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

 

 

 

 Congratulations to the successful aspirants (in the written examination) of the 70% AFA selection in Southern Railway.

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REPEAT QUESTIONS FOR GRP 2022

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BOOKS &BUDGET

Consolidated Fund In India 2016

Remittance into Bank 2016

Cheques&Bills 2016

Estimates Committee

Public Accounts Committee

Railway Convention Committee 2016

Demands for Grants 2016

Role and Scope of External Auditor ,2016

Budget for expenditure various stages of its review 2016

Demands Payable 2006

Various Funds in the Railways source and uses 2006

Operating Surplus ,2004

Block Account 2004

Account Current 2004

What is appropriation to DRF at present on what basis it's done is the contribution is adequate 2004

Genesis of the newly created Special Railway Safety Fund.  how the balance accrue, 2001

Exchequer control 1999

Analyse causes for increase in recoverable dues in recent years what do you propose to reduce these out standings in detail 1999

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ESTABLISHMENT, P G & PENSION.

Next Below Rule 2006, 2001

Scale Check Register2006

Personal Pay, 2004

Various types of Pensions.  Explain in detail the procedure for sanction and disbursement of superannuation Pension 2001

Procedure for budgeting receipt and accountal of pension debits in the railways.  Has computerisation has improved 2001

Post Check System 1999

Objectionable Items Register 1999

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GENERAL EXPENDITURE

Urgency Certificate 2006.2004

Merits and Demerits of Single Set of Works Registers as against Double Set 1999.2006

Various types of Tenders in Engineering Works.  Checks exercised in Accounts Office before awarding a Contract 2004

Completion Report serves no useful purpose.  Discuss in the context of difficulties faced in preparation and submission of C R 1999, 2004,2006

Assets Register 1999

 

Distinguish

Productivity Test and Trade Test 2001,2004,2006

Works Register and Revenue Allocation Register 2001,2004

Internal Check and Internal Audit 2001

 

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STORES ACCOUNTS

Stock Adjustment Accounts 2016

Inventory Turnover Ratio 2016

Check list for Accounts Officer of Stores Accounts attending Tender Committee meeting 2016

Stock Verification 1999,2004,2006,2016

Liquidated damages 2004

Stores Monthly Summary 2001

 

Distinguish

Stores in transit and cash in transit 1999,2006

SV sheets and narrative report 2001

General and liquidated damages 2001

 

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TRAFFIC ACCOUNTS,

Fully distributed and Marginal Cost 2001,2006,2016

Traffic Suspense and Its Components 2016

S F C 2016

Station Balance Sheet and checks exercised in Accounts Office on Coaching and Goods Balance Sheet 20162016

Traffic Book and it's Parts 2004,2016

Machine Prepared Abstract 1999,2006

Types of frauds that can't be detected by Internal Check in the Traffic Accounts Office 2001,2006

How are the Station Earnings transferred to Rly Accounts RBI Nagpur What measures are taken over the years to bring down the incidence of handling cash 2006

Demurrage Charges 2004

Under /Over charges 2004

Forwarding and Indemnity Notes 2004

Credit and Cash Remittance Notes 2004

How Earnings Budget compiled.  What stages is it received during the course of the year 2004

Describe the salient features of existing schemes for attracting Goods Traffic.  Have the schemes been successful.  What changes if any are required in the schemes to make these more attractive 2001

What's the 10 Days Advance Statement6 of Gross Earnings and traffic handled.  How is it compiled.  What use is made of this statement 2001

Name any five statistical results which you consider the most important indices for judging the efficient working of a Rly 2001

Discuss the journey of station earnings from a Rly station to the Rly accounts in the rbi Nagpur 1999

Weight Only System and Check Cum Credit Note System 1999

 

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WORKSHOP ACCOUNTS:

Workshop Manufacturing Suspense 2016

Costing in Rly workshop.  Shop on cost General on cost Proforma on cost   1999, 2006,2016

Workshop General Register 2006, 2001, 1999

Explain WMS.  What are the various on costs operated in WMS accounting and why are they operated 2004

What is the object of costing in a Rly workshop and the principal documents are used for costing purposes 2001

 

Distinguish

Shop on cost and general on cost 2001

Incentive bonus and PL bonus 1999, 2004, 2006