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KERALA PSC DEPARTMENTAL TEST - Introduction to the Indian Government Accounts and Audit -Previous Question paper - (Paper III)-DT. 24.3.2019


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KERALA PSC DEPARTMENTAL TEST 

FINAL ANSWER KEY

Paper: Introduction to the Indian Government Accounts and Audit (Paper III)

Medium of Question: English

Date of Examination 24-03-2019

Question1:-Statement of facts relating to money on _________________ are called accounts

 A:-Government

 B:-Profit

 C:-Things having money value

 D:-Balance sheet

 Correct Answer:- Option-C

Question2:-Audit is used an an instrument of financial control by _____________.

 A:-Government

 B:-Head of Department

 C:-C & AG

 D:-Legislature

 Correct Answer:- Option-C

Question3:-State share of Service Tax collected by state forms a part of the ____________ of the state

 A:-Consolidated fund

 B:-Public fund

 C:-Public account

 D:-None of the above

 Correct Answer:- Option-A

Question4:-Article ______________ of the Constitution of India deals with the duties and powers of the C & AG of India.

 A:-194

 B:-149

 C:-158

 D:-193

 Correct Answer:- Option-B

Question5:-As per the provisions of the constitution contingency found of the state will be at the disposal of the ____________.

 A:-President of India

 B:-State Finance Minister

 C:-The Governor of the State

 D:-Chief Minister

 Correct Answer:- Option-C

Question6:-Ways and means of Government means ______________.

 A:-Income

 B:-Expenditure

 C:-Overdraft

 D:-The method of maintaining the daily cash balance

 Correct Answer:- Option-D

Question7:-Regularity Audit is a function of the ___________.

 A:-Finance Department

 B:-Chartered Accountant

 C:-The C & AG of India

 D:-None of the above

 Correct Answer:- Option-C

Question8:-The _____________ of India consists of coins issued under the Indian Coinage Act 1906.

 A:-Coins

 B:-Bank notes

 C:-Currency

 D:-Rupee

 Correct Answer:- Option-C

Question9:-___________ issued by Reserve Bank of India are legal tender throughout India.

 A:-Pronotes

 B:-Bills

 C:-Pay orders

 D:-Bank notes

 Correct Answer:- Option-D

Question10:-The Rupee is ______________ upto any amount.

 A:-Overdraft

 B:-Legal tender

 C:-Cash credit

 D:-Bills of Exchange

 Correct Answer:- Option-B

Question11:-_____________ issued one rupee notes in India.

 A:-RBI

 B:-SBI

 C:-Central Government

 D:-State Government

 Correct Answer:- Option-C

Question12:-Article 268 of the Constitution deals with ______________.

 A:-Stamp Duty

 B:-Income Tax

 C:-Sales Tax

 D:-Wealth Tax

 Correct Answer:- Option-A

Question13:-As per Article 270 of the constitution a percentage of the net proceeds of _____________ is assigned to the states.

 A:-GST

 B:-Sales Tax

 C:-Income Tax

 D:-Wealth Tax

 Correct Answer:- Option-C

Question14:-1st April to 31st March is the __________ in India.

 A:-Statutory period

 B:-Period of Accounts

 C:-Legal period

 D:-None of the above

 Correct Answer:- Option-B

Question15:-In India _____________ are kept on cash basis.

 A:-Bank Accounts

 B:-Personal Accounts

 C:-Corporation Accounts

 D:-Government Accounts

 Correct Answer:- Option-D

Question16:-The expenditure made with the object of ___________ of material character is termed as capital expenditure.

 A:-increasing perishable assets

 B:-increasing concrete assets

 C:-increasing current assets

 D:-none of the above

 Correct Answer:- Option-B

Question17:-The ___________ of a Government servant proceeding to join an office on transfer be debited to the office to which he is proceeding.

 A:-Transit pay and allowances

 B:-Dearness pay

 C:-Arrear of pay

 D:-None of the above

 Correct Answer:- Option-A

Question18:-The ____________ of a Government Servant shall be debited to the same head as pay.

 A:-Pension

 B:-DCRG

 C:-Travelling Allowance

 D:-None of the above

 Correct Answer:- Option-C

Question19:-The cost of ______________ taken up by acquisition of a new project shall be debited to capital account of the project.

 A:-Administrative sanction

 B:-Technical sanction

 C:-Land

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 D:-None of the above

 Correct Answer:- Option-C

Question20:-Municipal rates and taxes on government buildings paid by PWD may be debited to the __________ of the building concerned.

 A:-Capital

 B:-Revenue

 C:-Maintenance estimate

 D:-None of the above

 Correct Answer:- Option-C

Question21:-____________ is a Department recognized by the Central Government as commercial.

 A:-Education

 B:-Health

 C:-Railways

 D:-Defence

 Correct Answer:- Option-C

Question22:-As a general rule recoveries from _____________ be treated as revenue and not as deduction from expenditure.

 A:-Private persons

 B:-Employees

 C:-Other governments

 D:-Debtors

 Correct Answer:- Option-A

Question23:-The acceptance of __________ shall be regarded as a loss of cash.

 A:-Bank Notes

 B:-Counterfeit Coins

 C:-Pay Orders

 D:-Cash Orders

 Correct Answer:- Option-B

Question24:-Forest revenue is an example of _____________.

 A:-Direct Tax

 B:-Indirect Tax

 C:-Non-Tax Receipts

 D:-None of the above

 Correct Answer:- Option-C

Question25:-Executive Government is responsible for enforcing ______________ in the expenditure of Public Money.

 A:-Economy

 B:-Speed

 C:-Balance

 D:-None of the above

 Correct Answer:- Option-A

Question26:-Audit against regularity ensures _______________ in Governmental expenditure.

 A:-Rule of Law

 B:-Propriety

 C:-Economy

 D:-Efficiency

 Correct Answer:- Option-A

Question27:-The Audit will scrutiny the ______________ to see that they are not inconsistent with any provisions of the constititution.

 A:-Accounts

 B:-Rules and Orders

 C:-Monthly Accounts

 D:-Ledger Accounts

 Correct Answer:- Option-B

Question28:-The Audit will investigate the ____________ of Government expenditure in Propriety Audit.

 A:-Rules

 B:-Laws

 C:-Necessity

 D:-None of the above

 Correct Answer:- Option-C

Question29:-_______________ is the practical systematic management of the affairs of a project or scheme which assures minimum operating cost for carrying out functions and responsibilities.

 A:-Economy

 B:-Management

 C:-Performance

 D:-Administration

 Correct Answer:- Option-A

Question30:-The audit of the initial accounts maintained in certain Government institutions and offices on the spot is called ____________.

 A:-Annual Audit

 B:-Local Audit

 C:-Internal Audit

 D:-None of the above

 Correct Answer:- Option-B

Question31:-____________ of State commercial enterprises is an example of Non-Tax Revenues.

 A:-Products

 B:-Sales

 C:-Services

 D:-Surpluses

 Correct Answer:- Option-D

Question32:-The __________ to conduct Receipt Audit is the C & AG in India.

 A:-Obligation

 B:-Statutory Authority

 C:-Liability

 D:-None of the above

 Correct Answer:- Option-B

Question33:-_____________ is an example of State-Direct-Taxes.

 A:-Income Tax

 B:-Gift Tax

 C:-Estate Duty

 D:-Agricultural Income Tax

 Correct Answer:- Option-D

Question34:-Interpretation of ____________ is a Judicial function.

 A:-Accounts

 B:-Balance sheet

 C:-Law

 D:-None of the above

 Correct Answer:- Option-C

Question35:-It is not the duty of Audit to review a _____________ decision.

 A:-Account

 B:-Ledger

 C:-Balance

 D:-Judicial

 Correct Answer:- Option-D

Question36:-_____________ frame one grant or appropriation to another grant or appropriation are not permissible.

 A:-Transfers

 B:-Deductions

 C:-Reappropriations

 D:-None of the above

 Correct Answer:- Option-C

Question37:-For purposes of Public Works administration ____________ is generally divided into circles.

 A:-India

 B:-Districts

 C:-States

 D:-None of the above

 Correct Answer:- Option-C

Question38:-The list of ___________ employed daily on work is recorded in Master roll.

 A:-Materials

 B:-Officers

 C:-Engineers

 D:-Labourers

 Correct Answer:- Option-D

Question39:-Measurement Book is an initial account in the Public Works Department which is the basis of all accounts of ___________.

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 A:-Cash

 B:-Materials

 C:-Employees

 D:-Quantities

 Correct Answer:- Option-D

Question40:-Works abstract records in detail the ____________, stock and other charges on each work.

 A:-Cash

 B:-Material

 C:-Bank

 D:-None of the above

 Correct Answer:- Option-A

Question41:-A properly detailed _____________ is prepared for each work to be sanctioned by the competent authority. This sanction is known as Technical sanction.

 A:-Drawing

 B:-Plan

 C:-Estimate

 D:-Description

 Correct Answer:- Option-C

Question42:-Unpriced articles in stores means materials required for ___________ purpose of an office.

 A:-Audit

 B:-Administrative

 C:-Technical

 D:-Ministerial

 Correct Answer:- Option-B

Question43:-In Kerala the General Provident Fund Accounts of _____________ are maintained by

 A:-Workers

 B:-Government Servants

 C:-Labourers

 D:-None of the above

 Correct Answer:- Option-B

Question44:-Accounts returns of subdivisional officers are generally examined by ___________.

 A:-Divisional Accountant

 B:-Divisional Officer

 C:-Head Clerk

 D:-Executive Engineer

 Correct Answer:- Option-A

Question45:-The method of charging depreciation will be fixed by Executive after consultation with _____________.

 A:-Government

 B:-Audit

 C:-Engineer

 D:-None of the above

 Correct Answer:- Option-B

Question46:-The interest charges on capital outlay are classified ordinarily under the ____________ of account.

 A:-General Head

 B:-Interest Head

 C:-Loan Head

 D:-None of the above

 Correct Answer:- Option-A

Question47:-The Accountant General (A & E) maintains the Leave account of ____________.

 A:-Government Officers

 B:-Gazetted Government Servant

 C:-Head of Department

 D:-Head of Office

 Correct Answer:- Option-B

Question48:-The term _____________ applies to generally all articles and materials purchased for use of Government.

 A:-Materials

 B:-Stock

 C:-Stores

 D:-None of the above

 Correct Answer:- Option-C

Question49:-A fresh pay slip is issued by the Accountant General (A & E) to a Gazetted Officer __________.

 A:-on retirement

 B:-on termination

 C:-on conviction

 D:-whenever there is a change of any kind in emoluments

 Correct Answer:- Option-D

Question50:-Entitlement function of Accountant General includes_____________.

 A:-Local Audit

 B:-Test Check

 C:-Authorisation of Pay and Allowances

 D:-None of the above

 Correct Answer:- Option-C

Question51:-_____________ is payable to a Government servant on his retirement.

 A:-DCRG

 B:-Increment

 C:-Leave commutation

 D:-None of the above

 Correct Answer:- Option-A

Question52:-A joint pension payment order is issued by the Accountant General when _____________.

 A:-Retirement

 B:-Termination

 C:-Suspension

 D:-Both Pension and Family Pension are reported

 Correct Answer:- Option-D

Question53:-Receipt and Payment of money to ______________ is regulated by Article 283 of the Constitution.

 A:-State Bank

 B:-Reserve Bank

 C:-Consolidated Fund

 D:-Treasury

 Correct Answer:- Option-C

Question54:-Pension payment orders are issued both to the ___________ and to the Treasury.

 A:-Officer

 B:-Employee

 C:-Government

 D:-Pensioner

 Correct Answer:- Option-D

Question55:-_____________ keeps two separate accounts of cash transactions undertaken by it on behalf of State Government and Central Government.

 A:-Indian Bank

 B:-State Bank

 C:-Reserve Bank

 D:-Bank of India

 Correct Answer:- Option-C

Question56:-The Accounts maintained by _____________ of Government to get the operation result is called Proforma Accounts.

 A:-Finance Department

 B:-Service Departments

 C:-Commercial Undertakings

 D:-Medical Departments

 Correct Answer:- Option-C

Question57:-The _____________ Department is a commercial department for Accounting purpose.

 A:-Taxes

 B:-Revenue

 C:-Agriculture

 D:-State Water Transport

 Correct Answer:- Option-D

Question58:-The _____________ of Government, kept in India shall be maintained in Indian Currency.

 A:-Notes

 B:-Accounts

 C:-Deposits

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 D:-Assets

 Correct Answer:- Option-B

Question59:-The ___________ Accounts shall be kept in three parts.

 A:-RBI

 B:-SBI

 C:-Government

 D:-Rural Bank

 Correct Answer:- Option-C

Question60:-The three main divisions of consolidated fund are (a) ____________ (b) Capital (c) Debt.

 A:-Public debt

 B:-Revenue

 C:-Government debt

 D:-Per capita debt

 Correct Answer:- Option-B

Question61:-The main _____________ in the government accounts shall be major head.

 A:-Point of classification

 B:-Object of classification

 C:-System of classification

 D:-Unit of classification

 Correct Answer:- Option-D

Question62:-The change of nomenclature of any of the existing heads shall require the approval of the _____________.

 A:-Chief Minister

 B:-C & AG

 C:-Legislature

 D:-None of the above

 Correct Answer:- Option-B

Question63:-Expenditure which under the provisions of the Constitution is subject to the vote of the _____________ is called Voted Expenditure.

 A:-People

 B:-Legislature

 C:-Employees

 D:-None of the above

 Correct Answer:- Option-B

Question64:-The Indian Audit and Account Order was issued during _____________.

 A:-1936

 B:-1926

 C:-1946

 D:-1956

 Correct Answer:- Option-A

Question65:-Expenditure for purchase of _____________ are Revenue expenditure.

 A:-Land

 B:-Computers

 C:-Building

 D:-Gold

 Correct Answer:- Option-B

Question66:-Expenditure by Government on ______________ to Local Bodies for the purpose of creating assets are Revenue Expenditure.

 A:-Budget

 B:-Grants-in-aid

 C:-Appropriation

 D:-Voted Grant

 Correct Answer:- Option-B

Question67:-Expenditure incurred by Government for ___________ recurring liabilities are capital expenditure.

 A:-Increasing

 B:-Reducing

 C:-Dividing

 D:-Adding

 Correct Answer:- Option-B

Question68:-Expenditure on additions and improvements of a project are ___________ expenditure.

 A:-Revenue

 B:-Changed

 C:-Capital

 D:-None of the above

 Correct Answer:- Option-A

Question69:-____________ recovered on account of buildings by departments should be treated as revenue receipts of the department.

 A:-Rates

 B:-Taxes

 C:-Depreciation

 D:-Rent

 Correct Answer:- Option-D

Question70:-A ___________ paid by a private party with the object of meeting the cost of construction by the PWD should be treated as revenue receipt.

 A:-Taxes

 B:-Contribution

 C:-Fee

 D:-None of the above

 Correct Answer:- Option-B

Question71:-__________ of Revenue shall be taken in reduction of the revenue receipts under the major head concerned.

 A:-Collection

 B:-Omission

 C:-Remission

 D:-Refunds

 Correct Answer:- Option-D

Question72:-Moneys advanced for miscellaneous purposes under special authority and recoverable in cash shall be adjusted under the head ____________.

 A:-Loans

 B:-Debts

 C:-Credits

 D:-None of the above

 Correct Answer:- Option-D

Question73:-____________ Departments should be charged for office accommodation supplied by PWD.

 A:-Finance

 B:-Commercial

 C:-Taxes

 D:-Revenue

 Correct Answer:- Option-B

Question74:-If a _________ claim be relinquished, the value of the claim shall not be recorded on the expenditure side as a specific loss.

 A:-Expenditure

 B:-Collected

 C:-Receipt

 D:-Omitted

 Correct Answer:- Option-C

Question75:-If money due to Government has actually reached a Government servant and is then stolen it should be brought as a __________ into the Government fund first.

 A:-Loss

 B:-Receipt

 C:-Gain

 D:-Expenditure

 Correct Answer:- Option-B

Question76:-When the cost of land was originally debited to __________ its sale proceeds should be credited to Capital Account.

 A:-Expenditure

 B:-Capital

 C:-Revenue

 D:-Real

 Correct Answer:- Option-B

Question77:-All ___________ of cash should be recorded under separate heads in the accounts.

 A:-Receipts

 B:-Income

 C:-Losses

 D:-Expenditure

 Correct Answer:- Option-C

Question78:-Coins are issued under Section _____________ of the Indian Coinage Act, 196.

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 A:-14

 B:-17

 C:-24

 D:-34

 Correct Answer:-Question Cancelled

Question79:-The 50 paise coins is legal tender for any sum not exceeding __________ Rupees.

 A:-100

 B:-10

 C:-1000

 D:-50

 Correct Answer:- Option-B

Question80:-A ____________ which is written off should be debited as contingent charge of the Department concerned.

 A:-Loss of Furniture

 B:-Loss of Cash

 C:-Loss of Building

 D:-Loss of Land

 Correct Answer:- Option-B

Question81:-An over payment of pay shall be debited to the head ____________.

 A:-Advance

 B:-Allowance

 C:-Debit

 D:-None of the above

 Correct Answer:- Option-D

Question82:-Government of India gives ____________ to the states as per Article 282 of the Constititution.

 A:-Local funds

 B:-Plan grants

 C:-Revenue grants

 D:-None of the above

 Correct Answer:- Option-B

Question83:-His the duty of the ___________ to make recommendations regarding the distribution of Income Tax and union excise duties.

 A:-Accountant General

 B:-Finance Commission

 C:-C and AG

 D:-President of India

 Correct Answer:- Option-B

Question84:-The President of India constitutes the __________ under Article 280 of the constitution.

 A:-States

 B:-Union Territories

 C:-Finance Commission

 D:-Service Commission

 Correct Answer:- Option-C

Question85:-The ____________ of defence are prepared by the Financial Advisor of Defence services.

 A:-Salary structure

 B:-Arms estimates

 C:-Budget estimates

 D:-Final accounts

 Correct Answer:- Option-C

Question86:-Receipt of money from the public and departmental officers for credit to Government is the function of _________.

 A:-Cashier

 B:-Treasury

 C:-Bank

 D:-RBI

 Correct Answer:- Option-B

Question87:-The Sub-Treasuries are not required to _____________ the transaction occurring with them.

 A:-Calculate

 B:-Compile

 C:-Record

 D:-Account

 Correct Answer:- Option-B

Question88:-The fundamental object of Audit is to secure real value for the ___________.

 A:-Revenue collected

 B:-Profit made

 C:-Expenditure made

 D:-Tax payers money

 Correct Answer:- Option-D

Question89:-_____________ is by and large regularity and propriety audit.

 A:-Internal Audit

 B:-Performance Audit

 C:-Central Audit

 D:-Local Audit

 Correct Answer:- Option-C

Question90:-The ___________ for Audit of Receipts is Comptroller and Auditor General of India.

 A:-Officer

 B:-Corporation

 C:-Entity

 D:-Statutory Authority

 Correct Answer:- Option-D

Question91:-Irrigation receipt is a _____________ receipt.

 A:-Non-tax

 B:-Cess

 C:-Capital

 D:-Tax

 Correct Answer:- Option-A

Question92:-A regular accounting of demands, collection and refunds are required for _____________.

 A:-Revenue Receipts

 B:-Capital Expenditure

 C:-Capital Receipts

 D:-Revenue Expenditure

 Correct Answer:- Option-A

Question93:-The ____________ of the Central Government are prepared by the Accountant General - Central Revenues.

 A:-Finance Accounts

 B:-Expenditure Accounts

 C:-Suspense Accounts

 D:-None of the above

 Correct Answer:- Option-A

Question94:-The Accounts of __________ are based in the main on the single entry system.

 A:-Companies

 B:-Corporations

 C:-Local Bodies

 D:-Government

 Correct Answer:- Option-D

Question95:-Period of Accounts of Government is fixed by __________.

 A:-C & AG

 B:-Union Government

 C:-Audit and Accounts Order 1936

 D:-None of the above

 Correct Answer:- Option-C

Question96:-In case of ____________ the assets produced should belong to the authority incurring the expenditure.

 A:-Capital expenditure

 B:-Government expenditure

 C:-Revenue expenditure

 D:-None of the above

 Correct Answer:- Option-A

Question97:-____________ is the committee constituted for examining the Accounts and Audit Reports of Government.

 A:-Estimate Committee

 B:-Works Committee

 C:-Public Accounts Committee

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 D:-None of the above

 Correct Answer:- Option-C

Question98:-The Tenure of Estimates Committee is _______________ year.

 A:-5

 B:-3

 C:-2

 D:-1

 Correct Answer:-Question Cancelled

Question99:-____________ is precluded from examination and investigation of matters of day-to-day administration.

 A:-Committee on Public Undertakings

 B:-Works Committee

 C:-Government Committee

 D:-None of the above

 Correct Answer:- Option-A

Question100:-The C & AG of India is regarded as a ____________ of the committees on Public Accounts and Public Undertakings.

 A:-Advisor

 B:-Authority

 C:-Friend, Philosopher and Guide

 D:-None of the above

 Correct Answer:- Option-C

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