General Financial
Rules 2017 - Chapter 3:
Budget Formulation and Implementation
1.
Financial Year covers the period
A.
From 01 Jan to 31 Dec
B.
From 01 April to 31 March next year
C.
From 01 July to 30 June next year
D.
01 September to 31 August next year
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
C.
110 to 114 of the Constitution of India
D.
111 to 117 of the Constitution of India
5.
The budget shall contain the following:
-
A.
Estimates of all revenues expected to
be raised during the financial year to which the budget relates
B.
Estimates of all expenditure for each
programme, scheme and project in that financial year;
C.
Estimates of all interest and debt
servicing charges and any repayments on loans in that financial year;
D.
All of the above
6.
State whether true or false The
accounting heads under which major tax and non-tax revenues are collected shall
be prescribed by the administrative Ministry in consultation with the Budget
Division in the Finance Ministry.
A.
True
B.
False
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
10.
The final unit of appropriation is
A.
Major Head
B.
Minor Head
C.
Primary Head
D.
Object head
11.
State whether One Demand for Grant is
presented in respect of each Ministry or Department and under no circumstances
more than one Demand for Grant in respect of a single Ministry or Department
shall be presented
A.
True
B.
False
12.
The Demand for Grants shall be
presented to Parliament at
A.
single level
B.
two levels
C.
three level
D.
four levels
13.
Pick the incorrect one
A.
The Demand for Grants shall be
presented to Parliament at two levels.
B.
The main Demand for Grants shall be
presented to Parliament by the Ministry of Finance, Budget Division along with
the Annual Financial Statement
C.
The Detailed Demands for Grants, for
consideration by the “Public Account Committee (PAC) of the Parliament, are
laid on the Table of the Lok Sabha by the concerned Ministries/ Departments, as
per dates approved from time to time.
D.
None the above
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.
15.
DRSC stands for
A.
Disaster Relief Standing Committee
B.
Departmentally Related Standing
Committee
C.
Demand Reviewing Standing Committee
D.
Demand Review & Structure Committee
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
18.
MTEF Statement stand for
A.
Medium Term Expenditure Framework
B.
Most Tolerable Efficiency Factor
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
20.
Vote on Account’ has been referred to
in
A.
Article 113 of the Constitution.
B.
Article 114 of the Constitution.
C.
Article 115 of the Constitution.
D.
Article 116 of the Constitution.
21.
State whether true or false Funds made
available under Vote on Account may be utilized for expenditure on a ‘New
Service’.
A.
True
B.
False
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.
1 st day of next month
B.
3 rd day of next month
C.
7 th day of next month
D.
15th day of next month
23.
State whether true or false This
statement shall also include adjustment of an inward claim, etc., communicated
by Pay and Accounts Officer directly to the DDO (and not to his Grant
Controlling Officer). If there are no entries in the register in any month, a
statement need not be sent.
A.
True
B.
False
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 above
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.
29.
Pick the incorrect one
A.
DDOs shall maintain a Bill Register in
Form TR 28-A, and note all bills presented for payment to the PAO in the
register. Payment details shall be noted in the appropriate column of the Bill
Register.
B.
The PAOs shall furnish to each of the
DDOs including Cheque –drawing DDOs, an extract from the expenditure control
register or from the Compilation Sheet every month. statements for May to March
shall also contain Progressive Figures.
C.
The DDO shall furnish to the PAO a
certificate of agreement of the figures as per his books with those indicated
by the PAOs by the 15th day of the month following the month of accounts.
D.
The Principal Accounts Officer (or PAO
wherever payments, relating to a grant are handled wholly by a PAO) of each
Ministry, shall send a monthly statement showing the expenditure vis-Ã -vis the
Budget provision under the various heads of accounts to the Heads of
Departments responsible for overall control of expenditure against grant of the
Ministry as a whole.
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
34.
The Controlling Officer maintains a
Liability Register in Form
A.
GFR 2
B.
GFR 3
C.
GFR 3A
D.
GFR 6
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.
37.
State whether true or false The savings
as well as provisions even though that cannot be profitably utilised shall not
be surrendered to Government before the end of the year. No savings shall be
held in reserve for possible future excesses.
A.
True
B.
False
38.
Re-appropriation of Funds has been
referred to in
A.
Rule 10 of the Delegation of Financial
Powers Rules
B.
Rule 10 of GFR 2017
C.
Rule 10 of R & P 1983
D.
Rule 10 of GAR 1990
39.
Re-appropriation of fund involves
transfer of fund from
A.
One department to another
B.
One major head to another
C.
Capital to Revenue or vice versa
D.
One primary unit to another.
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
42.
Supplementary Grant has been mentioned
in Article
A.
113 of the Constitution
B.
114 of the Constitution
C.
115 of the Constitution
D.
116 of the Constitution
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
44.
Contingency Fund of India has been set
up under Article
A.
266 (1)
B.
267 (1)
C.
266 (2)
D.
267 (2)
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
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