GFR 2017 MCQ QUIZ - 1

gfr 2017 mcq for ldc exam, general financial rules 2017 quiz based on multiple choice quesion

GFR 2017 MCQ QUIZ - 1

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1. The Consolidated Fund of India is defined under which Article of the Constitution?

(a) Article 266 (1)
(b) Article 267 (1)
(c) Article 268 (1)
(d) Article 269 (1)

2. How is the financial year defined in the General Financial Rules?

(a) 1st July to 30th June
(b) 1st November to 31st October
(c) 1st January to 31st December
(d) 1st April to 31st March

3. Which Ministry has the powers to modify the systems and procedures established by the General Financial Rules?

(a) Ministry of Defence
(b) Ministry of Finance
(c) Ministry of Law
(d) Ministry of Corporate Affairs

4. What are the standards of financial propriety which should be observed by an officer with regard to expenditure and payment of money from public funds?

(a) The expenditure should not be prima facie more than the occasion demands
(b) Every officer should 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
(c) No authority should exercise its powers of sanctioning expenditure to pass an order which will be directly or indirectly to its own advantage
(d) All the above

5. The financial powers of the Government, which have not been delegated to a subordinate authority, shall vest in the—

(a) Home Ministry
(b) Finance Ministry
(c) Ministry of Personnel and Training
(d) Ministry of External Affairs

6. Who is responsible in case the expenditure exceeds the budget allocation?

(a) Accounts Officer-in-charge of the budget
(b) Controlling Officer
(c) Head of Office
(d) Assistant-in-charge of budget expenditure

7. What are the responsibilities of a Controlling Officer with regard to budget allocation?

(a) To ensure that the expenditure does not exceed the budget allocation
(b) To ensure that the expenditure should be incurred for the purpose for which funds have been allotted
(c) To formulate adequate control mechanism to detect errors and irregularities and guard against waste and loss of public money
(d) All the above

8. Of the following, identify the sanctions which need not be endorsed toAudit Officer.

(a) Sanctions relating to grant of advances to employees
(b) Sanctions relating to appointment or promotion or transfer of Gazetted and non-Gazetted officers
(c) Sanctions relating to creation of posts
(d) All the above

9. To whom should a report regarding loss or shortage of public moneys, departmental revenue, stamp, opium, stores, etc. be made by any subordinate authority?

(a) Statutory Audit Officer
(b) Next higher authority
(c) Principal Accounts Officer
(d) All the above

10. What is the monetary limit of petty losses which need not be reported to the next higher authority?

(a) 20,000
(b) 15,000
(c) 10,000
(d) 5,000