FINAL ANSWER KEY
Paper: Kerala Financial Code (Paper II)
Date of
Examination
24-10-2019
Question1:-The transfer of savings in the appropriation for a unit of appropriation to meet excess expenditure anticipated under another unit is called _____________.
A:-Re-appropriation
B:-Surrender
C:-Allocation
D:-None of the above
Correct Answer:- Option-A
Question2:-All Articles and Materials (other than Cash/Documents) which come into the possession of a Govt. Servant for use in public service are called ___________.
A:-Front office
B:-Store
C:-Go-down
D:-Record Room
Correct Answer:- Option-B
Question3:-The Comptroller and Auditor General of India derive his powers and duties in relation to Accounts of the Union and of the States, from the Constitution of India, Article __________.
A:-149
B:-150
C:-149 and 150
D:-151 and 152
Correct Answer:- Option-C
Question4:-The Fund provided to the Central Govt. and each State Govt. for meeting unforeseen expenditure is called ____________. A:-Consolidated fund
B:-Public fund
C:-Plan fund
D:-Contingency fund
Correct Answer:- Option-D
Question5:-What is the extent of Govt. land that can be transferred from one department to another by the Dist. Collector? A:-10 Acres
B:-5 Acres
C:-3 Acres
D:-2 Acres
Correct Answer:- Option-D
Question6:-What is the quantum of cash that one supervisory staff and one peon are allowed to transmit from one Govt. Office? A:-Upto 50000
B:-Upto 100000
C:-Above 100000
D:-None of the above
Correct Answer:- Option-C
Question7:-Any kind of undertaking expressed by a person, other than a Govt. Servant, or by a firm to undertake a work/repair or supply of goods is called __________.
A:-Agreement
B:-Contract
C:-Deed
D:-Indemnity Bond
Correct Answer:- Option-B
Question8:-Request for refund of Revenue is rejected if it is received by Govt. after __________ from the date of credit of revenue to the Govt. A:-One year
B:-Two years
C:-Three years
D:-Five years
Correct Answer:- Option-A
Question9:-What is the time limit allowed for keeping Audit Objections "unremedied"?
A:-Three months
B:-Six months
C:-One year
D:-None of the above
Correct Answer:- Option-A
Question10:-Authority for creation of any additional post is vested with ___________.
A:-Govt.
B:-Finance Department
C:-Administrative Department
D:-Head of Office
Correct Answer:- Option-A
Question11:-What is the maximum amount of Marriage Advance sanctioned to a Class IV employee?
A:-25,000
B:-30,000
C:-40,000
D:-50,000
Correct Answer:- Option-B
Question12:-Before considering a Loan application from a local body, Govt. will require copy of income and expenditure statement and balance sheet, for the last ___________ years.
A:-Two years
B:-Three years
C:-Five years
D:-Ten years
Correct Answer:- Option-B
Question13:-The minimum number of books in stock required for Annual Grant in aid to a Library is __________. A:-250
B:-500
C:-600
D:-800
Correct Answer:- Option-C
Question14:-How many departments are eligible for encashing their Pay Bills/Cheques on the 1st working day of every month? A:-25
B:-22
C:-19
D:-18
Correct Answer:- Option-C
Question15:-Travelling Allowance Bills of Dist. Collectors are counter signed by ___________.
A:-Land Rev. Commissioner
B:-Chief Secretary
C:-Rev. Department
D:-None of the above
Correct Answer:- Option-D
Question16:-Income Tax deductions from salary of a Govt. Servant are made by __________.
A:-Billing section
B:-Head of Office
C:-Treasury Officer
D:-Disbursing Officer
Correct Answer:- Option-D
Question17:-Grant in aid to Local Bodies are mentioned in Article 212 of ___________.
A:-KAC
B:-KBM
C:-KFC
D:-KTC
Correct Answer:- Option-C
Question18:-Bills/Cheques relating to Pay and allowances should be presented at the Treasury _________ working days in advance of the day fixed for their encashment.
A:-Five days
B:-Four days
C:-Three days
D:-No days prescribed
Correct Answer:- Option-C
Question19:-What is the share of salary that a deceased Govt. Servant is eligible to the day of his death taken place at 2 PM? A:-No salary
B:-Full salary
C:-Half salary
D:-Quarter salary
Correct Answer:- Option-B
Question20:-Among the following, which is not exempted from attachment from court
A:-TA
B:-Basic Pay
C:-CA
D:-HRA
Correct Answer:- Option-B
Question21:-The Report of Transfer of Charge by Gazetted Officers are explained in KFC Article _________.
A:-81(a)
B:-71(a)
C:-81
D:-71
Correct Answer:- Option-A
Question22:-In Store Purchase what factor is not mentioned normally in a Rate Contract
A:-Price
B:-Rate
C:-Quantity
D:-None of the above
Correct Answer:- Option-C
Question23:-What is called "Contingent Charge"?
A:-Inevitable expense
B:-Incidental expenditure
C:-Unforeseen expense
D:-Wages
Correct Answer:- Option-B
Question24:-The amount sanctioned to a Govt. Servant to incur for unforeseen expenditure is called _________. A:-Petty cash
B:-Imp. rest
C:-Cash in Hand
D:-Permanent Advance
Correct Answer:- Option-D
Question25:-__________ is the initial record of labour employed each day on a work.
A:-Muster roll
B:-Pay roll
C:-Attendance
D:-A quittance roll
Correct Answer:- Option-A
Question26:-What is the time limit prescribed for communicating the local body about construction / reconstruction of a building by the Govt. within its Completion/Occupation?
A:-10 days
B:-15 days
C:-20 days
D:-30 days
Correct Answer:- Option-B
Question27:-The Authorised Govt. Servant sign the Contingent Bill for Recoupment of Permanent Advance as per Article _____________ of KFC. A:-82(a)
B:-82(b)
C:-92(b)
D:-92(a)
Correct Answer:- Option-C
Question28:-A supplementary agreement has to be entered into with the Rate Contract Holder for the satisfactory fulfillment of the extended contract as per _____________.
A:-KTC
B:-KAC
C:-KBM
D:-KFC
Correct Answer:- Option-D
Question29:-A statement of estimated receipts and expenditure of the state for each financial year has to be laid before the legislature as per Article _____________ of the Constitution.
A:-200
B:-201
C:-202
D:-203
Correct Answer:- Option-C
Question30:-Govt. of ______________ have not so far entered into agreement with Reserve Bank of India for the conduct of their general banking business by the Bank.
A:-Sikkim
B:-Jammu and Kashmir
C:-Punjab
D:-Haryana
Correct Answer:- Option-B
Question31:-In which Central Govt. Departments, Offices or Branches of Reserve Bank conduct cash transactions and their accounts do not pass through treasury accounts
A:-Railways
B:-P & T
C:-Defence
D:-In all the above
Correct Answer:- Option-D
Question32:-Reserve Bank ____________ branch acts as a general clearing house for the adjustment of transactions between different governments. A:-Mumbai
B:-Kolkata
C:-Delhi
D:-Nagpur
Correct Answer:- Option-D
Question33:-Who is primarily responsible for the correctness of amount drawn from treasury?
A:-Countersigning officer
B:-Treasury officer
C:-Drawing officer
D:-Head of office
Correct Answer:- Option-C
Question34:-The Treasury Rules of each State Govt. is issued under Article __________ of Constitution.
A:-282
B:-283
C:-284
D:-285
Correct Answer:- Option-B
Question35:-The remittance made directly or through currency chest, between any two treasuries, both under different Govts. is classified as _______________.
A:-Foreign Remittance
B:-Local Remittance
C:-Book adjustment
D:-None of the above
Correct Answer:- Option-A
Question36:-Discretionary Grants are sanctioned by whom?
A:-Chief Minister
B:-Cabinet
C:-Legislature
D:-Governor and Revenue Officials
Correct Answer:- Option-D
Question37:-Eligibility of Govt. servant, without substantive appointment for House Building Advance is ____________ years continuous service. A:-10
B:-8
C:-5
D:-3
Correct Answer:- Option-C
Question38:-The contents of the Kerala Account Code are classified as ____________.
A:-Section
B:-Paragraph
C:-Chapter
D:-Articles
Correct Answer:- Option-D
Question39:-What is the first priority as regards a store in Govt. Department?
A:-Requirements
B:-Fund
C:-Sanctions
D:-Indent
Correct Answer:- Option-A
Question40:-Copy of Indemnity Bond executed for claiming the arrears of Pay and allowances of a deceased Govt. Servant is incorporated in KFC as Form ____________.
A:-25
B:-15
C:-12
D:-9
Correct Answer:- Option-D
Question41:-The 2nd part of Report of Transfer of Charges is signed by ____________.
A:-Relieved Officer
B:-Relieving Officer
C:-Counter signing officer
D:-Treasury officer
Correct Answer:- Option-B
Question42:-Authorisation of increment is made in the increment register and ____________ by the Drawing Officer, in the case of Non-Gazetted Officers.
A:-Incumbency Register
B:-Attendance Register
C:-Service Book
D:-A quittance
Correct Answer:- Option-C
Question43:-"Register of Tenders" is maintained in Form ___________.
A:-5
B:-10
C:-15
D:-20
Correct Answer:- Option-C
Question44:-The Powers of Officers to sanction refund of revenue are contained in ____________.
A:-Book of Financial Powers
B:-KFC
C:-KAC
D:-KTC
Correct Answer:- Option-A
Question45:-A refund of revenue to which the claimants are legally entitled and the claim is not barred by limitation, process to be taken as per Article ____________ of KFC.
A:-35
B:-36
C:-37
D:-None of the above
Correct Answer:- Option-C
Question46:-"Register of Increments" is maintained in Form ____________.
A:-9
B:-9A
C:-9B
D:-10
Correct Answer:- Option-B
Question47:-Where is "Register of Adjustment between Central and State Governments" maintained?
A:-Reserve Bank
B:-Planning Board
C:-Finance Department
D:-State Treasuries
Correct Answer:- Option-D
Question48:-Where is "Register of Reserve Bank Deposits" kept?
A:-Reserve Bank
B:-Planning Board
C:-Finance Department
D:-State Treasuries
Correct Answer:- Option-D
Question49:-The complete account of cash transactions and book transfer in a Dist. Treasury and Sub Treasuries under its jurisdiction are noted in
___________.
A:-Cash Book
B:-Day book
C:-Ledger
D:-None of the above
Correct Answer:- Option-B
Question50:-The Day book used in Treasury is maintained in Form ___________.
A:-TA III
B:-TA 3
C:-TA IV
D:-TA 4
Correct Answer:- Option-C
Question51:-An Account in which item for which full particulars have not been given, entered temporarily before allocation to the correct or final account is called ___________.
A:-Public Account
B:-Private Account
C:-Personal Account
D:-Suspense Account
Correct Answer:- Option-D
Question52:-Separate Registers in Form TA 22 are used in Treasuries for payment of _________.
A:-Pensions
B:-Interest
C:-Deposit
D:-Cash
Correct Answer:- Option-A
Question53:-The Combined Finance and Revenue Accounts of the Central and State Govts. in India are prepared by the C & AG, Annually and submit before whom?
A:-Prime Minister
B:-The President
C:-Union Cabinet
D:-Finance Minister
Correct Answer:- Option-B
Question54:-The Central and State Govt. accounts shall be kept in following parts
A:-Consolidated Fund
B:-Contingency Fund
C:-Public Accounts
D:-In all the above
Correct Answer:- Option-D
Question55:-The main unit of classification in Accounts is
A:-Major Head
B:-Capital Head
C:-Minor Head
D:-Sub Head
Correct Answer:- Option-A
Question56:-The Contingency Fund of the State is at the disposal of ____________.
A:-Chief Minister
B:-Finance Minister
C:-Treasury Department
D:-None of the above
Correct Answer:- Option-D
Question57:-Which bank act as agent of RBI in dealing the Central and State Govt. Accounts and transactions?
A:-PNB
B:-SBI
C:-SBT
D:-None of the above
Correct Answer:- Option-B
Question58:-The Central Govt. and State Govts. have made separate agreements with Reserve Bank of India for general banking business, by virtue of
A:-RBI Act 1934
B:-Cabinet Decision
C:-Govt. direction
D:-None of the above
Correct Answer:- Option-A
Question59:-At the close of each month, the balance of the Central and State Govt. Accounts are transferred to the Central Accounts Sections of __________.
A:-RBI Mumbai
B:-RBI Nagpur
C:-SBI Mumbai
D:-SBI Kolkata
Correct Answer:- Option-B
Question60:-Audit matters of pre-independent India were vested with ___________.
A:-Auditor General of India
B:-Governor General
C:-Viceroy
D:-None of the above
Correct Answer:- Option-A
Question61:-All public money received on account of Central Govt. or State shall normally be paid to
A:-Consolidated Fund/Public Account of India and States
B:-Consolidated Fund of India
C:-Public Account of India
D:-Contingency Fund of India
Correct Answer:- Option-A
Question62:-Finance Minister place the Budget before the Legislature towards the _________.
A:-end of February or beginning of March
B:-in February
C:-in March
D:-After March
Correct Answer:- Option-A
Question63:-Contents of the Kerala Budget Manual classified as
A:-Section
B:-Article
C:-Paragraph
D:-Chapter
Correct Answer:- Option-D
Question64:-The provisions of the Kerala Budget Manual replace those of the following Budget Manuals
A:-Travancore
B:-Malabar
C:-Travancore-Cochin
D:-All the above
Correct Answer:- Option-C
Question65:-Who issue circular to all Heads of Departments to prepare Departmental estimates for Budget?
A:-Chief Secretary
B:-Finance Department
C:-Finance Minister
D:-Finance Secretary
Correct Answer:- Option-B
Question66:-Scrutiny of Budget Estimates is done by _____________.
A:-Finance Department
B:-Legislature
C:-Cabinet
D:-Finance Minister
Correct Answer:- Option-A
Question67:-Request from the executive to the legislature for a specified sum of money to finance a particular service during the year is called ______________.
A:-Appropriation
B:-Demand for Grant
C:-Vote on Account
D:-Supplementary demand
Correct Answer:- Option-B
Question68:-____________ is the legal authority for the withdrawal of money from consolidated fund.
A:-Appropriation
B:-Demand for Grant
C:-Appropriation Act
D:-None of the above
Correct Answer:- Option-C
Question69:-Request for fund for a new service, not in Budget is called ___________.
A:-Supplementary Demand for Grant
B:-Reappropriation
C:-Vote on Account
D:-None of above
Correct Answer:- Option-A
Question70:-What is the Part II division of Accounts in Kerala Budget Manual?
A:-Plan Fund
B:-Contingency Fund
C:-Consolidated Fund
D:-Public Account
Correct Answer:- Option-B
Question71:-The process of reporting by Disbursing Officers about the excess and unexpended stage of budget allotments back to Finance department, towards the end of the year is called __________.
A:-Demand for Grants
B:-Supplementary Demand
C:-Surrender
D:-None of the above
Correct Answer:- Option-C
Question72:-Budget Estimates of Revenue are based on ______________ rates.
A:-Decreasing
B:-Existing
C:-Increasing
D:-Constant
Correct Answer:- Option-B
Question73:-In the Budget Proposals, what is the status of new schemes awaiting Govt. sanction
A:-No provision
B:-Adequate provision
C:-Token provision
D:-None of the above
Correct Answer:- Option-A
Question74:-The Budget provisions proposed as Grants to Local bodies and others are supported by a __________ showing the commitments due to standing sanctions.
A:-Agreement
B:-Statement
C:-Undertaking
D:-Certificate
Correct Answer:- Option-B
Question75:-Where the provision for salary of an officer for the month of March is provided
A:-in same financial year
B:-in revised estimate
C:-in the next fin. year
D:-none of the above
Correct Answer:- Option-C
Question76:-Works, the Estimate Cost of each of which does not exceed ___________ is treated as Minor works.
A:-10000
B:-25000
C:-50000
D:-100000
Correct Answer:- Option-D
Question77:-Scrutiny of Departmental Estimates by Finance Department is explained in Chapter _________ of KBM. A:-40
B:-45
C:-48
D:-50
Correct Answer:- Option-C
Question78:-Among the following, which is not a budget Document
A:-AFS
B:-DCB statement
C:-Five year plan
D:-Evaluation report
Correct Answer:- Option-B
Question79:-In Kerala, the first attempt at Performance Budgeting was made in the year _____________.
A:-1967-68
B:-1970-71
C:-1975-76
D:-1980-81
Correct Answer:- Option-B
Question80:-The date of presentation of Budget in the Assembly is fixed by the ______________.
A:-Chief Minister
B:-Finance Minister
C:-Governor
D:-Speaker
Correct Answer:- Option-C
Question81:-The advance grant given by the Assembly to meet the expenditure for part of new year
A:-Vote on Account
B:-Grant in aid
C:-Appropriation
D:-None of the above
Correct Answer:- Option-A
Question82:-Which is intended to be controlled by "Letter of Credit" issued by finance department?
A:-Work Bill
B:-Salary
C:-PF
D:-Grants
Correct Answer:- Option-A
Question83:-What is "Resumption"?
A:-Acceptance of Surrendered fund by Finance Department
B:-Reallocation of appropriation
C:-Recouping all advances
D:-None of the above
Correct Answer:- Option-A
Question84:-How many members are there in Public Accounts Committee of Kerala Assembly?
A:-9
B:-11
C:-13
D:-15
Correct Answer:- Option-B
Question85:-In treasury, transactions of all local funds are recorded in Personal Deposit Register in TA _________. A:-TA 13
B:-TA 14
C:-TA 15
D:-TA 16
Correct Answer:- Option-C
Question86:-The period of limitation of pay and allowances including leave salary is ____________ years from the date when the claim fell due payment.
A:-15
B:-12
C:-10
D:-5
Correct Answer:- Option-D
Question87:-Payment of a claim barred by limitation of time needs special sanction from ____________.
A:-Personnel Dept.
B:-General Admn.
C:-Public Grievance
D:-Finance Dept.
Correct Answer:- Option-D
Question88:-Claim for Medical Reimbursement become due for payment on the date of completion of treatment as noted in _____________. A:-Medical certificate
B:-Admission certificate
C:-Discharge certificate
D:-Essentiallty certificate
Correct Answer:- Option-D
Question89:-A claim accrued on 1.1.18 was sanctioned on 12.1.18, and got countersignature on 20.1.18. Then on which date the claim held to have become due
A:-20.1.18
B:-1.2.18
C:-1.1.18
D:-12.1.18
Correct Answer:- Option-A
Question90:-As a general rule, a claim against the Govt. not preferred within ____________ of its becoming due, should be paid only after sanction from the Head of Department Concerned.
A:-10 years
B:-5 years
C:-3 years
D:-2 years
Correct Answer:- Option-D
Question91:-The sanction for any fresh charge, normally lapse if no payment is made during a period of ____________ months from the date of issue of sanction, unless otherwise ordered.
A:-18
B:-15
C:-12
D:-10
Correct Answer:- Option-C
Question92:-The abandonment of claims of Revenue without exhausting all avenues of recovery is called ____________. A:-Remission of Revenue
B:-Write off
C:-Time barred
D:-None of the above
Correct Answer:- Option-A
Question93:-Amount due to Govt. from Local bodies shall be subject to recovery by adjustment from the ___________ payable to them. A:-Maintenance Grant
B:-Plan Fund
C:-Grant in aid
D:-None of the above
Correct Answer:- Option-C
Question94:-The Municipal Tax of building which are used for public purpose are to be paid by ____________.
A:-Dist collector
B:-PWD
C:-Department that occupy
D:-Owner of the building
Correct Answer:- Option-D
Question95:-The Demand Statement of Rent of Govt. buildings used as residences are send to Treasury Disbursing Officer _______________ before the close of the month.
A:-2 days
B:-3 days
C:-5 days
D:-10 days
Correct Answer:- Option-A
Question96:-Travelling Allowance Bill of Govt. servant become due after ______________.
A:-3 months
B:-next day of travel
C:-6 months
D:-the close of each month of travel
Correct Answer:- Option-D
Question97:-"Register of Inspection Report" is maintained in Form _______________.
A:-4B
B:-5B
C:-6B
D:-7B
Correct Answer:- Option-A
Question98:-While LIC premium is deducted from the salary of Govt. servants, the policy holder has to remit the first _____________ instalments directly to LIC.
A:-1
B:-2
C:-3
D:-4
Correct Answer:- Option-B
Question99:-What is the maximum number of months that salary deduction of LIC premium can be defaulted? A:-2
B:-4
C:-6
D:-Default not allowed
Correct Answer:- Option-C
Question100:-"Attachment register" in Form _____________ is kept in all treasuries and head offices to watch prompt action taken on attachment orders.
A:-1A
B:-2A
C:-3A
D:-4A
Correct Answer:- Option-D