31-08-2019 Account Test (Lower)- Kerala Financial Code (Paper II) 2

 FINAL ANSWER KEY 

Paper: Kerala Financial Code (Paper II) 

Date of 

Examination 

31-08-2019 

Question1:-A grant made by the legislative assembly to regularise expenditure incurred in any previous financial year and above the amount granted for a service during that year is called 

        A:-Supplementary grant 

        B:-Resumption 

        C:-Excess Grant 

        D:-Grant in aid 

        Correct Answer:- Option-C 

Question2:-_________ is for meeting unforeseen, but unavoidable expenditure pending authorisation by legislature.         A:-contingency fund 

        B:-public account 

        C:-consolidated fund 

        D:-relief fund 

        Correct Answer:- Option-A 

Question3:-Which of the following department included in the list for which the bills are encashable on the first day of month?         A:-agriculture 

        B:-education 

        C:-co-operation 

        D:-registration 

        Correct Answer:- Option-D 

Question4:-Under ___________, the contractor agrees to execute a complete work with all its contingencies in accordance with the drawings and specifications for a fixed sum. 

        A:-Schedule contract 

        B:-Piece-work contract 

        C:-Lumpsum contract 

        D:-Percentage rate contract 

        Correct Answer:- Option-C 

Question5:-All works done should be recorded in a measurement book in 

        A:-Form KPW 18 

        B:-Form KPW 21 

        C:-Form KPW 11 

        D:-Form KPW 6 

        Correct Answer:- Option-B 

Question6:-Contribution towards relief of poor whose houses have been destroyed by fire is made ______ from Discretionary Grant.         A:-District collector 

        B:-Governor 

        C:-Chief Minister 

        D:-Head of Depts. 

        Correct Answer:- Option-A 

Question7:-The disbursement of Grants to the libraries will be completed before the end of ________ in each financial year, as far as possible.         A:-March 

        B:-January 

        C:-February 

        D:-December 

        Correct Answer:- Option-C 

Question8:-No expenditure should be incurred on a __________ even if there are savings within the Grant before supplementary grant is thus obtained. 

        A:-Major work 

        B:-Capital asset

        C:-Special service 

        D:-New service 

        Correct Answer:- Option-D 

Question9:-Which of the following is not included in standard objects of expenditure? 

        A:-minor work 

        B:-secret service expenditure 

        C:-grant in aid and contribution 

        D:-transfer to contingency fund 

        Correct Answer:- Option-D 

Question10:-One of the following is not a charged items of expenditure. 

        A:-salary and allowances of deputy speaker of state assembly 

        B:-salary and allowances of Chief Minister 

        C:-salary and allowances of PSC Chairman 

        D:-salary and allowances of Governor 

        Correct Answer:- Option-B 

Question11:-Who is the estimating officer of Suspense Accounts? 

        A:-Finance Secretary 

        B:-Accountant General 

        C:-Treasury Director 

        D:-Inspector General of Registration 

        Correct Answer:- Option-B 

Question12:-The budget shall be presented to the Assembly on a days as the _________ may appoint. 

        A:-Speaker 

        B:-Finance Minister 

        C:-Governor 

        D:-Chief Minister 

        Correct Answer:- Option-C 

Question13:-Which of the following is not included in Public Account? 

        A:-Small savings 

        B:-Tax revenue 

        C:-Suspense and miscellaneous 

        D:-Reserve funds 

        Correct Answer:- Option-B 

Question14:-Public undertakings committee of the Legislature shall not examine and investigate 

        A:-audit reports of public undertakings 

        B:-matters of day-to-day administration 

        C:-efficiency of the public undertakings 

        D:-matters be allotted by speaker 

        Correct Answer:- Option-B 

Question15:-No _________ will be considered for inclusion in the next years budget, unless it is received by the Finance Dept. before first November of year. 

        A:-Part II scheme 

        B:-Major works 

        C:-Supplementary Grant 

        D:-Departmental estimate 

        Correct Answer:- Option-A 

Question16:-In Kerala the first attempt for __________ was made in 1970-71. 

        A:-zero budgeting 

        B:-administrative reforms 

        C:-performance budgeting 

        D:-vote of credit

        Correct Answer:- Option-C 

Question17:-A Grant is not always co-extensive with a 

        A:-sector 

        B:-major head of account 

        C:-minor head of account 

        D:-detailed head of account 

        Correct Answer:- Option-B 

Question18:-__________ acting on behalf of the Comptroller and Auditor General, examines the accounts to ensure that the grants made by the legislature have been spent according to rules and regulations. 

        A:-Director of State Audit 

        B:-Advocate General Audit 

        C:-Accountant General 

        D:-State performance Audit Officer 

        Correct Answer:- Option-C 

Question19:-________ committee of legislature will examine the Audit Report of Accountant General presented in Assembly.         A:-Public Grievance Committee 

        B:-Estimate Committee 

        C:-Local fund Accounts Committee 

        D:-Public Accounts Committee 

        Correct Answer:- Option-D 

Question20:-_________ are treated as 'charged' expenditure. 

        A:-travelling expenses of Chief Minister 

        B:-Decretal claims 

        C:-Minor repair charges 

        D:-New service 

        Correct Answer:- Option-B 

Question21:-The power to make grant for meeting an unexpected demand upon resources of the state is 

        A:-vote on credit 

        B:-vote on account 

        C:-extraordinary grant 

        D:-demand for grant 

        Correct Answer:- Option-A 

Question22:-_________ was introduced with effect from 1.4.1974 

        A:-supplementary grant 

        B:-ways and means advance 

        C:-grant-in-aid 

        D:-letter of credit 

        Correct Answer:- Option-D 

Question23:-The act of formed acceptance by Finance Dept. of funds in excess of requirements, surrendered by the controlling officers         A:-reappropriation 

        B:-resumption 

        C:-cut motion 

        D:-tocken grant 

        Correct Answer:- Option-B 

Question24:-Accountant General Issues warning slip to Finance Secretary and Chief Controlling officer when         A:-there is appropriation is insufficient to meet demand 

        B:-there is likelihood of expenditure exceeding the appropriation 

        C:-there is likelihood to misuse of fund by departmental head 

        D:-there is diversion of fund from one head to another head 

        Correct Answer:- Option-B 

Question25:-_________ should maintain a register of expenditure and liabilities in Form KBM-12.

        A:-controlling officers 

        B:-treasury officers 

        C:-finance officers 

        D:-disbursing officers 

        Correct Answer:- Option-D 

Question26:-Which of the following is not a budget document? 

        A:-details of staff` ` 

        B:-evaluation report 

        C:-report of public accounts committee 

        D:-performance budget 

        Correct Answer:- Option-C 

Question27:-________ is not included in the list of officers responsible to forward consolidated stones and stock accounts to the Accountant General. 

        A:-Director fire force 

        B:-Director of Agriculture 

        C:-Inspector General of Prison 

        D:-Director of Panchayath 

        Correct Answer:- Option-D 

Question28:-__________ register is maintained in KFC Form 15. 

        A:-auction 

        B:-stock 

        C:-tender 

        D:-day book 

        Correct Answer:- Option-C 

Question29:-All articles and materials which came into the possession of a Govt. Servant for use in Public service.         A:-goods 

        B:-stock 

        C:-stores 

        D:-public utilities 

        Correct Answer:- Option-C 

Question30:-In departmental work, separate Muster Roll shall be prepared for each 

        A:-day 

        B:-month 

        C:-week 

        D:-fortnight 

        Correct Answer:- Option-B 

Question31:-A Govt. employee who sustained injuries while on duty will be paid compensation called 

        A:-Exgratia 

        B:-Special injury allowance 

        C:-Compensatory payment 

        D:-Gratuity 

        Correct Answer:- Option-A 

Question32:-House building advance to Non Gazetted officer is sanctioned by 

        A:-head of dept. 

        B:-head of office 

        C:-administrative dept. 

        D:-finance dept. 

        Correct Answer:- Option-A 

Question33:-Transfer advance shall be recovered from the Govt. servants pay in __________ equal instalments.         A:-5 

        B:-3

        C:-4 

        D:-2 

        Correct Answer:- Option-B 

Question34:-Which of the following is not a Local fund 

        A:-KSEB working fund 

        B:-Market committe fund 

        C:-Library fund 

        D:-Contingency fund 

        Correct Answer:- Option-D 

Question35:-Register of contingent expenditure in a office shall be preserved for ________ completed years.         A:-10 

        B:-5 

        C:-20 

        D:-25 

        Correct Answer:- Option-B 

Question36:-The Earnest Money Deposit for stores purchase tender may not be accepted as         A:-cash 

        B:-Govt. Promissory note 

        C:-Cheque 

        D:-Demand draft 

        Correct Answer:- Option-C 

Question37:-The department in which first performance budget was introduced in the state         A:-agriculture 

        B:-fisheries 

        C:-public works 

        D:-social justice 

        Correct Answer:- Option-C 

Question38:-The reappropriation between minor heads is done by 

        A:-Head of department 

        B:-Finance Dept. 

        C:-Administrative Dept. 

        D:-Accountant General 

        Correct Answer:- Option-B 

Question39:-The Contingency fund has been created under Article _______ of constitution.         A:-267 (2) 

        B:-212 

        C:-118 

        D:-213 (1) 

        Correct Answer:- Option-A 

Question40:-Public Accounts committee have ________ members. 

        A:-7 

        B:-5 

        C:-11 

        D:-15 

        Correct Answer:- Option-C 

Question41:-The admissibility of cut motion in Legislative Assembly decided by 

        A:-Leader of opposition 

        B:-Speaker 

        C:-Chief Minister 

        D:-Governor

        Correct Answer:- Option-B 

Question42:-Which of the following is not included in the term 'stores' in KFC? 

        A:-Dietary products 

        B:-Office furniture 

        C:-Laboratory equipments 

        D:-Books 

        Correct Answer:- Option-A 

Question43:-Who will sign the report of Estimate committee? 

        A:-Legislature Secretary 

        B:-Speaker 

        C:-Chairman 

        D:-Finance Secretary 

        Correct Answer:- Option-C 

Question44:-The proposal for reappropriation of funds by administrative department shall reach finance dept. on or before         A:-31 March 

        B:-20 March 

        C:-25 February 

        D:-20 February 

        Correct Answer:- Option-C 

Question45:-The last tier classification of Govt. Accounts is 

        A:-Minor head 

        B:-Detailed head 

        C:-Sub bead 

        D:-Sector 

        Correct Answer:- Option-B 

Question46:-The introduction of new major head or minor head will require approval of 

        A:-Comptroller and Auditor General 

        B:-Govt. of India 

        C:-Governor 

        D:-General Administrations Dept. 

        Correct Answer:- Option-A 

Question47:-_______ for the current year should form the basis for preparing Budget estimates for the coming year.         A:-estimate 

        B:-appropriation 

        C:-revised estimate 

        D:-supplementary estimate 

        Correct Answer:- Option-C 

Question48:-The procedure to be followed for obtaining an excess grant has been described in _________ of Kerala Budget Manual.         A:-Appendix 3 

        B:-Appendix 12 

        C:-Appendix 8 

        D:-Appendix 15 

        Correct Answer:- Option-D 

Question49:-_______ is the estimating officer of Grants for Central plan schemes. 

        A:-Finance dept. 

        B:-Heads of depts. 

        C:-Accountant General 

        D:-Commissioner of Rural development 

        Correct Answer:- Option-B 

Question50:-Obtaining additional appropriation is

        A:-reappropriation 

        B:-reallocation 

        C:-supplementary grant 

        D:-none of the above 

        Correct Answer:- Option-C 

Question51:-Construction or purchase of Boats require the sanction of 

        A:-Fisheries Director 

        B:-Transport Commissioner 

        C:-Govt. 

        D:-Fire Force Director 

        Correct Answer:- Option-C 

Question52:-Which of the following taluk is not included in the list of places where there is risk of filariasis?         A:-Kozhikode 

        B:-Ponnani 

        C:-Kayamkulam 

        D:-Eranad 

        Correct Answer:- Option-D 

Question53:-The Procedure to be followed for bank guarantee scheme is explained in 

        A:-Appendix 18 KFC Vol-2 

        B:-Appendix 9 KFC Vol-2 

        C:-Appendix 11 KFC Vol-2 

        D:-Appendix 14 KFC Vol-2 

        Correct Answer:- Option-B 

Question54:-Statement showing particulars of officers occupying Govt. residential building is to be prepared in KFC         A:-KFC Form 1A 

        B:-KFC Form 22 

        C:-KFC Form 18 

        D:-KFC Form 28 

        Correct Answer:- Option-A 

Question55:-Register of __________ of establishment of a Govt. office is prepared in KFC Form 9-A         A:-Advance T.A. 

        B:-Promotions 

        C:-Increment 

        D:-Service Book 

        Correct Answer:- Option-C 

Question56:-Sanction of purchase of a wall clock for a sub office may sanctioned by 

        A:-Head of office 

        B:-Head of Dept. 

        C:-Stationary Director 

        D:-Govt. 

        Correct Answer:- Option-B 

Question57:-The cost of tender form may be accepted in the form of 

        A:-Promissory note 

        B:-Bank Guarantee 

        C:-Cash 

        D:-Postal order 

        Correct Answer:- Option-C 

Question58:-Security deposit is _______ of the total value of the contract in Stores Purchase.         A:-5% 

        B:-10%

        C:-2% 

        D:-1% 

        Correct Answer:- Option-A 

Question59:-_________ will arrange the payment for Stores purchased from foreign countries.         A:-Indian Embassy 

        B:-Central Finance Dept. 

        C:-Ministry of foreign affairs 

        D:-Accountant General 

        Correct Answer:- Option-D 

Question60:-All wages not claimed within __________ months should be forfeited. 

        A:-one 

        B:-four 

        C:-three 

        D:-two 

        Correct Answer:- Option-C 

Question61:-Which of the following is an interest free advance? 

        A:-Motor cycle advance 

        B:-Advance for officers deputed for training 

        C:-Advance for motor cycle 

        D:-Advance for house building 

        Correct Answer:- Option-B 

Question62:-If the security is furnished in the form of _________, registration of security is compulsory.         A:-Promissory note 

        B:-Fixed deposit 

        C:-Share certificate 

        D:-Immovable property 

        Correct Answer:- Option-D 

Question63:-The Articles which deposited treasury for safe custody shall be verified         A:-once in 5 years 

        B:-once in 6 months 

        C:-once in a year 

        D:-once in 3 months 

        Correct Answer:- Option-C 

Question64:-Expenditure incurred with the object of increasing concrete asset is 

        A:-revenue expenditure 

        B:-capital expenditure 

        C:-civil expenditure 

        D:-sundry expenditure 

        Correct Answer:- Option-B 

Question65:-Log book is maintained in the offices with 

        A:-photostat machine 

        B:-computer and printer 

        C:-vehicles 

        D:-internet connection 

        Correct Answer:- Option-C 

Question66:-The value of Govt. land and building transferred to a commercial department shall be fixed by         A:-Thahsildar 

        B:-RDO 

        C:-Revenue Secretary 

        D:-None of the above

        Correct Answer:- Option-D 

Question67:-Commercial departments are following 

        A:-Simple accounts 

        B:-Capital accounts 

        C:-Proforma accounts 

        D:-Revenue accounts 

        Correct Answer:- Option-C 

Question68:-A deposit credited to the Govt. on lapse should only be repaid with the previous sanction of         A:-Accountant General 

        B:-Govt. 

        C:-Head of Dept. 

        D:-District collector 

        Correct Answer:- Option-A 

Question69:-Sale proceeds of interstate property is included in 

        A:-civil deposits 

        B:-civil court deposit 

        C:-personal deposit 

        D:-criminal court deposit 

        Correct Answer:- Option-B 

Question70:-________ will furnish the Govt. with the annual statement of outstanding loans to enable the Govt. to review the transactions.         A:-Head of depts. 

        B:-Controlling officers 

        C:-Disbursing officers 

        D:-Accountant General 

        Correct Answer:- Option-D 

Question71:-Utilisation certificate of loans to local bodies are issued by 

        A:-Accountant General 

        B:-Director of State audit 

        C:-Director of Panchayath 

        D:-Director of Performance audit 

        Correct Answer:- Option-B 

Question72:-Rate contract is settled by 

        A:-Head of Dept. 

        B:-Stores purchase Dept. 

        C:-Finance Dept. 

        D:-Accountant General 

        Correct Answer:- Option-B 

Question73:-The minimum time allow tenderer to submit tender for ordinary stores which can be procured within the country is         A:-3 months 

        B:-21 days 

        C:-one month 

        D:-15 days 

        Correct Answer:- Option-C 

Question74:-When jail works are executed by the contract system, _______ should be employed by the 'contractor'.         A:-hired labour 

        B:-surplus labour 

        C:-labour from labour contract society 

        D:-jail labour 

        Correct Answer:- Option-D 

Question75:-The allowances paid in lieu of the rights enjoyed by some former Rajas chieftains

        A:-Jemibogan 

        B:-Arthapalisa 

        C:-Tsadic allowance 

        D:-Malikhanas 

        Correct Answer:- Option-D 

Question76:-No money can be withdrawn from consolidated fund without 

        A:-supplementary demand for Grant 

        B:-revised budget 

        C:-appropriation act 

        D:-resumption 

        Correct Answer:- Option-C 

Question77:-Appropriation account and finance accounts are prepared with reference to the book of account of         A:-Treasury Director 

        B:-Finance Secretary 

        C:-Accountant General 

        D:-Controlling officers 

        Correct Answer:- Option-C 

Question78:-Kerala Contingency act was passed in the year 

        A:-1971 

        B:-1957 

        C:-1959 

        D:-1960 

        Correct Answer:- Option-B 

Question79:-The treasury of officer maintain ______ register to watch budget allocation.         A:-payment register 

        B:-reappropriation register 

        C:-appropriation control register 

        D:-cash book 

        Correct Answer:- Option-C 

Question80:-Chief controlling officers submit monthly returns of Expenditure in form         A:-KBM 16 

        B:-KBM 19 

        C:-KBM 22 

        D:-KBM 6 

        Correct Answer:- Option-A 

Question81:-General services in Expenditure Heads (Revenue Account) does not include         A:-posts and telegraph 

        B:-fiscal services 

        C:-administrative services 

        D:-defence services 

        Correct Answer:- Option-A 

Question82:-The system of Appropriation control introduced in __________ Department in 1.4.1974.         A:-Police 

        B:-Ports 

        C:-Economics and statistics 

        D:-Indian systems of Medicine 

        Correct Answer:- Option-A 

Question83:-KFC Form 19 is used for 

        A:-Day book of stores 

        B:-stock account of furniture

        C:-bill for advance 

        D:-stock register of books and periodicals 

        Correct Answer:- Option-D 

Question84:-Report of damage to immovable Govt. property to be sent to Accountant General in         A:-KFC Form 28 

        B:-KFC Form 44 

        C:-KFC Form 47 

        D:-KFC Form 52 

        Correct Answer:- Option-C 

Question85:-A Register in Form 16 should be maintained to show the details of         A:-Day book of stores 

        B:-EMD received 

        C:-Late tender received 

        D:-Security Deposit received 

        Correct Answer:- Option-A 

Question86:-An appropriation lapse 

        A:-at the close of calendar year 

        B:-at the close of financial year 

        C:-at the close of month allotted 

        D:-none of the above 

        Correct Answer:- Option-B 

Question87:-Departmental heads should prepare budget estimate 

        A:-in original 

        B:-in duplicate 

        C:-in triplicate 

        D:-none of the above 

        Correct Answer:- Option-B 

Question88:-Revenue expenditure are met from 

        A:-capital receipts 

        B:-public account 

        C:-revenue receipts 

        D:-revenue deficit 

        Correct Answer:- Option-C 

Question89:-The second stage of Budgetary cycle is 

        A:-preparation of budget 

        B:-execution of budget 

        C:-review of budget 

        D:-passing of budget 

        Correct Answer:- Option-D 

Question90:-In classification of accounts a scheme or activity is represented by         A:-Minor head 

        B:-Sub-head 

        C:-Sector 

        D:-Object head 

        Correct Answer:- Option-B 

Question91:-The Liability Register as per KBM is maintained in Form No. 

        A:-18 

        B:-21 

        C:-14 

        D:-12

        Correct Answer:-Question Cancelled 

Question92:-If Govt. building is let to a Pensioner, rent shall be paid 

        A:-after the close of the month 

        B:-in advance 

        C:-in two instalment in a month 

        D:-in the form of security deposit 

        Correct Answer:- Option-B 

Question93:-Every head of Dept. should submit annually, on or before __________ to the Accountant General a statement showing waivers of Revenue sanctioned during the preceding year. 

        A:-31 March 

        B:-1st June 

        C:-1st July 

        D:-30th April 

        Correct Answer:- Option-B 

Question94:-___________ become due for payment on the last day of month in which they are earned. 

        A:-Grant in aid 

        B:-Electricity charges 

        C:-Medical Reimbursement 

        D:-Pay and allowances 

        Correct Answer:- Option-A 

Question95:-When Govt. servants are transferred from one office to another, their service books should be made available in new office within __________ of transfer. 

        A:-three months 

        B:-15 days 

        C:- one month 

        D:-7 days 

        Correct Answer:- Option-C 

Question96:-Copies of tender notices issued by purchasing officers will be sent to __________ for information.         A:-Economics and statistics dept. 

        B:-Indian standard institution 

        C:-Central statistical organisation 

        D:-Accountant General 

        Correct Answer:- Option-B 

Question97:-Advance for eradication of plant pests is _________ advance. 

        A:-civil 

        B:-forest 

        C:-revenue 

        D:-special 

        Correct Answer:- Option-D 

Question98:-Who is the treasurer of Charitable endowment for the State? 

        A:-Director of State Audit 

        B:-Accountant General 

        C:-Director of Social Justice Dept. 

        D:-Finance Secretary 

        Correct Answer:- Option-A 

Question99:-The Lapsing of Civil court deposits to the Govt. is governed by the rules issued by the 

        A:-Advocate General 

        B:-Accountant General 

        C:-Finance Dept. 

        D:-None of the above 

        Correct Answer:- Option-D

Question100:-Grant in aid to medical institutions should be drawn on bills signed by the Managers of such institution and counter signed by         A:-District collector 

        B:-Director of Health services 

        C:-District Medical officer 

        D:-Health Secretary 

        Correct Answer:- Option-C