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.
(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)
(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 – discuss
(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
(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
(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
(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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