LDCE QUESTIONS 2008

LDCE QUESTION PAPERS YEAR WISE
SOUTHERN RAILWAY
11TH JUNE 2008
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 & C both sections have to be answered section A carries 50 marks and section B carries 100 marks
SECTION A (MAX MARKS-50)
1. Write short notes on any two of the following (10 marks)
a) Narmada Bachao
b) VAT
c) Organ Transplant
d) Right to Information Act
2. Expand the following abbreviations ( 5 marks – ½ marks each)
a) LPG
b)CAT
c)PAC
d)SPV
e)ONGC
f) UPSC
g)SPCA
h) PERT
g) IMF
h) IRCTC
3. Explain the concept of Raj Bhasha how it is implemented in your office (Please restrict your note to 250 words) 5 marks
4. Name the authors of the following books ( 5 marks)
a) God of Small Things
b) Malgudi Days
c) As You Like It
D) My Experiments With Truth
E) Arthashastra
F) Who Moved My Cheese
G) Anand Math
H) The Monk Who Sold His Ferrari
I) Discovery of India
J) Harry Potter and Order Of Phoenix
5. Fill in the blanks (5 marks)
a) Veni ______ vicci
b) A Stitch in time _____________ ____________
c) Ignorance is _____________
d) Rise and Fall of _________ __________
e) Few and ________ between
f) I came, I saw and I __________
g) Jai Jawan Jai ____________
h) A thing of ________ is a joy forever
i) if they don’t have bread let them ear ____________
j) a ___________ measures earthquake

6. Briefly explain the difference between the following (10 marks)
a) Fundamental rights and directive principles
b) bonafide and malafide
c) BOLT & BOT
d) Limited tender an d open tender
e) Concurrence and sanction
7. The following personalities have been newsworthy. Briefly state the reason ( 10 marks)
a) E Sreedharan
b) INDIRA Nooyi
c) Barack Obama
d) J K Rowling
e) Sunita Williams
f) Kiran Mazumdar Shaw
g) Dalai Lama
h) Ratan Tata
i) Asif Ali Sardari
j) Hillary Clinton

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 of 25 each
1. What is the need for separate audit by representatives of comptroller and auditor general with effective internal auditing within the system, can c& AG Audit can be dispensed with discuss in detail giving pros and cons.
2. Write short notes on any five
a) Konkan Railway Corporation
b) Canons of Financial Propriety
c) Delegation of powers
d) reappropriations
e) Charged and voted expenditure
f) Railway Board
g) Dedicated freight corridor

3. In the present set up of Indian railways what are the different “FUNDS” In brief describe the nature of each fund and their operation. Briefly discuss “CAPITAL FUNDS”

4. How is the “operating ratio” calculated? What the limitations of this ratio in assessing the financial viability of the railway. What are your suggestions to bring down the operating ratio of Southern Railway?

5. “Railway finances were separated fro general finances primarily to secure stability for civil estimates by providing for an assured contribution from railway revenues and also to introduce flexibility in the administration of railway finances, is this concept still relevant today. Discuss relative advantages and disadvantages.

PART B

1. What is the purpose of “accounts office balance sheet. Briefly indicate the nature of debit and credit entries. What action would be taken for realisation of old outstanding?

2. Write short notes on any five
a) Zero based budgeting
b) Suspense heads
c) Apportionment of earnings
d) M & P Programme
e) Approximate account current
f) Railway Act
3. What is “appropriation accounts” annexure J is an index of the efficiency of the accounts department. Discuss how we can on southern railway minimise the number of instances brought under annexure J
4. In the existing systems, the closure of accounts take considerable time. Even then the booked expenditure do not reflect the actual and correct picture. Critically examine the procedure of monthly, quarterly and annual closing and give your suggestions for improving the existing system. Also indicates whether approximate account current should continue
5. “Traditional Budgeting is functionally oriented and accounting oriented but not result oriented. Zero based budgeting is an improvement over traditional budgeting” dicusss this statement in detail in the context Indian railways and also explain how zero based budget can be applied for revenue budget (i.e. working expenses).




















LDCE QUESTION PAPERS YEAR WISE
SOUTHERN RAILWAY
12TH JUNE 2008
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) ATTEMPT ANY TWO OUT OF QUESTIONS 1 TO 4

1 In the context of railway operations, explain the cost of joint costs. What is the basis on which such costs are apportioned among various services?
2. Write short notes on any five (maxi marks 5 each)
a.) Uneconomic Branch Lines
b.) Out of Turn Works
C) Special Limited Tenders
D) Throughput Enhanced Works
E) Terminal Charges
F) Orange Book and Pink Book
G) Specific Fuel Consumption

3. What is meant by productivity test and how it is applied to new projects? Do they serve the purpose as intended?
4. Highlight the importance of Sensitivity Analysis in evaluating investment proposals. How would you apply this to a proposal for a new line project?

PART II
MANAGEMENT ACCOUNTING (MAX MARKS 50) ANSWER ANY TWO QUESTIONS OUT OF QUESTIONS 5 TO 8

5. Define Break Even Analysis how it is calculated and what are the uses of Break-Even Analysis as a management tool
6. Write short notes on any five:
a) Management Audit
B) Profit Volume Ratio
C) Wagon Turn Around
D) Variance Analysis
E) Net Tonne Kilometres
F) Standard Costing
7. What is meant by financial ratios illustrate any two ratios can operating ratio be taken as a financial ratio give reasons
8. Discuss in detail the concept of performance of budgeting and its application in railway working

PART III MAX MARKS 50
Important answer any two out of questions 9 to 12 or any two out of questions 13 to 16

PART III A
9. What is meant by apportionment of earnings how is it done in respect of goods earnings of through traffic?
10. What is traffic suspense what are the items that constitute traffic suspense give your suggestions to reduce traffic suspense on Southern Railway?
11. Write short notes on any five
a) Leave Not Due
B) Staff Benefit Fund
C) Foreign Service Contribution
D) Supernumerary Post
E) Ex Gratia Payment
F) Special Casual Leave
12. (a) Briefly describe the organisational set up of the statistical department
And
(b) Define the following
i. Engine Hours
ii. Gross Tonne Kilometres
iii. Route Kilometres
iv. Occupation Ratio

PART III B
WORKSHOP STORES ACCOUNTS AND GENERAL EXPENDITURE
13. discuss how the POH of a Locomotive is worked out and explain how direct and indirect costs are taken into accounts
14. (a) what is stock adjustment accounts
(b) What are the various items adjusted through this account
C. Who is the competent authority to sanction the clearance of balance under this head
15. What are the essentials of a good inventory control system? Discuss ABC analysis and its advantages
16. Write short notes on any five
a) Completion Estimates and Completion Reports
B) Risk and Cost
C) Non-Schedule Items
D) Final Location Survey
E) Fall Clause
f) EFT and ECS