General Financial Rules 2017
1. Under which article of the Constitution all moneys received by or deposited with any officer employed in connection with the affairs of the Union in his capacity as such, other than revenues or public moneys raised or received by Government, shall be paid into the Public Account?
(A)Article 323-A
(B)Article 121
(C)Article 256-A
(D)Article 284
Ans: (D)Article 284
2. Which Rule of GFR 2017 contains “Delegation of Financial Powers”?
(A)Rule 17
(B)Rule 21
(C)Rule 23
(D)Rule 44
Ans: (C)Rule 23
3. General System of Financial Management is discussed in which chapter of GFR 2017?
(A)Chapter 2
(B)Chapter 3
(C)Chapter 4
(D)Chapter 5
Ans: (A)Chapter 2
4. As per which Rule of GFR 2017, all moneys
received by or on behalf of the Government either as dues of Government
or for deposit, remittance or otherwise, shall be brought into
Government Account without delay?
(A)Rule 13
(B)Rule 7
(C)Rule 21
(D)Rule 54
Ans: (B)Rule 7
5. As per GFR 2017, the financial powers of
the Government, which have not been delegated to a subordinate
authority, shall vest in?
(A)Parliament
(B)President of India
(C)Reserve Bank of India
(D)Finance Ministry
Ans: (D)Finance Ministry
6. When the maintenance of any rentable
building is entrusted to a civil department, other than the Central
Public Works Department, who among the following shall be responsible
for the due recovery of the rent thereof?
(A) Head of the office concerned
(B)Head of the Department concerned
(C)Accounts Officer at the Ministry
(D)Drawing and Disbursing Authority concerned
Ans: (B)Head of the Department concerned
7. Who among the following is responsible to
watch the realization of miscellaneous demands of Government, not
falling under the ordinary revenue administration, such as contributions
from State Governments, Local Funds, contractors and others towards
establishment charges?
(A)Accounts Officers
(B)Head of the Department
(C)Secretary in charge of Accounts Wing
(D)None of the above
Ans: (A)Accounts Officers
8. Under Rule 19 of GFR 2017, which Central
Government Department is exempted from submitting on the 1st of June to
the Audit Officer and the Accounts Officer concerned, statements showing
the remissions of revenue and abandonment of claims to revenue
sanctioned during the preceding year by competent authorities?
(A)Department of Expenditure
(B)Department of Telecom
(C)Department of Posts
(D)Department of Agriculture
Ans: (C)Department of Posts
9. Which among the following is/are correct as
contained in Chapter 2 of GFR 2017? 1. Amounts due to Government shall
not be left outstanding without sufficient reasons 2. Where such amounts
appear to be irrecoverable, the orders of the competent authority shall
be obtained for their adjustment 3. Unless specially authorized by any
rule or order made by competent authority, no sums shall be credited as
revenue by debit to a suspense head.
(A)1 only
(B)2 only
(C)1 and 3 only
(D)1, 2 and 3
Ans: (D)1, 2 and 3
10. Standards of financial propriety is mentioned in which Rule of GFR 2017?
(A)Rule 13
(B)Rule 17
(C)Rule 21
(D)Rule 20
Ans: (C)Rule 21
11. Expenditure from public moneys should not
be incurred for the benefit of a particular person or a section of the
people, unless?
(A)a claim for the amount could be enforced in a Court of Law
(B)the expenditure is in pursuance of a recognized policy or custom
(C)Both A or B
(D)None of the above
Ans: (C)Both A or B
12. Which among the following is not included in the Standards of financial propriety as contained in GFR 2017?
(A)Every
officer is expected to exercise the same vigilance in respect of
expenditure incurred from public moneys as a person of ordinary prudence
would exercise in respect of expenditure of his own money.
(B)The expenditure should not be prima facie more than the occasion demands
(C)Expenditure should never exceed the Budget allocation under any circumstances
(D)No
authority should exercise its powers of sanctioning expenditure to pass
an order which will be directly or indirectly to its own advantage
Ans: (C)Expenditure should never exceed the Budget allocation under any circumstances
13. Administrator or a Head of a Department
responsible for the collection of revenue shall keep who among the
following informed of all important variations in revenue collections as
compared with the Budget Estimates?
(A)President of India
(B)Parliament
(C)Reserve Bank of India
(D)Finance Ministry
Ans: (D)Finance Ministry
14. As per Rule 9 of GFR 2017, it is the duty
of the Department of the Central Government concerned to ensure that the
receipts and dues of the Government are correctly and promptly
assessed, collected and duly credited to the?
(A)Consolidated Fund
(B)Public Account
(C)Either A or B
(D)None of these
Ans: (C)Either A or B
15. Which among the following is/are the
duties and responsibilities of a controlling officer in respect of funds
placed at his disposal?
(A)that the expenditure does not exceed the budget allocation
(B)that the expenditure is incurred for the purpose for which funds have been provided
(C)that the expenditure is incurred in public interest
(D)All the above
Ans: (D)All the above
1. Petty losses of value not exceeding ____ need not be reported to the next higher authority?
(A)Rs.5000/-
(B)Rs.10,000/-
(C)Rs.20,000/-
(D)Rs.25,000/-
Ans: (B)Rs.10,000/-
2. Except in pursuance of the general
delegation made by, or with the approval of the President, a subordinate
authority shall not, without the previous consent of _____ issue an
order which involves any grant of land, or assignment of revenue, or
concession, grant, lease or licence of mineral or forest rights, or
rights to water, power or any easement or privilege of such concessions?
(A)President of India
(B)Finance Ministry
(C)Niti Aayog
(D)All the above
Ans: (B)Finance Ministry
3. A sanction for any fresh charge shall,
unless it is specifically renewed, lapse if no payment in whole or in
part has been made during a period of?
(A)Six months from the date of issue of such sanction
(B)12 months from the date of issue of such sanction
(C)24 months from the date of issue of such sanction
(D)36 months from the date of issue of such sanction
Ans: (B)12 months from the date of issue of such sanction
4. In cases of loss to Government on account of culpability of Government servants, the loss should be borne by?
(A)Central Government Department
(B)State Government concerned with the transaction
(C)Both A or B
(D)Government Employee Concerned
Ans: (C)Both A or B
5. If any recoveries are made from the erring Government officials in cash, the receipt will be credited to the?
(A)Central Government Department or the State Government who sustained the loss
(B)Contingent Expenditure Fund
(C)Unclassified Receipt Account
(D)Consolidated Fund of India
Ans: (A)Central Government Department or the State Government who sustained the loss
6. As per Rule 33 of GFR 2017, which among the
following losses need to be reported by the subordinate authority
concerned to the next higher authority as well as to the Statutory Audit
Officer?
(A)Loss above Rs.10,000/- even if the same has been made good by the party responsible for it
(B)refunds allowed on the ground that the claims were time-barred
(C)under
assessments which are due to interpretation of the law by the local
authority being overruled by higher authority after the expiry of the
time-limit prescribed under the law
(D)mistakes in assessments which are discovered too late to permit a supplementary claim being made
Ans: (A)Loss above Rs.10,000/- even if the same has been made good by the party responsible for it
7. In the case of which among the following,
the sanctioning authority may, where required, accord sanction by
signing or countersigning the bill or voucher, whether before or after
the money is drawn, instead of by a separate sanction?
(A)non-recurring contingent and miscellaneous expenditure
(B)Recurring contingent expenditure
(C)All financial sanctions
(D)Bills below Rs.5000/-
Ans: (A)non-recurring contingent and miscellaneous expenditure
8. As per Rule 34 of GFR 2017, all losses
above the value of _____ due to suspected fire, theft, fraud,etc., shall
be invariably reported to the Police for investigation as early as
possible?
(A)Rupees Fifty thousand
(B)Rupees Ten thousand
(C)Rupees One Lakhs
(D)Rupees twenty five thousand
Ans: (A)Rupees Fifty thousand
9. All financial sanctions and orders issued by a competent authority shall be communicated to the?
(A)Audit Officer
(B)Accounts Officer
(C)Both A and B
(D)None of these
Ans: (C)Both A and B
10. Report of loss contemplated under Rule 33 of GFR 2017 shall be made at how many stages?
(A)Five
(B)Three
(C)Two
(D)Only one
Ans: (C)Two
11. An officer shall be held personally
responsible for any loss sustained by the Government through fraud or
negligence on his part as per which Rule of GFR 2017?
(A)Rule 33
(B)Rule 41
(C)Rule 11
(D)Rule 37
Ans: (D)Rule 37
12. Orders sanctioning the creation of a temporary post should contain which among the following?
(A)sanctioned duration
(B)date from which it is to be created
(C)Both A and B
(D)None of these
Ans: (C)Both A and B
13. “Lapse of Sanctions” is mentioned in which Rule of GFR 2017?
(A)Rule 13
(B)Rule 30
(C)Rule 44
(D)Rule 21
Ans: (B)Rule 30
14. Subject to fulfilment of the provisions as
contained in the Delegation of Financial Powers Rules, all rules,
sanctions or orders shall come into force from?
(A)date of issue
(B)any other date from which they shall come into force is specified therein
(C)Either A or B
(D)None of these
Ans: (C)Either A or B
15. Copies of all sanctions or orders other than the following types should be endorsed to the Audit Officers?
(A)Sanctions relating to grant to advances to Central Government employees
(B)Sanctions relating to appointment or promotion or transfer of Gazetted and non-Gazetted Officers
(C)Sanctions of contingent expenditure incurred under the powers of Head of Offices
(D)All the above
Ans: (D)All the above
1. As per which Rule of GFR, a subordinate
authority shall not withhold any information, books or other documents
required by the Audit Officer or Accounts Officer?
Rule 40
Rule 13
Rule 55
Rule 32
Correct answer
Rule 40
2. Which among the following files may be sent personally to the Head of the Audit Office?
‘Secret’ and ‘Top Secret’ Files
Confidential Files
Personal Files
All the above
Correct answer
All the above
3. Which Chapter of GFR deals with Procurement of Goods and Services?
Chapter 4
Chapter 2
Chapter 6
Chapter 9
Correct answer
Chapter 6
4. As per Rule 143 of GFR, which items will not come under the purview of definition of Goods?
Furniture, Fixtures and raw materials
Books, Publications, Periodicals
intangible products like software, Patents
vehicles, aircraft, ships
Correct answer
Books, Publications, Periodicals
5. “Fundamental principles of public buying” is mentioned in which rule of GFR?
Rule 21
Rule 23
Rule 144
Rule 142
Correct answer
Rule 144
6. Which Fundamental principle is essential
for an authority delegated with the financial powers of procuring goods
in public interest ?
responsibility and accountability
fair and equitable treatment of suppliers
promotion of competition in public procurement
All the above
Correct answer
All the above
7. While making a public procurement, the description of the subject matter should not contain which of the following?
technical specifications
A particular trade mark, trade name or brand
quantity of goods to be procured
A complete schedule of procurement cycle
Correct answer
A particular trade mark, trade name or brand
8. Consider the following with regard to GFR
2017 and comment: Statement 1 – An authority which is competent to incur
expenditure may sanction the purchase of goods required for use in
public service in accordance with provisions in the Delegation of
Financial Powers Rules, Statement 2 – The Ministries or Departments have
been delegated full powers to make their own arrangements for
procurement of goods.
Statement 1 is only true
Statement 2 is only true
Both statements 1 and 2 are true
None of the above
Correct answer
Both statements 1 and 2 are true
9. Government e-Market place (GeM) is explained in which Rule of GFR 2017?
Rule 144
Rule 149
Rule 165
Rule 170
Correct answer
Rule 149
10. Which among the following is wrong with
regard to utilization of GeM portal by the Government buyers for direct
on-line purchases?
Up to Rs.50,000/- through any of the available suppliers on the GeM
Above Rs.50,000/- and up to Rs.30,00,000/- through the GeM Seller having lowest price amongst the available sellers
Above
Rs.30,00,000/- through the supplier having lowest price meeting the
requisite quality, specification and delivery period after mandatorily
obtaining bids
All the above
Correct answer
All the above
11. You can find “OPEX” model or “CAPEX” in?
FR and SR
GFR
Indian Penal Code
Financial Hand Book Volume I
Correct answer
GFR
12. Ministries/Departments shall workout their
procurement requirements as per their requirement/ suitability at the
time of preparation of Budget Estimates (BE)and shall project their
Annual Procurement Plan of goods and services on GeM portal within __ days of Budget approval?
90 days
60 days
30 days
10 days
Correct answer
30 days
13. The Government Buyers may ascertain the
reasonableness of prices before placement of order using the BA tools
available on GeM?
Business Assessment
Business Analytics
Business Analysis
Business Adjustment
Correct answer
Business Analytics
14. What is the validity period of registered suppliers in Government e-Marketplace?
1 to 5 years
3 to 5 years
1 to 3 years
2 to 5 years
Correct answer
1 to 3 years
15. A bidder shall be debarred if he has been convicted of an offence under?
under the Prevention of Corruption Act, 1988
the Indian Penal Code
any
other law for the time being in force, for causing any loss of life or
property or causing a threat to public health as part of execution of a
public procurement contract
All the above
Correct answer
All the above
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