Railway Accounts Department Examinations

Saturday, October 14, 2023

Key to Expenditure Question Paper Appendix2 Exam 2023 WR

 

Key to Expenditure Question Paper Appendix2 Exam 2023 WR 



Click for Expenditure Question Paper 2023 of WR   


Section I




  1.  Match the following:   (Marks 12 x 1=12) 


1

EPC


A

Registration of Bills

2

Plan Head 53


B

Traffic Facilities

3

CO 6


C

General Conditions of Contract

4

Cash Imprest


D

Engineering Procurement Construction

5

Primary Unit


E

Works chargeable to Capital

6

GeM


F

% of Gross Working Expenses to Gross Earnings

7

Plan Head 16


G

Government e Marketplace

8

GCC


H

Works Matters

9

ROR


I

Object of Expenditure

10

Operating Ratio


J

Petty Expenses

11

MSOP Part A


K

Control Over Cash Outgo

12

Exchequer Control


L

Customer Amenities

Answer: 


1

EPC


D

Engineering Procurement Construction

2

Plan Head 53


L

Customer Amenities

3

CO 6


A

Registration of Bills

4

Cash Imprest


J

Petty Expenses

5

Primary Unit


I

Object of Expenditure

6

GeM


G

Government e Marketplace

7

Plan Head 16


B

Traffic Facilities

8

GCC


C

General Conditions of Contract

9

ROR


E

Works chargeable to Capital

10

Operating Ratio


F

% of Gross Working Expenses to Gross Earnings

11

MSOP Part A


H

Works Matters

12

Exchequer Control


K

Control Over Cash Outgo




  1. Fill in the Blanks      (16 Marks) 


  1. Detailed estimates need not be prepared for works costing less than _______ 

  2. Expenditure of Railway Staff College is chargeable to Demand No._________ 

  3. Currency for the sanction to an Estimate is normally  _____ years 

  4. Minimum Rate of Return expected for Railway Projects is _____ percent 

  5. The Amount recoverable from Suppliers for the failure to supply the materials within due date is known as __________ 

  6. Salary of Running Staff is booked to Demand No. ____ 

  7. The Zonal Accounts Department is headed by ______ 

  8. Abstract Z refers to ____________ Earnings   







Answers: 

  1. Rs 5 Lakhs 

  2. Erstwhile Demand No. 2 Miscellaneous Expenditure - General (Railway Staff College new name is NAIR - National Academy of Indian Railways)  .  If Zonal Training Centres, the answer is erstwhile Demand No.12 - Miscellaneous Working Expenses (SMH - Sub Major Head 10)

  3. 5 years  ( 2 years - If work is not commenced)  

  4. 10 

  5. LD - Liquidated Damages 

  6. Erstwhile Demand No. 08 - Operating Expenses - Rolling Stock & Equipment 

  7. PFA - Principal Finance Advisor (In Railway Board - Member Finance.  In Division - Sr.DFM - Senior Divisional Finance Manager)

  8. Sundry Other Revenue (Now Revenue is replaced the word Earnings)  .Abstract X - Coaching Traffic Revenue and Abstract Y - Goods Traffic Revenue


3. State Whether True or False:       (12 Marks)


SN

Statement

True / False

1

The object of performance guarantee in service tenders is to keep the offer of open till the finalization of Tenders


2

Revenue Allocation Register is maintained for exchequer control


3

PVC claim is applicable for Contracts above Rs.25 Lakhs


4

Expenditure on ceremonial occasion is normally charged to Revenue


5

Post Project appraisal is done through Productivity Test


6

In IPAS module bills are required to be pass at 3 levels


7

The checks exercised by Railway Accounts Office on financial transactions is called Internal Audit


8

M&P programme is budgeted under Plan Head 41


9

Two Packet system of tendering means submitting the Tender documents separately for Technical and financial bids


10

Arbitration is a mechanism to sort out the disputes arising out of implementation of Contract


11

Deposit works means works charged to Fixed Deposit under Contingency Fund of India


12

A Contract under which during the period of its currency, the Contractor engages to supply materials on Demand irrespective of the Quantity at fixed unit rate is called Rate Contract 


Answers: 


  1. False (Correct Answer is the Object of EMD is to keep the offer open till the finalization of Tender)

  2. False 

  3. False  (The Correct answer is Rs.2 Crores and above) 

  4. True 

  5. True

  6.  

  7. False (The Correct answer is Internal Check) 

  8. True 

  9. True 

  10. True 

  11. False 

  12. True

4. Give the full forms of following: (Any 18)   (Marks 18 x 1=18) 


SN

Abbreviation/ 

Acronym

Expansion

1

IPAS

Integrated Payroll Accounting System

2

IRPSM

Indian Railways Projects Sanction & Management

3

GST

Goods & Services Tax

4

MSME

Micro Small & Medium Enterprises

5

RRSK

Rashtriya Rail Sanrakshak Kosh

6

DRF

Depreciation Reserve Fund

7

PVC

Price Variation Clause

8

HRMS

Human Resources Management System

9

DOP

Delegation Of Powers

10

RDSO

Research Designs & Standards Organization

11

CLW

Chittaranjan Locomotive Works

12

RSP

Rolling Stock Programme

13

EMD

Earnest Money Deposit

14

PBG

Performance Bank Guarantee

15

UDM

User Depot Module

16

GFR

General Financial Rules

17

DCF

Discount Cash Flow

18

IRWCMS

Indian Railways Works Contract Management System

19

NPV

Net Present Value

20

GTKM

Gross Tonne Kilo Meters

21

FIRR

Financial Internal Rate of Return




To be Continued…….











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