Stores accounts
1) In Store
bills, Advance payments can be made upto
(A) 50%
(B) 75%
(C) 95%
(D) 98%
2) RO Bills
section deals with:
(A) Balance
payment after confirming receipt of material
(B) Payment
of 100% bill
(C) Both a
and b
(D) None of
the above
3) Stock
verification by accounts refers to
(A)
Verification of physical stock vis -a -vis book
balance done by executive department
(B)
Verification of physical stock vis -a -vis book
balance done by Accounts department Stock Verifiers
(C)
Verification of physical
stock vis -a -vis book balance done by Stores department
(D) Either a
or b
(E) Either b
or c
4) During
stock verification, a Stock Verifier issues a stock sheet
(A) When he finds shortages
(B) When he finds excesses
(C) Either of the above
5)
A report by an ISA/ ASV detailing procedural
irregularities in the maintenance of stock is called a
(A) Narrative
Report
(B) Stock
sheet
(C) Stock
Verification report
(D) Stock
Inspection Report
6) A
shortage found during Stock Verification is
(A) Written off as a loss
(B) Recovered from the Stockholder
(C) Is passed on to the next incumbent if the current stockholder is
promoted
(D) None of
the above
7) Balance
Sale Value is a term in Auction that refers to
(A) Balance
payment to be made after winning the bid
(B) Balance
payment that has to be made within 40 days of the bid
(C) Both the
above
(D) None of
the above
8) Reverse
Auction is a term used to mean
(A) Bids placed by purchaser of Railway scrap
(B) Bids placed by Railway during purchase in IREPS
(C) Bids of Railway suppliers during purchase of materials in IREPS
(D) None of the above
9) E-auction
happens when Railway sells scrap; Reverse Auction happens
(A) When Railway counters purchaser’s bid
(B) When Suppliers bid to become L1
(C) When Railway counters suppliers bids
(D) None of the above
10) When
does Railways use a 2 packet system for purchases?
(A) When the
purchase value is more than 50 lakhs
(B) When the
item is being purchased for the first time
(C) When
there is a global tender
(D) None of
the above
11) A two packet system of purchase ensures that
(A) The
tender committee is not influenced only by the price bid
(B)
The technical qualifications of the tenderers is
the primary criteria for selection of tenders
(C) Both of
the above
(D) None of
the above
12) A two packet system of tendering means
(A) There
are two stages of evaluation , technical and financial
(B) The
tenderer submits only technical bid at first
(C) The
technical bid is evaluated first
(D) a and b
(E) a and c
13) When
material enters Stock, the accounting entry is
(A) Stock Debit,Cheques and Bills Credit
(B) Stock Debit, Bank Credit
(C) Cheques and Bills Debit, Stock Credit
(D) Stock Debit, Purchase Suspense Credit
14) PH 71
contains
(A) Only
Stock Suspense
(B) Only
Purchase Grant
(C) WMS
(D) All
Stock, including Suspenses
15) PH 72
contains
(A) Stock Suspense
(B) WGR
(C) WMS
(D) None of the above
16) Purchase
of HSD oil (Basic Price) is provided for under
(A) Demand 10
(B) PH 71
(C) Both
(D) Neither
(A) Fuel Suspense (PH 71) and Demand 10 respectively
(B) Demand 10 and Fuel Suspense respectively
(C) To Fuel Suspense only
(D) To Demand 10 only
18) In Fuel
Accounting, a zonal Railway receives
(A) Debits
for its locos fuelled in other Railways
(B) Credits
for miles earned by its locos
(C) Both
(D) Neither
a or b
19) Debit
balance in Purchase Suspense indicates
(A) Material received but bills not paid
(B) Bills paid but material not received
(C) Either a or b
(D) Neither a or b
20) Credit
balance in purchase Suspense indicates
(A) Material received but bills not paid
(B) Bills paid but material not received
(C) Either a or b
(D) Neither a or b
21) Sales
Suspense is credited when
(A) Purchaser
deposits money
(B) When
scrap material is delivered to supplier
(C) When
material is scrapped
(D) Both a
and b
22) Stores budget is a ‘derived’ budget because
(A) Stores department
does not have its own budget
(B) Stores
department budgets for all other departments
(C)
All revenue and workshop stock items
requirements are compiled in Stores budget
(D) All of
the above
23) In
Stores budget, ‘ Issues to Revenue ‘ is linked with
(A) PU 27 of Demand 10
(B) PU 27 of all demands
(C) PU 27 of Demands 5,6,and 7
24) In WMS
Budget, ‘Issues to Stores’ means
(A) Material
manufactured by workshop to be stocked in depot
(B) Material
returned by shop floor as it is excess
(C) Material
got from other depots in cases of shortage
25) For
purchases made through GeM, billing is done
(A) On GeM portal itself
(B) On GeM portal and linked to IPAS
(C) On IPAS which gets receipt details from IREPS
26) Force
Majeure Clause, in certain ‘Acts of God’ situations, allows parties to
(A) Defer performance of their contractual obligations
(B) End the contract without financial repercussions on either side
(C) Both
(D) Neither
27) To deal
with Suspenses in Stores, which software would you go to?
(A) IMMS
(B) IPAS
(C) E-Recon
(D) IREPS
28) Stores
Tendering is done on
(A) IREPS
(B) IMMS
(C) Both the above
(D) IPAS
29) EMD
exemption is given to the following categories of tenderers:
(A) MSMEs registered with DIC
(B) MSMEs registered with NSIC
(C) RDSO approved firms
(D) All of the above
(E) A and b
30) Make in
India Policy stipulates that complete purchase shall be made only from
local firms
(A) If
tender value is less than 50 lakhs
(B) If
tender value is more than 50 lakhs
(C) If
tender value is less than 25 lakhs
(D) If
tender value is more than 25 lakhs
31) Purchase
preference available to tenderers with Make in India certification is
(A) 25%
(B) 28%
(C) 45%
(D) 50%
32) If a
tenderer who is L2 has Make in India certification,
(A) He is
awarded 50% quantity if he matches the price of L1.
(B) He is
awarded 50% quantity at his own rate
(C) He is
awarded 100% quantity if he matches the price of L1.
(D) He is
awarded 100% quantity at his own rate
33) Purchase
preference to tenderers who have MSME certification is
(A) 20%
(B) 25%
(C) 30%
(D) 50%
34)
Maximum amount of EMD to be taken from a
tenderer irrespective of value of tender is
(A)
Rs. 10 lakhs
(B)
Rs. 30 lakhs
(C)
Rs. 35 lakhs
(D)
Rs. 50 lakhs
35)
Security Deposit is to be deposited in which of the
following forms?
(A) Cheque
(B) Demand Draft
(C) Deducted from his first bill
(D) a and b
(E) b and c
36)
Performance Bank Guarantee can be returned to
the supplier
(A)
On passing the final bill
(B)
On certification of satisfactory work completion
by the consignee
(C)
Neither
(D)
Either
37)
Option Clause in Stores contracts enables
Railway to place an order of 30% above or below the PO quantity
(A)
Railway can enforce this quantity
(B)
Supplier can request this additional quantity
(C)
Railway has to take supplier’s consent
(D)
A separate negotiation has to be done for this
quantity
38)
Option Clause in Stores contracts enables
Railway to place an order of ---% above or below the PO quantity
(A)
25%
(B)
30%
(C)
35%
(D)
40%
39)
Direct Acceptance of tenders means
(A)
Stores Officer can place order on the firm
without tender
(B)
Stores Officer can place order on the firm
without Tender Committee
(C)
Stores Officer can place order on the firm on
quotation basis
(D)
Stores Officer can place order on the firm with
finance concurrence
40)
Option Clause is applicable on Stores tenders of
value
(A)
More than 50 lakhs
(B) Less
than 50 lakhs
(C) More
than 75 lakhs
(D)
Less than 25 lakhs
41)
Reverse Auction is compulsory in tenders of
value
(A)
More than 50 lakhs
(B)
Less than 50 lakhs
(C)
More than 25 lakhs
(D)
Less than 25 lakhs
42) Two
packet system is compulsory in Stores tenders of value
(A) More than 50 lakhs
(B) Less than 50 lakhs
(C) More than 25 lakhs
(D) Less than 25 lakhs
43) Stores
tenders are governed by
(A) IRS
Conditions of Contract
(B) GCC
(C) Both
(D) Neither
44) During
Advance Payment of Stores bills, which head will be debited?
(A) Purchase Suspense
(B) Stock
(C) Cheques and Bills
(D) SIT(DT)
45) ‘Stock’
will be debited
(A) On
passing of Advance bill
(B) On
passing of RO bill
(C) After
preparation of RO
(D) On receipt
of a debit from other zones
46) SMS in Stores means
(A) Store
Management Service
(B) Stores
Monthly Supply
(C) Stores
Monthly Summary
(D) Suspense
Management System
47) Stores
Monthly Summary covers
(A) All material received in the depots
(B) Material Issued on Sale basis
(C) Material transferred between depots
(D) All of the above
48)
The difference between Sale Value and Book value
of a scrap item will be booked to
(A) Stock
Adjustment Account
(B) Sundry
Earning
(C) Remittance
into Bank
(D) Sales
Suspense
49) Turnover
Ratio in Stores is calculated as
(A) Total Issues /Closing Balance*100
(B) Closing Balance/Total Issues*100
(C) Closing Balance /Total Receipt*100
(D) Total Receipt /Closing Balance*100
50) Deduct
Entry in Stores Budget refers to
(A) Deducting
‘Issues to Workshop’ from Stores Budget
(B) Deducting
‘Receipts from Workshop’ from Stores Budget
(C) Deducting
‘Issues to Workshop’ from Workshop Budget
(D) Deducting
‘Receipts from Workshop’ from Workshop Budget
51) Deduct
Entry in Stores Budget is operated
(A) To prevent double budgeting in Demand 16
(B) Because both Workshop and Stores Suspenses are part of Capital
Suspense
(C) Neither a or b
(D) Both a and b
52) AAC
Means
(A) Actual
Annual Consumption
(B) Average
Annual Consumption
(C) Anticipated
Annual course
(D) None of
the above
53) Vetting
of which category items has been discontinued in model SOP 2018.
(A) A&B
(B) B&C
(C) None of the above
54) Certain
Non-Stock requisitions need not vetted.
(A) If they
are part of a Detailed Estimate
(B) If they
are below 10 Lakhs
(C) If they
are non-PAC items.
(D) None of
the above
55) Single
tender can be called in case of PAC where it is certified that
(A) Similar article is not manufactured by any other firm
(B) Such an article not manufactured in India
(C) The firm has patented that article
(D) The firm is the OEM
56) Purchase
of services on Gem can be made ley
(A) Any
department
(B) Only
Store department
(C) Both
(D) None
57) Limited tenders in Stores may be called from
(A) Registered
Approved Suppliers for that item only
(B) Any
vendors
(C) From a
Single firm
(D) None of
the above
58) If only
one offer is received in an open tender
(A) Tender should be discharged
(B) Tender should be accepted
(C) Item should be retendered
(D) A&C
59) Sales
Suspense is maintain because
(A) To watch
over delivery of auctioned material against amount received
(B) To
ensure correct recovery of due amounts
(C) To
ensure excess delivery is not made
(D) None of
above
60) Stock adjustment account deals with
(A) there is
value difference due to market fluctuation
(B) Quantity
difference due to stock verification
(C) a &
b
(D) None of
the above
61) SIT (DT)
is a suspense which monitors
(A) Material transferred to other Zone
(B) Material transferred from depot to depot in the same Zone
(C) Material transferred to user depot
(D) None of the above
62) The
delivery period in supply contract shall be reckoned
(A) From the date of issue of purchase order
(B) From the date of issue of advance PO/Letter of advance
(C) Both A & B
(D) By the discretion of competent authority of purchaser department
63) Recovery
of liquidated damage shall be levied
(A) at the
rate of 1% of the price of the store per week and max 5%
(B) at the
rate of 2% of the price of the store per week and Max 10%
(C) At the
rate of 1/2% of the price of the store per week and max 10%
(D) At the
rate of 2% of the price of the store per month and max 5%
64) Spot purchase can be made
(A) With
concurrence of PFA and sanction of GM/AGM
(B) With
concurrence of PFA and sanction of PHOD
(C) With
approval of Railway Board
(D) With
concurrence of associate finance and sanction of DRM
65) 30%
option clause should be incorporated in supply contract to
(A) Fulfil the additional requirement
(B) To reduce outdated stock
(C) Both A & B
(D) None of the above
66)
What % of Net Procured Quantity in regular
supplied tenders can be ordered to developmental vendors?
(A) upto 10%
(B) upto 20%
(C) upto 5%
(D) upto 25%
67) From
which kind of vendor can LD not be taken in case of late supply?
(A) Approved vendor
(B) Developmental vendor
(C) Where Tender conditions contains not imposing of LD
(D) Both B & C
68)
In supply tender if price differential between
L-1 & L-2 is more than 3% and upto 5% then quantity distribution ratio
between L-1 & L-2 will be
(A)
60:40
(B)
50:50
(C)
65:35
(D)
70:30
69) SD from successful tender should be received
in purchase office within ……..
days
(A)
30
(B)
21
(C)
15
(D)
10
70)
Out turn statement Part-II shows out lay
(A) On works in progress
(B) On completed work order awaiting adjustment
(C) Both A & B
(D) Adjustable during the month
71)
Provident fund contributions to shop staff to be
classified as
(A) Shop on cost
(B) General on cost
(C) Proforma on cost
(D) Administrative on cost
72)
Depreciation of workshop plant and building is
classified as
(A) Shop on cost
(B) General on cost
(C) Profoma on cost
(D) None of the above
73)
Workshops on Railways are
(A)
Production workshop
(B)
Repair and maintenance workshop
(C)
Both of the above
(D)
None of above
74)
WGR is maintained in
(A) Railway division
(B) Railway workshop account
(C) Construction account
(D) None of the above
75)
The attendance is recorded in the gate
attendance card at
(A) Gate
(B) Shop
(C) Time office
(D) The time book
76)
Each workshop employee records his attendance
daily through GA Card
(A) Once
(B) Twice
(C) Thrice
(D) Four times
77)
Time/Tally sheets are evaluated on the basis of
(A)
Rate of Pay
(B)
Actual Wages drawn
(C)
Average labour rate
(D)
None of the above
78)
The difference between time/tally sheet and
labour Pay sheet on average rate is allocated to
(A)
General on cost
(B)
Shop on cost
(C)
Proforma on cost
(D)
None of the above
79)
Proforma on cost charges are levied on works
executed for
(A)
Other government department
(B) Store
Department
(C) POH of other
Railway
(D)
All of the above
80)
Work orders which conform to Revenue Accounting
Classification and remain unchanged from year to year are called
(A)
On cost work order
(B)
Manufacturing work order
(C) A
Revenue Standing work order
(D) None of the above
81)
Cost of defect and spoilt work in experimental
work is allocated to
(A) General of cost
(B) Proforma of cost
(C) Shop on cost
(D) None of the above
82)
Match the following production units with
location:-
(A) DLW i)
Chennai
(B) RCF ii)
Bengaluru
(C) RWF iii)
Kapurthala
(D) ICF iv)
Varanasi
83)
For paying enhanced tax rates the clause which
should be applicable is:-
(A) Price variation clause
(B) Statutory Variation clause
(C) Option clause
(D) Splitting clause.
84) The rate
for deduction of liquidated damages is :
(A) 0.5 % per week of delay
(B) 01 % per month of delay
(C) 02 % per week of delay
(D) 0.5 % per month of delay
85) Purchase
of stock items are initially booked to
(A) Stores suspense
(B) Workshop Manufacturing Suspense
(C) PU-27 Material Stock
(D) PU-28 Direct Purchase.
86) The post
of Financial Commissioner Railways will now be called as:-
(A) CEO
(Finance)
(B) Member
(Finance)
(C) Member
(Accounts)
(D) Member
(Business Development)
87)
The proposal sent by Zonal Railway to Railway
Board for specific need of Rolling Stock is called:-
(A) Rolling
Stock programme
(B) Itemized
Rolling Stock programme.
(C) Capital
Budget.
(D) None of
the above.
88) When
advance payment is made to a supplier the purchase is :-
(A) Credited
(B) Debited
(C) No Entry made
(D) None of the above.
89) When PSC
sleepers is supplied by authorised firm to private party they pay
(A) Inspection Charges to Railways.
(B) Liquidated damages to railway.
(C) Compensation to railway.
(D) All of the above.
90) Account
Current which complies with Government Account is called :-
(A) Finance
account
(B) Commercial
account
(C) Capital
account
(D) Revenue
Account
91) EMD for
stores contracts for tender valued 15 lakhs is :-
(A) 2% of Estimated value max 20 lakhs.
(B) 1% of Estimated value max 20 lakhs.
(C) 2% of Estimated value max 10 lakhs.
(D) 1% of Estimated value max 10 lakhs.
92) Which of
the following statements are correct?
The
stock adjustment account is operated to for recording differences arising out
of :-
i) Variation
in stock noticed on account of Stock Verification or Departmental Stock
Verification.
ii)Changes in Price of stock purchased from market or manufactured at
workshop.
iii)Difference
in book value and actual value realised on Scrap sale iv)Rounding off
(A) only I
and ii are correct
(B) only I,
ii and iii are correct
(C) all are
correct
(D) only I
and iii are correct
93) The SMS
is prepared for:
(A) Stock item
(B) Non stock item
(C) Both a & b.
(D) None of the above.
94) The
document required for 100% payment from consignee for stock item is
(A) Receipt note.
(B) DDR.
(C) Consignee receipt and acceptance certificate.
(D) All of the above.
95) PH 22 of
railway is used for:-
(A) Rolling
stock.
(B) Leased
asset payment Capital component
(C) Leased
asset payment of interest component
(D) IRFC
charges.
96) If terms
and condition in PO to be changed then:-
(A) Fresh PO is issued.
(B) Modification advice is issued.
(C) Cancellation advise is issued.
(D) above c) then a) is issued.
97. Which of
the following analysis is a part of Inventory Control :-
(A) F.O.R
(B) A.B.C
(C) T.A.N
(D) all of the above.
98. The
final booking of stock items is done under revenue head:-
(A) PU 27
(B) PU 28
(C) PU 32
(D) PU 99.
99)
POH cost of material for
home railway rolling stock will be booked under :-
(A)
PU 34
(B)
PU 35
(C)
PU 63
(D)
PU 64.
100)
PH 31 is used for booking expenditure of :-
(A)
Bridge works
(B)
S&T works
(C)
Track Renewal
(D)
Level crossing.
101)
Railway material received from supplier are
inspected on specified terms and conditions by :-
(A)
RDSO
(B)
RITES
(C)
Consignee
(D)
all of the above.
102)
Power to close items under part 1 of the railway
board inspection report of zonal railways lies with:-
(A)
GM
(B)
PFA
(C)
FA & CAO
(D)
None of the above.
103)
How many budgetary reviews are conducted in a
financial year:-
(A)
August Review, revised estimate, Final
modifications -3
(B)
August Review, Revised estimates, budget
estimates, Final Modifications -4
(C)
Revised estimates Budget Estimates, Final
Modifications -2
(D)
Revised Estimates, Budget Estimates, Final
modifications -3
104)
Production shops in a workshop are:-
(A)
Process shop
(B)
Job shop
(C)
Both process and job shop
(D)
None of the above.
105)
The document which is the authority for shop to
undertake manufacture of component is:-
(A)
Route card
(B)
Job card
(C)
Material tag
(D)
Scroll sheet.
106) On Cost
charges are distributed among the various jobs at the pre determined rates on
:-
(A)
Indirect labour charges
(B)
Direct labour charges
(C)
Total labour charges
(D)
None of the above.
(A)
PF contribution payable be Govt. to shop staff
is an item of indirect expenditure is classified as Shop on cost.
(B)
Payment made under workmen compensation act is
allocated to Performa on cost.
(C)
Depreciation of workshop plant and building is
taken into account for calculation of Performa on cost.
(D)
Expenditure on sanitary arrangement in a
workshop is allocated to Shop on cost.
108) If store is classified as dead surplus
store then :
(A)
It is not utilised in past 24 months.
(B)
It will not be utilised in next 24 months.
(C)
Both a and b above.
(D)
Only a
109)
I) Cost of custody stores is straight away
depicted to work concerned. II) Custody stores lie in the workshop
(A)
Only I is correct
(B)
Only II is correct
(C)
Both I & II are correct
(D)
Both I & II are incorrect
110)
After totaling labor, stores and misc. for the
month relating to each work the total is transferred to.
(A)
Workshop General register.
(B)
Account current.
(C)
WMS.
(D)
PH -71.
111)
All on cost other than proforma on cost incurred
in common in more than one shop is called :-
(A)
Shop on cost
(B)
General on cost.
(C)
Workshop cost
(D)
None of the above.
112)
The SV sheet prepared by stock verifier is form
:-
(A)
S1260
(B)
S1280
(C)
S1240
(D)
S1220
113)
SFC is quantity of fuel consumed per:-
(A)
1000 GTKM
(B)
1000 NTKM
(C)
100 GTKM
(D)
100 NT
114)
Indirect Cost are also called:-
(A)
Prime cost
(B)
On Cost
(C)
Prime and on cost.
(D)
None of the above.
115) Which SMH covers the expenditure of r & m of carriages &
wagons: -
(A)
8
(B)
3
(C)
4
(D)
6
116) In which PU the cost of direct purchases are booked
(A)
27
(B)
28
(C)
32
(D)
99
117) Which of the following PH is for M&P programme: -
(A)
41
(B)
42
(C)
21
(D)
53
118) Which of the following erstwhile demand dealing with POH of EMU :-
(A)
5
(B)
6
(C)
7
(D)
8
119) How many PH do we have :-
(A)
16
(B)
88
(C)
27
(D)
13
120) Erstwhile demand number 10 is used for booking of
(A)
Fuel
(B)
Rolling stock
(C)
Traffic
(D)
New lines.
121) Which of the following is not canons of financial propriety :-
(A)
Expenditure should not be more than demand
(B)
It should not be used for own benefit
(C)
TA should not be source of income
(D)
public money is for benefit of persons.
122) What is the codal life of icf coaches :-
(A)
25
(B)
30
(C)
36
(D)
40
123) Which of the following fund is used for replacement of over aged
asset:-
(A)
DF
(B)
Capital
(C)
DRF
(D)
OLWR
124)
Which of the following statement regarding stock
items are correct:-
i)
such items are kept at custody of stores
department
ii)
frequently and regularly required
iii) its unit
cost justifies incurring inventory carrying cost associated with these items.
(A)
only i) and ii)
(B)
only ii)
(C)
all
(D)
only ii) and iii)
125)
Items for store where there is regular turnover
caused by a constant demand and which are stored by stores dept in depot are
called :-
(A)
Ordinary Stores
(B)
Emergency Stores
(C)
Special Stores
(D)
Surplus Stores.
126)
The standard classification of stores has been
done in IR code for stores dept Vol-I under para:
(A)
201
(B)
301
(C)
401
(D)
501
127) As per IR code for stores dept vol-i the which
of the following options regarding sources of supply or receipt of material
required by railway is correct:-
(A)
Purchases
(B)
Purchases and manufactured at workshop
(C)
Purchases, manufactured at workshop, transfers
from other railway / department.
(D)
Purchases, manufactured at workshop, transfers
from other railway / department and returned.
128)
A contract under which, during the period of its
currency, the contractor engages to supply material on demand, irrespective of
quantity, at fixed unit rate or prices within a given period of the receipt of
such demand is called:-
(A)
Rate contracts
(B)
Running contracts
(C)
Schedule contract.
(D)
Lumpsum contract.
129)
Stock Verification is done by:-
(A)
Stores department
(B)
Accounts department
(C)
Both by a) and b)
(D)
None of the above.
129)
For purchase through tender / placing indents in
the normal course for stock and non stock item CMM has power of upto :-
(A)
1 crore
(B)
2 crore
(C)
5 crore
(D)
10 crore
131)
For approval of AAC OF A,B and C category items
vetting of HQ finance is required only for :-
(A)
A Category
(B)
B category
(C)
A & B category
(D)
A, B and C category.
132)
For signing of non-stock requisitions by user
departments JAG/SG has powers:-
(A)
Upto 15 lakhs
(B)
Upto 25 lakhs
(C)
Upto 35 lakhs
(D)
Upto 45 lakhs
133)
For indigenous procurement open tender of a
non-GeM item in normal course Sr Scale Office has power of Rs :-
(A)
3 lakhs
(B)
8 lakhs
(C)
25 lakhs
(D)
50 lakhs
134)
Total members in a TC above 45 lakhs upto Rs 1
crore will be:-
(A)
3
(B)
2
(C)
4
(D)
5
135)
Accepting authority for TC above Rs 1 crore and
upto 5 crore will be :-
(A)
AGM
(B)
CMM
(C)
DY CMM
(D)
GM.
136)
Cost of RPF staff is allocated to:-
(A)
Shop on cost
(B)
General on cost
(C)
Performa on cost
(D)
None of the above.
137)
The suspense account operated upon to
accommodate expenses incurred on labour, material and on cost expended on
various jobs is termed as :-
(A)
Labour suspense account
(B)
Stores suspense
(C)
WM’S Account
(D)
Workshop manufacturing account.
138)
TDS is deducted at what percentage in stock
items bills:-
(A)
2%
(B)
1 %
(C)
1.5 %
(D)
5 %
139) TDS is deducted when the PO value is above :-
(A)
1 lakh
(B)
1.5 lakh
(C)
2 lakh
(D)
2.5 lakh.
140) The PU for charging cost of electrical energy is :-
(A)
30
(B)
32
(C)
28
(D)
25
141) The salary of SSO (Stores) will be chargeable to :-
(A)
PU 27
(B)
PU 28
(C)
PU 01
(D)
PU 99
142) The stamp paper value of bank guarantee should be equivalent to :-
(A)
.10 % of contract value
(B)
.25% of contact value
(C)
.50% of contact value
(D)
.75% of contract value
143)
The FDR submitted by supplier for security
deposit should be addressed in favour of:-
(A)
COS
(B)
PFA
(C)
GM
(D)
None of the above.
144)
The role of accounts department w.r.t paper
security deposited in form of SD is of:-
(A)
CONSIGNEE
(B)
INDENTOR
(C)
CUSTODIAN
(D)
None of the above.
145)
In case of supplier is govt department the TDS
deducted for supply of stock item will be:-
(A)
1 %
(B)
2%
(C)
2.5 %
(D)
0 %.
146) After restructuring of railway board as per Dopt letter dtd:
02.09.20 the work
of stat and econ. will be looked after by :-
(A)
Member operation and business development
(B)
Member finance
(C)
Finance commissioner
(D)
None of the above.
107A-false, B-false, C-true & D-false
108C 109A 110A 111B 112A 113A 114B 115C 116B
117A 118B 119C
120A 121D 122A 123C 124C 125A 126A 127D 128A 129C
130C 131A
132A 133B 134B 135B 136B 137D 138A 139D 140A
141C 142B 143B
144C 145D 146B
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