📘 Internal Check – 100 MCQs

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1. 
   
   A. External audit
   B. System of checks within organization
   C. Budget
   D. Ledger
   Answer: B
2. Internal check is part of:
   A. Internal control
   B. Audit
   C. Budget
   D. None
   Answer: A
3. Internal check ensures:
   A. Accuracy
   B. Fraud prevention
   C. Efficiency
   D. All
   Answer: D
4. Internal check is performed by:
   A. External auditor
   B. Organization staff
   C. Government
   D. None
   Answer: B
5. Internal check is:
   A. Preventive
   B. Detective
   C. Corrective
   D. All
   Answer: D
6. Internal check reduces:
   A. Errors
   B. Fraud
   C. Misuse
   D. All
   Answer: D
7. Segregation of duties is part of:
   A. Internal check
   B. Audit
   C. Budget
   D. None
   Answer: A
8. Internal check ensures:
   A. Control
   B. Accountability
   C. Transparency
   D. All
   Answer: D
9. Internal check is:
   A. Optional
   B. Mandatory
   C. Rare
   D. None
   Answer: B
10. Internal check is continuous:
    A. Yes
    B. No
    C. Sometimes
    D. None
    Answer: A

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26. Cash handling requires:
    A. Control
    B. Verification
    C. Security
    D. All
    Answer: D
27. Surprise cash check ensures:
    A. Fraud detection
    B. Profit
    C. Loss
    D. None
    Answer: A
28. Authorization ensures:
    A. Control
    B. Delay
    C. Loss
    D. None
    Answer: A
29. Recording ensures:
    A. Accuracy
    B. Profit
    C. Loss
    D. None
    Answer: A
30. Verification ensures:
    A. Correctness
    B. Delay
    C. Loss
    D. None
    Answer: A
31. Internal check avoids:
    A. Fraud
    B. Error
    C. Misuse
    D. All
    Answer: D
32. Duties must be:
    A. Segregated
    B. Combined
    C. Ignored
    D. None
    Answer: A
33. Internal check requires:
    A. Supervision
    B. Control
    C. Monitoring
    D. All
    Answer: D
34. Railway internal check ensures:
    A. Financial discipline
    B. Control
    C. Efficiency
    D. All
    Answer: D
35. Internal check is reviewed by:
    A. Audit
    B. Management
    C. Both
    D. None
    Answer: C

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51. Cash ₹1,00,000, found ₹90,000 → shortage =
    A. ₹10,000
    B. ₹90,000
    C. ₹1,00,000
    D. None
    Answer: A
52. Cash ₹50,000, found ₹60,000 →
    A. Shortage
    B. Excess ₹10,000
    C. Profit
    D. None
    Answer: B
53. Payment ₹20,000 without approval →
    A. Valid
    B. Irregular
    C. Profit
    D. None
    Answer: B
54. Same person handles cash + record →
    A. Good control
    B. Weak control
    C. Profit
    D. None
    Answer: B
55. Invoice ₹10,000, paid ₹12,000 →
    A. Excess ₹2,000
    B. Saving
    C. Profit
    D. None
    Answer: A
56. Duplicate payment ₹5,000 →
    A. Error
    B. Fraud
    C. Both
    D. None
    Answer: C
57. No verification of stock →
    A. Strong control
    B. Weak control
    C. Profit
    D. None
    Answer: B
58. Cash received not recorded →
    A. Error
    B. Fraud
    C. Both
    D. None
    Answer: C
59. ₹15,000 expense without bill →
    A. Valid
    B. Irregular
    C. Profit
    D. None
    Answer: B
60. Segregation reduces:
    A. Fraud
    B. Error
    C. Both
    D. None
    Answer: C

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76. Internal check ensures:
    A. Accuracy
    B. Control
    C. Efficiency
    D. All
    Answer: D
77. Railway internal check is part of:
    A. Financial system
    B. Audit
    C. Budget
    D. None
    Answer: A
78. Internal check prevents:
    A. Fraud
    B. Error
    C. Misuse
    D. All
    Answer: D
79. Internal check requires:
    A. Supervision
    B. Monitoring
    C. Control
    D. All
    Answer: D
80. Internal check improves:
    A. Efficiency
    B. Accuracy
    C. Control
    D. All
    Answer: D
81. Weak internal check leads to:
    A. Fraud
    B. Error
    C. Loss
    D. All
    Answer: D
82. Internal check is reviewed by:
    A. Audit
    B. Management
    C. Both
    D. None
    Answer: C
83. Internal check ensures:
    A. Transparency
    B. Accountability
    C. Control
    D. All
    Answer: D
84. Railway finance depends on:
    A. Internal check
    B. Audit
    C. Budget
    D. All
    Answer: D
85. Internal check system ensures:
    A. Discipline
    B. Control
    C. Efficiency
    D. All
    Answer: D
86. Internal check avoids:
    A. Misuse
    B. Fraud
    C. Error
    D. All
    Answer: D
87. Financial control requires:
    A. Internal check
    B. Audit
    C. Budget
    D. All
    Answer: D
88. Internal check is essential for:
    A. Management
    B. Audit
    C. Control
    D. All
    Answer: D
89. Internal check ensures:
    A. Correct reporting
    B. Control
    C. Accuracy
    D. All
    Answer: D
90. Railway accounts ensure:
    A. Control
    B. Audit
    C. Compliance
    D. All
    Answer: D
91. Internal check improves:
    A. Efficiency
    B. Transparency
    C. Accountability
    D. All
    Answer: D
92. Internal check is:
    A. Continuous process
    B. One-time
    C. Optional
    D. None
    Answer: A
93. Internal check ensures:
    A. Financial discipline
    B. Control
    C. Accuracy
    D. All
    Answer: D
94. Internal check is part of:
    A. Internal control
    B. Audit
    C. Budget
    D. None
    Answer: A
95. Internal check reduces:
    A. Risk
    B. Fraud
    C. Error
    D. All
    Answer: D
96. Internal check ensures:
    A. Compliance
    B. Control
    C. Efficiency
    D. All
    Answer: D
97. Railway system depends on:
    A. Internal check
    B. Audit
    C. Budget
    D. All
    Answer: D
98. Internal check ensures:
    A. Accuracy
    B. Control
    C. Discipline
    D. All
    Answer: D
99. Internal check is essential for:
    A. Financial system
    B. Audit
    C. Budget
    D. None
    Answer: A
100. Internal check ensures:
     A. Transparency
     B. Accountability
     C. Control
     D. All
     Answer: D