Test your self

Appendix II MCQ

Friday, October 2, 2020

Establishment

Part 1 of 1

Q1. Net Revenue of a Zonal Railway is the difference between

a : Gross Earnings minus Ordinary Working Expenses
b : Miscellaneous receipts minus Miscellaneous expenses
c : Total Receipts minus Total Expenditure
d : None of these

Q2. Charged expenditure is:-
प्रभारित व्यय ______ है ।

a : Voted by Parliament
संसद द्वारा वोट किया हुआ
b : Sanctioned by FC (Railways)
वित्तीयआयुक्त (रेलवे) द्वारा मंजूर किया हुआ
c : Sanctioned by Chairman, Railway Board
अध्यक्ष, रेलवे बोर्ड द्वारा मंजूर किया हुआ
d : Sanctioned by President
राष्ट्रपति द्वारा मंजूर किया हुआ

Q3. Single Demand for Grant number assigned for Railways in 2017-18 was

a : 80
b : 82
c : 83
d : None of these

Q4. Demand for Grant number assigned for Railways in 2020-21 is

a : 80
b : 82
c : 83
d : None of these

Q5. Ordinary Working Expenses are budgeted in how many Sub Major heads?

a : 3
b : 11
c : 16
d : None of these

Q6. Appropriation to DRF and Pension Fund are budgeted under which Sub Major head?

a : Sub Major head 9
b : Sub Major head 10
c : Sub Major head 11
d : Sub Major head 12

Q7. On Zonal railways, payment towards interest component of lease charges is budgeted under which Sub Major head of Major head 3002?

a : Sub Major head 7
b : Sub Major head 8
c : Sub Major head 9
d : Sub Major head 10

Q8. While Pension Fund is appropriated under Sub Major head 12, Pension and Retirement expenditure is booked under which Sub Major head of Ordinary Working Expenses?

a : Sub Major head 9
b : Sub Major head 10
c : Sub Major head 11
d : Sub Major head 12

Q9. Examples of Charged expenditure:-

a : Pay and allowances of C&AG
b : Any award decreed by court of law
c : None of these
d : Both of these

Q10. As per Art 113(2) of Constitution of India, Budget estimates are presented to Parliament in the form of:-

a : Demands for Grants
b : Abstract Estimate
c : Appropriation Accounts
d : Finance Accounts

Q11. On Zonal railways, Budget process starts in which month?

a : November
b : September
c : August
d : December

Q12. Grants will be allotted through Budget Orders, after

a : Submission of Demands for grants to Parliament
b : Obtaining Vote of Parliament
c : Passing of Appropriation bill in Parliament
d : None of these

Q13. Unspent Budget allotment is:-

a : Carried forward next year
b : Revenue grant lapses, while Capital grant is carried forward to next year
c : Both revenue and capital grants are available for that financial year only
d : None of these

Q14. Expenditure spent in excess of grant is regularised by Parliament after tabling of Appropriation accounts and this is called:-

a : Spending limit
b : Budget order
c : Expenditure order
d : Excess grant

Q15. Budget is a:-

a : Managerial document
b : Constitutional document
c : None of these
d : Both of these

Q16. Based on the Revised estimate projections, where additional grants are required, the same will be communicated separately after obtaining vote of Parliament. These are called:-

a : Additional grants
b : Supplementary grants
c : Excess grants
d : Original grants

Q17. As per Art 113(3) of Article of Constitution of India, no Demand for grant can be made except on the recommendation of:-

a : Chairman, Railway Board
b : FC (Railways)
c : President
d : NITI Aayog

Q18. Under which Article of Constitution of India, charged expenditure is not subjected to Vote of Parliament?

a : 112(1)
b : 113(1)
c : 113 (2)
d : 115(1)

Q19. Budget reviews conducted on railways are:
a. August Review
b. Revised Estimate/Budget Estimate
c. Final Modification

a : b,c
b : b only
c : a,b,c
d : d only

Q20. Which of the following is true?
a. Based on RE, Revised grant is given
b. Based on BE, Budget Grant is given
c. Based on FM, Final Grant is given

a : a only true
b : b only true
c : c only true
d : a,b,c are true

Q21. Revised Estimate is prepared based on earnings/expenditure trends of----, and projections for the balance period:-

a : First 3 months
b : First 5 months
c : First 9 months
d : None of these

Q22. Final Modification is prepared based on expenditure trends of----, and projections for the balance period.

a : First 3 months
b : First 5 months
c : First 9 months
d : None of these

Q23. In respect of works segment of budget on Zonal railways, at RE/BE stage funds are sought for:-

a : Both works in progress and new works
b : New works only
c : Works in progress only
d : Both works in progress and new works chargeable to capital only

Q24. Minor heads in works segment are known as:-

a : Plan heads
b : Demands for Grants
c : Sources of Finance
d : None of these

Q25. Revenue Credits are to be reflected under which Primary Unit as minus figures?

a : 33
b : 52
c : 98
d : 99

Q26. Which statement is correct?
a. Vote of Parliament is obtained for Gross figures of Demands for Grants
b. Vote of Parliament is obtained for Credit figures of Demands for Grants
c. Vote of Parliament is obtained for Net figures of Demands for Grants

a : a
b : b
c : c
d : None of these

Q27. Under Revenue segment of budget, which Sub Major head is directly linked to performance?

a : SMH 7
b : SMH 8
c : SMH 9
d : SMH 10

Q28. For compiling Stores budget, figures of which Primary Unit (approved by GM) are communicated to Stores branch?

a : PU 18
b : PU 32
c : PU 28
d : PU 27

Q29. In which part of Capital segment(s) of budget, 'deduct entries' is/are found?

a : Works budget and Workshop Manufacture Suspense (WMS) budget
b : Stores budget and Works budget
c : Stores budget and Workshop Manufacture Suspense (WMS) budget
d : None of these

Q30. Value of stores to be procured through Stores dept by Workshop is budgeted under which side of Workshop Manufacture Suspense (WMS) budget of Workshop; and the same is shown as 'deduct entry' on which side of Stores budget?

a : Debit side of WMS; deduct entry on the receipt/debit side of Stores budget
b : Debit side of WMS; deduct entry on the issues/credit side of Stores budget
c : Credit side of WMS; deduct entry on the receipt/debit side of Stores budget
d : None of these

Q31. Value of workshop manufactured stores returned to Stores dept by Workshop is budgeted under which side of Stores budget; and the same is shown as 'deduct entry' on which side of Workshop Manufacture Suspense (WMS) budget?

a : Receipt/Debit side of Stores budget; deduct entry on credit side of WMS budget
b : Issue/Credit side of Stores budget; deduct entry on debit side of WMS budget
c : Receipt/Debit side of Stores budget; deduct entry on debit side of WMS budget
d : None of these

Q32. Which of the following is true in respect of 'deduct entries'?

a : Value of stores met from Workshop Manufacture Suspense (WMS) will form deduct entry’ in Stores budget
b : Value of stores met from Stores budget will form ‘deduct entry’ in Workshop Manufacture Suspense (WMS) budget
c : Both of these are correct
d : None of these are correct

Q33. For POH and other repairs of the home railway, budget to accept the debits is asked under which Primary Units of Revenue budget?

a : PU 34 (wages) & PU 35 (materials)
b : PU 33
c : PU 63 (wages) & PU 64 (materials)
d : PU 99

Q34. For POH and other repairs pertaining to foreign railway, budget to accept the debits is asked under which Primary Units of Revenue budget?

a : PU 34 (wages) & PU 35 (materials)
b : PU 33
c : PU 63 (wages) & PU 64 (materials)
d : PU 99

Q35. For accepting debits received towards Fuel for traction purpose drawn from Stores (fuelling points: Rail Container Depots), budget is sought under which:-

a : SMH 9 and PU 32
b : SMH 8 and PU 32
c : SMH 10 and PU 27
d : SMH 8 and PU 27

Q36. For accepting debits received towards Other than Fuel drawn from Stores as per the indents, budget is sought under which PU of Revenue budget?

a : PU 24
b : PU 27
c : PU 33
d : PU 63

Q37. For accepting debits received towards Fuel for other than traction purpose drawn from Stores, budget is sought under which Sub Major head & PU of Revenue budget?

a : Respective Sub Major heads under PU 18
b : Respective Sub Major heads under PU 27
c : Respective Sub Major heads under PU 31
d : Respective Sub Major heads under PU 32

Q38. What is the purpose served by 'Deduct entries' in Stores and WMS budgets?

a : Avoids budgeting for the same activity through two budgets, within Capital segment
b : Increases the budget requirement which can be used as cushion to meet cost escalation
c : Both of these
d : None of these

Q39. Funds for Motorcar Advance is budgeted under which segment of budget?

a : Revenue
b : Capital
c : Earnings
d : Civil grants

Q40. How many times Earnings budget is reviewed?

a : Once at RE/BE stage
b : Twice at RE/BE and FM stage
c : Thrice at August review, RE/BE stage and FM stage
d : Every month

Q41. Funds for mechanised coach cleaning activity are sought under which Sub Major head (SMH)?

a : 2
b : 3
c : 4
d : None of these

Q42. NPS, Government Contribution is budgeted under which SMH and PU?

a : SMH 11 and PU 99
b : SMH 11 and PU 08
c : SMH 09 and PU 08
d : SMH 1 and PU 08

Q43. Appropriation Accounts are prepared in which form?

a : A.1106
b : E. 1212
c : F.403
d : S.1302

Q44. As a system of reporting back to Parliament (PAC), Railways submit these accounts for scrutiny of C&AG:-

a : Finance Accounts
b : Capital and Revenue Accounts
c : Account Current
d : Appropriation Accounts

Q45. Appropriation Accounts compare the Actual expenditure with the grants:-

a : Voted by Parliament
b : Voted by Parliament and appropriations sanctioned by President
c : Sanctioned by President
d : None of these

Q46. In Appropriation Accounts variation should be explained between:-

a : Original Grant and Actual Expenditure
b : Original Grant plus Supplementary Grant and Actual Expenditure
c : Final Grant and Actual Expenditure
d : Supplementary Grant and Actual Expenditure

Q47. Schedule for submission of Appropriation accounts to Audit is issued in consultation with:-

a : Controller of Government Accounts
b : Public Accounts Committee
c : Comptroller & Audit General of India
d : None of these

Q48. Which of the following is NOT part of Appropriation Accounts?

a : Percentage of Working expenses to Gross earnings
b : Statement of Uneconomic branch lines
c : Statement of credit to Capital for Retired assets
d : Annual statement of stores transactions

Q49. Unsanctioned expenditure is reflected in:-

a : Annexure A
b : Annexure B
c : Annexure C
d : Annexure D

Q50. Annexure G consists of:-

a : Block Account
b : Balance Sheet and P&L Accoun
c : Block Account and Balance Sheet
d : Block Account, Balance Sheet, P&L Account

Q51. Block account reflects the value of railway physical assets created out of:-

a : Loan Capital
b : Loan Capital & Internal sources of Railway
c : Internal sources of railways
d : EBR-P, EBR-Deposits, EBR-IF & EBR-PPP

Q52. Misclassifications (between Voted and Charged; Revenue and Capital segments; between different sources of Financing etc) detected in the accounts are reflected in which Annexure?

a : Annexure H
b : Annexure I
c : Annexure J
d : Annexure K