Mock Test - General Financial Rules, 2005

 

General Financial Rules, 2005 — CPD-I Mock Test 04

Source: CAG CPD Stage-I Model Questions & Answers | 25 Questions | 25 scored | 25 minutes

Student Name *City *

Covers Procurement of Goods & Services (Chapter 6), Inventory Management (Chapter 7), and Contract Management (Chapter 8). Based on the supplied CAG model-question PDF and its answer key. No negative marking.

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October 12, 2026

GFR, Mock Test, Model Papers, quiz-exams

General Financial Rules 2017 - Chapter 8: Contract Management

 

General Financial Rules 2017 - Chapter 8: Contract Management

 

1. All contracts shall be made by an authority empowered to do so by or under the orders of the President in terms of
1. Article 299 (1)
2. Article 299 (2)
3. Article 301 (1)
4. Article 301 (2)
2. The various classes of contracts and assurances of property, which may be executed by different authorities, are specified in the Notifications issued from time to time by the
1. Ministry of Finance
2. Ministry of Law
3. Ministry of Trade & Commerce
4. Ministry of Industries
3. The powers of various authorities, the conditions under which such powers should be exercised and the general procedure prescribed with regard to various classes of contracts and assurances of property are laid down in
1. Rule 107 of GFR 2017
2. Rule 79 of R&P 1983
3. Rule 52 of GAR 1990
4. Rule 21 of the Delegation of Financial Powers Rules.
4. State whether true or false The modifications in standard forms of contracts should be carried out only after obtaining legal advice.
1. True
2. False
5. A Ministry or Department may, at its discretion, make purchases by issuing purchase orders containing basic terms and conditions of value up to
1. Rs. 200000/-
2. Rs. 250000/-
3. Rs. 300000/-
4. Rs. 500000/-
6. Tender documents include the General Conditions of Contract (GCC), Special Conditions of Contract (SCC) and scope of work, the letter of acceptance will result in a binding contract in respect of Works Contracts, or Contracts for purchases valued between
1. Rs. 100000-500000
2. Rs. 200000-1000000
3. Rs. 100000-1000000
4. Rs. 200000-1000000
7. A Contract document should be executed, with all necessary clauses to make it a self-contained Contract in respect of contracts for works with estimated value and purchase of
1. Rs. 1000000 or above
2. Rs. 1500000 or above
3. Rs. 2000000 or above
4. Rs. 5000000 or above
8. Contract document should be invariably executed in cases of following except
1. turnkey works
2. maintenance of equipment
3. provision of services
4. purchase of IT products
9. Contract document, where necessary, should be executed
1. within 21 days of the issue of letter of acceptance
2. within 21 days of the opening of bid
3. within 30 days of the issue of letter of acceptance
4. within 30 days of the opening of bid
10. State whether true or false Non-executing a contract by the Contractor or Supplier within the prescribed period would not constitute sufficient ground for annulment of the award and forfeiture of Earnest Money Deposit.
1. True
2. False
11. Contract in which the price payable for supplies or services under the contract is determined on the basis of actual cost of production of the supplies or services concerned plus profit either at a fixed rate per unit or at a fixed percentage on the actual cost of production is called
1. Fixed Rate Contract
2. Finished Rate Contract
3. Cost Plus Contract
4. Negotiated Contract
12. Price Variation Clause can be provided only in long-term contracts, where the delivery period extends
1. up-to 18 months
2. up-to 36 months
3. beyond 36 months
4. beyond 18 months
13. The variations under Price Variation Clause are calculated by using indices published by Governments or
1. Chambers of Commerce
2. Chambers of Trade
3. Chambers of Industries
4. All of the threes
14. No price adjustment under Price Variation Clause will be made in favour of the supplier where resultant increase is lower than
1. 1%
2. 2%
3. 5%
4. 10%.
15. No price variation will be admissible beyond the original Scheduled Delivery Date for defaults on the part of the supplier. However, it may be allowed beyond the original Scheduled Delivery Date, by specific alteration of that date through an amendment to the contract in cases of Force Majeure or defaults by Government.
1. True
2. False
16. Copies of all contracts and agreements for purchases, and of all rate and running contracts entered into by civil departments of the Government other than the departments like the DGS&D should be sent to the Audit Officer and /or the Accounts officer as the case may be when value of the contracts/agreements are of
1. Rs. 10 lakh and above
2. Rs. 15 lakh and above
3. Rs. 20 lakh and above
4. Rs. 25 lakh and above
17. Provision for recovery of liquidated damages applies when
1. Item/service received less than supply/work order
2. Description of items are different than what required in supply order
3. Items/services delivered beyond scheduled delivery date
4. Items/service supplied or rendered are in damaged/inappropriate condition.
18. No claim for the payment from contractor shall be entertained after the lapse of
1. 3 years of arising of the claim.
2. 5 years of arising of the claim
3. 7 years of arising of the claim
4. 10 years of arising of the claim
19. Monthly review should be made of all bank guarantees or other instruments expiring
1. within 6 months
2. after 6 months
3. within 3 months
4. after 3 months

 

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August 13, 2023

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General Financial Rules 2017 - Chapter 6: Procurement of Goods and Services

 

General Financial Rules 2017 - Chapter 6: Procurement of Goods and Services

 

1. An authority competent to incur expenditure may sanction the purchase of goods required for use in public service in accordance with provisions given in the
1. Delegation of Financial Powers Rules
2. Departmental Regulations
3. R&P
4. GFR
2. The terms rate contract pertains to
1. Ministries/Departments
2. DGS&D
3. Ministry of Finance
4. Ministry of Corporate Affairs
3. GeM stands for
1. Government Money
2. Government e-marketing
3. Government e-market Place
4. Goods e-market place
4. Pick the incorrect one
1. Up to Rs.50,000/- through any of the available suppliers on the GeM, meeting the requisite quality, specification and delivery period.
2. Above Rs.50,000/- and up to Rs.30,00,000/- through the GeM Seller having lowest price amongst the available sellers, of at least three different manufacturers, on GeM, meeting the requisite quality, specification and delivery period.
3. Above Rs.30,00,000/- through the supplier having lowest price meeting the requisite quality, specification and delivery period after mandatorily obtaining bids, using online bidding or reverse auction tool provided on GeM.
4. None (all of the above are correct)
5. The Ministries/Departments shall l project their Annual Procurement Plan of goods and services on GeM portal within
1. 30 days of Budget approval.
2. 30 days of financial year
3. 90 days of budget approval
4. 90 days of financial year
6. Depending on the nature of the goods the supplier(s) will be registered for a fixed period between
1. 1 to 2 years
2. 1 to 3 years
3. 2 to 3 years
4. 2 to 5 years
7. If a procuring entity determines that the bidder has breached the code of integrity it may debar a bidder or any of its successors from participating in any procurement process undertaken by it for a period
1. not exceeding two years
2. not exceeding three years
3. not exceeding five years
4. not exceeding ten years
8. Purchase of goods without inviting quotations or bids on the basis of a certificate to be recorded by the competent authority up-to the value of Rupees
1. 10000/-
2. 15000/-
3. 25000/-
4. 50000/-
9. Purchase of goods without inviting quotations or bids on the basis of a certificate to be recorded by the competent authority up-to the certain has been given in GFR under Rule
1. 145
2. 147
3. 150
4. 154
10. Purchase of goods on each occasion may be made on the recommendations of a duly constituted Local Purchase Committee costing
1. above Rs. 10,000 up-to Rs.1,00,000/-
2. above Rs. 15,000 up-to Rs.1,50,000/-
3. above Rs. 25,000 up-to Rs.1,50,000/-
4. above Rs. 25,000 up-to Rs.2,50,000/-
11. Purchase of goods on each occasion may be made on the recommendations of a duly constituted Local Purchase Committee has been referred to in GFR under Rule
1. 151
2. 154
3. 155
4. 157
12. State whether true or false It is desirable, however, not mandatory for all Ministries/Department s of the Central Government, their attached and Subordinate Offices and Autonomous /Statutory Bodies to publish their tender enquiries, corrigenda thereon and details of bid awards on the Central Public Procurement Portal (CPPP).
1. True
2. False
13. It is mandatory for Ministries/ Departments to receive all bids through e-procurement portals in respect of all procurements. These instructions will not apply to procurements made by Ministries / Departments through
1. Multinational Companies
2. Public Sector Undertakings
3. DGSD Rate
4. Make in India Companies
14. Advertised Tender Enquiry should be resorted for procurement of goods of estimated value of Rupees
1. 10 lakh and above
2. 20 lakh and above
3. 25 lakh and above
4. 30 lakh and above
15. CPPP Stands for
1. Central Public Procurement Portal
2. Centralized Purchase & Payment Portal
3. Common Public Procurement Portal
4. Common Purchase & Payment Portal
16. Ordinarily, from the date of publication of the tender notice or availability of the bidding document for sale, whichever is later the minimum time to be allowed for submission of bids should be
1. 2 weeks
2. 3 weeks
3. 4 weeks
4. 7 weeks
17. Where the bids from abroad are also to be obtained, the minimum period should be kept as
1. 3 weeks for domestic and 4 weeks for foreign bidders.
2. 3 weeks for both domestic and foreign bidders.
3. 4 weeks for both domestic and foreign bidders
4. 4 weeks for domestic and 6 weeks for foreign bidders
18. Limited Tender Enquiry may be adopted when estimated value of the goods to be procured is up to Rupees
1. 10 lakh
2. 15 lakh
3. 20 lakh
4. 25 lakh
19. Copies of the bidding document should be sent directly by speed post/registered post/courier/ email to firms which are borne on the list of registered suppliers for the goods in question under
1. Advertised Tender Enquiry
2. Limited Tender Enquiry
3. Multi Tender Enquiry
4. Two Stage Tender Enquiry
20. The number of supplier firms in Limited Tender Enquiry should be
1. not less than three
2. more than three
3. four
4. six
21. Purchase through Limited Tender Enquiry may be adopted even where the estimated value of the procurement is more than 25 lakh in the following circumstances except
1. The competent authority in the Ministry or Department certifies that the demand is urgent and any additional expenditure involved by not procuring through advertised tender enquiry is justified in view of urgency.
2. There are sufficient reasons indicating that it will not be in public interest to procure the goods through advertised tender enquiry.
3. The sources of supply are definitely known and possibility of fresh source(s) beyond those being tapped is remote.
4. The goods under procurement is of high value and delicate nature.
22. Pick the incorrect one
1. For purchasing high value plant, machinery etc. of a complex and technical nature, bids may be obtained in two parts- Technical bid and Financial bid.
2. Technical bid consists of all technical detail s along with commercial terms and conditions and Financial bid indicating item-wise price for the items mentioned in the technical bid.
3. The technical bid and the financial bid should be sealed by the bidder in separate covers duly super-scribed and both these sealed covers are submitted separately.
4. The technical bids are to be opened by the purchasing Ministry or Department at the first instance and evaluated by a competent committee or authority. At the second stage financial bids of only these technically acceptable offers should be opened after intimating them the date and time of opening the financial bid for further evaluation and ranking before awarding the contract.
23. Procurement from a single source may be resorted to in the following circumstances except:
1. It is in the knowledge of the user department that only a particular firm is the manufacturer of the required goods
2. In a case of emergency and reason for such decision is to be recorded and approval of competent authority obtained.
3. For standardisation of machinery or spare parts to be compatible to the existing sets of equipment (on the advice of a competent technical expert and approved by the competent authority), the required item is to be purchased only from a selected firm
4. None of the above
24. Proprietary Article Certificate is applicable in
1. Limited Tender Enquiry
2. Advertised Tender Enquiry
3. Single Tender Enquiry
4. Two Bid Enquiry Tender
25. An online real-time purchasing technique utilised by the procuring entity to select the successful bid, which involves presentation by bidders of successively more favourable bids during a scheduled period of time and automatic evaluation of bids is called
1. Electronic Procurement
2. Electronic Reverse Auction
3. Electronic Buyer Seller Action
4. Electronic Deliberation
26. State whether true or fasle Maintenance contract(s) of suitable period either with the supplier of the goods or with any other competent firm, not necessarily the supplier of the subject goods is/are especially needed for sophisticated and costly equipment and machinery.
1. True
2. False
27. To safeguard against a bidder’s withdrawing or altering its bid during the bid validity period in the case of advertised or limited tender enquiry, Bid Security is obtained. Bid Security is also called
1. Security Deposit
2. Performance Deposit
3. Work Guarantee
4. Earnest Money
28. Amount of bid security should ordinarily range between
1. 1 to 5% of the estimated value of the goods to be procured.
2. 2 to 5% of the estimated value of the goods to be procured.
3. 3 to 5% of the estimated value of the goods to be procured.
4. 5 to 10 of the estimated value of the goods to be procured.
29. Bid Security may be exempted for
1. Micro and Small Enterprises (MSEs)
2. Suppliers registered with the Central Purchase Organisation or the concerned Ministry or Department.
3. Both of the above
4. None
30. The bid security is normally to remain valid for a period of
1. 30 days beyond the final bid validity period.
2. 30 days from date of inviting bid
3. 45 days beyond the final bid validity period
4. 45 days from date of inviting bid
31. Bid securities of the unsuccessful bidders should be returned to them at the earliest after expiry of the final bid validity and latest on or before the
1. 30th day after the award of the contract.
2. 45th day after the award of the contract
3. 60th day after the award of the contract
4. 75th day after the award of the contract
32. Performance Security should be for an amount of (of the value of the contract as specified in the bid documents)
1. 2 to 5%
2. 5 to 10%
3. 5 to 15%
4. 10 to 15%
33. Period for which Performance Security should remain valid beyond the date of completion of all contractual obligations of the supplier including warranty obligations?
1. 30 days
2. 45 days
3. 60 days
4. 90 days
34. Advance payments for procurement of goods and services may be made in cases advance payment demanded
1. by firms holding maintenance contracts for servicing of Air- conditioners, computers, other costly equipment, etc. by firms against fabrication contracts, turn-key contracts etc.
2. by firms supplying high value machinery and plants.
3. by firms supplying scientific and technical items
4. by firms supplying items are located abroad.
35. In case of advance to private firms, it should not exceed:
1. 10% of the contract value
2. 20% of the contract value
3. 30% of the contract value
4. 50% of the contract value
36. In case of advance to a State or Central Government agency or a Public Sector Undertaking, it should not exceed:
1. 20% of the contract value
2. 25% of the contract value
3. 30% of the contract value
4. 40% of the contract value
37. In case of maintenance contract, the amount of advance should not exceed the amount payable for
1. 2 months under the contract.
2. 3 month sunder the contract
3. 6 month sunder the contract
4. 12 months under the contract
38. Ministries or Departments of the Central Government may relax the ceilings (including percentage laid down for advance payment for private firms) in consultation with
1. CGA
2. CA&G
3. their Principal Accounts Officer
4. their Financial Advisers
39. State whether true or false if a firm quotes NIL charges/consideration, the bid shall be given priority and be treated as lowest one as it will most economical to the State”
1. True
2. False
40. In case a purchase Committee is constituted to purchase or recommend the procurement, no member of the purchase Committee should be reporting directly to any other member of such Committee in cases estimated value of procurement exceeds
1. Rs. 10 lakhs
2. Rs. 25 lakhs
3. Rs. 50 lakhs
4. Rs. 1 crore
41. State whether true or false Disclosure by the bidder of any previous transgressions made in respect of code of integrity with any entity in any country during the last five (05) years or of being debarred by any other procuring entity.
1. True
2. False
42. Services typically involve providing expert or strategic advice is called
1. Consulting Service
2. Non-consulting Services
3. Advisory Services
4. Management Services
43. Preparation of a long list of potential consultants may be done on the basis of formal or informal enquiries from other Ministries or Departments or Organizations involved in similar activities, Chambers of Commerce & Industry, Association of consultancy firms etc. Where the estimated cost of the consulting service is up to Rupees
1. 10 lakh
2. 15 lakh
3. 25 lakh
4. 40 lakh
44. “Expression of Interest” should be sought where the estimated cost of the consulting services is
1. above Rs. 20 lakh
2. above Rs. 25 lakh
3. up-to Rs. 20 lakh
4. up-to Rs. 25 lakh
45. The number of short listed consultants should
1. not be less than three.
2. be more than three
3. not be less than six
4. be more than six
46. RFP stands for
1. Requirement for Procurement
2. Request for Procurement
3. Request for Purchase & Payment
4. Request for Proposal
47. Technical bids should be analysed and evaluated by a
1. Consultancy Evaluation Committee (CEC) constituted by the Ministry or Department.
2. Consultancy Evaluation Committee (CEC) constituted by the Ministry of Finance
3. Consultancy Evaluation Committee (CEC) constituted by Head of Department
4. Consultancy Evaluation Committee (CEC) constituted by the Parliament.
48. QCBS stands for
1. Quality Control & Budgeting System
2. Quality and Cost Based Selection
3. Quality Control Based Selection
4. Quality and Cost Based Supply
49. The weight age of the technical parameters i.e. non- financial parameters in no case should exceed
1. 30%
2. 50%
3. 60%
4. 80%
50. Services which involve physical, measurable deliverables/outcomes, where performance standards can be clearly identified and consistently applied, are classified as
1. Contingent Services
2. Labour Services
3. Non-consulting Services
4. Work Charged Services
51. Pick the incorrect one
1. For identification of likely contractors the Ministry or Department should prepare a list of likely and potential contractors on the basis of formal or informal enquiries from other Ministries or Departments and Organisations involved in similar activities, scrutiny of ‘Yellow pages’, and trade journals, if available, web site etc.
2. The number of the identified contractors for issuing limited tender enquiry for estimated value of the non-consulting service up-to Rs.10 lakhs should not be less than six.
3. For estimated value of the non-consulting service above Rs.10 lakhs The Ministry or Department should issue advertisement in such case should be given on Central Public Procurement Portal (CPPP)
4. None (All of the above are correct)

 

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August 13, 2023

GFR

General Financial Rules 2017 - Chapter 5: Works

 

General Financial Rules 2017 - Chapter 5: Works

 

1. Works which add capital value to existing assets but do not create new assets are called
1. Original Works
2. Repair Works
3. Minor Works
4. Contingent Works
2. New constructions, site preparation, additions and alterations to existing works, special repairs to newly purchased or previously abandoned buildings or structures, including re-modelling or replacement are called
1. Original Works
2. Repair Works
3. Minor Works
4. Contingent Works
3. Subject to certain conditions a Ministry or Department at its discretion may directly execute repair works estimated to cost up to Rupees
1. 10 lakhs
2. 15 lakhs
3. 20 lakhs
4. 30 lakhs
4. A Ministry or Department may, at its discretion, assign to any Public Works Organisation (PWO) repair works estimated to cost above Rupees 30 Lakhs and original/minor works of
1. above 50 lakh
2. above 1 crore
3. above 2 crore
4. any value
5. Pick the incorrect one No works shall be commenced or liability incurred in connection with it until
1. administrative approval has been obtained from the appropriate authority in each case.
2. sanction to incur expenditure has been obtained from the competent authority.
3. a properly detailed design has been sanctioned; while designing the projects etc, principles of Life Cycle cost may also be considered.
4. funds to cover the charge during the year and beyond till completion of the work have been provided by competent authority.
6. State whether true or false For purpose of approval and sanctions, a group of works which forms one project, shall be considered as one work. Therefore, approval or sanction of higher authority is not required as cost of each particular work in the project is within the powers of such approval or sanction of a lower authority.
1. True
2. False
7. Open tenders will be called for works costing Rupees
1. 1 lakh to 10 lakh
2. 2 lakh to 15 lakh
3. 3 lakh to 20 lakh
4. 5 lakh to 30 lakh
8. Limited tenders will be called for works costing less than Rupees
1. 1 lakh
2. 2 lakh
3. 5 lakh
4. 10 lakh
9. To review the progress of the work, the Administrative Ministry or Department will set up a Review Committee consisting of a representative each from the Administrative Ministry, Finance (Internal Finance Wing) and the Executing Agency when the estimate cost of approved project is Rupees
1. 50 crore and above
2. 100 crore and above
3. 200 crore and above
4. 500 crore and above
10. The Review Committee shall have the powers to accept variation within
1. 5% of the approved estimates.
2. 10% of the approved estimates
3. 10% of the approved estimates
4. 15% of the approved estimates

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August 13, 2023

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General Financial Rules 2017 - Chapter 4: Government Accounts

 

General Financial Rules 2017 - Chapter 4: Government Accounts

 

1. Accounts of the Union Government shall be prepared by
1. CGA
2. C&AG
3. Financial Advisor of the concerned Ministry/Department
4. Public Account Committee
2. Accounts of the Union Government shall be certified by
1. CGA
2. C&AG
3. Financial Advisor of the concerned Ministry/Department
4. Public Account Committee
3. Accounts of the Union Government shall be submitted to the President of India, preferably within
1. 1 month of close of the Financial Year
2. 3 months of close of the Financial Year
3. 6 months of close of the Financial Year
4. 9 months of close of the Financial Year
4. Who shall cause Accounts of the Union Government to be laid before each House of Parliament?
1. Finance Minister
2. Union Cabinet
3. C&AG
4. President
5. The Accounts of the Union Government shall be kept in such form as the President may, on the advice of the Comptroller and Auditor General of India, prescribe as given in Article
1. 148
2. 149
3. 150
4. 151
6. Who is responsible for prescribing the form of accounts of the Union and States, and to frame, or revise, rules and manuals relating thereto on behalf of the President of India on the advice of the Comptroller and Auditor General of India?
1. Accountant General
2. CCA
3. CAA
4. CGA
7. Government accounts shall be prepared on
1. cash basis.
2. credit basis
3. accrual basis
4. any of the above
8. Government accounts shall be kept in
1. single part
2. two parts
3. three parts
4. four parts
9. Pick the incorrect one
1. Consolidated Fund is divided into two Divisions, namely, ‘Revenue’ and ‘Capital’ divisions.
2. The Revenue Division comprises two sections namely Receipt Heads (Revenue Account) dealing with the proceeds of taxation and other receipts classified as revenue and the section ‘Expenditure Heads (Revenue Account)’ dealing with the revenue expenditure met therefrom.
3. The Capital Division comprises two sections, viz., ‘Receipt Heads (Capital Account)’ and ‘Expenditure Heads (Capital Account)’
4. These sections are in turn divided into sectors such as ‘General Services’, ‘Social and Community Services’, ‘Economic Services’, etc., under which specific functions or services are grouped corresponding to the sectors of classification and which are represented by Major Heads (comprising Sub-Major Heads wherever necessary).
10. Contingency Fund of Union Territories are set up by the Government of India under
1. Section 48 of Government of Union Territories Act, 1963.
2. Section 52 of Government of Union Territories Act, 1948
3. Section 62 of Government of Union Territories Act, 1965
4. Section 108 of Government of Union Territories Act, 1967
11. Transactions relating to debt (other than those included in Part-I), reserve funds, deposits, advances, suspense, remittances and cash balances shall be recorded in
1. Consolidated Fund
2. Contingency Fund
3. Public Account
4. Departmental Fund
12. The classification of transaction in Government Accounts shall have closer reference to
1. Function/Programme/Activity
2. Department/Ministry
3. Capital and Revenue
4. Charged and Voted
13. Classification of Government Accounts consists of
1. 4 tiers
2. 5 tiers
3. 6 tiers
4. 7 tiers
14. The six tiers of Government Accounts are represented by a unique
1. 15 digits’ numeric code.
2. 15 digits’ alpha-numeric code
3. 13 digits’ numeric code.
4. 13 digits’ alpha-numeric code
15. Pick the incorrect one
1. The List of Major and Minor Heads of Accounts of Union and States is maintained by the Ministry of Finance (Department of Expenditure – Controller General of Accounts)
2. CGA is authorised to open a new head of account on the advice of the C&AG under the Article 150 of the Constitution.
3. Ministries/Departments may open Sub-Heads and Detailed Heads as required by them in consultation with the Budget Division of the Ministry of Finance.
4. Principal Accounts Offices of Ministry/Department may open Sub/Detailed Heads required under the Minor Heads falling within the Consolidated Fund of India subject to certain restriction.
16. The Object Heads have been prescribed under Government of India’s Orders below Rule 8 of
1. R&P 1983
2. GFR 2017
3. GAR 1990
4. Delegation of Financial Power Rules
17. State whether true or false In cases of doubt regarding the Head under which a transaction should be accounted, the matter shall be referred to the Principal Accounts Officer of the Ministry/Department concerned for clarification of the Ministry of Finance and the CA&G, wherever necessary.
1. True
2. False
18. RBI shall nominate a bank to function as Accredited Bank of a Ministry or Department, in consultation with the
1. CGA
2. C&AG
3. PAO
4. Finance Minister
19. Pick the correct ones (i) Public Financial Management System (PFMS) an integrated Financial Management System of CGA shall be used for sanction preparation, bill processing, payment, receipt management, Direct Benefit Transfer, fund flow management and financial reporting. (ii) All the payment, to the extent possible, shall be released ‘just-in-time’ by the Ministries through PFMS. (iii) Detailed Demand for Grants (DDG), as approved, must be uploaded on PFMS by the end of the financial year. (iv) All the re-appropriation orders, surrender order shall be generated through PFMS system. (v) All grantee institutions shall submit Utilisation Certificates on PFMS.
1. i, ii, iii and iv
2. i, ii, iv and v
3. ii, iii, iv and v
4. All of the above
20. DBT should include
1. in-kind transfers to beneficiaries
2. in cash transfers to beneficiaries
3. transfers/honorariums given to various enablers of government schemes
4. All of the above.
21. Transaction charges for the financial intermediaries facilitating DBT payments shall be paid as stipulated by
1. Union Cabinet
2. Ministry of Finance
3. Ministry of Trade & Commerce
4. Ministry of Corporate Affairs
22. Appropriation Accounts of Central Ministries/Departments other than Ministry of Railways, Defence and Posts shall be prepared by the
1. CCA
2. CGA
3. C&AG
4. Principal Accounts Officer
23. Appropriation Accounts of Central Ministries/Departments shall be prepared under the guidance of
1. CCA
2. CGA
3. C&AG
4. Principal Accounts Officer
24. Who signs the Appropriation Accounts of Central Ministries/Departments?
1. CAA
2. CGA
3. C&AG
4. Principal Accounts Officer
25. Union Government Appropriation Accounts (Civil) that required to be submitted to Parliament, shall be prepared by
1. Principal Accounts Officer
2. CCA
3. CA&G
4. CGA
26. State whether true or false Appropriation Accounts pertaining to Departments of Posts and Defence Services shall be prepared and signed by the Secretaries to the Government of India in the Department of Posts and Ministry of Defence respectively and that of Ministry of Railways by the Chairman, Railway Board.
1. True
2. False
27. Accounts showing under the respective Heads the annual receipts and disbursements and statement of balances for the purpose of the Union, are called
1. Appropriation Accounts
2. Finance Accounts
3. Proforma Accounts
4. Balance Sheet
28. Finance accounts of the Government of India (including transactions of Department of Posts and Ministries of Defence and Railways and transactions under Public Account of India of Union Territory Governments) shall be prepared and signed by the
1. CGA
2. C&AG
3. Secretary (Expenditure), Ministry of Finance
4. Finance Minister
29. Finance accounts of the Government of India is countersigned by the
1. CGA
2. C&AG
3. Secretary (Expenditure), Ministry of Finance
4. Finance Minister
30. The certified Annual Accounts and the Reports relating to the accounts shall be submitted by the Comptroller and Auditor General of India to the President in accordance with the provisions of
1. Section 10 of DPC Act, 1971 & Article 150 of Constitution
2. Section 11 of DPC Act, 1971 & Article 151 of Constitution
3. Section 11 of DPC Act, 1971 & Article 150 of Constitution
4. Section 10 of DPC Act, 1971 & Article 151 of Constitution
31. The Appropriation and Finance Accounts shall be prepared by the respective authorities on the dates mutually agreed upon with the
1. CGA
2. C&AG
3. DRSC
4. Finance Minister
32. State whether true or false Details of the financial stakes of the Administrative Ministries / PSUs / Subordinate / Statutory / Autonomous Bodies in Public Private Partnerships (PPP)/ Production Sharing Contracts (PSCs)/ Joint Ventures (JV’s)/ Subsidiary companies etc. should be disclosed Finance Accounts.
1. True
2. False
33. Pick the incorrect one
1. Proforma Accounts is suitable for Government Departments working on a commercial or quasi-commercial basis
2. This includes the maintenance of suitable Manufacturing, Trading, Profit & Loss Accounts and Balance Sheet.
3. The Head of the units shall be required to maintain such subsidiary proforma accounts in commercial form as may be agreed between Government and CGA.
4. None of the above (All of the above are correct)
34. Proforma accounts of regular Government Workshops and Factories shall be kept in accordance with the detailed rules and procedure prescribed in the
1. GAR, 1990
2. R&P, 1983
3. GFR, 2017
4. Departmental regulations.
35. Proforma accounts relating to Public Works shall be prepared by the
1. Divisional Officer
2. CCA
3. Accounts Officers
4. CGA
36. Proforma accounts relating to Public Works shall be prepared by the Accounts Officers in accordance with the instructions contained in
1. Departmental regulations
2. Account Code for Accountants General.
3. GAR, 1990
4. Works Manual.
37. Where commercial accounts are maintained for the purpose of assessment of the cost of an article or service, who shall ensure that adequate regulations are framed with the approval of Government in order to ensure that the cost deduced from the accounts is accurate and true?
1. Head of the Unit
2. CAG
3. CGA
4. CCA
38. Subsidiary accounts and statements shall be submitted on such date as may be required by to the
1. CCA
2. CAA
3. CGA
4. Accounts Officer
39. Subsidiary accounts and statements shall be appended each year to the
1. Appropriation Accounts
2. Finance Accounts
3. Departmental Accounts
4. Balance Sheet
40. The Personal Deposit Account shall be authorised to be opened by a special order by the concerned Ministry or Department in consultation with the
1. CAA
2. CCA
3. CGA
4. C&AG
41. Every personal deposit account so authorised to be opened, shall form part of the Government Account and be located in the
1. Consolidated Fund
2. Contingency Fund
3. Public Account
4. Local Departmental Account
42. The provisions relating to “Personal Deposit Account” are contained in
1. Civil Accounts Manual and R&P 1983
2. GAR, 1990
3. GFR, 2017
4. Accounts Code
43. In relation to Civil and Criminal Courts’ deposits, Personal Deposit Account to be opened in favour of the
1. Chief Justice of High Court of the State Concerned
2. Chief Justice of Supreme Court
3. Bar Council
4. Chief Judicial Authority concerned
44. State whether true or false Officers commanding units and others concerned in the administration of public funds in the Defence Departments can be authorised to open personal deposit accounts for such funds.
1. True
2. False
45. Significant expenditure incurred with the object of acquiring tangible assets of a permanent nature or enhancing the utility of existing assets, shall broadly be defined as
1. Assets expenditure
2. Capital expenditure.
3. Revenue expenditure
4. At discretion of HoD
46. Charges on maintenance, repair, upkeep and working expenses, which are required to maintain the assets in a running order as also all other expenses incurred for the day to day running of the organisation, including establishment and administrative expenses, shall be classified as
1. Revenue expenditure
2. Capital expenditure
3. Major Expenditure
4. Contingent Expenditure
47. Pick the incorrect one
1. Expenditure on a temporary asset or on grants-in-aid cannot ordinarily be considered as a capital expenditure
2. Expenditure on a temporary asset or on grants-in-aid shall not, except in cases specifically authorised by the President on the advice of the C&AG, be debited to a Capital Head.
3. Capital expenditure is generally met from receipts of capital nature, as distinguished from ordinary revenues derived from taxes, duties, fees, fines and similar items of current income including extraordinary receipts.
4. Under no circumstances the Government shall meet capital expenditure from ordinary revenues.
48. Charges for re- placement of all wastage or depreciation of property originally provided out of capital grants shall be classified as
1. Revenue Expenditure
2. Capital Expenditure
3. Contingent Expenditure
4. At discretion of HoD
49. The cost of genuine improvements, which enhance the useful life of the asset whether determined by prescribed rules or formulae, or under special orders of Government, may be debited to
1. Revenue Expenditure
2. Capital Expenditure
3. Contingent Expenditure
4. At discretion of HoD
50. Expenditure on account of reparation of damage caused by extraordinary calamities such as flood, fire, earthquake, enemy action, etc., shall be charged to Capital, or to Revenue, or divided between them,  depending upon whether such expenditure results in creation/acquisition of new assets or whether it is only for restoring the condition of the existing assets, as may be determined case basis by
1. HoD
2. Government
3. Ministry of Finance
4. Accounts Office
51. The allocation between capital and revenue expenditure on a Capital Scheme for which separate Capital and Revenue Accounts are to be kept, shall be determined in accordance with such general or special orders as may be prescribed by the Government after consultation with the
1. CGA
2. CCA
3. C&AG
4. Niti Aayog
52. Capital receipts accruing during the process of construction of a project, shall be classified as
1. Revenue Receipt
2. Misc. Receipt
3. Contribution
4. reduction of capital expenditure
53. Receipts and recoveries on Capital Account in so far as they represent recoveries of expenditure previously debited to a Capital Major Head shall be taken in
1. reduction of capital expenditure
2. Revenue Receipt
3. Misc. Receipt
4. Contribution
54. State whether true or false Where loans outstanding against Public Sector Undertakings are proposed to be converted into equity investments in or as grants-in-aid to the Public Sector Undertakings, the approval of the Ministry of Finance to such proposals, shall be obtained by including a token provision in the relevant Demands for Grants or Supplementary Demands for Grants as may be found expedient.
1. True
2. False
55. For capital outlay provided otherwise (other than out of specific loan raised by the Govt.), interest shall be charged at the rate of interest to be determined each year by the
1. Department of Economic Affairs, Ministry of Finance.
2. Department of Expenditure, Ministry of Finance
3. Ministry of Trade & Commerce
4. Ministry of Corporate Affairs
56. As a convention, the period accepted by Central and State Governments for the re-audit of past transactions involving errors in classification
1. 2 years
2. 3 years
3. 5 years
4. 10 years
57. The Central Government (which includes Union Territories) and the State Governments have agreed under reciprocal arrangements not to prefer petty and isolated claims for an amount not exceeding
1. 5000/-
2. 7500/-
3. 10000/-
4. 15000/-
58. If a doubt arises as to whether a particular claim would fall within or outside the purview of the proposed arrangement between the Central Government (which includes Union Territories) and the State Governments, it shall be decided by
1. Central Govt.
2. State Governments concerned
3. mutual consultation
4. Parliament.
59. In the case of Projects, jointly executed by several Governments, where the expenditure is to be shared by the participating Governments in agreed proportions, but the expenditure is ab-initio incurred by one Government and shares of other participating Governments recovered subsequently shall be exhibited as
1. Revenue receipt
2. Misc. Revenue receipt
3. Misc. Deposit Receipt
4. abatement of charges
60. A five years’ contract shall be offered to the State Government during which the Central Government would pay the fixed sum per annum for the work, If the charges are found to be reasonable and do not exceed for any individual item (or connected group of items)
1. 10000/-
2. 25000/-
3. 50000/-
4. 100000/-
61. An annual statement of proposed charges from the State Government at the time of preparation of the Budget shall be necessary, if the amount agreed upon exceeds
1. 25000/-
2. 50000/-
3. 75000/-
4. 100000/-
62. Claims of State Governments, on account of the extra cost of agency functions entrusted to them under
1. Article 258
2. Article 259
3. Article 261
4. Article 263
63. The date up-to which Inter-Governmental adjustments can be carried out as the books of RBI for the month of March are closed on this very date
1. 7th April
2. 15th April
3. 20th May
4. 1st June
64. Recoveries of expenditure for services rendered or supplies made to non-Government parties or other Governments (including local funds and Governments outside India), shall in all cases, be classified as
1. Reduction of Expenditure
2. Receipts
3. Contribution
4. Misc. Deposit Receipt
65. When a Government undertakes a service merely as an agent of a private body, the recovery of entire cost of the service rendered shall be taken
1. Reduction of Expenditure
2. Receipts
3. Contribution
4. Misc. Deposit Receipt
66. State whether true or false Any relief in respect of payment for services rendered or supplies made to any outside body or fund shall ordinarily be given through a remission of dues rather than by grant-in-aid.
1. True
2. False
67. Pick the incorrect one
1. Half the maintenance charges pertaining to boarder/boundary line will be borne by the Central Government, the other half being recovered, as far as practicable, from the foreign country, failing which the foreign country’s share will also be borne by the Central Government.
2. Charges relating to demarcation of boundaries and boundary disputes will be borne by the Central Government under Entry 10 of the Union List, subject to such recovery as shall be made from the Foreign Country.
3. Where streams or other watercourses form the boundaries and where the ordinary principle of median line applies, the Government concerned will bear the cost of maintenance of the boundary line on its side.
4. The arrangement in (a) above i.e. bearing half the maintenance charges pertaining to boarder/boundary line, in its application to Nepal will be subject to special arrangements worked out in consultation with the Nepal Government.
5. The share of the Nepal Government for maintenance and demarcation of and disputes over boundaries will be borne by the Central Government for the present
68. For purposes of inter-Departmental payments, the Departments of a Government shall be divided into
1. Service departments and commercial departments
2. Work departments and non-work departments
3. General Departments and Economic departments
4. General, Social and Economic departments.
69. All claims shall ordinarily be preferred between Departments, both commercial and non-commercial of the Central Government, within the same financial year and not beyond
1. 2 years from the date of transaction.
2. 3 years from the date of transaction.
3. 5 years from the date of transaction.
4. 7 years from the date of transaction.
70. The settlement of inter-departmental adjustments shall be regulated by the directions contained in Chapter 4 of
1. R&P 1983
2. GAR,1990.
3. GFR, 2017
4. Treasury Rules
71. Between different Departments of the same Government, the recoveries effected for services rendered shall be classified as
1. Revenue Income
2. Misc. Income
3. Deposit Receipt
4. Deductions from the gross expenditure.
72. Recoveries made by a Commercial Department, e.g., Railways, Posts or a departmental commercial undertaking in respect of services rendered in pursuance of the functions for which the Commercial Department is constituted shall be treated as
1. receipts of the Department
2. deductions from the gross expenditure
3. grant to the department
4. deposit receipt
73. Where a commercial department acts as an agent for the discharge of functions not germane to the essential purpose of the Department, the recoveries shall be taken as
1. Revenue Income
2. Misc. Income
3. Reduction of expenditure
4. Deposit Receipt
74. Recoveries of fees for purchase, inspection, etc., effected by the Central Purchase Organizations (DGS&D) of Government of India, are treated as
1. receipts of the Department
2. deductions from the gross expenditure
3. grant to the department
4. deposit receipt
75. State whether true or false Recoveries effected from another Department of the same Government which are to be classified as deduction from the gross expenditure, shall be shown in the relevant Demand for Grant as “below the line” recovery under the appropriate Major Head of Account etc.
1. True
2. False
76. Fill in the blank In the case of Government Departments and undertakings declared as commercial, adjustment of Pensionary liability shall be made in the regular accounts by charging the average of the percentage for ___________ of service based on the rates of monthly contribution of prescribed pension
1. 10th years
2. 12th years
3. 15th years
4. 20th years

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August 13, 2023

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