Financial Rules Questions and Answers

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Financial Rules Questions and Answers

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Questions and Answers on General Financial Rules for Preparation

1. Registered suppliers are ordinarily exempted from furnishing –
(a) Bid Security
(b) Performance Security
(c) Post Performance Guarantee
(d) All of the above

2. Registered suppliers are approved for –
(a) A fixed period of one year
(b) A fixed period of three years
(c) A fixed period between one to three years depending on nature of goods
(d) All times to come.

3. Registered suppliers can be removed from the list, if they –
(a) Fail to abide by the terms and conditions of the registration or supply the goods on time
(b) Supply substandard goods
(c) Make any false declaration to any Government agency
(d) All of the above.

4. Ordinarily a Ministry or Department shall procure goods by following the standard method of obtaining bids in –
(a) Advertised Tender Enquiry
(b) Limited Tender Enquiry
(c) Single Tender Enquiry
(d) All of the above

5. Pension payments to Central Government pensioners are made out of-
(a) The Consolidated Fund of India
(b) Contingency Fund of India
(c) The Public Account of India
(d) The Pension Fund of India

6. Service pension payable in India may be drawn from –
(a) The Pay and Accounts Office responsible for payment of last dues
(b) Any other authorized office of disbursement
(c) Authorized Public Sector Banks
(d) All of the above

7. Provisional pension is payable by –
(a) The Pay and Accounts Office
(b) The Head of Office
(c) The Disbursing Officer
(d) The Accounts Officer

8. Under the scheme for simplification of Pension Payment Procedure, the responsibility for payment and accounting of pension has been taken over by –
(a) Central Pension Accounting Office
(b) The Pension Fund Regulatory and Development Authority
(c) The Accountant General
(d) The Public Sector Banks.

9. Payment of pension can be made only upon Pension Payment Order issued by –
(a) The Head of Office
(b) The Pay and Accounts Office
(c) The Accountant General
(d) None of the above

10. In case of commutation of pension, the reduced amount of pension and the date of commutation shall be noted on the Pension Payment Order by –
(a) The Accountant General
(b) The Disbursing Officer
(c) The Head of Office
(d) The authorised bank

11. In case of revision, a formal letter of amendment to the PPO shall be issued by –
(a) The PAO to the Accountant General through Treasury Officer
(b) The Treasury Officer to the PAO through Accountant General
(c) The Accountant General to the Treasury Officer through PAO
(d) The PAO to the Treasury Officer through Accountant General

12. Where pension is disbursed by a Public Sector Bank, the letter of amendment to PPO shall be issued by –
(a) The PAO
(b) The Accountant General
(c) The Treasury Officer
(d) The Bank

13. Pensions fixed at monthly rates (except for the month of March) is payable –
(a) On the last working day of the month to which they relate
(b) On the first working day of the next month
(c) On or after the last working day of the month to which they relate
(d) None of the above

14. Pension for the month of March shall be payable –
(a) On the last working day of the month of March
(b) On the first working day of the month of April
(c) On or after the last working day of the month of March
(d) On or after the first working day of the month of April

15. Where pensions are normally paid by cheques, it may, at the request of the pensioner, be paid in cash up to –
(a) Rs. 2,000 p.m.
(b) Rs. 3,500 p.m.
(c) Rs. 9,000 p.m.
(d) None of the above

16. A pensioner may receive pension through a representative on production of a life-certificate, in case –
(a) He is specially exempted by the orders of competent authority from personal appearance
(b) Of a female pensioner not accustomed to appear in public
(c) Of a pensioner unable to appear in consequence of bodily injury or infirmity
(d) All of the above.

17. A pensioner is not exempted from personal appearance if he produces a life-certificate signed by
(a) Sub-Inspector-in-charge of a Police Station
(b) An Inspector of Post Office
(c) A Block Development Officer
(d) A Principal of a private unaided School

18. A declaration of acceptance / non-acceptance of commercial employment within two years from the date of retirement is to be furnished by every retired class — I officer –
(a) Monthly
(b) Half-yearly
(c) Quarterly
(d) Yearly

19. Under rule ___________ a pensioner is required to intimate, of his own, the fact of his taking up employment / re-employment to the disbursing authority, immediately.
(a) Rule 353
(b) Rule 353-A
(c) Rule 354
(d) Rule 354-A

20. Provisional pension drawn by the Head Office may, if so desired by the pensioner, be paid by
(a) Bank Draft
(b) Postal Money Order
(c) Cheque
(d) Any of the above

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21. Rule 367 of the Treasury Rules deals with –
(a) Payment of commutation money
(b) Gratuities
(c) Periodical identification of pensioners
(d) Undrawn pensions and arrears

22. A pension remaining undrawn for more than _______ shall cease to be payable by the disbursing officer.
(a) Six months
(b) Twelve months
(c) Eighteen months
(d) Twenty four months

23. A disbursing officer can pay arrears of pension himself, if the amount of arrears does not exceed –
(a) Rs. 5,000
(b) Rs. 10,000
(c) Rs. 15,000
(d) Rs. 20,000

24. A service pension remaining undrawn for _________ or more may be resumed only with the authority of the Accountant General.
(a) Two years
(b) Three years
(c) Five years
(d) Six years

25. A statement of cases of failure to draw pensions, shall be submitted by every pension disbursing officer to the Accountant General concerned every __________.
(a) Month
(b) Three months
(c) Six months
(d) Year

26. Which office has been set up under the new scheme for simplification of Pension Procedure for payment of Central Civil Pensions.
(a) Central Pension Accounts Office
(b) Central Pension Accounting Office
(c) Central Pension Payment Office
(d) Central Pension Authorising Office

27. Pension Payment Orders of one District are general filed in ___________
(a) One series
(b) In different series
(c) One series with sub-series
(d) Filed as convenient by the disbursing officer

28. Who is authorised to renew Pension Payment Order without reference to the Accountant General –
(a) Disbursing Officer
(b) Head of the Office
(c) Accounts Officers
(d) Administrative Officer

29. Pension for the month of March is payable on or after the first working day of the succeeding month in terms Rule __________ of CTR, Vol. I.
(a) Rule 338
(b) Rule 339
(c) Rule341
(d) Rule 342

30. On receipt of intimation from the pensioner regarding his / her re-employment / employment, the disbursing officer shall suspend the payment of-
(a) Pension
(b) Relief on pension
(c) Both pension and relief
(d) None of the above

31. The disbursing officer must take special precaution against the fraudulent presentation of claim when a pensioner draws his pension through another person in terms of Rule _________ of CTR, Vol. I.
(a) Rule 357
(b) Rule 358
(c) Rule 359
(d) Rule 360

32. The payment of commuted value of a portion of pension can be made upon the authority issued by the ___________
(a) Accountant General
(b) Pay and Accounts Officer
(c) Head of the Office
(d) Disbursing Officer

33. Provisional Pension / Gratuity are drawn and disbursed by the __________
(a) Pay and Accounts Officer
(b) Head of the Office
(c) Disbursing Officer
(d) Accountant General

34. Payment of arrear of pension due in respect of a deceased pensioner are regulated in term of Rule ___________ of CTR, Vol. l.
(a) Rule 368
(b) Rule 369
(c) Rule 370
(d) Rule 371

35. What is the time period for the disbursing officer to submit the statement of cases of failure to draw pension to the Accountant General –
(a) Every month
(b) Every quarter of the year
(c) Half yearly
(d) Yearly

36. Rule 369 of CTR, Vol. I deals with cases related to –
(a) Payment of commutation money to the pensioner
(b) Payment of undrawn pension and arrear
(c) Payment of arrear of pension due in respect of a deceased pensioner
(d) Reports to be submitted to the Accountant General

37. Save as hereafter provided, bill presented by a departmental officer, personal claims preferred by a Government officer and all cheques tendered at the treasury or at an authorised office of disbursement shall be duly receipted for payments and stamped where necessary vide –
(a) Rule 131
(b) Rule 132
(c) Rule 133
(d) Rule 134-A

38. Bills requiring previous countersignature shall not be presented at a disbursing office before such countersignature has been obtained vide Rule ________ of CTRs, Vol. I
(a) Rule 141
(b) Rule 142
(c) Rule 143
(d) Rule 144

39. No Government Officer may issue duplicate or copies of bills or other documents for the payment of money which has already been paid, on the allegation that the originals have been lost in terms of Rule ___________ of CTRs, Vol. I
(a) Rule 145(1)
(b) Rule 146
(c) Rule 147
(d) Rule 148

40. “Appropriation” means the allotment of a particular sum of money by a competent authority from funds placed at his disposal, to meet specified expenditure as defined under Rule –
(a) Rule 2(a)
(b) Rule 2(b)
(c) Rule 2(c)
(d) Rule 2(e)

41. Nothing contained in sub-rule (2) shall empower any subordinate authority to sanction without previous consent of the any expenditure which involves the introduction of a new principle of practice likely to lead to increased expenditure in future –
(a) Head of Office
(b) Head of Department
(c) Administrative Department
(d) Finance Department

42. “Contingent Expenditure” means all incidental and other expenditure including expenditure on stores, which is incurred for the management of an office, for the working of technical establishment, such as, a laboratory, workshop, industrial installation, store depot and the like, but does not include any expenditure which has been specifically classified as falling under some other head of expenditure, such as, “Works”, “Stock”, “Tools” and “Plants” in terms of-
(a) Rule 7 (i)
(b) Rule 7(ii)
(c) Rule 7(iii)
(d) Explanation (i) below Rule 7(d)

43. The term “per annum in each case” in respect of recurring contingent expenditure means “each type of expenditure” e.g. if a subordinate authority is empowered to incur expenditure on repairs upto Rs. 1,000/- p.m. in each case, it would be competent for it to incur expenditure on repairs on any number of occasions during the year but subject to a limit of Rs. 1,000/- for that year as is evident from –
(a) Note (a) below Explanation (i) of Rule 7
(b) Note (b) below Explanation (i) of Rule 7
(c) Both the above
(d) None of the above

44. The term “each case” in respect of non-recurring contingent expenditure means “on each occasion”. If on a particular occasion, number of articles of furniture / stationery are to be purchases, the powers of the sanctioning authority should be reckoned with reference to the total value of articles of furniture / stationery to be purchased on that occasion, and not with reference to individual articles like tables, chairs, racks etc. Constituting the furniture or type paper, duplicating paper, carbon paper etc. constituting the stationery. Thus subordinate authority empowered to incur expenditure on the purchase of furniture / stationery to the extent of Rs. 1,000/- in each case, would be competent to purchase various articles of furniture / stationery not exceeding Rs. 1,000/- in value on each occasion as explained in –
(a) Note (a) below Explanation (i) of Rule 7
(b) Note (b) below Explanation (i) of Rule 7
(c) Both the above
(d) None of the above

45. provides that “Miscellaneous expenditure” means all expenditure other than expenditure falling under the category of “pay and allowances of Government servants”, “Leave salary”, “pensions”, “contingencies”, “grant-in-aid”, “contributions”, “works”, “stock”, “tools and plants” and the like –
(a) Rule 7(iii)(a)
(b) Rule 7(iii)(b)
(c) Rule 7(iii)(c)
(d) Explanation (ii) below Rule 7(d)

46. Under Schedule — I to the DFP Rules, 1995, the powers for according financial sanction are delegated to –
(a) Drawing & Disbursing Officer
(b) Head of Office
(c) Head of Department
(d) Department of Government

47. Specific powers for according financial sanction are delegated to certain Departments of Government, Heads of Departments and authorities subordinate to them vide ____ to the DFP Rules, 1995 –
(a) Schedule – IV
(b) Schedule – III
(c) Schedule – II(A)
(d) Schedule – II(B)