23-02-2019 Local Fund Audit Department Test - Lower - II Paper

 FINAL ANSWER KEY 

Paper: General Knowledge Precis and Drafting (Paper II) 

Medium of Question: English 

Date of Examination 23­02­2019 

Question1:­The ____________ shall be elected by the members of an electoral college consists of both houses of parliament and legislature assembles of States. A:­President 

B:­Prime Minister 

C:­Vice President 

D:­Chief Justice of India 

Correct Answer:­ Option­A 

Question2:­The President shall appoint a person who is qualified to be appointed as a judge Supreme Court to be ____________. 

A:­Minister 

B:­Attorney General of India 

C:­Prime Minister 

D:­Comptroller and Auditor General of India 

Correct Answer:­ Option­B 

Question3:­Time Bound higher grade promotion as per GOP.7/16/Fin dt. 20.1.2016 will take effect from _____________. 

A:­1.4 .2014 

B:­1.4 .2016 

C:­1.2.2016 

D:­1.4 .2017 

Correct Answer:­ Option­C 

Question4 :­Maximum number of stagnation increment will be, as per pay revision with effect from 1.7.2014 , is 5 out of which 4 will be annual and fifth one is ___________. A:­After 5 years 

B:­Annual 

C:­After 3 years 

D:­Biennial 

Correct Answer:­ Option­D 

Question5:­The maximum basic pay after adding stagnation increments, with effect from 1.7.2014 will be ______________. 

A:­Rs. 1,20,000 

B:­Rs. 1,20,000 + 5 increments 

C:­Rs. 1,20,000 + 4 increments 

D:­None of the above 

Correct Answer:­ Option­A 

Question6:­State government employees working in New Delhi will be eligible for H.R.A. @ _______________. 

A:­B2 class cities and above 

B:­Govt. of India rates 

C:­Rate as per other places 

D:­None of the above 

Correct Answer:­ Option­B 

Question7:­Rent at revised rates will be recovered from Govt. employees residing in Govt. quarters with effect from 

A:­1.7.2014 

B:­1.4 .2016 

C:­1.2.2016 

D:­1.2.2015 

Correct Answer:­ Option­C 

Question8:­The cost incurred towards the purchase of spectacle will be reimbursed once in __________ years as per pay revision from 1.7.2014 . A:­a year 

B:­2 

C:­3 

D:­5 

Correct Answer:­ Option­D 

Question9:­Special commands allowance is allowed to Special Commando's of ____________ department. 

A:­Excise 

B:­Vigilance 

C:­Police 

D:­None of the above 

Correct Answer:­ Option­C 

Question10:­Child Care Allowance admissible to female employees having mentally challenged children will be _____________ per annum for each child with effect from 1.7.2014 . A:­18,000 

B:­12,000 

C:­28,000 

D:­21,000 

Correct Answer:­ Option­A 

Question11:­Special allowance to differently abled employees is Rs. ____________ as per the pay revision order 2014 . 

A:­700 

B:­800 

C:­500 

D:­None of the above 

Correct Answer:­ Option­B 

Question12:­The charge allowance for holding full additional charge with effect from 1.2.2016 is ______________ of pay. 

A:­1% 

B:­2% 

C:­3% 

D:­4 % 

Correct Answer:­ Option­D 

Question13:­The maximum period of charge allowance payable is _____________. 

A:­3 months 

B:­5 months

C:­6 months 

D:­9 months 

Correct Answer:­ Option­A 

Question14 :­Mileage allowance for road journey is _______________ per km w.e.f. 1.7.2014 . 

A:­Rs. 1 

B:­Rs. 2 

C:­Rs. 0.50 

D:­Rs. 0.75 

Correct Answer:­ Option­B 

Question15:­The maximum limit of Hase Building Advance on or after 1.4 .2016 is ____________. 

A:­Rs. 25 lakh 

B:­Rs. 22 lakh 

C:­Rs. 20 lakh 

D:­Rs. 30 lakh 

Correct Answer:­ Option­C 

Question16:­Rule 28 A Part I KSR will not apply to promotions/appointments to post carrying a higher time scale of pay, the minimum of which exceeds Rs. A:­68,700 

B:­55,350 

C:­60,900 

D:­4 5,800 

Correct Answer:­ Option­A 

Question17:­Fixation of pay under rule _____________ Part I KSR will apply for promotions/appointments to post carrying a higher time scale of pay, the minimum of which exceeds Rs. 68,700. A:­37(b) 

B:­28 

C:­28A 

D:­37(a) 

Correct Answer:­ Option­D 

Question18:­Maximum family pension (normal rate) with effect from 1.7.2014 is ______________. 

A:­36,000 

B:­60,000 

C:­72,000 

D:­8,500 

Correct Answer:­ Option­A 

Question19:­Maximum Basic Pension from 1.7.2014 is 

A:­36,000 

B:­60,000 

C:­72,000 

D:­1,20,000 

Correct Answer:­ Option­B 

Question20:­For calculation of Revised basic pension, the fitment benefit reckoned in respect of these retired prior to 1.7.2014 is 

A:­12% 

B:­15% 

C:­18% 

D:­10% 

Correct Answer:­ Option­C 

Question21:­The exgratia family pension shall be paid to spouse only upto the date of re­marriage or death which ever is earlier with effect from ____________. A:­1.2.2016 

B:­1.4 .2015 

C:­1.4 .2016 

D:­1.7.2014 

Correct Answer:­ Option­D 

Question22:­The fitment benefit allowed for fixation of pay of Govt. employees, in the revised scale of pay sanctioned from 1.7.2014 is ___________. A:­15% 

B:­12% 

C:­18% 

D:­None of the above 

Correct Answer:­ Option­B 

Question23:­For fixation of pay in the revised scale of pay sanctioned w.e.f. 1.7.2014 , the amount of fitment benefit and service weightage taken together shall not exceed A:­6,000 

B:­10,000 

C:­12,000 

D:­8,000 

Correct Answer:­ Option­C 

Question24 :­An officer shall not be eligible to draw his _____________ increment until he subscribes G.I.S. 

A:­2nd 

B:­third 

C:­1st 

D:­none of the above 

Correct Answer:­ Option­C 

Question25:­An auditor of Kerala State Audit deputed for departmental training for 4 months in Trivandrum are eligible for DA at the rate of full DA for 30 days, 3/4 DA for 60 days and 1/2 DAfA:­1.5.2012 

B:­1.6.2011 

C:­1.4 .2012 

D:­26.5.2012 

Correct Answer:­ Option­D 

Question26:­The amount of TA advance shall not be exceed the amount of TA became ____________ for the journey. 

A:­75% 

B:­50% 

C:­Entitled 

D:­None of the above 

Correct Answer:­ Option­C

Question27:­The period of limitation of claim of TA is ____________ from the date when the claim fell due. 

A:­3 years 

B:­4 years 

C:­2 years 

D:­5 years 

Correct Answer:­ Option­C 

Question28:­Commuted portion of pension shall be restored from ____________ following the month in which a period of 12 years elapsed from the date of commutation. A:­2nd month 

B:­1st month 

C:­third month 

D:­none of the above 

Correct Answer:­ Option­B 

Question29:­If a pension remain undrawn for more than ____________ the pension ceases to be payable. 

A:­5 years 

B:­4 years 

C:­2 years 

D:­3 years 

Correct Answer:­ Option­D 

Question30:­Male employees shall be granted paternity leave for ____________ days on the confinement of his wife for two deliveries. 

A:­20 

B:­30 

C:­10 

D:­4 5 

Correct Answer:­ Option­C 

Question31:­Physically handicapped employees are eligible for conveyance allowance during the time of _____________. 

A:­HPL 

B:­L.W.A. 

C:­Earned Leave 

D:­Spl. Casual Leave 

Correct Answer:­ Option­D 

Question32:­Leave to "Visit Children Living Country" can be granted upto ____________ months. 

A:­6 

B:­12 

C:­9 

D:­10 

Correct Answer:­ Option­A 

Question33:­The Kerala Panchayat Act 1960 is Act 32 of ___________. 

A:­1961 

B:­1960 

C:­1994 

D:­1996 

Correct Answer:­ Option­B 

Question34 :­An audit of a accounts pertaining to a specific item requiring thorough examination as specified by the Director is called 

A:­Detailed audit 

B:­Re­audit 

C:­Local audit 

D:­Special audit 

Correct Answer:­ Option­D 

Question35:­An amount for which the auditor, in exercise of powers vested in him under L.F.A. Act, makes a person liable for loss of any money belonging to Local Authority is called __________A:­Revenue recovery 

B:­Charge 

C:­Licence fee 

D:­Surcharge 

Correct Answer:­ Option­D 

Question36:­The provisions of C and A.G. (Duties, Powers and Conditions of Service) Act is Central Act _____________. 

A:­54 of 1971 

B:­56 of 1971 

C:­57 of 1971 

D:­51 of 1971 

Correct Answer:­ Option­B 

Question37:­No authority, body, institution or local fund included in the schedule under Sn.3(1) shall be omitted therefrom except by the authority of a law, made by the State ____________. A:­Governor 

B:­Minister 

C:­Chief Minister 

D:­Legislature 

Correct Answer:­ Option­D 

Question38:­The Director may audit the accounts of any authority or body not included in the Schedule, with the previous sanction of ____________. A:­Government 

B:­Accountant General 

C:­Governor 

D:­None of the above 

Correct Answer:­ Option­A 

Question39:­The Director may seek the services of any technical expert for the audit of accounts of stores and stock kept by a local authority, with the sanction of ___________. A:­A.G. 

B:­Government 

C:­Governor 

D:­Local Authority 

Correct Answer:­ Option­B 

Question4 0:­Auditor to be deemed to be Public Servant with in the meaning of Section __________ of Indian Penal Code. 

A:­20

B:­18 

C:­21 

D:­17 

Correct Answer:­ Option­C 

Question4 1:­The accounts of a Local authority relating to a financial year shall be prepared by the Executive Authority and presented for audit with in __________ months of the close of that financA:­6 

B:­3 

C:­9 

D:­4 

Correct Answer:­ Option­D 

Question4 2:­The Audit of the accounts, prepared and presented for audit, shall be completed by the auditor with in __________ months of the date of its presentation for audit. A:­3 

B:­12 

C:­6 

D:­9 

Correct Answer:­ Option­C 

Question4 3:­Auditor shall send to the Local Authority a report on the accounts audited not later than _________ months after completion of the audit. A:­3 

B:­4 

C:­6 

D:­2 

Correct Answer:­ Option­A 

Question4 4 :­The Executive Authority concerned shall remedy the defects which may have been pointed out in the report and send to the Director with in __________ month's of receipt of the report. A:­Two 

B:­Three 

C:­One 

D:­Four 

Correct Answer:­ Option­A 

Question4 5:­Where the Local Authority does not pay the audit charge with in one year from the date of its become due, the amount of audit charge will be recovered from the Local authority as if it A:­Loan recovery 

B:­Public revenue on land 

C:­Arrears of Govt. dues 

D:­None of the above 

Correct Answer:­ Option­B 

Question4 6:­In case the Executive Authority has discovered any defalcation and is reported to Director, on receipt of a report, the Director shall immediately conduct __________. A:­Detailed audit of the institution 

B:­Conduct concurrent audit 

C:­A special audit of local body 

D:­Conduct local audit 

Correct Answer:­ Option­C 

Question4 7:­The Director shall send to the Govt. ________ a consolidated report of the accounts audited by him. 

A:­In three years 

B:­Half yearly 

C:­Quarter yearly 

D:­Annually 

Correct Answer:­ Option­D 

Question4 8:­The Govt. shall with in a period of __________ months after the receipt of the same, cause it to be laid before the Legislative Assembly. A:­3 

B:­4 

C:­6 

D:­2 

Correct Answer:­ Option­A 

Question4 9:­Notice of audit under subsection 3 of section 11 of the Act, shall be given at least ________ days in advance. 

A:­7 

B:­14 

C:­10 

D:­3 

Correct Answer:­ Option­A 

Question50:­In the case of Panchayats and Municipalities whose accounts are audited annually in local audit the auditors shall check the details of collection, remittance and withdrawals from accouA:­Completion of audit 

B:­Commencement of audit 

C:­Last day of the year 

D:­None of the above 

Correct Answer:­ Option­B 

Question51:­The accounts of Hindu Religions and charitable Endowments institutions in Malabar and Kasargod area whose annual income is not less then ­ shall be audited by Director A:­10000 

B:­5000 

C:­7000 

D:­8000 

Correct Answer:­ Option­A 

Question52:­When a fraud or misappropriation is detected, the auditor shall at once confidently report circumstances in writing to the Executive Authority and also to the ________. A:­Police 

B:­Director of Local Fund Audit 

C:­Govt. 

D:­Vigilance 

Correct Answer:­ Option­B 

Question53:­The proforma accounts and statements of expenditure relating to the grants sanctioned to the universities by other financial agencies for specified schemes shall be presented for audit asA:­in progress 

B:­finalised 

C:­along with annual financial statement

D:­none of the above 

Correct Answer:­ Option­B 

Question54 :­The annual accounts of Local authority presented for audit is defective, shall be returned to the Executive Authority concerned for rectification of the defects. Such annual accounts shall__________. 

A:­the date of receipt of defective annual account 

B:­the date of receipt of Annual accounts after rectification 

C:­date of preparation of annual accounts after rectifications 

D:­none of the above 

Correct Answer:­ Option­B 

Question55:­The President of the Panchayat shall be full time __________ of the Panchayat. 

A:­Officer 

B:­Servant 

C:­Functionary 

D:­None of the above 

Correct Answer:­ Option­C 

Question56:­The Govt. may in consultation with ______ appoint an officer not below the rank of additional secretary to Govt. as secretary to the state Election Commission. A:­State Election Commission 

B:­Minister 

C:­Chief Secretary 

D:­None of the above 

Correct Answer:­ Option­A 

Question57:­Executive power of union shall be vested in the ___________. 

A:­President 

B:­Vice President 

C:­Prime Minister 

D:­Lok Sabha speaker 

Correct Answer:­ Option­A 

Question58:­Ministers shall be appointed by Governor on the advice of the _______ in respect of state. 

A:­Chief Minister 

B:­Legislative council 

C:­Speaker 

D:­None of above 

Correct Answer:­ Option­A 

Question59:­The Governor shall in respect of every financial year cause to be laid before the House of the Legislative of the State a statement of the estimated receipts and expenditure of the State foA:­Income and Expenditure statement 

B:­Annual financial statement 

C:­Finance account 

D:­None of the above 

Correct Answer:­ Option­B 

Question60:­If any question arises whether a Bill introduced in the legislature of a state which has a legislative council is a money bill or not, the decision of the ___________ of the Legislative AssA:­Finance Minister 

B:­Chief Minister 

C:­Speaker 

D:­Dy. Speaker 

Correct Answer:­ Option­C 

Question61:­The Legislative Assembly of a State have power to make any grant in advance in respect of the estimated expenditure for a part of any financial year, pending the completion of the procgrant and the passing of the law in accordance with the provisions of article 204 in relation to that expenditure 

A:­Vote on account 

B:­Votes of credit 

C:­Exceptional grant 

D:­None of the above 

Correct Answer:­ Option­A 

Question62:­Every Judge of the Supreme Court shall be appointed by ___________ by warrant under his hand and seal. 

A:­Chief Justice 

B:­President 

C:­National judicial commission 

D:­None of the above 

Correct Answer:­ Option­B 

Question63:­The comptroller and Auditor General of India shall only be removed from office in like manner and on the like grounds as a __________. A:­Minister 

B:­Chief Minister 

C:­Judge a Supreme Court 

D:­Prime Minister 

Correct Answer:­ Option­C 

Question64 :­The reports of C and AG of India relating to the accounts of union shall be submitted to the __________. 

A:­Prime Minister 

B:­Speaker 

C:­Chief Justice 

D:­President 

Correct Answer:­ Option­D 

Question65:­The accounts of the union and of the states shall be kept in such form as _________ may on the advice of C and AG of India prescribe. A:­Prime Minister 

B:­Parliament 

C:­Speaker 

D:­President 

Correct Answer:­ Option­D 

Question66:­The reports of the C and AG of India relating to the accounts of a State shall be submitted to the Governor of the State who shall cause them to be laid before ___________. A:­Parliament 

B:­Council of states 

C:­Legislature of the State

D:­None of the above 

Correct Answer:­ Option­C 

Question67:­A Governor shall hold office for a term of ________ years from the date on which be enters upon his office. 

A:­7 

B:­3 

C:­6 

D:­5 

Correct Answer:­ Option­D 

Question68:­All executive action of the Govt. of a State shall be expressed to be taken in the name of the __________. 

A:­Chief Minister 

B:­Chief secretary 

C:­Governor 

D:­None of above 

Correct Answer:­ Option­C 

Question69:­It shall be the duty of __________ of each state to communicate to the Governor of the State all decisions of the Council of Ministers relating to the administration of the affairs of theA:­Speaker 

B:­Chief Minister 

C:­Chief Secretary 

D:­Home Minister 

Correct Answer:­ Option­B 

Question70:­Whose salaries and allowances nor be 'Expenditure Charged' on the consolidated fund of the state? 

A:­Governor 

B:­Dy. Speaker 

C:­Speaker 

D:­Chief Minister 

Correct Answer:­ Option­D 

Question71:­The administrative expenses of a High court including all salaries and allowances and pensions payable to or in respect of the officers and servants of the court, shall be _________ upoA:­Charged 

B:­Voted 

C:­Not charged 

D:­None of the above 

Correct Answer:­ Option­A 

Question72:­__________ means a body consisting of persons registered in the electoral rolls relating to a village comprised with in the area of a Panchayat at the village level. A:­Municipality 

B:­Gramasabha 

C:­Metrocity 

D:­Township 

Correct Answer:­ Option­B 

Question73:­___________ means an institution of self government constituted under article 24 3 B of constitution of India of rural areas. 

A:­Gramasabha 

B:­Panchayat 

C:­Municipality 

D:­Township 

Correct Answer:­ Option­B 

Question74 :­The Governor of the State shall at the expiration of every 5th year, Constitute a ________ to review the financial position of the Panchayat and make recommendations to the Governorconsolidated fund of the state. 

A:­Public service commission 

B:­Finance commission 

C:­Election commission 

D:­None of the above 

Correct Answer:­ Option­B 

Question75:­The legislature of a state may be law make provisions with respect to the maintenance of accounts of the panchayats and the auditing of such accounts as article ____________ of constiA:­24 3 M 

B:­24 3 L 

C:­24 3 N 

D:­24 3 J 

Correct Answer:­ Option­D 

Question76:­Municipal area shall be divided into territorial constituencies known as __________. 

A:­Nagar Panchayat 

B:­Town ship 

C:­Wards 

D:­None of the above 

Correct Answer:­ Option­C 

Question77:­___________ means an area having a population of ten lakhs or more comprised in one or more districts and consisting of two or more municipalities or panchayats specified by GoverA:­Township 

B:­Metropolitan Area 

C:­Corporation 

D:­None of the above 

Correct Answer:­ Option­B 

Question78:­Specify the article in the constitution of India ''provisions as to financial emergency'' 

A:­34 0 

B:­360 

C:­359 

D:­358 

Correct Answer:­ Option­B 

Question79:­___________ are statement of facts relating to money or things having money value. 

A:­Audit 

B:­Cash 

C:­Accounts 

D:­Cheque

Correct Answer:­ Option­C 

Question80:­The person whose duty it was to check public accounts become known as __________. 

A:­Accountant 

B:­Auditor 

C:­Cashier 

D:­None of the above 

Correct Answer:­ Option­B 

Question81:­In a parliamentary set up the overall process of control over financial administration in a state is __________ fold one. A:­4 

B:­1 

C:­2 

D:­3 

Correct Answer:­ Option­D 

Question82:­Each state has a separate consolidated fund entitled the ____________. 

A:­Consolidated fund of central 

B:­Consolidated fund of Union Govt. 

C:­Consolidated fund of Union territory 

D:­Consolidated fund of state 

Correct Answer:­ Option­D 

Question83:­Annual financial statement is commonly known as ___________. 

A:­Budget 

B:­Expenditure statement 

C:­Income statement 

D:­Finance accounts 

Correct Answer:­ Option­A 

Question84 :­The term __________ refers to methods of maintaining the Govt.'s daily cash balance at a level sufficient to meet its day to day requirements. A:­Balance sheet 

B:­Money bill 

C:­Ways and means 

D:­None of the above 

Correct Answer:­ Option­C 

Question85:­Resource operations is carried out by the currency officer of the __________. 

A:­Treasury 

B:­State bank of Travancore 

C:­NABARD 

D:­Reserve Bank of India 

Correct Answer:­ Option­D 

Question86:­The treasuries situated in a state as are controlled by the State Govt are called __________. 

A:­State treasuries 

B:­Principal sub treasury 

C:­Additional treasury 

D:­District treasury 

Correct Answer:­ Option­A 

Question87:­Audit reports of State are examined by the _____________. 

A:­Finance Committee 

B:­Public Accounts Committee 

C:­Committee of public undertakings 

D:­None of the above 

Correct Answer:­ Option­B 

Question88:­The Govt. accounts being on ___________ is kept on single entry. 

A:­Accruel system 

B:­Credit system 

C:­Cash basis 

D:­None of the above 

Correct Answer:­ Option­C 

Question89:­Pension payment order consists of _____________ halves. 

A:­2 halves 

B:­4 halves 

C:­3 halves 

D:­None of the above 

Correct Answer:­ Option­A 

Question90:­The G.P.F. Accounts are maintained by __________. 

A:­Treasury Director 

B:­Accountant General 

C:­Head of Department 

D:­None of the above 

Correct Answer:­ Option­C 

Question91:­It is the duty of __________ to bring to notice through its reports wastefulness in public administration and infratuous expenditure. A:­Executive 

B:­Performance audit 

C:­Audit 

D:­None of the above 

Correct Answer:­ Option­C 

Question92:­The fundamental object of audit is to secure real value for the tax payers _________. 

A:­Interest 

B:­Security 

C:­Cash 

D:­Money 

Correct Answer:­ Option­D 

Question93:­An __________must develop an instinct for assessing the importance of an individual irregularity. 

A:­Auditor

B:­Accountant 

C:­Head of office 

D:­None of the above 

Correct Answer:­ Option­A 

Question94 :­_______ is by and large regularity and propriety audit. 

A:­Local Audit 

B:­Detailed Audit 

C:­Central Audit 

D:­Consent Audit 

Correct Answer:­ Option­C 

Question95:­________ may be distinguished from inspection in that its purpose is to audit the initial accounts maintained in certain Govt. institutions and offices on the spot. A:­Local Audit 

B:­Detailed Audit 

C:­Central Audit 

D:­Consent Audit 

Correct Answer:­ Option­A 

Question96:­Appropriation accounts are complementary to the accounts of the annual receipts and disbursements of Govt. otherwise known as ___________. A:­Annual Financial statement 

B:­Receipt accounts 

C:­Expenditure accounts 

D:­Finance accounts 

Correct Answer:­ Option­D 

Question97:­The _________ shall have authority to audit and report on the accounts of stores and stock kept in any office of a state. A:­Director of treasuries 

B:­Director of Kerala State Audit 

C:­Finance Department 

D:­C and AG of India 

Correct Answer:­ Option­D 

Question98:­Surcharge notice to the officers responsible for the loss is in form 

A:­IX 

B:­X 

C:­VIII 

D:­IX A 

Correct Answer:­ Option­D 

Question99:­Proposal for charge/surcharge action in respect of pending cases of losses pointed out in the audit report is in form A:­VIII 

B:­V 

C:­VII 

D:­VI 

Correct Answer:­ Option­A 

Question100:­The verification of cash balance has to be done while auditing the institution is a must in Sn ___________ Kerala Local Fund Audit Act. A:­6 

B:­7 

C:­12 

D:­9 

Correct Answer:­ Option­A