Qualifying Exam for Accounting Promotion

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Questions and Answers

What is included in the first paper of the qualifying examination?

  • Specific branch of Accounting
  • Elementary Book-keeping principles (correct)
  • Framing of a draft-letter
  • General rules and Procedure

Which of the following topics is NOT covered in the Elementary Bookkeeping syllabus?

  • The Cash Book
  • Inventory Management (correct)
  • The Balance Sheet
  • The Trading Account

What is the minimum percentage of marks required to pass each subject?

  • 50%
  • 30%
  • 60%
  • 40% (correct)

Who is responsible for conducting the examination?

<p>The Head of each Office (B)</p> Signup and view all the answers

Which chapter is part of the prescribed syllabus for Elementary Bookkeeping?

<p>Rules for Journalizing (C)</p> Signup and view all the answers

What type of knowledge does the third paper in the examination aim to test?

<p>Theoretical and practical knowledge of a specific branch of Accounting (D)</p> Signup and view all the answers

Which option is NOT a branch of Accounting included in the third paper?

<p>Human Resources Management (C)</p> Signup and view all the answers

Which of the following is a requirement for the General rules and Procedure paper?

<p>Framing a draft-letter (B)</p> Signup and view all the answers

What is emphasized in the examination regarding the knowledge required from candidates?

<p>Knowledge of machine methods and Traffic Books (C)</p> Signup and view all the answers

When was the pass percentage requirement established for the examination?

<p>1956 (C)</p> Signup and view all the answers

How many normal examination chances are allowed for Railway servants appearing for Appendix 2 IREM Examinations?

<p>5 (A)</p> Signup and view all the answers

Who has the authority to grant additional examination chances beyond the normal limit?

<p>General Managers (B), FA&amp;CAO (D)</p> Signup and view all the answers

What is the maximum number of chances a Railway servant can be granted without reference to the Railway Board?

<p>9 (C)</p> Signup and view all the answers

What happens to directly recruited JAAs who do not pass the Appendix II examination within their allowed chances?

<p>Their services are likely to be terminated. (C)</p> Signup and view all the answers

What is the minimum service requirement for a railway servant to appear in the Appendix II examination?

<p>6 months (D)</p> Signup and view all the answers

Can temporary railway servants appear for the examination prescribed in Appendix II?

<p>Yes, but passing does not guarantee absorption into the permanent cadre. (C)</p> Signup and view all the answers

What condition may be waived by the General Manager regarding examination eligibility?

<p>Six months minimum service (B)</p> Signup and view all the answers

What percentage must a candidate achieve in any subject to be exempted from re-examination in that subject?

<p>50% (C)</p> Signup and view all the answers

On what basis might a General Manager grant a third chance to JAAs?

<p>Specific recommendation of the FA&amp;CAO. (C)</p> Signup and view all the answers

How must any examination results be reported for a candidate who fails but shows marked excellence?

<p>Exemption in the subject with 50% or more. (C)</p> Signup and view all the answers

Which area is specifically assessed in the General rules and Procedure paper of the examination?

<p>Ability to frame a draft letter (A)</p> Signup and view all the answers

In the context of the qualifying examination, what does the third paper primarily evaluate?

<p>Theoretical knowledge in a specific accounting branch (C)</p> Signup and view all the answers

What type of knowledge is predominantly assessed regarding the first paper of the examination?

<p>General principles and practices of Elementary Bookkeeping (C)</p> Signup and view all the answers

Which of the following chapters is included in the Elementary Bookkeeping syllabus?

<p>The Profit and Loss Account (C)</p> Signup and view all the answers

What is the passing mark requirement for each subject in the qualifying examination?

<p>40% of the maximum marks (C)</p> Signup and view all the answers

Which of the following branches of accounting is NOT mentioned in the syllabus for the third paper?

<p>Corporate Finance (C)</p> Signup and view all the answers

How is the examination's frequency determined?

<p>At the discretion of the Head of each Office (B)</p> Signup and view all the answers

Which component is included in the prescribed syllabus for Elementary Bookkeeping?

<p>Sub-Divisions of Journal (D)</p> Signup and view all the answers

What kind of transactions are specifically studied in the Elementary Bookkeeping syllabus?

<p>Banking Transactions (C)</p> Signup and view all the answers

The examination aims to test knowledge applicable to which office?

<p>Railway Accounts Office (C)</p> Signup and view all the answers

What is the maximum total number of chances a Railway servant can be allowed to take for Appendix 2 IREM Examinations without requiring further authorization?

<p>10 (B)</p> Signup and view all the answers

Which of the following can result in a waiver of the minimum service requirement for appearing in the Appendix II examination?

<p>Exceptional circumstances as determined by the General Manager (C)</p> Signup and view all the answers

In what situation may a General Manager grant an additional chance to the directly recruited JAAs?

<p>Upon specific recommendation by the FA&amp;CAO (B)</p> Signup and view all the answers

What minimum percentage of marks must a candidate achieve in any subject to be exempted from that subject in future examinations?

<p>50% (A)</p> Signup and view all the answers

How many total chances may a Railway servant receive if granted the maximum possible additional chances by both FA&CAO and General Manager?

<p>10 (A)</p> Signup and view all the answers

What happens to a temporary railway servant who passes the Appendix II examination?

<p>They do not gain any claim for permanent employment (A)</p> Signup and view all the answers

Candidates who fail in the examination but show marked excellence in any subject will...

<p>Be exempted from future attempts in that subject (D)</p> Signup and view all the answers

Which of the following statements regarding the six months service requirement is TRUE?

<p>It may be waived by the General Manager under special circumstances (D)</p> Signup and view all the answers

Who has the authority to grant the highest number of additional examination chances if required?

<p>General Manager (A)</p> Signup and view all the answers

What will be the consequence for directly recruited JAAs who do not pass the Appendix II examination within the stipulated chances?

<p>Their services may be terminated (A)</p> Signup and view all the answers

What is the focus of the first paper in the qualifying examination?

<p>Elementary Bookkeeping (C)</p> Signup and view all the answers

Which of the following is a mandatory question type in the General Rules and Procedure paper?

<p>Framing a draft-letter (A)</p> Signup and view all the answers

In the third paper, which branch of accounting is NOT included?

<p>Service Department Accounts (C)</p> Signup and view all the answers

What is required to pass each subject in the examination?

<p>Forty percent of the maximum marks (C)</p> Signup and view all the answers

Who conducts the qualifying examination for promotion in the Accounts Department?

<p>The Head of each Office (B)</p> Signup and view all the answers

What aspect of knowledge does the third paper aim to evaluate?

<p>Theoretical and practical knowledge in a specific branch (C)</p> Signup and view all the answers

Which of the following statements correctly describes the topics tested in the second paper?

<p>Framing drafts and general procedural knowledge (B)</p> Signup and view all the answers

What is the maximum passing requirement established since November 1956?

<p>Forty percent of the maximum marks (C)</p> Signup and view all the answers

Which type of transactions is specifically related to the Elementary Bookkeeping syllabus?

<p>Banking Transactions (B)</p> Signup and view all the answers

Which of the following does NOT cover topics pertaining to accounting general rules and procedures?

<p>Complex auditing practices (B)</p> Signup and view all the answers

What is the maximum normal number of examination chances allowed for Railway servants appearing for Appendix 2 IREM Examinations?

<p>5 (C)</p> Signup and view all the answers

Under what conditions can a General Manager grant additional chances beyond the maximum allowed?

<p>If the FA&amp;CAO recommends it (B)</p> Signup and view all the answers

How many total chances may a Railway servant receive if granted the maximum possible additional chances?

<p>10 (D)</p> Signup and view all the answers

What is required of directly recruited JAAs regarding the Appendix II examination?

<p>They must pass within two chances or face termination. (B)</p> Signup and view all the answers

In what scenario might the six months service requirement for the examination be waived?

<p>In exceptional circumstances by the General Manager (D)</p> Signup and view all the answers

What happens to a temporary railway servant if they pass the Appendix II examination?

<p>They are not entitled to be absorbed in the permanent cadre. (D)</p> Signup and view all the answers

Which of the following statements about the candidates who fail the examination is TRUE?

<p>They may not be required to retake subjects where they score 50% or more. (D)</p> Signup and view all the answers

What is the purpose of allowing FA&CAO to grant an extra examination chance?

<p>To help candidates who show potential. (B)</p> Signup and view all the answers

What must candidates achieve in any subject to be exempted from further examination in that subject?

<p>50% (B)</p> Signup and view all the answers

What is NOT a condition for appearing in the Appendix II examination?

<p>Prior experience in the Railway Accounts Office (A)</p> Signup and view all the answers

What does the first paper of the qualifying examination primarily test?

<p>General principles and practices of Elementary Bookkeeping (D)</p> Signup and view all the answers

Which of the following statements is true regarding the passing marks requirement?

<p>A minimum of 40% of the maximum marks in each subject is required to pass. (B)</p> Signup and view all the answers

In the General rules and Procedure paper, what specific skill is assessed?

<p>Framing a draft-letter (B)</p> Signup and view all the answers

Which of the following branches is NOT a focus in the third paper of the examination?

<p>Sales Tax Accounts (A)</p> Signup and view all the answers

How is the examination schedule determined?

<p>By the Head of each Office (C)</p> Signup and view all the answers

Which type of transactions is included in the Elementary Bookkeeping syllabus?

<p>Banking transactions (D)</p> Signup and view all the answers

What percentage of marks is required in a subject for a candidate to be exempted from re-examination in that subject?

<p>75% (D)</p> Signup and view all the answers

Which statement accurately reflects the third paper's objectives?

<p>To evaluate practical accounting knowledge in a chosen branch (A)</p> Signup and view all the answers

What is the maximum number of examination chances a Railway servant can receive without needing reference to the Railway Board?

<p>10 chances (C)</p> Signup and view all the answers

Under what condition can JAAs be granted a third chance for the Appendix II examination?

<p>On the recommendation of the FA&amp;CAO (D)</p> Signup and view all the answers

What is the minimum period of service required for a railway servant to be eligible to appear in the Appendix II examination?

<p>Six months (D)</p> Signup and view all the answers

What will happen to temporary railway servants who pass the Appendix II examination?

<p>They will retain their temporary status without claims for absorption (A)</p> Signup and view all the answers

What exemption can a candidate obtain if they fail the examination but achieve at least 50% in any subject?

<p>They are exempted from re-examination in that subject (D)</p> Signup and view all the answers

Which authority can waive the condition of having at least six months of service for appearing in the examination?

<p>The General Manager (B)</p> Signup and view all the answers

What is the total time frame within which a directly recruited JAA must pass the Appendix II examination?

<p>Four years (B)</p> Signup and view all the answers

How many additional chances may the FA&CAO allow for candidates appearing for promotion beyond the 5 normal chances?

<p>Two additional chances (C)</p> Signup and view all the answers

Flashcards

Accounts Clerk Promotion Exam

An exam for Accounts Clerks to advance to Accounts Assistant.

Elementary Bookkeeping

Fundamental principles and practices of bookkeeping.

Double-Entry Bookkeeping

A bookkeeping system where every transaction is recorded with equal debits and credits.

General Rules and Procedure

The rules and methods followed within a railway accounts office.

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Draft Letter

A sample letter to illustrate communication style.

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Specific Accounting Branch

Selected areas of accounting within railway operations.

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Establishment & Provident Fund

Accounting for employees' compensation and retirement plans.

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Stores Accounts

Record-keeping for inventory and supplies within a railway setting.

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Pass Mark

Minimum percentage needed to pass the examination.

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Examination Conduct

The exam is handled by the head of the office where candidates work.

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Maximum examination attempts

Railway servants are typically limited to five attempts for IREM examinations.

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FA&CAO authority

The FA&CAO can allow up to 8th chance for IREM exams.

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GM authority

The General Manager can authorize the 9th and 10th examinations' chances for IREM exams.

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Directly recruited JAAs

These individuals have service termination if they fail IREM exam in two chances/three years of joining.

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Third chance request (JAAs)

JAAs can request a third chance, with FA&CAO recommendation, within four years of joining.

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Minimum service requirement

Railway servants must have at least six months' service in a Railway Accounts Office to sit for the exam.

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Exceptional circumstances

In exceptional cases, the six-month service requirement can be waived by the General Manager.

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Temporary servants

Temporary staff can take the exam, but passing doesn't guarantee permanent employment.

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Partial exam exemption

Excellent performance (50% or more in a subject) allows exemption from further exams in that subject.

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Reasonable chance of passing

Candidates must have a realistic opportunity of passing the exam to be allowed to sit.

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IREM Exam Attempts

Railway servants are typically allowed only five attempts to pass the Appendix 2 IREM examinations.

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FA&CAO's Power

The Financial Advisor & Chief Accounts Officer (FA&CAO) can grant additional examination attempts beyond the initial five, up to a total of eight attempts.

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General Manager's Role

The General Manager (GM) has the authority to grant the 9th and 10th attempts for the IREM exams, providing even more chances.

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JAAs' Special Rule

Directly recruited Junior Accounts Assistants (JAAs) must pass the Appendix 2 exam in two chances within three years of joining service.

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Third Chance for JAAs

If JAAs fail the Appendix 2 exam within three years, they can request a third chance, with the FA&CAO's recommendation, within four years of joining.

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Waiver of Service Requirement

In exceptional circumstances, the General Manager can waive the six-month service requirement for an IREM exam candidate.

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Temporary Servants Eligibility

Temporary railway servants can take the IREM exam, but passing doesn't guarantee permanent employment.

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What are the three exam papers?

The promotion exam for Accounts Clerks consists of three papers: Elementary Bookkeeping, General Rules and Procedure, and a specific branch of Accounting.

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What is covered in the Elementary Bookkeeping paper?

This paper tests the candidate's understanding of basic bookkeeping principles and practices, focusing on Double Entry bookkeeping. Specific chapters from J.R. Batliboi's book are prescribed as test materials.

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What is assessed in the General Rules and Procedure paper?

This paper focuses on the ability to write a draft letter. It also tests the knowledge of procedures and rules in the candidate's office, as well as those applicable to all Railway Accounts Offices.

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What are the specific accounting branches?

The third paper tests the candidate's expertise in one of the following branches: Establishment & Provident Fund, Stores Accounts, General Expenditure Accounts, Workshop Accounts, Books and Budget & Appropriation Accounts, Coaching & Passenger. Parcels & Coaching Statistics, and Goods & Goods Statistics.

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What is the passing percentage?

A candidate needs to score at least 40% in each subject to pass the promotion exam.

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Who conducts the exam?

The exam is conducted by the Head of the office where the candidate works.

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What are the passing requirements for temporary staff?

Temporary staff can take the exam, but passing does not guarantee permanent employment.

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What is the exemption rule?

Candidates who score 50% or more in a subject are exempt from future exams in that subject.

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What is the 'reasonable chance' rule?

Candidates must have a realistic chance of passing the exam to be allowed to sit for it.

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What is the minimum service requirement?

Railway servants must have at least six months' service in a Railway Accounts Office to be eligible for the exam.

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Who can grant the 6th to 8th chances for the IREM exam?

The Financial Advisor & Chief Accounts Officer (FA&CAO) has the authority to grant additional examination attempts beyond the initial five, up to a total of eight attempts.

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Who approves the 9th and 10th attempts?

The General Manager (GM) has the authority to grant the 9th and 10th attempts for the IREM exams, providing even more chances.

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What are the consequences of failing the IREM exam for directly recruited JAAs?

Directly recruited Junior Accounts Assistants (JAAs) must pass the Appendix 2 exam in two chances within three years of joining service. Failure to do so results in termination of their services.

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Can JAAs get a third chance?

If JAAs fail the Appendix 2 exam within three years, they can request a third chance, with the FA&CAO's recommendation, within four years of joining.

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What is the minimum service requirement for taking the IREM exam?

Railway servants must have at least six months' service in a Railway Accounts Office to be eligible for the exam.

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Can the minimum service requirement be waived?

In exceptional circumstances, the General Manager can waive the six-month service requirement for an IREM exam candidate.

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Are temporary railway servants allowed to take the exam?

Temporary railway servants can take the IREM exam, but passing does not guarantee permanent employment.

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What is the exemption rule for the IREM exam?

Candidates who score 50% or more in a subject are exempt from future exams in that subject.

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What is the maximum number of chances for taking the IREM exam?

Railway servants are typically allowed only five attempts to pass the Appendix 2 IREM examinations.

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What's tested in Elementary Bookkeeping?

This paper tests the candidate's understanding of basic bookkeeping principles and practices, focusing on Double Entry bookkeeping. Specific chapters from J.R. Batliboi's book are prescribed as test materials.

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What does "General Rules and Procedure" cover?

This paper examines the ability to write a draft letter and assesses knowledge of the procedures and rules in the candidate's office, as well as those applicable to all Railway Accounts Offices.

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What are the exam attempts for temporary staff?

Temporary staff can take the exam, but passing does not guarantee permanent employment.

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Appendix 2 IREM Exam

A crucial examination for Railway Accounts personnel, designed to test their knowledge and skills.

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Normal Exam Attempts

Railway employees are typically permitted a maximum of five attempts to pass the Appendix 2 IREM examination.

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Who grants extra attempts (6th to 8th)?

The Financial Advisor & Chief Accounts Officer (FA&CAO) has the authority to grant additional chances, up to a total of eight attempts.

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Who authorizes the 9th and 10th chances?

The General Manager (GM) has the authority to approve the 9th and 10th attempts for the IREM exams.

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Study Notes

Qualifying Examination for Promotion

  • Examination consists of three papers: Elementary Book-keeping, General rules and procedure, and a specific accounting branch
  • Elementary Book-keeping paper tests general principles and practices of bookkeeping
  • General rules and procedure paper assesses draft-letter writing and general office procedures
  • Specific accounting branch paper tests theoretical and practical knowledge in a chosen area (e.g., establishments, stores, expenditure accounts, etc.)
    • Examines knowledge of machine methods and traffic books in relevant branches
    • Includes relevant accounts, budgets, and appropriation areas

Passing Requirements

  • 40% required in each subject for passing
  • Exam dates and locations determined by the Head of each office
  • Maximum of five chances allowed for Appendix 2 (IREM) Examinations
    • Additional chances may be granted by regional managers.
    • Six months of service in the railway accounts office is required to sit for the exam.
    • Waivable exceptions in rare cases allowed by General Manager
  • Temporary employees may sit for the exam, but a passing grade doesn't guarantee permanent employment allocation
  • Candidates with 50% or higher on one subject may be exempt from further examinations in that subject
  • If a candidate withdraws from an exam but submits an application to the General Manager, it counts as a chance availed of.
  • In cases where a candidate misses the exam due to circumstances beyond their control, an application with supporting medical certificates needed.

Important Notes

  • Directly recruited Accounts Assistants (JAAs) must pass Appendix II examination within three years of employment
  • Failing to do so may result in termination.
  • A third chance may be granted by the General Manager within a four-year period.
  • Rules can only be changed with the Railway Board's approval.

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