LOWER
Introduction to the Indian Government Accounts and Audit (Paper III)
Medium of Question: English
Date of Examination 24-03-2019
1:-Statement of facts relating to money or things having money value are called ________.
A:-Balance sheet
B:-Profit
C:-Dividend
D:-Accounts
Correct Answer:- Option-D
Question2:-Audit is an instrument of _________.
A:-Financial Expenditure
B:-Financial Fraud
C:-Financial Control
D:-Financial Extravagance
Correct Answer:- Option-C
Question3:-Article 149 of the constitution of India envisaged an Act of Parliament to regulate the duties and powers of ________.
A:-Chief Minister
B:-Prime Minister
C:-Accountant General
D:-C and AG of India
Correct Answer:- Option-D
Question4:-State share of GST Amount collected by State Government forms a part of the ________ of the state.
A:-Public Accounts
B:-Contingency Funds
C:-Consolidated funds
D:-None of the above
Correct Answer:- Option-C
Question5:-The contingency fund of the state will be at the disposal of the _________.
A:-Chief Minister
B:-State Finance Minister
C:-President of India
D:-Governor of the State
Correct Answer:- Option-D
Question6:-The method of maintaining the Governments daily cash balance at a level sufficient to meet its day-to-day requirement is termed as
A:-Budget
B:-Wages and means
C:-Cash credit
D:-Public Account
Correct Answer:- Option-B
Question7:-Efficiency-cum-performance audit is a function of the _______.
A:-Finance Department
B:-Chartered Accountant
C:-The C and AG of India
D:-None of the above
Correct Answer:- Option-C
Question8:-The currency of India consist of coins issued under the Indian Coinage Act ________.
A:-1806
B:-1946
C:-1906
D:-2006
Correct Answer:- Option-C
Question9:-Bank notes issued by ________ are legal tender through out India.
A:-Government
B:-State Bank of India
C:-Nationalised Banks
D:-Reserve Banks of India
Correct Answer:- Option-D
Question10:-The Rupee is legal tender up to _________.
A:-One crore
B:-Any amount
C:-One Rupee
D:-Ten Rupees
Correct Answer:- Option-B
Question11:-One Rupee notes are issued by the _________.
A:-RBI
B:-SBI
C:-Central Government
D:-State Government
Correct Answer:- Option-C
Question12:-Article _________ of the constitution deals with stamp duties and duties of excise on medical and toilet preparations.
A:-268
B:-286
C:-184
D:-19
Correct Answer:- Option-A
Question13:-As per Article __________ of the constitution a percentage of the net proceeds of Income Tax is Assigned to the states.
A:-250
B:-270
C:-240
D:-170
Correct Answer:- Option-B
Question14:-In India period of Accounts is __________.
A:-1st January to 31st December
B:-1st April to 31st March
C:-1st March to 30th April
D:-None of the above
Correct Answer:- Option-B
Question15:-The State Government Accounts are kept on _________ Basis.
A:-Fund
B:-Adjustment
C:-Mercantile
D:-Cash
Correct Answer:- Option-D
The mass of the Government accounts being on cash basis is kept on Single Entry
Question16:-The expenditure made with the object of increasing concrete assets of material character is termed as _________ expenditure.
A:-Revenue
B:-Capital
C:-Debt
D:-None of above
Correct Answer:- Option-B
Question17:-The transit pay and allowance of a Government servant proceeding to join an office on transfer be debited to the office to which he is ________.
A:-Proceeding
B:-Relieved
C:-Attached
D:-None of above
Correct Answer:- Option-A
Question18:-The Travelling allowance of a Government Servant shall be debited to the _________.
A:-Capital Head
B:-Debt Head
C:-Same Head as Pay
D:-None of the above
Correct Answer:- Option-C
Question19:-The cost of land taken up by acquisition shall be debited to ________.
A:-Revenue Expenditure
B:-Suspense Accounts
C:-The Department for which it is acquired
D:-None of the above
Correct Answer:- Option-C
Question20:-Municipal rates and taxes on Government buildings paid by PWD may be debited to the ________ of the building concerned.
A:-Capital
B:-Revenue
C:-Maintenance Estimate
D:-None of the above
Correct Answer:- Option-C
Question21:-Railways is a Department recognized by the Central Government as _______.
A:-Service
B:-Official
C:-Commercial
D:-None of the above
Correct Answer:- Option-C
Question22:-As a general rule recoveries from private persons be treated as __________ and not as deduction from expenditure.
A:-Capital expenditure
B:-Loss
C:-Revenue
D:-Profit
Correct Answer:- Option-C
Question23:-The acceptance of counterfeit coins or notes shall be regarded a _________ of cash.
A:-Expenditure
B:-Loss
C:-Income
D:-Revenue
Correct Answer:- Option-B
Question24:-The Banking business agreement between the Rajapramukh of Travaneore-Cochin and the Reserve Bank of India was made on _________.
A:-30/06/1947
B:-30/06/1952
C:-30/06/1958
D:-None of the above
Correct Answer:- Option-B
Question25:-Enforcing economy in the expenditure of public moneys is the responsibility of _______.
A:-Accountant General
B:-Finance Minister
C:-Executive Government
D:-None of the above
Correct Answer:- Option-C
Question26:-Audit against _______ ensures rule of law in Governmental Expenditure.
A:-Propriety
B:-Regularity
C:-Economy
D:-Efficiency
Correct Answer:- Option-B
Question27:-The Audit will scurting the Rules and orders to see that they are not in consistant with any provisions of the ________.
A:-Accountant general
B:-Audit rules
C:-Constitution
D:-None of the above
Correct Answer:- Option-C
Question28:-The Audit will investigate the necessity of Government Expenditure in _______ Audit.
A:-Economy Audit
B:-Propriety Audit
C:-Annual Audit
D:-Statutory Audit
Correct Answer:- Option-B
Question29:-_________ is the practical systematic management of the affairs of a project or scheme which assures minimum operating cost for carrying out functions and responsibilities.
A:-Management
B:-Administration
C:-Performance
D:-Economy
Correct Answer:- Option-D
Question30:-The Audit of the initial accounts maintained in Certain Government Institutions and offices on the spot is called _________.
A:-Annual Audit
B:-Internal Audit
C:-Local Audit
D:-None of the above
Correct Answer:- Option-C
Question31:-Surpluses of State Commerical Enterprise is an example of __________.
A:-Non-Tax Revenue
B:-Direct Revenue
C:-Extra Revenue
D:-None of the above
Correct Answer:- Option-A
Question32:-The Statutory authority to conduct receipts audit is _________.
A:-Finance Department
B:-Finance Minister
C:-The C and AG
D:-None of the above
Correct Answer:- Option-C
Question33:-Wealth Tax is an example of ________.
A:-Capital Gain
B:-Indirect tax
C:-Direct tax
D:-Revenue receipt
Correct Answer:- Option-C
Question34:-Interpretation of law is a _______ function.
A:-Tough
B:-Statutory
C:-Administrative
D:-Judicial
Correct Answer:- Option-D
Question35:-It is not the duty of _________ to review a Judicial decision.
A:-Government
B:-Minister
C:-Audit
D:-None of the above
Correct Answer:- Option-C
Question36:-Re appropriation from one grant or appropriation to another grant or appropriation are _________.
A:-Permissible
B:-Not permissible
C:-Government can decide
D:-None of the above
Correct Answer:- Option-B
Question37:-For purposes of Public works administration state is generally divided into _________.
A:-Circles
B:-Corporations
C:-Villages
D:-None of above
Correct Answer:- Option-A
Question38:-The list of labourers employed daily on work is recorded in _________.
A:-Wage sheet
B:-Attendance sheet
C:-Muster roll
D:-None of the above
Correct Answer:- Option-C
Question39:-__________ is an initial account in the public works department which is the basis of all accounts of quantities.
A:-Measurement book
B:-Goods received sheet
C:-Stock Account
D:-Cash book
Correct Answer:- Option-A
Question40:-___________ records in detail the cash, stock and other charges on each work.
A:-Stores Account
B:-Monthly Account
C:-Works Abstract
D:-None of the above
Correct Answer:- Option-C
Question41:-A properly detailed estimate is prepared for each work to be sanctioned by the competant authority. This sanction is known as ___________.
A:-Estimate sanction
B:-Technical sanction
C:-Works sanction
D:-None of the above
Correct Answer:- Option-B
Question42:-________ comprise those articles of stationery, furniture, office equipment etc which are required for the administrative purpose of an office.
A:-Stock
B:-Stores
C:-Unpriced articles
D:-None of the above
Correct Answer:- Option-C
Question43:-In Kerala the General Provident Account of Government Servants are maintained by _______.
A:-The Finance Department
B:-Department Head
C:-Accountant General (A and E)
D:-Accountant General (Audit)
Correct Answer:- Option-C
Question44:-________ is responsible for examining the accounts returns of the sub-divisional officers.
A:-Assistant Engineer
B:-Executive Engineer
C:-Head Clerk
D:-Divisional Accountant
Correct Answer:- Option-D
Question45:-To decide the method of charging depreciation the executive will consult ________.
A:-Audit
B:-Government
C:-Engineer
D:-None of above
Correct Answer:- Option-A
Question46:-The interest charges on capital outlay are classified ordinarily under the _______ of account.
A:-Interest Head
B:-Loan Head
C:-General Head
D:-None of the above
Correct Answer:- Option-C
Question47:-The term _________ applies generally to all articles and materials purchased for use of Government.
A:-Stores
B:-Stocks
C:-Materials
D:-None of the above
Correct Answer:- Option-A
Question48:-The Leave Accounts of Gazetted Government Servants are maintained by the ________.
A:-Head of office
B:-Head of department
C:-Accountant general
D:-None of the above
Correct Answer:- Option-C
Question49:-Whenever there is a change of any kind in emoluments of a Gazetted Government Servant _________ is issued by the Accountant General.
A:-Stop memo
B:-A fresh pay slip
C:-Pay order
D:-None of the above
Correct Answer:- Option-B
Question50:-_________ includes regulation and authorisation of pay and allowances of Gazetted officers by Accountant General.
A:-Audit Function
B:-Entitlement Function
C:-Payment Function
D:-None of the above
Correct Answer:- Option-B
Question51:-DCRG is payable to a Government Servant on his _________.
A:-Suspension
B:-Resignation
C:-Transfer
D:-Retirement
Correct Answer:- Option-D
Question52:-When both pension and family pension have been reported _______ is issued by the Accountant General.
A:-Pension payment order
B:-Commutation order
C:-Joint pension payment order
D:-None of the above
Correct Answer:- Option-C
Question53:-Pension payment orders are issued both to the pensioner and to the _________.
A:-Government
B:-Family
C:-Head of office
D:-Treasury
Correct Answer:- Option-D
Question54:-Receipt and Payment of money to consolidated fund and public account is regulated by Article _________ of the constitution.
A:-238
B:-283
C:-328
D:-327
Correct Answer:- Option-B
Question55:-________ keeps two separate accounts of cash transactions undertaken by it on behalf of State Government and Central Government.
A:-Reserve Bank
B:-State Bank
C:-Bank of India
D:-Indian Bank
Correct Answer:- Option-A
Question56:-The Accounts maintained by Commercial undertakings of Government to get the operation results is called __________.
A:-Commercial Accounts
B:-Final Accounts
C:-Ledger Accounts
D:-Proforma Accounts
Correct Answer:- Option-D
Question57:-The State Water Transport Department is a ________ department for Accounting Purpose.
A:-Transport
B:-Service
C:-Commercial
D:-None of the above
Correct Answer:- Option-C
Question58:-The accounts of Government, kept in India shall be maintained in __________.
A:-Rupee
B:-Sterling
C:-Indian Currency
D:-None of the above
Correct Answer:- Option-C
Question59:-The Government accounts shall be kept in _________ parts.
A:-Two
B:-Ten
C:-Four
D:-Three
Correct Answer:- Option-D
Question60:-The three main division of consolidated fund are (i) Revenue (ii) Capital (iii) _______
A:-Deposits
B:-Cash
C:-Bank Balance
D:-Debt
Correct Answer:- Option-D
Question61:-The main unit of classification in the accounts shall be ________.
A:-Account
B:-Major Head
C:-Detailed Head
D:-None of the above
Correct Answer:- Option-B
Question62:-The change of nomenclature of any of the existing heads shall require the approval of the __________.
A:-Chief Minister
B:-Legislature
C:-C & AG
D:-None of the above
Correct Answer:- Option-C
63:-Expenditure which under the provisions of the Constitution is subject to the vote of the Legislature is called ____________ Expenditure.
A:-Charged
B:-Budget
C:-Sanctioned
D:-Voted
Correct Answer:- Option-D
Question64:-The Indian Audit and Account order was issued during ___________.
A:-1946
B:-1947
C:-1936
D:-1935
Correct Answer:- Option-C
Question65:-Expenditure for purchase of computers are __________ expenditure.
A:-Electronic
B:-Capital
C:-Revenue
D:-None of the above
Correct Answer:- Option-C
Question66:-Expenditure by Government on Grants-In-Aid to Local Bodies for the purpose of creating assets are ____________ expenditure.
A:-Local Fund
B:-Fixed
C:-Revenue
D:-Capital
Correct Answer:- Option-C
Question67:-Expenditure incurred by Government for reducing recurring liabilities are _________ Expenditure.
A:-Capital
B:-Proforma
C:-Charged
D:-Revenue
Correct Answer:- Option-A
Question68:-Expenditure on additions and improvements of a project are __________ Expenditure.
A:-Charged
B:-Capital
C:-Revenue
D:-None of the above
Correct Answer:- Option-C
Question69:-Rents recovered on account of buildings by departments should be treated as _________ receipt of the Department.
A:-Income
B:-Rent income
C:-Revenue
D:-Capital
Correct Answer:- Option-C
Question70:-A contribution paid by a private party with the object of meeting the cost of construction by the PWD should be credited as ___________.
A:-Capital Receipt
B:-Donation Receipt
C:-Contribution Receipt
D:-Revenue Receipt
Correct Answer:- Option-D
Question71:-Refunds of Revenue shall be taken __________ of the revenue receipts under the major head concerned.
A:-As addition
B:-As increase
C:-In reduction
D:-None of the above
Correct Answer:- Option-C
Question72:-Money advanced for miscellaneous purposes under special authority and recoverable in cash shall be adjusted under the head __________.
A:-Loans
B:-Debts
C:-Credits
D:-None of the above
Correct Answer:- Option-D
Question73:-Commercial Departments should be _________ for office accommodation supplied by PWD.
A:-Paid
B:-Credited
C:-Charged
D:-None of the above
Correct Answer:- Option-C
Question74:-If a receipt claim be __________, the value of the claim shall not be recorded on the expenditure side as a specific loss.
A:-Collected
B:-Paid
C:-Omitted
D:-Relinquished
Correct Answer:- Option-D
Question75:-If money due to Government has actually reached a Government servant and is then stolen it should be brought as a ___________ into the Government Fund first. A:-Loss
B:-Gain
C:-Receipt
D:-None of the above
Correct Answer:- Option-C
Question76:-When the cost of land was originally debited to capital account its sale proceeds should be __________account.
A:-Debited to capital
B:-Credited to capital account
C:-Credited to Revenue
D:-Debited to revenue account
Correct Answer:- Option-B
Question77:-All losses of ________ should be recorded under separate heads in the accounts.
A:-Land
B:-Buildings
C:-Assets
D:-Cash
Correct Answer:- Option-D
Question78:-Coins are issued under section __________ of the Indian Coinage Act, 1906.
A:-14
B:-17
C:-24
D:-34
Correct Answer:- Option-A
Question79:-The 50 paise coins is legal tender for any sum not exceeding __________ Rupees.
A:-100
B:-1000
C:-10
D:-50
Correct Answer:- Option-C
Question80:-A loss of cash which is written off should be debited as __________ of the department concerned.
A:-Loss charge
B:-Expenditure charge
C:-Contingent charge
D:-Administration charge
Correct Answer:- Option-C
Question81:-An over payment of pay shall be debited to the head __________.
A:-Advance
B:-Allowance
C:-Debit
D:-None of the above
Correct Answer:- Option-D
Question82:-Government of India gives plan grants to the states as per article __________ of the Constitution.
A:-275
B:-269
C:-282
D:-None of the above
Correct Answer:- Option-C
Question83:-It is the duty of the ___________ to make recommendations regarding the distribution of Income Tax and Union excise duties.
A:-Accountant General
B:-C & AG
C:-President of India
D:-Finance Commission
Correct Answer:- Option-D
Question84:-The _______ constitutes the Finance Commission under Article 280 of the Constitution.
A:-Parliament
B:-President
C:-Prime Minister
D:-Union Finance Minister
Correct Answer:- Option-B
Question85:-The Budget Estimates of Defence are prepared by the ________ of Defence services.
A:-Major General
B:-Air Marshall
C:-Commodore
D:-Financial Adviser
Correct Answer:- Option-D
Question86:-Receipt of money from the public and department officers for credit to Government is the function of _________.
A:-Cashier
B:-Bank
C:-RBI
D:-Treasury
Correct Answer:- Option-D
Question87:-The ________are not required to compile the transactions occurring with them.
A:-Sub-divisions
B:-Sub-treasuries
C:-Rural Treasuries
D:-None of the above
Correct Answer:- Option-B
Question88:-The fundamental object of audit is to secure real value for the ___________.
A:-Revenue collected
B:-Profit made
C:-Tax payer's money
D:-None of the above
Correct Answer:- Option-C
Question89:-Central Audit is by and large ________ Audit.
A:-Cash and Bank
B:-Cash and Accounts
C:-Accounts and ledger
D:-Regularity and Propriety
Correct Answer:- Option-D
Question90:-The Statutory Authority for Audit of Receipts is __________.
A:-Government
B:-Finance Department
C:-C and AG
D:-None of the above
Correct Answer:- Option-C
Question91:-Irrigation receipts is a __________ receipts.
A:-Tax
B:-Cess
C:-Capital
D:-Non-Tax
Correct Answer:- Option-D
Question92:-A regular accounting of demands, collection and refunds are required for ____________.
A:-Capital Expenditure
B:-Revenue Expenditure
C:-Revenue Receipts
D:-None of the above
Correct Answer:- Option-C
Question93:-The Finance Accounts of the Central Government are prepared by ____________.
A:-C & A.G
B:-Accountant General-Central Revenues
C:-Government of India
D:-None of the above
Correct Answer:- Option-B
Question94:-The Accounts of Government are based in the main on the _________ system.
A:-Double Entry
B:-Single Entry
C:-Multiple Entry
D:-None of the above
Correct Answer:- Option-B
Question95:-Period of accounts of Government is fixed by _____________.
A:-C & AG
B:-Union Government
C:-Audit and Accounts order 1936
D:-None of the above
Correct Answer:- Option-C
Question96:-In case of _____________ the assets produced should belong to the authority incurring the expenditure.
A:-Government Expenditure
B:-Capital Expenditure
C:-Revenue Expenditure
D:-None of the above
Correct Answer:- Option-B
Question97:-The Committee constituted for examining the Accounts and Audit Reports is called
A:-Estimates Committee
B:-Works Committee
C:-Public Accounts Committee
D:-None of the above
Correct Answer:- Option-C
Question98:-_____________ is precluded from examination and investigation of matters of day-to-day administration.
A:-Works Committee
B:-Government Committee
C:-Committee on Public undertakings
D:-None of the above
Correct Answer:- Option-C
Question99:-The Tenure of Estimates Committee is ___________ year.
A:-5
B:-3
C:-2
D:-1
Correct Answer:- Option-D
Question100:-The C & AG of India is regarded as a _________ of the Committees on Public Accounts and Public undertakings.
A:-Advisor
B:-Authority
C:-Friend, Philosopher and Guide
D:-None of the above
Correct Answer:- Option-C
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