FINAL ANSWER KEY
Paper: Kerala Financial Code (Paper II)
Date of Test 18-10-2020
Question1:-The Text of the Financial Code is contained in __________ of KFC.
A:-Vol I
B:-Vol II
C:-Vol III
D:-NOTA (None of the above)
Correct Answer:- Option-A
Question2:-The Formal acceptance by an administrative department of a proposal for incurring a specified amount of expenditure on a specified work required by, or in connection with that administrative department is called ______________
Question3:-The details of Revenue realised by Govt. are shown in the __________ of the receipt book.
A:-Duplicate
B:-Copy
C:-Counterfoil
D:-None of the above
Correct Answer:- Option-C
Question4:-One of the Duties of the Departmental Controlling Officers in respect of Maintenance of Accounts is to see that the reconciliation of the figures for March is completed, ____________
A:-Before the accounts of the year are closed
B:-By March itself
C:-Before Dec. 31st
D:-NOTA
Correct Answer:- Option-A
Question5:-Rent of a Govt. building used as residence should be fixed again by PWD for _________
A:-Pay revision of occupants
B:-Addition/Alterations subsequently made
C:-Tax revision of local body
D:-NOTA
Correct Answer:- Option-B
Question6:-Is there any obligation on the part of Disbursing Officer/Treasury Officer to intimate the Rent deduction to the occupants of Govt. building, on receipt of Demand Statement of Rent
A:-Legally obliged
B:-It is a practice
C:-Not obliged
D:-NOTA
Correct Answer:- Option-C
Question7:-When any Govt. building or property is let to a person not in Govt. service, the full assessed rent for __________ month should be recovered from him in advance.
A:-12 months
B:-6 months
C:-3 months
D:-NOTA
Correct Answer:- Option-D
Question8:-Every Heads of Department submit annually a statement showing the remissions of revenue sanctioned during the preceding financial year on or before
A:-March 31st
B:-June 1st
C:-September 30th
D:-Nota
Correct Answer:- Option-B
Question9:-Waiver of Revenue is the forsaking of recovery of over payments and other similar claims without exploring all possible means of -------- A:-Collection
B:-Write off
C:-Recovery
D:-Nota
Correct Answer:- Option-C
Question10:-The standards of Financial Propriety is the principles followed in
A:-Expenditure
B:-Payment
C:-Revenue
D:-Nota
Correct Answer:- Option-A
Question11:-In a direct a Store Purchase, Tender accepted within the period of one year of issue of sanction and no payment effected, Say sanction will remain
A:-Sanction will lapse
B:-Will not lapse
C:-Fresh sanction for payment needed
D:-Nota
Correct Answer:- Option-B
Question12:-What is the period of Notice required for an unconditional power of revocation or cancellation by Govt., from a Contract that likely to continue more than 5 years?
A:-One year
B:-9 months
C:-6 months
D:-3 months
Correct Answer:- Option-C
Question13:-A bill of claim that do not require Countersignature held to have become due on the date of
A:-Sanction to the claim
B:-It's accrual
C:-Sanction or accrual, which ever is later
D:-Date of submission
Correct Answer:- Option-C
Question14:-When do the claims of Travelling Allowance become due for payment
A:-After the close of the month of journey
B:-After one month of journey
C:-Immediately after journey
D:-After 3 months
Correct Answer:- Option-A
Question15:-Interest @18% per annum will be charged on the unutilized portion of Tour advance, from the
A:-date of travel to date of duty back
B:-date of drawl to date of travel
C:-date of drawl to date of refund
D:-date of travel to date of refund
Correct Answer:- Option-C
Question16:-The period of limitation of time to claim arrears of pay and allowances, including leave salary is __________ years from the date when the claim fell due for payment.
A:-5
B:-8
C:-10
D:-NOTA
Correct Answer:- Option-A
Question17:-What is the normal rate of recovery that may be made from the pay of Govt. Servant
A:-25%
B:-33`(1)/(3)` %
C:-40%
D:-NOTA
Correct Answer:- Option-B
Question18:-Audit Officer is empowered to report to govt as to the unremedied objections kept for more than ___________ months. A:-1
B:-2
C:-3
D:-6
Correct Answer:- Option-C
Question19:-The staff of Treasury dept. are allowed to encash their salary bills on __________ working day of a month. A:-30th
B:-1st
C:-2nd
D:-3rd
Correct Answer:- Option-B
Question20:-As soon as a Govt. Servant is admitted to the Provident Fund, the PF A/C No allotted should be noted on the right hand top of page 1 of his ___________ with rubber stamp or in red ink.
A:-PF Ledger
B:-PF Passbook
C:-Service book
D:-GE Register
Correct Answer:- Option-C
Question21:-Who is responsible for making appropriate deduction of Income Tax from the salary of any Govt. servant at the time of payment A:-Head of Office
B:-Disbursing Office
C:-Drawing Officer
D:-Treasury Officer
Correct Answer:- Option-B
Question22:-Who is to draw the pay of the debtor employee in cases where the Govt. servant concerned intentionally allows his pay to remain undisbursed or undrawn with a view to evading payment on account of dues to Co-op societies
A:-Disbursing Office
B:-Treasury Officer
C:-Head of Office
D:-Administrative head of Office
Correct Answer:- Option-D
Question23:-The Govt. Servant should himself, at the time of proposing for insurance, remit the first _________ instalments of the premium direct to LIC.
A:-One
B:-Two
C:-Three
D:-NOTA
Correct Answer:- Option-B
Question24:-Who are the authorities competent to sanction Contingent Expenditure
A:-Head of Office
B:-Gazetted Officer
C:-Non-gazetted subordinate
D:-All the above
Correct Answer:- Option-D
Question25:-A running contract is a contract for the supply of an approximate quantity of stores at a __________ price during a certain period. A:-Fixed
B:-Specified
C:-Market
D:-Competitive
Correct Answer:- Option-B
Question26:-Rate Contract are settled by ___________
A:-Heads of Department
B:-Finance Department
C:-Store Purchase Dept.
D:-NOTA
Correct Answer:- Option-C
Question27:-Form of Quotation notice is given in KFC Vol I as annexure _________
A:-I
B:-II
C:-III
D:-NOTA
Correct Answer:- Option-A
Question28:-In Annexure VIII, the standard form of supply order as per Article ________ of KFC Vol I is provided.
A:-148-a-ii
B:-140-IV
C:-141
D:-139-C
Correct Answer:- Option-D
Question29:-Before preparing the detailed Plan and Estimate for a proposed construction, priority is given to __________ A:-Fund allocation
B:-Selection of site
C:-Govt. Sanction
D:-NOTA
Correct Answer:- Option-B
Question30:-Clarify whether ant Govt. servant may enter into a contract for the execution of a work where no funds have been duly provided for it A:-Can't enter into a contract
B:-Can enter if hopeful of fund
C:-Can enter if only assurance of fund received
D:-NOTA
Correct Answer:- Option-C
Question31:-The necessity to start a work immediately on the occurrence of some sudden, unforeseen emergency and the methods of execution are explained in Article ___________ of KFC Vol I.
A:-185
B:-186
C:-188
D:-NOTA
Correct Answer:- Option-A
Question32:-During the execution of a work departmentally, the wages of labour engaged are drawn on Muster Rolls, which is prepared for each ____________
A:-Day
B:-Week
C:-Month
D:-NOTA
Correct Answer:- Option-C
Question33:-All works done otherwise than by daily labour and all supplies relating to a work are recorded in ___________ A:-Log book
B:-M book
C:-Work register
D:-NOTA
Correct Answer:- Option-B
Question34:-Governor, Board of Revenue, Dist Collector, RDO and Tahsildar have the right to sanction _________ Grant. A:-Discretionary
B:-Compassionate
C:-Natural calamity
D:-NOTA
Correct Answer:- Option-A
Question35:-Grants-in-aid and Contributions to local bodies are regulated by __________
A:-KFC Art. 212
B:-General or Special order of Govt.
C:-Treasury
D:-NOTA
Correct Answer:- Option-B
Question36:-Rules for payment of Building and Furniture Grants to Libraries allows assistance not exceeding ____________ of the estimate for building and furniture.
A:-25%
B:-40%
C:-50%
D:-NOTA
Correct Answer:- Option-C
Question37:-What is the amount payable to the transportation of deadbody of a govt. servant dying in Harness? A:-TA claim from work place to residence after retirement
B:-Salary for one month
C:-Actual expenses
D:-NOTA
Correct Answer:- Option-A
Question38:-Which authority has the power to sanction any advance for purchase of motor conveyance?
A:-Accountant General
B:-Govt.
C:-Head of Dept.
D:-Finance Dept.
Correct Answer:- Option-B
Question39:-Marriage advance amount equal to __________ times of basic pay, subject to a maximum of Rs. 30,000 is sanctioned to class IV employee as marriage assistance of their female children.
A:-15
B:-20
C:-25
D:-NOTA
Correct Answer:- Option-A
Question40:-Advance pay sanctioned to a transferred employee should be recovered from his salary in __________ monthly instalments. A:-5
B:-4
C:-3
D:-NOTA
Correct Answer:- Option-C
Question41:-The scheme of 'writing off' the liabilities of govt. servants dying in harness, up to 2 Lakh was come into force with effect from __________
A:-16.9.1985
B:-17.6.1997
C:-01.7.2014
D:-NOTA
Correct Answer:- Option-B
Question42:-What is the limit of money that a class IV staff can transmit from his office
A:-2,00,000
B:-1,00,000
C:-50,000
D:-25,000
Correct Answer:- Option-C
Question43:-Every application for extension of leave to a gazetted Officer should reach Govt. not less than __________ weeks before expiry of leave already granted.
A:-One
B:-Two
C:-Three
D:-Four
Correct Answer:- Option-B
Question44:-Who is to report the matter of death of a Pensioner, to the Disbursing Officer?
A:-Treasury Officer
B:-Head of Office
C:-Village Officer/Executive Authority
D:-NOTA
Correct Answer:- Option-C
Question45:-What extend of land can be transferred from one dept. to another, by the Board of Revenue?
A:-Fifty cents
B:-Below one Acre
C:-One to two acres
D:-Two to five acres
Correct Answer:- Option-D
Question46:-State whether Railway warrants for traveling can be issued for Mail trains
A:-Yes
B:-No
C:-By explaining the reasons
D:-For higher officials
Correct Answer:- Option-C
Question47:-The Premium Deduction book of a policyholder is kept by
A:-Policyholder
B:-Head of office
C:-LIC local branch
D:-NOTA
Correct Answer:- Option-A
Question48:-KFC Form 9 is the copy of __________ executed by the heirs of a deceased govt. servant with Govt. while claiming the arrears of pay and allowances.
A:-Surety bond
B:-Indemnity bond
C:-Agreement
D:-NOTA
Correct Answer:- Option-B
Question49:-Certificate showing utilisation of Grants-in-aid, namely "Form of Utilisation Certificate" is available as ___________ A:-Form 44, KFC II
B:-Form 45, KFC
C:-Form 46, KFC
D:-NOTA
Correct Answer:- Option-A
Question50:-Report of Transfer of Charge as per Form 7, KFC is signed in order by
A:-Relieving Officer and Controlling Officer
B:-Relieved Officer and Controlling Officer
C:-Relieving and Relieved Officers
D:-Relieved and Relieving Officers
Correct Answer:- Option-D
Question51:-The complete accounts of the Central Govt. and each State Govts. are maintained at the Central Accounts Section of Reserve Bank of India at ____________
A:-Nagpur
B:-Mumbai
C:-Kolkata
D:-Delhi
Correct Answer:- Option-A
Question52:-Cash balances held in a State Treasury form part of the following of the state to which the treasury belong A:-Consolidated fund
B:-Public account
C:-Contingency fund
D:-All the above
Correct Answer:- Option-D
Question53:-Day book is used in _________
A:-AG's Office
B:-Banks
C:-Treasuries
D:-NOTA
Correct Answer:- Option-C
Question54:-Contingency fund of the State is under the custody of __________
A:-Govt.
B:-Finance Dept
C:-Governor
D:-NOTA
Correct Answer:- Option-C
Question55:-The Reserve Bank of India Act was enacted in the year
A:-1908
B:-1934
C:-1947
D:-1950
Correct Answer:- Option-B
Question56:-A Check Register in Form _________ is maintained in all treasuries for the record of all cash and transfer transactions. A:-TA 2
B:-TA 3
C:-TA 4
D:-TA IV
Correct Answer:- Option-B
Question57:-Register of Reserve Bank Deposits are maintained in Form
A:-TA 3
B:-TA 4
C:-TA 5
D:-NOTA
Correct Answer:- Option-C
Question58:-The remittance made directly or through currency chest between any two treasuries, both under a ___________ is classified as local remittance.
A:-State Govt.
B:-Single Govt.
C:-Central Govt.
D:-NOTA
Correct Answer:- Option-B
Question59:-Transactions of all Local Funds are entered in Personal Deposit Register, which is maintained in ____________ A:-Form 15
B:-Form 18
C:-Form 20
D:-NOTA
Correct Answer:- Option-A
Question60:-The transactions of all local funds including Municipal and Cantonment funds are recorded in the forms used for Personal Deposits, but kept quite distinct as
A:-Public Deposit
B:-Local Funds
C:-Private Deposit
D:-NOTA
Correct Answer:- Option-B
Question61:-The procedure of adjustment of Municipal Rates and Taxes on Govt. buildings are explained in Article ___________ of KAC I. A:-40
B:-42
C:-45
D:-NOTA
Correct Answer:- Option-A
Question62:-All amounts due to Govt. which are found to be irrevocable are __________ from Debt head a/c.
A:-Subtracted
B:-Written off
C:-Transferred
D:-NOTA
Correct Answer:- Option-B
Question63:-In the following, which is not a Tax Revenue
A:-Tax on Income and Expenditure
B:-Tax on property and Capital Transactions
C:-Tax on Commodities and Service
D:-Interest receipt, profit
Correct Answer:- Option-D
Question64:-Which one among the following included in the list of Standard detailed head
A:-Salaries
B:-Wages
C:-Travel expenses
D:-All the above
Correct Answer:- Option-D
Question65:-Recoveries on account of Committed Value of Pensions effected from other Govt.s should be treated as deduction from ___________ A:-Expenditure
B:-Payment
C:-Recovery
D:-NOTA
Correct Answer:- Option-A
Question66:-Agreement between the Raj Pramukh of Travancore-Cochin and Reserve Bank of India towards general banking business was signed on ___________
A:-15.8.1947
B:-26.1.1950
C:-30.6.1952
D:-NOTA
Correct Answer:- Option-C
Question67:-Contingency Fund is provided to the Central/State Govts. to meet _______ expenses.
A:-Unforeseen
B:-Regular
C:-Debt payments
D:-NOTA
Correct Answer:- Option-A
Question68:-Finance Dept. issue circular to whom, to prepare Departmental Estimates for Budget
A:-Chief Secretary
B:-Dist Collector
C:-All Heads of Department
D:-NOTA
Correct Answer:- Option-C
Question69:-Appropriation Act is the legal authority for the withdrawal of money from __________ Fund.
A:-Consolidated
B:-Contingency
C:-State Fund
D:-NOTA
Correct Answer:- Option-A
Question70:-In State Assembly who place the Budget before the Legislature
A:-Finance Minister
B:-Chief Minister
C:-Finance Secretary
D:-NOTA
Correct Answer:- Option-A
Question71:-Chapterwise classification of contents are made in _________
A:-Kerala Financial Code
B:-Kerala Budget Manual
C:-Kerala Account Code
D:-NOTA
Correct Answer:- Option-B
Question72:-Demand for Grant is the request of ___________ to _________ for a specified sum of money.
A:-Finance Minister to Legislature
B:-Finance Department to Legislature
C:-Executive to Legislature
D:-NOTA
Correct Answer:- Option-C
Question73:-Supplementary Demand for Grant is the request for funds for a __________ service.
A:-New
B:-Existing
C:-Old
D:-NOTA
Correct Answer:- Option-A
Question74:-Govt. Accounts are classified into ___________ tier system.
A:-3
B:-4
C:-5
D:-NOTA
Correct Answer:- Option-C
Question75:-To meet unforeseen expenditure, to avoid delay in drawing money from treasury, to avoid official and other formalities, what amount is sanctioned to Govt. Offices
A:-Permanent Advance
B:-Petty Cash
C:-Contingency Fund
D:-NOTA
Correct Answer:- Option-A
Question76:-Vote on account is the advance grant given by Assembly to meet the expenditure for ___________
A:-Next Financial Year
B:-Part of New Year
C:-Current Year
D:-NOTA
Correct Answer:- Option-B
Question77:-Sanctioning of Refund of Revenue are subject to the following
A:-Book of Financial Powers
B:-Administrative orders
C:-Departmental manuals and standing orders
D:-All the above
Correct Answer:- Option-D
Question78:-What is the reason for Surrender of Budget allocation?
A:-Excess and unexpended stages of allotments
B:-Surplus allotments
C:-Stagnant plan situations
D:-NOTA
Correct Answer:- Option-A
Question79:-Scrutiny of estimates prepared by departments are explained in ___________ of KBM.
A:-Chapter 45
B:-Chapter 48
C:-Chapter 50
D:-NOTA
Correct Answer:- Option-B
Question80:-Who examine the Logbook and issue certificate for claiming amount for petrol etc from Treasury?
A:-Drawing Officer
B:-Driver
C:-Head of Dept.
D:-NOTA
Correct Answer:- Option-A
Question81:-In ordinary tenders for store purchase, 2 month time is granted for ___________
A:-Withdrawal from Contract
B:-Paying EMD
C:-Firmness of rate
D:-NOTA
Correct Answer:- Option-C
Question82:-Leave application should reach Govt. one month prior to data of leave, in the case of _________ Officers. A:-Gazetted
B:-Non gazetted
C:-Head of Department
D:-NOTA
Correct Answer:- Option-A
Question83:-Interest @ 18% is charged on unutilized portion of ___________ Advance.
A:-Festival
B:-Tour
C:-Pay
D:-NOTA
Correct Answer:- Option-B
Question84:-Copy of Govt. orders shall be communicated to the Accountant General, related to ___________ Officers. A:-Gazetted
B:-Govt. Secretaries
C:-Heads of Department
D:-NOTA
Correct Answer:- Option-A
Question85:-What steps are to be taken by a Govt. servant before finally entering in to a Contract on behalf of Govt.? A:-Financial advice
B:-Departmental Codes and GOs
C:-Legal advise
D:-All the above
Correct Answer:- Option-D
Question86:-Sanction from Head of Department become necessary when a claim against Govt. not represented with in ___________ years. A:-2
B:-5
C:-8
D:-10
Correct Answer:- Option-A
Question87:-Six years is the period limited to claim the arrears of ____________ from the date when claim fell due for payment. A:-Pension
B:-Gratuity
C:-Pay
D:-NOTA
Correct Answer:- Option-B
Question88:-Under provisions of Govt. of India (Audit and Accounts) order 1936, who possess the power to certify certain documents as "Secret" A:-CAG
B:-President
C:-Governor
D:-NOTA
Correct Answer:- Option-C
Question89:-How many states in India are out of business control of RBI?
A:-1
B:-2
C:-3
D:-NOTA
Correct Answer:- Option-A
Question90:-In a Rate Contract, the supply of stores are expected in ____________ rates during the period covered by Contract. A:-Fixed
B:-Specified
C:-Flexible
D:-NOTA
Correct Answer:- Option-B
Question91:-When a Govt. servant buys materials for the execution of a work, what rules he should comply?
A:-Stores Purchases Rules
B:-Agreement Conditions
C:-GST Rules
D:-NOTA
Correct Answer:- Option-A
Question92:-Payment of bill to a Contractor is strictly limited after ___________
A:-Signing of Agreement
B:-Completion of work
C:-Check measurement of work
D:-NOTA
Correct Answer:- Option-C
Question93:-Procedure for sanctioning Grants to Libraries and Grandhasala Sanghom are explained in Article __________ of KFC I. A:-210
B:-215
C:-220
D:-NOTA
Correct Answer:- Option-B
Question94:-Which body decide the grades of Libraries in Kerala?
A:-Library Council
B:-Kerala Grandhasala Sanghom
C:-DPI
D:-NOTA
Correct Answer:- Option-D
Question95:-Contributions to the Devaswam Fund is made by Govt. as per __________
A:-Article 229 of KFC
B:-Article 290-A of Indian Constitution
C:-Cabinet decisions
D:-NOTA
Correct Answer:- Option-B
Question96:-Advances to Govt. Servants are sanctioned in accordance with rules contained in Articles _____________ of KFC I. A:-220 - 225
B:-226 - 238
C:-229 - 246
D:-NOTA
Correct Answer:- Option-D
Question97:-Advance for purchase of Motor Car, to Govt. servant is dealt with in Article __________ KFC I.
A:-242
B:-243
C:-244
D:-NOTA
Correct Answer:- Option-A
Question98:-A second Motor conveyance advance is eligible to a Govt. servant after full repayment of earlier advance and lapse of ___________ years. A:-10
B:-15
C:-20
D:-NOTA
Correct Answer:- Option-B
Question99:-What is the minimum period of service further required to a Govt. servant for retirement, to avail House building advance? A:-2
B:-5
C:-8
D:-10
Correct Answer:- Option-A
Question100:-After disbursement of loan from KSHB, period allowed for construction of building is just ____________ years. A:-5
B:-3
C:-2
D:-1
Correct Answer:- Option-D