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Objective Questions

Latest OMC Junior Accountant Exam Question (Objective Questions), MCQ in English

Subjects : Core Subject, General Awareness, Reasoning & Mental Ability, Quantitative Aptitude, English

Question Bank OMC Junior Accountant Exam - English

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Core Subject

Question 1Single Answer

What Is The Shortcut Key For Calculator Area?

A
Ctrl+A
B
Ctrl+N
C
Ctrl+M
D
Ctrl+C

Question 2Single Answer

What Is The Shortcut Key To Change Period?

A
Ctrl+C
B
Ctrl+F2
C
Alt+F1
D
Alt+F2

Question 3Single Answer

Which Shortcut Key Is Used To Alter The Company Info?

A
Alt+F1
B
Alt+F2
C
Alt+F3
D
Ctrl+F1

Question 4Single Answer

"Day Book" Option In Tally Available In?

A
Multi Accounting Printing
B
Display
C
Ratio Analysis
D
Balance Sheet

Question 5Single Answer

For The Internal Transaction Of Account We Use?

A
Contra Voucher
B
Payment Voucher
C
Debit Note
D
Journal Entry

Question 6Single Answer

Which accounting principle assumes that a business will continue to operate indefinitely in the foreseeable future?

A
Going Concern Concept
B
Matching Principle
C
Consistency Principle
D
Materiality Principle

Question 7Single Answer

The concept of recording revenues when earned and expenses when incurred is known as:

A
Going Concern Concept
B
Matching Principle
C
Accrual Concept
D
Consistency Principle

Question 8Single Answer

The principle that states that accounting transactions should be recorded in monetary terms is called:

A
Money Measurement Concept
B
Going Concern Concept
C
Cost Principle
D
Matching Principle

Question 9Single Answer

Which principle emphasizes that accounting records should be prepared with reasonable care and accuracy?

A
Prudence
B
Materiality
C
Consistency
D
Going Concern

Question 10Single Answer

The principle that states that similar accounting methods should be used from one accounting period to the next is called:

A
Going Concern Concept
B
Matching Principle
C
Consistency Principle
D
Materiality Principle

Question 11Single Answer

What is the primary purpose of the Conceptual Framework in accounting?

A
To enforce legal compliance
B
To provide a theoretical basis for financial reporting
C
To regulate financial institutions
D
To define organizational structures

Question 12Single Answer

Which framework ensures compliance with statutory requirements?

A
Regulatory Framework
B
Institutional Framework
C
Legal Framework
D
Conceptual Framework

Question 13Single Answer

What does the Institutional Framework primarily focus on?

A
Developing accounting standards
B
Establishing professional bodies and guidelines
C
Ensuring tax compliance
D
Defining financial statement objectives

Question 14Single Answer

Which body oversees accounting standards for companies in India?

A
Securities and Exchange Board of India (SEBI)
B
Institute of Chartered Accountants of India (ICAI)
C
Reserve Bank of India (RBI)
D
Ministry of Corporate Affairs (MCA)

Question 15Single Answer

What is a key characteristic of a Sole Proprietorship?

A
Limited liability for the owner
B
Separate legal entity
C
Single ownership with unlimited liability
D
Multiple owners sharing profits

Question 16Single Answer

What is the primary purpose of accounting?

A
Recruiting and training employees
B
Recording and communicating financial information
C
Designing production machinery
D
Conducting market surveys

Question 17Single Answer

Which statement best describes accounting?

A
A system used exclusively for preparing budgets
B
A process concerned exclusively with collecting cash
C
A technique concerned exclusively with calculating taxes
D
A systematic process of identifying, recording, classifying, summarizing and communicating financial information

Question 18Single Answer

Which of the following is a basic function of accounting?

A
Recruiting employees
B
Manufacturing finished products
C
Recording financial transactions
D
Designing advertisements

Question 19Single Answer

Which branch of accounting primarily determines the cost of products and services?

A
Cost accounting
B
Financial accounting
C
Government accounting
D
Social accounting

Question 20Single Answer

Which branch of accounting primarily provides information to managers for decision-making?

A
Financial accounting
B
Management accounting
C
Tax accounting
D
Government accounting

Question 21Single Answer

Financial accounting is mainly concerned with which activity?

A
Planning production schedules
B
Measuring employee attendance
C
Recording and reporting financial transactions
D
Conducting consumer surveys

Question 22Single Answer

What is an account in accounting terminology?

A
A list of employees of an enterprise
B
A summarized record of transactions relating to a particular item
C
A statement of production targets
D
A record of market competitors

Question 23Single Answer

Which traditional classification includes Personal, Real and Nominal Accounts?

A
Classification of vouchers
B
Classification of accounts
C
Classification of inventories
D
Classification of budgets

Question 24Single Answer

Which of the following is a Personal Account?

A
Ram's Account
B
Machinery Account
C
Salary Account
D
Purchases Account

Question 25Single Answer

Which of the following is a Real Account?

A
Commission Account
B
Building Account
C
Wages Account
D
Interest Account

Question 26Single Answer

Which of the following is a Nominal Account?

A
Building Account
B
Cash Account
C
Rent Account
D
Debtors Account

Question 27Single Answer

Which account represents a tangible asset?

A
Discount Account
B
Salary Account
C
Furniture Account
D
Commission Account

Question 28Single Answer

Which of the following is an intangible asset?

A
Goodwill
B
Inventory
C
Machinery
D
Cash

Question 29Single Answer

What is an asset?

A
An expense incurred during a period
B
A present obligation payable by an entity
C
A resource controlled by an entity from which future economic benefits are expected
D
An amount withdrawn by the proprietor

Question 30Single Answer

What is a liability?

A
Income earned during an accounting period
B
A resource owned or controlled by an enterprise
C
A present obligation of an enterprise arising from past events
D
Cash introduced by the proprietor

Question 31Single Answer

Which of the following is a current asset?

A
Building used for operations
B
Land held for office use
C
Plant and machinery
D
Trade receivables

Question 32Single Answer

Which of the following is generally a current liability?

A
Patent
B
Plant and machinery
C
Long-term investment
D
Trade payables

Question 33Single Answer

Which of the following represents owner's capital?

A
Suppliers' claim for goods supplied
B
Customers' claim against the business
C
Employees' claim for future salaries
D
Owner's claim against the assets of the business

Question 34Single Answer

What is revenue?

A
Amount invested by the proprietor
B
Income arising from ordinary activities of an enterprise
C
Amount borrowed from a bank
D
Purchase of a fixed asset

Question 35Single Answer

Which transaction represents expenditure?

A
Cash collected from a debtor
B
Capital introduced by the owner
C
Loan obtained from a bank
D
Payment made for acquiring goods or services

Question 36Single Answer

What are drawings?

A
Loans obtained by the business
B
Assets purchased for business use
C
Assets withdrawn by the owner for personal use
D
Goods returned by customers

Question 37Single Answer

What are trade receivables?

A
Amounts borrowed from financial institutions
B
Amounts due to suppliers for credit purchases
C
Amounts due to employees as salaries
D
Amounts due from customers for credit sales

Question 38Single Answer

What are trade payables?

A
Amounts withdrawn by owners
B
Amounts receivable from customers
C
Amounts invested by shareholders
D
Amounts owed to suppliers for credit purchases

Question 39Single Answer

What is a Bill Receivable?

A
A bill under which the business is entitled to receive money
B
A bill under which the business must pay money
C
A bill representing cash purchases
D
A bill representing owner's drawings

Question 40Single Answer

What is a Bill Payable?

A
A bill under which the business is liable to pay money
B
A bill under which the business is entitled to receive money
C
A document representing cash sales
D
A document representing capital introduced

Question 41Single Answer

Which term denotes goods held for sale in the ordinary course of business?

A
Liability
B
Capital
C
Inventory
D
Drawings

Question 42Single Answer

What is meant by a business transaction?

A
Every production activity regardless of financial effect
B
Every conversation between employees
C
An economic event measurable in monetary terms affecting the business
D
Every future business plan

Question 43Single Answer

Which transaction increases both assets and capital?

A
Cash is withdrawn by the owner
B
Cash is paid to a creditor
C
Furniture is purchased for cash
D
Owner introduces cash into the business

Question 44Single Answer

Which transaction decreases both assets and capital?

A
Cash withdrawn by proprietor for personal use
B
Goods purchased on credit
C
Cash received from debtor
D
Machinery purchased for cash

Question 45Single Answer

Which transaction increases both assets and liabilities?

A
Withdrawal of cash by owner
B
Cash sales of goods
C
Payment to a creditor
D
Goods purchased on credit

Question 46Single Answer

What is the accounting equation?

A
Assets = Capital + Liabilities
B
Assets = Revenue + Expenses
C
Capital = Assets + Liabilities
D
Liabilities = Assets + Capital

Question 47Single Answer

If total assets are ₹8,00,000 and liabilities are ₹3,00,000, what is capital?

A
₹3,00,000
B
₹8,00,000
C
₹11,00,000
D
₹5,00,000

Question 48Single Answer

If capital is ₹6,00,000 and liabilities are ₹2,50,000, what are total assets?

A
₹3,50,000
B
₹6,00,000
C
₹8,50,000
D
₹2,50,000

Question 49Single Answer

Which accounting system recognizes both aspects of every transaction?

A
Double-entry system
B
Single-entry system
C
Memorandum system
D
Statistical system

Question 50Single Answer

Under double-entry bookkeeping, every transaction normally affects how many accounts at minimum?

A
Two accounts
B
One account
C
Three accounts
D
Four accounts

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Core Subject

Question 51Single Answer

What is the golden rule for Personal Accounts?

A
Debit the receiver and credit the giver
B
Debit what comes in and credit what goes out
C
Debit expenses and credit incomes
D
Debit liabilities and credit assets

Question 52Single Answer

What is the golden rule for Real Accounts?

A
Debit what comes in and credit what goes out
B
Debit the receiver and credit the giver
C
Debit expenses and credit incomes
D
Debit income and credit expenditure

Question 53Single Answer

What is the golden rule for Nominal Accounts?

A
Debit the receiver and credit the giver
B
Debit expenses and losses and credit incomes and gains
C
Debit what comes in and credit what goes out
D
Debit assets and credit expenses

Question 54Single Answer

When cash is received from a debtor, which account is debited?

A
Cash Account
B
Debtor's Account
C
Sales Account
D
Purchases Account

Question 55Single Answer

When salary is paid in cash, which account is debited?

A
Salary Account
B
Cash Account
C
Capital Account
D
Debtors Account

Question 56Single Answer

When machinery is purchased for cash, which account is credited?

A
Purchases Account
B
Machinery Account
C
Cash Account
D
Capital Account

Question 57Single Answer

Goods purchased for resale are normally debited to which account?

A
Machinery Account
B
Purchases Account
C
Capital Account
D
Sales Account

Question 58Single Answer

Goods sold for cash cause which account to be debited?

A
Purchases Account
B
Sales Account
C
Cash Account
D
Capital Account

Question 59Single Answer

Which account is credited when goods are sold on credit to Mohan?

A
Mohan's Account
B
Sales Account
C
Purchases Account
D
Cash Account

Question 60Single Answer

Which account is debited when goods are purchased on credit from Sohan?

A
Sohan's Account
B
Purchases Account
C
Sales Account
D
Cash Account

General Awareness

Question 61Single Answer

Yojna a weekly journal

A
Ministry of Finance
B
Ministry of Information and Broadcastin
C
Ministry of Rural Development
D
Planning Commission

Question 62Single Answer

In ruby laser, the stimulated emission is due to transition from

A
metastable state to any lower state
B
any higher state of lower state
C
metastable state to ground state
D
any higher state to ground state

Question 63Single Answer

10^-6 M NaOH is diluted 100 times. The pH of the diluted base is

A
between 7 and 8
B
between 5 and 6
C
between 6 and 7
D
between 10 and 11

Question 64Single Answer

The respiratory quotient during cellular respiration would depend on

A
the nature of enzymes involved
B
the nature of the substrate
C
the amount of carbon dioxide released
D
the amount of oxygen utilised

Question 65Single Answer

It is said that Ashoka attacked Kalinga to get a Beautiful Girl of Fisherman Caste. Name the Girl

A
Lalita
B
Chandrika
C
Karubaki
D
Rupambika

Question 66Single Answer

The "National Biodiversity Authority" (NBA) in India is responsible for :

A
Managing water resources
B
Protecting wildlife habitats
C
Regulating access to biological resources and ensuring equitable benefit sharing
D
Monitoring air quality

Question 67Single Answer

What was the ancient name most prominently associated with Odisha in historical literature?

A
Avanti
B
Kalinga
C
Magadha
D
Gandhara

Question 68Single Answer

The famous Kalinga War was fought during the reign of which Mauryan emperor?

A
Ashoka
B
Bindusara
C
Chandragupta Maurya
D
Dasharatha Maurya

Question 69Single Answer

The Kalinga War is generally dated to which year?

A
261 BCE
B
326 BCE
C
273 BCE
D
232 BCE

Question 70Single Answer

Which ancient ruler of Kalinga is associated with the Hathigumpha inscription?

A
Harshavardhana
B
Ashoka
C
Samudragupta
D
Kharavela

Question 71Single Answer

The Hathigumpha inscription is located near which city?

A
Puri
B
Cuttack
C
Bhubaneswar
D
Sambalpur

Question 72Single Answer

Udayagiri and Khandagiri caves are principally associated with which religious tradition?

A
Sikhism
B
Jainism
C
Zoroastrianism
D
Judaism

Question 73Single Answer

Who is popularly known as “Utkal Gourav”?

A
Fakir Mohan Senapati
B
Gopabandhu Das
C
Madhusudan Das
D
Radhanath Ray

Question 74Single Answer

Who is popularly known as “Utkalmani”?

A
Gopabandhu Das
B
Madhusudan Das
C
Biju Patnaik
D
Harekrushna Mahatab

Question 75Single Answer

Odisha became a separate province on which date?

A
26 January 1950
B
15 August 1947
C
1 April 1936
D
1 April 1948

Reasoning & Mental Ability

Question 76Single 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?

A
Two
B
Three
C
Five
D
Four
E
None of these

Question 77Single 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

A
True
B
False
C
Uncertain
D
None

Question 78Single 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.

Question 79Single 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?

A
None
B
One
C
Two
D
Three
E
More than three

Question 80Single Answer

How many such pairs of letters in the word CREDIT each of which has as many letters between them in the word as in the English alphabet?

A
None
B
One
C
Two
D
Three
E
More than three

Question 81Single Answer

How many meaningful words can be made from the letters ‘LMEA’ using each letter only once in each word?

A
None
B
One
C
Two
D
Three
E
More than three

Question 82Single Answer

If it is possible to make only one meaningful word with the first, the second, the seventh and the eighth letters of the word TEMPORAL, which of the following will be the first letter of that word? If more than one such word can be made, give ‘Y’ as the answer and if no such word can be made, give ‘X’ as the answer.

Question 83Single 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 ?

Question 84Single 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?

A
SUM
B
BIG
C
Both BIG and THE
D
FOR
E
Both FOR and BIG

Question 85Single 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 ?

A
AND
B
FOR
C
THE
D
BIG
E
SUM

Question 86Single 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 ?

A
None
B
One
C
Two
D
Three
E
Four

Question 87Single Answer

Passage :

How many letters are there in the English alphabetical series between the second letter of the word which is second from the right and the second letter of the word which is second from the left of the given words?

A
Two
B
Five
C
Six
D
Nine
E
Three

Question 88Single 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 in each of the given words, each of the consonant is changed to previous letter and each vowel is changed to next letter in the English alphabetical series, in how many words thus formed will no vowels appear?

A
None
B
One
C
Two
D
Three
E
More than three

Question 89Single Answer

Passage :

Direction : Following question is based on five words given below:
BRU LEGINKCATOWN
(The new words formed after performing the mentioned operations may or may not necessarily be meaningful English words)

If the third alphabet in each of the words is changed to the next alphabet in the English alphabetical order, how many words having two vowels (same or different vowels) will be formed?

A
None
B
One
C
Two
D
Three
E
Four

Question 90Single Answer

Passage :

If the position of the first and the second alphabets of each of the words are interchanged, which of the following will form a meaningful English word?

A
Both CAT and OWN
B
Both BRU and INK
C
Only CAT
D
Only INK
E
Only LEG

Quantitative Aptitude

Question 91Single 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:__________ ?

A
51:52
B
52:53
C
51:53
D
52:55

Question 92Single Answer

Which of the following numbers is irrational ?

A
√49
B
0.125
C
√2
D
22/7

Question 93Single Answer

356 x 936 – 356 x 836 = ?

A
35600
B
34500
C
9630
D
93600

Question 94Single Answer

Arrange in descending order: 5/8, 7/10, 3/4

A
3/4 > 7/10 > 5/8
B
7/10 > 3/4 > 5/8
C
3/4 > 5/8 > 7/10
D
5/8 > 7/10 > 3/4

Question 95Single Answer

What is (3^{^}{4} times 9^{^}{2}) ?

A
3⁶
B
3⁸
C
3¹⁰
D
9⁶

Question 96Single Answer

If 3⁴X^-2 = 729, then find the value of X.

Question 97Single Answer

Convert 0.6 into fraction ?

A
3/5
B
2/3
C
4/5

Question 98Single Answer

The no. plate of a bus had peculiarity. The bus number was a perfect square. It was also a perfect square when the plate numbers were reversed. The bus company had only five hundred buses numbered from 1 to 500. What was the number ?

A
169
B
36
C
196
D
Can not say

Question 99Single Answer

If a and b are positive integers, such that ab = 125, then (a-b)^a+b-4= ?

A
16
B
25
C
28
D
30

Question 100Single Answer

If x^*y = x² + y² – xy, then value of 9^*11 is

A
93
B
103
C
60.5
D
121

Question 101Single Answer

Which is greater ?

A
15/16
B
17/18
C
Equal
D
Cannot compare

Question 102Single Answer

If sum of two numbers is 42 and their product is 437, then find their difference.

Question 103Single Answer

Write the 44000 in Roman numerals

A
XLI
B
XLVI
C
XLIV
D
XLVIC

Question 104Single Answer

Convert 0.0909… into fraction ?

A
1/11
B
9/11
C
1/9
D
9/10

Question 105Single Answer

What is (98 times 102) ?

A
9996
B
10000
C
10096
D
10196

English

Question 106Single Answer

I go to Madurai by —– Vaigai Express

A
a
B
an
C
some
D
the

Question 107Single Answer

Have the car stolen!

A
Steal the car
B
You should have the stolen car
C
Get someone to steal the car
D
They have stolen the car

Question 108Single Answer

The payment was collected by the hardworking salesman.

A
The hardworking salesman collected the payment.
B
the salesman who worked heard was able to collect the payment.
C
to collect the payment the salesman had to work hard.
D
The hardworking salesman was able to collect the payment.

Question 109Single Answer

I had to stop all my work to complete this project.

A
All other work had to be stopped to complete this project by me
B
For completing this project all other work must be stopped
C
For completing this project I had to stop all my work
D
To complete this project all other work had been stopped by me

Question 110Single Answer

They have published the names of all the successful candidates.

A
The candidates who have succeeded their names they had published.
B
The names of all the successful candidates have been published by them
C
The candidates who have succeeded their names have been published by them.
D
The names of all the successful candidate were published by them.

Question 111Single Answer

The online shopping site lowered the prices.

A
Lowering of the prices was done by the online shopping site
B
The prices were lowered by the online shopping site
C
The prices had been lowered by the online shopping site
D
The prices have been lowered by the online shopping site

Question 112Single Answer

Who taught you to drive a truck ?

A
To drive a truck by whom were you taught?
B
Driving a truck by who were you taught?
C
Driving a truck by who were you being taught?
D
By whom were you taught to drive a truck?

Question 113Single 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.

A
presented , stay
B
introduced , keep
C
announce , make
D
created , let
E
proclaimed , hold

Question 114Single 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

A
liabilities
B
responsibilities
C
estates
D
profits

Question 115Single 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

A
Affirmation
B
Slander
C
Oath
D
Testimony

Question 116Single 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

A
Alveolate
B
Cleft
C
Cavernous
D
Solid

Question 117Single Answer

Passage :

Directions: 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

Cosset

A
Ignoreb
B
Close
C
Caress
D
Fondle

Question 118Single Answer

Passage :

Directions: 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

Ogle

A
Leer
B
Gaze
C
Ignore
D
Gawk

Question 119Single Answer

Passage :

Directions: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

Intrinsic

A
Elemental
B
Innate
C
Connate
D
Acquired

Question 120Single 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

Coalesce

A
Separate
B
Adhere
C
Cleave
D
Amalgamate

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Latest OMC Junior Accountant Exam Question (Objective Questions), MCQ in English

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OMC Junior Accountant Exam Online Question Bank Package

Core Subject

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Reasoning & Mental Ability

Quantitative Aptitude

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