Railway Accounts Department Examinations

Friday, September 25, 2020

70% Selection Question Papers - 2020 year - Accounts Dept


SWR Question paper 70% Selection 2020 year

ECR Question Paper 70% Selection 2020 Year

Did you know ?

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)
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


                                                         Did you know ?


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



Established in year


DRF- Depreciation Reserve Fund



Previous name is Programme Revenue

D.F – Development Fund


23,33,43 & 53


Previous name is Betterment Fund

IRFC (Indian Railway Finance Corporation)



It is a PSU – owned by Ministry of Railways for financing the Rolling Stock

C.F – Capital Fund



Established in place of closed Railway Revenue Reserve Fund

R.S.F – Railway Safety Fund




Extra Budgetary Resources (Institutional Finance)




(Rashtriya Rail SanrakshaKosh)



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

3.       Modify the terms and conditions there of in a manner not acceptable to the Railways. 

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


·        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


·        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”.