Qualifying Exam for Promotion: Accounting Subjects
82 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the maximum time interval that should normally occur between two successive Part-I examinations?

  • Four years
  • Two years
  • Three years (correct)
  • Five years

    • Which subject is NOT listed as a compulsory subject for the Part-I examination?

  • Budget Management (correct)
  • Advanced Commercial Bookkeeping
  • General Rules and Procedure
  • Accounting and Banking

    • Which of the following is a requirement for a candidate to be eligible for Part-II of the examination?

  • Pass in all optional subjects
  • Complete additional training courses
  • Obtain an exemption from Part-I (correct)
  • Have prior work experience in accounts

    • Which of the following combinations of optional subjects is required for the rank of Section Officer (A/Cs)?

    <p>Stores Accounts and Books and Budget</p> Signup and view all the answers

    Which of the following statements regarding the Appendix-3 examination is FALSE?

    <p>Part-I can be attempted without passing Part-II.</p> Signup and view all the answers

    What does Part-I examination comprise?

    <p>Two compulsory subjects</p> Signup and view all the answers

    Which of the following texts is recommended for study in the Advanced Commercial Bookkeeping subject?

    <p>Commercial Book-Keeping, Accounting and Banking by Arthur Field house</p> Signup and view all the answers

    What is the focus of Workshop Accounts in reference to costing?

    <p>Compilation and maintenance of accounts records using mechanical appliances</p> Signup and view all the answers

    Which aspect of Traffic Accounts requires a thorough knowledge of machine methods?

    <p>Goods, coaching, and miscellaneous traffic</p> Signup and view all the answers

    Which accounts are excluded from General Expenditure Accounts?

    <p>Stores Accounts</p> Signup and view all the answers

    Which account focuses on the custody, receipt, and issuance of stores?

    <p>Stores Accounts</p> Signup and view all the answers

    Candidates qualifying for Inspectors of Station Accounts do not need to study which topic?

    <p>Stores Accounts</p> Signup and view all the answers

    Which of the following is a key component of Workshop Accounts?

    <p>Costing methodologies related to workshops</p> Signup and view all the answers

    What knowledge is necessary for the office of the Controller of Stores?

    <p>Nomenclature of standard items of stores</p> Signup and view all the answers

    What is a primary focus of the accounts maintained using mechanical appliances?

    <p>Record maintenance for stores and workshops</p> Signup and view all the answers

    Candidates must have knowledge of which accounting aspect for qualifying as Inspectors of Stores Accounts?

    <p>Standard procedures for stock verification</p> Signup and view all the answers

    How many papers will be there for each optional subject?

    <p>Two papers, one with books and one without</p> Signup and view all the answers

    What is the percentage of marks required for the General category to pass in each compulsory subject?

    <p>40 percent</p> Signup and view all the answers

    Which of the following references is NOT allowed during the examination?

    <p>Financial Management Textbook</p> Signup and view all the answers

    What is the required aggregate percentage for passing optional subjects in the SC/ST category?

    <p>30 percent separately in each paper and 35 percent in aggregate</p> Signup and view all the answers

    Which manual is not specifically listed as a reference for the examination?

    <p>General Accounting Principles Manual</p> Signup and view all the answers

    Which of the following is true regarding the optional subjects?

    <p>One paper allows reference to authorized books</p> Signup and view all the answers

    Which body issues the regulations that candidates need to be familiar with for their exams?

    <p>The Railway Board</p> Signup and view all the answers

    How many optional subjects will have two papers?

    <p>All optional subjects</p> Signup and view all the answers

    Which statement correctly describes the passing criteria for optional subjects in the Gen category?

    <p>Pass with 40 percent in each paper separately and 45 percent in aggregate</p> Signup and view all the answers

    For which of the following documents can candidates NOT utilize any external aid during the examination?

    <p>Personal notes</p> Signup and view all the answers

    Who is exempt from appearing in the Compulsory Subject Advanced Commercial Book Keeping when taking the Appendix 3 Examination?

    <p>Final ICWA qualified staff of Accounts Department</p> Signup and view all the answers

    How many normal chances are typically allowed for appearing in the Appendix-3 (IREM) examination?

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

    What additional chances can the FA&CAO or General Managers grant for the Appendix-3 (IREM) examination?

    <p>Permission for a 6th chance or beyond</p> Signup and view all the answers

    What is the significance of the examination passed by a candidate for either Section Officer (Accounts) or Inspectors of Station Accounts?

    <p>They are exempt from retaking common subjects already passed</p> Signup and view all the answers

    What is required when a candidate seeks a chance beyond the 10th attempt for the Appendix-3 (IREM) examination?

    <p>Reference to the Railway Board</p> Signup and view all the answers

    What percentage of marks is required for a candidate to be exempted from further examination in a subject after failing?

    <p>60%</p> Signup and view all the answers

    What is the minimum passing percentage for candidates in the General category for each compulsory subject of Part-I examination?

    <p>40%</p> Signup and view all the answers

    How many consecutive attempts can a candidate be exempted from appearing in the Part-I examination if they fail in Part-II but pass Part-I?

    <p>Two attempts</p> Signup and view all the answers

    What defines a chance/attempt in regard to absence from examinations?

    <p>Absence counts as a full attempt</p> Signup and view all the answers

    What is the minimum continuous service required for railway servants to be eligible for examination?

    <p>Five years</p> Signup and view all the answers

    Which medical category must railway servants fall under to qualify for the Appendix III-A examination?

    <p>C-2</p> Signup and view all the answers

    When did the instructions regarding examination exemptions take effect?

    <p>2006</p> Signup and view all the answers

    What is required for a railway servant to be allowed to appear in the examination, aside from previous qualifications?

    <p>Being a permanent employee</p> Signup and view all the answers

    Who provides exemptions from passing specific examinations for railway servants?

    <p>The Railway Board</p> Signup and view all the answers

    What must railway servants do prior to sitting for the Appendix III-A examination regarding their medical status?

    <p>Be medically examined according to specific standards</p> Signup and view all the answers

    What is the typical maximum number of chances allowed for a candidate to appear in the Appendix-3 (IREM) examination?

    <p>3</p> Signup and view all the answers

    What is required from candidates seeking to appear for the Appendix-3 (IREM) examination beyond the 10th chance?

    <p>Approval from the Railway Board</p> Signup and view all the answers

    Which statement accurately describes the treatment of common subjects when qualifying for different classes of appointments?

    <p>Common subjects already passed do not need to be retaken.</p> Signup and view all the answers

    Who has the authority to grant additional chances for the Appendix-3 (IREM) examination?

    <p>FA&amp;CAO and General Managers</p> Signup and view all the answers

    Which category of individuals is exempt from appearing in the Compulsory Subject Advanced Commercial Book Keeping when taking the Appendix 3 Examination?

    <p>Final ICWA qualified staff</p> Signup and view all the answers

    What is the consequence for candidates who pass the Part-I examination?

    <p>They become eligible to appear for Part-II of the examination.</p> Signup and view all the answers

    Which subject is essential for candidates preparing for the Part-I examination?

    <p>Advanced Commercial Bookkeeping.</p> Signup and view all the answers

    What is required when applying for exemptions in the Part-II examination?

    <p>The candidate must apply for exemptions at the time of Part-I applications.</p> Signup and view all the answers

    What must be provided in the optional subjects for Part-II examinations?

    <p>Specific combinations depending on the rank desired.</p> Signup and view all the answers

    What is the maximum interval for scheduling successive Part-I examinations?

    <p>Three years.</p> Signup and view all the answers

    How is the Advanced Commercial Bookkeeping subject represented in the examination structure?

    <p>It includes both theoretical and practical assessments.</p> Signup and view all the answers

    Which of the following subjects can candidates combine for the Section Officer (A/Cs) qualification?

    <p>Books and Budget, and Establishment Accounts.</p> Signup and view all the answers

    Which subjects are required for a candidate wishing to qualify for Inspectors of Stores Accounts?

    <p>Stores Accounts and Workshop Accounts</p> Signup and view all the answers

    What aspect of Workshop Accounts specifically involves the use of mechanical appliances?

    <p>Compilation and maintenance of accounts records</p> Signup and view all the answers

    Which of the following is NOT included in General Expenditure Accounts?

    <p>Stores Accounts</p> Signup and view all the answers

    In the context of Traffic Accounts, what type of traffic must candidates have knowledge about?

    <p>Local and thorough traffic</p> Signup and view all the answers

    Which set of subjects relates directly to the position of Inspector of Station Accounts?

    <p>Station Accounts and Traffic Accounts</p> Signup and view all the answers

    What is a primary focus when compiling Traffic Statistics?

    <p>Usage of machine methods in record keeping</p> Signup and view all the answers

    What essential knowledge is required regarding the office of the Controller of Stores?

    <p>Standard item nomenclature and stock verification processes</p> Signup and view all the answers

    Which accounting aspect is explicitly excluded from the General Expenditure Accounts?

    <p>Workshop Accounts</p> Signup and view all the answers

    Candidates qualifying for Inspectors of Stores Accounts must know the procedure for what?

    <p>Custody and issue of stocks</p> Signup and view all the answers

    What is the required percentage of marks for a candidate belonging to the SC/ST category to pass each optional subject in Part-II?

    <p>30 per cent in each paper and 35 per cent in aggregate</p> Signup and view all the answers

    Which of the following documents can candidates refer to during the examination without external aid?

    <p>Manual of Audit Instructions</p> Signup and view all the answers

    How many total papers will candidates need to complete for each optional subject during the examination?

    <p>Two papers with one being a practical character</p> Signup and view all the answers

    What is the effect of obtaining at least 60 percent in a subject after failing the examination?

    <p>The candidate is exempted from further examination in that subject.</p> Signup and view all the answers

    What criteria must a railway servant meet to be eligible for examination?

    <p>Hold a position at Clerks Grade II or higher for promotion eligibility.</p> Signup and view all the answers

    What is the minimum mark requirement for candidates in the General category to secure a pass in each compulsory subject for Part-I?

    <p>40 per cent</p> Signup and view all the answers

    Which statement about absence from examinations is correct?

    <p>Absence is considered a chance in any circumstance.</p> Signup and view all the answers

    Which of the following can candidates not bring as a reference book for the examination?

    <p>Manual of Statistical Instructions with commentary</p> Signup and view all the answers

    What is required for a railway servant falling under medical category C-2 to take the Appendix III-A examination?

    <p>Pass the C-1 re-examination standards.</p> Signup and view all the answers

    What types of examination papers are prescribed for optional subjects?

    <p>One book-based and one practical paper</p> Signup and view all the answers

    What is the minimum percentage required for a candidate from the SC/ST category to pass a compulsory subject?

    <p>30%</p> Signup and view all the answers

    For which optional subject must candidates achieve 45 per cent in aggregate to pass if they belong to the General category?

    <p>Each optional subject in Part-II</p> Signup and view all the answers

    Which body issues the orders and regulations that candidates must familiarize themselves with for the examination?

    <p>Ministry of Railways</p> Signup and view all the answers

    When did the examination instructions for extensions of chances take effect?

    <p>On 1st November 2006.</p> Signup and view all the answers

    What is the continuous service required for a railway servant to be eligible for examination if they are a graduate?

    <p>Three years in a Railway Accounts Office.</p> Signup and view all the answers

    What is the total number of reference books permitted for candidates to bring during the examination?

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

    What is the primary focus of the practical paper in the optional subjects?

    <p>Real-world application of knowledge and procedures</p> Signup and view all the answers

    What is the consequence of a candidate passing Part-I but failing Part-II?

    <p>They can skip Part-I for the next two attempts.</p> Signup and view all the answers

    Who has the authority to exempt railway servants from passing specific examinations?

    <p>The Railway Board.</p> Signup and view all the answers

    Which statement accurately describes the passing criteria for the General category compulsory subjects?

    <p>Candidates need at least 40% to pass each compulsory subject.</p> Signup and view all the answers

    Study Notes

    Qualifying Examination for Promotion

    • The examination is conducted in two parts: Part I and Part II.
    • Part I is mandatory and comprises two compulsory subjects.
    • Part II comprises two optional subjects.
    • Candidates who pass Part I are eligible for Part II.
    • Candidates who have passed previously may be allowed to directly sit for Part II.

    Compulsory Subjects

    • Advanced Commercial Bookkeeping: A recommended textbook is "The Students complete Commercial Book-Keeping, Accounting and Banking" by Arthur Field house
    • General Rules and Procedure: Questions will be set to assess general accounting/traffic accounting knowledge and relevant rules/procedures.

    Optional Subjects

    • Combinations for Section Officer (A/Cs): Candidates choose combinations of optional subjects.

      • Establishment and Provident Fund Accounts, and Books and Budget.
      • Stores Accounts (compiling/maintaining records with mechanical aids), and Books and Budget
      • Workshop Accounts (costing, mechanical aids), and Books and Budget
      • Traffic Accounts (goods, coaching, and miscellaneous, machine methods), and Traffic Statistics/Traffic Books.
      • General Expenditure Accounts (constructions), excluding Stores and Workshop. Stores Accounts (compiling/maintaining records with mechanical aids)
      • General Expenditure Accounts (constructions), excluding Stores and Workshop Accounts, and Books and Budget.
      • General Expenditure Accounts (constructions), excluding Stores and Workshop and Establishment and Provident Fund Accounts

    • Combinations for Inspectors of Station Accounts:

      • Station Accounts
      • Traffic Accounts (goods, coaching, and miscellaneous traffic, including thorough machine methods for traffic accounts and statistics).

    • Combinations for Inspectors of Stores Accounts:

      • Stores Accounts (compiling/maintaining, mechanical aids), Workshop Accounts (receipt/issuance of stores, nomenclature of items, verification of stock).

    Examination Details

    • Duration: Time intervals between Part I examinations shouldn't exceed three years typically.
    • Papers: Two papers for each optional subject. One is book-based (practical), the other is non-book-based.
    • Allowed reference materials: Candidates may use permitted reference books during exams.
    • Passing Percentage: -Part I (Compulsory Subjects): 40% (General) and 30% (SC/ST) for each subject, -Part II (Optional Subjects): 40% (General) and 30% (SC/ST) for each paper. 45% aggregate in both papers (General), 35% aggregate (SC/ST)
    • Exemptions: Candidates who excel (score 60% or more) in one subject may be exempted from further examinations in that subject. For certain cases of failing in one subject of Part II, one year exemption is given in Part I.
    • Absence from Examination: Absence from examination is considered a single chance/attempt.
    • Examination timeframe of 2006: The instructions became effective for the examination of 2006 (1st and 2nd November, 2006).

    Other Important Notes

    • Medical Category C-2: Individuals in this category need to pass a medical re-examination before the main exam if they wish to sit for the exam.
    • No Duplicate Examination in the Same Subject for Different Classes: Persons who possess a qualification in one class of employment need not reexamine in subjects already passed.
    • Eligible Employees Exempt from a Subject: Specific members of the staff in the account department may be exempted from the need to take any or all previously taken subjects in the examination.
    • Permission for Further Attempts: Additional attempts for the exam can be granted.
    • Withdrawal of Application: A candidate may withdraw from the examination.
    • Examination Scheme: A pre-determined schedule details exam timings, candidate lists and other requirements.
    • Answer Sheet Disposal: Answer papers will be discarded after a specified timeframe (six months after result announcements).

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Related Documents

    Railway Examination PDF

    Description

    Prepare for the Qualifying Examination for Promotion with this quiz focusing on the compulsory subjects of Advanced Commercial Bookkeeping and General Rules and Procedure, along with optional subjects relevant for Section Officers. Master the essentials of accounting rules and bookkeeping practices crucial for your success.

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser