UNCONTROLLED
( LAFA - 01 )
QUESTION PAPER
LIMITED DEPARTMENTAL COMPETITIVE EXAMINATION - 2010
FOR THE POST OF CHARGEMAN (T) & (NT)
SUBJECT: LABOUR ACCOUNTING & FACTORY ACCOUNTING CODE: 8.00 / 331
Sr. No. … … … … … … … … … … … … … ROLL NO.
Signature of the Invigilator … … … … … … … … … … … … … … …
Date: 29.08.2010 Duration : 3 Hours.
Time: 09:00 Hrs to 12:00 Hrs. Max. Marks : 100
Instructions: Please read the following instructions carefully before writing your answers:
1) All Questions in Part – A, B & C are compulsory.
2) Each Questions in Part - A & B carries 1 mark and that in Part - C carries 5 marks.
3) There are four options - (A), (B), (C), (D) given against each question in Part - A out of which
only one is the most appropriate answer.
If (A) is correct, round on the correct option like (A) .
4) The discarded answer if any, must be crossed properly and supported by initial of the
candidate.
5) Use only blue or black ball pen. Use of Pencil is not allowed.
6) No sheet from the Question Paper / Answer Book should be detached.
7) You may do rough work, if required, on the blank sheets.
8) Candidate has to write all roll numbers allotted to him against each Non-Technical discipline.
9) Please DO NOT repeat DO NOT write your name anywhere in the Question Paper.
If name is found marked on the Question paper / Answer sheet, this will render the
candidate disqualified.
For Examiners only
Part - A & B
Correct Wrong No Total
Answers Answers Answers
Part - A
70 Marks
Part - B
10 Marks
Part – C
Q.81 Q.82 Q.83 Q.84 Total
(5) (5) (5) (5) (20)
SUMMARY OF MARKS OBTAINED
Part – A Part – B Part – C Total
Marks (100)
(70) (10) (20)
Obtained
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( LAFA - 02 )
PART - A
(Each question carries 1 mark)
Q.01. Work order code is divided into three parts. The first two digits are used to indicate:
(A) Classification of work (B) Description of the item
(C) Sub numbers (D) None of these
Q.02. In the syllabus of work order, Developmental order is given code:
(A) 11 (B) 40 (C) 60 (D) 70
Q.03. Allocation sheet is generally related to:
(A) Direct work orders (B) Indirect work orders
(C) Both (A) & (B) (D) None of these
Q.04. Receipt vouchers are priced at:
(A) The actual cost of purchase
(B) The actual cost of purchase – incidental charges
(C) The actual cost of purchase + incidental charges
(D) The actual cost of purchase + incidental charges (except handling charges)
Q.05. Step ladder statement is prepared for:
(A) Fixed charges only (B) Variable charges only
(C) Fixed & Variable charges together (D) Fixed & Variable charges separately
Q.06. Which of the following is not the function of Accounts ?
(A) Compilation of piece work earning (B) Valuation of material
(C) Technical vetting of SHIS (D) Scrutiny of piece work rate
Q.07. In the except system, components manufactured by factory for assembly purpose are
drawn on:
(A) Pink demand note (B) Red demand note
(C) White demand note (D) Yellow demand note
Q.08. No material can be supplied on loan from a factory to other department except sanction
from:
(A) General Manager (B) Operating Member
(C) Member Finance (D) DGOF
Q.09. Inter Factory Demand is endorsed on:
(A) IAFO-1888 (B) IAFO-1921 (C) IAFA-2611 (D) IAFA-2096
Q.10. What is extract ?
(A) Production order placed by Services on DGOF
(B) Production order placed by DGOF on Factories
(C) Production order placed by Para-military forces on DGOF
(D) Production order placed by Civil trade firms on Factory
Q.11. For night shift, following extra hour is admissible for each hour O.T worked:
(A) ¼ hour (B) ½ hour (C) ¾ hour (D) 1 hour
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( LAFA - 03 )
Q.12. Which of the following statement is not true ?
In Except system of accounting, components
(A) are transferred to stock
(B) are not accounted for in store ledger
(C) are treated as departmental material
(D) are shown as credit under component work order
Q.13. Land is depreciated at following rate:
(A) 10% (B) 6 23 % (C) 0% (D) 5%
Q.14. All permanent buildings are depreciated on the basis of assessed life of:
(A) 40 years (B) 60 years (C) 75 years (D) 100 years
Q.15. In case of idle machines, depreciation is charged at:
(A) ¼ of the normal rate (B) Normal rate
(C) Nil rate (D) Half rate
Q.16. No Productivity Linked Bonus is payable if Productivity falls below:
(A) 50 % (B) 60% (C) 80% (D) 90%
Q.17. Which of the following is not true ?
NRR is used
(A) for authorization of additional material
(B) when alternate material is proposed
(C) for authorization of additional labour
(D) Both (A) & (B)
Q.18. For preparation of labour abstract, following is included:
A) Piece work card, Allocation sheet & Punching media
B) Day work card & Allocation sheet
(C) Piece work card, Allocation sheet & Day work card
(D) Piece work card, Day work card, Allocation sheet & Punching media
Q.19. AV group of factories are permitted to hold Store in hand inventory upto following level:
(A) 6 months (B) 4 months (C) 3 months (D) 2 months
Q.20. One of the following is not the cause of payment for idle time:
(A) Failure of power supply (B) Temporary shortage of material
(C) Breakdown of plant & machinery (D) Strike
Q.21. Spot Estimates are prepared for:
(A) Non repetitive items (B) Casual items
(C) Regular production items (D) Both (A) & (B)
Q.22. Industrial workers are allowed late upto:
(A) ½ hour (B) 1 hour (C) 1 ½ hour (D) 2 hour
Q.23. Following is included in Capital asset account:
(A) Land, Building and Machinery (B) Reserve Stock Pile
(C) Both (A) & (B) (D) None of these
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( LAFA - 04 )
Q.24. Day work card does not contain following:
(A) Work order number (B) Warrant number
(C) Hours charged (D) Extract number
Q.25. Expenditure incurred on salaries in new factory till production is established is called:
(A) Preliminary expenses (B) Deferred revenue expenditure
(C) War insurance charges (D) None of these
Q.26. Tool room is treated as:
(A) Service section (B) Production section
(C) Both (A) & (B) (D) Administrative section
Q.27. Fixed charges on following are called “War Insurance Charges”
(A) Number of posts of different categories of personnel (Staff & Officers) not
required for the current level of production
(B) are upkeep and maintenance of plant & machinery required for emergency only
(C) excess provision in the factory, estate, hospital scheme etc
(D) All of the above
Q.28. If more than one shift is working in a building, following extra depreciation of building is
levied at:
(A) 0% (B) 5% (C) 6¾% (D) 10 %
Q.29. Development expenditure is fully charged off within a period of:
(A) 3 years (B) 5 years (C) 7 years (D) 10 years
Q.30. The Demand and Return notes are priced at:
(A) Daily average rate (B) Monthly average rate
(C) Half yearly average rate (D) Yearly average rate
Q.31. 8th digit in warrant number indicate:
(A) Main warrant (B) Sub warrant (C) Type of warrant (D) None of these
Q.32. Quarterly warrants are prepared for drawal of:
(A) Stationery items (B) Fabricated components
(C) Assembly components (D) R&D items
Q.33. Under Except system, warrants are issued against:
(A) 40 series of work order (B) 41 series of work order
(C) 44 series of work order (D) 48 series of work order
Q.34. Extension to the life of warrants must, in no case, be granted for more than:
(A) Thrice (B) Twice (C) Once (D) No limit
Q.35. Scrap which cannot be allocated to any particular job should be return on WO:
(A) 02/00355/00 (B) 02/00356/00 (C) 02/00357/00 (D) 02/00358/00
Q.36. The Competent authority to sanction the payment of arrear of wages not exceeding 3
years is:
(A) GM (B) Member/Finance (C) DGOF (D) GOI
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( LAFA - 05 )
Q.37. While arriving at hourly rate of pay of piece worker, following is taken of the pay scale:
(A) Minimum of pay scale
(B) Maximum of pay scale
(C) Arithmetic mean of maximum and minimum of pay scale
(D) Geometric mean of maximum and minimum of pay scale
Q.38. If number of holidays in a month are two, then day worker will be paid as per following
formula:
P P
(A) N ? ( S ? 2 ) x Number of days present (B) ( N ? 2 ) ? S x Number of days present
P
(C) N ? ( S ? 2 ) x Number of days present (D) None of these
Where P = the monthly rate of pay of the worker
N = the number of days in a calendar month
S = the number of Sundays in the month
Q.39. Indirect expenditure consists of:
(A) FOH + VOH
(B) FOH + Direct labour charges
(C) VOH + Direct labour charges
(D) Indirect labour charges + Direct labour charges + VOH
Q.40. When workmen is transferred to idle time following is used:
(A) Transfer voucher (B) Transfer memo
(C) Transfer order (D) Discharge memo
Q.41. Preliminary expenses should be charged within the period not exceeding:
(A) 5 years (B) 7 years (C) 10 years (D) 15 years
Q.42. In a factory wood is used for making chairs. The wood is:
(A) Direct material (B) Fixed overhead
(C) Variable overhead (D) None of these
Q.43. In case of a loan issued to a private firm against S.D, the store is returnable within:
(A) 1 month (B) 2 months (C) 3 months (D) 6 months
Q.44. In case of IFD, how many copies of issue voucher are prepared:
(A) 2 (B) 3 (C) 5 (D) 6
Q.45. Employer has to pay compensation due under Workmen Compensation Act within:
(A) 1 month (B) 2 months (C) 3 months (D) 6 months
Q.46. If employer fail to pay compensation due within stipulated time and there is no
justification for delay, penalty can be levied upto _____ of the sum of arrears and
interest:
(A) 10% (B) 25% (C) 50% (D) 75%
Q.47. For skilled worker, compensation for accident arising out of employment is given below:-
For thumb – Rs. 30,000, for finger – Rs. 20,000, for leg toe – Rs. 25,000 and
for permanent total disablement – Rs. 60,000.
What will be his total compensation for loosing one finger, one thumb and one leg toe.
(A) Rs. 75,000 (B) Rs. 50,000 (C) Rs. 45,000 (D) Rs. 60,000
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( LAFA - 06 )
Q.48. If an apprentice is injured by an accident arising out of his training, his employer is liable
to pay compensation as per:
(A) W.C. Act (B) Decided by DGOF
(C) Decided by GM (D) Not admissible
Q.49. In case of injury not specified by Schedule, following decides the loss of earning
capacity:
(A) Factory Inspector (B) GM
(C) DGOF (D) Qualified Medical practioner
Q.50. In case of death of a worker in an accident attributable to him arising out of and during
course of employment, the compensation given is:
(A) Full compensation due (B) No compensation is admissible
(C) To be decided by Inspector of factories (D) To be decided by GM
Q.51. A workman in the absence from work on account of injuries received under course of his
duty, may be allowed following month(s) full pay:
(A) 1 (B) 2 (C) 3 (D) 6
Q.52. Under what article of Civil Service regulation, injury leave provisions are admissible:
(A) 195 (B) 291 (C) 301 (D) 321
Q.53. In case of piece work rate, ‘Time rate’is equivalent to:
(A) Quarterly average (B) Monthly average
(C) Weekly average (D) Daily average
Q.54. In case of seasoning of planks, following formula is used:
(A) Seasoning cost (B) Capacity
Rate = ------------------------ Rate = -------------------------------
Capacity x Time Seasoning Cost x Time
(C) Seasoning cost x Capacity (B) Capacity x Time
Rate = ------------------------------------ Rate = -------------------------------
Time Seasoning Cost
Q.55. For conversion of logs to planks, work order is allotted under following series
(A) 04 (B) 05 (C) 07 (D) 08
Q.56. Depreciation is:
(A) Cash expenditure (B) Capital expenditure
(C) Non cash expenditure (D) None of these
Q.57. CCO2 means:
(A) Cash Classified Order 2 (B) Cash Collection Order 2
(C) Cash Compilation 2 (D) Cash Compilation Order 2
Q.58. Manufacturing of a pilot batch is a:
(A) Regular production work (B) Development work
(C) Maintenance work (D) None of these
Q.59. Casual employees who have put in ____ days of service and are in service on 31st
March are also eligible for PLB:
(A) 120 (B) 180 (C) 240 (D) 300
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( LAFA - 07 )
Q.60. At the beginning of year, which of the following is shown at debit side in Capital assets
account:
(A) Depreciation charged for the year (B) Value of asset disposed of
(C) Expenditure incurred during the year (D) None of these
Q.61. Cost cards are posted:
(A) Daily (B) Weekly (C) Monthly (D) Yearly
Q.62. Piece work earning of a gang are distributed amongst the different men in the gang
based on:
(A) Their attendance (B) Their notional time wages
(C) Rate of pay (D) None of these
Q.63. NRRs / NRMs are denoted by following digit of main warrant:
(A) First digit (B) Second digit (C) Last digit (D) None of these
Q.64. During measurement of the operation time following is included in time study:
(A) Rest intervals (B) Minor breakdowns
(C) Tool sharpening (D) All of these
Q.65. Value of Demand notes is shown in:
(A) Register for receipt (B) Register for issue
(C) Material abstract (D) None of these
Q.66. Saturday bonus is equivalent to:
(A) 44 ¾ hours (B) 4 ¾ hours (C) 48 hours (D) None of these
Q.67. In case of civil trade orders, quotation prices are fixed by:
(A) DGOF (B) GM in consultation with AO
(C) GM without consultation of AO (D) Min. of Defence
Q.68. If the actual charges are not available at the time of pricing of receipt voucher, following
is adopted:
(A) Vouchers are priced at provisional rates and no adjustment is done later on
(B) Pricing is deferred till actual charges are known
(C) Pricing is done at provisional rates and later on adjustment voucher is raised
(D) None of these
Q.69. For civil trade quotation (other than export and to non-military departments), the
minimum price will be:
(A) Direct labour + Direct material
(B) Direct labour + Direct material + Full variable overhead
(C) Direct labour + Direct material + Part of variable overhead (which can be
absorbed by market)
(D) None of these
Q.70. Syllabus of work order contains description of:
(A) Both Direct & Indirect expenditure (B) Direct expenditure only
(C) Indirect expenditure only (D) Variable charges only
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( LAFA - 08 )
PART ? B
There are two options - 'T' for True and 'F' for False given against each statement in this part.
If ‘T’is correct, round on the correct option like T . Each question carries 1 mark.
Q.71. Idle time payments are charged to indirect work orders. T / F
Q.72. Open warrants are issued for general shop items. T / F
Q.73. Manufacturing warrant does not contain Rate form number. T / F
Q.74. In case of Machinery which is awaiting installation & commissioning,
depreciation is charged. T / F
Q.75. A machine used in tool room which is fully depreciated can still be used
even though at lower accuracy. T / F
Q.76. Direct material, not critical from production point of view and having a value of
less than 0.5 % of total value is treated as Indirect material. T / F
Q.77. In step ladder statement, service sections are posted on the right side. T / F
Q.78. Stores which are ordinarily manufactured in a factory will be issued direct
from stock. T / F
Q.79. Direct expenditure do not vary in sympathy with load on the factory. T / F
Q.80. The term ‘workmen’is not synonymous with term ‘worker’as used in
the Factories act. T / F
PART - C
(Each question carries 5 marks)
Q.81. What is step ladder allocation and what is the basis of expenditure distribution ?
Q.82. What is Budget committee procedure ?
Q.83. What is Incentive bonus and to whom & at what rate it is paid ?
Q.84. What is Except system of Accounting and where it is used ?
