General Financial Rules 2017 CHAPTER 12: MISCELLANEOUS SUBJECTS

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

General financial Rules (GFR) 2017 MCQ GOVERNMENT GUARANTEES

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

General Financial Rules(GFR) 2017 CHAPTER 10: BUDGETING AND ACCOUNTING OF EXTERNALLY AIDED PROJECTS MCQ

The projects or schemes of the Government of India to be implemented through external aid receipt from multilateral or bilateral funding agencies shall be approved(a) Parliament through budget proposal(b) Parliament separately from budget proposal(c) Ministry of Finance(d) President of India Answer Answer: A To finance specific project(s) by the funding agency(ies) under Government to Government … Read more

CHAPTER 9: GRANTS-IN-AID AND LOANS

As a general principle Grants-in-aid can be given to a person or a public body or an institution having a(a) distinct legal entity (b) sound financial position(c) credible performance record (d) substantial working force AnswerAnswer: A No new autonomous institutions should be created by Ministries or Departments without the approval of the(a) Parliament (b) President(c) … Read more

GFR 2017 MCQ CONTRACT MANAGEMENT

All contracts shall be made by an authority empowered to do so by or under the orders of the President in terms of(a) Article 299 (1) (b) Article 299 (2)(c) Article 301 (1) (d) Article 301 (2) Answer Answer: A The various classes of contracts and assurances of property, which may be executed by different … Read more