📘 RFC Vol–II (Major/Minor/Sub Head Focus) - 100 MCQs
- Major Head represents:
A. Detailed activity
B. Broad function of government
C. Minor expense
D. Object
Answer: B - Minor Head represents:
A. Broad classification
B. Sub-division of Major Head
C. Object head
D. Payment type
Answer: B - Sub Head represents:
A. Broad category
B. Further classification of Minor Head
C. Major head
D. Object head
Answer: B - Detailed Head represents:
A. Function
B. Scheme/activity
C. Object
D. None
Answer: B - Object Head represents:
A. Nature of expenditure
B. Function
C. Scheme
D. Department
Answer: A - Classification is essential for:
A. Audit
B. Budgeting
C. Control
D. All
Answer: D - Major Head is indicated by:
A. 2 digits
B. 4 digits
C. 6 digits
D. 8 digits
Answer: B - Minor Head is indicated by:
A. 2 digits
B. 3 digits
C. 4 digits
D. 5 digits
Answer: B - Sub Head is:
A. Optional
B. Mandatory
C. Sometimes used
D. None
Answer: C - Object Head shows:
A. Why spent
B. Where spent
C. On what spent
D. Who spent
Answer: C
- Salary payment is booked under:
A. Major Head
B. Object Head
C. Minor Head
D. Sub Head
Answer: B - Track maintenance expenditure belongs to:
A. Revenue Major Head
B. Capital Major Head
C. Loan Head
D. Deposit
Answer: A - Construction of new railway line falls under:
A. Revenue
B. Capital
C. Deposit
D. Suspense
Answer: B - Fuel cost of locomotive is:
A. Fixed
B. Variable
C. Object Head
D. Capital
Answer: C - Workshop expenses are classified under:
A. Minor Head
B. Sub Head
C. Detailed Head
D. All
Answer: D - Pension payment belongs to:
A. Revenue
B. Capital
C. Deposit
D. Suspense
Answer: A - Grant for railway project is classified under:
A. Revenue
B. Capital
C. Deposit
D. Loan
Answer: B - Stores purchase is booked under:
A. Capital
B. Suspense
C. Revenue
D. Deposit
Answer: B - Suspense head is used for:
A. Final classification
B. Temporary booking
C. Capital
D. Revenue
Answer: B - Deposit head is used for:
A. Government money
B. Third-party money
C. Revenue
D. Capital
Answer: B
- Wrong classification affects:
A. Budget
B. Accounts
C. Control
D. All
Answer: D - Major Head determines:
A. Nature of expenditure
B. Function
C. Object
D. None
Answer: B - Object Head determines:
A. Function
B. Nature
C. Scheme
D. None
Answer: B - Minor Head helps in:
A. Detailed control
B. Broad classification
C. Object
D. None
Answer: A - Sub Head is useful for:
A. Scheme identification
B. Object
C. Function
D. None
Answer: A - Misclassification leads to:
A. Audit objection
B. Wrong reporting
C. Budget distortion
D. All
Answer: D - Capital expenditure is classified under:
A. Major Head capital
B. Minor Head
C. Object
D. None
Answer: A - Revenue expenditure is recurring:
A. Yes
B. No
C. Sometimes
D. None
Answer: A - Detailed Head shows:
A. Scheme
B. Object
C. Function
D. None
Answer: A - Object Head includes:
A. Salary
B. Wages
C. Office expense
D. All
Answer: D - Railway classification system ensures:
A. Accuracy
B. Control
C. Reporting
D. All
Answer: D - Budget is prepared based on:
A. Classification
B. Audit
C. Ledger
D. None
Answer: A - Accounts officer ensures:
A. Correct classification
B. Audit
C. Payment
D. None
Answer: A - Misclassification is treated as:
A. Error
B. Fraud
C. Loss
D. Profit
Answer: A - Capital vs Revenue classification is important for:
A. Profit
B. Asset
C. Control
D. All
Answer: D - Major Head grouping is based on:
A. Function
B. Nature
C. Object
D. None
Answer: A - Object Head grouping is based on:
A. Nature
B. Function
C. Scheme
D. None
Answer: A - Sub Head helps in:
A. Detailed tracking
B. Audit
C. Payment
D. None
Answer: A - Railway expenditure classification ensures:
A. Transparency
B. Accountability
C. Control
D. All
Answer: D - Classification code is used for:
A. Budget
B. Accounts
C. Audit
D. All
Answer: D - Capital works are tracked under:
A. Capital Major Head
B. Revenue
C. Deposit
D. None
Answer: A - Revenue expenses are charged to:
A. P&L
B. Balance Sheet
C. Capital
D. None
Answer: A - Suspense account is cleared by:
A. Final classification
B. Audit
C. Payment
D. None
Answer: A - Deposit account represents:
A. Government liability
B. Asset
C. Income
D. None
Answer: A - Railway accounting classification is:
A. Uniform
B. Random
C. Optional
D. None
Answer: A - Major Head ensures:
A. Functional grouping
B. Object grouping
C. Scheme grouping
D. None
Answer: A - Detailed Head ensures:
A. Scheme identification
B. Object
C. Function
D. None
Answer: A - Object Head ensures:
A. Nature classification
B. Function
C. Scheme
D. None
Answer: A - Classification errors impact:
A. Financial reporting
B. Budget
C. Audit
D. All
Answer: D - Railway classification system is governed by:
A. RFC
B. Audit
C. Budget
D. None
Answer: A - Expenditure classification helps in:
A. Control
B. Planning
C. Reporting
D. All
Answer: D - Railway accounts require:
A. Accuracy
B. Classification
C. Control
D. All
Answer: D - Classification is basis for:
A. Budget
B. Audit
C. Control
D. All
Answer: D - Major Head is:
A. Highest level
B. Lowest
C. Middle
D. None
Answer: A - Object Head is:
A. Lowest level
B. Highest
C. Middle
D. None
Answer: A - Classification ensures:
A. Uniformity
B. Accuracy
C. Control
D. All
Answer: D - Railway financial reporting depends on:
A. Classification
B. Audit
C. Budget
D. None
Answer: A - Correct classification ensures:
A. True accounts
B. False
C. Profit
D. None
Answer: A - Financial discipline requires:
A. Proper classification
B. Audit
C. Budget
D. None
Answer: A - RFC Vol-II classification system ensures:
A. Transparency
B. Control
C. Accuracy
D. All
Answer: D
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