DEPARMENTAL TEST KERALA: ACCOUNT LOWER- PAPER 3-online test 2

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PAPER 3 ONLINE TEST -- 2

Quiz

 

1. Which Act of the Parliament or the Legislature provides the authority for spending money for various purposes indicating in the government budget as passed
   
   1.   Finance Act
   2.   Appropriation Act
   3.   Contingency Act
   4.   None of the above
2. The Audit Reports laid on the table of the Legislature are examined by which committee?
   
   1.   Estimate Committee
   2.   Finance Committee
   3.   Public Accounts Committee
   4.   Expenditure Committee
3. CAG of India is appointed by whom?
   
   1.   Prime Minister of India
   2.   Union Public Service Commission
   3.   Chief Justice of India
   4.   President of India
4. In the field of Government accounting a fair and correct view of the financial stewardship of the Government during a year is presented by the
   
   1.   Annual accounts
   2.   Ways and means
   3.   Reconciliation statements
   4.   None of the above
5. A government company as per definitions in the Companies Act means a company in which the Central Government or any State Government or Governments or both together hold not less than ___________ percent of the paid up share capital of that company.
   
   1.   50
   2.   51
   3.   26
   4.   100
6. The pay and allowances of the comptroller and auditor shall be charged upon which fund?
   
   1.   Consolidated fund of India
   2.   Contingency fund of India
   3.   Public accounts of India
   4.   Consolidated fund of each state
7. Union Territory is administered by whom?
   1.   The President of India
   2.   The Administrator
   3.   The Council of Ministers
   4.   The Governor
8. The distribution of the Legislative Powers between the Union and the States is governed by which article of the constitution
   
   1.   Article 166
   2.   Article 149
   3.   Article 150
   4.   Article 246
9. Who prescribes the limit for raising money upon security of consolidated fund of India?
   
   1.   Reserve bank of India
   2.   Finance commission of India
   3.   The parliament by law
   4.   The Union Finance Minister
10. What is the maximum period within which a State Government has to repay the ‘Special Ways and Means’ advance taken from Reserve Bank of India?
    
    1.   Three months
    2.   Six months
    3.   One year
    4.   One month
11. Audit in relation to borrowings is to see what?
    
    1.   The proceeds to loans are properly brought to account
    2.   They are expended only on objects for which the loans were originally raised
    3.   Whether adequate arrangements are made by Government for amortization of debt
    4.   All the above
12. From which fund the expenditure of a state, when authorized by the appropriate legislature is met?
    
    1.   Employee’s Provident Fund
    2.   Consolidated Fund of the State
    3.   Consolidated Fund of India
    4.   The Labour Welfare Fund
13. The control of the Resource operations of the Government of India and of States is vested in whom?
    1.   The Finance Ministry
    2.   Reserve Bank of India
    3.   State Bank of India
    4.   The Planning Board
14. Grants-in-aid of revenues to the needy states shall be paid out of which fund?
    
    1.   Contingency fund of India
    2.   Consolidated fund of the state
    3.   Consolidated fund of India
    4.   Public accounts of India
15. In how many Tiers are Government Account classified?
    
    1.   Five
    2.   Four
    3.   Three
    4.   Six
16. In a Government Company, preparation of accounts is whose responsibility?
    1.   The shareholders
    2.   The Auditors
    3.   The Directors
    4.   None of these
17. In the regular Government accounts, the correct allocation of expenditure to revenue or capital heads of accounts is checked by which Department?
    
    1.   Indian Audit and Accounts Department
    2.   Finance Department
    3.   Budget Department
    4.   Planning Department
18. The Government Accounts are kept in how many parts?
    
    1.   Three
    2.   Two
    3.   One
    4.   Five
19. Expenditure on Grants-in-aid to local bodies or institutions (for purpose of creating assets which will belong to these local bodies or institutions) shall not except in cases specifically authorized by the President on the advice of comptroller and Auditor General be debited to a __________head of account.
    
    1.   Revenue
    2.   Capital
    3.   Public Accounts
    4.   None of these
20. All charges for the first construction and equipment of a project is classified as
    
    1.   Capital
    2.   Revenue
    3.   Either Capital or Revenue
    4.   None of these
21. Assisting the State Public Accounts Committees and Public Undertakings Committee in their examination of the audit reports is the
    responsibility of whom?
    
    1.   Secretaries of the Administrative Department to which the audit report pertain to
    2.   Accountant General (Audit)
    3.   Accountant General (Accounts and Entitlement)
    4.   None of the above
22. The Budget estimates of Defence are presented in how many parts?
    
    1.   Three
    2.   Two
    3.   Five
    4.   Seven
23. In the event of death of a pensioner who was issued a joint pension order, the family pension is paid after getting a death certificate,
    to the eligible pensioner by whom?
    
    1.   The Accountant general
    2.   The Treasury Officer concerned
    3.   The Head of department
    4.   None of these
24. What is the broad aim of audit?
    
    1.   To safeguard the financial interest of tax payer
    2.   To safeguard the interests of the Government servants
    3.   To safeguard the interests of the Finance Department
    4.   All these

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