LDCE QUESTIONS 2007

LDCE QUESTION PAPERS YEAR WISE 2007
SOUTHERN RAILWAY
14TH FEBRUARY 2007
PAPER I
GENERAL KNOWLEDGE & ENGLISH, OFFICIAL LANGUAGE POLICY: GENERAL PRINCIPLES OF GOVERNMENT ACCOUNTING AND AUDITING WITH SPECIAL REFERENCE TO THE RAILWAYS. BOOKS AND BUDGET INCLUDING TRAFFIC BOOK

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)
1. write a short essay on any of the following (10 marks)
a. If there is poverty anywhere, it affects prosperity every where.
b. Effect of information technology on employment – is it positive or negative?
c. Raj Bhasha policy implementation on IR
2. Expand the following abbreviations ( 5 marks – 0.5 marks)
a. GDP b. CDROM c. RVNL d.GPS e. LIBOR f. PSLV g. GSLV h. SEBI i. BOLT j. ASEAN
3. Find the difference in meaning and usage of the following pairs of words( 5 marks)
a. effluent & affluent b. hallmark & bench mark c. jeans & genes d. affect & effect e. interpret & interrupt
4. why have these persons been in the news ( 5 marks)
a. Dr Raja J Cheeliah b. Nawjot Singh Siddhu c. Wangari Maathai d. Mohammed Ynus e. Shane Warne
5. give the name of the authors of these books (5 marks)
a. Search in Secret India b. Raja Tarangini c. The World is flat d. Ignited Minds e. Savitri
6. where are the following situated ( 3 marks 0.5 marks )
a. Buland Darwaza b. Hawa Mahal c. RDSO d. Petronas Towers e. Rolland Garros Ground f. Wax Museum of Madam Tussaud
7. Match the following ( 2 marks 0.5 marks)

Uber cup Cricket
China man Tennis
Check mate Badminton
Deuce chess
8. write a paragraph on any two of the following ( 4 marks each)
a. Dedicated Freight Corridor b. Ombudsman c. GM Crops d. Garib Rath
9. use the following in sentences of your own ( 6 marks 1 ½ marks each)
a. ultra wires b. de-novo c. suo-moto d. inter-alia
10. use the following idioms In your own sentences ( 5 marks)
a. bite the dust b. strike a balance c. in the same breath d. cast the first stone e. pay through the nose
SECTION B MAX MARKS 100
This section contains two parts A & B Attempt four questions taking any two from each
All questions carry equal marks
Part A
1. in a developing country like India on the threshold of the take-off, there is always competing demands between remunerative tariffs and societal needs. This calls of new ways of resource rising and innovative revenue measures. Describe the recent steps taken by IR in the regard. Do you have any suggestion?

2. the public accounts committee of parliament has repeatedly criticised the increasing trend of misclassifications ain accounts and mistakes in budgeting. Present an analysis of the causes for these problems. Suggest appropriate steps to eliminate their recurrence
3. railways are at once a Govt dept and commercial enterprise. Discuss how the twin-need of Govt and commercial accounting are satisfied in railway accounting process. Discuss the issue of dividend payment to the central revenue in this context.
4. write shot notes on any two of the following :
a. Integrated Budget b. Zero Based Budgeting c. Performance Budgeting d. Corporate Plans

Part B
5. Raiwlay Board (FC) have recently appointed a committee to explore the reasons for the delay in submission of monthly actual expenditure and also the variations between the approximates and the actuals. From your angle, analyze the causes for these delays and variations. Can the approximate be dispensed with the actuals submitted at an earlier date? Suggest steps for this.
6. There is a plethora of suspense heads in railway accounting. Discuss the need for continued operation of these suspense heads, specifically focussing on one suspense head each from Earnings, revenue expenditure and works expenditure
7. Write short notes on the following
a. demands payable b. exchequer control c. SRS F d. Annual Debt head Report
8. What is the accounting mechanism for recording the traffic earnings of a railway under various heads and their progressive realisation? Also describe the procedure for the apportionment of traffic earnings amongst railways

ANSWER ANY TWO out of questions 9 to 12 or ANY TWO out of questions 13 to 16 (25 each)
PART III A TRAFFIC ACCOUNTS STATISTICS AND ESTABLISHMENT ( 50 MARKS)
9. do you agree with the statement the magnitude of outstanding under traffic suspense reflects the efficiency of traffic accounts office? Discuss with your suggestions to bring it to the optimal levels.
10. a. what are the various types of statistical information generated from a goods invoice? Explain in detail how any three of them are calculated.
b. what is the reason for the continued difference between accounts office figures and statistical figures in monthly earnings?
11. Write short notes on
a. leave not due b. recent changes in the haulage charges of postal traffic c. scale check register d. combine train reports
12. Give significance of the following statistical results
a. wagon kilometres per wagon per day b. net tonne kilo meters c. occupation ratio d. net tonne kilo meters per engine hour
Part III B WORKSHOP AND STORES ACCOUNTS AND GENERAL EXPENDITURE
13. Elucidate
a. what are the constituent elements of workshop manufacturing suspense?
b. the objective and procedure for job costing in a railway workshop. How would you take make or buy decision based on cost data?
14. write short notes on
a. VED b.repeat order c. stores exception reports d. transfer pricing
15. a. describe the various techniques used for reducing the material cost through various stages in the purchase,storage, issue and disposal
b. how is inventory turn over ratio calculated? Can it be termed as a reliable index of inventory management

16. discuss the management information system with special reference to material management. Explain how the system helps the management in decision making.





LDCE QUESTION PAPERS YEAR WISE
SOUTHERN RAILWAY
15TH FEBRUARY 2007
PAPER II
TOTAL SIX QUESTIONS TO BE ANSWERED – TWO FROM PART I AND TWO FROM PART II AND TWO FROM EITHER PART III A OR III B ALL QUESTIONS CARRY EQUAL MARKS

PART I
FINANCIAL JUSTIFICATION FOR EXPENDITURE and TRAFFIC COSTING (MAX MARKS 50)

1. Describe the steps/stages involved in preparing a project report for new line project, predominantly for carrying iron ore. How is the project-appraisal and sensitivity analysis done for assessing the viability of the project? Assume your own data

2. Answer the following
a. there is a section of opinion which holds that cross-subsidisation in fares between passenger and goods in railways should be abandoned and the fare structure should align costs with tariff. Does the present traffic costing system provide adequate and reliable data to discuss the opinion?

b. discuss the methodologies of costing EMU services

3. Discuss any three of the following in brief
a. social cost benefit analysis b. specific fuel consumption c. apportionment of joint costs d. green book e. two packet system of tendering f. risk and cost tender

4. Railways need alternative sources for plan expenditure. Discuss the schemes like BOLT, BOT and projects under PPP in furthering this purpose.

PART II MANAGEMENT ACCOUNTING ( Max marks 50)
5. Explain the concept and utility of financial ratio analysis. Discuss the use of at least four ratios to assess the comparative performance of a railway in different periods as well as with other railways

6.
a. discuss cost volume-profit analysis . Describe the utility of break-even analysis for profit planning, continue or drop a product, make or buy decisions etc
b. zenith company manufactures a special cement which is sold in bags of 20 kgs its financial data is given below
Selling price per bag: Rs. 30.00
Variable cost per bag: Rs 16.00
Fixed cost : Rs 100000.00
Quantity : 3000 bags
Calculate the following
a. Break even quantity
b. Assume 10 % increase in fixed cost and calculate the new break even point
c. Assume 50 % increase in fixed cost and calculate the new break even point
d. Assume increase in variable cost to Rs 20 per bag and calculate the new break even point
7. write short notes on any three of the following
a. variance analysis b. fund flow analysis c. AFRES d. PERT
8. what is meant by Product Life Cycle Costing? Also explain the purpose of the same. What step you would recommend to reduce the life cycle cost in a railway production unit?