📕 FAA 2022 — Finance Accounts Assistant, 6 March 2022

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Exam pattern

Total 120 questions · 120 marks · 120 minutes

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Why we know the old "2022 paper" is a Panchayat paper

Conclusion: FAA-PYQs/2022/ and JKSSB-PAPERS/PAA-2020.md are two booklet series of the same 10 Nov 2020 Panchayat exam. That is why their statistics blocks matched 10/10 — it was never cross-year recycling.

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How to read this file

Each question shows its stem, all four options, and the answer from the published revised key. [!fix] callouts mark questions where the official key is Null (dropped), double-keyed, or — in two cases — demonstrably wrong.

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Section 1 — General Knowledge (Q1–30)

1) The origin of which of the following lakes in Jammu and Kashmir is associated with the Mahabharata? A) Dal lake · B) Surinsar lake · C) Nagin lake · D) Wullar lake

Ans: B

2) Which of the following is the traditional dress of the Kashmiri people? A) Bandhgala · B) Achkan · C) Rignai · D) Pheran

Ans: D

3) Which among the following options is a major tributary of the Bhagirathi river? A) Bhilangna river · B) Pindar river · C) Dhauliganga · D) Bishenganga

Ans: A

4) As per Census 2011, with regards to sex ratio, the number of females per 1000 males in India was: A) 890 · B) 1140 · C) 990 · D) 940

Ans: D

5) The Vale of Kashmir is the sole producer of which product (in India)? A) Sapphire · B) Walnut · C) Saffron · D) Peach

Ans: C

6) Statement I: Wheat and Barley are grown as rabi crops in India. Statement II: Rabi crops are sown at the beginning of the monsoon season and harvested between October and December. A) I FALSE, II TRUE · B) I TRUE, II FALSE · C) Both FALSE · D) Both TRUE

Ans: B

7) Operation Sadbhavana in Jammu and Kashmir is launched by the: A) Indian Army · B) Central Government of India · C) Home Department, GoJK · D) District Development Councils

Ans: A

8) Which country shares boundary with Pakistan in the West? A) Iran · B) India · C) Iraq · D) China

Ans: A

9) Which among the following was the residential palace of Raja Amar Singh, located in Jammu? A) Bahu Fort · B) Amar Mahal · C) Akhnoor Fort · D) Gol Ghar

Ans: B

10) Which soil is suitable for saffron cultivation in Jammu and Kashmir? A) Grutl soil · B) Karewa soil · C) Nambal soil · D) Tand soil

Ans: B

11) During which season are walnuts harvested in Jammu? A) Winter · B) Summer · C) Autumn · D) Monsoon

Ans: C

12) Which Mughal emperor carved Kashmir out as a separate subah with power seated at Srinagar? A) Akbar · B) Shah Jahan · C) Jehangir · D) Aurangzeb

Ans: B

13) In 2021, under PM Kaushal Vikas Yojana, a pilot project was launched to revive which craft of J&K? A) Calico Painting · B) Basohli · C) Phool Kari · D) Namda

Ans: D

14) In October 2021, GoI signed a share purchase agreement with Tata Sons for sale of which airline for ₹18,000 crore? A) IndiGo · B) SpiceJet · C) Go First · D) Air India

Ans: D

15) The Leh Palace was the royal residence of which dynasty? A) Rinpunga · B) Tsangpa · C) Yarlung · D) Namgyal

Ans: D

16) Gulab Singh was made Raja of Jammu through which treaty dated 16-3-1846? A) Treaty of Delhi · B) Treaty of Lahore · C) Treaty of Amritsar · D) Treaty of Srinagar

Ans: C

17) Which among the following lakes is located in Jammu and Kashmir? A) Sambhar · B) Lonar · C) Agara · D) Wular

Ans: D

18) In 2021, the J&K Government filed an application to seek a GI tag for which species of mushroom? A) Telia Sattar · B) Gucchi · C) Boda · D) Matij

Ans: B

19) The bill for the J&K Reorganisation Act, 2019 was introduced in Rajya Sabha by: A) Amit Shah · B) G. Kishan Reddy · C) Rajnath Singh · D) Ravi Shankar Prasad

Ans: A

20) Which is the only active volcanic island in India? A) Minicoy · B) Amindivi · C) Barren Island · D) Laccadive

Ans: C

21) Which destination is the base camp of the Amarnath Yatra? A) Sonmarg · B) Gulmarg · C) Pampore · D) Sanasar

Ans: A

22) In which state of India is the Dree festival celebrated? A) Manipur · B) Assam · C) Arunachal Pradesh · D) Nagaland

Ans: C

23) Which statement is FALSE with reference to the J&K Reorganization Act of 2019? A) Ladakh formed into a separate UT without a Legislative Assembly · B) J&K became a UT with a Legislative Assembly · C) Governor of existing State of J&K to be common Lieutenant Governor · D) No reservation for ST and SC in J&K

Ans: C and D (double-keyed)

24) When did the Indigo revolt in Bengal start? A) 1837 · B) 1859 · C) 1871 · D) 1889

Ans: B

25) Which is the largest wetland sanctuary in Gujarat and one of the biggest in India? A) Kaziranga · B) Nalsarovar Bird Sanctuary · C) Sultanpur Bird Sanctuary · D) Uppalapadu Bird Sanctuary

Ans: B

26) The Jawaharlal Nehru Port Trust (JNPT) is located in: A) Navi Mumbai · B) Kochi · C) Visakhapatnam · D) Chennai

Ans: A

27) Which of the following countries lies to the south of India? A) Pakistan · B) Maldives · C) Myanmar · D) Bangladesh

Ans: B

28) As per Census 2011, what is the literacy rate of India? A) 67.02% · B) 70.10% · C) 74.04% · D) 81.03%

Ans: C

29) The Subar Dhar Mela takes place in which location of J&K? A) Bhaderwah · B) Kishtwar · C) Srinagar · D) Doda

Ans: A and D (double-keyed)

30) Which fort of J&K is also known as Koh-e-Maran? A) Chitkan Fort · B) Akhnoor Fort · C) Hari Parbat Fort · D) Bahu Fort

Ans: C

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Section 2 — Accounting & Book Keeping (Q31–60)

⭐ The 30-mark section. Compare against FAA-ACCOUNTANCY-CHEAT-SHEET and the chapter short notes.

31) Copyright is a/an A) Asset · B) Liability · C) Expense · D) Profit

Ans: A — an intangible asset.

32) If there is a positive balance in the debit side of the Profit & Loss account, what does it indicate? A) gross profit · B) net profit · C) gross loss · D) net loss

Ans: B and D (double-keyed)

33) ______ refers to anything that has an economic value attached to it. A) Asset · B) Liability · C) Expense · D) Profit

Ans: A

34) Classifications under social accounting include: A) assets, liabilities, debt position · B) households, governments, enterprise · C) income, product, expenditure · D) public sector, private sector and joint sector

Ans: Null — question dropped

35) Loss due to fire in a factory is recorded in the A) balance sheet · B) insurance account · C) profit and loss statement · D) factory account

Ans: C

36) Which of the following is correct? A) equity = asset + liability · B) liability = asset + equity · C) asset = liability + equity · D) equity = liability

Ans: C — the accounting equation.

37) An unpresented cheque is also commonly known as A) bounced cheque · B) credited cheque · C) uncollected cheque · D) outstanding cheque

Ans: D — bank reconciliation term.

38) How frequently is the Trial Balance prepared? A) quarterly · B) during the year · C) end of month · D) end of financial year

Ans: Null — question dropped

39) What is the meaning of incidence of tax? A) Effect of tax on demand & supply · B) Escaping tax payment legally · C) Who will bear the burden of tax · D) Rate of tax charged

Ans: C — incidence = final burden; impact = who pays first.

40) If assets are ₹2,00,000 and equity is ₹50,000, what is the liability? A) 2,50,000 · B) 2,00,000 · C) 1,50,000 · D) 2,20,000

Ans: C — 2,00,000 − 50,000.

41) In a bank statement, cash deposited is shown as A) debit · B) credit · C) expense · D) profit

Ans: B — the bank owes you more, so it credits your account.

42) When a company raises money from the public for the first time it is known as A) private placement · B) initial public offer · C) further public offer · D) green shoe option

Ans: B

43) What is the main objective of audit? A) To detect errors and fraud · B) To express a true and fair opinion on financial statements · C) To give a message to shareholders · D) To pay tax to the government

Ans: B

44) ______ is documentary evidence of a transaction done. A) Journal · B) Index · C) Voucher · D) Ledger

Ans: C

45) What is the main goal of financial management? A) minimize risk · B) maximize sales · C) minimize loss · D) maximize shareholder's wealth

Ans: D

46) On which income is direct tax NOT applicable? A) household property · B) agricultural income · C) business income · D) property tax

Ans: B

47) GST was implemented on A) 1st July 2019 · B) 1st July 2017 · C) 1st July 2018 · D) 1st July 2020

Ans: B

48) When audit is undertaken to check financial controls & irregularities in the organization, it is which type of audit? A) system audit · B) compliance audit · C) internal audit · D) statutory audit

Ans: C

49) In the absence of any profit-sharing ratio, how is profit divided? A) equally amongst all partners · B) on the basis of capital · C) on the basis of experience · D) as the court may decide

Ans: A — Indian Partnership Act default.

50) In the double-entry book keeping system: A) same transaction recorded in two people's accounts · B) two books are kept · C) recording a transaction and giving it debit & credit entry · D) recording the transaction twice

Ans: C

51) Decreasing value in tangible assets due to normal wear and tear is known as ___ A) expense · B) amortization · C) reserve · D) depreciation

Ans: D — amortization is for intangibles; that is the trap.

52) In the ledger book which accounts are maintained? A) only nominal · B) only real · C) real, personal and nominal · D) real and nominal

Ans: C

53) P and Q share profits 3:2. They admit Y with a 1/5th share. New profit-sharing ratio? A) 12:4:7 · B) 12:8:5 · C) 12:5:8 · D) 8:5:12

Ans: B — Y takes 1/5; remaining 4/5 split 3:2 → P = 4/5 × 3/5 = 12/25, Q = 8/25, Y = 5/25.

54) A ledger account is prepared with the help of A) Transactions · B) Vouchers · C) Journals · D) Pass book

Ans: C

55) Opening capital ₹80,000, closing capital ₹1,00,000. Profit or loss? A) profit 1,00,000 · B) loss 1,00,000 · C) profit 20,000 · D) loss 20,000

Ans: C

56) In case of an overcharge, which document is issued? A) Debit note · B) Credit note · C) Bank note · D) Ledger note

Ans: A and B (double-keyed)

57) Trial balance helps to check the accuracy of the: A) balance sheet · B) ledger · C) journals · D) cash flow statement

Ans: B

58) The term "social accounting" was first introduced by A) Abraham Lincoln · B) J. R. Hicks · C) Adam Smith · D) William Scott

Ans: B

59) PFMS was earlier known as: A) compliance plan scheme monitoring system · B) central plan scheme monitoring system · C) fund planning monetary system · D) state plan scheme monitoring system

Ans: B — CPSMS → PFMS.

60) Expense incurred to start a business is a: A) fictitious asset · B) fixed asset · C) current asset · D) liability

Ans: A — preliminary expenses.

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Section 3 — General English (Q61–70)

61) He has promised that he ____ not harm you. (choose the right modal) A) might · B) may · C) could · D) shall

Ans: D

62) Identify the sentence written in the passive voice. A) Much to his surprise, he was chosen as the lead actor by the director. · B) The director chose him as the lead actor. · C) It was surprising that the director chose him… · D) The drama teacher chose him as the lead actor.

Ans: A

63) It is not ____ to ____ nasty emails to your subordinate. A) write, right · B) right right · C) right, write · D) write, write

Ans: C

64) It very often ____ here in April. A) rains · B) rained · C) is raining · D) had rained

Ans: A — simple present for habitual action.

65) She was very courageous to learn to ____ ski at fifty. A) a · B) No Article · C) an · D) the

Ans: B

66) His infatuation ____ the girl led him astray. A) for · B) about · C) in · D) from

Ans: A

67) Rearrange into a meaningful paragraph: (a) This belongs to the rhizome group… (b) Haldi, also known as turmeric… (c) In India, haldi is widely used… (d) The traditional Indian therapeutic systems… A) abcd · B) bdac · C) cdab · D) bacd

Ans: D

68) Synonym for the underlined word: The food given in the hospital was insipid, but hygienic. A) tasty · B) delicious · C) tasteless · D) spicy

Ans: C

69) Idiom — A wet blanket: A) A man who is always drunk · B) A wife who is cold to her husband · C) To wear black and white clothes · D) A person who ends an enjoyable activity

Ans: D

70) He said to him, "Please wait here till I return." (indirect speech) A) He requested him to wait there till he returned · B) He told him please wait here till I return · C) He said him wait till I return here · D) He ordered him to wait till he returned

Ans: A — "Please" → requested, not ordered.

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Section 4 — Statistics (Q71–80)

71) Which of the following is an example of primary data? A) A public opinion poll on who should be the next President · B) A critical analysis of Julius Caesar · C) A person's Instagram account · D) Inflation data uploaded at the RBI website

Ans: A — data you collect yourself, first-hand, for your own purpose. Syllabus topic (i) Primary and Secondary Data

72) Population in 2020 = 140 lakh, in 2025 = 170 lakh. Approximate growth rate 2020→2025? A) 21 % · B) 57 % · C) 89 % · D) 12 %

Ans: A — (170 − 140)/140 = 30/140 = 21.43 %. Syllabus topic (ix) Demography

73) Which of the following is NOT an example of published data? A) Public records · B) Diaries · C) Business documents · D) Trade journals

Ans: B — diaries are unpublished personal records. Syllabus topic (i) Primary and Secondary Data

74) Ram and Shyam toss three unbiased coins. Shyam wins if he gets at least two tails. P(Shyam wins)? A) 1/2 · B) 2/3 · C) 3/8 · D) 5/8

Ans: A — P(2T) + P(3T) = 3/8 + 1/8 = 4/8 = 1/2. Syllabus topic (vi) Theory of Probability

75) In a frequency distribution the median is 12 and the mean is 13. Find the mode. A) 10 · B) 20 · C) 30 · D) 40

Ans: A — empirical relation Mode = 3 Median − 2 Mean = 36 − 26 = 10. Syllabus topic (v) Measures of Central Tendency

76) 17,25,980 people die from Dengue in 2022; population 1,35,00,50,000. Mortality rate per thousand? A) 1.79 · B) 1.28 · C) 3.56 · D) 0.78

Ans: B — 17,25,980 ÷ 1,35,00,50,000 × 1000 = 1.278. Syllabus topic (x) Vital Statistics

77) If for two attributes A and B, (AB) < (A)(B)/N, then the attributes are: A) Independent · B) Negatively associated · C) Positively associated · D) Cannot be determined

Ans: B — = is independence, > is positive association, < is negative. Syllabus topic (vii) Theory of Attributes

78) Which is NOT a characteristic of the Consumer Price Index (CPI)? A) Helpful in measuring purchasing power of money · B) Used as a measure of inflation · C) Helpful in wage negotiations · D) An important component in Fiscal Deficit

Ans: D — CPI has nothing to do with the fiscal deficit. Syllabus topic (viii) Theory of Index Numbers

79) Which of the following is NOT a type of questionnaire? A) Structured-Undisguised · B) Unstructured-Undisguised · C) Unstructured-Disguised · D) Normal-Disguised

Ans: D — the four real types are Structured/Unstructured × Disguised/Undisguised. "Normal" is invented. Syllabus topic (iii) Preparation of Questionnaires

80) Find the median of: 21, 33, 46, 51, 12, 5, 8, 23, 17, 37, 15, 36 A) 21 · B) 23 · C) 22 · D) 17

Ans: C — sorted: 5, 8, 12, 15, 17, 21, 23, 33, 36, 37, 46, 51. n = 12 → (21 + 23)/2 = 22. Syllabus topic (v) Measures of Central Tendency

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Section 5 — Mathematics (Q81–90)

Solved and cross-checked in Maths-Tagged-Answers.

81) The sum of two numbers is 18; the sum of their reciprocals is 1/4. The numbers are A) 12 and 6 · B) 10 and 8 · C) 9 and 9 · D) 11 and 7

Ans: A — x + y = 18 and (x+y)/xy = 1/4 → xy = 72 → roots of t² − 18t + 72 = 0 → 12, 6.

82) For what value of m do 5a + 7b = 2 and 15a + 21b = m have no solution? A) m ≠ 0 · B) m ≠ 4 · C) m ≠ 6 · D) m ≠ 6

Ans: Null — question dropped

83) If the points (5,2,4), (6,1,2) and (8,7,k) are collinear, then k = A) 2 · B) 1 · C) 2 · D) 3

Ans: Null — question dropped

84) Compound interest on a principal of ₹11,200 at 10% for 2 years? A) ₹200 · B) ₹220 · C) ₹252 · D) ₹300

Ans: C

85) If X and Y are two sets and X ∪ Y = X ∩ Y, then which is true? A) X = ø · B) Y = ø · C) X = Y · D) X ⊆ Y

Ans: C

86) Perimeter of the triangle with vertices 2i + 4j − k, 4i + 5j + k, 3i + 6j − k A) 3 + 2√3 + √5 · B) 3 + √2 + √5 · C) 3 + √6 + √5 · D) 3 + √6 − √5

Ans: C — AB = √(4+1+4) = 3, BC = √(1+1+4) = √6, CA = √(1+4+0) = √5.

87) Three unbiased coins are tossed. P(at most 2 heads)? A) 1/4 · B) 3/8 · C) 7/8 · D) 1/2

Ans: C — 1 − P(3 heads) = 1 − 1/8 = 7/8.

88) If A = {0,1,2,4} and B = {1,3,5}, then (A − B) × (A ∩ B) = A) {(0,1), (2,1), (4,1)} · B) {(0,1), (2,1), (3,1)} · C) {(1,1), (2,1), (4,1)} · D) {(1,0), (2,1), (3,1)}

Ans: A — A − B = {0,2,4}, A ∩ B = {1}.

89) (limit expression — image in the original paper) A) 1/2 · B) −1/2 · C) 1 · D) −1

Ans: A — the paper's hint: use L'Hôpital's Rule.

90) In how many ways can 8 students be seated on 8 chairs? A) 8 · B) ⁸C₁ · C) ⁸P₈ · D) 64

Ans: C — ⁸P₈ = 8! = 40,320.

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Section 6 — General Economics (Q91–100)

91) As per economic scholars, ______ was excluded from the definition of factor of production. A) land · B) money · C) capital · D) labour

Ans: B

92) Which approach measures national income by summing factor incomes to labour, capital, land and entrepreneurship? A) Domestic Product approach · B) Expenditure approach · C) National product approach · D) Income approach

Ans: D

93) If the price of an article is above the equilibrium price, then there is A) surplus in the market · B) shortage · C) more demand than can be supplied · D) equilibrium

Ans: A

94) All companies sell identical products; market share does not influence price. This is A) perfect competition · B) monopoly · C) oligopoly · D) monopolistic competition

Ans: A

95) To determine economic growth, GDP is compared to population — also known as ______ A) real gross product · B) income · C) total product · D) per capita income

Ans: D

96) Indifference curves are ______ to the origin, representing marginal substitution. A) Concave · B) Convex · C) Hyperbolic · D) Parabolic

Ans: B

97) Which analytical tool is used to craft fiscal policy? A) microeconomics · B) macroeconomics · C) individual investment planning · D) depreciation

Ans: B

98) In 1991, to resolve the balance of payments crisis, what happened to the value of the Indian rupee? A) It was devalued · B) It appreciated · C) It faced rapid inflation · D) It remained stable

Ans: A

99) Ricardo assumes the law of diminishing A) actual returns · B) marginal returns · C) surplus returns · D) total returns

Ans: B

100) Which will reduce the budget deficit? A) reduction in government expenditure · B) increase in government expenditure · C) decrease in exports · D) increase in imports

Ans: A

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Section 7 — General Knowledge / Science (Q101–110)

101) Which destroys the ozone layer the most? A) Chlorofluorocarbons · B) Oxygen · C) Nitrides · D) Plastic

Ans: A

102) Which among the following is a reducing agent? A) Oxygen · B) Magnesium oxide · C) Zinc · D) Chlorine

Ans: C

103) Which of the following is NOT a decomposer? A) Fungi · B) Insects · C) Hyenas · D) Earthworms

Ans: C — hyenas are scavengers, not decomposers.

104) Which is INCORRECT with respect to the properties of charcoal? A) It has lower calorific value than wood · B) It exists in a solid amorphous state · C) It is a low-density compound · D) It acts as a good absorbent

Ans: A — charcoal's calorific value is higher than wood's.

105) Which disease is caused by water contamination? A) Diarrhea · B) Marasmus · C) Elephantiasis · D) Malaria

Ans: A

106) Sam is suffering from Beri Beri. What deficiency does he have? A) Vitamin A · B) Vitamin B1 · C) Vitamin C · D) Vitamin K

Ans: B — thiamine.

107) A superbike starts from rest and reaches 10 m/s in 10 s. Acceleration? A) 1 m/s² · B) 10 m/s² · C) 5 m/s² · D) 3.33 m/s²

Ans: A — (10 − 0)/10.

108) Select the plant that obtains nutrition from a host without benefiting it: A) Saprophytic · B) Parasitic · C) Symbiotic · D) Autotrophic

Ans: B

109) Heat energy produced in a 5 Ω resistance when 2 A flows for 5 seconds? A) 50 J · B) 100 J · C) 12.5 J · D) 2 J

Ans: B — H = I²Rt = 4 × 5 × 5 = 100 J.

110) Which is the only non-metal that reacts with air to form its oxide by burning? A) Arsenic · B) Gas carbon · C) Graphite · D) White phosphorus

Ans: D

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Section 8 — Knowledge of Computers (Q111–120)

111) Preet wants to convert a scanned image of handwritten text into digital text. Which input device? A) Optical Character Reader · B) MICR · C) Digital camera · D) Keyboard

Ans: A

112) The speed of a hard disk is measured in terms of A) Revolutions Per Minute · B) Megabytes Per Second · C) Clock Speed · D) Pixel fill rate

Ans: A

113) Which virus attaches itself directly to an .exe or .com file and enters the device during its execution? A) Macro Virus · B) Boot Sector Virus · C) Direct Action Virus · D) Overwrite Virus

Ans: C

114) A computer input device with a flat surface, usually with a stylus? A) Mouse · B) Digitizer · C) Light Pen · D) Joystick

Ans: B

115) Which among the following is a Flash memory device? A) HDD · B) RAM · C) USB drive · D) Blu-Ray disc

Ans: C

116) Which storage device stores the BIOS? A) RAM · B) ROM · C) HDD · D) SSD

Ans: B

117) Aman wants to record a repeatedly-performed task. Which MS Excel feature? A) Excel Formulas · B) Excel Macros · C) Excel Functions · D) Excel Templates

Ans: B

118) Through which tab can you change Page Orientation in MS Word? A) Insert · B) Page Layout · C) References · D) Review

Ans: B

119) What type of network is the Internet? A) LAN · B) MAN · C) WAN · D) DAN

Ans: C

120) Which printer prints characters and images with direct physical contact between paper and printing machinery? A) Impact Printer · B) Non-Impact Printer · C) Character Printer · D) Line printer

Ans (as keyed): B

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📋 Answer key at a glance

Discarded (Null, awarded to all): Q34, Q38, Q82, Q83 — 4 questions. Double-keyed: Q23, Q29, Q32, Q56 — 4 questions. Key error found: Q120 (key says B, correct is A).

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🔗 Related

• The other real FAA paper: FAA 2024 (28 Jan 2024)
• Statistics worked solutions: Statistics-Tagged-Answers · notes: Notes-Statistics
• Mathematics worked solutions: Maths-Tagged-Answers · plan: Maths-Study-Plan
• Accountancy: FAA-ACCOUNTANCY-CHEAT-SHEET · FAA-ACCOUNTANCY-ALL-SHORT-NOTES
• The mislabelled Panchayat paper: 2022-paper · its twin: PAA-2020
• Vault index: Home · PROJECT-LOG