For calculation of
For calculation of For calculation of For calculation of
depreciation as
DB function used to calculate depreciation as depreciation as depreciation as depreciation as
AXL18
per_________________. per Sum of Years’ per Straight Line per Declining
per Double C
Declining Balance
Digit Method. Method. Balance Method.
Method.
For calculation of
For calculation of For calculation of For calculation of
depreciation as
DDB function used to calculate depreciation as depreciation as depreciation as depreciation as
AXL19
per_________________. per Sum of Years’ per Straight Line per Declining
per Double D
Declining Balance
Digit Method. Method. Balance Method.
Method
For calculation of For calculation of
For calculation of For calculation of
depreciation as depreciation as
VDB function used to calculate depreciation as depreciation as depreciation as
AXL20
per_________________.
per Variable
per Straight Line per Declining
per Double A
Declining Balance Declining Balance
Method. Balance Method.
Method. Method.
Point Volume Point Varaiance Profit Volume Profit Variance
AXL21 PV Ratio stands for _____________________.
Ratio Ratio Ratio Ratio
C
Balance Equal
AXL22 BEP stands for __________________________ Break Easy Point Break Even Point
Point
Break Equal Point B
AXL23 Data Validation available in which Tab? Formulas Insert Data Developer C
___________function returns value from a given data range
AXL24
based on row and column.
VLOOKUP() HLOOKUP() INDEX() LOOKUP() C
AXL25 Which function categories are not available in Excel. Statistical Engineering Math & Trig Arts D
AXL26 PMT Function is belongs to which categories of Excel function ? Text Logical Financial Math & Trig C
Net Present Net Present Negative Present
AXL27 NPV stands for_______________________________
Value
Net Proper Value
Variance Value
A
Adv IIT - Question bank
AXL28 _______function uses a fixed rate to calculate depreciation DB VDB SYD SLN A
AXL29 Which of them is not a Conditional Operators symbols? < </ <= <> B
Strings are to be always enclosed in double quotes when used in
AXL30
a formula.
TRUE FALSE A
AXL31 Parentheses are used to change the order of calculation. TRUE FALSE A
AXL32 In Excel the function =Abs(-4) returns __________. -4 2^2 4 None C
_______ function returns the remainder after a number is
AXL33
divided by a divisor.
DIVISOR() MOD() MODE() REMAINDER() B
Formulas > Formulas >
Formulas > Formulas >
If User want to display the formulas rather than the results of the Formula Auditing Formula Auditing
AXL34
formulas then choose______________.
Formula > Show
> Show
Function > Show
> Function >
B
Formulas. Formulas.
Formulas. Show Formulas.
_______________ reveal about the current and future financial Financial
AXL35
condition of the company.
Report Data
statements
None C
Goodwill and Cash and investment and None of the
AXL36 Which of them is a Intangible assets?
Patents. Property. securities. above
A
AXL37 CR stands for___________________. Current Ratio Clear Ratio Current Rate Clear Rate A
AXL38 QR stands for___________________. Quick Rate Quality Ratio Quality Rate Quick Ratio D
AXL39 Debt – Equity Ratio =Long term debt / Shareholders funds. TRUE FALSE A
Average
Average Average None of the
AXL40 ACP stands for _____________.
collection price
collection
collection period above
C
payment
Fixed all turnover Fixed assets test Fair assets Fixed assets
AXL41 FATR stands for _____________.
ratio ratio turnover ratio turnover ratio
D
AXL42 A _________ can be a numerical fact. Statistic Sale Salary Number A
AXL43 __________ stands for reduction in value of fixed assets. Depreciation Data Document Detail A
Value of fixed assets is generally reduced over the period of time Change in taste Change in
AXL44
due to __________.
Wear & Tear
of people technology
All of the Above D
Purchase - Total Product - Total Manufacturing -
AXL45 Profit equals to __________.
Cost
Sales - Total Cost
Cost Total Cost
B
Adv IIT - Question bank
Salary of
AXL46 Examples of fixed cost are __________. administrative office rent Both A and B None C
staff
Cash budget is prepared for planning for future as far as
AXL47
movement of cash is concerned.
TRUE FALSE A
Discounting is not the process of determining the present value
AXL48 of a payment or a stream of payments that is to be received in TRUE FALSE B
the future.
AXL49 PAN must have ________ characters only. 8 10 11 12 B
Sample means the units or items selected for study or
AXL50 consideration and population means the total set of data used TRUE FALSE A
for selection of samples.
_______________ analysis relates items in the financial
AXL51 statements in a manner that drives out performance information Financial ratio Price Perodic Report A
about the company.
Hold down the Hold down the Hold down the Hold down the
How to restrict to run a macro automatically when starting
AXL52
Microsoft Excel?
SHIFT key during CTRL key during ESC key during ALT key during A
start up. start up. start up. start up.
Which option allows you to Bold all the negative values within Conditional Negative
AXL53
the selected cell range?
Zero Formatting
Formatting
Bold Formatting
Formatting
B
_____________ allow us to perform calculations or operations
Cell referencing Absolute Worksheet Round( )
AXL54 that would otherwise be too cumbersome or impossible
functions functions functions functions
C
altogether.
Statistical functions in Excel help to calculate
AXL55
__________________
Arithmetic Mean Median Mode All of the above. D
AXL56 Discounting Factor formula is ___________________ = n / (1+a) - r = 1 + (1/r) * n = 1 / (1+a) ^ 2 = 1 / (1+r) ^ n D
________________ is considered as non cash expenditure and
AXL57
occupies a prominent place in Profit & Loss Account.
Cash Flow Depreciation Fund flow Expenditure B
The value which can be realized at the end of life of fixed asset
AXL58
by selling it is called _________________
Salvage Value cost life Factor A
____________ is prepared for planning for future as far as
AXL59
movement of cash is concerned.
Capital Budgeting Cash budget Both A& B Actual Budget B
____________ is the process of determining the present value of
AXL60 a payment or a stream of payments that is to be received in the Marginal costing Capital Budgeting Discounting None C
future.
Adv IIT - Question bank
____________ is one of the core principals of finance and is the
AXL61 primary factor used in pricing a stream of cash flows, such as Marginal costing Discounting PMT None B
those found in a traditional bond or annuity.
AXL62 XML schemas in Excel are called XML _____________. Schemas Maps Elements Markups C
Excel allows us to use various functions and even simple Leasing decisions
AXL63 mathematical calculations which can be used for Financial analysis Equity analysis and the list goes All of Above D
_____________. on
Which cell reference show the reference to other sheet or
AXL64
reference to other workbook in excel ?
Sheet2!C4 Sheet2{C4} Sheet2(C4) Sheet2<C4> A
AXL65 Which of them is not a Range References? A1:A4 $A$1:A4 A1, A2 , A3, A4 A$1:A$4 C
EBIT / Debt EIBT / Debt ETIB / Debt EBTI / Debt
AXL66 Interest Coverage Ratio equals to _________.
interest interest interest interest
A
If particular workbook have to open each time Excel started, AUTOSTART EXCELSTART
AXL67
where the workbook should be placed?
AUTOEXEC folder
folder folder
XLSTART folder D
There is a There is an
Further changes Further changes
If the cell B1 contains the formula=$A$1, which of the statement relative absolute
AXL68
is true ? reference to cell reference to cell
in value of A1 will in value of B1 will B
not affect B1. not affect A1.
A1 A1.
__________ is a computerized mathematical technique that
Finanical Monte Carlo Corporate Personal Finance
AXL69 allows people to account for risk in quantitative analysis and
Planning Simulation Planning Planning
B
decision making.
________ is the process of meeting the financial goals through Corporate Monte Carlo Financial Personal Finance
AXL70
the proper management of finances. planning simulation planning planning
C
___________ can be defined as the process of setting the Corporate
Monte Carlo Corporate Decision Tree
AXL71 procedures in the organization for achieving the predefined
Simulation Planning Analysis
Planning & B
goals. Analysis
________ shows ability of company to pay back long term loans
Interest Total Fund None of the
AXL72 along with interest or other charges from generation of profit Debt Assets Ratio
Coverage Ratio Ration above
B
from its operations.
_____________________is the simplest method of comparing Earnings Per Fixed Asset Over Price Earnings
AXL73
different stocks at a point of time to make investment decisions. share ratio Multiple
Gross Profit Ratio C
Adv IIT - Question bank
<?xml <?xml <?xml <?xml
version="3.0" version="2.0" version="1.0" version="0.0"
AXL74 The very first line of code of XML file is_____________.
encoding="ISO- encoding="ISO- encoding="ISO- encoding="ISO-
C
8859-1"?> 8859-1"?> 8859-1"?> 8859-1"?>
<TagName>Data </TagName>Data </TagName>Data <TagName>Data
AXL75 Every bit of data has to start and end with an identical tag
</TagName> <TagName> </TagName> <TagName>
A
PMT(nper, rate, PMT(rate, nper, PMT(rate, pv, PMT(pv, rate,
AXL76 The exact syntax of PMT function is________________.
pv, [fv], [type]) pv, [fv], [type]) nper, [fv], [type]) nper, [fv], [type])
B
AER37 Sales Tax Ledger falls under which Group? Indirect Expenses Duties and Taxes Sales Purchases B
AER38 Alias represents ___________ in Tally.ERP9. Short name Nickname Code name All of these D
If we purchase any Fixed asset in credit, we can pass it from
AER39
_________.
Payment mode Receipt mode Journal mode Contra mode C
To save entry without any amount, we have to use Maintain Allow 0 value
AER40
_____________.
Cost Center
Multiple godown entry
Use Rej Notes C
The exported eTDS file from Tally.ERP 9 can be validated through File Validation File Validation File Valuation File Valuation
AER68
NSDL's freely downloadable utility called __________________ Program Utility Program Utility
B
AER69 ERP systems provide an access to the__________ data integrated distributed isolated de-centralized A
Business intelligence systems are ________ Decision Support information
AER70
Systems.
data-driven
driven
resource driven none A
Data warehousing technology is the process of creating and
AER71
utilizing the company’s __________
general data historical data operational data none B
The data in the Warehouse comes from the _________
AER72
environment and external sources.
operational backup data none A
Adv IIT - Question bank
In essence, SCM integrates ___________ management within supply and supply and
AER73
and across companies. demand
supply and chain
sortage
none A
_____________ including all fulfillment activities, warehousing Inbound outbound hybridbound
AER74
and transportation to customers. operations operations operations
none B
Customer Relationship Management is a ________________
AER75
level strategy.
business corporate strategic none B
Operational CRM provides support to ___________ business
AER76
processes.
front office back office staff none A
Collaborative ______ ultimate goal is to use information
AER77 collected by all departments to improve the quality of services CRM's ERP SCM none A
provided by the company.
Tally.ERP 9 follows the DES __________ method to safeguard the
AER78
data.
encryption decryption cryptography none A
Immediate posting and updation of books of accounts as soon as Interactive Immediate Real Time Business
AER79
the transactions are entered. This is called as __________ Processing Processing Processing Processing
C
Form 26, Form 27, Form 26Q,
AER80 Which of the following ETDS forms are available in Tally.ERP 9?
Annexure to 26 Annexure to 27 Annexure to 26Q
All of the above D
The exported eTDS file from Tally.ERP 9 can be validated through File Validation File Validation File Valuation File Valuation
AER81
NSDL's freely downloadable utility called __________________ Program Utility Program Utility
B
ACA7 In IDEA, blank value data can be extracted by using_________. @isblank() as Null Null Is Null A
In IDEA, Summarization, Pivot Table, Stratify, Duplicate Key
ACA8
functions comes under which menu.
Data Analysis Sampling Relation B
In IDEA, Extraction, Sort, Indices, Search functions comes under
ACA9
which menu.
Analysis View Relation Data D
Text files that are organized properly fall into one of two types None of the
ADB37
are__________
Delimited files Fixed-width files Both A and B
above
C
To create an unmatched Query using wizard, minimum required
ADB38
number of table or fields is_________.
one two three four B
More than One
ADB39 While creating the query, the criteria can be set in Only one
Field
As many field All of the Above D
In MS Access query which logical operator returns True if both
ADB40
the expressions compared are true.
IF AND AND Both AND LIKE AND B
In MS Access query which logical operator returns True if either
ADB41
of the expressions compared are true.
OR IF OR IS OR LIKE OR A
Enfore Referencial Integrity option is used to restrict enerting
ADB42
data in
Parent Table Child Table Any one table All of the Above B
ADB43 In MS Access left("Access",3) function will return__________. Acc3 Acc 3Acc ess B
Which function is used to converts the text to lower case in MS None of the
ADB44
Access 2010.
Lcase() Lowercase() Lower()
above
A
Which function is used to remove leading or trailing spaces in a None of the
ADB45
text in MS Access 2010.
Remove() Removetext() Trim()
above
C
_____________ is contains a set of predefined functions in MS Expression Expression Expression
ADB46
Acccess and helps build complex expression. Design Builder
Expression Box
elements
B
ADB47 Which of the following is a Database Software Excel Outlook Oracle C++ C
Adv IIT - Question bank
Each Table row
represents a two- The order of the Each column has
Each row/column
dimensional rows and a specific range
Which of the following is not the characteristics of a Relational intersection
ADB48
Table?
structure
represents a
columns is of values known D
composed of immaterial to the as the Tuple
single data value
rows and DBMS domain
columns
Click on Create
Report button on File->Select
File->Print-
ACA16 Which is the step by step procedure for reporting in IDEA.
>Create Report
the Operation Both A and B Export -> Print C
toolbars->Report Report.
Assistant.
Adv IIT - Question bank
Which of the following are categories of computer audit function Items of audit System
ACA17
? interest
Data Analysis
validation
All of the above D
ACA18 In the following list which is not an audit function ? Sorting Filtering Sampling Export D
ACA19 In the following list which is a audit function? File Definition Stratification Print Preiview Append B
Review Understand
Which is the following step involved in a source code review Formulate flaw
ACA20
methodology ?
Programming program
hypotheses
All of the above D
standards specifications
Sequence
ACA21 In IDEA which functions should be used to find repeated values ? Detection Exclude
checking
Filter A
In IDEA, Stratification functions can be applied on which type of
ACA22
data ?
Numeric Data Date Data Character Data All of the above D
In IDEA,Summarization accumulates the values of Numeric fields
ACA23
for each____________.
Primary Key Unique Key Secondary Key Composite Key B
In which sampling,selecting sampling units using a fixed interval None of the
ACA24
between selections is_______________.
Random Systematic All of the above
above
B
Ensures that all combinations of sampling units in the population None of the
ACA25
have an equal chance of selection is____________.
Random Systematic All of the above
above
A
In Audit tool, to built relation between two tables, both table None of the
ACA26
should have_____________.
Common Table Common Field Common record
above
B
ACA27 Input Control method is a part of Application Control Group. TRUE FALSE A
Which is the following type of check that can be run when data is
ACA28
input through terminal ?
Field check Filter check Compare check Data check A
Which is the following is the correct types of Field checks on
ACA29
processed data ?
Overflow Range Sign Test All of the above D
Which is the following is the correct types of Record checks on
ACA30
input data ?
Resonableness Compare Un-compare Randomness A
On-line dated Mixed dated
ACA31 Which is the correct types of Batch Checks ? Control Totals Outdated checks
checked checks
A
Controls are
None of the
ACA32 Which is the need for table level tests ? Data Integrity required for Both A and B
above
C
authorization
Adv IIT - Question bank
This may make
the entire child Their Master &
tables referenced Child relationship
Which is the following is the major points with respect to inter None of the
ACA33
table tests ?
by the master reference the Both A and B
above
C
field in the main table from one
table un- another
available
Which is the software used by the auditor to take a view of a file
Source
ACA34 of data or transaction passing through the system at a particular Mapping Snapshots Modelling
comparison
B
point of time ?
Which is the software used by the auditor to compare the source Souce Model
ACA35
version of a program with a secure master copy ? comparison
Code compasion
comparison
Exe comparison A
Which is the techniques whereby the auditor arranges or
ACA36 manipulates data either real or fictitious, in order to see that a Debug Testing Logic Testing Off-line Testing On-line Testing D
specific program or screen edit test is doing its work ?
Which is the software used by the auditor to list un-used
ACA37
program instruction ?
Log Analysis Mapping Program Library All of the above B
Which is the software used by auditor to read and analyze Log Analyzers
ACA38
records of machine activity ?
Machine level Executable level
Software
Systax level C
Which of the following reason strongly call for Control & Audit Lack of Visible Absence of Input None of the
ACA39
Function ? Transaction Trail Document
All of the above
above
C
None of the
ACA40 Which is the correct types of Field checks on input data ? Missing data Blank data Both type
above
C
Test whether the
To ensure the To ensure the
overall system
Which is the major points to be consider with respect to System input data is valid entered data is
ACA41
tests ? before entering
meet the
saved without
All of the above A
requirement
the value fail
specifications
In Data analysis techniques, which law is used to idenfity
ACA42
statistical report on numeric data ?
Bend Law Benjamin law Benford Law British Law C
Which is not a feature of File reorganization with an auditor Linking the
ACA43
perspective?
Filtering Sorting Indexing
identified files
A
Adv IIT - Question bank
Establish Identify data,
relationship Identify fields, which are not in Identify whether
What do you understand by the term, “Data Consistency” in
ACA44
using CAATs?
between two or which have null agreement with all fields have C
more tables as values. the regular valid data.
required. format.
Functions involving use of arithmetic operators, which enable
Statistical Arithmetic Relational
ACA45 performing re-computations and re-performance of results is an
function function
Logical function
function
B
example of?