taxupindia.

com
S.NO QUESTION OPTION A OPTION B OPTION C OPTION D ANSWER
To perform un-matched Query, minimum required
B
1 tables/fields are one two three four
Which of the follwing wild card character is to be
D
2 represent more than 1 characters + - & *
Which of the following symbol is used to write a sub
B
3 query [] () {} #
The Sub query must always be written as a SQL
B
4 Statement FALSE TRUE
The where clause can be used in both aggregate and
A

om
5 non-aggregate query TRUE FALSE
6 Having clause is used in the aggregate query FALSE TRUE B
If the sub query is returning more than 1 row, which
C
7 operator should be sued IN ANY Any one of the above
None of the above

c
8 Which of the following is an aggregate function Sum() AVG() Count() All of the Above D

a.
B
9 How many different joins available In Access Databse 1 3 2 4

di
In MS-Access, forms help to display, add, modify and
A
10 TRUE FALSE

in
delete data
In Access form, un-bound coltrols are linked with any
B
11
12
field of Table/Query
In MS-Access, data can be edited in Reports
p TRUE
FALSE
FALSE
TRUE A
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In MS-Access, Report Header is used to print
B
13 information in Page Header Report Header All of the AboveNon of the above
ta

In MS-Access, Page Header is used to print

A
14 information in Page Header Report Header All of the AboveNon of the above
A _______________ is a query nested inside another
C
15 query select query parameter querysub-query group by query
___________________ will return the records from
the first table which do not have matching values in B
16 second table Find matched query Find unmatched Find
queryunique query
Find duplicate query
Sub queries can be used within
D
17 ______________________ select query action query other sub queries
All of the above
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Sub queries in select statement can be the part of A
18 Where clause or Having clause in Group By query TRUE FALSE
The queries that can be used for obtaining the
aggregated results instead of individual records are C
19 known as _______________ Find unmatched queriesFind duplicate queries
Group By queries
Parameter queries
A _______________ can be considered as a modified
B
20 form of Crosstab queries Datasheet form Pivot Table Pivot Chart Multiple items
D
21 Pivot Chart helps visualize a ____________________ Pivot Table Query Form All of the above

om
22 Joins created in a _______ are temporary Table Query Either A or B Both A and B B
The __________________ query returns all of the
rows from left table, and also those rows from the
A
right table that share a common value on both sides of

c
23 the join Left Outer Join Right Outer Join Inner Join Cross Join

a.
Access query result is not restricted to the table fields
but can display many other computed columns known C

di
24 as _________________ Bounded Fields Unbounded Fields
Calculated FieldsExpression Fields

in
Unbound controls are also known as
C
25 ____________________ Variables Memory Variables
Either A or B None of the above

26 table or may be unbounded

p
Computed results may be bounded to some field in the
TRUE FALSE
A
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A _______________ is a compact method of
presenting a list of choices and allows user to enter a D
ta

27 value that is not in the list Option Button Check Box Tab Control Combo box
________ controls are usually graphical objects that
do not operate as standalone solutions, and they run D
28 only in the Windows environment Add-in Plug-in Com Add-in Active X
___________ controls are useful for presenting
grouped information that can be assembled by B
29 category List Box Tab Calendar Combo Box
___________ can be created in forms to display a
A
30 summary of data Pivot Table Form with Sub form
Linked form Split form
 taxupindia.com
______________ represents the data in a graphical
B
31 form Pivot Table Pivot Chart Multiple Items Modal Dialog
The calculated values in reports are added using a
B
32 _____________ and specifying an expression Label box Text Box List Box Combo box
The calculated values in queries are displayed as
C
33 _______ in reports which use them Data Variables Fields Values
______________ is a report that is inserted into
D
34 another report called the Main report Unbound Report Bound Report Child Report Sub-Report

An ___________ is not based on a table or query, but B

om
35 can serve as a container for one or more sub-reports Bound main report Unbound main report
Main report None of the above
_________ are a way of communicating database
D
36 information Tables Queries Forms Reports
The best way to display the summary report is to

c
C
37 create _____ to represent the data Pivot Table Queries Charts Sub-Report

a.
The multiple columns for the report can be set using
A
38 the ___________ property Report Page Setup Report Wizard Report Report Print

di
D

in
The report event _______________ can be used to
39 cancel the printing of report when no data is returned On Print Cancel Print Cancel Event On No Data

40
Expressions can be used with
____________________
p Tables & Queries Forms & ReportsMacros All the above
D
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An ___________ is a value on which a calculation is
B
41 performed Operator Operand Expression Paranthesis
ta

42 Operands can be _____________ literals identifiers functions All of the above D

43 Literals are also referred as ______________ Identifiers Operators Constants Operands C
44 Identifiers are ________________ Variables Operators Constants Operands A
45 [XYZ] denotes __________ in LIKE Operator 0 or any number of characters
a single charactera set of characters
a single digit C
The BETWEEN operator cannot be used with
B
46 ______________ datatype Numeric Text Date Either A or B or C
Logical Operators are also known as
D
47 ___________________ Comparison Operators Arithmetic Operators
Miscellaneous Operators
Boolean Operators
______________ are used to override the default
C
48 order of precedence Operator Precedence Orders Parentheses None of the above
 taxupindia.com
49 A text box in which expressions are written Code Builder Macro Builder Expression Box Expression Elements C
Among +, <>, MOD, AND operator which operator
B
50 has the highest priority + MOD AND <>

A _________ allows you to automate tasks and add C

51 functionality to your forms, reports, and controls Function Expression Macro Module
In Access, ___________ can be considered as a
B
52 simplified version of VBA programming Expressions Macros Modules Switchboard

MS Access 2010 provides a _________ that contained

C

om
large list of actions to be chosen, enabling a wide
53 range of commands that can be performed Task Pane Navigation Pane Action Catalog Pane
Action Pane

Macros can automate responses to many types of A

c
54 __________ without using a programming language events queries controls Either A or B or C

a.
The Where condition is applicable as an argument for D

di
55 the macro actions __________ and ___________ OpenTable, OpenQueryOpenTable, OpenForm
OpenQuery, OpenReport
OpenForm, OpenReport
____________ provide a good flexibility to place

in
C
56 complex validation Query Advanced Filter Macros Switchboard
p
A ______________ is a Microsoft Office Access 2010
form that facilitates navigation in Access and access B
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57 to different parts of an application Navigation Pane Switchboard Tabbed Windows
None of the above
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_______________ forms are an invaluable way to A

58 keep users focused on using the database as intended Switchboard Split Columnar Pivot Table

Switchboard Manager only allows a maximum of C

59 ____________ command buttons on a switchboard 6 7 8 9
Open Form in Edit Mode allows any record to be
D
60 _______________ added edited Either A or B Both A and B
Displaying the ______________ at startup helps to
implement a level of security by hiding the key A
61 elements of the interface from the user Switchboard Login Form Password None of the above
 taxupindia.com
When same table is being used for the main query
and sub-query, it is mandatory to provide
62 __________ to the tables prefix aliases suffix None of the above B
The _______ option creates a query that reports
which records in a table are duplicated by matching
63 one or more fields in the table Unmatched Queries Duplicate QueriesCrosstab QueriesGroup by queries B
To calculate the count of orders placed for each
product and arrange them in descending order of the
64 counts, which query should be created? Sub Query Crosstab Query Total Query Pivot Table Query C
A criterion in Total queries can be created against

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65 ___________ fields Group By Aggregate Total Non-Aggregate Total
All the above D
For the Non-Aggregate Total field, the criteria can
66 only be specified using the ______ clause where group by having order by A

c
For Group By and Aggregate Total, criteria can be

a.
67 mentioned using Criteria tab of Query Design window TRUE FALSE A
This is a special type of query that can be created to

di
describe one numerical quantity in terms of two
68 other fields Sub Query Totals Query Crosstab Query Unmatched Query C

69
p
This option allows the inclusion of the grand total of
values in the row as a column in the query result in
Yes, include column sums
Yes, include row Yes,
sumsinclude Grand
Yes,Total
include column grand
B total
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A _______________ is a view in Access Queries that
allows summarising and examining data in a
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70 datasheet form Crosstab Query Totals Query Pivot Chart Pivot Table D
 taxupindia.com
S.No Question Option A Option B Option C Option D Ans

Expansion Expansion Makeup EXtensible EXtensible Makeup

1 XML stands for_________ Markup Language Language Markup Language Language C
2 XML is a ___________ Recommendation W3C W1C W2C W4C A
3 XML is a language that’s very similar to ____________ C HTML C++ JAVA B
4 XML Tag names are not case sensitive. TRUE FALSE C
Document Type Data Type
5 DTD stands for ___________ Direct to Direct Definition Definition Data to Data B
6 XML Tools would be available in Add-Ins Developer Data Review A

om
7 XML data file extension is (.xsd) (.xml) (.mlx) (.xlm) B
8 XML group available in____________Tab. Review Add-Ins Developer Data C
9 XML tags are predefined TRUE FALSE B
10 Schema files extension is __________________. (.xml) (.xsd) (.xlm) (.mlx) B

c
Visual Basic for Visual Basic for Visual Basic for Visual Basic for

a.
11 VBA stands for_______________ Application Applets Apple Auto Mobile A
12 Macro written in___________ Java Visual Basic V++ C++ B

di
Macro enabled workbook file extension is ___________

in
13 . .xlsx .xlsm .xlsv .xlsw B
Analog of Analysis of
14 ANOVA stands for___________
15 _______function doesn’t require an argument.
p Analysis of Value Analysis of Varity
DATE() TODAY()
Variance
MONTH()
Variance
YEAR()
D
B
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For calculation of
For calculation of For calculation of depreciation as For calculation of
ta

depreciation as depreciation as per Variable depreciation as per

per Sum of Years’ per Straight Line Declining Balance Double Declining
16 SLN function is used _________________ Digit Method Method. Method Balance Method B
For calculation of
For calculation of For calculation of depreciation as For calculation of
depreciation as depreciation as per Variable depreciation as per
per Sum of Years’ per Straight Line Declining Balance Double Declining
17 SYD function is used ______________________. Digit Method Method. Method Balance Method A
 taxupindia.com
For calculation of For calculation of For calculation of For calculation of
depreciation as depreciation as depreciation as depreciation as per
per Sum of Years’ per Straight Line per Declining Double Declining
18 DB function is used ______________________. Digit Method Method. BalanceMethod. Balance Method C

calculate calculate calculate calculate

depreciation as depreciation as depreciation as depreciation as per
per Sum of Years’ per Straight Line per Declining Double Declining
19 DDB is used to _______________ Digit Method Method. BalanceMethod. Balance Method D

om
calculate
depreciation as For calculation of For calculation of For calculation of
per Variable depreciation as depreciation as depreciation as per

c
Declining Balance per Straight Line per Declining Double Declining

a.
20 VDB function is used ______________________. Method Method. BalanceMethod. Balance Method A
Point Volume Point Varaiance Profit Volume Profit Variance

di
21 PV Ratio stands for _______________________ Ratio Ratio Ratio Ratio C
Balance sheet Balance sheet

in
22 BEP stands for __________________________ Even Point Break Even Point Equal Point Break Equal Point B
p
Excel provides a readymade template for preparation
23 of personal monthly budget TRUE FALSE A
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24 Discounting Factor formula is ___________________ = n / (1+a) - r = 1 + (1/r) * n = 1 / (1+a) ^ 2 = 1 / (1+r) ^ n D
ta

25 In excel-Protect sheet option, Password is not optional. TRUE FALSE B

26 In which tab, Data Validation is available? Formulas Insert Data Developer C
Which of the following function categorie is not
27 available in excel Statistical Engineering Math & Trig Trignometrical D
____________ is the area under the normal curve that Region of Region of
28 is outside of the region of certinty uncertainty Region of curve certainty None of the Above A
Normally bank transactions are also considered in cash
29 budget. TRUE FALSE A
planning for planning for planning for planning for
30 Budget stands for _______________________ Expenditure. future. Event. Meeting. B
 taxupindia.com
________________ is considered as non cash
expenditure and occupies a prominent place in Profit &
31 Loss Account. Cash Flow Depreciation Fund flow Expenditure B
32 what function is used for Sum of Years’ Digits? SOYD Digits of the Year SYD None C
____________ method of depreciation is one of the
accelerated depreciation techniques which are based
on the assumption that assets are generally more
productive when they are new and their productivity Sum of the years'
33 decreases as they become old. SLN DB VDB digits D
_______method uses a fixed rate to calculate

om
34 depreciation declining balance VDB SYD SLN A
Variable
Virtual Declining Discounting variable declining
35 VDB stands for ______________ Balance Balance balance None C

c
a.
Double Declining Variable Decling Straight Line
36 The VDB function uses the______ method by default. Balance Balance Method Costing Method A

di
__________ stands for change in the total cost that
arises when the quantity produced has an increment by

in
37 unit. marginal cost Fixed Cost Variable cost Contribution A
Excel can also be used for taking decision on
38 ___________
p Fixed Cost Marginal cost Both A& B None B
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____________ is prepared for planning for future as far
39 as movement of cash is concerned. Capital Budgeting Cash budget Both A& B Actual Budget B
ta

___________ is an estimate of pupulation Standard Standard Standard

40 Deviation from data taken from a samples Deviation Standard Error population none of the above B
____________ is the process of determining the
present value of a payment or a stream of payments
41 that is to be received in the future. Marginal costing Capital Budgeting Discounting None C
____________ is one of the core principals of finance
and is the primary factor used in pricing a stream of
cash flows, such as those found in a traditional bond or
42 annuity. Marginal costing Discounting PMT None B
 taxupindia.com
Which function is used to calculate the principal portion
43 in every installment IPMT PPMT PMT None B
________ is a process used in statistical analysis in
which a predetermined number of observations will be Snowball Systematic Simple random
44 taken from a larger population. sampling Sampling sampling sampling B
In this Method, Individuals are selected at regular Clustered Systematic Simple random
45 intervals from a list of the whole population. sampling Sampling sampling sampling C
In this case each individual is chosen entirely by chance
and each member of the population has an equal Snowball Convenience Systematic Simple random
46 chance, or probability, of being selected. sampling sampling sampling sampling D

om
_____________________ is the area under the normal
curve that corresponds to the required level of Region of Region of
47 confidence. uncertainty Region of curve confidence None of the above D
This method is commonly used in social sciences when Snowball Simple random

c
48 investigating hard to reach groups. Quota Sampling Sampling sampling sampling C

a.
It is a process in which a business determines whether
projects such as building a new plant or investing in a Business

di
49 long-term venture are worth pursuing. Investment Capital Budgeting IRR NPV B
Popular methods of capital budgeting include payback discounted cash internal rate of

in
50 period and _________________. flow return net present value All the above D
p
_________ is the value of all future cash inflows less
51 future cash outflows as on today. Net present value Working capital IRR PMT A
xu
___________is the process of defining and analyzing
the dangers to individuals, businesses and government
ta

agencies posed by potential natural and human-caused Sensitivity Qualitative risk

52 adverse events. analysis Risk analysis analysis Scenario analysis B

__________ which is used more often, does not involve Sensitivity Qualitative risk
53 numerical probabilities or predictions of loss. analysis Risk analysis analysis Scenario analysis C
________ are generally used to present information in
a simple and better way and also be used to analyse
54 the risk in a better way. Graphs Sparklines Both A& B Charts D
 taxupindia.com
It is a technique used to determine how different
values of an independent variable will impact a
particular dependent variable under a given set of Decision Tree
55 assumptions. analysis Sensitivity analysis Both A& B Neither A &B B
_______ involves computing different reinvestment
rates for expected returns that are reinvested during Decision Tree
56 the investment horizon. Scenario analysis Sensitivity analysis Analysis None A
A typical value that represents all the data points is
57 called as ___________ Median Arithmatic Mean all the above None B
__________ is a computerized mathematical technique

om
that allows people to account for risk in quantitative Monte Carlo Corporate Personal Finance
58 analysis and decision making. Finanical Planning simulation Planning planning B
________ is the process of meeting the financial goals Corporate Monte Carlo Personal Finance
59 through the proper management of finances. planning simulation Financial planning planning C

c
___________ can be defined as the process of setting

a.
the procedures in the organization for achieving the Monte Carlo Corporate Decision Tree
60 predefined goals. simulation planning analysis Sensitivity analysis B

di
61 Add_in is default Tab in Excel TRUE FALSE B
62 By default all the cells in any excel sheet are locked. TRUE FALSE A

in
Total Principal Total Interest Total Number of
63 NPER stands for______________________________p Value Per value Value Periods D
xu
A __________ is a series of commands and functions
that are stored in a Microsoft Visual Basic module and
ta

64 can be run whenever the user need to perform the task Pivot Table Solver Scenario Macro D
65 Consolidate is a What-If Analysis Tool. TRUE FALSE B
Which function that is used to calculate the payment
66 for specific loan terms ____________ sumif pmt countif none of the above B
67 _________ are not allowed in a macro name spaces wild card symbols none of the above A
The wizard that is used to create and edit charts convert text to
68 _______________ pivot table wizard chart wizard columns wizard tip wizard B
Which one of the following will be the tool that
provides a way to view and compare the results of all
69 the different variations together on the worksheet ? Goal seek Pivot table Solver Data table. D
 taxupindia.com
The ______ generates a summarised report in tabular Scenario
70 form in an interactive manner Data table Pivot table Manager Solver B
The _________ wizard separates contents in a cell into text import convert text to
71 different cells wizard columns wizard tip wizard function wizard B
A cell reference that does not change during a copy
72 operation is known as ________ . absolute relative mixed constant A

73 Circle Invalid Data option is available in ____________ Consolidate What-if Analysis Calculate Sheet Data Validation D
The wizard that is used to import text files text import convert text to
74 is_________________ wizard columns wizard tip wizard function wizard A

om
A ___________ is a summary of the financial position
of a business at a specific point in time, showing all Income &
75 assets, liabilities, and equity. Balance Sheet Profit & Loss Expenditure None A
This ratio shows ability of company to pay back long

c
term loans along with interest or other charges from Interest Coverage

a.
76 generation of profit from its operations Debt Assets Ratio Ratio Total Fund Ration None B
Which ratio indicate efficiency with which company Return on Interest Coverage Net Profit Margin

di
77 used its capital ( Equity as well as debt) Investment Ratio Total Fund Ration Ratio A

in
It is the simplest method of comparing different stocks Earnings Per Fixed Asset Over Price Earnings
p
78 at a point of time to make investment decisions share ratio
Return on
Multiple
Profitability
Gross Profit Ratio C
xu
79 ________helps to break down the Return on Equity Du Point Analysis Investment Ration None A
_______ is a common method for financing property,
ta

80 facilities, and equipment. Mortagage Leasing Rent All the above B

81 xml schema file extention is _______ .xml .xmd .xsd None of the Above C
In hypothesis test, when we can reject the H0(Null
82 Hypothesis) p-value> a p-value>=a p-value< a p-value<= a D
In Hypothesis test, when we can reject the H1 Test statistic >= Test statistic Test statistic <
83 (alternate hypothesis) critical value <=critical value critical value p-value<= a C
 taxupindia.com
A product is purchased for Rs 400000, the salvage value
of the product is 50000 after 10 years. Now I want to
findout the depreciation value of first 4 years. In the VDB(400000,5000 VDB(400000,5000 VDB(50000,4000 VDB(50000,400000
84 given following which would be the currect function. 0,10,1,4) 0,1,4) 00,10,4) ,10,1,4) A
85 In VDB function what is the "factor" if it is omitted? 4 1 3 2D

when the stright

line depreciation
is greater than

om
the declining "no_switch"
When VDB function calculate the depreciation by using balance argument is
86 Stright line method? calculation. 'FALSE' Both A and B either A or B C
A machine was purchased for Rs.1000000 in EMI at 8%

c
interest rate. Planned to repay the loan in 5 Years. In

a.
total cost Rs.100000 paid at the time of purchase . PMT(8%,5,- PMT(8%/12,60,1 PMT(8%,60,-
What is the correct function to calculate the monthly 1000000,100000, PMT(8%,60,10000 000000,- 1000000,100000,0

di
87 installment amount. 1) 00,100000,0) 100000,1) ) C
A businessman planned to get a loan Rs.1800000. If he

in
get a loan at 8% interest for 6 years, Monthly
p
Installment will be Rs.31599.83. he calculate the same
for various interest rates and loan repayment periods.
xu
Which Excel option will you suggest to him to make it
88 easy. Goal seek scenario manager Data Table None of the Above C
ta

In Data table, at a time how many arguments maximum

89 can be used for analysis? 3 1 4 2D
In a business, Intial cost of investment one year from
today is Rs.10000, return from 1st yeare is 3000, from
2nd year Rs.4200 and from third year Rs.6800. Annual
discount rate is 10%. Then to find Net Present Value of NPV(10%,- NPV(10%,-
this investment what would be the correct function in NPV(10%,10000,3 NPV(10,-10000,- 10000,6800,4200 10000,3000,4200,6
90 the given following? 000,4200,6800) 3000,-4200,-6800) ,3000) 800) D
 taxupindia.com
S.NO QUESTION OPTION A OPTION B OPTION C OPTION D ANSWER

1 Which of these is an ERP Systems? SAP Oracle All the above None of the above C

______states that the objective of the auditor is

to identify and assess the risks of material
2 misstatement whether due to fraud or error SA330 SA315 SA300 None of the above B
including the including the excluding the excluding the
entity's internal entity's external entity's internal entity's external

om
As per SA315,understanding the entity and its control control control control
3 control environment means _____ frameworks frameworks frameworks frameworks A
As per SA315,the auditor has to understand the
information systems environment relevan to Financial

c
4 _____ reporting Communication Either A or B Both A & B D

a.
In Governance Framework,The _______ is the
5 owner of the application Business team IT team Either A or B None of the above B

di
In Governance Framework,The _______ is the

in
6 owner of the data residing within the application Business team IT team Either A or B None of the above A

The communication lines are strictly drawn p

xu
between the Chief Information Officer and Chief
Financial Officer so as to maintain the ____ of
7 the data within the application confidentiality integrity availability All the above B
ta

8 The risk in an automated environment are _____ less many moderate All the above B
due to the
number and interfaces
The risk in an automated environment may be location of between the security within
9 ______ applications applications the applications All the above D
 taxupindia.com

In addtion to SA315,the auditor's in response to

Clause (i) of Sub-Section 3 of Section _____ of 142,internal 143,internal 142,external 143,external
the Companies Act,2013,have to report whether controls system in financial controls controls system in financial controls
10 the entity has adequate ______ place system in place place system in place B
______ deals with the auditor's respnsibility to
design and implement responses in the form of
audit procedures in response to work done as
11 part of SA 315. SA 330 SA 300 SA 610 None of the above A

om
The audit procedures are required for the unlisted
12 _______ listed companies companies Either A or B Both A & B D

A/An ______system inherently means that all the

c
modules within the system are seamlessly integrated

a.
connected with each other and the transactions Enterprise Enterprise Entity resource
13 flow through the relevant modules resource planning resource planning planning None of the above B

di
In ERP,____Primary set of Books are there and
14 _____ transactions reside here. one,few many,all one,all many,few C

in
Systems
Which of these is not the possible reason of whyp volume of distributed within
xu
substantive procedures may not be feasible in outsourced transactions are the same
15 ERP? nature of business processes high geographies D
International
ta

Indian Standard Standard for Indian Standard International

for Assurance Assurance for Audit Standard for Audit
16 ISAE means ______ Engagements Engagements Engagements Engagements B
Payment
Compliance Payment Payment Card
Industry-Data Compliance Payment Card Industry-Data
Sensitivity Industry-Data Industry-Data Sensitivity
17 PCI-DSS means _____ Standard Security Standard Security Standard Standard C
 taxupindia.com
areas where
CAATS may be
Involvement of used as part of
Which of the following are not the key aspects of key team the audit
18 SA 300? members procedures All the above None of the above D

A test of controls is an _____ to test the

effectiveness of a control used by a client entity
19 to prevent or detect material missatements audit strategy audit procuedure audit evidence None of the above B

om
Say whether TRUE or FALSE?
When auditors have access to systems,Auditors
should always request access to the production

c
20 or live environment TRUE FALSE A

a.
The type of access that auditors request should
21 be ______ Display-only read-only Either A or B Both A & B D

di
Auditor should request for _____access for the administrative
22 duration of the audit priviliged access access temporary access super user C

in
23 General IT controls are known as ____ controls pervasive indirect Both A & B None of the above C
p Application
xu
system
Data center and acquisition,develo
Network pment and
ta

24 Which of the following is not a category of GITC? Program change Access control operations maintenance B
______ controls are embedded into IT Automated IT-Dependent
25 applications Manual controls controls controls None of the above B
______ controls are activities in a business
process that are performed by individuals or
employees without the need to rely on a IT Automated IT-Dependent
26 system Manual controls controls controls None of the above A
 taxupindia.com
______ controls are basically manual controls
that make use of some form of data or
information or report produced from IT system Automated IT-Dependent
27 and application. Manual controls controls controls None of the above C
Unauthorized
changes to
Unauthorized systems or Direct data
28 Which of the following is not a risk in IT? access of data Temporary access programs changes B
Which of the following is not essential for the Information

om
effective implementation and operation of produced by IT-Dependent
29 General IT controls? Entity(IPE) Manual controls controls None of the above B

Which of the following are to be considered for History of errors

c
30 determining the sample size Types of control Timing of test and expectations Risk management D

a.
How does IT

di
Have formal IT communicate and
How is the policies and collaborate with Are the

in
Find the odd one out in the IT Governance department procedures been other business employees
31 Review Checklist? organised defined functions trained D
The objective of program changes is to ensure p
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that modified systmes continue to meet Financial
32 _____________ objectives Internal reporting reporting Both A & B None of the above B
ta

_____ are changes required in the existing

33 functionality of the ERP due to a business need. Minor change major change normal change data changes C

______ are changes provided by the vendor of

ERP to address known bugs,security or provide patches and
34 improvements to functionality to existing ERP. Minor change major change Bug fixes updates D
_____ are high risk because they bypass the
application controls and impact the integrity of emergency direct data patches and
35 financial data changes changes major changes updates B
 taxupindia.com
Which is the last step in change management
36 process? change request implementation testing documentation D
_______ are provided to the IT department
where the systems analysts perform analysis and All change Approved change
37 design requests requests Major changes None of the above B
system database netwrok
38 A priviliged user may be a _______ administrator administrator administrator All the above D

In a security log of ERP,if the system default

om
39 value is OFF it indicates the table log are _____ enabled disabled not defined None of the above B
Environment controls form part of the ______ of
40 access security Physical layer Network layer Application layer None of the above A
Data transfer

c
between systems Data transfer

a.
When a company has two or more IT systems as may be between systems
41 an interface ,what is the risk involved? incomplete may be inaccurate Either A or B Both A & B D

di
completeness of the validity of the
42 The objecive of AAC's are to ensure______ accuracy of data data transactions All the above D

in
_______ controls come along with the
p
43 implemented ERP and also called as Input control Inherent configurable security embedded A
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________ may not prevent or detect operation communicating
44 misstatements deficiency design deficiency control deficiency deficiency B
ta

As per ________,communicating deficiencies in

internal contol to those charged with governance
and management makes it necessary for the
auditor to communicate control deficiencies to
45 the management. SA 315 SA 330 SA 265 SA 300 C
______ controls are implemented by the
46 company at the time of installing the ERP Inherent configurable security embedded B
_____ controls are also known as processing
47 controls Inherent configurable embedded Both B & C D
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Which of the following are some basic controls in depreciation discount
48 inherent controls? Debit=Credit calculation calculation None of the above A

If the GITC's are found to be ineffective,then the

auditor will have to test the auomated controls
_______ Balance sheet date to support the
49 opinion on internal financial controls on closer to the Either A or B None of the above A
Do the auditor will have to mention if the
deficiencies were present in the prior periods of

om
50 audit? yes no A
to look into the
One commonly preferred method for testing to look into the process flow a walkthrough of
51 design effectiveness is process narratives diagrams the control None of the above C

c
a.
Auditor to
Entity Personnel perform

di
to perform a Auditor to test a substantive
52 IPE is used by relevant control relevant control procedures All the above D

in
53 The IPE can be in ___ forms 2 3 4 1 A
How many types of reports can be extracted
54 from ERP systems p 1 2 3 4 C
xu
These are reports that are available at the time
of implementation of the ERP systems by the Customised
55 entity Standard Reports Reports Database Queries None of the above A
ta

These reports are created by the entities with

respect to their businesses, revenue streams, Customised
56 divisions etc. Standard Reports Reports Database Queries None of the above B
________ are used to retrieve information or
data from a database in a readable format using Customised
57 a SELECT statement Standard Reports Reports Database Queries None of the above C
Customised
58 These reports are inbuilt into the systems Standard Reports Reports Database Queries None of the above A
 taxupindia.com

ERP comes with a set of reports that can be used

as is, if the company has implemented the ERP
59 without too many modifications TRUE FALSE A
Cash flow statement is one of the examples of
60 _________________ reports Standard Customised Database Queries None of the above A

In ___________ reports, the company has

followed their own pattern or code for Chart of Customised

om
61 Accounts (CoA), Vendors, Customers etc. Standard Reports Reports Database Queries None of the above B
______________ can be used to extract payroll
information such as leaves available per Customised
62 employee Standard Reports Reports Database Queries None of the above C

c
a.
Which of the following is not an element for Report
63 determining the testing strategy for reports Source Data Report Logic Parameters Functions D

di
Completeness of
64 Validation of Reports includes Accuracy of Logic Data Accuracy of Data All the above D

in
The Auditor has to check the ____________ of
the data before planning to understand the types p
xu
65 of reports and the procedure to validate them consistency integrity independency redundancy B
Controls in
The auditor may limit the test procedures to Business
ta

validate / test the reports when Controls in GITC Processes are

66 ________________ are effectuve effective Both A and B Either A or B C
Which of the folowing indicative commands will
be used by the company in SAP to generate
67 reports? se16 se16n sa38 All the above D

In case of a standard report, the creator/modifier

68 of the report would be the _____________ vendor company finance controller IT personnel A
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The evidence of the creator/modifier of the change

69 report can be found in _________________ logs alert management file backup B
During 1st year of audit of the entity, after
ensuring the creator/modifier value of the
report, the auditor needs to then understand and
test the _____________ and ______________ of controls, controls, completeness,
70 the report compliance efficiency accuracy accuracy, impact C

om
During subsequent years of the audit, when
GITCs and relevant Business process controls are
tested & effective, and there is no change in the reliance can be
creator/modifier value of the standard reports, no further testing placed on the

c
71 what need to be done by the auditor? need to be done report Both A and B None of the above C

a.
relied upon by the

di
used by auditors during
management to for compliance the course of the

in
72 Why to test the reports by the auditors? make decisions purposes audit All the above C

p
xu
adopt appropriate
In quarterly review of aging analysis, when report controls based
logic is working correctly, what is the next step to and substantive adopt substantive
ta

73 be done? audit procedures audit procedures Either A or B None of the above A

These reports are created by the business/IT
persons in the company for their use and Customised
74 reporting requirements Reports Database Queries Standard Reports Other tools A

The procedure to test the completeness and

accuracy of the reports have to be performed customized
75 every year in ________________ Standard Reports reports Both A and B Either A or B B
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While testing for users who have access to

create/modify the custom report, the auditor will technical
76 have to verify whether the users are __________ end users authorised users programmers consultant B

appropriate code appropriate date appropriate appropriate

If any change to the custom report has happened change should be of change should approvals should report output
77 in the year of audit, then _____________ verified be verified be verified should be verified C
These reports are extracted on ad hoc basis or on Customised

om
78 as and when basis Standard Reports Reports Database Queries None of the above C
These reports have a high probability of the data
79 being manipulated after creation Database Queries Custom Reports Standard Reports None of the above A

c
The auditor cannot rely on just one sample to controls in all there are no controls are

a.
test the completeness and accuracy assertions of domains of GITC's relevant ineffective in all
80 the report when are effective deficiencies domains of GITC's C

di
The criteria to be used to decide timing of report Inclusion of New ERP

in
81 testing Period and Entries Company Policy implementation All the above D
Appropriate
When GITC's are effective, the auditor needs to p One Sample in substantive
xu
82 follow which sampling procedure to test a report One Sample each Scenario procedures None of the above B
When there are deficiencies in the reports/IPE
that have been tested, the errors at a minimum
ta

83 may be of _______ 1 type 2 types 3 types 4 types B

____________ is when a user has the ability to

84 perform critical business activities in an ERP Role Responsibility Authorized Access Sensitive Access D

The users who have the business activities that

carry a higher risk and could have wider impact
85 onoperations are said to have _____________ Sensitive Access Authorized Access Responsibility Role A
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__________ refers to the separation or

distribution of job roles among employees in
such a way that incompatible or conflicting job Segregation of
86 roles are assigned to different persons Sensitive Access Duties Roles Profiles B

___________ are typically regular employees

who carry out day-to-day business operations
87 and transactions using the ERP Normal Users End Users Business Users All the above D

om
________ users are internally used within the
ERP to perform automated operations and
88 transactions Normal Users System Users End Users Business Users B

c
These are a type of super users who have very

a.
extensive or unlimited access to carry out all or
89 several activities in an ERP environment Normal Users System Users Previleged Users Business Users C

di
These are the users that come packaged along
90 with the ERP software Normal Users System Users Previleged Users Default Users D

in
_________ represent a title, position,
designation or function, place or region within a
company and do not represent an individual or p
xu
91 person System Users Previleged Users Generic Users Default Users C
These are users who are given user id for a
92 limited time period System Users Temporary Users Generic Users Default Users B
ta

These are users who do not belong to the

93 company System Users Temporary Users Generic Users External Users D
Users access to ERP is based on _______ of
94 respective users Job Roles Responsibilities Either A or B Both A and B D
The relationship between ERP Roles and Users is
95 __________________ One to Many Many to One Many to Many One to One C
___________ are access control features in an
ERP that enable grouping of several related
96 access rights in to a form Roles Profile Both A and B None of the above C
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Roles offer an easy to understand, fast and

reliable way to manage user access to an ERP.
97 This feature is known as ____________ RBAC RBFC RBOC None of the above A

98 A ________ represents a high-level grouping User Role Profile None of the above B

A _________ is the more granular internal

technical grouping of authorisations, permissions

om
and access rights winin the ERP based on the
99 input derived from the Role User Profile Either A or B Both A and B B
Segregation of duties can be implemented as
100 _____________ control Preventive Detective Either A or B None of the above C

c
Tool used in implementing and review of

a.
101 segregation of duties and sensitive access SAP GRC Oracle GRC BIZRights All the above D
Auditing standards require auditors to obtain the

di
102 evidence for _________ point-in-time full period of audit Either A or B None of the above B
User access controls are like ________ in an ERP IT dependent application

in
103 environment GITCs controls controls None of the above C

p should evaluate
xu
When an auditor found deficiencies in User should report the impact of
Access Controls, the auditor deficiency to ignore the record the these deficiencies
104 __________________ management deficiency deficiency on the audit D
ta

The auditor should first gain and understand the

___________ before auditing segregation of Business
105 duties and sensitive access in an ERP Environment IT Environment Both A and B Either A or B C
______ make it easy to manage user access to an
106 ERP Role Profile SA SOD A
Reliability of user access controls in an ERP
depend on effectiveness of IT dependent application
107 __________________ GITCs controls controls None of the above A
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Business rules for implementing segregation of

108 duties should be defined by the ________ Auditor Company IT Consultant Government B
Which of the following is an example of Generic
109 Users? Auditors Consultants Sales User Business Partners C
Which of the following is an example of External
110 Users? Auditors Support Users Sales User Business Partners D
Which of the following is an example of
111 Temporary Users? Auditors Vendors Sales User Customers A

om
SAP the purchase and inventory processes are Procurement Inventory Materials Accounts
112 provided in the module known as____________. Management Management Management Management C

c
____________Where the IT infrastructure

a.
including operating system,database,Network or
hardware are changed but not change in version Non-Technical Technical Non-Data

di
113 or functioning of ERP. Migration Migration Data Migration Migration B
The Key Phases in any ERP migration project will

in
consist of planning,system Data
114 design,________,Testing and Go Live. Data Conversion Data Migration Data Convergence Configuration A
p In-House
xu
115 Which of the following is example of an ERP SAP Oracle R12 Developed All of the above D
Which of the following activity is part of the Allocation of
116 system design phase of a migration Budget Configuration Mock Conversion All of the above B
ta

Allocation of
117 __________ happens in Planning Phase. Budget Configuration Mock Conversion All of the above A
Allocation of
118 ________is part of Data conversion phase. Budget Configuration Mock Conversion All of the above C
How many Phases are there in data migration
119 strategy 4 5 6 7B
__________ In this phase of migration the
objectives of migration and the migration
120 strategy are defined. System Design Data Conversion Planning Testing C
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At which phase of the migration would rollback

121 procedures be triggered,if necessary Planning Data Conversion Go-Live Migration Testing C
Rollback procedure are defined in the
122 ____________ phase. Data Conversion Planning Go-Live Migration Testing B
User access and
Which of the following require specific segregation of
123 considerations during a migration. duties Open items Master data All of the above D
During pre-

om
implementation
/Post- When reviewing
Where would auditors review migration process implementation general IT
124 and controls. reivews Controls Both A& B None of the above C

c
___________ should be prepared and Allocation of Technical

a.
125 maintained for all phases of migration Documentation Budget Configuration Migration A

di
In Oracle the purchase and inventory processes Procurement & Material & Migration and
126 are provided in the __________ module Inventory Inventory Inventory None of the above A

in
_________ can be used for implementation of a Microsoft
127 completely new accounting system. QuickBooks Dynamics Open Bravo All of the above A
p
Information Information
xu
Reports and system generated data IPE processed by Information projected by
128 i.e._________________ could change. entity planned by entity entity D
ta

___________phase of migration process

prepares including the process flows,data flows
129 and business process re-engineering. Data Conversion System Design Planning Go-Live B
__________ phase of migration involves
identification of source data,mapping between
130 source and target system Data Conversion System Design Planning Go-Live A
Intermediary data stores called ____ areas are
131 used to hold convert and transfer data. Integrity Data Conversion Staging Mock Conversion C
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In __________ phase integrity checks are done

132 to ensure completeness and accuracy of data. Data Conversion Sysmen Design Planning Go-Live A
_____________ are carried out iteratively to
133 rectify errors and data inconsistencies. Planning Data Conversion Sysmen Design Mock Conversion D
In ______ phase scenarios and scripts are
134 prepared for the new system. System Design Testing Data Conversion Go-Live B

A_______________ project provides an

om
opportunity to review and carry forward only the
135 relevant data and discard obsolete data. Technical Functional Migration Accounts C

The auditor may consider using the work

c
performed by internal auditors in accordance

a.
136 with guidance given in __________ SA 630 SA 330 SA 310 SA 610 D

di
137 How many types of journal entries are there ? 3 2 5 4A

in
_________transactions pertaining to sales,
purchases, inventory, rent, audit fees, AMC p
xu
expenses, salaries etc. are subject to internal Non Standard
138 controls as defined by the company. Standard Entries Entries Top up Entries Top Down Entries A
_________these entities record
ta

nonrecurring,unusual transactions or adjustment Non Standard

139 entries in the ERP’s. Standard Entries Entries Top up Entries Top Down Entries B
__________These entries may not be subject to
the same level of rigour of the internal controls
or may not have passed through any controls at Non Standard
140 all. Standard Entries Entries Top up Entries Top Down Entries B
_____________are residing outside the books –
for example in excel sheets etc. and may impact Non Standard
141 the financial statements. Standard Entries Entries Top up Entries Top Down Entries C
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If the journal entries are passed using a specific

journal type then a list of such entries can be
extracted from the system. For example, journal Material Journal Missing Journal Match Journal Manual Journal
142 types could be MJV i.e._____________ Vouchers Vouchers Vouchers Vouchers D

ERP/application should have ________ many

fields and the company must be entering data in
143 these fields for them to be extracted. 17 18 19 20 A

om
_________ the entries passed during the year to
the balances in the Trial Balance. The auditor
may use ACL/IDEA Caseware/MS Access/Excel to

c
144 perform __________ testing Roll Down Roll forward Roll Back Roll up B

a.
Using tools such as ______, IDEA Caseware, MS
Access, Excel etc., the auditor can test the data

di
145 for completeness ACL ADL ABL AGL A
__________ can also help in finding out if there

in
146 are duplicate journal numbers used. ACL Ms Access CAAT All of the above D

p
147 ______Accounts that are used very infrequently. Unusual Intercompany Seldom Non General C
xu
Non Stimulated Non Standard Non Sensitive Non Segregated
148 What is the expansion of NSJE__________ Journal Entries Journal Entries Journal Entries Journal Entries B
ta

The unusual, non-recurring transactions may

149 generally be directly entered in_________ Sub ledgers General Ledger Excel sheets None of the above B
Estimates, impairments are generally a type Non Standard
150 of__________ Standard Journals Top up journals journals None of the above C
While understanding the IT/ERP systems used to SA/SOD among IT
record entries, the points to note Automated or and Business Timing of passing
151 are___________ Manual entries teams the entries All of the above D
 taxupindia.com
Personal gain such Debts
Some of the fraud risk factors to note which may as Bonus, requirements for
152 lead to unusual transactions are_____ Sales Targets incentives etc. banks etc. All of the above D

A key factor to be kept in mind while making Ask close ended No discussions Ask open ended
153 enquiries of personnel are_______ questions required questions None of the above C
Risk of
management Risk of lack of
Which is the main risk due to Non Standard Risk of Material override of Risk of lack of segregation of

om
154 Journal entries: misstatement controls sensitive access duties. A
__________are entries that may be passed as a
result of fraud. Hence, this is the main risk.
Another risk can also be risk of management

c
155 override of controls. NSJE NSVE NSUE NSWE A

a.
It is possible that a Non-standard journal entry
may not have relevant ____________

di
156 supporting. Non-Printed Printed All of the above None of the above B

in
In industries/sectors, where volume of data is
huge, ________________ testing may not be an
157 appropriate way of testing completeness of data. p Roll Down Roll forward Roll Back Roll up B
xu
______________ to be achieved may be a key
fraud risk factor from an investor/ stock holder
perspective leading to Non-standard journal Operational
ta

158 entries. Purchase Targets Marketing Targets Sales Targets Target C

_____________ to be achieved may be a key
fraud risk factor from a bank/financial institution Non-Debt Monetary Non-Monetary Debt
159 perspective. Requirements Requirements Requirements Requirements D
To bring in efficiencies in the process of
extraction and analysis of JE data, the auditor
160 may use ____________ Developer Scripts Software Scripts Testing Scripts Hardware Scripts B
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Automated Automated Automated
command Automated corrected computer
161 What is the expansion of ACL__________ language control language language language A

c om
a.
di
p in
xu
ta
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Sl.no Questions Option-A Option-B Option-C Option-D Ans
An _____________ is a group of people with a
1 common goal, having certain resources at its Company Enterprise Organization Concern B
disposal to achieve the common goal

________________ include money, manpower,

2 Costing Production Sales Resources D
materials, machines, technologies etc.

A _______________ is a collection of activities

Business
3 that make one or more kinds of input and creates Business Model Business Function Business Process C
Operation
an output that is of value to the customer

om
Information systems can be designed so that
Non-Integrated Non-Isolated
accurate and timely data are shared between Integrated Isolated Information
4 Information Information A

c
functional areas. These systems are called Information Systems Systems
Systems Systems
_______________________________

a.
The approach to ERP is to first develop a
____________________ comprising the business Business

di
5 Business Model Business Function Business Process A
processes or activities that are the essence of a Operation

in
business
The business model is represented in the graphical
flowcharts, flow
6 form using ______________ and
________________
p charts, pictures smart art, clip art
diagrams
graphs, shapes C
xu
Online Analysis Online Analytical Online Analytical None of the
7 OLAP stands for _________________ B
Processing Processing Programming above
ta

________________ is a tool that refers to skills,

processes, technologies, applications and practices Business
8 Data Warehousing Data Modeling Business Modeling D
used to facilitate better, accurate and quicker Intelligence
decision making
Non-Isolated
Business Intelligence Systems are data-driven Integrated Decision Support
9 Information Systems Information C
___________________ Information Systems Systems
Systems
___________________ technology is the process
Business
10 of creating and utilizing the company's historical Data Warehousing Data Modeling Business Modeling A
Intelligence
data
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______________ can be defined as subject-
oriented, integrated, time-variant, non-volatile Operational
11 Data Models Data Warehouses Data Mines B
collections of data used to support analytical Data
decision making
________________ databases contain detailed
data that is needed to satisfy processing
12 Operational Non-Operational Subject-Oriented Informational A
requirements but which has no relevance to
management or analysis
Data in the Data Warehouse is ______________,
13 Dynamic, Static Non-Volatile, Static Volatile, Static Static, Dynamic D
not ____________

om
ODS stands for Operational Data Optional Data Operational Data Optional Data
14 C
_______________________________ Storage Storage Store Store
____________ data contains an historical
Operational, Informational, Informational,
15 perspective that is not generally used by the Operational, Static D

c
Informational Static Operational
_____________ systems

a.
Establishing a data
Identifying and Defining the correct
warehouse help

di
prioritizing subject level of
Which of the following is/are the data desk and training All of the
16 areas to be included summarization to D

in
warehousing activity? users to effectively above
in the Data support business
utilize the desktop
Warehouse decision making

The definition of data elements in the data

p tools
xu
warehouse and in the data sources, and the
17 Masterdata Detaileddata Metadata Basedata C
transformation rules that relate them, are referred
ta

to as ___________
Data warehouses are not the optimal environment
18 Structured Unstructured Informational Operational B
for ____________ data

19 Maintenance Costs are high for Data Warehousing TRUE FALSE A

Credit Card Churn Insurance Fraud Logistics All of the
20 Data Warehousing can be used for D
Analysis Analysis Management above
_________________ is the process of extracting
21 Data Analysis Data Warehousing Data Mining Data Modeling C
patterns from data
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___________________ is an approach to quickly Business Processing Online Analytical Product Life Cycle Supply Chain
22 B
answer multi-dimensional analytical queries Management Processing Management Management

The Output of an OLAP query is typically

23 Matrix Columnar Stepped Outline A
displayed in a ___________ format
___________________ is the succession of
Business Processing Online Analytical Product Life Cycle Supply Chain
24 strategies used by management as a product goes C
Management Processing Management Management
through its life cycle

A _____________ is a network of facilities and

distribution options that performs the functions of

om
procurement of materials, transformations of these Online Analysis Product Life
25 Business Processing Supply Chain C
materials into intermediate and finished products Processing Cycle
and the distribution of these finished products to

c
the customer

a.
_______ integrates supply and demand
26 BPM SCM PLM CRM B
mangement within and across companies

di
__________ includes transportation from Production
27 Inbound Operations Outbound Operations Sourcing planning A

in
Suppliers and receiving inventory planning
Which of the following is not the service area of
28 Logistics Asset Management PLM CRM D
SCM? p
______________ CRM provides support to "front Consumer
xu
29 Operational Analytical Social A
office" business processes Relationship
ta

_____________ CRM covers aspects of a

company's dealings with customers that are Consumer
30 Operational Collaborative Social B
handled by various departments within a company, Relationship
such as sales, technical support and marketing

Really simple Really super Rare simple Rare super

31 RSS stands for _____________________ A
syndication syndication syndication syndication
Revenue on None of the
32 ROI stands for _____________________ Return on Investment Both A & B B
Investment above
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______________ companies is planning to
33 support tens of millions of customers with just B2B B2C C2B C2C B
hundreds of employees
Which of the following is the decisive feature of Architecture of None of the
34 Network as platform Both A & B C
the framework? participation above
Unsuitable for
Which of the following is the limitation of Open Increased All of the
35 Legal Complexities conventional D
Source ERP? Complexities above
applications
Which of the following is not an Open ERP
36 Openbravo SQL-Ledger Open-Project ERP5ERP C
software?

om
_____ is the process of integrating all the business
None of the
37 functions and processes in an organization to EDI ERP BPM B
above
achieve numerous benefits

c
________ must consider the fundamental issues of
Top Management Either A or B
38 system integration by analyzing the organization's Manager Auditor A

a.
Commitment or C
vision and corporate objectives

di
ERP ________________ requires organizations to
reengineer their key business processes

in
reengineering of the existing processes, None of the
39 Traps Security Audit Implementation C
integration of ERP with other business above
p
information systems, selection of right employees,
xu
and training of employees on the new system

The more the number of __________, the longer

40 modules process package units D
ta

the implementation time

In which step of the ERP implementation,
41 educating and recruiting end users will be Step 1 Step 2 Step 3 Step 4 B
involved

The system ____________ process will address

42 issues such as software configuration, hardware implementation upgradation installation migration C
acquisition and software testing
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A __________________ review is recommended
post None of the
43 to ensure that all business objectives established pre implementation under process review C
implementation above
during the planning phase are achieved

In _________________ stages, auditors have

44 access to rudimentary ERP tools and capabilities post implementation pre implementation Both A & B Either A Or B A
for auditing security configurations
Customization of ERP systems is one of the major
45 TRUE FALSE A
challenges in auditing ERP security

__________ is the World's one of the fastest and

om
None of the
46 most powerful concurrent multi-lingual business Tally Tally.ERP 9 Both A & B B
above
accounting and inventory management software

c
Immediate posting and updation of books of
Immediate Real Time Business
47 accounts as soon as the transactions are entered. Interactive Processing C

a.
Processing Processing Processing
This is called as __________

di
Tally.ERP 9 provides graphical analysis of data
48 TRUE FALSE A
which helps the user to perform deeper analysis

in
The user can ________ the company data into
49 multiple companies as per financial periods
required
p Import Export Split Backup C
xu
E-Filing of Returns refers to the process of
Any of the
50 electronically filing your tax returns through the Intranet Internet Extranet B
above
ta

___________
Select Alt+E from
the required
We can fill up the
Return/Form/Annexu Neither A Nor
51 Which of the following is true? details online and Either A or B C
re to export to .xls B
submit eVAT returns
format and then
upload the same
 taxupindia.com
Tally.ERP 9 does not allows you to export the
ETDS forms in NSDL compliant formats as well
52 TRUE FALSE B
as facilitates printing of TDS Forms in Physical
Form. True or False
Which of the following ETDS forms are available Form 26, Annexure to Form 27, Annexure Form 26Q, All of the
53 D
in Tally.ERP 9? 26 to 27 Annexure to 26Q above

The exported eTDS file from Tally.ERP 9 can be

File Validation File Validation File Valuation File Valuation
54 validated through NSDL's freely downloadable B
Program Utility Program Utility
utility called __________________

om
The ETCS forms available in Tally.ERP 9 are All of the
55 Form 27E Form 27 Form 26 A
_________ and ____________ above
Tally.ERP 9 allows accounting with the regular
56 TRUE FALSE A
names without any account codes

c
A multi-user version of Tally.ERP 9 can be

a.
installed on a network, having any number of
57 computers with different operating systems such TRUE FALSE A

di
as win 95, 98, NT, 2000, XP, Vista, Windows 7,
Windows 8, etc.,

in
With ______________ technology the characters
58
p
are reduced in breadth and user is allowed to input
Tally Fix Tally Adjust Tally Fit Tally AutoFit C
xu
additional characters which would make the
account name, entity complete and readable
ta

The Tally.ERP 9 __________________ provides

the user with administrator rights and the
HTTP-XML based Unlimited multi-
59 capability to check the entries made by the User-defined Security Audit Feature D
data interchange user support
authorised users and alter these entries, if
necessary
Tally.ERP 9 offers a data encryption option called Tally Data Tally Data
60 Tally Data Encoding Tally Vault C
_______________ Encryption Conversion
Oracle
ODBC stands for Open Database Open Database Oracle Database
61 Database B
___________________________ Connection Connectivity Connection
Connectivity
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___________________ is the process of
Asynchronizati
62 exchanging Tally.ERP 9 data between two or Serialization Randomization Synchronization C
on
more locations
Which of the following is the not the previous
63 Tally 4.5 Tally 6.4 Tally 7.2 Tally 8.1 B
version of Tally?
Can data of new version be migrated to old
64 Yes No B
version?

The Tally website offers _______________, by

65 which a user can communicate with a Tally Tally Forum Tally FAQ Tally Support Tally Chat D
representative and get required information

om
__________________ is an enabling framework
which establishes a connection through which the Direct Web Browser
66 Web Publishing Tally.NET Email facility C

c
remote user can access the Client's data without Access

a.
copying/transferring the data

Tally.NET use _______________ for centralised Administration

di
67 Data Centre Control Centre Cloud Centre B
Account Management Centre

in
The data is transferred between the remote
68 location and the server using a secured mechanism Encoding Decoding Encryption Decryption C
called __________________ p
xu
_____________ works as an interface between the
user and Tally.ERP 9 installed at different sites, it Administration
69 Control Centre Data Centre Cloud Centre A
enables the user to centrally configure and Centre
ta

administer site / user belonging to an account

A chartered accountant as an
__________________ is exposed to various
70 operational risk factors viz., time, increasing travel Administrator Auditor Expert Entrepreneur D
& people costs, limited availability of skilled
manpower, intense audit periods
 taxupindia.com
The ____________ edition provides the Chartered
Accountants with Tax Audit and Statutory
71 Compliance tools which equips him/her to retrieve Educational Mode Silver Gold Auditor D
the required information on the basis on which he
form an opinion
Generate Annexure for Tax Audit under Sec
_____ using Auditors' Edition of Tally.ERP 9, a
72 44A 44B 44AB Both A & B C
Chartered Accountant can provide services to their
clients
Data Reliability
Which of the following is one of the Concurrent multi- Accounting

om
73 Real time processing and Automatic C
Technological Features in Tally.ERP 9? lingual capability without Codes
Recovery
Which of the following is one of the salient Codeless user Graphical analysis of Split Company
74 Scalability D
features of Tally.ERP 9? interface data Data

c
To utilize Tally.NET in Tally.ERP 9, which of the Configuring Creating Remote Authorizing All of the

a.
75 D
following is the pre-requisite? Tally.NET features Users Remote Users above

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76 What is the short cut key for Tally.NET features? F1 F2 F3 F4 D

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Which of the following will be displayed in the All of the
77 Company Name Account ID Serial Number D
List of Companies screen? above

If we want the company to be connected

p Allow to Connect None of the
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78 automatically for remote access on load, the Contact On Load Either A or B B
Company above
property __________ needs to be set it as Yes
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Allow to
In order to enable Tally.NET in Tally.ERP 9, the
79 Enable Tally.NET Contact On Load Security Controls Connect C
___________ needs to be set to "Yes"
Company

A message "Company connected successfully" is

80 Calculator Version License Configuration A
displayed in the ________________ panel

The remote users are broadly classified into _____

81 two three four five A
security levels
To create Remote Users, the security level should None of the
82 Owner Standard User Either A or B B
be _________________ above
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None of the
83 Tally.Net ID has to be a valid _________ only Account ID User Name Email ID C
above
______________ enables the user to centrally
Administration
84 configure and administer Site / User belonging to Data Centre Control Centre Cloud Centre B
Centre
an account
Surrender, Confirm or Create users with
Which of the following is the advantage of the Manage Jobs and All of the
85 Reject activation of a predefined D
Control Centre? Recruitments above
site security levels
Which of the following is not the predefined Tally.NET
86 Owner Tally.NET User Tally.NET Owner C
security levels in Tally.ERP 9? Auditor

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The Account _________________ is authorised to
87 surrender, confirm a site license or Reject the Administrator Owner Auditor User A
request received on activation from another site

c
On starting Tally.ERP 9 the Gateway of Tally

a.
screen appears displaying the Edition and Users
None of the
88 are under Version block, and the Serial Number Horizontal Bar Information Panel Vertical Bar B

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above
and Account ID under License block of the
______________

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______________________ enables user to enter
Change Account Profile Licensing &
89 the essential information related to the
Account/Site ID
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Admin Management Configuration
C
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_______________ enables user to change the Change Account Profile Licensing &
90 User Management B
Account Administrator's ID Admin Management Configuration
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Want to set
Set ___________________ to "Yes" to create a can be overridden None of the
91 Enable ODBC Server client/server C
fresh set of configuration locally above
configuration
Manage
92 Which one of the following is not an access right? Alter Account Admin Manage Sites Manage Users D
Passwords
Tally.NET
_________________ should be set to "No" for Tally.NET Tally.NET Tally.NET Auditor
93 Auditor B
local users Authorisation Authentication Authorisation
Authentication
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QNO QUESTION OPTION A OPTION B OPTION C OPTION D ANSWER
1 ______ file cannot be easily converted into Excel XML CSV PDF TEXT C
______ function is used to calculate the present values of all
2 future cashflows. FV PV NPV IRR C
3 _____ is the rate of discounting at which NPV=0 FV PV NPV IRR D
If Guess parameter is not specified by the user in IRR,Excel
4 assumes it to be ___ 9% 14% 10% 13% C
In case if the cash flows occur unevenly,then we may use ____ None of the
5 and ____ in excel PV & IRR XNPV & XIRR NPV & IRR above B
_____ Function is used for calculating depreciation as per None of the

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6 Written Down Value Method SLN DB All the Above above B
_______ Function can be used while verifying depreciation None of the
7 expense claimed by the auditee DB SLN All the Above above A
None of the

c
8 _____ Function is used for calculationg maturity dates Date Month NetworkDays above D

a.
In EOMONTH() , if the second argument(months) is defined as before 2 None of the
9 2 it will yield month end date ______ months after 2 months #N/A above B

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Will the EOMONTH() will take the leap year factor into
10 account? YES NO A

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EDATE() returns the date with the _____ which is specified
11 number of months before and after the start date. Next day previous day same day
None of the
above C
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EDATE() can be used to derive schedule of dates at
12 _____intervals unequal equal Either A or B Neither A or B B
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Which of these is/are mandatory arguments in

13 NETWORKDAYS()? start date end date Either A or B Both A & B D
excluding including
In NETWORKDAYS(), holidays argument will contain the Saturday & Saturday &
None of the
14 holidays list______ Sunday Sunday
above A
Which of these function can be used,If we had to calculate the
working days where the weekends are treated as Friday and NETWORKDA None of the
15 Saturday? YS() NETWORK.INT() NETWORK.INTR() above D
None of the
16 The output of WORKDAY() will be a ______ Number Date Number or Date above B
 taxupindia.com
In WORKDAY(),if we want to go backwards and derive a date None of the
17 in the past,then we must specify days as_____ Zero Positive Negative above C

If you wish to obtain the days remaining after casting out None of the
18 completed weeks,then which of these function can be used? QUOTIENT() MOD() Either A or B above B
If you wish to obtain the completed weeks,then which of None of the
19 these function can be used? QUOTIENT() MOD() Either A or B above A
Which of these operator can be used for joining two or more
20 text strings together? comma ampersand space hash B
21 Can we perform a non case-sensitive comparison? YES NO A

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22 _____searches for a value in first column of data/table array Hlookup Vlookup Match Index B
In VLOOKUP(),the search of the lookup value is performed in
23 the ____ most colum of the table array Left Right Either A or B Neither A or B A

c
The search is The column

a.
Lookup value always index number
is the value performed in should be the All the four

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which is to be the leftmost relative position arguments are
searched in column of the of the respect mandatory

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24 Which of these is incorrect with respect to VLOOKUP()? table array tavle array column arguments D
p
In VLOOKUP(),if the lookup_value being searched in a
25 slab/range of numbers then_____should be used
EXACT
MATCH
APPROXIMATE
MATCH Either A or B Neither A or B B
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While using Approximate match type in VLOOKUP(),the table
should be sorted in ______ on the basis of the leftmost ascending descending
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26 column. order order Either A or B Neither A or B A

col_index_numb row_index_numb
27 Which of these is not an argument in HLOOKUP()? lookup_array er er Both A & B D

______function returns the value or reference at the

28 intersection of a specified row and column,from an array. Hlookup Vlookup Match Index D
None of the
29 Which of the following is an optional argument in MATCH()? Lookup value lookup array match type above C
 taxupindia.com
Only one one row or one multiple rows or
30 Lookup array means you can select ______ Only one row column column multiple columns C
If we need to perform right to left lookup in a table,then
31 _____ can be used INDEX() MATCH() Both A or B Either A or B C

The processing
requirement is
It performs lower as
Which of the following is not an advantage of Index match left to right compared to It can also be It avoids data

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32 combination? lookup Vlookup used as Hlookup redundancy A
33 _____ returns the reference specified by a text INDEX() MATCH() INDIRECT() All the above C

34 IFERROR() is a brilliant function introduced in Excel _____ 2010 2007 2013 2003 B

c
In IFERROR(),value if error argument will be executed if value

a.
35 argument generates _____ #REF! #VALUE? #N/A #DIV/0! B
None of the

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36 Countblank function is the reverse of _____function COUNTA() COUNTIFS() COUNTIF() above A
where data

in
Countblank could be used in detectinig cells which have remained entry is None of the
37 inadverently _________ p
_____ function returns the kth largest number from a list of
blank incomplete Both A & B above
None of the
C
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38 numbers. MAX LARGE Either A or B above B
Which of these helps us to understand the interelationship Trace Trace
ta

39 between the cells Precedents Dependents Either A or B Both A & B D

If the cell is deleted without bothering about tracing its None of the
40 dependents,then the resultant cell will carry _______ error #NAME? #N/A #REF! above C
Trace
41 _____ is a dedicated tool for tracking down the errors Go to special Dependents Trace Precedents Error Checking D
Error checking feature will not identify errors in the
42 ____behind formula construction syntax logic Either A or B Both A & B B
If we want a quick evaluation of only one of the parts of the Evaluate
43 formula,we can make use of ____ formula F9 Either A or B Both A & B B
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44 Which of these operators will be executed 2nd in Excel? Brackets Addition Exponents Division C
By using Conditional Formatiing,you can hghlight cells
45 containing _____values duplicate unique Either A or B Both A & B D
46 Remove Duplicates is introduced in Excel___ 2010 2007 2003 2013 B

47 In Excel,Using Number Filters,We cannot extract______ values Top 10 Bottom 10 Above Average Below Average B
In Date Filter, all dates in the period option helps to obtain
48 records for different____ months quarters years All the above D
For using Pivot tables,we need to have a dataset in ______

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49 format rectagular flat Either A or B Neither A or B C

50 In Excel,Which of the following is not a field in Pivot Table? Report Filter Column Labels Row Labels Filter field D
Which of the following cannot be computed in value fields of

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51 pivot table? large max min sum A

a.
Say whether TRUE or FALSE
In Pivot table, we cannot eliminate blank cell from data

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52 section TRUE FALSE B

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We cannot
p insert rows or
columns in
If the number of
records are very
Pivot Tables
Update
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between a large,Pivot table themselves,We
Pivot Table may respond neednot refresh
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53 Which of the following is not a limitation of Pivot Table? report slowly them All the above C
If we want a list of the missing invoice numbers,we can make None of the
54 use of _______ VLOOKUP() MATCH() INDEX() above A
Dr.Mark None of the
55 Benford's law was propounded by _____ Nigrini Frank Benford Mark Benford above B
56 Benford's Law is also known as law of _____digit second first third last B
As per Benford's law,Conventional probability says that the
probability of a particular digit being the 1st digit of a number None of the
57 is ____ 0.2222 0.3333 0 above D
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Benford observed that the probability of 1st digit being 9 is None of the
58 the ____ among all digits highest least most probable above B
heterogeneou
Stratification involves breaking _____ data into _____ groups s,homogeneo homogeneous,h humongous,hom None of the
59 called as strata us eterogeneous ogeneous above A

60 Which of the following is not a result of descriptive statistics? MEAN MEDIAN MOD LARGE C

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 taxupindia.com
Subjects Q.Series No. of Ques Weightage Hrs Weightage based on no. of hours
Auditing in an ERP Environment 1-161 54 27 24 26.66666667
Advanced DBMS 162-231 26 13 12 13.33333333
Advanced Excel 232-321 40 20 18 20
Excel as an audit tool 322-381 40 20 18 20
ERP 382-474 40 20 18 20
200 100 90 100

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