For purpose of financial control, the grants allotted to each major head of accounts is divided into(a) Financial unit (b) Primary unit(c) Objective Unit (d) Detailed unit Answer Answer: B Government accounts are kept in three parts. Pick the incorrect one(a) Consolidated Fund of India (b) Contingency Fund of India(c) Public Account (d) Emergency Fund … Read more
The annual Finance Accounts and Appropriation Accounts (FA&AA) are prepared by the respective Accountants General in the states and Union Territories with legislatures with the exception of(I) Goa (II) Delhi (III) Puducherry (IV) Daman & DiuFind the correct ones-A. I & II B. II & IV C. I, II & III D. All The audit … Read more
The distinguishing factor between fraud and error is-A. MisinterpretationB. IntentionC. Involvement of various partiesD. Degree of benefit Fraud depending upon involvement of members may be-A. management fraudB. employee fraudC. either of the aboveD. None of the above The advantage/benefit due to fraud to an individual or a group of individuals will be-A. tangibleB. notionalC. presumptiveD. … Read more
Service Books maintained in the establishment should be verified every year by the(a) Head of Office (b) Head of Department(c) Accounts Officer (d) Person concerned Answer Answer: A Pick the incorrect one(a) The service book of a government servant shall be maintained in duplicate. First copy shall be retained and maintained by the Head of … Read more
GFR 2017 MCQ GOVERNMENT GUARANTEES The Article of the Constitution of India that provide power of the Union Government to give guarantees is(a) 292 (b) 293(c) 289 (d) 290 Answer Answer: A Powers to grant Government of India Guarantee, including those on external borrowings, vests with the(a) Budget Division, Department of Economic Affairs(b) Budget Division, … Read more