MCQ ON BOOKS & BUDGET

BOOKS & BUDGET

1.     Head wise Appropriation Accounts is prepared in

a)     Units of Rupees b) Thousands of Rupees c) Lakhs of Rupees

2.     PB is accounted in Demand No

a)     03 General Sudpt and services b) 11 Staff Welfare c) 12 Misc Working Expenditure

3.     Railway expenditure is divided in to ------- Demands

a)     16 b) 12 c) 14

4.     The Revenue expenditure is classified in to

a)     01-15 b) 03-13 c) 01-16

5.     The expenditure of RB is allocated to Demand No

a)     02 b) 03 c) 01

6.     The Railway Budget is discontinued from the year

a)2015 b) 2016 c) 2017

      7.  The Parliamentary control over Railway finances is by

            a) Public Accounts Committee b) Parliament c) Estimates Committee d) all the three

      8.  D F in Railway Funds sources is

           a) Dedicated Facility b) Depreciation Fund c) Development Fund

      9.  when an aged asset is replaced it is charged to

           a) DRF b) SRSF c) RRSK

     10. Unremunerative railway works are charged to

           a) Development Fund b) DRF c) Capital

     11. Govt of India accounts are in

           a) One part b) three parts c) four parts

     12. Indian Railway accounts are

           a) Commercial b) finance (Govt) c) both commercial and Govt

     13. Railway accounts are maintained on the basis of

           a) Cash basis b) accrual basis c) double entry book keeping

     14. Internal auditing is done by

           a) Audit officer b) accounts officer c) DRM

     15. Audit objections are raised by

           a) Accounts Office b) Audit Office c) Inspection Section of Accounts Office

     16. Test Audit Notes are issued by

           a) AuO b) AO c) FA&CAO

     17. External audit is done by

           a) Audit Office b) Accounts Office c) Charted Accountant

     18. The first review of finance is done in

            a) August Review b) Revised Estimates c) First Modification

     19. Final Modification is prepared in the month of

          a) April  b) January c) December

     20. Railway budgeting is based on

          a) gross b) net  c) cash

     21. Demands for Grants is prepared in

          a) Demand wise b) sub head wise c) Primary Unit wise d) all these

     22.   Railway Earnings are classified in to

            a) 5  b) 3 c) 4

     23.  Railway Expenditure is

            a) Voted b) Charged c) both

    24.  Public Accounts Committee is constituted

           a) annual b) two years c) five years

    25. Railway Convention Committee is constituted

          a) Annual b) five years c) three years