AAO EXAMINATION QUESTION PAPERS BACK YEARS - 2013

AAO QUESTION PAPER 2010

2010
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISER
(70 PERCENT QUOTA)
Time: 3 hours 18th August 2010 Max Marks 150
SECTION- A
Answer in one word 8 x 2 = 16 Marks
a) The Suspense Head use to book expenditure the allocation of which is not known is_____
b) Wages not paid to staff within the stipulated period are taken to ________________________ of Unpaid Wages Account
c) In Railway Accounting ____________________________ sets of journal are maintained
d) All Transfer Transactions between railways are adjusted through ______________________
e) Interest on account of loans and advances is credited to Railway Board through _______________
f) The register maintained in accounts office to ensure that appointments are not made in excess of post sanctioned is known as ____________________ register
g) Estimate of Expenditure which is not submitted to vote of parliament known as _________________expenditure
h) Expenditure on track circuiting is charged to ____________________________
i) Cost of manufacturing of section of line not opened for traffic is charged to ________________
j) When railway land is lost through erosion, cost of the same is written back from capital to ______________
SECTION B
Identify the correct choice 7 x 2 = 14 Marks
Answer any seven
a) Bulk of southern railways apportioned earnings are generated through - Passenger/Goods traffic
b) In Appropriation Accounts expiations are furnished for variation between original grant and actual expenditure (correct / incorrect)
c) Block Account represents all physical assets of railways financed from loan capital and railway’s own generation funds ( correct / incorrect)
d) Tender received after the specified time of opening is known as – delayed tender / late tender
e) Railway pensioners are required to submit a life certificate once in a year / once in two years
f) The object of maintaining an Abstract Of Bills passed in Accounts Office is to reduce the number of cheques drawn everyday/ to issue more cheques of smaller value
g) The payment received by a railway employee while under suspension is known as subsistence allowance / compassionate pay
h) Leave on Average Pay is credited to the loan account of railway employee at the rate of 2 ½ / 3 days for each calendar month of service
i) Leave granted for railway employee under medical treatment for injures sustained in the course of official duties is known as accident leave / hospital leave
j) receipts from forfeited Provident Fund loans is credited to Railway Earnings / Staff Benefit Fund
SECTION - C
Answer any two 2 x 10 = 20 marks
a) Originating Earnings and Apportioned Earnings
b) Travelling Allowance and Transfer Grant
c) Voted Expenditure and Charged Expenditure
d) Group Incentive Scheme and CLW pattern of workshop incentive
e) Rate Contract and Running contract
SECTION – D
Write short notes answer any two questions 2 x 10 = marks
a) Inventory turn over ratio
b) Traffic book
c) Material modification
d) Workshop general register
e) Proforma on cost
SECTION – E
Answer any five questions 5 x 16 = 80 marks
a) What is known as the official language policy of the Govt? How is its implementation mentioned? 8 + 8 = 16 marks
b) What is the impact of 6th Pay Commission on the operating ratio of southern railway? How the operating ratio can be brought down? 8 + 8 = 16 marks 
c) What are the different types of estimates prepared for execution of works? What are the points that are verified in accounts office while certifying the estimate 8 + 8 = 16 marks
d) What are the different types of tenders that are used to execute a work in the railways? What are the modifications effected to general conditions of contract at recent years 8 + 8 = 16 marks
e) What are the major sources of earnings for Indian railways? What are the steps that could be taken to improve the sundry earnings in Southern Railway?
f) What are the various stages of budget review followed in railways? What is the mechanism to ensure that the revenue expenditure is regulated with references to budget grant? 8 + 8 = 16 marks
g) What is the methodology adopted in the Internal Check of Establishment claims? How can we make our internal check mechanism more effective? 8 + 8 = 16 marks
h) How the Revenue Accounts is current compiled in Accounts Office every month? Detail the procedure followed in compilation and the annexures that are generated? 8 + 8 = 16 marks
i) What are the various suspense heads that are operated in the railways? What is the need to operate them? 8 + 8 = 16 marks

 

AAO QUESTION PAPER 2009

2009
SOUTHERN RAILWAY
EXAMINATION FOR SELECTION FOR THE POST OF ASSISTANT FINANCIAL ADVISERS
(70 PERCENT QUOTA)
Time: 3 hours 19th February 2009 Max Marks 150
INSTRUCTIONS TO THE CANDIDATES
Do not write your Roll No or name anywhere in the Answer Book. Only the Roll No should be written on the top sheet in the space provided.
NOTE 1. Answer any five questions. All questions carry equal marks
The marks for each sub-section are indicated in the brackets
2. All questions have two sub-sections – (a) & (b)
Candidates must answer both (a) & (b) of each questions attempted, to qualify for marks. For example if Q 1 is attempted then both (a) & (b) of Q1 must be answered to get the benefit of full evaluation of 30 marks as allotted to the whole question.

Answer any five questions (15 marks)
Q 1. (a) What do you understand by inter-railway and intra-railway transactions? How are such transactions proposed, accepted, adjusted and reconciled?
(15 marks)
(b) Do you think that the preparation of two accounts current – Approximate and Actual are necessary? Explain in detail
(15 marks)
Q 2 (a) What is a “Works Programme”? What are the various steps involved in its finalisaiton
(15 marks)
(b) Discuss “Pink Book”. “Orange Book” and ‘Divisional Works Programme’

Q 3 (a) Write Short notes on any Five (15 marks each 3 marks)
i. Traffic Suspense
ii. Admitted debits and disputed debits
iii. Draft para and provisional para
iv. Material modification
v. Stock adjustment account
vi. Single tender and limited tender
vii. “global meltdown”
(15 marks)
(b) What do you understand by Inventory Control? What is ABC analysis and its advantages?
(15 marks)
Q 4 (a) What is meant by Apportionment of Earnings? How is it done in respect of Goods Earnings of Through Traffic?
(15 marks)
(b) What is “Zero Based Budget”? How can this be made applicable for Revenue Budget?
Q5 (a) distinguish between the following (any three) 
(15 marks – each 5)
i. Fall Clause and Option Clauses
ii. Zonal Tender and Bulletin Tender
iii. Purchase Preference and Price Preference
iv. Development Fund I & II
(15 marks)
(b) What are the Objectives of Budgetary Controls? Discuss the various Budgetary Reviews.
Q 6 (a) What is meant by Productivity Test? Do they serve any purpose?
(15 marks)
(b) What is “Operating Ratio”? Is it a fair Index to assess a Railway’s Performance? How can we improve upon the “Operating Ratio” of Southern Railway?
(15 marks)
Q! 7 (a) What is Stock Verification? How is the Stock Sheet prepared and finalised?
(15 marks)
(b) What are the various heads under “Purchase Suspense”? Give your suggestions for maintain this “Suspense” efficiently and currently?
(15 marks)
Q 8 (a) What is meant by Exchequer Control? In addition to Budget allotments, Demand and Primary Unit –wise-Why is Exchequer Control still necessary?
(15 marks)
(b) What are the various kinds of leave an employee is entitled to? When can leave been encahsed?
(15 marks)
Q9 (a) Discuss the salient features of the Official Languages Act 1963. Suggest steps for promoting Rajbhasha in southern railway.
(15 marks)
(b) How would you inspect an Executive Office? What are the objectives? Give suggestions for improving it.
(15 marks)
Q10 (a) Elaborate on the significance of “Cheques and Bills” reconciliation How can computerisation help in this area?
(15 marks)
(b) Discuss the merits and demerits of the Incentive Scheme on Railway Workshop

 

AAO EXAM QUESTIONS 2008

2008
SOUTHERN RAILWAY
Examination for Selection for the post of Assistant Accounts Officers
(70 percent quota)
Time: 3 hours 23rd January 2008 Max Marks 150

Note 1. THE QUESTION PAPER CONSISTS OF FOUR SECTIONS. SECTION-A CARRIES 15 MARKS, SECTION-B CARRY 10 MARKS. ALL THE QUESTIONS ARE TO BE ANSWERED IN THESE TWO SECTIONS
2. SECTION-C CARRIES CONSISTS OF TWO QUESTINS
3. SECTION –D CARRIES 82 MARKS CONSISTS OF 7 QUESTIONS OUT OF WHICH FOUR HAVE TO BE ANSWERED. EACH QUESTION CARRIES 20 MARKS
SECTION - A 3 x 5 = 15
Explain whether the following are TRUE or FALSE giving reasons
Financial performance is judged by wagon turn around
arbitration awards are to be treated as charged expenditure
General Managers have full powers to waive profit and departmental charges in respect of deposit work of a central Government organisation
the value realised from scrap sales is allocated to sundry earnings
a tender submitted after the opening date of a tender can be considered if it is financially advantageous to railways
SECTION B 2 x 5 = 10
I Identify the correct choice
a. expenditure which cannot be anticipated is met through Consolidated Fund of India/ Contingency Fund of India
b. transaction between railways and other ministries is known as Transfer Transactions/ Remittance Transactions
c. freight on material transported by a train for a deposit work executed by the railway is credited to Abstract Y / Abstract Z
d. postal haulage charges are computed on berth replacement / seat replacement
e. the index of fuel efficiency is SFC / O R

SECTION –C 4 x 5 = 20

1 ) Distinguish any FOUR of the following 
a. Special Railway Safety Fund and Development Fund
b. Originating Earnings and Apportioned Earnings
c. M&P Programme and Works Programme
d. Bills Receivables and Bills Payable
e. IRCA and IRFA adjustments
f. Stock Adjustment Account and Stores in Transit account
g. Fall Clause and Option Clause

2) Write short note on any FIVE of the following 5 x 5 = 25
a. Traffic Book
b. Inventory Turn over Ratio
c. P E Index
d. PRIME and AFRES
e. Official Language Policy
f. Internal Rate of Return
g. Material Modification
SECTION D
Answer any FOUR of the following 4 x 20 = 80
1. What are the reasons for the operating ratio of Southern Railway exceeding 100? Is it healthy or inescapable? If it is not acceptable level, what are your suggestions for bringing it down below 100
2. What is the process for preparing the revenue and expenditure budget on Southern Railway? What are the various stages of Budgetary Review? Also discuss about the adoption of Zero Based Budgeting Techniques.
3. What are the major points of justification for electrification of existing Broad Gauge line between station A and Station B. what are the checks to be exercised by Finance when such a proposal is received for inclusion in PWP?
4. “Control of inventory is the effective way to control expenditure”. In the light of this, describe the inventory control mechanism on railways right from indenting stage through procurement, storage, issue and disposal?
5. What is traffic suspense? What are its constituent items? What steps you would suggest to reduce traffic suspense to the minimum?
6. Explain in detail the Costing System adopted in Southern Railways Repair Workshops? In what way it differs from the system of Production Units. Can you suggest any improvement on this?
7. Describe the various sources of funding for Railway Projects. Describe what the alternative sources of finance are. What do you understand by Pubic-Private-Partnership.PPP)

NO EXEMPTION TO CINE ARTISTES ON SERVICE TAX

OPEN LETTER TO THE FINANCE MINISTER OF INDIA

A few weeks ago the poor farmers of Tamil Nadu protested in the collectorates demanding that proper compensation may be paid to them in the wake of non-release of Cauvery water and failure of North East Monsoon.

Last year end Smt Shila Dixit the CM of Delhi NCP declared that  600 per month including the free items or subsidized items is enough for a family of four persons in Delhi. It is meant that  7200 is enough for a family of four in the whole year.

In the New Year another group of disgruntled who pretend to be poor and demanded that any Govt levy on their industry would stifle the growth. Not only that, they have even contacted secretaries of the finance dept for approaching you to exempt them from the service charges. The irony is that the service charges are payable by those individuals whose annual income exceeds  10 Lakh. In the words of Smt Shila Dixit the CM of Delhi NCP 138 familes can survive on the income of one individual of this industry.

Surprisingly, no political party including the Indian National Congress and the so called champions of the working class, CPI and CPM, the party of rural juntas BJP and the latest addition to the political party band wagon Aam Admi Parties has spoken any word on the strange demand that the film industry workers from producers to ordinary workers should be exempted from paying the service tax.

The civil society has not spoken a word of protest in any forum. The modern iconoclasts like Arundhati Roy, Brinda Karat, Medha Patkar are also conspicuously silent on the issue. There is an eerie silence by the intelligentsia and the intellectuals.

The concept of service tax is actually the CSR of the individual since the money involved is very meager, the Govt is collecting and investing in the developmental work. However, here is an exclusive group of workers who are patrons of five star hotels, week end parties, cruise parties, consumers of very costly products like cars costing more than  1 Crores and having houses at several cores, owning hotels, vast fertile farm lands, frequent foreign visits etc their life style in an eye sore of every Indian and heave a sigh of melancholy, refuse to pay the service tax.

The Govt support was once needed for film industry. Now the industry has come of age and they can even sustain a few states Govt in India. Even for the nationwide Kargil collection of funds, only a few of the film artistes liberally donated. Others still want to pickpocket whatever little money left in the pockets of the film fans by organizing special fund raisers. Ultimately they paid noting for the cause.

The film industry is suffering not because of imposition of service tax but because of the huge payments demanded by heroines and heroes not less than  1 Crore. Cleverly they included the poor workers who earn less that  10 Lakh per year. Other wise they may loose their employability.

Hence sympathetically consider the compensation to the farmers of delta area and other areas of Tamil Nadu. Also consider any civil section whose income is less that  1 Lakh. However, do not under any circumstance agree for the exemption of service tax to the film industry. Make it a law even if it is required, to impose service tax is payable by any section of the society including the film industry. Otherwise if you agree for exemption every section of the society would make such a strange demand that after all they are serving the society and no Govt should dare to impose any tax on them.

It is not only anti-democratic but also anti-national to refuse to pay the taxes and demand the Govt roll back the imposition. I hope the Govt would not budge an inch on this issue

UNIT COST OF NEW LINES etc

THE LATEST UNIT COST PER KILOMETER AS ON 31/03/2011

NEW LINES                                       5.00 Crores

GAUGE CONVERSION                   5.00 Crores

DOUBLING                                        6.00 Crores

PET (Preliminary Enginerring-

cum-Traffic Survey                            35 Thousands

Updating PET                                     15  Thousands

FLS Final Location Survey          1Lakhs or 2 % of Total sanctioned Estimate

Preliminary Expenses                      5 Lakhs         

Electrification - Route KM            55 Lakhs

Electrification - Track KM            75 Lakhs

for further clarification please contact Rly Phone 27496 CN/MS; 27114 RE/MS

LDCE 2011 PAPERS I & II

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.  “21^st 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 – 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

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 6^th 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

1.  The Objective of maintaining Suspense Heads in Railway accounting is to ensure a link between the system of ----------------- and ----------------
2. On the expenditure side, the revenue liability of the railway for a month are adjusted  to the working expenses through suspense head -----------------
3. Consumption of materials obtained for a specific works is  watched through --------------- account of the work
4. To verify whether the financial return anticipated from a project at the estimate stage is actually realised or not railways conduct ------------- test
5. Credits realised from surplus stock found in stock verification is taken as / not taken as reduction of demand
6. Any amount required to satisfy the award of arbitrator is -------------------expenditure
7. The mechanism used for concurrent regulation of  cash outgo against cash content of budget is known as --------------------
8. The amount of all cheques drawn for the day is ------------t ot he head “cheques and Bills”
9. Cheques and bills reconciliations made between -------------------and ---------------------the balance represents -------------------
10. When an asset is repaired at comparatively high cost in preference to ti being replaced it is known as ------------
11. When stores are purchased for general purpose, the value of the material is debited to -------------------head
12. 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
13. The cost of replacement of ballast involving improved type of ballast is charged to ------------.

&/&/&/&/&/

WWWWW

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 31^st 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        

www

TRAIN JOURNEY FROM BANGKOK-CHIANGMAI (THAILAND)

LDCE ACCOUNTS 2011

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.  “21^st 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 6^th 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

1.  The Objective of maintaining Suspense Heads in Railway accounting is to ensure a link between the system of ----------------- and ----------------
2. On the expenditure side, the revenue liability of the railway for a month are adjusted  to the working expenses through suspense head -----------------
3. Consumption of materials obtained for a specific works is  watched through --------------- account of the work
4. To verify whether the financial return anticipated from a project at the estimate stage is actually realised or not railways conduct ------------- test
5. Credits realised from surplus stock found in stock verification is taken as / not taken as reduction of demand
6. Any amount required to satisfy the award of arbitrator is -------------------expenditure
7. The mechanism used for concurrent regulation of  cash outgo against cash content of budget is known as --------------------
8. The amount of all cheques drawn for the day is ------------t ot he head “cheques and Bills”
9. Cheques and bills reconciliations made between -------------------and ---------------------the balance represents -------------------
10. When an asset is repaired at comparatively high cost in preference to ti being replaced it is known as ------------
11. When stores are purchased for general purpose, the value of the material is debited to -------------------head
12. 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
13. 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 31^st 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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