JKSSB Finance Accounts Assistant Paper with Revised Answer Key

General Knowledge

• 1) The origin of which of the following lakes in Jammu and Kashmir is associated with the Mahabharata?

  Ans. B) Surinsar lake

• 2) Which of the following is the traditional dress of the Kashmiri people?

  Ans. D) Pheran

• 3) Which among the following options is a major tributary of the Bhagirathi river?

  Ans. A) Bhilangna river

• 4) As per census 2011, with regards to sex ratio, the number of females per 1000 males in India was:

  Ans. D) 940

• 5) The Vale of Kashmir (Kashmir valley) is the sole producer of which product (in India)?

  Ans. C) Saffron

• 6) Read the following statements and choose the CORRECT option.

  Statement I: Wheat and Barley are grown as rabi crops in India.

  Statement II: Rabi crops are sown at the beginning of the monsoon season and harvested between October and December.

  Ans. B) Statement I: FALSE, Statement II: TRUE

• 7) Operation Sadbhavana is a unique humane initiative undertaken in Jammu and Kashmir to help people affected by terrorism and is launched by the:

  Ans. A) Indian Army

• 8) Which country shares boundary with Pakistan in the West?

  Ans. A) Iran

• 9) Which among the following was the residential palace of Raja Amar Singh, located in Jammu?

  Ans. B) Amar Mahal

• 10) Which of the following soils is suitable for saffron cultivation in Jammu and Kashmir region?

  Ans. B) Karewa soil

• 11) During which season are walnuts harvested in Jammu?

  Ans. C) Autumn

• 12) Who among the following Mughal emperors carved Kashmir out as a separate subah (imperial top-level province) in his dynasty with the power seated at Srinagar?

  Ans. B) Shah Jahan

• 13) In 2021, under the Pradhan Mantri Kaushal Vikas Yojana, a pilot project was launched to revive which of the following crafts of Jammu and Kashmir?

  Ans. D) Namda

• 14) In October 2021, Government of India signed a share purchase agreement with Tata Sons for sale of which of the following airlines for Rs 18,000 crores?

  Ans. D) Air India

• 15) The Leh Palace was the royal residence of the which of the following dynasties that ruled Jammu and Kashmir?

  Ans. D) Namgyal dynasty

• 16) Gulab Singh was eventually made the Raja of Jammu through which the following Treaties dated: 16-3-1846?

  Ans. C) Treaty of Amritsar

• 17) Which among the following lakes is located in Jammu and Kashmir?

  Ans. D) Wular lake

• 18) In 2021, the Jammu and Kashmir Government filed an application to seek GI tag for which of the following species of mushrooms?

  Ans. B) Gucchi

• 19) The bill for the Jammu and Kashmir Reorganisation Act, 2019 was introduced in Rajya Sabha by:

  Ans. A) Amit Shah

• 20) Which is the only active volcanic island in India?

  Ans. C) Barren Island

• 21) Which among the following destinations is the base camp of the Amarnath Yatra?

  Ans. A) Sonmarg

• 22) In which of the following states of India is the Dree festival celebrated?

  Ans. C) Arunachal Pradesh

• 23) Which of the following statements is FALSE with reference to the Jammu and Kashmir Reorganization Act of 2019?

  Ans. C) Governor of existing State of Jammu and Kashmir to be common Lieutenant Governor

  Ans. D) There will be no reservation for Scheduled Tribe and Scheduled Caste in Jammu and Kashmir

• 24) When did the Indigo revolt in Bengal, a peasant movement, start?

  Ans. B) 1859

• 25) Which among the following is the largest wetland sanctuary in the state of Gujarat and one of the biggest in India?

  Ans. B) Nalsarovar Bird Sanctuary

• 26) The Jawaharlal Nehru Port Trust (JNPT) is the; premier container handling port in India, accounting for around 50% of the total containerized cargo volume, across tip major ports of India. It is located in:

  Ans. A) Navi Mumbai

• 27) Which of the following countries lies to the south of India?

  Ans. B) Maldives

• 28) As per Census 2011, what is the literacy rate of India?

  Ans. C) 74.04%

• 29) The Subar Dhar Mela takes place in which of the following locations of Jammu and Kashmir

  Ans. A) Bhaderwah

  Ans. D) Doda

• 30) Which of the following forts of Jammu and Kashmir is also known as the Koh-e-Maran?

  Ans. C) Hari Parbat Fort

Accounting and Book Keeping

• 31) Copyright is a/an

  Ans. A) Asset

• 32) If there is a positive balance in debit side of Profit & loss account, then what does it indicate?

  Ans. D) net loss

• 33) ______ refers to anything that has an economic value attached to it

  Ans. A) Asset

• 34) Classifications under social accounting include:

  Ans. Null

• 35) Loss due to fire in factory is recorded in the

  Ans. C) profit and loss statement

• 36) Which of the following is correct?

  Ans. C) asset=liability + equity

• 37) Unpresented cheque is also commonly known as

  Ans. D) outstanding cheque

• 38) How frequently is the Trial balance prepared?

  Ans. Null

• 39) What is the meaning of incidence of tax?

  Ans. C) Who will bear the burden of tax

• 40) If the asset of business is Rs 2,00,000 and equity is Rs 50,000 then what will be the liability?

  Ans. C) 1,50,000

• 41) In bank statement, cash deposited is shown as

  Ans. B) credit

• 42) When a company raises money from public for the first time it is known as

  Ans. B) initial public offer

• 43) What is the main objective of audit?

  Ans. B) To express true and fair opinion on financial statements

• 44) ______is a documentary evidence of a transaction done.

  Ans. C) Voucher

• 45) What is the main goal of financial management?

  Ans. D) maximize shareholder’s wealth

• 46) On which of the following income, direct tax is not applicable?

  Ans. B) agricultural income

• 47) GST was implemented on

  Ans. B) 1st July 2017

• 48) When audit is undertaken to check the financial controls & irregularities in the organization, it is which type of audit?

  Ans. C) internal audit

• 49) In Absence of any Profit-sharing ratio how is the profit divided?

  Ans. A) equally amongst all partners

• 50) In double entry book keeping system:

  Ans. C) recording a transaction and giving it debit & credit entry.

• 51) Decreasing value in tangible assets due to the normal wear and tear is known as

  Ans. D) depreciation

• 52) In ledger book which accounts are maintained?

  Ans. C) real, personal and nominal

• 53) P and Q are two partners sharing profit and losses in 3:2 ratio. They admit Y as a new partner with 1/5th share. What will be the new profit-sharing ratio?

  Ans. B) 12:8:5

• 54) Ledger account is prepared with the help of

  Ans. C) Journals

• 55) If the opening capital is Rs 80,000 and closing capital is Rs 1,00,000 then what is the amount of profit or loss?

  Ans. C) profit 20,000

• 56) In case of an overcharge which of the following documents is issued?

  Ans. A) Debit note

  Ans. B) Credit note

• 57) Trial balance helps to check the accuracy of the:

  Ans. B) ledger

• 58) The term social accounting was first introduced by

  Ans. B) J. R. Hicks

• 59) PFMS was earlier known as:

  Ans. B) central plan scheme monitoring system

• 60) Expense incurred to start a business is a:

  Ans. A) fictious asset

General English

• 61) Choose the right modal to fill in the blank:

  He has promised that he ____not harm you.

  Ans. D) shall

• 62) Identify the sentence written in the passive voice.

  Ans. A) Much to his surprise, he was chosen as the lead actor by the director.

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