Document From Arvind Kumar
Document From Arvind Kumar
2. “Appropriation” means
(a) the assignment, to meet specified expenditure, of funds included in a primary unit of
appropriation
(b) the assignment of authority to collect revenue under the scheme of departmentalization
(c) the assignment of authority to collect revenue and meet specified expenditure, of funds
included in a primary unit of appropriation
(d) the assignment of authority to impose taxes.
4. “Contingency Fund” means the Contingency Fund of India established under the Contingency
Fund of India Act, 1950, in terms of Article
(a) 266 (1) of the Constitution (b) 266 (2) of the Constitution
(c) 267 (1) of the Constitution (d) 267 (2) of the Constitution
7. “Head of the Department’ means an authority or person not below the rank of a
(a) Assistant Secretary to Govt. of India (b) Deputy Secretary to the Govt. of India
(c) Joint Secretary to Govt. of India (b) Principal Secretary to the Govt. of India
10. “Public Account” means the Public Account of India referred to in Article
13. The model in which Capital expenditures is used by the buyer to straightway purchase goods
followed by procurement of consumable, arranging comprehensive maintenance contact after warranty
period and finally disposing the product after useful life is
(a) OPEX Model (b) CAPEX Model
(c) Comprehensive Model (d) Buyback Model
14. The model in which Seller provides the goods, maintains it and also provides the consumables as
required and finally takes back the goods after useful / contracted life
(a) OPEX Model (b) CAPEX Model
(c) Comprehensive Model (d) Buyback Model
15. When the subject of a case concerns more than one Department, no order shall be issued until all
such Departments have concurred, or, failing such concurrence, a decision has been taken by or under
the authority of the
(a) Ministry of Finance (b) Union Cabinet
(c) Prime Minister (d) President
17. Where a doubt arises as to the interpretation of any of the provisions of Rules of GFR, the matter
for decision shall be referred to the
(a) Ministry or Department concerned (b) Ministry of Finance
(c) DoPT (d) Parliament
Q. Answer Rule
No
1 B 1 Sign of Secretary on 11.02.2017
2 A 2(iii)
3 A 2(vii)
4 C 2(ix)
5 A 2(xv)
6 D 2(xvi)
7 B 2(xvii)
8 A 2(xx)
9 A 2(xxiii)
10 A 2(xxiv)
11 C 2(xxvi)
12 B 2(xxix) subordinate to President
13 B 2(xxxi)
14 A 2(xxxii)
15 B 3
16 B 4 approval of the Ministry of Finance
17 B 5
18 A 6
1. All moneys received by or on behalf of the Government either as dues of Government or for
deposit, remittance or otherwise, shall be brought into Government Account
(a) on the same day (b) within 24 hours
(b) as soon as possible (d) without delay
2. All moneys received by or on behalf of the Government shall be brought into Government Account
in accordance with such general or special rules as may be issued under Articles
(a) 149 and 283 of the Constitution (b) 150 and 283 (1) of the Constitution
(c) 151 and 284 (1) of the Constitution (d) 151 and 283 of the Constitution
3. Under Article 284 of the Constitution all moneys received by or deposited with any officer
employed in connection with the affairs of the Union in his capacity as such, other than revenues or public
moneys raised or received by Government, shall be paid into the
(a) Consolidated Fund of India (b) Contingency Fund of India
(c) Public Account (d) Departmental Account
4. All moneys received by or deposited with the Supreme Court of India or with any other Court,
other than a High Court, within a Union Territory, shall be paid into
(a) Consolidated Fund of India (b) Contingency Fund of India
(c) Public Account (d) Departmental Account
5. The Head of Account to which public moneys shall be credited and the withdrawal of moneys
therefrom shall be governed by the relevant provisions of
(a) List of Major Head and Minor Head (b) Delegation of Financial Power
(c) GAR 1990 and R&P Rules, 1983 or such other general or special orders as may be issued
in this behalf.
(d) Treasury Rules
6. Subject to any general or special orders issued by a Department of the Central Government, an
Administrator or a Head of a Department responsible for the collection of revenue shall keep ________the
fully informed of the progress of collection of revenue under his control and of all important variations in
such collections as compared with the Budget Estimates.
(a) Secretary to the concerned department (b) Ministry of Finance
(c) Committee on Economic Affair (d) Niti Aayog
7. When the maintenance of any rentable building is entrusted to a civil department, other than the
Central Public Works Department, who shall be responsible for the due recovery of the rent thereof
(a) the Administrator or the Head of the Department concerned
(b) the head of the office concerned
(c) Divisional officer of the concerned division
(d) Directorate of Estate
9. Who shall watch the realization of miscellaneous demands of Government, not falling under the
ordinary revenue administration, such as contributions from State Governments, Local Funds, contractors
and others towards establishment charges.
(a) Head of the Department (b) Accounts Officers
(c) Chief Accounting Officer (d) Department of Revenue
10. Subject to any general or special orders issued by the Government Departments of the Central
Government, Administrators and Heads of Departments, other than those in _____________ shall submit
to the Audit Officer and the Accounts Officer concerned statements showing the remissions of revenue
and abandonment of claims to revenue sanctioned during the preceding year by competent authorities
(a) Ministry of Railways (b) Ministry of Defence
(c) Department of Post (d) Department of Telecommunication
12. The above mentioned statement of remission of revenue shall be submitted to the Audit Officer
and the Accounts Officer concerned on
(a) 31st March (b) 1st April
st
(c) 1 June (d) 30th September
13. In the annual statement of remission of revenue shall be submitted to the Audit Officer and the
Accounts Officer, individual remissions need not be included in the statements provided that amount is
(a) Below Rupees one hundred (100) (b) Below Rupees five hundred (500)
(c) Below Rupees one thousand (1000) (d) Below Rupees two thousand (2000)
14. Who may make rules defining remissions and abandonments of revenue for the purpose of Rule
19 of GFR 2017
(a) Parliament (b) President
(c) Ministry of Finance
(d) Departments of the Central Government and Administrators concerned
15. Standards of financial propriety have been referred to in the GFR under Rule
(a) 19 (b) 20
(c) 21 (d) 22
16. The financial powers of the Government, which have not been delegated to a subordinate authority,
shall vest in the
(a) President (b) Parliament
(c) Union Cabinet (d) Finance Ministry
18. An order which involves (i) any grant of land, or assignment of revenue, or concession, grant, lease
or license of mineral or forest rights, or rights to water, power or any easement or privilege of such
concessions, or relinquishment of revenue in any way shall not be issued by a subordinate authority without
previous sanction of
(a) the President (b) the Parliament
(c) Secretary of the concerned department/Ministry
(d) Ministry of Finance
21. A sanction for any fresh charge shall, unless it is specifically renewed, lapse if no payment in whole
or in part has been made during a period of
(a) 3 months from the date of issue of such sanction.
(b) 6 months from the date of issue of such sanction.
(c) 12 months from the date of issue of such sanction.
(d) Financial year in which sanction accorded.
23. The remission of disallowances by Audit and writing off of overpayments made to Government
servants by competent authorities shall be in accordance with the provisions of the
24. Pick the incorrect one regarding losses need not be reported by the subordinate authority
concerned to the next higher authority as well as to the Statutory Audit Officer and to the concerned
Principal Accounts Officer
(a) when such loss has been made good by the party responsible for it.
(b) Cases involving losses of revenue due to mistakes in assessments which are discovered
too late to permit a supplementary claim being made,
(c) Cases involving losses of revenue due to under assessments which are due to
interpretation of the law by the local authority being overruled by higher authority after the expiry of
the time-limit prescribed under the law
(d) refunds allowed on the ground that the claims were time-barred.
25. Petty losses are losses not exceeding (need not be reported) in terms of GFR 2017
(a) 2000/- (b) 5000/-
(c) 10000/- (d) 25000/-
26. Cases involving serious irregularities shall not be brought to the notice of
(a) Financial Adviser
(b) Chief Accounting Authority of the Ministry or Department concerned
(c) the Accounts Office/Audit Officer Concerned
(d) the Controller General of Accounts, Ministry of Finance.
28. The reports on losses, which the HoD cannot finally dispose of under the delegated powers, shall
be submitted to
(a) Financial Advisor of the concerned Ministry/Department
(b) Chief Accounting Authority of the concerned Ministry/Department
(c) the Finance Ministry
(d) the Parliament
30. In cases of loss to Government on account of culpability of Government servants, the loss should
be borne by the
(a) Government Servant concerned
(b) Section-in-charge of Government Servant concerned
(c) HoD concerned
(d) Central Government Department or State Government concerned with the transaction.
31. If any recoveries are made from the erring Government officials in cash, the receipt will be credited
to the that borne/sustained the loss i.e.
(a) Government Servant concerned
(b) Section-in-charge of Government Servant concerned
(c) HoD concerned
(d) Central Government Department or State Government concerned with the transaction.
33. Cases involving material loss or destruction of Government property as a result of fire, theft, fraud,
etc., shall be invariably reported to the Police for investigation as early as possible where value of loss
exceeds
(a) 10000/- (b) 25000/-
(c) 50000/- (d) 100000/-
34. All loss of immovable property, such as buildings, communications, or other works, caused by fire,
flood, cyclone, earthquake or any other natural cause, shall be reported at once by the subordinate authority
concerned to Government through the usual channel incase loss exceeds
(a) 25000/- (b) 50000/-
(c) 100000/- (d) 150000/-
35. Pick the incorrect one regarding submission of any files categorized as ‘Secret’ or ‘Top Secret to
Audit officer
(a) It should not be submitted to Audit without prior concurrence of Government.
(b) It should be submitted as usual.
(c) It should be submitted to Audit in the presence of HoD
(d) It should personally be given to the Head of the Audit Office specifying this fact, who will
then deal with it in accordance with the standing instructions for handling and custody of such
classified documents.
ANSWER
2. Presentation of Budget/ Annual Financial Statement to Parliament is made under the provision of
Article
(a) 112 (1) (b) 112 (2)
(c) 113 (1) (d) 113 (2)
3. Who shall arrange to lay Budget/ Annual Financial Statement before both the Houses of Parliament
(a) Concerned Ministry/Department (b) CGA
(c) Finance Minister (d) Public Account Committee
4. The provisions for preparation, formulation and submission of budget to the Parliament are
contained in Articles
(a) 112 to 116 of the Constitution of India. (b) 112 to 115 of the Constitution of India
110 to 114 of the Constitution of India 111 to 117 of the Constitution of India
7. The rates of user charges should be linked with appropriate price indices and reviewed at least
(a) every year (b) every two years
(c) every three years (d) every five years
8. The expenditure Charged on the Consolidated Fund and expenditure for which a vote of the Lok
Sabha is required have been provisioned in
(a) Article 112 (1) and Article 112 (2) respectively
(b) Article 112 (2) and Article 113(3) respectively
(c) Article 112 (3) and Article 113(3) respectively
(d) Article 112 (3) and Article 113(2) respectively
9. The estimates for expenditure for which vote of Lok Sabha is required shall be in the form of
(a) Vote on Account (b) Demand for Grants
(c) Vote for Grants (d) Vote on Demand
14. The heads under which provision for expenditure shall be made in the Demands for Grants or
Appropriation shall be prescribed by the Finance Ministry in consultation with the
(a) CGA (b) CAG
(c) Public Account Committee (d) Administrative Ministry or Department.
16. Outcome Budget Statement is prepared by Department of Expenditure in consultation with the
concerned Ministries and
(a) Union Cabinet (b) Finance Commission
(c) NITI Aayog (d) Public Account Committee
17. The budget statement linking outlays against each scheme/project with the outputs/deliverables
and medium term outcomes is known as
(a) Performance Budget (b) Output Budget
(c) Deliverable Budget (d) Outcome Budget
19. If the Appropriation Bill seeking authorization of the Parliament to make expenditure in consonance
with the Budget proposal is likely to be passed after the start of the financial year to which it corresponds
then pending the completion of the procedure prescribed in Article 113 of the Constitution for the passing
of the Budget, to cover expenditure for a brief period the Finance Ministry may need to obtain a
(a) Vote on Credit (b) Vote on Demand
(c) Vote on Account (d) Credit on Demand
22. A copy of the entries made in GFR 5 during the preceding month shall be sent by the officer
maintaining it, to the Head of the Department or other designated Controlling Officer on
(a) 1st day of next month (b) 3rd day of next month
(c) th
7 day of next month (d) 15th day of next month
24. To monitor the receipt of the returns from DDOs, the Controlling Officer will maintain a broadsheet
in Form
(a) GFR 3 (b) GFR 4
(c) GFR 5 (d) GFR 6
25. Pick the correct one regrading examining the point by the Controlling Officer on receipt of the
returns from DDOs
(i) that the accounts classification has been properly given
(ii) that progressive expenditure has been properly noted and the available balances worked
out correctly
(iii) that expenditure up-to-date is within the grant or appropriation
(iv) that the returns have been signed by Disbursing Officers. Where he finds defects in any of
these respects, he shall take steps to rectify the defect.
(a) i, ii and iii (b) i, ii and iv
(c) ii, iii and iv (d) All of the
26. When all the returns from the Disbursing Officers for a particular month have been received and
found to be in order, the Controlling Officer shall compile a statement in Form
(a) GFR 5 (b) GFR 6
(c) GFR 7 (d) GFR 9
27. On receipt of all the necessary returns, the Head of the Department shall prepare a consolidated
account showing the complete expenditure from the grant or appropriation at his disposal upto the end of
the preceding month in Form
(a) GFR 7 (b) GFR 8
(c) GFR 9 (d) GFR 10
28. Who shall be responsible for the monthly reconciliation of the figures given in the accounts
maintained by the Head of the Department with those appearing in the Accounts Officer’s books?
(a) DDO & Accounts Officer jointly (b) DDO & Head of Department jointly
(c) Head of Department & Accounts Officer jointly
(d) All of the above jointly.
30. The Head of the Department shall furnish a quarterly certificate to the Principal Accounts Officer
certifying the correctness of the figures relating to Grant for the quarter by
(a) the 15th of the following month after the end of quarters
(b) the 15th of the second following month after the end of quarters
(c) the last day of following month after the end of quarters
(d) the last day of second following month after the end of quarters
31. The Departments of the Central Government shall obtain from their Heads of Departments and
other offices under them the departmental figures of expenditure in Form GFR 8 by
(a) the 7th of the following the month (b) the 10th of the following the month
(c) the 15th of the following the month (d) the last day of the following the month
32. A Broadsheet shall be maintained by the Departments of Central Government or each Head of
Department and other authorities directly under them, to watch the prompt receipt of the various returns
from month to month in Form
(a) GFR 9 (b) GFR 10
(c) GFR 11 (d) GFR 11
33. In order to maintain proper control over expenditure, a Controlling Officer shall obtain from the
spending authorities liability statements in Form GFR 3-A every month, starting from the month of
(a) April (b) June
(c) September (d) October
35. Ultimately responsible for the control of expenditure against the grant/appropriation is
(a) Head of Department (b) Accounts Officer
(c) Authority administering the grant/appropriation
(d) Head of Department & Accounts Officer jointly.
36. The Accounts Officer shall not allow any payment against sanctions in excess of the Budget
provisions unless there is specific approval of the
(a) Head of Department (b) Chief Controller of Account
(c) Controller General of Accounts (d) Chief Accounting Authority.
40. An application for re-appropriation of funds shall ordinarily be supported by a statement in Form
(a) GFR 1 (b) GFR 2
(c) GFR 3 (d) GFR 4
41. In all orders sanctioning re-appropriation, the reasons saving and excess and affected primary units
(secondary units, wherever necessary shall be invariably Stated for amount of
(a) Rupees 50 thousand or over (b) Rupees 1 lakh or over
(c) Rupees 2 lakh or over (d) Rupees 5 lakh or over
43. Expenditure in excess of the provisions for the service included in an Appropriation (Vote on
Account) Act shall be met
(a) By Supplementary Grant (b) By Excess Grant
(c) By an advance from Consolidated Fund (d) By an advance from Contingency Fund
45. The procedure for obtaining an advance from the Contingency Fund and recoupment of the Fund
shall be as laid down in the
(a) Contingency Fund of India Rules 1952 (b) Contingency Fund of India Rules 1955
(c) Treasury Rule (d) GAR 1990
46. Who appears before the Committee on Public Accounts and any other Parliamentary Committee
for examination of accounts?
(a) Head of Department (b) CCA
(c) CAA (d) Financial Advisor
3. Accounts of the Union Government shall be submitted to the President of India, preferably within
(a) 1 month of close of the Financial Year (b) 3 months of close of the Financial Year
(c) 6 months of close of the Financial Year (d) 9 months of close of the Financial Year
4. Who shall cause Accounts of the Union Government to be laid before each House of Parliament?
(a) Finance Minister (b) Union Cabinet
(c) C&AG (d) President
5. The Accounts of the Union Government shall be kept in such form as the President may, on the
advice of the Comptroller and Auditor General of India, prescribe as given in Article
(a) 148 (b) 149
(c) 150 (d) 151
6. Who is responsible for prescribing the form of accounts of the Union and States, and to frame, or
revise, rules and manuals relating thereto on behalf of the President of India on the advice of the Comptroller
and Auditor General of India?
(a) Accountant General (b) CCA
(c) CAA (d) CGA
7. Government accounts shall be prepared on
(a) cash basis. (b) credit basis
(c) accrual basis (d) any of the above
12. The classification of transaction in Government Accounts shall have closer reference to
(a) Function/Programme/Activity (b) Department/Ministry
(c) Capital and Revenue (d) Charged and Voted
16. The Object Heads have been prescribed under Government of India’s Orders below Rule 8 of
(a) R&P 1983 (b) GFR 2017
(c) GAR 1990 (d) Delegation of Financial Power Rules
18. RBI shall nominate a bank to function as Accredited Bank of a Ministry or Department, in
consultation with the
(a) CGA (b) C&AG
(c) PAO (d) Finance Minister
21. Transaction charges for the financial intermediaries facilitating DBT payments shall be paid as
stipulated by
(a) Union Cabinet (b) Ministry of Finance
(c) Ministry of Trade & Commerce (d) Ministry of Corporate Affairs
22. Appropriation Accounts of Central Ministries/Departments other than Ministry of Railways, Defence
and Posts shall be prepared by the
(a) CCA (b) CGA
(c) C&AG (d) Principal Accounts Officer
23. Appropriation Accounts of Central Ministries/Departments shall be prepared under the guidance of
(a) CCA (b) CGA
(c) C&AG (d) Principal Accounts Officer
25. Union Government Appropriation Accounts (Civil) that required to be submitted to Parliament, shall
be prepared by
(a) Principal Accounts Officer (b) CCA
(c) CA&G (d) CGA
27. Accounts showing under the respective Heads the annual receipts and disbursements and
statement of balances for the purpose of the Union, are called
(a) Appropriation Accounts (b) Finance Accounts
(c) Proforma Accounts (d) Balance Sheet
28. Finance accounts of the Government of India (including transactions of Department of Posts and
Ministries of Defence and Railways and transactions under Public Account of India of Union Territory
Governments) shall be prepared and signed by the
(a) CGA (b) C&AG
(c) Secretary (Expenditure), Ministry of Finance
(d) Finance Minister
30. The certified Annual Accounts and the Reports relating to the accounts shall be submitted by the
Comptroller and Auditor General of India to the President in accordance with the provisions of
31. The Appropriation and Finance Accounts shall be prepared by the respective authorities on the
dates mutually agreed upon with the
(a) CGA (b) C&AG
(b) DRSC (d) Finance Minister
34. Proforma accounts of regular Government Workshops and Factories shall be kept in accordance
with the detailed rules and procedure prescribed in the
(a) GAR, 1990 (b) R&P, 1983
(c) GFR, 2017 (d) Departmental regulations.
36. Proforma accounts relating to Public Works shall be prepared by the Accounts Officers in
accordance with the instructions contained in
(a) Departmental regulations (b) Account Code for Accountants General.
(c) GAR, 1990 (d) Works Manual.
37. Where commercial accounts are maintained for the purpose of assessment of the cost of an article
or service, who shall ensure that adequate regulations are framed with the approval of Government in order
to ensure that the cost deduced from the accounts is accurate and true?
(a) Head of the Unit (b) CAG
(c) CGA (d) CCA
38. Subsidiary accounts and statements shall be submitted on such date as may be required by to the
(a) CCA (b) CAA
(c) CGA (d) Accounts Officer
39. Subsidiary accounts and statements shall be appended each year to the
(a) Appropriation Accounts (b) Finance Accounts
(c) Departmental Accounts (d) Balance Sheet
40. The Personal Deposit Account shall be authorised to be opened by a special order by the
concerned Ministry or Department in consultation with the
(a) CAA (b) CCA
41. Every personal deposit account so authorised to be opened, shall form part of the Government
Account and be located in the
(A) Consolidated Fund (b) Contingency Fund
(c) Public Account (d) Local Departmental Account
43. In relation to Civil and Criminal Courts’ deposits, Personal Deposit Account to be opened in favour
of the
(a) Chief Justice of High Court of the State Concerned
(b) Chief Justice of Supreme Court
(c) Bar Council (d) Chief Judicial Authority concerned
45. Significant expenditure incurred with the object of acquiring tangible assets of a permanent nature
or enhancing the utility of existing assets, shall broadly be defined as
(a) Assets expenditure (b) Capital expenditure.
(c) Revenue expenditure (d) At discretion of HoD
46. Charges on maintenance, repair, upkeep and working expenses, which are required to maintain
the assets in a running order as also all other expenses incurred for the day to day running of the
organisation, including establishment and administrative expenses, shall be classified as
(a) Revenue expenditure (b) Capital expenditure
(c) Major Expenditure (d) Contingent Expenditure
48. Charges for re- placement of all wastage or depreciation of property originally provided out of capital
grants shall be classified as
(a) Revenue Expenditure (b) Capital Expenditure
(c) Contingent Expenditure (d) At discretion of HoD
49. The cost of genuine improvements, which enhance the useful life of the asset whether determined
by prescribed rules or formulae, or under special orders of Government, may be debited to
(a) Revenue Expenditure (b) Capital Expenditure
(c) Contingent Expenditure (d) At discretion of HoD
50. Expenditure on account of reparation of damage caused by extraordinary calamities such as flood,
fire, earthquake, enemy action, etc., shall be charged to Capital, or to Revenue, or divided between them,
51. The allocation between capital and revenue expenditure on a Capital Scheme for which separate
Capital and Revenue Accounts are to be kept, shall be determined in accordance with such general or
special orders as may be prescribed by the Government after consultation with the
(a) CGA (b) CCA
(c) C&AG (d) Niti Aayog
52. Capital receipts accruing during the process of construction of a project, shall be classified as
(a) Revenue Receipt (b) Misc. Receipt
(c) Contribution (d) reduction of capital expenditure
53. Receipts and recoveries on Capital Account in so far as they represent recoveries of expenditure
previously debited to a Capital Major Head shall be taken in
(a) reduction of capital expenditure (b) Revenue Receipt
(c) Misc. Receipt (d) Contribution
55. For capital outlay provided otherwise (other than out of specific loan raised by the Govt.), interest
shall be charged at the rate of interest to be determined each year by the
(a) Department of Economic Affairs, Ministry of Finance.
(b) Department of Expenditure, Ministry of Finance
(c) Ministry of Trade & Commerce (d) Ministry of Corporate Affairs
56. As a convention, the period accepted by Central and State Governments for the re-audit of past
transactions involving errors in classification
(a) 2 years (b) 3 years
(c) 5 years (d) 10 years
57. The Central Government (which includes Union Territories) and the State Governments have
agreed under reciprocal arrangements not to prefer petty and isolated claims for an amount not exceeding
(a) 5000/- (b) 7500/-
(c) 10000/- (d) 15000/-
58. If a doubt arises as to whether a particular claim would fall within or outside the purview of the
proposed arrangement between the Central Government (which includes Union Territories) and the State
Governments, it shall be decided by
(a) Central Govt. (b) State Governments concerned
(c) mutual consultation (d) Parliament.
59. In the case of Projects, jointly executed by several Governments, where the expenditure is to be
shared by the participating Governments in agreed proportions, but the expenditure is ab-initio incurred by
one Government and shares of other participating Governments recovered subsequently shall be exhibited
as
(a) Revenue receipt (b) Misc. Revenue receipt
(c) Misc. Deposit Receipt (d) abatement of charges
62. Claims of State Governments, on account of the extra cost of agency functions entrusted to them
under
(a) Article 258 (b) Article 259
(c) Article 261 (d) Article 263
63. The date up-to which Inter-Governmental adjustments can be carried out as the books of RBI for
the month of March are closed on this very date
(a) 7th April (b) 15th April
(c) th
20 May (d) 1st June
64. Recoveries of expenditure for services rendered or supplies made to non-Government parties or
other Governments (including local funds and Governments outside India), shall in all cases, be classified
as
(a) Reduction of Expenditure (b) Receipts
(c) Contribution (d) Misc. Deposit Receipt
65. When a Government undertakes a service merely as an agent of a private body, the recovery of
entire cost of the service rendered shall be taken
(a) Reduction of Expenditure (b) Receipts
(c) Contribution (d) Misc. Deposit Receipt
68. For purposes of inter-Departmental payments, the Departments of a Government shall be divided
into
(a) Service departments and commercial departments
(b) Work departments and non-work departments
69. All claims shall ordinarily be preferred between Departments, both commercial and non-commercial
of the Central Government, within the same financial year and not beyond
(a) 2 years from the date of transaction. (b) 3 years from the date of transaction.
(c) 5 years from the date of transaction. (d) 7 years from the date of transaction.
70. The settlement of inter-departmental adjustments shall be regulated by the directions contained in
Chapter 4 of
(a) R&P 1983 (b) GAR,1990.
(c) GFR, 2017 (d) Treasury Rules
71. Between different Departments of the same Government, the recoveries effected for services
rendered shall be classified as
(a) Revenue Income (b) Misc. Income
(c) Deposit Receipt (d) Deductions from the gross expenditure.
73. Where a commercial department acts as an agent for the discharge of functions not germane to
the essential purpose of the Department, the recoveries shall be taken as
(a) Revenue Income (b) Misc. Income
(c) Reduction of expenditure (d) Deposit Receipt
74. Recoveries of fees for purchase, inspection, etc., effected by the Central Purchase Organizations
(DGS&D) of Government of India, are treated as
(a) receipts of the Department (b) deductions from the gross expenditure
(c) grant to the department (d) deposit receipt
1. Works which add capital value to existing assets but do not create new assets are called
(a) Original Works (b) Repair Works
(c) Minor Works (d) Contingent Works
2. New constructions, site preparation, additions and alterations to existing works, special repairs to
newly purchased or previously abandoned buildings or structures, including re-modelling or replacement
are called
(a) Original Works (b) Repair Works
(c) Minor Works (d) Contingent Works
3. Subject to certain conditions a Ministry or Department at its discretion may directly execute repair
works estimated to cost up to Rupees
(a) 10 lakhs (b) 15 lakhs
(c) 20 lakhs (d) 30 lakhs
4. A Ministry or Department may, at its discretion, assign to any Public Works Organisation (PWO)
repair works estimated to cost above Rupees 30 Lakhs and original/minor works of
(a) above 50 lakh (b) above 1 crore
(c) above 2 crore (d) any value
8. Limited tenders will be called for works costing less than Rupees
(a) 1 lakh (b) 2 lakh
(c) 5 lakh (d) 10 lakh
9. To review the progress of the work, the Administrative Ministry or Department will set up a Review
Committee consisting of a representative each from the Administrative Ministry, Finance (Internal Finance
Wing) and the Executing Agency when the estimate cost of approved project is Rupees
(a) 50 crore and above (b) 100 crore and above
(c) 200 crore and above (d) 500 crore and above
10. The Review Committee shall have the powers to accept variation within
(a) 5% of the approved estimates. (b) 10% of the approved estimates
(c) 10% of the approved estimates (a) 15% of the approved estimates
5. The Ministries/Departments shall l project their Annual Procurement Plan of goods and services on
GeM portal within
(a) 30 days of Budget approval. (b) 30 days of financial year
(c) 90 days of budget approval (d) 90 days of financial year
6. Depending on the nature of the goods the supplier(s) will be registered for a fixed period between
(a) 1 to 2 years (b) 1 to 3 years
(c) 2 to 3 years (d) 2 to 5 years
7. If a procuring entity determines that the bidder has breached the code of integrity it may debar a
bidder or any of its successors from participating in any procurement process undertaken by it for a period
(a) not exceeding two years (b) not exceeding three years
(c) not exceeding five years (d) not exceeding ten years
8. Purchase of goods without inviting quotations or bids on the basis of a certificate to be recorded by
the competent authority up-to the value of Rupees
(a) 10000/- (b) 15000/-
(c) 25000/- (d) 50000/-
9. Purchase of goods without inviting quotations or bids on the basis of a certificate to be recorded by
the competent authority up-to the certain has been given in GFR under Rule
(a) 145 (b) 147
(c) 150 (d) 154
10. Purchase of goods on each occasion may be made on the recommendations of a duly constituted
Local Purchase Committee costing
(a) above Rs. 10,000 up-to Rs.1,00,000/- (a) above Rs. 15,000 up-to Rs.1,50,000/-
(c) above Rs. 25,000 up-to Rs.1,50,000/- (a) above Rs. 25,000 up-to Rs.2,50,000/-
13. It is mandatory for Ministries/ Departments to receive all bids through e-procurement portals in
respect of all procurements. These instructions will not apply to procurements made by Ministries /
Departments through
(a) Multinational Companies (b) Public Sector Undertakings
(c) DGS&D Rate (d) Make in India Companies
14. Advertised Tender Enquiry should be resorted for procurement of goods of estimated value of
Rupees
(a) 10 lakh and above (b) 20 lakh and above
(c) 25 lakh and above (d) 30 lakh and above
16. Ordinarily, from the date of publication of the tender notice or availability of the bidding document
for sale, whichever is later the minimum time to be allowed for submission of bids should be
(a) 2 weeks (b) 3 weeks
(c) 4 weeks (d) 7 weeks
17. Where the bids from abroad are also to be obtained, the minimum period should be kept as
(a) 3 weeks for domestic and 4 weeks for foreign bidders.
(b) 3 weeks for both domestic and foreign bidders.
(c) 4 weeks for both domestic and foreign bidders
(d) 4 weeks for domestic and 6 weeks for foreign bidders
18. Limited Tender Enquiry may be adopted when estimated value of the goods to be procured is up
to Rupees
(a) 10 lakh (b) 15 lakh
(c) 20 lakh (d) 25 lakh
19. Copies of the bidding document should be sent directly by speed post/registered post/courier/ email
to firms which are borne on the list of registered suppliers for the goods in question under
(a) Advertised Tender Enquiry (b) Limited Tender Enquiry
(c) Multi Tender Enquiry (d) Two Stage Tender Enquiry
21. Purchase through Limited Tender Enquiry may be adopted even where the estimated value of the
procurement is more than 25 lakh in the following circumstances except
(a) The competent authority in the Ministry or Department certifies that the demand is urgent
and any additional expenditure involved by not procuring through advertised tender enquiry
is justified in view of urgency.
23. Procurement from a single source may be resorted to in the following circumstances except:
(a) It is in the knowledge of the user department that only a particular firm is the manufacturer
of the required goods
(b) In a case of emergency and reason for such decision is to be recorded and approval of
competent authority obtained.
(c) For standardisation of machinery or spare parts to be compatible to the existing sets of
equipment (on the advice of a competent technical expert and approved by the competent
authority), the required item is to be purchased only from a selected firm
(d) None of the above
25. An online real-time purchasing technique utilised by the procuring entity to select the successful
bid, which involves presentation by bidders of successively more favourable bids during a scheduled period
of time and automatic evaluation of bids is called
(a) Electronic Procurement (b) Electronic Reverse Auction
(c) Electronic Buyer Seller Action (d) Electronic Deliberation
27. To safeguard against a bidder’s withdrawing or altering its bid during the bid validity period in the
case of advertised or limited tender enquiry, Bid Security is obtained. Bid Security is also called
(a) Security Deposit (b) Performance Deposit
(c) Work Guarantee (d) Earnest Money
31. Bid securities of the unsuccessful bidders should be returned to them at the earliest after expiry of
the final bid validity and latest on or before the
(a) 30th day after the award of the contract.
(b) 45th day after the award of the contract
(c) 60th day after the award of the contract
(d) 75th day after the award of the contract
32. Performance Security should be for an amount of (of the value of the contract as specified in the
bid documents)
(a) 2 to 5% (b) 5 to 10%
(c) 5 to 15% (d) 10 to 15%
33. Period for which Performance Security should remain valid beyond the date of completion of all
contractual obligations of the supplier including warranty obligations?
(a) 30 days (b) 45 days
(c) 60 days (d) 90 days
34. Advance payments for procurement of goods and services may be made in cases advance
payment demanded
(a) by firms holding maintenance contracts for servicing of Air- conditioners, computers, other
costly equipment, etc. by firms against fabrication contracts, turn-key contracts etc.
(b) by firms supplying high value machinery and plants.
(c) by firms supplying scientific and technical items
(d) by firms supplying items are located abroad.
36. In case of advance to a State or Central Government agency or a Public Sector Undertaking, it
should not exceed:
(a) 20% of the contract value (b) 25% of the contract value
(c) 30% of the contract value (d) 40% of the contract value
37. In case of maintenance contract, the amount of advance should not exceed the amount payable
for
(a) 2 months under the contract. (a) 3 month sunder the contract
(c) 6 month sunder the contract (a) 12 months under the contract
38. Ministries or Departments of the Central Government may relax the ceilings (including percentage
laid down for advance payment for private firms) in consultation with
43. Preparation of a long list of potential consultants may be done on the basis of formal or informal
enquiries from other Ministries or Departments or Organizations involved in similar activities, Chambers of
Commerce & Industry, Association of consultancy firms etc. Where the estimated cost of the consulting
service is up to Rupees
(a) 10 lakh (b) 15 lakh
(c) 25 lakh (d) 40 lakh
44. “Expression of Interest” should be sought where the estimated cost of the consulting services is
(a) above Rs. 20 (b) above Rs. 25 lakh
(c) up-to Rs. 20 lakh (d) up-to Rs. 25 lakh
ANSWER
1. Who should certify that he has actually received the material and recorded it in the appropriate
stock registers?
(a) The Store-keeper (b) The cashier
(c) The officer-in-charge of stores (d) The head of office
3. Calculation of the charges to be recovered from the local bodies, contractors and others for hiring
out the fixed assets should be based on the
(a) Issue Rate (b) Schedule of Rate
(c) Market Rate (d) Historical cost.
5. A physical verification of all the consumable goods and materials should be undertaken at least
once in
(a) a month (b) a six-month
(c) a year (d) a two year
6. A material shall generally be considered surplus if it remains in stock for over______ unless
adequate reasons to treat it otherwise exist
(a) a year (b) two years
(c) three years (d) four years
10. If a bid is accepted during the process of auctioning the disposal, earnest money should
immediately be taken on the spot from the successful bidder. The amount of the earnest money should be
(a) not less than 10% (b) not less than 20%
(c) not less than 25% (d) not less than 30%
11. If a Ministry or Department is unable to sell any surplus or obsolete or unserviceable item in spite
if its attempts through advertised tender or auction, it may dispose of the same at its scrap value with the
approval of the competent authority in consultation with
(a) HoD (b) Finance division
(c) Accounts Officer (d) Legal Division
12. A sale account should be prepared for goods disposed of in Form GFR 11 duly signed by the
(a) officer who supervised the sale or auction
(b) Head of Department (c) Head of the Finance division
(d) Accounts Officer
14. Losses due to depreciation shall be analysed, and recorded under following heads except
(a) normal fluctuation of market prices
(b) losses due to extra ordinary situations under ‘Force Majeure’ conditions like fire, flood,
enemy action, etc.
(c) lack of foresight in regulating purchases
(d) negligence after purchase.
15. Losses not due to depreciation shall be grouped under the following heads
(i) losses due to theft or fraud (ii) losses due to neglect
(iii) anticipated losses on account of obsolescence of stores or of purchases in excess of
requirements
(iv) losses due to damage
2. The various classes of contracts and assurances of property, which may be executed by different
authorities, are specified in the Notifications issued from time to time by the
(a) Ministry of Finance (b) Ministry of Law
(c) Ministry of Trade & Commerce (d) Ministry of Industries
3. The powers of various authorities, the conditions under which such powers should be exercised
and the general procedure prescribed with regard to various classes of contracts and assurances of
property are laid down in
(a) Rule 107 of GFR 2017 (b) Rule 79 of R&P 1983
(c) Rule 52 of GAR 1990
(d) Rule 21 of the Delegation of Financial Powers Rules.
5. A Ministry or Department may, at its discretion, make purchases by issuing purchase orders
containing basic terms and conditions of value up to
(a) Rs. 200000/- (b) Rs. 250000/-
(c) Rs. 300000/- (d) Rs. 500000/-
6. Tender documents include the General Conditions of Contract (GCC), Special Conditions of
Contract (SCC) and scope of work, the letter of acceptance will result in a binding contract in respect of
Works Contracts, or Contracts for purchases valued between
(a) Rs. 100000-500000 (b) Rs. 200000-1000000
(c) Rs. 100000-1000000 (d) Rs. 200000-1000000
7. A Contract document should be executed, with all necessary clauses to make it a self-contained
Contract in respect of contracts for works with estimated value and purchase of
(a) Rs. 1000000 or above (b) Rs. 1500000 or above
(c) Rs. 2000000 or above (d) Rs. 5000000 or above
12. Price Variation Clause can be provided only in long-term contracts, where the delivery period
extends
(a) up-to 18 months (b) up-to 36 months
(c) beyond 36 months (d) beyond 18 months
13. The variations under Price Variation Clause are calculated by using indices published by
Governments or
(a) Chambers of Commerce (b) Chambers of Trade
(c) Chambers of Industries (d) All of the threes
14. No price adjustment under Price Variation Clause will be made in favour of the supplier where
resultant increase is lower than
(a) 1% (b) 2%
(c) 5% (d) 10%.
15. No price variation will be admissible beyond the original Scheduled Delivery Date for defaults on
the part of the supplier. However, it may be allowed beyond the original Scheduled Delivery Date, by specific
alteration of that date through an amendment to the contract in cases of Force Majeure or defaults by
Government.
(a) True (b) False
16. Copies of all contracts and agreements for purchases, and of all rate and running contracts entered
into by civil departments of the Government other than the departments like the DGS&D should be sent to
the Audit Officer and /or the Accounts officer as the case may be when value of the contracts/agreements
are of
(a) Rs. 10 lakh and above (b) Rs. 15 lakh and above
(c) Rs. 20 lakh and above (d) Rs. 25 lakh and above
18. No claim for the payment from contractor shall be entertained after the lapse of
(a) 3 years of arising of the claim. (b) 5 years of arising of the claim
(c) 7 years of arising of the claim (d) 10 years of arising of the claim
19. Monthly review should be made of all bank guarantees or other instruments expiring
(a) within 6 months (b) after 6 months
(c) within 3 months (b) after 3 months
3. Regional Centres/Offices/Sub-Stations of any autonomous body can be created with prior approval
of the administrative ministry in consultation with
(a) CGA (b) CCA
(c) Niti Aayog (d) Ministry of Finance
4. The Ministry or Department create a Corpus Fund out of budgetary allocation for an Autonomous
Body only with prior concurrence of
(a) CGA (b) CCA
(c) Niti Aayog (d) Ministry of Finance
5. In case of a Corpus Fund created out of internal resource, the approval to be obtained from
(a) Financial Advisor (b) Administrative Ministry
(c) Chief Controller of Accounts (d) CGA
6. Governing Body of the Autonomous Body shall review user charges/ sources of internal revenue
generation at least once
(a) a year (b) a two years
(c) a three years (d) a five years
8. Who will be responsible for overall financial management of the autonomous bodies?
(a) the Financial Advisor (b) the Chief Executive Officer
(c) the Governing Board (d) the Administrative Ministry/Department
9. Depending on the size and nature of activity of autonomous organisations, Ministry shall put in
place a system of external or internal peer review of autonomous organisations
(a) every one or two year (b) every two or three year
(c) every three or four year (d) every three or five years
.
10. Autonomous organisations as also others should be required to enter into a Memorandum of
Understanding with the Administrative Ministry or Department with a budgetary support of
(a) more than Rupees five crores per annum
(b) less than Rupees ten crore per annum
(c) more than Rupees ten crore per annum
(d) more than Rupees two crore per annum
11. Findings of the peer review should be examined and put up for appropriate decision by the
concerned programme division of the Administrative Department to the
(a) Secretary, Department of Expenditure, Ministry of Finance
13. The orders of Grant shall specify the time limit within which the Grant or each instalment of it, is to
be spent in case of
(a) Recurring Grants (b) Non-recurring Grants
(c) Capital Grants (d) Revenue Grants
16. All interests or other earnings against Grants in aid or advances (other than reimbursement)
released to any Grantee institution should be
(a) utilised for internal purpose
(b) allowed to be adjusted against future releases
(c) mandatorily remitted to the Consolidated Fund of India immediately after finalization of the
accounts.
(d) disposed of after having obtained the approval of Ministry of Finance.
19. The Grantee Institutions, to submit their requirement with supporting details by the
(a) end of September in the year preceding the year for which the Grants-in-aid is sought
(b) end of October in the year preceding the year for which the Grants-in-aid is sought
(c) beginning of financial year of preceding the year for which the Grants-in-aid is sought
(d) end of financial year of preceding the year for which the Grants-in-aid is sought
20. The Institution or Organisation should be informed of the result of their requests for Grant by
21. All Grantee Institutions or Organisations should ordinarily formulate terms and conditions of service
of their employees which are, by and large, not higher than those applicable to similar categories of
employees in Central Government which receive
(a) more than 50% of their recurring expenditure in the form of Grants-in-aid
(b) more than 50% of their non-recurring expenditure in the form of Grants-in-aid
(c) more than 75% of their recurring expenditure in the form of Grants-in-aid
(d) more than 75% of their non-recurring expenditure in the form of Grants-in-aid
23. In all cases of buildings constructed with Grants-in-aid, responsibility of maintenance of such
buildings shall be of the
(a) Ministry/Department concerned (b) CPWD
(c) Grantee Institution or Organisation (d) Any of the as decided by the Govt.
26. Pick the correct regarding precondition to the sanction of Grants-in-aid to the agencies
(a) the recipient body employs more than twenty-five persons on a regular basis and at least
fifty per cent of its recurring expenditure is met from Grants-in-aid from Central Government
(b) the body is a registered society or a co-operative institution and is in receipt of a general
purpose annual Grants-in-aid of Rupees fifty lakhs and above from the Consolidated Fund of India
(c) the terms and conditions under which the Grants-in-aid are given, should provide for
reservation for SC and ST or OBC in posts and services under such organizations or agencies
(d) All of the above
27. The approved administrative expenditure on pay and allowances of the personnel of the voluntary
organisation should not exceed
(a) 10% of Grant-in-aid (b) 25% of Grant-in-aid
(c) 50% of Grant-in-aid (a) 75% of Grant-in-aid
30. If the assets of a sponsored project/scheme are to be sold, the proceeds therefrom should be
(a) credited to the account of the sponsoring Departments/Organisations.
(b) credited to the account of the Organisations/Institutions executed project/scheme
(c) credited to the Consolidated fund of India
(d) Jointly shared by sponsoring Departments/Organisations and executing institutions
32. The accounts of all Grantee Institutions or Organisations shall be open to inspection by the
sanctioning authority and audit, both by the C&AG under the provision of CAG(DPC) Act 1971 and internal
audit by
(a) the Principal Accounts Office of the Ministry or Department
(b) externally hired Chartered Accountants
(c) Department of Expenditure, Ministry of Finance
(d) Grantee Institutions themselves
34. Where any Grant and /or loan is given for any specific purpose to any Institution or Organisation or
authority, not being a foreign State or international Body/Organization, the CAG, to scrutinize the
procedures by which the sanctioning authority satisfies itself as to the fulfillment of the conditions subject
to which such Grants and/or loans were given and shall, for this purpose, have right of access to the books
and accounts of that Institute or Organisation or authority under
(a) Section 15 (1) of the CAG’s (DPC) Act, 1971
(b) Section 15 (2) of the CAG’s (DPC) Act, 1971
(c) Section 16 (1) of the CAG’s (DPC) Act, 1971
(d) Section 16 (2) of the CAG’s (DPC) Act, 1971
35. Where the C&AG is the sole auditor for a local Body or Institution, unless specifically waived by
Government auditing charges will be payable by the
(a) Administrative Ministry/Department (b) auditee Institution in full
(c) IA&AD (d) Department of Expenditure, MoF
37. Issue of the final SAR in English version with audit certificate to Autonomous Body/ Government
concerned
(a) 30th September (b) 31st October
(c) th
30 November (d) 31st December
38. Submission of the Annual Report and Audited Accounts to the Nodal Ministry/Department for it to
be laid on the Table of the Parliament
(a) 30th September (b) 31st October
(c) 30th November (d) 31st December
39. Utilisation Certificate has been referred to in GFR 2017 under Rule
(a) 235 (b) 237
(c) 238 (d) 242
43. All the Ministries or Departments should include in their Annual Report a statement for the
information of Parliament where Private and Voluntary Organizations receiving recurring Grants-in-aid
(a) Rs. 10 lakh to less than Rs. 25 lakh (b) Rs. 10 lakh to less than Rs. 50 lakh
(c) Rs. 20 lakh to less than Rs. 50 lakh (d) Rs. 20 lakh to less than Rs. 1 crore
44. The Annual Reports and accounts of Private and Voluntary Organizations should be laid on the
Table of the House where these organisations are receiving recurring Grants-in-aid to the tune of
(a) Rs. 20 lakh & above (b) Rs. 25 lakh & above
(c) Rs. 50 lakh & above (d) Rs. 1 crore & above
45. Where applicable the Annual Reports and accounts of Private and Voluntary Organizations should
be laid on the Table of the House within (whether recurring or non-recurring grant)
(a) 6 months of the close of Financial Year (b) 9 months of the close of Financial Year
(c) 6 months of the close of the succeeding financial year
(d) 9 months of the close of the succeeding financial year
46. All the Ministries or Departments should include in their Annual Report a statement for the
information of Parliament where Private and Voluntary Organizations receiving one-time assistance or non-
recurring Grants as Grants-in-aid
47. The Annual Reports and accounts of Private and Voluntary Organizations should be laid on the
Table of the House where these organisations are receiving one-time assistance or non-recurring Grants
as Grants-in-aid
(a) Rs. 20 lakh & above (b) Rs. 25 lakh & above
(c) Rs. 50 lakh & above (d) Rs. 1 crore & above
48. In respect of the Scheme Utilization Certificate is submitted to Central Government by State
Government is Form
(a) GFR 12 C (b) GFR 14 C
(c) GFR 15 (d) GFR 16
50. When Central Grants are given to State Governments for expenditure to be incurred by them
through local bodies or private institutions, the Utilization Certificates should be furnished by
(a) the local bodies or private institutions (b) the State Government
(c) jointly by local bodies or private institution and State Government
(d) No UC required.
51. The Grantee Institutions or Organisations should be required to submit performance cum
achievement reports soon after the end of the financial year, and in any case, not later than
(a) 3 months after the close of FY (b) 6 months after the close of FY
(c) 9 months after the close of FY (d) a year after the close of FY
53. Submission of performance- cum-achievement reports may be dispensed with by the sanctioning
authority in cases where Grant-in-aid does not exceed
(a) Rs. 10 lakh (b) Rs. 15 lakh
(c) Rs. 20 lakh (d) Rs. 25 lakh
55 Grants-in-aid for provision of amenities or of recreational or welfare facilities to the staff of the
offices of the Government are regulated under orders of the
(a) Ministry of Home Affairs (b) Ministry of Finance
(c) DoPT (d) Ministry of Social Welfare
58. To match the subscriptions collected during the previous financial year by the existing staff clubs
an additional Grant-in-aid will be admissible up to Rupees (per head per annum)
(a) Rs. 10 (b) Rs. 15
(c) Rs. 20 (d) Rs. 25
59. In the case of staff clubs which are started during the financial year in which Grant-in-aid is to be
given, an additional matching grants-in-aid up to match the subscription collected by such clubs up to the
date on which the proposal for the Grant is mooted, may be sanctioned up-to Rupees (per head/pa)
(a) Rs. 10 (b) Rs. 15
(c) Rs. 20 (d) Rs. 25
60. The total strength of the eligible staff will be that existing on the
(a) 31st March (b) 30th April
(c) 30th June (d) 30th September
61. In the case of new staff clubs the total strength of the eligible staff will be that existing on the
(a) 31st March of preceding year (b) 30th September preceding year
(c) date on which proposal for Grant is mooted
(d) date on which proposal for Grant is sanctioned
63. The accounts of recreational clubs for the preceding year duly audited by an Internal Auditor should
be obtained immediately by the Ministry or Department before allocating funds for the next financial year
after the close of the financial year in any case by the (following year)
(a) 30th April (b) 31st May
(c) 30th June (d) 31st July
64. The nodal division in the to finalize terms and conditions of loans by the Central Government is
(a) Budget Division, Department of Expenditure, Ministry of Finance
(b) Budget Division, Department of Economic Affairs, Ministry of Finance
(c) Niti Aayog (d) Finance Commission
65 Interest for the full period (half-year or full year, as the case may be) shall be payable if the payment
of the instalment is made in advance of the due date by
(a) 14 days or less (b) 15 days or less
(a) 20 days or less (b) 30 days or less
66. When the due date of repayment of any instalment of principal or interest falls on a Sunday or a
public holiday, the due date will be
(a) working day preceding Sunday or public holiday
(b) next working day
(c) End of that particular month in which due date falls
(d) Any of the above as decided by sanctioning authority while sanctioning the grant/loan.
68. The payment of interest and the repayment of principal of a loan are always to be made with
reference to the calendar date on which the loan
(a) proposal mooted (b) sanctioned
(c) paid to the borrower
(d) withdrawn by the borrower from his accounts
70. In regard to cases where adjustment in the books of the Accounts Offices are only involved and
actual credit through the Reserve Bank of India is not necessary, the date of drawal of loan for purposes of
repayment and charging interest shall be
(a) the first date of the month of account in which the adjustment is effected
(b) the last date of the month of account in which the adjustment is effected
(c) the last date of the Financial year which the adjustment is effected
(d) the first date of following financial year.
71. The Principal Accounts Officers or Pay and Accounts Officers s, shall issue notices in Form GFR-
19 to the loanees (other than State and Union Territory Governments) i.e. Public Sector Undertakings,
statutory bodies and Government institutions etc. where
(a) the detailed accounts of loan is maintained by PAO
(b) amount involved is more than Rs. 50 lakh
(c) amount has been unpaid for the last 6 months
(d) administrative Ministry/department has authorised PAO to do so.71.
72. The Principal Accounts Officers or Pay and Accounts Officers s, shall issue notices in Form GFR-
19 to the loanees
. (a) 15 days in advance from due date (b) one month in advance from due date
(c) 2 months in advance from due date (d) 3 months in advance from due date.
73. Before approving the loan, the applicant shall be asked to furnish copies of profit and loss (or
income and expenditure) accounts and balance sheets for the last
(a) 2 years (b) 3 years
(c) 4 years (d) 5 years
74. Value of the security offered against the loan should be at least
(a) thirty-three and one-third per cent of the loan amount
(b) 100% of loan value
(c) thirty-three and one-third per cent above the amount of the loan
(d) 50% the amount of the loan
77. A written undertaking shall be obtained from a wholly Government-owned company at the time of
sanctioning the loan.in Form
(a) GFR 12 (b) GFR 13
(c) GFR 14 (d) GFR 15
79. Who will primarily be responsible for certifying to the Accounts Officer regarding fulfilment of the
conditions attaching to the loan
(a) The loanee institution (b) Sanctioning authority
(c) Head of administrative Ministry/Department
(d) Ministry of Finance
81. Utilization Certificates by the Department concerned to the Accounts Officer shall be submitted
(a) not later than 12 months from the date of sanction of the loan.
(b) not later than 18 months from the date of sanction of the loan
(c) not later than 12 months from the close of financial year in which loan sanctioned.
(d) not later than 18 months from the close of financial year in which loan sanctioned.
83. The penal or the higher rate of interest, as the case may be, shall not, except under special orders
of Government, be less than
(a) 2% per annum above the normal rate of interest
84. Any default in the payment of interest upon a loan or in the repayment of principal where details of
accounts of loan is maintained by Accounts Officer, shall be promptly reported by him to
(a) Principal Accounts Officer (b) Loanee Institution
(c) Ministry of Finance (d) sanctioning authority.
86. A competent authority may remit or write off any loans owing to their irrecoverability or otherwise,
after prior approval of the
(a) Ministry of Finance (b) Accounts Officer
(c) Administrative Ministry/Department (d) Parliament
87. Detailed accounts of loans to Institutions and Organizations, etc., shall be maintained by the
Accounts Officer who shall watch their recovery and see that the conditions attached to each loan are
fulfilled Subject to such general or specific directions as may be given by the
(a) Administrative Ministry/Department (b) Ministry of Finance
(c) C&AG (d) Principal Accounts Officer
88. Each Principal Accounts Officer shall submit a statement showing the details of outstanding Central
Loans borne on his books as on 31st March each year to the
(a) concerned Ministry or Department (b) C&AG
(c) Ministry of Finance
(d) Chief Controller of Accounts of concerned Ministry or Department
90. This statement in GFR 13 shall be submitted not later than the
(a) 30th April of following year (b) 30th June of following year
(c) 30th September of following year (d) 31st December of following year
91. The Administrative Ministries shall keep watch over the receipt of the Annual Statements regularly
from the Accounts Office in Form
(a) GFR 20 (b) GFR 19
(c) GFR 18 (d) GFR 17
92. A copy of Annual Assessment Report on status of all outstanding loans, including timely and
accurate payment of principal and interest due, shall be submitted by the Financial Advisor of the
Administrative Ministry concerned by 30th June of each financial year to
(a) concerned Ministry or Department (b) C&AG
(c) Ministry of Finance
(d) Chief Controller of Accounts of concerned Ministry or Department
1. The projects or schemes of the Government of India to be implemented through external aid receipt
from multilateral or bilateral funding agencies shall be approved
(a) Parliament through budget proposal
(b) Parliament separately from budget proposal
(c) Ministry of Finance
(d) President of India
5. The nodal agency to execute the legal agreement for loans or grants from external funding
Agency(ies) is
(a) Department of Economic Affairs, Ministry of Finance
(b) Department ofExpenditure, Ministry of Finance
(c) Department of Revenue, Ministry of Finance
(d) Department of Foreign Finance, Ministry of External Affair.
7. Responsible for implementing the financial covenants laid down in the agreement(s) executed by
Department(s) of Government of India and the External Funding Agency(ies) is
(a) Director of Foreign Loan and Assistance
(b) Controller of Aid Accounts and Audit
(c) Controller of Financial Aid & Assistance
(d) Director of Foreign Aid & Assistance
8. Controller of Aid Accounts and Audit (CAAA) is located in Finance Ministry in the
(a) Department of Budget (b) Department of Foreign Finance
(c) Department of Expenditure (d) Department of Economic Affairs
9. The external aid shall flow from the Funding Agency in foreign currency or Indian Rupees and
shall be received by the
(a) Controller of Aid Accounts and Audit (b) Reserve Bank of India, Mumbai
(c) Ministry of External Affair (d) Reserve Bank of India, Nagpur
10. How many procedures are laid down for withdrawal of funds from the loan or grant account?
(a) Two (b) Three
(c) Four (d) Five
12. A loan wise proformaaccount for liquidation of advancereceived from Funding Agencyshall be
maintained by
(a) Fund Agency concerned (b) Controller of Aid Accounts and Audit
(c) RBI, Central Account Office, Nagpur (d) RBI, Mumbai
13. Under the Direct Payment Procedure the Funding Agencyshall directly pay from the loan or credit
or grant account.to the
(a) the contractor or supplier or consultant (b) RBI, Mumbai
(c) Controller of Aid Accounts and Audit (d) Project Implementing Agency
14. In the case of Central Projects,Centrally Sponsored Projects and PublicSector or Financial
Institutions, the fund to theProject Implementing Agencyshall be released by
(a) Ministry of Finance (b) Controller of Aid Accounts and Audit
(c) the concerned administrative Ministry or Department
(d) RBI, Mumbai
16. The disbursements under the “Reimbursement procedure shall be consolidated under each loan
or credit State-wise by the
(a) office of the Controller of Aid Accounts and Audit
(b) concerned Ministry/Department
(c) concerned Implementing Agency
(d) Reserve Bank of India, Mumbai
17. The disbursements under the “Reimbursement procedure shall be consolidated under each loan
or credit State-wise by the office of the Controller of Aid Accounts and Audit at
(a) Daily basis (b) Weekly basis
(c) Monthly basis (d) Periodical intervals
18. The consolidated detail under each loan or credit State-wise prepared by the office of the Controller
of Aid Accounts and Audit shall be sent for issuing sanction for actual release of disbursement for each
state to
(a) Plan Finance Division of Department of Expenditure, Ministry of Finance
(b) Plan Finance Division of Department of Economic Affair, Ministry of Finance
(c) Non-Plan Finance Division of Department of Expenditure, Ministry of Finance
(d) Non-Plan Finance Division of Department of Economic Affair, Ministry of Finance
20. Under the Central or Central sponsored project financed from external aid, whether loan or grant,
the funds shall be released to Project Implementing Agency by the administrative Ministry or Department
with reference to expenditure incurred by the Project Implementing Agency within
(a) four weeks (b) four months
(c) six weeks (d) six months
21. When the Project Implementing Agency under Loan or Credit Agreement is a Public Sectorj or
Financial Institution or Autonomous Body and Government of India is the Borrower, funds required to be
passed on to the Project Implementing Agency for the expenditure incurred by the latter under the externally
aided project shall be provide in its budget by
(a) Ministry of Finance
(b) concerned project implementing agencies
. (c) Ministry of External Affairs
(d) the Administrative Ministry concerned
23. Responsible for prompt repayment of principal on the due date as per the agreements is
(a) Projet implemneting agency (b) O/o the CAAA
(c) concerned Administrative Ministry/Department
(d) Funding Agency
24. The repayment of loans and the interest payment shall be classified as
(a) Repayment of loan as charged and interest payment as voted one
(b) Repayment of loan as voted and interest payment as charged one
(c) Both the repayment of loans and the interest payment as charged ones
(d) Both the repayment of loans and the interest payment as voted ones
25. Interest payment on external loan shall be accounted for in the major head
(a) 2049 (b) 2070
(c) 2075 (d) 8680
26. The exchange variation in respect of foreign loans that have been fully repaid shall be adjusted
written off to
(a) 2070 (b) 2075
(c) 8680 (d) 8675
ANSWER
1. The Article of the Constitution of India that provide power of the Union Government to give
guarantees is
(a) 292 (b) 293
(c) 289 (d) 290
2. Powers to grant Government of India Guarantee, including those on external borrowings, vests with
the
(a) Budget Division, Department of Economic Affairs
(b) Budget Division, Department of Expenditure
(c) Plan Division, Department of Economic Affairs
(d) Plan Division, Department of Expenditure
5. With a view to enable the Ministry of Finance to examine cases of Government of guarantees and
extension thereto, all Ministries or Departments should furnish to that Ministry, data of certain operational
Parameters of the Public Sector Undertaking or Entity as given in Form
(a) GFR 24 (b) GFR 25
(c) GFR 26 (d) GFR 27
6. Where BIFR targets have been assigned or Cabinet directions issued to the Company, the actual
vis-à-vis targets should be indicated for the preceding
(a) two years (b) three years
(c) four years (d) five years
9. All risks other than principal amount and interest, including the exchange rate risk be
(a) covered by Government guarantee (b) borne by borrower
(c) borne by lender
13. Once the guarantee is approved by Ministry of Finance, the guarantees will be executed and
monitored by the
(a) Ministry of Finance (b) Administrative Ministries concerned
(c) Lender/Banker (d) Project Implementing Agency
14. Administrative Ministries concerned are required to report the status of guarantees to Ministry of
finance till they are invoked or are obliterated on
(a) Monthly basis (b) Quarterly basis
(c) Six monthly basis (d) Annual basis
16. The Financial Advisers in Ministry/Department will perform the responsibility of maintenance of
records and reporting including for the Finance Accounts and the IGAS, through the office of
(a) Controller/Chief Controller of Accounts (b) Controller General of Accounts
(c) Principal Accounts Officer (d) Controller Aid Accounts & Audit
17. All Ministries or Departments shall ensure that all guarantees are reviewed every year. A copy of
the review report including on timely and correct payment of guarantee fees, shall be forwarded by the
finance Advisor to the Budget Division by
(a) 31st March every year for the previous financial year.
(b) 30th April every year for the previous financial year.
(c) 30th September every year for the previous financial year
(d) 31st December every year for the previous financial year
23. A Guarantee Redemption Fund (GRF) for redemption of guarantees given to CPSEs, Financial
Institutions, etc., by the Central Government whenever such guarantees are invoked has been established
in the
(a) Consolidated Fund (b) Contingency Fund
(c) Public Account (d) Persona Deposit Account
24. The funding to the Guarantee Redemption Fund is to be done through budgetary appropriations,
as considered appropriate, under the head 'Transfer to Guarantee Redemption Fund' through the Demands
for Grants of the
(a) Department of Economic Affairs (b) Department of Expenditure
(c) Department of External Aid (d) Department of Revenue
2. Continuation of an existing post based on functional justification beyond the specified duration will
be with explicit approval of
(a) Ministry of Finance (b) concerned Admin. Min/Deptt
(c) President (d) Parliament
3. All proposals for increase in emoluments for an existing post(s) shall be referred for approval to the
(a) Head of the Department (b) concerned Admin. Min/Deptt
(c) Ministry of Finance (d) Principal Accounts Officer
4. The form in which a report of transfer of a Gazetted Government servant is made and signed both
by the relieved and relieving Government servants, shall be sent on the same day to the Head of the
Department or other Controlling Officers concerned
(a) GFR 18 (b) GFR 14
(c) GFR 20 (d) GFR 16
5. Every Government servant shall, at the time of the appointment, declare the date of birth by the
Christian era with confirmatory documentary. Pick the incorrect confirmatory documentary evidence for the
purpose
(a) Matriculation Certificate (b) Municipal Birth Certificate
(c) Certificate from the recognised school last attended
(d) Certificate from a Gazetted Officer
6. Service Books maintained in the establishment should be verified every year by the
(a) Head of Office (b) Head of Department
(c) Accounts Officer (d) Person concerned
7. Pick the incorrect one
(a) The service book of a government servant shall be maintained in duplicate. First copy shall
be retained and maintained by the Head of the Office and the second copy should be given to the
government servant for safe custody
(b) the second copy should be given to the existing government servant- within six months of
the date on which these rules become effective, if not already given and to new appointees within
one month of the date of appointment.
(c) In April each year the Government servant shall handover his copy of the Service Book to
his office for up-date.
(d) The office shall update and return it to the Government Servant within thirty days of its
receipt.
8. In case the Government servants’ copy of Service Book is lost by the government servant, it shall
be replaced on payment of a sum of
(a) Rs 100/-. (b) Rs 1000/-
(c) Rs 200/- (d) Rs. 500/-
9. The travelling allowance claim shall be submitted from date it becomes due within
(a) 30 days (b) 60 days
(c) 90 days (d) one year
12. A claim for overtime allowance shall fall due for payment on first day of the month following the
month to which the overtime allowance relates. The claim shall stand forfeited if not submitted within
(a) 30 days of the due date. (b) 60 days of the due date.
(a) 90 days of the due date. (a) 120 days of the due date.
13. Withholding an ordinary increment under FR 24 before the date on which it falls due for payment,
the period of one year should be counted from the date on which
(a) it falls due
(b) the date on which the Increment Certificate is signed by the competent authority.
(c) the date on which next Financial year ends
(d) the date on which next calendar year ends.
14. Any arrear claim of a Government servant shall be settled by the DDO or Accounts Officer, as the
case may be, after usual checks. which is preferred from its becoming due within
(a) 6 months (b) 9 months
(c) 1 year (d) 2 years
15. A claim of a government servant which has been allowed to remain in abeyance for a period
exceeding two years, should be investigated by the
(a) Head of the Office (b) DDO
(c) Head of the Department (d) PAO concerned
16. A time barred claim on account of causes and circumstance beyond the control of Government
Servant shall be paid with the express sanction of the Government issued with the previous consent of
(a) the Internal Finance Wing of the Ministry or Department concerned.
(b) the Principal Accounts Officer concerned.
(c) the Department of Expenditure, Ministry of Finance
(d) the Chief Controller of Accounts concerned.
17. A sanction to an advance or a non-refundable part withdrawal from Provident Fund shall, unless it
is specifically renewed, lapse on the expiry of a period of
(a) 2 months. (b) 3 months
(c) 6 months (d) 12 months
22. Security need not be furnished by the Government Servants in following cases except
(a) Government servants who are entrusted with the custody of stores, which in the opinion of
the competent authority are not considerable.
(b) Government servants, who are entrusted with the custody of office furniture, stationery and
other articles required for office management, if the Head of Office is satisfied about the safeguards
against loss through pilferage.
(c) Librarian, Library Staff and Drivers of Government vehicles.
(d) Cashier appointed in a Public Works Division.
23. A security deposit taken from Government servant shall be retained from the date he vacates his
post for at least
(a) six months (b) 3 months
(c) 2 years (d) 1 year
24. Pick the incorrect one
(a) Transfer of land from a Union Territory to a Central Government Department or vice versa
shall be on 'no profit no loss' basis.
(b) Transfer of land from one Department of the Government to another shall be on 'no profit
no loss' basis.
(c) Transfer of buildings and superstructures shall be at the present day cost minus
depreciation of these structures
(d) The allotment of land to, and recovery of cost of buildings from the Public Sector
Undertakings shall be at 'Historical Cost value'
25. Valuation for transfer of buildings and superstructures shall be obtained from the
(a) Ministry of Finance (b) Central Public Works Department
(c) Accounts Officer concerned (d) concerned Admin Min/Deptt.
26. The accounts of local bodies, other non-Government bodies, or institutions will be audited by the
Indian Audit and Accounts Department under such terms and conditions as may be agreed upon between
the Government and the Comptroller and Auditor General of India subject to the provisions of any law made
under Article
(a) 149 of the Constitution (b) 150 of the Constitution
(c) 151 of the Constitution (d) 152 of the Constitution
ANSWER