Key Points

S.
NO QUESTION ANSWER OPTION A OPTION B OPTION C OPTION D ANSWER

None of the
1 Which of these is an ERP Systems? All the above SAP Oracle All the above C
above
______states that the objective of the auditor is to identify and
None of the
2 assess the risks of material misstatement whether due to fraud SA315 SA330 SA315 SA300 B
above
or error
including the including the excluding the excluding the

including the entity's
As per SA315,understanding the entity and its control entity's internal entity's external entity's internal entity's external
3 internal control A
environment means _____ control control control control
frameworks
frameworks frameworks frameworks frameworks
As per SA315,the auditor has to understand the information Financial

4 Both A & B Communication Either A or B Both A & B D
systems environment relevan to _____ reporting
In Governance Framework,The _______ is the owner of the None of the
5 IT team Business team IT team Either A or B B
application above
In Governance Framework,The _______ is the owner of the None of the
6 Business team Business team IT team Either A or B A
data residing within the application above
The communication lines are strictly drawn between the Chief
7 Information Officer and Chief Financial Officer so as to integrity confidentiality integrity availability All the above B
maintain the ____ of the data within the application
8 The risk in an automated environment are _____ many less many moderate All the above B
due to the
interfaces
number and security within
9 The risk in an automated environment may be ______ All the above between the All the above D
location of the applications
applications
applications
143,internal 143,external
In addtion to SA315,the auditor's in response to Clause (i) of 142,internal 142,external
143,internal financial financial financial
10 Sub-Section 3 of Section _____ of the Companies Act,2013,have controls system controls system B
controls system in place controls system controls system
to report whether the entity has adequate ______ in place in place
in place in place
______ deals with the auditor's respnsibility to design and

None of the
11 implement responses in the form of audit procedures in SA 330 SA 330 SA 300 SA 610 A
above
response to work done as part of SA 315.
unlisted
12 The audit procedures are required for the _______ Both A & B listed companies Either A or B Both A & B D
companies
integrated
A/An ______system inherently means that all the modules Enterprise
integrated Enterprise Enterprise Entity resource None of the
13 within the system are seamlessly connected with each other and resource B
resource planning resource planning above
the transactions flow through the relevant modules planning
planning
In ERP,____Primary set of Books are there and _____
14 one,all one,few many,all one,all many,few C
transactions reside here.
Systems
Systems distributed volume of
Which of these is not the possible reason of why substantive nature of outsourced distributed
15 within the same transactions are D
procedures may not be feasible in ERP? business processes within the same
geographies high
geographies
International International
International Standard Indian Standard Indian Standard
Standard for Standard for
16 ISAE means ______ for Assurance for Assurance for Audit B
Assurance Audit
Engagements Engagements Engagements
Engagements Engagements
Payment Payment
Payment Card Payment Card
Compliance Compliance
Payment Card Industry- Industry-Data Industry-Data
17 PCI-DSS means _____ Industry-Data Industry-Data C
Data Security Standard Security Sensitivity
Sensitivity Security
Standard Standard
Standard Standard
areas where
Involvement of CAATS may be
None of the
18 Which of the following are not the key aspects of SA 300? None of the above key team used as part of All the above D
above
members the audit
procedures
A test of controls is an _____ to test the effectiveness of a

audit None of the
19 control used by a client entity to prevent or detect material audit procuedure audit strategy audit evidence B
procuedure above
missatements
Say whether TRUE or FALSE?

20 When auditors have access to systems,Auditors should always TRUE TRUE FALSE A
request access to the production or live environment
21 The type of access that auditors request should be ______ Both A & B Display-only read-only Either A or B Both A & B D
Auditor should request for _____access for the duration of the priviliged administrative temporary
22 temporary access super user C
audit access access access
None of the
23 General IT controls are known as ____ controls Both A & B pervasive indirect Both A & B C
above
Application
Data center and system
24 Which of the following is not a category of GITC? Access control Program change Access control Network acquisition,deve B
operations lopment and
maintenance
Automated IT-Dependent None of the
25 ______ controls are embedded into IT applications Automated controls Manual controls B
controls controls above
______ controls are activities in a business process that are
26 performed by individuals or employees without the need to rely Manual controls Manual controls A
on a IT system
______ controls are basically manual controls that make use of
27 some form of data or information or report produced from IT IT-Dependent controls Manual controls C
system and application.
Unauthorized
Unauthorized Temporary changes to Direct data
28 Which of the following is not a risk in IT? Temporary access B
access of data access systems or changes
programs
Information
Which of the following is not essential for the effective IT-Dependent None of the
29 Manual controls produced by Manual controls B
implementation and operation of General IT controls? controls above
Entity(IPE)
History of
Which of the following are to be considered for determining the Risk
30 Risk management Types of control Timing of test errors and D
sample size management
expectations
How does IT
Have formal IT communicate
How is the Are the
Are the employees policies and and collaborate
31 Find the odd one out in the IT Governance Review Checklist? department employees D
trained procedures been with other
organised trained
defined business
functions
The objective of program changes is to ensure that modified Internal Financial None of the
32 Financial reporting Both A & B B
systmes continue to meet _____________ objectives reporting reporting above
_____ are changes required in the existing functionality of the
33 normal change Minor change major change normal change data changes C
ERP due to a business need.
______ are changes provided by the vendor of ERP to address
patches and
34 known bugs,security or provide improvements to functionality patches and updates Minor change major change Bug fixes D
updates
to existing ERP.
_____ are high risk because they bypass the application emergency direct data patches and
35 direct data changes major changes B
controls and impact the integrity of financial data changes changes updates
36 Which is the last step in change management process? documentation change request implementation testing documentation D
_______ are provided to the IT department where the systems Approved change All change Approved None of the
37 Major changes B
analysts perform analysis and design requests requests change requests above
system database netwrok
38 A priviliged user may be a _______ All the above All the above D
administrator administrator administrator
In a security log of ERP,if the system default value is OFF it None of the
39 disabled enabled disabled not defined B
indicates the table log are _____ above
Application None of the
40 Environment controls form part of the ______ of access security Physical layer Physical layer Network layer A
layer above
Data transfer Data transfer
When a company has two or more IT systems as an interface between systems between systems
41 Both A & B Either A or B Both A & B D
,what is the risk involved? may be may be
incomplete inaccurate
accuracy of completeness of the validity of

42 The objecive of AAC's are to ensure______ All the above All the above D
data data the transactions
_______ controls come along with the implemented ERP and
43 Inherent Inherent configurable security embedded A
also called as Input control
operation design control communicating
44 ________ may not prevent or detect misstatements design deficiency B
deficiency deficiency deficiency deficiency
As per ________,communicating deficiencies in internal contol
to those charged with governance and management makes it
45 SA 265 SA 315 SA 330 SA 265 SA 300 C
necessary for the auditor to communicate control deficiencies to
the management.
______ controls are implemented by the company at the time of
46 configurable Inherent configurable security embedded B
installing the ERP
47 _____ controls are also known as processing controls Both B & C Inherent configurable embedded Both B & C D
Which of the following are some basic controls in inherent depreciation discount None of the
48 Debit=Credit Debit=Credit A
controls? calculation calculation above
If the GITC's are found to be ineffective,then the auditor will
None of the
49 have to test the auomated controls _______ Balance sheet date on on closer to the Either A or B A
above
to support the opinion on internal financial controls
Do the auditor will have to mention if the deficiencies were
50 yes yes no A
present in the prior periods of audit?
to look into the to look into the
One commonly preferred method for testing design a walkthrough of the a walkthrough None of the
51 process process flow C
effectiveness is control of the control above
narratives diagrams
Entity Auditor to
Personnel to Auditor to test a perform
52 IPE is used by All the above All the above D
perform a relevant control substantive
relevant control procedures
53 The IPE can be in ___ forms 2 2 3 4 1 A
54 How many types of reports can be extracted from ERP systems 3 1 2 3 4 C
These are reports that are available at the time of Standard Customised Database None of the
55 Standard Reports A
implementation of the ERP systems by the entity Reports Reports Queries above
These reports are created by the entities with respect to their Standard Customised Database None of the
56 Customised Reports B
businesses, revenue streams, divisions etc. Reports Reports Queries above
________ are used to retrieve information or data from a Standard Customised Database None of the
57 Database Queries C
database in a readable format using a SELECT statement Reports Reports Queries above
Standard Customised Database None of the
58 These reports are inbuilt into the systems Standard Reports A
Reports Reports Queries above
ERP comes with a set of reports that can be used as is, if the
59 company has implemented the ERP without too many TRUE TRUE FALSE A
modifications
Cash flow statement is one of the examples of Database None of the
60 Standard Standard Customised A
_________________ reports Queries above
In ___________ reports, the company has followed their own
Standard Customised Database None of the
61 pattern or code for Chart of Accounts (CoA), Vendors, Customised Reports B
Reports Reports Queries above
Customers etc.
______________ can be used to extract payroll information Standard Customised Database None of the
such as leaves available per employee Reports Reports Queries above
Which of the following is not an element for determining the Report
63 Functions Source Data Report Logic Functions D
testing strategy for reports Parameters
Accuracy of Completeness of Accuracy of
64 Validation of Reports includes All the above All the above D
Logic Data Data
The Auditor has to check the ____________ of the data before
65 planning to understand the types of reports and the procedure integrity consistency integrity independency redundancy B
to validate them
Controls in
Controls in
The auditor may limit the test procedures to validate / test the Business
66 Both A and B GITC are Both A and B Either A or B C
reports when ________________ Processes are
effectuve
effective
Which of the folowing indicative commands will be used by the
67 All the above se16 se16n sa38 All the above D
company in SAP to generate reports?
In case of a standard report, the creator/modifier of the report finance
68 vendor vendor company IT personnel A
would be the _____________ controller
The evidence of the creator/modifier of the report can be found change
69 change management alert file backup B
in _________________ logs management
During 1st year of audit of the entity, after ensuring the
creator/modifier value of the report, the auditor needs to then controls, controls, completeness, accuracy,
70 completeness, accuracy C
understand and test the _____________ and ______________ of compliance efficiency accuracy impact
the report
During subsequent years of the audit, when GITCs and relevant

no further reliance can be
Business process controls are tested & effective, and there is no None of the
71 Both A and B testing need to placed on the Both A and B C
change in the creator/modifier value of the standard reports, above
be done report
what need to be done by the auditor?
relied upon by
relied upon by the used by the auditors
for compliance
72 Why to test the reports by the auditors? auditors during the management to during the All the above C
purposes
course of the audit make decisions course of the
audit
adopt
adopt appropriate appropriate adopt
In quarterly review of aging analysis, when report logic is controls based and controls based substantive None of the
73 Either A or B A
working correctly, what is the next step to be done? substantive audit and substantive audit above
procedures audit procedures
procedures
These reports are created by the business/IT persons in the Customised Database Standard
74 Customised Reports Other tools A
company for their use and reporting requirements Reports Queries Reports
The procedure to test the completeness and accuracy of the Standard customized
75 customized reports Both A and B Either A or B B
reports have to be performed every year in ________________ Reports reports
While testing for users who have access to create/modify the
technical
76 custom report, the auditor will have to verify whether the users authorised users end users authorised users programmers B
consultant
are __________
appropriate appropriate appropriate appropriate
If any change to the custom report has happened in the year of appropriate approvals code change date of change approvals report output
77 C
audit, then _____________ should be verified should be should be should be should be
verified verified verified verified
These reports are extracted on ad hoc basis or on as and when Standard Customised Database None of the
basis Reports Reports Queries above
These reports have a high probability of the data being Database Standard None of the
79 Database Queries Custom Reports A
manipulated after creation Queries Reports above
controls in all controls are
controls are ineffective there are no
The auditor cannot rely on just one sample to test the domains of ineffective in all
80 in all domains of relevant C
completeness and accuracy assertions of the report when GITC's are domains of
GITC's deficiencies
effective GITC's
Inclusion of
New ERP
81 The criteria to be used to decide timing of report testing All the above Period and Company Policy All the above D
implementation
Entries
Appropriate
When GITC's are effective, the auditor needs to follow which One Sample in each One Sample in None of the
82 One Sample substantive B
sampling procedure to test a report Scenario each Scenario above
procedures
When there are deficiencies in the reports/IPE that have been
83 2 types 1 type 2 types 3 types 4 types B
tested, the errors at a minimum may be of _______
____________ is when a user has the ability to perform critical Authorized
84 Sensitive Access Role Responsibility Sensitive Access D
business activities in an ERP Access
The users who have the business activities that carry a higher
Authorized
85 risk and could have wider impact onoperations are said to have Sensitive Access Sensitive Access Responsibility Role A
Access
_____________
__________ refers to the separation or distribution of job roles

Segregation of
86 among employees in such a way that incompatible or conflicting Segregation of Duties Sensitive Access Roles Profiles B
Duties
job roles are assigned to different persons
___________ are typically regular employees who carry out

87 All the above Normal Users End Users Business Users All the above D
day-to-day business operations and transactions using the ERP
________ users are internally used within the ERP to perform
88 System Users Normal Users System Users End Users Business Users B
automated operations and transactions
These are a type of super users who have very extensive or
Previleged
89 unlimited access to carry out all or several activities in an ERP Previleged Users Normal Users System Users Business Users C
Users
environment
These are the users that come packaged along with the ERP Previleged
90 Default Users Normal Users System Users Default Users D
software Users
_________ represent a title, position, designation or function,
Previleged
91 place or region within a company and do not represent an Generic Users System Users Generic Users Default Users C
Users
individual or person
Temporary
92 These are users who are given user id for a limited time period Temporary Users System Users Generic Users Default Users B
Users
Temporary
93 These are users who do not belong to the company External Users System Users Generic Users External Users D
Users
94 Users access to ERP is based on _______ of respective users Both A and B Job Roles Responsibilities Either A or B Both A and B D
The relationship between ERP Roles and Users is
95 Many to Many One to Many Many to One Many to Many One to One C
__________________
___________ are access control features in an ERP that enable None of the
96 Both A and B Roles Profile Both A and B C
grouping of several related access rights in to a form above
Roles offer an easy to understand, fast and reliable way to
None of the
97 manage user access to an ERP. This feature is known as RBAC RBAC RBFC RBOC A
above
____________
None of the
98 A ________ represents a high-level grouping Role User Role Profile B
above
A _________ is the more granular internal technical grouping
99 of authorisations, permissions and access rights winin the ERP Profile User Profile Either A or B Both A and B B
based on the input derived from the Role
Segregation of duties can be implemented as _____________ None of the
100 Either A or B Preventive Detective Either A or B C
control above
Tool used in implementing and review of segregation of duties
101 All the above SAP GRC Oracle GRC BIZRights All the above D
and sensitive access
Auditing standards require auditors to obtain the evidence for full period of None of the
102 full period of audit point-in-time Either A or B B
_________ audit above
IT dependent application None of the
103 User access controls are like ________ in an ERP environment application controls GITCs C
should evaluate
should evaluate the should report the impact of
When an auditor found deficiencies in User Access Controls, the ignore the record the
104 impact of these deficiency to these D
auditor __________________ deficiency deficiency
deficiencies on the audit management deficiencies on
the audit
The auditor should first gain and understand the ___________

Business
105 before auditing segregation of duties and sensitive access in an Both A and B IT Environment Both A and B Either A or B C
Environment
ERP
106 ______ make it easy to manage user access to an ERP Role Role Profile SA SOD A
Reliability of user access controls in an ERP depend on IT dependent application None of the
107 GITCs GITCs A
effectiveness of __________________ controls controls above
Business rules for implementing segregation of duties should be
108 Company Auditor Company IT Consultant Government B
defined by the ________
Business
109 Which of the following is an example of Generic Users? Sales User Auditors Consultants Sales User C
Partners
Business
110 Which of the following is an example of External Users? Business Partners Auditors Support Users Sales User D
Partners
111 Which of the following is an example of Temporary Users? Auditors Auditors Vendors Sales User Customers A
SAP the purchase and inventory processes are provided in the Procurement Inventory Materials Accounts
112 Materials Management C
module known as____________. Management Management Management Management
____________Where the IT infrastructure including operating
Non-Technical Technical Non-Data
113 system,database,Network or hardware are changed but not Technical Migration Data Migration B
Migration Migration Migration
change in version or functioning of ERP.
The Key Phases in any ERP migration project will consist of Data Data Data
114 Data Conversion Data Migration A
planning,system design,________,Testing and Go Live. Conversion Convergence Configuration
In-House
115 Which of the following is example of an ERP All of the above SAP Oracle R12 All of the above D
Developed
Which of the following activity is part of the system design Allocation of Mock
116 Configuration Configuration All of the above B
phase of a migration Budget Conversion
Allocation of Mock
117 __________ happens in Planning Phase. Allocation of Budget Configuration All of the above A
Budget Conversion
Allocation of Mock
118 ________is part of Data conversion phase. Mock Conversion Configuration All of the above C
Budget Conversion
119 How many Phases are there in data migration strategy 5 4 5 6 7 B
__________ In this phase of migration the objectives of Data
120 Planning System Design Planning Testing C
migration and the migration strategy are defined. Conversion
At which phase of the migration would rollback procedures be Data Migration
121 Go-Live Planning Go-Live C
triggered,if necessary Conversion Testing
Data Migration
122 Rollback procedure are defined in the ____________ phase. Planning Planning Go-Live B
Conversion Testing
User access and
Which of the following require specific considerations during a
123 All of the above segregation of Open items Master data All of the above D
migration.
duties
During pre-
implementation When reviewing
None of the
124 Where would auditors review migration process and controls. Both A& B /Post- general IT Both A& B C
above
implementation Controls
reivews
___________ should be prepared and maintained for all phases Allocation of Technical
125 Documentation Documentation Configuration A
of migration Budget Migration
In Oracle the purchase and inventory processes are provided in Procurement & Procurement & Material & Migration and None of the
126 A
the __________ module Inventory Inventory Inventory Inventory above
_________ can be used for implementation of a completely new Microsoft
127 QuickBooks QuickBooks Open Bravo All of the above A
accounting system. Dynamics
Information Information Information
Reports and system generated data IPE i.e._________________
128 0 processed by planned by projected by D
could change.
entity entity entity
___________phase of migration process prepares including the Data
129 System Design System Design Planning Go-Live B
process flows,data flows and business process re-engineering. Conversion
__________ phase of migration involves identification of source Data
130 Data Conversion System Design Planning Go-Live A
data,mapping between source and target system Conversion
Intermediary data stores called ____ areas are used to hold Data Mock
131 Staging Integrity Staging C
convert and transfer data. Conversion Conversion
In __________ phase integrity checks are done to ensure Data
132 Data Conversion Sysmen Design Planning Go-Live A
completeness and accuracy of data. Conversion
_____________ are carried out iteratively to rectify errors and Data Mock
133 Mock Conversion Planning Sysmen Design D
data inconsistencies. Conversion Conversion
In ______ phase scenarios and scripts are prepared for the new Data
134 Testing System Design Testing Go-Live B
system. Conversion
A_______________ project provides an opportunity to review
135 and carry forward only the relevant data and discard obsolete Migration Technical Functional Migration Accounts C
data.
The auditor may consider using the work performed by internal
136 SA 610 SA 630 SA 330 SA 310 SA 610 D
auditors in accordance with guidance given in __________
137 How many types of journal entries are there ? 3 3 2 5 4 A
_________transactions pertaining to sales, purchases,
inventory, rent, audit fees, AMC Standard Non Standard Top Down
138 Standard Entries Top up Entries A
expenses, salaries etc. are subject to internal controls as defined Entries Entries Entries
by the company.
_________these entities record nonrecurring,unusual Standard Non Standard Top Down
139 Non Standard Entries Top up Entries B
transactions or adjustment entries in the ERP’s. Entries Entries Entries
__________These entries may not be subject to the same level
Standard Non Standard Top Down
140 of rigour of the internal controls or may not have passed Non Standard Entries Top up Entries B
Entries Entries Entries
through any controls at all.
_____________are residing outside the books – for example in Standard Non Standard Top Down
141 Top up Entries Top up Entries C
excel sheets etc. and may impact the financial statements. Entries Entries Entries
If the journal entries are passed using a specific journal type Material
Manual Journal Missing Journal Match Journal Manual Journal
142 then a list of such entries can be extracted from the system. For Journal D
Vouchers Vouchers Vouchers Vouchers
example, journal types could be MJV i.e._____________ Vouchers
ERP/application should have ________ many fields and the

143 company must be entering data in these fields for them to be 17 17 18 19 20 A
extracted.
_________ the entries passed during the year to the balances in

144 the Trial Balance. The auditor may use ACL/IDEA Roll forward Roll Down Roll forward Roll Back Roll up B
Caseware/MS Access/Excel to perform __________ testing
Using tools such as ______, IDEA Caseware, MS Access, Excel

145 ACL ACL ADL ABL AGL A
etc., the auditor can test the data for completeness
__________ can also help in finding out if there are duplicate
146 All of the above ACL Ms Access CAAT All of the above D
journal numbers used.
147 ______Accounts that are used very infrequently. Seldom Unusual Intercompany Seldom Non General C
Non Standard Journal Non Stimulated Non Standard Non Sensitive Non Segregated
148 What is the expansion of NSJE__________ B
Entries Journal Entries Journal Entries Journal Entries Journal Entries
The unusual, non-recurring transactions may generally be None of the
149 General Ledger Sub ledgers General Ledger Excel sheets B
directly entered in_________ above
Standard Non Standard None of the
150 Estimates, impairments are generally a type of__________ Non Standard journals Top up journals C
Journals journals above
SA/SOD among Timing of
While understanding the IT/ERP systems used to record Automated or
151 All of the above IT and Business passing the All of the above D
entries, the points to note are___________ Manual entries
teams entries
Personal gain Debts

Some of the fraud risk factors to note which may lead to
152 All of the above Sales Targets such as Bonus, requirements All of the above D
unusual transactions are_____
incentives etc. for banks etc.
A key factor to be kept in mind while making enquiries of Ask open ended Ask close ended No discussions Ask open ended None of the
153 C
personnel are_______ questions questions required questions above
Risk of
Risk of lack of
Risk of Material Risk of Material management Risk of lack of
154 Which is the main risk due to Non Standard Journal entries: segregation of A
misstatement misstatement override of sensitive access
duties.
controls
__________are entries that may be passed as a result of fraud.
155 Hence, this is the main risk. Another risk can also be risk of NSJE NSJE NSVE NSUE NSWE A
management override of controls.
It is possible that a Non-standard journal entry may not have None of the
156 Printed Non-Printed Printed All of the above B
relevant ____________ supporting. above
In industries/sectors, where volume of data is huge,
157 ________________ testing may not be an appropriate way of Roll forward Roll Down Roll forward Roll Back Roll up B
testing completeness of data.
______________ to be achieved may be a key fraud risk factor
Purchase Marketing Operational
158 from an investor/ stock holder perspective leading to Non- Sales Targets Sales Targets C
Targets Targets Target
standard journal entries.
_____________ to be achieved may be a key fraud risk factor Non-Debt Monetary Non-Monetary Debt
159 Debt Requirements D
from a bank/financial institution perspective. Requirements Requirements Requirements Requirements
To bring in efficiencies in the process of extraction and analysis Developer Software Hardware
160 Software Scripts Testing Scripts B
of JE data, the auditor may use ____________ Scripts Scripts Scripts
Automated Automated Automated Automated
Automated command
161 What is the expansion of ACL__________ command control corrected computer A
language
language language language language
To perform un-matched Query, minimum required tables/fields
162 two one two three four B
are
Which of the follwing wild card character is to be represent
163 * + - & * D
more than 1 characters
164 Which of the following symbol is used to write a sub query () [] () {} # B
165 The Sub query must always be written as a SQL Statement TRUE FALSE TRUE B
The where clause can be used in both aggregate and non-
166 TRUE TRUE FALSE A
aggregate query
167 Having clause is used in the aggregate query TRUE FALSE TRUE B
If the sub query is returning more than 1 row, which operator Any one of the None of the
168 Any one of the above IN ANY C
should be sued above above
169 Which of the following is an aggregate function All of the Above Sum() AVG() Count() All of the Above D
170 How many different joins available In Access Databse 3 1 3 2 4 B
In MS-Access, forms help to display, add, modify and delete
data
In Access form, un-bound coltrols are linked with any field of
172 FALSE TRUE FALSE B
Table/Query
173 In MS-Access, data can be edited in Reports FALSE FALSE TRUE A
Non of the
174 In MS-Access, Report Header is used to print information in Report Header Page Header Report Header All of the Above B
above
Non of the
175 In MS-Access, Page Header is used to print information in Page Header Page Header Report Header All of the Above A
above
parameter
176 A _______________ is a query nested inside another query sub-query select query sub-query group by query C
query
___________________ will return the records from the first Find matched Find unmatched Find unique Find duplicate
177 Find unmatched query B
table which do not have matching values in second table query query query query
other sub
178 Sub queries can be used within ______________________ All of the above select query action query All of the above D
queries
Sub queries in select statement can be the part of Where clause
or Having clause in Group By query
The queries that can be used for obtaining the aggregated
Find unmatched Find duplicate Group By Parameter
180 results instead of individual records are known as Group By queries C
queries queries queries queries
_______________
A _______________ can be considered as a modified form of
181 Pivot Table Datasheet form Pivot Table Pivot Chart Multiple items B
Crosstab queries
182 Pivot Chart helps visualize a ____________________ All of the above Pivot Table Query Form All of the above D
183 Joins created in a _______ are temporary Query Table Query Either A or B Both A and B B
The __________________ query returns all of the rows from
Right Outer
184 left table, and also those rows from the right table that share a Left Outer Join Left Outer Join Inner Join Cross Join A
Join
common value on both sides of the join
Access query result is not restricted to the table fields but can
Unbounded Calculated Expression
185 display many other computed columns known as Calculated Fields Bounded Fields C
Fields Fields Fields
_________________
Memory None of the
186 Unbound controls are also known as ____________________ Either A or B Variables Either A or B C
Variables above
Computed results may be bounded to some field in the table or
may be unbounded
A _______________ is a compact method of presenting a list of
188 Combo box Option Button Check Box Tab Control Combo box D
choices and allows user to enter a value that is not in the list
________ controls are usually graphical objects that do not
189 operate as standalone solutions, and they run only in the Active X Add-in Plug-in Com Add-in Active X D
Windows environment
___________ controls are useful for presenting grouped
190 Tab List Box Tab Calendar Combo Box B
information that can be assembled by category
___________ can be created in forms to display a summary of Form with Sub
191 Pivot Table Pivot Table Linked form Split form A
data form
192 ______________ represents the data in a graphical form Pivot Chart Pivot Table Pivot Chart Multiple Items Modal Dialog B
The calculated values in reports are added using a
193 Text Box Label box Text Box List Box Combo box B
_____________ and specifying an expression
The calculated values in queries are displayed as _______ in
194 Fields Data Variables Fields Values C
reports which use them
______________ is a report that is inserted into another report Unbound
195 Sub-Report Bound Report Child Report Sub-Report D
called the Main report Report
An ___________ is not based on a table or query, but can serve Bound main Unbound main None of the
196 Unbound main report Main report B
as a container for one or more sub-reports report report above
197 _________ are a way of communicating database information Reports Tables Queries Forms Reports D
The best way to display the summary report is to create _____
198 Charts Pivot Table Queries Charts Sub-Report C
to represent the data
The multiple columns for the report can be set using the Report Page
199 Report Page Setup Report Wizard Report Report Print A
___________ property Setup
The report event _______________ can be used to cancel the
200 On No Data On Print Cancel Print Cancel Event On No Data D
printing of report when no data is returned
Tables & Forms &
201 Expressions can be used with ____________________ All the above Macros All the above D
Queries Reports
202 An ___________ is a value on which a calculation is performed Operand Operator Operand Expression Paranthesis B
203 Operands can be _____________ All of the above literals identifiers functions All of the above D
204 Literals are also referred as ______________ Constants Identifiers Operators Constants Operands C
205 Identifiers are ________________ Variables Variables Operators Constants Operands A
0 or any number a single a set of
206 [XYZ] denotes __________ in LIKE Operator a set of characters a single digit C
of characters character characters
The BETWEEN operator cannot be used with ______________ Either A or B or
207 Text Numeric Text Date B
datatype C
Comparison Arithmetic Miscellaneous Boolean
208 Logical Operators are also known as ___________________ Boolean Operators D
Operators Operators Operators Operators
______________ are used to override the default order of Operator None of the
209 Parentheses Orders Parentheses C
precedence Precedence above
Expression
210 A text box in which expressions are written Expression Box Code Builder Macro Builder Expression Box C
Elements
Among +, <>, MOD, AND operator which operator has the
211 MOD + MOD AND <> B
highest priority
A _________ allows you to automate tasks and add
212 Macro Function Expression Macro Module C
functionality to your forms, reports, and controls
In Access, ___________ can be considered as a simplified
213 Macros Expressions Macros Modules Switchboard B
version of VBA programming
MS Access 2010 provides a _________ that contained large list
Action Catalog
214 of actions to be chosen, enabling a wide range of commands that Action Catalog Pane Task Pane Navigation Pane Action Pane C
Pane
can be performed
Macros can automate responses to many types of __________ Either A or B or
215 events events queries controls A
without using a programming language C
The Where condition is applicable as an argument for the OpenForm, OpenTable, OpenTable, OpenQuery, OpenForm,
216 D
macro actions __________ and ___________ OpenReport OpenQuery OpenForm OpenReport OpenReport
____________ provide a good flexibility to place complex
217 Macros Query Advanced Filter Macros Switchboard C
validation
A ______________ is a Microsoft Office Access 2010 form that
Tabbed None of the
218 facilitates navigation in Access and access to different parts of Switchboard Navigation Pane Switchboard B
Windows above
an application
_______________ forms are an invaluable way to keep users
219 Switchboard Switchboard Split Columnar Pivot Table A
focused on using the database as intended
Switchboard Manager only allows a maximum of ____________
220 8 6 7 8 9 C
command buttons on a switchboard
Open Form in Edit Mode allows any record to be
221 Both A and B added edited Either A or B Both A and B D
_______________
Displaying the ______________ at startup helps to implement a
None of the
222 level of security by hiding the key elements of the interface from Switchboard Switchboard Login Form Password A
above
the user
When same table is being used for the main query and sub- None of the
223 aliases prefix aliases suffix B
query, it is mandatory to provide __________ to the tables above
The _______ option creates a query that reports which records
Unmatched Duplicate Crosstab Group by
224 in a table are duplicated by matching one or more fields in the Duplicate Queries B
Queries Queries Queries queries
table
To calculate the count of orders placed for each product and
Pivot Table
225 arrange them in descending order of the counts, which query Total Query Sub Query Crosstab Query Total Query C
Query
should be created?
A criterion in Total queries can be created against Non-Aggregate
226 All the above Group By Aggregate Total All the above D
___________ fields Total
For the Non-Aggregate Total field, the criteria can only be
227 where where group by having order by A
specified using the ______ clause
For Group By and Aggregate Total, criteria can be mentioned
using Criteria tab of Query Design window
This is a special type of query that can be created to describe Unmatched
229 Crosstab Query Sub Query Totals Query Crosstab Query C
one numerical quantity in terms of two other fields Query
Yes, include
This option allows the inclusion of the grand total of values in Yes, include Yes, include row Yes, include
230 Yes, include row sums column grand B
the row as a column in the query result column sums sums Grand Total
total
A _______________ is a view in Access Queries that allows
231 Pivot Table Crosstab Query Totals Query Pivot Chart Pivot Table D
summarising and examining data in a datasheet form
Expansion Expansion EXtensible EXtensible
EXtensible Markup
232 XML stands for_________ Markup Makeup Markup Makeup C
Language
Language Language Language Language
233 XML is a ___________ Recommendation W3C W3C W1C W2C W4C A
234 XML is a language that’s very similar to ____________ HTML C HTML C++ JAVA B
235 XML Tag names are not case sensitive. 0 TRUE FALSE C
Document Type Document Type Data Type
236 DTD stands for ___________ Direct to Direct Data to Data B
Definition Definition Definition
237 XML Tools would be available in Add-Ins Add-Ins Developer Data Review A
238 XML data file extension is (.xml) (.xsd) (.xml) (.mlx) (.xlm) B
239 XML group available in____________Tab. Developer Review Add-Ins Developer Data C
240 XML tags are predefined FALSE TRUE FALSE B
241 Schema files extension is __________________. (.xsd) (.xml) (.xsd) (.xlm) (.mlx) B
Visual Basic for Visual Basic for Visual Basic for Visual Basic for Visual Basic for
242 VBA stands for_______________ A
Application Application Applets Apple Auto Mobile
243 Macro written in___________ Visual Basic Java Visual Basic V++ C++ B
244 Macro enabled workbook file extension is ___________ . .xlsm .xlsx .xlsm .xlsv .xlsw B
Analysis of Analysis of Analog of Analysis of
245 ANOVA stands for___________ Analysis of Variance D
Value Varity Variance Variance
246 _______function doesn’t require an argument. TODAY() DATE() TODAY() MONTH() YEAR() B
For calculation For calculation For calculation

For calculation
For calculation of of depreciation of depreciation of depreciation
of depreciation
247 SLN function is used _________________ depreciation as per as per Sum of as per Variable as per Double B
as per Straight
Straight Line Method. Years’ Digit Declining Declining
Line Method.
Method Balance Method Balance Method
For calculation For calculation For calculation

For calculation
For calculation of of depreciation of depreciation of depreciation
of depreciation
248 SYD function is used ______________________. depreciation as per Sum as per Sum of as per Variable as per Double A
as per Straight
of Years’ Digit Method Years’ Digit Declining Declining
Line Method.
Method Balance Method Balance Method
For calculation For calculation

For calculation of For calculation For calculation
of depreciation of depreciation
depreciation as per of depreciation of depreciation
249 DB function is used ______________________. as per Sum of as per Double C
Declining as per Straight as per Declining
Years’ Digit Declining
BalanceMethod. Line Method. BalanceMethod.
Method Balance Method
calculate calculate
calculate calculate
calculate depreciation depreciation as depreciation as
depreciation as depreciation as
250 DDB is used to _______________ as per Double Declining per Sum of per Double D
per Straight per Declining
Balance Method Years’ Digit Declining
Line Method. BalanceMethod.
Method Balance Method
calculate For calculation
calculate depreciation For calculation For calculation
depreciation as of depreciation
as per Variable of depreciation of depreciation
251 VDB function is used ______________________. per Variable as per Double A
Declining Balance as per Straight as per Declining
Declining Declining
Method Line Method. BalanceMethod.
Balance Method Balance Method
Point Volume Point Varaiance Profit Volume Profit Variance

252 PV Ratio stands for _______________________ Profit Volume Ratio C
Ratio Ratio Ratio Ratio
Balance sheet Break Even Balance sheet Break Equal
253 BEP stands for __________________________ Break Even Point B
Even Point Point Equal Point Point
Excel provides a readymade template for preparation of
personal monthly budget
255 Discounting Factor formula is ___________________ = 1 / (1+r) ^ n = n / (1+a) - r = 1 + (1/r) * n = 1 / (1+a) ^ 2 = 1 / (1+r) ^ n D
256 In excel-Protect sheet option, Password is not optional. FALSE TRUE FALSE B
257 In which tab, Data Validation is available? Data Formulas Insert Data Developer C
Which of the following function categorie is not available in
258 Trignometrical Statistical Engineering Math & Trig Trignometrical D
excel
____________ is the area under the normal curve that is outside Region of Region of None of the
259 Region of uncertainty Region of curve A
of the region of certinty uncertainty certainty Above
260 Normally bank transactions are also considered in cash budget. TRUE TRUE FALSE A
planning for planning for planning for planning for
261 Budget stands for _______________________ planning for future. B
Expenditure. future. Event. Meeting.
________________ is considered as non cash expenditure and
262 Depreciation Cash Flow Depreciation Fund flow Expenditure B
occupies a prominent place in Profit & Loss Account.
Digits of the
263 what function is used for Sum of Years’ Digits? SYD SOYD SYD None C
Year
____________ method of depreciation is one of the accelerated

depreciation techniques which are based on the assumption that Sum of the
264 Sum of the years' digits SLN DB VDB D
assets are generally more productive when they are new and years' digits
their productivity decreases as they become old.
declining
265 _______method uses a fixed rate to calculate depreciation declining balance VDB SYD SLN A
balance
Virtual Variable variable
variable declining
266 VDB stands for ______________ Declining Discounting declining None C
balance
Balance Balance balance
Double
Double Declining Variable Straight Line
267 The VDB function uses the______ method by default. Declining Costing Method A
Balance Decling Balance Method
Balance
__________ stands for change in the total cost that arises when
268 marginal cost marginal cost Fixed Cost Variable cost Contribution A
the quantity produced has an increment by unit.
269 Excel can also be used for taking decision on ___________ Marginal cost Fixed Cost Marginal cost Both A& B None B
____________ is prepared for planning for future as far as Capital
270 Cash budget Cash budget Both A& B Actual Budget B
movement of cash is concerned. Budgeting
Standard
___________ is an estimate of pupulation Standard Deviation Standard none of the
271 Standard Error Standard Error population B
from data taken from a samples Deviation above
deviation
____________ is the process of determining the present value of
Marginal Capital
272 a payment or a stream of payments that is to be received in the Discounting Discounting None C
costing Budgeting
future.
____________ is one of the core principals of finance and is the

Marginal
273 primary factor used in pricing a stream of cash flows, such as Discounting Discounting PMT None B
costing
those found in a traditional bond or annuity.
Which function is used to calculate the principal portion in
274 PPMT IPMT PPMT PMT None B
every installment
________ is a process used in statistical analysis in which a
Snowball Systematic Simple random
275 predetermined number of observations will be taken from a Sampling Sampling B
sampling sampling sampling
larger population.
In this Method, Individuals are selected at regular intervals Clustered Systematic Simple random
276 Systematic sampling Sampling C
from a list of the whole population. sampling sampling sampling
In this case each individual is chosen entirely by chance and
Simple random Snowball Convenience Systematic Simple random
277 each member of the population has an equal chance, or D
sampling sampling sampling sampling sampling
probability, of being selected.
_____________________ is the area under the normal curve Region of Region of None of the
278 None of the above Region of curve D
that corresponds to the required level of confidence. uncertainty confidence above
This method is commonly used in social sciences when Snowball Simple random
279 Snowball sampling Quota Sampling Sampling C
investigating hard to reach groups. sampling sampling
It is a process in which a business determines whether projects
Business Capital
280 such as building a new plant or investing in a long-term venture Capital Budgeting IRR NPV B
Investment Budgeting
are worth pursuing.
Popular methods of capital budgeting include payback period discounted cash internal rate of net present
281 All the above All the above D
and _________________. flow return value
_________ is the value of all future cash inflows less future cash Net present
282 Net present value Working capital IRR PMT A
outflows as on today. value
___________is the process of defining and analyzing the
Sensitivity Qualitative risk Scenario
283 dangers to individuals, businesses and government agencies Risk analysis Risk analysis B
analysis analysis analysis
posed by potential natural and human-caused adverse events.
__________ which is used more often, does not involve Qualitative risk Sensitivity Qualitative risk Scenario
284 Risk analysis C
numerical probabilities or predictions of loss. analysis analysis analysis analysis
________ are generally used to present information in a simple
285 and better way and also be used to analyse the risk in a better Charts Graphs Sparklines Both A& B Charts D
way.
It is a technique used to determine how different values of an
Decision Tree Sensitivity
286 independent variable will impact a particular dependent Sensitivity analysis Both A& B Neither A &B B
analysis analysis
variable under a given set of assumptions.
_______ involves computing different reinvestment rates for
Scenario Sensitivity Decision Tree
287 expected returns that are reinvested during the investment Scenario analysis None A
analysis analysis Analysis
horizon.
A typical value that represents all the data points is called as Arithmatic
288 Arithmatic Mean Median all the above None B
___________ Mean
__________ is a computerized mathematical technique that Personal
Finanical Monte Carlo Corporate
289 allows people to account for risk in quantitative analysis and Monte Carlo simulation Finance B
Planning simulation Planning
decision making. planning
Personal
________ is the process of meeting the financial goals through Corporate Monte Carlo Financial
290 Financial planning Finance C
the proper management of finances. planning simulation planning
planning
___________ can be defined as the process of setting the
Monte Carlo Corporate Decision Tree Sensitivity
291 procedures in the organization for achieving the predefined Corporate planning B
simulation planning analysis analysis
goals.
292 Add_in is default Tab in Excel FALSE TRUE FALSE B
293 By default all the cells in any excel sheet are locked. TRUE TRUE FALSE A
Total Number of Total Principal Total Interest Total Number
294 NPER stands for______________________________ Per value D
Periods Value Value of Periods
A __________ is a series of commands and functions that are
295 stored in a Microsoft Visual Basic module and can be run Macro Pivot Table Solver Scenario Macro D
whenever the user need to perform the task
296 Consolidate is a What-If Analysis Tool. FALSE TRUE FALSE B
Which function that is used to calculate the payment for specific none of the
297 pmt sumif pmt countif B
loan terms ____________ above
wild card none of the
298 _________ are not allowed in a macro name spaces spaces symbols A
characters above
The wizard that is used to create and edit charts pivot table convert text to
299 chart wizard chart wizard tip wizard B
_______________ wizard columns wizard
Which one of the following will be the tool that provides a way
300 to view and compare the results of all the different variations Data table. Goal seek Pivot table Solver Data table. D
together on the worksheet ?
The ______ generates a summarised report in tabular form in Scenario
301 Pivot table Data table Pivot table Solver B
an interactive manner Manager
The _________ wizard separates contents in a cell into different convert text to columns text import convert text to
302 tip wizard function wizard B
cells wizard wizard columns wizard
A cell reference that does not change during a copy operation is
303 absolute absolute relative mixed constant A
known as ________ .
What-if
304 Circle Invalid Data option is available in ____________ Data Validation Consolidate Calculate Sheet Data Validation D
Analysis
The wizard that is used to import text files text import convert text to
305 text import wizard tip wizard function wizard A
is_________________ wizard columns wizard
A ___________ is a summary of the financial position of a
Income &
306 business at a specific point in time, showing all assets, liabilities, Balance Sheet Balance Sheet Profit & Loss None A
Expenditure
and equity.
This ratio shows ability of company to pay back long term loans
Debt Assets Interest Total Fund
307 along with interest or other charges from generation of profit Interest Coverage Ratio None B
Ratio Coverage Ratio Ration
from its operations
Which ratio indicate efficiency with which company used its Return on Interest Total Fund Net Profit
308 Return on Investment A
capital ( Equity as well as debt) Investment Coverage Ratio Ration Margin Ratio
It is the simplest method of comparing different stocks at a Earnings Per Fixed Asset Price Earnings Gross Profit
309 Price Earnings Multiple C
point of time to make investment decisions share Over ratio Multiple Ratio
Du Point Return on Profitability
310 ________helps to break down the Return on Equity Du Point Analysis None A
Analysis Investment Ration
_______ is a common method for financing property, facilities,
311 Leasing Mortagage Leasing Rent All the above B
and equipment.
None of the
312 xml schema file extention is _______ .xsd .xml .xmd .xsd C
Above
313 In hypothesis test, when we can reject the H0(Null Hypothesis) p-value<= a p-value> a p-value>=a p-value< a p-value<= a D
In Hypothesis test, when we can reject the H1 (alternate Test statistic < critical Test statistic >= Test statistic Test statistic <
314 p-value<= a C
hypothesis) value critical value <=critical value critical value
A product is purchased for Rs 400000, the salvage value of the
product is 50000 after 10 years. Now I want to findout the VDB(400000,50000,10, VDB(400000,50 VDB(400000,50 VDB(50000,400 VDB(50000,400
315 A
depreciation value of first 4 years. In the given following which 1,4) 000,10,1,4) 000,1,4) 000,10,4) 000,10,1,4)
would be the currect function.
316 In VDB function what is the "factor" if it is omitted? 2 4 1 3 2 D
when the stright
line
depreciation is "no_switch"
When VDB function calculate the depreciation by using Stright
317 Both A and B greater than the argument is Both A and B either A or B C
line method?
declining 'FALSE'
balance
calculation.
A machine was purchased for Rs.1000000 in EMI at 8%

PMT(8%,5,- PMT(8%/12,60, PMT(8%,60,-
interest rate. Planned to repay the loan in 5 Years. In total cost PMT(8%/12,60,100000 PMT(8%,60,10
318 1000000,100000 1000000,- 1000000,100000 C
Rs.100000 paid at the time of purchase . What is the correct 0,-100000,1) 00000,100000,0)
,1) 100000,1) ,0)
function to calculate the monthly installment amount.
A businessman planned to get a loan Rs.1800000. If he get a

loan at 8% interest for 6 years, Monthly Installment will be
scenario None of the
319 Rs.31599.83. he calculate the same for various interest rates Data Table Goal seek Data Table C
manager Above
and loan repayment periods. Which Excel option will you
suggest to him to make it easy.
In Data table, at a time how many arguments maximum can be

320 2 3 1 4 2 D
used for analysis?
In a business, Intial cost of investment one year from today is

Rs.10000, return from 1st yeare is 3000, from 2nd year Rs.4200 NPV(10%,1000 NPV(10,-10000,- NPV(10%,- NPV(10%,-
NPV(10%,-
321 and from third year Rs.6800. Annual discount rate is 10%. 0,3000,4200,680 3000,-4200,- 10000,6800,420 10000,3000,420 D
10000,3000,4200,6800)
Then to find Net Present Value of this investment what would 0) 6800) 0,3000) 0,6800)
be the correct function in the given following?
322 ______ file cannot be easily converted into Excel PDF XML CSV PDF TEXT C
______ function is used to calculate the present values of all
323 NPV FV PV NPV IRR C
future cashflows.
324 _____ is the rate of discounting at which NPV=0 IRR FV PV NPV IRR D
If Guess parameter is not specified by the user in IRR,Excel
325 0.1 0.09 0.14 0.1 0.13 C
assumes it to be ___
In case if the cash flows occur unevenly,then we may use ____ None of the
326 XNPV & XIRR PV & IRR XNPV & XIRR NPV & IRR B
and ____ in excel above
_____ Function is used for calculating depreciation as per None of the
327 DB SLN DB All the Above B
Written Down Value Method above
_______ Function can be used while verifying depreciation None of the
328 DB DB SLN All the Above A
expense claimed by the auditee above
None of the
329 _____ Function is used for calculationg maturity dates None of the above Date Month NetworkDays D
above
In EOMONTH() , if the second argument(months) is defined as None of the
330 after 2 months before 2 months after 2 months #N/A B
2 it will yield month end date ______ above
Will the EOMONTH() will take the leap year factor into
331 YES YES NO A
account?
EDATE() returns the date with the _____ which is specified None of the
332 same day Next day previous day same day C
number of months before and after the start date. above
EDATE() can be used to derive schedule of dates at
333 equal unequal equal Either A or B Neither A or B B
_____intervals
Which of these is/are mandatory arguments in
334 Both A & B start date end date Either A or B Both A & B D
NETWORKDAYS()?
excluding including
In NETWORKDAYS(), holidays argument will contain the excluding Saturday & None of the
335 Saturday & Saturday & A
holidays list______ Sunday above
Sunday Sunday
Which of these function can be used,If we had to calculate the
NETWORKDA NETWORK.IN NETWORK.IN None of the
336 working days where the weekends are treated as Friday and None of the above D
YS() T() TR() above
Saturday?
None of the
337 The output of WORKDAY() will be a ______ Date Number Date Number or Date B
above
In WORKDAY(),if we want to go backwards and derive a date None of the
338 Negative Zero Positive Negative C
in the past,then we must specify days as_____ above
If you wish to obtain the days remaining after casting out None of the
339 MOD() QUOTIENT() MOD() Either A or B B
completed weeks,then which of these function can be used? above
If you wish to obtain the completed weeks,then which of these None of the
340 QUOTIENT() QUOTIENT() MOD() Either A or B A
function can be used? above
Which of these operator can be used for joining two or more
341 ampersand comma ampersand space hash B
text strings together?
342 Can we perform a non case-sensitive comparison? YES YES NO A
343 _____searches for a value in first column of data/table array Vlookup Hlookup Vlookup Match Index B
In VLOOKUP(),the search of the lookup value is performed in
344 Left Left Right Either A or B Neither A or B A
the ____ most colum of the table array
The search is The column
Lookup value is always index number All the four
All the four arguments
the value which performed in should be the arguments are
345 Which of these is incorrect with respect to VLOOKUP()? are mandatory D
is to be searched the leftmost relative position mandatory
arguments
in table array column of the of the respect arguments
tavle array column
In VLOOKUP(),if the lookup_value being searched in a APPROXIMATE EXACT APPROXIMAT

346 Either A or B Neither A or B B
slab/range of numbers then_____should be used MATCH MATCH E MATCH
While using Approximate match type in VLOOKUP(),the table descending
347 ascending order ascending order Either A or B Neither A or B A
should be sorted in ______ on the basis of the leftmost column. order
col_index_numb row_index_num
348 Which of these is not an argument in HLOOKUP()? Both A & B lookup_array Both A & B D
er ber
______function returns the value or reference at the
349 Index Hlookup Vlookup Match Index D
intersection of a specified row and column,from an array.
None of the
350 Which of the following is an optional argument in MATCH()? match type Lookup value lookup array match type C
above
multiple rows or
Only one one row or one
351 Lookup array means you can select ______ one row or one column Only one row multiple C
column column
columns
If we need to perform right to left lookup in a table,then _____
352 Both A or B INDEX() MATCH() Both A or B Either A or B C
can be used
The processing
requirement is
Which of the following is not an advantage of Index match It performs left to right It performs left It can also be It avoids data
353 lower as A
combination? lookup to right lookup used as Hlookup redundancy
compared to
Vlookup
354 _____ returns the reference specified by a text INDIRECT() INDEX() MATCH() INDIRECT() All the above C
355 IFERROR() is a brilliant function introduced in Excel _____ 2007 2010 2007 2013 2003 B
In IFERROR(),value if error argument will be executed if value
356 #VALUE? #REF! #VALUE? #N/A #DIV/0! B
argument generates _____
None of the
357 Countblank function is the reverse of _____function COUNTA() COUNTA() COUNTIFS() COUNTIF() A
above
where data
Countblank could be used in detectinig cells which have None of the
358 Both A & B remained blank entry is Both A & B C
inadverently _________ above
incomplete
_____ function returns the kth largest number from a list of None of the
359 LARGE MAX LARGE Either A or B B
numbers. above
Which of these helps us to understand the interelationship Trace Trace
360 Both A & B Either A or B Both A & B D
between the cells Precedents Dependents
If the cell is deleted without bothering about tracing its None of the
361 #REF! #NAME? #N/A #REF! C
dependents,then the resultant cell will carry _______ error above
Trace Trace
362 _____ is a dedicated tool for tracking down the errors Error Checking Go to special Error Checking D
Dependents Precedents
Error checking feature will not identify errors in the
363 logic syntax logic Either A or B Both A & B B
____behind formula construction
If we want a quick evaluation of only one of the parts of the Evaluate
364 F9 F9 Either A or B Both A & B B
formula,we can make use of ____ formula
365 Which of these operators will be executed 2nd in Excel? Exponents Brackets Addition Exponents Division C
By using Conditional Formatiing,you can hghlight cells
366 Both A & B duplicate unique Either A or B Both A & B D
containing _____values
367 Remove Duplicates is introduced in Excel___ 2007 2010 2007 2003 2013 B
368 In Excel,Using Number Filters,We cannot extract______ values Bottom 10 Top 10 Bottom 10 Above Average Below Average B
In Date Filter, all dates in the period option helps to obtain
369 All the above months quarters years All the above D
records for different____
For using Pivot tables,we need to have a dataset in ______
370 Either A or B rectagular flat Either A or B Neither A or B C
format
371 In Excel,Which of the following is not a field in Pivot Table? Filter field Report Filter Column Labels Row Labels Filter field D
Which of the following cannot be computed in value fields of
372 large large max min sum A
pivot table?
Say whether TRUE or FALSE
373 FALSE TRUE FALSE B
In Pivot table, we cannot eliminate blank cell from data section
We cannot If the number of Pivot Tables

Pivot Tables Update insert rows or records are Update
374 Which of the following is not a limitation of Pivot Table? themselves,We neednot columns in very large,Pivot themselves,We All the above C
refresh them between a Pivot table may neednot refresh
Table report respond slowly them
If we want a list of the missing invoice numbers,we can make None of the
375 VLOOKUP() VLOOKUP() MATCH() INDEX() A
use of _______ above
Dr.Mark None of the
376 Benford's law was propounded by _____ Frank Benford Frank Benford Mark Benford B
Nigrini above
377 Benford's Law is also known as law of _____digit first second first third last B
As per Benford's law,Conventional probability says that the
None of the
378 probability of a particular digit being the 1st digit of a number None of the above 0.2222 0.3333 0 D
above
is ____
Benford observed that the probability of 1st digit being 9 is the None of the
379 least highest least most probable B
____ among all digits above
Stratification involves breaking _____ data into _____ groups heterogeneous,homogen heterogeneous,h homogeneous,he humongous,hom None of the
380 A
called as strata eous omogeneous terogeneous ogeneous above
381 Which of the following is not a result of descriptive statistics? MOD MEAN MEDIAN MOD LARGE C
An _____________ is a group of people with a common goal,
382 having certain resources at its disposal to achieve the common Enterprise Company Enterprise Organization Concern B
goal
________________ include money, manpower, materials,
383 Resources Costing Production Sales Resources D
machines, technologies etc.
A _______________ is a collection of activities that make one or
Business Business Business
384 more kinds of input and creates an output that is of value to the Business Process Business Model C
Function Process Operation
customer
Information systems can be designed so that accurate and Integrated Isolated Non-Integrated Non-Isolated
Integrated Information
385 timely data are shared between functional areas. These systems Information Information Information Information A
Systems
are called _______________________________ Systems Systems Systems Systems
The approach to ERP is to first develop a

Business Business Business
386 ____________________ comprising the business processes or Business Model Business Model A
Function Process Operation
activities that are the essence of a business
The business model is represented in the graphical form using flowcharts, flow smart art, clip flowcharts, flow
387 charts, pictures graphs, shapes C
______________ and ________________ diagrams art diagrams
Online Online
Online Analytical Online Analysis None of the
388 OLAP stands for _________________ Analytical Analytical B
Processing Processing above
Processing Programming
________________ is a tool that refers to skills, processes,

Data Business Business
389 technologies, applications and practices used to facilitate better, Business Intelligence Data Modeling D
Warehousing Modeling Intelligence
accurate and quicker decision making
Integrated Decision Non-Isolated

Business Intelligence Systems are data-driven Decision Support Information
390 Information Support Information C
___________________ Systems Systems
Systems Systems Systems
___________________ technology is the process of creating and Data Business Business
391 Data Warehousing Data Modeling A
utilizing the company's historical data Warehousing Modeling Intelligence
______________ can be defined as subject-oriented,
Data Operational
392 integrated, time-variant, non-volatile collections of data used to Data Warehouses Data Models Data Mines B
Warehouses Data
support analytical decision making
________________ databases contain detailed data that is
Non- Subject-
393 needed to satisfy processing requirements but which has no Operational Operational Informational A
Operational Oriented
relevance to management or analysis
Data in the Data Warehouse is ______________, not Non-Volatile,
394 Static, Dynamic Dynamic, Static Volatile, Static Static, Dynamic D
____________ Static
Operational Optional Data Operational Optional Data
395 ODS stands for _______________________________ Operational Data Store C
Data Storage Storage Data Store Store
____________ data contains an historical perspective that is not Informational, Operational, Operational, Informational, Informational,
396 D
generally used by the _____________ systems Operational Informational Static Static Operational
Establishing a
Identifying and Defining the
data warehouse
prioritizing correct level of
help desk and
subject areas to summarization
397 Which of the following is/are the data warehousing activity? All of the above training users to All of the above D
be included in to support
effectively
the Data business
utilize the
Warehouse decision making
desktop tools
The definition of data elements in the data warehouse and in the

398 data sources, and the transformation rules that relate them, are Metadata Masterdata Detaileddata Metadata Basedata C
referred to as ___________
Data warehouses are not the optimal environment for
399 Unstructured Structured Unstructured Informational Operational B
____________ data
400 Maintenance Costs are high for Data Warehousing TRUE TRUE FALSE A
Credit Card Insurance Logistics
401 Data Warehousing can be used for All of the above All of the above D
Churn Analysis Fraud Analysis Management
_________________ is the process of extracting patterns from Data
402 Data Mining Data Analysis Data Mining Data Modeling C
data Warehousing
Business Online Product Life
___________________ is an approach to quickly answer multi- Online Analytical Supply Chain
403 Processing Analytical Cycle B
dimensional analytical queries Processing Management
Management Processing Management
The Output of an OLAP query is typically displayed in a
404 Matrix Matrix Columnar Stepped Outline A
___________ format
Business Online Product Life
___________________ is the succession of strategies used by Product Life Cycle Supply Chain
405 Processing Analytical Cycle C
management as a product goes through its life cycle Management Management
Management Processing Management
A _____________ is a network of facilities and distribution

options that performs the functions of procurement of
Online Analysis Business Product Life
406 materials, transformations of these materials into intermediate Supply Chain Supply Chain C
Processing Processing Cycle
and finished products and the distribution of these finished
products to the customer
_______ integrates supply and demand mangement within and
407 SCM BPM SCM PLM CRM B
across companies
__________ includes transportation from Suppliers and Inbound Outbound Sourcing Production
408 Inbound Operations A
receiving inventory Operations Operations planning planning
Asset
409 Which of the following is not the service area of SCM? CRM Logistics PLM CRM D
Management
______________ CRM provides support to "front office" Consumer
410 Operational Operational Analytical Social A
business processes Relationship
_____________ CRM covers aspects of a company's dealings
Consumer
411 with customers that are handled by various departments within Collaborative Operational Collaborative Social B
Relationship
a company, such as sales, technical support and marketing
Really simple Really simple Really super Rare simple Rare super
412 RSS stands for _____________________ A
syndication syndication syndication syndication syndication
Revenue on Return on None of the
413 ROI stands for _____________________ Return on Investment Both A & B B
Investment Investment above
______________ companies is planning to support tens of
414 B2C B2B B2C C2B C2C B
millions of customers with just hundreds of employees
Network as Architecture of None of the
415 Which of the following is the decisive feature of the framework? Both A & B Both A & B C
platform participation above
Unsuitable for
Increased Legal
416 Which of the following is the limitation of Open Source ERP? All of the above conventional All of the above D
Complexities Complexities
applications
417 Which of the following is not an Open ERP software? Open-Project Openbravo SQL-Ledger Open-Project ERP5ERP C
_____ is the process of integrating all the business functions and None of the
418 ERP EDI ERP BPM B
processes in an organization to achieve numerous benefits above
________ must consider the fundamental issues of system Top
Either A or B or
419 integration by analyzing the organization's vision and corporate Manager Manager Auditor Management A
C
objectives Commitment
ERP ________________ requires organizations to reengineer
their key business processes reengineering of the existing
None of the
420 processes, integration of ERP with other business information Implementation Traps Security Audit Implementation C
above
systems, selection of right employees, and training of employees
on the new system
The more the number of __________, the longer the
421 units modules process package units D
implementation time
In which step of the ERP implementation, educating and
422 Step 2 Step 1 Step 2 Step 3 Step 4 B
recruiting end users will be involved
The system ____________ process will address issues such as
423 software configuration, hardware acquisition and software installation implementation upgradation installation migration C
testing
A __________________ review is recommended to ensure that
pre under process post None of the
424 all business objectives established during the planning phase post implementation C
implementation review implementation above
are achieved
In _________________ stages, auditors have access to
post pre
425 rudimentary ERP tools and capabilities for auditing security post implementation Both A & B Either A Or B A
implementation implementation
configurations
Customization of ERP systems is one of the major challenges in
auditing ERP security
__________ is the World's one of the fastest and most powerful
None of the
427 concurrent multi-lingual business accounting and inventory Tally.ERP 9 Tally Tally.ERP 9 Both A & B B
above
management software
Immediate posting and updation of books of accounts as soon as Interactive Immediate Real Time Business
428 Real Time Processing C
the transactions are entered. This is called as __________ Processing Processing Processing Processing
Tally.ERP 9 provides graphical analysis of data which helps the
user to perform deeper analysis
The user can ________ the company data into multiple
430 Split Import Export Split Backup C
companies as per financial periods required
E-Filing of Returns refers to the process of electronically filing Any of the
431 Internet Intranet Internet Extranet B
your tax returns through the ___________ above
Select Alt+E
from the
We can fill up
required
the details
Return/Form/A
432 Which of the following is true? Either A or B online and Either A or B Neither A Nor B C
nnexure to
submit eVAT
export to .xls
returns
format and then
upload the same
Tally.ERP 9 does not allows you to export the ETDS forms in

433 NSDL compliant formats as well as facilitates printing of TDS FALSE TRUE FALSE B
Forms in Physical Form. True or False
Form 26Q,
Which of the following ETDS forms are available in Tally.ERP Form 26, Form 27,
434 All of the above Annexure to All of the above D
9? Annexure to 26 Annexure to 27
26Q
The exported eTDS file from Tally.ERP 9 can be validated
File Validation File Validation File Valuation File Valuation
435 through NSDL's freely downloadable utility called File Validation Utility B
Program Utility Program Utility
__________________
The ETCS forms available in Tally.ERP 9 are _________ and
436 Form 27E Form 27E Form 27 Form 26 All of the above A
____________
Tally.ERP 9 allows accounting with the regular names without
any account codes
A multi-user version of Tally.ERP 9 can be installed on a
network, having any number of computers with different
operating systems such as win 95, 98, NT, 2000, XP, Vista,
Windows 7, Windows 8, etc.,
With ______________ technology the characters are reduced in
breadth and user is allowed to input additional characters
439 Tally Fit Tally Fix Tally Adjust Tally Fit Tally AutoFit C
which would make the account name, entity complete and
readable
The Tally.ERP 9 __________________ provides the user with
HTTP-XML
administrator rights and the capability to check the entries User-defined Unlimited multi-
440 Audit Feature based data Audit Feature D
made by the authorised users and alter these entries, if Security user support
interchange
necessary
Tally.ERP 9 offers a data encryption option called Tally Data Tally Data Tally Data
441 Tally Vault Tally Vault C
_______________ Encryption Encoding Conversion
Oracle Oracle
Open Database Open Database Open Database
442 ODBC stands for ___________________________ Database Database B
Connectivity Connection Connectivity
Connection Connectivity
___________________ is the process of exchanging Tally.ERP 9 Asynchronizatio
443 Synchronization Serialization Randomization Synchronization C
data between two or more locations n
444 Which of the following is the not the previous version of Tally? Tally 6.4 Tally 4.5 Tally 6.4 Tally 7.2 Tally 8.1 B
445 Can data of new version be migrated to old version? No Yes No B
The Tally website offers _______________, by which a user can
446 communicate with a Tally representative and get required Tally Chat Tally Forum Tally FAQ Tally Support Tally Chat D
information
__________________ is an enabling framework which

Direct Web
447 establishes a connection through which the remote user can Tally.NET Web Publishing Tally.NET Email facility C
Browser Access
access the Client's data without copying/transferring the data
Tally.NET use _______________ for centralised Account Administration
448 Control Centre Data Centre Control Centre Cloud Centre B
Management Centre
The data is transferred between the remote location and the
449 Encryption Encoding Decoding Encryption Decryption C
server using a secured mechanism called __________________
_____________ works as an interface between the user and

Tally.ERP 9 installed at different sites, it enables the user to Administration
450 Control Centre Control Centre Data Centre Cloud Centre A
centrally configure and administer site / user belonging to an Centre
account
A chartered accountant as an __________________ is exposed
to various operational risk factors viz., time, increasing travel
451 Entrepreneur Administrator Auditor Expert Entrepreneur D
& people costs, limited availability of skilled manpower, intense
audit periods
The ____________ edition provides the Chartered Accountants
with Tax Audit and Statutory Compliance tools which equips Educational
452 Auditor Silver Gold Auditor D
him/her to retrieve the required information on the basis on Mode
which he form an opinion
Generate Annexure for Tax Audit under Sec _____ using
453 Auditors' Edition of Tally.ERP 9, a Chartered Accountant can 44AB 44A 44B 44AB Both A & B C
provide services to their clients
Concurrent Data Reliability

Which of the following is one of the Technological Features in Data Reliability and Real time Accounting
454 multi-lingual and Automatic C
Tally.ERP 9? Automatic Recovery processing without Codes
capability Recovery
Which of the following is one of the salient features of Codeless user Graphical Split Company
455 Scalability Scalability D
Tally.ERP 9? interface analysis of data Data
Configuring
To utilize Tally.NET in Tally.ERP 9, which of the following is Creating Authorizing
456 All of the above Tally.NET All of the above D
the pre-requisite? Remote Users Remote Users
features
457 What is the short cut key for Tally.NET features? F4 F1 F2 F3 F4 D
Which of the following will be displayed in the List of
458 All of the above Company Name Account ID Serial Number All of the above D
Companies screen?
If we want the company to be connected automatically for Allow to
Contact On None of the
459 remote access on load, the property __________ needs to be set Contact On Load Connect Either A or B B
Load above
it as Yes Company
Allow to
In order to enable Tally.NET in Tally.ERP 9, the ___________ Enable Contact On Security
460 Security Controls Connect C
needs to be set to "Yes" Tally.NET Load Controls
Company
A message "Company connected successfully" is displayed in
461 Calculator Calculator Version License Configuration A
the ________________ panel
The remote users are broadly classified into _____ security
462 two two three four five A
levels
To create Remote Users, the security level should be None of the
463 Standard User Owner Standard User Either A or B B
_________________ above
None of the
464 Tally.Net ID has to be a valid _________ only Email ID Account ID User Name Email ID C
above
______________ enables the user to centrally configure and Administration
465 Control Centre Data Centre Control Centre Cloud Centre B
administer Site / User belonging to an account Centre
Surrender,
Confirm or Manage Jobs Create users
466 Which of the following is the advantage of the Control Centre? All of the above Reject and with predefined All of the above D
activation of a Recruitments security levels
site
Which of the following is not the predefined security levels in Tally.NET Tally.NET
467 Tally.NET Owner Owner Tally.NET User C
Tally.ERP 9? Owner Auditor
The Account _________________ is authorised to surrender,
468 confirm a site license or Reject the request received on Administrator Administrator Owner Auditor User A
activation from another site
On starting Tally.ERP 9 the Gateway of Tally screen appears
displaying the Edition and Users are under Version block, and Information None of the
469 Information Panel Horizontal Bar Vertical Bar B
the Serial Number and Account ID under License block of the Panel above
______________
______________________ enables user to enter the essential User Change Account Profile Licensing &
470 Profile Management C
information related to the Account/Site ID Management Admin Management Configuration
_______________ enables user to change the Account User Change Account Profile Licensing &
471 Change Account Admin B
Administrator's ID Management Admin Management Configuration
Want to set can be Want to set
Set ___________________ to "Yes" to create a fresh set of Enable ODBC None of the
472 client/server overridden client/server C
configuration Server above
configuration locally configuration
Alter Account Manage
473 Which one of the following is not an access right? Manage Passwords Manage Sites Manage Users D
Admin Passwords
Tally.NET Tally.NET
Tally.NET Tally.NET Tally.NET
474 _________________ should be set to "No" for local users Auditor Auditor B
Authentication Authorisation Authentication
Authorisation Authentication
WEIGHTAGE OF EXAM
Weightage
Subje No. of Que. In
Q.Series No. of Que. Given Weightage Hrs based on no. of
cts Exam
hours
Auditi
ng in
an
ERP 1-161 161 54 27 24 26.66666667
Envir
onme
nt
Adva
nced
162-231 70 26 13 12 13.33333333
DBM
S
Adva
nced 232-321 90 40 20 18 20
Excel
Excel
as an
322-381 60 40 20 18 20
audit
tool
ERP 382-474 93 40 20 18 20
474 200 100 90 100

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S.

NO QUESTION ANSWER OPTION A OPTION B OPTION C OPTION D ANSWER

including the including the excluding the excluding the

As per SA315,the auditor has to understand the information Financial

______ deals with the auditor's respnsibility to design and

A test of controls is an _____ to test the effectiveness of a

Say whether TRUE or FALSE?

accuracy of completeness of the validity of

During subsequent years of the audit, when GITCs and relevant

__________ refers to the separation or distribution of job roles

___________ are typically regular employees who carry out

The auditor should first gain and understand the ___________

ERP/application should have ________ many fields and the

_________ the entries passed during the year to the balances in

Using tools such as ______, IDEA Caseware, MS Access, Excel

Personal gain Debts

For calculation For calculation For calculation

For calculation For calculation For calculation

For calculation For calculation

Point Volume Point Varaiance Profit Volume Profit Variance

____________ method of depreciation is one of the accelerated

____________ is one of the core principals of finance and is the

A machine was purchased for Rs.1000000 in EMI at 8%

A businessman planned to get a loan Rs.1800000. If he get a

In Data table, at a time how many arguments maximum can be

In a business, Intial cost of investment one year from today is

In VLOOKUP(),if the lookup_value being searched in a APPROXIMATE EXACT APPROXIMAT

We cannot If the number of Pivot Tables

The approach to ERP is to first develop a

________________ is a tool that refers to skills, processes,

Integrated Decision Non-Isolated

The definition of data elements in the data warehouse and in the

A _____________ is a network of facilities and distribution

Tally.ERP 9 does not allows you to export the ETDS forms in

__________________ is an enabling framework which

_____________ works as an interface between the user and

Concurrent Data Reliability

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