Workshop

Q1. ‘Payment by Results’ in workshop means:-

a : Payment after results are declared
b : Incentive Bonus Scheme
c : Regular payment to workers
d : None of the above

Q2. The yardstick for measuring work in the Incentive Bonus Scheme is -

a : Time
b : Regular Attendance
c : Work study
d : None of these

Q3. Allowed time for a work is fixed keeping in view that some percentage of incentive bonus is earned by the worker. The percentage is-

a : 10%
b : 33 1/3 %
c : 50%
d : None of these

Q4. The ceiling limit on the profit earned by each worker is ______ of standard basic wage of the worker-

a : 50%
b : 25%
c : 15%
d : 10%

Q5. Incentive Bonus for supervisors is restricted to ______ of the average percentage of profit earned by the direct workers under his control.-

a : 50%
b : 60%
c : 70%
d : 80%

Q6. The time lost due to lack of work, machine repairs, lack of tools etc is known as-

a : Idle time
b : Allowed time
c : Booked time
d : None of the above

Q7. Idle time expenditure is charged to-

a : Shop on cost workorder
b : General on cost workorder
c : Proforma on cost workorder
d : None of these

Q8. A record that shows the time for which wages are earned by each work men is called-

a : Time book
b : Time sheet
c : Job card
d : None of these

Q9. Idle time of a worker is recorded in-

a : Idle time sheet
b : Idle time card
c : Idle job card
d : None of these

Q10. The debits for material suppled from Stores Depots to workshop is raised through-

a : Work Orders
b : Issue Notes
c : Receipts Notes
d : All of these

Q11. The debit for material received from Stores Depots to workshop is allocated to

a : Stores Suspense
b : Workshop Manufacturing Suspense
c : Revenue
d : None of these

Q12. Receipts Note is issued for material received through-

a : Stores Depot
b : Direct purchase
c : Transfer of material
d : None of these

Q13. Following form is used to regularize incorrect allocation of stores-

a : Write back orders
b : Work orders
c : Outturn statement
d : None of these

Q14. Indirect charges not included in the cost of work done, but should be included in commercial costing is known as-

a : Proforma Oncost
b : General Oncost
c : Shop Oncost
d : All of these

Q15. Cost incurred in common with more than one shop or department within the workshop is called -

a : Proforma Oncost
b : General Oncost
c : Shop Oncost
d : All of these

Q16. Cost incurred within one unit, such as a shop or department or a section is known as-

a : Proforma Oncost
b : General Oncost
c : Shop Oncost
d : All of these

Q17. The Oncost expenditure on labour & material incurred in individual shops is booked to

a : Standing work order
b : Oncost work order
c : Revenue
d : None of these

Q18. The expenditure on labour and stores that can directly chargeable to a work or oncost is called-

a : Total cost
b : Time cost
c : Prime cost
d : None of the above

Q19. A device adopted for carrying out petty jobs under one or more standing work order is called-

a : Grouping work order
b : Standing work order
c : On cost work order
d : None of these

Q20. The system adopted to compare the cost of similar articles manufactured from time to time and finding out reasons for variation is called

a : Work order system
b : Job costing
c : Proforma costing
d : None of these

Q21. The document which is the authority for the shops to undertake manufacture of component or assembling for which it is issued is called

a : Job card
b : Route card
c : Work order
d : None of these

Q22. The various charges incurred on each work order are collected in -

a : Ledger
b : Workshop General Register
c : Statement of work orders
d : None of the above

Q23. Part I of Workshop General Register comprises of-

a : Completed work orders
b : Ongoing work orders
c : Both (A) & (B) above
d : None of the above

Q24. Part II of Workshop General Register comprises of-

a : Completed work orders
b : Ongoing work orders
c : Bothe (A) & (B) above
d : None of the above

Q25. The process of collecting, valuating, analysing and booking of charges for works done is reviewed through-

a : Workshop Manufacture Suspense account
b : Stores suspense
c : Deposit suspense
d : None of the above

Q26. Closing balance under Workshop Manufacture Suspense account indicates-

a : Monetary value of Outturn
b : Work in progress
c : On cost charges
d : None of the above

Q27. Wages of workers in the workshop are primarily booked to-

a : Workshop Manufacture Suspense account
b : Revenue
c : Stores account
d : None of the above

Q28. Cost of material drawn from other workshops is booked to-

a : Workshop Manufacture Suspense account
b : Revenue Heads
c : Deposits
d : None of the above

Q29. The Part I outturn statement indicates the outlay of works completed in -

a : During the year
b : Monthly Accounts on hand
c : Quarterly
d : None of the above

Q30. The outlay shown in Part II of outturn statement indicates-

a : Outlay on completed works
b : Outlay on works in progress
c : Adjustments made to Final Heads
d : None of the above

Q31. The ‘Average Annual cost of service’ also includes-

a : Annual sinking fund payment to depreciation fund
b : Annual interest charges on the cost of the asset
c : Both (A) & (B) above
d : None of the above

Q32. The All-in-cost of work executed in workshop comprises of-

a : Prime cost
b : Works on cost
c : Both (A) & (B) above
d : None of the above

Q33. The cost of supervision for deposit works undertaken in workshops is-

a : 5%
b : 10%
c : 12.5%
d : 15%

Q34. In the Accounts office, the estimates are verified to see the -
लेखा कार्यालय में, __________ को देखने के लिए प्राक्कललन जाँच की जाती है।

a : Propriety of expenditure
व्यय का औचित्य
b : Incidence and classification of charges
प्रभार का संपात तथा वर्गीकरण
c : Competency of sanction
मंजूरी की सक्षमता
d : All of the above
उपरोक्त सभी

Q35. Acquisition of new Rolling Stock is done through-

a : Rolling Stock Programme
b : Works Programme
c : M&P Programme
d : None of the above

Q36. A specified number of Rolling Stock is authorized for each zone under the heading -

a : Authorized Stock
b : Rolling Stock
c : A & B above
d : None of the above

Q37. Workshop Manufacturing Suspense falls under which Head of Account-

a : Capital Suspense PH 7200
b : Capital Suspense PH 7100
c : Capital Suspense PH 7300
d : None of the above

Q38. Road Vehicles are procured through-

a : Rolling Stock Programme
b : M&P Programme
c : Tools & Plant
d : None of the above

Q39. Immovable office Furniture is procured through-

a : Rolling Stock Programme
b : M&P Programme
c : Tools & Plant
d : None of the above

Q40. Calculation of Rate of Return is not necessary for procurement of -

a : Safety consideration
b : Replacement account
c : Additional account
d : None of the above

Q41. Urgent M&P items can be procured through-

a : Out of turn sanctions
b : Railway Board separately
c : Priority in M&P
d : None of the above

Q42. Staff Amenity works in workshops are charged to-

a : PH 5200
b : PH 6300
c : DF IV
d : DF II

Q43. M&P programme is budgetted under-

a : PH-21
b : PH-41
c : PH-42
d : PH-53

Q44. Items of M&P costing less than Rs. 1 lakh should be procured through-

a : Revenue
b : PH-41
c : Capital
d : None of the above

Q45. The currency of GMs sanction of M&P programme is up to-

a : 5 years
b : 4 years
c : 3 years
d : 2 years

Q46. The amount projected under ‘Revenue credits’ of Workshop Manufacture Suspense account should correlate with-

a : Projections made in Revenue Demands 5,6,7
b : Projections made in Capital Stores Suspense
c : Projections made in PH 7100
d : None of the above

Q47. The amount projected under ‘Material and Stores’ under Workshop Manufacture Suspense account should correlate with the Projections made under-

a : Revenue Demands 5 and 6
b : Issues to Capital Manufacturing Suspense under Stores Budget
c : No correlation required
d : None of the above

Q48. Projections made under ‘Material and Stores’ of Workshop Manufacture Suspense account should correlate with-

a : Projections made under ‘Issues to Capital Manufacturing Suspense’ in Stores Budget
b : Demand No. 5 and 6
c : Demand No. 7
d : None of the above

Q49. Material drawn from Stores Depots by workshops is debited to -

a : Workshop Manufacture Suspense account
b : Labour suspense
c : Stores suspense
d : None of the above

Q50. Proforma On cost charges collected in deposit works is-

a : Credited to Earnings
b : Credited to Revenue Heads
c : Credited to Plan Heads
d : None of the above

Q51. Proforma On cost budget is prepared

a : Annually
b : Half yearly
c : Quarterly
d : Monthly

All question carefully copy paste from IRIFM - A Thousand and one question but if any mistake found please write on comment box. Also any suggestions write down in comment section. 

IRIFM- Thousand and one question