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Objective Questions

Latest AAI Manager Finance Exam Question (Objective Questions), MCQ in English

Subjects : General Knowledge, General Intelligence, General Aptitude, English, Subjects Related (Finance)

Question Bank AAI Manager (Finance) Exam - English
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General Knowledge, General Intelligence, General Aptitude, English

Question 1Single Answer
I go to Madurai by —– Vaigai Express
  1. A
    a
  2. B
    an
  3. C
    some
  4. D
    the
Question 2Single Answer
Have the car stolen!
  1. A
    Steal the car
  2. B
    You should have the stolen car
  3. C
    Get someone to steal the car
  4. D
    They have stolen the car
Question 3Single Answer
The payment was collected by the hardworking salesman.
  1. A
    The hardworking salesman collected the payment.
  2. B
    the salesman who worked heard was able to collect the payment.
  3. C
    to collect the payment the salesman had to work hard.
  4. D
    The hardworking salesman was able to collect the payment.
Question 4Single Answer
Passage :
Direction :  Question below has two blanks, each blank indicting that some thing has been omitted. Choose the word for each blank which best fits the meaning of the sentence as a whole.
The Finance Department has ……………a centralized online databank system for all statutory government bodies to …………an eye on their assets and liabilities.
  1. A
     presented , stay
  2. B
    introduced , keep
  3. C
    announce , make
  4. D
    created , let
  5. E
    proclaimed , hold
Question 5Single Answer
Passage :
Direction : The five items in this section consists of a word or group of words followed by four words as (a), (b), (c) and (d). Select the word which is nearly opposite to the meaning of the original word or group of words and mark your response as (a), (b), (c) and (d), as the case may be, in your Answer Sheet.
Assets
  1. A
    liabilities
  2. B
    responsibilities
  3. C
    estates
  4. D
    profits
Question 6Single Answer
Passage :
Direction : In the question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Affidavit
  1. A
     Affirmation
  2. B
    Slander
  3. C
    Oath
  4. D
    Testimony
Question 7Single Answer
Passage :
Direction: In the following question, out of the four alternatives, choose the word which is opposite in meaning to the given word and click the button corresponding to it
Hollow
  1. A
    Alveolate
  2. B
    Cleft
  3. C
     Cavernous
  4. D
    Solid
Question 8Single Answer
How many such pairs of letters are there in the word ‘CLEANLINESS’ each of the which has as many letters between them in the word as they have in the English alphabet, in the same sequence?
  1. A
    Two
  2. B
    Three
  3. C
    Five
  4. D
    Four
  5. E
    None of these
Question 9Single Answer
Team A has scored more goals than Team B
Team C has scored fewer goals than Team B
Team A has scored fewer goals than Team C .
If the first two statements are true, the third statement is
  1. A
    True
  2. B
    False
  3. C
    Uncertain
  4. D
    None
Question 10Single Answer
If it is possible to make only one meaningful word with the second, the third, the sixth and the eight letters of the word FRAGMENT using each only once, which of the following will be the third letter of that word ? If no such word can be formed, give ‘X’ as the answer and if more than one such word can be formed, give ‘Y’ as the answer.
  1. A
    A
  2. B
    E
  3. C
    T
  4. D
    X
  5. E
    Y
Question 11Single Answer
How many such letters are there in the word ORIENTAL each of which is as far away from the beginning of the word as when they are arranged alphabetically?
  1. A
    None            
  2. B
    One         
  3. C
    Two       
  4. D
    Three        
  5. E
    More than three
Question 12Single Answer
Passage :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z .
Which letter in this alphabet is the eighth letter to the right of the letter and which is tenth letter to the left of the last but one letter of the alphabet ?
  1. A
    X
  2. B
    W
  3. C
    I
  4. D
    H
Question 13Single Answer
Passage :
Direction : The following question is based on the five words given below:
AND FOR THE BIG SUM (The new words formed after performing the mentioned operations may or may not necessarily the meaningful English words.)
If the third alphabet of each of the words is changed to the next alphabet in the English alphabetical series, which of the following will form a meaningful English word?
  1. A
    SUM
  2. B
    BIG
  3. C
    Both BIG and THE
  4. D
    FOR
  5. E
    Both FOR and BIG
Question 14Single Answer
Passage :
Direction : The following question is based on the five words given below:
AND FOR THE BIG SUM (The new words formed after performing the mentioned operations may or may not necessarily the meaningful English words.)
If the given words are arranged in the order as they would appear in a dictionary from left to right, which of the following will be second from the right ?
  1. A
    AND
  2. B
    FOR
  3. C
    THE
  4. D
    BIG
  5. E
    SUM
Question 15Single Answer
Passage :
Direction: The following question is based on the five words given below:
AND FOR THE BIG SUM (The new words formed after performing the mentioned operations may or may not necessarily the meaningful English words.)
If second alphabet in each of the words is changed to next alphabet in the English alphabetical order, how many words having two vowels (same or different vowels) will be formed ?
  1. A
    None
  2. B
    One
  3. C
    Two
  4. D
    Three
  5. E
    Four
Question 16Single Answer
The cash difference between the selling prices of an article at a profit of 4% and 6% is Rs. 3. The ratio of the two selling prices is:__________ ?
  1. A
    51:52
  2. B
    52:53
  3. C
    51:53
  4. D
    52:55
Question 17Single Answer
Which of the following numbers is irrational ?
  1. A
    √49
  2. B
    0.125
  3. C
    √2
  4. D
    22/7
Question 18Single Answer
356 x 936 – 356 x 836 = ?
  1. A
    35600  
  2. B
    34500
  3. C
    9630
  4. D
    93600
Question 19Single Answer
Arrange in descending order: 5/8, 7/10, 3/4
  1. A
    3/4 > 7/10 > 5/8
  2. B
    7/10 > 3/4 > 5/8
  3. C
    3/4 > 5/8 > 7/10
  4. D
    5/8 > 7/10 > 3/4
Question 20Single Answer
Passage :
information given below and answer the question that follow.
The result of an exam is given below. Out of 1000 students who appeared
(i) 658 failed in Physics
(ii) 166 failed in Physics and Chemistry
(iii) 372 failed in Chemistry, 434 failed in Physics and Maths
(iv) 590 failed in Maths, 126 failed in Maths & Chemistry
Find the number of people who failed in (assuming that none is passed in all subjects.

We have the following equations:
a+ b + c + d + e + f + g = 1000
a + b + d + e = 658, b + d = 166
b + d + c + f = 372
d + e = 434 as in the figure.
d + e + f + g = 590, d + f = 126. Find the values
Chemistry but not in Physics.
  1. A
    318
  2. B
    198
  3. C
    213 
  4. D
    206
Question 21Single Answer
Passage :
Direction: information given below and answer the question that follow.
The result of an exam is given below. Out of 1000 students who appeared
(i) 658 failed in Physics
(ii) 166 failed in Physics and Chemistry
(iii) 372 failed in Chemistry, 434 failed in Physics and Maths
(iv) 590 failed in Maths, 126 failed in Maths & Chemistry
Find the number of people who failed in (assuming that none is passed in all subjects.

We have the following equations:
a+ b + c + d + e + f + g = 1000
a + b + d + e = 658, b + d = 166
b + d + c + f = 372
d + e = 434 as in the figure.
d + e + f + g = 590, d + f = 126. Find the values
Physics or Maths but not in Chemistry.
  1. A
    558   
  2. B
    718
  3. C
    628  
  4. D
    None of these
Question 22Single Answer
Passage :
For the next four question that follow:
In a city, three daily newspapers A, B, C are published, 42% read A; 51% read B; 68% read C; 30% read A and B; 28% read B and C; 36% read A and C; 8% do not read any of the three newspapers.

Let x% people read all the three newspapers.
Since 8% people do not read any newspapers.
 (x – 24) + (x – 7) + (x + 4) + (30 – x) + (36 – x) + (28 – x) + x = 92
→ x + 98 – 31 = 92
→ x = 92 – 67 = 25
What is the percentage of persons who read all the three papers ?
  1. A
    20%  
  2. B
    25%
  3. C
    30%  
  4. D
    40%
Question 23Single Answer
Passage :
For the next four : question that follow :
In a city, three daily newspapers A, B, C are published, 42% read A; 51% read B; 68% read C; 30% read A and B; 28% read B and C; 36% read A and C; 8% do not read any of the three newspapers.

Let x% people read all the three newspapers.
Since 8% people do not read any newspapers.
 (x – 24) + (x – 7) + (x + 4) + (30 – x) + (36 – x) + (28 – x) + x = 92
→ x + 98 – 31 = 92
→ x = 92 – 67 = 25
What is the percentage of persons who read only two papers?
  1. A
    19%  
  2. B
    31%
  3. C
    44%
  4. D
    None of these
Question 24Single Answer
Sattriya dance form is famous in which of these states ?
  1. A
    Assam
  2. B
    Himachal Pradesh
  3. C
    Punjab
  4. D
    Tamil Nadu
Question 25Single Answer
Which is the national game of Bhutan ?
  1. A
    badminton
  2. B
    basketball
  3. C
    football
  4. D
    archery
Question 26Single Answer
When was the Constituent Assembly of India formed?
  1. A
    1946
  2. B
    1947
  3. C
    1948
  4. D
    1950
Question 27Single Answer
Who is known as the "Missile Man of India"?
  1. A
    Dr. Homi J. Bhabha
  2. B
    Dr. Vikram Sarabhai
  3. C
    Dr. APJ Abdul Kalam
  4. D
    Dr. Satish Dhawan
Question 28Single Answer
Which is the longest river in India?
  1. A
    Yamuna
  2. B
    Ganges
  3. C
    Brahmaputra
  4. D
    Godavari
Question 29Single Answer
Who among the following was associated with Enlightenment philosophy?
  1. A
    Voltaire
  2. B
    Shakespeare
  3. C
    Erasmus
  4. D
    All of the above
Question 30Single Answer
On what date did India celebrate the 9th anniversary of the Goods and Services Tax (GST) implementation?
  1. A
    July 1, 2026
  2. B
    June 30, 2026
  3. C
    July 2, 2026
  4. D
    June 29, 2026

Subjects Related (Finance)

Question 31Single Answer
Which accounting concept requires transactions to be recorded according to their economic substance rather than merely their legal form?
  1. A
    Materiality
  2. B
    Historical Cost
  3. C
    Conservatism
  4. D
    Substance over Form
Question 32Single Answer
Which principle requires recognition of expenses in the same accounting period as the related revenue?
  1. A
    Realization Principle
  2. B
    Consistency Principle
  3. C
    Matching Principle
  4. D
    Money Measurement Principle
Question 33Single Answer
Under the accrual basis, revenue received in advance is initially recognized as?
  1. A
    Income
  2. B
    Contingent Gain
  3. C
    Reserve
  4. D
    Liability
Question 34Single Answer
Which accounting convention supports the creation of a provision for doubtful debts?
  1. A
    Consistency
  2. B
    Full Disclosure
  3. C
    Prudence
  4. D
    Materiality
Question 35Single Answer
Which error will not affect the agreement of a Trial Balance?
  1. A
    Posting a debit entry on the credit side
  2. B
    Omitting one side of a transaction
  3. C
    Incorrectly totaling a ledger account
  4. D
    Recording a capital expenditure as revenue expenditure
Question 36Single Answer
Goods costing ₹80,000 are sold at a gross profit of 25% on cost. What is the sales value?
  1. A
    ₹96,000
  2. B
    ₹100,000
  3. C
    ₹106,667
  4. D
    ₹120,000
Question 37Single Answer
If closing inventory is overstated by ₹50,000, the current year’s profit will be?
  1. A
    Understated by ₹50,000
  2. B
    Overstated by ₹100,000
  3. C
    Overstated by ₹50,000
  4. D
    Unaffected
Question 38Single Answer
Under Ind AS, which standard primarily governs presentation of financial statements?
  1. A
    Ind AS 7
  2. B
    Ind AS 1
  3. C
    Ind AS 8
  4. D
    Ind AS 10
Question 39Single Answer
Which Ind AS prescribes accounting for inventories?
  1. A
    Ind AS 2
  2. B
    Ind AS 16
  3. C
    Ind AS 36
  4. D
    Ind AS 40
Question 40Single Answer
Under Ind AS 2, inventories are ordinarily measured at?
  1. A
    Higher of cost and fair value
  2. B
    Lower of cost and net realizable value
  3. C
    Replacement cost
  4. D
    Historical cost without adjustment
Question 41Single Answer
Which Ind AS deals with accounting policies, changes in accounting estimates and errors?
  1. A
    Ind AS 21
  2. B
    Ind AS 12
  3. C
    Ind AS 8
  4. D
    Ind AS 24
Question 42Single Answer
A change in the useful life of a depreciable asset is treated under Ind AS as?
  1. A
    Change in accounting estimate
  2. B
    Change in accounting policy
  3. C
    Prior-period error
  4. D
    Extraordinary item
Question 43Single Answer
Which Ind AS governs events occurring after the reporting period?
  1. A
    Ind AS 34
  2. B
    Ind AS 19
  3. C
    Ind AS 33
  4. D
    Ind AS 10
Question 44Single Answer
A customer’s bankruptcy after the reporting date confirms financial difficulty existing at year-end. It is generally treated as?
  1. A
    Non-adjusting event
  2. B
    Change in accounting estimate
  3. C
    Contingent asset
  4. D
    Adjusting event
Question 45Single Answer
Which Ind AS primarily governs accounting for income taxes?
  1. A
    Ind AS 23
  2. B
    Ind AS 20
  3. C
    Ind AS 12
  4. D
    Ind AS 37
Question 46Single Answer
Deferred tax is generally recognized for?
  1. A
    Temporary differences
  2. B
    Permanent differences
  3. C
    Capital receipts only
  4. D
    Cash-flow differences
Question 47Single Answer
Which Ind AS deals with property, plant and equipment?
  1. A
    Ind AS 38
  2. B
    Ind AS 16
  3. C
    Ind AS 40
  4. D
    Ind AS 41
Question 48Single Answer
Under Ind AS 16, depreciation of an asset begins when the asset is?
  1. A
    Purchased
  2. B
    Available for use
  3. C
    Paid for
  4. D
    Registered in the company’s name
Question 49Single Answer
Which Ind AS deals with impairment of assets?
  1. A
    Ind AS 37
  2. B
    Ind AS 36
  3. C
    Ind AS 38
  4. D
    Ind AS 105
Question 50Single Answer
An impairment loss arises when an asset’s carrying amount exceeds its?
  1. A
    Historical cost
  2. B
    Recoverable amount
  3. C
    Fair value
  4. D
    Replacement cost
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