📘 Regulation of Audit & Accounts, 2007-100 MCQs
(CPD – Paper II)
🔹 Q1. Regulation on Audit and Accounts was made under which section of the C&AG’s (DPC) Act, 1971?
A. Section 20
B. Section 21
C. Section 23
D. Section 24
Answer: C
🔹 Q2. Regulation on Audit and Accounts was issued in the year:
A. 2005
B. 2007
C. 2008
D. 2009
Answer: B
🔹 Q3. Regulation applies to:
A. IA&AD staff
B. Ministries/Departments
C. Bodies under C&AG audit
D. All of the above
Answer: D
🔹 Q4. “Audit Department” means:
Offices of IA&AD under C&AG responsible for audit.
🔹 Q5. “Audit Board” means:
Board constituted by C&AG for performance audit of CPSUs.
🔹 Q6. “Audit entity” refers to:
Any entity subject to audit by C&AG.
🔹 Q7. “Audit mandate” means:
Authority of C&AG under Constitution and Act.
🔹 Q8. “Audit memorandum” is:
A communication issued during audit for information/clarification.
🔹 Q9. “Audit note” is:
A note containing audit results based on available data.
🔹 Q10. “Audit office” means:
An office of C&AG responsible for audit.
🔹 Q11. Audit report of C&AG refers to:
Reports under Article 151 or relevant Acts.
🔹 Q12. “Audit review committee” is:
Committee for performance audit of State PSUs.
🔹 Q13. Auditing standards are:
Standards issued by C&AG.
🔹 Q14. “Accounts office” means:
Office responsible for compilation of accounts.
🔹 Q15. “Entitlement” includes:
Pay, PF, pension-related functions.
🔹 Q16. Government company is defined under:
Section 617 of Companies Act, 1956.
🔹 Q17. Deemed Government Company is defined under:
Section 619B of Companies Act, 1956.
🔹 Q18. Inspection report is:
Report containing audit results of an office.
🔹 Q19. Major irregularity includes:
Fraud, corruption, or serious financial irregularities.
🔹 Q20. Separate audit report is:
Report on accounts of a body or authority.
🔹 Q21. C&AG’s authority to inspect accounts is under:
A. Section 13
B. Section 14
C. Section 18
D. Section 19
Answer: C
🔹 Q22. Powers under Section 18 include:
A. Inspection of records
B. Calling information
C. Asking questions
D. All of the above
Answer: D
🔹 Q23. Auditors should not be members of management committees:
A. True
B. False
Answer: A
🔹 Q24. Scope of audit is determined under:
A. Section 10
B. Section 13
C. Section 19A
D. Section 23
Answer: B
🔹 Q25. C&AG is sole authority for audit scope:
A. True
B. False
Answer: A
🔹 Q26. Types of audit include:
A. Financial
B. Compliance
C. Performance
D. All of the above
Answer: D
🔹 Q27. Power to dispense detailed audit is under:
A. Section 22
B. Section 23
C. Section 24
D. Section 25
Answer: B
🔹 Q28. Audit can be conducted:
A. Audit office
B. Auditee office
C. Site of records
D. All
Answer: D
🔹 Q29. Special audit request approval by:
A. Cabinet Secretary
B. Secretary
C. Minister
D. None
Answer: C
🔹 Q30. Auditing standards apply to:
A. Auditor
B. Audit department
C. Auditee
D. All
Answer: C (as per given key)
🔹 Q31. Auditing standards include:
A. Basic postulates
B. General standards
C. Field standards
D. All
Answer: D
🔹 Q32. C&AG audits accounts of:
A. Union
B. States
C. UTs
D. All
Answer: D
🔹 Q33. C&AG certifies only appropriation accounts:
A. True
B. False
Answer: A
🔹 Q34. Excess/savings shown in:
A. Appropriation accounts
B. Finance accounts
C. Both
D. None
Answer: C
🔹 Q35. Time for re-appropriation statement submission:
A. 15 days
B. 1 month
C. 2 months
D. 3 months
Answer: B
🔹 Q36. Reasons for excess/shortfall sent to:
A. Audit office
B. Accounts office
C. Both
D. None
Answer: C
🔹 Q37. Audit of expenditure from Consolidated Fund under:
A. Section 13
B. Section 14
C. Section 15
D. Section 16
Answer: A
🔹 Q38. Audit of contingency fund derived from:
A. Sec 2(e)
B. Sec 13
C. Sec 2(e) r/w Sec 13
D. None
Answer: C
🔹 Q39. Audit of receipts under:
A. Section 13
B. Section 14
C. Section 15
D. Section 16
Answer: C
🔹 Q40. Audit of stores and stock (Union) under:
A. Section 15
B. Section 16
C. Section 17
D. Section 18
Answer: C
🔹 Q41. Audit of stores (UT with legislature):
A. Sec 17
B. Sec 17 r/w 2(e)
C. Sec 19
D. Sec 19 r/w 2(e)
Answer: B
🔹 Q42. Accounts of stores kept as per C&AG rules:
A. True
B. False
Answer: A
🔹 Q43. Audit of stores includes procurement, custody, verification etc.:
A. True
B. False
Answer: A
🔹 Q44. Entry conference held with:
A. Chief Secretary
B. Governor
C. Department Secretary
D. Additional Secretary
Answer: C
🔹 Q45. Entry conference includes scope, objectives, timeline:
A. True
B. False
Answer: A
🔹 Q46. Audit of bodies governed by:
A. Sec 14,15,20
B. Sec 14,15,19
C. Sec 14,15,19,19A,20
D. Sec 14,15,19,20
Answer: D
🔹 Q47. “Body” includes NGO, club, society etc.:
A. True
B. False
Answer: A
🔹 Q48. Sec 18 provisions not applicable to bodies:
A. True
B. False
Answer: B
🔹 Q49. Audit under Sec 14(1) requires:
A. ₹25 lakh
B. 75% funding
C. Both
D. None
Answer: C
🔹 Q50. Audit under Sec 14(2) requires:
A. ₹25 lakh
B. ₹50 lakh
C. ₹1 crore
D. ₹5 crore
Answer: C
Join WhatsApp Channel
No comments:
Post a Comment