MCQ on Indian Railways Administration and Finance An introduction(Budgetary and expenditure control) PC-11
Budgetary and expenditure control
1)
Which is very effective document for
Parliamentary financial control and expenditure control?
(A) Exchequer
control
(B) Annual
budget
(C) Re
appropriations
(D) Expenditure
orders
2) What is the medium through
which Originating earnings are monitored continuously and concurrently with
those monthly budgeted targets?
(A) 10-day
statement of gross earnings
(B) Statement
6A
(C) Statement
7B
(D) Statement
7C
3) The
responsibility to watch that the expenditure incurred is not exceeded the Grant
lies with whom?
a)
Railway Board
b)
Zonal Railways and Divisions/Units
c)
all of these
(A) a
(B) b
(C) c
(D) None of
these
4)
To have meaningful comparison of expenses with
the allotment, the grant given for each Sub Major head over a year will be
distributed over 12 months, Sub Head wise & PU wise based on past
expenditure trends. The sums so arrived are called
(A) Budget
Grant
(B) Spending
Limit
(C) Final
Modification
(D) Proportionate
Budget Allotment
5) Soon
after communicating the Budget grant, duly conducting a quick review, reduced
amounts under specific Subheads and PUs are communicated to the budget spending
authorities for incurring expenditure not exceeding these limits. These limits
are called
(A) Proportionate
Budget Allotment
(B) Spending
Limits
(C) Revised
grant
(D) None of
these
6) A
monthly statement of receipts and expenditure for and to end of the month
comparing with the Grant is put up to Unit Heads by Accounts officers and also
sent to Railway Board by PFA. This statement is called
(A) Monthly
Financial Review
(B) Accounts
Current
(C) Balance
Sheet
(D) None of
these
7) All the
Revenue expenditure incurred in a month will be classified as per the
accounting classification and recorded in a document comparing with the
Proportionate Budget Allotment. Name the document
(A) Estimates
Register
(B) Monthly
Financial Review
(C) Works
Register
(D) Revenue
Allocation Register
8) The
object of maintaining Revenue Allocation Register is to
(A)
Keep the heads of the departments or divisions
informed of the progress of capital expenditure vis-a-vis spending limits
(B)
Keep the heads of the departments or divisions
informed of the progress of revenue expenditure vis-a-vis spending limits
(C)
Keep the GM informed of the progress of revenue
expenditure vis-a-vis spending limits
(D) Keep the
DRM informed of the progress of revenue expenditure vis-a-vis spending limits
9) Which
of the following statement(s) is / are true?
(A) No
liability can be incurred without budget provision
(B)
No liability can be incurred without
appropriation or fresh allotment, where budget provision is insufficient
(C) Both are
correct
(D) None are
correct
10) Which is
NOT a tool for controlling revenue expenditure
(A) Fixing Spending Limits
(B) Fixing Proportionate Budget Allotments
(C) Watching the progress of expenditure through Revenue Allocation
Registers
(D) Watching the progress of expenditure through Works Registers
11)
Progress works expenditure is watched against
two elements. One is budget outlay. What is the other one?
(A) Last
sanctioned estimate of the work
(B) Variation
to the agreement
(C) Completion
Report
(D) All of
these
12)
Running comparison of works expenditure against
funds allotted as well as estimate of the work is made by review of
(A) Revenue
Allocation Register
(B) Contract
Ledger
(C) Works
Register
(D) Capital
ledger
13) Accounts
officer's monthly review of works expenditure covers the following
(A) Review by Plan heads of grant, source wise
(B) Review by individual works
(C) Both of these
(D) None of these
14) Suspense
grant of railways includes
(A) Stores suspense
(B) Manufacture Suspense
(C) Miscellaneous. Advances (Capital)
(D) All of these
15) Monthly
review of Suspense grant is conducted on
(A) Debits only
(B) Credits only
(C) Both Debits and Credits
(D) None of these
16)
Important Budgetary control tool on cash out go against cash content of budget
allotted is called
(A) Works,
Machinery & Rolling Stock Programme
(B) Financial
Review
(C) Parliamentary
Control
(D) Exchequer
Control
17) Cash
content of budget comprises of
(A) Cash/Cheque payments to staff
(B) Cash/Cheque payments to outsiders like suppliers/ contractors
(C) Both of these
(D) None of these
18)
Budget allotted has two categories of
expenditure. Major portion is Cash. Name the other one
(A) Adjustments
(B) Charged
(C) Capital
(D) EBR
19) Transactions pertaining to Adjustments are
(A) Inter
accounting unit book keeping transactions
(B) Intra
accounting unit book keeping transactions
(C) None of
these
(D) Both of
these
20) Exchequer Control is
(A) imposing
restrictions on drawing limits on the banks
(B) self-imposed
expenditure discipline against budget allotment
(C) self-imposed
expenditure discipline against cash content of budget allotment
(D) None of
these
21)
Cash requirement for the following month and
review of current month requirements simultaneously shall sent to the Railway
Board by 20th of every month in these segments
(A)
Items included in the Budget Revenue (Staff
payments and other payments) & works (Capital and Railway funds)
(B)
Items included in the Non-budget items (Refunds,
Civil grants and Bulk order payments)
(C) None of
these
(D) Both of
these
22) Of the
following, which is NOT an adjustment transaction
(A) Issue of maintenance Stores from a store’s depot
(B) Contract payment to a State Electricity Board
(C) Payment made by a nominated Railway, being accepted by consignee
Railway
(D) Acceptance of a POH debit raised by a workshop for the work done
23) In
accounting classification, how many abstracts are there, corresponding to each
Sub Major head?
(A) 11
(B) 12
(C) 13
(D) 16
24) Abstract
N is used for booking of expenditure of
(A) Revenue Suspense
(B) Retirement benefits
(C) Appropriation to funds
(D) Staff welfare
25) Which
revenue suspense heads are booked to Abstract N
(A) Deposit Miscellaneous. and Cheques &Bills
(B) all Revenue suspense heads
(C) All Capital suspense heads
(D) Miscellaneous Advance (R) and Demands Payable
26) Payments
under NPS are now booked to which Abstract and Sub Head?
(A) L-650
(B) N-130
(C) M-110
(D) None of these
27) Leave
Encashment to railway retirees is booked to which Abstract?
(A) Abstract
J
(B) Abstract
K
(C) Abstract
L
(D) None of
these
28) Leave
Encashment to railway Audit retirees is booked to which Head?
(A) Major Head 3001
(B) L-710
(C) A-110
(D) None of these
29) Leave
encashment to serving railway servants is booked to which Primary Unit?
(A) PU-25 of Abstract L
(B) PU-25 of respective Abstracts
(C) PU-20 of respective Abstracts
(D) PU-2 of Abstract L
30) Abstract
K doesn't cover the expenditure of this department
(A) General
Management
(B) Security
(C) Catering
(D) Compensation
Claims
31) Cost of
Training:
i.
other than Hindi & Medical
ii.
Hindi and
iii.
Medical, Health and Welfare is booked to which
Abstract?
(A) Abstract J
(B) Abstract K
(C) Abstract L
(D) None of these
32) Monthly appropriation to DRF (Minor head 100),
Pension Fund (Minor head 200) and DF (Minor head 300) is booked as per budget
provision to which abstract?
(A) Abstract
J
(B) Abstract
K
(C) Abstract
L
(D) Abstract
M
33)
Non-Practising Allowance to Rly doctors is
booked to which Abstract, Sub-head and PU?
(A) J-220-28
(B) J-240-22
(C) J-210-13
(D) J-230-32
34) Abstract
J covers the expenditure of
(A) Educational Institutions
(B) Medical Services, including Health and Welfare
(C) Residential and welfare buildings: repairs & maintenance
(D) All of these
35) Recovery
of O&M charges from non-govt. railways/SPVs is booked as credit to
(A) Respective Expenditure Abstracts
(B) Abstract X
(C) Abstract Y
(D) Abstract Z
36) Abstract
H is used to book expenditure on
(A) Steam
traction
(B) Diesel
traction
(C) Electric
traction
(D) All of
these
37)
Inter Railway Financial Adjustment charges of
rolling stock are booked to which Abstract and Sub-head?
(A) Abstract
G, 740
(B) Abstract
G, 750
(C) Abstract
H, 950
(D) All of
these
38)
Conference hire and penalty charges on
interchanged traffic are booked to which Abstract and Sub-head?
(A) Abstract
G, 740
(B) Abstract
G, 750
(C) Abstract
H, 950
(D) All of
these
39)
Pay and allowances of train passing and control
office staff are booked to which Abstract and Sub-head?
(A)
Abstract A,910
(B)
Abstract F,210
(C)
Abstract G, 210
(D)
None of these
40)
Pay and allowances of Guards are booked to which
Abstract and Sub-head?
(A) Abstract A,910
(B) Abstract G,510
(C) Abstract F, 210
(D) None of these
41)
Payment of lease charges to IRFC are booked to
which subhead of Abstract G?
(A) 780
(B) 740
(C) 770
(D) 610
42)
Payment of lease charges to EBR-IF, both for
projects and rolling stock are
booked to which subhead of
Abstract G?
(A)
750
(B)
790
(C)
770
(D)
620
43)
Receipts from non-govt railways and other bodies
for traffic expenses are booked to which Subhead of Abstract G?
(A)
990
(B)
930
(C)
920
(D)
910
44) Loco
crew pay and allowances (Minor heads: Steam 100, Diesel 200, Electrical 300,
MEMU/EMU 400) are booked to which Abstract?
(A)
Abstract D
(B)
Abstract E
(C)
Abstract F
(D)
Abstract G
45)
Coach sanitation, Linen management expenditure
is booked to which sub head of Abstract F?
(A)
590
(B)
290
(C)
340
(D)
440
46)
Rail car operating expenses are booked to which
Minor head of Abstract F?
(A)
300
(B) 500
(C) 600
(D)
800
47) Loco
hire charges received from works shops are allocated to which abstract?
(A) Abstract Y
(B) Abstract Z
(C) Abstract G
(D) Abstract F
48) Expenditure
on Fax machines, Video phones and conferencing equipment’s (Sub-head 630) is
booked to which Abstract?
(A) Abstract
B
(B) Abstract
C
(C) Abstract
E
(D) Abstract
F
49)
Maintenance charges of OFC to RailTel is booked
to which Sub head of Abstract E?
(A) 710
(B) 720
(C) 730
(D) 750
50) Expenditure
on staff cars is booked to which Sub head of Abstract E?
(A) 830
(B) 840
(C) 870
(D) 880
51) Wagon
POH charges are booked to which Abstract under Sub head 330?
(A) Abstract D
(B) Abstract E
(C) Abstract A
(D) Abstract B
52)
Running repairs to AC
Electric locos (subhead 510) is booked to which Abstract?
(A) Abstract D
(B) Abstract E
(C) Abstract A
(D) Abstract C
53)
Repairs to Permanent Way due to breaches (Sub
head 710) is booked to which Abstract?
(A) Abstract
D
(B) Abstract
E
(C) Abstract
B
(D) Abstract
C
54) Salary
of Gatekeepers (Sub head 210) is booked to which Abstract?
(A) Abstract D
(B) Abstract G
(C) Abstract B
(D) Abstract C
55)
Pay & allowances of PFA office Accounts
Officers and Staff are booked to which Minor head and Sub head of Abstract A?
(A)
200;210
(B)
100;110
(C)
400;410
(D)
300;310
56)
How many abstracts are there for classifying
traffic earnings?
(A) 2
(B) 3
(C) 4
(D) 5
57)
Expenditure under revenue Primary Units 1 to 16
are generally called as
(A) Contingent expenditure
(B) Staff expenditure
(C) Contractual obligations
(D) Stores expenditure
58)
Reimbursement of medical expenses are now booked
to which revenue Primary
(A)
99
(B)
98
(C)
26
(D)
28
59)
Which type of revenue exp is booked to PU 29?
(A) Children Education Allowance
(B) Leave encashment
(C) Payments to reengaged staff, officers and
consultants
(D) Cost of material directly purchased
60)
Fuel issued to foreign loco
is booked to which PU, while accepting the debit by it
under Abstract H?
(A)
PU 27
(B)
PU 28
(C)
PU 33
(D)
PU 60
61)
Electrical energy bill, traction as well as
non-traction is now booked to which PU?
(A)
PU 30
(B)
PU 28
(C)
PU 33
(D)
PU 32
62)
Fuel issued for output of track machines is
booked to which PU, in SMH 5?
(A) PU 30
(B) PU 31
(C) PU 33
(D) PU 32
63)
Expenditure on furnace oil used for maintenance
of plant and equipment is booked to
(A)
PU 27
(B)
PU 28
(C)
PU 33
(D)
PU99
64)
Under PU 53, which type of revenue expenditure
is booked?
(A) Cost of computer hardware
(B) Expenditure on Laptop purchased by officers
(C) All India Leave Travel Concession
(D) Interest on delayed deposit of NPS
contributions
65)
Loco performance (GTKM debits/credits) are
booked to which PU?
(A) PU 33
(B) PU 61
(C) PU 27
(D) None of these
66)
GST PUs are
(A)
PU 72 to 75
(B)
PU42 to 44
(C)
All of these
(D)
None of these
67)
How many modules are there in complete Revenue
expenditure allocation?
(A) Abstract, Detailed head
(B) Abstract, Detailed head, PU
(C) Detailed head and PU
(D) Abstract and PU
68)
Revenue allocation to fee payable to legal
counsel is
(A)
A-0164-99
(B)
A-0790-99
(C)
F-0151-99
(D)
C-0594-99
69)
Payment of KMA to Diesel loco pilots is
allocable to
(A) 08-0312-10
(B) 08-0412-10
(C) 08-0212-10
(D) 08-0414-10
70)
Accounting classification for works has how many
numerical modules of 2-digits each?
(A)
4
(B)
5
(C)
6
(D)
7
71)
Pick correct order in Accounting classification
for works
(A) Source/subhead/plan head/primary unit
(B) Plan head/source/subhead/primary unit
(C) Plan head/subhead/source/primary unit
(D) Source/plan head/subhead/primary unit
72)
Plan head 1100 is for
(A)
New lines (Construction)
(B)
New lines (RVNL)
(C)
New lines
(D)
None of these
73)
Plan Head 4200 denotes
(A) Staff quarters
(B) Staff Amenities
(C) Staff welfare
(D) Passenger Amenities
74)
Primary Unit in Accounting Classification
indicates
(A) Activity of expenditure
(B) Object of expenditure
(C) None of these
(D) Both
75)
Source code for a. RRSK and b. EBR-IF
(A)
29 and 84
(B)
84 and 29
(C)
26 and 28
(D)
21 and 23
76) Detailed
head for a construction of a workshop building for construction of mechanical
Workshop and b. plant & equipment for mechanical equipment
(A)
4275 and 4263
(B)
4263 and 4275
(C)
1163 and 1175
(D)
1175 and 1163
77)
Training/HRD plan head is
(A)
36
(B) 51
(C) 53
(D)
None of these
78)
Subhead for Stock Adjustment Account is
(A)
7210
(B) 7110
(C) 7180
(D)
7160
79)
Subhead 7210 indicates which activity in Capital
suspense
(A)
Stores
(B) Workshop
(C) M&P
(D)
Workshop Manufacture Suspense
80) Subhead
for Miscellaneous Advance under Inventories is
(A) 7210
(B) 7310
(C) 7110
(D) 4110
81)
In works expenditure Pay
& Allowances of staff is booked to which Primary Unit?
(A) 1
(B) 4
(C) 5
(D) 7
82) In works
expenditure Primary Unit 7 is used for
(A) Central
GST
(B) Stores
supplied from Stock
(C) Productivity
linked bonus
(D) Credit
for released material
83) Journalise RRB receipts
(A)
Remittance into Bank Dr; Abstract X Cr
(B)
Remittance into Bank Dr; Major head 1001-
Miscellaneous. receipts Cr
(C)
Remittance into Bank Dr; Abstract Y Cr
(D)
Remittance into Bank Dr; Abstract Z Cr
84) Journalise siding charges received by X
division
(A)
Cheques& Bills Dr; Transfer Divisional
(Traffic Accounts) Cr
(B)
Remittance into Bank Dr; Transfer Divisional
(Hqrs) Cr
(C)
Remittance into Bank Dr; Transfer Divisional
(Traffic Accounts) Cr
(D)
Remittance into Bank Dr; Major head 1001-
Miscellaneous. receipts Cr
85)
Journalise receipt of PF amount from X division
to Y division, in the books of Y
(A) PF Suspense head Dr; Transfer Division X (-)
Cr
(B) PF Suspense head Dr; Transfer Division X Cr
(C) Transfer Division X Dr; PF Suspense head Cr
(D) Transfer Division X (-) Cr; PF Suspense head
Cr
86)
Journalise transfer of PF
amount from X division to Y division, in the books of X
(A) PF Suspense head Dr; Transfer Division Y Cr
(B) PF Suspense head (-) Cr; Transfer Division Y
Cr
(C) Transfer Division Y Dr; PF Suspense head Cr
(D) Transfer Division Y (-) Cr; PF Suspense head
Dr
87)
Allocate passing of a pay order for the amount
of Personal Computer advance sanctioned
(A)
Motor car Suspense head Dr; Cheques & Bills
Cr
(B)
Motor car Suspense head Dr; Remittance into Bank
Cr
(C)
Remittance into Bank Dr; Motor car Suspense head
(-)Dr;
(D)
Remittance into Bank Dr; Motor car Suspense head
Cr
88) Allocate receipt of EMD
A)
Deposit Miscellaneous Suspense head Cr; Cheques
& bills Cr;
B)
Deposit Miscellaneous Suspense head (-)Cr;
Remittance into Bank Cr;
C)
Remittance into Bank Dr; Deposit Miscellaneous
Suspense head Cr
D)
None of these
89)
Allocate recoupment of an Imprest bill received
in Accounts office for passing
from executive
(A)
Imprest Suspense head Dr; Cheques & Bills Cr
(B)
Imprest Suspense head Dr; Relevant revenue head
Cr
(C)
Relevant revenue head Dr; Imprest Suspense head
Cr;
(D)
Relevant revenue head Dr; Cheques & Bills
Cr;
90)
For accounting the salary payable in March to
staff in the same month (which actually paid in April of next year), which
suspense head is operated?
(A)
Traffic Account
(B)
Demands Recoverable
(C)
Demands Payable
(D)
None of these
(A)
WMS Dr; Transfer Division X Cr
(B)
Transfer Division X Dr; WMS Cr
(C)
Stores Suspense Dr; WMS Cr
(D)
None of these
92)
Allocate the stores received in a depot from
supplier for which payment is due
(A) 20-7161-05 Dr; Purchase Suspense Cr
(B) 20-7161-05 Dr; Stores in Transit Suspense Cr
(C) 20-7161-05 Cr; Sales Suspense Dr
(D) None of these
93)
What is the Journal entry for the Coaching
Earnings -other than passengers (other coaching earnings)
(A)
Traffic Account Dr; Abstract Z Cr
(B)
Traffic Account Dr; Abstract Y Cr
(C)
Traffic Account Dr; Abstract X Cr
(D)
Abstract X Dr; Traffic Account Cr
94)
Carriage/Coach deposit amount remained unclaimed
for more than 3 years, the same is transferred to earnings. Write the journal
entry
(A)
Deposit Miscellaneous (TA) Dr; Abstract Y Cr
(B)
Deposit Miscellaneous (TA) Dr; Abstract X Cr
(C)
Deposit Miscellaneous (TA) Dr; Abstract Z Cr
(D)
None of these
95) Upon
receipt of clearance report from RBI, what JV entry is passed for clearing
Remittance into Bank?
(A)
Deposit with Reserve Bank Dr; Remittance into
Bank (-) Dr
(B)
Remittance into Bank Dr; Deposit with Reserve
Bank Cr;
(C)
Deposit with Reserve Bank Dr; Cheques &
Bills Cr
(D)
None of these
96)
Upon receipt of encashed cheques clearance
report from RBI, what JV entry is made for clearing Cheques & Bills?
(A)
Deposit with Reserve Bank Dr; Remittance into
Bank Cr
(B)
Deposit with Reserve Bank Dr; Cheques &
Bills Cr
(C)
Cheques & Bills(-) Cr; Deposit with Reserve
Bank Cr
(D)
None of these
97)
After drawl of completion report, project cost
should be transferred by CORE to Zonal Railway by means of
(A)
issue of a transfer certificate and preparation
of JV
(B)
Transfer Without Financial Adjustment
(C)
No such transfer is needed, as the project is
executed by CORE against budget provision
(D)
Asset Register
98)
Transfer Without Financial Adjustment is done by
(A)
preparing JV
(B) by altering
balances in the ledger
(C) Both of
these
(D)
None of these
99)
Journalise GTKM debit from X railway to Y
railway
(A) Transfer Railways Y Dr; Abstract H (-) Dr
(B) Abstract H Dr; Transfer Railways X Cr
(C) Both carried out in transferor Rly -X and transferee
Rly-Y
(D) None of these
100)
Transactions settled between railways and other
Govt Depts are known as
(A)
Transfer transactions
(B)
Remittance transactions
(C)
Both of these
(D)
None of these
101)
Transactions settled between two separate
accounting units of Railways are called
(A)
Transfer transactions
(B)
Remittance transactions
(C)
Both of these
(D)
None of these
102)
Find the odd one
(A)
Reserve Bank Deposits
(B)
Reserve Bank Suspense
(C)
PAO suspense
(D)
Miscellaneous Advances Revenue
103)
Find the odd one
(A)
Miscellaneous Advances Revenue
(B)
Miscellaneous Advance Capital
(C)
Demands Payable
(D)
Demands Recoverable
104)
Find the odd one
(A)
Purchases
(B) Sales
(C) Stores
in Transit
(D)
Cash in Transit
105)
Find odd one
(A)
House Building Advance
(B)
Personal Computer advance
(C)
Motor car advance
(D)
Deposit Miscellaneous
106)
Clearance of cheques lying in Cheques &
Bills for more than a year in Construction accounts is shown as
(A)
Cheques & Bills (-) Cr; 20-1198 Cr
(B)
Cheques & Bills (-) Cr; Abstract Z 650 Cr
(C)
Remittance into Bank Dr; Cheques & Bills Cr
(D)
None of these
107)
Bill raised for Interest and Maintenance charges
from a siding owner and cheque received will be journalized as
(A)
Demands Recoverable Dr; Cheques & Bills Cr
(B)
Demands Recoverable Dr; Abstract Z Cr
(C)
Remittance into bank Dr; Demands Recoverable Cr
(D)
Both B&C
108) Forfeiture of Security Deposit will be
journalized as
(A)
Deposit Miscellaneous SD (-)Cr; Abstract Z Cr
(B)
Deposit Miscellaneous SD Dr; Abstract Z Cr
(C)
Both of these
(D)
None of these
109) Journalise: Amount realised in sale of
trees by Sr. DEN
(A)
Remittance into bank Dr; 20-1198 Cr
(B)
Remittance into Bank Dr; Abstract B Cr
(C)
Remittance into Bank Dr; Abstract Z Cr
(D)
None of these
110)
Journalise: cheque received back for
cancellation and no further payment is due
(A)
Cheques & Bills Dr; Revenue Abstract Cr
(B)
Cheques & Bills (-)Cr; Revenue Abstract Cr
(C)
Cheques & Bills (-)Cr; Revenue Abstract Cr
(D)
None of these
111)
Indian Railways is a
(A)
Government owned organisation
(B)
Departmental commercial enterprise
(C)
Both are correct
(D)
None of these is correct
112)
Capital and Revenue Accounts are prepared for review
of railways as a
(A)
Government department
(B)
Commercial undertaking
(C)
Both of these
(D)
None of these
113)
Capital transactions on IR mainly pertain to
(A)
Earnings
(B)
Earnings and working expenses
(C)
Acquisition, replacement or renewal of assets
(D)
None of these
114)
Works financed from Development fund are
(A)
passenger and staff amenities
(B)
Unremunerative projects and safety
(C)
Both are correct
(D)
Both are incorrect
115) Expenditure on renewals and replacements is
financed from
(A)
DRF
(B)
DF
(C)
Capital
(D)
Revenue
116)
Where do you find the overall picture of capital
nature of expenditure incurred on IR
(A)
Asset Register
(B)
Block Account
(C)
Capital Account
(D)
None of these
117)
Accounts maintained in accordance with
Government Accounting requirements are called
(A)
Capital Account
(B)
Block Account
(C)
Capital and Revenue Accounts
(D)
Finance Accounts
118)
As per Article 266 of the Indian Constitution,
all revenues of the Government flow into
(A)
Public Account of India
(B)
Contingency Fund of India
(C)
Consolidated Fund of India
(D)
All of these
119)
All public moneys received for and on behalf of
Government are credited to
(A)
Public Account of India
(B)
Contingency Fund of India
(C)
Consolidated Fund of India
(D)
All of these
120)
For meeting unforeseen expenditure, pending
authorization from Parliament, this fund is kept at the disposal of President
of India
(A)
Public Account of India
(B)
Contingency Fund of India
(C)
Consolidated Fund of India
(D)
All of these
121)
Name the account under which IR transactions
related to the Consolidated Fund, the Contingency Fund and the Public Account
are accounted in the books of RBI
(A)
Railway Fund
(B)
Railway Safety Fund
(C)
Special Railway Safety Fund
(D)
None of these
122)
Government accounts are kept in how many parts?
(A)
2
(B)
3
(C)
4
(D)
5
123) In Consolidated Fund of India accounts are
kept in division (s)..
(A)
Revenue
(B)
Capital
(C)
Debt
(D)
All of these
124) Public Account of India is maintained in
division(s)…
(A)
Debt
(B)
Debt and Deposits; Remittances
(C)
Remittances
(D)
Debt and Deposits
125)
To denote an activity, Divisions of each Part in
Government accounting are grouped into
(A)
Sections and further divided into Major Heads
(B)
Major heads are divided into Sub-Major heads
(C)
Sub-Major heads into Minor heads, Sub heads and
Detailed heads
(D)
All of these
126)
Revenue and Capital transactions of the Railways
are bifurcated into
(A)
Commercial
(B)
Strategic
(C)
Government
(D)
Both A&B
127)
Any overpayment made under Revenue in previous
years (except in case of ongoing works) upon recovery is allocated to
(A)
Revenue head as minus debit
(B)
Capital head 1198
(C)
Abstract Z
(D)
None of these
128)
Primary responsibility for allocation of
receipts and payments rests with
(A)
Accounts dept
(B)
Executive depts
(C)
both
(D)
None
129)
In works, any change in the classification of
expenditure will be effective from
(A)
the date of issue of letter
(B)
Beginning of the next financial year, duly
obtaining budget provision for entire expenditure
(C)
Change should only be for the expenditure
incurred after issue of letter
(D)
None of these
130)
Find the odd one: Link heads maintained in the
commercial accounts of Railway and Government Accounts
(A)
Demands Payable
(B)
Labour
(C)
Stores in Transit
(D)
Traffic Account
131)
Government accounts are maintained on ___basis
while Railway accounts are maintained on ____basis
(A)
Cash; Accrual
(B)
Accrual; Cash
(C)
Cash; Cash
(D)
Accrual; Accrual
132) The suspense head Traffic Accounts always
has balance and represents
____earnings
(A)
Credit; gross
(B)
Credit; unrealised
(C)
Debit; unrealised
(D)
None of these
133)
Labour and Demands Payable suspense heads have a
___balance on expenditure side and represent liability at the end of the month
(A)
Debit; undischarged
(B)
Credit; undischarged
(C)
Credit; Total liability
(D)
Debit; Total assets
134)
Payment made to Departmental Officer for local
purchase, pending rendering of accounts is allocated to which suspense head?
(A)
Deposit Miscellaneous
(B)
Cheques & Bills
(C)
Remittance into Bank
(D)
Miscellaneous Advance (Rev)
135)
Miscellaneous advances (Rev) will have
-----balance; while Deposit Miscellaneous will have -----balance
(A)
Credit; Credit
(B)
Debit; Debit
(C)
Debit; Credit
(D)
Credit; Debit
136) Debits to Deposit Miscellaneous will
represent
(A)
Refunds of previous credits
(B)
written off amounts
(C)
Both of these
(D)
None of these
137) Closed Provident Fund accounts are credited
to
(A)
Abstract Z
(B)
Deposit Miscellaneous (PF)
(C)
Deposit-Unpaid Wages
(D)
None of these
138) Balance under 'Cash' in L-Suspense and
Miscellaneous represents:
(A)
Cash held by Cashier for depositing in the bank
(B)
Cash imprests held by Rly officers
(C)
Both of these
(D)
None of these
139) All capital transactions, except suspense heads, are closed to
(A)
Capital Account
(B)
Capital Outlay
(C)
Balance
(D)
None of these
140) All revenue transactions, except suspense heads are closed to
(A)
Net Revenue
(B)
Capital Outlay
(C)
Balance
(D)
None of these
141) All Suspense heads, with exception to 'Transfer Railways', are
closed to
(A)
Net Revenue
(B)
Capital Outlay
(C)
Balance
(D)
None of these
142) The Suspense Head 'Transfer Railways' is
closed to this head on Zonal Railways
(A)
Net Revenue
(B)
Capital Outlay
(C)
Balance
(D)
Miscellaneous Government Account
143) Transactions under 'Deposits with Reserve Bank (Rlys)' is closed to
(A)
Net Revenue
(B)
Miscellaneous Government Account
(C)
Balance
(D)
Capital Outlay
144) Credits to DRF are
(A)
Appropriation from Revenue
(B)
Replacement / Renewal of assets
(C)
Interest accrued on fund balances and loans
(D)
A&C
145) Credits to DF are
(A)
Appropriation from Revenue surplus
(B)
Interest accrued on fund balances and loans
(C)
A&B
(D)
A only
146) Credits to Pension fund are
(A)
Appropriation from Revenue/Capital
(B)
Interest accrued on fund balances
(C)
Transferred amounts from contributory PF
(D)
All of these
147) Demands Payable is budgeted for
(A)
Both debits and credits
(B)
Only debits
(C)
Only credits
(D)
Net (credits) only
148) With respect to Demands Recoverable find
the odd one
A)
Rent received on buildings
B)
Electricity and water charges received from
service provided to outsiders
C)
Interest and Maintenance &M charges from
sidings
D)
None of these
149)
Choose the correct statement(s)
a)
Traffic account is operated for watching the
realization of earnings originated at stations
b)
Demands recoverable is operated for watching the
realization of bills raised on Divisions
c)
MAR is operated for keeping the amounts remitted
by the outsiders
d)
Difference between book balance and physical
balance of stores is reflected
A)
All are correct
B)
a, b, c are correct
C)
a, b, d are correct
D)
a, c, d are correct
150)
Detailed account of an accounts circle for both
receipts and payments under prescribed Government accounts is called
A)
Capital Account
B)
Revenue Account
C)
Block Account
D)
Accounts Current
151)
General books comprises of
A)
Register of earnings
B)
Register of works
C)
Deposit Miscellaneous register
D)
None of these
152)
General books: Find odd one
A)
Revenue Allocation Register
B)
Daily & Monthly abstract of cash
transactions
C)
Journal
D)
Ledger
153)
Subsidiary books: Find odd one
A)
Revenue Allocation Register
B)
Works register
C)
Journal
D)
Earnings register
154)
Journal: Find odd one
A)
Traffic check sheet for station remittances
B)
Rectification of mistakes/misclassifications
C)
Remittance transactions
D)
Transfer transactions
155) Ledger: Choose the correct statement(s)
(A)
To end of a month progressive balances of
receipts and payments are recorded
(B)
Postings are made from Capital and Revenue
Journals
(C)
It is maintained in 3 Parts
(D)
No cash transactions are recorded
156) Which of the following statements is not correct?
(A)
General books suit the principles of Govt
accounting
(B)
Schedules accompanying Accounts Current suit to
commercial accounting
(C)
Cash book is an example for Subsidiary cook
(D)
None of these
157) Purchase suspense, other than in case of advance payment, will have
(A)
Credit first
(B)
Debit first
(C)
Auction sales
(D)
Depot transfers
158) Which of the following statements is true?
(A)
Monthly Cash abstract totals and Journal totals
are taken separately to ledger
(B)
Totals in monthly abstract of Cash book are
added up to Journal, before posting monthly transactions in the ledger
(C)
Only totals in monthly abstract of Cash book are
taken to ledger
(D)
None of these
159) The figures shown in the Monthly Accounts Current are
(A)
Gross
(B)
Credits
(C)
Net
(D)
All of these
160)
Earnings-Accounts Current Vs Schedules: Which of
the following statement(s) is /are true?
(A)
Accounts Current will show only realized
earnings net
(B)
Schedules will show accrued
earnings duly classified and also Traffic suspense
(C)
Both are incorrect
(D)
Both A&B are correct
161)
Working Expenses-Revenue Accounts Current Vs
Schedules: Which of the following statement(s) is /are true?
(A)
Accounts Current will show all revenue
expenditure net
(B)
Schedules will show revenue duly classified
abstract wise and also X-suspense
(C)
Both A&B are correct
(D)
Both are incorrect
162) Accounts Current: Which of the following statement(s) is / are
true?
(A)
Accounts Current figures are incorporated in
Ways & Means position of Union Govt.
(B)
Schedules are useful for MIS
(C)
Both are incorrect
(D)
Both A&B are correct
(A)
Debt head report
(B)
Half-yearly review of suspense balances
(C)
Half-yearly arrear report
(D)
Outturn Statement
164) Which of the following is not shown in the
Debt head report?
(A)
F Loans & Advances
(B)
L Retirement benefits
(C)
I Small Savings
(D)
J Reserve Funds
165)
Which of the following is true?: Balance under
Transfer Railways/ Transfer Division, if any
(A)
Should be brought to 'nil', by end of the year
(B)
Vitiates the Budgetary and
Expenditure control, being unadjusted transactions
(C)
A&B are correct
(D)
None of these
166)
Which of the following is not settled through
RBI in case of transactions between Railways and other Government Departments?
(A)
Defense and Postal
(B)
DGS&D supplies
(C)
Cash Payments
(D)
Income tax recoveries made from staff and
outsiders
167)
Which of the following statements is/are true:
By end of Financial Year, balance under Reserve Bank Suspense
(A)
Should be made 'nil'
(B)
Debit balance is transferred to MA-R
(C)
Credit balance is transferred to Deposit
Miscellaneous
(D)
All of these are correct
168)
Transactions pertaining to Defense & Postal
originated in Railways are adjusted by operating a suspense head called
(A)
PAO/AG suspense
(B)
M-Remittances
(C)
Reserve Bank Deposit
(D)
Cheques & Bills
169)
Accounting heads operated temporarily for
specific purposes before booking to final heads are called
(A)
Suspense heads or Transient heads
(B)
Civil heads
(C)
Commercial lines
(D)
Debt heads
170)
Find the odd one: Inventory suspense heads
(A)
Stores in stock
(B)
WMS
(C)
MA-R
(D)
MA-C
(A)
PAO suspense
(B)
Traffic Account
(C)
Labour
(D)
Demands Payable
172) Find the odd one
(A)
Hardcore/Inefficient
(B)
Irregular
(C)
Beyond permissible period
(D)
ABC Analysis
173) Find the odd one
(A)
MA-R
(B)
Traffic Account
(C)
Deposit Miscellaneous
(D)
WMS
(others have Debit balance)
174) All cash receipts and payments are posted in
(A)
Cashier's Cash Book of Cash Office
(B)
General Cash Book of Books section
(C)
only B is correct
(D)
A & B are correct
175) Traffic
receipts: keep in the order of occurrence-
a) Posting
on the Receipts side of Cashier's cash book
b) Posting
in Traffic Check sheet
c) Preparation
of CR/TR note and MCRs
d)
Posting in the General Cash
Book & AO sign as a token of reconciliation daily
on Cashier's cash Book
(A)
a, b, c, d
(B)
c, a, b, d
(C)
a, d, c, b
(D)
None of these
176) Payments:
Find the odd one
a)CO7 preparation and CO7-wise posting in
General Cash Book
b)Posting of bills received on payment
side of Cashier's Cash book
c) Preparation
of Cheques
d) D.AO's
daily verification of Cashier's cash book
A)
c, b, d, a
B)
a, b, c, d
C)
d, c, b, a
D)
a, c, b, d
177) Cash in Transit is
(A)
The cash taken by station in the balance sheet
is accounted by cash office in the following month
(B)
The cash accounted by station in a month
(C)
The cash accounted by cash office in a month
(D)
None of these
178)
The check exercised by railway accounts office on
financial transactions is called
(A)
Post check
(B)
Precheck
(C)
Internal Check
(D)
Internal Audit
179)
Independent appraisal function of review of
selected activities by Accounts team is called
(A)
Post check
(B)
Precheck
(C)
Internal Check
(D)
Internal Audit
180)
Name the supreme statutory Audit Organisation in
India
(A)
C&AG
(B)
CGA
(C)
CVC
(D)
None of these
181)
What is not within the 3-fold purpose of Railway
Audit?
(A)
Accountancy audit
(B)
Internal audit
(C)
Appropriation audit
(D)
Administrative audit
182)
Time limit to furnish reply by Zonal railway for
Draft Paras is
(A)
1 month
(B)
8 weeks
(C)
6 weeks
(D)
4 weeks
183)
Time limit allowed to Zonal railway for
furnishing reply to Provisional Para is
(A)
2 weeks
(B)
8 weeks
(C)
6 weeks
(D)
4 weeks
184)
Audit objections raised on Accounts as a result
of voucher check are called
(A)
Audit Inspection Report
(B)
Special letter
(C)
Audit note
(D)
None of these
185)
Set the order of occurrence:
i.
Provisional Para
ii.
Draft Para
iii.
ATN
iv.
Audit Para
(B)
b, d, a, c
(C)
d, c, b, a
(D)
a, b, c, d
(E)
b, a, d, c
186) What is not part of Social Service Obligations borne by Railways?
(A)
Pension paid to railway retirees
(B)
Passenger and other coaching services rendered
below the cost of operation
(C)
Uneconomic branch lines
(D)
Carriage of essential commodities at below the
cost of operation
187) Choose incorrect statement
(A)
Waival is giving up a claim before entering into
General books of railways
(B)
Write off is removing
irrecoverable transactions from financial books of railways
(C)
Commercial accounts are kept on cash basis
(D)
Railways no longer pay dividend to general
Revenues as Capital at charge stands wiped out due to merger of Railway Budget
with General Budget
Answer key
|
1B |
2A |
3B |
4D |
5B |
6A |
7D |
8B |
9C |
10D |
11A |
12C |
|
13C |
14D |
15C |
16D |
17C |
18A |
19D |
20C |
21D |
22B |
23C |
24A |
|
25D |
26A |
27C |
28B |
|
|
|
|
|
|
|
|
29C (PU25 is for Children Education Allowance)
30A (Abstract A covers the General management exp)
|
31B |
32D |
|
|
|
|
|
|
33C (PU13 is for other allowances) |
|
|||||
|
34D |
35A |
36D |
37B |
38A |
39C |
40B |
|
43D |
44C |
45A |
46D |
47D |
48C |
49B |
50C |
51B |
52D |
53C |
54B |
|
55A |
|
|
|
|
|
|
|
|
|
|
|
|
56B (Abstracts X,Y & Z) |
|
|
|
|
|
|
|
|
|||
|
57B |
58C |
59C |
60D |
61A |
62B |
63D |
64C |
65B |
66A |
67B |
68A |
69C (312 electric loco pilots; 412 EMU loco pilots; 414 MEMU loco
pilots)
|
70A |
71D |
72C |
73A |
74A |
75A |
76B |
|
|
|
|
|
|
77D (65 is for Training/HRD) |
|
|
|
|
|
|
|
||||
|
78C |
79D |
80B |
81A |
82D |
83B |
84C |
85D |
86B |
87A |
88C |
89D |
|
90C |
91B |
92A |
93C |
94B |
95A |
96C |
97B |
98B |
99C |
100B |
101A |
|
102D |
103B |
104D |
|
|
|
|
|
|
|
|
|
105D (all others are Debt heads Loans & Advances)
106A 107D 108A 109C 110B 111C 112B 113C 114C 115A 116B 117D
118C 119A 120B 121A
Public Account of India)
123D 124B 125D 126D 127C 128B 129B 130C 131A 132C 133B 134D
135C 136C 137B 138C 139B 140A 141C 142D 143B 144D 145C 146D
147D 148B 149C 150D 151D 152A 153C 154A 155D 156C 157A 158B
159C 160D 161C 162D 163A 164B 165C 166C 167D 168B 169A 170C
171A
172D (Categorisation of suspense balances)
173C (others have Debit balance)
174D 175B 176D177A 178C 179D 180A 181B 182C 183A 184C 185D
186A 187C
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