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</p> Signup and view all the answers

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

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

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

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

    When was the pass percentage requirement established for the examination?

    <p>1956</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</p> Signup and view all the answers

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

    <p>General Managers</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</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.</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</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.</p> Signup and view all the answers

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

    <p>Six months minimum service</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%</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.</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.</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</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</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</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</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</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</p> Signup and view all the answers

    How is the examination's frequency determined?

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

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

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

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

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

    The examination aims to test knowledge applicable to which office?

    <p>Railway Accounts Office</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</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</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</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%</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</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</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</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</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</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</p> Signup and view all the answers

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

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

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

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

    What is required to pass each subject in the examination?

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

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

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

    What is the maximum passing requirement established since November 1956?

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

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

    <p>Banking Transactions</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</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</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</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</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.</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</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.</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.</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.</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%</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</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</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.</p> Signup and view all the answers

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

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

    How is the examination schedule determined?

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

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

    <p>Banking transactions</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%</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</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</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</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</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</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</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</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</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</p> Signup and view all the answers

    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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    Qualifying Examination for Promotion of Accounts Clerks (PDF)

    Description

    This quiz covers the qualifying examination for promotion in accounting, focusing on three key areas: Elementary Book-keeping, General Rules and Procedures, and a Specific Accounting Branch. It assesses understanding and application of bookkeeping principles, office procedures, and specialized accounting knowledge. Prepare for the exam by testing your expertise across these subjects.

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