( SP - 02 )

PART - A

0.1. f the following is not a function of Store (Receipt):

To correspond with firm I factories (B) Prepare Loss statement
Rai ing Examination order (D) To provide facility for inspection

0.2. The Store Accounting document used for transit loss regularisation is::
(A) Loss Voucher (B) 0 Voucher
(C) DD Voucher (D) CRV Voucher

0.3. Number of copies of MIS to be prepared is:

(A) 6 (B) 10 (C) 4 (D) 5

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0.4. S - Series Voucher is prepared for:
(A) Stock items Serviceable items
(C) Semi finished items (D) Surplus store to be issued

0.5. For which of the following conditions. MIS is not prepared:

(A) Material is received without I-Note (B) Material is not brought on charge
(C) Material has been supplied as loan (D) Material has been received without IGP

0.6. Meaning of Ground balance of Store Stock refers to:

(A) Balance found on physical verification (B) Balance shown in ledger
(C) Balance shown in Bin Card (D) None of these

0.7. Which of the following is not an acceptable methodology for detection of discrepancies in
Store Stocl«
(A) Finding unorthodox balance
(B) Stock verification by the Store Keeper in charge of the stock
(C) Posting of invoice quantity
(D) None of these

0.8. be used for issue outside the factory for Production item is:
Voucher (B) 0 Voucher (C) 0 Voucher (D) R Voucher

0.9. norms set by OFB for inventory holding of WIP is:

1BO days (B) 30 days (C) 7 days (D) 217 days

0.10. The technique for inventory control based on value of Stock holdings is referred by
. analysis:
ABC (B) XYZ (C) SOE (D) bione of these
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0.11. Which one of the following does not cover stock inventory holding category:
(A) Slow moving and Non-moving store (B) Surplus I Scrap
~ Blocked inventory (D) None of these

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0.12. What is the minimum percentage prescribed for verification of store stock by factory
management:
~ 10% (B) 20% (C) 30% (D) 40%
 ( SP - 03 )

0.13. The number of digits assigned for minor code in the 10 digit codification system
prevailing for raw materials is:
(A) 1 (8) 2 (C) 3 (D) 4

Q.14. The major code classification for Mechanical spare parts in the 10 digit codification
system prevailing is:
(A) 15 (8) 20 (C) 25 (D) 30

0.15. The objectives for having material handling equipment in Stores is:
(A) To economise the storage space (8) To maintain good house keeping
(C) To reduce man power deployed All of these

0.16. Which one of the following is not a condition to satisfy Stock Pile Store:
(A) It should be non perishable (8) It should be imported
. (C) It should be difficult to quickly obtain in India (D) None of these . "'r"

0.17. The reason why factories are not maintaining Stock Pile stock is:
(A) The Procurement system is quite effective
(8) The Power for Stock Pile is with Ministry of Defence
(C) From Security point of view
(0) To reduce inventory

0.18. Which one of the following is not a condition to be followed for withdrawal from
Stock Pile Stock:
(A) The Stock Pile is to be transferred to working stock
(8) The use of Stock Pile material with the approval of OGOF
Replacement of the Stock Pile will be first charge on the current dues
(0) None of these

a.19. Internal Stock verification is done by:

(A) Fact9ry Staff I Officers (8) Store Holder of the factory
G Stock Verification Group (D) During Annual Stock taking

a.20. The full form of CRV is:

( Certified Receipt Voucher (8) Clear Receipt Voucher
(C) Certified Railway Voucher (D) None of these

a.21. Which one of the following is not a recommended method for detection of stock
discrepancies:
(A) Internal Stock Verification
(8)
(C)
Posting of full invoiced quantity
Finding unorthodox balance
. ,.
(0) None of these

a.22. Which of the following is a recommended method for settling stock discrepancy:
(A) Submission of sanctioned loss statement (8) Payment by supplier
(C) Find old documents (D) All of these
 ( SP - 04)

~3. For preservation of Sheet steel:

(A) Mineral oil is applied on the surface (8) Expose to heat of Sun
(C) Protect against heat and light (D) Use rust-free and dry containers

24. For preservation of Paint:

(A) Use cool places as per directives (B) Protect against heat and light
J9" Roll drums on periodical basis (0) Pack with naphthalene powder

.25. Which of the Forms is used for Demand Note:

(A) Form No. IAFO 1926 (B) Form No. IAFO 1927
(C) Form No. IAFZ 2096 (D) Form No. IAFZ 3000

.26. Which one of the following is not a Primary Store Accounting document:
~) Examination Order (B) Return Note
(C) SHIS (D) MIS

.27. By outstanding assets, we mean those Store where:

(A) Payment is to be made but Store has been received
(B) Stock has been despatched by the firm after payment but not received in the
factory
(C) Payment has been made but store has not been taken into stock
(D) Store is received and inspected but inspection note has not been received . ;.

'.28. Which one of the following leads to outstanding assets:

(A) Spot payment (B) Payment within 30 days
(C) Part Payment (0) None of these

!.29. Anticipated out-turn report is a document prepared by:

(A) Store Receipt (B) Embarkation authorities
(C) Railways (0) Port

1.30. The document used for booking of goods by rail at concessional tariff rate is called:
(A) Bill of Lading (B) Railway despatch voucher
(C) Military Credit note (0) Railway Bill

1.31. When the Bill of Lading is not received in time, Embarkation authorities shall clear the
Store against
(A) Indemnity Bond (B) Delivery Order
(C) Negotiable document (D) Supply Order

1.32. Which of the following is not classified for declaring Surplus:

(A) General Store (B) Scrap and Waste Product
(C) MT Vehicles (D) None of these

1.33. According to definition of Unserviceable Store:

(A) It cannot be used for any other alternate purpose
(B) It can be repaired economically and used for alternate purpose
(C) It has been condemned and is beyond economic repair ~
..
(D) It fetches only scrap value
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 ( SP - 05 )

0.34. True Surplus means:

(A) Surplus to the factory (8) Surplus to Ordnance Factory organisation
(C) Surplus to Govt. of India (0) Surplus to the whole Nation

0.35. Most of the inventory control methods are applicable for:

(A) Fast moving items (8) Slow moving items
(C) Non-moving items (0) All of these

0.36. General Manager's Financial power for declaration of surplus for Unserviceable Stores is:
(A) Full Powers (8) Rs. 10 Lakhs (C) Rs. 5 Lakhs (0) Rs. 2 Lakhs

0.37. General Manager's Financial Power for disposal of Scrap and Swarf is:
(A) Full Powers (8) Rs. 10 Lakhs (C) Rs. 5 Lakhs (0) RS.2 Lakhs

0.38. General Manager's Financial Powers for regularising loss of Stores not due to theft, fraud
or neglect is:
(A) Rs. 10,000/- (8) Rs. 25,000/- (C) Rs. 50,000/- (0) Rs.1 Lakh

0.39. General Manager's Financial Powers for sanction of Demurrage and Wharfage is:
(A) Rs. 50,000/- (8) Rs. 10,000/- (C) Rs. 5,000/- (0) Rs. 2,000/-

0.40. General Manager's Financial Powers for air liftfng of Stores within India is:
(A) Rs. 50,000/- (8) Rs. 10,000/- (C) Rs. 5,000/- (0) Rs. 2,000/- -,'r'

PART-B

Note: Answer any 6 (six) questions from this part. Each question carries 10 (ten) marks.

0.41. Explain how the ISO 9001:2000 helps in Inventory Control in Ordnance Factories?

0.42. State and explain the six categories of Store Stock.

Also state any four functions of Store Stock.

0.43. State the five methods of disposal of Surplus Store. How do you fix the guiding price of
non-ferrous scrap for disposal.

0.44. State two actions the factory has to take for delivery of consiqnrnents despatched by rail
prior to receipt of consignment. Also state five actions to be taken care of on delivery of
wagons..

0.45. Write short notes on:

i) Outstanding Assets
ii) Outstanding Liabilities
iii) Outstanding Issues

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 ( SP - 06 )

Q.46. Explain briefly the following:

i) Nominal Transactions " .. 'r"

ii) Loan Transactions

iii) Transit discrepancies

Q.47. Explain the manners by which loss of Stores may take place.
Write any four methods of regularising loss of Store despatched from the supplier to
consignee.

Q.48. What are five main classes under which material handling equipments are generally
divided? State two examples for each.

Q.49. State any four main objectives of Preservation of. Stores.

Suggest any two methods of Preservation for the following:
i} Sheet Steel
ii) Woolen items
iii} Drugs

Q.50. What are the three types of Stock Verification done in Ordnance Factories?
State any four methods by which Store discrepancies in Stock can be detected.

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