❓MODEL EXAM PAPER


❓MODEL EXAM PAPER

( Answer at the end )

Subject: Railway Accounts / Financial Rules/Establishment
Total Questions: 50
Marks: 100 (2 marks each)
Time: 1 Hour


Instructions

  • All questions are compulsory
  • Each question carries 2 marks
  • Choose the correct option (A/B/C/D)
  • Answers are given at the end

QUESTIONS



  1. Pay fixation under FR 22 is applicable for:
    A) Leave
    B) Promotion
    C) Pension
    D) Audit
  2. Maximum Earned Leave accumulation is:
    A) 240 days
    B) 300 days
    C) 180 days
    D) 360 days
  3. Maximum pension admissible is:
    A) 40%
    B) 50%
    C) 60%
    D) 100%
  4. GPF interest is credited:
    A) Monthly
    B) Yearly
    C) Quarterly
    D) Daily
  5. Festival advance is:
    A) Interest-bearing
    B) Interest-free
    C) Loan
    D) Grant
  6. Capital expenditure results in:
    A) Expense
    B) Asset creation
    C) Loss
    D) Liability
  7. Leave is treated as:
    A) Right
    B) Privilege
    C) Salary
    D) Bonus
  8. Maximum commutation allowed is:
    A) 30%
    B) 40%
    C) 50%
    D) 60%
  9. Minimum GPF subscription is:
    A) 6%
    B) 5%
    C) 10%
    D) 1%
  10. Charged expenditure is:
    A) Voted
    B) Not voted
    C) Optional
    D) Audit
  11. Annual increment rate is:
    A) 2%
    B) 3%
    C) 4%
    D) 5%
  12. Leave salary during HPL is:
    A) Full pay
    B) Half pay
    C) Double pay
    D) No pay
  13. Minimum qualifying service for pension is:
    A) 5 years
    B) 10 years
    C) 15 years
    D) 20 years
  14. Advance recovery starts from:
    A) Same month
    B) Next month
    C) After 3 months
    D) Optional
  15. Revenue expenditure is:
    A) Asset creation
    B) Day-to-day expense
    C) Investment
    D) Loan
  16. Pay matrix introduced in:
    A) 6th CPC
    B) 7th CPC
    C) 5th CPC
    D) 8th CPC
  17. EL credited per half year is:
    A) 10 days
    B) 15 days
    C) 20 days
    D) 30 days
  18. GPF interest type is:
    A) Simple
    B) Compound
    C) Fixed
    D) None
  19. Pension starts from:
    A) Date of retirement
    B) Next day
    C) After 1 month
    D) After approval
  20. Audit ensures:
    A) Delay
    B) Compliance
    C) Bonus
    D) None
  21. Commuted leave is:
    A) Full pay leave
    B) Double of HPL
    C) Half pay
    D) EOL
  22. Pension depends on:
    A) Pay
    B) Service
    C) Both
    D) None
  23. GPF account maintained by:
    A) Employee
    B) Accounts office
    C) Bank
    D) Auditor
  24. Advance is:
    A) Grant
    B) Loan
    C) Bonus
    D) Allowance
  25. Budget includes:
    A) Receipts only
    B) Expenditure only
    C) Both
    D) None


  1. Pay ₹60,000 → pension = ?
    A) ₹25,000
    B) ₹30,000
    C) ₹20,000
    D) ₹35,000
  2. EL balance 290 → next credit:
    A) 15
    B) 10
    C) 5
    D) 0
  3. GPF ₹1,00,000 @7% → interest:
    A) 5,000
    B) 7,000
    C) 10,000
    D) 8,000
  4. Advance ₹24,000 for 12 months → monthly:
    A) 2,000
    B) 1,500
    C) 1,000
    D) 3,000
  5. HPL 40 days → commuted leave:
    A) 20
    B) 40
    C) 80
    D) 10
  6. Pension ₹30,000 → 40% commuted =
    A) 10,000
    B) 12,000
    C) 15,000
    D) 8,000
  7. Remaining pension =
    A) 18,000
    B) 20,000
    C) 15,000
    D) 12,000
  8. Advance ₹60,000 → 20 months:
    A) 3,000
    B) 2,000
    C) 4,000
    D) 5,000
  9. QS = 33 years → pension:
    A) Full
    B) Half
    C) 30/33
    D) 20/33
  10. Gratuity factor is:
    A) 1/2
    B) 1/4
    C) 1/3
    D) 1/5
  11. Pay ₹50,000 → pension:
    A) 20,000
    B) 25,000
    C) 30,000
    D) 15,000
  12. Advance ₹90,000 → 30 months:
    A) 3,000
    B) 4,000
    C) 2,000
    D) 5,000
  13. EL 100 → take 20 → balance:
    A) 70
    B) 80
    C) 60
    D) 90
  14. GPF ₹2,00,000 @7%:
    A) 10,000
    B) 14,000
    C) 12,000
    D) 15,000
  15. HPL per year:
    A) 10
    B) 20
    C) 30
    D) 15
  16. Advance ₹48,000 → 24 months:
    A) 2,000
    B) 3,000
    C) 4,000
    D) 1,500
  17. Family pension (30%) of ₹80,000:
    A) 20,000
    B) 24,000
    C) 30,000
    D) 40,000
  18. Pay ₹40,000 → pension:
    A) 15,000
    B) 20,000
    C) 25,000
    D) 10,000
  19. Advance ₹36,000 → 18 months:
    A) 2,000
    B) 1,500
    C) 3,000
    D) 2,500
  20. GPF ₹3,00,000 @8%:
    A) 20,000
    B) 24,000
    C) 18,000
    D) 22,000
  21. Commuted leave 10 → HPL used:
    A) 10
    B) 20
    C) 5
    D) 15
  22. EL encashment max:
    A) 240
    B) 300
    C) 180
    D) 360
  23. Advance ₹25,000 → 25 months:
    A) 1,000
    B) 2,000
    C) 1,500
    D) 800
  24. QS 30 → proportion:
    A) 30/33
    B) Full
    C) Half
    D) 20/33
  25. Pay ₹18,000 → pension:
    A) 9,000
    B) 8,000
    C) 10,000
    D) 7,000













ANSWER KEY (AT END)

1-B, 2-B, 3-B, 4-B, 5-B
6-B, 7-B, 8-B, 9-A, 10-B
11-B, 12-B, 13-B, 14-B, 15-B
16-B, 17-B, 18-B, 19-B, 20-B
21-B, 22-C, 23-B, 24-B, 25-C

26-B, 27-B, 28-B, 29-A, 30-A
31-B, 32-A, 33-A, 34-A, 35-B
36-B, 37-A, 38-B, 39-B, 40-B
41-A, 42-B, 43-B, 44-A, 45-B
46-B, 47-B, 48-A, 49-A, 50-A

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