General Financial Rules 2017 - Chapter 2 - General System of Financial Managementt

7/31/2019 General Financial Rules 2017 - Chapter 2: General System of Financial Management
MCQ-Adda
SUBSCRIBE
Better, Faster, Safer browser DOWNLOAD

Get Opera with free VPN, Ad Blocker and Battery Saver Opera Software
General Financial Rules 2017 - Chapter 2: General

System of Financial Management
1. All moneys received by or on behalf of the Government either as dues
of Government or for deposit, remittance or otherwise, shall be

brought into Government Account
A. on the same day
B. within 24 hours
C. as soon as possible
D. without delay
2. All moneys received by or on behalf of the Government shall be
brought into Government Account in accordance with such general or
special rules as may be issued under Articles
A. 149 and 283 of the Constitution
B. 150 and 283 (1) of the Constitution
C. 151 and 284 (1) of the Constitution
D. 151 and 283 of the Constitution
3. Under Article 284 of the Constitution all moneys received by or

deposited with any o cer employed in connection with the a airs of
the Union in his capacity as such, other than revenues or public

moneys raised or received by Government, shall be paid into the
A. Consolidated Fund of India

B. Contingency Fund of India
C. Public Account
D. Departmental Account
4. All moneys received by or deposited with the Supreme Court of India

or with any other Court, other than a High Court, within a Union
Territory, shall be paid into

A. Consolidated Fund of India
B. Contingency Fund of India
C. Public Account 210

S H A RE S
https://www.mcqadda.com/2018/07/general-financial-rules-2017-chapter-2.html 1/10
MCQ-Adda D. Departmental Account

SUBSCRIBE
5. The Head of Account to which public moneys shall be credited and the
withdrawal of moneys therefrom shall be governed by the relevant
provisions of
A. List of Major Head and Minor Head
B. Delegation of Financial Power

C. GAR 1990 and R&P Rules, 1983 or such other general or special
orders as may be issued in this behalf.

D. Treasury Rules
6. Subject to any general or special orders issued by a Department of the

Central Government, an Administrator or a Head of a Department
responsible for the collection of revenue shall keep ________the

fully informed of the progress of collection of revenue under his
control and of all important variations in such collections as

compared with the Budget Estimates.
A. Secretary to the concerned department
B. Ministry of Finance
C. Committee on Economic A air

D. Niti Aayog
7. When the maintenance of any rentable building is entrusted to a civil
department, other than the Central Public Works Department, who
shall be responsible for the due recovery of the rent thereof

A. the Administrator or the Head of the Department concerned
B. the head of the o ce concerned
C. Divisional o cer of the concerned division
D. Directorate of Estate
8. The detailed rules and procedure, regarding the demand and recovery
of rent of Government buildings and lands, are contained in the
A. GAR 1990
B. R&P 1983
C. GFR 2017
D. departmental regulations of the departments in charge of those
buildings
9. Who shall watch the realization of miscellaneous demands of
Government, not falling under the ordinary revenue administration,
such as contributions from State Governments, Local Funds,
contractors and others towards establishment charges.

210
A. Head of the Department S H A RE S
MCQ-Adda B. Accounts O cers

SUBSCRIBE
C. Chief Accounting O cer
D. Department of Revenue
10. Subject to any general or special orders issued by the Government
Departments of the Central Government, Administrators and Heads

of Departments, other than those in _____________ shall
submit to the Audit O cer and the Accounts O cer concerned
statements showing the remissions of revenue and abandonment of
claims to revenue sanctioned during the preceding year by competent

authorities
A. Ministry of Railways
B. Ministry of Defence
C. Department of Post
D. Department of Telecommunication
11. The above mentioned statement shall be submitted
A. Monthly
B. Quarterly
C. Six-monthly
D. Annually
12. The above mentioned statement of remission of revenue shall be

submitted to the Audit O cer and the Accounts O cer concerned on
A. 31st March
B. 1 st April
C. 1 st June
D. 30th September
13. In the annual statement of remission of revenue shall be submitted to
the Audit O cer and the Accounts O cer, individual remissions need
not be included in the statements provided that amount is

A. Below Rupees one hundred (100)
B. Below Rupees ve hundred (500)

C. Below Rupees one thousand (1000)
D. Below Rupees two thousand (2000)
14. Who may make rules de ning remissions and abandonments of
revenue for the purpose of Rule 19 of GFR 2017
A. Parliament
B. President
C. Ministry of Finance
210
S H A RE S
MCQ-Adda D. Departments of the Central Government and Administrators

SUBSCRIBE
concerned
15. Standards of nancial propriety have been referred to in the GFR
under Rule
A. 19
B. 20
C. 21
D. 22
16. The nancial powers of the Government, which have not been
delegated to a subordinate authority, shall vest in the
A. President
B. Parliament
C. Union Cabinet
D. Finance Ministry
17. The duties and responsibilities of a controlling o cer in respect of
funds placed at his disposal are to ensure except:
A. that the expenditure does not exceed the budget allocation.
B. that the expenditure is incurred for the purpose for which funds
have been provided.
C. that the expenditure is not incurred in public interest.

D. that adequate control mechanism is functioning in his
Department for prevention, detection of errors and irregularities
in the nancial proceedings of his subordinate o ces and to
guard against waste and loss of public money
18. An order which involves (i) any grant of land, or assignment of
revenue, or concession, grant, lease or license of mineral or forest
rights, or rights to water, power or any easement or privilege of such
concessions, or relinquishment of revenue in any way shall not be

issued by a subordinate authority without previous sanction of
A. the President
B. the Parliament
C. Secretary of the concerned department/Ministry
D. Ministry of Finance
19. Pick the correct one Copies of all sanctions or orders other than the
following types should be endorsed to the Audit O cers: (i) Sanctions

relating to grant to advances to Central Government employees. (ii)
Sanctions relating to appointment or promotion or transfer of

210
Gazetted and non-Gazetted O cers. (iii) All sanctions relating to S H A RE S
MCQ-Adda creation or continuation or abolition of posts. (iv) Sanctions for

SUBSCRIBE
handing over charge and taking over charge, etc.
A. i, ii and iii
B. ii, iii and iv
C. i, iii and iv
D. All of the above
20. State whether true or false Sanction of Contingent expenditure
incurred under the powers of Head of O ces shall invariably be
communicated to Audit O ce.
A. True
B. False
21. A sanction for any fresh charge shall, unless it is speci cally renewed,
lapse if no payment in whole or in part has been made during a period
of
A. 3 months from the date of issue of such sanction.
B. 6 months from the date of issue of such sanction.
C. 12 months from the date of issue of such sanction.
D. Financial year in which sanction accorded.

22. Pick the incorrect one
A. when the period of currency of the sanction is prescribed in the
departmental regulations or is speci ed in the sanction itself, it
shall lapse on the expiry of such periods; or
B. when there is a speci c provision in a sanction that the
expenditure would be met from the Budget provision of a
speci ed nancial year, it shall lapse at the close of that
nancial year; or
C. in the case of purchase of stores, a sanction shall not lapse, if
tenders have been accepted (in the case of local or direct
purchase of stores) or the indent has been placed (in the case of
Central Purchases) on the Central Purchase Organization within
the period of one year of the date of issue of that sanction, even
if the actual payment in whole or in part has not been made
during the said period.

D. in respect of an addition to a permanent establishment, made
from year to year under a general scheme by a competent
authority, or in respect of an allowance sanctioned for a post or
for a class of Government servants, but not drawn by the

210
o cer(s) concerned shall lapse. S H A RE S
MCQ-Adda 23. The remission of disallowances by Audit and writing o of

SUBSCRIBE
overpayments made to Government servants by competent
authorities shall be in accordance with the provisions of the
A. R&P Rules 1983
B. GAR 1990
C. GFR 2017
D. Delegation of Financial Powers Rules
24. Pick the incorrect one regarding losses need not be reported by the
subordinate authority concerned to the next higher authority as well

as to the Statutory Audit O cer and to the concerned Principal
Accounts O cer
A. when such loss has been made good by the party responsible for
it.
B. Cases involving losses of revenue due to mistakes in
assessments which are discovered too late to permit a
supplementary claim being made,
C. Cases involving losses of revenue due to under assessments

which are due to interpretation of the law by the local authority
being overruled by higher authority after the expiry of the time-
limit prescribed under the law
D. refunds allowed on the ground that the claims were time-barred.
25. Petty losses are losses not exceeding (need not be reported) in terms
of GFR 2017
A. 2000/-
B. 5000/-
C. 10000/-
D. 25000/-
26. Cases involving serious irregularities shall not be brought to the

notice of
A. Financial Adviser
B. Chief Accounting Authority of the Ministry or Department

concerned
C. the Accounts O ce/Audit O cer Concerned

D. the Controller General of Accounts, Ministry of Finance.
27. Report of loss shall be made at

A. Single stage
B. two stages
210
C. three stages S H A RE S
MCQ-Adda D. depending upon the nature of case.

SUBSCRIBE
28. The reports on losses, which the HoD cannot nally dispose of under
the delegated powers, shall be submitted to

A. Financial Advisor of the concerned Ministry/Department
B. Chief Accounting Authority of the concerned
Ministry/Department
C. the Finance Ministry
D. the Parliament
29. State whether true or false An amount lost through misappropriation,
defalcation, embezzlement, etc., must not be redrawn on a simple

receipt pending investigation, recovery or write-o with the approval
of the authority competent to write-o the loss in question. It should
only be drawn after loss has been made good.

A. True
B. False
30. In cases of loss to Government on account of culpability of
Government servants, the loss should be borne by the

A. Government Servant concerned
B. Section-in-charge of Government Servant concerned
C. HoD concerned
D. Central Government Department or State Government
concerned with the transaction.

31. If any recoveries are made from the erring Government o cials in
cash, the receipt will be credited to the that borne/sustained the loss
i.e.
A. Government Servant concerned

B. Section-in-charge of Government Servant concerned
C. HoD concerned
D. Central Government Department or State Government

concerned with the transaction.
32. All cases involving loss of Government money arising from erroneous
or irregular issue of cheques or irregular accounting of receipts will be
reported to the
A. Chief Controller of Accounts
B. Controller General of Accounts
C. Comptroller & Auditor General

D. Audit/Account O cer
210
S H A RE S
MCQ-Adda 33. Cases involving material loss or destruction of Government property

SUBSCRIBE
as a result of re, theft, fraud, etc., shall be invariably reported to the

Police for investigation as early as possible where value of loss
exceeds
A. 10000/-
B. 25000/-
C. 50000/-
D. 100000/-
34. All loss of immovable property, such as buildings, communications,
or other works, caused by re, ood, cyclone, earthquake or any other
natural cause, shall be reported at once by the subordinate authority

concerned to Government through the usual channel incase loss
exceeds
A. 25000/-
B. 50000/-
C. 100000/-
D. 150000/-
35. Pick the incorrect one regarding submission of any les categorized
as ‘Secret’ or ‘Top Secret to Audit o cer
A. It should not be submitted to Audit without prior concurrence of

Government.
B. It should be submitted as usual.

C. It should be submitted to Audit in the presence of HoD
D. It should personally be given to the Head of the Audit O ce

specifying this fact, who will then deal with it in accordance
with the standing instructions for handling and custody of such
classi ed documents.
Enter your comment...
210
S H A RE S
MCQ-Adda 834 people recommend this. ଆପଣ ସା କ'ଣ ାବ େଦଉଛ ି

SUBSCRIBE ପରାମଶ ଦିଆଯାଇ ବା
େଦ ବାପାଇଁ ସାଇ ଅ କର ୁ ।
Open An Instant Bank Account
Ad Kotak 811
Start Your SIP Now
Ad Reliance Mutual Funds
General Financial Rules 2017 -

Chapter 7: Inventory
mcqadda.com
CCS Leave Rules
mcqadda.com

Chapter 6: Procurement of Goods...
mcqadda.com
Travelling Allowance Rules
mcqadda.com
The Employees’ Provident Funds and

Miscellaneous Provisions Act, 1952
mcqadda.com
Central Government Accounts

(Receipts and Payments) Rules,...
mcqadda.com

Chapter 4: Government Accounts
mcqadda.com

Chapter 3: Budget Formulation...
mcqadda.com
Central Civil Services (Conduct)

Rules
mcqadda.com
Computer Theory
mcqadda.com
MCQ-Adda
mcqadda.com

Chapter 8: Contract Management
210
S H A RE S
mcqadda.com
mcqadda.com
MCQ-Adda
SUBSCRIBE
Time Value of Money
mcqadda.com
DPC Act
mcqadda.com
Information Technology Audit
mcqadda.com
Popular Posts
CCS Leave Rules
General Financial Rules 2017 - Chapter 7: Inventory
General Financial Rules 2017 - Chapter 6: Procurement of

Goods and Services
Auditing Standards issued by the CAG of India
DPC Act
Central Civil Services (Conduct) Rules
Information Technology Act 2000
General Financial Rules 2017 - Chapter 2: General System

of Financial Management
Regulation on Audit & Accounts, 2007
Travelling Allowance Rules
Tags
SAS (31) CPD1 (23) CPD (13) CPD2 (7) PC12 (7) PC11 (6)
PC24 (6) PC9 (6) C1 (5) IE1 (5)
SHOW MORE
Powered by Blogger
210
S H A RE S

General Financial Rules 2017 - Chapter 2 - General System of Financial Managementt

Caricato da

Informazioni sul documento

Descrizione originale:

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

General Financial Rules 2017 - Chapter 2 - General System of Financial Managementt

Caricato da

Copyright:

Formati disponibili

7/31/2019 General Financial Rules 2017 - Chapter 2: General System of Financial Management

Better, Faster, Safer browser DOWNLOAD

General Financial Rules 2017 - Chapter 2: General

1. All moneys received by or on behalf of the Government either as dues

of Government or for deposit, remittance or otherwise, shall be

A. on the same day

2. All moneys received by or on behalf of the Government shall be

brought into Government Account in accordance with such general or

special rules as may be issued under Articles

A. 149 and 283 of the Constitution

B. 150 and 283 (1) of the Constitution

C. 151 and 284 (1) of the Constitution

D. 151 and 283 of the Constitution

3. Under Article 284 of the Constitution all moneys received by or

the Union in his capacity as such, other than revenues or public

A. Consolidated Fund of India

4. All moneys received by or deposited with the Supreme Court of India

Territory, shall be paid into

C. Public Account 210

MCQ-Adda D. Departmental Account

B. Delegation of Financial Power

orders as may be issued in this behalf.

6. Subject to any general or special orders issued by a Department of the

responsible for the collection of revenue shall keep ________the

control and of all important variations in such collections as

C. Committee on Economic A air

7. When the maintenance of any rentable building is entrusted to a civil

department, other than the Central Public Works Department, who

shall be responsible for the due recovery of the rent thereof

B. the head of the o ce concerned

C. Divisional o cer of the concerned division

of rent of Government buildings and lands, are contained in the

D. departmental regulations of the departments in charge of those

Government, not falling under the ordinary revenue administration,

such as contributions from State Governments, Local Funds,

contractors and others towards establishment charges.

MCQ-Adda B. Accounts O cers

C. Chief Accounting O cer

10. Subject to any general or special orders issued by the Government

Departments of the Central Government, Administrators and Heads

submit to the Audit O cer and the Accounts O cer concerned

statements showing the remissions of revenue and abandonment of

claims to revenue sanctioned during the preceding year by competent

11. The above mentioned statement shall be submitted

12. The above mentioned statement of remission of revenue shall be

13. In the annual statement of remission of revenue shall be submitted to

not be included in the statements provided that amount is

B. Below Rupees ve hundred (500)

D. Below Rupees two thousand (2000)

14. Who may make rules de ning remissions and abandonments of

revenue for the purpose of Rule 19 of GFR 2017

MCQ-Adda D. Departments of the Central Government and Administrators

15. Standards of nancial propriety have been referred to in the GFR

delegated to a subordinate authority, shall vest in the

17. The duties and responsibilities of a controlling o cer in respect of

funds placed at his disposal are to ensure except:

A. that the expenditure does not exceed the budget allocation.

have been provided.

C. that the expenditure is not incurred in public interest.

Department for prevention, detection of errors and irregularities

in the nancial proceedings of his subordinate o ces and to

guard against waste and loss of public money