Railway Accounts Department Examinations

Wednesday, May 23, 2018

Question papers - Stores Accounts


Stores Accounts (With Books) 2006
SBR 
Time allowed : 3 Hours                                                                                       Maximum Marks: 100

Note: Answer FIVE questions only. Candidates for section Officer ( Accounts ) should attempt any ONE question from Group A & any FOUR questions from Group B. Candidates for Inspector of Stores Accounts should attempt any ONE question from Group A and any FOUR questions from Group C. All questions carry equal marks.


GROUP A (for both SOA & ISA)
1.    (a) "Departmental stock verification is as important as the verification of stock by Accounts
             department for efficient inventory management." Discuss.
        (b) " Accounts department has its own mechanism to ensure that the interests of Railway are protected while auctioning railway materials." Discuss.

2.     Describe the various stages and steps involved in the receipt of stores in Railway Stores Depot and    
        it's accountal in Stores Accounts office. What steps are to be taken in Accounts office to adjust the
        shortages/excesses detected by stock verifier?


GROUP B
(For Section Officer Accounts only)

3.     (a) Name 3 items each from Group 65, Group 67 and Group 78 which are to be procured through
         DGS&D, quoting the para and relevant appendix of Stores Code.
         (b) Describe in brief, the procedure for check and accountal of DGS&D bills.

4.      Write short notes on any FOUR:

         (a) Book examination clause
         (b) Severable contract
         (c) Imprest stores
         (d) Stock Adjustment Account
         (e) Risk purchase



5. Distinguish between any FOUR:

       (a) Rate contract and Running contract
       (b) Late tenders and Delayed tenders
       (c) Movable surplus and Dead surplus
       (d) Stock items and Non-stock items
       (e) Service tax & VAT

6. Explain the procedure and components of stores budget estimate. How is it connected to the Revenue budgeted of a Zonal Railway?

7. What are the recent guidelines for breaking cartel formation of firms?suppliers? What additional measures can be taken by your Zonal Railway keeping the local conditions in view?


GROUP C (For ISA only)

8. (a)  What are the salient features verification, of articles of furniture, with certain  
          subordinates like loco inspectors?

    (b) What action should be taken for verification of small tools and Hand ools with a 
          permanent way inspector?

    (c) What are the General instructions regarding depot verification of material under  
         issue or receipt?

    (d) What are the general guidelines to be kept in view while weighing or measuring
         stock by Stock Verifier.


9. Write short notes on any FOUR
       
a)    Narrative Report
b)    Adjustment memo
c)    Accounts note
d)    Field Book
e)    Returned stores
f)     Valuation of Boiler tube





10. Distinguish between any FOUR:

a)    Pairing of Issue Notes & Pairing of Gate Pass.
b)    Minimum stock & Maximum stock
c)    Engineering Plant Reserve & MAS Account
d)    WMS & Stores Suspense
e)    Numerical ledger & Priced Ledger
f)     Price List Rate & Average Book Rate

11. What are the duties of Accounts Stock Verifiers? What are the statements to be
      submitted by the ASV's  after completion of stock verification?

12. What items does a stock verifier check at fuelling point/RCD? Suggest measures to control losses arising out of handling of tank wagons and its decanting in the Railway consumer depot.




Stores Accounts (Without Books) 2006
SXR (Without Books)

Group A (for both SOA & ISA)
1.    Describe the various duties of inspector of Store Accounts. What are the registers he is supposed to maintain to effectively perform the assigned duties? How can they be used for optimizing inventory balance?

2.    Heavy inventory is a drain on the resources of the organization. in this context discuss the utility of ABC analysis and VED analysis of inventory control techniques.

Group B (for SOA only)

3.  The complaints of delay in the payment of bills for stores supplied cause a lot of botheration to the FA&CAO. What are the main factors leading to delay in the Stores as well as in the Accounts office? What steps are necessary to eliminate such factors so as to avoid delays in payment?
4. What is Letter of Credit? Who are parties to a letter of credit? What are the items included in a letter of credit? Discuss briefly the benefits of letter of credit.
5. What is VAT ? How is it computed and in what way it is different from Sales tax? What are the existing Rates under VAT?
6. What is ECS? How EFT is utilised in the railways to effect payments to suppliers and contractors? What are the limitations of EFT and how can these be overcome?
7.  Write short notes on any Four:
  
a)  PVC in store Contracts
b)  Bullet tenders
c)  Deposit Miscellaneous Account
d)  Stores in transit
e)  Liquidated Damages
f)   Purchase preferences

Group C (for ISA only)

8. What are stock sheets? indicate at least five instructions to be kept in view while preparing the same. how are they disposed in the Accounts office?
9. Write short notes on any Four:
a)    Bin Card
b)    DMTR
c)    Survey reports
d)    T&P register
e)    Surplus stores
f)     Ground rent
10.    Who is responsible for the sale of railway stores? What are the items to be sold at the point of generation and why? Enumerate minimum 6 Suggestions to increase the scrap in railways.
11. Distinguish between any Four:
a)    Railway receipt & Parcel way bill
b)    FIFO & LIFO
c)    Earnest money & Security deposit
d)    Tender sale & Direct sale
e)    Depot transfer issues
f)     Finance vetting & Finance concurrence

12. What is the procedure of witnessing deliveries in auction? What are the test-check items by ISA at Sale delivery point?
-----


Stores Accounts (with Books) 2010
AAS (With Books)

Group A (for SOA & ISA)
1. How are Budget estimates and revised estimates prepared for stores departments ? How is the stores budget related to revenue Budget of the railway?
2. State the stages of checks to be carried out during stock verification of PWI's depot.

Group B (for SOA only)
3. tender opening is witnessed by accounts representative at the time of opening of tender.
Group C (for ISA only)
9. What are the general rules for opening and closing of wards ?
10. Gate pass is an important document in ensuring issue and use of material. Please elaborate.
11. how is the demand for a stock item assessed in the annual review system? Explain the maxima-minima system of recouping stores.
12.
a)    What are the categories into which railway scrap is generally classified?

b)    What will be the Classification of the following scrap items?
                 i) released P-way fittings like dog spikes and screws
                ii) Rail 90 lb
               iii) Cut pieces of 50 x 12 mm flats, 0.5 to 0.75 m in length
               iv) Condemned axles of wagons
                v) Armature windings of condemned electric locos
13. What are the various documents to be maintained in a receipt section to ensure timely receipt and accountal of stores? What action should be taken if pre-inspected materials don't prima-facie appear as per order description?

14. Different between Inactive, Surplus and Over-stocked items. What steps be taken to prevent accumulation and to effect reduction of balances of the above categories of store?
*****

Stores Accounts (Without Books) 2010
ZAS (2010) (without books)
Group A (for both SOA & ISA )
1. Inspectors of store accounts play an important role in inventory managment of the railways. Elaborate the statement, in reference to roles, an ISA is expected to play in the course of performing his duties.
2. Sale of scrap has become an important function of stores department. SVs and ISAs play a major role in the scheme of selling of scrap. Elucidate the role of SV and ISA in the total procedure of sale of scrap.       
GROUP B (for SOA only)

3."E-tendering will play a major role in the near future." State the main features of e-tendering.

GROUP C (for ISA only)

8. Write short notes on any FOUR:
   a) Field book
   b)Surplus store
   c) Material received without any documents
   d)Reserve price
   e)Stores on loan from other Railway

9.Distinguish between any FOUR:
   a)Special store and surplus store
   b)Dead surplus and Moveable SURPLUS
   c)Liquidated damages and General damages
   d) Earnest money and Security deposit
   e)SINT (purchase) and SINT (Depot transfer)
10. What are the duties of a Depot Store Keeper?

11.What is the composition and role of survey Committee for scraps? What are the advantages and disadvantages of sale of scrap by tender and by auction?

12.Under what circumstances Departmental Stock verification done? How are the discrepancies noticed during departmental verification of stores, sorted out?

*****
Stores Accounts (with Books) 2012
SGX

GROUP A (for SOA & ISA)

1. How is planning of Stores and Supplies done? How many types of Stores have been categorized? What are the standards of financial property to be observed during Stores Purchases.

2. What is the procedure for preparation of Stores budget? What can be optimum Stores Budget? What role does turn-over-ratio play in Stores Purchases?
GROUP B (for SOA only)

3. What is Auction & Scrap disposal Procedure? How is 'Reserve Price' determined? What is the role of accounts representative in Auction?

4. What is the procedure for 'receipt' & 'issue' of stores to workshops? How is adjustment of difference in Actual & Approximate cost of Workshop manufacture done?

5. What are Transfer Certificates? How are these posted in the Stores journal and incorporated in 'Capital Account'?

6. What are 'Imprest Stores'? How is recoupment schedule prepared? What is the role pf Accounts Officer in this regard?

7. Write short notes on:-(any four)
   (i) Stores-in-Transit
   (ii) Letter of credit
   (iii) Stock Adjustment Account
   (iv) Prorietary Certificate
   (v) Non-Stock Indents

8. What are the checks to be observed during Stores bill passing? Is there any way to expedite this procedure?
GROUP C (for ISA only)
9. What are the duties of inspector of Stores Accounts? What are the documents required to be maintained by ISAs?
10. what is a stock sheet? what are the important points of scrutiny at the time os stock verification? what is the procedure for accountal of stock verification sheet?
11. What are 'returned stores'? What is the role of ISA & Stock Verifier in effective supervision and accountal of 'Returned stores'
12. What is a Depot Ledger? How is the posting in Depot Ledger done? How does it help in recoupment of stores?
13. Write short notes on any four :-
(i)    Material at site Account
(ii)   Sale of scrap rails
(iii)  Numerical ledger
(iv)  Condemnation os stores
(vi)  Field Book

14. What is reverse auction? can this procedure be used in Railways Tendering system?


*****








Stores Accounts (without Books) 2012
SGY ( Without Books) 2012

Group A (for both SOA & ISA)

1. Inventory Management System followed in indian Railways is an effective system. it avoids unnecessary accumulation of stores & blocking of capital." Please Comment.
2. How effective is the tendering system of stores procurement which is followed in Railways? Has 'E' tendering played an important role? What is the scope for improvement ?

Group B (for SOA only)
3. How many types of Contracts are used in stores procurement? Describe three major types of contracts. What internal checks need to be exercised by Account Office in this regard during contact management?
4. What is the rate contract ? How can it be helpful in management of Inventory?
5. What is the method of preparing Indent ? What checks are exercised while scrutinizing Indents in Accounts Office ?
6. How is procurement of Engineering Stores done ? How is it different from normal stores procurement?
7. Write short notes on any four :-
(i)    Purchase preference
(ii)   Performance Bank Guarantee
(iii)  Certification of Funds
(iv)  Custody stores
(v)   Engineering Plant Reserve
8. What is the use of Price Variation clause (PVC) in stores Contracts? Does it always protect railway's financial interest? Is there any alternative method?

Group C (for ISA only)
9. What is the procedure followed in Issue of stores ? How are Issues examined by Stores Accounts Office?
10. What are surplus stores ? How is revaluation of surplus stores done ? What measures can be taken to control surplus stores ?
11. What is a price ledger ? How is reconciliation of price ledger with General Books done ?
12. What is the accountal procedure for purchase suspense ? How does it affect overall Inventory Management ?
13. Write short notes on any four :-
(i)    Bin Card
(ii)   Accounts Note
(iii)  Dead Surplus
(iv)  Turn-over-Ratio
(v)   Management Information System
14. What is a survey committee and why is it formed? How can it safeguard railway's financial interest?



Question Papers - Books & Budget


Books & Budget (with Books)      - 2012

Examination held on 31.01.2014                                          Max: 100 Marks
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Note:

Question NO.1 is compulsory.  Answer any four of the remaining questions.  All questions carry equal marks.

1. For the following items of earning/expenditure, give Abstract of Allocation, Name of Demand, Minor Head and Detailed Head:

i)                    IRFC lease charges for Wagons (Interest component)

ii)                  Payment to Contractor for Washing of linen for passenger coach.

iii)                Payment for rental of computers.

iv)                Material purchased by IOW for cleaning of office.

v)                  Advertisement fees received at station.

vi)                Expenditure on repair of X-Ray Machine of Railway Hospital.

vii)              Contractual payment for Construction of ROB (Road Over Bridge)

viii)            Workshop debit (wages) for normal POH of AC passenger coach.

ix)                License fee received from Book stall at Station.

x)                  Traction energy charges paid to State Electricity Board.

2. Distinguish between (any four)

a)      Revenue and Capital Expenditure

b)      Supplementary grant and Excess grant

c)      Apportionment of Earnings and Re appropriation of Expenditure

d)     Budget Estimate and Budget Allotment

e)      Loco Hire charges and Wagon hire charges

3. Write Short Notes on (Any four)

a)      Operating Ratio

b)      Remittance into Banks (RIB)

c)      Development Fund (DF)

d)     Works Register

e)      Proportionate Budget Allotment

 4. Why and how is the monthly Revenue and Capital Account current compiled? What is ‘Approximate Account current’ and why is it prepared?

 5. What is the purpose and method of compiling Appropriation Accounts? Describe any two Annexure accompanying these accounts.

 6. How is the Budget used as a tool of Parliamentary control over expenditure of Railways?  What is the role of Public Accounts Committee(PAC)?

 7. How are Railway Accounts different from Commercial Accounts?  Describe the Accounts heads operated by Railways for linking with government accounts.

 8. What are the General Books and Subsidiary Accounts Registers maintained in Railway Accounts Office?  How are these posted?


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BOOKS AND BUDGET (WITHOUT BOOKS)     2012

Examination held on 03.02.2014                                    Maximum: 100 marks
---------------------------------------------------------------------------------------------------

Note:

Question No.1is compulsory.  Answer any Four of the remaining questions.  All Questions carry equal marks.


1.      Given below are the financial results of Railways for the years 2007-08 and
2008-09.

                                                     
                                                      (figures in Crore of Rs.)
    

2007-08
2008-09
1.Gross Earnings
71645
79837
2. Traffic suspense
75
25
3. Gross Traffic Receipts
71720
79862
4. Miscellaneous Receipts
1557
1797
5. Ordinary Working Expenses(OWE)
41033
54349
6. Appropriation to DRF
5450
7000
7. Appropriation to Pension Fund
7979
10490
8. Miscellaneous Expenditure
480
645
9. Net Revenue
18334
9174
10. Dividend paid
4903
4718

a)      From the above figures, calculate the Operating Ratio for 2007-08 and 2008-09.

b)      Comment on the performance of the Railway in 2008-09 compared to 2007-08, giving possible reasons for improvement/deterioration.

c)      Calculate the amount available for sourcing of capital expenditure in each year and how is it normally allocated.


2. Distinguish between  (any four)

a)      Demands for Grants and Plan Heads

b)      Appropriation Accounts and Appropriation Bill

c)      Demands Recoverable and Demands Payble

d)     IRFA and IRFC Debits

e)      Coaching earning and Sundry earning

 3. Write short notes on (any four)

a)      Public Accounts Committee (PAC)

b)      Depreciation Reserve Fund (DRF)

c)      Dividend to General Revenues

d)     Cash Imprest

e)      Final Modification Statement
4.      Describe the process of preparation of Budget on Railways. How the estimates of earnings and expenditure framed and what are the stages of Budget review?

5.      What is meant by re appropriation of expenditure? What are the rules and powers of re appropriation?

6.      What is the need for the head ‘Cheques and Bills’?  What does the balance under this head represent and what measures are taken to reduce the balance.

7.      What are the sources of financing capital (plan) expenditure of Railways?  What do you understand by Extra Budgetary Resources (EBR)?

8.      Explain how exchequer control is used to exercise budgetary control?


                                                   *&*&*&*&*&*&

Saturday, May 12, 2018

LWIS - Liberalised Wagon Investment Scheme



LWIS - Liberalized  wagon investment scheme
2016 Station Accounts (without books) - 5 marks

Ø  Induction of private wagons into Railway system

Ø  Under this scheme, an investor would procure a rake/rakes including 4% spares and brake van. Railways agree to move these rakes in the system subject to certain conditions.

Ø  The procedure for procurement of Rakes by a private player is as under:

1.    COM of the Railway where the loading is done is contacted with the application showing the details viz; No. of rakes required, Type of Wagons, Commodity, loading stations etc,.

2.    After examination of the proposal as regards its operational feasibility “NOC’ is issued by COM of the loading Railway and the Railways through which the Rake passes.

3.    Application of the investor along with the NOC will be forwarded by the zonal Railway to ED/freight marketing (EDFM) for Board’s approval for procurement of rakes under LWIS.

4.    The rakes will be procured by the customer directly from wagon manufacturer or through import subject to meeting IRS designs and specifications and inspected by RDSO.

5.    Each Rake procured will have the authorized loading/unloading points, over specific routes or close circuit as approved by the Railways. These loading/unloading points can be changed as per the requirement of the investor.

Freight Charges.

1.Freight charges  will be levied at normal tariff applicable from time to time subject to adjustment of freight concession.

2. No freight will be charged on movement of empty rakes to the next destination. However, if the distance travelled is more than the loaded distance, empty freight rake will be charged @50% of loaded traffic.

Freight Concession

1.   The investor shall be allowed freight concession @ 15% on the base  freight rate in RR itself for the entire concession period of 20 years.

2.    If the investor  avails any concession or financial benefit under any other scheme in procurement of wagons, no concession shall be admissible under this scheme

Maintenance of wagons
Ø  The cost of maintenance of these wagons will be borne by the investor. The haulage charges for moving the wagons from private terminal to the  workshop/maintenance depot and back to loading point shall be borne by the Railways.

Restricted commodities.

Ø  Transportation of coal and coke Ores and minerals including Iron Ore are not permitted. However, other commodities which are produced/consumed by the investor shall be permissible.


-3-
Wagon involved in Accidents

Ø  In the event of wagons getting condemned as a result of accidents arising out of
1.    Negligence of the investor- No compensation is payable,

2.   Negligence of Railways- Payable  by Railways @ depreciated value as per IT rules at the time of condemnation.

Right to purchase the wagons

Ø  In case the investor decides to discontinue these wagons, Railways has the first right to purchase. The condemned wagons can be directly disposed off by the investor or through the Railways.
*****

Thursday, May 10, 2018

English part of Professional Paper one of LDCEC - strategy


English paper (25 marks) strategy for LDCE

ü  English paper covers 25 marks out of 150 marks ( i.e., 16 % ) for Professional Paper - I (LDCE)

ü  Usually English portion consists of objective type or fill up the blanks.  So good scope for scoring with little preparation.

ü  This paper consists of (generally)

1.       Synonyms and Antonyms

2.       One word Substitutes  

3.       Meanings of Latin, Greek, French, Spanish phrases   

4.       fill up the blanks  -   homographs/homophones/homonyms -   The answer usually having confused words like advise(verb) & advice(noun), license (verb) & licence (noun).

5.       Write a short passage on given topic  (usually 5 marks)

6.       Proverbs - fill up the blanks in the given sentences

7.       Prepositions - Fill up the blanks in the given sentences

8.       Sentence construction using given homograph/homophones/homonyms for example , rise & arise, apprise & appraise.

9.       Changing of active voice into passive voice and vice versa.

ü  The above list is not exhaustive. Readers are advised to refer other grammar usages in English language.

ü  The best suggested book for improving vocabulary is "Word power made easy" written by Normal Lewis.  (priced around Rs.150). Reading English Newspapers like HINDU is recommended for improving vocabulary. 

ü  For English grammar, refer standard books written by Wren & Martin & David Green.

Note: Above analysis is based on question papers of LDCE in S.C.Rly.  Readers of other Railways are advised to refer their Railway’s Question papers for better appraisal.

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