Download AppGovt. JobsFree G.K. & Current AffairsScholarshipBlog
Free PracticeContact
📚 Exam by Category
▾
Objective Questions

Latest FCI Assistant Grade 3 Accounts Exam Question (Objective Questions), MCQ in English

Subjects : Accounts

Question Bank FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - English
Back to Exam

Accounts

Question 1Single Answer
Which Windows interface element typically appears to display information, a warning, an error message, or a request for confirmation?
  1. A
    Window
  2. B
    Pop-up menu
  3. C
    Message box
  4. D
    Taskbar
Question 2Single Answer
What is active desktop ?
  1. A
    a term that is synonymous with viewing your desktop as web page
  2. B
    a feature to customize your desktop to display informating you can update from the internet
  3. C
    both a and b above mentioned
  4. D
    A software
  5. E
    None of these
Question 3Single Answer
What is meant by an active window?
  1. A
    A window that is minimized
  2. B
    The window currently receiving user input
  3. C
    Any window currently open
  4. D
    The window opened first
Question 4Single Answer
What was America Online (AOL) primarily known for during the early popularization of consumer Internet access?
  1. A
    An online service providing Internet access and proprietary online content
  2. B
    A computer operating system
  3. C
    A spreadsheet application
  4. D
    A database management system
Question 5Single Answer
An application is
  1. A
    word processing, accounting and engineering programs are example of application programs
  2. B
    computer program designed to enable users to perform specific job functions
  3. C
    Both a and b above mentioned
  4. D
    a document
  5. E
    None of these
Question 6Single Answer
Who is Father of Scientific Management ?
  1. A
    Henry Fayol
  2. B
    Elton Mayo
  3. C
    Chester Bernard
  4. D
    F. W. Taylor
Question 7Single Answer
Appointment of a Company Secretary is made by –
  1. A
    Promoters
  2. B
    Board of Directors
  3. C
    Debenture holders
  4. D
    Government
Question 8Single Answer
Bonus Shares are issued to –
  1. A
    Equity Shareholders
  2. B
    Preference Shareholders
  3. C
    Debenture Holders
  4. D
    Secured Creditors
Question 9Single Answer
Under which principle, all the rights of an insured are transferred to insurance company after making payment of claim ?
  1. A
    Subrogation
  2. B
    Utmost good faith
  3. C
    Contribution
  4. D
    Average clause
Question 10Single Answer
Rs. 10,000 spent on the replacement of worn out parts of an electronic machinery is treated as –
  1. A
    Capital expenditure
  2. B
    Revenue expenditure
  3. C
    Deferred revenue expenditure
  4. D
    Capital loss
Question 11Single Answer
Which is the most potent driver of business transformation during Covid-19 pandemic ?
  1. A
    Ethical consciousness
  2. B
    Scale economies and pricing power
  3. C
    Technology adoption and innovation
  4. D
    Supply chain logistics and government interventions
Question 12Single Answer
Counter Vailing Duties (CVD) are often imposed on imports to off set the impact of :
  1. A
    Predatory pricing
  2. B
    Export subsidies
  3. C
    Dumping
  4. D
    Low cost financing
Question 13Single Answer
To prevent opportunistic takeover of domestic firms amid Covid-19 pandemic. Foreign Direct Investment (FDI) from countries that share borders with India is allowed through :
  1. A
    Automatic route
  2. B
    Government route
  3. C
    FIPB route
  4. D
    DPIIT route
Question 14Single Answer
Factor conditions in Michael Porter’s competitive advantage National Include :
  1. A
    Market size
  2. B
    Demand conditions
  3. C
    Internationally competitive suppliers
  4. D
    Skilled labour and scientific knowledge
Question 15Single Answer
In case the purchasing company agrees to act as the agent of the vendor for collection of the book debts, in the books of the purchasing company, the amount of debtors should be credited to :
  1. A
    Vendor’s debtors account
  2. B
    Vendor’s suspense account
  3. C
    Debtors account
  4. D
    Creditors account
Question 16Single Answer
Companies Act is governed by
  1. A
    RBI
  2. B
    SEBI
  3. C
    Partnership Act
  4. D
    Ministry of Corporate Affairs
Question 17Single Answer
Own shares purchased by a company with a view to reduce its capital is called
  1. A
    sale
  2. B
    Purchase
  3. C
    buy-back
  4. D
    Private placement
Question 18Single Answer
A company in which there is only one member is called
  1. A
    one member company
  2. B
    one person company
  3. C
    single company
  4. D
    Individual company
Question 19Single Answer
Shares which have preferential rights are called
  1. A
    Equity share
  2. B
    Preference share
  3. C
    Debenture
  4. D
    Bond
Question 20Single Answer
Which of the following is the registered capital of the company ?
  1. A
    Nominal capital
  2. B
    Authorised capital
  3. C
    Share capital
  4. D
    Both (a) and (b)
Question 21Single Answer
What is the full form of GST ?
  1. A
    General Sales Tax
  2. B
    Goods and Service Tax
  3. C
    Government Service Tax
  4. D
    Gross Service Tax
Question 22Single Answer
In which year was GST implemented in India ?
  1. A
    2015
  2. B
    2016
  3. C
    2017
  4. D
    2018
Question 23Single Answer
Which of the following taxes were subsumed under GST ?
  1. A
    Central Excise Duty
  2. B
    State Value Added Tax (VAT)
  3. C
    Service Tax
  4. D
    All of the above
Question 24Single Answer
GST is a multi-stage tax levied on :
  1. A
    Production of goods only
  2. B
    Consumption of services only
  3. C
    Both (a) and (b)
  4. D
    Value addition at each stage
Question 25Single Answer
What are the different types of GST ?
  1. A
    Central GST (CGST) and State GST (SGST) only
  2. B
    Central GST (CGST), State GST (SGST), and Integrated GST (IGST)
  3. C
    Central GST (CGST) and Union Territory GST (UTGST)
  4. D
    National GST (NGST) and Local GST (LGST)
Question 26Single Answer
What is the primary purpose of bookkeeping?
  1. A
    To prepare financial statements
  2. B
    To track income and expenses
  3. C
    To calculate taxes
  4. D
    To calculate profits
Question 27Single Answer
Which of the following is a primary document used in bookkeeping?
  1. A
    Profit and loss statement
  2. B
    Balance sheet
  3. C
    Invoice
  4. D
    Tax return
Question 28Single Answer
What is the definition of accounting?
  1. A
    A system for recording financial transactions
  2. B
    A method for calculating taxes
  3. C
    The process of preparing financial statements
  4. D
    All of the above
Question 29Single Answer
Which principle is followed in double-entry bookkeeping?
  1. A
    Every debit has a corresponding credit
  2. B
    Every credit has a corresponding debit
  3. C
    Both debit and credit amounts are equal
  4. D
    Both a and b
Question 30Single Answer
Which of the following is an example of an asset in accounting?
  1. A
    Accounts payable
  2. B
    Inventory
  3. C
    Loan
  4. D
    Shareholder equity
Question 31Single Answer
What is the primary purpose of accounting?
  1. A
    To calculate profits
  2. B
    To record financial transactions
  3. C
    To prepare financial statements
  4. D
    To calculate taxes
Question 32Single Answer
Which of the following is NOT a branch of accounting?
  1. A
    Financial accounting
  2. B
    Cost accounting
  3. C
    Management accounting
  4. D
    Taxation accounting
Question 33Single Answer
Which of the following is an international accounting standard-setting body?
  1. A
    IASC
  2. B
    ICAI
  3. C
    IASB
  4. D
    SEBI
Question 34Single Answer
What is the full form of IAS in accounting?
  1. A
    International Accounting Standards
  2. B
    Internal Accounting Standards
  3. C
    International Audit Standards
  4. D
    Indian Accounting Standards
Question 35Single Answer
What is the main difference between financial accounting and management accounting?
  1. A
    Management accounting deals with internal reporting, while financial accounting deals with external reporting.
  2. B
    Financial accounting is more detailed than management accounting.
  3. C
    Management accounting is based on auditing principles.
  4. D
    Financial accounting focuses on cost control.
Question 36Single Answer
Which of the following is NOT an essential element of a valid contract under the Indian Contract Act, 1872?
  1. A
    Offer
  2. B
    Acceptance
  3. C
    Registration
  4. D
    Consideration
Question 37Single Answer
According to Section 2(h) of the Indian Contract Act, 1872, a contract is an agreement enforceable by law. What is the term used for an agreement not enforceable by law?
  1. A
    Void Agreement
  2. B
    Voidable Contract
  3. C
    Bilateral Contract
  4. D
    Executed Contract
Question 38Single Answer
A contract is formed when the offer is accepted. What term is used to describe the acceptance of an offer?
  1. A
    Consideration
  2. B
    Promise
  3. C
    Proposal
  4. D
    Consent
Question 39Single Answer
In which of the following cases does an agreement become a contract?
  1. A
    When it is made with a promise
  2. B
    When both parties are legally competent
  3. C
    When the offer and acceptance meet the criteria prescribed by law
  4. D
    All of the above
Question 40Single Answer
Under Indian Contract Law, the term "Consideration" refers to:
  1. A
    A gift
  2. B
    A past voluntary act
  3. C
    A lawful act performed in exchange for a promise
  4. D
    A moral obligation
Question 41Single Answer
What is the primary objective of an audit?
  1. A
    To detect and prevent fraud.
  2. B
    To ensure that financial statements are free from error.
  3. C
    To express an opinion on the fairness of financial statements.
  4. D
    To provide tax advice to the client.
Question 42Single Answer
Who are the primary users of audited financial statements?
  1. A
    Shareholders
  2. B
    Creditors
  3. C
    Investors
  4. D
    All of the above
Question 43Single Answer
What are the three main types of audit opinions?
  1. A
    Unqualified, qualified, disclaimer of opinion
  2. B
    Favorable, unfavorable, no opinion
  3. C
    Clean, qualified, adverse
  4. D
    Positive, negative, neutral
Question 44Single Answer
What does an unqualified audit opinion mean?
  1. A
    The financial statements are free from material misstatements.
  2. B
    The financial statements contain some material misstatements.
  3. C
    The auditor is unable to express an opinion on the financial statements.
  4. D
    The financial statements are materially misstated.
Question 45Single Answer
What does a qualified audit opinion mean?
  1. A
    The financial statements are free from material misstatements.
  2. B
    The financial statements contain some material misstatements.
  3. C
    The auditor is unable to express an opinion on the financial statements.
  4. D
    The financial statements are materially misstated.
Question 46Single Answer
What does a disclaimer of opinion mean?
  1. A
    The financial statements are free from material misstatements.
  2. B
    The financial statements contain some material misstatements.
  3. C
    The auditor is unable to express an opinion on the financial statements.
  4. D
    The financial statements are materially misstated.
Question 47Single Answer
What are audit standards?
  1. A
    Guidelines and rules that govern the conduct of audits.
  2. B
    Financial statements prepared by the company.
  3. C
    Internal controls of the company.
  4. D
    The auditor's working papers.
Question 48Single Answer
What is the purpose of audit standards?
  1. A
    To ensure consistency and quality in audit work.
  2. B
    To protect the interests of investors and other stakeholders.
  3. C
    To enhance public confidence in the financial reporting process.
  4. D
    All of the above
Question 49Single Answer
Who issues auditing standards in India?
  1. A
    The Institute of Chartered Accountants of India (ICAI)
  2. B
    The Reserve Bank of India (RBI)
  3. C
    The Securities and Exchange Board of India (SEBI)
  4. D
    The Ministry of Corporate Affairs
Question 50Single Answer
What are audit procedures?
  1. A
    The specific steps taken by the auditor to gather audit evidence.
  2. B
    The financial statements prepared by the company.
  3. C
    The internal controls of the company.
  4. D
    The auditor's working papers.
Important Questions Package

FCI Assistant Grade 3 Accounts Exam Online Question Bank Package

Buy FCI Assistant Grade 3 Accounts Important Questions, MCQ, question answer in Hindi & English. It will help you to score high marks in FCI Assistant Grade 3 Accounts question bank 2026 in Online, PDF & Print study material.

+ Free Monthly Current Affairs, GK & more PDF Download
Sr.Package NameAmount
1.FCI Assistant Grade III (Accounts) Phase-I Exam - Hindi
Description : 1000 Question with Answer.
₹101 [₹500]
2.FCI Assistant Grade III (Accounts) Phase-I Exam - Hindi
Description : 2000 Question with Answer.
₹151 [₹500]
3.FCI Assistant Grade III (Accounts) Phase-I Exam - Hindi
Description : 4000 Question with Answer.
₹201 [₹500]
4.FCI Assistant Grade III (Accounts) Phase-I Exam - English
Description : 1000 Question with Answer.
₹101 [₹500]
5.FCI Assistant Grade III (Accounts) Phase-I Exam - English
Description : 2000 Question with Answer.
₹151 [₹500]
6.FCI Assistant Grade III (Accounts) Phase-I Exam - English
Description : 4000 Question with Answer
₹201 [₹500]
7.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - Hindi
Description : 1000 Question with Answer.
₹101 [₹500]
8.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - Hindi
Description : 2000 Question with Answer.
₹151 [₹500]
9.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - Hindi
Description : 4000 Question with Answer.
₹201 [₹500]
10.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - English
Description : 1000 Question with Answer.
₹101 [₹500]
11.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - English
Description : 2000 Question with Answer.
₹151 [₹500]
12.FCI Assistant Grade III (Accounts) Exam Phase II (Paper I) - English
Description : 4000 Question with Answer.
₹201 [₹500]
13.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - Hindi
Description : 1000 Question with Answer.
₹101 [₹500]
14.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - Hindi
Description : 2000 Question with Answer.
₹151 [₹500]
15.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - Hindi
Description : 4000 Question with Answer.
₹201 [₹500]
16.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - English
Description : 1000 Question with Answer.
₹101 [₹500]
17.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - English
Description : 2000 Question with Answer.
₹151 [₹500]
18.FCI Assistant Grade III (Accounts) Exam Phase II (Paper II) - English
Description : 4000 Question with Answer.
₹201 [₹500]
Back to Exam
Question for FCI Assistant Grade 3 (Accounts) 2026 - Quiz / Questions / MCQ - Toppersexam