Skip to main content
General Financial Rules 2017 - Chapter 4: Government Accounts
- Accounts of the Union Government shall be prepared by
- CGA
- C&AG
- Financial Advisor of the concerned Ministry/Department
- Public Account Committee
- Accounts of the Union Government shall be certified by
- CGA
- C&AG
- Financial Advisor of the concerned Ministry/Department
- Public Account Committee
- Accounts of the Union Government shall be submitted to the President of India, preferably within
- 1 month of close of the Financial Year
- 3 months of close of the Financial Year
- 6 months of close of the Financial Year
- 9 months of close of the Financial Year
- Who shall cause Accounts of the Union Government to be laid before each House of Parliament?
- Finance Minister
- Union Cabinet
- C&AG
- President
- The Accounts of the Union Government shall be kept in such form as the President may, on the
advice of the Comptroller and Auditor General of India, prescribe as given in Article
- 148
- 149
- 150
- 151
- Who is responsible for prescribing the form of accounts of the Union and States, and to frame, or
revise, rules and manuals relating thereto on behalf of the President of India on the advice of the Comptroller
and Auditor General of India?
- Accountant General
- CCA
- CAA
- CGA
- Government accounts shall be prepared on
- cash basis.
- credit basis
- accrual basis
- any of the above
- Government accounts shall be kept in
- single part
- two parts
- three parts
- four parts
- Pick the incorrect one
- Consolidated Fund is divided into two Divisions, namely, ‘Revenue’ and ‘Capital’ divisions.
- The Revenue Division comprises two sections namely Receipt Heads (Revenue Account)
dealing with the proceeds of taxation and other receipts classified as revenue and the
section ‘Expenditure Heads (Revenue Account)’ dealing with the revenue expenditure met
therefrom.
- The Capital Division comprises two sections, viz., ‘Receipt Heads (Capital Account)’ and
‘Expenditure Heads (Capital Account)’
- These sections are in turn divided into sectors such as ‘General Services’, ‘Social and
Community Services’, ‘Economic Services’, etc., under which specific functions or services
are grouped corresponding to the sectors of classification and which are represented by
Major Heads (comprising Sub-Major Heads wherever necessary).
- Contingency Fund of Union Territories are set up by the Government of India under
- Section 48 of Government of Union Territories Act, 1963.
- Section 52 of Government of Union Territories Act, 1948
- Section 62 of Government of Union Territories Act, 1965
- Section 108 of Government of Union Territories Act, 1967
- Transactions relating to debt (other than those included in Part-I), reserve funds, deposits,
advances, suspense, remittances and cash balances shall be recorded in
- Consolidated Fund
- Contingency Fund
- Public Account
- Departmental Fund
- The classification of transaction in Government Accounts shall have closer reference to
- Function/Programme/Activity
- Department/Ministry
- Capital and Revenue
- Charged and Voted
- Classification of Government Accounts consists of
- 4 tiers
- 5 tiers
- 6 tiers
- 7 tiers
- The six tiers of Government Accounts are represented by a unique
- 15 digits’ numeric code.
- 15 digits’ alpha-numeric code
- 13 digits’ numeric code.
- 13 digits’ alpha-numeric code
- Pick the incorrect one
- The List of Major and Minor Heads of Accounts of Union and States is maintained by the
Ministry of Finance (Department of Expenditure – Controller General of Accounts)
- CGA is authorised to open a new head of account on the advice of the C&AG under the
Article 150 of the Constitution.
- Ministries/Departments may open Sub-Heads and Detailed Heads as required by them in
consultation with the Budget Division of the Ministry of Finance.
- Principal Accounts Offices of Ministry/Department may open Sub/Detailed Heads required
under the Minor Heads falling within the Consolidated Fund of India subject to certain
restriction.
- The Object Heads have been prescribed under Government of India’s Orders below Rule 8 of
- R&P 1983
- GFR 2017
- GAR 1990
- Delegation of Financial Power Rules
- State whether true or false
In cases of doubt regarding the Head under which a transaction should be accounted, the matter
shall be referred to the Principal Accounts Officer of the Ministry/Department concerned for clarification of
the Ministry of Finance and the CA&G, wherever necessary.
- True
- False
- RBI shall nominate a bank to function as Accredited Bank of a Ministry or Department, in
consultation with the
- CGA
- C&AG
- PAO
- Finance Minister
- Pick the correct ones
(i) Public Financial Management System (PFMS) an integrated Financial Management
System of CGA shall be used for sanction preparation, bill processing, payment, receipt
management, Direct Benefit Transfer, fund flow management and financial reporting.
(ii) All the payment, to the extent possible, shall be released ‘just-in-time’ by the Ministries
through PFMS.
(iii) Detailed Demand for Grants (DDG), as approved, must be uploaded on PFMS by the end
of the financial year.
(iv) All the re-appropriation orders, surrender order shall be generated through PFMS system.
(v) All grantee institutions shall submit Utilisation Certificates on PFMS.
- i, ii, iii and iv
- i, ii, iv and v
- ii, iii, iv and v
- All of the above
- DBT should include
- in-kind transfers to beneficiaries
- in cash transfers to beneficiaries
- transfers/honorariums given to various enablers of government schemes
- All of the above.
- Transaction charges for the financial intermediaries facilitating DBT payments shall be paid as
stipulated by
- Union Cabinet
- Ministry of Finance
- Ministry of Trade & Commerce
- Ministry of Corporate Affairs
- Appropriation Accounts of Central Ministries/Departments other than Ministry of Railways, Defence
and Posts shall be prepared by the
- CCA
- CGA
- C&AG
- Principal Accounts Officer
- Appropriation Accounts of Central Ministries/Departments shall be prepared under the guidance of
- CCA
- CGA
- C&AG
- Principal Accounts Officer
- Who signs the Appropriation Accounts of Central Ministries/Departments?
- CAA
- CGA
- C&AG
- Principal Accounts Officer
- Union Government Appropriation Accounts (Civil) that required to be submitted to Parliament, shall
be prepared by
- Principal Accounts Officer
- CCA
- CA&G
- CGA
- State whether true or false
Appropriation Accounts pertaining to Departments of Posts and Defence Services shall be
prepared and signed by the Secretaries to the Government of India in the Department of Posts and Ministry
of Defence respectively and that of Ministry of Railways by the Chairman, Railway Board.
- True
- False
- Accounts showing under the respective Heads the annual receipts and disbursements and
statement of balances for the purpose of the Union, are called
- Appropriation Accounts
- Finance Accounts
- Proforma Accounts
- Balance Sheet
- Finance accounts of the Government of India (including transactions of Department of Posts and
Ministries of Defence and Railways and transactions under Public Account of India of Union Territory
Governments) shall be prepared and signed by the
- CGA
- C&AG
- Secretary (Expenditure), Ministry of Finance
- Finance Minister
- Finance accounts of the Government of India is countersigned by the
- CGA
- C&AG
- Secretary (Expenditure), Ministry of Finance
- Finance Minister
- The certified Annual Accounts and the Reports relating to the accounts shall be submitted by the
Comptroller and Auditor General of India to the President in accordance with the provisions of
- Section 10 of DPC Act, 1971 & Article 150 of Constitution
- Section 11 of DPC Act, 1971 & Article 151 of Constitution
- Section 11 of DPC Act, 1971 & Article 150 of Constitution
- Section 10 of DPC Act, 1971 & Article 151 of Constitution
- The Appropriation and Finance Accounts shall be prepared by the respective authorities on the
dates mutually agreed upon with the
- CGA
- C&AG
- DRSC
- Finance Minister
- State whether true or false
Details of the financial stakes of the Administrative Ministries / PSUs / Subordinate / Statutory /
Autonomous Bodies in Public Private Partnerships (PPP)/ Production Sharing Contracts (PSCs)/ Joint
Ventures (JV’s)/ Subsidiary companies etc. should be disclosed Finance Accounts.
- True
- False
- Pick the incorrect one
- Proforma Accounts is suitable for Government Departments working on a commercial or
quasi-commercial basis
- This includes the maintenance of suitable Manufacturing, Trading, Profit & Loss Accounts
and Balance Sheet.
- The Head of the units shall be required to maintain such subsidiary proforma accounts in
commercial form as may be agreed between Government and CGA.
- None of the above (All of the above are correct)
- Proforma accounts of regular Government Workshops and Factories shall be kept in accordance
with the detailed rules and procedure prescribed in the
- GAR, 1990
- R&P, 1983
- GFR, 2017
- Departmental regulations.
- Proforma accounts relating to Public Works shall be prepared by the
- Divisional Officer
- CCA
- Accounts Officers
- CGA
- Proforma accounts relating to Public Works shall be prepared by the Accounts Officers in
accordance with the instructions contained in
- Departmental regulations
- Account Code for Accountants General.
- GAR, 1990
- Works Manual.
- Where commercial accounts are maintained for the purpose of assessment of the cost of an article
or service, who shall ensure that adequate regulations are framed with the approval of Government in order
to ensure that the cost deduced from the accounts is accurate and true?
- Head of the Unit
- CAG
- CGA
- CCA
- Subsidiary accounts and statements shall be submitted on such date as may be required by to the
- CCA
- CAA
- CGA
- Accounts Officer
- Subsidiary accounts and statements shall be appended each year to the
- Appropriation Accounts
- Finance Accounts
- Departmental Accounts
- Balance Sheet
- The Personal Deposit Account shall be authorised to be opened by a special order by the
concerned Ministry or Department in consultation with the
- CAA
- CCA
- CGA
- C&AG
- Every personal deposit account so authorised to be opened, shall form part of the Government
Account and be located in the
- Consolidated Fund
- Contingency Fund
- Public Account
- Local Departmental Account
- The provisions relating to “Personal Deposit Account” are contained in
- Civil Accounts Manual and R&P 1983
- GAR, 1990
- GFR, 2017
- Accounts Code
- In relation to Civil and Criminal Courts’ deposits, Personal Deposit Account to be opened in favour
of the
- Chief Justice of High Court of the State Concerned
- Chief Justice of Supreme Court
- Bar Council
- Chief Judicial Authority concerned
- State whether true or false
Officers commanding units and others concerned in the administration of public funds in the
Defence Departments can be authorised to open personal deposit accounts for such funds.
- True
- False
- Significant expenditure incurred with the object of acquiring tangible assets of a permanent nature
or enhancing the utility of existing assets, shall broadly be defined as
- Assets expenditure
- Capital expenditure.
- Revenue expenditure
- At discretion of HoD
- Charges on maintenance, repair, upkeep and working expenses, which are required to maintain
the assets in a running order as also all other expenses incurred for the day to day running of the
organisation, including establishment and administrative expenses, shall be classified as
- Revenue expenditure
- Capital expenditure
- Major Expenditure
- Contingent Expenditure
- Pick the incorrect one
- Expenditure on a temporary asset or on grants-in-aid cannot ordinarily be considered as a
capital expenditure
- Expenditure on a temporary asset or on grants-in-aid shall not, except in cases specifically
authorised by the President on the advice of the C&AG, be debited to a Capital Head.
- Capital expenditure is generally met from receipts of capital nature, as distinguished from
ordinary revenues derived from taxes, duties, fees, fines and similar items of current income
including extraordinary receipts.
- Under no circumstances the Government shall meet capital expenditure from ordinary
revenues.
- Charges for re- placement of all wastage or depreciation of property originally provided out of capital
grants shall be classified as
- Revenue Expenditure
- Capital Expenditure
- Contingent Expenditure
- At discretion of HoD
- The cost of genuine improvements, which enhance the useful life of the asset whether determined
by prescribed rules or formulae, or under special orders of Government, may be debited to
- Revenue Expenditure
- Capital Expenditure
- Contingent Expenditure
- At discretion of HoD
- Expenditure on account of reparation of damage caused by extraordinary calamities such as flood,
fire, earthquake, enemy action, etc., shall be charged to Capital, or to Revenue, or divided between them, depending upon whether such expenditure results in creation/acquisition of new assets or whether it is only
for restoring the condition of the existing assets, as may be determined case basis by
- HoD
- Government
- Ministry of Finance
- Accounts Office
- The allocation between capital and revenue expenditure on a Capital Scheme for which separate
Capital and Revenue Accounts are to be kept, shall be determined in accordance with such general or
special orders as may be prescribed by the Government after consultation with the
- CGA
- CCA
- C&AG
- Niti Aayog
- Capital receipts accruing during the process of construction of a project, shall be classified as
- Revenue Receipt
- Misc. Receipt
- Contribution
- reduction of capital expenditure
- Receipts and recoveries on Capital Account in so far as they represent recoveries of expenditure
previously debited to a Capital Major Head shall be taken in
- reduction of capital expenditure
- Revenue Receipt
- Misc. Receipt
- Contribution
- State whether true or false
Where loans outstanding against Public Sector Undertakings are proposed to be converted into
equity investments in or as grants-in-aid to the Public Sector Undertakings, the approval of the Ministry of
Finance to such proposals, shall be obtained by including a token provision in the relevant Demands for
Grants or Supplementary Demands for Grants as may be found expedient.
- True
- False
- For capital outlay provided otherwise (other than out of specific loan raised by the Govt.), interest
shall be charged at the rate of interest to be determined each year by the
- Department of Economic Affairs, Ministry of Finance.
- Department of Expenditure, Ministry of Finance
- Ministry of Trade & Commerce
- Ministry of Corporate Affairs
- As a convention, the period accepted by Central and State Governments for the re-audit of past
transactions involving errors in classification
- 2 years
- 3 years
- 5 years
- 10 years
- The Central Government (which includes Union Territories) and the State Governments have
agreed under reciprocal arrangements not to prefer petty and isolated claims for an amount not exceeding
- 5000/-
- 7500/-
- 10000/-
- 15000/-
- If a doubt arises as to whether a particular claim would fall within or outside the purview of the
proposed arrangement between the Central Government (which includes Union Territories) and the State
Governments, it shall be decided by
- Central Govt.
- State Governments concerned
- mutual consultation
- Parliament.
- In the case of Projects, jointly executed by several Governments, where the expenditure is to be
shared by the participating Governments in agreed proportions, but the expenditure is ab-initio incurred by
one Government and shares of other participating Governments recovered subsequently shall be exhibited
as
- Revenue receipt
- Misc. Revenue receipt
- Misc. Deposit Receipt
- abatement of charges
- A five years’ contract shall be offered to the State Government during which the Central
Government would pay the fixed sum per annum for the work, If the charges are found to be reasonable
and do not exceed for any individual item (or connected group of items)
- 10000/-
- 25000/-
- 50000/-
- 100000/-
- An annual statement of proposed charges from the State Government at the time of preparation of
the Budget shall be necessary, if the amount agreed upon exceeds
- 25000/-
- 50000/-
- 75000/-
- 100000/-
- Claims of State Governments, on account of the extra cost of agency functions entrusted to them
under
- Article 258
- Article 259
- Article 261
- Article 263
- The date up-to which Inter-Governmental adjustments can be carried out as the books of RBI for
the month of March are closed on this very date
- 7th April
- 15th April
- 20th May
- 1st June
- Recoveries of expenditure for services rendered or supplies made to non-Government parties or
other Governments (including local funds and Governments outside India), shall in all cases, be classified
as
- Reduction of Expenditure
- Receipts
- Contribution
- Misc. Deposit Receipt
- When a Government undertakes a service merely as an agent of a private body, the recovery of
entire cost of the service rendered shall be taken
- Reduction of Expenditure
- Receipts
- Contribution
- Misc. Deposit Receipt
- State whether true or false
Any relief in respect of payment for services rendered or supplies made to any outside body or fund
shall ordinarily be given through a remission of dues rather than by grant-in-aid.
- True
- False
- Pick the incorrect one
- Half the maintenance charges pertaining to boarder/boundary line will be borne by the
Central Government, the other half being recovered, as far as practicable, from the foreign country,
failing which the foreign country’s share will also be borne by the Central Government.
- Charges relating to demarcation of boundaries and boundary disputes will be borne by the
Central Government under Entry 10 of the Union List, subject to such recovery as shall be made
from the Foreign Country.
- Where streams or other watercourses form the boundaries and where the ordinary principle
of median line applies, the Government concerned will bear the cost of maintenance of the
boundary line on its side.
- The arrangement in (a) above i.e. bearing half the maintenance charges pertaining to
boarder/boundary line, in its application to Nepal will be subject to special arrangements worked
out in consultation with the Nepal Government.
- The share of the Nepal Government for maintenance and demarcation of and disputes over
boundaries will be borne by the Central Government for the present
- For purposes of inter-Departmental payments, the Departments of a Government shall be divided
into
- Service departments and commercial departments
- Work departments and non-work departments
- General Departments and Economic departments
- General, Social and Economic departments.
- All claims shall ordinarily be preferred between Departments, both commercial and non-commercial
of the Central Government, within the same financial year and not beyond
- 2 years from the date of transaction.
- 3 years from the date of transaction.
- 5 years from the date of transaction.
- 7 years from the date of transaction.
- The settlement of inter-departmental adjustments shall be regulated by the directions contained in
Chapter 4 of
- R&P 1983
- GAR,1990.
- GFR, 2017
- Treasury Rules
- Between different Departments of the same Government, the recoveries effected for services
rendered shall be classified as
- Revenue Income
- Misc. Income
- Deposit Receipt
- Deductions from the gross expenditure.
- Recoveries made by a Commercial Department, e.g., Railways, Posts or a departmental
commercial undertaking in respect of services rendered in pursuance of the functions for which the
Commercial Department is constituted shall be treated as
- receipts of the Department
- deductions from the gross expenditure
- grant to the department
- deposit receipt
- Where a commercial department acts as an agent for the discharge of functions not germane to
the essential purpose of the Department, the recoveries shall be taken as
- Revenue Income
- Misc. Income
- Reduction of expenditure
- Deposit Receipt
- Recoveries of fees for purchase, inspection, etc., effected by the Central Purchase Organizations
(DGS&D) of Government of India, are treated as
- receipts of the Department
- deductions from the gross expenditure
- grant to the department
- deposit receipt
- State whether true or false
Recoveries effected from another Department of the same Government which are to be classified
as deduction from the gross expenditure, shall be shown in the relevant Demand for Grant as “below the
line” recovery under the appropriate Major Head of Account etc.
- True
- False
- Fill in the blank
In the case of Government Departments and undertakings declared as commercial, adjustment of
Pensionary liability shall be made in the regular accounts by charging the average of the percentage for
___________ of service based on the rates of monthly contribution of prescribed pension
- 10th years
- 12th years
- 15th years
- 20th years
Thank you a lot for providing individuals with a very spectacular possibility to read critical reviews from this site.external audit services in dubai
ReplyDeleteQuestion 7 answer is wrong, govt accounts are kept on cash basis
ReplyDeleteQuestion no-19 correct ans-B (at the start of DAY)
ReplyDeleteYour blog is very valuable which you have shared here about fund recovery. appreciate your efforts which you have put into this article and also it is a gainful article for us. Thank you for sharing this article here.Fund Recovery Services In UK
ReplyDeleteThis is very educational content and written well for a change. It's nice to see that some people still understand how to write a quality post.! Best hire a recovery expert service provider.
ReplyDeleteIt's very nice of you to share your knowledge through posts. I love to read stories about your experiences. They're very useful and interesting. I am excited to read the next posts. I'm so grateful for all that you've done. Keep plugging. Many viewers like me fancy your writing. Thank you for sharing precious information with us. best recover my bitcoins service provider.
ReplyDeleteGreat article by the great author, it is very massive and informative but still preaches the way to sounds like that it has some beautiful thoughts described so I really appreciate this article. Best get your money back from a scammer service provider.
ReplyDeleteIt’s great to come across a blog every once in a while that isn’t the same out of date rehashed material. Fantastic read.. Best antminer l7 service provider.
ReplyDeleteAntminer Z15
ReplyDeletehttps://cryptominingdevices.com/product/bitmain-antminer-z15-zcash-420-ksol-s/
Great article by the great author, it is very massive and informative but still preaches the way to sounds like that it has some beautiful thoughts described so I really appreciate this article. Best i need a hacker urgently service provider
ReplyDeleteIt’s actually a great and helpful piece of info. I’m happy that you just shared this helpful info with us. Please keep us informed like this. Thanks for sharing! Best platform to buy cryptocurrency service provider.
ReplyDelete
ReplyDeleteAfter a long time, I read a very beautiful and very important article that I enjoyed reading. I have found that this article has many important points, I sincerely thank the admin of this website for sharing it. recover lost funds
Your contents are completely awesome and share worthy. I really appreciate your efforts that you put on this. Keep sharing. For more Fake Receipt Generator related information visit Receipt Builder.
ReplyDeleteIn the world of business, competition is the key. Competition in the brick and mortar world is virtually the same as the online world. The difference being that there is not quite as much immediate competition for services or local craftsmen. Selling Merchant Services
ReplyDeleteClearly, It is an engaging blog for us which you have provided here about Financial Advisor Website Templates This is a great resource to enhance knowledge about it. Thank you.
ReplyDeleteYou've provided some very useful information. I'm glad I came into this article because it provides a lot of important information. Thank you for sharing this storey with us. public finance investment banking
ReplyDeleteI'm glad I came to this page because it contains a lot of useful information that you have offered here. Cook Island Asset Protection I appreciate you sharing this content.
ReplyDeleteYou have a genuine capacity to compose a substance that is useful for us. You have shared an amazing post about....Much obliged to you for your endeavors in sharing such information with us. bitmain l7 for sale
ReplyDelete