MULTIPLE CHOICE QUESTIONS ON RAILWAY AUDIT

 

                                                                      ●                     MCQ on Railway Audit  

S.No	Multiple Choice Questions	Answer
1.	C&AG is stands for ____________ A.    Controller & Auditor General   B.     Comptroller & Auditor General C.     Controller & Accountant General D. Comptroller & Accountant General	B
2.	Audit functions are derived from Articles _______ of Constitution of India A.    148 to 151 B.     121 to 124 C.     248 to 251 D.    221 to 224	A
3.	Railway Audit is separated from Accounts in the year ______ A.    1924   B.     1929 C.     1921 D.    1950	B
4.	Scope and extent of Railway Audit is determined by ________ A.    Member(Finance)  B.     Chairman, Railway Board C.     Parliament of India D.    Comptroller & Auditor General of India	D
5.	Audit is a ____________ function in Government of India A.    Management B.     Auditing	C

 

	C.     Constitutional D.    Accounting
6.	_________ controls Audit functions at Apex level in Railway Board A.    Dy.C&AG (Railways) B.     C&AG C.     Auditor General D.    Addl. Dy.C&AG (Railways)	A
7.	______________ is the Head of Audit Dept at Zonal Railway level. A.    Director-General/Principal Director of Audit  B.     Principal Financial Adviser C.     Principal Audit Adviser D.    Chief Auditor	A
8.	Which one of these is incorrect A.    Audit is independent B.     Presents a free and fair view of events C.     Constitutional requirement D.    Ensures check of financial transactions under the supervision of PFA	D
9.	Article 148 of the Constitution provides that the C A G shall be appointed by the President under his hand seal and shall only be removed from office in like manner and on the like ground as a ____________. A.    Judge of the Supreme Court B.    Governor of the State C.   Vice President of India D.   Speaker of the Lok Sabha	A

 

10.	Accountancy Audit deals with _________ A.    Check the accuracy, all payments are supported by relevant vouchers. B.    check that expenditure and receipts are properly classified C.   to check that expenditure is according to prescribed rules D.   None of these	A
11.	Appropriate audit deals with _________ A.    Check the accuracy, all payments are supported by relevant vouchers. B.    check that expenditure and receipts are properly classified C.   to check that expenditure is according to prescribed rules D.   None of these	B
12.	Administrative audit- to check that expenditure is according to prescribed rules A.    Check the accuracy, all payments are supported by relevant vouchers. B.    check that expenditure and receipts are properly classified C.   to check that expenditure is according to prescribed rules D.   None of these	C
13.	What is the correct order of Audit objections?  A.    Part II Inspection Report/Audit Notes, Draft Observation Slips, Part I Inspection Report/Audit Notes, Special Letter, Provisional Para, Draft Para, Audit Para B.     Draft Observation Slips, Part I Inspection Report/Audit Notes, Part II Inspection Report/Audit Notes, Special Letter, Draft Para, Provisional Para, Audit Para C.     Draft Observation Slips, Part II Inspection Report/Audit Notes, Part I Inspection Report/Audit Notes, Special Letter, Draft Para, Provisional Para, Audit Para D.    Draft Observation Slips, Draft Para, Part II Inspection Report/Audit Notes, Part I Inspection Report/Audit Notes, Special Letter, Provisional Para, Audit Para	C

 

14.	Prior to the inclusion of Para in the Audit Report, PDA sends ______ to the G.M, endorsing advance copies with connected correspondence simultaneously for the PFA and the respective PHOD   A.    Draft Para B.    Provisional Para C. Audit Para D. Draft Observation Slip r the FA&CAO and the respective PHOD	A
15.	Time limit for reply to Draft para is ___________ A.    Eight Weeks B.     Six Weeks C.     Four Weeks D.    Two Weeks	B
16	Time limit for reply to Provisional para is ___________ E.     Eight Weeks F.      Six Weeks G.    Four Weeks H.    Two Weeks	D
17	Reply to Draft Para must be ________ by PFA. A.    Concurred B.     Vetted C.     Approved  D.    Sanctioned	B
18	If Audit is not satisfied with the reply furnished by Railway administration, the Draft Para converts into ________. A.    Provisional Para B.     Audit Para C.     Interim Para D.    Observation Para	A

 

19	If Audit is not satisfied with the reply furnished by Railway administration, the Provisional Para converts into ________. and becomes part of the Annual Report of CAG A.    Provisional Para B.     Audit Para C.     Interim Para D.    Observation Para	B
20	At ______ stage, responsibility is fixed at the Officers’ level A.    ATR - Action Taken Report B.     ATS - Action Taken Statement C.     ATN - Action Taken Notes D.    None of these	C
21	PAC obtains personal evidence of ___________in important Audit Paras.   A.    Sr. Officers like  GMs, Board members B.     Dealing staff of the Audit objections C. Dealing Officers of the Audit Objections D. Branch Officers at Divisional Level
22	In respect of PAC examining the Government Accounts, the following are the stages in order from beginning to end A.    ATR - Action Taken Report, ATS - Action Taken Statement, ATN - Action Taken Notes B.     ATS - Action Taken Statement, ATR - Action Taken Report, ATN - Action Taken Notes C.     ATR - Action Taken Report, ATN - Action Taken Notes, ATS - Action Taken Statement,  D.    ATN - Action Taken Notes, ATR - Action Taken Report, ATS - Action Taken Statement,	D
23	The __________ is the "friend, philosopher and guide of the PAC" while attending the sittings of the Committee and assists it in its deliberations while examining the Government Accounts.	B
	A.    Member/Finance B.     C&AG C.     Auditor General of India D.    Chairman, Railway Board & CEO