Expenditure Study Material – October, 2021

 Expenditure Study Material – October, 2021

 

Nageswara Rao M, 9492432160

 

No of Topics: 80                 No of Pages: 240          No of MCQs - 139

 

Index

SN	Topic			Page no
01	Advances to Contractors			7
02	Arbitration & Conciliation			11
03	Bonus for early completion of work			17
04	Cash Imprest			19
05	CMB- Contractor's Measurement Book			20
06	Completion Reports			25
07		Contractor's Authorised Engineer	30
08	Contractor's Ledger			31
09	Cost plus Tender or Cost plus Contract			33
10	Deposit Works And Departmental Charges			34
11	Differences between IRCA & IRFA transactions			38
12	Differences between Lease and License			40
13	Differences between Write back and Write off			42
14	Direct acceptance of Tenders in Works			43
15	EBR Extra Budgetary Resources			45
16	Railway Capex – 2020-21 & Diff between Budgetary Resources & EBR			46
17	IRFC – Indian Railway Finance Corporation			49
18	EBR (IF) – Extra Budgetary Resources (Institutional Finance)			53
19	PPP – Public Private Partnership			57
20	Private Trains in India			60
21	Targets by 2022-23–IR - 75th anniversary of independence			66
22	EMD – Earned Money Deposit			67
23	SD – Security Deposit			69
24	EPC – Engineering Procurement & Construction			70
25	Estimates & Verification of Estimates			72
26	Assets Register			84
27	FAR - Fixed Asset Register			85
28	Financial Appraisal of Railway Projects – DCF Techniques			90
29	Force Majeure clause			98
30	GFR- Financial Rules			99
31	Internal Audit & Differences between Internal Check & Internal Audit			100
32	IR-WCMS - Indian Railways Works Contract Management System			102
33	JV - Joint Venture in Works Tenders			105
34	MCQs - Model Question Paper 70% SCR 2021 (30 MCQs)			110
35	Letter of Credit			117
36	Line Capacity Works			119
37	LD – Liquidated Damages in Works			121
38	Material At Site A/c – M A S			123
39	Material Modification			125
40	MCQ – Works Programme (15 MCQs)			127
41	MCQ – Advances to Contractors, IRCA, IRFA (10 MCQs)			131
42	MCQ – GFR, Force Majeure, Letter of Credit (10 MCQs)			134
43	MCQ – MSOP (10MCQs)			137
44	MCQ – EPC ( 6 MCQs)			140
45	MCQ - WCMS, Direct Acceptance (10 MCQs)			142
46	MCQ - FAR, Asset Register (6 MCQs)			145
47	MCQ - OOT works (10 MCQs)			147
48	MCQ - Sources of Finance Budgetary (19 MCQs)			150
49	MCQ -Line capacity works, order of precedence, cash  imprest (8 MCQs)			155
50	MSOP - Model Schedule Of Powers & GMs Negative Powers			157
51	MCQ – MSOP (15 MCQs)			164
52	Novation agreements			169
53	Out of Turn Works - OOT Works			171
54	Order of Precedence of Documents – GCC for Works			173
55	Performance Guarantee			175
56	PMC - Project Management Consultancy			177
57	Productivity Test / Review			181
58	PVC – Price Variation Clause			184
59	RAR – Revenue Allocation Register			190
60	Railway Shramik Kalyan Portal			192
61	Social Service Obligations /Social costs in Indian Railways			193
62	Sources of Finance (Budgetary)			197
63	Capital and DRF - Depreciation Reserve Fund			199
64	DF – Development Fund			202
65	CF – Capital Fund			203
66	SF – Safety Fund			205
67	Railway Liability Reserve Fund or Debt Service Fund			206
68	RRSK – Rashtriya Rail SanrakshaKosh			208
69	CRIF – Central Road & Infrastructure Fund			210
70	NIF – National Investment Fund			211
71	Tender Notice - Works Contracts			212
72	Time Overruns and Cost Overruns			215
73	Umbrella works			217
74	Variation of quantities			220
75	Vitiation			223
76	VGF - Viability Gap Funding			225
77	Way Leave charges			227
78	Works Programme			229
79	IRPSM – Indian Railways Projects Sanction & Management			234
80	Zonal / Zone Works			240

*****

LDCE ACCOUNTS QUESTION PAPERS OF NWR 2021

 

NORTH WESTERN RAILWAY

Accounts Department

Limited Departmental Competitive Examination (LDCE) for selection to the post of Assistant

Financial Advisor (Group ‘B’ Service-30% quota)

 

 

 

PAPER-I

 

 

Date: 20/11/2021

 

Time Allowed: 3 HoursMaximum Marks: 150

This paper contains three sections viz. A, B & C.  All sections have to be answered. Each section carries equal marks.

 

[Note: (1) Do not write your Roll No./Name anywhere in the answer book. Write your Name, Designation, and Roll No only in the assigned space in the file leaf only. If the candidate writes Name / Designation/ Roll No, or any symbol / indication in the answer book, the candidature shall be disqualified. (2) Answer to Q.3 has to be given in English only and answers to other questions have to be written in either in English or Hindi. (3) In case of any discrepancy between the English and Hindi versions of this question paper, English version will be treated as final.]

 

Section-A: General Knowledge, English and Official Language Policy                                     [50 marks]

 

Section-B: General Principles of Government Accounting and Auditing with special reference

To the Railways   [50 marks]

 

Section-C: Books and Budgeting including Traffic Book   [50 marks]

 

 

 

Section-A

General Knowledge, English and Official Language Policy

 

 

Q.1             Write the full form of the following abbreviations:                                                                                               (5 marks)

                     (i) UNICEF        (ii) UPSC           (iii) GDP            (iv)  PFRDA         (v)  UIDAI

 

Q.2             Write short notes on any two of the following:     

                                                                                               (10 marks)

i. Election Commission

ii. President Rule

iii. NITI Aayog

 

Q.3 (A)       Write an essay (about 300 words) on any one of the following:                                                                         (20 marks)

 

                    1. Freedom struggle of India

                    2. Unity in diversity

                    3. Honesty is the best policy

 

(B)     Write the antonyms of the following:                                                                                                                        (5 marks)            

                  1. Ancient      2.  Abundant     3. Conceal       4. Ugly         5. Frequent

 

Q.4          What is the Official language policy of the Union of India? Give salient features of the

                  Official Languages Act 1963.                                                                                                                                         (10 marks)

 

 

 

Section-B

 

General Principles of Government Accounting and Auditing with special reference to the Railways

 

 

Attempt any two of the following; each question carries 25 marks:

 

                  Q.5   a. What do you mean by ‘statutory audit’                                                                                                                         (7 marks)

                           b. Write short notes on the following:                                                                                                                               (18 marks)

                                (1) Draft Para

                                (2) Special Letter

                                (3) Public Accounts Committee (PAC)

 

                  Q.6   Distinguish between the following:                                                                                                                                        (25 marks)

                           1. Originating earning and apportioned earning.

                           2. Write-back and write-off

                           3. Consolidated fund and contingent fund

                           4. Demands payable and Demands recoverable

                           5. Block Account and Loan Account

 

                  Q.7   Give a detail of the system of maintenance and compilation of Railway Accounts.                                                       (25 marks)

 

 

 

 

Section-C

 

Books and Budgeting including Traffic Book

 

     Attempt any two of the following; each question carries 25 marks:

 

       Q.8     What is Traffic Book? How is it posted and what purpose does it serve?                                                                         (25 marks)

 

 

       Q.9     (A)  What is the purpose of Operating Suspense Account?                                                                                                  (7 marks)

 

                   (B) Briefly discuss the operation and accounting of the following Suspense heads.

 

(a)    Cheques & Bills, (b) Remittance into bank,(c) Purchase Suspense                                                                       (18 marks)

 

      Q.10   Write short notes on the following:   (25 marks)   

                                          

i.   Outcome budget

                  ii.  Performance budget

 iii. Zero based budgeting

                  iv. Accrual accounting

                  v.  Transfer transaction

 

 

                                                                                                    NORTH WESTERN RAILWAY

                                                                                                         Accounts Department

                                                  Limited Departmental Competitive Examination (LDCE) for selection to the post of Assistant

                                                                                         Financial Advisor (Group ‘B’ Service-30% quota)      

 

 

 

                                                                                                                  PAPER-II

 

 

Date: 21/11/2021

 

Time Allowed: 3 HoursMaximum Marks: 150

This paper contains three sections viz. A, B & C.  All sections have to be answered. Each section carries equal marks.

 

[Note: (1) Do not write your Roll No./Name anywhere in the answer book. Write your Name, Designation, and Roll No only in the assigned space in the file leaf only. If the candidate writes Name / Designation/ Roll No, or any symbol / indication in the answer book, the candidature shall be disqualified. (2) Answer to all questions have to be written in either in English or Hindi. (3) In case of any discrepancy between the English and Hindi versions of this question paper, English version will be treated as final.]

 

Section-A: Financial Justification for Expenditure and Traffic Costing                                                    [50 marks]

 

Section-B: Management Accounting                                                                                                            [50 marks]

 

Section-C: Traffic Accounting and Statistics & Establishment   [50 marks]

                                                             OR

                    General Expenditure Accounts and Workshop & Stores Accounts

 

 

 

Section-A

Financial Justification for Expenditure and Traffic Costing

 

Answer any two questions: (each question carries 25 marks)

 

Q.1     What are the points to be kept in mind while examining the following in finance:

 

a.       Land licensing proposal, b. Station to Station Rates, c. Detailed Estimate,

d.    Crossing Station, e.  Variation Statement                                                                                                                 (25 marks)

 

Q.2      Describe the methodology adopted by the Indian Railways to work out the costing for Freight

             And Coaching Services                                                                                                                                                                          (25 marks)

 

Q.3      Name and describe the various sources/ funds available for financing Railway Projects                                                          (25 marks)

 

 

 

 

Section-B

Management Accounting

 

 

Attempt any two questions: (each question carries 25 marks)

 

Q.4       Write short notes on the following:                                                                                                  (25 marks)

              (a) Debt Equity Ratio, (b) Marginal Costing, (c) Opportunity Cost,

              (d) Liquidity Ratio, (e) Working Capital

 

Q.5     a) Bring out the difference among partnership firm, joint venture firm and consortium of firms.                                              (15 marks)

 

           b) Describe DCF method of project appraisal.                                                                                                                                        (10 marks)

 

Q.6     What is the difference between Internal Check and Internal Audit? Give a brief description of scope and

            Objective of Internal Audit.                                                                                                                                                                       (25 marks)

 

 

 

 

 

 

Section-C

 Traffic Accounting and Statistics & Establishment

 

 

Attempt any two questions: (each question carries 25 marks)

 

Q.7      Write short notes on the following:

 

(a)   Accounts Office Balance Sheet, (b) Traffic Suspense, (c) Cash Remittance Note,                                 

             (d) Cash in Transit, (e) Error Sheet                                                                                                                                           (25 marks)

 

Q.8      Write short notes on the following:

 

(a)   Permanent Negotiating Machinery, (b) Child Care Leave, (c) National Holiday Allowance,

(d) Night Duty Allowance, (e) Leave Encashment                                                                                                                 (25 marks)

 

Q.9      Write short notes on the following:

 

(a)   GTKM and NTKM, (b) Statement no.6A, (c) Statement no.7A,

(d)  Statement no.7C, (e) Route Kilometer and Track Kilometer                                                                                         (25 marks)

 

 

 

 

                                                                                                                         OR

 

                                                  General Expenditure Accounts and Workshop & Stores Accounts

 

 

Attempt any two questions: (each question carries 25 marks)

 

Q.10     Write short notes on the following:

 

(a)   Excess over estimates, (b) Completion Report, (c) Final Location survey,

(d)  Vitiation of Contract, (e) Price Variation Clause                                                                                                             (25 marks)

 

Q.11       What is inventory management? Why it is necessary and how it is being managed on Indian

                Railways?                                                                                                                                                                                     (25 marks)

 

Q.12       Why it is necessary to operate a suspense account to book the expenditure in a Workshop?

                Describe briefly how such a suspense account is operated.                                                                                              (25 marks)

 

 

 

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Audit Flow chart

 Audit Flow chart

By Shri Damodar Prasad, Retd S.AFA/SCR

Update on Appendix3 Exam - Hope