introduction(Budget, Re-appropriation, Budget process,
Appropriation accounts & Finance and Accounts, including
Railway budget & Capital budgeting, NPV and productivity
test of projects) PC-11
Re-appropriation
1)
Re-appropriation of funds from one plan head to
another plan head is within the powers of
(A) DRM
(B) PHOD
(C) GM
(D) Railway
Board
2)
Re-appropriation of funds
from one source to another source is within the powers
of
(A) Railway
Board
(B) GM
(C) PHOD
(D) DRM
3) Re-appropriation of funds from
one itemised work to another itemised work is within the powers of
(A) DRM
(B) PHOD
(C) GM
(D) Railway
Board
4)
Re-appropriation of funds under allocation EBR
from one itemised work to another itemised work of the same plan head is within
the powers of
(A) Railway
Board
(B) GM
(C) PHOD
(D) DRM
5) Re-appropriation
of funds from a priority work to a non-priority work
(A) DRM
(B) PHOD
(C) GM
(D) Railway Board
6)
Which of the following is/are correct?
Re-appropriations sanctioned at zonal level are
a.
Reflected in budget VPN
b.
Sanction memoranda is issued
c. Associate
finance concurrence is taken
(A) a only
correct
(B) b only
correct
(C) b&c
correct
(D) All are
correct
7)
Which of the following is/are correct? Funds can
be re-appropriated to a work
a.
having administrative approval and technical
sanction
b.
not exceeding its sanctioned cost
c. during
the currency of Vote on account
(A)
a only correct
(B)
b only correct
(C)
a&b correct
(D)
All are correct
8)
Re-appropriation is NOT permissible between
a.
Different grants
b.
Capital, railway funds, safety fund
c.
Voted and Charged
(A)
All are correct
(B)
b only correct
(C)
c only correct
(D)
a&c are correct
9)
Re-appropriation of funds from sanctioned survey
to another sanctioned survey requires the sanction of
(A)
DRM
(B)
PHOD
(C)
GM
(D)
Railway Board
10)
Re-appropriation from/to or among works under
plan head 21, requires sanction of
(A)
DRM
(B)
PHOD
(C)
GM
(D)
Railway Board
11) Find odd
one a. re-appropriation within plan heads 29&30 b. re-appropriation from
one lumpsum work to another lumpsum work within same plan head & source c.
re-appropriation from a DRF work to a DF work
(A)
a
(B)
b
(C)
c
(D)
None
12)
Re-appropriation of funds for booking
expenditure of left over works to a work not appearing in the LAW book
(A)
is within the powers of Railway Board
(B)
is to be revived first and then only sanctioned
by GM
(C)
is within the powers of GM
(D)
is within the powers of DRM
13)
Re-appropriation of funds for booking
expenditure of left over works to a work not appearing in the Pink book
(A)
is to be technically revived first and then
funds are allotted by Railway Board
(B)
is to be technically revived first and then only
sanctioned by GM
(C)
is to be projected under RE; technically revived
and then funds are allotted by Railway Board
(D)
is within the powers of DRM
14)
Under revenue expenditure re-appropriation of
funds from/to staff primary Units is within the powers of
(A)
Personal sanction of GM
(B)
PHOD
(C)
DRM
(D)
None of the above
15)
Re-appropriation instructions between Primary
Units of revenue expenditure is communicated
(A)
along with the spending limit order by Budget
Directorate
(B)
along with the Budget orders by Budget
Directorate
(C)
along with the Revised Grant by Budget
Directorate
(D)
None of these
16)
Irregular re-appropriations are reflected by
Audit in which Annexure of the Appropriation Accounts?
(A)
Annexure H
(B)
Annexure I
(C)
Annexure J
(D)
Annexure K
17)
Which of the following is/are correct?
a.
re-appropriations is not a substitute for good
budget practices
b.
large scale re-appropriations are not prohibited
c. re-appropriations
are best managerial tool for effective budget management.
(B)
a&b are correct
(C) b only
correct
(D) b&c
are correct
(E)
a&c are correct
18)
Which of the following is/are irregular
re-appropriation(s)?
a.
re-appropriation of funds as a whole with the
intention of restoring later
b.
Safety Fund to Capital
c. re-appropriation
of funds under revenue expenditure from PU 27 to PU 28
(B)
a only correct
(C) a&b
are correct
(D) c only
correct
(E)
b&c are correct
19)
Re-appropriation of funds in all plan heads from
pink book itemised work, provided the original outlay is not getting reduced
below Rs.1 lakh
(A)
DRM
(B)
PHOD
(C)
GM
(D)
Railway Board
a.
re-appropriations should not be done after RE/RG
b.
re-appropriations may be done without relating
to RE/RG
c. re-appropriations
may be carried out before end of financial year
(A) a only correct
(B) a&b are correct
(C) c only correct
(D) b&c are correct
21)
In respect of major projects valuing more than
the prescribed limit, a memorandum is prepared and vetted by Railway Board
Finance before sending to NITI Aayog for perusal of which authority?
(A)
AMs Committee
(B)
Expanded Board for Railway
(C)
Budget Directorate
(D)
None of these
22)
Arrange in the order of occurrence for major
projects whose value is more than the prescribed limit:
a.
In Principle Approval of NITI Aayog
b.
Consideration by EBR
c. CCEA
approval
d.
Inclusion in the Pink Book
(A)
b,a,c,d
(B)
a,b,c,d
(C)
d,c,b,a
(D)
b,c,d
23) Railway projects valuing more than the
prescribed limits are considered by Expanded Board for Railways (EBR), before
sending to NITI Aayog for In Principle Approval. EBR consists of
members from…
a.
Railway Board
b.
NITI Aayog
c. Ministry
of Programme Implementation and Statistics
d.
Ministry of Finance
(A)
a,b,c
(B)
a,b,d
(C)
a,b
(D)
a,b,c,d
24) For inclusion in the Pink Book, Projects valuing
less than Rs. 20 crs are approved and approval to process more than Rs.20 crs
works 'on file' signified by which
authority?
(A)
GMs of Zonal Railways concerned
(B)
AMs Committee
(C)
NITI Aayog
(D)
Ministry of Finance
25)
Expenditure can be incurred on a project/work
upon
(A) Approval by AMs Committee
(B) Inclusion in the Pink Book
(C) Sanction of detailed Estimate for the work included
in the Pink Book
(D) None of these
26)
Separation convention of 1924 on railways is the
result of recommendations of
which Committee?
(A)
Kunzru Committee
(B)
Prakash Tandon Committee
(C)
Rakesh Mohan Committee
(D)
Acworth Committee
27) Railway
Budget merged with General Budget from which Financial Year?
(A) 2017-18
(B) 2016-17
(C) 2015-16
(D) None of these
28) Find odd
one
(A) Capital
(B) DRF
(C) DF
(D) CF
29) Find odd
one
(A) DF
(B) CF
(C) DSF
(D) DRF
30) Which of
the following is not an internally generated source of financing?
(A) DRF
(B) Pension Fund
(C) PPP
(D) DF
31) Which of
these is NOT true: Capital is
(A) Part of
Gross Budget support
(B) Used for
creation of assets on railways
(C) An
internal source of financing
(D) None of
these
32) In
works, safety expenditure is financed from which source of finance?
(A) DF-I
(B) DF-II
(C) DF-III
(D) DF-IV
33) Under
which Major Head, Funds created out of surplus are shown?
(A) 3001
(B) 3006
(C) 3075
(D) 1001
34) Earning
of Commercial lines are shown against which Major head?
(A) 1001
(B) 1002
(C) 1003
(D) 3001
35) Miscellaneous
receipts are shown against which Major head?
(A) 1001
(B) 1002
(C) 1003
(D) 3001
36) Earning of strategic lines are budgeted against which Major head?
(A) 1001
(B) 1002
(C) 1003
(D) 3001
37)
Earnings of Railways reflected in which part of
Government Accounts, as Non-Tax Revenue?
(A)
Part III Public Account
(B)
Part II Contingency Fund of India
(C)
Part I Consolidated Fund of India
(D)
None of these
38)
I-small savings, PF etc; J-Reserve Funds;
K-Deposits and Advances; L-Suspense and Misc; -Remittances; N-Cash Balances are
reflected in which Part of Government Accounts?
(A) Part III Public Account
(B) Part II Contingency Fund of India
(C) Part I Consolidated Fund of India
(D) None of these
39)
Capital Outlay on IR - Commercial lines is
budgeted under which Major head?
(A) 3006
(B) 3075
(C) 5001
(D) 5002
40)
Railway Revenue expenditure is budgeted under
Social Services/Economic Services/Transport segment in which part of Government
Accounts, expenditure side?
(A) Part III Public Account
(B) Part II Contingency Fund of India
(C) Part I Consolidated Fund of India
(D) None of these
41)
IR expenditure on Policy formulation, Direction,
Research and Other Miscellaneous organisations is budgeted under which Major
head?
(A)
3001
(B)
3006
(C)
3075
(D)
1001
42)
Railway Audit expenditure is budgeted under
which Major head?
(A) 5001
(B) 3075
(C) 3006
(D) 3001
43)
Expenditure on Railway Centralised Training
Institutes is budgeted under which Major head?
(A) 5001
(B) 3001
(C) 1002
(D) 3075
74
44)
Indian Railways Revenue expenditure on
Commercial lines is budgeted under which Major head?
(A)
1001
(B)
3001
(C)
3002
(D)
3006
45)
Appropriation to Funds from Railway Surplus is
budgeted under which Major head?
(A)
1001
(B)
3001
(C)
3002
(D)
3006
46)
Railway expenditure of Strategic lines on
Capital account is budgeted in Transport segment under which major head?
(A)
5002
(B)
5003
(C)
3002
(D)
3003
47)
How many Demands for Grants are allotted for
Ministry of Railways after merger of Railway Budget with general Budget?
(A)
1
(B)
2
(C)
3
(D)
4
48)
'Annual Financial Statement' referred to in Art
112 (1) of the Constitution of India is otherwise known as –
(A)
Balance Sheet
(B)
Finance Account
(C)
Annual Budget
(D)
Cash- flow statement
49)
Which of the following
constitute Inventory Budget of IR under Capital segment?
a. Stores Budget b. WMS budget c. Misc. Advance (Capital) d. Works Budget
(B)
a
(C)
B
(D)
a,b,c
(E)
a,b,c,d
50)
Percentage of Working expenses to Gross earnings
is known as
(A)
Inventory Turn Over ratio
(B) Operating
Ratio
(C) Liquidity
Ratio
(D)
None of these
51)
Important Ratio worked out to guage the
financial health of Zonal Railways and IR as a whole is
(A)
Operation Ratio
(B)
Net Revenue to Capital at Charge
(C)
Surplus or Shortfall to Capital Employed
(D)
Inventory Turn Over Ratio
52) Gross Receipts are arrived by
(A)
Subtracting traffic suspense from Gross Earnings
(B)
Adding traffic suspense to Gross Earnings
(C)
Adding expenditure suspense to Gross Earnings
(D)
None of these
53)
Net Revenue of a Zonal Railway is the difference
between
(A) Gross Earnings minus Ordinary Working
Expenses
(B) Miscellaneous receipts minus Miscellaneous
expenses
(C) Total Receipts minus Total Expenditure
(D) None of these
54)
Charged expenditure is
(A)
Voted by Parliament
(B)
Sanctioned by FC (Railways)
(C)
Sanctioned by Chairman, Railway Board
(D)
Sanctioned by President
55)
Single Demand for Grant number assigned for
Railways in 2017-18 was
(A) 80
(B) 82
(C) 83
(D) None of these
56)
Demand for Grant number assigned for Railways in
2020-21 is
(A)
80
(B)
82
(C)
83
(D)
None of these
57)
Ordinary Working Expenses are budgeted in how
many Sub Major heads?
(A) 3
(B) 11
(C) 16
(D) None of these
58)
Appropriation to DRF and Pension Fund are
budgeted under which Sub Major head?
(A) Sub Major head 9
(B) Sub Major head 10
(C) Sub Major head 11
(D) Sub Major head 12
59)
On Zonal railways, payment towards interest
component of lease charges is budgeted under which Sub Major head of Major head
3002?
(A)
Sub Major head 7
(B)
Sub Major head 8
(C)
Sub Major head 9
(D)
Sub Major head 10
60)
While Pension Fund is appropriated under Sub
Major head 12, Pension and Retirement expenditure is booked under which Sub
Major head of Ordinary Working Expenses?
(A)
Sub Major head 9
(B)
Sub Major head 10
(C)
Sub Major head 11
(D)
Sub Major head 12
61)
Examples of Charged expenditure
(A)
Pay and allowances of C&AG
(B) Any
award decreed by court of law
(C)
None of these
(D)
Both of these
62)
As per Art 113(2) of Constitution of India,
Budget estimates are presented to Parliament in the form of
(A)
Demands for Grants
(B)
Abstract Estimate
(C)
Appropriation Accounts
(D)
Finance Accounts
63)
On Zonal railways, Budget process starts in
which month?
(A)
November
(B) September
(C) August
(D)
December
64)
Grants will be allotted through Budget Orders,
after
(A)
Submission of Demands for grants to Parliament
(B)
Obtaining Vote of Parliament
(C)
Passing of Appropriation bill in Parliament
(D)
None of these
65)
Unspent Budget allotment is
(A)
Carried forward next year
(B) Revenue
grant lapses, while Capital grant is carried forward to next year
(C) Both
revenue and capital grants are available for that financial year only
(D)
None of these
66)
Expenditure spent in excess of grant is
regularised by Parliament after tabling of Appropriation accounts and this is
called
(A)
Spending limit
(B)
Budget order
(C)
Expenditure order
(D)
Excess grant
67) Budget is a
(A) Managerial
document
(B) Constitutional
document
(C) None of these
(D) Both of
these
68)
Based on the Revised estimate projections, where
additional grants are required, the same will be communicated separately after
obtaining vote of Parliament. These are called
(A) Additional grants
(B) Supplementary grants
(C) Excess grants
(D) Original grants
69)
As per Art 113(3) of Article of Constitution of
India, no Demand for grant can be made except on the recommendation of
(A) Chairman, Railway Board
(B) FC (Railways)
(C) President
(D) NITI Aayog
70) Under
which Article of Constitution of India, charged expenditure is not
|
|
subjected to Vote of
Parliament? |
|
|
|
(A) |
112(1) |
|
|
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(B) |
113(1) |
|
|
|
(C) |
113 (2) |
|
|
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(D) |
115(1) |
|
|
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71) |
Budget reviews conducted
on railways are: |
a.
August Review b. Revised |
|
|
|
Estimate/Budget Estimate
c. Final Modification |
|
|
|
(A) |
b,c |
|
|
|
(B) |
b only |
|
|
|
(C) |
a,b,c |
|
|
|
(D) |
d only |
|
|
|
72) |
Which of the following is
true? |
a.
Based on RE, Revised grant is given b. Based |
|
|
|
on BE, Budget Grant is
given |
c.
Based on FM, Final Grant is given |
|
|
(A) |
a only true |
|
|
|
(B) |
b only true |
|
|
|
(C) |
c only true |
|
|
|
(D) |
a,b,c are true |
|
|
73) Revised Estimate is prepared based on earnings/expenditure trends
of----, and
projections for the balance period.
(A) First 3
months
(B) First 5
months
(C) First 9
months
(D) None of
these
74)
Final Modification is prepared based on
expenditure trends of----, and projections for the balance period.
(A) First 3 months
(B) First 5 months
(C) First 9 months
(D) None of these
75)
In respect of works segment of budget on Zonal railways,
at RE/BE stage funds are sought for
(A)
Both works in progress and new works
(B)
New works only
(C)
Works in progress only
(D)
Both works in progress and new works chargeable
to capital only
76)
Minor heads in works segment are known as
(A) Plan heads
(B) Demands for Grants
(C) Sources of Finance
(D) None of these
77)
Revenue Credits are to be reflected under which
Primary Unit as minus figures?
(A) 33
(B) 52
(C) 98
(D) 99
78)
Which statement is correct?
a.
Vote of Parliament is obtained for Gross figures
of Demands for Grants
b.
Vote of Parliament is obtained for Credit
figures of Demands for Grants
c.
Vote of Parliament is obtained for Net figures
of Demands for Grants
(A) a
(B) b
(C) c
(D) None of these
79)
Under Revenue segment of budget, which Sub Major
head is directly linked to performance?
(A) SMH 7
(B) SMH 8
(C) SMH 9
(D) SMH 10
80)
For compiling Stores budget, figures of which
Primary Unit (approved by GM) are communicated to Stores branch?
(A)
PU 18
(B)
PU 32
(C)
PU 28
(D)
PU 27
81)
In which part of Capital segment(s) of budget,
'deduct entries' is/are found?
(A) Works budget and Workshop Manufacture
Suspense (WMS) budget
(B) Stores budget and Works budget
(C) Stores budget and Workshop Manufacture
Suspense (WMS) budget
(D) None of these
budget?
(A) Debit side of WMS; deduct entry on the
receipt/debit side of Stores budget
(B) Debit side of WMS; deduct entry on the
issues/credit side of Stores budget
(C) Credit side of WMS; deduct entry on the
receipt/debit side of Stores budget
(D) None of these
83) Value of workshop manufactured stores returned
to Stores dept by Workshop is budgeted under which side of Stores budget; and
the same is shown as 'deduct
entry' on which side of
Workshop Manufacture Suspense (WMS) budget?
(A) Receipt/Debit side of Stores budget; deduct
entry on credit side of WMS budget
(B) Issue/Credit side of Stores budget; deduct
entry on debit side of WMS budget
(C) Receipt/Debit side of Stores budget; deduct
entry on debit side of WMS budget
(D) None of these
84)
Which of the following is true in respect of
'deduct entries'?
(A)
Value of stores met from Workshop Manufacture
Suspense (WMS) will form ‘deduct entry’ in Stores budget
(B)
Value of stores met from Stores budget will form
‘deduct entry’ in Workshop Manufacture Suspense (WMS) budget
(C)
Both of these are correct
(D)
None of these are correct
85)
For POH and other repairs of the home railway,
budget to accept the debits is asked under which Primary Units of Revenue
budget?
(A)
PU 34 (wages) & PU 35 (materials)
(B)
PU 33
(C)
PU 63 (wages) & PU 64 (materials)
(D)
PU 99
86)
For POH and other repairs pertaining to foreign
railway, budget to accept the debits is asked under which Primary Units of
Revenue budget?
(A)
PU 34 (wages) & PU 35 (materials)
(B)
PU 33
(C)
PU 63 (wages) & PU 64 (materials)
(D)
PU 99
87) For
accepting debits received towards Fuel for traction purpose drawn from Stores
(fuelling points: Rail Container Depots), budget is sought under which
(A)
SMH 9 and PU 32
(B)
SMH 8 and PU 32
(C)
SMH 10 and PU 27
(D)
SMH 8 and PU 27
88)
For accepting debits received towards Other than
Fuel drawn from Stores as per the indents, budget is sought under which PU of
Revenue budget?
(A)
PU 24
(B)
PU 27
(C)
PU 33
(D)
PU 63
89)
For accepting debits received towards Fuel for other
than traction purpose drawn from Stores, budget is sought under which Sub Major
head & PU of Revenue budget?
(A)
Respective Sub Major heads under PU 18
(B)
Respective Sub Major heads under PU 27
(C)
Respective Sub Major heads under PU 31
(D)
Respective Sub Major heads under PU 32
90)
What is the purpose served by 'Deduct entries'
in Stores and WMS budgets?
(A) Avoids budgeting for the same activity through two budgets, within
Capital segment
(B) Increases the budget requirement which can be used as cushion to
meet cost escalation
(C) Both of these
(D) None of these
91)
Funds for Motorcar Advance is budgeted under
which segment of budget?
(A) Revenue
(B) Capital
(C) Earnings
(D) Civil grants
92)
How many times Earnings budget is reviewed?
(A)
Once at RE/BE stage
(B)
Twice at RE/BE and FM stage
(C)
Thrice at August review, RE/BE stage and FM
stage
(D)
Every month
93)
Funds for mechanised coach cleaning activity are
sought under which Sub Major head (SMH)?
(A) 2
(B) 3
(C) 4
(D) None of these
94)
NPS, Government Contribution is budgeted under
which SMH and PU?
(A)
SMH 11 and PU 99
(B) SMH 11
and PU 08
(C)
SMH 09 and PU 08
(D)
SMH 1 and PU 08
95) Appropriation
Accounts are prepared in which form?
(A)
A.1106
(B)
E. 1212
(C)
F.403
(D)
S.1302
96)
As a system of reporting back to Parliament
(PAC), Railways submit these accounts for scrutiny of C&AG
(A)
Finance Accounts
(B)
Capital and Revenue Accounts
(C)
Account Current
(D)
Appropriation Accounts
97) Appropriation
Accounts compare the Actual expenditure with the grants
(A)
Voted by Parliament
(B)
Voted by Parliament and
appropriations sanctioned by President
(C)
Sanctioned by President
(D)
None of these
98) In
Appropriation Accounts variation should be explained between
(A)
Original Grant and Actual Expenditure
(B)
Original Grant plus Supplementary Grant and
Actual Expenditure
(C)
Final Grant and Actual Expenditure
(D)
Supplementary Grant and Actual Expenditure
99)
Schedule
for submission of Appropriation accounts to Audit is issued in consultation
with
(A)
Controller of Government Accounts
(B)
Public Accounts Committee
(C) Comptroller
& Audit General of India
(D)
None of these
100) Which of the following is NOT part of Appropriation Accounts?
(A)
Percentage of Working
expenses to Gross earnings
(B)
Statement of Uneconomic
branch lines
(C)
Statement of credit to
Capital for Retired assets
(D)
Annual statement of stores
transactions
101) Unsanctioned expenditure is reflected in
(A)
Annexure A
(B)
Annexure B
(C)
Annexure C
(D)
Annexure D
102) Annexure G consists of
(A)
Block Account
(B)
Balance Sheet and P&L Account
(C) Block
Account and Balance Sheet
(D) Block
Account, Balance Sheet, P&L Account
103) Block account reflects the value of railway physical assets created out
of
(A)
Loan Capital
(B)
Loan Capital & Internal sources of Railway
(C)
Internal sources of railways
(D)
EBR-P, EBR-Deposits, EBR-IF & EBR-PPP
104) Misclassifications (between Voted and Charged; Revenue and Capital
segments;
between
different sources of Financing etc) detected in the accounts are
(A)
reflected in which
Annexure?
(B)
Annexure H
(C)
Annexure I
(D)
Annexure J
(E)
Annexure K
105) Appropriation Accounts are prepared
(A)
After submission of March Final Account Current
(B)
After submission of monthly Account current
(C)
After submission of monthly Account current at
the end of every quarter
(D)
None of these
106) Consolidated Appropriation Accounts are signed by
(A)
GM & PFA
(B)
GM
(C)
Chairman, Railway Board
(D)
CRB &FC (Railways)
107) Column I of Appropriation Accounts reflects of
(A)
Original Grant
(B)
Supplementary Grant
(C)
Original Grant, Supplementary Grant and Residual
Grant
(D)
Final Grant
108) Number of Appropriation Accounts pertaining to Grants are
(A)
16
(B)
11
(C)
3
(D)
1
109) Number of Annexures prepared as part of Appropriation Accounts are
(A)
14
(B)
10
(C)
3
(D)
None of these
110)
Appropriation
Accounts for Capital grant are compiled plan head wise in how many segments?
(A)
Capital
(B)
Capital and Railway funds
(C)
Capital, Railway funds and SF
(D)
Capital, Railway Funds, SF and RRSK
111) Time limit prescribed to Pr. Director of Audit for vetting Appropriation
Accounts is
(A)
2 weeks
(B)
1 week
(C)
3 days
(D)
None of these
112)
Reply at
Unit level for Audit objections on Appropriation Accounts shall be furnished by
(A)
2 days
(B)
3 days
(C)
1 week
(D)
2 weeks
113)
Time limit prescribed to Pr. Director of Audit
for rebuttal on Appropriation Accounts and for furnishing reply from PFA is
(A)
2 weeks and 1 week respectively
(B)
3 calendar days and 2 calendar days respectively
(C)
2 calendar days and 3 calendar days respectively
(D)
None of these
114) Which is Not part of Parliamentary control on railway finances?
(A)
Annual Budget
(B)
Scrutiny of Appropriation Accounts by Public
Accounts Committee
(C)
Committee on Govt. Assurances
(D)
Debroy Committee
115) Which is NOT a Cut Motion?
(A)
Disapproval of Policy Cut
(B)
In Principle Cut
(C) Economy
Cut
(D)
Token Cut
116) After grants are voted by Parliament, a bill shall be introduced for
appropriating
funds from
Consolidated Fund of India as per which Article of the Constitution?
(A)
113
(B)
112
(C)
114
(D)
115
117) Annexure R-4 sent to Railway Board along with Revenue budget indicates
(A)
Performance Units of expenditure for Sub Major
heads 02-10
(B)
Staff Statements for all Sub Major heads
(C)
Traction-wise correlation and rates of fuel
(D)
None of these
Finance and Accounts, including Railway budget
118) Which of the following categories of staff in the Railways assist in
Internal Audit
(A)
/ Expenditure Control /
Prevention of Leakage of Railway Revenue?
(B)
Traffic Inspectors, Welfare Inspectors, Health
Inspectors
(C)
TIAs, ISAs and SSO Accounts Inspection
(D)
Enquiry Clerk, Inspector of Works, P. Way
Inspector
(E)
None of the above
119) The 5 C’s of the Internal Audit process are:
(A)
Check, Control, Create, Collaborate, Communicate
(B)
Control, Cascade, Confiscate, Challenge,
Coverage
(C)
Criteria, Condition, Cause, Corrective action,
Consequence
(D)
Command, Control, Check, Consider, Communicate
120) What are the 5 Watch Words for Public Expenditure?
(A)
Transparency, Fairness, Value for Money,
Quality, Time
(B)
Checks and Balances, Exchequer Control,
Budgetary Control, CAG Audit, Internal Audit
(C)
Publicity, Public Relations, Media Coverage,
Budgetary Review, Internal Audit
(D)
None of the above
121) Which is NOT a method for Expenditure Control?
(A)
Budgetary Control and Financial Reviews
(B)
Internal Audit and CAG Audit
(C)
Review of Unsanctioned and Objectionable items
of Expenditure
(D)
Material Modification and Price Variation Clause
122)
Coal as a
commodity contributes towards total freight revenue earned by the Railways:
(A)
Between 45% to 49%
(B)
Between 55% to 60%
(C)
Between 35% to 38%
(D)
Between 40% to 42%
123)
In Indian
Railways, as per the NTDPC report the average freight charges per NTKM are:
(A)
One of the lowest in the world
(B)
One of the highest in the world
(C)
Roughly equal to that of China
(D)
Roughly equal to that of USA
124) 124) In terms of the Route kms, India is:
(A)
2nd largest
rail system in the world
(B)
3rd largest
rail system in the world
(C)
4th largest
rail system in the world
(D)
The largest rail system in the world
125) Choose the correct option – Railways’ Revenue Expenditure in descending order is as follows:
(A)
Fuel, Pensions, Staff Wages, Misc. Expenditure,
(B)
Pensions, New Lines Construction, Signalling,
Wages
(C)
Staff Wages, Pension, Fuel, Stores purchases
(D)
Gauge conversion, Doubling, Staff Amenities,
Signalling
126) The total corpus of RRSK (Rashtriya Rail Sanraksha
Kosh) over a period of 5 years is:
(A)
Rs. 20,000 crores
(B)
Rs. 1,00,000 crores
(C)
Rs. 5,00,000 crores
(D)
Rs. 25,000 crores
127) The lease charges amount payable to IRFC
annually by Indian Railways is in the range of:
(A)
Rs.10,000 crores to Rs.
15,000 crores
(B)
Rs. 5,000 crores to Rs.
10,000 crores
(C)
Rs. 300 crores to Rs. 500
crores
(D)
Rs.50,000 crores to Rs.
60,000 crores
128) The
Dividend paid by the Indian Railways to Government of India in 2018-19 was:
(A)
Rs.3,500 crores
(B)
Rs.6,500 crores
(C)
NIL
(D)
Rs.4,000 crores
129)
Expenditure on Training and
related activities at NAIR is charged to:
(A)
Demand No.2
(B)
Demand No.16
(C)
Demand No.11
(D)
RRSK
130)
The Kisan Rail announced in
the Rail Budget 2020-21 would be used to transport:
(A)
Migrant workers
(B)
Marginalised farmers, free of cost
(C)
Fertilizers, Seeds and Pesticides
(D)
Perishables – milk, meat, vegetables for the
national cold chain
131)
The following are the major Station Development
and improvement works carried out by IR in 2018 and 2019:
(A)
Tree plantation, Private siding development, Car
parks
(B)
Multi-functional complexes (MFCs), Rain water
Harvesting, Solar lanterns, Wind farms
(C)
Façade improvement, Platform surfacing, Station
illuminations, Lifts and escalators
(D)
PPP, External borrowings, FDI’
(A)
Earnings from RLDA / Land Monetization, Car
Scooter Parking Land, Interest charges of Saloon, level crossings etc.
(B)
Earnings from RLDA / Land Monetization, Land
Lease charges, Receipt of Catering charges
(C)
Refund of earnings, Earnings of IRCTC, Car
Scooter Parking
(D)
None of the above
133) After the merger of
the Railway Budget, what has been the major implication:
(A)
Railways no longer has to prepare its Annual
Statement of Receipts & Expenditure
(B)
The Finance Ministry prepares the Railway Budget
(C)
Railways no longer have to pay dividend to the
Government
(D)
None of the above
134)
The Budgeted Operating
Ratio for 2020-21 is:
(A)
98%
(B)
99%
(C)
96%
(D)
94%
135) Indian Railways is making a gradual move towards
Accrual Based Accounting System as a part of Accounting Reforms. In this
system:
(A) Revenues
are reported in the year when it is earned, irrespective of when it is actually
received
(B)
Expenditure is allowed to accrue for some years
before it is accounted for
(C)
It is a modified Cash Based Accounting System
(D)
None of the above
136)
The length of the Bogibeel
Bridge, the longest rail-cum-road bridge in India is:
(A)
7 kms.
(B)
8.2 kms
(C)
5.5 kms
(D)
4.94 kms
137)
The approximate annual Pension liability in the
Indian Railways currently is in the range of:
(A)
Rs.35,000 crores to Rs.40,000 crores
(B)
Rs. 4,000 crores to Rs. 5,000 crores
(C)
Rs.60,000 crores to Rs.85,000 crores
(D)
Rs.48,000 crores to Rs.53,000 crores
138)
In a tender of Rs. 1 crore, the Performance
Guarantee in the form of an Irrevocable Bank Guarantee will be:
(A)
Rs.2 lakhs
(B)
Rs. 5 lakhs
(C)
Rs.10 lakhs
(D)
Rs.1 lakh
139) 139) What is provided in a tender to insulate both Railways and the tenderer from the effects of inflation?
(A)
Rate Variation clause
(B)
Price Variation clause
(C)
Cost Variation clause
(D)
None of the above
140)
140) Numerator in Operating
ratio is:
(A)
Ordinary Working Expenses
(B)
Ordinary Working Expenses + Appropriation to
Pension Fund and DRF
(C)
Ordinary Working Expenses + Miscellaneous
Expenses
(D)
None of the above
141) Abstract ‘Y’ in Earning Classification is:
(A)
Passenger Earning
(B)
Goods Earning
(C)
Sundry Earning
(D)
Other Coaching Earning
142)
142) After Budget Merger,
now all the Railway Demands are under Demand No.
____in General
Budget:
(A)
80
(B)
81
(C)
82
(D)
83
143)
The Pension Fund gets the
money from:
(A)
Revenue earned by Railways
(B)
Capital
(C)
Budgetary Support
(D)
Extra Budgetary Support
144)
Traffic Costing Officers in
Zonal Railways report to:
(A)
PCOM
(B)
PCM
(C)
PFA
(D)
PCEE
145)
Petty Expenses up to Rs.
____ in each case can be made through Cash Imprest:
(A)
Rs.10,000
(B)
Rs.15,000
(C)
Rs.5,000
(D)
Rs.2,000
146)
146) In Revenue Works,
Estimate is prepared if proposal cost is more than:
(A)
Rs.50,000
(B)
Rs.5,00,000
(C)
Rs.2,00,000
(D)
Rs.10,00,000
147)
Earnest Money in NIT for a
work costing Rs.1 crore is:
(A)
Rs.2 lakhs
(B)
Rs.5 lakhs
(C)
Rs.1 lakh
(D)
Rs.10 lakhs
Capital budgeting, NPV and productivity test of
projects
148)
The purpose of Works Register as per the
Engineering Code is to:
(A)
Numerically list all works under Revenue and
Capital in a Division
(B)
To list all works sanctioned under D.No.16 with
reference to sanctioned cost,budget allotment and details of expenditure
incurred
(C)
It is a register maintained in the office of the
Chief Engineer (Civil)
(D)
None of the above
149) Completion
Report has to be prepared for all works / projects completed in a Railway Unit,
as per the Engineering Code. What major support documents / data assist in
preparing the Completion Report?
(A)
Final Bill Summary, Completion Estimate and
Satisfactory Work Completion report by the Executive
(B)
Works Contractor’s self-assessed expenditure
booked to that work duly reconciled with the Executive’s expenditure account
(C)
Detailed Estimate, Abstract Estimate and Book of
Sanction
(D)
Material at Site Report, Material Modification
Report and Variation Statements for the work
150)
Productivity Test as a method of Post Project
appraisal is used for which category of Works in the Railways?
(A)
Works Charged to Development Fund
(B)
Works which will lead to a financial return on
capital invested in terms of traffic revenue earned after opening of a new line
as compared to estimated revenue / earnings
(C)
Works sanctioned in a Production Unit for all
high value capital machinery plant and the corresponding increase in the
physical output in the Production Unit
(D)
Works sanctioned for station development works
to measure the increase in number of originating passengers after the station
development work is over.
151)
The balance sheet of any organisation
represents:
(A)
Asset Statement
(B)
Statement of Financial Position
(C)
Statement of Profit and Loss Account
(D)
Cash Book Balance
152)
GST is a consumption of goods and service tax
based on:
(A)
Development
(B)
Dividend
(C)
Duration
(D)
Destination
153)
CAPAM stands for:
(A)
Capital Asset Pricing Model
(B)
Capital Amount of Printing Model
(C)
Capital Amount Pricing Model
(D)
Capital Asset Printing Model
(A)
Net future value method
(B)
Net present value method
(C)
Net capital budgeting method
(D)
Net dividend and discount method
155) ______________ refers to meeting the needs
of the present people without
compromising the ability of
future generations to meet their own needs
(A)
Corporate Social Responsibility
(B)
Sustainability
(C)
Convergence
(D)
Green Economics
156)
______________ is defined as the length of time
required to cover the initial cash outlay
(A)
Payback period
(B)
Inventory Conversion period
(C)
Discounted payback period
(D)
Budget period
157)
Out of the following, which is NOT a principle /
method which assists capital budgeting objectives?
(A)
The method should provide for an objective and
clear way of separating good projects from bad projects
(B)
The method should help in ranking of projects
according to their true profitability
(C)
Payback period in terms of cash flows should be
immediate
(D)
The method should help in choosing projects
which maximise shareholder wealth
Answer key
|
1D |
2A |
3C |
4B |
5D |
6D |
7C |
8A |
9C |
10D |
11C |
12B |
|
13C |
14D |
15A |
16B |
17D |
18B |
19C |
20D |
21B |
22A |
23D |
24B |
|
25C |
26D |
27A |
28A |
29D |
30C |
31A |
32D |
33B |
34B |
35A |
36C |
|
37C |
38A |
39D |
40C |
41A |
42D |
43B |
44C |
45D |
46B |
47A |
48C |
|
49C |
50B |
51A |
52B |
53C |
54D |
55A |
56C |
57B |
58D |
59A |
60C |
|
61D |
62A |
63B |
64C |
65C |
66D |
67D |
68B |
69C |
70B |
71A |
72D |
|
73B |
74C |
75C |
76A |
77C |
78A |
79B |
80D |
81C |
82A |
83C |
84C |
|
85A |
86C |
87D |
88B |
89C |
90A |
91D |
92A |
93D |
94B |
95C |
96D |
|
97C |
98B |
99C |
100B |
101A |
102D |
103B 104C |
105A 106D |
107C |
108A |
||
|
109B |
110D |
111A |
112C |
113B |
114D |
115B |
116C 117A |
118B |
119C |
120A |
|
|
121D |
122A |
123B |
130D |
131C |
132B |
133C |
134C |
135A |
142D |
143A |
144C |
|
145B |
146B |
147A |
148B |
149A |
150B |
151B |
152D |
153A |
154B |
155B |
156A |
|
157C |
|
|
|
|
|
|
|
|
|
|
|
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