Railway Accounts Department Examinations

Showing posts with label 26. Show all posts
Showing posts with label 26. Show all posts

Monday, October 9, 2023

MCQ on Budget - 26

 MCQ on Budget

1. Total number of erstwhile Demands in OWE - Ordinary Working Expenses of Zonal Railways ? 

Answer 1: 13

Answer 2: 11

Answer 3: 15

Answer 4: 16

2. Total number of erstwhile Demands in Indian Railways (prior to merger - including both Revenue and Capital) 

Answer 1: 16

Answer 2: 15

Answer 3: 13

Answer 4: 1

3. Which fund is described as "Reservoir of Government Money" ? 

Answer 1: Public Account of India

Answer 2: Deposit with RBI

Answer 3: Consolidated Fund of India

Answer 4: Central Government Treasury

4. Recovery of Provident Fund is accounted in ? 

Answer 1: Contingency Fund of India

Answer 2: Consolidated Fund of India

Answer 3: Public Account of India

Answer 4: Staff Benefit Fund

5. Commercial Accounts of Indian Railways are known as Capital & Revenue Accounts. Answer True or False 

Answer 1: True

Answer 2: False

6. Government Accounts of Indian Railways are known as Capital & Revenue Accounts. Answer True or False 

Answer 1: True

Answer 2: False

7. One of the options is not example of Charged expenditure 

Answer 1: Salary of Cabinet Secretary

Answer 2: Judgement/award of Court

Answer 3: Pay & allowance of C&AG

Answer 4: Pay & allowance of Chief Election Commissioner

8. Pick out the odd man out 

Answer 1: Staff Benefit Fund

Answer 2: Contingency Fund of India

Answer 3: Public Account of India

Answer 4: Consolidated Fund of India

9. Budget is a ________________ and _______________ document as per Indian Railway Finance Code Volume One (Chapter 3)

Answer 1: Constitutional , Management

Answer 2: Financial, Audit

Answer 3: Financial, Constitutional

Answer 4: Financial, Audit

10. As per Article 112(1) of Constitution of India, A statement of the estimated receipts and expenditure of the Government of India for that year’ referred to as the "__________________________" and popularly called the "__________________". 

Answer 1: annual financial statement, Annual Budget

Answer 2: Annual Budget, Annual Financial Statement

Answer 3: Annual Fiscal document, Management document

Answer 4: None of these

11. Which one is not example of Charged Expenditure in case of Indian Railways 

Answer 1: Salary and allowances of Chairman, RRB - Railway Recruitment Board

Answer 2: The salary, allowances and pension payable to or in respect of the CAG -Comptroller and Auditor General of India;

Answer 3: Any sums required to satisfy any judgement, decree or award of any Court or awards by Arbitrators where made into rule of court

Answer 4: Any other expenditure declared by the Constitution or by Parliament by law to be so charged

12. The Demands shall be for _____expenditure ; the credits or recoveries being shown in the form of _________ Demands. 

Answer 1: Net, footnotes to

Answer 2: Gross, deducted from 

Answer 3: Gross, footnotes to

Answer 4: Net, deducted from

13. The erstwhile Demands No. 1, 2 & 3 are in the nature of _______________ 

Answer 1: covering all Zonal Railways

Answer 2: Covering Railway Board only

Answer 3: Ordinary Working Expenses

Answer 4: General on cost

14. There is a single works erstwhile Demand No. 16 for all works Expenditure irrespective of source of financing. Say True or False 

Answer 1: True

Answer 2: False

15. First two digits in classification/allocation of erstwhile Demand No. 16 is ____________ 

Answer 1: Demand Number

Answer 2: Source of Finance

Answer 3: Plan Head

Answer 4: Activity

16. First two digits in Revenue classification shows ______ 

Answer 1: Source of Finance

Answer 2: Erstwhile Demand Number

Answer 3: Single Demand Number 83 (for 2020-21 FY)

Answer 4: Activity

17. Last two digits in Revenue/Capital classification shows_______ 

Answer 1: Main activity

Answer 2: erstwhile Demand Number

Answer 3: Sub activity

Answer 4: None of these

18. Total digits in Revenue classification/allocation are ____ 

Answer 1: 8

Answer 2: 7

Answer 3: 6

Answer 4: 9

19. Total digits in Capital classification/allocation are ____ 

Answer 1: 6

Answer 2: 7

Answer 3: 8

Answer 4: 9

20. Each erstwhile Demand has two-way classification by activity and by Primary units of expenditure. The activity classification identifies _______an expense item is incurred and Primary unit identifies ______ the expense item denotes 

Answer 1: Why, What

Answer 2: What, Why

Answer 3: Object, Why

Answer 4: What, Object


21. Ordinary Working Expenses (OWE) consists of ________ 

Answer 1: Erstwhile Demands 1 to 16

Answer 2: Erstwhile Demands 1 to 15

Answer 3: Erstwhile Demands 3 to 13

Answer 4: Erstwhile Demands 1 & 2

22. GWE - Gross Working Expenses consists of _______ 

Answer 1: Erstwhile Demands 1 to 15

Answer 2: Erstwhile Demands 1 to 16

Answer 3: Erstwhile Demands 3 to 13

Answer 4: Erstwhile Demands 1 to 14

23. Preparation of the Revised and Budget Estimates should commence at the '__________ level ’ 

Answer 1: Railway Board

Answer 2: Zonal Railway Headquarters

Answer 3: Grass Root, i.e., Division, Stores Depot, Workshop etc

Answer 4: Divisional Railway Headquarters

24. Accounts Dept (PFA) responsibility towards Budget is _______ 

Answer 1: Preparation

Answer 2: Compilation and scrutiny

Answer 3: Guidance to Executives

Answer 4: Approving

25. Credits or recoveries shall be __________from the scope of the demands presented for vote of Parliament :- 

Answer 1: Excluded

Answer 2: Included

26. The Grants are distributed by the Railway Board among the railway administrations are called as ______________and the orders by means of which the allotments are made are called as ______________ 

Answer 1: Allotments, Budget Orders

Answer 2: Budget Orders, Allotments

Answer 3: Spending Limit, Allotments

Answer 4: Allotments, Spending Limit


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