SWR Question paper 70% Selection 2020 year
Railway Accounts Department Examinations
Friday, September 25, 2020
Did you know ?
Previous | Now |
Railway Branch | Railway Board |
Public Works Dept | Railway Dept |
Secretary, Railway Branch | Chairman & CEO, Railway Board |
Dy.Secretary – Accounts | Member (Finance) - MF |
Dy. Secretary – Traffic | Member (O&BD - Operations & Business Development) - M/O&BD |
Dy. Secretary – Construction | Surrendered now. (Previously it was Member - Engineering) |
Circle | Zonal Railway |
Consulting Engineer | General Manager |
Govt Examiner of Accounts | PFA – Principal Financial Advisor |
· Initially (i.e., Before 1905) regulation and control of Government Railways was exercised by the Railway Branch of the Public Works Department (PWD) of Government of India.
·
Till 1905 (the year
Railway Board was established), the Railway Branch was headed by The
Secretary and 3 Deputy Secretaries (Traffic, Accounts & Construction) – like The Chairman, FC & Members as in
current Railway Board set up.
·
The entire Railway
system was divided into seven circles (like present Zonal Railways )
·
One Consulting Engineer and one Government
Examiner of Accounts were posted to each of these seven circles. (like General
Manager and PFA-Principal Financial Adviser)
·
The accounting and
auditing functions of the Railway Branch were combined and looked after
by The Accountant General, Public Works Department.
&&&
Did you Know ? - Busiest Railway Station in India
Busiest Railway Station in India is Howrah Railway
Station
·
Train frequency - Nearly 1000 trains per day
·
Oldest Railway Station – 1854
·
Largest Railway Junction
·
23 Platforms
·
Handling
nearly 10 lakh passengers a day
Today’s MCQ - Multiple Choice Questions
Today’s MCQ
25th September 2020
3. 3. Choose the order of the year of establishing the Railway Funds (chronological order)
A) Development Fund, Capital
Fund, IRFC , Railway Safety Fund, Depreciation Reserve Fund
B) Depreciation Reserve Fund,
Development Fund, Railway Safety Fund, Capital Fund, IRFC
C) Depreciation Reserve Fund, Development Fund, IRFC, Capital Fund,
Railway Safety Fund
D) Development Fund, Depreciation Reserve Fund, Railway Safety Fund,
Capital Fund, IRFC
Correct Answer : C) Depreciation Reserve Fund, Development
Fund, IRFC, Capital Fund, Railway Safety Fund
Information
for above MCQ
|
Funds |
code |
Established in year |
Remarks |
|
DRF- Depreciation Reserve Fund |
21 |
1924 |
Previous
name is Programme Revenue |
|
D.F – Development Fund I, II, III & IV |
23,33,43 & 53 |
1950 |
Previous
name is Betterment Fund |
|
IRFC (Indian Railway Finance Corporation) |
_ |
1986 |
It
is a PSU – owned by Ministry of Railways for financing the Rolling Stock |
|
C.F – Capital Fund |
25 |
1992 |
Established
in place of closed Railway Revenue Reserve Fund |
|
R.S.F – Railway Safety Fund |
26 |
2001 |
|
|
EBR (IF) Extra Budgetary Resources (Institutional
Finance) |
_ |
2016 |
|
|
RRSK (Rashtriya Rail SanrakshaKosh) |
29 |
2017 |
Though
it is not specified, it is a Second SRSF – Second Railway Safety Fund |
|
4. Which one among the following is incorrect?
A. EMD is 2% of the value of work, if the work value is up
to Rs. 1 Crore.
B. If value of work is beyond Rs. 1 Crore, the EMD is Rs.2 Lakh plus
0.5 % of the excess of the estimated cost of work beyond Rs. 1
Crore.
C. EMD of successful tenderer is retained as part of SD - Security
Deposit.
D. EMD is applicable to Open Tenders only Answer: D) EMD is applicable to Open Tenders only. Because EMD is applicable to all modes of Tenders such as Open, Limited, Single etc |
Information on EMD - Works
ü Earnest means – Showing sincere interest/serious in
participating the Tender process, if awarded executing the Work for
Organizations like Indian Railways.
ü EMD – Earnest Money Deposit – means an earnest payment as specific form of
Deposit to demonstrate that the applicant is serious/sincere to participate the
Tender work and complete the work for orgnisations like Indian Railways, if
awarded.
ü EMD Rates are as follows.
|
Value of the Work |
EMD Amount ( Rounded to
a nearest Rs.100) |
|
Up to Rs.1 Crore |
2 % of value of the
work |
|
Beyond Rs. 1 Crore |
Rs. 2 lakhs + 0.5 %
of the excess of the estimated cost of work beyond
Rs.1 Crore |
ü Maximum EMD is Rs. One Crore only.
Examples for
calculation of EMD under different circumstances: -
=======================================================
1. Value of Work - Rs. 25,60,520
2 % of
Rs.25,60,520 - Rs. 51,210
Answer is Rs. 51,200 /- (Rounded off to a nearest Rs.100)
=======================================================
2. Value of Work - Rs. 4,00,00,000 (
Rs. Four Crores)
|
First one Crore |
Rs.2,00,000 (Rs. Two
Lakhs) |
|
One Crore to Four
Crore ( 3 Crores) |
Rs.3 Crores x 0.5 %
= Rs. 1,50,000 (Rs.1.5 Lakhs) |
|
For Value of Rs.4
Crores |
Rs.2 Lakhs plus
Rs.1.5 Lakhs = Rs.3.5 Lakhs |
=======================================================
3. Value of Work - Rs. Two Hundred
Crores
|
First one Crore |
Rs.2,00,000 (Rs. Two
Lakhs) |
|
One Crore to Two
Hundred Crore ( 199 Crores) |
Rs.199 Crores x 0.5
% = Rs.99,50,000 |
|
For Value of Rs.200
Crores |
Rs.2,00,000 plus
Rs.99,50,000 = Rs.1,01,50,000. However maximum EMD is Rs.1
Crore. So EMD is
Rs.1,00,00,000/- ( Not
Rs.1,01,50,000) |
=======================================================
ü EMD is applicable to all modes of Tenders such
as Open, Limited, Single etc.
ü Exemption for Submission of EMD – Firms recognized
as “STARTUPS” by DIPP (Dept of Industrial Policy & Promotion.
ü EMD of Successful Tenderer – Retained as part
of Security Deposit. But Railway shall return the EMD, if a Successful Tenderer submit
“Term Deposit Receipt (TDR) / Bank Guarantee Bond towards the Full Security
Deposit.
ü EMD shall be deposited in Cash (through
E-Payment Gateway) or as mentioned in Tender documents.
ü EMD of unsuccessful Tenderers – Returned to
them. But Railway is not liable to pay the depreciated value, if any or any
interest on EMD.
ü Forfeit of EMD:
1. If the successful tenderer unable to submit
the PG – Performance Guarantee within validity of time, or
2. If the successful Tenderer resile/abandon from
his offer, Or
24th
September, 2020
1. A Station
Balance Sheet is a _________account of a Station Master.
A) Railway B) Personal
C) Station D) Traffic
Correct
Answer is B) Personal
Explanation:
·
The
rule of Personal Account is “Debit the Receiver and Credit the Giver” Here Station Master is responsible for what
he receives Cash and vouchers at Booking office of his Station, so it is
debited.
·
At the same time, he relinquishes his responsibility
by sending the Cash and Vouchers to the Traffic Accounts Office through Cash
office. So credited.
2. Salary of
DSK at Engineering Stores Depot in Zonal Rly was chargeable to ___________
A) Erstwhile Demand No. 12/ SMH 10
B) Erstwhile Demand No. 07/ SMH 5
C) Erstwhile Demand No. 04/ SMH 2
D) Erstwhile Demand No. 03/ SMH 1
Correct Answer is D) Erstwhile Demand No. 03
/Sub Major Head 1
Explanation:
·
Name of the
Erstwhile Demand No.03 /Sub Major Head 1 is “General Superintendence and Services”
. It consists of two branches A) General
Superintendence B) Services. Out of all the Depts,
Personnel, Accounts and Stores are comes under “Services”. So pay and allowances of staff working under
these three depts are chargeable to erstwhile Demand No. 03 only, irrespective
of whether they are working in GM office/DRM office or elsewhere (field
offices).
·
Remaining
Depts (Other than Personnel, Accounts & Stores)are on functional lines and
directly attributable to running of Trains. So Pay and allowances of field
staff of these Depts are charged to erstwhile Demands Nos 4 to 10. However the administrative staff of all Depts (In GMs office and DRMs Offices) are chargeable to Erstwhile Demand No. 03/SMH 01, because they are come under “General
Superintendence”.
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