Freight Traffic should be given up and there should be
alignment of tariff with cost. How far our Traffic Costing System can be relied
upon to help taking decision in such an important area? Discuss in detail
2. (a)Explain the following methods for Financial
Appraisal of a project with assumed figure
i) Pay Back Method
ii.) Internal Rate of Return
iii) Net Present Value
(3 X 4
) = 12 Marks
(b) You are required to justify Gauge Conversion Project. What factors
would you take into consideration for working out the financial implications of
the proposal?
(13 Marks)
Q 3. (a) What is meant by “Sensivity Analysis” in
Capital Budgeting?
(b)
Examine the scope sensitivity analysis in a traffic survey report for the
construction of a new railway line
(10
+ 15)= 25 Marks
Q 4. (a) Explain the concept of Joint costs in Railway
Operation
(b) How are such costs apportioned among
various activities of the railway?
PART II
MANAGEMENT ACCOUNTING
ANSWER ANY TWO QUESTIONS
(MAX MARKS 50)
Q 5. (a) Discuss the importance of Accounting Ratios
which are employed to judge the financial performance of a company
(b) Are
these or similar ratios employed in judging the performance of Railways?
(15+10)=
25 Marks
Q 6.The ratios to the activities of National Traders
Limited are as follows
Debtors
Velocity 3 months
Stock
Velocity 8 months
Creditors velocity 2
months
Gross
Profit Ratio 25 %
Gross Profit for the current year ended 31st
December amounts to Rs. 4 Lakhs, closing stock of the year is Rs 10000/- above
the opening stock Bills Recoverable amount to Rs 25000/- and Bills Payable to
Rs 10000/- Find out (a) Sales, (b) Sundry Debtors, (c) Closing Stock and (d)
Sundry Creditors
Q 7. (a) Write in detail about the applications of
Break Even Analysis
(b)
Explain the difference between “Profit Centre” and “Cost Centre”
(c)
Explain the difference between “Standard Costing” and “Job Costing”
(13 + 6+ 6) = 25 Marks
Q 8. ABC Limited Manufactures and sells four types of
products under the brand name A, B, C and D . The sales mix in value comprises
33.33%, 41.67, 16.67 % and 8.33 % for products A,B,C and D respectively. The
total budgeted sales at 100% are Rs 60000/- per month
Operating Costs are
Variable cost as percent of selling price
Product A - 60
%
Product B - 68
%
Product C - 80
% and
Product D - 40
%
Calculate the Break even Point for the products on an
overall basis
Q 9 (a) What do you understand by ‘Life-Cycle’ costing?
(b) What
are the important areas where it can be employed?
(c) How
is it improvement over the normal costing system?
(9+8+8)=25 Marks
PART III
(A)
Traffic
accounts, statistics and Establishment
Answer any two (2
x 25)=50 Marks
Q 10 Checks in Traffic accounts Office cannot be final and have to be
supplemented by checks by TIAs. Discuss this with reference to atleast two
returns/documents received in Traffic accounts Office
Q 11 Write short notes on any four
(4
x 6 ¼ )=25 Marks
a) Terminal
charges
B) Reconstruction fo delvery book of a stations
destroyed in fire
C) Engine performance
analysis
D) Running allowance
E) Specific fuel
consumption
F) Leave Not due
g) next below rule
Q 12. How far the present method of compilation and
presentation of statistical data in railways hep in effective management decision
and control on Indian Railways
Q 13 (a) What are the different kinds of leave
admissible under the railway rules?
(b)
What arethe limits upto which leave can be accumulated and availed of at a
time?
(c) To what extant one can avail leave including extraordinary
leave without pay?
(10+7
½ +7 ½) = 25 Marks
PART
III B
WORKSHOP
STORES ACCOUNTS AND GENERAL EXPENDITURE
Answer any two questions
Q 14 Explain the merits and demerits of the existing
Stock Verification System and give your concrete suggestions for greater
efficiency
Q 15 (a) What are the constituent elements of Workshop
Manufacture Suspense?
(b) What
are the objective of a Job costing as followed in a railway workshop?
( c )
How the above system is used to arrive at accurate costing figures
(9+8+8)=25
Marks
Q 16 Write Short Notes – any four
(4
X 6 ¼ )= 25 marks
a)
Risk purchase
b)
Proforma on cost
c)
Workshop general register
d)
CLW pattern of incentive
e)
Rate contract
f)
Price ledger
g)
Under charges, overcharges
Q17 (a) Examine the significance of drawing up a
completion report s for works?
(b) What
are the problems in finalizing the completion reports within a reasonable period?
( c )
What steps should be taken to expedite the process?
(9+8+8)=25 Marks
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