NORTH WESTERN RAILWAY
Accounts Department
Limited Departmental Competitive Examination
(LDCE) for selection to the post of Assistant
Financial Advisor (Group ‘B’ Service-30%
quota)
PAPER-I
Date: 20/11/2021
Time Allowed: 3
HoursMaximum Marks: 150
This
paper contains three sections viz. A, B & C. All sections have to be answered. Each
section carries equal marks.
[Note: (1) Do not
write your Roll No./Name anywhere in the answer book. Write your Name,
Designation, and Roll No only in the assigned space in the file leaf only. If
the candidate writes Name / Designation/ Roll No, or any symbol / indication in
the answer book, the candidature shall be disqualified. (2) Answer to Q.3 has
to be given in English only and answers to other questions have to be written
in either in English or Hindi. (3) In case of any discrepancy between the
English and Hindi versions of this question paper, English version will be
treated as final.]
Section-A: General
Knowledge, English and Official Language Policy [50 marks]
Section-B: General
Principles of Government Accounting and Auditing with special reference
To the Railways [50 marks]
Section-C: Books and
Budgeting including Traffic Book [50
marks]
Section-A
General Knowledge, English
and Official Language Policy
Q.1 Write the full form of the
following abbreviations:
(5 marks)
(i) UNICEF (ii) UPSC (iii) GDP (iv) PFRDA
(v) UIDAI
Q.2 Write short notes on any two
of the following:
(10 marks)
i.
Election Commission
ii.
President Rule
iii.
NITI Aayog
Q.3
(A) Write an essay (about 300
words) on any one of the following:
(20 marks)
1. Freedom struggle of
India
2. Unity in diversity
3. Honesty is the best
policy
(B) Write the antonyms of the following:
(5 marks)
1. Ancient 2.
Abundant 3. Conceal 4. Ugly 5. Frequent
Q.4 What is the Official language policy
of the Union of India? Give salient features of the
Official Languages Act
1963.
(10 marks)
Section-B
General Principles of Government Accounting
and Auditing with special reference to the Railways
Attempt any two of the following; each
question carries 25 marks:
Q.5 a. What do you mean by ‘statutory
audit’
(7 marks)
b. Write short notes
on the following:
(18 marks)
(1) Draft Para
(2) Special
Letter
(3) Public Accounts Committee
(PAC)
Q.6 Distinguish between the following:
(25 marks)
1. Originating
earning and apportioned earning.
2. Write-back and
write-off
3. Consolidated fund
and contingent fund
4. Demands payable
and Demands recoverable
5. Block Account and
Loan Account
Q.7 Give a detail of the system of maintenance
and compilation of Railway Accounts.
(25 marks)
Section-C
Books
and Budgeting including Traffic Book
Attempt any
two of the following; each question carries 25 marks:
Q.8 What is Traffic Book? How is it posted and
what purpose does it serve?
(25 marks)
Q.9 (A)
What is the purpose of Operating Suspense Account?
(7 marks)
(B) Briefly discuss the
operation and accounting of the following Suspense heads.
(a)
Cheques
& Bills, (b) Remittance into bank,(c) Purchase Suspense
(18 marks)
Q.10
Write short notes on the following:
(25 marks)
i. Outcome budget
ii. Performance budget
iii. Zero based budgeting
iv. Accrual accounting
v.
Transfer transaction
NORTH WESTERN RAILWAY
Accounts Department
Limited Departmental Competitive Examination (LDCE) for selection to the
post of Assistant
Financial Advisor (Group ‘B’ Service-30% quota)
PAPER-II
Date: 21/11/2021
Time Allowed: 3 HoursMaximum Marks: 150
This paper contains three sections viz. A, B
& C. All sections have to be
answered. Each section carries equal marks.
[Note: (1) Do not write your Roll No./Name anywhere in
the answer book. Write your Name, Designation, and Roll No only in the assigned
space in the file leaf only. If the candidate writes Name / Designation/ Roll
No, or any symbol / indication in the answer book, the candidature shall be
disqualified. (2) Answer to all questions have to be written in either in
English or Hindi. (3) In case of any discrepancy between the English and Hindi
versions of this question paper, English version will be treated as final.]
Section-A:
Financial Justification for Expenditure and Traffic Costing
[50 marks]
Section-B:
Management Accounting
[50 marks]
Section-C:
Traffic Accounting and Statistics & Establishment [50 marks]
OR
General Expenditure
Accounts and Workshop & Stores Accounts
Section-A
Financial Justification
for Expenditure and Traffic Costing
Answer any two questions:
(each question carries 25 marks)
Q.1 What are
the points to be kept in mind while examining the following in finance:
a. Land
licensing proposal, b. Station to Station Rates, c. Detailed Estimate,
d. Crossing Station, e. Variation Statement
(25 marks)
Q.2 Describe
the methodology adopted by the Indian Railways to work out the costing for Freight
And
Coaching Services
(25 marks)
Q.3 Name and
describe the various sources/ funds available for financing Railway
Projects
(25 marks)
Section-B
Management Accounting
Attempt any two questions: (each question carries 25
marks)
Q.4 Write
short notes on the following:
(25 marks)
(a)
Debt Equity Ratio, (b) Marginal Costing, (c) Opportunity Cost,
(d)
Liquidity Ratio, (e) Working Capital
Q.5 a) Bring
out the difference among partnership firm, joint venture firm and consortium of
firms.
(15 marks)
b)
Describe DCF method of project appraisal.
(10
marks)
Q.6 What is the
difference between Internal Check and Internal Audit? Give a brief description
of scope and
Objective of Internal Audit.
(25 marks)
Section-C
Traffic Accounting
and Statistics & Establishment
Attempt any two questions:
(each question carries 25 marks)
Q.7 Write short notes on the following:
(a) Accounts Office Balance Sheet, (b) Traffic Suspense,
(c) Cash Remittance Note,
(d) Cash in Transit, (e) Error
Sheet
(25 marks)
Q.8 Write short notes on the following:
(a) Permanent Negotiating Machinery, (b) Child Care Leave,
(c) National Holiday Allowance,
(d)
Night Duty Allowance, (e) Leave Encashment
(25 marks)
Q.9 Write short notes on the following:
(a) GTKM and NTKM, (b) Statement no.6A, (c) Statement
no.7A,
(d) Statement no.7C, (e) Route Kilometer and
Track Kilometer
(25 marks)
OR
General Expenditure Accounts and Workshop & Stores Accounts
Attempt
any two questions: (each question carries 25 marks)
Q.10 Write short notes on the following:
(a)
Excess over
estimates, (b) Completion Report, (c) Final Location survey,
(d) Vitiation
of Contract, (e) Price Variation Clause
(25 marks)
Q.11 What is inventory management? Why it is
necessary and how it is being managed on Indian
Railways?
(25 marks)
Q.12 Why it is necessary to operate a
suspense account to book the expenditure in a Workshop?
Describe briefly how such a
suspense account is operated.
(25
marks)
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