FINAL ANSWER KEY
Paper: Finances of Local Bodies and ... (Paper II)
Date of Test 05-05-2022
Question1:-Article 267 of Indian constitution deals with
A:-consolidated fund
B:-Contingency Fund
C:-Public account
D:-None of these
Correct Answer:- Option-B
Question2:-Loans raised by issuing of treasury bills shall be a part of
A:-public account
B:-contingency fund
C:-consolidated fund
D:-None of these
Correct Answer:- Option-C
Question3:-Article ________ of Indian constitution dealt with public account.
A:-266(1)
B:-265
C:-263
D:-266(2)
Correct Answer:- Option-D
Question4:-Say the following statement is true or false parliament authorisation is not required for payment from the public account'
A:-true
B:-false
C:-Either true or false
D:-neither true nor false
Correct Answer:- Option-A
Question5:-Who holds the contingency fund on behalf of the president to
A:-The C & AG
B:-The solicitor General
C:-The Parliament
D:-The Secretary to the Govt. of India, Ministry of finance
Correct Answer:- Option-D
Question6:-Public money other than those under consolidated fund shall be a part of
A:-contingency fund
B:-emergency fund
C:-public fund
D:-None of these
Correct Answer:- Option-C
Question7:-National income estimates are prepared by
A:-Public accounts Committee
B:-Central Statistical Organization
C:-National Income Committee
D:-None of these
Correct Answer:- Option-B
Question8:-Union Finance Commission is set up under article _________ of Indian constitution.
A:-280
B:-281
C:-279
D:-283
Correct Answer:- Option-A
Question9:-Union Finance Commission is constituted in every __________ years.
A:-2
B:-4
C:-6
D:-5
Correct Answer:- Option-B
Question10:-The 14th union finance commission recommends to devolution of tax receipts from the centre to the states to _________ percentage.
A:-32
B:-42
C:-40
D:-30
Correct Answer:- Option-B
Question11:-Who recommends the revision of taxes, folls, duties of a Local Self Govt., Institution?
A:-State Finance Commission
B:-Union Finance Commission
C:-Legislative Assembly
D:-High Level Monitoring Committee
Correct Answer:- Option-A
Question12:-In Panchayat Raj Institute can not impose a tax on
A:-property tax
B:-profession tax
C:-timber brought in to a panchayat area
D:-show tax on games
Correct Answer:- Option-C
Question13:-The Govt, shall not accord sanction for abolishing or reduction of an existing tax in municipality if,
A:-there is a financial crisis
B:-there is an outstanding loan from the public
C:-there is an outery against it
D:-none of these
Correct Answer:- Option-B
Question14:-Which building in a municipal area is exempted from paying property tax?
A:-all hospital buildings
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B:-marriage halls
C:-hospitals providing treatment to patients free of cost
D:-marriage halls annexed to worship places
Correct Answer:- Option-C
Question15:-Article ________ of Indian constitution deals with profession tax
A:-276
B:-277
C:-264
D:-213
Correct Answer:- Option-A
Question16:-Kerala municipal act' 94 section _______ deals with municipal fund.
A:-288
B:-232
C:-218
D:-283
Correct Answer:- Option-D
Question17:-_________ percentage of revenue receipt of all municipality shall be earmarked for constituting a poverty alleviation fund.
A:-4
B:-3
C:-5
D:-2
Correct Answer:- Option-D
Question18:-'Annual finance statement' of the preceding year shall be published not later than _________ of the current year.
A:-first week of June
B:-first week of July
C:-first week of August
D:-none of these
Correct Answer:- Option-A
Question19:-__________ is a primary book of accounts.
A:-Bank pass book
B:-Journal book
C:-Receipts
D:-None of these
Correct Answer:- Option-B
Question20:-___________ shall not be credited to any deposit head of account.
A:-sums that can be clearly treated as revenue of municipality
B:-pay, pension and leave salary
C:-fines and forfeitures
D:-all of the above
Correct Answer:- Option-C
Question21:-Balance sheet consists of
A:-asset
B:-liability
C:-equity
D:-all of the above
Correct Answer:- Option-D
Question22:-The members of state finance commission is appointed by
A:-The parliament
B:-The legislature
C:-The president
D:-The Governor
Correct Answer:- Option-D
Question23:-The union finance commission does have the powers of
A:-criminal court
B:-civil court
C:-district court
D:-none of the above
Correct Answer:- Option-B
Question24:-_________ shall submit an annual report to the Governor in respect of the amount of grants to panchayat
A:-The chief secretary
B:-The Director of panchayat
C:-The Director of KSAD
D:-The minister of local self Govt.
Correct Answer:- Option-A
Question25:-Basic tax grant is paid to a panchayat by the state Govt.
A:-Biennial
B:-Quarterly
C:-Half yearly
D:-Annually
Correct Answer:- Option-D
Question26:-The Kerala stamp act deals with
A:-collection of property tax
B:-duty on transfer of property
C:-collection of building tax
D:-all of the above
Correct Answer:- Option-B
Question27:-A village panchayat can levy a surcharge not exceeding _______% on the property tax to meet unusual expenses
A:-6
B:-7
C:-5
D:-4
Correct Answer:- Option-C
Question28:-Block panchayat fund constitutes with
A:-all money received by block panchayat except received for Govt and District Panchayat
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B:-all money received by the block panchayat
C:-all money received by the block panchayat except received for Govt,
D:-None of these
Correct Answer:- Option-A
Question29:-Block panchayat fund shall be kept at
A:-Nationalized bank account
B:-public deposit account in Govt. Treasuries
C:-Co-operative bank accounts
D:-New generation bank accounts
Correct Answer:- Option-B
Question30:-In a Panchayat budget proposal shall be submitted to the standing committee for finance before ___________ January every year.
A:-20th
B:-30th
C:-10th
D:-15th
Correct Answer:- Option-D
Question31:-As per Kerala panchayat Raj act 94 surcharge shall be made good after a period of _________ years.
A:-4
B:-5
C:-2
D:-7
Correct Answer:- Option-A
Question32:-Indian independence act came in to exist in
A:-1946
B:-1948
C:-1947
D:-1949
Correct Answer:- Option-C
Question33:-The comproller and audit general compiles the accounts of
A:-all states
B:-central civil pension
C:-Indian audit and accounts dept
D:-all of the above
Correct Answer:- Option-D
Question34:-Article __________ deals with a separate consolidated fund for each state
A:-267
B:-266
C:-265
D:-263
Correct Answer:- Option-B
Question35:-'Wages and means' refers to
A:-receipts and expenditure
B:-receipts only
C:-methods of maintaining the govt's daily cash balance
D:-expenditure only
Correct Answer:- Option-C
Question36:-The audit of the CAG includes ___________ audit
A:-regularity
B:-propriety
C:-efficiency cum propriety
D:-all of the above
Correct Answer:- Option-D
Question37:-The expenditure with constitutional provision is shown in
A:-voted and charged
B:-voted
C:-contingency
D:-charged
Correct Answer:- Option-D
Question38:-Agriculture income tax is a direct tax of
A:-state and union
B:-union
C:-state
D:-none of the above
Correct Answer:- Option-C
Question39:-The three financial committees of parliament are committees of
A:-Rajya sabha
B:-Lok sabha
C:-Rajya sabha and Lok sabha
D:-none of the above
Correct Answer:- Option-C
Question40:-All expenditure from _________ is audited by the AG.
A:-Consolidated fund
B:-Contigency fund
C:-Public account
D:-none of the above
Correct Answer:- Option-A
Question41:-The first budget introduced in free India in
A:-1949
B:-1948
C:-1947
D:-1950
Correct Answer:- Option-C
Question42:-Amounts paid to institutions without any condition is termed as
A:-general purpose fund
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B:-Special purpose fund
C:-Grant-in-Aid
D:-Subsidy
Correct Answer:- Option-D
Question43:-If a question arises whether a bill is money bill or not, is settled by
A:-The President
B:-The Speaker
C:-The Prime minister
D:-None of the above
Correct Answer:- Option-B
Question44:-In labour welfare fund all sums received is remitted to _________ fund.
A:-general
B:-special
C:-special purpose fund
D:-none of the above
Correct Answer:- Option-A
Question45:-In labour welfare fund the employees contribution towards CPF is Rs. __________ for each employee.
A:-8 each month
B:-8 annually
C:-8 half yearly
D:-8 quarterly
Correct Answer:- Option-C
Question46:-In Kerala Toddy workers welfare fund Board ___________ places a budget before the board.
A:-The chairman
B:-The Accountant
C:-The Finance officer
D:-The chief welfare fund Inspector
Correct Answer:- Option-D
Question47:-In Kerala Abkari workers welfare fund the gratuity is paid from
A:-gratuity fund
B:-pension fund
C:-CPF
D:-none of the above
Correct Answer:- Option-A
Question48:-____________ is not allowable from Kerala Tailoring workers welfare fund
A:-pension
B:-cleaning charge
C:-funeral assistance
D:-maternity allowance
Correct Answer:- Option-B
Question49:-All money belongs to the Kerala Tailoring workers welfare fund is deposited in
A:-Nationalized banks
B:-Co-operative banks
C:-Scheduled banks
D:-All of the above
Correct Answer:- Option-D
Question50:-Expenses relating to cashew Relief and welfare fund shall be limited to __________% of the total contribution.
A:-20
B:-10
C:-25
D:-15
Correct Answer:- Option-B
Question51:-A dairy farmers who completed _________ years of age is eligible for registration as member of Kerala Dairy farmer's welfare fund
A:-22
B:-20
C:-18
D:-17
Correct Answer:- Option-C
Question52:-_________ liter of milk shall be measured by quinquennially a dairy farmer to get eligibility for pension from Kerala Dairy farmers welfare
fund
A:-500
B:-400
C:-450
D:-600
Correct Answer:- Option-A
Question53:-Each registered employee shall contribute at Rs. ________ per mensem to the Kerala Head Load workers welfare scheme fund
A:-15
B:-10
C:-16
D:-20
Correct Answer:- Option-B
Question54:-A coir workers who attained _________ age is sanctioned pension from Kerala coir workers welfare fund
A:-55
B:-56
C:-60
D:-59
Correct Answer:- Option-C
Question55:-The cess from the amount of sale proceeds of a dealer is major income of _________ welfare fund.
A:-Kerala Head Load workers
B:-Kerala Cashew workers
C:-Kerala Coir workers
D:-Kerala Handloom workers
Correct Answer:- Option-D
Question56:-Who is the chief executive of Kerala state lottery agents and salesmen welfare fund?
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A:-The Director of Kerala state lottery Dept
B:-The Finance minister
C:-The finance secretary to Government
D:-None of these
Correct Answer:- Option-A
Question57:-Income from the building material testing laboratories is a income of
A:-TRIDA
B:-GIDA
C:-KHRWS
D:-Nirmiti Kendra
Correct Answer:- Option-D
Question58:-All withdrawals and payments from the bank is accounted on the ___________ side of the respective bank book.
A:-debit
B:-credit
C:-debit and credit
D:-payment
Correct Answer:- Option-B
Question59:-All entries which do not involve cash or bank account is recorded in the
A:-General ledger
B:-bank book
C:-journal book
D:-cash book
Correct Answer:- Option-C
Question60:-Whether the following statement is true or false' In a panchayat the voucher numbering shall begin afresh every year?
A:-true
B:-false
C:-neither true nor false
D:-either true or false
Correct Answer:- Option-A
Question61:-Panchayat fund consists of all income mentioned in section __________ of Kerala Panchayat Raj Act' 94.
A:-212
B:-213
C:-214
D:-215
Correct Answer:- Option-C
Question62:-As per Kerala panchayat raj accounts rules the accounting entries are recorded as fund code, function code and functionary code and
A:-feasible code
B:-pecuniary code
C:-financial code
D:-account code
Correct Answer:- Option-D
Question63:-Each implementing officers in a panchayat are
A:-Ex- officio secretaries
B:-Ex- officio presidents
C:-Ex-officio officer
D:-none of these
Correct Answer:- Option-A
Question64:-'Accessory building' means
A:-building where accessories are kept
B:-building attached or detached to a main building
C:-building attached to a main building only
D:-building detached to a main building only
Correct Answer:- Option-B
Question65:-'Carpet area' means
A:-the basement area
B:-the usable floor area
C:-the usable floor area including court area
D:-none of these
Correct Answer:- Option-B
Question66:-'Plinth area' means
A:-area of building including courtyard
B:-area of building excluding courtyard
C:-area of building which does not include area of open porch etc
D:-none of these
Correct Answer:- Option-C
Question67:-The area of 'Barsati' at terrace floor level shall
A:-not be included in the floor area
B:-be included plinth area
C:-not be included in the plinth area
D:-be included in the floor area
Correct Answer:- Option-D
Question68:-The rate of subscription to the Kerala panchayat Raj Employees provident fund is ________ emoluments
A:-6%
B:-7%
C:-6.5%
D:-7.5%
Correct Answer:- Option-A
Question69:-The chair person of a municipal council is eligible to draw travelling allowance at the rate of class ____________ officers of the Govt. of
Kerala.
A:-II(b)
B:-II(a)
C:-I
D:-III
Correct Answer:- Option-C
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Question70:-From 'Central pension fund' the amount is transferred to __________ for awarding pensionary benefits.
A:-Panchayat pension fund
B:-Municipal Pension Fund
C:-Both Panchayat and municipal pension fund
D:-none of the above
Correct Answer:- Option-B
Question71:-Pension contribution to central pension fund is ________% of the total emoulment of an employee per mensem.
A:-15
B:-16
C:-14
D:-13
Correct Answer:- Option-A
Question72:-__________ shall be paid as compounding fees if a pension removes a notice exhibited by a municipal council
A:-600
B:-400
C:-300
D:-500
Correct Answer:- Option-D
Question73:-The Audit Report shall be submitted to the LSGI __________ on completion of audit
A:-before the expiry of 4 months
B:-on the expiry of 4 months
C:-before the expiry of 3 months
D:-on the expiry of 3 months
Correct Answer:- Option-C
Question74:-A public work shall not be commented unless there is sufficient fund appropriate in
A:-treasury savings account
B:-bank account
C:-cash book
D:-budget
Correct Answer:- Option-D
Question75:-A beneficiary committee can be awarded ____________% estimate amount in advance.
A:-10
B:-20
C:-15
D:-25
Correct Answer:- Option-B
Question76:-Five percent of the work estimate exceeding __________ lakhs shall be test checked by executive engineers.
A:-six
B:-seven
C:-five
D:-four
Correct Answer:- Option-A
Question77:-As LSGI can directly purchase materials and goods from the institutions
A:-co-operative institutions
B:-SIDCO only
C:-Where Govt. has fixed the price
D:-None
Correct Answer:- Option-C
Question78:-The show tax shall be remitted on
A:-every monday
B:-the next day itself
C:-every Wednesday
D:-every Saturday
Correct Answer:- Option-B
Question79:-Remission of 'Kist' is granted if
A:-a lessee does not get much labour force
B:-a lessee does not get sanctioned loan intime
C:-a lessee does not get material at cheap rate
D:-any loss occurs to alessee not because of his fault
Correct Answer:- Option-D
Question80:-A municipal corporation can write off Rs.
A:-500
B:-400
C:-200
D:-250
Correct Answer:- Option-A
Question81:-______ can be executed without obtaining building permit from on LSGI
A:-plastering and patch work
B:-providing partition
C:-interior decoration without structural alteration
D:-all of the above
Correct Answer:- Option-D
Question82:-__________ are not exempted from Kerala municipal building rules
A:-construction of N.H for operational cause
B:-construction of railways for operational cause
C:-construction railway colony
D:-all of the above
Correct Answer:- Option-C
Question83:-A site plan is approved by
A:-the President
B:-the secretary
C:-the Assistant Engineer
D:-none of the above
Correct Answer:- Option-B
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Question84:-The renewal fee of building permit is ___________% building permit.
A:-50
B:-40
C:-30
D:-25
Correct Answer:- Option-A
Question85:-The distance between plot boundary a butting the street and building in a municipal area is __________ meters
A:-2
B:-3
C:-4
D:-5
Correct Answer:- Option-B
Question86:-As per Kerala municipal building rules 'Group D' belongs to ___________ buildings
A:-hospital
B:-residential
C:-assembly
D:-office
Correct Answer:- Option-C
Question87:-'Floor area ratio' is calculated as
A:-FAR=total floor area/plot area
B:-FAR=total floor area/plinth area
C:-FAR=total floor area/floor area
D:-None
Correct Answer:- Option-A
Question88:-Compounding fee for regularization of unauthorized single family residential building is
A:-3 times of the permits fee
B:-4 times of the permits fee
C:-6 times of the permits fee
D:-5 times of the permits fee
Correct Answer:- Option-D
Question89:-In a municipality _______ shall issue a certificate to the effect that a property is suitable for the specified purpose before buying it
A:-the municipal chairman
B:-the municipal secretary
C:-the municipal engineer
D:-none of the above
Correct Answer:- Option-C
Question90:-A municipality can ___________ property transferred to them by govt
A:-dispose off
B:-not dispose off
C:-dispose of
D:-not dispose of
Correct Answer:- Option-B
Question91:-As per Kerala stamp act ___________ a 'settlement'
A:-selling of property
B:-buying of property
C:-mortgage
D:-deeds of sale of hereditary right of gifts
Correct Answer:- Option-D
Question92:-Who shall either sanction or reject the application for conversion of Land in a municipal area?
A:-The District Collector
B:-The Chief Minister
C:-The Revenue Minister
D:-None of the above
Correct Answer:- Option-A
Question93:-Who is authorised to constitute Temple Advisory Committee?
A:-The Deveswom Commissioner
B:-The Assistant Commissioner
C:-The President
D:-The Devotees
Correct Answer:- Option-A
Question94:-The financial transactions of a Temple Advisory Committee shall be through a joint Bank Account operated by ________.
A:-The Assistant Commissioner and Chief Priest
B:-The Sub Group Officer and Convenor
C:-The Convenor and Chief priest
D:-The Assistant Commissioner and Convenor
Correct Answer:-Question Cancelled
Question95:-In Travancore Deveswom Board DFFI receipt is used for _________.
A:-Receiving Valuable items
B:-Receiving unufructs from Deveswom land
C:-Receiving heifer
D:-Receiving money
Correct Answer:- Option-D
Question96:-Kerala Panchayat Raj Act Section ________ deals with preparation of Budget.
A:-236 (1)
B:-232
C:-175 (1)
D:-170
Correct Answer:- Option-C
Question97:-Kerala Municipality Act Section ________ deals with Land Conversion cess.
A:-142
B:-112
C:-155
D:-230 (3)
Correct Answer:- Option-D
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Question98:-Rental income is _________.
A:-Tax receipt
B:-Tax receipt and none tax receipt
C:-None Tax Receipt
D:-None of the above
Correct Answer:- Option-C
Question99:-'Kadavu Committee' are constituted for _________.
A:-Monetering Vavubali offerings
B:-Sand mining
C:-Monetering ferrying of people
D:-None of these
Correct Answer:- Option-B
Question100:-Furniture and other office stores should be verified at least _________ year(s).
A:-Once in four
B:-Once in three
C:-Once in two
D:-Once a year
Correct Answer:- Option-A
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