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All Adv Itt Consolidated Questions
All Adv Itt Consolidated Questions
All Adv Itt Consolidated Questions
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S.NO QUESTION OPTION A OPTION B OPTION C OPTION D ANSWER
None of the
1 Which of these is an ERP Systems? SAP Oracle All the above above C
om
As per SA315,understanding the entity and its control entity's external control control
3 control environment means _____ frameworks control frameworks frameworks frameworks A
As per SA315,the auditor has to understand
the information systems environment relevan
c
4 to _____ Financial reporting Communication Either A or B Both A & B D
a.
In Governance Framework,The _______ is the None of the
5 owner of the application Business team IT team Either A or B above B
di
In Governance Framework,The _______ is the
owner of the data residing within the None of the
in
6 application Business team IT team Either A or B above A
7 ____ of the data within the application confidentiality integrity availability All the above B
The risk in an automated environment are
8 _____ less many moderate All the above B
om
The audit procedures are required for the
12 _______ listed companies unlisted companies Either A or B Both A & B D
A/An ______system inherently means that all
the modules within the system are seamlessly
c
connected with each other and the integrated
a.
transactions flow through the relevant Enterprise resource Enterprise resource Entity resource None of the
13 modules planning planning planning above B
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In ERP,____Primary set of Books are there
in
14 and _____ transactions reside here. one,few many,all one,all many,few C
p Systems
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Which of these is not the possible reason of volume of distributed within
why substantive procedures may not be outsourced transactions are the same
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Say whether TRUE or FALSE?
When auditors have access to
systems,Auditors should always request
20 access to the production or live environment TRUE FALSE A
c
The type of access that auditors request
a.
21 should be ______ Display-only read-only Either A or B Both A & B D
Auditor should request for _____access for administrative
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22 the duration of the audit priviliged access access temporary access super user C
General IT controls are known as ____ None of the
in
23 controls pervasive indirect Both A & B above C
p Application
system
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Data center and acquisition,develo
Which of the following is not a category of Network pment and
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29 General IT controls? Entity(IPE) Manual controls controls above B
c
a.
How does IT
Have formal IT communicate and
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How is the policies and collaborate with Are the
Find the odd one out in the IT Governance department procedures been other business employees
in
31 Review Checklist? organised defined functions trained D
om
Environment controls form part of the None of the
40 ______ of access security Physical layer Network layer Application layer above A
c
When a company has two or more IT systems between systems between systems
a.
41 as an interface ,what is the risk involved? may be incomplete may be inaccurate Either A or B Both A & B D
completeness of the validity of the
di
42 The objecive of AAC's are to ensure______ accuracy of data data transactions All the above D
_______ controls come along with the
in
implemented ERP and also called as Input
43 control
________ may not prevent or detect
p Inherent
operation
configurable security embedded
communicating
A
xu
44 misstatements deficiency design deficiency control deficiency deficiency B
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to look into the
One commonly preferred method for testing to look into the process flow a walkthrough of None of the
51 design effectiveness is process narratives diagrams the control above C
Auditor to
c
Entity Personnel to perform
a.
perform a relevant Auditor to test a substantive
52 IPE is used by control relevant control procedures All the above D
di
53 The IPE can be in ___ forms 2 3 4 1A
How many types of reports can be extracted
in
54 from ERP systems 1 2 3 4C
These are reports that are available at the
time of implementation of the ERP systems
p None of the
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55 by the entity Standard Reports Customised Reports Database Queries above A
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______________ can be used to extract
payroll information such as leaves available None of the
62 per employee Standard Reports Customised Reports Database Queries above C
c
Which of the following is not an element for Report
a.
63 determining the testing strategy for reports Source Data Report Logic Parameters Functions D
Completeness of
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64 Validation of Reports includes Accuracy of Logic Data Accuracy of Data All the above D
in
The Auditor has to check the ____________
p
of the data before planning to understand the
types of reports and the procedure to
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65 validate them consistency integrity independency redundancy B
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During subsequent years of the audit, when
GITCs and relevant Business process controls
are tested & effective, and there is no change
in the creator/modifier value of the standard
c
reports, what need to be done by the no further testing reliance can be None of the
a.
71 auditor? need to be done placed on the report Both A and B above C
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relied upon by the
used by auditors during
in
management to for compliance the course of the
72 Why to test the reports by the auditors? p make decisions purposes audit All the above C
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adopt appropriate
In quarterly review of aging analysis, when controls based and
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report logic is working correctly, what is the substantive audit adopt substantive None of the
73 next step to be done? procedures audit procedures Either A or B 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
If any change to the custom report has appropriate code appropriate date of appropriate appropriate
happened in the year of audit, then change should be change should be approvals shouldreport output
77 _____________ verified verified be verified should be verified C
These reports are extracted on ad hoc basis None of the
78 or on as and when basis Standard Reports Customised Reports Database Queries above C
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These reports have a high probability of the None of the
79 data being manipulated after creation Database Queries Custom Reports Standard Reports 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 domains of GITC's relevant ineffective in all
80 assertions of the report when are effective deficiencies domains of GITC's C
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The criteria to be used to decide timing of Inclusion of Period New ERP
in
81 report testing and Entries Company Policy implementation All the above D
When GITC's are effective, the auditor needs
to follow which sampling procedure to test a
p Appropriate
One Sample in each substantive None of the
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82 report One Sample Scenario procedures above B
When there are deficiencies in the
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ERP to perform automated operations and
88 transactions Normal Users System Users End Users Business Users B
These are a type of super users who have
very extensive or unlimited access to carry
c
out all or several activities in an ERP
a.
89 environment Normal Users System Users Previleged Users Business Users C
These are the users that come packaged
di
90 along with the ERP software Normal Users System Users Previleged Users Default Users D
_________ represent a title, position,
in
designation or function, place or region
91
within a company and do not represent an
individual or person
p System Users Previleged Users Generic Users Default Users C
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These are users who are given user id for a
92 limited time period System Users Temporary Users Generic Users Default Users B
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99 based on the input derived from the Role User Profile Either A or B Both A and B B
Segregation of duties can be implemented as None of the
100 _____________ control Preventive Detective Either A or B 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 None of the
di
102 the evidence for _________ point-in-time full period of audit Either A or B above B
User access controls are like ________ in an IT dependent application None of the
in
103 ERP environment GITCs controls controls above C
p should evaluate
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When an auditor found deficiencies in User should report the impact of
Access Controls, the auditor deficiency to ignore the record the these deficiencies
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provided in the module known Procurement Inventory Materials Accounts C
112 as____________. Management Management Management Management
c
____________Where the IT infrastructure
including operating system,database,Network B
a.
or hardware are changed but not change in Non-Technical Non-Data
113 version or functioning of ERP. Migration Technical Migration Data Migration Migration
di
The Key Phases in any ERP migration project
in
will consist of planning,system Data A
114 design,________,Testing and Go Live. Data Conversion Data Migration Data Convergence Configuration
p
115 Which of the following is example of an ERP SAP Oracle R12
In-House
Developed All of the above
D
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Which of the following activity is part of the Allocation of
B
116 system design phase of a migration Budget Configuration Mock Conversion All of the above
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Allocation of
A
117 __________ happens in Planning Phase. Budget Configuration Mock Conversion All of the above
Allocation of
C
118 ________is part of Data conversion phase. Budget Configuration Mock Conversion All of the above
How many Phases are there in data migration
B
119 strategy 4 5 6 7
__________ In this phase of migration the
objectives of migration and the migration C
120 strategy are defined. System Design Data Conversion Planning Testing
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At which phase of the migration would C
121 rollback procedures be triggered,if necessary Planning Data Conversion Go-Live Migration Testing
Rollback procedure are defined in the
B
122 ____________ phase. Data Conversion Planning Go-Live Migration Testing
User access and
Which of the following require specific segregation of D
123 considerations during a migration. duties Open items Master data All of the above
During pre-
implementation
om
/Post- C
Where would auditors review migration implementation When reviewing None of the
124 process and controls. reivews general IT Controls Both A& B above
___________ should be prepared and Technical
c
A
125 maintained for all phases of migration Documentation Allocation of Budget Configuration Migration
a.
In Oracle the purchase and inventory
processes are provided in the __________ Procurement & Material & Migration and None of the A
di
126 module Inventory Inventory Inventory above
in
_________ can be used for implementation of A
127 a completely new accounting system. p
QuickBooks Microsoft Dynamics Open Bravo
Information
All of the above
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Reports and system generated data IPE Information Information projected by D
128 i.e._________________ could change. processed by entity planned by entity entity
ta
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opportunity to review and carry forward only
135 the relevant data and discard obsolete data. Technical Functional Migration Accounts
c
The auditor may consider using the work
D
performed by internal auditors in accordance
a.
136 with guidance given in __________ SA 630 SA 330 SA 310 SA 610
di
A
137 How many types of journal entries are there ? 3 2 5 4
om
_________ the entries passed during the year
to the balances in the Trial Balance. The B
auditor may use ACL/IDEA Caseware/MS
144 Access/Excel to perform __________ testing Roll Down Roll forward Roll Back Roll up
c
Using tools such as ______, IDEA Caseware,
a.
MS Access, Excel etc., the auditor can test the A
145 data for completeness ACL ADL ABL AGL
di
D
in
__________ can also help in finding out if
146 there are duplicate journal numbers used. ACL Ms Access CAAT All of the above
______Accounts that are used very
147 infrequently.
p Unusual Intercompany Seldom Non General
C
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Non Stimulated Non Standard Non Sensitive Non Segregated B
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148 What is the expansion of NSJE__________ Journal Entries Journal Entries Journal Entries Journal Entries
A key factor to be kept in mind while making Ask close ended No discussions Ask open ended None of the C
153 enquiries of personnel are_______ questions required questions above
Risk of lack of
A
Which is the main risk due to Non Standard Risk of Material Risk of management Risk of lack of segregation of
154 Journal entries: misstatement override of controls sensitive access duties.
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__________are entries that may be passed as a
result of fraud. Hence, this is the main risk.
A
Another risk can also be risk of management
155 override of controls. NSJE NSVE NSUE NSWE
c
It is possible that a Non-standard journal entry
a.
may not have relevant ____________ None of the B
156 supporting. Non-Printed Printed All of the above above
di
In industries/sectors, where volume of data is
in
huge, ________________ testing may not be
B
an appropriate way of testing completeness of
157 data. p Roll Down Roll forward Roll Back Roll up
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______________ to be achieved may be a key
fraud risk factor from an investor/ stock holder
C
perspective leading to Non-standard journal Operational
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166 aggregate and non-aggregate query TRUE FALSE
B
167 Having clause is used in the aggregate query FALSE TRUE
If the sub query is returning more than 1 row, Any one of the None of the
c
C
168 which operator should be sued IN ANY above above
a.
Which of the following is an aggregate
D
169 function Sum() AVG() Count() All of the Above
di
How many different joins available In Access
B
170 Databse 1 3 2 4
in
In MS-Access, forms help to display, add,
A
171 modify and delete data
In Access form, un-bound coltrols are linked
p TRUE FALSE
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172 with any field of Table/Query TRUE FALSE B
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181 modified form of Crosstab queries Datasheet form Pivot Table Pivot Chart Multiple items B
Pivot Chart helps visualize a
182 ____________________ Pivot Table Query Form All of the above D
183 Joins created in a _______ are temporary Table Query Either A or B Both A and B B
c
a.
The __________________ query returns all of
the rows from left table, and also those rows
di
from the right table that share a common
184 value on both sides of the join Left Outer Join Right Outer Join Inner Join Cross Join A
in
Access query result is not restricted to the
table fields but can display many other
computed columns known as
p
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185 _________________ Bounded Fields Unbounded Fields Calculated Fields Expression Fields C
Unbound controls are also known as None of the
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192 graphical form Pivot Table Pivot Chart Multiple Items Modal Dialog B
The calculated values in reports are added
using a _____________ and specifying an
193 expression Label box Text Box List Box Combo box B
c
a.
The calculated values in queries are displayed
194 as _______ in reports which use them Data Variables Fields Values C
di
______________ is a report that is inserted
in
195 into another report called the Main report Unbound Report Bound Report Child Report Sub-Report D
An ___________ is not based on a table or p
query, but can serve as a container for one or Unbound main None of the
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196 more sub-reports Bound main report report Main report above B
_________ are a way of communicating
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204 Literals are also referred as ______________ Identifiers Operators Constants Operands C
205 Identifiers are ________________ Variables Operators Constants Operands A
0 or any number of
206 [XYZ] denotes __________ in LIKE Operator characters a single character a set of characters a single digit C
om
The BETWEEN operator cannot be used with
207 ______________ datatype Numeric Text Date Either A or B or C B
Logical Operators are also known as Comparison Arithmetic Miscellaneous Boolean
208 ___________________ Operators Operators Operators Operators D
c
______________ are used to override the Operator None of the
a.
209 default order of precedence Precedence Orders Parentheses above C
Expression
di
210 A text box in which expressions are written Code Builder Macro Builder Expression Box Elements C
Among +, <>, MOD, AND operator which
in
211 operator has the highest priority + MOD AND <> B
A _________ allows you to automate tasks p
and add functionality to your forms, reports,
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212 and controls Function Expression Macro Module C
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way to keep users focused on using the
219 database as intended Switchboard Split Columnar Pivot Table A
Switchboard Manager only allows a maximum
of ____________ command buttons on a
c
220 switchboard 6 7 8 9C
a.
Open Form in Edit Mode allows any record to
221 be _______________ added edited Either A or B Both A and B D
di
Displaying the ______________ at startup
helps to implement a level of security by
in
hiding the key elements of the interface from None of the
222 the user p Switchboard Login Form Password above A
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When same table is being used for the main
query and sub-query, it is mandatory to None of the
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229 terms of two other fields Sub Query Totals Query Crosstab Query Query C
This option allows the inclusion of the grand Yes, include
total of values in the row as a column in the Yes, include Yes, include row Yes, include Grand column grand
230 query result column sums sums Total total B
c
A _______________ is a view in Access
a.
Queries that allows summarising and
231 examining data in a datasheet form Crosstab Query Totals Query Pivot Chart Pivot Table D
di
EXtensible
Expansion Markup Expansion Makeup EXtensible Markup Makeup
in
232 XML stands for_________ Language Language Language Language C
233 XML is a ___________ Recommendation
XML is a language that’s very similar to
p W3C W1C W2C W4C A
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234 ____________ C HTML C++ JAVA B
235 XML Tag names are not case sensitive. TRUE FALSE C
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depreciation as per depreciation as per per Variable per Double
Sum of Years’ Digit Straight Line Declining Balance Declining Balance
247 SLN function is used _________________ Method Method. Method Method B
c
For calculation of For calculation of
a.
For calculation of For calculation of depreciation as depreciation as
depreciation as per depreciation as per per Variable per Double
di
SYD function is used Sum of Years’ Digit Straight Line Declining Balance Declining Balance
248 ______________________. Method Method. Method Method A
p in
For calculation of For calculation of For calculation of
For calculation of
depreciation as
xu
depreciation as per depreciation as per depreciation as per Double
DB function is used Sum of Years’ Digit Straight Line per Declining Declining Balance
ta
calculate
calculate calculate calculate depreciation as
depreciation as per depreciation as per depreciation as per Double
Sum of Years’ Digit Straight Line per Declining Declining Balance
250 DDB is used to _______________ Method Method. BalanceMethod. Method D
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For calculation of
calculate For calculation of For calculation of depreciation as
depreciation as perdepreciation as per depreciation as per Double
VDB function is used Variable Declining Straight Line per Declining Declining Balance
251 ______________________. Balance Method Method. BalanceMethod. Method A
PV Ratio stands for Point Varaiance Profit Volume Profit Variance
252 _______________________ Point Volume Ratio Ratio Ratio Ratio C
BEP stands for Balance sheet Even Balance sheet
253 __________________________ Point Break Even Point Equal Point Break Equal Point B
om
Excel provides a readymade template for
254 preparation of personal monthly budget TRUE FALSE A
Discounting Factor formula is
c
255 ___________________ = n / (1+a) - r = 1 + (1/r) * n = 1 / (1+a) ^ 2 = 1 / (1+r) ^ n D
a.
In excel-Protect sheet option, Password is
256 not optional. TRUE FALSE B
di
257 In which tab, Data Validation is available? Formulas Insert Data Developer C
in
Which of the following function categorie is
258 not available in excel p Statistical Engineering Math & Trig Trignometrical D
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____________ is the area under the normal Region of Region of None of the
259 curve that is outside of the region of certinty uncertainty Region of curve certainty Above A
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Virtual Declining Variable variable declining
266 VDB stands for ______________ Balance Discounting Balance balance None C
The VDB function uses the______ method by Double Declining Variable Decling Straight Line
267 default. Balance Balance Method Costing Method A
c
__________ stands for change in the total
a.
cost that arises when the quantity produced
268 has an increment by unit. marginal cost Fixed Cost Variable cost Contribution A
di
Excel can also be used for taking decision on
269 ___________ Fixed Cost Marginal cost Both A& B None B
in
____________ is prepared for planning for
270
future as far as movement of cash is
concerned.
p Capital Budgeting Cash budget Both A& B Actual Budget B
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___________ is an estimate of pupulation Standard
Standard Deviation from data taken from a population none of the
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by chance and each member of the
population has an equal chance, or Convenience Systematic Simple random
277 probability, of being selected. Snowball sampling sampling sampling sampling D
c
_____________________ is the area under
a.
the normal curve that corresponds to the Region of Region of None of the
278 required level of confidence. uncertainty Region of curve confidence above D
di
This method is commonly used in social
sciences when investigating hard to reach Simple random
in
279 groups. Quota Sampling Sampling Snowball sampling sampling C
It is a process in which a business determines
whether projects such as building a new plant
p
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or investing in a long-term venture are worth Business
280 pursuing. Investment Capital Budgeting IRR NPV B
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also be used to analyse the risk in a better
285 way. Graphs Sparklines Both A& B Charts D
c
different values of an independent variable
a.
will impact a particular dependent variable Decision Tree
286 under a given set of assumptions. analysis Sensitivity analysis Both A& B Neither A &B B
di
_______ involves computing different
in
reinvestment rates for expected returns that Decision Tree
om
A __________ is a series of commands and
functions that are stored in a Microsoft Visual
Basic module and can be run whenever the
295 user need to perform the task Pivot Table Solver Scenario Macro D
c
296 Consolidate is a What-If Analysis Tool. TRUE FALSE B
a.
Which function that is used to calculate the
payment for specific loan terms none of the
di
297 ____________ sumif pmt countif above B
none of the
in
298 _________ are not allowed in a macro name spaces wild card characters symbols above A
The wizard that is used to create and edit
299 charts _______________
ppivot table wizard chart wizard
convert text to
columns wizard tip wizard B
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Which one of the following will be the tool
that provides a way to view and compare the
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other charges from generation of profit from Interest Coverage
307 its operations Debt Assets Ratio Ratio Total Fund Ration None B
Which ratio indicate efficiency with which
company used its capital ( Equity as well as Return on Interest Coverage Net Profit Margin
c
308 debt) Investment Ratio Total Fund Ration Ratio A
a.
It is the simplest method of comparing
different stocks at a point of time to make Fixed Asset Over Price Earnings
di
309 investment decisions Earnings Per share ratio Multiple Gross Profit Ratio C
________helps to break down the Return on Return on
in
310 Equity Du Point Analysis Investment Profitability Ration None A
312 xml schema file extention is _______ .xml .xmd .xsd Above C
In hypothesis test, when we can reject the
313 H0(Null 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 <
314 (alternate hypothesis) critical value <=critical value critical value p-value<= a C
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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 given following VDB(400000,50000 VDB(400000,50000, VDB(50000,40000 VDB(50000,40000
315 which would be the currect function. ,10,1,4) 1,4) 0,10,4) 0,10,1,4) A
In VDB function what is the "factor" if it is
316 omitted? 4 1 3 2D
om
line depreciation is
greater than the
When VDB function calculate the declining balance "no_switch"
317 depreciation by using Stright line method? calculation. argument is 'FALSE' Both A and B either A or B C
c
a.
A machine was purchased for Rs.1000000 in
EMI at 8% interest rate. Planned to repay the
di
loan in 5 Years. In total cost Rs.100000 paid at
the time of purchase . What is the correct PMT(8%,60,-
in
function to calculate the monthly installment PMT(8%,5,- PMT(8%,60,100000 PMT(8%/12,60,10 1000000,100000,
318 amount.
A businessman planned to get a loan
p 1000000,100000,1) 0,100000,0) 00000,-100000,1) 0) C
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Rs.1800000. If he get a loan at 8% interest for
6 years, Monthly Installment will be
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______ function is used to calculate the
323 present values of all future cashflows. FV PV NPV IRR C
_____ is the rate of discounting at which
324 NPV=0 FV PV NPV IRR D
c
a.
If Guess parameter is not specified by the
325 user in IRR,Excel assumes it to be ___ 0.09 0.14 0.1 0.13 C
di
In case if the cash flows occur unevenly,then None of the
in
326 we may use ____ and ____ in excel PV & IRR XNPV & XIRR NPV & IRR above B
_____ Function is used for calculating
depreciation as per Written Down Value
p None of the
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327 Method SLN DB All the Above above B
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Which of these function can be used,If we had
NETWORKDAYS NETWORK.INTR
to calculate the working days where the NETWORK.INT() None of the above D
() ()
weekends are treated as Friday and Saturday?
336
c
a.
The output of WORKDAY() will be a ______ Number Date Number or Date None of the above B
337
In WORKDAY(),if we want to go backwards
di
and derive a date in the past,then we must Zero Positive Negative None of the above C
338
in
specify days as_____
If you wish to obtain the days remaining after
339
casting out completed weeks,then which of
these function can be used?
p QUOTIENT() MOD() Either A or B None of the above B
xu
If you wish to obtain the completed
weeks,then which of these function can be QUOTIENT() MOD() Either A or B None of the above A
ta
340 used?
Which of these operator can be used for
comma ampersand space hash B
341 joining two or more text strings together?
Can we perform a non case-sensitive
YES NO A
342 comparison?
_____searches for a value in first column of
Hlookup Vlookup Match Index B
343 data/table array
In VLOOKUP(),the search of the lookup
value is performed in the ____ most colum of Left Right Either A or B Neither A or B A
344 the table array
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The column index
Lookup value is the The search is always All the four
number should be
Which of these is incorrect with respect to value which is to performed in the arguments are
the relative D
VLOOKUP()? be searched in table leftmost column of mandatory
position of the
array the tavle array arguments
respect column
345
In VLOOKUP(),if the lookup_value being
APPROXIMATE
searched in a slab/range of numbers EXACT MATCH Either A or B Neither A or B B
MATCH
346 then_____should be used
om
VLOOKUP(),the table should be sorted in ascending order descending order Either A or B Neither A or B A
______ on the basis of the leftmost column.
347
c
Which of these is not an argument in row_index_numbe
lookup_array col_index_number Both A & B D
348 HLOOKUP()? r
a.
______function returns the value or reference
at the intersection of a specified row and Hlookup Vlookup Match Index D
di
349 column,from an array.
in
Which of the following is an optional
Lookup value lookup array match type None of the above C
350 argument in MATCH()?
351
Lookup array means you can select ______
p Only one row Only one column
one row or one
column
multiple rows or
multiple columns
C
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If we need to perform right to left lookup in a
INDEX() MATCH() Both A or B Either A or B C
352 table,then _____ can be used
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The processing
Which of the following is not an advantage of It performs left to requirement is lower It can also be used It avoids data
A
Index match combination? right lookup as compared to as Hlookup redundancy
Vlookup
353
_____ returns the reference specified by a text INDEX() MATCH() INDIRECT() All the above C
354
IFERROR() is a brilliant function introduced
2010 2007 2013 2003 B
355 in Excel _____
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In IFERROR(),value if error argument will be
#REF! #VALUE? #N/A #DIV/0! B
executed if value argument generates _____
356
Countblank function is the reverse of
COUNTA() COUNTIFS() COUNTIF() None of the above A
357 _____function
Countblank could be used in detectinig cells where data entry is
remained blank Both A & B None of the above C
358 which have inadverently _________ incomplete
_____ function returns the kth largest number
MAX LARGE Either A or B None of the above B
359 from a list of numbers.
Which of these helps us to understand the
Trace Precedents Trace Dependents Either A or B Both A & B D
om
360 interelationship between the cells
If the cell is deleted without bothering about
tracing its dependents,then the resultant cell #NAME? #N/A #REF! None of the above C
361 will carry _______ error
c
_____ is a dedicated tool for tracking down
a.
Go to special Trace Dependents Trace Precedents Error Checking D
362 the errors
di
Error checking feature will not identify errors
syntax logic Either A or B Both A & B B
in the ____behind formula construction
363
in
If we want a quick evaluation of only one of
the parts of the formula,we can make use of
364 ____
p
Evaluate formula F9 Either A or B Both A & B B
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Which of these operators will be executed 2nd
Brackets Addition Exponents Division C
365 in Excel?
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om
neednot refresh
Table report may respond slowly
374 them
If we want a list of the missing invoice
VLOOKUP() MATCH() INDEX() None of the above A
375 numbers,we can make use of _______
c
a.
Benford's law was propounded by _____ Dr.Mark Nigrini Frank Benford Mark Benford None of the above B
376
Benford's Law is also known as law of
di
second first third last B
377 _____digit
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As per Benford's law,Conventional probability
says that the probability of a particular digit 0.2222 0.3333 0 None of the above D
378
being the 1st digit of a number is ____
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Benford observed that the probability of 1st
highest least most probable None of the above B
digit being 9 is the ____ among all digits
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379
Stratification involves breaking _____ data heterogeneous,hom homogeneous,hetero humongous,homog
None of the above A
380 into _____ groups called as strata ogeneous geneous eneous
Which of the following is not a result of
MEAN MEDIAN MOD LARGE C
381 descriptive statistics?
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Systems Systems Systems
_______________________________
385
The approach to ERP is to first develop a
c
____________________ comprising the Business
Business Model Business Function Business Process A
business processes or activities that are the Operation
a.
386 essence of a business
The business model is represented in the
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flowcharts, flow
graphical form using ______________ and charts, pictures smart art, clip art graphs, shapes C
diagrams
387 ________________
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Online Analysis Online Analytical Online Analytical
OLAP stands for _________________ None of the above B
388 p Processing Processing Programming
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________________ is a tool that refers to
skills, processes, technologies, applications Business
Data Warehousing Data Modeling Business Modeling D
and practices used to facilitate better, accurate Intelligence
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ODS stands for Operational Data Optional Data Operational Data Optional Data
C
395 _______________________________ Storage Storage Store Store
____________ data contains an historical
Operational, Informational, Informational,
perspective that is not generally used by the Operational, Static D
c
Informational Static Operational
396 _____________ systems
a.
Establishing a data
Identifying and Defining the correct
warehouse help
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prioritizing subject level of
Which of the following is/are the data desk and training
areas to be summarization to All of the above D
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warehousing activity? users to effectively
included in the support business
utilize the desktop
Data Warehouse decision making
397
The definition of data elements in the data
p tools
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warehouse and in the data sources, and the
Masterdata Detaileddata Metadata Basedata C
transformation rules that relate them, are
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and distribution options that performs the
functions of procurement of materials,
Online Analysis Product Life
transformations of these materials into Business Processing Supply Chain C
Processing Cycle
intermediate and finished products and the
c
distribution of these finished products to the
a.
406 customer
_______ integrates supply and demand
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BPM SCM PLM CRM B
407 mangement within and across companies
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__________ includes transportation from Outbound Production
Inbound Operations Sourcing planning A
408 Suppliers and receiving inventory Operations planning
409 of SCM?
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Which of the following is not the service area
Logistics Asset Management PLM CRM D
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______________ CRM provides support to Consumer
Operational Analytical Social A
410 "front office" business processes Relationship
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_____ is the process of integrating all the
business functions and processes in an EDI ERP BPM None of the above B
418 organization to achieve numerous benefits
c
________ must consider the fundamental
Top Management Either A or B or
a.
issues of system integration by analyzing the Manager Auditor A
Commitment C
organization's vision and corporate objectives
419
di
ERP ________________ requires
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organizations to reengineer their key business
processes reengineering of the existing
processes, integration of ERP with other
business information systems, selection of
p
Traps Security Audit Implementation None of the above C
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right employees, and training of employees on
420 the new system
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426 major challenges in auditing ERP security TRUE FALSE A
__________ is the World's one of the fastest
and most powerful concurrent multi-lingual
business accounting and inventory None of the
c
427 management software Tally Tally.ERP 9 Both A & B above B
a.
Immediate posting and updation of books of
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accounts as soon as the transactions are Interactive Immediate Real Time Business
428 entered. This is called as __________ Processing Processing Processing Processing C
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Tally.ERP 9 provides graphical analysis of data
429
which helps the user to perform deeper
analysis
p TRUE FALSE A
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The user can ________ the company data
into multiple companies as per financial
ta
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as facilitates printing of TDS Forms in Physical
433 Form. True or False TRUE FALSE B
Which of the following ETDS forms are Form 26, Annexure Form 27, Annexure Form 26Q,
c
434 available in Tally.ERP 9? to 26 to 27 Annexure to 26Q All of the above D
a.
The exported eTDS file from Tally.ERP 9 can
be validated through NSDL's freely
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downloadable utility called File Validation File Validation File Valuation File Valuation
435 __________________ Program Utility Program Utility B
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The ETCS forms available in Tally.ERP 9 are
436 _________ and ____________ p Form 27E Form 27 Form 26 All of the above A
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Tally.ERP 9 allows accounting with the regular
437 names without any account codes TRUE FALSE A
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440 entries, if necessary Security data interchange user support Audit Feature D
Tally.ERP 9 offers a data encryption option Tally Data Tally Data
441 called _______________ Encryption Tally Data Encoding Tally Vault Conversion C
c
ODBC stands for Open Database Open Database Oracle Database Oracle Database
a.
442 ___________________________ Connection Connectivity Connection Connectivity B
___________________ is the process of
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exchanging Tally.ERP 9 data between two or
443 more locations Serialization Randomization Synchronization Asynchronization C
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Which of the following is the not the previous
444 version of Tally?
Can data of new version be migrated to old
p Tally 4.5 Tally 6.4 Tally 7.2 Tally 8.1 B
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445 version? Yes No B
ta
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configure and administer site / user belonging Administration
450 to an account Control Centre Data Centre Cloud Centre Centre A
A chartered accountant as an
c
__________________ is exposed to various
a.
operational risk factors viz., time, increasing
travel & people costs, limited availability of
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451 skilled manpower, intense audit periods Administrator Auditor Expert Entrepreneur D
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The ____________ edition provides the
Chartered Accountants with Tax Audit and
Statutory Compliance tools which equips
p
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him/her to retrieve the required information
452 on the basis on which he form an opinion Educational Mode Silver Gold Auditor D
ta
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459 property __________ needs to be set it as Yes Company Contact On Load Either A or B above B
c
a.
A message "Company connected successfully"
461 is displayed in the ________________ panel Calculator Version License Configuration A
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The remote users are broadly classified into
462 _____ security levels two three four five A
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To create Remote Users, the security level None of the
463 should be _________________ p
Owner Standard User Either A or B above
None of the
B
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464 Tally.Net ID has to be a valid _________ only Account ID User Name Email ID above C
______________ enables the user to centrally
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______________________ enables user to
enter the essential information related to the Change Account Profile Licensing &
470 Account/Site ID User Management Admin Management Configuration C
_______________ enables user to change the Change Account Profile Licensing &
c
471 Account Administrator's ID User Management Admin Management Configuration B
a.
Want to set
Set ___________________ to "Yes" to create Enable ODBC can be overridden client/server None of the
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472 a fresh set of configuration Server locally configuration above C
Which one of the following is not an access Alter Account Manage
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473 right? Admin Manage Sites Manage Users Passwords D