Haryana Lecturer Finance MCQ Paper 2021 (12-A)
- Year 2021
- Conducted By Haryana Government
- Questions 100
- Maximum Marks 100
- Duration 2 Hours
- Languages English
Exam Details
| Detail | Information |
|---|---|
| Examination | Lecturer in Finance, Accounts & Audit |
| Year | 2021 |
| Conducting Body | Haryana Government |
| Paper | Finance, Accounts and Audit |
| Subject | Finance, Accounts and Audit |
| Duration | 2 Hours |
| Maximum Marks | 100 |
| Number of Questions | 100 |
| Question Type | Objective (MCQ) |
This entry compiles the AI-repaired OCR for the Haryana Government Lecturer in Finance, Accounts & Audit exam (Advt No. 11/2021), year 2021. Page 1 provides the exam header and instructions, time, marks, and language. Page 2 presents corrected objective questions in a two-column MCQ format, with seven questions visible: Q1–Q7. The questions cover topics such as foreign capital attitudes and trade (Q1), assertion-reason analysis (Q2), partnership admission (Q3), share forfeiture accounting (Q4), Ind AS 11 revenue measurement (Q5), P/E considerations in acquisitions (Q6), and environmental regulation boards (Q7). The content is repaired to present each question as a separate item with four options (A–D) and 1 mark per question. SEO-ready metadata includes 12+ FAQ topics, 20 topical tags, 20 primary keywords, and long-tail keyword clusters to optimize discovery for regional government job exam content.
Major Topics Covered
- Foreign capital attitude
- Gravity model of trade
- Partnership accounting
- Admission of a partner
- Share forfeiture accounting
- Final call and forfeiture
- Ind AS 11
- Contract revenue measurement
- Exchange ratios in acquisitions
- P/E ratio in mergers
- Pollution Control Boards
- Environment Protection Act
- Water Act 1974
- Air Act 1981
- Biological Diversity Act 1972
- Forfeiture accounting entries
- Equity share capital
- Final call on shares
- O MR guidelines
- Penalties in MCQ
Why This Paper is Important
- Useful for Lecturer in Finance, Accounts & Audit preparation
- Helps understand the latest exam pattern
- Useful for practice and self-assessment
- Covers frequently asked General Studies topics
- Helpful for analysing question trends
Related Resources
Instructions
- IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION, YOU SHOULD CHECK THAT THIS QUESTION BOOKLET DOES NOT HAVE ANY UNPRINTED OR TORN OR MISSING PAGES OR QUESTIONS ETC.
- IF SO, GET IT REPLACED BY A COMPLETE QUESTION BOOKLET.
- Please note that it is the candidate's responsibility to encode and fill in the Roll Number and Question Booklet Series Code A, B, C or D carefully and without any omission or discrepancy at the appropriate places in the OMR Answer Sheet.
- Any omission/discrepancy will render the OMR Answer Sheet liable for rejection.
- This Question Booklet contains 100 questions.
- Each question is printed in English only.
- Each з. question comprises four responses (answers).
- You will select the response which you want to mark on the OMR Answer Sheet.
- In case you feel that there is more than one correct response, mark the response which you consider the best.
- In any case, choose ONLY ONE response for each question.
- You have to mark all your responses ONLY on the separate OMR Answer Sheet provided.
- See Instructions at the backside of the OMR Answer Sheet.
- Before you proceed to mark in the OMR Answer Sheet the response to various questions in the Question Booklet, you have to fill in some particulars in the OMR Answer Sheet as per instructions mentioned on the OMR Answer Sheet.
- After you have completed filling in all your responses on the OMR Answer Sheet and the examination has concluded, you should hand over to the Invigilator only the OMR Answer Sheet.
- You are permitted to take away with you the Question Booklet, along with candidate's copy of OMR Answer Sheet.
- Sheets for rough work are appended in the Question Booklet at the end.
- Penalty for wrong answers: THERE WILL BE PENALTY FOR WRONG ANSWERS MARKED BY A CANDIDATE AS UNDER.
Questions (page 2)
Formatted from page 2 OCR. Download the PDF for the full paper.
1. At the time of independence, the attitude of India towards foreign capital was [A] of fear and suspicion [B] on increasing foreign exchange resources of the country [C] open due to need of foreign currency [D] encouraging foreign exchange resources
(a) [D]
(b) encouraging
(c) foreign
(d) exchange
(e) resources
2. Given below are two statements.
(a) One is labelled as Assertion
(b) and other is labelled as Reason : Assertion
(c) : The increase in the value of India's GDP tends to increase India's global trade. Reason (R) : As per the Gravity Model Theory, GDP is directly proportionate to trade and distance is inversely proportionate to trade. the reference of these In F statements, choose the correct answer from the options given below: Both and are true and is the correct explanation of [B] Both
(d) and (R) are true but not the correct (R) explanation of
3. X and Y are partners with sharing ratio of .
(a) Finance,
(b) Accounts
(c) and
(d) Audit
(e) /
4. 500 equity shares of each issued at 120, are forfeited for non-payment of final call of .
(a) [B]
(b) ₹50,000
(c) [C]
(d) ₹60,000
(e) ₹20,000
5. Ind AS 11 requires contract revenue to be measured at [A] fair value of consideration receives/receivable [B] net realizable value receivable [C] historical value [D] consideration received/receivable
(a) historical
(b) value
(c) [D]
(d) consideration
(e) received/receivable
6. Alpha acquired Beta, market price of Beta is per share and earning per share is . For an exchange ratio of , what was the P/E ratio used in acquiring Beta?
(a) 1.5
(b) 2.34
(c) 5
(d) 6
7. The Central and State Pollution Control Boards have been established under [A] the Biological Diversity Act, 1972 [B] the Environment (Protection) Act, 1986 [C] the Water (Prevention and Control of Pollution) Act, 1974 [D] the Air (Prevention and Control of Pollution) Act, 1981
(a) Control
(b) of
(c) Pollution)
(d) Act,
(e) 1981
Question paper preview
Scanned pages 1–2 for reference. Download the official PDF for the full paper.
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Frequently asked questions
What is the duration of the exam?
2 hours
How many questions are in the paper?
100 questions
What is the maximum marks for the paper?
100 marks
In which language are the questions printed?
English
What is the paper code?
12-A
What is the penalty for wrong answers?
0.25 marks deducted per wrong answer; multiple answers count as wrong; no penalty for blank