MCQOPTIONS
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MCQOPTIONS
This section includes 999 Mcqs, each offering curated multiple-choice questions to sharpen your Engineering Mechanics knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
Insurance relating to the year 2013-14 was paid in 2012-13 in advance. The same was howeverbooked as expenditure in 2012-13. This does not meet the objective of |
| A. | Existence |
| B. | Ownership |
| C. | Completeness |
| D. | Occurrence |
| Answer» E. | |
| 52. |
These are Performed if the audit team plans to take assurance from mitigating controls or fromother controls . |
| A. | Focused Subtantive Procedures |
| B. | Standard Substantive Procedures |
| C. | Minimum Substantive Procedures |
| D. | all |
| Answer» D. all | |
| 53. |
Policies, systems and procedures established by Comptroller and Auditor General to maintain ahigh standard of audit activity are also called |
| A. | Quality control |
| B. | Reasonable Assurance |
| C. | Quality Check |
| D. | Quality Assurance |
| Answer» E. | |
| 54. |
The Auditing Standards of the C&AG of India comprise ofi General Standardsii Field Audit Standardsiii Field Standardsiv Reporting Standards |
| A. | (i) to (iii) only |
| B. | (i) & (ii) only |
| C. | (i), (iii) & (iv) only |
| D. | All of the above |
| Answer» D. All of the above | |
| 55. |
Population is divided into groups, each being fairly homogenous with respect to value and riskin this kind of sampling |
| A. | Block Selection |
| B. | Random Sampling |
| C. | Stratified Sampling |
| D. | Monetary Unit Sampling |
| Answer» D. Monetary Unit Sampling | |
| 56. |
Analytical Procedures are unlikely to be used when these are performed. |
| A. | Focused Subtantive Procedures |
| B. | Standard Substantive Procedures |
| C. | Minimum Substantive Procedures |
| D. | all |
| Answer» B. Standard Substantive Procedures | |
| 57. |
A pre-condition for any statistical sampling is the availability of a _______ |
| A. | Sampling unit |
| B. | sampling frame |
| C. | Sampling structure |
| D. | All of the above |
| Answer» C. Sampling structure | |
| 58. |
The general audit objectives are also called |
| A. | Opinions |
| B. | Assertions |
| C. | Criteria |
| D. | None of these |
| Answer» C. Criteria | |
| 59. |
Teammate software is |
| A. | a data extraction tool |
| B. | a data analytic tool |
| C. | an audit documentation tool |
| D. | none of these |
| Answer» D. none of these | |
| 60. |
Financial (attest) audit is primarily concerned with expression of audit opinion on a set of financial statements. |
| A. | FALSE |
| B. | TRUE |
| C. | none |
| D. | all |
| Answer» C. none | |
| 61. |
In the context of Government Accounts in India, the key feeder systems include: |
| A. | Treasuries and Sub-Treasuries |
| B. | Pay and Accounts Offices |
| C. | Forest Divisions |
| D. | All of the above |
| Answer» E. | |
| 62. |
A fundamental disagreement would lead to |
| A. | disclaimer |
| B. | qualified opinion |
| C. | unqualified opinion |
| D. | adverse opinion |
| Answer» C. unqualified opinion | |
| 63. |
Financial (attest) audit includes:i Examination and evaluaion of financial recordsii Audit of financial systems and transactionsiii Audit of intenal control and internal audit functionsiv Evaluation of Compliance with applicable statutes and regulations |
| A. | (i) only |
| B. | (i) & (ii) only |
| C. | (i) to (iii) only |
| D. | All of the above |
| Answer» E. | |
| 64. |
Which of the following statements is true about Precision |
| A. | It is a range of error in an account between MLE & materiality |
| B. | It is a range of error in an account between MLE & AMLE |
| C. | It is a range of error in an account between Materiality & AMLE |
| D. | None of these |
| Answer» B. It is a range of error in an account between MLE & AMLE | |
| 65. |
Which of these standards regulate the audit activity of the auditor |
| A. | General Standards |
| B. | Field Audit Standards |
| C. | Field Standards |
| D. | Reporting Standards |
| Answer» D. Reporting Standards | |
| 66. |
Which of these is the correct set of general financial audit objectives for balance sheet |
| A. | Completeness , Existence , Valuation , Ownership , Disclosure |
| B. | Completeness , Existence , Measurement , Ownership , Disclosure |
| C. | Completeness , Occurence , Valuation , Ownership , Disclosure |
| D. | Completeness , Regularity , Valuation , Ownership , Disclosure |
| Answer» B. Completeness , Existence , Measurement , Ownership , Disclosure | |
| 67. |
There is a direct relationship between materiality level and the level of audit risk |
| A. | TRUE |
| B. | FALSE |
| C. | none |
| D. | all |
| Answer» C. none | |
| 68. |
Which method of sampling is not expected to produce representative samples? |
| A. | Block Selection |
| B. | Random Sampling |
| C. | Systematic Sampling |
| D. | Monetary Unit Sampling |
| Answer» B. Random Sampling | |
| 69. |
Financial Audit of Autonomous Bodies receiving financial assistance is governed by ______ of CAG's DPC Act 1971 |
| A. | 13 & 14 |
| B. | 14 & 15 |
| C. | 13 & 15 |
| D. | 16 |
| Answer» C. 13 & 15 | |
| 70. |
Reflecting all the transactions relating to the period of the accounts without regard to the actualdate of payment or receipt is also called |
| A. | Accrual system accounting |
| B. | Mercantile system of accounting |
| C. | Both |
| D. | None of these |
| Answer» D. None of these | |
| 71. |
Instructions to audit team members on the performance of chosen audit procedures arecontained in the |
| A. | Plan Document |
| B. | Audit Planning memorandum |
| C. | Detailed Audit Programme |
| D. | None of these |
| Answer» D. None of these | |
| 72. |
The three levels of substantive procedures that can be performed in decreasing order ofassurance required are: |
| A. | Standard, Focused, Minimum |
| B. | Focused, Standard, Minimum |
| C. | Maximum, Standard, Minimum |
| D. | Minimum, Standard, Focused |
| Answer» C. Maximum, Standard, Minimum | |
| 73. |
COBIT is developed by |
| A. | SAI, India |
| B. | INTOSAI |
| C. | ICAI |
| D. | IT Governance Institute and ISACA |
| Answer» E. | |
| 74. |
Which kind of audit sampling is generally used for testing controls? |
| A. | Attribute Sampling |
| B. | Random Sampling |
| C. | Monetary Unit Sampling |
| D. | Stratified Sampling |
| Answer» B. Random Sampling | |
| 75. |
Risks of financial irregularity are always material for the purpose of qualifying audit opinion on the finanicial statements |
| A. | TRUE |
| B. | FALSE |
| C. | none |
| D. | all |
| Answer» C. none | |
| 76. |
blessings before ______ on any |
| A. | dismainting |
| B. | getting off |
| C. | concluding |
| D. | embarking |
| Answer» E. | |
| 77. |
motivation and performance. The higher the levels of ability and motivation the ______ the level of performance will be. |
| A. | higher |
| B. | larger |
| C. | lower |
| D. | smaller |
| Answer» B. larger | |
| 78. |
campaigned for the ______ of the girl-child |
| A. | destruction |
| B. | protection |
| C. | obstruction |
| D. | Renovation |
| Answer» C. obstruction | |
| 79. |
in various terms. Hedonists have a _____ notion |
| A. | complex |
| B. | distinct |
| C. | varied |
| D. | simple |
| Answer» E. | |
| 80. |
help us to become a ______ person. |
| A. | satisfied |
| B. | emotional |
| C. | successful |
| D. | notorious |
| Answer» D. notorious | |
| 81. |
Literature are becoming ______. |
| A. | rich |
| B. | high-class |
| C. | important |
| D. | poor |
| Answer» E. | |
| 82. |
If something is wrong and _____ expedient, |
| A. | merely |
| B. | essentially |
| C. | surely |
| D. | hardly |
| Answer» B. essentially | |
| 83. |
I (2)__________ feel the muscles in my lower back protest. |
| A. | should |
| B. | could |
| C. | will |
| D. | shall |
| Answer» C. will | |
| 84. |
In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.2016 was the year that __________ us to look within. Introspection allows us _______________ how invisible forces shape us and how an obsession with trying to establish the pre-eminence of the human brain ______________ us to the intricate connections that we have with bacteria. With a far longer history ____________ people and the unsurpassed masters of survivals, it isn't surprising that there are more bacteria ________________ our guts than there are stars in the Milky Way.With a far longer history ____________ people and the unsurpassed masters of survivals, |
| A. | than |
| B. | then |
| C. | that |
| D. | when |
| Answer» B. then | |
| 85. |
cousins, family ______ or village friends. |
| A. | People |
| B. | Women |
| C. | Men |
| D. | Members |
| Answer» E. | |
| 86. |
has severe ______ on the lives |
| A. | aspect |
| B. | respect |
| C. | retrospect |
| D. | impact |
| Answer» E. | |
| 87. |
______ and fully able to make |
| A. | Qualities |
| B. | Nitty-gritty |
| C. | Apprehensions |
| D. | Creations |
| Answer» B. Nitty-gritty | |
| 88. |
may mean lengthening muscles to gain _______________, while for someone |
| A. | flexible |
| B. | flexibleness |
| C. | flexibilities |
| D. | flexibility |
| Answer» E. | |
| 89. |
crashing about our ears. _________________ is it necessary |
| A. | If |
| B. | Because |
| C. | Why |
| D. | Therefore |
| Answer» D. Therefore | |
| 90. |
Art movement show obvious _________ while others |
| A. | Alike |
| B. | Same |
| C. | Eagerness |
| D. | Similarities |
| Answer» E. | |
| 91. |
be found an ________ of all possible |
| A. | Explained |
| B. | Explaining |
| C. | Explanation |
| D. | Explain |
| Answer» D. Explain | |
| 92. |
more _____ on account of the elimination of fear of war |
| A. | secure |
| B. | sophisticated |
| C. | complicated |
| D. | sensible |
| Answer» B. sophisticated | |
| 93. |
A person ________ powerful by giving |
| A. | Most |
| B. | Hardly |
| C. | Rarely |
| D. | More |
| Answer» E. | |
| 94. |
Brussels where she ____(2)_____ then. |
| A. | living |
| B. | were living |
| C. | are living |
| D. | was living |
| Answer» E. | |
| 95. |
New spectrum of hues and (1)_____________, to describe a character |
| A. | refinements |
| B. | refining |
| C. | refined |
| D. | to refine |
| Answer» B. refining | |
| 96. |
much about the ____________ of the sun |
| A. | brightness |
| B. | bright |
| C. | brightly |
| D. | brighter |
| Answer» B. bright | |
| 97. |
As this is what (5)___________ chocolate its character. |
| A. | Lends |
| B. | To lend |
| C. | Lending |
| D. | Lend |
| Answer» B. To lend | |
| 98. |
during the _______winter months. |
| A. | peak |
| B. | speak |
| C. | sneak |
| D. | tweak |
| Answer» B. speak | |
| 99. |
entertainment, we must __________, |
| A. | Exclude |
| B. | Among |
| C. | Expell |
| D. | Between |
| Answer» B. Among | |
| 100. |
Gives us ______ and irritation |
| A. | Rewards |
| B. | Problems |
| C. | Recognition |
| D. | Strength |
| Answer» C. Recognition | |