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WorksheetsConsultancy
Total questions: 150
Worksheet time: 1hrs 25mins
Which of the following is not a characteristic of MAS practice?
MAS practice is broad in scope while specific in approach
MAS practice involves problem-solving affecting the future operations of the client
The beneficiary in MAS service is the government
MAS practice is relatively young and had been tremendously evolving in the recent times
Which of the following is not a characteristic of MAS practice?
MAS practice is broad in scope while specific in approach
MAS practice involves problem-solving affecting the future operations of the client
The beneficiary in MAS service is the government
MAS practice is relatively young and had been tremendously evolving in the recent times
It refers to the ability of the practitioner to maintain his role as an adviser or consultant without making any attempt to make decisions for the management.
Objectivity
Competence
Independence in mental attitude
Due care
The chief executive officer wants to know whether the purchasing function is properly meeting its charge to "purchase the right materials at the right time in the right quantities." Which of the following types of engagements addresses this request?
A financial engagement relating to the purchasing department
An operational engagement relating to the purchasing function
A compliance engagement relating to the purchasing function
A full-scope engagement relating to the manufacturing operation
In performing management advisory services, a practitioner must act with integrity and objectivity and be independent in mental attitude. This statement falls under:
Competence
Client benefit
Due care
Personal characteristics
The MAS Practice Standards include the following specific attributes of practice, except
Competence, confidentiality, and integrity
Personal characteristics, competence, and due care
Client benefit, understanding with the client, and planning, supervision, and control
Sufficient relevant data and communication of results
All except one are the advantages of a CPA over management consultants of other professions:
The CPA is a specialist in accounting and taxes
The CPA is known to the client and enjoys his confidence
The CPA is already familiar with the client's business
The CPA is a member of a profession with recognized standing
A CPA should not undertake a management advisory service engagement that includes continued participation through implementation, unless:
the CPA accepts overall responsibility for implementation of the chosen course of action
the CPA acquires an overall knowledge of the client's business that is equivalent to that of possessed by management
upon implementation the client's personnel will have the knowledge and ability to adequately maintain and operate such systems as may be involved
upon implementation a new study and evaluation of the system of internal control
Which of the following is not a qualification of a CPA in MAS practice?
Familiarity with the client's financial accounting and internal control systems
Analytical experience in problem-solving
Professional independence, objectivity, and integrity
Auditor of the client
A CPA should reject management advisory services engagement if
It would require him to make management decisions for an audit client
The proposed engagement is not accounting related
His recommendations are to be subjected to a review by the client
He audits the financial statements of a subsidiary of the prospective client
Management services of certified public accountants cover all of the following, except
Project feasibility studies
System design development and implementation
Organizational development and planning
Audit, tax, and legal services
As business increases in complexity, the function of controllership has attained top level recognition in the corporate arena. Many areas related to finance and accounting have been identified with controllership. One area that violates basic internal control when assigned to controllership function is
Credit collection
Internal auditing
Long-range financial planning
Taxation and reporting to government agencies
Which of the following is not a controller's function?
In-charge of planning and control
Protection of assets
Interpretation and reporting on effects of external factors on the business
Arranging short-term financing
Which of the following is not a characteristic of a "Staff" authority?
It gives support, advises and services to line managers
It is exercised laterally and upward
It has authority to command action or give orders to subordinates
None of the above
A formal report in management accounting is covered by the guidelines of
GAAP
SEC
Management
PICPA
The concept of "management by exception" refers to management's
Consideration of only those items which vary materially from plans
Consideration of only rare events
Consideration of items selected a random
Events that involve material amount
Controllers are generally not concerned with
Reporting to government
Preparation of tax returns
Protection of assets
Investor relations
The following characteristics refer to financial accounting except
Provides information to external users
Emphasizes on objective data
Has no eternally imposed standards
Generates general-purpose financial statements
Which of the following characteristics does not relate to management accounting?
Accounting reports may include non-monetary information
It is subject to restrictions imposed by GAAP
Reports are often based on estimates and are seldom useful for everything other than the purpose for which they are prepared
It provides data for external users within the business organizations
Management accounting
is governed by generally accepted accounting principles
draws from disciplines other than accounting
is geared primarily to the past rather than the future
places more emphasis on precision of data compared with financial accounting which does not place more emphasis on accuracy of information
Management accounting is an integral part of the management process. As such, it provides essential information for the following objectives except
Maintaining the current level of resources utilization as well as internal and external communication
Measuring and evaluating performances
Planning strategies and controlling current activities of the organization
Enhancing objectivity in decision-making
Which service is not provided by Investment Bank?
Banking Service
Insurance Service
Consultancy Service
Venture Capital Financing
Which one is not a function of Merchant Banking
Corporate Counselling
Mutual Funds
Manpower Staffing
Working Capital Financing
S.E.B.I Stands for
Securities Exchange Bond of India
Securities Exchange Board of India
Securities of Exchange of Banks of India
Securities of Exchequer of Bank of India
S.E.B.I was established in the year
1990
1991
1992
1993
N.S.E stands for
National Securities of Exchange
National Stock Exchange of Indian
National Stock Exchange
National Stock Economy of India
Which is not a function of S.E.B.I
Protect Interest of Investors
Provide Platform for Brokers
Regulate the Operations of Markets
Provide Platform for Manipulation in Trading
Which section under Company Law, powers to regulate and transfer securities
23
26
27
24
Which is not a power of S.E.B.I
Quasi Judicial
Quasi Executive
Quasi Administration
Quasi Legislative
Share trading takes place in which market
Trading Market
Commodity Market
Secondary Market
Primary Market
I.P.O stands for
Initial Private Offer
Initial Public Offer
International Public Offer
Internal Private Offer
What is the multitude source for face to face comunication
vocabulary, sound, eye
impression, perception, distraction
vocabulary, tonality, body language, regional accent
What are 3 types of intelligence define by Thorndike?
Cognitive ability, concrete intelligence and social intelligence
physical intelligence, emotionality intelligence and spiritual alert
personality intelligence, perception intelligence, effective intelligence
Below is the emotional intelligence element except
Relationship management
Energizers
Self-awareness
Brave
Rearrange the 5 level of listening
for application, to tell my story, for judgement, to understand, not listening
not listening, for judgement, to tell my story, for application, to understand
for judgement, not listening, to tell my story, to understand, for application
What is the good listening ability?
Talking when other person trying to explain
Concentrate on what other person saying
Just nod our head during the conversation
Show the boring expression
How many percentage that non verbal give impact the communication?
60%
35%
70%
65%
Below is the element of 7 habits of highly effctive people except
The habit of withdrawal
The habit of creative cooperation
The habit of renewal
The habit of choice
Benefit of using thinking hat
Reduce comunication
View problem as disadvantages
Maximize productive collaboration
Make meetings more longer
What is intrapersonal intelligence?
Self-centered
Selfish
Self-management
Self-unawareness
Element of energizers except
Motivation
Positive
Attitude
Passion
C language was developed by?
Charless babbage
Guindo Van Rossum
Dennis Ritchie
Tom Cruise
Java was developed at
Sonic Solutions
Sun Microsystems
Tata Consultancy Services
Centrum Wiskunde & Informatica
Python is a/an
Object Oriented Language
Interpreter
High-level
All of the above
#include <stdio.h>
int main() {
int num = 5;
printf("%d", num++ * 2);
return
0;
}
11
10
10.000000
9
Correct the syntax of for loop if it's wrong
For(I=0;I<6;;I++)
For(I=0:I<6;I++)
for(I=0;i<6;I++)
For(I=0;i<6;I++)
for(I=0;I<6;I++)
What C library should be included for the dynamic memory allocation?
stdio.h
stdlib.h
conio.h
iostream.h
#include <stdio.h>
int main() {
int a = 5;
int b = 10;
int c = a++ + b--;
printf("%d", c);
retu
rn 0;
}
(a)
#include <stdio.h>
int main() {
int x = 5;
int y = 3;
int z = x % y;
printf("%d", z);
return 0;
}
(a)
State Financial Corporations (SFC) was established to overcome_________
unemployment
financial hurdles
marketing problem
HR problems
who established SFC?
GOI
Commercial Bank
HDFC
NGO
There are at present ______SFCs
19
18
25
20
KSFC stands for______
Karnataka State Financial Corporation
Karnataka State Financial Commission
Karnataka State Fund Corporation
Karnataka Small Financial Corporation
SFC grant loans to industrial concerns and repayable within a period not exceeding _____________years
20
5
10
15
Objectives of SFC
*Financial assistance for_________,________
*Promote______
expansion, rehabilitation
self-employment
raw material,transportation
industries
importing,exporting
ancillary
KSFC finances up to Rs. 200 lakhs for ________
cooperative society, joint stock
partnership, sole proprietor firms
family business
hire purchase assistance
merchant banking facilities
underwriting of shares
bill discounting etc
these facilities are provided by_____
KSFC
SFC
SIDBI
SBI
SIDBI was established on _______
April 1st ,1991
May 2nd ,1980
April 2nd ,1995
April 2nd ,1990
Equity fund scheme - interest free loan for a period of years
6 to 8
5 to 7
10 to 12
1 to 7
Equity fund scheme
Stree Shakti Package
Composite loan scheme
Margin money scheme
Mahila Udyam Nidhi Scheme
Export finance schemes
These are the schemes of ____
SBI
SFC
KSFC
KSSIDC
KSSIDC stands for
Karnataka State Small Industries Development Corporation
Karnataka State Small Industries District Corporation
Karnataka State Small Industries Development Center
KSSIDC is an agency promoted by the _________
Government of India
Government of Karnataka
Government of Kerala
Government of Tamil Nadu
KSSIDC has also opened ____________ in all the districts of the state
small business
raw material depots
selling centers
sheds
KSIIDC
Karnataka State Investment and Development Corporation
Karnataka State Industrial Investment and Development Corporation
Karnataka State Industrial Investment and Development Commission
Kerala Industrial Investment and Development Corporation
_____is one of the first public financial institution set up in 1948
IFCI
SBI
SFC
KSIIDC
IFCI stands for______
Industrial Finance Corporation Of India
Indian Financial Corporation of India
Independent Financial Corporation of India
Industrial Financial Commission of India
green-field industrial projects means
infrastructure Project
development project
expansion project
diversification project
DIC stands for_____
District Industries Centre
Development Industries Centre
District Industries Commission
SISI stands for______
Small Institute services of India
Small scale Institute of India
Small Industries Services Institute
The functions and activities of DICs are monitored by the ________
Directorate of Industries
GOI
IFCI
Commercial bank
TCO stands for
Technical Consultancy Organisations
Term consultancy organisation
Tata Consultancy Organisation
Technical Corporate Organisation
Maximum number of people that can be joined in Joint Liability Groups is____
5
4
20
30
_ is a place where the required facilities and factory accommodation are provided by the government to the entrepreneurs to establish their industries there
(a)
This type of industrial estates caters to all types of industries
General industrial estates
Ancillary Industrial Estates
Special type industrial estates.
constructed mainly for very small firms engaged in repair work.
The Workshop –bay
Flatted factory estates
Ancillary Industrial Estates
Identify the Company
GlaxoSmithKline
AstraZeneca
Aurobindo Pharma
Astellas
Identify the Company
Novartis
AstraZeneca
Aurobindo Pharma
Roche
Identify the Company
Gilead
Biocon
Merck
Allergan
Identify the Company
Tata Consultancy Services
WNS
ZS
IQVIA
Identify the Company
Sanofi
Boehringer Ingelheim
Alembic
Ajanta Pharma
Identify the Company
Torrent
Biogen
Sun Pharma
Bharat Biotech
Identify the Company
Aurobindo Pharma
Ajanta Pharma
Amgen
Astellas
Identify the Company
Dr.Reddy's
Merck
Alembic
Ranbaxy
Identify the Company
Dr.Reddy's
Elly Lilly
Alkem Laboratories
Roche
Identify the Company
Torrent Pharma
Apex Pharma
Hetero Pharma
J.B Chemicals
FALSE
True
FALSE
True
insurance coverage
liabilities
assets
core motives
What are the primary responsibilities of an HR consultant?
Providing guidance on HR policies and procedures, managing employee relations, conducting training and development programs, and ensuring compliance with employment laws
Developing marketing strategies
Handling customer complaints
Managing IT infrastructure
Why is it important for an HR consultant to have strong communication skills?
To make the job more difficult
To avoid interacting with employees, managers, and other stakeholders
To have more time for paperwork
To effectively interact with employees, managers, and other stakeholders.
How does an HR consultant contribute to the recruitment process?
By providing expertise in marketing and advertising
By handling payroll and benefits administration
By organizing team-building activities
By providing expertise in sourcing, screening, and selecting candidates, as well as advising on best practices and compliance with employment laws.
What competencies are required for an HR consultant to effectively handle employee relations?
Customer service experience
Public speaking
Conflict resolution, communication, negotiation, understanding of labor laws and regulations
Technical coding skills
Explain the role of an HR consultant in implementing and managing employee benefits programs.
Analyzing organization's needs, researching available options, and making recommendations for competitive benefits packages
Conducting performance appraisals for employees
Managing the company's social media accounts
Handling customer complaints and inquiries
What are the key skills needed for an HR consultant to conduct effective training and development programs?
Fluency in multiple foreign languages
Proficiency in computer programming
Strong communication skills, knowledge of adult learning principles, instructional design expertise, and the ability to assess training needs
Experience in animal training techniques
How does an HR consultant ensure compliance with labor laws and regulations?
Staying updated on the latest laws, conducting regular audits, providing training, and implementing policies and procedures
Not providing any training or policies
Relying on outdated information
Ignoring labor laws and regulations
Discuss the importance of confidentiality and ethical behavior for an HR consultant.
Confidentiality and ethical behavior are important for maintaining trust and privacy of sensitive employee information, and ensuring fair treatment and compliance with laws and regulations.
Ethical behavior is not necessary as long as HR consultants follow laws and regulations
HR consultants should prioritize sharing sensitive employee information with others
Confidentiality and ethical behavior are not important for an HR consultant
Explain the role of an HR consultant in performance management and appraisal processes.
The HR consultant is responsible for organizing office events and parties.
The HR consultant focuses on recruiting new employees and conducting interviews.
The HR consultant handles the company's financial management and budgeting.
The HR consultant provides expertise in designing and implementing performance management and appraisal processes.
What are the challenges faced by HR consultants in today's dynamic work environment?
Managing diverse workforce, adapting to technological changes, and addressing employee well-being
Focusing only on cost-cutting measures
Ignoring employee feedback
Implementing outdated HR practices
These companies sell their products to retailers
employment agency
staff
consultant
suppliers
These organisation finds new employees for you
consultant
employment agency
colleagues
suppliers
These people work with you
suppliers
customers
colleagues
staff
These people pay for the services of a professional person or organization
clients
colleagues
staff
consultant
This expert outside the company helps you with problems
clients
consultant
employment agency
colleagues
These people buy our products
colleagues
suppliers
customers
consultant
These people are the employees of a company
customers
consultants
colleagues
staff
Choose the correct preposition that completes the question.
Which company do you work ___?
with
on
for
in
Which department / area do you work ___?
with
on
for
in
Who do you work ___ inside and outside the company?
with
on
for
in
What sort of projects do you work___?
with
on
for
in
What sort of problems do you deal ___?
with
on
for
in
---------------- are the people who has developed ERP package
Vendors
Consultants
Both
--------------------- invested huge amount of time and efforts in research and development to create packaged solution.
Consultant
Vendor
Client
None of these
They are also like a “GAP” between ERP package and actual business processing.
Vendor
Consultant
Client
Top Management
The main function of the ERP ------------------ is to help organizations move to ERP software.
Vendor
Consultant
Client
All of the above
ERP Consultant is responsible for
ERP Implementation
ERP Upgrade
ERP Support
All of the above
Which of the following are roles of an ERP Consultant
Driving Change Management:
Managing Implementation:
Providing Training:
Sharing Industry Knowledge:
An ERP ---------------- consultant helps you to identify the existing business process that needs to be addressed through the ERP
Implementation Consultant
Functional Consultant
Software Consultant
Technical Consultant
An ERP ------------------ consultant is responsible for providing a consultative approach to the successful and timely implementation of the ERP software.
Functional Consultant
Implementation Consultant
Software Consultant
Technical Consultant
ERP finance consultant will still play the role of an ERP consultant but will focus on the ----------------- modules.
finance and HR
finance and accounting
finance and production
finance and Payroll
----------------------- is a like a LINK responsible for fixing any problem
Vendor
Consultant
Both
None of these
a person who provides expert advice
limelight
miserable
consultant
offend
very unhappy or uncomfortable
consultant
limelight
miserable
offend
focus of public attention
consultant
betray
offend
limelight
cause someone to feel upset, annoyed
miserable
offend
limelight
betray
to do or say something that causes someone to no longer trust
consultant
miserable
betray
offend
to formally enter someone for an award or honor
nominate
limelight
consultant
Which is the correct spelling?
constultant
consultant
konsultent
conseltant
Which is the correct spelling?
miserable
meserible
misterible
miserible
Which spelling is correct?
lime light
lamelight
lamplight
limelight
Which spelling is correct?
ofend
affend
offend
oufend
Which spelling is correct?
beetrey
beetray
beitrey
betray
Which spelling is correct?
nominate
nomenate
namenate
nahminate
