Government Accounting Rules, 1990 Pointers Quiz by Deepak Rahi. Government Accounting Rules, 1990 Pointers have been taken from Rahi Sir (Telegram Group) and Various other sources . All the MCQs are put out on the website to benefit all the employees appearing for SAS Exam. Questions are in Pointers format which will help during practice before appearing in the exam.
Government Accounting Rules, 1990 GENERAL OUTLINES OF THE SYSTEM OF ACCOUNTS Pointers Questions
“1.The general banking business of the Government carried out by the RBI includesAnswer
Answer: The receipt, collection, payment and remittance of moneys on behalf of the Government
” “2.Each office or branch of the RBI or bank handling transactions of the Ministries, Departments of the Central Government shall maintain
Answer
Answer: separate accounts in respect of each Ministry and Department banking with it
” “3.Branch of bank render an account of the transactions to
Answer
Answer: Respective PAO
” “4.The ministry/department transaction of which shall be classified separately from Central Transactions are
Answer
Answer: Railways, Defence, Post and Telecommunication.
” “5.The transactions of Railways taking place in designated bank shall be classified
Answer
Answer: Each Railways wise
” “6.The transactions of Defence taking place in designated bank shall be classified
Answer
Answer: each Controller of Defence Accounts
” “7.Detail of transactions together with the requisite challans, paid cheques pertaining to each to each Ministry/department that is submitted to PAO concerned is
Answer
Answer: Daily scroll
” “8.CAS Nagpur is responsible for keeping a complete account, of receipt and payments on account of the Central Government. including inter-Governmental adjustments and adjustments inter se of Defence, Railways and Posts—other than
Answer
Answer: Telecommunications
” “9.Transactions of UTs which are included in the balances against the balance of Departmentalised Ministries
Answer
Answer: UTs of Delhi and Andaman and Nicobars
” “10.Balances in respect of Union Territory Administrations dealt with by Accountants General and of all Union Territory Governments with Legislature is included in the balances of
Answer
Answer: Central Government Account Balance
” “11.transactions appearing in the books of an Accounts Officer in a Ministry /Department of the Central Government (including Railway, Defence, Posts and Telecommunications) which are adjustable in the books of an Accounts Officer of another Ministry/Department shall be adjusted by
Answer
Answer: Cheque or Bank draft
” “12.Settlement of Income Tax recoveries made from staff salary bills of Railways through
Answer
Answer: Book adjustment through Central Accounts Section, RBI Nagpur
” “13.Settlement of payments against supplies arranged by the Directorate General of Supplies and Disposals in the Department of Supply; in the Ministry of Commerce on behalf of Railway, Defence and Posts.
Answer
Answer: Book adjustment through Central Accounts Section, RBI Nagpur
” “14.Dividend payable in lieu of tax on Railway Passenger Fares, by Railways to Central Revenues.
Answer
Answer: Book adjustment through Central Accounts Section, RBI Nagpur
” “15.Loans from General Revenues to Railways and recovery of interest on loans and advances to Railways.
Answer
Answer: Book adjustment through Central Accounts Section, RBI Nagpur
” “16.Debts on account of supplies transactions arising in the books of the Chief Accounts Officer, High Commission of India, London and Indian Embassy, Washington with the Defence, Railways and Posts which appear, initially, in the books of the Principal Accounts Officer, Ministry of External Affairs.
Answer
Answer: Book adjustment through Central Accounts Section, RBI Nagpur
” “17.A statement of the closing balance of the Central Government shall be sent each month, by the Central Accounts Section of the Reserve Bank to the
Answer
Answer: Controller General of Accounts,
” “18.States that have not so far entered into agreement with the Reserve Bank of India for the conduct of their general banking business by the Reserve Bank.
Answer
Answer: Jammu & Kashmir and Sikkim
” “19.With effect from 1st February, 1978 transactions on account of discharge value of, and periodical interest on securities of State Governments, as well as receipts on account of subscriptions against market loans floated by State Governments are
Answer
Answer: taken by the officers of the Reserve Bank of India directly against the cash balance of the State Government concerned with the Central Accounts Section of the RBI, Nagpur
” “20.The Central Accounts Section of the Reserve Bank shall maintain
Answer
Answer: Individual account for each Ministry/ Department of the Central Government.
” “21.the CAS, RBI, Nagpur shall send a statement of closing balance of account to the concerned AG, Pr. AO of the Ministry/Department and the AG of UTs on
Answer
Answer: Monthly basis
” “22.Monthly account statement shall accompany supporting details as may be prescribed by
Answer
Answer: the RBI, in consultation with the CGA
” “23.In the case of transactions pertaining to the other State Governments including receipt moneys,
Answer
Answer: the AG shall make the requisite adjustments through the CAS, RBI against the balances of the other State Governments concerned.
” “24.The settlement of transactions between the State Government of Jammu and Kashmir & the State Government of Sikkim and other States the Centre is effected
Answer
Answer: in cash or by demand drafts in accordance with the instructions contained in separate orders.
” “25.Major head of Suspense Accounts is
Answer
Answer: 8658
” “26.payments pertaining to Central Government Securities, will be borne by
Answer
Answer: Pr. AO, Department of Economic Affairs, New Delhi
” “27.Expenditure on account of Central (Civil) Pensions including High Court Judges and Freedom Fighters, will be borne by
Answer
Answer: the PAO in the Central Pension Accounting Office.
” “28.Departments required to submit compiled accounts to their PAO are
Answer
Answer: CPWD and Forest.
” “29.The monthly statements compiled by Pay and Accounts Officer showing receipts and payments pertaining to the Ministry, Department or UT Administration under his payment control is called
Answer
Answer: Classified Abstract
” “30.Classified abstract is prepared from
Answer
Answer: accounts received from the bank and departmental officers, and from the book adjustments initiated in an Accounts Office,
” “31.Classified abstract is classified as per
Answer
Answer: Relevant major, minor, sub and detailed heads.
” “32.Consolidated Abstract
Answer
Answer: (i) prepared from the classified Abstract (ii) it shows the progressive totals month by month under major, minor, sub and detailed heads of accounts will be compiled.
” “33.A consolidated account of the Ministry/Department or UT Administration as a whole is prepared by
Answer
Answer: Concerned Pr. Accounts Office
” “34.Central transactions taking place at Central treasuries in UTs whose accounts are maintained by State AsG, each State AsG shall, send a monthly statement to
Answer
Answer: the Controller General of Accounts,
” “35.The Consolidated Account of the Central (Civil) transactions as a whole is prepared by the
Answer
Answer: The Controller General of Accounts
” “36.The cash balance of the Central Government in the books of the Controller General of Accounts, at the close of each month will be reconciled with
Answer
Answer: The statements of closing cash balance received from the Central Accounts Section of the Reserve Bank.
” “37.Till the switch over of pension payment from treasury counter to Public Sector Bank is completed Central Section of Account shall be maintained by the
Answer
Answer: The Principal Director of Audit (Central), Kolkata and the AG (A&E) West Bengal
” “38.Receipts realised in the Public Works, Forest and any other authorised departments shall be paid into a treasury or the bank in lump and accounted for at the treasure as.
Answer
Answer: merely as receipts on behalf of such departments
” “39.The detailed accounts of receipts realised in the Public Works and Forest shall be kept by
Answer
Answer: The departmental officers concerned.
” “40.The initial ‘accounts’ of payments in India on behalf of the State Governments and the UTs made either at its treasury or the bank shall be kept by
Answer
Answer: Treasury
” “41.Initial accounts where departmental officers are authorised to withdraw sums in lump from treasury or the bank for making payments shall be kept by
Answer
Answer: Department concerned
” “42.Officers of the Civil Departments who pay their receipts into the Consolidated Fund or the Public Account or withdraw moneys for expenditure therefrom or from the Contingency Fund in lump will submit detailed accounts of their transactions to
Answer
Answer: their respective Accountant General
” “43.Each State or Central treasury, which renders accounts to a State Accountant General will submit a
Answer
Answer: double set of accounts
” “44.Monthly double set of accounts are meant for
Answer
Answer: One for transactions of the State Government and the other for transactions of the Central Government.
” “45.The receipt and payment of moneys on behalf of a State outside its jurisdiction shall be arranged through the
Answer
Answer: AG of the State in which the transactions take place
” “46.the Central Accounts Sections of the Reserve Bank of India, Nagpur shall send a statement of monthly closing balance of each such account to
Answer
Answer: AsG concerned, Pr. AO of the ministry/department concerned and AsG of UTs
” “47.General Clearing House for the adjustment of all transactions between different State Governments and transactions between the Central and State Governments as may be specified by the Central Government is
Answer
Answer: CAS, RBI Nagpur
” “48.All adjustments to be made between the accounts of different State Governments as well as all payments which one of these Governments has to make to another shall be advised by the
Answer
Answer: The AG concerned through CAS, Nagpur
” “49.the CAS, RBI shall maintain a separate proforma account styled “”Departmentalised Ministries Account”” to
Answer
Answer: To keep the transactions under departmentalised system of Railway, Defence, Post and Telecommunication distinct from other Central transactions,
” “50.Transactions on behalf of State Governments arising in Central treasuries shall be classified in the treasury accounts under the head
Answer
Answer: 8658 – Suspense (Civil) – Accounts with Accountant General
” “51.Cash balances held in a State Treasury form part of the
Answer
Answer: Consolidated Fund, the Contingency Fund and the Public Account of the State to which the Treasury belongs.
” “52.The treasury Rules of each State Government issued under article
Answer
Answer: 283 of the Constitution
” “53.All transactions on behalf of other State Governments and the Central Government taken place in a State Treasury shall be
Answer
Answer: taken in the first instance against the cash balance of the State concerned.
” “54.transactions of the Central Government, including Railways / Postal / Defence Departments at State treasuries (both banking and non-banking), Section in which these shall be accounted for by the treasuries is
Answer
Answer: State Section under 8658 Suspense
” “55.All receipts in India on behalf of each State Government and on behalf of each Union Territory shall be paid into its Treasury or the bank, and initial accounts of such receipts shall be maintained at the treasury except that of
Answer
Answer: Public Works, Forest and other departments so authorised.
” “56.Officers of the Civil Departments who pay their receipts into the Consolidated Fund or the Public Account or withdraw moneys for expenditure therefrom or from the Contingency Fund in lump will submit detailed accounts of their transactions to their
Answer
Answer: Respective Accountant General.
” “57.Major Head 8675 pertains to
Answer
Answer: Deposit with the RBI
” “58.The final stage of compilation of Receipt and Disbursement during the year will be the preparation of the Abstract of
Answer
Answer: Major Head Totals
” “59.The transactions relating to Debt, Deposit and Remittance heads will be collected for the whole circle of account under each head of account from month to month in a
Answer
Answer: Detail Book.
” “.A copy of the monthly account of each State Government, will be submitted by the AG to
Answer
Answer: The State Government concerned.
” “.A copy of the monthly/March Supplementary account will be rendered by the Accountant General to the Controller General of Accounts relating to
Answer
Answer: a Union Territory Government, and of Central Government Civil pensions finally adjusted in the books
” “.Accounts between different Accounts offices of the Central Government is mentioned in Rule
Answer
Answer: 16 of GAR
” “.Submission of Annual Accounts to the President, the Governor or the Administrator of a UT as the case may be is governed by
Answer
Answer: Article 151, Section 11 of the DPC Act and Section 49 of UT Act, 1963
” “.Annual Accounts (including Appropriation Accounts) in respect of State Governments, and UT Governments with Legislature are prepared by the
Answer
Answer: AG concerned
” “.Appropriation Accounts of Central Civil Ministries and Central Civil Departments (other than Railways, Defence, Post and Telecommunication) shall be prepared by
Answer
Answer: Respective Ministry/Department under supervision of the CGA
” “.Appropriation Accounts of Central Civil Ministries and Central Civil Departments (other than Railways, Defence, Post and Telecommunication) shall be signed by
Answer
Answer: the Chief Accounting Authority i.e. the Secretary of concerned Ministry/Department
” “.Appropriation Accounts pertaining to Departments of Posts/Telecommunications shall be prepared and signed by
Answer
Answer: Secretary to Department of Post/Telecommunication
” “.Appropriation Accounts pertaining to Railways shall be prepared and signed by
Answer
Answer: Financial Commissioner, Railway Board
” “.Appropriation Accounts pertaining to Defence shall be prepared and signed by
Answer
Answer: Secretary (Defence Finance) respectively.
” “.for the purpose of submission of Appropriation Accounts of Central Civil Ministries and Central Civil Departments, it is consolidated by
Answer
Answer: The CGA
” “.Annual accounts (Finance Accounts) of the Union Government as a whole including Railways, Defence, Post and Telecommunication is prepared by
Answer
Answer: The CGAs
” “.Certification of Appropriation and Finance Accounts is done by
Answer
Answer: The CAG
” “.Pro forma basis Accounts that is maintained for undertakings of a commercial or a quasi-commercial character is
Answer
Answer: Located outside the general accounts of government.
” “.Proforma accounts is maintained in addition to regular accounts so every transaction that enters into Proforma Accounts finds a place in the regular accounts except
Answer
Answer: those adjusted on a liability basis,
” “.Proforma Account shall be maintained by the
Answer
Answer: Department concerned.
” “.Certain pro forma accounts relating to Irrigation, Navigation, Embankment and Drainage Projects to be prepared by
Answer
Answer: Civil Account Offices.
” “.Proforma Accounts relating to Government residential buildings are to be prepared by
Answer
Answer: Civil Account Offices.
” “.Non-commercial or non-quasi commercial activity for which a proforma accounts to be maintained is
Answer
Answer: Famine Relief Fund
” “.The form in which any pro forma accounts are prepared in Accounts Offices will be determined by the
Answer
Answer: Government concerned on the advice of the CAG
” “.The accounts of Government are based on the
Answer
Answer: single entry system (Cash Basis)
” “.Journal, Ledger and Trial Balance Sheet are called
Answer
Answer: Technical Accounts
” “.The Journal and Ledger are maintained where Government acts as a
Answer
Answer: banker, or remitter or borrower or lender.
” “.The various Accounts Officers under the Central Government shall prepare Ledger and summary of balances in accordance with the procedure prescribed by.
Answer
Answer: The CGA
” “.The annual summary of Balances or Trial Balance Sheet relating to transactions of the State Government is prepared by
Answer
Answer: Concerned State AG (also maintains Journal & Ledger)
”