Mock Test – 4 Data Management & Security Control

1. In tally prime, we can take data backup of multiple companies in a single directory.
a. True
b. False

2. __________ feature is used to protect the company data by providing the username and password in
Tally prime?
a. Security control
b. Remote access
c. Export of data
d. Synchronization

3. In tally prime, once after enabling the security control feature, the owner will not have the complete
rights to access the date.
a. False
b. True

4. In tally prime, the company security level ‘User and Password’ can be created from Gateway of
Tally > K: Company > Users and Passwords.
a. True
b. False

5. Which of the following is the correct login address for GST portal?
a. https://www.gst.gov.co.in/
b. https://www.gst.gov.com/
c. https://www.gst.govt.in/
d. https://www.gst.gov.in/

6. To record the intrastate inward supplies which of the following voucher is used in tally prime?
a. Sales
b. Purchase
c. Receipt
d. Receipt note

7. Which of the following taxes can be set-off with integrated tax in tally prime?
a. Central tax
b. Personal income tax
c. Corporate tax
d. Customs duty
e. Property tax
f. Integrated tax
8. GSTR-1: includes the transaction details of all outward supplies of B2B invoices, B2C invoices,
adjustments to sales made in debit/credit notes, exports, nil rated invoices, advances received with
tax adjustments.
a. True
b. False

9. What is the correct sequence to repair the corrupted data in tally prime?
a. From Gateway of Tally > F1: Help > Troubleshooting > Repair
b. From Gateway of Tally > F1: Help > Tally Help
c. From Gateway of Tally > F1: Help > About
d. From Gateway of Tally > F1: Help >Setting > Repair

10. What are the default ‘Security Levels’ available in Tally Prime?
a. Accountant
b. Data Entry Operator 1
c. Owner
d. Data entry
e. Administrator
f. Data Entry Operator 2

11. What will happen to the earlier release data folder after migrating the data to Tally Prime 3.0?
a. Data folder gets deleted and new data folder gets generated
b. Data folder gets retained with zero files
c. Data folder will get retained and renamed
d. Data folder will get overridden with tally prime 3.0

12. What are the taxes applicable on the supplies made within the Union Territory?
a. Union Territory Tax
b. State Tax
c. Central Tax
d. Integrated Tax

13. Under GST regime, the amount payable by a taxable person will be debited to an ______.
a. Electronic suspense ledger
b. Electronic cash ledger
c. Electronic tax liability ledger
d. Electronic credit ledger

14. In tally prime, we can take backup of multiple companies at one go, by selecting the option all items
from backup companies screen
a. True
b. False

15. If the company data is corrupted, the ‘Repair’ option is used to rectify it in tally prime.
a. False
b. True
16. In tally prime, if the company is created with 10003 digit, after taking data backup what will be the
file name in the folder?
a. TBK900_10003.003
b. TBK900_10003.003
c. TBK90010003.001
d. TBK900_10003

17. Which of the following is the navigation path to view GSTR3B report in tally prime?
a. Click Go To > GSTR Reports
b. Click Go To > GST Returns
c. Click Go To > Search type GSTR3B
d. Click Go To > Statutory Reports

18. The Input tax Credit of State tax will get first setoff with ______
a. State Tax
b. Integrated Tax
c. Union Territory Tax
d. Central Tax

19. In tally prime, once after activating the security control, we will be able to create the users for the
company and provide them access.
a. True
b. False

20. In tally prime, which of the following format of the backup file can be restored in tally prime?
a. TFG900
b. TBK900
c. TSK900
d. BBK900

21. What are the two types of invoices in the GST?

a. Proforma Invoice
b. Supplementary Invoice
c. Tax Invoice
d. Bill of Supply

22. What is the Navigation path to view GSTR-3B in Tally Prime?

a. Gateway of Tally > Display More Reports > GST Reports > GSTR-3B
b. Gateway of Tally > Display More Reports > GSTR-3B > GST Reports
c. Gateway of Tally > GST Reports > Display More Reports > GSTR-3B
d. Gateway of Tally > GSTR-3B > GST Reports > Display More Reports

23. If tally prime is installed in C:\ drive, then while taking data backup, which of the following location
path (drive) will be picked by default in the backup destination path field?
a. F:\Drive
b. D:\Drive
c. E:\Drive
d. C:\Drive
24. In Tally Prime, by default there are three security levels i.e., Owner, Data Entry and Manager.
a. True
b. False

25. In tally prime, if the company data is corrupted which of the following option can be used to rectify
the company data?
a. R: Repair
b. R: Recycle
c. R: Restore
d. R: Remove

26. In tally prime, while creating user for company which of the following options will get skipped if the
Tally.Net features if not enabled?
a. Password
b. Allow Browser Access
c. User Roles
d. Allow Remote Access
e. Security List
f. Username

27. In tally prime, a company data folder path can be configured from ______.
a. Gateway of Tally > Click Y: Data > Data Path
b. Gateway of Tally > Click Z: Exchange > Data Path
c. Gateway of Tally > Click K: Company > Data Path
d. Gateway of Tally > Click O: Import > Data Path

28. While recording the purchase transactions of GST, the GST Tax analysis can be viewed by clicking
on which of the following options in tally prime?
a. L: Optional
b. I: More Details
c. F10: Other Vouchers
d. H: Change Mode

29. When was GST introduced in India

a. 1st July 2017
b. 1st June 2017
c. 1st July 2016
d. 1st June 2016

30. In tally prime, GST company registration type can be selected from which of the following options
a. F12 configuration company GST details
b. F11 Features company GST details
c. W: Details company GST details
d. I: More details company GST details

31. Only the administrator can provide the data access to the users in tally prime?
a. False
b. True
32. How many security users can be created in tally prime?
a. Three
b. Unlimited
c. Two
d. Once

33. Naresh Trading limited is located in Karnataka supplies goods to Nagaraj Trading limited is based in
Tamil Nadu in the given statement which is place of supply?
a. Tamil Nadu
b. Both Karnataka & Tamil Nadu
c. Karnataka
d. Integrated Tax

34. How many digit of the HSN Code is required has to be specified by the tax payers, when the
taxpayers with a turnover of more than 5 crores in the financial year?
a. 4 Digits
b. 2 Digits
c. 8 Digits
d. 6 Digits

35. Prakash Private Limited for the first time loading the company data which was maintained the
Tally.ERP 9 software in Tally Prime, which upfront message will be displayed?
a. Import Required
b. Migration Required
c. Restore Required
d. Backup Required

36. In tally prime, if we configure tally vault for a particular company, then the company Name and ___
will be encrypted.
a. Data Path Name
b. Financial Year
c. Ledger Name
d. Folder Name

37. Which of the following summary report appears after successful data migration to tally prime 3.0
a. Statistics Summary
b. Group Summary
c. Stock Group Summary
d. Stock Summary

38. Which of the following point to be remembered before restoring the data backup in Tally Prime?
a. Do not restore data from a Pen drive
b. Do not restore data from a folder
c. Do not restore data from a damaged media
d. Do not restore data from a Hard Drive

39. In tally prime, what are the two types of registration available in company GST Details screen?
a. Non Regular
 b. Composition
c. Non Composition
d. Regular

40. In tally prime, while taking the backup of the particular company, the company folder number is
visible but the company name is not visible because we have configure ___ features.
a. Security Control
b. Security Levels
c. Password Configuration
d. Tally Vault

41. What are the reasons for introducing GST in India?

a. To eliminate the cascading effect of taxes
b. To make multiple tax structure
c. To decrease revenue
d. To make simple tax structure

42. In tally prime, security control can be activated in which of the following ways?
a. From Gateway of Tally > K: Company > Tally Vault
b. From Gateway of Tally > K: Company > Remote Access
c. From Gateway of Tally > K: Company > Security
d. From Company Creation or Alteration Screen
e. From Company Creation only
f. From Company Alteration screen

43. HSN Code and SAC Code in GST Stands for?

a. Harmonized System of Nomenclature
b. Harmonized Simply of Nomenclature
c. Statistics Accounting Code
d. Services Accounting Code

44. In Tally Prime, GSTR-1 can be filed either ___ or ____.

a. Daily ; Monthly
b. Daily ; Quarterly
c. Monthly ; Quarterly
d. Quarterly ; Weekly

45. What are the taxes applicable on the supplies made within the state?
a. State Tax & Import
b. Import Tax
c. Union Territory Tax & State Tax
d. Central Tax & State Tax

46. In Tally Prime, under the ‘list of users for company’ we can create only one user for the company
a. True
b. False
 47. What is the turnover for the taxable person, who can eligible to be a composite dealer under GST
Regime?
a. A taxable person carrying on interstate supply
b. Input service distributors
c. Supplies goods through an e-commerce operator
d. A business with a turnover up to Rs. 1.5 Crores

48. By default how many security levels will be available in tally prime
a. 4
b. 2
c. 3
d. 5

49. Which of the following taxes can be set off with integrated tax in tally prime?
a. Property Tax
b. Integrated Tax
c. Central Tax
d. Corporate Tax
e. Customs Duty
f. Personal Income Tax

50. As on 1st March 2021, Lakshmi electronics private limited purchased the goods from Ratna
Enterprises, Karnataka on credit. In this statement which of the following Tax ledgers has to be
created?
a. Integrated Tax
b. Ratna Enterprises A/c
c. Central Tax
d. State Tax

ANSWERS:-

1 A 14 A 27 A 40 D
2 A 15 B 28 B 41 A, D
3 A 16 D 29 A 42 C, D
4 A 17 C 30 B 43 A, D
5 D 18 A 31 B 44 C
6 B 19 A 32 B 45 D
7 A, F 20 B 33 A 46 B
8 B 21 C, D 34 D 47 D
9 B 22 A 35 B 48 A
10 C, D 23 D 36 B 49 B, C
11 C 24 B 37 A 50 C, D
12 A, C 25 A 38 C
13 C 26 B, D 39 B, C