Question 1
Which of the following accounting concepts states that business transactions should be recorded separately from the personal transactions of the owners?
Correct Answer:
Business Entity Concept
Question 2
While preparing a Bank Reconciliation Statement starting with the balance as per the Cash Book, how should an amount directly deposited by a customer into the bank account be treated?
Correct Answer:
Added to the Cash Book balance
Question 3
Which of the following errors is NOT disclosed by a Trial Balance?
Correct Answer:
Complete omission of a transaction from the books of original entry
Question 4
A machine was purchased on 1st April 2024 for ₹1,00,000. Under the Written Down Value (WDV) method, depreciation is charged at 10% per annum. What will be the book value of the machine on 31st March 2026?
Correct Answer:
₹81,000
Question 5
Under the Goods and Services Tax (GST) framework in India, which tax is levied on an inter-state supply of goods or services?
Correct Answer:
Integrated GST (IGST)
Question 1
Exam overview

About this Exam

Public Sector Undertaking (PSU) recruitment exams in India are gateway assessments for individuals seeking stable and prestigious engineering or management careers in government-owned corporations. These exams serve as a merit-based selection process for entry-level positions within "Maharatna," "Navratna," and "Miniratna" companies across various sectors, including energy, infrastructure, and heavy industry. The primary candidates are typically engineers, diploma holders, and management graduates seeking employment directly out of university or with limited experience. The level of competition is intensely high, requiring focused preparation and deep subject knowledge to stand out among thousands of applicants.

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Additional Information

What the Course Entails and Exam Details

As this is a study guide based on general knowledge and industry practices, it should be noted that this does not represent an endorsed preparation course for any single, specific current PSU exam. Instead, it provides a comprehensive overview of the technical and non-technical areas common to most major recruitment drives. A typical PSU recruitment exam is comprehensive, testing both specialized technical knowledge and essential aptitude. While the specific weightage varies by company and post, the core curriculum generally covers:

  • Technical Aptitude: This dominant section aligns closely with the standardized undergraduate curriculum relevant to the applicant's chosen engineering discipline (e.g., Mechanical Engineering, Electrical Engineering, Civil Engineering, Computer Science, Electronics & Communication). It evaluates candidates on their understanding of fundamental concepts, mathematical applications, and ability to solve practical, field-related problems.
  • Non-Technical Aptitude (General Aptitude): A crucial segment of the exam is dedicated to assessing foundational cognitive skills and professional competencies required in any corporate environment. This includes:
    • Numerical Ability/Quantitative Aptitude: Problem-solving involving basic mathematics, data interpretation, and statistical analysis.
    • Reasoning Ability: Tests of logical and analytical reasoning, as well as critical thinking.
    • Verbal Ability/English Language Comprehension: Evaluating grammar, vocabulary, and reading comprehension skills.
    • General Knowledge/Current Affairs: Testing awareness of significant national and international events, policy changes, and general awareness of the Indian business landscape.

 

What to Expect in the Final Exam

While specific exam structures are set by individual PSUs (such as ONGC, NTPC, BHEL, IOCL, etc.), candidates preparing for this recruitment process can generally anticipate the following format for the main written or online examination:

  • Exam Format: The vast majority of PSU recruitment exams consist entirely of multiple-choice questions (MCQs), where candidates select the correct answer from four or five given options.
  • Passing Score and Evaluation: There is typically no fixed "passing" percentage. Selection is competitive, based on merit relative to the available vacancies. A high level of accuracy and speed is essential, especially as many exams incorporate a negative marking scheme, penalizing candidates for incorrect answers. The final selection often includes a weightage for interview performance or group discussions for candidates who clear the written cut-off.
  • Time Limits and Structure: The written or online exam usually lasts between 2 and 3 hours. It is common for the test to be split into separate, timed sections (e.g., Technical section and Aptitude section), although this varies.
  • Specific Rules: Candidates are strictly monitored. Unless specifically stated otherwise for particular computerized testing platforms, the use of external aids like calculators, smartphones, or reference books is universally prohibited.

 

 How to Study and Exam Centers

Effective preparation for PSU recruitment requires a disciplined and strategic approach. To succeed, students are encouraged to use the following strategies:

  • Master the Core Technical Subjects: Since the technical section frequently carries the highest weightage, dedicating significant study time to mastering foundational engineering concepts is critical. Focus on standard textbooks from your university curriculum.
  • Develop Non-Technical Skills: Do not neglect the general aptitude sections. Regular, daily practice in quantitative reasoning, logical deduction, and verbal ability is essential for speed and accuracy. Use competitive exam preparation guides and online resources.
  • Stay Informed: For the General Knowledge section, develop a habit of reading national newspapers daily and following current affairs through reputable news and educational portals.
  • Practice with Mock Tests: One of the most effective methods is attempting previous years’ question papers and full-length mock tests under real exam conditions. This builds stamina, improves time management, and helps identify weak areas.

Exam Centers: Historically, PSU exams were conducted offline at physical test centers in major Indian cities. However, mirroring the trend in centralized government and entrance exams (such as those managed by the National Testing Agency or professional certifying bodies like Pearson VUE), most large-scale PSU recruitments are now administered as computer-based tests (CBTs). The specific exam center and testing mode (e.g., authorized test center or secure online portal) will be clearly indicated on the candidate's admit card and the official recruitment notification issued by the specific PSU.

 

 Job Opportunities from the Course

Securing a position through a PSU recruitment exam opens doors to highly sought-after, stable, and lucrative careers within the Indian public sector. Successful candidates typically enter the organization in a junior officer or trainee capacity before advancing through performance-based promotions. The job opportunities and career paths unlocked by performing well in these exams include roles such as:

  • Executive Trainee
  • Graduate Engineer Trainee (GET)
  • Assistant Manager
  • Junior Engineer / Assistant Engineer
  • Deputy Manager
  • Technical Officer
  • Scientific Officer
  • Management Trainee (for non-engineering specializations)

By preparing thoroughly and practicing consistently, students can maximize their chances of achieving high scores and securing these prestigious roles.

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