FINAL ANSWER KEY
Paper: Finances of Local Bodies and ... (Paper II)
Medium of Question: English
Date of Examination 05-03-2019
Question1:-The method of fixing the annual value of property is based on _______ of the building.
A:-total land area of the building exist
B:-the appurtenant land only
C:-the area calculated by the assessing authority
D:-plinth area of the building
Correct Answer:- Option-D
Question2:-Who is the authority to serve notice of Profession Tax to the Manager of a Hotel?
A:-Bill collector
B:-Revenue section
C:-Secretary of the local body
D:-Head clerk
Correct Answer:- Option-C
Question3:-In which of the following month, a self drawing officer has to pay his Profession Tax of I half?
A:-January
B:-March
C:-August
D:-September
Correct Answer:- Option-C
Question4:-The word 'sky signs' is associated with which one of the following?
A:-Profession Tax
B:-Property tax
C:-Advertisement Tax
D:-Duty on transfer of property
Correct Answer:- Option-C
Question5:-Which one of the following is not coming under Panchayat fund?
A:-Profession tax
B:-Property tax
C:-Income tax
D:-D&O licence fees
Correct Answer:- Option-C
Question6:-After passing the Budget of a Panchayat, the copy of the budget have not be given to which one of the following authorities? A:-District panchayat
B:-Block panchayat
C:-Chief Secretary
D:-State Audit department
Correct Answer:- Option-C
Question7:-In which section of Kerala Panchayat Raj Act, the audit of panchayat is to be conducted by State audit dept. is mentioned? A:-214
B:-215
C:-216
D:-None of these
Correct Answer:- Option-B
Question8:-Any resolution abolishing an existing tax or reducing the rate at which a tax is levied regarding Municipalities shall be reported to whom? A:-Director of Municipalities
B:-Director of State audit dept.
C:-Director of Panchayat
D:-The Government
Correct Answer:- Option-D
Question9:-Notification of New taxes in a Municipality is mentioned in which of the following sections of Municipal Act?
A:-232
B:-231
C:-235
D:-None of these
Correct Answer:- Option-A
Question10:-Who is the authority to allow vacancy remission?
A:-Secretary
B:-Chairman
C:-Revenue section
D:-Bill collector
Correct Answer:- Option-A
Question11:-If a building is constructed or re-constructed in a Municipal area the owner shall give notice these of the Secretary within _________ days from thwhichever is earlier?
A:-10
B:-15
C:-21
D:-30
Correct Answer:- Option-B
Question12:-Which section of Kerala Municipal Act empowers to levy a tax on animals and vessels of the kind specified in the rules by the resolution of the cou A:-257
B:-258
C:-259
D:-260
Correct Answer:- Option-D
Question13:-The Secretary of the Municipality shall publish not later than the first week of ________ an annual financial statement of the preceding year, appr A:-April
B:-June
C:-August
D:-None of these
Correct Answer:- Option-B
Question14:-Which type of audit is not conducted in a Municipality among the following?
A:-Accountant General's audit
B:-Performance audit
C:-State audit department's audit
D:-Commercial audit
Correct Answer:- Option-D
Question15:-The custody of Kerala university fund, the payment of money therein, withdrawals of money, shall not be regulated by which one of the following? A:-Statutes
B:-Ordinances
C:-Bye laws
D:-Examination manual
Correct Answer:- Option-D
Question16:-The annual accounts shall be considered by the senate at its annual meeting and ________ may pass resolution as it being passed in Kerala unive A:-Syndicate
B:-Academic council
C:-Senate
D:-Vice chancellor
Correct Answer:- Option-C
Question17:-Who is responsible to prepare and keep the annual accounts of university?
A:-Finance Officer
B:-Registrar
C:-Controller of examinations
D:-None of these
Correct Answer:- Option-A
Question18:-Pay revision benefits of Kerala Government servants can be given to the servants of university with the previous concurrence of whom? A:-Syndicate
B:-Senate
C:-Govt. of Kerala
D:-None of these
Correct Answer:- Option-C
Question19:-Who is authorise to assess the amount of betterment fee payable by each person relating to the schemes of Kerala State Housing Board? A:-The Board
B:-The Chairman
C:-The Secretary
D:-None of these
Correct Answer:- Option-A
Question20:-The Head office of Kerala State Housing Board is situated at :
A:-Ernakulam
B:-Thiruvananthapuram
C:-Thrissur
D:-Kozhikkode
Correct Answer:- Option-B
Question21:-Which one of the following is the newly formed Devaswoms in Kerala?
A:-TDB
B:-Guruvayoor
C:-Cochin
D:-Malabar
Correct Answer:- Option-D
Question22:-Liability of local authorities to prepare and present accounts for audit in such form and such manner as may be prescribed and presented for audityear.
A:-Three months
B:-Four months
C:-Six months
D:-Twelve months
Correct Answer:- Option-B
Question23:-Where an executive authority makes default in the preparation and presentation of accounts for audit within the period specified, the penalty for d A:-Rs.1,000
B:-Rs.2,000
C:-Rs.3,000
D:-Rs.5,000
Correct Answer:- Option-C
Question24:-The audit report shall send to the local authority concerned within _________ months of completion of audit as per KLFA Act. A:-Twelve months
B:-Six months
C:-Three months
D:-Two months
Correct Answer:- Option-C
Question25:-On receipt of an audit report under section 13, the Executive Authority concerned shall submit a rectification report within _________ months to t A:-six months
B:-five months
C:-three months
D:-two months
Correct Answer:- Option-D
Question26:-Every sum charged/surcharged by the Director on any person shall be remitted by such person to the Executive Authority within ________ monthcertificate.
A:-one month
B:-three months
C:-six months
D:-two months
Correct Answer:- Option-A
Question27:-The officer at fault has the right to approach _________ court for the cancellation of charge/surcharge certificate issued by the Director.
A:-Magistrate court
B:-District court
C:-Munisiff court
D:-None of these
Correct Answer:- Option-B
Question28:-Which form is to be used by the audit party to issue show secure notice to the Executive Authority for non compliance of requisition? A:-Form IV
B:-Form V
C:-Form VI
D:-Form VII
Correct Answer:- Option-A
Question29:-A copy of monthly accounts of each State Govt. is submitted to _________ by the Accountant General concerned. A:-The Central Govt.
B:-The State Govt.
C:-The Governor
D:-The Director of Treasuries
Correct Answer:- Option-B
Question30:-Who shall have the authority to inspect any office account which is under the control of Central / State Govt.? A:-Director General of Police
B:-President
C:-Director of State Audit
D:-Comptroller and Auditor General
Correct Answer:- Option-D
Question31:-When losses are inevitable features of a department, it is recorded under :
A:-A suspense head
B:-A separate head
C:-Major head relating to that department
D:-Deduction from receipt
Correct Answer:- Option-B
Question32:-Audit Reports of the State Govts. are placed before :
A:-Parliament
B:-Cabinet
C:-Legislative Assembly
D:-Governor of the State
Correct Answer:- Option-C
Question33:-The emoluments and allowances of the President shall not be ________ during his term of office.
A:-Increased
B:-altered
C:-diminished
D:-allowed to fall in arrears
Correct Answer:- Option-C
Question34:-The Controller and Auditor General of India shall be responsible under C&AG's Act 1971 to compile the accounts of the union and each State Govt. A:-Section 10 of the Act
B:-Section 14 of the Act
C:-Section 9 of the Act
D:-Section 16 of the Act
Correct Answer:- Option-A
Question35:-Who is responsible for the maintenance of leave account of Gazetted officers of State Government?
A:-The Head of Department concerned
B:-The Head of office where the Gazetted officer is working
C:-The District Treasury officer
D:-The Accountant General
Correct Answer:- Option-D
Question36:-The role of audit and administration are
A:-complementary to each other
B:-identical
C:-opposite
D:-different
Correct Answer:- Option-A
Question37:-Who is the authority to amend any provision in the Constitution of India?
A:-Union cabinet
B:-The President
C:-The Parliament
D:-The Supreme court
Correct Answer:- Option-C
Question38:-The responsibility for watching the progress of expenditure against a grant or appropriation devolves on the A:-Audit department
B:-Executive
C:-Finance department
D:-Legislature
Correct Answer:- Option-B
Question39:-Provident fund accounts of State Government employees are maintained by :
A:-Head of department concerned
B:-Finance dept.
C:-Accountant General
D:-Director of Treasuries
Correct Answer:- Option-C
Question40:-The list of labourers engaged daily on public works is :
A:-Measurement book
B:-Cash book
C:-Stock register
D:-Muster roll
Correct Answer:- Option-D
Question41:-Mandamus is the name of a
A:-whip
B:-writ
C:-original petition
D:-appeal
Correct Answer:- Option-B
Question42:-The executive head of the state is
A:-The Governor
B:-The Chief Minister
C:-The Chief Secretary
D:-None of these
Correct Answer:- Option-A
Question43:-Annual financial statement of a state is properly known as :
A:-Supplementary grant
B:-Budget
C:-Annual accounts
D:-Appropriation bill
Correct Answer:- Option-B
Question44:-Which among the following is a Direct tax?
A:-Commercial tax
B:-Entertainment tax
C:-Land revenue
D:-Wealth tax
Correct Answer:- Option-D
Question45:-Taxes levied and collected by union and distributed between the union and state is : A:-Commercial tax
B:-VAT
C:-Profession tax
D:-Income tax
Correct Answer:- Option-D
Question46:-The recovery of pay and TA advances on transfer will irrespective of the recovery be treated as A:-Revenue receipt
B:-Revenue expenditure
C:-Capital receipt
D:-Minus expenditure
Correct Answer:- Option-D
Question47:-Amount withdrawn from the consolidated fund
A:-should be recouped
B:-not to be recouped
C:-automatically recouped
D:-none of these
Correct Answer:- Option-B
Question48:-Tax assessment is a __________ Act.
A:-quasi-judicial
B:-judicial
C:-statutory
D:-financial
Correct Answer:- Option-A
Question49:-Treasury which conduct cash transaction by itself is
A:-District Treasury
B:-Banking Treasury
C:-Non-Banking Treasury
D:-Cash Treasury
Correct Answer:- Option-C
Question50:-Issues rate of stores is fixed in
A:-in the beginning of every financial year
B:-once in two years
C:-at the time of purchase
D:-half yearly
Correct Answer:- Option-A
Question51:-The authority of C&AG to audit the receipt of the state is prescribed in A:-Section 27 of DPC Act 1971
B:-Section 20 of DPC Act 1971
C:-Section 16 of DPC Act 1971
D:-Section 26 of DPC Act 1971
Correct Answer:- Option-C
Question52:-No person shall be eligible for election as President of India unless he had completed the age of A:-50 years
B:-30 years
C:-35 years
D:-25 years
Correct Answer:- Option-C
Question53:-Chief Minister of a state is appointed by whom?
A:-President of India
B:-Chief Justice of high court
C:-Chief Justice of Supreme court
D:-Governor
Correct Answer:- Option-D
Question54:-Sinking funds are constituted for :
A:-diminishing the liability out of contingency fund
B:-wipping off debit balance under public account
C:-redemption of loans raised by Government
D:-None of the above
Correct Answer:- Option-C
Question55:-Payment of grants to states from centre is settled :
A:-cheque / demand draft
B:-accountant general
C:-central account section of the RBI
D:-none of these
Correct Answer:- Option-C
Question56:-The field offices of the Indian Audit and Accounts departments are all headed by :
A:-Integrated finance advisor
B:-Accountant General
C:-Deputy AG
D:-Audit officer
Correct Answer:- Option-B
Question57:-Interest payments are classified as :
A:-Capital expenditure
B:-Revenue expenditure
C:-Public account
D:-None of these
Correct Answer:- Option-B
Question58:-Which conducting propriety audit, audit will not only see whether there is proper authority for expenditure but also: A:-there is a valid voucher
B:-head of account is correct
C:-Investigate the necessity for it
D:-the expenditure is covered by budget provision
Correct Answer:- Option-C
Question59:-Attorney general shall hold office for a tenure of :
A:-five years
B:-two years
C:-three years
D:-during the pleasure of the President
Correct Answer:- Option-D
Question60:-Rent recovered in respect of buildings in charge of departments other than PWD should be treated as : A:-PWD receipt
B:-Departmental receipt
C:-Receipt under housing
D:-Miscellaneous income
Correct Answer:- Option-B
Question61:-The transactions relating to loans raised by the Government are accounted under
A:-loans and advances
B:-capital account
C:-public debt
D:-contingency fund
Correct Answer:- Option-C
Question62:-Defence services fall under sector
A:-General services
B:-Social and community services
C:-Economic service
D:-Inter state settlement
Correct Answer:- Option-A
Question63:-Travelling allowance paid to officers of State Govt. appointed as members of commission set up by Government of India are borne by : A:-State Government
B:-Central Government
C:-Shared by State and Central Governments
D:-None of these
Correct Answer:- Option-B
Question64:-Sale proceeds of Government land and buildings are described in ________ of Kerala Account code Vol I. A:-39th rule
B:-39th section
C:-39th para
D:-39th article
Correct Answer:- Option-D
Question65:-Expenditure charged upon ________ is not to be voted by legislature.
A:-MLA fund
B:-MP fund
C:-Consolidated fund
D:-Contingency fund
Correct Answer:- Option-C
Question66:-Audit of CAG does not include :
A:-Regularity audit
B:-Detailed audit
C:-Efficiency cum performance audit
D:-Properiety audit
Correct Answer:- Option-A
Question67:-Court fee stamp amounting to __________ has to be affixed in the complaint that has given to Ombudsman. A:-Re.1
B:-Rs.3
C:-Rs.5
D:-Rs.10
Correct Answer:- Option-D
Question68:-As per which section of Kerala Panchayat Raj / Municipal audit system empowers detailed and yearly audit by Kerala State Audit Department?
A:-Section 10
B:-Section 8
C:-Section 12
D:-None of these
Correct Answer:- Option-A
Question69:-The number of cash book that have to be maintained in a Grama Panchayat :
A:-only one
B:-two
C:-many
D:-none of these
Correct Answer:- Option-A
Question70:-Who is the convenor of Grama sabha?
A:-Panchayat President
B:-Panchayat Secretary
C:-Ward member
D:-None of these
Correct Answer:- Option-C
Question71:-Who is the custodian of vehicle in a Grama Panchayat?
A:-President
B:-Secretary
C:-Chairman
D:-None of these
Correct Answer:- Option-B
Question72:-Milage test for a vehicle have to be done within _______ months.
A:-three months
B:-six months
C:-twelve months
D:-none of these
Correct Answer:- Option-B
Question73:-Who is liable for the excess payment caused due to Technical section from the following? A:-Secretary
B:-President
C:-Concerned Engineer
D:-None of these
Correct Answer:- Option-A
Question74:-For office collection, how many receipt book shall use at the same time?
A:-one
B:-two
C:-many
D:-none of these
Correct Answer:- Option-A
Question75:-Which one of the following is not allowed subsidy as per subsidy norms?
A:-Pump set
B:-Tractor
C:-Pressure cooker
D:-Well for irrigation
Correct Answer:- Option-C
Question76:-From the following items which one is not a centrally sponsored scheme?
A:-SGSY
B:-RSBY
C:-IAY
D:-EMS Housing scheme
Correct Answer:- Option-D
Question77:-Who is not an implementing officer in a Grama Panchayat among the following?
A:-Secretary
B:-Agriculture officer
C:-Chief Engineer
D:-Veterinary surgeon
Correct Answer:- Option-C
Question78:-Which one of the following institution is not audited by State Audit department?
A:-Panchayat
B:-Municipality
C:-Orphanage
D:-Treasury Dept.
Correct Answer:- Option-D
Question79:-The marriage assistance to the daughters of widows as per G.O.(M.S.)50/2008/dtd. 4.9.08 A:-Rs.5,000
B:-Rs.10,000
C:-Rs.25,000
D:-None of these
Correct Answer:- Option-B
Question80:-'Solatium' admissible for the purchase of land is _________ percentage of the price of land fixed by the Collector? A:-10%
B:-20%
C:-30%
D:-none of these
Correct Answer:- Option-C
Question81:-Contractor's profit admissible for a public works is fixed ________ percentage of estimated amount. A:-2%
B:-3%
C:-5%
D:-10%
Correct Answer:- Option-D
Question82:-The period of limitation of TA claim is _______ years from the date when the claim fell due for payment.
A:-one year
B:-two years
C:-three years
D:-none of these
Correct Answer:- Option-B
Question83:-From 1.4.1974, as increment shall be granted from the ________ day of the month in which it falls due.
A:-actual date of entry in service
B:-last day of the month
C:-first day of the month
D:-none of these
Correct Answer:- Option-C
Question84:-The leave is earned @ __________ of duty in the first year of officiating service.
A:-1/11th
B:-1/22nd
C:-1/30th
D:-none of these
Correct Answer:- Option-B
Question85:-Average emoluments mean the average of pay, dearness pay or any other addition treated as pay drawn during ________ of qualifying service. A:-12 months
B:-10 months
C:-6 months
D:-none of these
Correct Answer:- Option-B
Question86:-Who is the Treasurer of charitable endowments?
A:-Director of state audit department
B:-Finance Secretary
C:-Director of social welfare
D:-None of these
Correct Answer:- Option-A
Question87:-Hundred percent audit is conducted by which one of the following departments?
A:-Accountant general
B:-Performance audit
C:-State audit department
D:-None of these
Correct Answer:- Option-C
Question88:-GCDA is situated in which of the following district?
A:-Ernakulam
B:-kottayam
C:-Kozhikode
D:-None of these
Correct Answer:- Option-A
Question89:-kerala Bhasha Institute is established with an aim of developing _______ into an effective medium of communication. A:-Sanskrit
B:-English
C:-Hindu
D:-Malayalam
Correct Answer:- Option-D
Question90:-The salary of which one of the following departments is drawing on the second working day of a particular month. A:-treasury
B:-education
C:-revenue
D:-none of these
Correct Answer:- Option-B
Question91:-Commuted portion of pension shall be restored from the first month following the month in which a period of ________ years. A:-10 years
B:-12 years
C:-15 years
D:-none of these
Correct Answer:- Option-B
Question92:-A barrel of packed bitumen contains how many kilograms?
A:-140 kg
B:-150 kg
C:-156 kg
D:-160 kg
Correct Answer:- Option-C
Question93:-The custodian of the 'contingency fund' of the union is :
A:-Prime minister
B:-President
C:-Finance Minister
D:-Finance Secretary
Correct Answer:- Option-B
Question94:-Repayment of public debt is classified as :
A:-charged plan
B:-voted plan
C:-voted non plan
D:-charged non plan
Correct Answer:- Option-B
Question95:-Expenditure of Govt. by way of Grant-in-aid to local bodies is a ________ expenditure.
A:-revenue
B:-capital
C:-deposit
D:-advance
Correct Answer:- Option-A
Question96:-'Ways and means' refers to :
A:-raising of additional revenue
B:-raising of loan
C:-levying new taxes
D:-a method of maintaining sufficient cash balances not below the minimum limit stipulated by RBI Correct Answer:- Option-D
Question97:-Form of cash book is :
A:-TR 5
B:-TR 72
C:-TR 73
D:-TR 7 A
Correct Answer:- Option-D
Question98:-Register of pension payment order form is :
A:-TR 27
B:-TR 85
C:-TR 80
D:-TR 87
Correct Answer:- Option-C
Question99:-Outstanding features of democracy is accountability of administration to the A:-executive
B:-judiciary
C:-cabinet
D:-legislature
Correct Answer:- Option-D
Question100:-Unforeseen items of expenditure of Government are met from :
A:-suspense account
B:-public debt
C:-contingency fund
D:-consolidated fund
Correct Answer:- Option-C